Waverton Investment Management 13F-HR Quarterly holdings report by institutional manager

The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE

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COLUMN 1	COLUMN 2	COLUMN 3	COLUMN 4	COLUMN 5			COLUMN 6	COLUMN 7	COLUMN 8
			VALUE	SHRS OR	SH/	PUT/	INVESTMENT	OTHER	VOTING AUTHORITY
NAME OF ISSUER	TITLE OF CLASS	CUSIP	(x$1000)	PRN AMT	PRN	CALL	DISCRETION	MANAGER	SOLE	SHARED	NONE
Agco Corporation US$0.01	COM	001084102	13,842	306,240	SH		SOLE		306,240	0	0
Alcoa Inc Com US$1.00	COM	013817101	2,406	152,352	SH		SOLE		152,352	0	0
Altria Group Inc Com US$0.3333	COM	02209S103	4,065	82,500	SH		SOLE		82,500	0	0
Amazon.com Inc Com US$0.01	COM	023135106	15,819	50,970	SH		SOLE		50,970	0	0
American Express Co Com US$0.20	COM	025816109	70,513	757,882	SH		SOLE		757,882	0	0
American Tower Corporation Com US$0.01	COM	03027X100	7,657	77,465	SH		SOLE		77,465	0	0
Amgen Inc Com US$0.0001	COM	031162100	1,768	11,100	SH		SOLE		11,100	0	0
Apache Corporation Com US$1.25	COM	037411105	7,448	118,850	SH		SOLE		118,850	0	0
Apple Inc Com	COM	037833100	55,188	499,985	SH		SOLE		499,985	0	0
Avnet Inc	COM	053807103	42,800	994,879	SH		SOLE		994,879	0	0
B/E Aerospace Inc Com US$0.01	COM	073302101	7,352	126,720	SH		SOLE		126,720	0	0
Banco Bradesco SA SPON ADR Rep 1 Pref	COM	059460303	1,608	120,243	SH		SOLE		120,243	0	0
Bank of America Com US$0.01	COM	060505104	4,460	249,314	SH		SOLE		249,314	0	0
Barclays Bank Plc Spon ADR EA Rep 1 Series 4 Pref Shs	SPON ADR EA REP	06739H511	350	13,500	SH		SOLE		13,500	0	0
Berkshire Hathaway 'B' Com US$0.1667	CL B NEW	084670702	58,268	388,067	SH		SOLE		388,067	0	0
Boeing Co Com US$5.00	COM	097023105	31,718	244,019	SH		SOLE		244,019	0	0
Brunswick Cap Ltd US$0.01	COM	117043109	580	252,343	SH		SOLE		252,343	0	0
Bunge Ltd Com US$0.01	COM	G16962105	2,298	25,273	SH		SOLE		25,273	0	0
Cadiz Inc Com US$0.01	COM NEW	127537207	3,302	294,800	SH		SOLE		294,800	0	0
Carnival Corporation Com US$0.01	PAIRED CTF	143658300	3,592	79,240	SH		SOLE		79,240	0	0
Church & Dwight Com US$1	COM	171340102	18,531	235,140	SH		SOLE		235,140	0	0
CIA Energ MG-CEMIG SPN ADR REP 1 PRF (LVL 2)	SP ADR N-V PFD	204409601	918	184,652	SH		SOLE		184,652	0	0
Cisco Systems Com US$0.001	COM	17275R102	2,478	89,090	SH		SOLE		89,090	0	0
Citigroup Inc Com US$0.01	COM NEW	172967424	646	11,938	SH		SOLE		11,938	0	0
Colgate-Palmolive Co Com US$1.00	COM	194162103	33,251	480,571	SH		SOLE		480,571	0	0
Ctrip.Com International Ltd ADS Each Rep 0.5 Ord US$0.01	AMERICAN DEP SHS	22943F100	2,744	60,300	SH		SOLE		60,300	0	0
Cummins Inc $2.50	COM	231021106	109,826	761,781	SH		SOLE		761,781	0	0
DaVita Healthcare Partners Com US$0.001	COM	23918K108	4,711	62,200	SH		SOLE		62,200	0	0
