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

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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
Agrium Inc.	COM	008916108	2,652	29,468	SH		SOLE		29,468	0	0
Toronto-Dominion Bank	NEW	891160509	234	5,469	SH		SOLE		5,469	0	0
Apple Inc.	COM	037833100	24,147	252,586	SH		SOLE		252,586	0	0
Ambev SA - ADR	ADRSPONSORED ADR	02319V103	1,097	185,614	SH		SOLE		185,614	0	0
Accenture PLC	SHS CLASS A	G1151C101	2,669	23,557	SH		SOLE		23,557	0	0
Allergan PLC	SHS	G0177J108	9,847	42,611	SH		SOLE		42,611	0	0
Allegion Plc	ORD SHS	G0176J109	6,780	97,652	SH		SOLE		97,652	0	0
Amgen Inc.	COM	031162100	4,318	28,381	SH		SOLE		28,381	0	0
Amazon.Com Inc	COM	023135106	7,374	10,304	SH		SOLE		10,304	0	0
Apache Corp.	COM	037411105	2,743	49,275	SH		SOLE		49,275	0	0
Advanced Semiconductor E-Adr	ADRSPONSORED ADR	00756M404	67	12,000	SH		SOLE		12,000	0	0
Activision Blizzard Inc	COM	00507V109	2,274	57,380	SH		SOLE		57,380	0	0
Broadcom Limited	SHS	Y09827109	7,757	49,918	SH		SOLE		49,918	0	0
American Express Co.	COM	025816109	3,601	59,266	SH		SOLE		59,266	0	0
Boeing Company	COM	097023105	321	2,474	SH		SOLE		2,474	0	0
Alibaba Group Holding - Sp Adr	SPONSORED ADS	01609W102	2,373	29,833	SH		SOLE		29,833	0	0
Bank of America Corp.	COM	060505104	5,260	396,367	SH		SOLE		396,367	0	0
Banco Bradesco-ADR	NEW	059460303	2,294	293,754	SH		SOLE		293,754	0	0
Biogen Inc	COM	09062X103	3,886	16,071	SH		SOLE		16,071	0	0
Blackrock Inc	COM	09247X101	9,056	26,438	SH		SOLE		26,438	0	0
Biomarin Pharmaceutical Inc	COM	09061G101	2,466	31,701	SH		SOLE		31,701	0	0
Bristol-Myers Squibb	COM	110122108	7,840	106,593	SH		SOLE		106,593	0	0
Banco Santander Chile ADR	COM	05965X109	825	42,602	SH		SOLE		42,602	0	0
Blackstone Group LP	COM UNIT LTD	09253U108	3,305	134,658	SH		SOLE		134,658	0	0
Citigroup Inc.	NEW	172967424	7,984	188,357	SH		SOLE		188,357	0	0
Crown Castle Intl Corp	COM	22822V101	7,419	73,145	SH		SOLE		73,145	0	0
Celgene Corp	COM	151020104	3,894	39,478	SH		SOLE		39,478	0	0
CNOOC Ltd. ADR	ADRSPONSORED ADR	126132109	1,519	12,183	SH		SOLE		12,183	0	0
Cerner Corp	COM	156782104	481	8,200	SH		SOLE		8,200	0	0
Cabot Oil & Gas Corp	COM	127097103	5,307	206,158	SH		SOLE		206,158	0	0
Calpine Corp	NEW	131347304	5,377	364,555	SH		SOLE		364,555	0	0
Cisco Systems	COM	17275R102	12,059	420,329	SH		SOLE		420,329	0	0
Ctrip.Com International-Adr	SHS	22943F100	567	13,761	SH		SOLE		13,761	0	0
Cognizant Tech Solutions	CL A	192446102	4,031	70,418	SH		SOLE		70,418	0	0
CVS Health Corp	COM	126650100	9,767	102,020	SH		SOLE		102,020	0	0
Delta Airlines Inc.	NEW	247361702	4,054	111,270	SH		SOLE		111,270	0	0
Walt Disney Co.	COM DISNEY	254687106	2,604	26,623	SH		SOLE		26,623	0	0
