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 201 1,054 SH   SOLE   1,054 0 0
Alerian MLP ETF ALERIAN MLP 00162Q866 860 85,780 SH   SOLE   85,780 0 0
Apple Inc COM 037833100 353 1,858 SH   SOLE   1,858 0 0
Automatic Data Processing Inc COM 053015103 436 2,730 SH   SOLE   2,730 0 0
Becton Dickinson and Co COM 075887109 260 1,040 SH   SOLE   1,040 0 0
Berkshire Hathaway Inc CL B NEW 084670702 7,283 36,252 SH   SOLE   36,252 0 0
Blackstone Group LP/The COM UNIT LTD 09253U108 490 14,000 SH   SOLE   14,000 0 0
Citigroup Inc COM NEW 172967424 3,560 57,220 SH   SOLE   57,220 0 0
Colony Capital Inc Note 5.000% 4/1 19624RAA4 2,401 2,540,000 PRN   SOLE   2,540,000 0 0
Comcast Corp CL A 20030N101 7,808 195,300 SH   SOLE   195,300 0 0
Cullen/Frost Bankers Inc COM 229899109 1,200 12,364 SH   SOLE   12,364 0 0
Diffusion Pharmaceuticals Inc COM NEW 253748305 54 14,545 SH   SOLE   14,545 0 0
DowDuPont Inc COM 26078J100 561 10,516 SH   SOLE   10,516 0 0
Eastman Chemical Co COM 277432100 2,298 30,280 SH   SOLE   30,280 0 0
Enterprise Products Partners LP COM 293792107 466 16,000 SH   SOLE   16,000 0 0
Exxon Mobil Corp COM 30231G102 424 5,253 SH   SOLE   5,253 0 0
Fox Corp CL B COM 35137L204 1,134 31,610 SH   SOLE   31,610 0 0
Fox Corp CL A COM 35137L105 1,051 28,620 SH   SOLE   28,620 0 0
GCP Applied Technologies Inc COM 36164Y101 1,561 52,736 SH   SOLE   52,736 0 0
Goldman Sachs Group Inc/The COM 38141G104 6,504 33,879 SH   SOLE   33,879 0 0
Howard Hughes Corp/The COM 44267D107 5,111 46,463 SH   SOLE   46,463 0 0
Huntsman Corp COM 447011107 11,131 494,953 SH   SOLE   494,953 0 0
Johnson & Johnson COM 478160104 280 2,000 SH   SOLE   2,000 0 0
JPMorgan Chase & Co COM 46625H100 234 2,315 SH   SOLE   2,315 0 0
Kearny Financial Corp/MD COM 48716P108 6,749 524,373 SH   SOLE   524,373 0 0
Kinder Morgan Inc/DE COM 49456B101 5,033 251,549 SH   SOLE   251,549 0 0
Liberty Media Corp-Liberty SiriusXM COM C SIRIUSXM 531229409 6,348 166,261 SH   SOLE   166,261 0 0
Liberty Media Corp-Liberty SiriusXM COM A SIRIUSXM 531229607 7,860 205,547 SH   SOLE   205,547 0 0
Lowe's Cos Inc COM 548661107 547 5,000 SH   SOLE   5,000 0 0
Marathon Petroleum Corp COM 56585A102 11,254 188,030 SH   SOLE   188,030 0 0
McDonald's Corp COM 580135101 570 3,000 SH   SOLE   3,000 0 0
Microsoft Corp COM 594918104 1,933 16,386 SH   SOLE   16,386 0 0
New Residential Investment Corp COM NEW 64828T201 2,826 167,122 SH   SOLE   167,122 0 0
Nuveen Floating Rate Income Fund COM SHS 67072T108 154 16,000 SH   SOLE   16,000 0 0
Overstock.com Inc COM 690370101 227 13,660 SH   SOLE   13,660 0 0
PepsiCo Inc COM 713448108 386 3,150 SH   SOLE   3,150 0 0
Pfizer Inc COM 717081103 220 5,175 SH   SOLE   5,175 0 0
Procter & Gamble Co/The COM 742718109 208 2,000 SH   SOLE   2,000 0 0
ViaSat Inc COM 92552V100 212 2,730 SH   SOLE   2,730 0 0
WR Grace & Co COM 38388F108 4,973 63,728 SH   SOLE   63,728 0 0
WSFS Financial Corp COM 929328102 3,266 84,616 SH   SOLE   84,616 0 0