TY 2020 Form 990PF

- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

or Section 4947(a)(1) Trust Treated as Private Foundation

Do not enter social security numbers on this form as it may be made public.
bullet

Go to www.irs.gov/Form990PF for instructions and the latest information.

OMB No. 1545-0052

2020

Open to Public Inspection

For calendar year 2020, or tax year beginning 01-01-2020 , and ending 12-31-2020

Name of foundation
JOHN LARSEN FOUNDATION MNG AGY (PLG)

Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 0634
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
MILWAUKEE, WI532010634

A Employer identification number

41-1715465

B Telephone number (see instructions)

(612) 377-9010

C If exemption application is pending, check here bullet

G Check all that apply: Initial returnInitial return of a former public charity
Final returnAmended return
Address change Name change

D 1. Foreign organizations, check here............. bullet

2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet

E If private foundation status was terminated
under section 507(b)(1)(A), check here ....... bullet

H Check type of organization: Section 501(c)(3) exempt private foundation
Section 4947(a)(1) nonexempt charitable trust Other taxable private foundation

F If the foundation is in a 60-month termination
under section 507(b)(1)(B), check here ....... bullet

I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16) bullet

$8,076,803J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

	Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).)	(a) Revenue and expenses per books		(b) Net investment income	(c) Adjusted net income	(d) Disbursements for charitable purposes (cash basis only)


1	Contributions, gifts, grants, etc., received (attach schedule)
2	Check .............
3	Interest on savings and temporary cash investments
4	Dividends and interest from securities...	126,474		125,407
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		525,846
b	Gross sales price for all assets on line 6a 2,605,623
7	Capital gain net income (from Part IV, line 2)...			525,846
8	Net short-term capital gain.........				0
9	Income modifications...........
10a	Gross sales less returns and allowances
b	Less: Cost of goods sold....
c	Gross profit or (loss) (attach schedule).....
11	Other income (attach schedule).......
12	Total. Add lines 1 through 11........	652,320		651,253
13	Compensation of officers, directors, trustees, etc.
14	Other employee salaries and wages......			0	0	0
15	Pension plans, employee benefits.......			0	0
16a	Legal fees (attach schedule).........					0
b	Accounting fees (attach schedule).......		1,500	0	0	1,500
c	Other professional fees (attach schedule)....		55,473	49,926		5,547
17	Interest...............					0
18	Taxes (attach schedule) (see instructions)...		17,755	466		0
19	Depreciation (attach schedule) and depletion...		0	0
20	Occupancy..............
21	Travel, conferences, and meetings.......			0	0
22	Printing and publications..........			0	0
23	Other expenses (attach schedule).......		25			25
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	74,753		50,392	0	7,072
25	Contributions, gifts, grants paid.......	333,025				333,025
26	Total expenses and disbursements. Add lines 24 and 25	407,778		50,392	0	340,097
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	244,542
b	Net investment income (if negative, enter -0-)			600,861
c	Adjusted net income (if negative, enter -0-)...				0

For Paperwork Reduction Act Notice, see instructions.

Cat. No. 11289X Form 990-PF (2020)

Form 990-PF (2020)

Page 2

Part II		Balance Sheets	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............	200	229	229
	2	Savings and temporary cash investments.........	239,945	277,482	277,482
	3	Accounts receivable
		Less: allowance for doubtful accounts		0	0
	4	Pledges receivable
		Less: allowance for doubtful accounts
	5	Grants receivable.................
	6	Receivables due from officers, directors, trustees, and other
		disqualified persons (attach schedule) (see instructions).....
	7	Other notes and loans receivable (attach schedule)
		Less: allowance for doubtful accounts 0
	8	Inventories for sale or use..............
	9	Prepaid expenses and deferred charges..........
	10a	Investments—U.S. and state government obligations (attach schedule)
	b	Investments—corporate stock (attach schedule).......	3,916,957	4,323,878	6,548,024
	c	Investments—corporate bonds (attach schedule).......	1,378,253	1,174,827	1,250,796
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........			0
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )	344	272	272
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	5,535,699	5,776,688	8,076,803
	17	Accounts payable and accrued expenses..........
	18	Grants payable.................
	19	Deferred revenue.................
	20	Loans from officers, directors, trustees, and other disqualified persons
	21	Mortgages and other notes payable (attach schedule)......
	22	Other liabilities (describe )
	23	Total liabilities (add lines 17 through 22).........		0
		Foundations that follow FASB ASC 958, check here
		and complete lines 24, 25, 29 and 30.
	24	Net assets without donor restrictions...........
	25	Net assets with donor restrictions............
		Foundations that do not follow FASB ASC 958, check here
		and complete lines 26 through 30.
	26	Capital stock, trust principal, or current funds........	5,535,699	5,776,688
	27	Paid-in or capital surplus, or land, bldg., and equipment fund
	28	Retained earnings, accumulated income, endowment, or other funds
	29	Total net assets or fund balances (see instructions).....	5,535,699	5,776,688
	30	Total liabilities and net assets/fund balances (see instructions).	5,535,699	5,776,688

Part III

Analysis of Changes in Net Assets or Fund Balances

Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............

5,535,699

Enter amount from Part I, line 27a .....................

244,542

Other increases not included in line 2 (itemize) bullet

Add lines 1, 2, and 3 ..........................

5,780,241

Decreases not included in line 2 (itemize) bullet

3,553

Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .

5,776,688

Form 990-PF (2020)

