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
AMERICAN INTL GROUP INC COM NEW 026874784 18,591 300,000 SH   SOLE 300,000 0 0
APPLE INC COM 037833100 9,431 89,598 SH   SOLE 89,598 0 0
BLACK STONE MINERALS L P COM UNIT 09225M101 5,927 410,783 SH   SOLE 410,783 0 0
CARLYLE GROUP L P COM UTS LTD PTN 14309L102 11,272 721,697 SH   SOLE 721,697 0 0
CISCO SYS INC COM 17275R102 12,264 451,645 SH   SOLE 451,645 0 0
CORNING INC COM 219350105 5,484 300,000 SH   SOLE 300,000 0 0
DISCOVERY COMMUNICATNS NEW COM SER C 25470F302 9,679 383,800 SH   SOLE 383,800 0 0
E M C CORP MASS COM 268648102 10,264 399,716 SH   SOLE 399,716 0 0
EOG RES INC COM 26875P101 4,045 57,150 SH   SOLE 57,150 0 0
EXXON MOBIL CORP COM 30231G102 5,698 73,100 SH   SOLE 73,100 0 0
GENERAL ELECTRIC CO COM 369604103 17,316 555,918 SH   SOLE 555,918 0 0
INTEL CORP COM 458140100 24,889 722,488 SH   SOLE 722,488 0 0
MICROSOFT CORP COM 594918104 2,496 45,000 SH   SOLE 45,000 0 0
NOVARTIS A G SPONSORED ADR 66987V109 9,034 105,000 SH   SOLE 105,000 0 0
OAKTREE CAP GROUP LLC UNIT CL A 674001201 31,783 666,039 SH   SOLE 666,039 0 0
OCCIDENTAL PETE CORP DEL COM 674599105 4,692 69,400 SH   SOLE 69,400 0 0
PHILIP MORRIS INTL INC COM 718172109 13,942 158,600 SH   SOLE 158,600 0 0
PROCTER & GAMBLE CO COM 742718109 8,747 110,160 SH   SOLE 110,160 0 0
ROYAL DUTCH SHELL PLC SPON ADR B 780259107 20,008 434,591 SH   SOLE 434,591 0 0
SOUTHWEST AIRLS CO COM 844741108 8,224 191,000 SH   SOLE 191,000 0 0
STAPLES INC COM 855030102 11,322 1,195,632 SH   SOLE 1,195,632 0 0
SYNCHRONY FINL COM 87165B103 999 32,866 SH   SOLE 32,866 0 0
TOTAL S A SPONSORED ADR 89151E109 2,710 60,300 SH   SOLE 60,300 0 0
TOYOTA MOTOR CORP SP ADR REP2COM 892331307 5,539 45,018 SH   SOLE 45,018 0 0