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
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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
Air Products & Chemicals Inc COM 009158106 239 1,054 SH   SOLE   1,054 0 0
Alerian MLP ETF ALERIAN MLP 00162Q866 813 82,500 SH   SOLE   82,500 0 0
Apple Inc COM 037833100 368 1,858 SH   SOLE   1,858 0 0
Automatic Data Processing Inc COM 053015103 451 2,730 SH   SOLE   2,730 0 0
Becton Dickinson and Co COM 075887109 262 1,040 SH   SOLE   1,040 0 0
Berkshire Hathaway Inc CL B NEW 084670702 7,551 35,424 SH   SOLE   35,424 0 0
Blackstone Group LP/The COM UNIT LTD 09253U108 622 14,000 SH   SOLE   14,000 0 0
Citigroup Inc COM NEW 172967424 5,677 81,070 SH   SOLE   81,070 0 0
Colony Capital Inc Note 5.000% 4/1 19624RAA4 2,328 2,490,000 PRN   SOLE   2,490,000 0 0
Comcast Corp CL A 20030N101 8,065 190,750 SH   SOLE   190,750 0 0
Cullen/Frost Bankers Inc COM 229899109 1,158 12,364 SH   SOLE   12,364 0 0
Diffusion Pharmaceuticals Inc COM NEW 253748305 41 14,545 SH   SOLE   14,545 0 0
Eastman Chemical Co COM 277432100 2,328 29,910 SH   SOLE   29,910 0 0
Enterprise Products Partners LP COM 293792107 462 16,000 SH   SOLE   16,000 0 0
Exxon Mobil Corp COM 30231G102 403 5,253 SH   SOLE   5,253 0 0
Fox Corp CL B COM 35137L204 1,140 31,220 SH   SOLE   31,220 0 0
Fox Corp CL B COM 35137L105 1,035 28,240 SH   SOLE   28,240 0 0
GCP Applied Technologies Inc COM 36164Y101 1,179 52,086 SH   SOLE   52,086 0 0
Goldman Sachs Group Inc/The COM 38141G104 6,846 33,459 SH   SOLE   33,459 0 0
Howard Hughes Corp/The COM 44267D107 5,562 44,913 SH   SOLE   44,913 0 0
Huntsman Corp COM 447011107 9,827 480,788 SH   SOLE   480,788 0 0
Johnson & Johnson COM 478160104 279 2,000 SH   SOLE   2,000 0 0
JPMorgan Chase & Co COM 46625H100 259 2,315 SH   SOLE   2,315 0 0
Kearny Financial Corp/MD COM 48716P108 6,893 518,643 SH   SOLE   518,643 0 0
Kinder Morgan Inc/DE COM 49456B101 5,161 247,169 SH   SOLE   247,169 0 0
Liberty Media Corp-Liberty SiriusXM COM C SIRIUSXM 531229409 6,199 163,952 SH   SOLE   163,952 0 0
Liberty Media Corp-Liberty SiriusXM COM C SIRIUSXM 531229607 7,693 202,549 SH   SOLE   202,549 0 0
Lowe's Cos Inc COM 548661107 505 5,000 SH   SOLE   5,000 0 0
Marathon Petroleum Corp COM 56585A102 10,297 184,275 SH   SOLE   184,275 0 0
McDonald's Corp COM 580135101 623 3,000 SH   SOLE   3,000 0 0
Microsoft Corp COM 594918104 2,046 15,270 SH   SOLE   15,270 0 0
New Residential Investment Corp COM NEW 64828T201 2,501 162,522 SH   SOLE   162,522 0 0
Nuveen Floating Rate Income Fund COM SHS 67072T108 99 10,000 SH   SOLE   10,000 0 0
Overstock.com Inc COM 690370101 171 12,610 SH   SOLE   12,610 0 0
PepsiCo Inc COM 713448108 413 3,150 SH   SOLE   3,150 0 0
Pfizer Inc COM 717081103 223 5,155 SH   SOLE   5,155 0 0
Procter & Gamble Co/The COM 742718109 219 2,000 SH   SOLE   2,000 0 0
ViaSat Inc COM 92552V100 221 2,730 SH   SOLE   2,730 0 0
WR Grace & Co COM 38388F108 4,786 62,878 SH   SOLE   62,878 0 0
WSFS Financial Corp COM 929328102 3,482 84,300 SH   SOLE   84,300 0 0