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
Estimated average burden
hours per response: 23.8
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
ACTIVISION BLIZZARD INC COM 00507V109 363 15,000 SH   SOLE   15,000 0 0
ALIBABA GROUP HLDG LTD SPONSORED ADS 01609W102 494 6,000 SH   SOLE   6,000 0 0
ALPS ETF TR C&S GLOBL ETF 00162Q106 2,159 59,000 SH   SOLE   59,000 0 0
AMAZON COM INC COM 023135106 3,907 9,000 SH   SOLE   9,000 0 0
APPLE INC COM 037833100 7,381 58,850 SH   SOLE   58,850 0 0
BERKSHIRE HATHAWAY INC DEL CL A 084670108 2,049 10 SH   SOLE   10 0 0
BLACKBERRY LTD COM 09228F103 82 10,000 SH   SOLE   10,000 0 0
BLACKSTONE GROUP L P COM UNIT LTD 09253U108 5,007 122,500 SH   SOLE   122,500 0 0
BLACKSTONE MTG TR INC COM CL A 09257w100 278 10,000 SH   SOLE   10,000 0 0
CABLEVISION SYS CORP CL A NY CABLVS 12686C109 1,436 60,000 SH   SOLE   60,000 0 0
CARROLS RESTAURANT GROUP INC COM 14574X104 1,289 123,959 SH   SOLE   123,959 0 0
CELGENE CORP COM 151020104 231 2,000 SH   SOLE   2,000 0 0
CHATHAM LODGING TR COM 16208T102 662 25,000 SH   SOLE   25,000 0 0
CIVEO CORP COM 178787107 169 55,000 SH   SOLE   55,000 0 0
DORCHESTER MINERALS LP COM UNIT 25820R105 2,867 134,013 SH   SOLE   134,013 0 0
EBAY INC COM 278642103 1,205 20,000 SH   SOLE   20,000 0 0
FACEBOOK INC CL A 30303M102 7,547 88,000 SH   SOLE   88,000 0 0
FORD MTR CO DEL COM PAR $0.01 345370860 1,126 75,000 SH   SOLE   75,000 0 0
GOLDEN OCEAN GROUP LTD SHS G39637106 377 98,000 SH   SOLE   98,000 0 0
GOOGLE INC CL A 38259P508 1,512 2,800 SH   SOLE   2,800 0 0
GOOGLE INC CL C 38259P706 1,460 2,805 SH   SOLE   2,805 0 0
ISHARES TR NASDQ BIOTEC ETF 464287556 2,029 5,500 SH   SOLE   5,500 0 0
LIBERTY GLOBAL PLC SHS CL A G5480U104 6,083 112,500 SH   SOLE   112,500 0 0
MUELLER INDS INC COM 624756102 1,138 125,000 SH   SOLE   125,000 0 0
OVERSEAS SHIPHOLDING GROUP I COM CL B 69036R400 1,134 323,888 SH   SOLE   323,888 0 0
PENNEY J C INC COM 708160106 102 12,000 SH   SOLE   12,000 0 0
PLAINS ALL AMERN PIPELINE L UNIT LTD PARTN 726503105 2,079 47,721 SH   SOLE   47,721 0 0
PROSHARES TR PSHS ULT S&P 500 74347R107 3,872 60,000 SH   SOLE   60,000 0 0
PROSHARES TR ULTRA 20YR TRE 74347R172 4,357 87,500 SH   SOLE   87,500 0 0
SCHLUMBERGER LTD COM 806857108 1,293 15,000 SH   SOLE   15,000 0 0
SELECT SECTOR SPDR TR SBI HEALTHCARE 81369Y209 2,232 30,000 SH   SOLE   30,000 0 0
SPDR GOLD TRUST GOLD SHS 78463V107 5,899 52,500 SH   SOLE   52,500 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 7,925 38,500 SH   SOLE   38,500 0 0
SPDR SERIES TRUST S&P BIOTECH 78464A870 1,387 5,500 SH   SOLE   5,500 0 0
T MOBILE US INC COM 872590104 775 20,000 SH   SOLE   20,000 0 0
TOOTSIE ROLL INDS INC COM 890516107 563 17,423 SH   SOLE   17,423 0 0
VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF 922042858 4,129 101,000 SH   SOLE   101,000 0 0
VANGUARD INTL EQUITY INDEX F FTSE PACIFIC ETF 922042866 7,507 123,000 SH   SOLE   123,000 0 0
VANGUARD TAX MANAGED INTL FD FTSE DEV MKT ETF 921943858 4,599 116,000 SH   SOLE   116,000 0 0
W P CAREY INC COM 92936U109 5,739 97,377 SH   SOLE   97,377 0 0
WEATHERFORD INTL PLC ORD SHS G48833100 810 66,000 SH   SOLE   66,000 0 0
WHITEWAVE FOODS CO COM 966244105 733 15,000 SH   SOLE   15,000 0 0
WISDOMTREE TR EUROPE HEDGED EQ 97717x701 8,623 140,000 SH   SOLE   140,000 0 0