Independent Investors

Independent Investors as of Dec. 31, 2011

Portfolio Holdings for Independent Investors

Independent Investors holds 91 positions in its portfolio as reported in the December 2011 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
Apple (AAPL) 16.2 $27B 66k 404999.77
Exxon Mobil Corporation (XOM) 4.9 $8.0B 95k 84757.40
Johnson & Johnson (JNJ) 4.5 $7.5B 114k 65574.06
Procter & Gamble Company (PG) 4.5 $7.4B 111k 66702.71
Waters Corporation (WAT) 3.1 $5.2B 70k 74037.09
International Business Machines (IBM) 3.1 $5.2B 28k 183861.30
United Parcel Service (UPS) 2.4 $4.0B 55k 73181.82
Coca-Cola Company (KO) 2.3 $3.8B 54k 69952.42
Abbott Laboratories (ABT) 2.2 $3.6B 64k 56225.53
Schlumberger (SLB) 2.1 $3.6B 52k 68304.96
McDonald's Corporation (MCD) 2.0 $3.3B 33k 100306.28
Emerson Electric (EMR) 1.9 $3.2B 68k 46587.89
Qualcomm (QCOM) 1.8 $3.0B 55k 54697.25
3M Company (MMM) 1.8 $2.9B 36k 81714.76
JPMorgan Chase & Co. (JPM) 1.8 $2.9B 88k 33242.44
Honeywell International (HON) 1.8 $2.9B 53k 54333.96
General Electric Company 1.7 $2.9B 161k 17908.93
Baxter International (BAX) 1.6 $2.6B 52k 49465.65
Boeing Company (BA) 1.5 $2.5B 34k 73328.41
Colgate-Palmolive Company (CL) 1.4 $2.3B 25k 92380.95
Precision Castparts 1.2 $2.1B 13k 164720.00
Oracle Corporation (ORCL) 1.2 $2.0B 79k 25643.94
Pepsi (PEP) 1.2 $1.9B 29k 66336.97
Walt Disney Company (DIS) 1.2 $1.9B 52k 37484.28
Microsoft Corporation (MSFT) 1.2 $1.9B 74k 25956.58
Pall Corporation 1.1 $1.9B 33k 57121.21
Amgen (AMGN) 1.1 $1.8B 29k 64175.44
Bristol Myers Squibb (BMY) 1.1 $1.8B 52k 35222.44
Nike (NKE) 1.1 $1.8B 19k 96324.32
E.I. du Pont de Nemours & Company 1.0 $1.7B 37k 45760.76
Norfolk Southern (NSC) 1.0 $1.7B 23k 72844.83
Valspar Corporation 1.0 $1.7B 43k 38955.92
Watts Water Technologies (WTS) 1.0 $1.7B 49k 34204.08
Dover Corporation (DOV) 1.0 $1.6B 27k 58021.98
Jacobs Engineering 0.9 $1.6B 38k 40572.92
Berkshire Hathaway Inc. Class B 0.9 $1.5B 19k 76281.72
Novartis (NVS) 0.9 $1.4B 25k 57142.86
Cisco Systems (CSCO) 0.9 $1.4B 79k 18069.45
Devon Energy Corporation (DVN) 0.8 $1.3B 21k 61990.52
Intel Corporation (INTC) 0.8 $1.2B 51k 24241.25
Yum! Brands (YUM) 0.7 $1.2B 20k 59000.00
Philip Morris International (PM) 0.7 $1.1B 14k 78472.22
Halliburton Company (HAL) 0.7 $1.1B 32k 34503.11
Extreme Networks (EXTR) 0.7 $1.1B 40k 27544.30
BP (BP) 0.6 $991M 23k 42715.52
Baker Hughes Incorporated 0.6 $982M 20k 48613.86
Union Pacific Corporation (UNP) 0.6 $953M 9.0k 105888.89
Kimberly-Clark Corporation (KMB) 0.5 $882M 12k 73500.00
American Express Company (AXP) 0.5 $816M 17k 47167.63
Pfizer (PFE) 0.5 $766M 35k 21638.42
Kraft Foods 0.4 $706M 19k 37354.50
Fluor Corporation (FLR) 0.4 $718M 14k 50209.79
Chevron Corporation (CVX) 0.4 $686M 6.5k 106356.59
Google 0.4 $671M 1.0k 645192.31
FedEx Corporation (FDX) 0.4 $668M 8.0k 83500.00
Thomas & Betts Corporation 0.4 $655M 12k 54583.33
Home Depot (HD) 0.4 $630M 15k 42000.00
Eli Lilly & Co. (LLY) 0.4 $623M 15k 41533.33
Caterpillar (CAT) 0.4 $607M 6.7k 90597.01
Broadcom Corporation 0.4 $598M 20k 29313.73
Goldman Sachs (GS) 0.3 $574M 6.4k 90393.70
Air Products & Chemicals (APD) 0.3 $570M 6.7k 85150.88
ConocoPhillips (COP) 0.3 $546M 7.5k 72800.00
Stryker Corporation (SYK) 0.3 $531M 11k 49626.17
L-3 Communications Holdings 0.3 $526M 7.9k 66582.28
Cummins (CMI) 0.3 $510M 5.8k 87931.03
Deere & Co 0.3 $518M 6.7k 77313.43
Fidelity National Information Services (FIS) 0.3 $489M 18k 26576.09
Corning Incorporated (GLW) 0.3 $454M 35k 12971.43
Bank of New York Mellon Corporation (BK) 0.3 $426M 21k 19887.03
Vanguard Emerging Markets ETF (VWO) 0.3 $424M 11k 38198.20
Altria (MO) 0.2 $409M 14k 29637.68
Anadarko Pete Corp 0.2 $389M 5.1k 76274.51
Martin Marietta Materials (MLM) 0.2 $377M 5.0k 75400.00
Family Dollar Stores 0.2 $380M 6.6k 57575.76
Sara Lee 0.2 $378M 20k 18900.00
Cytec Industries 0.2 $361M 8.1k 44567.90
Xylem (XYL) 0.2 $369M 14k 25625.00
Agilent Technologies Inc C ommon (A) 0.2 $331M 9.5k 34842.11
Monsanto Company 0.2 $315M 4.5k 70000.00
Morgan Stanley (MS) 0.2 $320M 21k 15112.16
BHP Billiton (BHP) 0.2 $275M 3.9k 70512.82
iShares MSCI Emerging Markets Indx (EEM) 0.2 $265M 7.0k 37857.14
Bank of America Corporation (BAC) 0.2 $263M 47k 5545.13
E M C Corp Mass 0.2 $269M 13k 21520.00
MS BUFFERED JUMP VALUE S&p 02/27/2015 0.1 $243M 25k 9720.00
Nestle SA Reg Shs. Ser. B Spons (NSRGY) 0.1 $225M 3.9k 57692.31
Time Warner 0.1 $211M 5.9k 36068.38
Zimmer Holdings (ZBH) 0.1 $202M 3.8k 53157.89
Research In Motion 0.1 $184M 13k 14488.19
Exelis 0.1 $130M 14k 9027.78