INDEPENDENT INVESTORS INC
Sector Allocation
- Technology65.9%$345.3M
- Healthcare10.8%$56.5M
- Industrials7.5%$39.0M
- Financials6.6%$34.5M
- Consumer Staples2.7%$13.9M
- Consumer Discretionary2.1%$11.1M
- Energy1.9%$9.7M
- Other1.2%$6.3M
- Communication Services0.8%$4.4M
- Real Estate0.4%$2.0M
AUM History
13fpro.ai/research/fund/independent-investors-inc-1121908
Conviction and streaks
Stable · top 10 = 77.1%From the fund's last 12 quarters of 13F filings: positions held longest at size, and names it added to or trimmed several quarters running.
Largest positions — Q2 2026
AAPL
$297.5MMSFT
$19.4MJNJ
$17.9MJPM
$17.7MAMGN
$10.6MABBV
$10.1MXOM.R34088
$8.0MWAT
$7.7MNVDA
$7.7MEMR
$7.0MBA
$6.4MBRK.B
$6.3MQCOM
$6.2MNSC
$5.4MPG
$5.2MDOV
$4.6MHON
$4.6MMCD
$4.5MORCL
$4.4MDIS
$4.2M
Top 20 stock positions. Options are left out: 13F reports them at the underlying's value.
13fpro.ai/research/fund/independent-investors-inc-1121908
INDEPENDENT INVESTORS INC 13F holdings — Q2 2026
$523.6M portfolio (+4.0% QoQ) · 73 holdings · Q2 2026 13F · top 10 are 77% of the stock portfolio
$297.5M
56.8% of stocks
-5%This quarter+3.2%Since filed20+ qtrsHeld$19.4M
3.7% of stocks
-4%This quarter+32.8%Since filed20+ qtrsHeld$17.9M
3.4% of stocks
-1%This quarter+6.5%Since filed20+ qtrsHeld$17.7M
3.4% of stocks
-3%This quarter-2.6%Since filed18 qtrsHeldAIQuality71.9#171Est. buyEstimated buy price is Pro: unlock with a free trialTrimmed 2 qtrs in a row$10.6M
2.0% of stocks
-1%This quarter+19.7%Since filed20+ qtrsHeld$10.1M
1.9% of stocks
-10%This quarter+12.7%Since filed20+ qtrsHeldAIQualityAI quality score is Pro: unlock with a free trialEst. buyEstimated buy price is Pro: unlock with a free trialTrimmed 2 qtrs in a row$8.0M
1.5% of stocks
-4%This quarter—Since filed20+ qtrsHeldAIQualityAI quality score is Pro: unlock with a free trialEst. buyEstimated buy price is Pro: unlock with a free trialTrimmed 2 qtrs in a row$7.7M
1.5% of stocks
-21%This quarter+20.6%Since filed10 qtrsHeld$7.7M
1.5% of stocks
-0.8%This quarter+4.2%Since filed14 qtrsHeld$7.0M
1.3% of stocks
No changeThis quarter+16.3%Since filed18 qtrsHeld
All holdings — INDEPENDENT INVESTORS INC (Q2 2026)
73 disclosed positions from the Form 13F-HR on SEC EDGAR, with quarter-over-quarter share changes. Largest by value first; the ten above are not repeated.
| # | Company | Held | Source | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 11 | BOEING CO | Industrials | $6.4M | 1.2% | 29K | -3% | 20+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 12 | BERKSHIRE HATHAWAY INC | Financials | $6.3M | 1.2% | 13K | -16% | 10 qtrsTrimmed 2 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 13 | QUALCOMM INC/DE | Technology | $6.2M | 1.2% | 34K | -2% | 10 qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 14 | NORFOLK SOUTHERN CORP | Industrials | $5.4M | 1.0% | 17K | -3% | 20+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 15 | PROCTER & GAMBLE Co | Consumer Staples | $5.2M | 1.0% | 35K | -12% | 20+ qtrsTrimmed 2 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 16 | DOVER Corp | Industrials | $4.6M | 0.9% | 20K | — | 20+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 17 | HONEYWELL INTERNATIONAL INC | Industrials | $4.6M | 0.9% | 20K | -51% | 18 qtrsTrimmed 3 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 18 | MCDONALDS CORP | Consumer Discretionary | $4.5M | 0.9% | 17K | -3% | 10 qtrsTrimmed 2 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 19 | ORACLE CORP | Technology | $4.4M | 0.8% | 30K | — | 20+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 20 | Walt Disney Co | Communication Services | $4.2M | 0.8% | 44K | -1% | 18 qtrsTrimmed 2 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 21 | AMERICAN EXPRESS CO | Financials | $3.7M | 0.7% | 11K | -8% | 20+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 