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 234 1,054 SH   SOLE   1,054 0 0
Alerian MLP ETF ALERIAN MLP 00162Q866 679 74,320 SH   SOLE   74,320 0 0
Apple Inc COM 037833100 416 1,858 SH   SOLE   1,858 0 0
Automatic Data Processing Inc COM 053015103 441 2,730 SH   SOLE   2,730 0 0
Becton Dickinson and Co COM 075887109 263 1,040 SH   SOLE   1,040 0 0
Berkshire Hathaway Inc CL B NEW 084670702 7,049 33,884 SH   SOLE   33,884 0 0
Blackstone Group LP/The COM UNIT LTD 09253U108 684 14,000 SH   SOLE   14,000 0 0
Citigroup Inc COM NEW 172967424 5,428 78,580 SH   SOLE   78,580 0 0
Colony Capital Inc Note 5.000% 4/1 19624RAA4 1,709 1,740,000 PRN   SOLE   1,740,000 0 0
Comcast Corp CL A 20030N101 8,270 183,450 SH   SOLE   183,450 0 0
Cullen/Frost Bankers Inc COM 229899109 1,095 12,364 SH   SOLE   12,364 0 0
Diffusion Pharmaceuticals Inc COM NEW 253748305 27 14,545 SH   SOLE   14,545 0 0
Enterprise Products Partners LP COM 293792107 457 16,000 SH   SOLE   16,000 0 0
Exxon Mobil Corp COM 30231G102 371 5,253 SH   SOLE   5,253 0 0
Fox Corp CL B COM 35137L204 640 20,295 SH   SOLE   20,295 0 0
Fox Corp CL B COM 35137L105 548 17,370 SH   SOLE   17,370 0 0
GCP Applied Technologies Inc COM 36164Y101 1,001 51,981 SH   SOLE   51,981 0 0
Goldman Sachs Group Inc/The COM 38141G104 6,751 32,579 SH   SOLE   32,579 0 0
Howard Hughes Corp/The COM 44267D107 5,392 41,608 SH   SOLE   41,608 0 0
Huntsman Corp COM 447011107 10,815 464,976 SH   SOLE   464,976 0 0
Johnson & Johnson COM 478160104 259 2,000 SH   SOLE   2,000 0 0
JPMorgan Chase & Co COM 46625H100 272 2,315 SH   SOLE   2,315 0 0
Kearny Financial Corp/MD COM 48716P108 6,515 499,643 SH   SOLE   499,643 0 0
Kinder Morgan Inc/DE COM 49456B101 4,916 238,518 SH   SOLE   238,518 0 0
Liberty Media Corp-Liberty SiriusXM COM C SIRIUSXM 531229409 6,298 151,503 SH   SOLE   151,503 0 0
Liberty Media Corp-Liberty SiriusXM COM C SIRIUSXM 531229607 7,831 186,621 SH   SOLE   186,621 0 0
Lowe's Cos Inc COM 548661107 550 5,000 SH   SOLE   5,000 0 0
Marathon Petroleum Corp COM 56585A102 10,886 179,196 SH   SOLE   179,196 0 0
Marathon Petroleum Corp CALL 56585a902 3,949 65,000 SH Call SOLE   65,000 0 0
McDonald's Corp COM 580135101 644 3,000 SH   SOLE   3,000 0 0
Microsoft Corp COM 594918104 1,600 11,510 SH   SOLE   11,510 0 0
New Residential Investment Corp COM NEW 64828T201 2,449 156,182 SH   SOLE   156,182 0 0
Nuveen Floating Rate Income Fund COM SHS 67072T108 97 10,000 SH   SOLE   10,000 0 0
PepsiCo Inc COM 713448108 432 3,150 SH   SOLE   3,150 0 0
Procter & Gamble Co/The COM 742718109 249 2,000 SH   SOLE   2,000 0 0
ViaSat Inc COM 92552V100 206 2,730 SH   SOLE   2,730 0 0
WR Grace & Co COM 38388F108 4,197 62,865 SH   SOLE   62,865 0 0
WSFS Financial Corp COM 929328102 3,621 82,116 SH   SOLE   82,116 0 0