Independent Investors

Independent Investors as of March 31, 2013

Portfolio Holdings for Independent Investors

Independent Investors holds 99 positions in its portfolio as reported in the March 2013 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
Apple (AAPL) 15.3 $28B 63k 442652.53
Johnson & Johnson (JNJ) 4.8 $8.8B 108k 81528.51
Procter & Gamble Company (PG) 4.3 $7.8B 102k 77051.70
Exxon Mobil Corporation (XOM) 4.3 $7.8B 86k 90106.66
Waters Corporation (WAT) 3.1 $5.6B 60k 93898.59
International Business Machines (IBM) 2.9 $5.3B 25k 213295.96
Honeywell International (HON) 2.3 $4.2B 55k 75340.86
Coca-Cola Company (KO) 2.1 $3.9B 95k 40438.25
Schlumberger (SLB) 2.0 $3.7B 50k 74873.20
United Parcel Service (UPS) 2.0 $3.7B 43k 85879.63
JPMorgan Chase & Co. (JPM) 1.9 $3.6B 75k 47458.75
General Electric Company 1.9 $3.4B 149k 23113.99
3M Company (MMM) 1.8 $3.4B 32k 106301.46
Qualcomm (QCOM) 1.8 $3.4B 50k 66926.15
Emerson Electric (EMR) 1.8 $3.3B 60k 55867.52
Baxter International (BAX) 1.8 $3.2B 45k 72629.21
Colgate-Palmolive Company (CL) 1.7 $3.1B 26k 118009.08
Boeing Company (BA) 1.6 $3.0B 34k 85847.27
Walt Disney Company (DIS) 1.6 $2.9B 52k 56798.46
Amgen (AMGN) 1.6 $2.9B 29k 102491.23
McDonald's Corporation (MCD) 1.5 $2.8B 28k 99679.14
Abbvie (ABBV) 1.4 $2.5B 62k 40774.82
Oracle Corporation (ORCL) 1.3 $2.4B 76k 32317.88
Bristol Myers Squibb (BMY) 1.3 $2.4B 58k 41180.56
Pepsi (PEP) 1.2 $2.3B 29k 79105.52
Abbott Laboratories (ABT) 1.2 $2.2B 63k 35313.74
Nike (NKE) 1.1 $2.1B 35k 59000.00
Berkshire Hathaway Inc. Class B 1.1 $2.0B 19k 104193.80
Microsoft Corporation (MSFT) 1.0 $1.9B 66k 28602.98
Dover Corporation (DOV) 1.0 $1.8B 25k 72845.85
Watts Water Technologies (WTS) 1.0 $1.8B 38k 47973.68
Pall Corporation 1.0 $1.8B 26k 68346.15
Novartis (NVS) 1.0 $1.8B 25k 71219.51
Jacobs Engineering 0.9 $1.7B 30k 56237.62
Precision Castparts 0.9 $1.7B 8.8k 189545.45
Norfolk Southern (NSC) 0.8 $1.5B 20k 77050.00
E.I. du Pont de Nemours & Company 0.8 $1.4B 29k 49132.95
Union Pacific Corporation (UNP) 0.8 $1.4B 9.6k 142337.66
Philip Morris International (PM) 0.7 $1.3B 14k 92661.87
Extreme Networks (EXTR) 0.7 $1.3B 35k 36985.51
Cisco Systems (CSCO) 0.7 $1.3B 60k 20893.53
Vodafone 0.7 $1.2B 44k 28390.80
Yum! Brands (YUM) 0.7 $1.2B 17k 71882.35
American Express Company (AXP) 0.6 $1.1B 17k 67455.62
Halliburton Company (HAL) 0.6 $1.1B 26k 40378.79
Pfizer (PFE) 0.6 $998M 35k 28843.93
Kimberly-Clark Corporation (KMB) 0.5 $930M 9.5k 97894.74