Page 3

Part IV

Capital Gains and Losses for Tax on Investment Income

(a) List and describe the kind(s) of property sold (e.g., real estate, 2-story brick warehouse; or common stock, 200 shs. MLC Co.)		(b) How acquired P—Purchase D—Donation	(c) Date acquired (mo., day, yr.)	(d) Date sold (mo., day, yr.)
1 a	.75 CALLON PETE CO DEL		2016-07-14	2020-01-02
b	23. BECTON DICKINSON & CO COM			2020-01-09
c	102. CME GROUP INC			2020-01-09
d	103. J P MORGAN CHASE & CO			2020-01-09
e	403. FASTENAL CO			2020-01-10
	54. NVIDIA CORP		2019-10-17	2020-01-10
	75000. CISCO SYSTEMS 4.450% 1/15/20		2010-01-19	2020-01-15
	319. COLUMBIA PROPERTY TRUST INC			2020-01-21
	382. REALTY INCOME CORP		2018-10-03	2020-01-23
	45000. TARGET CORP 3.875% 7/15/20		2010-08-10	2020-01-28
	1. JOY GLOBAL INC COM		1911-11-11	2020-02-03
	151. GRANITE CONSTR INC COM			2020-02-14
	27. GRANITE CONSTR INC COM		2019-05-08	2020-02-14
	49. HORIZON THERAPEUTICS PLC			2020-02-20
	85. PENN NATL GAMING INC COM W/RTS ATTACHED			2020-02-21
	82.25 CALLON PETE CO DEL		2017-09-15	2020-03-02
	134.75 CALLON PETE CO DEL		2019-03-18	2020-03-02
	526. CALLON PETE CO DEL			2020-03-02
	164. NETGEAR INC RESTR			2020-03-10
	37. NETGEAR INC RESTR		2019-04-03	2020-03-10
	252. PROPETRO HLDG CORP			2020-03-16
	33. PROPETRO HLDG CORP		2019-07-02	2020-03-16
	106. DAVE & BUSTERS ENTMT INC			2020-03-17
	74. U.S. CONCRETE INC			2020-03-17
	226. PEBBLEBROOK HOTEL TRUST			2020-03-18
	48. PEBBLEBROOK HOTEL TRUST		2019-04-09	2020-03-18
	166. TIVITY HEALTH INC			2020-03-19
	91. TIVITY HEALTH INC			2020-03-19
	159. TIVITY HEALTH INC			2020-03-19
	.5472 INGERSOLL RAND INC		2017-11-21	2020-03-30
	55000. UNITED TECH CORP 4.500% 4/15/20		2010-04-14	2020-03-30
	110. CABOT CORP COM		2013-10-07	2020-04-21
	51. GLOBAL PAYMENTS INC			2020-04-21
	267. APERGY CORP			2020-04-23
	53. KEYSIGHT TECHNOLOGIES INC		2016-12-13	2020-04-23
	96. AKAMAI TECHNOLOGIES COM		2013-03-12	2020-04-29
	25000. BECTON DICKINSON 3.125% 11/08/21		2012-05-09	2020-05-06
	75. LUMINEX CORP DEL			2020-05-08
	73. ALLERGAN PLC		2017-11-02	2020-05-08
	35. ALLERGAN PLC		2017-11-21	2020-05-08
	57. ALLERGAN PLC		2019-01-18	2020-05-08
	55. ALLERGAN PLC		2019-03-22	2020-05-08
	55. HORIZON THERAPEUTICS PLC		2018-10-26	2020-05-08
	.52 ABBVIE INC		2020-05-08	2020-05-19
	1. THORATEC CORPORATION		1911-11-11	2020-05-19
	26. HEALTHEQUITY INC		2019-09-09	2020-05-20
	38. NEOGENOMICS INC		2019-05-07	2020-05-20
	32. HORIZON THERAPEUTICS PLC			2020-05-20
	494. ALLEGHENY TECHNOLOGIES INC COM			2020-05-28
	18. GLOBAL PAYMENTS INC		2013-03-12	2020-06-01
	7. INTERCONTINENTAL EXCHANGE IN		2013-03-12	2020-06-01
	252. BORG-WARNER AUTOMOTIVE INC COM			2020-06-11
	17. INTUIT INC COMMON STOCK		2013-03-12	2020-06-11
	14. SYNOPSYS INC COM		2013-03-12	2020-06-30
	133. A A R CORP			2020-07-09
	88. AMN HEALTHCARE SERVICES INC			2020-07-09
	46. ASGN INC		2019-11-07	2020-07-09
	10. ASGN INC		2017-06-05	2020-07-09
	35. ALPHABET INC CL A			2020-07-09
	23. ALPHABET INC CL A		2019-07-30	2020-07-09
	177. AMERIS BANCORP			2020-07-09
	337. APPLE COMPUTER INC COM			2020-07-09
	162. ARCOSA INC		2019-12-09	2020-07-09
	69. ASBURY AUTOMOTIVE GROUP			2020-07-09
	70. ATLAS AIR INC		2020-02-24	2020-07-09
	162. ATLAS AIR INC			2020-07-09
	79. BEACON ROOFING SUPPLY INC		2020-02-21	2020-07-09
	141. BEACON ROOFING SUPPLY INC			2020-07-09
	183. BLUCORA INC			2020-07-09
	150. BOISE CASCADE CO			2020-07-09
	6. BOOKING HOLDINGS INC		2019-11-13	2020-07-09
	30. BOOKING HOLDINGS INC		2013-03-12	2020-07-09
	103. BOYD GAMING CORP COM		2019-09-17	2020-07-09
	302. BOYD GAMING CORP COM			2020-07-09
	456. BRISTOL MEYER SQUIBB			2020-07-09
	258. BRISTOL MYERS SQUIBB RT 3/31/21		2019-11-20	2020-07-09
	392. BUILDERS FIRSTSOURCE INC			2020-07-09
	234. CDW CORP DE			2020-07-09
	39. CACI INTERNATIONAL INC CL A			2020-07-09
	418. CALLAWAY GOLF CO			2020-07-09
	96. CANTEL MEDICAL CORP			2020-07-09
	164. CIENA CORPORATION NEW			2020-07-09
	27. CIENA CORPORATION NEW		2019-07-12	2020-07-09
	15. COMMVAULT SYSTEMS INC		2019-07-31	2020-07-09
	163. COMMVAULT SYSTEMS INC			2020-07-09
	236. COPART INC COM		2019-12-02	2020-07-09
	129. DELEK HOLDCO INC			2020-07-09
	174. DIODES INC			2020-07-09
	95. DYCOM INDUSTRIES INC			2020-07-09
	99. ELECTRONIC ARTS COM		2019-05-15	2020-07-09
	95. EMCOR GROUP INC			2020-07-09
	195. ENERGIZER HLDGS INC			2020-07-09
	162. ENTEGRIS INC			2020-07-09
	68. EVERCORE PARTNERS INC			2020-07-09
	42. EVERCORE PARTNERS INC			2020-07-09
	550. EVOLENT HEALTH INC A			2020-07-09
	708. FNB CORP			2020-07-09
	149. FNB CORP		2019-10-24	2020-07-09
	445. FACEBOOK INC A			2020-07-09
	971. FASTENAL CO			2020-07-09
	415. FERRO CORPORATION			2020-07-09
	499. FIREEYE INC			2020-07-09
	53. FIREEYE INC		2019-07-30	2020-07-09
	540.816 FIRST HORIZON NATIONAL CORP			2020-07-09
	119.184 FIRST HORIZON NATIONAL CORP		2019-09-17	2020-07-09
	237. FIRST MIDWEST BANCORP INC DEL			2020-07-09
	67. FIRST MIDWEST BANCORP INC DEL		2019-07-24	2020-07-09
	68. FLEETCOR TECHNOLOGIES INC		2019-10-17	2020-07-09
	486. GRAPHIC PACKAGING HLDG CO			2020-07-09
	198. HANCOCK HLDG CO			2020-07-09
	244. HANNON ARMSTRONG SUSTAINABLE			2020-07-09
	28. HEALTHEQUITY INC			2020-07-09
	143. HILLENBRAND INC			2020-07-09
	114. HILLENBRAND INC		2019-09-19	2020-07-09
	173. HOSTESS BRANDS INC			2020-07-09
	363. HOSTESS BRANDS INC			2020-07-09
	30. ICU MEDICAL INC COM			2020-07-09
	94. J2 GLOBAL INC			2020-07-09
	277. KEYSIGHT TECHNOLOGIES INC		2020-01-10	2020-07-09
	54. LCI INDUSTRIES			2020-07-09
	576. LEXINGTON REALTY TRUST		2019-12-13	2020-07-09
	103. LUMINEX CORP DEL			2020-07-09
	114. MASONITE INTERNATIONAL CORP			2020-07-09
	146. MASTEC INC			2020-07-09
	240. MATADOR RESOURCES CO			2020-07-09
	70. MERCURY COMPUTER SYS INC			2020-07-09
	102. MERIT MEDICAL SYSTEMS INC COM			2020-07-09
	89. MERIT MEDICAL SYSTEMS INC COM		2020-03-09	2020-07-09
	188. MOTOROLA SOLUTIONS INC		2019-05-23	2020-07-09
	57. MOTOROLA SOLUTIONS INC			2020-07-09
	99. NEOGEN CORP			2020-07-09
	188. NEOGENOMICS INC			2020-07-09
	46. NEXSTAR BROADCASTING GROUP A			2020-07-09
	61. NEXSTAR BROADCASTING GROUP A			2020-07-09
	142. NVIDIA CORP			2020-07-09
	101. NUVASIVE INC			2020-07-09
	42. ORMAT TECHNOLOGIES INC			2020-07-09
	76. OTTER TAIL CORP		2020-02-21	2020-07-09
	337. OUTFRONT MEDIA INC			2020-07-09
	64. OXFORD INDUSTRIES INC			2020-07-09
	24. OXFORD INDUSTRIES INC		2019-11-14	2020-07-09
	69. PACIRA PHARMACEUTICALS INC		2020-06-01	2020-07-09
	146. PAYPAL HOLDINGS INC			2020-07-09
	315. PENN NATL GAMING INC COM W/RTS ATTACHED			2020-07-09
	150. PORTLAND GENERAL ELECTRIC COMPANY			2020-07-09
	146. PRESTIGE BRANDS HLDGS INC			2020-07-09
	719. R1 RCM INC			2020-07-09
	385. RADIAN GROUP INC			2020-07-09
	331. REXNORD CORP			2020-07-09
	275. ROSS STORES INC COM			2020-07-09
	98. S P GLOBAL INC			2020-07-09
	126. SPS COMMERCE INC			2020-07-09
	125. SILGAN HLDGS INC		2020-04-07	2020-07-09
	244. SIMMONS 1ST NATIONAL CORP CL A			2020-07-09
	97. STAG INDUSTRIAL INC		2020-06-04	2020-07-09
	14. STARBUCKS CORP COM		2019-07-30	2020-07-09
	507. STARBUCKS CORP COM			2020-07-09
	224. SUPERNUS PHARMACEUTICALS INC			2020-07-09
	125. SYNEOS HEALTH INC			2020-07-09
	149. TCF FINANCIAL CORP			2020-07-09
	82. TCF FINANCIAL CORP		2019-08-26	2020-07-09
	396. TRI POINTE GROUP INC			2020-07-09
	407. TTM TECHNOLOGIES			2020-07-09
	253. TTM TECHNOLOGIES			2020-07-09
	145. TIMKEN CO			2020-07-09
	82. TRACTOR SUPPLY CO COM		2019-10-17	2020-07-09
	580. TRACTOR SUPPLY CO COM			2020-07-09
	200. II-VI INC			2020-07-09
	402. UMPQUA HOLDINGS CORP COM			2020-07-09
	78. UMPQUA HOLDINGS CORP COM		2019-07-23	2020-07-09
	219. UNITED COMMUNITY BANKS INC			2020-07-09
	162. VERINT SYS INC COM			2020-07-09
	423. VISA INC			2020-07-09
	18. VISA INC			2020-07-09
	249. VOCERA COMMUNICATIONS INC			2020-07-09
	819. VONAGE HLDGS CORP			2020-07-09
	131. WESCO INTL INC		2020-02-05	2020-07-09
	167. WESTERN ALLIANCE BANCORPORATION			2020-07-09
	74. WESTERN ALLIANCE BANCORPORATION		2019-09-09	2020-07-09
	18. HELEN OF TROY LTD			2020-07-09
	238. HORIZON THERAPEUTICS PLC			2020-07-09
	414. ALCON INC		2019-06-25	2020-07-09
	169. ALCON INC		2019-08-30	2020-07-09
	102. AMPHENOL CORP NEW CL A		2020-07-09	2020-07-10
	125. ATLANTIC UNION BANKSHARES CO		2020-07-09	2020-07-10
	188. HILTON GRAND VACATIONS		2020-07-09	2020-07-10
	17.00015 HUDSON PACIFIC PROPERTIES INC		2017-04-25	2020-07-10
	71.99985 HUDSON PACIFIC PROPERTIES INC			2020-07-10
	114. KENNAMETAL INC		2020-07-09	2020-07-10
	128. ESSENT GROUP LTD		2020-07-09	2020-07-10
	.096 FIRST HORIZON NATIONAL CORP		2018-10-12	2020-07-14
	9. CABOT MICROELECTRONICS CORP COM		2020-07-09	2020-07-20
	14. SILICON LABORATORIES INC		2020-07-09	2020-07-20
	50. ALLETE INC		2020-07-09	2020-07-21
	50. ACADIA PHARMACEUTICALS INC		2020-07-09	2020-07-23
	14. AMERICOLD REALTY TRUST		2019-05-09	2020-07-28
	32. HEXCEL CORP NEW		2020-07-09	2020-07-28
	18. SBA COMMUNICATIONS CORP		2019-12-30	2020-07-28
	96. TJX COS INC NEW COM		2013-03-12	2020-07-28
	23. ALLETE INC		2020-07-09	2020-08-04
	164. ANTHEM INC			2020-08-05
	8. ASCENDIS PHARMA A S A D R		2020-07-09	2020-08-05
	171. BECTON DICKINSON & CO COM			2020-08-05
	48. CORELOGIC INC		2020-07-09	2020-08-05
	386. MARSH & MCLENNAN COS INC COM			2020-08-05
	780. MONDELEZ INTERNATIONAL W I			2020-08-05
	547. WEC ENERGY GROUP INC			2020-08-05
	18. ASCENDIS PHARMA A S A D R		2020-07-09	2020-08-06
	28. AUTODESK INC		2013-03-12	2020-08-06
	60. CORELOGIC INC		2020-07-09	2020-08-06
	723. DIAMONDROCK HOSPITALITY CO		2020-07-09	2020-08-06
	100. IAA SPINCO INC		2020-07-09	2020-08-06
	15. INTUIT INC COMMON STOCK		2013-03-12	2020-08-07
	11. LHC GROUP INC		2020-07-09	2020-08-10
	56. TERRENO REALTY CORP			2020-08-10
	40. GLOBUS MED INCA		2020-07-09	2020-08-12
	52. GLOBUS MED INCA		2020-07-09	2020-08-12
	3. LHC GROUP INC		2020-07-09	2020-08-12
	27. DANAHER CORP COM		2020-07-09	2020-08-17
	20. ZOETIS INC		2020-07-09	2020-08-17
	57. MOMENTA PHARMACEUTICALS INC		2020-07-09	2020-08-20
	85. HEXCEL CORP NEW		2020-07-09	2020-08-21
	121. COLUMBIA BKG SYS INC		2020-07-09	2020-09-03
	198. AMPHENOL CORP NEW CL A		2020-07-09	2020-09-09
	51. HUDSON PACIFIC PROPERTIES INC			2020-09-15
	30. SEMTECH CORP COM		2020-07-09	2020-09-15
	68. US ECOLOGY INC		2020-07-09	2020-09-15
	138. NOMAD FOODS LTD		2020-07-09	2020-09-15
	95. INGEVITY CORP			2020-09-16
	89. WINNEBAGO INDS INC		2020-07-09	2020-09-16
	41. ILLUMINA INC COM		2020-07-09	2020-09-17
	1. AMAZON COM INC COM		2020-07-09	2020-09-18
	135. CRANE CO		2020-07-09	2020-09-18
	60. ILLUMINA INC COM			2020-09-18
	9. REATA PHARMACEUTICALS INC		2020-07-09	2020-09-28
	115. HUDSON PACIFIC PROPERTIES INC			2020-09-30
	19. ONTRAK INC COM		2020-08-21	2020-09-30
	11. SCHRODINGER INC		2020-07-10	2020-09-30
	37. MYOKARDIA INC			2020-10-05
	145. GENPACT LIMITED		2020-07-09	2020-10-07
	99. NOMAD FOODS LTD		2020-07-09	2020-10-12
	208. VONTIER CORPORATION COM		2020-07-09	2020-10-15
	120. NOMAD FOODS LTD		2020-07-09	2020-10-15
	87. FORWARD AIR CORP		2020-07-09	2020-10-16
	48. IGM BIOSCIENCES INC			2020-10-16
	2. AMAZON COM INC COM		2020-07-09	2020-10-19
	10. COSTCO WHSL CORP NEW COM		2020-07-09	2020-10-19
	8. LULULEMON ATHLETICA INC		2020-07-09	2020-10-19
	81. GENPACT LIMITED		2020-07-09	2020-10-19
	30. CHESAPEAKE UTILS CORP		2020-07-09	2020-10-20
	109. SOUTH JERSEY INDUSTRIES			2020-10-20
	153. US ECOLOGY INC		2020-07-09	2020-10-20
	7. LULULEMON ATHLETICA INC		2020-07-09	2020-10-21
	37. UNIFIRST CORP MASS		2020-07-09	2020-10-23
	47. ESPERION THERAPEUTICS INC		2020-07-09	2020-11-02
	15.99996 SYNAPTICS INC		2020-08-06	2020-11-02
	20.00004 SYNAPTICS INC			2020-11-02
	.8 VONTIER CORPORATION COM		2020-07-09	2020-11-02
	55. ENERSYS			2020-11-03
	93. GENPACT LIMITED		2020-07-09	2020-11-04
	163. PARSONS CORP		2020-07-09	2020-11-05
	164. REALREAL INC THE			2020-11-10
	12. CHESAPEAKE UTILS CORP		2020-07-09	2020-11-16
	14. DECKERS OUTDOOR CORP			2020-11-16
	20. EHEALTH INC		2020-07-09	2020-11-16
	22. PAYPAL HOLDINGS INC			2020-11-16
	37. QTS REALTY TRUST INC CL A			2020-11-16
	21. WALKER & DUNLOP INC		2020-07-09	2020-11-16
	11. CHESAPEAKE UTILS CORP		2020-07-09	2020-11-18
	88. TRIUMPH BANCORP INC		2020-07-09	2020-11-18
	12. CHESAPEAKE UTILS CORP		2020-07-09	2020-11-19
	5. MESA LABS INC		2020-07-09	2020-11-19
	12. CHESAPEAKE UTILS CORP		2020-07-09	2020-11-20
	240. EATON VANCE CORP		2013-03-12	2020-11-20
	91. EATON VANCE CORP		2020-08-27	2020-11-20
	28. FRONTDOOR INC		2020-07-09	2020-11-20
	32. INTUIT INC COMMON STOCK		2013-03-12	2020-11-20
	54. STIFEL FINANCIAL CORP		2020-07-09	2020-11-20
	21. CHESAPEAKE UTILS CORP		2020-07-09	2020-11-23
	41. ICF INTL INC		2020-07-09	2020-11-23
	12. LANCASTER COLONY CORP		2020-07-09	2020-11-23
	36. ELECTRONIC ARTS COM		2020-07-10	2020-11-25
	24. ICF INTL INC		2020-07-09	2020-11-25
	3. MESA LABS INC		2020-07-09	2020-11-25
	8. THERMO ELECTRON CORP COM		2020-07-09	2020-11-25
	20. WALKER & DUNLOP INC		2020-07-09	2020-11-25
	60. WORKHORSE GROUP INC		2020-08-21	2020-11-25
	29. ICF INTL INC		2020-07-09	2020-12-01
	21. CERENCE INC		2020-07-09	2020-12-02
	54. K B HOME		2020-08-10	2020-12-03
	118. PLUG POWER INC			2020-12-03
	49. SALESFORCE COM INC		2020-07-09	2020-12-03
	37. TPI COMPOSITES INC		2020-08-06	2020-12-03
	26. SIMPSON MFG CO INC		2020-10-20	2020-12-04
	169. REALREAL INC THE		2020-09-16	2020-12-04
	21. INSTALLED BLDG PRODS INC		2020-09-18	2020-12-07
	49. SALESFORCE COM INC		2020-07-09	2020-12-07
	17. WALKER & DUNLOP INC		2020-07-09	2020-12-07
	122. AUTODESK INC		2013-03-12	2020-12-08
	36. EAGLE MATERIALS INC		2020-07-09	2020-12-10
	13. KARUNA THERAPEUTICS INC		2020-07-09	2020-12-10
	21. MARRIOTT VACATIONS WORLD		2020-07-09	2020-12-10
	33. SALESFORCE COM INC		2020-07-09	2020-12-10
	48. SALESFORCE COM INC		2020-07-09	2020-12-15
	7. CMC MATLS INC		2020-07-09	2020-12-16
	27. PAYPAL HOLDINGS INC		2017-02-24	2020-12-23
	95. GENPACT LIMITED		2020-07-09	2020-12-23
	29. SOUTHWEST GAS CORP		2020-07-09	2020-12-24
	67. SOUTHWEST GAS CORP		2020-07-09	2020-12-28
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P
	CAPITAL GAIN DIVIDENDS	P

