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
Activision Blizzard Inc	COM	00507V109	3,915	51,303	SH		SOLE		51,303	0	0
Alexion Pharmaceuticals Inc	COM	015351109	3,053	24,593	SH		SOLE		24,593	0	0
Alliance Data Systems Corp	COM	018581108	3,735	16,016	SH		SOLE		16,016	0	0
Alphabet Inc	CAP STK CL A	02079K305	39,786	35,234	SH		SOLE		35,234	0	0
Amazon.com Inc	COM	023135106	6,022	3,543	SH		SOLE		3,543	0	0
Arch Capital Group Ltd	ORD	G0450A105	25,496	963,560	SH		SOLE		963,560	0	0
Blackstone Mortgage Trust Inc	COM CL A	09257W100	307	9,778	SH		SOLE		9,778	0	0
Booking Holdings Inc	COM	09857L108	3,815	1,882	SH		SOLE		1,882	0	0
Brighthouse Financial Inc	COM	10922N103	2,054	51,258	SH		SOLE		51,258	0	0
CBRE Group Inc	CL A	12504L109	4,782	100,172	SH		SOLE		100,172	0	0
Charter Communications Inc	CL A NEW	16119P108	28,344	96,669	SH		SOLE		96,669	0	0
CNX Resources Corp	COM	12653C108	4,293	241,444	SH		SOLE		241,444	0	0
CommScope Holding Co Inc	COM	20337X109	24,374	834,592	SH		SOLE		834,592	0	0
CONSOL Energy Inc	COM	20854L108	1,149	29,963	SH		SOLE		29,963	0	0
Eaton Vance Municipal Bond Fund	COM	27827X101	82	6,911	SH		SOLE		6,911	0	0
eBay Inc	COM	278642103	30,517	841,613	SH		SOLE		841,613	0	0
Encana Corp	COM	292505104	4,372	334,995	SH		SOLE		334,995	0	0
Equinix Inc	COM	29444U700	30,130	70,087	SH		SOLE		70,087	0	0
Exelixis Inc	COM NEW	30161Q104	2,591	120,396	SH		SOLE		120,396	0	0
Expedia Group Inc	COM NEW	30212P303	2,873	23,907	SH		SOLE		23,907	0	0
Express Scripts Holding Co	COM	30219G108	1,517	19,651	SH		SOLE		19,651	0	0
Ferrari NV	COM	N3167Y103	4,053	30,022	SH		SOLE		30,022	0	0
First Trust Cloud Computing ETF	CLOUD COMPUTING	33734X192	110	2,065	SH		SOLE		2,065	0	0
General Motors Co	COM	37045V100	3,863	98,041	SH		SOLE		98,041	0	0
Incyte Corp	COM	45337C102	1,696	25,312	SH		SOLE		25,312	0	0
iShares 7-10 Year Treasury Bond ETF	7-10 Y TR BD ETF	464287440	12	113	SH		SOLE		113	0	0
iShares TIPS Bond ETF	TIPS BD ETF	464287176	478	4,234	SH		SOLE		4,234	0	0
iShares Cohen & Steers REIT ETF	COHEN&STEER REIT	464287564	284	2,843	SH		SOLE		2,843	0	0
iShares Core MSCI Emerging Markets ETF	IBOXX HI YD ETF	46434G103	59,686	1,136,657	SH		SOLE		1,136,657	0	0
iShares Core S&P 500 ETF	CORE S&P500 ETF	464287200	88,265	323,254	SH		SOLE		323,254	0	0
iShares Global REIT ETF	GLOBAL REIT ETF	46434V647	17,218	670,996	SH		SOLE		670,996	0	0
iShares Gold Trust	ISHARES	464285105	36	3,005	SH		SOLE		3,005	0	0
iShares iBoxx High Yield Corporate Bond ETF	IBOXX HI YD ETF	464288513	1,565	18,395	SH		SOLE		18,395	0	0
iShares iBoxx $ Investment Grade Corporate Bond ETF	MSCI ACWI ETF	464287242	6,893	60,164	SH		SOLE		60,164	0	0
iShares MSCI EAFE ETF	MSCI EAFE ETF	464287465	10,046	150,008	SH		SOLE		150,008	0	0
iShares MSCI Emerging Markets Asia ETF	MSCI EM ASIA ETF	464286426	33	472	SH		SOLE		472	0	0
iShares Currency Hedged MSCI EAFE ETF	HDG MSCI EAFE	46434V803	1,895	64,011	SH		SOLE		64,011	0	0
iShares MSCI Pacific ex Japan ETF	MSCI PAC JP ETF	464286665	5,905	128,342	SH		SOLE		128,342	0	0
iShares MSCI World ETF	MSCI WORLD ETF	464286392	276	3,152	SH		SOLE		3,152	0	0
iShares Russell 2000 ETF	RUSSELL 2000 ETF	464287655	3,785	23,110	SH		SOLE		23,110	0	0
iShares Europe ETF	EUROPE ETF	464287861	849	18,996	SH		SOLE		18,996	0	0
