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

OMB APPROVAL

OMB Number:		3235-0006
Expires:	Oct 31, 2018
Estimated average burden
hours per response:		23.8

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
AbbVie Inc	COM	00287Y109	663	10,169	SH		SOLE		10,169	0	0
Activision Blizzard Inc Com US$0.000001	COM	00507V109	17,952	360,044	SH		SOLE		360,044	0	0
Agco Corporation US$0.01	COM	001084102	3,530	58,663	SH		SOLE		58,663	0	0
Akamai Technologies Inc Com US$0.01	COM	00971T101	1,153	19,316	SH		SOLE		19,316	0	0
Alphabet Inc US$0.001 'A'	CAP STK CL A	02079K305	92,241	108,800	SH		SOLE		108,800	0	0
Alphabet Inc US$0.001 'C'	CAP STK CL C	02079K107	34,575	41,679	SH		SOLE		41,679	0	0
Altria Group Inc Com US$0.3333	COM	02209S103	5,535	77,500	SH		SOLE		77,500	0	0
Amazon.com Inc Com US$0.01	COM	023135106	62,716	70,743	SH		SOLE		70,743	0	0
American Express Co Com US$0.20	COM	025816109	28,174	356,140	SH		SOLE		356,140	0	0
American Tower Corporation Com US$0.01	COM	03027X100	11,822	97,265	SH		SOLE		97,265	0	0
Apache Corporation Com US$1.25	COM	037411105	987	19,200	SH		SOLE		19,200	0	0
Apple Inc Com	COM	037833100	119,696	833,189	SH		SOLE		833,189	0	0
B/E Aerospace Inc Com US$0.01	COM	073302101	5,161	80,500	SH		SOLE		80,500	0	0
Baidu Inc ADS Each Repr 0.10 Ord Class 'A' Share	SPON ADR REP A	056752108	63,527	368,227	SH		SOLE		368,227	0	0
Banco Bradesco SA SPON ADR Rep 1 Pref	SP ADR PFD NEW	059460303	1,231	120,243	SH		SOLE		120,243	0	0
Berkshire Hathaway 'B' Com US$0.1667	CL B NEW	084670702	57,955	347,703	SH		SOLE		347,703	0	0
Biogen Inc Com US$0.0005	COM	09062X103	52,534	192,135	SH		SOLE		192,135	0	0
Bunge Ltd Com US$0.01	COM	G16962105	2,003	25,273	SH		SOLE		25,273	0	0
Cadiz Inc Com US$0.01	COM NEW	127537207	2,423	161,000	SH		SOLE		161,000	0	0
CDW Corporation Com US$0.01	COM	12514G108	690	11,950	SH		SOLE		11,950	0	0
Centerpoint Energy Com	COM	15189T107	591	21,423	SH		SOLE		21,423	0	0
Church & Dwight Com US$1	COM	171340102	4,173	83,672	SH		SOLE		83,672	0	0
CIA Energ MG-CEMIG SPN ADR REP 1 PRF (LVL 2)	CL A	204409601	608	184,652	SH		SOLE		184,652	0	0
Cisco Systems Com US$0.001	COM	17275R102	3,721	110,094	SH		SOLE		110,094	0	0
Colgate-Palmolive Co Com US$1.00	COM	194162103	13,309	181,839	SH		SOLE		181,839	0	0
Comcast Corp Com Class 'A' US$1.00	CL A	20030N101	10,252	272,724	SH		SOLE		272,724	0	0
Convergys Corp Com	COM	212485106	372	17,604	SH		SOLE		17,604	0	0
Corning Inc Com US$0.50	COM	219350105	654	24,221	SH		SOLE		24,221	0	0
Ctrip.Com International Ltd ADS Each Rep 0.5 Ord US$0.01	AMERICAN DEP SHS	22943F100	5,810	118,200	SH		SOLE		118,200	0	0
CVS Health Corp Com US$0.01	COM	126650100	2,415	30,760	SH		SOLE		30,760	0	0
DaVita Inc Com US$0.001	COM	23918K108	4,228	62,200	SH		SOLE		62,200	0	0
