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	7,846	126,200	SH		SOLE		126,200	0	0
Alcon Inc	ORD SHS	H01301128	1,908	30,911	SH		SOLE		30,911	0	0
Alexion Pharmaceuticals Inc	COM	015351109	6,795	51,880	SH		SOLE		51,880	0	0
Alliance Data Systems Corp	COM	018581108	26,013	185,634	SH		SOLE		185,634	0	0
Alphabet Inc	CAP STK CL A	02079K305	110	102	SH		SOLE		102	0	0
Altice USA Inc	CL A	02156K103	6,748	277,145	SH		SOLE		277,145	0	0
Amazon.com Inc	COM	023135106	44,220	23,352	SH		SOLE		23,352	0	0
Analog Devices Inc	COM	032654105	0	4	SH		SOLE		4	0	0
Anthem Inc	COM	036752103	6,750	23,917	SH		SOLE		23,917	0	0
Arch Capital Group Ltd	ORD	G0450A105	937	25,278	SH		SOLE		25,278	0	0
Booking Holdings Inc	COM	09857L108	43,707	23,314	SH		SOLE		23,314	0	0
Brighthouse Financial Inc	COM	10922N103	5,816	158,521	SH		SOLE		158,521	0	0
Canadian Pacific Railway Ltd	COM	13645T100	13,996	59,498	SH		SOLE		59,498	0	0
Cargurus Inc	COM CL A	141788109	7,088	196,297	SH		SOLE		196,297	0	0
CBRE Group Inc	CL A	12504L109	7,779	151,633	SH		SOLE		151,633	0	0
Charter Communications Inc	CL A	16119P108	646	1,634	SH		SOLE		1,634	0	0
Citigroup Inc	COM NEW	172967424	39,349	561,888	SH		SOLE		561,888	0	0
CNX Resources Corp	COM	20854P109	3,408	466,277	SH		SOLE		466,277	0	0
Expedia Group Inc	COM NEW	30212P303	7,129	53,591	SH		SOLE		53,591	0	0
Facebook Inc	CL A	30303M102	5,929	30,718	SH		SOLE		30,718	0	0
Ferrari NV	COM	N3167Y103	9,488	58,781	SH		SOLE		58,781	0	0
General Motors Co	COM	37045V100	6,948	180,319	SH		SOLE		180,319	0	0
Guidewire Software Inc	COM	40171V100	37,782	372,676	SH		SOLE		372,676	0	0
HDFC Bank Ltd	SPONSORED ADS	40415F101	9,026	69,408	SH		SOLE		69,408	0	0
Incyte Corp	COM	45337C102	8,302	97,718	SH		SOLE		97,718	0	0
Invesco FTSE RAFI US 1000 ETF	FTSE RAFI 1000	46137V613	422	3,618	SH		SOLE		3,618	0	0
Invesco QQQ Trust Series 1	UNIT SER 1	46090E103	462	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 TIPS Bond ETF	TIPS BD ETF	464287176	13,367	115,740	SH		SOLE		115,740	0	0
iShares Core MSCI Emerging Markets ETF	CORE MSCI EMKT	46434G103	35,824	696,422	SH		SOLE		696,422	0	0
iShares Core S&P 500 ETF	CORE S&P500 ETF	464287200	89,311	303,007	SH		SOLE		303,007	0	0
iShares Edge MSCI USA Momentum Factor ETF	USA MOMENTUM FCT	46432F396	444	3,740	SH		SOLE		3,740	0	0
iShares Global Clean Energy ETF	GL CLEAN ENE ETF	464288224	869	81,700	SH		SOLE		81,700	0	0
iShares Global REIT ETF	GLOBAL REIT ETF	46434V647	15,030	563,546	SH		SOLE		563,546	0	0
iShares Gold Trust	ISHARES	464285105	22,388	1,658,376	SH		SOLE		1,658,376	0	0
iShares iBoxx High Yield Corporate Bond ETF	IBOXX HI YD ETF	464288513	1,516	17,388	SH		SOLE		17,388	0	0
iShares MSCI EAFE ETF	MSCI EAFE ETF	464287465	4,185	63,673	SH		SOLE		63,673	0	0
iShares Currency Hedged MSCI EAFE ETF	HDG MSCI EAFE	46434V803	5,166	173,232	SH		SOLE		173,232	0	0
iShares MSCI Pacific ex Japan ETF	MSCI PAC JP ETF	464286665	5,568	117,898	SH		SOLE		117,898	0	0
iShares Russell 2000 ETF	RUSSELL 2000 ETF	464287655	2,235	14,370	SH		SOLE		14,370	0	0
JD.com Inc	SPON ADR CL A	47215P106	9,434	311,457	SH		SOLE		311,457	0	0
Johnson & Johnson	COM	478160104	29,011	208,296	SH		SOLE		208,296	0	0
KKR & Co Inc	CL A	48251W104	33,797	1,337,417	SH		SOLE		1,337,417	0	0
KraneShares CSI China Internet ETF	CSI CHI INTERNET	500767306	20,935	476,328	SH		SOLE		476,328	0	0
Linde PLC	SHS	G5494J103	7,667	38,183	SH		SOLE		38,183	0	0
