Jim Cramer’s Recession-Proof Stock Picks

10. Sempra (NYSE:SRE)

No. of Hedge Funds: 47

Sempra (NYSE:SRE) makes it into our list of Jim Cramer’s recession-proof stock picks. One of Jim Cramer’s favorites from earlier this year, the company has announced a final investment decision for Port Arthur LNG Phase 2 and the sale of 45% equity interest in Sempra Infrastructure.

On September 22, 2025, Sempra (NYSE:SRE) announced reaching the final investment decision for Port Arthur LNG Phase 2. It involved adding two trains and a capacity of 13 million tons per annum (Mtpa). With Sempra Infrastructure holding a 50.1% majority share, the estimated capital expenditure stands at $14 billion ($12 billion plus $2 billion shared).

At the same time, the company also reported agreeing to sell 45% equity interest in Sempra Infrastructure Partners to affiliates of KKR (KKR), with the Canada Pension Plan Investment Board. The transaction, valued at approximately $10 billion, is anticipated to improve the company’s equity.

Though Cramer thinks the yield is comparatively low, he backed the stock with a Buy earlier this year.

“I think Sempra is such a buy, I don’t even care that it only yields 3%. I think that, you know, like this is Jeff Martin, he’s bankable, bankable, bankable. I want you to own the stock.”

The company stands tall in our list by commending institutional trust from 47 hedge funds, noted by Insider Monkey as stakeholders in Sempra (NYSE:SRE).

Sempra (NYSE:SRE) is a North American energy infrastructure holding company, formed in 1998. This California-based company is focused on regulated utilities and large-scale infrastructure projects such as electric and natural gas delivery.