INDEPENDENT INVESTORS INC

NESCONSET, NY · CIK 1121908 · 13F filing filed 2023-07-19

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

$431.2m reported value +7.0% vs Q1 2023

66positions

77.0%in top 10

0 new 1 added 19 reduced 3 sold out vs Q1 2023

Holdings, Q2 2023

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	1,271,235	$246.6m57.18%	57.18%	Reduced -30.7k	-30,668 -2.4%
2	MICROSOFT CORP COM MSFT	MSFT	54,706	$18.6m4.32%	4.32%	Reduced -100	-100 -0.2%
3	JOHNSON & JOHNSON COM JNJ	JNJ	77,115	$12.8m2.96%	2.96%	Unchanged
4	HONEYWELL INTL INC COM COM		42,490	$8.8m2.04%	2.04%	Unchanged
5	PROCTER AND GAMBLE CO COM PG	PG	56,150	$8.5m1.98%	1.98%	Reduced -2.0k	-2,000 -3.4%
6	WATERS CORP COM WAT	WAT	31,867	$8.5m1.97%	1.97%	Unchanged
7	JPMORGAN CHASE & CO COM JPM	JPM	56,949	$8.3m1.92%	1.92%	Unchanged
8	AMGEN INC COM AMGN	AMGN	30,541	$6.8m1.57%	1.57%	Unchanged
9	NIKE INC CL B NKE	NKE	60,000	$6.6m1.54%	1.54%	Unchanged
10	EXXON MOBIL CORP COM XOM	XOM	61,043	$6.5m1.52%	1.52%	Unchanged
11	BOEING CO COM BA	BA	30,902	$6.5m1.51%	1.51%	Reduced -47	-47 -0.1%
12	ABBVIE INC COM ABBV	ABBV	45,388	$6.1m1.42%	1.42%	Reduced -26	-26 -0.1%
13	MCDONALDS CORP COM MCD	MCD	18,551	$5.5m1.28%	1.28%	Unchanged
14	BERKSHIRE HATHAWAY INC DEL CL B NEW BRK.B	BRK.B	15,337	$5.2m1.21%	1.21%	Unchanged
15	UNITED PARCEL SERVICE INC CL B UPS	UPS	24,811	$4.4m1.03%	1.03%	Unchanged
16	EMERSON ELEC CO COM EMR	EMR	49,000	$4.4m1.03%	1.03%	Unchanged
17	DISNEY WALT CO COM DIS	DIS	47,732	$4.3m0.99%	0.99%	Reduced -308	-308 -0.6%
18	QUALCOMM INC COM QCOM	QCOM	34,500	$4.1m0.95%	0.95%	Unchanged
19	NORFOLK SOUTHN CORP COM NSC	NSC	17,600	$4.0m0.93%	0.93%	Unchanged
20	ABBOTT LABS COM ABT	ABT	36,050	$3.9m0.91%	0.91%	Reduced -8.0k	-8,018 -18.2%
21	PEPSICO INC COM PEP	PEP	19,996	$3.7m0.86%	0.86%	Unchanged
22	ORACLE CORP COM ORCL	ORCL	29,900	$3.6m0.83%	0.83%	Unchanged
23	DOVER CORP COM DOV	DOV	20,600	$3.0m0.71%	0.71%	Unchanged
24	UNION PAC CORP COM UNP	UNP	11,740	$2.4m0.56%	0.56%	Unchanged
25	HOWARD HUGHES CORP COM HHC	HHC	29,512	$2.3m0.54%	0.54%	Reduced -1.2k	-1,168 -3.8%
26	COLGATE PALMOLIVE CO COM CL	CL	28,366	$2.2m0.51%	0.51%	Unchanged
27	COCA COLA CO COM KO	KO	36,225	$2.2m0.51%	0.51%	Unchanged
28	AMERICAN EXPRESS CO COM AXP	AXP	12,000	$2.1m0.48%	0.48%	Unchanged
29	L3HARRIS TECHNOLOGIES INC COM LHX	LHX	9,749	$1.9m0.44%	0.44%	Unchanged
30	HOME DEPOT INC COM HD	HD	6,022	$1.9m0.43%	0.43%	Reduced -161	-161 -2.6%
31	NOVARTIS AG SPONSORED ADR NVS	NVS	17,900	$1.8m0.42%	0.42%	Unchanged
32	BRISTOL-MYERS SQUIBB CO COM BMY	BMY	27,038	$1.7m0.40%	0.40%	Unchanged
33	UNITEDHEALTH GROUP INC COM UNH	UNH	3,540	$1.7m0.39%	0.39%	Reduced -20	-20 -0.6%
34	COSTCO WHSL CORP NEW COM COST	COST	2,890	$1.6m0.36%	0.36%	Unchanged