Delta Air Lines Inc Com US$0.0001	COM NEW	247361702	1,319	28,700	SH		SOLE		28,700	0	0
eBay Inc Com US$0.001	COM	278642103	618	18,400	SH		SOLE		18,400	0	0
EOG Resources Inc	COM	26875P101	65,841	674,943	SH		SOLE		674,943	0	0
ETFS Physical Swiss Gold (NUK) Shares US$	SHS	26922Y105	4,972	41,060	SH		SOLE		41,060	0	0
Express Scripts HL Com US$0.01	COM	30219G108	2,470	37,479	SH		SOLE		37,479	0	0
Exxon Mobil Corporation Com	COM	30231G102	7,550	92,066	SH		SOLE		92,066	0	0
Facebook Inc Com	CL A	30303M102	55,015	387,295	SH		SOLE		387,295	0	0
Foot Locker Inc Com US$0.01	COM	344849104	7,867	105,155	SH		SOLE		105,155	0	0
General Electric Co of America Com US$0.06	COM	369604103	32,685	1,096,803	SH		SOLE		1,096,803	0	0
Gilead Sciences Com US$0.001	COM	375558103	794	11,686	SH		SOLE		11,686	0	0
Goldcorp Inc Com	COM	380956409	719	49,300	SH		SOLE		49,300	0	0
Goldman Sachs Group Com US$0.01	COM	38141G104	3,696	16,090	SH		SOLE		16,090	0	0
Goodyear Tire & Rubber Co Com	COM	382550101	580	16,122	SH		SOLE		16,122	0	0
Hess Corporation Com US$1	COM	42809H107	1,230	25,520	SH		SOLE		25,520	0	0
Home Depot Inc Com US$0.05	COM	437076102	9,751	66,410	SH		SOLE		66,410	0	0
Honeywell International Inc Com US$1.00	COM	438516106	32,255	258,312	SH		SOLE		258,312	0	0
Hutchison China MediTech Ltd ADR	SPONSORED ADR	44842L103	2,813	140,988	SH		SOLE		140,988	0	0
International Paper Co Com US$1.00	COM	460146103	740	14,572	SH		SOLE		14,572	0	0
J.P. Morgan FRN 28/01/2019 US$2,000	*W EXP 10/28/201	46634E114	599	600,000	SH		SOLE		600,000	0	0
Johnson & Johnson Com US$1.00	COM	478160104	5,065	40,665	SH		SOLE		40,665	0	0
JP Morgan Chase Com US$1 (US quote)	COM	46625H100	3,154	35,908	SH		SOLE		35,908	0	0
Kinder Morgan Inc	COM	49456B101	473	21,743	SH		SOLE		21,743	0	0
KLX Inc Com $0.01	COM	482539103	1,750	39,150	SH		SOLE		39,150	0	0
Korea Electric Power Corporation ADR SPON Each Rep 0.5 Com	COM	50063B104	8,942	431,346	SH		SOLE		431,346	0	0
Lazard Ltd Com 'A' US$0.01	SHS A	G54050102	1,150	25,000	SH		SOLE		25,000	0	0
Lear Corp Com US$0.01	COM NEW	521865204	3,803	26,861	SH		SOLE		26,861	0	0
LivaNova plc	SHS	G5509L101	564	11,510	SH		SOLE		11,510	0	0
Lockheed Martin Corp Com US$1.00	COM	539830109	85,054	317,839	SH		SOLE		317,839	0	0
Marsh & McLennan Cos Inc Com US$1.00	COM	571748102	33,984	459,928	SH		SOLE		459,928	0	0
Mastercard Inc US$0.0001 Class 'A'	CL A	57636Q104	1,288	11,455	SH		SOLE		11,455	0	0
McDonald's Corporation Com US$0.01	COM	580135101	3,992	30,800	SH		SOLE		30,800	0	0
Merck & Co Inc Com US$0.50	COM	58933Y105	1,032	16,240	SH		SOLE		16,240	0	0
Metlife Inc Com US$0.01	COM	59156R108	3,190	60,400	SH		SOLE		60,400	0	0
Microsoft Corporation Com US$0.0000125	COM	594918104	97,880	1,486,180	SH		SOLE		1,486,180	0	0
