Steve Cohen's Point72 Asset Management has liquidated its entire stake in Sempra (SRE), an estimated $60.06 million trade. The move was revealed in a quarterly disclosure for the period ending June 30, 2026, which reflects trades made sometime in the second quarter. The filing showed the firm sold all 618,060 of its shares.
This exit occurred during a period of positive developments for the energy infrastructure company. In early August, Sempra reported strong second-quarter 2026 financial results, and later in the month, a subsidiary began the permitting process for a major LNG export expansion in Texas. No public comments from Cohen or Point72 regarding the reason for the sale were found.