INDEPENDENT INVESTORS INC

NESCONSET, NY · CIK 1121908 · 13F filing filed 2023-02-02

SEC-registered investment adviser since 1983 · corporation

Assets managed$571.9m
Staff6 · 2 in investment roles
Main clients (by assets)Charities 49%, High net worth individuals 49%, Individuals 3%
Form ADV · 2026-09-22SEC adviser record

$359.3m reported value +2.2% vs Q3 2022

66positions

71.4%in top 10

3 new 1 added 30 reduced 2 sold out vs Q3 2022

Holdings, Q4 2022

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	APPLE INC COM AAPL	AAPL	1,316,203	$171.0m47.59%	47.59%	Reduced -26.3k	-26,316 -2.0%
2	JOHNSON & JOHNSON COM JNJ	JNJ	77,115	$13.6m3.79%	3.79%	Reduced -600	-600 -0.8%
3	MICROSOFT CORP COM MSFT	MSFT	54,806	$13.1m3.66%	3.66%	Reduced -2.0k	-2,000 -3.5%
4	WATERS CORP COM WAT	WAT	31,867	$10.9m3.04%	3.04%	Unchanged
5	HONEYWELL INTL INC COM COM		42,490	$9.1m2.53%	2.53%	Reduced -400	-400 -0.9%
6	PROCTER AND GAMBLE CO COM PG	PG	58,150	$8.8m2.45%	2.45%	Reduced -1.2k	-1,200 -2.0%
7	AMGEN INC COM AMGN	AMGN	30,541	$8.0m2.23%	2.23%	Reduced -530	-530 -1.7%
8	JPMORGAN CHASE & CO COM JPM	JPM	56,949	$7.6m2.13%	2.13%	Reduced -2.2k	-2,200 -3.7%
9	ABBVIE INC COM ABBV	ABBV	45,414	$7.3m2.04%	2.04%	Unchanged
10	EXXON MOBIL CORP COM XOM	XOM	64,203	$7.1m1.97%	1.97%	Reduced -800	-800 -1.2%
11	NIKE INC CL B NKE	NKE	60,000	$7.0m1.95%	1.95%	Unchanged
12	BOEING CO COM BA	BA	30,949	$5.9m1.64%	1.64%	Reduced -400	-400 -1.3%
13	MCDONALDS CORP COM MCD	MCD	18,551	$4.9m1.36%	1.36%	Reduced -600	-600 -3.1%
14	ABBOTT LABS COM ABT	ABT	44,068	$4.8m1.35%	1.35%	Unchanged
15	BERKSHIRE HATHAWAY INC DEL CL B NEW BRK.B	BRK.B	15,337	$4.7m1.32%	1.32%	Reduced -400	-400 -2.5%
16	EMERSON ELEC CO COM EMR	EMR	49,000	$4.7m1.31%	1.31%	Unchanged
17	NORFOLK SOUTHN CORP COM NSC	NSC	17,600	$4.3m1.21%	1.21%	Unchanged
18	UNITED PARCEL SERVICE INC CL B UPS	UPS	24,811	$4.3m1.20%	1.20%	Reduced -1.0k	-1,000 -3.9%
19	DISNEY WALT CO COM DIS	DIS	48,040	$4.2m1.16%	1.16%	Reduced -898	-898 -1.8%
20	QUALCOMM INC COM QCOM	QCOM	34,500	$3.8m1.06%	1.06%	Unchanged
21	PEPSICO INC COM PEP	PEP	19,996	$3.6m1.01%	1.01%	Reduced -600	-600 -2.9%
22	DOVER CORP COM DOV	DOV	20,600	$2.8m0.78%	0.78%	Unchanged
23	LOWES COS INC COM LOW	LOW	13,815	$2.8m0.77%	0.77%	Unchanged
24	ORACLE CORP COM ORCL	ORCL	29,900	$2.4m0.68%	0.68%	Reduced -1.0k	-1,000 -3.2%
25	UNION PAC CORP COM UNP	UNP	11,740	$2.4m0.68%	0.68%	Unchanged
26	COCA COLA CO COM KO	KO	38,100	$2.4m0.67%	0.67%	Unchanged
27	HOWARD HUGHES CORP COM HHC	HHC	30,680	$2.3m0.65%	0.65%	Reduced -50	-50 -0.2%
28	COLGATE PALMOLIVE CO COM CL	CL	28,366	$2.2m0.62%	0.62%	Unchanged
29	L3HARRIS TECHNOLOGIES INC COM LHX	LHX	9,749	$2.0m0.56%	0.56%	Unchanged
30	HOME DEPOT INC COM HD	HD	6,183	$2.0m0.54%	0.54%	Reduced -1.7k	-1,726 -21.8%
31	BRISTOL-MYERS SQUIBB CO COM BMY	BMY	27,038	$1.9m0.54%	0.54%	Reduced -2.4k	-2,400 -8.2%
