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 847 5,000 SH   SOLE   5,000 0 0
ALPHABET INC CAP STK CL A 02079K305 3,823 3,531 SH   SOLE   3,531 0 0
ALPHABET INC CAP STK CL C 02079K107 3,474 3,214 SH   SOLE   3,214 0 0
AMAZON COM INC COM 023135106 14,297 7,550 SH   SOLE   7,550 0 0
APPLE INC COM 037833100 6,561 33,150 SH   SOLE   33,150 0 0
AT&T INC COM 00206R102 3,602 107,500 SH   SOLE   107,500 0 0
BANCO DE CHILE SPONSORED ADS 059520106 413 13,900 SH   SOLE   13,900 0 0
BANCO MACRO SA SPON ADR B 05961W105 226 3,100 SH   SOLE   3,100 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 3,184 10 SH   SOLE   10 0 0
BLACK STONE MINERALS L P COM UNIT 09225M101 3,757 242,400 SH   SOLE   242,400 0 0
BLACKSTONE GROUP L P COM UNIT LTD 09253u108 1,710 38,500 SH   SOLE   38,500 0 0
BLACKSTONE MTG TR INC COM CL A 09257w100 3,937 110,659 SH   SOLE   110,659 0 0
CHEVRON CORP NEW COM 166764100 498 4,000 SH   SOLE   4,000 0 0
CITRIX SYS INC COM 177376100 1,963 20,000 SH   SOLE   20,000 0 0
COCA COLA CO COM 191216100 306 6,000 SH   SOLE   6,000 0 0
COTY INC COM CL A 222070203 2,079 155,147 SH   SOLE   155,147 0 0
DISNEY WALT CO COM DISNEY 254687106 908 6,500 SH   SOLE   6,500 0 0
DORCHESTER MINERALS LP COM UNIT 25820R105 475 25,965 SH   SOLE   25,965 0 0
ENEL AMERICAS S A SPONSORED ADR 29274F104 186 21,000 SH   SOLE   21,000 0 0
FACEBOOK INC CL A 30303M102 1,351 7,000 SH   SOLE   7,000 0 0
FOMENTO ECONOMICO MEXICANO S SPON ADR UNITS 344419106 551 5,700 SH   SOLE   5,700 0 0
GRUPO FINANCIERO GALICIA S A SPONSORED ADR 399909100 344 9,700 SH   SOLE   9,700 0 0
GRUPO SUPERVIELLE S A SPONSORED ADR 40054A108 440 55,900 SH   SOLE   55,900 0 0
ISHARES GOLD TRUST ISHARES 464285105 6,075 450,000 SH   SOLE   450,000 0 0
ISHARES INC MSCI BRAZIL ETF 464286400 3,589 82,100 SH   SOLE   82,100 0 0
ITAU UNIBANCO HLDG SA SPON ADR REP PFD 465562106 740 78,600 SH   SOLE   78,600 0 0
MICROSOFT CORP COM 594918104 5,706 42,600 SH   SOLE   42,600 0 0
NETFLIX INC COM 64110L106 918 2,500 SH   SOLE   2,500 0 0
NORTHSTAR REALTY EUROPE CORP COM 66706L101 2,253 137,136 SH   SOLE   137,136 0 0
NVIDIA CORP COM 67066G104 2,463 15,000 SH   SOLE   15,000 0 0
RESTAURANT BRANDS INTL INC COM 76131D103 216 3,100 SH   SOLE   3,100 0 0
SIRIUS XM HLDGS INC COM 82968B103 217 38,880 SH   SOLE   38,880 0 0
SPDR GOLD TRUST GOLD SHS 78463V107 6,993 52,500 SH   SOLE   52,500 0 0
SPOTIFY TECHNOLOGY S A SHS L8681T102 629 4,300 SH   SOLE   4,300 0 0
STARBUCKS CORP COM 855244109 419 5,000 SH   SOLE   5,000 0 0
TOOTSIE ROLL INDS INC COM 890516107 724 19,605 SH   SOLE   19,605 0 0
TRANSPORTADORA DE GAS SUR SPONSORED ADS B 893870204 532 36,800 SH   SOLE   36,800 0 0
UBER TECHNOLOGIES INC COM 90353T100 464 10,000 SH   SOLE   10,000 0 0
VORNADO RLTY TR SH BEN INT 929042109 962 15,000 SH   SOLE   15,000 0 0
W P CAREY INC COM 92936U109 4,041 49,777 SH   SOLE   49,777 0 0