II
Independent Investors Inc 13F Filings Tracker & Latest Positions (Q2 2026)
Independent Investors IncCIK: 0001121908
Concentrated strategySector-focusedLong-term holder
Total reported value
$523.6M
Reporting period: 2026-06-30 · Number of holdings: 73
INDEPENDENT INVESTORS INC disclosed 73 holdings in its latest 13F filing for the period ending 2026-06-30, with total reported value of $523.6M and a quarterly turnover rate of 0.0%.
Browse other institutions with $100M to $1B AUMBrowse other institutions starting with "I"
Personality snowflake
- Concentration
- 100
- Portfolio Stability
- 0
- Momentum
- 50
- Sector conviction
- 100
- Diversification
- 100
- Sizing Uniformity
- 51.65
Independent Investors Inc's disclosed holdings carry a Herfindahl concentration index of 0.330 — mathematically equivalent to about 3 equally-sized positions, well below its 73 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes vary widely across the portfolio (a coefficient of variation of 4.83), with a handful of outsized bets alongside many smaller positions.
No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.
Source and citation information
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Recent moves
View source Form 13F filing on SEC.govAdd AAPL
-4.9% $23.1M
Trim HON
-51.0% -$4.8M
Trim XOM
-3.9% -$2.3M
Trim PEP
-54.6% -$1.7M
Add QCOM
-2.0% $1.8M
Trim MSFT
-4.1% -$684.5K
Holdings Map
New buyAddUnchangedTrim
Top 10 holdings by weight
Full holdings list this quarter
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | AAPL | Apple Inc | Stock-Tech | 56.81% | +2.33% | -4.91% | |
| 2 | MSFT | Microsoft CORP | Stock-Tech | 3.71% | -0.28% | -4.14% | |
| 3 | JNJ | Johnson & Johnson | Stock-Healthcare | 3.41% | -0.04% | -1.12% | |
| 4 | JPM | Jpmorgan Chase & Co | Stock-Financials | 3.39% | +0.13% | -2.87% | |
| 5 | AMGN | Amgen Inc | Stock-Healthcare | 2.02% | -0.04% | -1.02% | |
| 6 | ABBV | Abbvie Inc | Stock-Healthcare | 1.94% | +0.01% | -9.85% | |
| 7 | XOM | Exxon Mobil CORP | Stock-Energy | 1.53% | -0.53% | -3.93% | |
| 8 | WAT | Waters CORP | Stock-Healthcare | 1.48% | -0.07% | -21.02% | |
| 9 | NVDA | Nvidia CORP | Stock-Tech | 1.46% | +0.12% | -0.79% | |
| 10 | EMR | Emerson Electric Co | Stock-Industrials | 1.34% | +0.07% | — | |
| 11 | BA | Boeing Co/the | Stock-Industrials | 1.22% | +0.02% | -2.96% | |
| 12 | BRK-B | Berkshire Hathaway Inc-cl B | Stock-Other | 1.20% | -0.22% | -15.52% | |
| 13 | QCOM | Qualcomm Inc | Stock-Tech | 1.19% | +0.31% | -2.04% | |
| 14 | NSC | Norfolk Southern CORP | Stock-Industrials | 1.02% | +0.02% | -2.85% | |
| 15 | PG | Procter & Gamble Co/the | Stock-Consumer Staples | 0.99% | -0.16% | -11.67% | |
| 16 | DOV | Dover CORP | Stock-Industrials | 0.87% | +0.03% | — | |