Baker Hughes Incorporated 0.5 $937M 20k 46386.14
Howard Hughes 0.5 $884M 11k 83791.47
Eli Lilly & Co. (LLY) 0.5 $851M 15k 56733.33
BP (BP) 0.5 $834M 20k 42335.03
Devon Energy Corporation (DVN) 0.5 $818M 15k 56413.79
FedEx Corporation (FDX) 0.4 $785M 8.0k 98125.00
Intel Corporation (INTC) 0.4 $794M 36k 21813.19
Google 0.4 $786M 990.00 793939.39
ConocoPhillips (COP) 0.4 $745M 12k 60090.34
Goldman Sachs (GS) 0.4 $728M 5.0k 147070.71
Deere & Co 0.4 $726M 8.5k 85917.16
Oaktree Cap 0.4 $739M 15k 50965.52
Chevron Corporation (CVX) 0.4 $706M 6.0k 118655.46
Caterpillar (CAT) 0.4 $669M 7.7k 86883.12
Cummins (CMI) 0.4 $671M 5.8k 115689.66
Broadcom Corporation 0.4 $674M 20k 34652.96
L-3 Communications Holdings 0.3 $639M 7.9k 80886.08
Bank of America Corporation (BAC) 0.3 $597M 49k 12176.47
Bank of New York Mellon Corporation (BK) 0.3 $599M 21k 27963.21
Cytec Industries 0.3 $600M 8.1k 74074.07
Fluor Corporation (FLR) 0.3 $530M 8.0k 66250.00
Kraft Foods 0.3 $515M 10k 51500.00
Lowe's Companies (LOW) 0.3 $515M 14k 37867.65
Stryker Corporation (SYK) 0.3 $502M 7.7k 65194.81
Altria (MO) 0.3 $471M 14k 34379.56
Freeport-McMoRan Copper & Gold (FCX) 0.3 $470M 14k 33098.59
Home Depot (HD) 0.2 $460M 6.6k 69696.97
Anadarko Pete Corp 0.2 $445M 5.1k 87254.90
Corning Incorporated (GLW) 0.2 $413M 31k 13322.58
Costco Wholesale Corporation (COST) 0.2 $419M 4.0k 106075.95
Martin Marietta Materials (MLM) 0.2 $408M 4.0k 102000.00
Agilent Technologies Inc C ommon (A) 0.2 $398M 9.5k 41894.74
Xylem (XYL) 0.2 $396M 14k 27500.00
Morgan Stanley (MS) 0.2 $374M 17k 21967.69
Air Products & Chemicals (APD) 0.2 $370M 4.3k 87058.82
Time Warner 0.2 $337M 5.9k 57606.84
Vanguard Emerging Markets ETF (VWO) 0.2 $321M 7.5k 42800.00
Monsanto Company 0.2 $316M 3.0k 105333.33
D.e Master Blenders 1753 0.2 $309M 20k 15450.00
E M C Corp Mass 0.2 $298M 13k 23840.00
Nestle SA Reg Shs. Ser. B Spons (NSRGY) 0.1 $282M 3.9k 72307.69
iShares MSCI Pacific ex-Japan Idx (EPP) 0.1 $260M 5.3k 49523.81
iShares MSCI Emerging Markets Indx (EEM) 0.1 $238M 5.6k 42690.58
Apache Corporation 0.1 $235M 3.1k 77049.18
TJX Companies (TJX) 0.1 $243M 5.2k 46730.77
WISDOM TREE EMERGING MARKET Equity Fund 0.1 $245M 4.5k 55056.18
Eaton (ETN) 0.1 $245M 4.0k 61250.00
Enterprise Products Partners (EPD) 0.1 $204M 3.4k 60000.00
ITT Corporation 0.1 $204M 7.2k 28333.33
Aqua America 0.1 $207M 6.6k 31368.39
Exelis 0.1 $156M 14k 10833.33
Research In Motion 0.1 $153M 11k 14433.96