Independent Investors

Independent Investors as of Dec. 31, 2012

Portfolio Holdings for Independent Investors

Independent Investors holds 92 positions in its portfolio as reported in the December 2012 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
Apple (AAPL) 19.4 $33B 62k 532169.01
Johnson & Johnson (JNJ) 4.5 $7.7B 109k 70095.77
Exxon Mobil Corporation (XOM) 4.4 $7.5B 87k 86538.57
Procter & Gamble Company (PG) 4.1 $7.0B 103k 67883.10
Waters Corporation (WAT) 3.1 $5.3B 61k 87111.11
International Business Machines (IBM) 2.8 $4.8B 25k 191544.47
Abbott Laboratories (ABT) 2.4 $4.1B 63k 65486.17
Coca-Cola Company (KO) 2.0 $3.5B 96k 36247.22
Schlumberger (SLB) 2.0 $3.5B 50k 69298.60
Honeywell International (HON) 2.0 $3.4B 54k 63468.63
United Parcel Service (UPS) 2.0 $3.3B 45k 73722.47
JPMorgan Chase & Co. (JPM) 1.9 $3.3B 76k 43956.63
Emerson Electric (EMR) 1.9 $3.2B 61k 52948.93
General Electric Company 1.9 $3.2B 152k 20988.31
Qualcomm (QCOM) 1.8 $3.1B 50k 61856.29
Baxter International (BAX) 1.8 $3.0B 46k 66659.34
3M Company (MMM) 1.7 $3.0B 32k 92830.31
Colgate-Palmolive Company (CL) 1.6 $2.7B 26k 104533.33
Walt Disney Company (DIS) 1.5 $2.6B 52k 49773.93
Boeing Company (BA) 1.5 $2.5B 34k 75339.81
Oracle Corporation (ORCL) 1.5 $2.5B 76k 33315.72
McDonald's Corporation (MCD) 1.4 $2.5B 28k 88199.64
Amgen (AMGN) 1.4 $2.5B 29k 86175.44
Pepsi (PEP) 1.2 $2.0B 29k 68424.71
Bristol Myers Squibb (BMY) 1.1 $1.9B 58k 32573.40
Nike (NKE) 1.1 $1.8B 35k 51600.00
Microsoft Corporation (MSFT) 1.0 $1.8B 66k 26701.81
Berkshire Hathaway Inc. Class B 1.0 $1.7B 19k 89663.37
Dover Corporation (DOV) 1.0 $1.7B 25k 65691.70
Precision Castparts 1.0 $1.7B 8.8k 189318.18
Watts Water Technologies (WTS) 1.0 $1.6B 38k 42973.68
Pall Corporation 0.9 $1.6B 26k 60230.77
Novartis (NVS) 0.9 $1.6B 25k 63292.68
E.I. du Pont de Nemours & Company 0.8 $1.3B 30k 44977.77
Jacobs Engineering 0.8 $1.3B 30k 42565.79
Cisco Systems (CSCO) 0.7 $1.3B 64k 19649.40
Norfolk Southern (NSC) 0.7 $1.2B 20k 61831.68
Philip Morris International (PM) 0.7 $1.2B 14k 83571.43
Extreme Networks (EXTR) 0.7 $1.2B 35k 34173.91
Yum! Brands (YUM) 0.7 $1.1B 17k 66352.94
Union Pacific Corporation (UNP) 0.6 $1.1B 8.6k 125697.67
American Express Company (AXP) 0.6 $971M 17k 57455.62
Halliburton Company (HAL) 0.5 $915M 26k 34659.09
Pfizer (PFE) 0.5 $867M 35k 25057.80
Baker Hughes Incorporated 0.5 $825M 20k 40841.58
BP (BP) 0.5 $820M 20k 41624.37
Devon Energy Corporation (DVN) 0.5 $801M 15k 52012.99
Kimberly-Clark Corporation (KMB) 0.5 $802M 9.5k 84421.05
Intel Corporation (INTC) 0.4 $752M 37k 20602.74
ConocoPhillips (COP) 0.4 $748M 13k 57984.50
FedEx Corporation (FDX) 0.4 $733M 8.0k 91625.00
Eli Lilly & Co. (LLY) 0.4 $739M 15k 49266.67
Deere & Co 0.4 $730M 8.5k 86390.53
Fluor Corporation (FLR) 0.4 $722M 12k 58699.19
Caterpillar (CAT) 0.4 $689M 7.7k 89480.52
Google 0.4 $700M 990.00 707070.71
Broadcom Corporation 0.4 $679M 21k 33202.93
Oaktree Cap 0.4 $659M 15k 45448.28
Goldman Sachs (GS) 0.4 $644M 5.1k 127524.75
Chevron Corporation (CVX) 0.4 $643M 6.0k 108067.23
Cummins (CMI) 0.4 $628M 5.8k 108275.86
L-3 Communications Holdings 0.4 $605M 7.9k 76582.28
Bank of America Corporation (BAC) 0.3 $580M 50k 11593.28
Cytec Industries 0.3 $557M 8.1k 68765.43
Bank of New York Mellon Corporation (BK) 0.3 $550M 21k 25675.74
Lowe's Companies (LOW) 0.3 $483M 14k 35514.71
Mondelez Int (MDLZ) 0.3 $437M 17k 25406.98
Altria (MO) 0.2 $433M 14k 31376.81
Stryker Corporation (SYK) 0.2 $422M 7.7k 54805.19
Home Depot (HD) 0.2 $408M 6.6k 61818.18
Corning Incorporated (GLW) 0.2 $391M 31k 12612.90
Agilent Technologies Inc C ommon (A) 0.2 $388M 9.5k 40842.11
Xylem (XYL) 0.2 $390M 14k 27083.33
Martin Marietta Materials (MLM) 0.2 $377M 4.0k 94250.00
Anadarko Pete Corp 0.2 $378M 5.1k 74117.65
Air Products & Chemicals (APD) 0.2 $357M 4.3k 84000.00
Morgan Stanley (MS) 0.2 $335M 18k 19115.55
Vanguard Emerging Markets ETF (VWO) 0.2 $333M 7.5k 44400.00
E M C Corp Mass 0.2 $316M 13k 25280.00
Monsanto Company 0.2 $283M 3.0k 94333.33
Time Warner 0.2 $279M 5.9k 47692.31
iShares MSCI Emerging Markets Indx (EEM) 0.1 $247M 5.6k 44304.93
Kraft Foods 0.1 $260M 5.7k 45383.14
Nestle SA Reg Shs. Ser. B Spons (NSRGY) 0.1 $254M 3.9k 65128.21
iShares MSCI Pacific ex-Japan Idx (EPP) 0.1 $247M 5.3k 47047.62
WISDOM TREE EMERGING MARKET Equity Fund 0.1 $254M 4.5k 57078.65
Apache Corporation 0.1 $239M 3.1k 78360.66
TJX Companies (TJX) 0.1 $220M 5.2k 42307.69
D.e Master Blenders 1753 0.1 $229M 20k 11450.00
Eaton (ETN) 0.1 $216M 4.0k 54000.00
Exelis 0.1 $162M 14k 11250.00
Research In Motion 0.1 $128M 11k 11851.85