Independent Investors
NESCONSET, NYfiles as INDEPENDENT INVESTORS INC
$524m in 73 US stocks at the end of 30 June 2026. The top 10 are 77.1% of the money. It changed about 4.1% of the portfolio this quarter.
Value
$524m
Stocks
73
Top 10 share
77.1%
Turnover
4.1%
What changed this quarter
New
Bought for the first time this quarter.
- Honeywell AerospaceHONA0.2% of the fund
- Pershing Square USAPSUS0.1% of the fund
- Vanguard Intl Equity Index FVWO<0.1% of the fund
- Seaport Entertainment GroupSEG<0.1% of the fund
Added
Bought more of a stock they already held.
None this quarter.
Cut
Sold some of their stake.
- AppleAAPL56.8% of the fund-5%
- MicrosoftMSFT3.7% of the fund-4%
- JPMorgan ChaseJPM3.4% of the fund-3%
- AbbVieABBV1.9% of the fund-10%
- ExxonMobil HoldingsXOM1.5% of the fund-4%
- WatersWAT1.5% of the fund-21%
- BoeingBA1.2% of the fund-3%
- Berkshire HathawayBRK-B1.2% of the fund-16%
- QualcommQCOM1.2% of the fund-2%
- Norfolk SouthernNSC1.0% of the fund-3%
- Procter & GamblePG1.0% of the fund-12%
- Honeywell InternationalHON0.9% of the fund-51%
- McDonald'sMCD0.9% of the fund-3%
- American ExpressAXP0.7% of the fund-8%
- Goldman Sachs GroupGS0.7% of the fund-4%
- Union PacificUNP0.6% of the fund-4%
- AlphabetGOOG0.5% of the fund-16%
- Abbott LaboratoriesABT0.5% of the fund-19%
- Colgate-PalmoliveCL0.5% of the fund-4%
- Costco WholesaleCOST0.4% of the fund-16%
- Home DepotHD0.3% of the fund-16%
- AlphabetGOOGL0.3% of the fund-25%
- Bristol-Myers SquibbBMY0.3% of the fund-4%
- State STR Spdr S&P 500 ETF TSPY0.3% of the fund-3%
- Morgan StanleyMS0.3% of the fund-4%
Sold out
Sold their entire stake.
- KenvueKVUE-100%
Holdings
- Ishares TRIVV
- Share
- 0.3%
- Value
- $2m
- Shares
- 2,106
Held
- State STR Spdr S&P 500 ETF TSPY
- Share
- 0.3%
- Value
- $1m
- Shares
- 1,922
-3%
- Honeywell AerospaceHONA
- Share
- 0.2%
- Value
- $1m
- Shares
- 5,373
New
- Alibaba Group HldgBABA
- Share
- 0.2%
- Value
- $969,398
- Shares
- 10,100
Held
- J P Morgan Exchange Traded FJEPI
- Share
- 0.2%
- Value
- $804,896
- Shares
- 14,251
-6%
- Pershing Square USAPSUS
- Share
- 0.1%
- Value
- $747,600
- Shares
- 20,000
New
- J P Morgan Exchange Traded FJEPQ
- Share
- <0.1%
- Value
- $516,879
- Shares
- 8,410
-8%
- Ishares TRIJK
- Share
- <0.1%
- Value
- $329,000
- Shares
- 2,800
Held
- Invesco QQQ TRQQQ
- Share
- <0.1%
- Value
- $282,041
- Shares
- 383
Held
- Vanguard Intl Equity Index FVWO
- Share
- <0.1%
- Value
- $217,869
- Shares
- 3,650
New
- Ishares TRINDA
- Share
- <0.1%
- Value
- $207,932
- Shares
- 4,210
-9%
- Listed FDS TRMETV
- Share
- <0.1%
- Value
- $184,500
- Shares
- 10,000
Held
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| AppleAAPL | 56.8% | $297m | 1,027,983 | -5% |
| MicrosoftMSFT | 3.7% | $19m | 52,050 | -4% |
| Johnson & JohnsonJNJ | 3.4% | $18m | 70,356 | Held |
| JPMorgan ChaseJPM | 3.4% | $18m | 54,204 | -3% |
| AmgenAMGN | 2.0% | $11m | 29,176 | Held |
| AbbVieABBV | 1.9% | $10m | 40,274 | -10% |
| ExxonMobil HoldingsXOM | 1.5% | $8m | 58,649 | -4% |
| WatersWAT | 1.5% | $8m | 20,663 | -21% |
| NvidiaNVDA | 1.5% | $8m | 38,260 | Held |
| Emerson ElectricEMR | 1.3% | $7m | 48,896 | Held |
| BoeingBA | 1.2% | $6m | 29,457 | -3% |
| Berkshire HathawayBRK-B | 1.2% | $6m | 12,577 | -16% |
| QualcommQCOM | 1.2% | $6m | 33,592 | -2% |
| Norfolk SouthernNSC | 1.0% | $5m | 17,017 | -3% |
| Procter & GamblePG | 1.0% | $5m | 35,415 | -12% |
| DoverDOV | 0.9% | $5m | 20,400 | Held |
| Honeywell InternationalHON | 0.9% | $5m | 20,373 | -51% |
