INDEPENDENT INVESTORS INC

NESCONSET, NY · CIK 1121908 · 13F filing filed 2024-01-12

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

$434.5m reported value +10.2% vs Q3 2023

67positions

76.5%in top 10

2 new 4 added 19 reduced 2 sold out vs Q3 2023

Holdings, Q4 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	1,244,589	$239.6m55.15%	55.15%	Reduced -14.6k	-14,610 -1.2%
2	MICROSOFT CORP COM MSFT	MSFT	54,628	$20.5m4.73%	4.73%	Reduced -33	-33 -0.1%
3	JOHNSON & JOHNSON COM JNJ	JNJ	72,232	$11.3m2.61%	2.61%	Unchanged
4	WATERS CORP COM WAT	WAT	31,867	$10.5m2.41%	2.41%	Unchanged
5	JPMORGAN CHASE & CO COM JPM	JPM	57,049	$9.7m2.23%	2.23%	Added +100	+100 0.2%
6	HONEYWELL INTL INC COM COM		42,490	$8.9m2.05%	2.05%	Unchanged
7	AMGEN INC COM AMGN	AMGN	30,541	$8.8m2.02%	2.02%	Unchanged
8	PROCTER AND GAMBLE CO COM PG	PG	55,217	$8.1m1.86%	1.86%	Reduced -633	-633 -1.1%
9	BOEING CO COM BA	BA	30,836	$8.0m1.85%	1.85%	Reduced -66	-66 -0.2%
10	ABBVIE INC COM ABBV	ABBV	45,388	$7.0m1.62%	1.62%	Unchanged
11	NIKE INC CL B NKE	NKE	60,000	$6.5m1.50%	1.50%	Unchanged
12	EXXON MOBIL CORP COM XOM	XOM	60,994	$6.1m1.40%	1.40%	Reduced -33	-33 -0.1%
13	MCDONALDS CORP COM MCD	MCD	18,485	$5.5m1.26%	1.26%	Reduced -66	-66 -0.4%
14	BERKSHIRE HATHAWAY INC DEL CL B NEW BRK.B	BRK.B	15,137	$5.4m1.24%	1.24%	Unchanged
15	QUALCOMM INC COM QCOM	QCOM	34,500	$5.0m1.15%	1.15%	Unchanged
16	EMERSON ELEC CO COM EMR	EMR	49,000	$4.8m1.10%	1.10%	Unchanged
17	NORFOLK SOUTHN CORP COM NSC	NSC	17,600	$4.2m0.96%	0.96%	Unchanged
18	DISNEY WALT CO COM DIS	DIS	45,579	$4.1m0.95%	0.95%	Reduced -833	-833 -1.8%
19	ABBOTT LABS COM ABT	ABT	36,050	$4.0m0.91%	0.91%	Unchanged
20	UNITED PARCEL SERVICE INC CL B UPS	UPS	24,911	$3.9m0.90%	0.90%	Added +100	+100 0.4%
21	PEPSICO INC COM PEP	PEP	19,963	$3.4m0.78%	0.78%	Reduced -33	-33 -0.2%
22	DOVER CORP COM DOV	DOV	20,600	$3.2m0.73%	0.73%	Unchanged
23	ORACLE CORP COM ORCL	ORCL	29,900	$3.2m0.73%	0.73%	Unchanged
24	UNION PAC CORP COM UNP	UNP	11,740	$2.9m0.66%	0.66%	Unchanged
25	HOWARD HUGHES HOLDINGS INC COM HHH	HHH	29,012	$2.5m0.57%	0.57%	Reduced -500	-500 -1.7%
26	AMERICAN EXPRESS CO COM AXP	AXP	12,000	$2.2m0.52%	0.52%	Unchanged
27	COLGATE PALMOLIVE CO COM CL	CL	28,133	$2.2m0.52%	0.52%	Reduced -33	-33 -0.1%
28	COCA COLA CO COM KO	KO	36,225	$2.1m0.49%	0.49%	Unchanged
29	HOME DEPOT INC COM HD	HD	6,052	$2.1m0.48%	0.48%	Added +30	+30 0.5%
30	L3HARRIS TECHNOLOGIES INC COM LHX	LHX	9,749	$2.1m0.47%	0.47%	Unchanged
31	COSTCO WHSL CORP NEW COM COST	COST	2,890	$1.9m0.44%	0.44%	Unchanged
32	UNITEDHEALTH GROUP INC COM UNH	UNH	3,540	$1.9m0.43%	0.43%	Unchanged
33	NOVARTIS AG SPONSORED ADR NVS	NVS	17,900	$1.8m0.42%	0.42%	Unchanged
34	ALPHABET INC CAP STK CL C GOOG	GOOG	11,060	$1.6m0.36%	0.36%	Unchanged