| 17 | HON | Honeywell International Inc | Stock-Industrials | 0.87% | -0.99% | -50.97% | |
| 18 | MCD | Mcdonald's CORP | Stock-Consumer Disc | 0.86% | -0.20% | -2.92% | |
| 19 | ORCL | Oracle CORP | Stock-Tech | 0.84% | -0.03% | — | |
| 20 | DIS | Walt Disney Co/the | Stock-Comm Services | 0.80% | -0.04% | -1.02% | |
| 21 | AXP | American Express Co | Stock-Financials | 0.71% | -0.01% | -8.33% | |
| 22 | GS | Goldman Sachs Group Inc | Stock-Financials | 0.67% | +0.06% | -4.12% | |
| 23 | UNP | Union Pacific CORP | Stock-Industrials | 0.58% | +0.02% | -4.30% | |
| 24 | KO | Coca-cola Co/the | Stock-Consumer Staples | 0.55% | +0.01% | — | |
| 25 | LHX | L3harris Technologies Inc | Stock-Industrials | 0.54% | -0.13% | — | |
| 26 | NVS | Novartis Ag-sponsored Adr | Stock-Healthcare | 0.54% | — | — | |
| 27 | GOOG | Alphabet Inc-cl C | Stock-Comm Services | 0.53% | — | -16.15% | |
| 28 | UPS | United Parcel Service-cl B | Stock-Industrials | 0.49% | +0.02% | — | |
| 29 | ABT | Abbott Laboratories | Stock-Healthcare | 0.48% | -0.22% | -19.05% | |
| 30 | NKE | Nike Inc -cl B | Stock-Consumer Disc | 0.47% | -0.16% | — | |
| 31 | CL | Colgate-palmolive Co | Stock-Consumer Staples | 0.47% | — | -4.28% | |
| 32 | COST | Costco Wholesale CORP | Stock-Consumer Staples | 0.43% | -0.14% | -15.71% | |
| 33 | HHH | Howard Hughes Holdings Inc | Stock-Real Estate | 0.39% | +0.03% | — | |
| 34 | HD | Home Depot Inc | Stock-Consumer Disc | 0.34% | -0.05% | -16.41% | |
| 35 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 0.30% | -0.04% | -25.34% | |
| 36 | IVV | Ishares Core S&p 500 ETF | ETF-Large Cap & Growth | 0.30% | +0.03% | — | |
| 37 | URI | United Rentals Inc | Stock-Industrials | 0.29% | +0.10% | — | |
| 38 | BMY | Bristol-myers Squibb Co | Stock-Healthcare | 0.28% | -0.04% | -3.78% | |
| 39 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-Large Cap & Growth | 0.27% | +0.02% | -2.54% | |
| 40 | BAC | Bank Of America CORP | Stock-Financials | 0.27% | +0.03% | — | |
| 41 | MS | Morgan Stanley | Stock-Financials | 0.26% | +0.04% | -3.69% | |
| 42 | GE | General Electric | Stock-Industrials | 0.24% | +0.01% | -18.77% | |
| 43 | ✓ | Stock-Other | 0.23% | +0.23% | NEW | ||
| 44 | PEP | Pepsico Inc | Stock-Consumer Staples | 0.21% | -0.35% | -54.63% | |
| 45 | GEV | GE Vernova Inc | Stock-Industrials | 0.20% | +0.03% | -8.94% | |
| 46 | BABA | Alibaba Group Holding-sp Adr | Stock-Consumer Disc | 0.19% | -0.06% | — | |
| 47 | CRWD | Crowdstrike Holdings Inc - A | Stock-Tech | 0.18% | +0.08% | -1.97% | |
| 48 | SYK | Stryker CORP | Stock-Healthcare | 0.18% | -0.02% | — | |
| 49 | UNH | Unitedhealth Group Inc | Stock-Healthcare | 0.18% | +0.04% | -13.57% | |
| 50 | CVX | Chevron CORP | Stock-Energy | 0.17% | -0.10% | -17.45% |
