# EDGAR Filing Document

**Accession Number:** 0001483864
**File Stem:** 0000935836-25-000484
**Filing Date:** 2025-8
**Character Count:** 10474
**Document Hash:** 6c1a2e76dd395a03048c9da176f2a5c5
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000935836-25-000484.hdr.sgml**: 20250808

**ACCESSION NUMBER**: 0000935836-25-000484

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250808

**DATE AS OF CHANGE**: 20250808

**EFFECTIVENESS DATE**: 20250808

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** JBF Capital, Inc.
- **CENTRAL INDEX KEY:** 0001483864

**ORGANIZATION NAME:**
- **EIN:** 134259470
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-13723
- **FILM NUMBER:** 251198177

**BUSINESS ADDRESS:**
- **STREET 1:** 306 WEST FRANCIS STREET
- **CITY:** ASPEN
- **STATE:** CO
- **ZIP:** 81611
- **BUSINESS PHONE:** 970-319-8251

**MAIL ADDRESS:**
- **STREET 1:** 306 WEST FRANCIS STREET
- **CITY:** ASPEN
- **STATE:** CO
- **ZIP:** 81611

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 06-30-2025

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** JBF Capital Inc.<br>**Address:** 306 West Francis Street<br>Aspen, CO 81611

**Form 13F File Number:** 028-13723

**CRD Number (if applicable):** 000131277

**SEC File Number (if applicable):** 801-73999

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** John B. Fullerton<br>**Title:** President<br>**Phone:** 970-920-1145

**Signature, Place, and Date of Signing:**

/s/ John B. Fullerton  Aspen, CO  08-08-2025<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 0

