UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 Williams-Sonoma Incorporated (Name of Issuer) Common Stock, par value $0.01 per share (Title of Class of Securities) 969904101 --------- (CUSIP Number) July 30, 2007 (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [ ] Rule 13d-1(b) [X] Rule 13d-1(c) [ ] Rule 13d-1(d) *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). Page 1 of 5 Pages CUSIP No. 969904101 1 Name of Reporting Person: Taube Hodson Stonex Partners Limited I.R.S. Identification No. of above person (entities only): Not Applicable 2 Check the Appropriate Box if a Member of a Group (See Instructions): (a) [ ] (b) [X] 3 SEC Use Only 4 Citizenship or Place of Organization: England NUMBER OF 5 Sole Voting Power: 5,583,490 shares SHARES BENEFICIALLY 6 Shared Voting Power: -0- OWNED BY EACH 7 Sole Dispositive Power: 5,583,490 shares REPORTING PERSON 8 Shared Dispositive Power: -0- WITH 9 Aggregate Amount Beneficially Owned by Each Reporting Person: 5,583,490 shares 10 Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions): [ ] 11 Percent of Class Represented by Amount in Row (9): 5.05%* 12 Type of Reporting Person: IA *On May 27, 2007 there were 110,631,834 shares of Common Stock outstanding. Page 2 of 5 Pages Item 1. (a) Name of Issuer: Williams-Sonoma Incorporated (b) Address of Issuer's Principal Executive Offices: 3250 Van Ness Avenue San Francisco, CA 94133-1310 Item 2. (a) Name of Person Filing: Taube Hudson Stonex Partners Limited (b) Address of Principal Business Office or, if none, Residence: Cassini House 1st Floor 57-59 St. James's Street London, SW1A 1LD England (c) Citizenship: England (d) Title of Class of Securities: Common Stock, par value $0.01 per share (e) CUSIP Number: 969904101 Item 3. Not Applicable Item 4. Ownership Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1. (a) Amount beneficially owned: 5,583,490 shares (b) Percent of class: 5.05% Page 3 of 5 Pages (c) Number of shares as to which the person has: (i) sole power to vote or to direct the vote: 5,583,490 shares (ii) shared power to vote or to direct the vote: -0- (iii) sole power to dispose or to direct the disposition of: 5,583,490 shares (iv) shared power to dispose or to direct the disposition of: -0- Item 5. Ownership of Five Percent or Less of a Class If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following. |_| Item 6. Ownership of More than Five Percent on Behalf of Another Person Not Applicable. Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company Not Applicable. Item 8. Identification and Classification of Members of the Group Not Applicable. Item 9. Notice of Dissolution of Group Not Applicable. Page 4 of 5 Pages Item 10. Certification By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Date: August 8, 2007 TAUBE HODSON STONEX PARTNERS LIMITED By: /s/ Kim Van Tonder ------------------ Kim Van Tonder - Head of Compliance Page 5 of 5 Pages