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	4	14	-10
b	6,288	4,034	2,254
c	21,336	18,347	2,989
d	14,156	7,162	6,994
e	14,600	10,039	4,561
	13,187	10,478	2,709
	75,000	73,988	1,012
	7,084	6,592	492
	29,539	21,347	8,192
	45,451	45,559	-108
	33		33
	4,226	6,775	-2,549
	756	1,220	-464
	1,751	884	867
	3,194	2,977	217
	171	662	-491
	280	951	-671
	1,094	6,043	-4,949
	3,030	5,269	-2,239
	684	1,284	-600
	595	3,903	-3,308
	78	680	-602
	736	5,427	-4,691
	819	3,241	-2,422
	1,588	6,774	-5,186
	337	1,504	-1,167
	493	4,580	-4,087
	271	1,582	-1,311
	473	6,018	-5,545
	12	12
	55,110	55,221	-111
	3,131	4,749	-1,618
	7,248	2,555	4,693
	2,262	8,880	-6,618
	5,084	1,972	3,112
	9,329	3,360	5,969
	25,523	25,383	140
	2,533	2,227	306
	14,064	12,978	1,086
	6,743	5,994	749
	10,982	9,016	1,966
	10,596	8,289	2,307
	2,349	974	1,375
	48	43	5
	31		31
	1,485	1,499	-14
	1,067	882	185
	1,519	407	1,112
	4,432	12,048	-7,616
	3,254	431	2,823
	682	222	460
	8,457	10,563	-2,106
	4,928	1,129	3,799
	2,675	493	2,182
	2,373	5,682	-3,309
	3,689	2,041	1,648
	2,897	3,145	-248
	630	534	96
	53,119	15,216	37,903
	34,907	28,303	6,604
	3,571	6,995	-3,424
	128,822	16,100	112,722
	6,079	6,533	-454
	6,095	5,650	445
	3,235	2,008	1,227
	7,486	8,871	-1,385
	1,986	2,692	-706
	3,545	7,063	-3,518
	2,015	4,421	-2,406
	5,523	4,499	1,024
	10,033	11,231	-1,198
	50,166	21,522	28,644
	1,892	2,766	-874
	5,548	6,751	-1,203
	26,461	25,902	559
	831	550	281
	7,663	4,523	3,140
	26,280	28,662	-2,382
	7,581	5,143	2,438
	6,897	6,196	701
	4,128	7,153	-3,025
	9,192	6,415	2,777
	1,513	1,202	311
	565	707	-142
	6,139	9,795	-3,656
	19,639	20,697	-1,058
	2,074	4,037	-1,963
	8,660	5,620	3,040
	3,540	7,893	-4,353
	13,739	9,563	4,176
	5,629	5,471	158
	9,321	8,843	478
	9,878	2,648	7,230
	3,648	5,228	-1,580
	2,253	3,539	-1,286
	4,348	7,467	-3,119
	4,683	9,241	-4,558
	986	1,812	-826
	108,781	68,014	40,767
	41,839	23,424	18,415
	4,469	8,384	-3,915
	6,454	8,585	-2,131
	686	866	-180
	4,505	9,936	-5,431
	993	1,980	-987
	2,780	6,065	-3,285
	786	1,375	-589
	17,265	20,050	-2,785
	6,643	4,511	2,132
	3,534	7,544	-4,010
	7,282	5,339	1,943
	1,568	2,339	-771
	3,583	5,734	-2,151
	2,856	3,578	-722
	2,011	2,424	-413
	4,220	4,233	-13
	5,419	5,107	312
	5,440	5,184	256
	27,589	27,780	-191
	5,721	4,249	1,472
	5,927	6,099	-172
	3,430	2,793	637
	9,281	7,324	1,957
	5,406	5,588	-182
	1,759	7,197	-5,438
	5,158	2,320	2,838
	4,386	4,157	229
	3,827	3,293	534
	24,604	28,330	-3,726
	7,460	9,402	-1,942
	7,654	6,435	1,219
	6,829	4,086	2,743
	3,485	4,397	-912
	4,621	4,121	500
	59,698	25,435	34,263
	5,391	5,951	-560
	2,650	2,509	141
	2,829	4,262	-1,433
	4,410	6,851	-2,441
	2,710	4,172	-1,462
	1,016	1,732	-716
	3,951	3,108	843
	26,645	10,796	15,849
	9,399	8,983	416
	6,087	8,246	-2,159
	5,173	5,064	109
	9,027	7,686	1,341
	5,072	5,917	-845
	9,136	9,822	-686
	23,294	18,962	4,332
	34,461	25,998	8,463
	9,443	6,702	2,741
	4,059	3,799	260
	3,645	5,929	-2,284
	2,790	2,661	129
	1,026	1,358	-332
	37,171	36,490	681
	5,314	7,325	-2,011
	7,005	6,019	986
	3,900	5,141	-1,241
	2,146	3,018	-872
	5,797	4,961	836
	4,644	6,817	-2,173
	2,887	3,214	-327
	6,344	7,145	-801
	11,272	7,629	3,643
	79,726	36,443	43,283
	8,803	7,350	1,453
	3,942	7,146	-3,204
	765	1,316	-551
	3,733	5,987	-2,254
	7,001	6,828	173
	81,118	28,330	52,788
	3,452	3,250	202
	5,075	9,110	-4,035
	9,234	8,670	564
	4,580	6,543	-1,963
	5,589	4,043	1,546
	2,477	3,353	-876
	3,665	1,882	1,783
	13,775	2,591	11,184
	23,556	24,394	-838
	9,616	10,345	-729
	9,563	9,665	-102
	2,465	2,443	22
	3,721	3,736	-15
	404	585	-181
	1,713	2,493	-780
	2,939	2,917	22
	4,037	4,037
	1	2	-1
	1,269	1,218	51
	1,455	1,432	23
	2,933	2,819	114
	2,193	2,809	-616
	550	423	127
	1,374	1,340	34
	5,535	4,299	1,236
	4,990	2,143	2,847
	1,374	1,297	77
	44,839	46,274	-1,435
	1,185	1,129	56
	48,283	33,001	15,282
	3,256	3,248	8
	45,459	21,142	24,317
	43,317	33,004	10,313
	51,706	27,076	24,630
	2,634	2,540	94
	6,741	1,124	5,617
	4,040	4,061	-21
	3,486	3,604	-118
	4,659	3,812	847
	4,669	996	3,673
	2,212	1,975	237
	3,358	3,027	331
	2,169	1,815	354
	2,809	2,359	450
	585	539	46
	5,561	5,013	548
	3,163	2,745	418
	2,968	1,912	1,056
	3,342	3,558	-216
	3,317	3,100	217
	21,135	18,761	2,374
	1,250	1,753	-503
	1,705	1,623	82
	2,340	2,074	266
	3,526	2,892	634
	5,391	5,197	194
	4,260	5,182	-922
	12,353	15,265	-2,912
	3,008	3,178	-170
	7,200	7,272	-72
	17,970	22,125	-4,155
	813	1,413	-600
	2,529	3,827	-1,298
	1,157	1,251	-94
	539	1,047	-508
	8,146	3,790	4,356
	5,597	5,080	517
	2,585	2,075	510
	5,676	5,206	470
	3,081	2,515	566
	5,421	4,059	1,362
	3,602	3,331	271
	6,472	6,356	116
	3,791	3,269	522
	2,766	2,523	243
	3,068	2,838	230
	2,614	2,459	155
	2,135	2,464	-329
	5,110	4,666	444
	2,309	2,207	102
	6,305	6,220	85
	1,363	2,408	-1,045
	1,195	1,436	-241
	1,494	1,738	-244
	24	20	4
	4,062	4,053	9
	3,481	3,258	223
	4,982	5,465	-483
	2,313	2,686	-373
	1,300	984	316
	3,484	2,846	638
	1,477	2,147	-670
	4,184	1,979	2,205
	2,300	2,425	-125
	1,693	965	728
	1,163	902	261
	4,165	1,882	2,283
	1,248	984	264
	1,371	1,105	266
	1,262	984	278
	15,756	9,542	6,214
	5,974	3,823	2,151
	1,287	1,235	52
	11,154	2,124	9,030
	3,654	2,436	1,218
	2,186	1,721	465
	3,044	2,477	567
	2,069	1,841	228
	4,372	4,999	-627
	1,802	1,450	352
	805	663	142
	3,549	3,106	443
	1,621	919	702
	1,628	968	660
	2,104	1,752	352
	1,809	848	961
	1,821	1,968	-147
	2,887	1,445	1,442
	10,805	9,791	1,014
	1,666	1,050	616
	2,355	2,486	-131
	2,455	2,766	-311
	1,995	2,023	-28
	11,184	9,791	1,393
	1,368	781	587
	34,382	4,896	29,486
	3,430	2,508	922
	1,231	1,277	-46
	2,816	1,683	1,133
	7,321	6,594	727
	10,595	9,592	1,003
	1,035	947	88
	6,453	1,152	5,301
	3,964	3,328	636
	1,724	1,934	-210
	4,012	4,468	-456
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413
			1,413

Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69			(l) Gains (Col. (h) gain minus col. (k), but not less than -0-) or Losses (from col.(h))
(i) F.M.V. as of 12/31/69	(j) Adjusted basis as of 12/31/69	(k) Excess of col. (i) over col. (j), if any
a			-10
b			2,254
c			2,989
d			6,994
e			4,561
			2,709
			1,012
			492
			8,192
			-108
			33
			-2,549
			-464
			867
			217
			-491
			-671
			-4,949
			-2,239
			-600
			-3,308
			-602
			-4,691
			-2,422
			-5,186
			-1,167
			-4,087
			-1,311
			-5,545

			-111
			-1,618
			4,693
			-6,618
			3,112
			5,969
			140
			306
			1,086
			749
			1,966
			2,307
			1,375
			5
			31
			-14
			185
			1,112
			-7,616
			2,823
			460
			-2,106
			3,799
			2,182
			-3,309
			1,648
			-248
			96
			37,903
			6,604
			-3,424
			112,722
			-454
			445
			1,227
			-1,385
			-706
			-3,518
			-2,406
			1,024
			-1,198
			28,644
			-874
			-1,203
			559
			281
			3,140
			-2,382
			2,438
			701
			-3,025
			2,777
			311
			-142
			-3,656
			-1,058
			-1,963
			3,040
			-4,353
			4,176
			158
			478
			7,230
			-1,580
			-1,286
			-3,119
			-4,558
			-826
			40,767
			18,415
			-3,915
			-2,131
			-180
			-5,431
			-987
			-3,285
			-589
			-2,785
			2,132
			-4,010
			1,943
			-771
			-2,151
			-722
			-413
			-13
			312
			256
			-191
			1,472
			-172
			637
			1,957
			-182
			-5,438
			2,838
			229
			534
			-3,726
			-1,942
			1,219
			2,743
			-912
			500
			34,263
			-560
			141
			-1,433
			-2,441
			-1,462
			-716
			843
			15,849
			416
			-2,159
			109
			1,341
			-845
			-686
			4,332
			8,463
			2,741
			260
			-2,284
			129
			-332
			681
			-2,011
			986
			-1,241
			-872
			836
			-2,173
			-327
			-801
			3,643
			43,283
			1,453
			-3,204
			-551
			-2,254
			173
			52,788
			202
			-4,035
			564
			-1,963
			1,546
			-876
			1,783
			11,184
			-838
			-729
			-102
			22
			-15
			-181
			-780
			22

			-1
			51
			23
			114
			-616
			127
			34
			1,236
			2,847
			77
			-1,435
			56
			15,282
			8
			24,317
			10,313
			24,630
			94
			5,617
			-21
			-118
			847
			3,673
			237
			331
			354
			450
			46
			548
			418
			1,056
			-216
			217
			2,374
			-503
			82
			266
			634
			194
			-922
			-2,912
			-170
			-72
			-4,155
			-600
			-1,298
			-94
			-508
			4,356
			517
			510
			470
			566
			1,362
			271
			116
			522
			243
			230
			155
			-329
			444
			102
			85
			-1,045
			-241
			-244
			4
			9
			223
			-483
			-373
			316
			638
			-670
			2,205
			-125
			728
			261
			2,283
			264
			266
			278
			6,214
			2,151
			52
			9,030
			1,218
			465
			567
			228
			-627
			352
			142
			443
			702
			660
			352
			961
			-147
			1,442
			1,014
			616
			-131
			-311
			-28
			1,393
			587
			29,486
			922
			-46
			1,133
			727
			1,003
			88
			5,301
			636
			-210
			-456

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	525,846
3	Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
	If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0- in Part I, line 8 ...................		3

Part V

Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income

SECTION 4940(e) REPEALED ON DECEMBER 20, 2019 - DO NOT COMPLETE

1 Reserved

(a) Reserved	(b) Reserved	(c) Reserved	(d) Reserved

Reserved...........................

