Independent Investors

Independent Investors as of March 31, 2012

Portfolio Holdings for Independent Investors

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

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
Apple (AAPL) 19.2 $33B 56k 599537.41
Exxon Mobil Corporation (XOM) 4.4 $7.7B 89k 86725.30
Johnson & Johnson (JNJ) 4.2 $7.4B 112k 65951.33
Procter & Gamble Company (PG) 3.9 $6.9B 102k 67201.72
Waters Corporation (WAT) 3.4 $5.8B 63k 92646.59
International Business Machines (IBM) 3.0 $5.2B 25k 208622.36
United Parcel Service (UPS) 2.4 $4.1B 51k 80701.75
Abbott Laboratories (ABT) 2.3 $4.0B 66k 61283.42
Coca-Cola Company (KO) 2.1 $3.7B 50k 74004.13
Schlumberger (SLB) 2.0 $3.6B 51k 69926.77
JPMorgan Chase & Co. (JPM) 2.0 $3.5B 77k 45975.07
Qualcomm (QCOM) 1.9 $3.3B 48k 68053.83
Emerson Electric (EMR) 1.9 $3.3B 63k 52169.06
Honeywell International (HON) 1.9 $3.3B 54k 61042.83
General Electric Company 1.8 $3.2B 160k 20064.31
3M Company (MMM) 1.7 $2.9B 33k 89194.92
Baxter International (BAX) 1.6 $2.8B 47k 59763.95
McDonald's Corporation (MCD) 1.6 $2.8B 28k 98081.71
Colgate-Palmolive Company (CL) 1.5 $2.6B 27k 97765.36
Boeing Company (BA) 1.4 $2.5B 34k 74361.62
Microsoft Corporation (MSFT) 1.4 $2.4B 74k 32252.37
Walt Disney Company (DIS) 1.3 $2.3B 52k 43773.58
Oracle Corporation (ORCL) 1.2 $2.2B 74k 29150.94
Nike (NKE) 1.1 $2.0B 19k 108432.43
Precision Castparts 1.1 $2.0B 12k 172838.43
Amgen (AMGN) 1.1 $1.9B 29k 67964.91
Pepsi (PEP) 1.1 $1.9B 29k 66342.82
Bristol Myers Squibb (BMY) 1.0 $1.8B 54k 33738.32
Dover Corporation (DOV) 1.0 $1.7B 27k 62930.40
Pall Corporation 0.9 $1.6B 27k 59629.63
E.I. du Pont de Nemours & Company 0.9 $1.6B 30k 52886.37
Berkshire Hathaway Inc. Class B 0.9 $1.6B 19k 81137.27
Watts Water Technologies (WTS) 0.9 $1.5B 38k 40736.84
Cisco Systems (CSCO) 0.8 $1.5B 70k 21136.12
Jacobs Engineering 0.8 $1.4B 32k 44351.85
Novartis (NVS) 0.8 $1.4B 25k 55396.83
Norfolk Southern (NSC) 0.8 $1.3B 20k 65792.08
Devon Energy Corporation (DVN) 0.8 $1.3B 18k 71092.90
Intel Corporation (INTC) 0.8 $1.3B 46k 28113.49
Extreme Networks (EXTR) 0.7 $1.2B 37k 34136.99
Philip Morris International (PM) 0.7 $1.2B 14k 88571.43
Yum! Brands (YUM) 0.7 $1.2B 17k 71176.47
American Express Company (AXP) 0.6 $977M 17k 57810.65
Union Pacific Corporation (UNP) 0.6 $967M 9.0k 107444.44
BP (BP) 0.6 $954M 21k 45000.00
Halliburton Company (HAL) 0.5 $902M 27k 33161.76
Baker Hughes Incorporated 0.5 $847M 20k 41930.69
Pfizer (PFE) 0.5 $801M 35k 22627.12
FedEx Corporation (FDX) 0.4 $735M 8.0k 91875.00
Fluor Corporation (FLR) 0.4 $738M 12k 60000.00
Caterpillar (CAT) 0.4 $713M 6.7k 106417.91
Thomas & Betts Corporation 0.4 $719M 10k 71900.00
Cummins (CMI) 0.4 $696M 5.8k 120000.00
Kimberly-Clark Corporation (KMB) 0.4 $701M 9.5k 73789.47
Chevron Corporation (CVX) 0.4 $680M 6.4k 107086.61
Kraft Foods 0.4 $680M 18k 37988.83
Broadcom Corporation 0.4 $683M 17k 39252.87
Goldman Sachs (GS) 0.4 $665M 5.4k 124299.07
Google 0.4 $666M 1.0k 640384.62
Eli Lilly & Co. (LLY) 0.3 $603M 15k 40200.00
ConocoPhillips (COP) 0.3 $600M 7.9k 75949.37
Deere & Co 0.3 $582M 7.2k 80833.33
L-3 Communications Holdings 0.3 $559M 7.9k 70759.49
Air Products & Chemicals (APD) 0.3 $531M 5.8k 91646.53
Bank of New York Mellon Corporation (BK) 0.3 $516M 21k 24088.51
Cytec Industries 0.3 $492M 8.1k 60740.74
Vanguard Emerging Markets ETF (VWO) 0.3 $482M 11k 43423.42
Bank of America Corporation (BAC) 0.3 $453M 47k 9551.12
Corning Incorporated (GLW) 0.2 $436M 31k 14064.52
Stryker Corporation (SYK) 0.2 $427M 7.7k 55454.55
Sara Lee 0.2 $430M 20k 21500.00
Family Dollar Stores 0.2 $417M 6.6k 63181.82
Altria (MO) 0.2 $426M 14k 30869.57
Agilent Technologies Inc C ommon (A) 0.2 $422M 9.5k 44421.05
Morgan Stanley (MS) 0.2 $406M 21k 19637.24
Anadarko Pete Corp 0.2 $399M 5.1k 78235.29
Xylem (XYL) 0.2 $399M 14k 27708.33
E M C Corp Mass 0.2 $373M 13k 29840.00
Home Depot (HD) 0.2 $352M 7.0k 50285.71
Martin Marietta Materials (MLM) 0.2 $342M 4.0k 85500.00
iShares MSCI Emerging Markets Indx (EEM) 0.2 $300M 7.0k 42857.14
BHP Billiton (BHP) 0.2 $282M 3.9k 72307.69
MS BUFFERED JUMP VALUE S&p 02/27/2015 0.2 $287M 25k 11480.00
WISDOM TREE EMERGING MARKET Equity Fund 0.2 $285M 5.0k 57575.76
Monsanto Company 0.1 $239M 3.0k 79666.67
Nestle SA Reg Shs. Ser. B Spons (NSRGY) 0.1 $245M 3.9k 62820.51
Time Warner 0.1 $220M 5.9k 37606.84
Apache Corporation 0.1 $215M 2.2k 100000.00
TJX Companies (TJX) 0.1 $206M 5.2k 39615.38
Johnson Controls 0.1 $204M 6.3k 32380.95
Exelis 0.1 $180M 14k 12500.00
Research In Motion 0.1 $164M 11k 14642.86