NS Partners 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

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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
Apple Inc.	COM	037833100	28,291	250,249	SH		SOLE		250,249	0	0
Ambev SA - ADR	ADRSPONSORED ADR	02319V103	1,719	282,222	SH		SOLE		282,222	0	0
Accenture PLC	SHS CLASS A	G1151C101	2,415	19,769	SH		SOLE		19,769	0	0
Allergan PLC	SHS	G0177J108	9,808	42,585	SH		SOLE		42,585	0	0
American International Group	NEW	026874784	7,106	119,746	SH		SOLE		119,746	0	0
Allegion Plc	SHS	G0176J109	4,933	71,589	SH		SOLE		71,589	0	0
Amgen Inc.	COM	031162100	4,727	28,340	SH		SOLE		28,340	0	0
Amazon.Com Inc	COM	023135106	9,196	10,983	SH		SOLE		10,983	0	0
Apache Corp.	COM	037411105	3,144	49,220	SH		SOLE		49,220	0	0
Activision Blizzard Inc	COM	00507V109	2,539	57,308	SH		SOLE		57,308	0	0
Broadcom Limited	SHS	Y09827109	10,335	59,904	SH		SOLE		59,904	0	0
Boeing Company	COM	097023105	326	2,474	SH		SOLE		2,474	0	0
Alibaba Group Holding - Sp Adr	SPONSORED ADS	01609W102	3,839	36,287	SH		SOLE		36,287	0	0
Bank of America Corp.	COM	060505104	8,854	565,761	SH		SOLE		565,761	0	0
Banco Bradesco-ADR	NEW	059460303	1,434	158,069	SH		SOLE		158,069	0	0
Biogen Inc	COM	09062X103	5,042	16,106	SH		SOLE		16,106	0	0
Blackrock Inc	COM	09247X101	7,904	21,807	SH		SOLE		21,807	0	0
Biomarin Pharmaceutical Inc	COM	09061G101	2,930	31,666	SH		SOLE		31,666	0	0
Bristol-Myers Squibb	COM	110122108	5,729	106,256	SH		SOLE		106,256	0	0
Banco Santander Chile ADR	COM	05965X109	881	42,602	SH		SOLE		42,602	0	0
Blackstone Group LP	COM UNIT LTD	09253U108	3,426	134,202	SH		SOLE		134,202	0	0
Citigroup Inc.	NEW	172967424	8,887	188,157	SH		SOLE		188,157	0	0
Crown Castle Intl Corp	COM	22822V101	7,548	80,119	SH		SOLE		80,119	0	0
Celgene Corp	COM	151020104	4,121	39,423	SH		SOLE		39,423	0	0
CNOOC Ltd. ADR	ADRSPONSORED ADR	126132109	1,327	10,493	SH		SOLE		10,493	0	0
Cerner Corp	COM	156782104	506	8,200	SH		SOLE		8,200	0	0
Cabot Oil & Gas Corp	COM	127097103	5,307	205,682	SH		SOLE		205,682	0	0
Calpine Corp	NEW	131347304	4,600	363,909	SH		SOLE		363,909	0	0
Cisco Systems	COM	17275R102	13,411	422,803	SH		SOLE		422,803	0	0
Ctrip.Com International-Adr	SHS	22943F100	919	19,742	SH		SOLE		19,742	0	0
Cognizant Tech Solutions	CL A	192446102	3,348	70,173	SH		SOLE		70,173	0	0
CVS Health Corp	COM	126650100	8,826	99,179	SH		SOLE		99,179	0	0
Delta Airlines Inc.	NEW	247361702	4,465	113,435	SH		SOLE		113,435	0	0
Walt Disney Co.	COM DISNEY	254687106	2,463	26,521	SH		SOLE		26,521	0	0
Delphi Automotive Plc	SHS	G27823106	3,536	49,579	SH		SOLE		49,579	0	0
Brinker Intl Inc	COM	109641100	1,086	21,535	SH		SOLE		21,535	0	0
Edison International	COM	281020107	3,654	50,575	SH		SOLE		50,575	0	0