**Form 13F Information Table Entry Total:** 70

**Form 13F Information Table Value Total:** $627621823

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

**NONE**

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| AERCAP HOLDINGS NV | SHS | N00985106 |  | 2515500 | 21500 | SH |  | OTR |  | 0 | 21500 | 0 |
| AKOYA BIOSCIENCES INC | COM | 00974H104 |  | 155360 | 119508 | SH |  | OTR |  | 0 | 119508 | 0 |
| ALPHABET INC. | CAP STK CL A | 02079K305 |  | 4053290 | 23000 | SH |  | SOLE |  | 23000 | 0 | 0 |
| AMAZON.COM INC | COM | 023135106 |  | 59674080 | 272000 | SH |  | SOLE |  | 272000 | 0 | 0 |
| AMERIPRISE FINANCIAL INC | COM | 03076C106 |  | 280208 | 525 | SH |  | OTR |  | 0 | 525 | 0 |
| BANCO BILBAO VIZCAYA ARGENTA | SPONSORED ADR | 05946K101 |  | 745445 | 48500 | SH |  | OTR |  | 0 | 48500 | 0 |
| BIOHAVEN LTD | COM | G1110E107 |  | 185546 | 13150 | SH |  | OTR |  | 0 | 13150 | 0 |
| BREAD FINANCIAL HOLDINGS INC | COM | 018581108 |  | 285600 | 5000 | SH |  | OTR |  | 0 | 5000 | 0 |
| BROADCOM INC. CMN | COM | 11135F101 |  | 4961700 | 18000 | SH |  | SOLE |  | 18000 | 0 | 0 |
| CAPITAL ONE FINANCIAL CORP | COM | 14040H105 |  | 851040 | 4000 | SH |  | OTR |  | 0 | 4000 | 0 |
| CERAGON NETWORKS LTD | ORD | M22013102 |  | 89687 | 36458 | SH |  | SOLE |  | 36458 | 0 | 0 |
| CRH PLC | ORD | G25508105 |  | 1377000 | 15000 | SH |  | SOLE |  | 15000 | 0 | 0 |
| CROWDSTRIKE HOLDINGS INC. | CL A | 22788C105 |  | 4857289 | 9537 | SH |  | SOLE |  | 9537 | 0 | 0 |
| DELL TECHNOLOGIES INC. | CL C | 24703L202 |  | 3678000 | 30000 | SH |  | SOLE |  | 30000 | 0 | 0 |
| DIAMOND HILL INVESTMENT GROUP INC | COM NEW | 25264R207 |  | 2236030 | 15388 | SH |  | SOLE |  | 15388 | 0 | 0 |
| DMC GLOBAL INC | COM | 23291C103 |  | 161200 | 20000 | SH |  | OTR |  | 0 | 20000 | 0 |
| ECOPETROL SA | SPONSORED ADS | 279158109 |  | 177000 | 20000 | SH |  | OTR |  | 0 | 20000 | 0 |
| ENERGY TRANSFER LP | COM UT LTD PTN | 29273V100 |  | 543900 | 30000 | SH |  | SOLE |  | 30000 | 0 | 0 |
| FORESTAR GROUP INC | COM | 346232101 |  | 200000 | 10000 | SH |  | OTR |  | 0 | 10000 | 0 |
| GARRETT MOTION INC | COM | 366505105 |  | 1869319 | 177861 | SH |  | OTR |  | 0 | 177861 | 0 |
| GENERAL MOTORS CO | COM | 37045V100 |  | 246050 | 5000 | SH |  | OTR |  | 0 | 5000 | 0 |
| GEOPARK LTD | USD SHS | G38327105 |  | 97800 | 15000 | SH |  | OTR |  | 0 | 15000 | 0 |
| GREEN BRICK PARTNERS INC. | COM | 392709101 |  | 27449006 | 436530 | SH |  | SOLE |  | 436530 | 0 | 0 |
| GSK PLC | SPONSORED ADR | 37733W204 |  | 51500 | 200 | SH | Call | SOLE |  | 200 | 0 | 0 |
| GSK PLC | SPONSORED ADR | 37733W204 |  | 3840000 | 100000 | SH |  | SOLE |  | 100000 | 0 | 0 |
| HP INC. | COM | 40434L105 |  | 370 | 10 | SH | Call | SOLE |  | 10 | 0 | 0 |
| HP INC. | COM | 40434L105 |  | 28048 | 190 | SH | Call | SOLE |  | 190 | 0 | 0 |
| ICAD INC | COM NEW | 44934S206 |  | 685800 | 180000 | SH |  | OTR |  | 0 | 180000 | 0 |
| INHIBRX BIOSCIENCES INC | COM | 45720N103 |  | 298942 | 20949 | SH |  | OTR |  | 0 | 20949 | 0 |
| INVESCO QQQ TRUST | UNIT SER 1 | 46090E103 |  | 25375440 | 46000 | SH |  | SOLE |  | 46000 | 0 | 0 |
| ISHARES BITCOIN TRUST ETF | SHS BEN INT | 46438F101 |  | 5325270 | 87000 | SH |  | SOLE |  | 87000 | 0 | 0 |
| ISHARES TR | INTERNATIONAL SL | 46434V266 |  | 2183216 | 56312 | SH |  | SOLE |  | 56312 | 0 | 0 |
| ISHARES TR | MSCI INTL VLU FT | 46435G409 |  | 1973400 | 60000 | SH |  | SOLE |  | 60000 | 0 | 0 |
| JPMORGAN CHASE  CO | COM | 46625H100 |  | 1449550 | 5000 | SH |  | SOLE |  | 5000 | 0 | 0 |
