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 937 10,541 SH   SOLE   10,541 0 0
Activision Blizzard Inc Com US$0.000001 COM 00507V109 38,662 599,320 SH   SOLE   599,320 0 0
Alphabet Inc US$0.001 'A' CAP STK CL A 02079K305 97,508 100,140 SH   SOLE   100,140 0 0
Alphabet Inc US$0.001 'C' CAP STK CL C 02079K107 34,438 35,906 SH   SOLE   35,906 0 0
Amazon.com Inc Com US$0.01 COM 023135106 82,076 85,376 SH   SOLE   85,376 0 0
American Express Co Com US$0.20 COM 025816109 2,377 26,275 SH   SOLE   26,275 0 0
American Tower Corporation Com US$0.01 COM 03027X100 6,714 49,124 SH   SOLE   49,124 0 0
Ametek Inc Com US$0.01 COM 031100100 811 12,288 SH   SOLE   12,288 0 0
Apple Inc Com COM 037833100 114,988 746,092 SH   SOLE   746,092 0 0
Baidu Inc ADS Each Repr 0.10 Ord Class 'A' Share SPON ADR REP A 056752108 92,447 373,238 SH   SOLE   373,238 0 0
Becton Dickinson Com US$1 COM 075887109 77,716 396,612 SH   SOLE   396,612 0 0
Berkshire Hathaway 'B' Com US$0.1667 CL B NEW 084670702 61,193 333,802 SH   SOLE   333,802 0 0
Biogen Inc Com US$0.0005 COM 09062X103 85,357 272,602 SH   SOLE   272,602 0 0
Blueprint Medicines Corp COM 09627Y109 871 12,500 SH   SOLE   12,500 0 0
British American Tobacco Ord 25p ADR SPONSORED ADR 110448107 27,858 446,085 SH   SOLE   446,085 0 0
Cadiz Inc Com US$0.01 COM NEW 127537207 2,063 162,404 SH   SOLE   162,404 0 0
CDW Corporation Com US$0.01 COM 12514G108 828 12,540 SH   SOLE   12,540 0 0
Centerpoint Energy Com COM 15189T107 739 25,303 SH   SOLE   25,303 0 0
Church & Dwight Com US$1 COM 171340102 3,380 69,764 SH   SOLE   69,764 0 0
Cisco Systems Com US$0.001 COM 17275R102 939 27,907 SH   SOLE   27,907 0 0
Colgate-Palmolive Co Com US$1.00 COM 194162103 12,868 176,638 SH   SOLE   176,638 0 0
Comcast Corp Com Class 'A' US$1.00 CL A 20030N101 1,448 37,619 SH   SOLE   37,619 0 0
Convergys Corp Com COM 212485106 478 18,473 SH   SOLE   18,473 0 0
Corning Inc Com US$0.50 COM 219350105 760 25,417 SH   SOLE   25,417 0 0
eBay Inc Com US$0.001 COM 278642103 805 20,929 SH   SOLE   20,929 0 0
EOG Resources Inc COM 26875P101 76,291 788,621 SH   SOLE   788,621 0 0
ETFS Physical Swiss Gold (NUK) Shares US$ SHS 26922Y105 5,480 44,190 SH   SOLE   44,190 0 0
Exxon Mobil Corporation Com COM 30231G102 7,581 92,472 SH   SOLE   92,472 0 0
Facebook Inc Com CL A 30303M102 7,881 46,120 SH   SOLE   46,120 0 0
General Electric Co of America Com US$0.06 COM 369604103 3,353 138,657 SH   SOLE   138,657 0 0
Gilead Sciences Com US$0.001 COM 375558103 853 10,525 SH   SOLE   10,525 0 0
Goodyear Tire & Rubber Co Com COM 382550101 563 16,920 SH   SOLE   16,920 0 0
Honeywell International Inc Com US$1.00 COM 438516106 71,036 501,173 SH   SOLE   501,173 0 0
International Paper Co Com US$1.00 COM 460146103 676 11,889 SH   SOLE   11,889 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 2,025 15,575 SH   SOLE   15,575 0 0
JP Morgan Chase Com US$1 (US quote) COM 46625H100 3,517 36,822 SH   SOLE   36,822 0 0
Kinder Morgan Inc COM 49456B101 438 22,817 SH   SOLE   22,817 0 0
Korea Electric Power Corporation ADR SPON Each Rep 0.5 Com COM 50063B104 10,338 616,846 SH   SOLE   616,846 0 0
Kraft Heinz Foods Co. FRN Due 10/08/2022 $2K/1K COM 500754106 708 705,000 SH   SOLE   705,000 0 0