Estee Lauder Companies Class A	CL A	518439104	8,593	97,030	SH		SOLE		97,030	0	0
Eog Resources	COM	26875P101	7,600	78,588	SH		SOLE		78,588	0	0
Diamondback Energy Inc.	COM	25278X109	5,727	59,322	SH		SOLE		59,322	0	0
Facebook Inc.	CL A	30303M102	8,050	62,757	SH		SOLE		62,757	0	0
Fomento Economico Mex-Sp ADR	SPON ADR UNITS	344419106	913	9,925	SH		SOLE		9,925	0	0
General Dynamics	COM	369550108	217	1,400	SH		SOLE		1,400	0	0
General Electric	COM	369604103	6,528	220,391	SH		SOLE		220,391	0	0
Gilead Sciences Inc.	COM	375558103	4,029	50,918	SH		SOLE		50,918	0	0
Alphabet Inc - Cl C	CAP STK CL C	02079K107	13,092	16,843	SH		SOLE		16,843	0	0
Home Depot	COM	437076102	2,141	16,636	SH		SOLE		16,636	0	0
Hdfc Bank Ltd Adr	SHS	40415F101	476	6,621	SH		SOLE		6,621	0	0
Honeywell International	COM	438516106	10,618	91,074	SH		SOLE		91,074	0	0
International Business Machines	COM	459200101	210	1,325	SH		SOLE		1,325	0	0
ICICI Bank Ltd-Spon ADR	ADR	45104G104	786	105,219	SH		SOLE		105,219	0	0
Ingersoll Rand Co.	SHS	G47791101	6,550	96,409	SH		SOLE		96,409	0	0
Itau Unibanco Hldng-Pref ADR	SPON ADR REP PFD	465562106	1,054	96,378	SH		SOLE		96,378	0	0
JD.com Inc-Adr	CL A	47215P106	1,398	53,578	SH		SOLE		53,578	0	0
Johnson & Johnson	COM	478160104	6,352	53,772	SH		SOLE		53,772	0	0
JP Morgan Chase & Company	COM	46625H100	17,678	265,468	SH		SOLE		265,468	0	0
Coca Cola Co.	COM	191216100	4,303	101,670	SH		SOLE		101,670	0	0
KT Corp. SP ADR	ADRSPONSORED ADR	48268K101	804	50,080	SH		SOLE		50,080	0	0
L Brands Inc	COM	501797104	3,473	49,080	SH		SOLE		49,080	0	0
Lennar Corp.	CL A	526057104	3,823	90,304	SH		SOLE		90,304	0	0
Lockheed Martin Inc.	COM	539830109	6,032	25,161	SH		SOLE		25,161	0	0
Louisiana-Pacific Corp.	COM	546347105	3,960	210,325	SH		SOLE		210,325	0	0
Lyondellbasell Indu-CL A	SHS A	N53745100	4,320	53,557	SH		SOLE		53,557	0	0
Mastercard Inc	CL A	57636Q104	5,467	53,723	SH		SOLE		53,723	0	0
McDonald's Corp.	COM	580135101	216	1,875	SH		SOLE		1,875	0	0
McKesson HBOC Inc.	COM	58155Q103	3,448	20,677	SH		SOLE		20,677	0	0
Medtronic Plc	SHS	G5960L103	10,819	125,222	SH		SOLE		125,222	0	0
Altria Group Inc.	COM	02209S103	5,003	79,129	SH		SOLE		79,129	0	0
Merck & Co. Inc.	COM	58933Y105	557	8,925	SH		SOLE		8,925	0	0
Morgan Stanley	NEW	617446448	8,298	258,826	SH		SOLE		258,826	0	0
Microsoft Corp.	COM	594918104	16,198	281,214	SH		SOLE		281,214	0	0
NextEra Energy Inc.	COM	65339F101	5,622	45,963	SH		SOLE		45,963	0	0
Nike Inc.	CL B	654106103	3,974	75,481	SH		SOLE		75,481	0	0
Northrop Grumman Corp.	COM	666807102	8,022	37,495	SH		SOLE		37,495	0	0
Oracle Corp.	COM	68389X105	9,201	234,240	SH		SOLE		234,240	0	0
Palo Alto Holdings Inc.	COM	697435105	2,911	18,271	SH		SOLE		18,271	0	0
