Independent Investors Inc.

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed October 30, 2025), Independent Investors Inc. reported 70 stock positions worth $519.6 million. Its top holding was Apple (AAPL) at 53.9% of the portfolio, followed by Microsoft (MSFT, 5.4%) and JPMorgan Chase (JPM, 3.4%). Compared with Q2 2025, it opened 3 new positions, added to 1 and reduced 23. The biggest buy was a new position in Invesco QQQ Trust Series 1 (QQQ) and the biggest sale Procter & Gamble (PG, shares −20%).

Most Recent 13F
Q2 2026
Location
NESCONSET, NY
CIK
0001121908
Portfolio Value
$519.6M (Q3 2025)
SEC Filing
0001104659-25-104185 ↗ filed Oct 30, 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 Q1 2025 Q2 2025: $459.1M Q2 2025 Q3 2025: $519.6M $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 · $519.6M
AAPL Apple Inc. 53.92% 1,100,423 $280.2M Reduce -2.0%
MSFT Microsoft Corp. 5.41% 54,300 $28.1M Reduce -0.4%
JPM JPMorgan Chase & Co. 3.45% 56,799 $17.9M Reduce -0.2%
JNJ Johnson & Johnson 2.55% 71,552 $13.3M Reduce -0.3%
ABBV Abbvie Inc. 2.01% 45,174 $10.5M Reduce -0.5%
HON Honeywell International Inc. 1.71% 42,325 $8.9M No change
ORCL Oracle Corp. 1.62% 29,900 $8.4M No change
AMGN Amgen Inc. 1.61% 29,651 $8.4M Reduce -0.3%
WAT Waters Corp. 1.51% 26,163 $7.8M Reduce -0.4%
BRK.B Berkshire Hathaway Inc. Class B 1.46% 15,137 $7.6M No change
NVDA Nvidia Corp. 1.38% 38,465 $7.2M No change
XOM Exxon Mobil Corp. 1.34% 61,849 $7.0M Reduce -0.2%
BA The Boeing Co. 1.26% 30,357 $6.6M Reduce -0.3%
PG The Procter & Gamble Co. 1.24% 41,933 $6.4M Reduce -19.9%
EMR Emerson Electric Co. 1.23% 48,896 $6.4M Reduce -0.2%
QCOM Qualcomm Inc. 1.10% 34,292 $5.7M Reduce -0.6%
MCD McDonald's Corp. 1.03% 17,691 $5.4M Reduce -0.6%
NSC Norfolk Southern Corp. 1.01% 17,517 $5.3M Reduce -0.5%
DIS The Walt Disney Co. filed as DISNEY WALT CO 1.00% 45,401 $5.2M No change
ABT Abbott Laboratories 0.90% 35,090 $4.7M Reduce -2.7%
NKE Nike Inc. Class B 0.81% 60,000 $4.2M No change
AXP American Express Co. 0.77% 12,000 $4.0M No change
DOV Dover Corp. 0.66% 20,600 $3.4M No change
LHX L3HARRIS Technologies Inc. 0.57% 9,749 $3.0M No change
GS Goldman Sachs Group Inc. 0.56% 3,640 $2.9M No change
UNP Union Pacific Corp. 0.53% 11,640 $2.8M No change
PEP Pepsico Inc. 0.53% 19,463 $2.7M No change
COST Costco Wholesale Corp. 0.51% 2,890 $2.7M No change
HD Home Depot Inc. 0.48% 6,206 $2.5M Reduce -1.6%
HHH Howard Hughes Holdings Inc. 0.46% 28,937 $2.4M No change
KO The Coca-Cola Co. 0.45% 35,496 $2.4M Reduce -0.3%
NVS Novartis AG-Sponsored ADR 0.44% 17,900 $2.3M No change
GOOG Alphabet Inc. Class C 0.44% 9,300 $2.3M No change
CL Colgate-Palmolive Co. 0.43% 28,133 $2.2M No change
UPS United Parcel Service Class B 0.39% 24,028 $2.0M Reduce -2.5%
BABA Alibaba Group Holding-SP ADR 0.35% 10,100 $1.8M No change
GOOGL Alphabet Inc. Class A 0.30% 6,520 $1.6M No change
IVV iShares Core S&P 500 ETF 0.27% 2,076 $1.4M No change
SPY SS SPDR S&P 500 ETF Trust-US 0.25% 1,972 $1.3M No change
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.25% 24,880 $1.3M No change
GE General Electric filed as GE AEROSPACE 0.25% 4,239 $1.3M No change
URI United Rentals Inc. 0.24% 1,325 $1.3M Reduce -0.4%
BMY Bristol-Myers Squibb Co. 0.23% 26,938 $1.2M No change
MS Morgan Stanley 0.21% 6,983 $1.1M No change
SYK Stryker Corp. 0.21% 3,000 $1.1M No change
PCT Purecycle Technologies Inc. 0.21% 82,417 $1.1M Reduce -0.3%
CVX Chevron Corp. 0.20% 6,840 $1.1M No change
UNH Unitedhealth Group Inc. 0.19% 2,845 $982K Reduce -3.4%
LOW Lowe's Cos Inc. 0.18% 3,800 $955K No change
UBER Uber Technologies Inc. 0.17% 9,015 $883K No change
JEPI JPMorgan Equity Premium Inco 0.17% 15,211 $869K Reduce -0.7%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.13% 2,350 $663K No change
CRWD CrowdStrike Holdings Inc. Class A 0.12% 1,320 $647K No change
KVUE Kenvue Inc. 0.12% 39,219 $637K No change
GEV GE Vernova Inc. 0.12% 1,027 $632K No change
CSCO Cisco Systems Inc. 0.11% 8,270 $566K No change
KMI Kinder Morgan Inc. 0.10% 19,116 $541K Reduce -0.5%
JEPQ JPM Nasdaq Equity Premium filed as J P MORGAN EXCHANGE TRADED F 0.10% 9,045 $520K Add +79.3%
AMZN Amazon.com Inc. 0.09% 2,235 $491K No change
V Visa Inc. Class A 0.09% 1,380 $471K No change
ETN Eaton Corp. PLC 0.09% 1,215 $455K No change
PFE Pfizer Inc. 0.06% 12,250 $312K No change
INDA iShares MSCI India ETF 0.06% 5,620 $293K No change
IJK iShares S&P Mid-Cap 400 Grow 0.05% 2,800 $268K No change
BLK BlackRock Inc. 0.05% 225 $262K No change
QQQ Invesco QQQ Trust Series 1 0.04% 383 $230K New
TLN Talen Energy Corp. 0.04% 500 $213K New
MRK Merck & Co. Inc. 0.04% 2,500 $210K New
METV Roundhill Ball Metaverse ETF 0.04% 10,000 $206K No change
APD Air Products & Chemicals Inc. 0.04% 746 $203K No change

