Independent Investors

Independent Investors as of Sept. 30, 2012

Portfolio Holdings for Independent Investors

Independent Investors holds 89 positions in its portfolio as reported in the September 2012 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
Apple (AAPL) 22.5 $40B 60k 667102.63
Exxon Mobil Corporation (XOM) 4.5 $8.0B 88k 91445.02
Johnson & Johnson (JNJ) 4.3 $7.6B 111k 68905.26
Procter & Gamble Company (PG) 4.0 $7.2B 104k 69353.05
Waters Corporation (WAT) 2.9 $5.2B 62k 83322.63
International Business Machines (IBM) 2.9 $5.2B 25k 207433.19
Abbott Laboratories (ABT) 2.5 $4.4B 65k 68549.26
Coca-Cola Company (KO) 2.1 $3.8B 100k 37923.93
Schlumberger (SLB) 2.0 $3.7B 51k 72317.97
General Electric Company 2.0 $3.6B 156k 22705.63
United Parcel Service (UPS) 1.9 $3.4B 47k 71567.80
Honeywell International (HON) 1.8 $3.2B 54k 59739.29
Qualcomm (QCOM) 1.8 $3.1B 50k 62455.09
JPMorgan Chase & Co. (JPM) 1.7 $3.1B 77k 40471.85
3M Company (MMM) 1.7 $3.0B 33k 92410.44
Emerson Electric (EMR) 1.7 $3.0B 62k 48258.06
Colgate-Palmolive Company (CL) 1.6 $2.9B 27k 107188.08
Baxter International (BAX) 1.6 $2.8B 47k 60257.51
Walt Disney Company (DIS) 1.5 $2.7B 52k 52275.13
McDonald's Corporation (MCD) 1.4 $2.6B 28k 91741.47
Boeing Company (BA) 1.4 $2.5B 35k 69567.68
Oracle Corporation (ORCL) 1.4 $2.4B 77k 31447.20
Amgen (AMGN) 1.3 $2.4B 29k 84280.70
Microsoft Corporation (MSFT) 1.2 $2.2B 74k 29755.77
Pepsi (PEP) 1.1 $2.0B 29k 70749.48
Bristol Myers Squibb (BMY) 1.1 $2.0B 58k 33747.84
Nike (NKE) 1.0 $1.8B 19k 94864.86
Pall Corporation 1.0 $1.7B 27k 63481.48
Berkshire Hathaway Inc. Class B 0.9 $1.7B 19k 88163.81
Precision Castparts 0.9 $1.7B 10k 163300.97
Dover Corporation (DOV) 0.9 $1.6B 26k 59467.68
E.I. du Pont de Nemours & Company 0.8 $1.5B 30k 50266.92
Novartis (NVS) 0.8 $1.5B 25k 61219.51
Watts Water Technologies (WTS) 0.8 $1.4B 38k 37815.79
Jacobs Engineering 0.7 $1.3B 32k 40401.23
Norfolk Southern (NSC) 0.7 $1.3B 20k 63613.86
Philip Morris International (PM) 0.7 $1.3B 14k 89928.57
Cisco Systems (CSCO) 0.7 $1.2B 64k 19091.26
Extreme Networks (EXTR) 0.7 $1.2B 36k 34507.04
Yum! Brands (YUM) 0.6 $1.1B 17k 66294.12
Devon Energy Corporation (DVN) 0.6 $1.1B 18k 60449.44
Union Pacific Corporation (UNP) 0.6 $1.1B 9.0k 118666.67
Intel Corporation (INTC) 0.6 $1.0B 46k 22636.17
American Express Company (AXP) 0.5 $960M 17k 56804.73
Baker Hughes Incorporated 0.5 $913M 20k 45198.02
Halliburton Company (HAL) 0.5 $889M 26k 33674.24
Pfizer (PFE) 0.5 $867M 35k 24842.41
BP (BP) 0.5 $834M 20k 42335.03
Kimberly-Clark Corporation (KMB) 0.5 $814M 9.5k 85684.21
Google 0.4 $784M 1.0k 753846.15
Eli Lilly & Co. (LLY) 0.4 $711M 15k 47400.00
Kraft Foods 0.4 $711M 17k 41337.21
ConocoPhillips (COP) 0.4 $711M 13k 57108.43
Broadcom Corporation 0.4 $712M 21k 34563.11
Chevron Corporation (CVX) 0.4 $705M 6.1k 116528.93
Fluor Corporation (FLR) 0.4 $692M 12k 56260.16
Deere & Co 0.4 $696M 8.5k 82366.86
FedEx Corporation (FDX) 0.4 $676M 8.0k 84500.00
Caterpillar (CAT) 0.4 $662M 7.7k 85974.03
Oaktree Cap 0.3 $594M 15k 40965.52
Goldman Sachs (GS) 0.3 $574M 5.1k 113663.37
L-3 Communications Holdings 0.3 $566M 7.9k 71645.57
Cummins (CMI) 0.3 $534M 5.8k 92068.97
Cytec Industries 0.3 $530M 8.1k 65432.10
Bank of New York Mellon Corporation (BK) 0.3 $484M 21k 22594.65
Altria (MO) 0.3 $460M 14k 33333.33
Vanguard Emerging Markets ETF (VWO) 0.3 $463M 11k 41711.71
Bank of America Corporation (BAC) 0.2 $441M 50k 8814.89
Stryker Corporation (SYK) 0.2 $428M 7.7k 55584.42
Corning Incorporated (GLW) 0.2 $407M 31k 13129.03
Home Depot (HD) 0.2 $398M 6.6k 60303.03
Air Products & Chemicals (APD) 0.2 $351M 4.3k 82588.24
Agilent Technologies Inc C ommon (A) 0.2 $365M 9.5k 38421.05
Anadarko Pete Corp 0.2 $356M 5.1k 69803.92
Xylem (XYL) 0.2 $362M 14k 25138.89
Martin Marietta Materials (MLM) 0.2 $331M 4.0k 82750.00
E M C Corp Mass 0.2 $340M 13k 27200.00
Morgan Stanley (MS) 0.2 $304M 18k 16726.27
iShares MSCI Emerging Markets Indx (EEM) 0.2 $289M 7.0k 41285.71
Monsanto Company 0.1 $273M 3.0k 91000.00
Apache Corporation 0.1 $263M 3.1k 86229.51
Time Warner 0.1 $265M 5.9k 45299.15
WISDOM TREE EMERGING MARKET Equity Fund 0.1 $265M 5.0k 53535.35
Nestle SA Reg Shs. Ser. B Spons (NSRGY) 0.1 $246M 3.9k 63076.92
TJX Companies (TJX) 0.1 $232M 5.2k 44615.38
D.e Master Blenders 1753 0.1 $240M 20k 12000.00
Tenaris (TS) 0.1 $203M 5.0k 40600.00
Exelis 0.1 $148M 14k 10277.78
Research In Motion 0.1 $84M 11k 7500.00