INDEPENDENT INVESTORS INC
Long book
$503.6M
Q1 2026
Positions
70
Top-10 weight
76%
concentration
Last quarter
+15.7%
SPY +14.8%
Turnover
4%
of book per quarter
Strategy in plain words
auto-generated from filingsINDEPENDENT INVESTORS INC is a diversified fundamental manager, specialised in technology (64% of the long book), running a $503.6M US long book across 70 positions.
The portfolio is extremely concentrated — the top 10 positions are almost the whole book. The book barely moves quarter to quarter — a patient, low-turnover holder. Current anchor positions: APPLE INC, MICROSOFT CORP, JOHNSON & JOHNSON, JPMORGAN CHASE & CO, AMGEN INC.
Over the last 9 quarters its long book ran on average 0.7pp per quarter ahead of the S&P 500, beating the index in 6 of 9 quarters. We rate its filings as signal-bearing: position changes reflect genuine views.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+11.1%
Q2 2024
+8.8%
Q3 2024
+3.7%
Q4 2024
-6.2%
Q1 2025
-0.8%
Q2 2025
+15.0%
Q3 2025
+4.3%
Q4 2025
-5.2%
Q1 2026
+15.7%
Sector allocation
Technology 65%
Healthcare 11%
Industrials 8%
Financials 7%
Other 2%
Energy 2%
Consumer discretionary 2%
Services media 1%
Long book by quarter
What does INDEPENDENT INVESTORS own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| AAPL APPLE INC | Technology | 1.1M | $274.4M | 54.5% | -1.1% |
| MSFT MICROSOFT CORP | Technology | 54.3K | $20.1M | 4.0% | Held |
| JNJ JOHNSON & JOHNSON | Healthcare | 71.2K | $17.4M | 3.5% | -0.6% |
| JPM JPMORGAN CHASE & CO | Financials | 55.8K | $16.4M | 3.3% | -1.8% |
| AMGN AMGEN INC | Healthcare | 29.5K | $10.4M | 2.1% | -0.6% |
| XOM EXXON MOBIL CORP | Energy | 61.0K | $10.4M | 2.1% | -1.3% |
| ABBV ABBVIE INC | Healthcare | 44.7K | $9.7M | 1.9% | -1.1% |
| HON HONEYWELL INTERNATIONAL INC | Industrials | 41.5K | $9.4M | 1.9% | -1.8% |
| WAT WATERS CORP | Healthcare | 26.2K | $7.8M | 1.5% | Held |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 14.9K | $7.1M | 1.4% | -1.7% |
| NVDA NVIDIA CORP | Technology | 38.6K | $6.7M | 1.3% | Held |
| EMR EMERSON ELECTRIC CO | Industrials | 48.9K | $6.4M | 1.3% | Held |
| BA BOEING CO/THE | Industrials | 30.4K | $6.0M | 1.2% | Held |
| PG PROCTER & GAMBLE CO/THE | Other | 40.1K | $5.8M | 1.2% | -3.6% |
| MCD MCDONALD'S CORP | Consumer discretionary | 17.1K | $5.3M | 1.1% | -3.3% |
| NSC NORFOLK SOUTHERN CORP | Industrials | 17.5K | $5.0M | 1.0% | Held |
| QCOM QUALCOMM INC | Technology | 34.3K | $4.4M | 0.9% | Held |
| ORCL ORACLE CORP | Technology | 29.9K | $4.4M | 0.9% | Held |
| DOV DOVER CORP | Industrials | 20.4K | $4.3M | 0.8% | -1.0% |
| DIS WALT DISNEY CO/THE | Services media | 44.0K | $4.2M | 0.8% | -3.0% |
| AXP AMERICAN EXPRESS CO | Financials | 12.0K | $3.6M | 0.7% | Held |
| ABT ABBOTT LABORATORIES | Healthcare | 34.4K | $3.5M | 0.7% | -1.4% |
| LHX L3HARRIS TECHNOLOGIES INC | Technology | 9.7K | $3.4M | 0.7% | Held |
| NKE NIKE INC -CL B | Other | 60.0K | $3.2M | 0.6% | Held |
| GS GOLDMAN SACHS GROUP INC | Financials | 3.6K | $3.1M | 0.6% | Held |
| COST COSTCO WHOLESALE CORP | Consumer discretionary | 2.9K | $2.9M | 0.6% | -0.9% |
| PEP PEPSICO INC | Consumer staples | 18.2K | $2.8M | 0.6% | -6.4% |
| UNP UNION PACIFIC CORP | Industrials | 11.6K | $2.8M | 0.6% | Held |
| KO COCA-COLA CO/THE | Consumer staples | 35.5K | $2.7M | 0.5% | Held |
| GOOG ALPHABET INC-CL C | Technology | 9.3K | $2.7M | 0.5% | Held |
| CL COLGATE-PALMOLIVE CO | Other | 28.0K | $2.4M | 0.5% | Held |
| UPS UNITED PARCEL SERVICE-CL B | Industrials | 24.0K | $2.4M | 0.5% | Held |
| HD HOME DEPOT INC | Consumer discretionary | 6.0K | $2.0M | 0.4% | -3.6% |
| HHH HOWARD HUGHES HOLDINGS INC | Real estate | 28.6K | $1.8M | 0.4% | -1.0% |
| GOOGL ALPHABET INC-CL A | Technology | 5.9K | $1.7M | 0.3% | -9.2% |
| BMY BRISTOL-MYERS SQUIBB CO | Healthcare | 26.4K | $1.6M | 0.3% | -1.9% |
| CVX CHEVRON CORP | Energy | 6.6K | $1.4M | 0.3% | -3.7% |
| BAC BANK OF AMERICA CORP | Financials | 24.6K | $1.2M | 0.2% | -1.2% |
| GE GENERAL ELECTRIC | Industrials | 4.1K | $1.2M | 0.2% | -2.9% |
| MS MORGAN STANLEY | Financials | 6.8K | $1.1M | 0.2% | -2.9% |
| SYK STRYKER CORP | Healthcare | 3.0K | $986K | 0.2% | Held |
| URI UNITED RENTALS INC | Services media | 1.3K | $965K | 0.2% | Held |
| LOW LOWE'S COS INC | Consumer discretionary | 3.8K | $898K | 0.2% | Held |
| GEV GE VERNOVA INC | Industrials | 996 | $869K | 0.2% | -3.0% |
| SOLS SOLSTICE ADV MATERIALS INC | Materials | 10.3K | $787K | 0.2% | -2.4% |
| UNH UNITEDHEALTH GROUP INC | Financials | 2.6K | $698K | 0.1% | -9.3% |
| KVUE KENVUE INC | Other | 38.2K | $659K | 0.1% | -2.5% |
| UBER UBER TECHNOLOGIES INC | Services media | 9.0K | $650K | 0.1% | -0.8% |
| KMI KINDER MORGAN INC | Utilities | 18.6K | $624K | 0.1% | -2.6% |
| CSCO CISCO SYSTEMS INC | Technology | 7.9K | $611K | 0.1% | -4.8% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | Apr 17, 2026 | 70 | $503.6M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Jan 15, 2026 | 69 | $538.1M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Oct 30, 2025 | 70 | $519.6M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Jul 18, 2025 | 67 | $459.1M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 1, 2025 | 70 | $471.3M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Jan 27, 2025 | 66 | $505.2M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Oct 24, 2024 | 69 | $493.5M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Jul 16, 2024 | 67 | $455.7M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | Apr 26, 2024 | 67 | $418.2M | canonical | SEC ↗ |