Partners Capital Investment 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
58.com Inc	SPON ADR REP A	31680Q104	6,223	126,200	SH		SOLE		126,200	0	0
AerCap Holdings NV	SHS	N00985106	208	3,800	SH		SOLE		3,800	0	0
Alcon Inc	ORD SHS	H01301128	4,277	73,329	SH		SOLE		73,329	0	0
Alexion Pharmaceuticals Inc	COM	015351109	7,013	71,608	SH		SOLE		71,608	0	0
Alliance Data Systems Corp	COM	018581108	26,277	205,083	SH		SOLE		205,083	0	0
Alphabet Inc	CAP STK CL A	02079K305	521	427	SH		SOLE		427	0	0
Altice USA Inc	CL A	02156K103	11,826	412,356	SH		SOLE		412,356	0	0
Amazon.com Inc	COM	023135106	44,384	25,568	SH		SOLE		25,568	0	0
Analog Devices Inc	COM	032654105	0	4	SH		SOLE		4	0	0
Anthem Inc	COM	036752103	7,975	33,215	SH		SOLE		33,215	0	0
Booking Holdings Inc	COM	09857L108	49,758	25,353	SH		SOLE		25,353	0	0
Brighthouse Financial Inc	COM	10922N103	8,838	218,377	SH		SOLE		218,377	0	0
Canadian Pacific Railway Ltd	COM	13645T100	13,236	59,498	SH		SOLE		59,498	0	0
Cargurus Inc	COM CL A	141788109	8,268	267,156	SH		SOLE		267,156	0	0
CBRE Group Inc	CL A	12504L109	11,024	207,961	SH		SOLE		207,961	0	0
Charter Communications Inc	CL A	16119P108	13,839	33,580	SH		SOLE		33,580	0	0
Chemours Co/The	COM	163851108	10,294	689,034	SH		SOLE		689,034	0	0
Citigroup Inc	COM NEW	172967424	42,973	622,075	SH		SOLE		622,075	0	0
CONSOL Energy Inc	COM	20854P109	4,666	642,636	SH		SOLE		642,636	0	0
Expedia Inc	COM NEW	30212P303	9,965	74,138	SH		SOLE		74,138	0	0
Facebook Inc	CL A	30303M102	8,074	45,339	SH		SOLE		45,339	0	0
Ferrari NV	COM	N3167Y103	12,742	82,692	SH		SOLE		82,692	0	0
Twenty-First Century Fox Inc	CL B	90130A200	62	1,981	SH		SOLE		1,981	0	0
General Motors Co	COM	37045V100	9,397	250,730	SH		SOLE		250,730	0	0
Guidewire Software Inc	COM	40171V100	40,796	387,128	SH		SOLE		387,128	0	0
HDFC Bank Ltd	SPONSORED ADS	40415F101	7,919	138,816	SH		SOLE		138,816	0	0
Incyte Corp	COM	45337C102	9,993	134,616	SH		SOLE		134,616	0	0
Invesco FTSE RAFI US 1000 ETF	FTSE RAFI 1000	46137V613	426	3,618	SH		SOLE		3,618	0	0
Invesco QQQ Trust Series 1	UNIT SER 1	46090E103	467	2,475	SH		SOLE		2,475	0	0
iShares 7-10 Year Treasury Bond ETF	BARCLAYS 7 10 YR	464287440	13	116	SH		SOLE		116	0	0
iShares Core MSCI EAFE ETF	CORE MSCI EAFE	46432F842	3,282	53,740	SH		SOLE		53,740	0	0
iShares Core MSCI Emerging Markets ETF	CORE MSCI EMKT	46434G103	29,959	611,165	SH		SOLE		611,165	0	0
iShares Core S&P 500 ETF	CORE S&P500 ETF	464287200	95,410	319,610	SH		SOLE		319,610	0	0
iShares Currency Hedged MSCI EAFE ETF	HDG MSCI EAFE	46434V803	5,180	173,021	SH		SOLE		173,021	0	0
iShares Currency Hedged MSCI Japan ETF	HDG MSCI JAPAN	46434V886	9,415	302,162	SH		SOLE		302,162	0	0
iShares Edge MSCI USA Momentum Factor ETF	USA MOMENTUM FCT	46432F396	446	3,740	SH		SOLE		3,740	0	0
iShares Global Clean Energy ETF	GL CLEAN ENE ETF	464288224	891	81,700	SH		SOLE		81,700	0	0
iShares Global REIT ETF	GLOBAL REIT ETF	46434V647	13,215	470,636	SH		SOLE		470,636	0	0
iShares Gold Trust	ISHARES	464285105	26,030	1,846,091	SH		SOLE		1,846,091	0	0
iShares iBoxx $ High Yield Corporate Bond ETF	IBOXX HI YD ETF	464288513	1,535	17,614	SH		SOLE		17,614	0	0
iShares MSCI EAFE ETF	MSCI EAFE ETF	464287465	3,143	48,195	SH		SOLE		48,195	0	0
iShares MSCI Emerging Markets ETF	MSCI EMG MKT ETF	464287234	311	7,602	SH		SOLE		7,602	0	0
iShares MSCI Japan ETF	MSCI JPN ETF NEW	46434G822	1,423	25,085	SH		SOLE		25,085	0	0
iShares MSCI Pacific ex Japan ETF	MSCI PAC JP ETF	464286665	12,124	271,042	SH		SOLE		271,042	0	0
iShares Russell 2000 ETF	RUSSELL 2000 ETF	464287655	2,175	14,370	SH		SOLE		14,370	0	0
