# EDGAR Filing Document

**Accession Number:** 0001483864
**File Stem:** 0000935836-26-000232
**Filing Date:** 2026-5
**Character Count:** 16380
**Document Hash:** b5808cdc59ed051c9df5a0dc01c13bc2
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000935836-26-000232.hdr.sgml**: 20260508

**ACCESSION NUMBER**: 0000935836-26-000232

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260508

**DATE AS OF CHANGE**: 20260508

**EFFECTIVENESS DATE**: 20260508

**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:** 26957528

**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:** 03-31-2026

**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  05-08-2026<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:** 123

**Form 13F Information Table Value Total:** $676419389

      (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 |
| ADVANCED MICRO DEVICES INC. CMN | COM | 007903107 |  | 2034300 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| AERCAP HOLDINGS NV | SHS | N00985106 |  | 2537830 | 18500 | SH |  | OTR |  | 0 | 18500 | 0 |
| AGNC INVESTMENT CORP CMN | COM | 00123Q104 |  | 1003000 | 100000 | SH |  | SOLE |  | 100000 | 0 | 0 |
| ALPHABET INC. CMN  CLASS A | COM | 02079K305 |  | 28756000 | 100000 | SH |  | SOLE |  | 100000 | 0 | 0 |
| AMAZON.COM INC CMN | COM | 023135106 |  | 56649440 | 272000 | SH |  | SOLE |  | 272000 | 0 | 0 |
| AMERIPRISE FINANCIAL INC | COM | 03076C106 |  | 422180 | 950 | SH |  | OTR |  | 0 | 950 | 0 |
| APARTMENT INVT  MGMT CO | PUT | 03748R957 |  | 447700 | 110000 | SH |  | OTR |  | 0 | 110000 | 0 |
| APELLIS PHARMACEUTICALS INC | COM | 03753U106 |  | 826002 | 20532 | SH |  | OTR |  | 0 | 20532 | 0 |
| ARBUTUS BIOPHARMA CORP | COM | 03879J100 |  | 361265 | 80281 | SH |  | OTR |  | 0 | 80281 | 0 |
| ARK GENOMIC REVOLUTION CMN | ETF | 00214Q302 |  | 475560 | 18000 | SH |  | SOLE |  | 18000 | 0 | 0 |
| ARM HOLDINGS PLC ADR CMN | COM | 042068205 |  | 1512800 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| ASML HOLDING N.V. ADR CMN | COM | N07059210 |  | 3962490 | 3000 | SH |  | SOLE |  | 3000 | 0 | 0 |
| BANCO BILBAO VIZCAYA-SP ADR | SPONSORED ADR | 05946K101 |  | 389880 | 18000 | SH |  | OTR |  | 0 | 18000 | 0 |
| BARCLAYS BANK PLC - IPATH SERIES B S 500 VIX S-T FUT ETN CMN CLASS ETF | ETF | 06748M196 |  | 3427200 | 96000 | SH |  | SOLE |  | 96000 | 0 | 0 |
| BATH  BODY WORKS INC | COM | 070830104 |  | 186700 | 10000 | SH |  | OTR |  | 0 | 10000 | 0 |
| BLACKROCK FUNDING INC. CMN | COM | 09290D101 |  | 961710 | 1000 | SH |  | SOLE |  | 1000 | 0 | 0 |
| BRAEMAR HOTELS  RESORTS INC | COM | 10482B101 |  | 46971 | 19903 | SH |  | OTR |  | 0 | 19903 | 0 |
| BREAD FINANCIAL HOLDINGS INC | COM | 018581108 |  | 449340 | 6000 | SH |  | OTR |  | 0 | 6000 | 0 |
| BRIGHTHOUSE FINANCIAL INC | COM | 10922N103 |  | 244849 | 4089 | SH |  | OTR |  | 0 | 4089 | 0 |
| BROADCOM INC. CMN | COM | 11135F101 |  | 5509278 | 17800 | SH |  | SOLE |  | 17800 | 0 | 0 |
| BROOKFIELD CORPORATION CMN  CLASS A | COM | 11271J107 |  | 404700 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| CAPITAL ONE FINANCIAL CORP | COM | 14040H105 |  | 820935 | 4500 | SH |  | OTR |  | 0 | 4500 | 0 |