1–50 of 73
Portfolio Performance
Performance for Q3 2026
+3.6%
Performance Last 4 Quarters
+26.7%
- Stdev
- +15.3%
- Beta
- +0.84
- Alpha
- +0.6%
- Max Drawdown
- -10.3%
- Annualized Perf
- +17.5%
- Batting Avg vs S&P
- +50%
- Sortino
- +2.25
- Stutzer
- +0.34
- Treynor
- +0.21
- Sterling
- +1
- Calmar
- +1.7
- Information Ratio
- -0.24
- Tracking Error
- +11%
- Stdev Down
- +7.7%
- Winning Months %
- +61.1%
- Losing Months %
- +38.9%
- Best 12 Months
- +37.2%
- Worst 12 Months
- +1.7%
- Efficiency Ratio
- +0.46
- Sharpe
- +1.14
- Stdev Sectors
- +19.1%
- Skewness
- +0.1
- Kurtosis
- -0.65
- Upside Potential
- +4.06
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2026 Q2 | 73 | $523.6M | 0 | ||
| 2026 Q1 | 70 | $503.6M | 11 | ||
| 2025 Q4 | 69 | $538.1M | 7 | ||
| 2025 Q3 | 70 | $519.6M | 15 | ||
| 2025 Q2 | 67 | $459.1M | 0 | ||
| 2025 Q1 | 70 | $471.3M | 100 | ||
| 2024 Q4 | 66 | $505.2M | 0 | ||
| 2024 Q3 | 69 | $493.5M | 0 | ||
| 2024 Q2 | 67 | $455.7M | 0 | ||
| 2024 Q1 | 67 | $418.2M | 0 | ||
| 2023 Q4 | 67 | $434.5M | 0 | ||
| 2023 Q3 | 67 | $394.2M | 0 | ||
| 2023 Q2 | 66 | $431.2M | 0 | ||
| 2023 Q1 | 69 | $402.8M | 0 | ||
| 2022 Q4 | 66 | $359.3M | 0 | ||
| 2022 Q3 | 65 | $351.5M | 0 | ||
| 2022 Q2 | 69 | $369.4M | 0 | ||
| 2022 Q1 | 76 | $449.2M | 0 | ||
| 2021 Q4 | 77 | $468.0M | 0 | ||
| 2021 Q3 | 73 | $402.2M | 0 | ||
| 2021 Q2 | 74 | $406.7M | 96 | ||
| 2021 Q1 | 72 | $377.4M | 10 | ||
| 2020 Q4 | 71 | $378.6M | 13 | ||
| 2020 Q3 | 70 | $343.5M | 20 | ||
| 2020 Q2 | 68 | $296.7M | 24 | ||
| 2020 Q1 | 72 | $241.0M | 23 | ||
| 2019 Q4 | 75 | $302.1M | 16 | ||
| 2019 Q3 | 73 | $266.4M | 10 | ||
| 2019 Q2 | 75 | $259.2M | 10 | ||
| 2019 Q1 | 73 | $256.3M | 13 | ||
| 2018 Q4 | 70 | $230.7M | 21 | ||
| 2018 Q3 | 76 | $283.7M | 14 | ||
| 2018 Q2 | 78 | $254.7M | 9 | ||
| 2018 Q1 | 80 | $250.8M | 6 | ||
| 2017 Q4 | 80 | $257.1M | 9 | ||
| 2017 Q3 | 79 | $240.4M | 11 | ||
| 2017 Q2 | 78 | $231.4M | 9 | ||
| 2017 Q1 | 79 | $235.1M | 11 | ||
| 2016 Q4 | 79 | $216.1M | 9 | ||
| 2016 Q3 | 80 | $216.2M | 11 | ||
| 2016 Q2 | 79 | $206.4M | 9 | ||
| 2016 Q1 | 78 | $207.4M | 15 | ||
| 2015 Q4 | 78 | $206.9M | 13 | ||
| 2015 Q3 | 81 | $201.3M | 12 | ||
| 2015 Q2 | 80 | $221.1M | 7 | ||
| 2015 Q1 | 79 | $220.6M | 12 | ||
| 2014 Q4 | 89 | $226.9M | 9 | ||
| 2014 Q3 | 91 | $222.3M | 7 | ||
| 2014 Q2 | 91 | $220.8M | 10 | ||
| 2014 Q1 | 90 | $208.0M | 7 | ||
| 2013 Q4 | 86 | $207.6M | 13 | ||
| 2013 Q3 | 88 | $189.7M | 58 | ||
| 2013 Q2 | 93 | $181.3M | 0 |
💡
Data Source Notice: AlphaSMO is the web's most authoritative 13F / Inside Trader database. Institutional holdings and insider trades presented here are precisely computed to deliver accurate portfolio reporting.
