| MAYO CLINIC GROUP RETURN | ROCHESTER | $14,891,458,272 |
| THRIVENT FINANCIAL FOR LUTHERANS | MINNEAPOLIS | $11,798,685,276 |
| MAYO CLINIC | ROCHESTER | $7,929,118,794 |
| UCARE MINNESOTA | MINNEAPOLIS | $7,081,906,710 |
| ALLINA HEALTH SYSTEM | MINNEAPOLIS | $5,929,260,387 |
| FAIRVIEW HEALTH SERVICES | MINNEAPOLIS | $5,326,063,577 |
| HEALTHPARTNERS INC | BLOOMINGTON | $3,178,529,906 |
| HMO MINNESOTA | SAINT PAUL | $3,123,827,747 |
| PARK NICOLLET | ST LOUIS PARK | $2,192,407,935 |
| MEDICA HEALTH PLANS | MINNETONKA | $1,827,807,730 |
| HENNEPIN HEALTHCARE SYSTEM INC | MINNEAPOLIS | $1,709,796,054 |
| GROUP HEALTH INC | BLOOMINGTON | $1,519,002,057 |
| STRATACOR | MINNEAPOLIS | $1,239,267,986 |
| CHILDRENS HEALTH CARE | MINNEAPOLIS | $1,206,394,087 |
| ST CLOUD HOSPITAL | SAINT CLOUD | $1,200,551,712 |
| REGIONS HOSPITAL | BLOOMINGTON | $1,127,937,107 |
| UNIVERSITY OF MINNESOTA PHYSICIANS | MINNEAPOLIS | $1,008,701,283 |
| NORTH MEMORIAL HEALTH CARE | ROBBINSDALE | $998,718,346 |
| SMDC MEDICAL CENTER | DULUTH | $846,313,426 |
| NATIONAL MARROW DONOR PROGRAM | MINNEAPOLIS | $741,231,321 |
| CENTRACARE HEALTH SYSTEM | SAINT CLOUD | $647,886,558 |
| ST MARYS MEDICAL CENTER | DULUTH | $611,421,843 |
| UNIVERSITY OF ST THOMAS | ST PAUL | $602,630,236 |
| ST LUKES HOSPITAL OF DULUTH | DULUTH | $595,826,841 |
| UNIVERSITY OF MINNESOTA FOUNDATION | MINNEAPOLIS | $586,199,341 |
| HEALTHEAST ST JOHNS HOSPITAL | MINNEAPOLIS | $521,847,472 |
| ECMC GROUP INC | MINNEAPOLIS | $501,325,316 |
| DELTA DENTAL OF MINNESOTA | MINNEAPOLIS | $497,053,586 |
| WINGS FINANCIAL CREDIT UNION | APPLE VALLEY | $476,138,898 |
| RIDGEVIEW MEDICAL CENTER | WACONIA | $407,074,551 |
| ESSENTIA HEALTH | DULUTH | $400,833,680 |
| GILLETTE CHILDRENS SPECIALTY HEALTH CARE | SAINT PAUL | $396,594,783 |
| ST OLAF COLLEGE | NORTHFIELD | $333,072,638 |
| MACALESTER COLLEGE | SAINT PAUL | $328,451,827 |
| ST JOSEPH S MEDICAL CENTER | BRAINERD | $320,979,644 |
| CARLETON COLLEGE | NORTHFIELD | $315,082,412 |
| OLMSTED MEDICAL CENTER | ROCHESTER | $304,844,558 |
| MAPLE GROVE HOSPITAL CORPORATION | MAPLE GROVE | $302,585,274 |
| ST PAUL TEACHERS RETIREMENT FUND ASSOCIATION | SAINT PAUL | $301,193,640 |
| INTERNATIONAL OPERATING ENGINEERS UNION 49 HEALTH AND WELFARE FUND | BLOOMINGTON | $291,167,769 |
| BLAZE CREDIT UNION | FALCON HGTS | $267,991,867 |
| EDUCATIONAL CREDIT MANAGEMENT CORPORATION | MINNEAPOLIS | $264,998,856 |
| THRIVENT CHARITABLE IMPACT & INVESTING | MINNEAPOLIS | $264,446,350 |
| CARPENTERS & JOINERS WELFARE FUND | BLOOMINGTON | $261,850,024 |
| WORKERS COMPENSATION REINSURANCE ASSOCIATION | SAINT PAUL | $260,552,944 |
| SCHOLARSHIP AMERICA INC | MINNEAPOLIS | $259,860,246 |
| CONNEXUS ENERGY | RAMSEY | $258,953,092 |
| ST FRANCIS REGIONAL MEDICAL CENTER | MINNEAPOLIS | $239,330,762 |
| DAKOTA ELECTRIC ASSOCIATION | FARMINGTON | $229,998,295 |
| HAZELDEN BETTY FORD FOUNDATION | CENTER CITY | $228,065,016 |
| PARK NICOLLET HEALTH SERVICES | BLOOMINGTON | $226,462,928 |
| BOILERMAKERS NATIONAL HEALTH & WELFARE FUND | BLOOMINGTON | $224,613,531 |
| SAINT PAUL & MINNESOTA FOUNDATION | SAINT PAUL | $210,840,402 |
| MINNESOTA LABORERS HEALTH AND WELFARE FUND | MENDOTA HTS | $199,286,181 |
| MINNEAPOLIS FOUNDATION | MINNEAPOLIS | $192,988,402 |
| SAINT JOHNS UNIVERSITY | COLLEGEVILLE | $177,677,023 |
| YOUNG MENS CHRISTIAN ASSOCIATION OF THE NORTH | MINNEAPOLIS | $173,815,799 |
| EAST CENTRAL ENERGY | BRAHAM | $155,598,325 |
| ANNE RAY FOUNDATION | EDEN PRAIRIE | $153,086,190 |
| GUSTAVUS ADOLPHUS COLLEGE | SAINT PETER | $151,267,734 |
| MAGNIFI FINANCIAL CREDIT UNION | MELROSE | $149,695,408 |
| MCKNIGHT FOUNDATION | MINNEAPOLIS | $106,746,947 |
| MARGARET A CARGILL FOUNDATION | EDEN PRAIRIE | $92,623,926 |
| OTTO BREMER TRUST | SAINT PAUL | $83,679,183 |
| ECMC FOUNDATION | MINNEAPOLIS | $82,572,335 |
| CATHOLIC FINANCIAL LIFE FOUNDATION INC | ARDEN HILLS | $67,560,323 |
| MEMBERS COOPERATIVE CREDIT UNION | DULUTH | $65,178,355 |
| FRED C AND KATHERINE B ANDERSEN FOUNDATION | BAYPORT | $54,405,407 |
| NORTHSTAR EDUCATION FINANCE INC | EDEN PRAIRIE | $51,293,468 |