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

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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
ALPHABET INC CAP STK CL A 02079K305 3,297 4,100 SH   SOLE 4,100 0 0
ALPHABET INC CAP STK CL C 02079K107 3,502 4,505 SH   SOLE 4,505 0 0
ALPS ETF TR ALERIAN MLP 00162Q866 190 15,000 SH   SOLE 15,000 0 0
AMAZON COM INC COM 023135106 8,373 10,000 SH   SOLE 10,000 0 0
APPLE INC COM 037833100 7,343 64,950 SH   SOLE 64,950 0 0
AT&T INC COM 00206R102 406 10,000 SH   SOLE 10,000 0 0
BERKSHIRE HATHAWAY INC DEL CL A 084670108 2,162 10 SH   SOLE 10 0 0
BIOGEN INC COM 09062X103 939 3,000 SH   SOLE 3,000 0 0
BLACK STONE MINERALS L P COM UNIT 09225M101 4,408 247,498 SH   SOLE 247,498 0 0
BLACKBERRY LTD COM 09228F103 80 10,000 SH   SOLE 10,000 0 0
BLACKSTONE GROUP L P COM UNIT LTD 09253u108 2,553 100,000 SH   SOLE 100,000 0 0
BLACKSTONE MTG TR INC COM CL A 09257w100 3,849 130,694 SH   SOLE 130,694 0 0
CALLAWAY GOLF CO COM 131193104 1,161 100,000 SH   SOLE 100,000 0 0
CARROLS RESTAURANT GROUP INC COM 14574X104 1,532 115,959 SH   SOLE 115,959 0 0
CELGENE CORP COM 151020104 209 2,000 SH   SOLE 2,000 0 0
CHEVRON CORP NEW COM 166764100 412 4,000 SH   SOLE 4,000 0 0
DIANA SHIPPING INC COM Y2066G104 328 125,000 SH   SOLE 125,000 0 0
DORCHESTER MINERALS LP COM UNIT 25820R105 409 26,567 SH   SOLE 26,567 0 0
FACEBOOK INC CL A 30303M102 5,644 44,000 SH   SOLE 44,000 0 0
FIESTA RESTAURANT GROUP INC COM 31660B101 264 11,000 SH   SOLE 11,000 0 0
GOLDEN OCEAN GROUP LTD SHS NEW G39637205 1,687 416,449 SH   SOLE 416,449 0 0
MALLINCKRODT PUB LTD CO SHS G5785G107 977 14,000 SH   SOLE 14,000 0 0
MYLAN N V SHS EURO N59465109 820 21,500 SH   SOLE 21,500 0 0
NETFLIX INC COM 64110L106 345 3,500 SH   SOLE 3,500 0 0
NIKE INC CL B 654106103 1,053 20,000 SH   SOLE 20,000 0 0
OVERSEAS SHIPHOLDING GROUP I CL A NEW 69036R863 3,384 320,156 SH   SOLE 320,156 0 0
PANDORA MEDIA INC COM 698354107 143 10,000 SH   SOLE 10,000 0 0
PENNEY J C INC COM 708160106 111 12,000 SH   SOLE 12,000 0 0
SHIRE PLC SPONSORED ADR 82481R106 853 4,400 SH   SOLE 4,400 0 0
SPDR GOLD TRUST GOLD SHS 78463V107 6,596 52,500 SH   SOLE 52,500 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 7,571 35,000 SH   SOLE 35,000 0 0
SPDR SERIES TRUST S&P BIOTECH 78464A870 265 4,000 SH   SOLE 4,000 0 0
TESLA MTRS INC COM 88160R101 204 1,000 SH   SOLE 1,000 0 0
TOOTSIE ROLL INDS INC COM 890516107 661 17,945 SH   SOLE 17,945 0 0
VANGUARD INTL EQUITY INDEX F FTSE EUROPE ETF 922042874 1,218 25,000 SH   SOLE 25,000 0 0
VANGUARD TAX MANAGED INTL FD FTSE DEV MKT ETF 921943858 786 21,000 SH   SOLE 21,000 0 0
W P CAREY INC COM 92936U109 6,284 97,377 SH   SOLE 97,377 0 0