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
Abbott Laboratories Com COM 002824100 4,543 54,298 SH   SOLE   54,298 0 0
AbbVie Inc COM 00287Y109 809 10,678 SH   SOLE   10,678 0 0
Aberdeen Standard Physical Gold Shares ETF PHYSCL SWISS GLD 00326A104 6,760 47,620 SH   SOLE   47,620 0 0
Activision Blizzard Inc Com US$0.000001 COM 00507V109 6,206 117,272 SH   SOLE   117,272 0 0
Advanced Micro Devices COM 007903107 3,334 114,995 SH   SOLE   114,995 0 0
Aflac Inc Com US$0.10 COM 001055102 564 10,778 SH   SOLE   10,778 0 0
Alibaba Group Holdings Ltd Sponsored ADR SPONSORED ADS 01609W102 14,208 84,960 SH   SOLE   84,960 0 0
Amazon.com Inc Com US$0.01 COM 023135106 127,440 73,414 SH   SOLE   73,414 0 0
American Express Co Com US$0.20 COM 025816109 71,711 606,278 SH   SOLE   606,278 0 0
American Tower Corporation Com US$0.01 COM 03027X100 92,199 416,947 SH   SOLE   416,947 0 0
Apple Inc Com COM 037833100 74,017 330,476 SH   SOLE   330,476 0 0
AT&T Inc Com US$1.00 COM 00206R102 58,046 1,533,989 SH   SOLE   1,533,989 0 0
Becton Dickinson Com US$1 COM 075887109 127,166 502,711 SH   SOLE   502,711 0 0
Berkshire Hathaway 'B' Com US$0.1667 CL B NEW 084670702 63,252 304,066 SH   SOLE   304,066 0 0
Biogen Inc Com US$0.0005 COM 09062X103 44,519 191,217 SH   SOLE   191,217 0 0
British American Tobacco Ord 25p ADR SPONSORED ADR 110448107 14,312 387,857 SH   SOLE   387,857 0 0
Cadiz Inc Com US$0.01 COM NEW 127537207 1,306 104,600 SH   SOLE   104,600 0 0
Centerpoint Energy Com COM 15189T107 1,002 33,187 SH   SOLE   33,187 0 0
Chevron Corporation Com US$0.75 COM 166764100 85,367 719,786 SH   SOLE   719,786 0 0
Chubb Ltd Ord CHF24.15 COM H1467J104 4,487 27,794 SH   SOLE   27,794 0 0
Church & Dwight Com US$1 COM 171340102 2,182 28,999 SH   SOLE   28,999 0 0
Cisco Systems Com US$0.001 COM 17275R102 1,302 26,360 SH   SOLE   26,360 0 0
Cognizant Tech Solutions Com CL A 192446102 710 11,776 SH   SOLE   11,776 0 0
Colgate-Palmolive Co Com US$1.00 COM 194162103 3,249 44,201 SH   SOLE   44,201 0 0
eBay Inc Com US$0.001 COM 278642103 717 18,400 SH   SOLE   18,400 0 0
Eli Lilly & Co Com COM 532457108 1,198 10,716 SH   SOLE   10,716 0 0
Encana Corp Com NPV COM 292505104 229 49,734 SH   SOLE   49,734 0 0
EOG Resources Inc COM 26875P101 1,964 26,465 SH   SOLE   26,465 0 0
Eversource Energy COM 30040W108 948 11,092 SH   SOLE   11,092 0 0
Exxon Mobil Corporation Com COM 30231G102 6,082 86,138 SH   SOLE   86,138 0 0
Facebook Inc Com CL A 30303M102 1,860 10,444 SH   SOLE   10,444 0 0
Helmerich & Payne Inc Com US$0.10 COM 423452101 444 11,085 SH   SOLE   11,085 0 0
Home Depot Inc Com US$0.05 COM 437076102 118,151 509,228 SH   SOLE   509,228 0 0
Honeywell International Inc Com US$1.00 COM 438516106 99,318 586,988 SH   SOLE   586,988 0 0
Illumina Incorporated Com US$0.01 COM 452327109 48,325 158,848 SH   SOLE   158,848 0 0
Infosys Ltd ADR Each Rep 1 Ord Shares SPONSORED ADR 456788108 4,810 423,015 SH   SOLE   423,015 0 0
International Paper Co Com US$1.00 COM 460146103 645 15,412 SH   SOLE   15,412 0 0
Intuit Inc Com US$0.01 COM 461202103 77,348 290,846 SH   SOLE   290,846 0 0