Deere & Co Com US$1	COM	244199105	15,493	175,120	SH		SOLE		175,120	0	0
Delta Air Lines Inc Com US$0.0001	COM NEW	247361702	1,905	38,727	SH		SOLE		38,727	0	0
eBay Inc Com US$0.001	COM	278642103	1,073	19,120	SH		SOLE		19,120	0	0
Emerson Electric Co Com US$0.50	COM	291011104	3,030	49,080	SH		SOLE		49,080	0	0
EOG Resources Inc	COM	26875P101	5,645	61,315	SH		SOLE		61,315	0	0
Express Scripts HL Com US$0.01	COM	30219G108	2,707	31,970	SH		SOLE		31,970	0	0
Exxon Mobil Corporation Com	COM	30231G102	7,882	85,261	SH		SOLE		85,261	0	0
Flowers Foods Inc US$0.01	COM	343498101	5,845	304,600	SH		SOLE		304,600	0	0
Garmin Ltd	SHS	H2906T109	24,980	472,843	SH		SOLE		472,843	0	0
General Electric Co of America Com US$0.06	COM	369604103	24,767	980,108	SH		SOLE		980,108	0	0
Gilead Sciences Com US$0.001	COM	375558103	60,799	645,016	SH		SOLE		645,016	0	0
Goldcorp Inc Com	COM	380956409	913	49,300	SH		SOLE		49,300	0	0
Goldman Sachs Group Com US$0.01	COM	38141G104	2,571	13,266	SH		SOLE		13,266	0	0
Google Inc Com US$0.001 'A'	CL A	38259P508	35,894	67,641	SH		SOLE		67,641	0	0
Google Inc Com US$0.001 'C'	CL C	38259P706	30,312	57,584	SH		SOLE		57,584	0	0
Halliburton Com Stock US$2.50	COM	406216101	13,771	350,145	SH		SOLE		350,145	0	0
Hanover Insurance Group Inc Com US$0.01	OCM	410867105	1,248	17,500	SH		SOLE		17,500	0	0
Helmerich & Payne Inc Com US$0.10	COM	423452101	15,152	224,740	SH		SOLE		224,740	0	0
Hershey Co (The) Com US$1.00	COM	427866108	1,144	11,010	SH		SOLE		11,010	0	0
Hess Corporation Com US$1	COM	42809H107	1,884	25,520	SH		SOLE		25,520	0	0
Home Depot Inc Com US$0.05	COM	437076102	6,235	59,397	SH		SOLE		59,397	0	0
International Paper Co Com US$1.00	COM	460146103	38,011	709,430	SH		SOLE		709,430	0	0
iShares Inc MSCI United Kingdom ETF	MSCI UK SM ETF	46429B416	209	11,600	SH		SOLE		11,600	0	0
Johnson & Johnson Com US$1.00	COM	478160104	3,317	31,721	SH		SOLE		31,721	0	0
JP Morgan Chase Com US$1 (US quote)	COM	46625H100	627	10,020	SH		SOLE		10,020	0	0
KLX Inc Com $0.01	COM	482539103	2,614	63,360	SH		SOLE		63,360	0	0
L Brands Inc US$0.50	COM	501797104	39,167	452,540	SH		SOLE		452,540	0	0
Lazard Ltd Com 'A' US$0.01	SHS A	G54050102	1,406	28,100	SH		SOLE		28,100	0	0
Marsh & McLennan Cos Inc Com US$1.00	COM	571748102	29,790	520,443	SH		SOLE		520,443	0	0
Mastercard Inc US$0.0001 Class 'A'	CL A	57636Q104	28,405	329,679	SH		SOLE		329,679	0	0
McDonald's Corporation Com US$0.01	COM	580135101	2,886	30,800	SH		SOLE		30,800	0	0
Merck & Co Inc Com US$0.50	COM	58933Y105	1,007	17,740	SH		SOLE		17,740	0	0
Metlife Inc Com US$0.01	COM	59156R108	3,309	61,170	SH		SOLE		61,170	0	0
Microsoft Corporation Com US$0.0000125	COM	594918104	92,224	1,985,437	SH		SOLE		1,985,437	0	0