Holding changes this quarter
Independent Investors Inc's most significant position changes for 2026-06-30: New buy: ; New buy: ; Sold out: Kenvue Inc (KVUE); New buy: Vanguard Ftse Emerging Marke (VWO); New buy: Seaport Entertainment Group (SEG).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | AAPL | Apple Inc | +2.3% | -4.91% | Trim |
| 2 | QCOM | Qualcomm Inc | +0.3% | -2.04% | Trim |
| 3 | ✓ | +0.2% | NEW | New buy | |
| 4 | ✓ | +0.1% | NEW | New buy | |
| 5 | JPM | Jpmorgan Chase & Co | +0.1% | -2.87% | Trim |
| 6 | NVDA | Nvidia CORP | +0.1% | -0.79% | Trim |
| 7 | URI | United Rentals Inc | +0.1% | — | Unchanged |
| 8 | CRWD | Crowdstrike Holdings Inc - A | +0.1% | -1.97% | Trim |
| 9 | EMR | Emerson Electric Co | +0.1% | — | Unchanged |
| 10 | GS | Goldman Sachs Group Inc | +0.1% | -4.12% | Trim |
| 11 | MS | Morgan Stanley | 0% | -3.69% | Trim |
| 12 | PCT | Purecycle Technologies Inc | 0% | — | Unchanged |
| 13 | UNH | Unitedhealth Group Inc | 0% | -13.57% | Trim |
| 14 | VWO | Vanguard Ftse Emerging Marke | 0% | NEW | New buy |
| 15 | SEG | Seaport Entertainment Group | 0% | NEW | New buy |
| 16 | DOV | Dover CORP | 0% | — | Unchanged |
| 17 | HHH | Howard Hughes Holdings Inc | 0% | — | Unchanged |
| 18 | BAC | Bank Of America CORP | 0% | — | Unchanged |
| 19 | IVV | Ishares Core S&p 500 ETF | 0% | — | Unchanged |
| 20 | GEV | GE Vernova Inc | 0% | -8.94% | Trim |
| 21 | BA | Boeing Co/the | 0% | -2.96% | Trim |
| 22 | NSC | Norfolk Southern CORP | 0% | -2.85% | Trim |
| 23 | UPS | United Parcel Service-cl B | 0% | — | Unchanged |
| 24 | UNP | Union Pacific CORP | 0% | -4.30% | Trim |
| 25 | SPY | Ss Spdr S&p 500 ETF Trust-us | 0% | -2.54% | Trim |
| 26 | CSCO | Cisco Systems Inc | 0% | -21.73% | Trim |
| 27 | IBM | Intl Business Machines CORP | 0% | — | Unchanged |
| 28 | ABBV | Abbvie Inc | 0% | -9.85% | Trim |
| 29 | KO | Coca-cola Co/the | 0% | — | Unchanged |
| 30 | SOLS | Solstice Adv Materials Inc | 0% | -1.94% | Trim |
| 31 | ETN | Eaton Corporation plc | 0% | — | Unchanged |
| 32 | GE | General Electric | 0% | -18.77% | Trim |
| 33 | AMZN | Amazon.com Inc | 0% | -2.23% | Trim |
| 34 | QQQ | Invesco Qqq Trust Series 1 | 0% | — | Unchanged |
| 35 | V | Visa Inc-class A Shares | 0% | — | Unchanged |
| 36 | METV | Roundhill Ball Metaverse ETF | 0% | — | Unchanged |
| 37 | GOOG | Alphabet Inc-cl C | — | -16.15% | Trim |
| 38 | NVS | Novartis Ag-sponsored Adr | — | — | Unchanged |
| 39 | CL | Colgate-palmolive Co | — | -4.28% | Trim |
| 40 | IJK | Ishares S&p Mid-cap 400 Grow | — | — | Unchanged |
| 41 | MRK | Merck & Co. Inc. | — | — | Unchanged |
| 42 | JEPQ | JPM Nasdaq Equity Premium | — | -7.79% | Trim |
| 43 | INDA | Ishares Msci India ETF | — | -8.87% | Trim |
| 44 | APD | Air Products & Chemicals Inc | — | — | Unchanged |
| 45 | AXP | American Express Co | 0% | -8.33% | Trim |
| 46 | KMI | Kinder Morgan, Inc. | 0% | — | Unchanged |
| 47 | SLB | Slb LTD | 0% | — | Unchanged |
| 48 | UBER | Uber Technologies Inc | 0% | -1.77% | Trim |
| 49 | PFE | Pfizer Inc | 0% | -4.90% | Trim |
| 50 | LOW | Lowe's Cos Inc | 0% | — | Unchanged |
1–50 of 74
Filing History
FAQ
What is Independent Investors Inc and what type of investor is it?