22 | GOLDMAN SACHS GROUP INC | Financials | $3.5M | 0.7% | 3,490 | -4% | 20+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 23 | UNION PACIFIC CORP | Industrials | $3.0M | 0.6% | 11K | -4% | 20+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 24 | COCA COLA CO | Consumer Staples | $2.9M | 0.6% | 35K | — | 10 qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 25 | L3HARRIS TECHNOLOGIES, INC. /DE/ | Technology | $2.8M | 0.5% | 9,749 | — | 18 qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 26 | $NVS | NOVARTIS AG | Healthcare | $2.8M | 0.5% | 18K | — | |||
| 27 | $GOOG | Alphabet Inc. | Technology | $2.8M | 0.5% | 7,790 | -16% | |||
| 28 | $UPS | UNITED PARCEL SERVICE INC | Industrials | $2.6M | 0.5% | 24K | — | |||
| 29 | $ABT | ABBOTT LABORATORIES | Healthcare | $2.5M | 0.5% | 28K | -19% | |||
| 30 | $NKE | NIKE, Inc. | Consumer Discretionary | $2.5M | 0.5% | 60K | — | |||
| 31 | $CL | COLGATE PALMOLIVE CO | Consumer Staples | $2.5M | 0.5% | 27K | -4% | |||
| 32 | $COST | COSTCO WHOLESALE CORP /NEW | Consumer Staples | $2.3M | 0.4% | 2,415 | -16% | |||
| 33 | $HHH | Howard Hughes Holdings Inc. | Real Estate | $2.0M | 0.4% | 29K | — | |||
| 34 | $HD | HOME DEPOT, INC. | Consumer Discretionary | $1.8M | 0.3% | 5,016 | -16% | |||
| 35 | $GOOGL | Alphabet Inc. | Technology | $1.6M | 0.3% | 4,420 | -25% | |||
| 36 | — | iShares Core S&P 500 ETF - Common Stock | — | $1.6M | 0.3% | 2,106 | — | |||
| 37 | $URI | UNITED RENTALS, INC. | Industrials | $1.5M | 0.3% | 1,325 | — | |||
| 38 | $BMY | BRISTOL MYERS SQUIBB CO | Healthcare | $1.5M | 0.3% | 25K | -4% | |||
| 39 | $SPY | SPDR S&P 500 ETF TRUST | — | $1.4M | 0.3% | 1,922 | -3% | |||
| 40 | $BAC | BANK OF AMERICA CORP /DE/ | Financials | $1.4M | 0.3% | 25K | — | |||
| 41 | $MS | MORGAN STANLEY | Financials | $1.4M | 0.3% | 6,533 | -4% | |||
| 42 | $GE | GENERAL ELECTRIC CO | Industrials | $1.2M | 0.2% | 3,342 | -19% | |||
| 43 | $HONA | Honeywell Aerospace Inc. | Industrials | $1.2M | 0.2% | 5,373 | New | |||
| 44 | $PEP | PEPSICO INC | Consumer Staples | $1.1M | 0.2% | 8,263 | -55% | |||
| 45 | $GEV | GE Vernova Inc. | Industrials | $1.1M | 0.2% | 907 | -9% | |||
| 46 | $BABA | Alibaba Group Holding Ltd | Consumer Discretionary | $969K | 0.2% | 10K | — | |||
| 47 | $CRWD | CrowdStrike Holdings, Inc. | Technology | $950K | 0.2% | 1,245 | -2% | |||
| 48 | $SYK | STRYKER CORP | Healthcare | $945K | 0.2% | 3,000 | — | |||
| 49 | $UNH | UNITEDHEALTH GROUP INC | Healthcare | $927K | 0.2% | 2,230 | -14% | |||
| 50 | $CVX | CHEVRON CORP | Energy | $902K | 0.2% | 5,440 | -17% | |||
| 51 | $SOLS | Solstice Advanced Materials Inc. | Healthcare | $897K | 0.2% | 10K | -2% | |||
| 52 | $LOW | LOWES COMPANIES INC | Consumer Discretionary | $838K | 0.2% | 3,800 | — | |||
| 53 | — | JPMorgan Equity Premium Income ETF - Common Stock | — | $805K | 0.1% | 14K | -6% | |||
| 54 | $PSUS | Pershing Square USA, Ltd. | Other | $748K | 0.1% | 20K | New | |||
| 55 | $CSCO | CISCO SYSTEMS, INC. | Technology | $724K | 0.1% | 6,160 | -22% | |||
| 56 | $IBM | INTERNATIONAL BUSINESS MACHINES CORP | Technology | $661K | 0.1% | 2,350 | — | |||
| 57 | $PCT | PureCycle Technologies, Inc. | Materials | $653K | 0.1% | 81K | — | |||
| 58 | $UBER | Uber Technologies, Inc | Technology | $641K | 0.1% | 8,880 | -2% | |||
| 59 | $KMI | KINDER MORGAN, INC. | Energy | $595K | 0.1% | 19K | — | |||
| 60 | $AMZN | AMAZON COM INC | Consumer Discretionary | $574K | 0.1% | 2,410 | -2% | |||
| 61 | — | JPMorgan NASDAQ Equity Premium Income ETF - Common Stock | — | $517K | 0.1% | 8,410 | -8% | |||
| 62 | $ETN | Eaton Corp plc | Industrials | $511K | 0.1% | 1,200 | — | |||
| 63 | $V | VISA INC. | Financials | $473K | 0.1% | 1,380 | — | |||
| 64 | — | iShares S&P Mid-Cap 400 Growth ETF - Common Stock | — | $329K | 0.1% | 2,800 | — | |||
