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
AMAZON COM INC COM 023135106 2,628 6,055 SH   SOLE 6,055 0 0
AMERICAN INTL GROUP INC COM NEW 026874784 546 8,838 SH   SOLE 8,838 0 0
ASHFORD INC COM 044104107 1,151 13,198 SH   SOLE 13,198 0 0
CALPINE CORP COM NEW 131347304 4,503 250,285 SH   SOLE 250,285 0 0
CARRIZO OIL & GAS INC COM 144577103 2,410 48,959 SH   SOLE 48,959 0 0
CBS CORP NEW CL B 124857202 14,123 254,478 SH   SOLE 254,478 0 0
COLUMBIA PIPELINE PARTNERS L COM UT REPSTG 198281107 10,740 426,180 SH   SOLE 426,180 0 0
CONE MIDSTREAM PARTNERS LP COM UNIT REPST 206812109 737 41,622 SH   SOLE 41,622 0 0
DORCHESTER MINERALS LP COM UNIT 25820R105 2,170 101,440 SH   SOLE 101,440 0 0
ENERGY TRANSFER EQUITY L P COM UT LTD PTN 29273V100 1,597 6,900 SH Call SOLE 6,900 0 0
ENERGY TRANSFER EQUITY L P COM UT LTD PTN 29273V100 41,325 644,000 SH   SOLE 644,000 0 0
ENLINK MIDSTREAM LLC COM UNIT REP LTD 29336T100 6,554 210,818 SH   SOLE 210,818 0 0
EXPRESS SCRIPTS HLDG CO COM 30219G108 6,693 75,255 SH   SOLE 75,255 0 0
EXPRESS SCRIPTS HLDG CO COM 30219G108 1,762 19,217 SH Call SOLE 19,217 0 0
GOOGLE INC CL A 38259P508 3,121 5,780 SH   SOLE 5,780 0 0
GOOGLE INC CL C 38259P706 4,063 7,805 SH   SOLE 7,805 0 0
GRAY TELEVISION INC COM 389375106 22,458 1,432,287 SH   SOLE 1,432,287 0 0
HEMISPHERE MEDIA GROUP INC CL A 42365Q103 7,231 607,644 SH   SOLE 607,644 0 0
HOEGH LNG PARTNERS LP COM UNIT LTD Y3262R100 11,012 576,526 SH   SOLE 576,526 0 0
JP ENERGY PARTNERS LP UNT REPST LTD 46643C109 3,753 288,667 SH   SOLE 288,667 0 0
LPL FINL HLDGS INC COM 50212V100 8,844 190,243 SH   SOLE 190,243 0 0
MASTERCARD INC CL A 57636Q104 5,703 61,003 SH   SOLE 61,003 0 0
MIX TELEMATICS LTD SPONSORED ADR 60688N102 1,854 237,986 SH   SOLE 237,986 0 0
NISOURCE INC COM 65473P105 11,787 258,550 SH   SOLE 258,550 0 0
NISOURCE INC COM 65473P105 55,320 1,188,970 SH Call SOLE 1,188,970 0 0
PENNTEX MIDSTREAM PARTNERS L COM UNIT LTD 709311104 13,375 689,809 SH   SOLE 689,809 0 0
SANCHEZ ENERGY CORP COM 79970Y105 119 12,190 SH   SOLE 12,190 0 0
SUNOCO LP COM U REP LP 86765K109 1,117 24,664 SH   SOLE 24,664 0 0
TARGA RES CORP COM 87612G101 205 2,300 SH Call SOLE 2,300 0 0
TRANSOCEAN PARTNERS LLC COM UNIT RP LT Y8977Y100 5,640 407,799 SH   SOLE 407,799 0 0
TWENTY FIRST CENTY FOX INC CL A 90130A101 15,390 472,918 SH   SOLE 472,918 0 0
VISA INC COM CL A 92826C839 2,532 37,690 SH   SOLE 37,690 0 0
WILLIAMS COS INC DEL COM 969457100 18,447 321,433 SH   SOLE 321,433 0 0
WILLIAMS COS INC DEL COM 969457100 52,062 877,058 SH Call SOLE 877,058 0 0
YAHOO INC COM 984332106 4,857 123,626 SH   SOLE 123,626 0 0