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
AbbVie Inc	COM	00287Y109	758	10,455	SH		SOLE		10,455	0	0
Activision Blizzard Inc Com US$0.000001	COM	00507V109	21,030	365,299	SH		SOLE		365,299	0	0
Akamai Technologies Inc Com US$0.01	COM	00971T101	934	18,757	SH		SOLE		18,757	0	0
Alphabet Inc US$0.001 'A'	CAP STK CL A	02079K305	93,056	100,095	SH		SOLE		100,095	0	0
Alphabet Inc US$0.001 'C'	CAP STK CL C	02079K107	32,350	35,599	SH		SOLE		35,599	0	0
Amazon.com Inc Com US$0.01	COM	023135106	79,935	82,577	SH		SOLE		82,577	0	0
American Express Co Com US$0.20	COM	025816109	17,570	208,573	SH		SOLE		208,573	0	0
American Tower Corporation Com US$0.01	COM	03027X100	6,586	49,773	SH		SOLE		49,773	0	0
Apple Inc Com	COM	037833100	109,806	762,438	SH		SOLE		762,438	0	0
Baidu Inc ADS Each Repr 0.10 Ord Class 'A' Share	SPON ADR REP A	056752108	64,962	363,198	SH		SOLE		363,198	0	0
Becton Dickinson Com US$1	COM	075887109	68,448	350,815	SH		SOLE		350,815	0	0
Berkshire Hathaway 'B' Com US$0.1667	CL B NEW	084670702	58,831	347,349	SH		SOLE		347,349	0	0
Biogen Inc Com US$0.0005	COM	09062X103	56,146	206,905	SH		SOLE		206,905	0	0
Blueprint Medicines Corp	COM	09627Y109	633	12,500	SH		SOLE		12,500	0	0
Cadiz Inc Com US$0.01	COM NEW	127537207	2,192	162,404	SH		SOLE		162,404	0	0
CDW Corporation Com US$0.01	COM	12514G108	776	12,404	SH		SOLE		12,404	0	0
Centerpoint Energy Com	COM	15189T107	609	22,237	SH		SOLE		22,237	0	0
Church & Dwight Com US$1	COM	171340102	3,949	76,115	SH		SOLE		76,115	0	0
Cisco Systems Com US$0.001	COM	17275R102	864	27,604	SH		SOLE		27,604	0	0
Colgate-Palmolive Co Com US$1.00	COM	194162103	13,261	178,895	SH		SOLE		178,895	0	0
Comcast Corp Com Class 'A' US$1.00	CL A	20030N101	10,555	271,194	SH		SOLE		271,194	0	0
Convergys Corp Com	COM	212485106	435	18,273	SH		SOLE		18,273	0	0
Corning Inc Com US$0.50	COM	219350105	756	25,142	SH		SOLE		25,142	0	0
Delta Air Lines Inc Com US$0.0001	COM NEW	247361702	1,542	28,700	SH		SOLE		28,700	0	0
eBay Inc Com US$0.001	COM	278642103	731	20,929	SH		SOLE		20,929	0	0
EOG Resources Inc	COM	26875P101	62,325	688,517	SH		SOLE		688,517	0	0
ETFS Physical Swiss Gold (NUK) Shares US$	SHS	26922Y105	5,165	42,890	SH		SOLE		42,890	0	0
Exxon Mobil Corporation Com	COM	30231G102	7,639	94,618	SH		SOLE		94,618	0	0
Facebook Inc Com	CL A	30303M102	10,498	69,533	SH		SOLE		69,533	0	0
General Electric Co of America Com US$0.06	COM	369604103	9,884	365,926	SH		SOLE		365,926	0	0
Gilead Sciences Com US$0.001	COM	375558103	738	10,424	SH		SOLE		10,424	0	0
Goodyear Tire & Rubber Co Com	COM	382550101	585	16,736	SH		SOLE		16,736	0	0
Honeywell International Inc Com US$1.00	COM	438516106	58,269	437,156	SH		SOLE		437,156	0	0
International Paper Co Com US$1.00	COM	460146103	836	14,770	SH		SOLE		14,770	0	0
J.P. Morgan FRN 28/01/2019 US$2,000	*W EXP 10/28/201	46634E114	501	500,000	SH		SOLE		500,000	0	0
Johnson & Johnson Com US$1.00	COM	478160104	2,040	15,421	SH		SOLE		15,421	0	0
JP Morgan Chase Com US$1 (US quote)	COM	46625H100	3,374	36,919	SH		SOLE		36,919	0	0
Kinder Morgan Inc	COM	49456B101	432	22,570	SH		SOLE		22,570	0	0
Korea Electric Power Corporation ADR SPON Each Rep 0.5 Com	COM	50063B104	10,006	556,827	SH		SOLE		556,827	0	0
