Independent Investors

Independent Investors as of Dec. 31, 2010

Portfolio Holdings for Independent Investors

Independent Investors holds 94 positions in its portfolio as reported in the December 2010 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
Apple (AAPL) 11.9 $19M 60k 322.56
Procter & Gamble Company (PG) 4.4 $7.2M 111k 64.32
Johnson & Johnson (JNJ) 4.3 $7.1M 114k 61.85
Exxon Mobil Corporation (XOM) 4.3 $7.0M 96k 73.12
Waters Corporation (WAT) 3.4 $5.5M 71k 77.70
Schlumberger (SLB) 2.6 $4.3M 52k 83.50
United Parcel Service (UPS) 2.6 $4.2M 58k 72.57
Emerson Electric (EMR) 2.5 $4.0M 70k 57.16
International Business Machines (IBM) 2.4 $3.9M 26k 146.73
JPMorgan Chase & Co. (JPM) 2.3 $3.7M 88k 42.42
Coca-Cola Company (KO) 2.1 $3.3M 51k 65.77
Abbott Laboratories (ABT) 1.9 $3.1M 65k 47.90
General Electric Company 1.8 $2.9M 159k 18.28
Honeywell International (HON) 1.7 $2.8M 53k 53.14
3M Company (MMM) 1.7 $2.8M 32k 86.28
Qualcomm (QCOM) 1.6 $2.7M 54k 49.48
Baxter International (BAX) 1.6 $2.6M 50k 50.62
Oracle Corporation (ORCL) 1.6 $2.6M 82k 31.29
McDonald's Corporation (MCD) 1.5 $2.4M 32k 76.76
Boeing Company (BA) 1.4 $2.2M 34k 65.25
Microsoft Corporation (MSFT) 1.3 $2.2M 78k 27.91
Pepsi (PEP) 1.3 $2.1M 32k 65.31
Jacobs Engineering 1.2 $1.9M 42k 45.83
Colgate-Palmolive Company (CL) 1.2 $1.9M 24k 80.34
Cisco Systems (CSCO) 1.2 $1.9M 94k 20.22
Watts Water Technologies (WTS) 1.1 $1.9M 51k 36.59
Walt Disney Company (DIS) 1.1 $1.8M 49k 37.50
Goldman Sachs (GS) 1.1 $1.8M 11k 168.11
Precision Castparts 1.1 $1.7M 13k 139.20
Stryker Corporation (SYK) 1.1 $1.7M 32k 53.68
Dover Corporation (DOV) 1.0 $1.7M 29k 58.45
Novartis (NVS) 1.0 $1.7M 28k 58.93
Berkshire Hathaway Inc. Class B 1.0 $1.6M 21k 80.11
Pall Corporation 1.0 $1.6M 33k 49.58
Devon Energy Corporation (DVN) 1.0 $1.6M 21k 78.51
Amgen (AMGN) 1.0 $1.6M 29k 54.90
Nike (NKE) 1.0 $1.6M 19k 85.41
Lockheed Martin Corporation (LMT) 0.9 $1.5M 22k 69.91
Home Depot (HD) 0.9 $1.5M 42k 35.05
Norfolk Southern (NSC) 0.9 $1.5M 23k 62.80
Halliburton Company (HAL) 0.8 $1.3M 32k 40.81
E.I. du Pont de Nemours & Company 0.8 $1.2M 25k 49.84
Extreme Networks (EXTR) 0.7 $1.2M 37k 30.97
Baker Hughes Incorporated 0.7 $1.1M 20k 57.15
Intel Corporation (INTC) 0.7 $1.1M 54k 21.03
BP (BP) 0.6 $1.0M 24k 44.14
Peabody Energy Corporation 0.6 $959k 15k 63.93
Fluor Corporation (FLR) 0.6 $960k 15k 66.21
Martin Marietta Materials (MLM) 0.6 $940k 10k 92.16
ITT Corporation 0.6 $927k 18k 52.08
Fidelity National Information Services (FIS) 0.6 $903k 33k 27.36
Tetra Tech (TTEK) 0.6 $902k 36k 25.06
Yum! Brands (YUM) 0.5 $882k 18k 49.00
Broadcom Corporation 0.5 $866k 20k 43.52
Philip Morris International (PM) 0.5 $825k 14k 58.51
Kimberly-Clark Corporation (KMB) 0.5 $819k 13k 63.00
Research In Motion 0.5 $773k 13k 58.12
Aqua America 0.5 $785k 35k 22.47
Google 0.5 $757k 1.3k 593.73
American Express Company (AXP) 0.5 $746k 17k 42.87
Corning Incorporated (GLW) 0.5 $730k 38k 19.31
Bristol Myers Squibb (BMY) 0.4 $699k 26k 26.48
Bank of New York Mellon Corporation (BK) 0.4 $686k 23k 30.19
Ingersoll-rand Co Ltd-cl A cl a 0.4 $682k 15k 47.03
Pfizer (PFE) 0.4 $667k 38k 17.51
Air Products & Chemicals (APD) 0.4 $632k 7.0k 90.94
L-3 Communications Holdings 0.4 $634k 9.0k 70.44
Chevron Corporation (CVX) 0.4 $606k 6.7k 91.13
Kraft Foods 0.4 $604k 19k 31.46
Thomas & Betts Corporation 0.4 $579k 12k 48.25
FedEx Corporation (FDX) 0.3 $558k 6.0k 93.00
Royal Dutch Shell 0.3 $554k 4.0k 138.50
Vanguard Emerging Markets ETF (VWO) 0.3 $548k 11k 48.07
Eli Lilly & Co. (LLY) 0.3 $525k 15k 35.00
Morgan Stanley (MS) 0.3 $527k 19k 27.20
Bank of America Corporation (BAC) 0.3 $498k 37k 13.33
ConocoPhillips (COP) 0.3 $486k 7.2k 67.97
Cytec Industries 0.3 $451k 8.5k 53.06
Agilent Technologies Inc C ommon (A) 0.2 $393k 9.5k 41.37
Anadarko Pete Corp 0.2 $388k 5.1k 76.08
Sara Lee 0.2 $350k 20k 17.50
Altria (MO) 0.2 $339k 14k 24.57
iShares MSCI Emerging Markets Indx (EEM) 0.2 $333k 7.0k 47.57
Monsanto Company 0.2 $313k 4.5k 69.56
Avon Products 0.2 $296k 10k 29.02
BHP Billiton (BHP) 0.2 $269k 2.9k 92.76
Tenaris (TS) 0.1 $244k 5.0k 48.80
Freeport-McMoRan Copper & Gold (FCX) 0.1 $240k 2.0k 120.00
Caterpillar (CAT) 0.1 $224k 2.4k 93.33
Union Pacific Corporation (UNP) 0.1 $222k 2.4k 92.50
Nestle SA Reg Shs. Ser. B Spons (NSRGY) 0.1 $229k 3.9k 58.72
Zimmer Holdings (ZBH) 0.1 $225k 4.2k 53.57
Medtronic 0.1 $203k 5.5k 36.91
Citi 0.1 $199k 42k 4.73