# INDEPENDENT INVESTORS INC

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1121908. Source: https://holderbook.com/funds/1121908-independent-investors-inc/

- Reported value: $523.6M
- Positions: 73
- Weight of the ten largest: 77.1%
- Filed: 2026-07-16

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $297.5M | 1,027,983 | 56.8% | 31 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $19.4M | 52,050 | 3.7% | 31 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $17.9M | 70,356 | 3.4% | 31 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $17.7M | 54,204 | 3.4% | 31 |
| AMGEN INC | [AMGN](https://holderbook.com/stocks/AMGN/) | $10.6M | 29,176 | 2.0% | 31 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $10.1M | 40,274 | 1.9% | 31 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $8.0M | 58,649 | 1.5% | 31 |
| WATERS CORP | [WAT](https://holderbook.com/stocks/WAT/) | $7.7M | 20,663 | 1.5% | 31 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $7.7M | 38,260 | 1.5% | 14 |
| EMERSON ELEC CO | [EMR](https://holderbook.com/stocks/EMR/) | $7.0M | 48,896 | 1.3% | 31 |
| BOEING CO | [BA](https://holderbook.com/stocks/BA/) | $6.4M | 29,457 | 1.2% | 31 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $6.3M | 12,577 | 1.2% | 31 |
| QUALCOMM INC | [QCOM](https://holderbook.com/stocks/QCOM/) | $6.2M | 33,592 | 1.2% | 31 |
| NORFOLK SOUTHN CORP | [NSC](https://holderbook.com/stocks/NSC/) | $5.4M | 17,017 | 1.0% | 31 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $5.2M | 35,415 | 1.0% | 31 |
| DOVER CORP | [DOV](https://holderbook.com/stocks/DOV/) | $4.6M | 20,400 | 0.9% | 31 |
| HONEYWELL INTL INC | [HONZZZZ](https://holderbook.com/stocks/HONZZZZ/) | $4.6M | 20,373 | 0.9% | 31 |
| MCDONALDS CORP | [MCD](https://holderbook.com/stocks/MCD/) | $4.5M | 16,616 | 0.9% | 31 |
| ORACLE CORP | [ORCL](https://holderbook.com/stocks/ORCL/) | $4.4M | 29,900 | 0.8% | 31 |
| DISNEY WALT CO | [DIS](https://holderbook.com/stocks/DIS/) | $4.2M | 43,576 | 0.8% | 31 |
| AMERICAN EXPRESS CO | [AXP](https://holderbook.com/stocks/AXP/) | $3.7M | 11,000 | 0.7% | 31 |
| GOLDMAN SACHS GROUP INC | [GS](https://holderbook.com/stocks/GS/) | $3.5M | 3,490 | 0.7% | 31 |
| UNION PAC CORP | [UNP](https://holderbook.com/stocks/UNP/) | $3.0M | 11,140 | 0.6% | 31 |
| COCA COLA CO | [KO](https://holderbook.com/stocks/KO/) | $2.9M | 35,496 | 0.6% | 31 |
| L3HARRIS TECHNOLOGIES INC | [LHX](https://holderbook.com/stocks/LHX/) | $2.8M | 9,749 | 0.5% | 24 |
| NOVARTIS AG | [NVS](https://holderbook.com/stocks/NVS/) | $2.8M | 17,900 | 0.5% | 31 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $2.8M | 7,790 | 0.5% | 31 |
| UNITED PARCEL SVCS INC | [UPS](https://holderbook.com/stocks/UPS/) | $2.6M | 24,028 | 0.5% | 31 |
| ABBOTT LABORATORIES | [ABT](https://holderbook.com/stocks/ABT/) | $2.5M | 27,840 | 0.5% | 31 |
| NIKE INC | [NKE](https://holderbook.com/stocks/NKE/) | $2.5M | 60,000 | 0.5% | 31 |
| COLGATE PALMOLIVE CO | [CL](https://holderbook.com/stocks/CL/) | $2.5M | 26,833 | 0.5% | 31 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $2.3M | 2,415 | 0.4% | 31 |
| HOWARD HUGHES HOLDINGS INC | [HHH](https://holderbook.com/stocks/HHH/) | $2.0M | 28,637 | 0.4% | 12 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $1.8M | 5,016 | 0.3% | 31 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $1.6M | 4,420 | 0.3% | 31 |
| ISHARES TR | [IVV](https://holderbook.com/stocks/IVV/) | $1.6M | 2,106 | 0.3% | 12 |
| UNITED RENTALS INC | [URI](https://holderbook.com/stocks/URI/) | $1.5M | 1,325 | 0.3% | 31 |
| BRISTOL-MYERS SQUIBB CO | [BMY](https://holderbook.com/stocks/BMY/) | $1.5M | 25,438 | 0.3% | 31 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $1.4M | 1,922 | 0.3% | 23 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $1.4M | 24,580 | 0.3% | 31 |
