Image by quaziefoto via Flickr

Who holds the most U.S. debt?

Many would guess China, many would be mistaken.

Take a look at the list below compiled by CNBC.

We’ve created a PDF document which you may download for the purposes of printing, emailing or sharing how you wish.

The 15 Largest Holders of United States Debt

15: Luxembourg – $104.2 Billion

14: Depository Institutions – $107.3 Billion (commercial banks, savings banks, credit unions)

13: Russia – $119.9 Billion

12: Insurance Companies – 126.4 Billion

11: Brazil – 139.8 Billion

10: Caribbean Banking Centers – 189.7 Billion

9: Oil Exporters – $191 Billion

8: United Kingdom – $214 Billion

7: Pension Funds – $465.4 Billion

6: State and local governments – $522.7 Billion

5: Other Investors – $629.7 Billion (“other” refers to individuals, government sponsored enterprises, brokers and dealers, bank personal trusts, estates, corporate and non-corporate businesses)

4: Japan – $711.8 Billion

3: China – $776.4 Billion

2: Mutual Funds – $769.1 Billion

1: Federal Reserve and Intergovernmental Holdings – 4.785 Trillion

Source: CNBC