INDEPENDENT INVESTORS INC

NESCONSET, NY · CIK 1121908 · 13F filing filed 2025-07-18

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

$459.1m reported value -2.6% vs Q1 2025

67positions

73.3%in top 10

0 new 1 added 16 reduced 3 sold out vs Q1 2025

Holdings, Q2 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	1,122,721	$230.3m50.18%	50.18%	Reduced -32.9k	-32,850 -2.8%
2	MICROSOFT CORP COM MSFT	MSFT	54,523	$27.1m5.91%	5.91%	Unchanged
3	JPMORGAN CHASE & CO COM JPM	JPM	56,934	$16.5m3.60%	3.60%	Unchanged
4	JOHNSON & JOHNSON COM JNJ	JNJ	71,771	$11.0m2.39%	2.39%	Unchanged
5	HONEYWELL INTL INC COM COM		42,325	$9.9m2.15%	2.15%	Unchanged
6	WATERS CORP COM WAT	WAT	26,267	$9.2m2.00%	2.00%	Reduced -5.5k	-5,500 -17.3%
7	ABBVIE INC COM ABBV	ABBV	45,388	$8.4m1.84%	1.84%	Unchanged
8	PROCTER AND GAMBLE CO COM PG	PG	52,342	$8.3m1.82%	1.82%	Reduced -1.3k	-1,300 -2.4%
9	AMGEN INC COM AMGN	AMGN	29,755	$8.3m1.81%	1.81%	Unchanged
10	BERKSHIRE HATHAWAY INC DEL CL B NEW BRK.B	BRK.B	15,137	$7.4m1.60%	1.60%	Unchanged
11	EXXON MOBIL CORP COM XOM	XOM	61,953	$6.7m1.45%	1.45%	Unchanged
12	ORACLE CORP COM ORCL	ORCL	29,900	$6.5m1.42%	1.42%	Unchanged
13	EMERSON ELEC CO COM EMR	EMR	49,000	$6.5m1.42%	1.42%	Unchanged
14	BOEING CO COM BA	BA	30,461	$6.4m1.39%	1.39%	Reduced -100	-100 -0.3%
15	NVIDIA CORPORATION COM NVDA	NVDA	38,465	$6.1m1.32%	1.32%	Added +20.6k	+20,600 115.3%
16	DISNEY WALT CO COM DIS	DIS	45,401	$5.6m1.23%	1.23%	Unchanged
17	QUALCOMM INC COM QCOM	QCOM	34,500	$5.5m1.20%	1.20%	Unchanged
18	MCDONALDS CORP COM MCD	MCD	17,795	$5.2m1.13%	1.13%	Reduced -250	-250 -1.4%
19	ABBOTT LABS COM ABT	ABT	36,050	$4.9m1.07%	1.07%	Unchanged
20	NORFOLK SOUTHN CORP COM NSC	NSC	17,600	$4.5m0.98%	0.98%	Unchanged
21	NIKE INC CL B NKE	NKE	60,000	$4.3m0.93%	0.93%	Unchanged
22	AMERICAN EXPRESS CO COM AXP	AXP	12,000	$3.8m0.83%	0.83%	Unchanged
23	DOVER CORP COM DOV	DOV	20,600	$3.8m0.82%	0.82%	Unchanged
24	COSTCO WHSL CORP NEW COM COST	COST	2,890	$2.9m0.62%	0.62%	Unchanged
25	UNION PAC CORP COM UNP	UNP	11,640	$2.7m0.58%	0.58%	Unchanged
26	GOLDMAN SACHS GROUP INC COM GS	GS	3,640	$2.6m0.56%	0.56%	Unchanged
27	PEPSICO INC COM PEP	PEP	19,463	$2.6m0.56%	0.56%	Unchanged
28	COLGATE PALMOLIVE CO COM CL	CL	28,133	$2.6m0.56%	0.56%	Unchanged
29	COCA COLA CO COM KO	KO	35,600	$2.5m0.55%	0.55%	Unchanged
30	UNITED PARCEL SERVICE INC CL B UPS	UPS	24,650	$2.5m0.54%	0.54%	Unchanged
31	L3HARRIS TECHNOLOGIES INC COM LHX	LHX	9,749	$2.4m0.53%	0.53%	Unchanged
32	HOME DEPOT INC COM HD	HD	6,310	$2.3m0.50%	0.50%	Reduced -300	-300 -4.5%
33	NOVARTIS AG SPONSORED ADR NVS	NVS	17,900	$2.2m0.47%	0.47%	Unchanged
34	HOWARD HUGHES HOLDINGS INC COM HHH	HHH	28,937	$2.0m0.43%	0.43%	Reduced -75	-75 -0.3%