| MORGAN STANLEY | [MS](https://holderbook.com/stocks/MS/) | $1.4M | 6,533 | 0.3% | 28 |
| GE AEROSPACE | [GE](https://holderbook.com/stocks/GE/) | $1.2M | 3,342 | 0.2% | 19 |
| HONEYWELL AEROSPACE INC | [HONA](https://holderbook.com/stocks/HONA/) | $1.2M | 5,373 | 0.2% | 1 |
| PEPSICO INC | [PEP](https://holderbook.com/stocks/PEP/) | $1.1M | 8,263 | 0.2% | 31 |
| GE VERNOVA INC | [GEV](https://holderbook.com/stocks/GEV/) | $1.1M | 907 | 0.2% | 8 |
| ALIBABA GROUP HLDG LTD | [BABA](https://holderbook.com/stocks/BABA/) | $969.4K | 10,100 | 0.2% | 23 |
| CROWDSTRIKE HLDGS INC | [CRWD](https://holderbook.com/stocks/CRWD/) | $950.1K | 1,245 | 0.2% | 11 |
| STRYKER CORPORATION | [SYK](https://holderbook.com/stocks/SYK/) | $944.5K | 3,000 | 0.2% | 31 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $926.9K | 2,230 | 0.2% | 24 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $901.7K | 5,440 | 0.2% | 31 |
| SOLSTICE ADVANCED MATLS INC | [SOLS](https://holderbook.com/stocks/SOLS/) | $897.4K | 10,129 | 0.2% | 3 |
| LOWES COS INC | [LOW](https://holderbook.com/stocks/LOW/) | $837.9K | 3,800 | 0.2% | 31 |
| J P MORGAN EXCHANGE TRADED F | [JEPI](https://holderbook.com/stocks/JEPI/) | $804.9K | 14,251 | 0.2% | 15 |
| PERSHING SQUARE USA LTD | [PSUS](https://holderbook.com/stocks/PSUS/) | $747.6K | 20,000 | 0.1% | 1 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $723.6K | 6,160 | 0.1% | 31 |
| INTERNATIONAL BUSINESS MACHS | [IBM](https://holderbook.com/stocks/IBM/) | $660.8K | 2,350 | 0.1% | 31 |
| PURECYCLE TECHNOLOGIES INC | [PCT](https://holderbook.com/stocks/PCT/) | $653.4K | 80,567 | 0.1% | 22 |
| UBER TECHNOLOGIES INC | [UBER](https://holderbook.com/stocks/UBER/) | $640.8K | 8,880 | 0.1% | 6 |
| KINDER MORGAN INC DEL | [KMI](https://holderbook.com/stocks/KMI/) | $595.2K | 18,616 | 0.1% | 29 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $574.4K | 2,410 | 0.1% | 6 |
| J P MORGAN EXCHANGE TRADED F | [JEPQ](https://holderbook.com/stocks/JEPQ/) | $516.9K | 8,410 | 0.1% | 6 |
| EATON CORP PLC | [ETN](https://holderbook.com/stocks/ETN/) | $511.3K | 1,200 | 0.1% | 14 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $473.5K | 1,380 | 0.1% | 27 |
| ISHARES TR | [IJK](https://holderbook.com/stocks/IJK/) | $329.0K | 2,800 | 0.1% | 14 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $321.2K | 2,500 | 0.1% | 4 |
| INVESCO QQQ TR | [QQQ](https://holderbook.com/stocks/QQQ/) | $282.0K | 383 | 0.1% | 4 |
| PFIZER INC | [PFE](https://holderbook.com/stocks/PFE/) | $280.5K | 11,650 | 0.1% | 31 |
| AIR PRODUCTS AND CHEMICALS I | [APD](https://holderbook.com/stocks/APD/) | $218.7K | 746 | 0.0% | 2 |
| VANGUARD INTL EQUITY INDEX F | [VWO](https://holderbook.com/stocks/VWO/) | $217.9K | 3,650 | 0.0% | 1 |
| ISHARES TR | [INDA](https://holderbook.com/stocks/INDA/) | $207.9K | 4,210 | 0.0% | 9 |
| SLB LIMITED | [SLB](https://holderbook.com/stocks/SLB/) | $205.7K | 4,425 | 0.0% | 2 |
| SEAPORT ENTMT GROUP INC | [SEG](https://holderbook.com/stocks/SEG/) | $201.7K | 7,584 | 0.0% | 1 |
| LISTED FDS TR | [METV](https://holderbook.com/stocks/METV/) | $184.5K | 10,000 | 0.0% | 19 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +10.3% | +14.8% | -4.5% | 100% |
| Q1 2026 | -5.4% | -4.6% | -0.8% | 100% |
| Q4 2025 | +3.9% | +2.4% | +1.5% | 100% |
| Q3 2025 | +14.7% | +7.8% | +6.9% | 100% |
| Q2 2025 | -1.1% | +10.5% | -11.5% | 100% |
| Q1 2025 | -6.4% | -4.6% | -1.9% | 100% |
| Q4 2024 | +3.4% | +2.1% | +1.3% | 100% |
| Q3 2024 | +8.4% | +5.4% | +3.0% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $523.6M | 73 |
| Q1 2026 | $503.6M | 70 |
| Q4 2025 | $538.1M | 69 |
| Q3 2025 | $519.6M | 70 |
| Q2 2025 | $459.1M | 67 |
| Q1 2025 | $471.3M | 70 |
| Q4 2024 | $505.2M | 66 |
| Q3 2024 | $493.5M | 69 |
| Q2 2024 | $455.7M | 67 |
| Q1 2024 | $418.2M | 67 |
| Q4 2023 | $434.5M | 67 |
| Q3 2023 | $394.2M | 67 |