Reserved,..........................

Form 990-PF (2020)

Page 4

Part VI

Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)

1a	Exempt operating foundations described in section 4940(d)(2), check here and enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)
b	Reserved................................	1	8,352
c	All other domestic foundations enter 1.39% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2	Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	2	0
3	Add lines 1 and 2...........................	3	8,352
4	Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	4	0
5	Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- .....	5	8,352
6	Credits/Payments:

a	2020 estimated tax payments and 2019 overpayment credited to 2020	6a	10,588
b	Exempt foreign organizations—tax withheld at source......	6b	0
c	Tax paid with application for extension of time to file (Form 8868)...	6c	0
d	Backup withholding erroneously withheld ...........	6d

7	Total credits and payments. Add lines 6a through 6d..............		7	10,588
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached.		8	0
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10	2,236
11	Enter the amount of line 10 to be: Credited to 2021 estimated tax2,236	Refunded	11	0

Part VII-A

Statements Regarding Activities

During the tax year, did the foundation attempt to influence any national, state, or local legislation or did

Yes

it participate or intervene in any political campaign? ....................

Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions

for the definition.................................

If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials

published or distributed by the foundation in connection with the activities.

Did the foundation file Form 1120-POL for this year?.....................

Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:

(1) On the foundation. bullet

$ (2) On foundation managers. bullet

Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed

on foundation managers. bullet

Has the foundation engaged in any activities that have not previously been reported to the IRS?.......

If "Yes," attach a detailed description of the activities.

Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles

of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....

Did the foundation have unrelated business gross income of $1,000 or more during the year?........

If "Yes," has it filed a tax return on Form 990-T for this year?...................

Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........

If "Yes," attach the statement required by General Instruction T.

Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:

By language in the governing instrument, or

By state legislation that effectively amends the governing instrument so that no mandatory directions

that conflict with the state law remain in the governing instrument?................

Yes

Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),

and Part XV..................................

Yes

Enter the states to which the foundation reports or with which it is registered (see instructions)

If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney

General (or designate) of each state as required by General Instruction G? If "No," attach explanation .

Yes

Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)

or 4942(j)(5) for calendar year 2020 or the taxable year beginning in 2020? See the instructions for Part XIV.

If "Yes," complete Part XIV .............................

Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names

and addresses. ...............................

Form 990-PF (2020)

Page 5

Part VII-A

Statements Regarding Activities (continued)

At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the

meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............

Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had

advisory privileges? If "Yes," attach statement. See instructions.................

Did the foundation comply with the public inspection requirements for its annual returns and exemption application?

Yes

Website address bullet

JOHNLARSENFOUNDATION.ORG

The books are in care of bullet

JOHN E LARSEN, C/O US BANK NATL ASS Telephone no. bullet

(855) 452-4091

Located at bullet

101 E 5TH STREETST PAULMN ZIP+4 bullet

551640713

Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here ......... bullet

and enter the amount of tax-exempt interest received or accrued during the year ........ bullet

16 At any time during calendar year 2020, did the foundation have an interest in or a signature or other authority over YesNo

a bank, securities, or other financial account in a foreign country? .................

16 No

See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country bullet

Part VII-B

Statements Regarding Activities for Which Form 4720 May Be Required

File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.

Yes

During the year did the foundation (either directly or indirectly):

(1) Engage in the sale or exchange, or leasing of property with a disqualified person? YesNo

(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)

a disqualified person?......................YesNo

(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? YesNo

(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? YesNo

(5) Transfer any income or assets to a disqualified person (or make any of either available

for the benefit or use of a disqualified person)?...............YesNo

(6) Agree to pay money or property to a government official? (Exception. Check "No"

if the foundation agreed to make a grant to or to employ the official for a period

after termination of government service, if terminating within 90 days.).......YesNo

If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations

section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ........

Organizations relying on a current notice regarding disaster assistance check here........ bullet

Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,

that were not corrected before the first day of the tax year beginning in 2020?.............

Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private

operating foundation defined in section 4942(j)(3) or 4942(j)(5)):

At the end of tax year 2020, did the foundation have any undistributed income (lines 6d

and 6e, Part XIII) for tax year(s) beginning before 2020?.............YesNo

If "Yes," list the years bullet

20, 20, 20, 20

Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)

(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)

to all years listed, answer "No" and attach statement—see instructions.) ..............

If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.

20, 20, 20, 20

Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at

any time during the year?......................YesNo

If "Yes," did it have excess business holdings in 2020 as a result of (1) any purchase by the foundation

or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved

by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)

the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine

if the foundation had excess business holdings in 2020.)..................

Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?

Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its

charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2020?

Form 990-PF (2020)

Page 6

Part VII-B

Statements Regarding Activities for Which Form 4720 May Be Required (continued)

During the year did the foundation pay or incur any amount to:

Yes

(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? YesNo

(2) Influence the outcome of any specific public election (see section 4955); or to carry

on, directly or indirectly, any voter registration drive?.............YesNo

(3) Provide a grant to an individual for travel, study, or other similar purposes? YesNo

(4) Provide a grant to an organization other than a charitable, etc., organization described

in section 4945(d)(4)(A)? See instructions................YesNo

(5) Provide for any purpose other than religious, charitable, scientific, literary, or

educational purposes, or for the prevention of cruelty to children or animals?.....YesNo

If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in

Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ......

Organizations relying on a current notice regarding disaster assistance check here......... bullet

If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the

tax because it maintained expenditure responsibility for the grant?..........YesNo

If "Yes," attach the statement required by Regulations section 53.4945–5(d).

Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on

a personal benefit contract?.....................YesNo

Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....

If "Yes" to 6b, file Form 8870.

At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction? YesNo

If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? ....

Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or

excess parachute payment during the year? .................YesNo

Part VIII

Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors

1 List all officers, directors, trustees, foundation managers and their compensation. See instructions

(a) Name and address	(b) Title, and average hours per week devoted to position	(c) Compensation (If not paid, enter -0-)	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
JOHN A LARSEN	TREASURER 2	0
2015 SUMMIT AVENUE ST PAUL,MN55105	TREASURER 2	0
KAREN R LARSEN	DIRECTOR 3	0
2015 SUMMIT AVE ST PAUL,MN55105	DIRECTOR 3	0
KRISTEN L ROSE	DIRECTOR 1	0
1825 STANFORD AVENUE ST PAUL,MN55105	DIRECTOR 1	0
JOHN E LARSEN	PRESIDENT 5	0
2002 W LAKE OF THE ISLE PARKWAY MINNEAPOLIS,MN55405	PRESIDENT 5	0

2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."


(a) Name and address of each employee paid more than $50,000	(b) Title, and average hours per week devoted to position	(c) Compensation	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
NONE









Total number of other employees paid over $50,000...................				0

Form 990-PF (2020)

Page 7

Part VIII

Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)

3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000	(b) Type of service	(c) Compensation
US BANK	INVESTMENT MGMT	55,473
PO BOX 0634 MILWAUKEE,WI532010634	INVESTMENT MGMT	55,473

Total number of others receiving over $50,000 for professional services............. bullet

Part IX-A

Summary of Direct Charitable Activities

List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc.	Expenses
1


2


3


4

Part IX-B

Summary of Program-Related Investments (see instructions)

Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2.	Amount
1


2


All other program-related investments. See instructions.
3

Total. Add lines 1 through 3......................... bullet

Form 990-PF (2020)

Page 8

Part X

Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)

Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,

purposes:

Average monthly fair market value of securities...................

6,872,778

Average of monthly cash balances.......................

362,817

Fair market value of all other assets (see instructions)................

Total (add lines 1a, b, and c).........................

7,235,595

Reduction claimed for blockage or other factors reported on lines 1a and

1c (attach detailed explanation) .............

Acquisition indebtedness applicable to line 1 assets..................

Subtract line 2 from line 1d.........................

7,235,595

Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see

instructions) .............................

108,534

Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4

7,127,061

Minimum investment return. Enter 5% of line 5..................

356,353

Part XI

Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow

and do not complete this part.)

Minimum investment return from Part X, line 6....................

356,353

Tax on investment income for 2020 from Part VI, line 5......

8,352

Income tax for 2020. (This does not include the tax from Part VI.)...

Add lines 2a and 2b............................

8,352

Distributable amount before adjustments. Subtract line 2c from line 1............

348,001

Recoveries of amounts treated as qualifying distributions................

Add lines 3 and 4............................

348,001

Deduction from distributable amount (see instructions).................

Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...

348,001

Part XII

Qualifying Distributions (see instructions)

Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:

Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........

340,097

Program-related investments—total from Part IX-B..................

Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,

purposes...............................

Amounts set aside for specific charitable projects that satisfy the:

Suitability test (prior IRS approval required)....................

Cash distribution test (attach the required schedule) .................

Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4

340,097

Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment

income. Enter 1% of Part I, line 27b. See instructions.................

Adjusted qualifying distributions. Subtract line 5 from line 4..............

340,097

Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
the section 4940(e) reduction of tax in those years.

Form 990-PF (2020)

Page 9

Part XIII

Undistributed Income (see instructions)

		(a) Corpus	(b) Years prior to 2019	(c) 2019	(d) 2020
1 Distributable amount for 2020 from Part XI, line 7					348,001
2 Undistributed income, if any, as of the end of 2020:
a Enter amount for 2019 only.......				0
b Total for prior years:20, 20, 20			0
3 Excess distributions carryover, if any, to 2020:
a From 2015......	0
b From 2016......	0
c From 2017......	0
d From 2018......	0
e From 2019......	21,843
fTotal of lines 3a through e........		21,843
4Qualifying distributions for 2020 from Part
XII, line 4: $ 340,097
a Applied to 2019, but not more than line 2a				0
b Applied to undistributed income of prior years (Election required—see instructions).....			0
c Treated as distributions out of corpus (Election required—see instructions)........		0
d Applied to 2020 distributable amount.....					340,097
e Remaining amount distributed out of corpus		0
5 Excess distributions carryover applied to 2020.		7,904			7,904
(If an amount appears in column (d), the same amount must be shown in column (a).)
6Enter the net total of each column as indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5		13,939
b Prior years’ undistributed income. Subtract line 4b from line 2b ..........			0
c Enter the amount of prior years’ undistributed income for which a notice of deficiency has been issued, or on which the section 4942(a) tax has been previously assessed......			0
d Subtract line 6c from line 6b. Taxable amount —see instructions ...........			0
e Undistributed income for 2019. Subtract line 4a from line 2a. Taxable amount—see instructions .............				0
f Undistributed income for 2020. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2021 ..........					0
7 Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170(b)(1)(F) or 4942(g)(3) (Election may be required - see instructions) .......		0
8 Excess distributions carryover from 2015 not applied on line 5 or line 7 (see instructions) ...		0
9Excess distributions carryover to 2021. Subtract lines 7 and 8 from line 6a ......		13,939
10 Analysis of line 9:
a Excess from 2016....	0
b Excess from 2017....	0
c Excess from 2018....	0
d Excess from 2019....	13,939
e Excess from 2020....