Delphi Automotive Plc	SHS	G27823106	3,109	49,660	SH		SOLE		49,660	0	0
Brinker Intl Inc	SHS	109641100	982	21,574	SH		SOLE		21,574	0	0
Edison International	COM	281020107	3,931	50,616	SH		SOLE		50,616	0	0
Estee Lauder Companies Class A	CL A	518439104	8,848	97,207	SH		SOLE		97,207	0	0
Eog Resources	COM	26875P101	7,121	85,364	SH		SOLE		85,364	0	0
Diamondback Energy Inc.	COM	25278X109	5,643	61,867	SH		SOLE		61,867	0	0
Facebook Inc.	CL A	30303M102	7,181	62,837	SH		SOLE		62,837	0	0
Fomento Economico Mex-Sp ADR	SPON ADR UNITS	344419106	1,034	11,183	SH		SOLE		11,183	0	0
General Electric	COM	369604103	7,472	237,369	SH		SOLE		237,369	0	0
Gilead Sciences Inc.	COM	375558103	4,293	51,463	SH		SOLE		51,463	0	0
Alphabet Inc - Cl C	ADDED	02079K107	11,678	16,874	SH		SOLE		16,874	0	0
Home Depot	COM	437076102	2,127	16,658	SH		SOLE		16,658	0	0
Hdfc Bank Ltd Adr	ADR REPS 3 SHS	40415F101	519	7,821	SH		SOLE		7,821	0	0
Honeywell International	COM	438516106	10,631	91,392	SH		SOLE		91,392	0	0
International Business Machines	COM	459200101	201	1,325	SH		SOLE		1,325	0	0
ICICI Bank Ltd-Spon ADR	ADR	45104G104	900	125,287	SH		SOLE		125,287	0	0
Infosys Technologies-Sp ADR	ADRSPONSORED ADR	456788108	1,496	83,795	SH		SOLE		83,795	0	0
Ingersoll Rand Co.	SHS	G47791101	6,166	96,834	SH		SOLE		96,834	0	0
Itau Unibanco Hldng-Pref ADR	SPON ADR REP PFD	465562106	910	96,378	SH		SOLE		96,378	0	0
JD.com Inc-Adr	CL A	47215P106	846	39,854	SH		SOLE		39,854	0	0
Johnson & Johnson	COM	478160104	6,540	53,919	SH		SOLE		53,919	0	0
JP Morgan Chase & Company	COM	46625H100	16,547	266,290	SH		SOLE		266,290	0	0
Coca Cola Co.	COM	191216100	4,622	101,970	SH		SOLE		101,970	0	0
KT Corp. SP ADR	ADRSPONSORED ADR	48268K101	803	56,280	SH		SOLE		56,280	0	0
L Brands Inc	COM	501797104	3,283	48,910	SH		SOLE		48,910	0	0
Lennar Corp.	CL A	526057104	3,194	69,281	SH		SOLE		69,281	0	0
Lockheed Martin Inc.	COM	539830109	10,181	41,025	SH		SOLE		41,025	0	0
Louisiana-Pacific Corp.	COM	546347105	3,638	209,704	SH		SOLE		209,704	0	0
Lyondellbasell Indu-CL A	SHS A	N53745100	3,979	53,467	SH		SOLE		53,467	0	0
Mastercard Inc	CL A	57636Q104	4,744	53,873	SH		SOLE		53,873	0	0
McDonald's Corp.	COM	580135101	226	1,875	SH		SOLE		1,875	0	0
McKesson HBOC Inc.	COM	58155Q103	3,863	20,698	SH		SOLE		20,698	0	0
Medtronic Plc	SHS	G5960L103	10,923	125,886	SH		SOLE		125,886	0	0
Altria Group Inc.	COM	02209S103	5,275	76,495	SH		SOLE		76,495	0	0
Merck & Co. Inc.	COM	58933Y105	514	8,925	SH		SOLE		8,925	0	0
Morgan Stanley	NEW	617446448	6,056	233,107	SH		SOLE		233,107	0	0
Microsoft Corp.	COM	594918104	15,680	306,430	SH		SOLE		306,430	0	0
NextEra Energy Inc.	COM	65339F101	6,003	46,036	SH		SOLE		46,036	0	0
Nike Inc.	CL B	654106103	1,981	35,889	SH		SOLE		35,889	0	0
