Cambiar Investors Reduces Stake in Sempra Energy

Fund cuts holdings in utility company by over 21% in Q4

Apr. 12, 2026 at 8:37am

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An extreme close-up of large, industrial machinery and equipment used in energy infrastructure, such as turbines, generators, or storage tanks, conveying a sense of the scale and power of the utility industry.A close-up view of the industrial machinery and equipment that powers Sempra Energy's utility operations, reflecting the company's role in providing critical energy infrastructure.San Diego Today

Cambiar Investors LLC, an investment management firm, reduced its stake in Sempra Energy (NYSE: SRE) by 21.1% in the fourth quarter of 2025, according to a recent SEC filing. The fund now owns 438,255 shares of the utility provider's stock, down from 555,540 shares held previously.

Why it matters

Sempra Energy is a major player in the utility and energy infrastructure space, so changes in institutional ownership can signal broader market sentiment around the company and the sector. This reduction by Cambiar Investors, a respected investment firm, could indicate concerns about Sempra's performance or growth prospects.

The details

According to the SEC filing, Cambiar Investors sold 117,285 shares of Sempra Energy during the fourth quarter. The firm now owns 0.07% of the company's outstanding shares, down from 0.09% previously. Sempra Energy makes up 1.7% of Cambiar's overall investment portfolio, making it the fund's 26th largest holding.

  • Cambiar Investors reduced its Sempra Energy stake in the fourth quarter of 2025.
  • The SEC filing disclosing the changes was published on April 12, 2026.

The players

Cambiar Investors LLC

An investment management firm that reduced its stake in Sempra Energy by over 21% in Q4 2025.

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

This reduction in Sempra Energy holdings by a major institutional investor like Cambiar Investors could signal broader concerns about the utility company's performance or growth outlook, though the specific reasons behind the move are not entirely clear from the limited information provided.