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
ALIBABA GROUP HLDG LTD SPONSORED ADS 01609W102 912 5,000 SH   SOLE   5,000 0 0
ALPHABET INC CAP STK CL A 02079K305 3,901 3,315 SH   SOLE   3,315 0 0
ALPHABET INC CAP STK CL C 02079K107 3,508 2,990 SH   SOLE   2,990 0 0
AMAZON COM INC COM 023135106 13,445 7,550 SH   SOLE   7,550 0 0
APPLE INC COM 037833100 6,924 36,450 SH   SOLE   36,450 0 0
AT&T INC COM 00206R102 1,176 37,500 SH   SOLE   37,500 0 0
BANCO DE CHILE SPONSORED ADS 059520106 409 13,900 SH   SOLE   13,900 0 0
BANCOLOMBIA S A SPON ADR PREF 05968L102 490 9,600 SH   SOLE   9,600 0 0
BERKSHIRE HATHAWAY INC DEL CL A 084670108 3,012 10 SH   SOLE   10 0 0
BLACK STONE MINERALS L P COM UNIT 09225M101 6,412 363,498 SH   SOLE   363,498 0 0
BLACKSTONE GROUP L P COM UNIT LTD 09253u108 1,390 39,750 SH   SOLE   39,750 0 0
BLACKSTONE MTG TR INC COM CL A 09257w100 3,824 110,659 SH   SOLE   110,659 0 0
BOEING CO COM 097023105 5,721 15,000 SH   SOLE   15,000 0 0
CHEVRON CORP NEW COM 166764100 493 4,000 SH   SOLE   4,000 0 0
COCA COLA CO COM 191216100 281 6,000 SH   SOLE   6,000 0 0
DISNEY WALT CO COM DISNEY 254687106 836 7,529 SH   SOLE   7,529 0 0
DORCHESTER MINERALS LP COM UNIT 25820R105 474 25,965 SH   SOLE   25,965 0 0
ENEL AMERICAS S A SPONSORED ADR 29274F104 188 21,000 SH   SOLE   21,000 0 0
FACEBOOK INC CL A 30303M102 600 3,600 SH   SOLE   3,600 0 0
FOMENTO ECONOMICO MEXICANO S SPON ADR UNITS 344419106 526 5,700 SH   SOLE   5,700 0 0
GRUPO FINANCIERO GALICIA S A SPONSORED ADR 399909100 248 9,700 SH   SOLE   9,700 0 0
GRUPO SUPERVIELLE S A SPONSORED ADR 40054A108 340 55,900 SH   SOLE   55,900 0 0
INTL PAPER CO COM 460146103 213 4,600 SH   SOLE   4,600 0 0
ISHARES GOLD TRUST ISHARES 464285105 4,952 400,000 SH   SOLE   400,000 0 0
ISHARES INC MSCI BRAZIL ETF 464286400 3,365 82,100 SH   SOLE   82,100 0 0
ITAU UNIBANCO HLDG SA SPON ADR REP PFD 465562106 692 78,600 SH   SOLE   78,600 0 0
MICROSOFT CORP COM 594918104 8,315 70,500 SH   SOLE   70,500 0 0
NETFLIX INC COM 64110L106 1,070 3,000 SH   SOLE   3,000 0 0
NORTHSTAR REALTY EUROPE CORP COM 66706L101 5,153 296,836 SH   SOLE   296,836 0 0
NVIDIA CORP COM 67066G104 269 1,500 SH   SOLE   1,500 0 0
RESTAURANT BRANDS INTL INC COM 76131D103 202 3,100 SH   SOLE   3,100 0 0
SIRIUS XM HLDGS INC COM 82968B103 220 38,880 SH   SOLE   38,880 0 0
SPDR GOLD TRUST GOLD SHS 78463V107 6,406 52,500 SH   SOLE   52,500 0 0
SPOTIFY TECHNOLOGY S A SHS L8681T102 843 6,075 SH   SOLE   6,075 0 0
TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADS 874039100 819 20,000 SH   SOLE   20,000 0 0
TOOTSIE ROLL INDS INC COM 890516107 709 19,035 SH   SOLE   19,035 0 0
TRANSPORTADORA DE GAS SUR SPONSORED ADS B 893870204 484 36,800 SH   SOLE   36,800 0 0
VORNADO RLTY TR SH BEN INT 929042109 2,824 41,875 SH   SOLE   41,875 0 0
W P CAREY INC COM 92936U109 3,899 49,777 SH   SOLE   49,777 0 0