INDEPENDENT INVESTORS INC

NESCONSET, NY · CIK 1121908 · 13F filing filed 2025-01-27

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

$505.2m reported value +2.4% vs Q3 2024

66positions

78.0%in top 10

2 new 0 added 8 reduced 5 sold out vs Q3 2024

Holdings, Q4 2024

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	1,173,797	$293.9m58.18%	58.18%	Reduced -17.2k	-17,242 -1.4%
2	MICROSOFT CORP COM MSFT	MSFT	54,528	$23.0m4.55%	4.55%	Reduced -100	-100 -0.2%
3	JPMORGAN CHASE & CO COM JPM	JPM	56,934	$13.6m2.70%	2.70%	Unchanged
4	WATERS CORP COM WAT	WAT	31,867	$11.8m2.34%	2.34%	Unchanged
5	JOHNSON & JOHNSON COM JNJ	JNJ	71,821	$10.4m2.06%	2.06%	Unchanged
6	HONEYWELL INTL INC COM COM		42,325	$9.6m1.89%	1.89%	Unchanged
7	PROCTER AND GAMBLE CO COM PG	PG	54,342	$9.1m1.80%	1.80%	Reduced -400	-400 -0.7%
8	ABBVIE INC COM ABBV	ABBV	45,388	$8.1m1.60%	1.60%	Unchanged
9	AMGEN INC COM AMGN	AMGN	30,155	$7.9m1.56%	1.56%	Unchanged
10	BERKSHIRE HATHAWAY INC DEL CL B NEW BRK.B	BRK.B	15,137	$6.9m1.36%	1.36%	Unchanged
11	EXXON MOBIL CORP COM XOM	XOM	61,953	$6.7m1.32%	1.32%	Unchanged
12	EMERSON ELEC CO COM EMR	EMR	49,000	$6.1m1.20%	1.20%	Unchanged
13	BOEING CO COM BA	BA	30,561	$5.4m1.07%	1.07%	Reduced -60	-60 -0.2%
14	QUALCOMM INC COM QCOM	QCOM	34,500	$5.3m1.05%	1.05%	Unchanged
15	MCDONALDS CORP COM MCD	MCD	18,045	$5.2m1.04%	1.04%	Unchanged
16	DISNEY WALT CO COM DIS	DIS	45,264	$5.0m1.00%	1.00%	Unchanged
17	ORACLE CORP COM ORCL	ORCL	29,900	$5.0m0.99%	0.99%	Unchanged
18	NIKE INC CL B NKE	NKE	60,000	$4.5m0.90%	0.90%	Unchanged
19	NORFOLK SOUTHN CORP COM NSC	NSC	17,600	$4.1m0.82%	0.82%	Unchanged
20	ABBOTT LABS COM ABT	ABT	36,050	$4.1m0.81%	0.81%	Unchanged
21	DOVER CORP COM DOV	DOV	20,600	$3.9m0.76%	0.76%	Unchanged
22	AMERICAN EXPRESS CO COM AXP	AXP	12,000	$3.6m0.70%	0.70%	Unchanged
23	UNITED PARCEL SERVICE INC CL B UPS	UPS	24,661	$3.1m0.62%	0.62%	Reduced -150	-150 -0.6%
24	PEPSICO INC COM PEP	PEP	19,463	$3.0m0.59%	0.59%	Reduced -500	-500 -2.5%
25	UNION PAC CORP COM UNP	UNP	11,640	$2.7m0.53%	0.53%	Unchanged
26	COSTCO WHSL CORP NEW COM COST	COST	2,890	$2.6m0.52%	0.52%	Unchanged
27	COLGATE PALMOLIVE CO COM CL	CL	28,133	$2.6m0.51%	0.51%	Unchanged
28	HOME DEPOT INC COM HD	HD	6,002	$2.3m0.46%	0.46%	Unchanged
29	COCA COLA CO COM KO	KO	36,225	$2.3m0.45%	0.45%	Unchanged
30	HOWARD HUGHES HOLDINGS INC COM HHH	HHH	29,012	$2.2m0.44%	0.44%	Unchanged
31	ALPHABET INC CAP STK CL C GOOG	GOOG	10,960	$2.1m0.41%	0.41%	Unchanged
32	GOLDMAN SACHS GROUP INC COM GS	GS	3,640	$2.1m0.41%	0.41%	Unchanged
33	L3HARRIS TECHNOLOGIES INC COM LHX	LHX	9,749	$2.1m0.41%	0.41%	Unchanged
34	NOVARTIS AG SPONSORED ADR NVS	NVS	17,900	$1.7m0.34%	0.34%	Unchanged