Portfolio Sells Q2 2025 → Q3 2025
PG The Procter & Gamble Co. Reduce -19.9% 1.24% −0.58
MSFT Microsoft Corp. Reduce -0.4% 5.41% −0.49
WAT Waters Corp. Reduce -0.4% 1.51% −0.49
AMGN Amgen Inc. Reduce -0.3% 1.61% −0.20
EMR Emerson Electric Co. Reduce -0.2% 1.23% −0.19
ABT Abbott Laboratories Reduce -2.7% 0.90% −0.16
UPS United Parcel Service Class B Reduce -2.5% 0.39% −0.16
JPM JPMorgan Chase & Co. Reduce -0.2% 3.45% −0.15
BA The Boeing Co. Reduce -0.3% 1.26% −0.13
XOM Exxon Mobil Corp. Reduce -0.2% 1.34% −0.11
QCOM Qualcomm Inc. Reduce -0.6% 1.10% −0.10
MCD McDonald's Corp. Reduce -0.6% 1.03% −0.10
KO The Coca-Cola Co. Reduce -0.3% 0.45% −0.10
PCT Purecycle Technologies Inc. Reduce -0.3% 0.21% −0.04
JEPI JPMorgan Equity Premium Inco Reduce -0.7% 0.17% −0.02
HD Home Depot Inc. Reduce -1.6% 0.48% −0.02
KMI Kinder Morgan Inc. Reduce -0.5% 0.10% −0.02
UNH Unitedhealth Group Inc. Reduce -3.4% 0.19% −0.01
URI United Rentals Inc. Reduce -0.4% 0.24% +0.03
NSC Norfolk Southern Corp. Reduce -0.5% 1.01% +0.03
JNJ Johnson & Johnson Reduce -0.3% 2.55% +0.17
ABBV Abbvie Inc. Reduce -0.5% 2.01% +0.18
AAPL Apple Inc. Reduce -2.0% 53.92% +3.75

Portfolio Buys Q2 2025 → Q3 2025
QQQ Invesco QQQ Trust Series 1 New 0.04% +0.04
TLN Talen Energy Corp. New 0.04% +0.04
MRK Merck & Co. Inc. New 0.04% +0.04
JEPQ JPM Nasdaq Equity Premium Add +79.3% 0.10% +0.04

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