35	ALPHABET INC CAP STK CL C GOOG	GOOG	9,300	$1.6m0.36%	0.36%	Reduced -1.1k	-1,130 -10.8%
36	ISHARES TR CORE S&P500 ETF IVV	IVV	2,076	$1.3m0.28%	0.28%	Reduced -20	-20 -0.9%
37	BRISTOL-MYERS SQUIBB CO COM BMY	BMY	26,938	$1.2m0.27%	0.27%	Unchanged
38	SPDR S&P 500 ETF TR TR UNIT SPY	SPY	1,972	$1.2m0.27%	0.27%	Unchanged
39	STRYKER CORPORATION COM SYK	SYK	3,000	$1.2m0.26%	0.26%	Unchanged
40	BANK AMERICA CORP COM BAC	BAC	24,880	$1.2m0.26%	0.26%	Unchanged
41	ALPHABET INC CAP STK CL A GOOGL	GOOGL	6,520	$1.1m0.25%	0.25%	Reduced -1.3k	-1,300 -16.6%
42	ALIBABA GROUP HLDG LTD SPONSORED ADS BABA	BABA	10,100	$1.1m0.25%	0.25%	Unchanged
43	PURECYCLE TECHNOLOGIES INC COM PCT	PCT	82,625	$1.1m0.25%	0.25%	Unchanged
44	GE AEROSPACE COM NEW GE	GE	4,239	$1.1m0.24%	0.24%	Unchanged
45	UNITED RENTALS INC COM URI	URI	1,330	$1.0m0.22%	0.22%	Unchanged
46	MORGAN STANLEY COM NEW MS	MS	6,983	$983.6k0.21%	0.21%	Unchanged
47	CHEVRON CORP NEW COM CVX	CVX	6,840	$979.4k0.21%	0.21%	Reduced -150	-150 -2.1%
48	UNITEDHEALTH GROUP INC COM UNH	UNH	2,945	$918.8k0.20%	0.20%	Reduced -65	-65 -2.2%
49	J P MORGAN EXCHANGE TRADED F EQUITY PREMIUM JEPI	JEPI	15,315	$870.7k0.19%	0.19%	Reduced -1.4k	-1,350 -8.1%
50	LOWES COS INC COM LOW	LOW	3,800	$843.1k0.18%	0.18%	Unchanged
51	UBER TECHNOLOGIES INC COM UBER	UBER	9,015	$841.1k0.18%	0.18%	Unchanged
52	KENVUE INC COM KVUE	KVUE	39,219	$820.9k0.18%	0.18%	Unchanged
53	INTERNATIONAL BUSINESS MACHS COM IBM	IBM	2,350	$692.7k0.15%	0.15%	Unchanged
54	CROWDSTRIKE HLDGS INC CL A CRWD	CRWD	1,320	$672.3k0.15%	0.15%	Unchanged
55	CISCO SYS INC COM CSCO	CSCO	8,270	$573.8k0.12%	0.12%	Unchanged
56	KINDER MORGAN INC DEL COM KMI	KMI	19,216	$565.0k0.12%	0.12%	Reduced -500	-500 -2.5%
57	GE VERNOVA INC COM GEV	GEV	1,027	$543.4k0.12%	0.12%	Unchanged
58	AMAZON COM INC COM AMZN	AMZN	2,235	$490.3k0.11%	0.11%	Unchanged
59	VISA INC COM CL A V	V	1,380	$490.0k0.11%	0.11%	Unchanged
60	EATON CORP PLC SHS ETN	ETN	1,215	$433.7k0.09%	0.09%	Unchanged
61	ISHARES TR MSCI INDIA ETF INDA	INDA	5,620	$312.9k0.07%	0.07%	Unchanged
62	PFIZER INC COM PFE	PFE	12,250	$296.9k0.06%	0.06%	Reduced -1.0k	-1,040 -7.8%
63	J P MORGAN EXCHANGE TRADED F NASDAQ EQT PREM JEPQ	JEPQ	5,045	$274.4k0.06%	0.06%	Unchanged
64	ISHARES TR S&P MC 400GR ETF IJK	IJK	2,800	$254.7k0.06%	0.06%	Unchanged
65	BLACKROCK INC COM BLK	BLK	225	$236.1k0.05%	0.05%	Unchanged
66	AIR PRODS & CHEMS INC COM APD	APD	746	$210.4k0.05%	0.05%	Reduced -250	-250 -25.1%
67	LISTED FD TR ROUNDHILL BALL METV	METV	10,000	$170.3k0.04%	0.04%	Unchanged

Sold out since Q1 2025

Security	Ticker	Shares held before	Value then
MERCK & CO INC MRK	MRK	2,500	$224.4k2.5k shares
MONDELEZ INTL INC MDLZ	MDLZ	3,300	$223.9k3.3k shares
SCHLUMBERGER LTD SLB	SLB	4,800	$200.6k4.8k shares