iShares S&P GSCI Commodity Indexed Trust	UNIT BEN INT	46428R107	78	4,373	SH		SOLE		4,373	0	0
JD.com Inc	SPON ADR CL A	47215P106	3,199	82,131	SH		SOLE		82,131	0	0
Johnson & Johnson	COM	478160104	27,448	226,210	SH		SOLE		226,210	0	0
JPMorgan Alerian MLP Index ETN	ALERIAN ML ETN	46625H365	6,939	261,078	SH		SOLE		261,078	0	0
Kinder Morgan Inc/DE	COM	49456B101	36,313	2,055,069	SH		SOLE		2,055,069	0	0
Liberty Global PLC	SHS CL B	G5480U120	25,946	975,062	SH		SOLE		975,062	0	0
Liberty Media Corp-Liberty SiriusXM	COM A SIRIUSXM	531229409	132	2,940	SH		SOLE		2,940	0	0
Liberty Media Corp-Liberty SiriusXM	COM C SIRIUSXM	531229607	34,406	758,518	SH		SOLE		758,518	0	0
Microsoft Corp	COM	594918104	41,152	417,324	SH		SOLE		417,324	0	0
Morgan Stanley	COM NEW	617446448	3,568	75,280	SH		SOLE		75,280	0	0
Mylan NV	SHS EURO	N59465109	4,106	113,604	SH		SOLE		113,604	0	0
Nuveen AMT-Free Municipal Credit Income Fund	COM	67071L106	71	4,866	SH		SOLE		4,866	0	0
Nuveen Municipal Value Fund Inc	COM	670928100	138	14,476	SH		SOLE		14,476	0	0
Oracle Corp	COM	68389X105	410	9,295	SH		SOLE		9,295	0	0
Pioneer Natural Resources Co	COM	723787107	1,708	9,027	SH		SOLE		9,027	0	0
Praxair Inc	COM	74005P104	4,202	26,573	SH		SOLE		26,573	0	0
Rexford Industrial Realty Inc	COM	76169C100	49	1,550	SH		SOLE		1,550	0	0
SBA Communications Corp	CL A	78410G104	3,738	22,638	SH		SOLE		22,638	0	0
Charles Schwab Corp/The	COM	808513105	32,317	632,433	SH		SOLE		632,433	0	0
Seagate Technology PLC	SHS	G7945M107	136	2,411	SH		SOLE		2,411	0	0
Seattle Genetics Inc	COM	812578102	4,625	69,669	SH		SOLE		69,669	0	0
SPDR Gold Shares	GOLD SHS	78463V107	1,461	12,310	SH		SOLE		12,310	0	0
Tableau Software Inc	CL A	87336U105	5,499	56,259	SH		SOLE		56,259	0	0
Toronto-Dominion Bank/The	COM NEW	891160509	4,000	69,139	SH		SOLE		69,139	0	0
TransDigm Group Inc	COM	893641100	4,298	12,453	SH		SOLE		12,453	0	0
Twenty-First Century Fox Inc	CL B	90130A200	155	3,152	SH		SOLE		3,152	0	0
United Continental Holdings Inc	COM	910047109	3,838	55,047	SH		SOLE		55,047	0	0
Vanguard FTSE Emerging Markets ETF	FTSE EMR MKT ETF	922042858	40	946	SH		SOLE		946	0	0
Vanguard Global ex-U.S. Real Estate ETF	GLB EX US ETF	922042676	429	7,384	SH		SOLE		7,384	0	0
Vanguard Real Estate ETF	REIT ETF	922908553	496	6,089	SH		SOLE		6,089	0	0
Vanguard Short-Term Treasury ETF	SHORT TERM TREAS	92206C102	5,992	100,000	SH		SOLE		100,000	0	0
Vanguard Total World Stock ETF	TT WRLD ST ETF	922042742	2,042	27,834	SH		SOLE		27,834	0	0
Vanguard Value ETF	VALUE ETF	922908744	14,063	135,444	SH		SOLE		135,444	0	0
ViaSat Inc	COM	92552V100	28,766	437,707	SH		SOLE		437,707	0	0
Visa Inc	COM CL A	92826C839	4,407	33,270	SH		SOLE		33,270	0	0
Voya Financial Inc	COM	929089100	4,221	89,817	SH		SOLE		89,817	0	0
WisdomTree Japan Hedged Equity Fund	JAPN HEDGE EQT	97717W851	21,415	396,729	SH		SOLE		396,729	0	0
Workday Inc	CL A	98138H101	3,596	29,690	SH		SOLE		29,690	0	0
Xtrackers MSCI Europe Hedged Equity ETF	COM SER c	233051853	3,985	141,956	SH		SOLE		141,956	0	0
Xtrackers MSCI Japan Hedged Equity ETF	XTRAK MSCI JAPN	233051507	6,777	162,789	SH		SOLE		162,789	0	0
Zayo Group Holdings Inc	COM	98919V105	1,562	42,816	SH		SOLE		42,816	0	0