LivaNova plc Ord SHS G5509L101 7,848 112,020 SH   SOLE   112,020 0 0
Lockheed Martin Corp Com US$1.00 COM 539830109 97,283 313,524 SH   SOLE   313,524 0 0
Marsh & McLennan Cos Inc Com US$1.00 COM 571748102 40,383 481,844 SH   SOLE   481,844 0 0
Mastercard Inc US$0.0001 Class 'A' CL A 57636Q104 1,422 10,070 SH   SOLE   10,070 0 0
Merck & Co Inc Com US$0.50 COM 58933Y105 1,040 16,240 SH   SOLE   16,240 0 0
Microsoft Corporation Com US$0.0000125 COM 594918104 106,660 1,431,874 SH   SOLE   1,431,874 0 0
Mondelez Intl Inc Com US$0.01 CL A 609207105 696 17,106 SH   SOLE   17,106 0 0
Mylan NV SHS EURO N59465109 323 10,309 SH   SOLE   10,309 0 0
Netease Inc. ADR Rep. 24 Com SPONSORED ADR 64110W102 15,802 59,898 SH   SOLE   59,898 0 0
Occidental Petroleum Corp Com US$0.20 USA (Regd) COM 674599105 5,568 86,718 SH   SOLE   86,718 0 0
OGE Energy Corporation Com US$0.01 COM 670837103 593 16,455 SH   SOLE   16,455 0 0
Old Dominion Freight Line, Inc Com US$0.10 COM 679580100 1,318 11,969 SH   SOLE   11,969 0 0
ON Semiconductor US$0.01 COM 682189105 788 42,689 SH   SOLE   42,689 0 0
Oracle Corporation Com US$0.01 COM 68389X105 1,133 23,425 SH   SOLE   23,425 0 0
Owens-Illinois, Inc COM NEW 690768403 254 10,076 SH   SOLE   10,076 0 0
Pfizer Inc Com US$0.05 COM 717081103 7,229 202,501 SH   SOLE   202,501 0 0
Philip Morris International Com COM 718172109 1,830 16,489 SH   SOLE   16,489 0 0
Powershares Variable Rate Preferred Portfolio Fund (ETF) VAR RATE PFD POR 73937B597 771 29,600 SH   SOLE   29,600 0 0
Procter & Gamble Co Com COM 742718109 1,412 15,520 SH   SOLE   15,520 0 0
Progressive Corp Com US$1 COM 761713106 691 14,265 SH   SOLE   14,265 0 0
Quanta Services, Inc COM 74762E102 415 11,114 SH   SOLE   11,114 0 0
S&P Global Inc COM 78409V104 103,782 663,952 SH   SOLE   663,952 0 0
Salesforce.com Inc Com US$0.001 COM 79466L302 31,656 338,862 SH   SOLE   338,862 0 0
Schlumberger Com US$0.01 COM 806857108 1,192 17,092 SH   SOLE   17,092 0 0
Southern Copper Corporation Com US$0.01 COM 84265V105 581 14,604 SH   SOLE   14,604 0 0
SPDR Gold Trust Shares GOLD SHS 78463V107 3,000 24,676 SH   SOLE   24,676 0 0
Steel Dynamics Inc Com US$0.01 COM 858119100 727 21,103 SH   SOLE   21,103 0 0
Sysco Corp Com US$1.00 COM 871829107 638 11,826 SH   SOLE   11,826 0 0
Taiwan Semiconductor Manufacturing ADS Rep 5 Ord TW$10 SPONSORED ADR 874039100 1,889 50,310 SH   SOLE   50,310 0 0
Texas Roadhouse Inc. COM 882681109 514 10,462 SH   SOLE   10,462 0 0
Time Warner Inc Com US$0.01 COM NEW 887317303 1,272 12,417 SH   SOLE   12,417 0 0
TJX Cos Inc Com US$1 COM 872540109 1,106 14,998 SH   SOLE   14,998 0 0
Union Pacific Corporation Com US$2.50 COM 907818108 29,518 254,530 SH   SOLE   254,530 0 0
US Bancorp US$0.01 COM NEW 902973304 74,365 1,387,657 SH   SOLE   1,387,657 0 0
Verizon Communications Com US$0.10 COM 92343V104 13,365 270,063 SH   SOLE   270,063 0 0
Visa Inc Com Stock US$0.0001 COM CL A 92826C839 72,452 688,445 SH   SOLE   688,445 0 0
Walt Disney Company Disney Com US$0.01 COM DISNEY 254687106 1,424 14,450 SH   SOLE   14,450 0 0
Wells Fargo & Co Com US$1 2/3 COM 949746101 39,066 708,367 SH   SOLE   708,367 0 0