35	GOLDMAN SACHS GROUP INC COM GS	GS	3,640	$1.4m0.32%	0.32%	Unchanged
36	BRISTOL-MYERS SQUIBB CO COM BMY	BMY	26,938	$1.4m0.32%	0.32%	Unchanged
37	ALPHABET INC CAP STK CL A GOOGL	GOOGL	7,820	$1.1m0.25%	0.25%	Unchanged
38	STRYKER CORPORATION COM SYK	SYK	3,000	$898.4k0.21%	0.21%	Unchanged
39	ISHARES TR CORE S&P500 ETF IVV	IVV	1,870	$893.2k0.21%	0.21%	Reduced -20	-20 -1.1%
40	CHEVRON CORP NEW COM CVX	CVX	5,770	$860.7k0.20%	0.20%	Unchanged
41	LOWES COS INC COM LOW	LOW	3,815	$849.0k0.20%	0.20%	Unchanged
42	BANK AMERICA CORP COM BAC	BAC	25,130	$846.1k0.19%	0.19%	Unchanged
43	KENVUE INC COM KVUE	KVUE	39,219	$844.4k0.19%	0.19%	Unchanged
44	SPDR S&P 500 ETF TR TR UNIT SPY	SPY	1,755	$834.2k0.19%	0.19%	Unchanged
45	J P MORGAN EXCHANGE TRADED F EQUITY PREMIUM JEPI	JEPI	14,570	$801.1k0.18%	0.18%	Unchanged
46	UNITED RENTALS INC COM URI	URI	1,380	$791.3k0.18%	0.18%	Unchanged
47	ALIBABA GROUP HLDG LTD SPONSORED ADS BABA	BABA	10,100	$782.9k0.18%	0.18%	Reduced -500	-500 -4.7%
48	MORGAN STANLEY COM NEW MS	MS	7,483	$697.8k0.16%	0.16%	Reduced -133	-133 -1.8%
49	NVIDIA CORPORATION COM NVDA	NVDA	1,190	$589.3k0.14%	0.14%	Unchanged
50	CVS HEALTH CORP COM CVS	CVS	7,300	$576.4k0.13%	0.13%	Reduced -4.0k	-4,000 -35.4%
51	GE AEROSPACE COM NEW GE	GE	4,292	$547.8k0.13%	0.13%	Reduced -8	-8 -0.2%
52	KINDER MORGAN INC DEL COM KMI	KMI	28,616	$504.8k0.12%	0.12%	Reduced -5.2k	-5,200 -15.4%
53	PFIZER INC COM PFE	PFE	13,876	$399.5k0.09%	0.09%	Reduced -100	-100 -0.7%
54	INTERNATIONAL BUSINESS MACHS COM IBM	IBM	2,350	$384.3k0.09%	0.09%	Reduced -700	-700 -22.9%
55	VISA INC COM CL A V	V	1,380	$359.3k0.08%	0.08%	Unchanged
56	PURECYCLE TECHNOLOGIES INC COM PCT	PCT	82,875	$335.6k0.08%	0.08%	Added +20.1k	+20,075 32.0%
57	AIR PRODS & CHEMS INC COM APD	APD	1,186	$324.7k0.07%	0.07%	Unchanged
58	BAXTER INTL INC COM BAX	BAX	7,635	$295.2k0.07%	0.07%	Unchanged
59	CROWDSTRIKE HLDGS INC CL A CRWD	CRWD	1,150	$293.6k0.07%	0.07%	New
60	EATON CORP PLC SHS ETN	ETN	1,215	$292.6k0.07%	0.07%	Unchanged
61	CISCO SYS INC COM CSCO	CSCO	5,500	$277.9k0.06%	0.06%	Unchanged
62	MERCK & CO INC COM MRK	MRK	2,525	$275.3k0.06%	0.06%	Unchanged
63	SCHLUMBERGER LTD COM STK SLB	SLB	5,223	$271.8k0.06%	0.06%	Reduced -2.0k	-2,000 -27.7%
64	MONDELEZ INTL INC CL A MDLZ	MDLZ	3,500	$253.5k0.06%	0.06%	Unchanged
65	ISHARES TR S&P MC 400GR ETF IJK	IJK	2,800	$221.8k0.05%	0.05%	Unchanged
66	3M CO COM MMM	MMM	2,000	$218.6k0.05%	0.05%	New
67	LISTED FD TR ROUNDHILL BALL METV	METV	10,000	$115.1k0.03%	0.03%	Unchanged

Sold out since Q3 2023

Security	Ticker	Shares held before	Value then
ACTIVISION BLIZZARD INC ATVI	ATVI	11,550	$1.1m11.6k shares
VANGUARD INTL EQUITY INDEX F VWO	VWO	5,450	$213.7k5.5k shares