| McDonald'sMCD | 0.9% | $4m | 16,616 | -3% |
| OracleORCL | 0.8% | $4m | 29,900 | Held |
| Walt DisneyDIS | 0.8% | $4m | 43,576 | Held |
| American ExpressAXP | 0.7% | $4m | 11,000 | -8% |
| Goldman Sachs GroupGS | 0.7% | $4m | 3,490 | -4% |
| Union PacificUNP | 0.6% | $3m | 11,140 | -4% |
| Coca-ColaKO | 0.6% | $3m | 35,496 | Held |
| L3harris TechnologiesLHX | 0.5% | $3m | 9,749 | Held |
| Novartis AGNVS | 0.5% | $3m | 17,900 | Held |
| AlphabetGOOG | 0.5% | $3m | 7,790 | -16% |
| United Parcel ServiceUPS | 0.5% | $3m | 24,028 | Held |
| Abbott LaboratoriesABT | 0.5% | $3m | 27,840 | -19% |
| NikeNKE | 0.5% | $2m | 60,000 | Held |
| Colgate-PalmoliveCL | 0.5% | $2m | 26,833 | -4% |
| Costco WholesaleCOST | 0.4% | $2m | 2,415 | -16% |
| Howard Hughes HoldingsHHH | 0.4% | $2m | 28,637 | Held |
| Home DepotHD | 0.3% | $2m | 5,016 | -16% |
| AlphabetGOOGL | 0.3% | $2m | 4,420 | -25% |
| Ishares TRIVV | 0.3% | $2m | 2,106 | Held |
| United RentalsURI | 0.3% | $2m | 1,325 | Held |
| Bristol-Myers SquibbBMY | 0.3% | $1m | 25,438 | -4% |
| State STR Spdr S&P 500 ETF TSPY | 0.3% | $1m | 1,922 | -3% |
| Bank of AmericaBAC | 0.3% | $1m | 24,580 | Held |
| Morgan StanleyMS | 0.3% | $1m | 6,533 | -4% |
| General ElectricGE | 0.2% | $1m | 3,342 | -19% |
| Honeywell AerospaceHONA | 0.2% | $1m | 5,373 | New |
| PepsiCoPEP | 0.2% | $1m | 8,263 | -55% |
| GE VernovaGEV | 0.2% | $1m | 907 | -9% |
| Alibaba Group HldgBABA | 0.2% | $969,398 | 10,100 | Held |
| CrowdStrike HoldingsCRWD | 0.2% | $950,109 | 1,245 | Held |
| StrykerSYK | 0.2% | $944,520 | 3,000 | Held |
| UnitedHealth GroupUNH | 0.2% | $926,855 | 2,230 | -14% |
| ChevronCVX | 0.2% | $901,734 | 5,440 | -17% |
| Solstice Advanced MaterialsSOLS | 0.2% | $897,429 | 10,129 | Held |
| Lowe's CompaniesLOW | 0.2% | $837,862 | 3,800 | Held |
| J P Morgan Exchange Traded FJEPI | 0.2% | $804,896 | 14,251 | -6% |
| Pershing Square USAPSUS | 0.1% | $747,600 | 20,000 | New |
| Cisco SystemsCSCO | 0.1% | $723,554 | 6,160 | -22% |
| International Business MachinesIBM | 0.1% | $660,844 | 2,350 | Held |
| PureCycle TechnologiesPCT | 0.1% | $653,398 | 80,567 | Held |
| Uber TechnologiesUBER | 0.1% | $640,781 | 8,880 | Held |
| Kinder MorganKMI | 0.1% | $595,154 | 18,616 | Held |
| Amazon.comAMZN | 0.1% | $574,399 | 2,410 | -2% |
| J P Morgan Exchange Traded FJEPQ | <0.1% | $516,879 | 8,410 | -8% |
| EatonETN | <0.1% | $511,344 | 1,200 | Held |
| VisaV | <0.1% | $473,464 | 1,380 | Held |
| Ishares TRIJK | <0.1% | $329,000 | 2,800 | Held |
| MerckMRK | <0.1% | $321,250 | 2,500 | Held |
| Invesco QQQ TRQQQ | <0.1% | $282,041 | 383 | Held |
| PfizerPFE | <0.1% | $280,532 | 11,650 | -5% |
| Air Products & ChemicalsAPD | <0.1% | $218,712 | 746 | Held |
| Vanguard Intl Equity Index FVWO | <0.1% | $217,869 | 3,650 | New |
| Ishares TRINDA | <0.1% | $207,932 | 4,210 | -9% |
| SLB LimitedSLB | <0.1% | $205,718 | 4,425 | Held |
| Seaport Entertainment GroupSEG | <0.1% | $201,734 | 7,584 | New |
| Listed FDS TRMETV | <0.1% | $184,500 | 10,000 | Held |
Over time and by industry
Value over time
Jun '25
Dec '25
Jun '26
Value is up 14.1% since 30 June 2025.
Where the money is
Technology64.4%
Health care10.6%
Industrials8.1%
Financial services6.6%
Everyday goods2.7%
Retail & consumer2.0%
Energy1.9%
Media & telecom1.6%
Real estate0.4%
Materials0.3%
Other1.4%
From the fund's 13F filings. They list US stocks and options only, 45 days after each quarter, and leave out cash, bonds, shorts and foreign shares.