Independent Investors Inc is an investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-06-30), the firm manages a tracked equity portfolio valued at approximately $523.6M, spread across 73 disclosed positions.
What are Independent Investors Inc's largest equity positions?
Based on the latest 13F filing, Independent Investors Inc's top holdings by market value are:
1. Apple Inc (AAPL) — $297.5M (56.8%)
2. Microsoft CORP (MSFT) — $19.4M (3.7%)
3. Johnson & Johnson (JNJ) — $17.9M (3.4%)
4. Jpmorgan Chase & Co (JPM) — $17.7M (3.4%)
5. Amgen Inc (AMGN) — $10.6M (2.0%)
What changes did Independent Investors Inc make in its most recent portfolio filing?
In the latest reported quarter, Independent Investors Inc made 48 notable position adjustments: 4 new positions were initiated, 0 existing holdings were added to, 43 positions were partially reduced, and 1 were completely exited. The largest of these moves: New buy: ; New buy: ; Sold out: Kenvue Inc (KVUE); New buy: Vanguard Ftse Emerging Marke (VWO); New buy: Seaport Entertainment Group (SEG)
What sectors does Independent Investors Inc focus on?
Independent Investors Inc is concentrated in the following sectors based on its current disclosed equity portfolio:
• Information Technology: 66.3%
• Health Care: 10.9%
• Industrials: 8.1%
• Financials: 5.5%
• Consumer Staples: 2.7%
• Consumer Discretionary: 2.2%
Investment Profile
Independent Investors Inc returned an annualized 17.5% over the trailing 36 months — outperforming the S&P 500 by 0.6 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 0.84 (less volatile than the market) and a 50% quarterly batting average against the index.
Its portfolio is concentrated and long-term-holding, with 66.3% of the portfolio concentrated in Information Technology.
It has added to its JNJ position over the past two quarters (+$3.1M, now $17.9M), while trimming MSFT over the same stretch (-$6.8M, still holding $19.4M).
Peer Institutions
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SC
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CIK 0001388279
Total reported value
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36 stks
2026-06-30
Concentration14.9
Portfolio Stability21.2
Sector conviction100.0
AUM within 0.1% of this institution
View detail
SD
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CIK 0001794153
Total reported value
$523.9M
174 stks
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Concentration14.2
Portfolio Stability0.0
Sector conviction59.6
AUM within 0.1% of this institution
View detail
HW
Hedeker Wealth, LLC
CIK 0001633910
Total reported value
$524.1M
92 stks
2026-06-30
Concentration9.4
Portfolio Stability21.1
Sector conviction62.3
AUM within 0.1% of this institution
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B&
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CIK 0000012933
Total reported value
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Concentration4.0
Portfolio Stability0.0
Sector conviction47.7
Also holds Apple Inc as its largest position
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CF
Cincinnati Financial CORP
CIK 0000020286
Total reported value
$5.2B
56 stks
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Concentration20.3
Portfolio Stability23.4
Sector conviction72.2
Also holds Apple Inc as its largest position
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FA
First American Trust, FSB
CIK 0000036066
Total reported value
$1.7B
491 stks
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Concentration5.6
Portfolio Stability23.2
Sector conviction59.3
Also holds Apple Inc as its largest position
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Developer Access
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