Johnson & Johnson Com US$1.00 COM 478160104 2,011 15,545 SH   SOLE   15,545 0 0
JP Morgan Chase Com US$1 (US quote) COM 46625H100 119,117 1,012,122 SH   SOLE   1,012,122 0 0
Kinder Morgan Inc COM 49456B101 599 29,057 SH   SOLE   29,057 0 0
Kraft Heinz Co Com US$0.01 COM 500754106 532 19,040 SH   SOLE   19,040 0 0
L3 Harris Technologies Com US$1.00 COM 502431109 6,753 32,365 SH   SOLE   32,365 0 0
LivaNova plc SHS G5509L101 6,938 94,030 SH   SOLE   94,030 0 0
Lockheed Martin Corp Com US$1.00 COM 539830109 94,087 241,212 SH   SOLE   241,212 0 0
Marsh & McLennan Cos Inc Com US$1.00 COM 571748102 41,494 414,735 SH   SOLE   414,735 0 0
Medtronic Plc US$0.0001 SHS G5960L103 5,407 49,781 SH   SOLE   49,781 0 0
Merck & Co Inc Com US$0.50 COM 58933Y105 1,367 16,240 SH   SOLE   16,240 0 0
Micron Technology COM 595112103 660 15,406 SH   SOLE   15,406 0 0
Microsoft Corporation Com US$0.00000625 COM 594918104 165,134 1,187,759 SH   SOLE   1,187,759 0 0
New York Times Company Class 'A' Com US$0.10 CL A 650111107 618 21,692 SH   SOLE   21,692 0 0
Occidental Petroleum Corp Com US$0.20 USA (Regd) COM 674599105 3,851 86,601 SH   SOLE   86,601 0 0
OGE Energy Corporation Com US$0.01 COM 670837103 935 20,599 SH   SOLE   20,599 0 0
ON Semiconductor US$0.01 COM 682189105 764 39,760 SH   SOLE   39,760 0 0
Paccar Inc US$1 COM 693718108 835 11,920 SH   SOLE   11,920 0 0
Pfizer Inc Com US$0.05 COM 717081103 4,209 117,156 SH   SOLE   117,156 0 0
Philip Morris International Com COM 718172109 936 12,333 SH   SOLE   12,333 0 0
Procter & Gamble Co Com COM 742718109 6,635 53,348 SH   SOLE   53,348 0 0
Progressive Corp Com US$1 COM 743315103 1,098 14,208 SH   SOLE   14,208 0 0
Quanta Services, Inc COM 74762E102 5,460 144,450 SH   SOLE   144,450 0 0
S&P Global Inc COM 78409V104 9,435 38,514 SH   SOLE   38,514 0 0
Salesforce.com Inc Com US$0.001 COM 79466L302 95,441 642,961 SH   SOLE   642,961 0 0
Schlumberger Com US$0.01 COM 806857108 693 20,273 SH   SOLE   20,273 0 0
Southern Copper Corporation Com US$0.01 COM 84265V105 437 12,802 SH   SOLE   12,802 0 0
SPDR Gold Trust Shares GOLD SHS 78463V107 5,211 37,521 SH   SOLE   37,521 0 0
Steel Dynamics Inc Com US$0.01 COM 858119100 676 22,680 SH   SOLE   22,680 0 0
Taiwan Semiconductor Manufacturing ADS Rep 5 Ord TW$10 SPONSORED ADS 874039100 1,747 37,596 SH   SOLE   37,596 0 0
TJX Cos Inc Com US$1 COM 872540109 1,203 21,579 SH   SOLE   21,579 0 0
Tyson Foods Incorporated Class 'A' Com US$0.10 CL A 902494103 870 10,098 SH   SOLE   10,098 0 0
Union Pacific Corporation Com US$2.50 COM 907818108 105,547 651,605 SH   SOLE   651,605 0 0
US Bancorp US$0.01 COM NEW 902973304 844 15,252 SH   SOLE   15,252 0 0
Verizon Communications Com US$0.10 COM 92343V104 6,130 101,554 SH   SOLE   101,554 0 0
Visa Inc Com Stock US$0.0001 COM CL A 92826C839 84,804 493,017 SH   SOLE   493,017 0 0
W R Berkley Corp Com US$0.20 COM 084423102 776 10,740 SH   SOLE   10,740 0 0
Walt Disney Company Disney Com US$0.01 COM DISNEY 254687106 2,289 17,562 SH   SOLE   17,562 0 0
Wells Fargo & Co Com US$1 2/3 COM 949746101 1,347 26,698 SH   SOLE   26,698 0 0