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
BOARDWALK PIPELINE PARTNERS LP UT LTD PARTNER Stock 096627104 814 46,900 SH   SOLE 0 46,900 0 0
JOHNSON & JOHNSON COM Stock 478160104 318 2,764 SH   SOLE 0 2,764 0 0
GCP APPLIED TECHNOLOGIES INC COM Stock 36164Y101 1,711 63,961 SH   SOLE 0 63,961 0 0
GOLDMAN SACHS GROUP INC COM Stock 38141G104 8,915 37,230 SH   SOLE 0 37,230 0 0
LIBERTY MEDIA CORP DELAWARE COM A SIRIUSXM Stock 531229409 7,584 219,693 SH   SOLE 0 219,693 0 0
LIBERTY MEDIA CORP DELAWARE COM C SIRIUSXM Stock 531229607 7,000 206,365 SH   SOLE 0 206,365 0 0
ENTERPRISE PRODS PARTNERS L P COM Stock 293792107 1,341 49,596 SH   SOLE 0 49,596 0 0
COMMERCEHUB INC COM SER A Stock 20084V108 335 22,321 SH   SOLE 0 22,321 0 0
COMMERCEHUB INC COM SER C Stock 20084V306 3,887 258,632 SH   SOLE 0 258,632 0 0
ILLINOIS TOOL WKS INC COM Stock 452308109 362 2,956 SH   SOLE 0 2,956 0 0
LIBERTY EXPEDIA HOLDINGS SER A COM Stock 53046P109 8,932 225,147 SH   SOLE 0 225,147 0 0
PEPSICO INC COM Stock 713448108 330 3,150 SH   SOLE 0 3,150 0 0
AUTOMATIC DATA PROCESSING INC COM Stock 053015103 409 3,984 SH   SOLE 0 3,984 0 0
COLONY CAP INC CL A REIT 19624R106 7,626 376,595 SH   SOLE 0 376,595 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW Stock 084670702 949 5,822 SH   SOLE 0 5,822 0 0
MICROSOFT CORP COM Stock 594918104 1,489 23,965 SH   SOLE 0 23,965 0 0
ALERIAN MLP ETF ETF 00162Q866 5,836 463,200 SH   SOLE 0 463,200 0 0
HUNTSMAN CORP COM Stock 447011107 10,745 563,140 SH   SOLE 0 563,140 0 0
ENERGY TRANSFER PRTNRS L P UNIT LTD PARTN Stock 29273R109 1,076 30,060 SH   SOLE 0 30,060 0 0
HOWARD HUGHES CORP COM Stock 44267D107 6,765 59,293 SH   SOLE 0 59,293 0 0
KEARNY FINL CORP MD COM Stock 48716P108 10,943 703,713 SH   SOLE 0 703,713 0 0
AMERICAN INTL GROUP INC WT EXP 011921 Stock 026874156 9,426 401,805 SH   SOLE 0 401,805 0 0
MARATHON PETE CORP COM Stock 56585A102 9,259 183,894 SH   SOLE 0 183,894 0 0
OAKTREE CAP GROUP LLC UNIT CL A Stock 674001201 265 7,075 SH   SOLE 0 7,075 0 0
LIBERTY INTERACTIVE CORP LBT VEN COM A NE Stock 53071M856 10,164 275,680 SH   SOLE 0 275,680 0 0
MPLX LP COM UNIT REP LTD Stock 55336V100 701 20,239 SH   SOLE 0 20,239 0 0
KINDER MORGAN INC DEL COM Stock 49456B101 591 28,528 SH   SOLE 0 28,528 0 0
NUVEEN FLOATING RATE INCOME FD COM CEF 67072T108 268 23,000 SH   SOLE 0 23,000 0 0
PBF ENERGY INC CL A Stock 69318G106 1,710 61,323 SH   SOLE 0 61,323 0 0
BLACKSTONE GROUP L P COM UNIT LTD Stock 09253U108 378 14,000 SH   SOLE 0 14,000 0 0
COLONY CAP INC 5 04/15/2023 Convertible 19624RAA4 9,017 8,840,000 SH   SOLE 0 8,840,000 0 0
CULLEN FROST BANKERS INC COM Stock 229899109 1,091 12,364 SH   SOLE 0 12,364 0 0
MCDONALDS CORP COM Stock 580135101 365 3,000 SH   SOLE 0 3,000 0 0
LEVEL 3 COMMUNICATIONS INC COM NEW Stock 52729N308 3,270 58,020 SH   SOLE 0 58,020 0 0
NEW RESIDENTIAL INVT CORP COM NEW REIT 64828T201 6,074 386,385 SH   SOLE 0 386,385 0 0
AT&T INC COM Stock 00206R102 247 5,817 SH   SOLE 0 5,817 0 0
JPMORGAN CHASE & CO COM Stock 46625H100 216 2,501 SH   SOLE 0 2,501 0 0
CHEVRON CORP NEW COM Stock 166764100 229 1,948 SH   SOLE 0 1,948 0 0
INTERNATIONAL BUSINESS MACHS COM Stock 459200101 415 2,502 SH   SOLE 0 2,502 0 0
CATERPILLAR INC DEL COM Stock 149123101 2,953 31,839 SH   SOLE 0 31,839 0 0
WILLIAMS PARTNERS L P NEW COM UNIT LTD PAR Stock 96949L105 1,902 50,000 SH   SOLE 0 50,000 0 0
BENEFICIAL BANCORP INC COM Stock 08171T102 5,992 325,630 SH   SOLE 0 325,630 0 0
GRACE W R & CO DEL NEW COM Stock 38388F108 5,933 87,711 SH   SOLE 0 87,711 0 0
COLONY NORTHSTAR INC CL A COM REIT 66705Y104 4,612 309,140 SH   SOLE 0 309,140 0 0
FIDELITY NATIONAL FINANCIAL IN FNF GROUP COM Stock 31620R303 2,439 71,830 SH   SOLE 0 71,830 0 0
DOW CHEM CO COM Stock 260543103 587 10,250 SH   SOLE 0 10,250 0 0
CITIGROUP INC COM NEW Stock 172967424 149 2,500 SH   SOLE 0 2,500 0 0
CITIGROUP INC COM NEW Stock 172967424 2,972 50,000 SH Call SOLE 0 50,000 0 0
EXXON MOBIL CORP COM Stock 30231G102 474 5,253 SH   SOLE 0 5,253 0 0
LOWES COS INC COM Stock 548661107 356 5,000 SH   SOLE 0 5,000 0 0