Calpers Buys $44.7M Qnity Stake, Boosts Nvidia Bet

Calpers Initiates $44.7M Position in Qnity Electronics

The California Public Employees’ Retirement System (Calpers) established a new stake in Qnity Electronics during the fourth quarter, acquiring 358,569 shares. The position in the semiconductor technology firm, which spun off from DuPont de Nemours in November, was worth $44.7 million as of Thursday's close. Calpers' investment follows a 51% rise in Qnity's stock in 2026, propelled by fourth-quarter adjusted earnings that significantly surpassed analyst expectations.

Fund Increases Nvidia Stake to Over $14 Billion

Beyond its new purchase, Calpers bolstered its commitment to established tech leaders. The pension fund increased its holdings in chip designer Nvidia to 76,375,762 shares from 66,062,378 shares. At the time of the securities filing, this substantial stake was valued at more than $14 billion. The fund also increased its holdings in quantum computing company IonQ, lifting its position to 562,839 shares. While a smaller part of its overall portfolio, the IonQ stake was valued at over $25 million at the end of the fourth quarter, representing a vote of confidence in the pure-play quantum firm.