Priceline Group Inc	NEW	741503403	4,403	2,992	SH		SOLE		2,992	0	0
PepsiCo Inc.	COM	713448108	12,884	118,453	SH		SOLE		118,453	0	0
Pfizer Inc.	COM	717081103	12,471	368,200	SH		SOLE		368,200	0	0
Procter & Gamble	COM	742718109	9,348	104,151	SH		SOLE		104,151	0	0
Posco Spons ADR	ADRSPONSORED ADR	693483109	1,041	20,371	SH		SOLE		20,371	0	0
Philip Morris International Inc	COM	718172109	5,625	57,856	SH		SOLE		57,856	0	0
Prudential Financial Inc.	COM	744320102	2,289	28,037	SH		SOLE		28,037	0	0
Robert Half	COM	770323103	2,397	63,307	SH		SOLE		63,307	0	0
Raytheon Company	NEW	755111507	4,658	34,220	SH		SOLE		34,220	0	0
Ryanair Hldgs ADR	SPONSORED ADR NE	783513203	10,186	135,763	SH		SOLE		135,763	0	0
Sabre Corp	COM	78573M104	4,383	155,519	SH		SOLE		155,519	0	0
Starbucks Corp.	COM	855244109	5,908	109,123	SH		SOLE		109,123	0	0
Schlumberger Ltd.	COM	806857108	8,691	110,522	SH		SOLE		110,522	0	0
Simon Property Group	COM	828806109	6,904	33,349	SH		SOLE		33,349	0	0
Suntrust Banks Inc.	COM	867914103	5,589	127,606	SH		SOLE		127,606	0	0
Steel Dynamics Inc	COM	858119100	5,519	220,841	SH		SOLE		220,841	0	0
Synchrony Financial	COM	87165B103	5,198	185,625	SH		SOLE		185,625	0	0
Stryker Corp.	COM	863667101	8,367	71,876	SH		SOLE		71,876	0	0
AT&T Inc.	COM	00206R102	1,954	48,111	SH		SOLE		48,111	0	0
Tiffany & Co.	COM	886547108	4,038	55,600	SH		SOLE		55,600	0	0
TJX Companies Inc.	COM	872540109	9,738	130,222	SH		SOLE		130,222	0	0
T-Mobile US Inc.	COM	872590104	7,019	150,235	SH		SOLE		150,235	0	0
Taiwan Semiconductor-ADR	ADRSPONSORED ADR	874039100	5,358	175,164	SH		SOLE		175,164	0	0
Tata Motors Ltd-Spon ADR	ADRSPONSORED ADR	876568502	993	24,844	SH		SOLE		24,844	0	0
Grupo Televisa Sa-Spon ADR	ORD	40049J206	713	27,770	SH		SOLE		27,770	0	0
Time Warner Inc.	NEW	887317303	7,455	93,646	SH		SOLE		93,646	0	0
United Health Group Inc.	COM	91324P102	8,351	59,649	SH		SOLE		59,649	0	0
United Parcel Service Class B	CL B	911312106	236	2,159	SH		SOLE		2,159	0	0
US Bancorp Inc.	NEW	902973304	370	8,624	SH		SOLE		8,624	0	0
Visa Inc-Class A	CL A	92826C839	8,045	97,277	SH		SOLE		97,277	0	0
Verizon Communications	COM	92343V104	2,160	41,547	SH		SOLE		41,547	0	0
Walgreens Boots Alliance Inc	COM	931427108	230	2,850	SH		SOLE		2,850	0	0
Wells Fargo & Company	COM	949746101	6,597	148,981	SH		SOLE		148,981	0	0
Wynn Resorts Ltd	COM	983134107	4,496	46,152	SH		SOLE		46,152	0	0
Exxon Mobil Corp.	COM	30231G102	10,523	120,569	SH		SOLE		120,569	0	0
Yum! Brands Inc.	COM	988498101	6,614	72,837	SH		SOLE		72,837	0	0
Zayo Group Holdings Inc.	COM	98919V105	4,571	153,864	SH		SOLE		153,864	0	0
iShares MSCI Emerging Markets Indx (ETF)	MSCI EMG MKT ETF	464287234	979	26,153	SH		SOLE		26,153	0	0