INDEPENDENT INVESTORS INC
Reported holdings as of Q2 2026, from 31 quarterly filings.
This filer last reported in Q2 2026; the most recent quarter on file across all filers is Q3 2026. Firms that restructure stop filing under one CIK and start under another, so a successor entity may hold these positions now under a similar name.
Holdings
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| Security | Ticker | Value | Shares | Weight | Weight change | Held | Change |
|---|---|---|---|---|---|---|---|
| APPLE INC | AAPL | $297.5M | 1,027,983 | +2.32pp | 31q | -4.9%-$15.4M | |
| MICROSOFT CORP | MSFT | $19.4M | 52,050 | -0.28pp | 31q | -4.1%-$839.3K | |
| JOHNSON & JOHNSON | JNJ | $17.9M | 70,356 | -0.04pp | 31q | -1.1%-$203.2K | |
| JPMORGAN CHASE & CO | JPM | $17.7M | 54,204 | +0.13pp | 31q | -2.9%-$523.7K | |
| AMGEN INC | AMGN | $10.6M | 29,176 | -0.04pp | 31q | -1.0%-$108.6K | |
| ABBVIE INC | ABBV | $10.1M | 40,274 | +0.01pp | 31q | -9.8%-$1.1M | |
| EXXON MOBIL CORP | XOMXXXX | $8.0M | 58,649 | -0.53pp | 31q | -3.9%-$328.1K | |
| WATERS CORP | WAT | $7.7M | 20,663 | -0.07pp | 31q | -21.0%-$2.1M | |
| NVIDIA CORPORATION | NVDA | $7.7M | 38,260 | +0.13pp | 14q | -0.8%-$61.0K | |
| EMERSON ELEC CO | EMR | $7.0M | 48,896 | +0.06pp | 31q | HELD | |
| BOEING CO | BA | $6.4M | 29,457 | +0.02pp | 31q | -3.0%-$194.8K | |
| BERKSHIRE HATHAWAY INC DEL | BRKB | $6.3M | 12,577 | -0.21pp | 31q | -15.5%-$1.2M | |
| QUALCOMM INC | QCOM | $6.2M | 33,592 | +0.31pp | 31q | -2.0%-$129.4K | |
| NORFOLK SOUTHN CORP | NSC | $5.4M | 17,017 | +0.02pp | 31q | -2.9%-$157.3K | |
| PROCTER & GAMBLE CO | PG | $5.2M | 35,415 | -0.16pp | 31q | -11.7%-$686.3K | |
| DOVER CORP | DOV | $4.6M | 20,400 | +0.03pp | 31q | HELD | |
| HONEYWELL INTL INC | HONZZZZ | $4.6M | 20,373 | -0.99pp | 31q | -51.0%-$4.7M | |
| MCDONALDS CORP | MCD | $4.5M | 16,616 | -0.20pp | 31q | -2.9%-$135.2K | |
| ORACLE CORP | ORCL | $4.4M | 29,900 | -0.04pp | 31q | HELD | |
| DISNEY WALT CO | DIS | $4.2M | 43,576 | -0.04pp | 31q | -1.0%-$43.3K | |
| AMERICAN EXPRESS CO | AXP | $3.7M | 11,000 | -0.01pp | 31q | -8.3%-$338.2K | |
| GOLDMAN SACHS GROUP INC | GS | $3.5M | 3,490 | +0.06pp | 31q | -4.1%-$151.7K | |
| UNION PAC CORP | UNP | $3.0M | 11,140 | +0.02pp | 31q | -4.3%-$136.0K | |
| COCA COLA CO | KO | $2.9M | 35,496 | +0.01pp | 31q | HELD | |
| L3HARRIS TECHNOLOGIES INC | LHX | $2.8M | 9,749 | -0.13pp | 24q | HELD | |
| NOVARTIS AG | NVS | $2.8M | 17,900 | -0.01pp | 31q | HELD | |
| ALPHABET INC | GOOG | $2.8M | 7,790 | flat | 31q | -16.1%-$530.0K | |