35	ALPHABET INC CAP STK CL C GOOG	GOOG	11,060	$1.3m0.31%	0.31%	Reduced -60	-60 -0.5%
36	GOLDMAN SACHS GROUP INC COM GS	GS	3,640	$1.2m0.27%	0.27%	Unchanged
37	ACTIVISION BLIZZARD INC COM ATVI	ATVI	11,550	$973.7k0.23%	0.23%	Unchanged
38	ALPHABET INC CAP STK CL A GOOGL	GOOGL	7,820	$936.1k0.22%	0.22%	Unchanged
39	STRYKER CORPORATION COM SYK	SYK	3,000	$915.3k0.21%	0.21%	Unchanged
40	CHEVRON CORP NEW COM CVX	CVX	5,770	$907.9k0.21%	0.21%	Unchanged
41	ALIBABA GROUP HLDG LTD SPONSORED ADS BABA	BABA	10,600	$883.5k0.20%	0.20%	Unchanged
42	LOWES COS INC COM LOW	LOW	3,815	$861.0k0.20%	0.20%	Reduced -10.0k	-10,000 -72.4%
43	CVS HEALTH CORP COM CVS	CVS	12,400	$857.2k0.20%	0.20%	Reduced -1.3k	-1,300 -9.5%
44	SPDR S&P 500 ETF TR TR UNIT SPY	SPY	1,661	$736.3k0.17%	0.17%	Unchanged
45	BANK AMERICA CORP COM BAC	BAC	25,130	$721.0k0.17%	0.17%	Unchanged
46	PURECYCLE TECHNOLOGIES INC COM PCT	PCT	62,800	$671.3k0.16%	0.16%	Unchanged
47	J P MORGAN EXCHANGE TRADED F EQUITY PREMIUM JEPI	JEPI	11,770	$651.2k0.15%	0.15%	Added +1.0k	+1,000 9.3%
48	MORGAN STANLEY COM NEW MS	MS	7,616	$650.4k0.15%	0.15%	Reduced -600	-600 -7.3%
49	UNITED RENTALS INC COM URI	URI	1,380	$614.6k0.14%	0.14%	Unchanged
50	KINDER MORGAN INC DEL COM KMI	KMI	33,816	$582.3k0.14%	0.14%	Reduced -52.0k	-52,000 -60.6%
51	PFIZER INC COM PFE	PFE	14,808	$543.2k0.13%	0.13%	Unchanged
52	GE AEROSPACE COM NEW GE	GE	4,384	$481.6k0.11%	0.11%	Reduced -187	-187 -4.1%
53	NVIDIA CORPORATION COM NVDA	NVDA	1,030	$435.7k0.10%	0.10%	Unchanged
54	INTERNATIONAL BUSINESS MACHS COM IBM	IBM	3,050	$408.1k0.09%	0.09%	Unchanged
55	AIR PRODS & CHEMS INC COM APD	APD	1,186	$355.2k0.08%	0.08%	Unchanged
56	SCHLUMBERGER LTD COM STK SLB	SLB	7,223	$354.8k0.08%	0.08%	Unchanged
57	BAXTER INTL INC COM BAX	BAX	7,635	$347.9k0.08%	0.08%	Reduced -16.7k	-16,725 -68.7%
58	VISA INC COM CL A V	V	1,389	$329.9k0.08%	0.08%	Unchanged
59	MERCK & CO INC COM MRK	MRK	2,525	$291.4k0.07%	0.07%	Unchanged
60	CISCO SYS INC COM CSCO	CSCO	5,500	$284.6k0.07%	0.07%	Reduced -15.0k	-15,000 -73.2%
61	MONDELEZ INTL INC CL A MDLZ	MDLZ	3,500	$255.3k0.06%	0.06%	Unchanged
62	EATON CORP PLC SHS ETN	ETN	1,215	$244.3k0.06%	0.06%	Unchanged
63	VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF VWO	VWO	5,550	$225.8k0.05%	0.05%	Reduced -1.3k	-1,300 -19.0%
64	ISHARES TR S&P MC 400GR ETF IJK	IJK	2,800	$210.0k0.05%	0.05%	Unchanged
65	3M CO COM MMM	MMM	2,000	$200.2k0.05%	0.05%	Unchanged
66	LISTED FD TR ROUNDHILL BALL METV	METV	10,000	$103.8k0.02%	0.02%	Unchanged

Sold out since Q1 2023

Security	Ticker	Shares held before	Value then
ELEMENT SOLUTIONS INC ESI	ESI	41,375	$799.0k41.4k shares
VERIZON COMMUNICATIONS INC VZ	VZ	6,416	$249.5k6.4k shares
BLACKROCK INC BLK	BLK	325	$217.5k325 shares