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
OMB APPROVAL
OMB Number: 3235-0006
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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
AbbVie Inc COM 00287Y109 758 10,455 SH   SOLE   10,455 0 0
Activision Blizzard Inc Com US$0.000001 COM 00507V109 21,030 365,299 SH   SOLE   365,299 0 0
Akamai Technologies Inc Com US$0.01 COM 00971T101 934 18,757 SH   SOLE   18,757 0 0
Alphabet Inc US$0.001 'A' CAP STK CL A 02079K305 93,056 100,095 SH   SOLE   100,095 0 0
Alphabet Inc US$0.001 'C' CAP STK CL C 02079K107 32,350 35,599 SH   SOLE   35,599 0 0
Amazon.com Inc Com US$0.01 COM 023135106 79,935 82,577 SH   SOLE   82,577 0 0
American Express Co Com US$0.20 COM 025816109 17,570 208,573 SH   SOLE   208,573 0 0
American Tower Corporation Com US$0.01 COM 03027X100 6,586 49,773 SH   SOLE   49,773 0 0
Apple Inc Com COM 037833100 109,806 762,438 SH   SOLE   762,438 0 0
Baidu Inc ADS Each Repr 0.10 Ord Class 'A' Share SPON ADR REP A 056752108 64,962 363,198 SH   SOLE   363,198 0 0
Becton Dickinson Com US$1 COM 075887109 68,448 350,815 SH   SOLE   350,815 0 0
Berkshire Hathaway 'B' Com US$0.1667 CL B NEW 084670702 58,831 347,349 SH   SOLE   347,349 0 0
Biogen Inc Com US$0.0005 COM 09062X103 56,146 206,905 SH   SOLE   206,905 0 0
Blueprint Medicines Corp COM 09627Y109 633 12,500 SH   SOLE   12,500 0 0
Cadiz Inc Com US$0.01 COM NEW 127537207 2,192 162,404 SH   SOLE   162,404 0 0
CDW Corporation Com US$0.01 COM 12514G108 776 12,404 SH   SOLE   12,404 0 0
Centerpoint Energy Com COM 15189T107 609 22,237 SH   SOLE   22,237 0 0
Church & Dwight Com US$1 COM 171340102 3,949 76,115 SH   SOLE   76,115 0 0
Cisco Systems Com US$0.001 COM 17275R102 864 27,604 SH   SOLE   27,604 0 0
Colgate-Palmolive Co Com US$1.00 COM 194162103 13,261 178,895 SH   SOLE   178,895 0 0
Comcast Corp Com Class 'A' US$1.00 CL A 20030N101 10,555 271,194 SH   SOLE   271,194 0 0
Convergys Corp Com COM 212485106 435 18,273 SH   SOLE   18,273 0 0
Corning Inc Com US$0.50 COM 219350105 756 25,142 SH   SOLE   25,142 0 0
Delta Air Lines Inc Com US$0.0001 COM NEW 247361702 1,542 28,700 SH   SOLE   28,700 0 0
eBay Inc Com US$0.001 COM 278642103 731 20,929 SH   SOLE   20,929 0 0
EOG Resources Inc COM 26875P101 62,325 688,517 SH   SOLE   688,517 0 0
ETFS Physical Swiss Gold (NUK) Shares US$ SHS 26922Y105 5,165 42,890 SH   SOLE   42,890 0 0
Exxon Mobil Corporation Com COM 30231G102 7,639 94,618 SH   SOLE   94,618 0 0
Facebook Inc Com CL A 30303M102 10,498 69,533 SH   SOLE   69,533 0 0
General Electric Co of America Com US$0.06 COM 369604103 9,884 365,926 SH   SOLE   365,926 0 0
Gilead Sciences Com US$0.001 COM 375558103 738 10,424 SH   SOLE   10,424 0 0
Goodyear Tire & Rubber Co Com COM 382550101 585 16,736 SH   SOLE   16,736 0 0
Honeywell International Inc Com US$1.00 COM 438516106 58,269 437,156 SH   SOLE   437,156 0 0
International Paper Co Com US$1.00 COM 460146103 836 14,770 SH   SOLE   14,770 0 0
J.P. Morgan FRN 28/01/2019 US$2,000 *W EXP 10/28/201 46634E114 501 500,000 SH   SOLE   500,000 0 0
Johnson & Johnson Com US$1.00 COM 478160104 2,040 15,421 SH   SOLE   15,421 0 0
JP Morgan Chase Com US$1 (US quote) COM 46625H100 3,374 36,919 SH   SOLE   36,919 0 0
Kinder Morgan Inc COM 49456B101 432 22,570 SH   SOLE   22,570 0 0