| UNITED PARCEL SVCS INC | UPS | $2.6M | 24,028 | +0.02pp | 31q | HELD | |
| ABBOTT LABORATORIES | ABT | $2.5M | 27,840 | -0.22pp | 31q | -19.0%-$594.3K | |
| NIKE INC | NKE | $2.5M | 60,000 | -0.16pp | 31q | HELD | |
| COLGATE PALMOLIVE CO | CL | $2.5M | 26,833 | flat | 31q | -4.3%-$110.0K | |
| COSTCO WHOLESALE CORPORATION | COST | $2.3M | 2,415 | -0.14pp | 31q | -15.7%-$421.0K | |
| HOWARD HUGHES HOLDINGS INC | HHH | $2.0M | 28,637 | +0.03pp | 12q | HELD | |
| HOME DEPOT INC | HD | $1.8M | 5,016 | -0.05pp | 31q | -16.4%-$347.4K | |
| ALPHABET INC | GOOGL | $1.6M | 4,420 | -0.04pp | 31q | -25.3%-$536.1K | |
| ISHARES TR | IVV | $1.6M | 2,106 | +0.03pp | 12q | HELD | |
| UNITED RENTALS INC | URI | $1.5M | 1,325 | +0.09pp | 31q | HELD | |
| BRISTOL-MYERS SQUIBB CO | BMY | $1.5M | 25,438 | -0.04pp | 31q | -3.8%-$57.6K | |
| STATE STR SPDR S&P 500 ETF T | SPY | $1.4M | 1,922 | +0.02pp | 23q | -2.5%-$37.3K | |
| BANK OF AMER CORP | BAC | $1.4M | 24,580 | +0.03pp | 31q | HELD | |
| MORGAN STANLEY | MS | $1.4M | 6,533 | +0.04pp | 28q | -3.7%-$52.3K | |
| GE AEROSPACE | GE | $1.2M | 3,342 | +0.01pp | 19q | -18.8%-$288.5K | |
| HONEYWELL AEROSPACE INC | HONA | $1.2M | 5,373 | - | new | NEW | |
| PEPSICO INC | PEP | $1.1M | 8,263 | -0.35pp | 31q | -54.6%-$1.3M | |
| GE VERNOVA INC | GEV | $1.1M | 907 | +0.03pp | 8q | -8.9%-$104.6K | |
| ALIBABA GROUP HLDG LTD | BABA | $969.4K | 10,100 | -0.07pp | 23q | HELD | |
| CROWDSTRIKE HLDGS INC | CRWD | $950.1K | 1,245 | +0.08pp | 11q | -2.0%-$19.1K | |
| STRYKER CORPORATION | SYK | $944.5K | 3,000 | -0.02pp | 31q | HELD | |
| UNITEDHEALTH GROUP INC | UNH | $926.9K | 2,230 | +0.04pp | 24q | -13.6%-$145.5K | |
| CHEVRON CORPORATION | CVX | $901.7K | 5,440 | -0.10pp | 31q | -17.5%-$190.6K | |
| SOLSTICE ADVANCED MATLS INC | SOLS | $897.4K | 10,129 | +0.02pp | 3q | -1.9%-$17.7K | |
| LOWES COS INC | LOW | $837.9K | 3,800 | -0.02pp | 31q | HELD | |
| J P MORGAN EXCHANGE TRADED F | JEPI | $804.9K | 14,251 | -0.02pp | 15q | -6.3%-$54.2K | |
| PERSHING SQUARE USA LTD | PSUS | $747.6K | 20,000 | - | new | NEW | |
| CISCO SYS INC | CSCO | $723.6K | 6,160 | +0.02pp | 31q | -21.7%-$200.9K | |
| INTERNATIONAL BUSINESS MACHS | IBM | $660.8K | 2,350 | +0.01pp | 31q | HELD | |
| PURECYCLE TECHNOLOGIES INC | PCT | $653.4K | 80,567 | +0.04pp | 22q | HELD | |
| UBER TECHNOLOGIES INC | UBER | $640.8K | 8,880 | -0.01pp | 6q | -1.8%-$11.5K | |
| KINDER MORGAN INC DEL | KMI | $595.2K | 18,616 | -0.01pp | 29q | HELD | |