| CEMENTOS PACASMAYO SAA - ADR | SPONSORED ADR | 15126Q208 |  | 761950 | 76195 | SH |  | OTR |  | 0 | 76195 | 0 |
| CENTENE CORP | COM | 15135B101 |  | 294660 | 9000 | SH |  | OTR |  | 0 | 9000 | 0 |
| CENTESSA PHARMACEUTICALS-ADR | SPONSORED ADS | 152309100 |  | 829632 | 20887 | SH |  | OTR |  | 0 | 20887 | 0 |
| CERAGON NETWORKS LTD CMN | COM | M22013102 |  | 78749 | 36458 | SH |  | SOLE |  | 36458 | 0 | 0 |
| CIGNA CORP | COM | 125523100 |  | 320100 | 1200 | SH |  | OTR |  | 0 | 1200 | 0 |
| COMCAST CORP-CLASS A | CL A | 20030N101 |  | 200970 | 7000 | SH |  | OTR |  | 0 | 7000 | 0 |
| COMMERCIAL BANCGROUP INC. CMN | COM | 20112C106 |  | 6505000 | 250000 | SH |  | SOLE |  | 250000 | 0 | 0 |
| CONCENTRIX CORP | COM | 20602D101 |  | 328320 | 12000 | SH |  | OTR |  | 0 | 12000 | 0 |
| COYA THERAPEUTICS INC. CMN | COM | 22407B108 |  | 394024 | 100006 | SH |  | SOLE |  | 100006 | 0 | 0 |
| CRH PUBLIC LIMITED COMPANY CMN | COM | G25508105 |  | 1576800 | 15000 | SH |  | SOLE |  | 15000 | 0 | 0 |
| CROCS INC | COM | 227046109 |  | 332080 | 4000 | SH |  | OTR |  | 0 | 4000 | 0 |
| DELL TECHNOLOGIES INC. CMN CLASS C | COM | 24703L202 |  | 4923900 | 30000 | SH |  | SOLE |  | 30000 | 0 | 0 |
| DIAMOND HILL INVESTMENT GROUP CMN | COM | 25264R207 |  | 2648275 | 15388 | SH |  | SOLE |  | 15388 | 0 | 0 |
| D-MARKET ELECTRONIC SERVICES | SPONSORED ADS | 23292B104 |  | 81086 | 30949 | SH |  | OTR |  | 0 | 30949 | 0 |
| DMC GLOBAL INC | COM | 23291C103 |  | 104200 | 20000 | SH |  | OTR |  | 0 | 20000 | 0 |
| DRIVEN BRANDS HOLDINGS INC | COM | 26210V102 |  | 444969 | 35287 | SH |  | OTR |  | 0 | 35287 | 0 |
| ECHOSTAR CORP-A | CL A | 278768106 |  | 333298 | 2847 | SH |  | OTR |  | 0 | 2847 | 0 |
| ECHOSTAR CORPORATION CMN | COM | 278768106 |  | 1170700 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| ECOPETROL SA-SPONSORED ADR | SPONSORED ADS | 279158109 |  | 299800 | 20000 | SH |  | OTR |  | 0 | 20000 | 0 |
| ELI LILLY  CO CMN | COM | 532457108 |  | 2759310 | 3000 | SH |  | SOLE |  | 3000 | 0 | 0 |
| ELME COMMUNITIES | SH BEN INT | 939653101 |  | 901511 | 448513 | SH |  | OTR |  | 0 | 448513 | 0 |
| ENERGY TRANSFER LP CMN | COM | 29273V100 |  | 1930000 | 100000 | SH |  | SOLE |  | 100000 | 0 | 0 |
| ENVIRI CORP | COM | 415864107 |  | 980215 | 49960 | SH |  | OTR |  | 0 | 49960 | 0 |
| FISERV INC | COM | 337738108 |  | 279000 | 5000 | SH |  | OTR |  | 0 | 5000 | 0 |
| FORESTAR GROUP INC | COM | 346232101 |  | 244400 | 10000 | SH |  | OTR |  | 0 | 10000 | 0 |
| GARRETT MOTION INC | COM | 366505105 |  | 2816350 | 155000 | SH |  | OTR |  | 0 | 155000 | 0 |
| GENERAL MOTORS CO | COM | 37045V100 |  | 372500 | 5000 | SH |  | OTR |  | 0 | 5000 | 0 |
| GLOBAL PAYMENTS INC | COM | 37940X102 |  | 504750 | 7500 | SH |  | OTR |  | 0 | 7500 | 0 |
| GOLDMAN SACHS GROUP INC.(THE) CMN | COM | 38141G104 |  | 16919800 | 20000 | SH |  | SOLE |  | 20000 | 0 | 0 |
| GREEN BRICK PARTNERS INC. CMN | COM | 392709101 |  | 28134358 | 436530 | SH |  | SOLE |  | 436530 | 0 | 0 |
| GRINDR INC | COM | 39854F101 |  | 202338 | 16736 | SH |  | OTR |  | 0 | 16736 | 0 |
| GRUPO CIBEST SA-ADR | SPON ADS | 40090E106 |  | 546075 | 7500 | SH |  | OTR |  | 0 | 7500 | 0 |
| GSK PLC ADR CMN | COM | 37733W204 |  | 5519000 | 100000 | SH |  | SOLE |  | 100000 | 0 | 0 |
