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
ADOBE INC COM 00724F101 2,506 7,875 SH   SOLE   7,875 0 0
ADVANCED MICRO DEVICES INC COM 007903107 716 15,750 SH   SOLE   15,750 0 0
ALCOA CORP COM 013872106 1 100 SH   SOLE   100 0 0
ALPHABET INC CAP STK CL A 02079K305 988 850 SH   SOLE   850 0 0
ALTICE USA INC CL A 02156K103 3,298 147,963 SH   SOLE   147,963 0 0
AMAZON COM INC COM 023135106 2,353 1,207 SH   SOLE   1,207 0 0
AMBAC FINL GROUP INC COM NEW 023139884 7,045 570,931 SH   SOLE   570,931 0 0
AMERICA MOVIL SAB DE CV SPON ADR L SHS 02364W105 637 54,076 SH   SOLE   54,076 0 0
AMERICAN INTL GROUP INC COM NEW 026874784 5 100 SH   SOLE   100 0 0
AMERICAN TOWER CORP NEW COM 03027X100 4,095 18,809 SH   SOLE   18,809 0 0
AON PLC SHS CL A G0408V102 1,048 6,349 SH   SOLE   6,349 0 0
APPLE INC COM 037833100 1,336 5,252 SH   SOLE   5,252 0 0
APPLIED MATLS INC COM 038222105 69 1,515 SH   SOLE   1,515 0 0
AT&T INC COM 00206R102 3,187 109,322 SH   SOLE   109,322 0 0
BANCO DE CHILE SPONSORED ADS 059520106 45 2,801 SH   SOLE   2,801 0 0
BEYOND MEAT INC COM 08862E109 154 2,310 SH   SOLE   2,310 0 0
BGC PARTNERS INC CL A 05541T101 8,486 3,367,300 SH   SOLE   3,367,300 0 0
BLACKROCK FLA MUN 2020 TERM COM SHS 09250M109 1,476 102,279 SH   SOLE   102,279 0 0
CADENCE DESIGN SYSTEM INC COM 127387108 84 1,266 SH   SOLE   1,266 0 0
CANADIAN NATL RY CO COM 136375102 5 70 SH   SOLE   70 0 0
CHARTER COMMUNICATIONS INC N CL A 16119P108 2,619 6,002 SH   SOLE   6,002 0 0
CISCO SYS INC COM 17275R102 7 183 SH   SOLE   183 0 0
CIT GROUP INC COM NEW 125581801 3,718 215,400 SH   SOLE   215,400 0 0
CITIGROUP INC COM NEW 172967424 417 9,900 SH   SOLE   9,900 0 0
COCA COLA CO COM 191216100 487 11,014 SH   SOLE   11,014 0 0
COCA COLA EUROPEAN PARTNERS SHS G25839104 229 6,098 SH   SOLE   6,098 0 0
COSTCO WHSL CORP NEW COM 22160K105 1,570 5,507 SH   SOLE   5,507 0 0
CROWN CASTLE INTL CORP NEW COM 22822V101 3,304 22,881 SH   SOLE   22,881 0 0
DIAMOND S SHIPPING INC COM Y20676105 1,206 102,144 SH   SOLE   102,144 0 0
DISCOVER FINL SVCS COM 254709108 18 250 SH   SOLE   250 0 0
ECOLAB INC COM 278865100 245 1,575 SH   SOLE   1,575 0 0
EURONAV NV ANTWERPEN SHS B38564108 2,087 185,000 SH   SOLE   185,000 0 0
FIDELITY NATL INFORMATION SV COM 31620M106 535 4,400 SH   SOLE   4,400 0 0
FIRST BANCORP P R COM NEW 318672706 9,861 1,853,574 SH   SOLE   1,853,574 0 0
FLEX LNG LTD SHS G35947202 1,337 261,646 SH   SOLE   261,646 0 0
FORTRESS TRANS INFRST INVS L COM REP LTD LIAB 34960P101 3,951 476,516 SH   SOLE   476,516 0 0
GLOBAL PMTS INC COM 37940X102 87 300 SH   SOLE   300 0 0
GOLAR LNG LTD SHS G9456A100 1,799 228,259 SH   SOLE   228,259 0 0
GOLDEN OCEAN GROUP LTD SHS NEW G39637205 1,021 322,128 SH   SOLE   322,128 0 0
HOME DEPOT INC COM 437076102 196 1,050 SH   SOLE   1,050 0 0
INTEL CORP COM 458140100 293 5,412 SH   SOLE   5,412 0 0
INTERCONTINENTAL EXCHANGE IN COM 45866F104 1,084 13,426 SH   SOLE   13,426 0 0