Lazard Ltd Com 'A' US$0.01	SHS A	G54050102	1,158	25,000	SH		SOLE		25,000	0	0
LivaNova plc Ord 1 GBP	SHS	G5509L101	6,808	111,220	SH		SOLE		111,220	0	0
Lockheed Martin Corp Com US$1.00	COM	539830109	87,730	316,019	SH		SOLE		316,019	0	0
Marsh & McLennan Cos Inc Com US$1.00	COM	571748102	34,093	437,318	SH		SOLE		437,318	0	0
Mastercard Inc US$0.0001 Class 'A'	CL A	57636Q104	1,391	11,455	SH		SOLE		11,455	0	0
Merck & Co Inc Com US$0.50	COM	58933Y105	1,041	16,240	SH		SOLE		16,240	0	0
Microsoft Corporation Com US$0.0000125	COM	594918104	96,829	1,404,742	SH		SOLE		1,404,742	0	0
Mondelez Intl Inc Com US$0.01	CL A	609207105	1,033	23,906	SH		SOLE		23,906	0	0
Mylan NV 0.01 EUR	SHS EURO	N59465109	396	10,197	SH		SOLE		10,197	0	0
Netease Inc. ADR Rep. 24 Com	SPONSORED ADR	64110W102	18,380	61,138	SH		SOLE		61,138	0	0
Northern Trust Corporation Com US$1.666	COM	665859104	5,395	55,500	SH		SOLE		55,500	0	0
Occidental Petroleum Corp Com US$0.20 USA (Regd)	COM	674599105	5,186	86,622	SH		SOLE		86,622	0	0
OGE Energy Corporation Com US$0.01	COM	670837103	435	12,499	SH		SOLE		12,499	0	0
Old Dominion Freight Line, Inc Com US$0.10	COM	679580100	4,389	46,086	SH		SOLE		46,086	0	0
Omnicom Group Com US$0.15	COM	681919106	916	11,044	SH		SOLE		11,044	0	0
ON Semiconductor US$0.01	COM	682189105	480	34,187	SH		SOLE		34,187	0	0
Oracle Corporation Com US$0.01	COM	68389X105	1,162	23,171	SH		SOLE		23,171	0	0
Pfizer Inc Com US$0.05	COM	717081103	14,804	440,731	SH		SOLE		440,731	0	0
Powershares Variable Rate Preferred Portfolio Fund (ETF)	VAR RATE PFD POR	73937B597	774	29,600	SH		SOLE		29,600	0	0
Procter & Gamble Co Com	COM	742718109	1,353	15,520	SH		SOLE		15,520	0	0
Progressive Corp Com US$1	COM	761713106	622	14,111	SH		SOLE		14,111	0	0
Reynolds American Com US$0.0001	COM	761713106	62,461	960,345	SH		SOLE		960,345	0	0
S&P Global Inc	COM	78409V104	94,198	645,234	SH		SOLE		645,234	0	0
Salesforce.com Inc Com US$0.001	COM	79466L302	27,444	316,907	SH		SOLE		316,907	0	0
Schlumberger Com US$0.01	COM	806857108	1,120	17,013	SH		SOLE		17,013	0	0
Southern Copper Corporation Com US$0.01	COM	84265V105	500	14,446	SH		SOLE		14,446	0	0
SPDR Gold Trust Shares	GOLD SHS	78463V107	2,821	23,906	SH		SOLE		23,906	0	0
Steel Dynamics Inc Com US$0.01	COM	858119100	747	20,874	SH		SOLE		20,874	0	0
Sysco Corp Com US$1.00	COM	871829107	646	12,842	SH		SOLE		12,842	0	0
Taiwan Semiconductor Manufacturing ADS Rep 5 Ord TW$10	SPONSORED ADR	874039100	3,075	87,946	SH		SOLE		87,946	0	0
Time Warner Inc Com US$0.01	COM NEW	887317303	1,236	12,307	SH		SOLE		12,307	0	0
TJX Cos Inc Com US$1	COM	872540109	1,124	15,577	SH		SOLE		15,577	0	0
Union Pacific Corporation Com US$2.50	COM	907818108	32,388	297,386	SH		SOLE		297,386	0	0
US Bancorp US$0.01	COM NEW	902973304	54,642	1,052,420	SH		SOLE		1,052,420	0	0
Verizon Communications Com US$0.10	COM	92343V104	13,493	302,123	SH		SOLE		302,123	0	0
Visa Inc Com Stock US$0.0001	COM CL A	92826C839	45,718	487,506	SH		SOLE		487,506	0	0
W R Berkley Corp Com US$0.20	COM	084423102	990	14,317	SH		SOLE		14,317	0	0
Walt Disney Company Disney Com US$0.01	COM DISNEY	254687106	1,580	14,870	SH		SOLE		14,870	0	0
Wells Fargo & Co Com US$1 2/3	COM	949746101	88,282	1,593,256	SH		SOLE		1,593,256	0	0