Form 990-PF (2020)

Page 10

Part XIV

Private Operating Foundations (see instructions and Part VII-A, question 9)

1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2020, enter the date of the ruling....... bullet

b Check box to indicate whether the organization is a private operating foundation described in section4942(j)(3) or4942(j)(5)

2a Enter the lesser of the adjusted net income from Part I or the minimum investment return from Part X for each year listed ..........	Tax year	Prior 3 years			(e) Total
	(a) 2020	(b) 2019	(c) 2018	(d) 2017	(e) Total

b 85% of line 2a .........
c Qualifying distributions from Part XII, line 4 for each year listed .....
d Amounts included in line 2c not used directly for active conduct of exempt activities ..........
e Qualifying distributions made directly for active conduct of exempt activities. Subtract line 2d from line 2c ....
3 Complete 3a, b, or c for the alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......
(2) Value of assets qualifying under section 4942(j)(3)(B)(i)
b “Endowment" alternative test— enter 2/3 of minimum investment return shown in Part X, line 6 for each year listed...
c “Support" alternative test—enter:
(1) Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties) ....
(2) Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii)....
(3) Largest amount of support from an exempt organization
(4) Gross investment income

Part XV

Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)

1Information Regarding Foundation Managers:

aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)

NONE

bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.

NONE

2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:

Check here bullet

if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions

aThe name, address, and telephone number or email address of the person to whom applications should be addressed:

bThe form in which applications should be submitted and information and materials they should include:

cAny submission deadlines:

dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:

Form 990-PF (2020)

Page 11

Part XV

Supplementary Information (continued)

3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient	If recipient is an individual, show any relationship to any foundation manager or substantial contributor	Foundation status of recipient	Purpose of grant or contribution	Amount
Name and address (home or business)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
BREAKING FREE PO BOX 4366 ST PAUL,MN55104	NONE	PC	GENERAL PURPOSE	4,500
FRASER 240 W 64TH ST MINNEAPOLIS,MN55423	NONE	PC	GENERAL PURPOSE	5,000
THE SIERRA CLUB FOUNDATION 2327 E FRANKLIN AVE MINNEAPOLIS,MN55406	NONE	PC	GENERAL OPERATING	10,000
SPCO ANNUAL FUND 408 SAINT PETER STREET STE 300 SAINT PAUL,MN55102	NONE	PC	GENERAL OPERATING	5,000
MINNESOTA COUNCIL ON FOUNDATIONS 800 WASHINGTON AVE SUITE 703 MINNEAPOLIS,MN55401	NONE	PC	GENERAL OPERATING	3,025
FRIENDS OF THE SPCO 408 ST PETER STREET STE 300 ST PAUL,MN55102	NONE	PC	GENERAL OPERATION	6,000
MINNESOTA DISASTER RECOVERY FUND 101 FIFTH STREET EAST SUITE 2400 Saint Paul,MN55101	NONE	PC	GENERAL OPERATING	10,000
NORTHSIDE ACHIEVEMENT ZONE 2123 WEST BROADWAY AVENUE 100 MINNEAPOLIS,MN55411	NONE	PC	GENERAL OPERATING	5,000
WHITEFISH AREA PROPERTY OWNERS ASSN P O BOX 342 CROSSLAKE,MN56442	NONE	PC	GENERAL OPERATING	4,000
MN CENTER FOR ENVIRONMENTAL ADVOCACY 26 EXCHANGE STREET SUITE 206 SAINT PAUL,MN55101	NONE	PC	GENERAL OPERATING	15,000
GIVEMN 101 FIFTH STREET EAST STE 2400 ST PAUL,MN55101	NONE	PC	GENERAL OPERATING	15,000
CLIMATE GENERATION A WILL STEGER -- 2801 - 21ST AVENUE S SUITE 110 MINNEAPOLIS,MN55407	NONE	PC	GENERAL OPERATING	3,500
NATURE CONSERVANCY 1101 W RIVER PKWY 200 MINNEAPOLIS,MN55415	NONE	PC	GENERAL OPERATING	5,000
OUTFRONT MINNESOTA 310 38TH STREET EAST 204 MINNEAPOLIS,MN55409	NONE	PC	GENERAL OPERATING	25,000
NATIONAL WILDLIFE TURKEY FEDERATION 13075 LINNET ST NW COON RAPIDS,MN55448	NONE	PC	GENERAL OPERATING	10,000
AVENUES FOR HOMELESS YOUTH 1708 OAK PARK AVENUE N MINNEAPOLIS,MN55411	NONE	PC	GENERAL OPERATING	12,500
SAINT PAUL ACADEMY AND SUMMIT SCHOOL 1712 RANDOLPH AVE SAINT PAUL,MN55105	NONE	PC	GENERAL OPERATING	10,000
PLANNED PARENTHOOD OF MN SD ND 671 VANDALIA ST STE 323 ST PAUL,MN55114	NONE	PC	GENERAL OPERATING	15,000
PARK SQUARE THEATER 408 ST PETER ST STE 110 ST PAUL,MN55102	NONE	PC	GENERAL OPERATING	5,000
FRESH ENERGY 408 ST PETER STREET STE 220 ST PAUL,MN55102	NONE	PC	GENERAL OPERATING	18,000
CONSERVATION MINNESOTA 1101 W RIVER PKWY STE 250 MINNEAPOLIS,MN55415	NONE	PC	GENERAL OPERATING	90,000
LAKES AREA RESTORATIVE JUSTICE 424 NW 3RD ST BRAINERD,MN56401	NONE	PC	GENERAL OPERATING	20,000
RESTORATIVE JUSTICE COMMUNITY ACTION 101 EAST GRANT STREET MINNEAPOLIS,MN55403	NONE	PC	GENERAL OPERATING	7,500
ADVOCATES FOR REPRODUCTIVE EDUCATION PO BOX 1086 BRAINERD,MN56401	NONE	PC	GENERAL OPERATING	19,000
AMAZE WORKS INC 475 CLEVELAND AVE N STE 322 ST PAUL,MN55104	NONE	PC	GENERAL OPERATING	10,000
Total ................................. 3a				333,025

bApproved for future payment

Total ................................. 3b

Form 990-PF (2020)

Page 12

Part XVI-A

Analysis of Income-Producing Activities

Enter gross amounts unless otherwise indicated.	Unrelated business income		Excluded by section 512, 513, or 514		(e) Related or exempt function income (See instructions.)
1Program service revenue:	(a) Business code	(b) Amount	(c) Exclusion code	(d) Amount	(e) Related or exempt function income (See instructions.)
a
b
c
d
e
f
gFees and contracts from government agencies
2 Membership dues and assessments....
3 Interest on savings and temporary cash investments ...........
4 Dividends and interest from securities....			14	126,474
5 Net rental income or (loss) from real estate:
aDebt-financed property......
bNot debt-financed property.....
6 Net rental income or (loss) from personal property
7 Other investment income.....
8 Gain or (loss) from sales of assets other than inventory ............			18	525,846
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory
11 Other revenue: a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e)..				652,320

13Total. Add line 12, columns (b), (d), and (e)..................

652,320

(See worksheet in line 13 instructions to verify calculations.)

Part XVI-B

Relationship of Activities to the Accomplishment of Exempt Purposes

Line No.	Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See instructions.)

Form 990-PF (2020)

Page 13

Part XVII

Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations

Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?

Yes

Transfers from the reporting foundation to a noncharitable exempt organization of:

(1) Cash...................................

1a(1)

(2) Other assets.................................

1a(2)

Other transactions:

(1) Sales of assets to a noncharitable exempt organization....................

1b(1)

(2) Purchases of assets from a noncharitable exempt organization..................

1b(2)

(3) Rental of facilities, equipment, or other assets.......................

1b(3)

(4) Reimbursement arrangements...........................

1b(4)

(5) Loans or loan guarantees.............................

1b(5)

(6) Performance of services or membership or fundraising solicitations................

1b(6)

Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............

If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.

(a) Line No.	(b) Amount involved	(c) Name of noncharitable exempt organization	(d) Description of transfers, transactions, and sharing arrangements

Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........Yes No

If "Yes," complete the following schedule.

(a) Name of organization	(b) Type of organization	(c) Description of relationship

Sign Here

Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
				May the IRS discuss this return with the preparer shown below? See instructions. Yes No
	Signature of officer or trustee	Date	Title

Paid Preparer Use Only	Print/Type preparer's name	Preparer's Signature	Date	Check if self- employed	PTIN
	Firm's name				Firm's EIN
	Firm's address				Phone no.