INTERPUBLIC GROUP COS INC COM 460690100 4,998 308,681 SH   SOLE   308,681 0 0
ISHARES INC CORE MSCI EMKT 46434G103 3,116 77,000 SH   SOLE   77,000 0 0
ISHARES INC MSCI TAIWAN ETF 46434G772 495 15,000 SH   SOLE   15,000 0 0
ISHARES TR MSCI CHINA ETF 46429B671 573 10,000 SH   SOLE   10,000 0 0
ITAU UNIBANCO HLDG S A SPON ADR REP PFD 465562106 4 400 SH   SOLE   400 0 0
KIMBERLY CLARK CORP COM 494368103 1,083 8,467 SH   SOLE   8,467 0 0
KRANESHARES TR CSI CHI INTERNET 500767306 475 10,500 SH   SOLE   10,500 0 0
LAM RESEARCH CORP COM 512807108 26 108 SH   SOLE   108 0 0
LOCKHEED MARTIN CORP COM 539830109 34 100 SH   SOLE   100 0 0
LUCKIN COFFEE INC SPONSORED ADS 54951L109 86 3,150 SH   SOLE   3,150 0 0
MARVELL TECHNOLOGY GROUP LTD ORD G5876H105 27 1,210 SH   SOLE   1,210 0 0
MICRON TECHNOLOGY INC COM 595112103 32 754 SH   SOLE   754 0 0
MICROSOFT CORP COM 594918104 4,610 29,234 SH   SOLE   29,234 0 0
MKS INSTRS INC COM 55306N104 14 168 SH   SOLE   168 0 0
MVC CAPITAL INC COM 553829102 1,046 239,358 SH   SOLE   239,358 0 0
NAVIENT CORPORATION COM 63938C108 3,391 447,300 SH   SOLE   447,300 0 0
NEW ORIENTAL ED & TECH GRP I SPON ADR 647581107 154 1,427 SH   SOLE   1,427 0 0
NVIDIA CORP COM 67066G104 876 3,323 SH   SOLE   3,323 0 0
OFG BANCORP COM 67103X102 7,152 639,700 SH   SOLE   639,700 0 0
PAYPAL HLDGS INC COM 70450Y103 4,707 28,630 SH   SOLE   28,630 0 0
PEPSICO INC COM 713448108 1,323 11,013 SH   SOLE   11,013 0 0
POPULAR INC COM NEW 733174700 10,343 295,500 SH   SOLE   295,500 0 0
PROCTER & GAMBLE CO COM 742718109 2,619 23,810 SH   SOLE   23,810 0 0
PROGRESSIVE CORP OHIO COM 743315103 6,314 42,753 SH   SOLE   42,753 0 0
RENAISSANCERE HOLDINGS LTD COM G7496G103 3,189 10,678 SH   SOLE   10,678 0 0
SALESFORCE COM INC COM 79466L302 998 6,930 SH   SOLE   6,930 0 0
SCORPIO TANKERS INC SHS Y7542C130 2,103 110,000 SH   SOLE   110,000 0 0
SEAGATE TECHNOLOGY PLC SHS G7945M107 55 1,123 SH   SOLE   1,123 0 0
SERVICENOW INC COM 81762P102 459 1,600 SH   SOLE   1,600 0 0
SHAW COMMUNICATIONS INC CL B CONV 82028K200 5,199 320,901 SH   SOLE   320,901 0 0
SPDR SER TR S&P OILGAS EXP 78468R556 689 1,022,100 SH Call SOLE   10,221 0 0
SPLUNK INC COM 848637104 331 2,625 SH   SOLE   2,625 0 0
STAR BULK CARRIERS CORP. SHS PAR Y8162K204 3,267 516,050 SH   SOLE   516,050 0 0
SYNOPSYS INC COM 871607107 54 416 SH   SOLE   416 0 0
T MOBILE US INC COM 872590104 3,008 35,852 SH   SOLE   35,852 0 0
TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADS 874039100 515 10,779 SH   SOLE   10,779 0 0
TELUS CORPORATION COM 87971M103 8,379 530,694 SH   SOLE   530,694 0 0
TIM PARTICIPACOES S A SPONSORED ADR 88706P205 2,659 218,662 SH   SOLE   218,662 0 0
UNILEVER N V N Y SHS NEW 904784709 6,404 131,250 SH   SOLE   131,250 0 0
VODAFONE GROUP PLC NEW SPONSORED ADR 92857W308 7,861 570,898 SH   SOLE   570,898 0 0
VOYA FINANCIAL INC COM 929089100 24 300 SH   SOLE   300 0 0
WALMART INC COM 931142103 1,126 9,912 SH   SOLE   9,912 0 0