INDEPENDENT INVESTORS INC

NESCONSET, NY · CIK 1121908 · 13F filing filed 2023-10-23

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

$394.2m reported value -8.6% vs Q2 2023

67positions

75.9%in top 10

3 new 3 added 14 reduced 2 sold out vs Q2 2023

Holdings, Q3 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	1,259,199	$215.6m54.69%	54.69%	Reduced -12.0k	-12,036 -0.9%
2	MICROSOFT CORP COM MSFT	MSFT	54,661	$17.3m4.38%	4.38%	Reduced -45	-45 -0.1%
3	JOHNSON & JOHNSON COM JNJ	JNJ	72,232	$11.3m2.85%	2.85%	Reduced -4.9k	-4,883 -6.3%
4	WATERS CORP COM WAT	WAT	31,867	$8.7m2.22%	2.22%	Unchanged
5	JPMORGAN CHASE & CO COM JPM	JPM	56,949	$8.3m2.10%	2.10%	Unchanged
6	AMGEN INC COM AMGN	AMGN	30,541	$8.2m2.08%	2.08%	Unchanged
7	PROCTER AND GAMBLE CO COM PG	PG	55,850	$8.1m2.07%	2.07%	Reduced -300	-300 -0.5%
8	HONEYWELL INTL INC COM COM		42,490	$7.8m1.99%	1.99%	Unchanged
9	EXXON MOBIL CORP COM XOM	XOM	61,027	$7.2m1.82%	1.82%	Reduced -16	-16 -0.0%
10	ABBVIE INC COM ABBV	ABBV	45,388	$6.8m1.72%	1.72%	Unchanged
11	BOEING CO COM BA	BA	30,902	$5.9m1.50%	1.50%	Unchanged
12	NIKE INC CL B NKE	NKE	60,000	$5.7m1.46%	1.46%	Unchanged
13	BERKSHIRE HATHAWAY INC DEL CL B NEW BRK.B	BRK.B	15,137	$5.3m1.35%	1.35%	Reduced -200	-200 -1.3%
14	MCDONALDS CORP COM MCD	MCD	18,551	$4.9m1.24%	1.24%	Unchanged
15	EMERSON ELEC CO COM EMR	EMR	49,000	$4.7m1.20%	1.20%	Unchanged
16	UNITED PARCEL SERVICE INC CL B UPS	UPS	24,811	$3.9m0.98%	0.98%	Unchanged
17	QUALCOMM INC COM QCOM	QCOM	34,500	$3.8m0.97%	0.97%	Unchanged
18	DISNEY WALT CO COM DIS	DIS	46,412	$3.8m0.95%	0.95%	Reduced -1.3k	-1,320 -2.8%
19	ABBOTT LABS COM ABT	ABT	36,050	$3.5m0.89%	0.89%	Unchanged
20	NORFOLK SOUTHN CORP COM NSC	NSC	17,600	$3.5m0.88%	0.88%	Unchanged
21	PEPSICO INC COM PEP	PEP	19,996	$3.4m0.86%	0.86%	Unchanged
22	ORACLE CORP COM ORCL	ORCL	29,900	$3.2m0.80%	0.80%	Unchanged
23	DOVER CORP COM DOV	DOV	20,600	$2.9m0.73%	0.73%	Unchanged
24	UNION PAC CORP COM UNP	UNP	11,740	$2.4m0.61%	0.61%	Unchanged
25	HOWARD HUGHES HOLDINGS INC COM HHH	HHH	29,512	$2.2m0.55%	0.55%	New
26	COCA COLA CO COM KO	KO	36,225	$2.0m0.51%	0.51%	Unchanged
27	COLGATE PALMOLIVE CO COM CL	CL	28,166	$2.0m0.51%	0.51%	Reduced -200	-200 -0.7%
28	NOVARTIS AG SPONSORED ADR NVS	NVS	17,900	$1.8m0.46%	0.46%	Unchanged
29	HOME DEPOT INC COM HD	HD	6,022	$1.8m0.46%	0.46%	Unchanged
30	AMERICAN EXPRESS CO COM AXP	AXP	12,000	$1.8m0.45%	0.45%	Unchanged
31	UNITEDHEALTH GROUP INC COM UNH	UNH	3,540	$1.8m0.45%	0.45%	Unchanged
32	L3HARRIS TECHNOLOGIES INC COM LHX	LHX	9,749	$1.7m0.43%	0.43%	Unchanged
33	COSTCO WHSL CORP NEW COM COST	COST	2,890	$1.6m0.41%	0.41%	Unchanged
34	BRISTOL-MYERS SQUIBB CO COM BMY	BMY	26,938	$1.6m0.40%	0.40%	Reduced -100	-100 -0.4%
