UNITED STATES
                      SECURITIES AND EXCHANGE COMMISSION
                            Washington, D.C.  20549

                                  FORM 13F

                            FORM 13F COVER PAGE

Report for the Calendar Year or Quarter Ended: December 31, 2008

Check here if Amendment [  ]; Amendment Number:
This amendment (Check only one.): [ ] is a restatement.
                                  [ ] adds new holdings entries.

Institutional Investment Manager Filing this Report:
Name:     Noble Partners, L.P.
Address:  265 Franklin St
          21st Floor
          Boston MA 02110

13F File Number:028-11605

The institutional investment manager filing this report and the
person by whom it is signed hereby represent that the person
signing the report is authorized to submit it, that all
information contained herein is true, correct, and complete, and
and that it is understood that all required items, statements,
schedules, lists, and tables, are considered integral parts of
this form


Person Signing this Report on Behalf of Reporting Manager:

Name:  George L. Noble
Title: President, Peak Asset Mgt. Inc., General Partner, Noble Partners LP
Phone:  617-646-6540
Signature, Place and Date of Signing:


George L. Noble Boston MA 02110 February 2, 2009


Report Type (Check only one.):
[ X]        13F HOLDINGS REPORT.
[  ]        13F NOTICE.
[  ]        13F COMBINATION REPORT.


I AM SIGNING THIS REPORT AS REQUIRED BY THE SECURITIES EXCHANGE
ACT OF 1934

                           FORM 13F SUMMARY PAGE


Report Summary:

Number of Other Included Managers:         0

Form 13F Information Table Entry Total:    21

Form 13F Information Table Value Total:    508587




               
                                                                FORM 13F INFORMATION TABLE
                                                              VALUE   SHARES/ SH/ PUT/ INVSTMT   OTHER        VOTING AUTHORITY
           NAME OF ISSUER        TITLE OF CLASS     CUSIP   x($1000) PRN AMT  PRN CALL DISCRETN MANAGERS   SOLE    SHARED    NONE
  ------------------------------ ---------------- --------- -------- -------- --- ---- -------- --------- -------- -------- --------
D BUNGE LTD  COM STK             COMMON STOCK     G16962105      259     5000 SH       SOLE                   5000        0        0
D CATERPILLAR INC COM            COMMON STOCK     149123101      223     5000 SH       SOLE                   5000        0        0
D FINANCIAL SELECT SECTOR SPDR   US ETF'S - US TR 81369Y605    25040  2000000 SH       SOLE                2000000        0        0
D FLUOR CORP (NEW)  COM STK      COMMON STOCK     343412102    13461   300000 SH       SOLE                 300000        0        0
D FOSTER WHEELER LTD COM         COMMON STOCK     G36535139     7014   300000 SH       SOLE                 300000        0        0
D HESS CORP  COM STK             COMMON STOCK     42809H107      268     5000 SH       SOLE                   5000        0        0
D ISHARES DJ US REAL ESTATE      US ETF'S - US TR 464287739    14892   400000 SH       SOLE                 400000        0        0
D ISHARES INC MSCI BRAZIL FREE I INTL ETF'S - US  464286400    34990  1000000 SH       SOLE                1000000        0        0
D ISHARES MSCI EMERGING MKTS IN  INTL ETF'S - US  464287234    62425  2500000 SH       SOLE                2500000        0        0
D ISHARES FTSE CHINA             INTL ETF'S - US  464287184    72725  2500000 SH       SOLE                2500000        0        0
D JACOBS ENGR GROUP INC COM STK  COMMON STOCK     469814107    12025   250000 SH       SOLE                 250000        0        0
D KBR INC                        COMMON STOCK     48242W106     3800   250000 SH       SOLE                 250000        0        0
D OIL SVC HOLDRS TR DEPOSTRY RCP HOLDERS US ETF'S 678002106   103250  1400000 SH       SOLE                1400000        0        0
D PETROLEO BRASIL ADR            ADRS STOCKS      71654V408    42858  1750000 SH       SOLE                1750000        0        0
D POTASH CORP OF SASKATCHEWAN I  COMMON STOCK     73755L107    14644   200000 SH       SOLE                 200000        0        0
D RETAIL HOLDERS TRUST           HOLDERS US ETF'S 76127U101    18785   250000 SH       SOLE                 250000        0        0
D ROYAL CARIBBEAN CRUISES LTD    COMMON STOCK     V7780T103      138    10000 SH       SOLE                  10000        0        0
D SCHNITZER STEEL INDS  INC CL A COMMON STOCK     806882106      282     7500 SH       SOLE                   7500        0        0
D SHAW GROUP INC  COM STK        COMMON STOCK     820280105     5118   250000 SH       SOLE                 250000        0        0
D UNITED STS STL CORP  COM STK   COMMON STOCK     912909108    48360  1300000 SH       SOLE                1300000        0        0
D WAL-MART STORES INC  COM STK   COMMON STOCK     931142103    28030   500000 SH       SOLE                 500000        0        0
S REPORT SUMMARY                 21 DATA RECORDS              508587        0 OTHER MANAGERS ON WHOSE BEHALF REPORT IS FILED