| 1 | Xcel Energy INC Voluntary Employees Benefciary Trust for Active Employ Minneapolis | $237.1M | $237.1M | $62.5M |
| 2 | St. Paul Teachers Retirement Fund Association Saint Paul | $203.4M | $203.4M | $1.4B |
| 3 | St. Paul Electrical Workers Reserve Trust Saint Paul | $117.0M | $17.2M | $220.5M |
| 4 | Freeborn-mower Cooperative Services Albert Lea | $60.8M | $60.3M | $159.2M |
| 5 | Southern Minnesota Energy Cooperative Rushford | $56.6M | $56.6M | $10.7M |
| 6 | 3M Employees Welfare Benefits Association Trust I St. Paul | $51.5M | $51.5M | $81.6M |
| 7 | Xcel Energy INC Veba Trust for Retired Employees Minneapolis | $44.6M | $41.3M | $349.1M |
| 8 | Heartland Health Care Fund Bloomington | $40.4M | $32.7M | $47.4M |
| 9 | Nonprofit Insurance Trust Lakeville | $38.1M | $19.8M | $46.6M |
| 10 | Utility Workers Union of America National Health and Welfare Fund Bloomington | $37.6M | $34.8M | $188.2M |
| 11 | Pipe Trades Services Mn Retiree Health Fund White Bear Lake | $31.8M | $27.8M | $308.5M |
| 12 | Electrical Workers Health & Welfare Fund Bloomington | $30.1M | $22.8M | $22.7M |
| 13 | National Roofers Union & Employers Joint Health & Welfare Fund Bloomington | $23.6M | $15.0M | $35.5M |
| 14 | West Metro Fire Rescue District Firefighters Relief Association Crystal | $19.6M | $1.4M | $14.7M |
| 15 | Benefitsmn Saint Paul | $15.3M | $15.3M | $82K |
| 16 | Cooperative Light and Power Association of Lake County Two Harbors | $15.3M | $15.3M | $36.6M |
| 17 | Educators Benefit Consultants Health Reimbursement Arrangement Cambridge | $14.5M | $14.5M | $58.8M |
| 18 | G O Forward Charitable Tr Saint Paul | $14.4M | $0 | $302.7M |
| 19 | Sheet Metal 10 Safe Plan Tr Maplewood | $13.1M | $4.2M | $21.4M |
| 20 | South Washington County Schools Hra Trust Cottage Grove | $11.0M | $5.6M | $18.4M |
| 21 | Milaca Firefighters Relief Milaca | $9.0M | -$37K | $182K |
| 22 | Union Sponsored Health Benefits Tr for Represented Employees Saint Paul | $7.2M | $3.6M | $13.1M |
| 23 | Interplastic Veba Plan & Tr Saint Paul | $6.3M | $6.3M | $6.3M |
| 24 | Minnesota Credit Union Employee Benefits Plan Tr Saint Paul | $6.3M | $6.3M | $580K |
| 25 | Associated Health Assurance Ltd Robbinsdale | $5.7M | $5.7M | $16.5M |
| 26 | Diocese of St. Cloud Non Erisa Health Benefit Plan Saint Cloud | $5.3M | $5.3M | $1.4M |
| 27 | Mazeppa Firefighters Relief Assoc Mazeppa | $5.3M | $106K | $561K |
| 28 | Independent School District No 15 Veba Health Savings Trust St. Francis | $5.1M | $432K | $4.0M |
| 29 | Blackduck Volunteer Firemans Relief Assoc Blackduck | $4.5M | $33K | $681K |
| 30 | Nashwauk Volunteer Firemens Relief Association Nashwauk | $4.1M | $102K | $483K |
| 31 | Prior Lake Fire Department Firemens Relief and Pension Association Prior Lake | $3.9M | $775K | $5.1M |
| 32 | Chamberhealth Consortium of Minnesota Saint Paul | $3.7M | $3.7M | $431K |
| 33 | Lay Endownent Fund Minneapolis | $3.2M | $587K | $6.8M |
| 34 | Northland Veba Tr Cloquet | $3.1M | $3.1M | $6.1M |
| 35 | Fringe Benefit Plan &trust for Dbra Employees of Central Specialties Alexandria | $2.7M | $2.7M | $3.9M |
| 36 | Al Jazari Institute Minneapolis | $2.3M | $2.3M | $1.6M |
| 37 | Spring Lake Park Schools Veba Trust Spring Lk Pk | $2.3M | $1.2M | $10.0M |
| 38 | Intermediate School District 287 Hra 60 8439 00 Plymouth | $2.3M | $1.1M | $3.7M |
| 39 | Minnesota Commercial Railway Benefit Tr Saint Paul | $2.2M | $2.2M | $137K |
| 40 | Wanamingo Fire Fighters Relief Assoc Wanamingo | $2.0M | $150K | $882K |
| 41 | Retirement Enchancement & Benefits Alternatives Prgrm Vol Empls Bene Minneapolis | $2.0M | $2.0M | $14.6M |
| 42 | Mounds View Public Schools Health Reimbursement Tr Shoreview | $1.9M | $961K | $3.3M |
| 43 | Abhe & Svoboda INC Health and Welfare Trust Jordan | $1.8M | $1.8M | $449K |
| 44 | Henderson Fire Department Relief Association Henderson | $1.8M | $239K | $626K |
| 45 | Knights Fraternal Corporation of Bloomington Bloomington | $1.8M | $1.1M | $441K |
| 46 | IBEW Local 665 Supplemental Unemployment Benefit Fund Bloomington | $1.8M | $1.8M | $3.8M |
| 47 | Sherburne County Health Reimbursement Arrangement Trust Elk River | $1.6M | $1.6M | $3.2M |
| 48 | Wright County Veba Tr Buffalo | $1.5M | $1.5M | $2.5M |
| 49 | Northeast Metro 916 Veba Health Savings Trust White Bear Lk | $1.4M | $678K | $2.5M |
| 50 | Healthcare Industry Resilience Collaborative Assn. Rochester | $1.3M | $1.3M | $685K |