Mondelez Intl Inc Com US$0.01	CL A	609207105	1,086	29,884	SH		SOLE		29,884	0	0
Monsanto Com US$0.01	COM	61166W101	2,843	23,800	SH		SOLE		23,800	0	0
MSC Industrial Direct Co	CL A	553530106	9,267	114,050	SH		SOLE		114,050	0	0
National Oilwell Varco Com US$0.01	COM	637071101	2,663	40,640	SH		SOLE		40,640	0	0
Netease Inc. ADR Rep. 24 Com	SPONSORED ADR	64110W102	19,168	193,339	SH		SOLE		193,339	0	0
Northern Trust Corporation Com US$1.666	COM	665859104	3,741	55,500	SH		SOLE		55,500	0	0
NOW Inc Com US$0.01	COM	67011P100	257	10,000	SH		SOLE		10,000	0	0
Occidental Petroleum Corp Com US$0.20 USA (Regd)	COM	674599105	4,068	50,460	SH		SOLE		50,460	0	0
Oracle Corporation Com US$0.01	COM	68389X105	12,073	268,460	SH		SOLE		268,460	0	0
Parker Hannifin Corporation Com Stk US$0.50	COM	701094104	21,271	164,955	SH		SOLE		164,955	0	0
Pfizer Inc Com US$0.05	COM	717081103	20,951	672,596	SH		SOLE		672,596	0	0
Philip Morris International Com	COM	718172109	898	11,030	SH		SOLE		11,030	0	0
Praxair Inc Com US$0.01	COM	74005P104	3,437	26,530	SH		SOLE		26,530	0	0
Procter & Gamble Co Com	COM	742718109	1,496	16,420	SH		SOLE		16,420	0	0
Qualcomm Inc Com US$0.0001	COM	747525103	14,938	200,975	SH		SOLE		200,975	0	0
Reynolds American Com US$0.0001	COM	761713106	19,094	297,085	SH		SOLE		297,085	0	0
Salesforce.com Inc Com US$0.001	COM	79466L302	26,033	438,937	SH		SOLE		438,937	0	0
Schlumberger Com US$0.01	COM	806857108	1,560	18,260	SH		SOLE		18,260	0	0
Sensata Technologies Holding NV	SHS	N7902X106	1,982	37,818	SH		SOLE		37,818	0	0
Soufun Holdings Ltd ADR Each Rep 1 'A' Ord Shares	ADR	836034108	1,679	227,145	SH		SOLE		227,145	0	0
Spectra Energy Corp Com US$0.001	COM	84756N109	1,777	48,950	SH		SOLE		48,950	0	0
Tech Data Corp $0.0015	COM	878237106	8,992	142,215	SH		SOLE		142,215	0	0
Time Warner Inc Com US$0.01	COM NEW	887317303	32,872	384,831	SH		SOLE		384,831	0	0
Union Pacific Corporation Com US$2.50	COM	907818108	82,107	689,225	SH		SOLE		689,225	0	0
United Technologies Corporation Com US$1.00	COM	913017109	43,118	374,940	SH		SOLE		374,940	0	0
Verizon Communications Com US$0.10	COM	92343V104	3,178	67,934	SH		SOLE		67,934	0	0
Verizon Communications Com US$0.10	COM	92343V104	19,467	414,016	SH		SOLE		414,016	0	0
VF Corp Com	COM	918204108	16,769	223,890	SH		SOLE		223,890	0	0
Visa Inc Com Stock US$0.0001	COM CL A	92826C839	3,317	12,650	SH		SOLE		12,650	0	0
W.W. Grainger Inc. US$0.50	COM	384802104	5,482	21,507	SH		SOLE		21,507	0	0
Walt Disney Company Disney Com US$0.01	COM DISNEY	254687106	1,356	14,400	SH		SOLE		14,400	0	0
Wells Fargo & Co Com US$1 2/3	COM	949746101	43,739	797,864	SH		SOLE		797,864	0	0
WEX Inc	COM	96208T104	1,891	19,116	SH		SOLE		19,116	0	0
Xylem Inc	COM	98419M100	385	10,100	SH		SOLE		10,100	0	0