iShares Russell 3000 ETF	RUSSELL 3000 ETF	464287689	26	148	SH		SOLE		148	0	0
iShares TIPS Bond ETF	TIPS BD ETF	464287176	1,453	12,496	SH		SOLE		12,496	0	0
JD.com Inc	SPON ADR CL A	47215P106	12,126	429,859	SH		SOLE		429,859	0	0
Johnson & Johnson	COM	478160104	28,208	218,023	SH		SOLE		218,023	0	0
KKR & Co Inc	CL A	48251W104	37,504	1,396,796	SH		SOLE		1,396,796	0	0
KraneShares CSI China Internet ETF	CSI CHI INTERNET	500767306	65,681	1,589,187	SH		SOLE		1,589,187	0	0
Microsoft Corp	COM	594918104	50,919	366,244	SH		SOLE		366,244	0	0
Morgan Stanley	COM NEW	617446448	9,607	225,154	SH		SOLE		225,154	0	0
Netflix Inc	COM	64110L106	7,428	27,756	SH		SOLE		27,756	0	0
Noah Holdings Ltd	SPON ADS CL A	65487X102	5,044	172,750	SH		SOLE		172,750	0	0
Norfolk Southern Corp	COM	655844108	12,669	70,518	SH		SOLE		70,518	0	0
NXP Semiconductors NV	COM	N6596X109	88	803	SH		SOLE		803	0	0
RealPage Inc	COM	75606N109	35,408	563,279	SH		SOLE		563,279	0	0
Rexford Industrial Realty Inc	COM	76169C100	68	1,550	SH		SOLE		1,550	0	0
Seagate Technology PLC	SHS	G7945M107	50,450	937,904	SH		SOLE		937,904	0	0
Seattle Genetics Inc	COM	812578102	12,375	144,904	SH		SOLE		144,904	0	0
SPDR Gold Shares	GOLD SHS	78463V107	1,709	12,310	SH		SOLE		12,310	0	0
SPDR MSCI EAFE Fossil Fuel Reserves Free ETF	MSCI EAFE FS ETF	78470E106	939	13,850	SH		SOLE		13,850	0	0
SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF	MSCI EMR MKT ETF	78470E205	1,645	27,500	SH		SOLE		27,500	0	0
SPDR S&P 500 ETF Trust	TR UNIT	78462F103	6,876	23,169	SH		SOLE		23,169	0	0
SPDR S&P 500 Fossil Fuel Reserves Free ETF	SPDR S&P 500 ETF	78468R796	3,040	41,840	SH		SOLE		41,840	0	0
TransDigm Group Inc	COM	893641100	53,945	103,607	SH		SOLE		103,607	0	0
Union Pacific Corp	COM	907818108	13,572	83,788	SH		SOLE		83,788	0	0
United Continental Holdings Inc	COM	910047109	8,310	93,996	SH		SOLE		93,996	0	0
UnitedHealth Group Inc	COM	91324P102	8,832	40,642	SH		SOLE		40,642	0	0
Vanguard Extended Market ETF	EXTEND MKT ETF	922908652	423	3,636	SH		SOLE		3,636	0	0
Vanguard FTSE Developed Markets ETF	FTSE DEV MKT ETF	921943858	12,238	297,913	SH		SOLE		297,913	0	0
Vanguard FTSE Emerging Markets ETF	FTSE EMR MKT ETF	922042858	12,127	301,224	SH		SOLE		301,224	0	0
Vanguard FTSE Europe ETF	FTSE EUROPE ETF	922042874	11,817	220,433	SH		SOLE		220,433	0	0
Vanguard Global ex-U.S. Real Estate ETF	GLB EX US ETF	922042676	268	4,577	SH		SOLE		4,577	0	0
Vanguard Intermediate-Term Treasury ETF	INTER TERM TREAS	92206C706	314	4,710	SH		SOLE		4,710	0	0
Vanguard REIT ETF	REAL ESTATE ETF	922908553	258	2,768	SH		SOLE		2,768	0	0
Vanguard Short-Term Treasury ETF	SHORT TERM TREAS	92206C102	250	4,108	SH		SOLE		4,108	0	0
Vanguard Total International Stock ETF	VG TL INTL STK F	921909768	558	10,799	SH		SOLE		10,799	0	0
Vanguard Total World Stock ETF	TT WRLD ST ETF	922042742	10,340	138,196	SH		SOLE		138,196	0	0
Vanguard Value ETF	VALUE ETF	922908744	49,508	443,537	SH		SOLE		443,537	0	0
Visa Inc	COM CL A	92826C839	11,124	64,669	SH		SOLE		64,669	0	0
Walt Disney Co/The	COM DISNEY	254687106	258	1,978	SH		SOLE		1,978	0	0
WisdomTree Japan Hedged Equity Fund	JAPN HEDGE EQT	97717W851	1,425	28,232	SH		SOLE		28,232	0	0
WR Grace & Co	COM	38388F108	6,459	96,744	SH		SOLE		96,744	0	0
Xtrackers MSCI EAFE Hedged Equity ETF	XTRACK MSCI EAFE	233051200	570	17,616	SH		SOLE		17,616	0	0
Xtrackers MSCI Europe Hedged Equity ETF	XTRACK MSCI EURP	233051853	4,440	148,841	SH		SOLE		148,841	0	0
Xtrackers MSCI Japan Hedged Equity ETF	XTRACK MSCI JAPN	233051507	23,608	592,866	SH		SOLE		592,866	0	0