| AMAZON COM INC | AMZN | $574.4K | 2,410 | +0.01pp | 6q | -2.2%-$13.1K | |
| J P MORGAN EXCHANGE TRADED F | JEPQ | $516.9K | 8,410 | flat | 6q | -7.8%-$43.6K | |
| EATON CORP PLC | ETN | $511.3K | 1,200 | +0.01pp | 14q | HELD | |
| VISA INC | V | $473.5K | 1,380 | +0.01pp | 27q | HELD | |
| ISHARES TR | IJK | $329.0K | 2,800 | +0.01pp | 14q | HELD | |
| MERCK & CO INC | MRK | $321.2K | 2,500 | flat | 4q | HELD | |
| INVESCO QQQ TR | QQQ | $282.0K | 383 | +0.01pp | 4q | HELD | |
| PFIZER INC | PFE | $280.5K | 11,650 | -0.01pp | 31q | -4.9%-$14.4K | |
| AIR PRODUCTS AND CHEMICALS I | APD | $218.7K | 746 | flat | 2q | HELD | |
| VANGUARD INTL EQUITY INDEX F | VWO | $217.9K | 3,650 | - | new | NEW | |
| ISHARES TR | INDA | $207.9K | 4,210 | flat | 9q | -8.9%-$20.2K | |
| SLB LIMITED | SLB | $205.7K | 4,425 | -0.01pp | 2q | HELD | |
| SEAPORT ENTMT GROUP INC | SEG | $201.7K | 7,584 | - | new | NEW | |
| LISTED FDS TR | METV | $184.5K | 10,000 | flat | 19q | HELD |
By sector
Industry comes from the SIC code on each company's own SEC filings, which is self-reported and sometimes out of date. Derivative exposure is counted with the shares. Securities the SEC assigns no industry - funds, trusts, foreign issues - are shown as not classified rather than dropped.
| Sector | Value | Share |
|---|---|---|
| Computer Hardware | $298.8M | 57.1% |
| Biotech & Pharma | $53.7M | 10.3% |
| Software & IT Services | $29.1M | 5.6% |
| Semiconductors & Electronics | $23.2M | 4.4% |
| Banks & Lending | $22.9M | 4.4% |
| Chemicals | $11.9M | 2.3% |
| Transport & Logistics | $11.0M | 2.1% |
| Retail & Consumer | $9.9M | 1.9% |
| Autos & Aerospace | $9.2M | 1.8% |
| Other sectors | $35.6M | 6.8% |
| Not classified | $18.4M | 3.5% |
What the disclosed book did
This is not the fund's return. A 13F shows long US equity positions only, so shorts, bonds, foreign listings, private holdings and cash are all invisible here. What this measures is the quarter's change in value of the positions this manager disclosed, had they been left untouched - the return a reader following the filing would have earned.
| 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% |
Market is SPY over the same two quarter ends, priced the same way as everything else here - the median across every filer reporting it. It is a large-cap US proxy, so a manager holding small caps or biotech will beat or trail it for reasons that are not skill. Prices are quarter-end to quarter-end and say nothing about the path in between, or about trades opened and closed inside a quarter.