Korea Electric Power Corporation ADR SPON Each Rep 0.5 Com COM 50063B104 10,006 556,827 SH   SOLE   556,827 0 0
Lazard Ltd Com 'A' US$0.01 SHS A G54050102 1,158 25,000 SH   SOLE   25,000 0 0
LivaNova plc Ord 1 GBP SHS G5509L101 6,808 111,220 SH   SOLE   111,220 0 0
Lockheed Martin Corp Com US$1.00 COM 539830109 87,730 316,019 SH   SOLE   316,019 0 0
Marsh & McLennan Cos Inc Com US$1.00 COM 571748102 34,093 437,318 SH   SOLE   437,318 0 0
Mastercard Inc US$0.0001 Class 'A' CL A 57636Q104 1,391 11,455 SH   SOLE   11,455 0 0
Merck & Co Inc Com US$0.50 COM 58933Y105 1,041 16,240 SH   SOLE   16,240 0 0
Microsoft Corporation Com US$0.0000125 COM 594918104 96,829 1,404,742 SH   SOLE   1,404,742 0 0
Mondelez Intl Inc Com US$0.01 CL A 609207105 1,033 23,906 SH   SOLE   23,906 0 0
Mylan NV 0.01 EUR SHS EURO N59465109 396 10,197 SH   SOLE   10,197 0 0
Netease Inc. ADR Rep. 24 Com SPONSORED ADR 64110W102 18,380 61,138 SH   SOLE   61,138 0 0
Northern Trust Corporation Com US$1.666 COM 665859104 5,395 55,500 SH   SOLE   55,500 0 0
Occidental Petroleum Corp Com US$0.20 USA (Regd) COM 674599105 5,186 86,622 SH   SOLE   86,622 0 0
OGE Energy Corporation Com US$0.01 COM 670837103 435 12,499 SH   SOLE   12,499 0 0
Old Dominion Freight Line, Inc Com US$0.10 COM 679580100 4,389 46,086 SH   SOLE   46,086 0 0
Omnicom Group Com US$0.15 COM 681919106 916 11,044 SH   SOLE   11,044 0 0
ON Semiconductor US$0.01 COM 682189105 480 34,187 SH   SOLE   34,187 0 0
Oracle Corporation Com US$0.01 COM 68389X105 1,162 23,171 SH   SOLE   23,171 0 0
Pfizer Inc Com US$0.05 COM 717081103 14,804 440,731 SH   SOLE   440,731 0 0
Powershares Variable Rate Preferred Portfolio Fund (ETF) VAR RATE PFD POR 73937B597 774 29,600 SH   SOLE   29,600 0 0
Procter & Gamble Co Com COM 742718109 1,353 15,520 SH   SOLE   15,520 0 0
Progressive Corp Com US$1 COM 761713106 622 14,111 SH   SOLE   14,111 0 0
Reynolds American Com US$0.0001 COM 761713106 62,461 960,345 SH   SOLE   960,345 0 0
S&P Global Inc COM 78409V104 94,198 645,234 SH   SOLE   645,234 0 0
Salesforce.com Inc Com US$0.001 COM 79466L302 27,444 316,907 SH   SOLE   316,907 0 0
Schlumberger Com US$0.01 COM 806857108 1,120 17,013 SH   SOLE   17,013 0 0
Southern Copper Corporation Com US$0.01 COM 84265V105 500 14,446 SH   SOLE   14,446 0 0
SPDR Gold Trust Shares GOLD SHS 78463V107 2,821 23,906 SH   SOLE   23,906 0 0
Steel Dynamics Inc Com US$0.01 COM 858119100 747 20,874 SH   SOLE   20,874 0 0
Sysco Corp Com US$1.00 COM 871829107 646 12,842 SH   SOLE   12,842 0 0
Taiwan Semiconductor Manufacturing ADS Rep 5 Ord TW$10 SPONSORED ADR 874039100 3,075 87,946 SH   SOLE   87,946 0 0
Time Warner Inc Com US$0.01 COM NEW 887317303 1,236 12,307 SH   SOLE   12,307 0 0
TJX Cos Inc Com US$1 COM 872540109 1,124 15,577 SH   SOLE   15,577 0 0
Union Pacific Corporation Com US$2.50 COM 907818108 32,388 297,386 SH   SOLE   297,386 0 0
US Bancorp US$0.01 COM NEW 902973304 54,642 1,052,420 SH   SOLE   1,052,420 0 0
Verizon Communications Com US$0.10 COM 92343V104 13,493 302,123 SH   SOLE   302,123 0 0
Visa Inc Com Stock US$0.0001 COM CL A 92826C839 45,718 487,506 SH   SOLE   487,506 0 0
W R Berkley Corp Com US$0.20 COM 084423102 990 14,317 SH   SOLE   14,317 0 0
Walt Disney Company Disney Com US$0.01 COM DISNEY 254687106 1,580 14,870 SH   SOLE   14,870 0 0
Wells Fargo & Co Com US$1 2/3 COM 949746101 88,282 1,593,256 SH   SOLE   1,593,256 0 0