# EDGAR Filing Document

**Accession Number:** 0001483864
**File Stem:** 0000935836-23-000083
**Filing Date:** 2023-2
**Character Count:** 9537
**Document Hash:** c278371ac57d7c79296b3f330156868c
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000935836-23-000083.hdr.sgml**: 20230208

**ACCESSION NUMBER**: 0000935836-23-000083

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230208

**DATE AS OF CHANGE**: 20230208

**EFFECTIVENESS DATE**: 20230208

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** JBF Capital, Inc.
- **CENTRAL INDEX KEY:** 0001483864
- **IRS NUMBER:** 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:** 23598699

**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:** 12-31-2022

**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  02-08-2023<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:** 57

**Form 13F Information Table Value Total:** $405413932

      (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 |  | 991440 | 17000 | SH |  | SOLE |  | 17000 | 0 | 0 |
| ALLY FINANCIAL INC | COM | 02005N100 |  | 293400 | 12000 | SH |  | SOLE |  | 12000 | 0 | 0 |
| ALPHABET INC. CMN  CLASS C | COM | 02079K107 |  | 8163160 | 92000 | SH |  | SOLE |  | 92000 | 0 | 0 |
| AMAZON.COM INC CMN | COM | 023135106 |  | 22848000 | 272000 | SH |  | SOLE |  | 272000 | 0 | 0 |
| AMERIPRISE FINANCIAL INC | COM | 03076C106 |  | 280233 | 900 | SH |  | SOLE |  | 900 | 0 | 0 |
| ARC DOCUMENT SOLUTIONS INC CMN | COM | 00191G103 |  | 1751487 | 597777 | SH |  | SOLE |  | 597777 | 0 | 0 |
| AVEO PHARMACEUTICALS INC | COM NEW | 053588307 |  | 209300 | 14000 | SH |  | SOLE |  | 14000 | 0 | 0 |
| BANCO BILBAO VIZCAYA-SP ADR | SPONSORED ADR | 05946K101 |  | 300500 | 50000 | SH |  | SOLE |  | 50000 | 0 | 0 |
| BIOHAVEN LTD | COM | G1110E107 |  | 182522 | 13150 | SH |  | SOLE |  | 13150 | 0 | 0 |
| BRIGHTHOUSE FINANCIAL INC. CMN | COM | 10922N103 |  | 14433274 | 283215 | SH |  | SOLE |  | 283215 | 0 | 0 |
| CANADIAN NATURAL RESOURCES CMN | COM | 136385101 |  | 13585359 | 244649 | SH |  | SOLE |  | 244649 | 0 | 0 |
| CAPITAL ONE FINANCIAL CORP CMN | COM | 14040H105 |  | 3718400 | 47000 | SH |  | SOLE |  | 47000 | 0 | 0 |
| CAPRI HOLDINGS LTD | SHS | G1890L107 |  | 200620 | 3500 | SH |  | SOLE |  | 3500 | 0 | 0 |
| CENOVUS ENERGY INC. CMN | COM | 15135U109 |  | 9428136 | 485736 | SH |  | SOLE |  | 485736 | 0 | 0 |
| CNFINANCE HOLDINGS LIMITED SPONSORED ADR CMN | COM | 18979T105 |  | 103036 | 60255 | SH |  | SOLE |  | 60255 | 0 | 0 |
| CONTAINER STORE GROUP INC/TH | COM | 210751103 |  | 191580 | 60000 | SH |  | SOLE |  | 60000 | 0 | 0 |
| COREBRIDGE FINANCIAL INC. CMN | COM | 21871X109 |  | 1705100 | 85000 | SH |  | SOLE |  | 85000 | 0 | 0 |
| DIAMOND HILL INVESTMENT GROUP CMN | COM | 25264R207 |  | 3032108 | 16388 | SH |  | SOLE |  | 16388 | 0 | 0 |
| DISCOVER FINANCIAL SERVICES | COM | 254709108 |  | 415778 | 4250 | SH |  | SOLE |  | 4250 | 0 | 0 |
| FRONTIER COMMUNICATIONS PARE | COM | 35909D109 |  | 254163 | 9975 | SH |  | SOLE |  | 9975 | 0 | 0 |
| GARRETT MOTION CONVERTIBLE SERIES A PREFERRED 1145 SHARES | PFD CONV SER A | 366505204 |  | 1401144 | 161051 | SH |  | SOLE |  | 161051 | 0 | 0 |
| GLORY STAR NEW MEDIA GROUP H | SHS | G39973105 |  | 116800 | 80000 | SH |  | SOLE |  | 80000 | 0 | 0 |
| GREEN BRICK PARTNERS INC. CMN | COM | 392709101 |  | 23540996 | 971564 | SH |  | SOLE |  | 971564 | 0 | 0 |
| IAC INC CMN | COM | 44891N208 |  | 2215560 | 49900 | SH |  | SOLE |  | 49900 | 0 | 0 |
