Santa Clara Valley Transportation Authority
Santa Clara Valley Transportation Authority (VTA), headquartered in San Jose, CA, is a public transit agency founded in 1972. It acts as both a transit operator and the congestion management agency for Santa Clara County, offering bus, light rail, and paratransit services. VTA also engages in transportation planning, design, construction of infrastructure projects, and coordinates with regional bodies such as Caltrain and BART to serve the mobility needs of over 1.9 million local residents. It is governed by a 12-member Board of Directors and employs approximately 2,100 people, serving both the public and regional partner agencies.
Investment Strategy
Santa Clara Valley Transportation Authority manages its investment assets conservatively as a public agency, focusing on preservation of capital, liquidity, and maintaining public trust. Its investment strategy primarily prioritizes safety, prudent diversification, and adherence to California public funds investment laws. The majority of funds are invested in U.S. treasuries, government agencies, and high-grade corporate and municipal securities, with limited exposure and strong emphasis on risk management in accordance with governmental fiduciary standards.
Top Holdings
Equity Positions (4)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
I IEMG | ISHARES INC | 34.97% | $36.9M | 614,266 | $57.40 | $60.03 | +$3.7M |
U USHY | ISHARES TR | 21.85% | $23.0M | 614,225 | $37.65 | $37.51 | +$430.0K |
S SHY | ISHARES TR | 21.63% | $22.8M | 275,229 | $83.15 | $82.86 | +$35.8K |
U USIG | ISHARES TR | 21.56% | $22.7M | 441,930 | $52.58 | $51.44 | +$159.1K |