32	UNITEDHEALTH GROUP INC COM UNH	UNH	3,560	$1.9m0.53%	0.53%	Added +117	+117 3.4%
33	AMERICAN EXPRESS CO COM AXP	AXP	12,000	$1.8m0.49%	0.49%	Unchanged
34	NOVARTIS AG SPONSORED ADR NVS	NVS	17,900	$1.6m0.45%	0.45%	Unchanged
35	KINDER MORGAN INC DEL COM KMI	KMI	85,816	$1.6m0.43%	0.43%	Unchanged
36	COSTCO WHSL CORP NEW COM COST	COST	2,890	$1.3m0.37%	0.37%	Reduced -600	-600 -17.2%
37	CVS HEALTH CORP COM CVS	CVS	13,700	$1.3m0.36%	0.36%	Reduced -1.2k	-1,200 -8.1%
38	GOLDMAN SACHS GROUP INC COM GS	GS	3,640	$1.2m0.35%	0.35%	Unchanged
39	BAXTER INTL INC COM BAX	BAX	24,360	$1.2m0.35%	0.35%	Reduced -1.0k	-1,000 -3.9%
40	CHEVRON CORP NEW COM CVX	CVX	5,770	$1.0m0.29%	0.29%	Reduced -600	-600 -9.4%
41	ALPHABET INC CAP STK CL C GOOG	GOOG	11,120	$986.7k0.27%	0.27%	Reduced -1.6k	-1,600 -12.6%
42	CISCO SYS INC COM CSCO	CSCO	20,500	$976.6k0.27%	0.27%	Unchanged
43	ALIBABA GROUP HLDG LTD SPONSORED ADS BABA	BABA	10,600	$933.8k0.26%	0.26%	Unchanged
44	ACTIVISION BLIZZARD INC COM ATVI	ATVI	11,550	$884.2k0.25%	0.25%	New
45	ELEMENT SOLUTIONS INC COM ESI	ESI	46,875	$852.7k0.24%	0.24%	Unchanged
46	BANK AMERICA CORP COM BAC	BAC	24,640	$816.1k0.23%	0.23%	Unchanged
47	PFIZER INC COM PFE	PFE	14,808	$758.8k0.21%	0.21%	Reduced -1.0k	-1,000 -6.3%
48	STRYKER CORPORATION COM SYK	SYK	3,000	$733.5k0.20%	0.20%	Unchanged
49	ALPHABET INC CAP STK CL A GOOGL	GOOGL	8,020	$707.6k0.20%	0.20%	Reduced -1.6k	-1,600 -16.6%
50	MORGAN STANLEY COM NEW MS	MS	8,216	$698.5k0.19%	0.19%	Unchanged
51	SPDR S&P 500 ETF TR TR UNIT SPY	SPY	1,611	$616.1k0.17%	0.17%	Unchanged
52	J P MORGAN EXCHANGE TRADED F EQUITY PREMIUM JEPI	JEPI	9,770	$532.4k0.15%	0.15%	New
53	UNITED RENTALS INC COM URI	URI	1,380	$490.5k0.14%	0.14%	Unchanged
54	INTERNATIONAL BUSINESS MACHS COM IBM	IBM	3,050	$429.7k0.12%	0.12%	Unchanged
55	PURECYCLE TECHNOLOGIES INC COM PCT	PCT	62,800	$424.5k0.12%	0.12%	Unchanged
56	SCHLUMBERGER LTD COM STK SLB	SLB	7,223	$386.1k0.11%	0.11%	Unchanged
57	GE AEROSPACE COM NEW GE	GE	4,571	$383.0k0.11%	0.11%	Reduced -1.2k	-1,224 -21.1%
58	3M CO COM MMM	MMM	3,050	$365.8k0.10%	0.10%	Reduced -400	-400 -11.6%
59	AIR PRODS & CHEMS INC COM APD	APD	1,186	$365.6k0.10%	0.10%	Unchanged
60	VISA INC COM CL A V	V	1,389	$288.6k0.08%	0.08%	Unchanged
61	MERCK & CO INC COM MRK	MRK	2,525	$280.1k0.08%	0.08%	Unchanged
62	VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF VWO	VWO	6,850	$267.0k0.07%	0.07%	Reduced -20.7k	-20,732 -75.2%
63	BLACKROCK INC COM BLK	BLK	365	$258.6k0.07%	0.07%	Reduced -140	-140 -27.7%
64	VERIZON COMMUNICATIONS INC COM VZ	VZ	6,416	$252.8k0.07%	0.07%	Reduced -3.4k	-3,400 -34.6%
65	MONDELEZ INTL INC CL A MDLZ	MDLZ	3,500	$233.3k0.06%	0.06%	New
66	LISTED FD TR ROUNDHILL BALL METV	METV	10,000	$71.8k0.02%	0.02%	Unchanged

Sold out since Q3 2022

Security	Ticker	Shares held before	Value then
MEDTRONIC PLC MDT	MDT	2,817	$227.0k2.8k shares
BLACKROCK INNOVATION AND GRW BTX	BTX	30,000	$218.0k30.0k shares