The California Public Employees' Retirement System, known as CalPERS, manages the largest pension fund in the U.S. Its portfolio of stocks, private debt and equity, bonds, real estate, and other investments totals $452.3 billion. And it's responsible for the retirement benefits for nearly 3,000 public employers in the state of California. So, the moves made in the fund portfolio aren't to be taken lightly.

Well, CalPERS just added shares to two of its largest holdings in the third quarter, (NASDAQ: TSLA) and Nvidia (NASDAQ: NVDA). Should you follow in CalPERS footsteps? Or might there be some alternate options from stocks that compete with these two choices and also perform well?

California is known as a leading state in the push toward getting more electric vehicles (EVs) on the road, so it's understandable that it's putting its money where its mouth is.

Continue reading

Source Fool.com