35	ALPHABET INC CAP STK CL C GOOG	GOOG	11,060	$1.5m0.37%	0.37%	Unchanged
36	GOLDMAN SACHS GROUP INC COM GS	GS	3,640	$1.2m0.30%	0.30%	Unchanged
37	ACTIVISION BLIZZARD INC COM ATVI	ATVI	11,550	$1.1m0.27%	0.27%	Unchanged
38	ALPHABET INC CAP STK CL A GOOGL	GOOGL	7,820	$1.0m0.26%	0.26%	Unchanged
39	CHEVRON CORP NEW COM CVX	CVX	5,770	$972.9k0.25%	0.25%	Unchanged
40	ALIBABA GROUP HLDG LTD SPONSORED ADS BABA	BABA	10,600	$919.4k0.23%	0.23%	Unchanged
41	STRYKER CORPORATION COM SYK	SYK	3,000	$819.8k0.21%	0.21%	Unchanged
42	ISHARES TR CORE S&P500 ETF IVV	IVV	1,890	$811.6k0.21%	0.21%	New
43	LOWES COS INC COM LOW	LOW	3,815	$792.9k0.20%	0.20%	Unchanged
44	CVS HEALTH CORP COM CVS	CVS	11,300	$789.0k0.20%	0.20%	Reduced -1.1k	-1,100 -8.9%
45	KENVUE INC COM KVUE	KVUE	39,219	$787.5k0.20%	0.20%	New
46	J P MORGAN EXCHANGE TRADED F EQUITY PREMIUM JEPI	JEPI	14,570	$780.4k0.20%	0.20%	Added +2.8k	+2,800 23.8%
47	SPDR S&P 500 ETF TR TR UNIT SPY	SPY	1,755	$750.2k0.19%	0.19%	Added +94	+94 5.7%
48	BANK AMERICA CORP COM BAC	BAC	25,130	$688.1k0.17%	0.17%	Unchanged
49	MORGAN STANLEY COM NEW MS	MS	7,616	$622.0k0.16%	0.16%	Unchanged
50	UNITED RENTALS INC COM URI	URI	1,380	$613.5k0.16%	0.16%	Unchanged
51	KINDER MORGAN INC DEL COM KMI	KMI	33,816	$560.7k0.14%	0.14%	Unchanged
52	NVIDIA CORPORATION COM NVDA	NVDA	1,190	$517.6k0.13%	0.13%	Added +160	+160 15.5%
53	GE AEROSPACE COM NEW GE	GE	4,300	$475.4k0.12%	0.12%	Reduced -84	-84 -1.9%
54	PFIZER INC COM PFE	PFE	13,976	$463.6k0.12%	0.12%	Reduced -832	-832 -5.6%
55	INTERNATIONAL BUSINESS MACHS COM IBM	IBM	3,050	$427.9k0.11%	0.11%	Unchanged
56	SCHLUMBERGER LTD COM STK SLB	SLB	7,223	$421.1k0.11%	0.11%	Unchanged
57	PURECYCLE TECHNOLOGIES INC COM PCT	PCT	62,800	$352.3k0.09%	0.09%	Unchanged
58	AIR PRODS & CHEMS INC COM APD	APD	1,186	$336.1k0.09%	0.09%	Unchanged
59	VISA INC COM CL A V	V	1,380	$317.4k0.08%	0.08%	Reduced -9	-9 -0.7%
60	CISCO SYS INC COM CSCO	CSCO	5,500	$295.7k0.08%	0.08%	Unchanged
61	BAXTER INTL INC COM BAX	BAX	7,635	$288.1k0.07%	0.07%	Unchanged
62	MERCK & CO INC COM MRK	MRK	2,525	$259.9k0.07%	0.07%	Unchanged
63	EATON CORP PLC SHS ETN	ETN	1,215	$259.1k0.07%	0.07%	Unchanged
64	MONDELEZ INTL INC CL A MDLZ	MDLZ	3,500	$242.9k0.06%	0.06%	Unchanged
65	VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF VWO	VWO	5,450	$213.7k0.05%	0.05%	Reduced -100	-100 -1.8%
66	ISHARES TR S&P MC 400GR ETF IJK	IJK	2,800	$202.3k0.05%	0.05%	Unchanged
67	LISTED FD TR ROUNDHILL BALL METV	METV	10,000	$94.8k0.02%	0.02%	Unchanged

Sold out since Q2 2023

Security	Ticker	Shares held before	Value then
HOWARD HUGHES CORP HHC	HHC	29,512	$2.3m29.5k shares
3M CO MMM	MMM	2,000	$200.2k2.0k shares