| 65 | $MRK | Merck & Co., Inc. | Healthcare | $321K | 0.1% | 2,500 | — | |||
| 66 | $QQQ | INVESCO QQQ TRUST, SERIES 1 | — | $282K | 0.1% | 383 | — | |||
| 67 | $PFE | PFIZER INC | Healthcare | $281K | 0.1% | 12K | -5% | |||
| 68 | $APD | Air Products & Chemicals, Inc. | Materials | $219K | 0.0% | 746 | — | |||
| 69 | — | Vanguard Emerging Markets ETF - Common Stock | — | $218K | 0.0% | 3,650 | New | |||
| 70 | — | iShares MSCI India ETF - Common Stock | — | $208K | 0.0% | 4,210 | -9% | |||
| 71 | $SLB | SLB LIMITED/NV | Energy | $206K | 0.0% | 4,425 | — | |||
| 72 | $SEG | Seaport Entertainment Group Inc. | Communication Services | $202K | 0.0% | 7,584 | New | |||
| 73 | — | Metaverse Roundhill Ball ETF - Common Stock | — | $185K | 0.0% | 10K | — |
What changed in Q2 2026
Against the previous quarter's 13F: 4 new, 0 added to, 43 trimmed, 1 sold out. Share-count changes; largest moves by dollar size first.
New positions (4)
Added to (0)
No positions added to this quarter.
Trimmed (43)
now $297.5M · held 20+ qtrs, 2 trims in a row
now $4.6M · held 18 qtrs, 3 trims in a row
now $7.7M · held 10 qtrs
$PEPPEPSICO INC-55%
now $1.1M · held 20+ qtrs, 2 trims in a row
now $6.3M · held 10 qtrs, 2 trims in a row
now $10.1M · held 20+ qtrs, 2 trims in a row
+37 more in the Excel export
Sold out (1)
$KVUEKenvue Inc.was $659K
held 9 qtrs
Holdings by quarter
Every 13F INDEPENDENT INVESTORS INC has filed, 40 earlier quarters. Pick one to see what it held then.
Is it too late to follow INDEPENDENT INVESTORS?
Q2 2026 13F filed with the SEC on Jul 16, 2026. Prices are closing prices as of Oct 26, 2026.
Average quality of INDEPENDENT INVESTORS's top 20 holdings: 74/100 (our AI quality score, weighted by position size; 20 of the 20 are scored)
Top 10 since filing
+5.8%
Value-weighted move of the 10 largest stock positions
Turnover
1%
Last quarter; 1% over the last 4
Top 10 weight
77%
Share of the stock portfolio in its 10 largest positions
Held 4+ quarters
99%
Share of portfolio value in positions held a year or more
Highest-quality names it owns(among its 100 largest positions)
The 8 highest-scoring companies in this portfolio are a Pro feature.
How these are measured
- Moves since the quarter-end and since the filing date use our own daily closing prices, from the close on (or just before) each date to the latest close.
- Turnover is the lesser of shares bought or sold in a quarter, valued at the quarter-end prices in the 13F, divided by the average of the two quarters' stock portfolio values.
- Quarters held and add/trim streaks count back only through quarters whose filed holdings add up to the filing's own cover-page total (back to Q3 2021 for this fund). A change counts as an add or a trim when the split-adjusted share count moves by more than 1%.
- Estimate, not the fund's reported cost. For each quarter in the current holding period in which the fund's share count rose (split-adjusted), we take that quarter's average daily close and weight it by the shares added; sales do not change an average cost. Quarters where the stock's price history and the 13F's own implied price disagree by more than 2x are left out.
- Put and call option rows report the value of the underlying shares, not a position the fund paid for, so they are left out of all of the above.
Portfolio Overview
INDEPENDENT INVESTORS INC disclosed 73 positions worth $523.6M in its Form 13F-HR for Q2 2026, led by $AAPL (Apple Inc.) at 56.8% of the equity portfolio, followed by $MSFT and $JNJ. During the quarter the fund opened 4 new positions and exited 1 — including a new stake in $HONA and a full exit from $KVUE. The portfolio is most concentrated in Technology (65.9% of disclosed assets). All figures are sourced directly from INDEPENDENT INVESTORS INC’s Form 13F-HR filing with the SEC under CIK 1121908.
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