California Pension Fund Trims Stake in Sempra Energy

Sempra Energy shares rise 2.2% after California Public Employees Retirement System reduces its position

Mar. 16, 2026 at 8:19am

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California Public Employees Retirement System (CalPERS), one of the largest pension funds in the United States, has reduced its stake in Sempra Energy (NYSE: SRE) by 25.3% during the third quarter. CalPERS now owns approximately 1.35 million shares of the utilities provider, worth around $121.8 million.

Why it matters

As a major institutional investor, CalPERS' moves are closely watched by the market. The reduction in its Sempra Energy holdings could signal a shift in sentiment around the stock, though the reasons behind the decision are not entirely clear from the filing.

The details

According to the 13F filing, CalPERS sold 457,848 shares of Sempra Energy during the third quarter, leaving it with a total of 1,353,554 shares. Sempra Energy is an energy infrastructure company that develops, owns and operates businesses delivering electricity and natural gas, including regulated utility services and non-regulated infrastructure assets.

  • CalPERS filed its 13F report for the third quarter of 2026 on March 16, 2026.

The players

California Public Employees Retirement System

One of the largest public pension funds in the United States, managing over $400 billion in assets.

Sempra Energy

A San Diego-based energy infrastructure company that develops, owns and operates businesses delivering electricity and natural gas.

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The takeaway

The reduction in CalPERS' Sempra Energy stake could signal a shift in sentiment around the stock, though the specific reasons are unclear. As a major institutional investor, CalPERS' moves are closely watched by the market and may influence how other investors view the company.