| IMARA INC | COM | 45249V107 |  | 818818 | 200200 | SH |  | SOLE |  | 200200 | 0 | 0 |
| ISOPLEXIS CORP | COM | 465005106 |  | 200934 | 129635 | SH |  | SOLE |  | 129635 | 0 | 0 |
| JBG SMITH PROPERTIES CMN REIT | COM | 46590V100 |  | 7766977 | 409219 | SH |  | SOLE |  | 409219 | 0 | 0 |
| JPMORGAN CHASE  CO CMN | COM | 46625H100 |  | 670500 | 5000 | SH |  | SOLE |  | 5000 | 0 | 0 |
| LAUREATE EDUCATION INC-A | COMMON STOCK | 518613203 |  | 336700 | 35000 | SH |  | SOLE |  | 35000 | 0 | 0 |
| LEE ENTERPRISES INCORPORATED CMN | COM | 523768406 |  | 1392000 | 75000 | SH |  | SOLE |  | 75000 | 0 | 0 |
| LOWES COMPANIES INC CMN | COM | 548661107 |  | 7969600 | 40000 | SH |  | SOLE |  | 40000 | 0 | 0 |
| LUFAX HOLDING LTD-ADR | ADS REP SHS CL A | 54975P102 |  | 203700 | 105000 | SH |  | SOLE |  | 105000 | 0 | 0 |
| MICRON TECHNOLOGY INC. CMN | COM | 595112103 |  | 499800 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| MICROSOFT CORPORATION CMN | COM | 594918104 |  | 42927780 | 179000 | SH |  | SOLE |  | 179000 | 0 | 0 |
| O2MICRO INTERNATIONAL-ADR | SPONS ADR | 67107W100 |  | 402300 | 90000 | SH |  | SOLE |  | 90000 | 0 | 0 |
| ONEMAIN HOLDINGS INC | COM | 68268W103 |  | 233170 | 7000 | SH |  | SOLE |  | 7000 | 0 | 0 |
| PETROLEO BRASILEIRO SA PETROBRAS SPONSORED ADR CMN | COM | 71654V408 |  | 2130000 | 267000 | SH |  | SOLE |  | 267000 | 0 | 0 |
| RESOLUTE FOREST PRODUCTS | COM | 76117W109 |  | 431800 | 20000 | SH |  | SOLE |  | 20000 | 0 | 0 |
| RUBICON TECHNOLOGY INC | COM NEW | 78112T206 |  | 23234 | 16478 | SH |  | SOLE |  | 16478 | 0 | 0 |
| SERITAGE GROWTH PROP- A REIT | CL A | 81752R100 |  | 591500 | 50000 | SH |  | SOLE |  | 50000 | 0 | 0 |
| SHELL PLC SPONSORED ADR CMN | COM | 780259305 |  | 16230750 | 285000 | SH |  | SOLE |  | 285000 | 0 | 0 |
| SIO GENE THERAPIES INC | COM | 829399104 |  | 186876 | 429600 | SH |  | SOLE |  | 429600 | 0 | 0 |
| SLM CORP | COM | 78442P106 |  | 481400 | 29000 | SH |  | SOLE |  | 29000 | 0 | 0 |
| SONOS INC CMN | COM | 83570H108 |  | 675932 | 39996 | SH |  | SOLE |  | 39996 | 0 | 0 |
| ST. JOE COMPANY CMN | COM | 790148100 |  | 4290150 | 111000 | SH |  | SOLE |  | 111000 | 0 | 0 |
| STATE STREET CORPORATION (NEW) CMN | COM | 857477103 |  | 2256201 | 29086 | SH |  | SOLE |  | 29086 | 0 | 0 |
| STEEL CONNECT INC | COM | 858098106 |  | 93787 | 65585 | SH |  | SOLE |  | 65585 | 0 | 0 |
| SYNCHRONY FINANCIAL | COM | 87165B103 |  | 410750 | 12500 | SH |  | SOLE |  | 12500 | 0 | 0 |
| THE HOME DEPOT INC. CMN | COM | 437076102 |  | 5811824 | 18400 | SH |  | SOLE |  | 18400 | 0 | 0 |
| TURKCELL ILETISIM HIZMET-ADR | SPON ADR NEW | 900111204 |  | 110170 | 23000 | SH |  | SOLE |  | 23000 | 0 | 0 |
| VALARIS LIMITED CMN | COM | G9460G101 |  | 13903416 | 205611 | SH |  | SOLE |  | 205611 | 0 | 0 |
| VANGUARD S 500 ETF | ETF | 922908363 |  | 178874572 | 509121 | SH |  | SOLE |  | 509121 | 0 | 0 |
| VIAD CORP CMN | COM | 92552R406 |  | 4908244 | 201240 | SH |  | SOLE |  | 201240 | 0 | 0 |
| VIEMED HEALTHCARE INC | COM | 92663R105 |  | 330526 | 43578 | SH |  | SOLE |  | 43578 | 0 | 0 |
| VMWARE INC-CLASS A | CL A COM | 928563402 |  | 244661 | 1993 | SH |  | SOLE |  | 1993 | 0 | 0 |
| XPEL INC | COM | 98379L100 |  | 444024 | 7393 | SH |  | SOLE |  | 7393 | 0 | 0 |
| XPO INC CMN | COM | 983793100 |  | 199740 | 6000 | SH |  | SOLE |  | 6000 | 0 | 0 |

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