Microsoft Corp	COM	594918104	44,432	331,683	SH		SOLE		331,683	0	0
Morgan Stanley	COM NEW	617446448	7,396	168,818	SH		SOLE		168,818	0	0
Netflix Inc	COM	64110L106	7,401	20,148	SH		SOLE		20,148	0	0
Noah Holdings Ltd	SPON ADS CL A	65487X102	7,351	172,750	SH		SOLE		172,750	0	0
Norfolk Southern Corp	COM	655844108	14,034	70,406	SH		SOLE		70,406	0	0
NXP Semiconductors NV	COM	N6596X109	78	803	SH		SOLE		803	0	0
RealPage Inc	COM	75606N109	31,767	539,798	SH		SOLE		539,798	0	0
Rexford Industrial Realty Inc	COM	76169C100	63	1,550	SH		SOLE		1,550	0	0
SBA Communications Corp	CL A	78410G104	8,671	38,563	SH		SOLE		38,563	0	0
Seagate Technology PLC	SHS	G7945M107	40,043	849,802	SH		SOLE		849,802	0	0
Seattle Genetics Inc	COM	812578102	7,321	105,784	SH		SOLE		105,784	0	0
SPDR Gold Shares	GOLD SHS	78463V107	1,640	12,310	SH		SOLE		12,310	0	0
SPDR MSCI EAFE Fossil Fuel Reserves Free ETF	MSCI EAFE FS ETF	78470E106	940	13,850	SH		SOLE		13,850	0	0
SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF	MSCI EMR MKT ETF	78470E205	1,721	27,500	SH		SOLE		27,500	0	0
SPDR S&P 500 ETF Trust	TR UNIT	78462F103	6,789	23,169	SH		SOLE		23,169	0	0
SPDR S&P 500 Fossil Fuel Reserves Free ETF	SPDR S&P 500 ETF	78468R796	2,993	41,840	SH		SOLE		41,840	0	0
Tableau Software Inc	CL A	87336U105	8,943	53,867	SH		SOLE		53,867	0	0
TransDigm Group Inc	COM	893641100	45,385	93,810	SH		SOLE		93,810	0	0
Fox Corp	CL A COM	35137L105	73	1,981	SH		SOLE		1,981	0	0
Union Pacific Corp	COM	907818108	14,148	83,664	SH		SOLE		83,664	0	0
United Airlines Holdings Inc	COM	910047109	5,996	68,488	SH		SOLE		68,488	0	0
UnitedHealth Group Inc	COM	91324P102	6,082	24,925	SH		SOLE		24,925	0	0
Vanguard Extended Market ETF	EXTEND MKT ETF	922908652	431	3,636	SH		SOLE		3,636	0	0
Vanguard FTSE Developed Markets ETF	FTSE DEV MKT ETF	921943858	7,594	182,078	SH		SOLE		182,078	0	0
Vanguard FTSE Emerging Markets ETF	FTSE EMR MKT ETF	922042858	12,739	299,535	SH		SOLE		299,535	0	0
Vanguard FTSE Europe ETF	FTSE EUROPE ETF	922042874	12,102	220,433	SH		SOLE		220,433	0	0
Vanguard FTSE Pacific ETF	FTSE PACIFIC ETF	922042866	2,364	35,781	SH		SOLE		35,781	0	0
Vanguard Global ex-U.S. Real Estate ETF	GLB EX US ETF	922042676	268	4,545	SH		SOLE		4,545	0	0
Vanguard Intermediate-Term Treasury ETF	INTER TERM TREAS	92206C706	311	4,710	SH		SOLE		4,710	0	0
Vanguard Real Estate ETF	REAL ESTATE ETF	922908553	238	2,721	SH		SOLE		2,721	0	0
Vanguard Short-Term Treasury ETF	SHORT TERM TREAS	92206C102	507	8,315	SH		SOLE		8,315	0	0
Vanguard Total International Stock ETF	VG TL INTL STK F	921909768	570	10,799	SH		SOLE		10,799	0	0
Vanguard Total World Stock ETF	TT WRLD ST ETF	922042742	11,055	147,080	SH		SOLE		147,080	0	0
Vanguard Value ETF	VALUE ETF	922908744	36,349	327,703	SH		SOLE		327,703	0	0
Visa Inc	COM CL A	92826C839	8,184	47,158	SH		SOLE		47,158	0	0
Voya Financial Inc	COM	929089100	8,074	145,999	SH		SOLE		145,999	0	0
Walt Disney Co/The	COM DISNEY	254687106	276	1,978	SH		SOLE		1,978	0	0
WisdomTree Japan Hedged Equity Fund	JAPN HEDGE EQT	97717W851	11,067	227,252	SH		SOLE		227,252	0	0
Xtrackers MSCI EAFE Hedged Equity ETF	XTRACK MSCI EAFE	233051200	545	17,249	SH		SOLE		17,249	0	0
Xtrackers MSCI Europe Hedged Equity ETF	XTRACK MSCI EURP	233051853	4,453	153,031	SH		SOLE		153,031	0	0
Xtrackers MSCI Japan Hedged Equity ETF	XTRACK MSCI JAPN	233051507	17,378	456,486	SH		SOLE		456,486	0	0