Independent Investors Inc.

In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 1, 2025), Independent Investors Inc. reported 70 stock positions worth $471.3 million. Its top holding was Apple (AAPL) at 54.5% of the portfolio, followed by Microsoft (MSFT, 4.3%) and JPMorgan Chase (JPM, 3.0%). Compared with Q4 2024, it opened 5 new positions, sold out of 1, added to 9 and reduced 12. The biggest buy was a new position in Uber Technologies (UBER) and the biggest sale Apple (AAPL, shares −2%).

Most Recent 13F
Q2 2026
Location
NESCONSET, NY
CIK
0001121908
Portfolio Value
$471.3M (Q1 2025)
SEC Filing
0001104659-25-043210 ↗ filed May 1, 2025

Holdings Value

0$200.0M$400.0M$600.0M Q1 2024: $418.2M Q1 2024 Q2 2024: $455.7M Q2 2024 Q3 2024: $493.5M Q3 2024 Q4 2024: $505.2M Q4 2024 Q1 2025: $471.3M $471.3M Q1 2025 Q2 2025: $459.1M Q2 2025 Q3 2025: $519.6M Q3 2025 Q4 2025: $538.1M Q4 2025 Q1 2026: $503.6M Q1 2026 Q2 2026: $523.6M Q2 2026

Holdings 70 stocks · $471.3M
AAPL Apple Inc. 54.47% 1,155,571 $256.7M Reduce -1.6%
MSFT Microsoft Corp. 4.34% 54,523 $20.5M Reduce -0.0%
JPM JPMorgan Chase & Co. 2.96% 56,934 $14.0M No change
JNJ Johnson & Johnson 2.53% 71,771 $11.9M Reduce -0.1%
WAT Waters Corp. 2.48% 31,767 $11.7M Reduce -0.3%
ABBV Abbvie Inc. 2.02% 45,388 $9.5M No change
AMGN Amgen Inc. 1.97% 29,755 $9.3M Reduce -1.3%
PG The Procter & Gamble Co. 1.94% 53,642 $9.1M Reduce -1.3%
HON Honeywell International Inc. 1.90% 42,325 $9.0M No change
BRK.B Berkshire Hathaway Inc. Class B 1.71% 15,137 $8.1M No change
XOM Exxon Mobil Corp. 1.56% 61,953 $7.4M No change
MCD McDonald's Corp. 1.20% 18,045 $5.6M No change
EMR Emerson Electric Co. 1.14% 49,000 $5.4M No change
QCOM Qualcomm Inc. 1.12% 34,500 $5.3M No change
BA The Boeing Co. 1.11% 30,561 $5.2M No change
ABT Abbott Laboratories 1.01% 36,050 $4.8M No change
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.95% 45,401 $4.5M Add +0.3%
ORCL Oracle Corp. 0.89% 29,900 $4.2M No change
NSC Norfolk Southern Corp. 0.88% 17,600 $4.2M No change
NKE Nike Inc. Class B 0.81% 60,000 $3.8M No change
DOV Dover Corp. 0.77% 20,600 $3.6M No change
AXP American Express Co. 0.69% 12,000 $3.2M No change
PEP Pepsico Inc. 0.62% 19,463 $2.9M No change
UNP Union Pacific Corp. 0.58% 11,640 $2.7M No change
COST Costco Wholesale Corp. 0.58% 2,890 $2.7M No change
UPS United Parcel Service Class B 0.58% 24,650 $2.7M Reduce -0.0%
CL Colgate-Palmolive Co. 0.56% 28,133 $2.6M No change
KO The Coca-Cola Co. 0.54% 35,600 $2.5M Reduce -1.7%
HD Home Depot Inc. 0.51% 6,610 $2.4M Add +10.1%
HHH Howard Hughes Holdings Inc. 0.46% 29,012 $2.1M No change
LHX L3HARRIS Technologies Inc. 0.43% 9,749 $2.0M No change
NVS Novartis AG-Sponsored ADR 0.42% 17,900 $2.0M No change
GS Goldman Sachs Group Inc. 0.42% 3,640 $2.0M No change
NVDA Nvidia Corp. 0.41% 17,865 $1.9M Add +50.1%
BMY Bristol-Myers Squibb Co. 0.35% 26,938 $1.6M No change
GOOG Alphabet Inc. Class C 0.35% 10,430 $1.6M Reduce -4.8%
UNH Unitedhealth Group Inc. 0.33% 3,010 $1.6M Reduce -0.2%
BABA Alibaba Group Holding-SP ADR 0.28% 10,100 $1.3M No change
GOOGL Alphabet Inc. Class A 0.26% 7,820 $1.2M No change
IVV iShares Core S&P 500 ETF 0.25% 2,096 $1.2M Add +0.1%
CVX Chevron Corp. 0.25% 6,990 $1.2M Add +12.9%
SYK Stryker Corp. 0.24% 3,000 $1.1M No change
SPY SS SPDR S&P 500 ETF Trust-US 0.23% 1,972 $1.1M Reduce -5.6%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.22% 24,880 $1.0M No change
JEPI JPMorgan Equity Premium Inco 0.20% 16,665 $952K Add +15.6%
KVUE Kenvue Inc. 0.20% 39,219 $940K No change
LOW Lowe's Cos Inc. 0.19% 3,800 $886K No change
GE General Electric filed as GE AEROSPACE 0.18% 4,239 $848K No change
URI United Rentals Inc. 0.18% 1,330 $834K No change
MS Morgan Stanley 0.17% 6,983 $815K Reduce -6.7%
UBER Uber Technologies Inc. 0.14% 9,015 $657K New
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.12% 2,350 $584K No change
PCT Purecycle Technologies Inc. 0.12% 82,625 $572K No change
KMI Kinder Morgan Inc. 0.12% 19,716 $562K No change
CSCO Cisco Systems Inc. 0.11% 8,270 $510K Add +50.4%
V Visa Inc. Class A 0.10% 1,380 $484K No change
CRWD CrowdStrike Holdings Inc. Class A 0.10% 1,320 $465K Add +39.0%
AMZN Amazon.com Inc. 0.09% 2,235 $425K New
PFE Pfizer Inc. 0.07% 13,290 $337K No change
ETN Eaton Corp. PLC 0.07% 1,215 $330K No change
GEV GE Vernova Inc. 0.07% 1,027 $314K No change
APD Air Products & Chemicals Inc. 0.06% 996 $294K No change
INDA iShares MSCI India ETF 0.06% 5,620 $289K Add +24.9%
JEPQ JPM Nasdaq Equity Premium filed as J P MORGAN EXCHANGE TRADED F 0.06% 5,045 $261K New
IJK iShares S&P Mid-Cap 400 Grow 0.05% 2,800 $233K No change
MRK Merck & Co. Inc. 0.05% 2,500 $224K No change
MDLZ Mondelez International Inc. Class A 0.05% 3,300 $224K New
BLK BlackRock Inc. 0.05% 225 $213K No change
SLB SLB Ltd. filed as SCHLUMBERGER LTD 0.04% 4,800 $201K New
METV Roundhill Ball Metaverse ETF 0.03% 10,000 $135K No change