35	NVIDIA CORPORATION COM NVDA	NVDA	11,900	$1.6m0.32%	0.32%	Unchanged
36	UNITEDHEALTH GROUP INC COM UNH	UNH	3,015	$1.5m0.30%	0.30%	Unchanged
37	BRISTOL-MYERS SQUIBB CO COM BMY	BMY	26,938	$1.5m0.30%	0.30%	Unchanged
38	ALPHABET INC CAP STK CL A GOOGL	GOOGL	7,820	$1.5m0.29%	0.29%	Unchanged
39	ISHARES TR CORE S&P500 ETF IVV	IVV	2,093	$1.2m0.24%	0.24%	Reduced -10	-10 -0.5%
40	SPDR S&P 500 ETF TR TR UNIT SPY	SPY	2,089	$1.2m0.24%	0.24%	Unchanged
41	BANK AMERICA CORP COM BAC	BAC	24,880	$1.1m0.22%	0.22%	Unchanged
42	STRYKER CORPORATION COM SYK	SYK	3,000	$1.1m0.21%	0.21%	Unchanged
43	MORGAN STANLEY COM NEW MS	MS	7,483	$940.8k0.19%	0.19%	Unchanged
44	LOWES COS INC COM LOW	LOW	3,800	$937.8k0.19%	0.19%	Unchanged
45	UNITED RENTALS INC COM URI	URI	1,330	$936.9k0.19%	0.19%	Unchanged
46	CHEVRON CORP NEW COM CVX	CVX	6,190	$896.6k0.18%	0.18%	Unchanged
47	ALIBABA GROUP HLDG LTD SPONSORED ADS BABA	BABA	10,100	$856.4k0.17%	0.17%	Unchanged
48	PURECYCLE TECHNOLOGIES INC COM PCT	PCT	82,625	$846.9k0.17%	0.17%	Unchanged
49	KENVUE INC COM KVUE	KVUE	39,219	$837.3k0.17%	0.17%	Unchanged
50	J P MORGAN EXCHANGE TRADED F EQUITY PREMIUM JEPI	JEPI	14,420	$829.6k0.16%	0.16%	Unchanged
51	GE AEROSPACE COM NEW GE	GE	4,239	$707.0k0.14%	0.14%	Unchanged
52	KINDER MORGAN INC DEL COM KMI	KMI	19,716	$540.2k0.11%	0.11%	Reduced -3.0k	-3,000 -13.2%
53	INTERNATIONAL BUSINESS MACHS COM IBM	IBM	2,350	$516.6k0.10%	0.10%	Unchanged
54	VISA INC COM CL A V	V	1,380	$436.1k0.09%	0.09%	Unchanged
55	EATON CORP PLC SHS ETN	ETN	1,215	$403.2k0.08%	0.08%	Unchanged
56	PFIZER INC COM PFE	PFE	13,290	$352.6k0.07%	0.07%	Unchanged
57	GE VERNOVA INC COM GEV	GEV	1,027	$337.8k0.07%	0.07%	Unchanged
58	CISCO SYS INC COM CSCO	CSCO	5,500	$325.6k0.06%	0.06%	Unchanged
59	CROWDSTRIKE HLDGS INC CL A CRWD	CRWD	950	$325.1k0.06%	0.06%	Unchanged
60	AIR PRODS & CHEMS INC COM APD	APD	996	$288.9k0.06%	0.06%	Unchanged
61	ISHARES TR S&P MC 400GR ETF IJK	IJK	2,800	$254.6k0.05%	0.05%	Unchanged
62	MERCK & CO INC COM MRK	MRK	2,500	$248.7k0.05%	0.05%	Unchanged
63	ISHARES TR MSCI INDIA ETF INDA	INDA	4,500	$236.9k0.05%	0.05%	Unchanged
64	BLACKROCK INC COM BLK	BLK	225	$230.7k0.05%	0.05%	New
65	SEAPORT ENTMT GROUP INC COMMON STOCK SEG	SEG	7,680	$214.7k0.04%	0.04%	New
66	LISTED FD TR ROUNDHILL BALL METV	METV	10,000	$143.8k0.03%	0.03%	Unchanged

Sold out since Q3 2024

Security	Ticker	Shares held before	Value then
MONDELEZ INTL INC MDLZ	MDLZ	3,300	$243.1k3.3k shares
ELEMENT SOLUTIONS INC ESI	ESI	8,575	$232.9k8.6k shares
BAXTER INTL INC BAX	BAX	5,635	$214.0k5.6k shares
BLACKROCK INC BLK	BLK	225	$213.6k225 shares
SCHLUMBERGER LTD SLB	SLB	4,823	$202.3k4.8k shares