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 15,134 280,000 SH   SOLE 280,000 0 0
APPLE INC COM 037833100 9,765 89,598 SH   SOLE 89,598 0 0
BLACK STONE MINERALS L P COM UNIT 09225M101 6,543 467,083 SH   SOLE 467,083 0 0
CALIFORNIA RES CORP COM 13057Q107 8 8,011 SH   SOLE 8,011 0 0
CARLYLE GROUP L P COM UTS LTD PTN 14309L102 11,559 684,797 SH   SOLE 684,797 0 0
CHUBB LIMITED COM H1467J104 4,766 40,000 SH   SOLE 40,000 0 0
CISCO SYS INC COM 17275R102 11,577 406,645 SH   SOLE 406,645 0 0
CONOCOPHILLIPS COM 20825C104 1,409 35,000 SH   SOLE 35,000 0 0
CORNING INC COM 219350105 5,953 285,000 SH   SOLE 285,000 0 0
DISCOVERY COMMUNICATNS NEW COM SER C 25470F302 10,362 383,800 SH   SOLE 383,800 0 0
E M C CORP MASS COM 268648102 10,652 399,716 SH   SOLE 399,716 0 0
EOG RES INC COM 26875P101 6,106 84,128 SH   SOLE 84,128 0 0
EXXON MOBIL CORP COM 30231G102 8,297 99,260 SH   SOLE 99,260 0 0
FRANKS INTL N V COM N33462107 965 58,600 SH   SOLE 58,600 0 0
GENERAL ELECTRIC CO COM 369604103 17,672 555,918 SH   SOLE 555,918 0 0
INTEL CORP COM 458140100 19,557 604,549 SH   SOLE 604,549 0 0
MICROSOFT CORP COM 594918104 2,485 45,000 SH   SOLE 45,000 0 0
NOVARTIS A G SPONSORED ADR 66987V109 7,606 105,000 SH   SOLE 105,000 0 0
OAKTREE CAP GROUP LLC UNIT CL A 674001201 28,790 583,639 SH   SOLE 583,639 0 0
OCCIDENTAL PETE CORP DEL COM 674599105 5,856 85,580 SH   SOLE 85,580 0 0
PHILIP MORRIS INTL INC COM 718172109 15,560 158,600 SH   SOLE 158,600 0 0
PROCTER & GAMBLE CO COM 742718109 9,067 110,160 SH   SOLE 110,160 0 0
ROYAL DUTCH SHELL PLC SPON ADR B 780259107 21,013 427,191 SH   SOLE 427,191 0 0
SOUTHWEST AIRLS CO COM 844741108 8,556 191,000 SH   SOLE 191,000 0 0
SPDR GOLD TRUST GOLD SHS 78463V107 1,176 10,000 SH   SOLE 10,000 0 0
SPDR GOLD TRUST GOLD SHS 78463V107 474 450 SH Call SOLE 450 0 0
STAPLES INC COM 855030102 12,526 1,135,632 SH   SOLE 1,135,632 0 0
SYNCHRONY FINL COM 87165B103 941 32,866 SH   SOLE 32,866 0 0
TOTAL S A SPONSORED ADR 89151E109 2,738 60,300 SH   SOLE 60,300 0 0
TOYOTA MOTOR CORP SP ADR REP2COM 892331307 5,317 50,018 SH   SOLE 50,018 0 0