Portfolio Sells Q4 2024 → Q1 2025
AAPL Apple Inc. Reduce -1.6% 54.47% −3.71
MSFT Microsoft Corp. Reduce -0.0% 4.34% −0.21
GOOG Alphabet Inc. Class C Reduce -4.8% 0.35% −0.07
SEG Seaport Entertainment Group Sold out 0.00% −0.04
UPS United Parcel Service Class B Reduce -0.0% 0.58% −0.04
MS Morgan Stanley Reduce -6.7% 0.17% −0.01
SPY SS SPDR S&P 500 ETF Trust-US Reduce -5.6% 0.23% −0.01
UNH Unitedhealth Group Inc. Reduce -0.2% 0.33% +0.03
KO The Coca-Cola Co. Reduce -1.7% 0.54% +0.09
PG The Procter & Gamble Co. Reduce -1.3% 1.94% +0.14
WAT Waters Corp. Reduce -0.3% 2.48% +0.14
AMGN Amgen Inc. Reduce -1.3% 1.97% +0.41
JNJ Johnson & Johnson Reduce -0.1% 2.53% +0.47

Portfolio Buys Q4 2024 → Q1 2025
UBER Uber Technologies Inc. New 0.14% +0.14
NVDA Nvidia Corp. Add +50.1% 0.41% +0.09
AMZN Amazon.com Inc. New 0.09% +0.09
CVX Chevron Corp. Add +12.9% 0.25% +0.07
JEPQ JPM Nasdaq Equity Premium New 0.06% +0.06
HD Home Depot Inc. Add +10.1% 0.51% +0.05
MDLZ Mondelez International Inc. Class A New 0.05% +0.05
CSCO Cisco Systems Inc. Add +50.4% 0.11% +0.04
SLB SLB Ltd. New 0.04% +0.04
JEPI JPMorgan Equity Premium Inco Add +15.6% 0.20% +0.04
CRWD CrowdStrike Holdings Inc. Class A Add +39.0% 0.10% +0.03
INDA iShares MSCI India ETF Add +24.9% 0.06% +0.01
IVV iShares Core S&P 500 ETF Add +0.1% 0.25% +0.01
DIS The Walt Disney Co. Add +0.3% 0.95% −0.05

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 73$523.6MAAPL, MSFT, JNJ, JPM, AMGN
Q1 2026 70$503.6MAAPL, MSFT, JNJ, JPM, AMGN
Q4 2025 69$538.1MAAPL, MSFT, JPM, JNJ, ABBV
Q3 2025 70$519.6MAAPL, MSFT, JPM, JNJ, ABBV
Q2 2025 67$459.1MAAPL, MSFT, JPM, JNJ, HON
Q1 2025 70$471.3MAAPL, MSFT, JPM, JNJ, WAT
Q4 2024 66$505.2MAAPL, MSFT, JPM, WAT, JNJ
Q3 2024 69$493.5MAAPL, MSFT, JPM, JNJ, WAT
Q2 2024 67$455.7MAAPL, MSFT, JPM, JNJ, AMGN
Q1 2024 67$418.2MAAPL, MSFT, JPM, JNJ, WAT