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
ALPHABET INC CAP STK CL A 02079K305 4,312 3,531 SH   SOLE   3,531 0 0
ALPHABET INC CAP STK CL C 02079K107 3,918 3,214 SH   SOLE   3,214 0 0
AMAZON COM INC COM 023135106 13,107 7,550 SH   SOLE   7,550 0 0
APPLE INC COM 037833100 7,424 33,150 SH   SOLE   33,150 0 0
AT&T INC COM 00206R102 5,960 157,500 SH   SOLE   157,500 0 0
BANCO DE CHILE SPONSORED ADS 059520106 256 9,100 SH   SOLE   9,100 0 0
BANCOLOMBIA S A SPON ADR PREF 05968L102 316 6,400 SH   SOLE   6,400 0 0
BERKSHIRE HATHAWAY INC DEL CL A 084670108 3,118 10 SH   SOLE   10 0 0
BLACK STONE MINERALS L P COM UNIT 09225M101 2,170 152,400 SH   SOLE   152,400 0 0
BLACKSTONE MTG TR INC COM CL A 09257w100 3,967 110,659 SH   SOLE   110,659 0 0
CHEVRON CORP NEW COM 166764100 474 4,000 SH   SOLE   4,000 0 0
CITRIX SYS INC COM 177376100 483 5,000 SH   SOLE   5,000 0 0
COCA COLA CO COM 191216100 327 6,000 SH   SOLE   6,000 0 0
DISNEY WALT CO COM DISNEY 254687106 847 6,500 SH   SOLE   6,500 0 0
DORCHESTER MINERALS LP COM UNIT 25820R105 484 25,965 SH   SOLE   25,965 0 0
ENEL AMERICAS S A SPONSORED ADR 29274F104 128 14,000 SH   SOLE   14,000 0 0
FACEBOOK INC CL A 30303M102 623 3,500 SH   SOLE   3,500 0 0
FOMENTO ECONOMICO MEXICANO S SPON ADR UNITS 344419106 339 3,700 SH   SOLE   3,700 0 0
GRUPO SUPERVIELLE S A SPONSORED ADR 40054A108 81 25,100 SH   SOLE   25,100 0 0
ISHARES GOLD TRUST ISHARES 464285105 9,165 650,000 SH   SOLE   650,000 0 0
ISHARES INC MSCI BRAZIL ETF 464286400 834 19,800 SH   SOLE   19,800 0 0
ITAU UNIBANCO HLDG SA SPON ADR REP PFD 465562106 661 78,600 SH   SOLE   78,600 0 0
MICROSOFT CORP COM 594918104 5,923 42,600 SH   SOLE   42,600 0 0
NETFLIX INC COM 64110L106 669 2,500 SH   SOLE   2,500 0 0
NIELSEN HLDGS PLC SHS EUR G6518L108 2,975 140,000 SH   SOLE   140,000 0 0
RESTAURANT BRANDS INTL INC COM 76131D103 221 3,100 SH   SOLE   3,100 0 0
SIRIUS XM HLDGS INC COM 82968B103 243 38,880 SH   SOLE   38,880 0 0
SPDR GOLD TRUST GOLD SHS 78463V107 7,291 52,500 SH   SOLE   52,500 0 0
SPOTIFY TECHNOLOGY S A SHS L8681T102 342 3,000 SH   SOLE   3,000 0 0
SYMANTEC CORP COM 871503108 1,182 50,000 SH   SOLE   50,000 0 0
TOOTSIE ROLL INDS INC COM 890516107 728 19,605 SH   SOLE   19,605 0 0
TRANSPORTADORA DE GAS SUR SPONSORED ADS B 893870204 139 16,400 SH   SOLE   16,400 0 0
W P CAREY INC COM 92936U109 3,515 39,277 SH   SOLE   39,277 0 0