INDEPENDENT INVESTORS INC

NESCONSET, NY · CIK 1121908 · 13F filing filed 2025-05-01

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

$471.3m reported value -6.7% vs Q4 2024

70positions

76.3%in top 10

5 new 9 added 12 reduced 1 sold out vs Q4 2024

Holdings, Q1 2025

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	1,155,571	$256.7m54.47%	54.47%	Reduced -18.2k	-18,226 -1.6%
2	MICROSOFT CORP COM MSFT	MSFT	54,523	$20.5m4.34%	4.34%	Reduced -5	-5 -0.0%
3	JPMORGAN CHASE & CO COM JPM	JPM	56,934	$14.0m2.96%	2.96%	Unchanged
4	JOHNSON & JOHNSON COM JNJ	JNJ	71,771	$11.9m2.53%	2.53%	Reduced -50	-50 -0.1%
5	WATERS CORP COM WAT	WAT	31,767	$11.7m2.48%	2.48%	Reduced -100	-100 -0.3%
6	ABBVIE INC COM ABBV	ABBV	45,388	$9.5m2.02%	2.02%	Unchanged
7	AMGEN INC COM AMGN	AMGN	29,755	$9.3m1.97%	1.97%	Reduced -400	-400 -1.3%
8	PROCTER AND GAMBLE CO COM PG	PG	53,642	$9.1m1.94%	1.94%	Reduced -700	-700 -1.3%
9	HONEYWELL INTL INC COM COM		42,325	$9.0m1.90%	1.90%	Unchanged
10	BERKSHIRE HATHAWAY INC DEL CL B NEW BRK.B	BRK.B	15,137	$8.1m1.71%	1.71%	Unchanged
11	EXXON MOBIL CORP COM XOM	XOM	61,953	$7.4m1.56%	1.56%	Unchanged
12	MCDONALDS CORP COM MCD	MCD	18,045	$5.6m1.20%	1.20%	Unchanged
13	EMERSON ELEC CO COM EMR	EMR	49,000	$5.4m1.14%	1.14%	Unchanged
14	QUALCOMM INC COM QCOM	QCOM	34,500	$5.3m1.12%	1.12%	Unchanged
15	BOEING CO COM BA	BA	30,561	$5.2m1.11%	1.11%	Unchanged
16	ABBOTT LABS COM ABT	ABT	36,050	$4.8m1.01%	1.01%	Unchanged
17	DISNEY WALT CO COM DIS	DIS	45,401	$4.5m0.95%	0.95%	Added +137	+137 0.3%
18	ORACLE CORP COM ORCL	ORCL	29,900	$4.2m0.89%	0.89%	Unchanged
19	NORFOLK SOUTHN CORP COM NSC	NSC	17,600	$4.2m0.88%	0.88%	Unchanged
20	NIKE INC CL B NKE	NKE	60,000	$3.8m0.81%	0.81%	Unchanged
21	DOVER CORP COM DOV	DOV	20,600	$3.6m0.77%	0.77%	Unchanged
22	AMERICAN EXPRESS CO COM AXP	AXP	12,000	$3.2m0.69%	0.69%	Unchanged
23	PEPSICO INC COM PEP	PEP	19,463	$2.9m0.62%	0.62%	Unchanged
24	UNION PAC CORP COM UNP	UNP	11,640	$2.7m0.58%	0.58%	Unchanged
25	COSTCO WHSL CORP NEW COM COST	COST	2,890	$2.7m0.58%	0.58%	Unchanged
26	UNITED PARCEL SERVICE INC CL B UPS	UPS	24,650	$2.7m0.58%	0.58%	Reduced -11	-11 -0.0%
27	COLGATE PALMOLIVE CO COM CL	CL	28,133	$2.6m0.56%	0.56%	Unchanged
28	COCA COLA CO COM KO	KO	35,600	$2.5m0.54%	0.54%	Reduced -625	-625 -1.7%
29	HOME DEPOT INC COM HD	HD	6,610	$2.4m0.51%	0.51%	Added +608	+608 10.1%
30	HOWARD HUGHES HOLDINGS INC COM HHH	HHH	29,012	$2.1m0.46%	0.46%	Unchanged
31	L3HARRIS TECHNOLOGIES INC COM LHX	LHX	9,749	$2.0m0.43%	0.43%	Unchanged
32	NOVARTIS AG SPONSORED ADR NVS	NVS	17,900	$2.0m0.42%	0.42%	Unchanged
33	GOLDMAN SACHS GROUP INC COM GS	GS	3,640	$2.0m0.42%	0.42%	Unchanged
34	NVIDIA CORPORATION COM NVDA	NVDA	17,865	$1.9m0.41%	0.41%	Added +6.0k	+5,965 50.1%
35	BRISTOL-MYERS SQUIBB CO COM BMY	BMY	26,938	$1.6m0.35%	0.35%	Unchanged