Form 990-PF (2020)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
TAX PREPARATION FEE (NON-ALLOC	1,500			1,500

Name of Bond	End of Year Book Value	End of Year Fair Market Value
075887BA6 BECTON DICKINSON
961214DA8 WESTPAC BANKING	74,658	75,839
166764AH3 CHEVRON CORP	76,040	79,767
87612EAV8 TARGET CORP
46625HJE1 JPMORGAN CHASE CO	50,613	52,586
06406HBY4 BANK NY MELLON MTN	75,716	76,588
17275RAH5 CISCO SYSTEMS
913017BR9 UNITED TECH CORP
949746SH5 WELLS FARGO COMPANY	71,734	83,098
89236TDR3 TOYOTA MOTOR MTN	75,317	84,254
91324PBV3 UNITEDHEALTH GRP	98,899	102,441
92826CAD4 VISA INC	75,382	84,139
037833AS9 APPLE INC	76,479	82,590
14912L5Q0 CATERPILLAR FIN MTN	96,855	104,890
78013XW20 ROYAL BANK MTN	202,839	218,064
05565QCZ9 BP CAPITAL MARKETS	200,295	206,540

- TIN:

TY 2020 InvestmentsCorpStockSchedule

Name:

JOHN LARSEN FOUNDATION MNG AGY (PLG)

EIN:

41-1715465

Name of Stock	End of Year Book Value	End of Year Fair Market Value
231021106 CUMMINS INC	10,472	20,212
860630102 STIFEL FINANCIAL COR	22,134	37,239
361448103 G A T X CORP	8,759	14,640
388689101 GRAPHIC PACKAGING HL
387328107 GRANITE CONSTRUCTION
44930G107 ICU MEDICAL INC
90333L201 U.S. CONCRETE INC
833034101 SNAP ON INC	8,325	17,456
81211K100 SEALED AIR CORP	6,931	13,920
00507V109 ACTIVISION BLIZZARD	12,007	29,341
548661107 LOWES CO INC	27,062	87,799
194162103 COLGATE PALMOLIVE CO	31,705	40,532
609207105 MONDELEZ INTERNATION
743315103 PROGRESSIVE CORP	7,455	29,664
980745103 WOODWARD INC	8,800	22,726
50540R409 LABORATORY CRP OF AM	9,050	15,673
49338L103 KEYSIGHT TECHNOLOGIE	7,827	31,041
904214103 UMPQUA HOLDINGS CORP
127055101 CABOT CORP
00971T101 AKAMAI TECHNOLOGIES	3,885	11,654
052769106 AUTODESK INC	49,636	61,068
212015101 CONTINENTAL RESOURCE	17,973	10,530
H1467J104 CHUBB LTD	27,226	41,251
892356106 TRACTOR SUPPLY CO
46625H100 J P MORGAN CHASE CO	26,283	60,231
G1151C101 ACCENTURE PLC CL A	23,695	79,669
31620M106 FIDELITY NATL INFORM	18,832	69,032
70450Y103 PAYPAL HOLDINGS INC	10,257	62,531
493267108 KEYCORP	8,966	14,129
090572207 BIO RAD LABS INC CL	5,425	25,649
871607107 SYNOPSYS INC	5,707	41,997
302520101 FNB CORP
29275Y102 ENERSYS	2,588	4,734
759351604 REINSURANCE GROUP AM	6,486	15,183
126408103 CSX CORP	5,368	20,873
983919101 XILINX INC	8,912	33,032
369550108 GENERAL DYNAMICS COR	5,204	11,310
478160104 JOHNSON JOHNSON	59,460	80,264
311900104 FASTENAL CO
778296103 ROSS STORES INC
267475101 DYCOM INDUSTRIES INC
G7496G103 RENAISSANCE RE HOLDI	7,642	13,597
099724106 BORG WARNER INC
001744101 AMN HEALTHCARE SERVI
957638109 WESTERN ALLIANCE BAN
23331A109 D R HORTON INC	10,425	30,394
872540109 TJX COMPANIES INC	7,814	23,902
750236101 RADIAN GROUP INC
92939U106 WEC ENERGY GROUP INC	10,495	19,326
65339F101 NEXTERA ENERGY INC	17,319	73,447
868459108 SUPERNUS PHARMACEUTI
691497309 OXFORD INDUSTRIES IN
87265H109 TRI POINTE GROUP INC
12504L109 CBRE GROUP INC	10,450	26,154
461202103 INTUIT INC	44,306	54,698
37940X102 GLOBAL PAYMENTS INC	3,977	35,760
G47791101 INGERSOLL RAND PLC
539830109 LOCKHEED MARTIN CORP	41,745	57,152
G5960L103 MEDTRONIC PLC	38,127	57,164
037833100 APPLE INC	6,405	124,198
03662Q105 A N S Y S INC	8,273	37,835
01741R102 ALLEGHENY TECHNOLOGI
171798101 CIMAREX ENERGY CO	20,765	14,479
810186106 THE SCOTTS MIRACLE G	5,215	21,905
760759100 REPUBLIC SVCS INC	9,863	30,238
695156109 PACKAGING CORP AMERI	31,599	67,852
254687106 DISNEY WALT CO	38,917	62,507
907818108 UNION PACIFIC CORP	24,230	60,384
166764100 CHEVRON CORPORATION	34,356	36,145
571748102 MARSH MCLENNAN COS I
91324P102 UNITED HEALTH GROUP	24,641	85,566
02079K305 ALPHABET INC CL A
718546104 PHILLIPS 66	36,151	34,341
92826C839 VISA INC
149498107 CAUSEWAY EMERGING MA	133,919	168,547
278265103 EATON VANCE CORP
97650W108 WINTRUST FINANCIAL C	9,757	13,134
09739D100 BOISE CASCADE CO
29084Q100 EMCOR GROUP INC
29362U104 ENTEGRIS INC
576323109 MASTEC INC
12008R107 BUILDERS FIRSTSOURCE
13123X102 CALLON PETE CO DEL
754730109 RAYMOND JAMES FINL I	5,445	18,560
17275R102 CISCO SYSTEMS INC	44,791	57,817
00206R102 ATT INC	46,980	46,850
594918104 MICROSOFT CORP	80,631	209,075
713448108 PEPSICO INC	34,897	54,278
277432100 EASTMAN CHEM CO	11,902	16,346
24906P109 DENTSPLY SIRONA INC	17,212	18,483
103304101 BOYD GAMING CORP COM
127190304 CACI INTERNATIONAL I
260003108 DOVER CORP	9,139	17,170
198287203 COLUMBIA PROPERTY TR
574599106 MASCO CORP	7,638	23,785
45866F104 INTERCONTINENTAL EXC	9,289	33,780
438516106 HONEYWELL INTERNATIO	17,927	49,985
02079K107 ALPHABET INC CL C	42,581	59,564
00846U101 AGILENT TECHNOLOGIES	8,178	26,186
101121101 BOSTON PPTYS INC	19,092	18,528
237194105 DARDEN RESTAURANTS I	12,388	28,231
48123V102 J2 GLOBAL INC
03073E105 AMERISOURCEBERGEN CO	6,619	13,295
28176E108 EDWARDS LIFESCIENCES	58,804	119,603
131193104 CALLAWAY GOLF CO
238337109 DAVE & BUSTERS ENTMT
24665A103 DELEK HOLDCO INC
65336K103 NEXSTAR BROADCASTING
686688102 ORMAT TECHNOLOGIES I
42226A107 HEALTHEQUITY INC	6,511	7,459
44109J106 HOSTESS BRANDS INC
320867104 FIRST MIDWEST BANCOR
589378108 MERCURY COMPUTER SYS
254543101 DIODES INC
450828108 I B E R I A B A N K
075887109 BECTON DICKINSON AND
09857L108 BOOKING HOLDINGS INC
012653101 ALBEMARLE CORP	13,956	21,243
000361105 A A R CORP
00912X302 AIR LEASE CORP	19,813	21,766
41068X100 HANNON ARMSTRONG SUS
55027E102 LUMINEX CORP DEL
670704105 NUVASIVE INC
70509V100 PEBBLEBROOK HOTEL TR
444097109 HUDSON PACIFIC PROPE	6,480	5,861
92343X100 VERINT SYS INC COM
G4388N106 HELEN OF TROY LTD	4,135	6,221
50189K103 LCI INDUSTRIES
88870R102 TIVITY HEALTH INC
29977A105 EVERCORE PARTNERS IN	6,454	7,127
64111Q104 NETGEAR INC RESTR
073685109 BEACON ROOFING SUPPL
90984P303 UNITED COMMUNITY BAN
589889104 MERIT MEDICAL SYSTEM
576485205 MATADOR RESOURCES CO
92886T201 VONAGE HLDGS CORP
74347M108 PROPETRO HLDG CORP
095229100 BLUCORA INC
042735100 ARROW ELECTRONICS IN	16,366	19,947
858912108 STERICYCLE INC COMMO	17,545	22,047
87305R109 TTM TECHNOLOGIES
03755L104 APERGY CORP
049164205 ATLAS AIR INC
87166B102 SYNEOS HEALTH INC	8,819	17,033
G5494J103 LINDE PLC	40,539	64,033
30303M102 FACEBOOK INC A
12572Q105 CME GROUP INC	27,052	30,038
G0177J108 ALLERGAN PLC
23283R100 CYRUSONE INC	35,044	47,035
20030N101 COMCAST CORP CL A	49,119	67,544
718172109 PHILIP MORRIS INTL	55,443	50,171
09215C105 BLACK KNIGHT INC	10,739	24,120
00191U102 ASGN INC	3,099	5,012
29272W109 ENERGIZER HLDGS INC
441593100 HOULIHAN LOKEY INC	13,398	17,345
76169B102 REXNORD CORP	7,501	8,253
69007J106 OUTFRONT MEDIA INC
575385109 MASONITE INTERNATION
315405100 FERRO CORPORATION
431571108 HILLENBRAND INC
707569109 PENN NATL GAMING INC
92857F107 VOCERA COMMUNICATION
882508104 TEXAS INSTRUMENTS IN	42,117	69,099
756109104 REALTY INCOME CORP
922908769 VANGUARD TOTAL STOCK	678,462	875,880
410120109 HANCOCK HLDG CO
828730200 SIMMONS 1ST NATIONAL
339041105 FLEETCOR TECHNOLOGIE
736508847 PORTLAND GENERAL ELE
872307103 TCF FINANCIAL CORP
902104108 II-VI INC
110122108 BRISTOL MYERS SQUIBB
12514G108 CDW CORP DE
78409V104 S P GLOBAL INC
459506101 INTL FLAVORS FRAGRA	36,823	28,625
038222105 APPLIED MATERIALS IN	15,919	34,693
H01301128 ALCON INC
217204106 COPART INC COM
620076307 MOTOROLA SOLUTIONS I
G8060N102 SENSATA TECHNOLOGIES	18,933	21,360
138098108 CANTEL MEDICAL CORP
204166102 COMMVAULT SYSTEMS IN
30050B101 EVOLENT HEALTH INC A
G46188101 HORIZON THERAPEUTICS
110122157 BRISTOL MYERS SQUIBB
025816109 AMERICAN EXPRESS CO	48,061	47,276
887389104 TIMKEN CO
529043101 LEXINGTON REALTY TRU
749397105 R1 RCM INC
036752103 ANTHEM INC
03064D108 AMERICOLD REALTY TRU	17,075	20,830
83088M102 SKYWORKS SOLUTIONS I	22,604	34,857
64049M209 NEOGENOMICS INC	2,714	5,922
78463M107 SPS COMMERCE INC
039653100 ARCOSA INC
31816Q101 FIREEYE INC
03076K108 AMERIS BANCORP
855244109 STARBUCKS CORP
285512109 ELECTRONIC ARTS INC	40,742	59,450
67066G104 NVIDIA CORP
693475105 P N C FINANCIAL SERV	38,228	47,084
171779309 CIENA CORPORATION NE
428291108 HEXCEL CORP NEW	9,727	8,922
573075108 MARTEN TRANSPORTATIO	6,915	6,926
57667L107 MATCH GROUP INC NEW	32,907	45,659
553530106 MSC INDL DIRECT CO I	3,734	4,895
053484101 AVALONBAY CMNTYS INC	33,486	24,706
57776J100 MAXLINEAR INC CLASS	6,014	8,936
87266J104 TPI COMPOSITES INC	2,752	5,542
235851102 DANAHER CORP	39,364	47,094
838518108 SOUTH JERSEY INDUSTR	6,867	6,551
197236102 COLUMBIA BKG SYS INC	4,202	5,888
776153108 ROMEO POWER INC	1,898	1,304
739276103 POWER INTEGRATIONS I	5,320	7,040
16115Q308 CHART INDUSTRIES INC	6,912	10,248
02208R106 ALTRA INDUSTRIAL MOT	7,398	11,862
48238T109 KAR AUCTION SERVICES	7,314	7,760
12571T100 CMC MATLS INC	21,434	24,662
22160K105 COSTCO WHSL CORP	28,766	33,157
172908105 CINTAS CORP	34,993	46,303
26969P108 EAGLE MATERIALS INC	4,807	6,993
85209W109 SPROUT SOCIAL INC CL	3,912	5,767
35138V102 FOX FACTORY HOLDING	6,802	8,774
05464T104 AXSOME THERAPEUTICS	3,920	3,911
98985W102 ZYMEWORKS INC	1,418	1,890
513847103 LANCASTER COLONY COR	5,677	6,798
75972A301 RENEWABLE ENERGY GRO	3,821	6,799
670002401 NAVAVAX INC	3,036	3,345
92538J106 VERTEX INC CL A	6,366	9,375
824348106 SHERWIN WILLIAMS CO	40,025	50,709
867652406 SUNPOWER CORP	4,408	6,333
199908104 COMFORT SYS USA INC	2,489	3,476
207410101 CONMED CORP	5,526	7,952
90400D108 ULTRAGENYX PHARMACEU	2,730	4,291
45780R101 INSTALLED BLDG PRODS	3,467	3,669
45687V106 INGERSOLL RAND INC	5,844	15,171
00724F101 ADOBE SYS INC	41,462	44,511
950755108 WERNER ENTERPRISES I	5,592	5,099
35905A109 FRONTDOOR INC	9,172	10,444
88322Q108 TG THERAPEUTICS INC	2,432	4,422
74758T303 QUALYS INC	3,941	4,387
04271T100 ARRAY TECHNOLOGIES I	2,596	2,934
82509L107 SHOPIFY INC A	38,997	45,278
018522300 ALLETE INC	5,186	5,698
546347105 LOUISIANA PACIFIC CO	7,641	11,077
538146101 LIVE PERSON INC	6,454	9,023
46120E602 INTUITIVE SURGICAL I	48,284	67,084
G8994E103 TRANE TECHNOLOGIES P	20,042	54,870
50187A107 LHC GROUP INC	4,978	5,973
59064R109 MESA LABS INC	10,167	13,185
76169C100 REXFORD INDUSTRIAL R	8,010	9,429
229050307 CRYPORT INC	8,770	8,337
252131107 DEXCOM INC	50,098	42,148
75606N109 REALPAGE INC	19,433	24,340
09075P105 BIOXCEL THERAPEUTICS	1,176	1,063
156727109 CERENCE INC	4,077	10,148
057665200 BALCHEM CORP	5,407	6,798
023135106 AMAZON.COM INC	57,202	58,625
19247A100 COHEN STEERS INC	9,457	9,882
G3922B107 GENPACT LIMITED	20,040	23,658
05988J103 BANDWIDTH INC CLASS	6,319	6,915
87808K106 TCR2 THERAPEUTICS IN	2,899	4,578
98978V103 ZOETIS INC	44,747	53,953
98138J206 WORKHORSE GROUP INC	1,733	2,235
78410G104 SBA COMMUNICATIONS C	65,616	64,608
816850101 SEMTECH CORP COM	4,003	5,335
46185L103 INVITAE CORP	6,257	7,609
81762P102 SERVICENOW INC	33,209	34,127
82982L103 SITEONE LANDSCAPE SU	5,925	8,249
48666K109 K B HOME	5,656	6,436
296315104 E S C O TECHNOLOGIES	4,676	5,987
11373M107 BROOKLINE BANCORP IN	4,506	6,068
09239B109 BLACKLINE INC	7,021	10,804
05550J101 BJS WHOLESALE CLUB H	6,397	6,077
56117J100 MALIBU BOATS INC	5,408	6,806
31572Q808 FIBROGEN INC	2,750	2,448
012348108 ALBANY INTL CORP CL	5,388	7,122
G3198U102 ESSENT GROUP LTD	7,696	10,541
89679E300 TRIUMPH BANCORP INC	3,572	8,108
93148P102 WALKER & DUNLOP INC	6,987	13,987
57164Y107 MARRIOTT VACATIONS W	3,927	6,724
65487U108 NKARTA INC	1,987	1,783
29664W105 ESPERION THERAPEUTIC	3,740	1,898
34417P100 FOCUS FINANCIAL PART	13,083	15,791
589584101 MERIDIAN BIOSCIENCE	4,274	3,121
88146M101 TERRENO REALTY CORP	7,359	8,191
462260100 IOVANCE BIOTHERAPEUT	3,916	5,568
088786108 BICYCLE THERAPEUTICS	1,775	1,669
871829107 SYSCO CORP	13,388	18,936
243537107 DECKERS OUTDOOR CORP	3,410	5,162
N6596X109 NXP SEMICONDUCTORS N	30,567	40,389
776696106 ROPER INDS INC	42,297	46,127
550021109 LULULEMON ATHLETICA	29,325	32,367
74766Q101 QUANTERIX CORP	2,722	4,557
00287Y109 ABBVIE INC	15,875	20,359
632307104 NATERA INC	7,677	13,137
826919102 SILICON LABORATORIES	7,873	9,805
72919P202 PLUG POWER INC	2,147	6,375
978097103 WOLVERINE WORLD WIDE	6,553	6,781
74736A103 QTS REALTY TRUST INC	9,618	9,096
34959J108 FORTIVE CORP WI	34,803	41,784
87105L104 SWITCH INC A	8,150	7,072
115637209 BROWN FORMAN CORP CL	31,046	38,921
453836108 INDEPENDENT BK CORP	10,815	12,782
829073105 SIMPSON MFG CO INC	3,443	3,364
883556102 THERMO FISHER SCIENT	48,918	58,688
87157D109 SYNAPTICS INC	3,054	3,374
114340102 BROOKS AUTOMATION IN	4,120	6,174
57636Q104 MASTERCARD INC	48,937	58,895
253031108 DICERNA PHARMACEUTIC	2,864	2,489
449585108 IGM BIOSCIENCES INC	2,077	1,854
502431109 L3HARRIS TECHNOLOGIE	30,494	35,347
518439104 LAUDER ESTEE COS INC	31,530	44,454
922280102 VARONIS SYSTEMS INC	3,630	5,563
48576A100 KARUNA THERAPEUTICS	2,259	2,337
92839U206 VISTEON CORP	5,607	9,540
16383L106 CHEMOCENTRYX INC	2,490	2,786
01609W102 ALIBABA GROUP HOLDIN	24,001	21,411
25058X105 DESKTOP METAL INC CO	1,653	1,462
92259F101 VELODYNE LIDAR INC	1,615	1,826
929328102 WSFS FINL CORP	6,627	11,893
24344T101 DECIPHERA PHARMACEUT	3,928	4,109
808513105 SCHWAB CHARLES CORP	43,319	47,630
489170100 KENNAMETAL INC	8,371	9,749
29089Q105 EMERGENT BIOSOLUTION	2,959	2,598

Borrower's Name	Original Amount of Loan	Date of Note	Maturity Date	Interest Rate
CITY OF LAKES COMMUNITY LAND TRUST	200,000	2016-10	2016-04	4.000 %
CITY OF LAKES COMMUNITY LAND TRUST	100,000	2016-06	2018-04	3.000 %
CITY OF LAKES COMMUNITY LAND TRUST	100,000	2016-04	2019-04	4.000 %

Category	Amount	Net Investment Income
FOREIGN TAXES	466	466
FEDERAL TAX PAYMENT - PRIOR YE	6,701	0
FEDERAL ESTIMATES - PRINCIPAL	10,588	0

Description	Amount
PY ROC ADJ	1,753
BRISTOL MYERS SQUIBB ADJ	1,772
ROUNDING ADJ	28