Quarter by quarter
| Quarter | Value | Positions | New | Added | Trimmed | Exited | Top 10 | Days to file |
|---|---|---|---|---|---|---|---|---|
| Q2 2026 | $523.6M | 73 | 4 | 0 | 43 | 1 | 77.1% | 16 |
| Q1 2026 | $503.6M | 70 | 2 | 0 | 33 | 1 | 76.1% | 17 |
| Q4 2025 | $538.1M | 69 | 1 | 4 | 5 | 2 | 76.1% | 15 |
| Q3 2025 | $519.6M | 70 | 3 | 1 | 10 | 0 | 75.3% | 30 |
| Q2 2025 | $459.1M | 67 | 0 | 1 | 14 | 3 | 73.3% | 18 |
| Q1 2025 | $471.3M | 70 | 5 | 7 | 7 | 1 | 76.3% | 31 |
| Q4 2024 | $505.2M | 66 | 2 | 0 | 5 | 5 | 78.0% | 27 |
| Q3 2024 | $493.5M | 69 | 2 | 1 | 6 | 0 | 77.1% | 24 |
| Q2 2024 | $455.7M | 67 | 1 | 3 | 4 | 1 | 76.8% | 16 |
| Q1 2024 | $418.2M | 67 | 1 | 2 | 17 | 1 | 73.9% | 26 |
| Q4 2023 | $434.5M | 67 | 2 | 1 | 12 | 2 | 76.5% | 12 |
| Q3 2023 | $394.2M | 67 | 3 | 3 | 11 | 2 | 75.9% | 23 |
| Q2 2023 | $431.2M | 66 | 0 | 1 | 16 | 3 | 77.0% | 19 |
| Q1 2023 | $402.8M | 69 | 3 | 3 | 7 | 0 | 74.1% | 13 |
| Q4 2022 | $359.3M | 66 | 3 | 1 | 29 | 2 | 71.4% | 33 |
| Q3 2022 | $351.5M | 65 | 0 | 5 | 5 | 4 | 73.9% | 24 |
| Q2 2022 | $369.4M | 69 | 0 | 0 | 8 | 7 | 72.4% | 13 |
| Q1 2022 | $449.2M | 76 | 1 | 1 | 9 | 2 | 72.7% | 25 |
| Q4 2021 | $468.0M | 77 | 5 | 0 | 23 | 1 | 72.4% | 31 |
| Q3 2021 | $402.2M | 73 | 1 | 6 | 16 | 2 | 70.9% | 28 |
| Q2 2021 | $406.7M | 74 | 3 | 7 | 7 | 1 | 69.7% | 28 |
| Q1 2021 | $377.4M | 72 | 3 | 7 | 8 | 2 | 68.5% | 26 |
| Q4 2020 | $378.6M | 71 | 3 | 3 | 43 | 2 | 71.1% | 27 |
| Q3 2020 | $343.5M | 70 | 5 | 2 | 1 | 3 | 70.4% | 26 |
| Q2 2020 | $296.7M | 68 | 0 | 1 | 13 | 4 | 67.6% | 9 |
| Q1 2020 | $241.0M | 72 | 1 | 12 | 13 | 4 | 64.3% | 6 |
| Q4 2019 | $302.1M | 75 | 5 | 5 | 32 | 3 | 62.2% | 15 |
| Q3 2019 | $266.4M | 73 | 2 | 7 | 20 | 4 | 59.6% | 31 |
| Q2 2019 | $259.2M | 75 | 6 | 1 | 19 | 4 | 57.8% | 18 |
| Q1 2019 | $256.3M | 73 | 4 | 1 | 45 | 1 | 57.3% | 109 |
| Q4 2018 | $230.7M | 70 | 0 | 0 | 0 | 0 | 56.1% | 14 |
Rows marked UNVERIFIED ID, PLACEHOLDER ID, TICKER AS ID or NON-CUSIP ID carry an identifier that is not a valid CUSIP. They are shown because the filer reported that money, but treat the security named with caution - hover the chip for what is wrong with it, and see the methodology.
Held counts consecutive filings in which this manager reported the position, and can reach further back than the quarters listed above: the tabs begin at Q4 2018 because earlier coverage is too sparse to describe a market, but tenure is counted over every filing we hold, some reaching to 2007. A position sold and later rebought starts again from one.
Weight change is the shift in this position's share of the whole book, in percentage points. It is the more useful column: when money flows into or out of a broad fund, almost every holding is bought or sold at once, so added and trimmed largely track flows. A weight that rose while the book shrank is a decision. Both compare with the previous quarter this filer reported, not the previous calendar quarter.