36	ALPHABET INC CAP STK CL C GOOG	GOOG	10,430	$1.6m0.35%	0.35%	Reduced -530	-530 -4.8%
37	UNITEDHEALTH GROUP INC COM UNH	UNH	3,010	$1.6m0.33%	0.33%	Reduced -5	-5 -0.2%
38	ALIBABA GROUP HLDG LTD SPONSORED ADS BABA	BABA	10,100	$1.3m0.28%	0.28%	Unchanged
39	ALPHABET INC CAP STK CL A GOOGL	GOOGL	7,820	$1.2m0.26%	0.26%	Unchanged
40	ISHARES TR CORE S&P500 ETF IVV	IVV	2,096	$1.2m0.25%	0.25%	Added +3	+3 0.1%
41	CHEVRON CORP NEW COM CVX	CVX	6,990	$1.2m0.25%	0.25%	Added +800	+800 12.9%
42	STRYKER CORPORATION COM SYK	SYK	3,000	$1.1m0.24%	0.24%	Unchanged
43	SPDR S&P 500 ETF TR TR UNIT SPY	SPY	1,972	$1.1m0.23%	0.23%	Reduced -117	-117 -5.6%
44	BANK AMERICA CORP COM BAC	BAC	24,880	$1.0m0.22%	0.22%	Unchanged
45	J P MORGAN EXCHANGE TRADED F EQUITY PREMIUM JEPI	JEPI	16,665	$952.2k0.20%	0.20%	Added +2.2k	+2,245 15.6%
46	KENVUE INC COM KVUE	KVUE	39,219	$940.5k0.20%	0.20%	Unchanged
47	LOWES COS INC COM LOW	LOW	3,800	$886.3k0.19%	0.19%	Unchanged
48	GE AEROSPACE COM NEW GE	GE	4,239	$848.4k0.18%	0.18%	Unchanged
49	UNITED RENTALS INC COM URI	URI	1,330	$833.5k0.18%	0.18%	Unchanged
50	MORGAN STANLEY COM NEW MS	MS	6,983	$814.7k0.17%	0.17%	Reduced -500	-500 -6.7%
51	UBER TECHNOLOGIES INC COM UBER	UBER	9,015	$656.8k0.14%	0.14%	New
52	INTERNATIONAL BUSINESS MACHS COM IBM	IBM	2,350	$584.4k0.12%	0.12%	Unchanged
53	PURECYCLE TECHNOLOGIES INC COM PCT	PCT	82,625	$571.8k0.12%	0.12%	Unchanged
54	KINDER MORGAN INC DEL COM KMI	KMI	19,716	$562.5k0.12%	0.12%	Unchanged
55	CISCO SYS INC COM CSCO	CSCO	8,270	$510.3k0.11%	0.11%	Added +2.8k	+2,770 50.4%
56	VISA INC COM CL A V	V	1,380	$483.6k0.10%	0.10%	Unchanged
57	CROWDSTRIKE HLDGS INC CL A CRWD	CRWD	1,320	$465.4k0.10%	0.10%	Added +370	+370 39.0%
58	AMAZON COM INC COM AMZN	AMZN	2,235	$425.2k0.09%	0.09%	New
59	PFIZER INC COM PFE	PFE	13,290	$336.8k0.07%	0.07%	Unchanged
60	EATON CORP PLC SHS ETN	ETN	1,215	$330.3k0.07%	0.07%	Unchanged
61	GE VERNOVA INC COM GEV	GEV	1,027	$313.5k0.07%	0.07%	Unchanged
62	AIR PRODS & CHEMS INC COM APD	APD	996	$293.7k0.06%	0.06%	Unchanged
63	ISHARES TR MSCI INDIA ETF INDA	INDA	5,620	$289.3k0.06%	0.06%	Added +1.1k	+1,120 24.9%
64	J P MORGAN EXCHANGE TRADED F NASDAQ EQT PREM JEPQ	JEPQ	5,045	$261.2k0.06%	0.06%	New
65	ISHARES TR S&P MC 400GR ETF IJK	IJK	2,800	$233.2k0.05%	0.05%	Unchanged
66	MERCK & CO INC COM MRK	MRK	2,500	$224.4k0.05%	0.05%	Unchanged
67	MONDELEZ INTL INC CL A MDLZ	MDLZ	3,300	$223.9k0.05%	0.05%	New
68	BLACKROCK INC COM BLK	BLK	225	$213.0k0.05%	0.05%	Unchanged
69	SCHLUMBERGER LTD COM STK SLB	SLB	4,800	$200.6k0.04%	0.04%	New
70	LISTED FD TR ROUNDHILL BALL METV	METV	10,000	$134.9k0.03%	0.03%	Unchanged

Sold out since Q4 2024

Security	Ticker	Shares held before	Value then
SEAPORT ENTMT GROUP INC SEG	SEG	7,680	$214.7k7.7k shares