| KB FINANCIAL GROUP INC | SPONSORED ADR | 48241A105 |  | 495540 | 6000 | SH |  | OTR |  | 0 | 6000 | 0 |
| KOREA FUND INC | COM NEW | 500634209 |  | 3824060 | 142000 | SH |  | SOLE |  | 142000 | 0 | 0 |
| LAUREATE EDUCATION INC | COMMON STOCK | 518613203 |  | 818300 | 35000 | SH |  | OTR |  | 0 | 35000 | 0 |
| LIFEWAY FOODS INC | COM | 531914109 |  | 677875 | 27500 | SH |  | OTR |  | 0 | 27500 | 0 |
| LOWES COMPANIES INC | COM | 548661107 |  | 8608556 | 38800 | SH |  | SOLE |  | 38800 | 0 | 0 |
| LUFAX HOLDING LTD | SPONSORED ADR | 54975P201 |  | 948276 | 339884 | SH |  | OTR |  | 0 | 339884 | 0 |
| META PLATFORMS INC | CL A | 30303M102 |  | 15130845 | 20500 | SH |  | SOLE |  | 20500 | 0 | 0 |
| MICRON TECHNOLOGY INC. | COM | 595112103 |  | 1232500 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| MICROSOFT CORPORATION | COM | 594918104 |  | 89036390 | 179000 | SH |  | SOLE |  | 179000 | 0 | 0 |
| NET LEASE OFFICE PROPERTIES | COM | 64110Y108 |  | 1049021 | 32228 | SH |  | OTR |  | 0 | 32228 | 0 |
| NETFLIX INC. | COM | 64110L106 |  | 10579127 | 7900 | SH |  | SOLE |  | 7900 | 0 | 0 |
| NOAH HOLDINGS LTD | SPON ADS | 65487X102 |  | 131340 | 11000 | SH |  | OTR |  | 0 | 11000 | 0 |
| NVIDIA CORPORATION CMN | COM | 67066G104 |  | 7741510 | 49000 | SH |  | SOLE |  | 49000 | 0 | 0 |
| ONEMAIN HOLDINGS INC | COM | 68268W103 |  | 267900 | 4700 | SH |  | OTR |  | 0 | 4700 | 0 |
| PETROLEO BRASILEIRO SA PETRO | SPONSORED ADR | 71654V408 |  | 577000 | 50000 | SH |  | OTR |  | 0 | 50000 | 0 |
| TESLA INC. | COM | 88160R101 |  | 24800 | 100 | SH | Put | SOLE |  | 100 | 0 | 0 |
| TESLA INC. | COM | 88160R101 |  | 224000 | 1400 | SH | Put | SOLE |  | 1400 | 0 | 0 |
| TESLA INC. | COM | 88160R101 |  | 681750 | 900 | SH | Put | SOLE |  | 900 | 0 | 0 |
| TESLA INC. | COM | 88160R101 |  | 41000 | 1000 | SH | Put | SOLE |  | 1000 | 0 | 0 |
| SERITAGE GROWTH PROP | CL A | 81752R100 |  | 184800 | 60000 | SH |  | OTR |  | 0 | 60000 | 0 |
| SERVICENOW INC | COM | 81762P102 |  | 3293968 | 3204 | SH |  | SOLE |  | 3204 | 0 | 0 |
| SLM CORP | COM | 78442P106 |  | 524640 | 16000 | SH |  | OTR |  | 0 | 16000 | 0 |
| STERLING BANCORP INC/MI | COM | 85917W102 |  | 0 | 32064 | SH |  | OTR |  | 0 | 32064 | 0 |
| STIFEL FINANCIAL CORP | COM | 860630102 |  | 1037800 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| SYNCHRONY FINANCIAL | COM | 87165B103 |  | 1268060 | 19000 | SH |  | OTR |  | 0 | 19000 | 0 |
| THE HOME DEPOT INC. | COM | 437076102 |  | 3433584 | 9365 | SH |  | SOLE |  | 9365 | 0 | 0 |
| TURKCELL ILETISIM HIZMETLERI | SPON ADR NEW | 900111204 |  | 90750 | 15000 | SH |  | OTR |  | 0 | 15000 | 0 |
| UNITED RENTALS INC. | COM | 911363109 |  | 5273800 | 7000 | SH |  | SOLE |  | 7000 | 0 | 0 |
| VANGUARD INDEX  FUNDS | TOTAL STK MKT | 922908769 |  | 303930 | 1000 | SH |  | SOLE |  | 1000 | 0 | 0 |
| VANGUARD INDEX FUNDS | S 500 ETF SHS | 922908363 |  | 289196002 | 509121 | SH |  | SOLE |  | 509121 | 0 | 0 |
| VIEMED HEALTHCARE INC. | COM | 92663R105 |  | 301123 | 43578 | SH |  | OTR |  | 0 | 43578 | 0 |
| VIGIL NEUROSCIENCE INC | COM | 92673K108 |  | 556500 | 70000 | SH |  | OTR |  | 0 | 70000 | 0 |
| VISTRA CORP | COM | 92840M102 |  | 4845250 | 25000 | SH |  | SOLE |  | 25000 | 0 | 0 |
| WELLS FARGO CO | COM | 949746101 |  | 16024000 | 200000 | SH |  | SOLE |  | 200000 | 0 | 0 |
| XPEL INC | COM | 98379L100 |  | 538500 | 15000 | SH |  | OTR |  | 0 | 15000 | 0 |
| XPO INC | COM | 983793100 |  | 757740 | 6000 | SH |  | SOLE |  | 6000 | 0 | 0 |

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