Northrop Grumman Corp.	COM	666807102	8,359	37,606	SH		SOLE		37,606	0	0
Oracle Corp.	COM	68389X105	12,232	298,857	SH		SOLE		298,857	0	0
Priceline Group Inc	NEW	741503403	3,729	2,987	SH		SOLE		2,987	0	0
PepsiCo Inc.	COM	713448108	12,598	118,919	SH		SOLE		118,919	0	0
Pfizer Inc.	COM	717081103	12,999	369,179	SH		SOLE		369,179	0	0
Procter & Gamble	COM	742718109	8,838	104,385	SH		SOLE		104,385	0	0
Posco Spons ADR	ADRSPONSORED ADR	693483109	461	10,350	SH		SOLE		10,350	0	0
Philip Morris International Inc	COM	718172109	5,512	54,192	SH		SOLE		54,192	0	0
Prudential Financial Inc.	COM	744320102	2,000	28,037	SH		SOLE		28,037	0	0
Raytheon Company	NEW	755111507	4,668	34,337	SH		SOLE		34,337	0	0
Ryanair Hldgs ADR	ADDED	783513203	10,066	144,753	SH		SOLE		144,753	0	0
Sabre Corp	COM	78573M104	2,810	104,889	SH		SOLE		104,889	0	0
Starbucks Corp.	COM	855244109	6,219	108,878	SH		SOLE		108,878	0	0
Schlumberger Ltd.	COM	806857108	8,011	101,306	SH		SOLE		101,306	0	0
Simon Property Group	COM	828806109	6,701	30,894	SH		SOLE		30,894	0	0
Suntrust Banks Inc.	COM	867914103	5,252	127,850	SH		SOLE		127,850	0	0
Steel Dynamics Inc	COM	858119100	5,420	221,207	SH		SOLE		221,207	0	0
Synchrony Financial	COM	87165B103	4,702	186,005	SH		SOLE		186,005	0	0
Stryker Corp.	COM	863667101	8,642	72,120	SH		SOLE		72,120	0	0
AT&T Inc.	COM	00206R102	2,084	48,233	SH		SOLE		48,233	0	0
Tiffany & Co.	COM	886547108	3,379	55,724	SH		SOLE		55,724	0	0
TJX Companies Inc.	COM	872540109	10,077	130,484	SH		SOLE		130,484	0	0
T-Mobile US Inc.	COM	872590104	6,509	150,421	SH		SOLE		150,421	0	0
Taiwan Semiconductor-ADR	ADRSPONSORED ADR	874039100	4,417	168,402	SH		SOLE		168,402	0	0
Tata Motors Ltd-Spon ADR	ADRSPONSORED ADR	876568502	951	27,444	SH		SOLE		27,444	0	0
Grupo Televisa Sa-Spon ADR	SPON ADR REP ORD	40049J206	723	27,770	SH		SOLE		27,770	0	0
Time Warner Inc.	NEW	887317303	6,903	93,870	SH		SOLE		93,870	0	0
United Health Group Inc.	COM	91324P102	7,824	55,412	SH		SOLE		55,412	0	0
United Parcel Service Class B	CL B	911312106	233	2,159	SH		SOLE		2,159	0	0
US Bancorp Inc.	NEW	902973304	348	8,624	SH		SOLE		8,624	0	0
Visa Inc-Class A	CL A	92826C839	5,643	76,085	SH		SOLE		76,085	0	0
Verizon Communications	COM	92343V104	2,327	41,681	SH		SOLE		41,681	0	0
Walgreens Boots Alliance Inc	COM	931427108	237	2,850	SH		SOLE		2,850	0	0
Wells Fargo & Company	COM	949746101	7,568	159,898	SH		SOLE		159,898	0	0
Wynn Resorts Ltd	COM	983134107	4,197	46,303	SH		SOLE		46,303	0	0
Exxon Mobil Corp.	COM	30231G102	11,578	123,515	SH		SOLE		123,515	0	0
Yum! Brands Inc.	COM	988498101	5,745	69,283	SH		SOLE		69,283	0	0
Zayo Group Holdings Inc.	COM	98919V105	4,309	154,289	SH		SOLE		154,289	0	0
iShares MSCI Emerging Markets Indx (ETF)	MSCI EMG MKT ETF	464287234	727	21,153	SH		SOLE		21,153	0	0