Mondelez Intl Inc Com US$0.01	CL A	609207105	1,133	26,306	SH		SOLE		26,306	0	0
Monsanto Com US$0.01	COM	61166W101	2,694	23,800	SH		SOLE		23,800	0	0
National Oilwell Varco Com US$0.01	COM	637071101	1,604	40,000	SH		SOLE		40,000	0	0
Netease Inc. ADR Rep. 24 Com	SPONSORED ADR	64110W102	21,107	74,320	SH		SOLE		74,320	0	0
Northern Trust Corporation Com US$1.666	COM	665859104	4,805	55,500	SH		SOLE		55,500	0	0
Occidental Petroleum Corp Com US$0.20 USA (Regd)	COM	674599105	5,639	89,000	SH		SOLE		89,000	0	0
Old Dominion Freight Line, Inc Com US$0.10	COM	679580100	3,921	45,818	SH		SOLE		45,818	0	0
Omnicom Group Com US$0.15	COM	681919106	1,961	22,750	SH		SOLE		22,750	0	0
ON Semiconductor US$0.01	COM	682189105	510	32,934	SH		SOLE		32,934	0	0
Oracle Corporation Com US$0.01	COM	68389X105	3,894	87,283	SH		SOLE		87,283	0	0
Pfizer Inc Com US$0.05	COM	717081103	16,554	483,906	SH		SOLE		483,906	0	0
Powershares Variable Rate Preferred Portfolio Fund (ETF)	VAR RATE PFD POR	73937B597	753	29,600	SH		SOLE		29,600	0	0
Procter & Gamble Co Com	COM	742718109	1,394	15,520	SH		SOLE		15,520	0	0
Progressive Corp Com US$1	COM	743315103	533	13,595	SH		SOLE		13,595	0	0
Public Service Enterprise Group	COM	744573106	607	13,697	SH		SOLE		13,697	0	0
Reynolds American Com US$0.0001	COM	761713106	64,996	1,031,354	SH		SOLE		1,031,354	0	0
S&P Global Inc	COM	78409V104	83,113	635,714	SH		SOLE		635,714	0	0
Salesforce.com Inc Com US$0.001	COM	79466L302	28,044	339,969	SH		SOLE		339,969	0	0
Schlumberger Com US$0.01	COM	806857108	1,339	17,150	SH		SOLE		17,150	0	0
Southern Copper Corporation Com US$0.01	COM	84265V105	500	13,918	SH		SOLE		13,918	0	0
Steel Dynamics Inc Com US$0.01	COM	858119100	699	20,111	SH		SOLE		20,111	0	0
Sysco Corp Com US$1.00	COM	871829107	645	12,414	SH		SOLE		12,414	0	0
Taiwan Semiconductor Manufacturing ADS Rep 5 Ord TW$10	SPONSORED ADR	874039100	5,442	165,710	SH		SOLE		165,710	0	0
Time Warner Inc Com US$0.01	COM NEW	887317303	1,167	11,942	SH		SOLE		11,942	0	0
TJX Cos Inc Com US$1	COM	872540109	1,269	16,043	SH		SOLE		16,043	0	0
Union Pacific Corporation Com US$2.50	COM	907818108	37,023	349,540	SH		SOLE		349,540	0	0
US Bancorp US$0.01	COM NEW	902973304	51,499	999,977	SH		SOLE		999,977	0	0
Verizon Communications Com US$0.10	COM	92343V104	17,597	360,973	SH		SOLE		360,973	0	0
Visa Inc Com Stock US$0.0001	COM CL A	92826C839	33,531	377,299	SH		SOLE		377,299	0	0
W R Berkley Corp Com US$0.20	COM	084423102	1,011	14,317	SH		SOLE		14,317	0	0
Walt Disney Company Disney Com US$0.01	COM DISNEY	254687106	1,686	14,870	SH		SOLE		14,870	0	0
Wells Fargo & Co Com US$1 2/3	COM	949746101	92,112	1,654,899	SH		SOLE		1,654,899	0	0
WEX Inc	COM	96208T104	1,730	16,711	SH		SOLE		16,711	0	0