| HOLOGIC INC | COM | 436440101 |  | 807982 | 10689 | SH |  | OTR |  | 0 | 10689 | 0 |
| IMMERSION CORPORATION | COM | 452521107 |  | 72438 | 13267 | SH |  | OTR |  | 0 | 13267 | 0 |
| INTEL CORPORATION CMN | COM | 458140100 |  | 1103250 | 25000 | SH |  | SOLE |  | 25000 | 0 | 0 |
| INVESCO S 500 EQUAL WEIGHT ETF | ETF | 46137V357 |  | 9596000 | 50000 | SH |  | SOLE |  | 50000 | 0 | 0 |
| ISHARES INTERNATIONAL SMALL-CAP EQUITY FACTOR ETF ETF | ETF | 46434V266 |  | 2353278 | 56312 | SH |  | SOLE |  | 56312 | 0 | 0 |
| ISHARES MSCI INTERNATIONAL VALUE FACTOR ETF MUTUAL FUND | ETF | 46435G409 |  | 2380800 | 60000 | SH |  | SOLE |  | 60000 | 0 | 0 |
| JPMORGAN CHASE  CO CMN | COM | 46625H100 |  | 1470800 | 5000 | SH |  | SOLE |  | 5000 | 0 | 0 |
| KB FINANCIAL GROUP INC-ADR | SPONSORED ADR | 48241A105 |  | 498650 | 5000 | SH |  | OTR |  | 0 | 5000 | 0 |
| KOREA FUND INC (THE) MUTUAL FUND | COM | 500634209 |  | 5837000 | 130000 | SH |  | SOLE |  | 130000 | 0 | 0 |
| LAUREATE EDUCATION INC-A | COMMON STOCK | 518613203 |  | 1219400 | 35000 | SH |  | OTR |  | 0 | 35000 | 0 |
| LEGGETT  PLATT INC | COM | 524660107 |  | 170964 | 17304 | SH |  | OTR |  | 0 | 17304 | 0 |
| LENSAR INC - W/I | COM | 52634L108 |  | 61847 | 10377 | SH |  | OTR |  | 0 | 10377 | 0 |
| LIBERTY BROADBAND-A | COM SER A | 530307107 |  | 376650 | 7500 | SH |  | OTR |  | 0 | 7500 | 0 |
| LISATA THERAPEUTICS INC | COM | 128058302 |  | 66302 | 13234 | SH |  | OTR |  | 0 | 13234 | 0 |
| LOWES COMPANIES INC CMN | COM | 548661107 |  | 9167664 | 38800 | SH |  | SOLE |  | 38800 | 0 | 0 |
| LUFAX HOLDING LTD-ADR | SPONSORED ADR | 54975P201 |  | 635583 | 339884 | SH |  | OTR |  | 0 | 339884 | 0 |
| META PLATFORMS INC-CLASS A CMN  CLASS A | COM | 30303M102 |  | 11728665 | 20500 | SH |  | SOLE |  | 20500 | 0 | 0 |
| MICRON TECHNOLOGY INC. CMN | COM | 595112103 |  | 3378400 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| MICROSOFT CORPORATION CMN | COM | 594918104 |  | 62828954 | 169730 | SH |  | SOLE |  | 169730 | 0 | 0 |
| MISTER CAR WASH INC | COM | 60646V105 |  | 214920 | 30835 | SH |  | OTR |  | 0 | 30835 | 0 |
| MORGAN STANLEY CMN | COM | 617446448 |  | 4114250 | 25000 | SH |  | SOLE |  | 25000 | 0 | 0 |
| NET LEASE OFFICE PROPERTY | COM | 64110Y108 |  | 371267 | 32228 | SH |  | OTR |  | 0 | 32228 | 0 |
| NETFLIX INC. CMN | COM | 64110L106 |  | 9615000 | 100000 | SH |  | SOLE |  | 100000 | 0 | 0 |
| NEURONETICS INC. CMN | COM | 64131A105 |  | 338091 | 233166 | SH |  | SOLE |  | 233166 | 0 | 0 |
| NOAH HOLDINGS LTD-SPON ADS | SPON ADS | 65487X102 |  | 108900 | 11000 | SH |  | OTR |  | 0 | 11000 | 0 |
| NVIDIA CORPORATION CMN | COM | 67066G104 |  | 5929600 | 34000 | SH |  | SOLE |  | 34000 | 0 | 0 |
| ONEMAIN HOLDINGS INC | COM | 68268W103 |  | 235356 | 4400 | SH |  | OTR |  | 0 | 4400 | 0 |
| PAYPAL HOLDINGS INC | COM | 70450Y103 |  | 204847 | 4529 | SH |  | OTR |  | 0 | 4529 | 0 |
| PETROLEO BRASIL-SP PREF ADR | SPONSORED ADR | 71654V408 |  | 937500 | 50000 | SH |  | OTR |  | 0 | 50000 | 0 |
| PROTHENA CORP PLC | SHS | G72800108 |  | 99970 | 10285 | SH |  | OTR |  | 0 | 10285 | 0 |
| REGENERON PHARMACEUTICAL INC CMN | COM | 75886F107 |  | 3863200 | 5000 | SH |  | SOLE |  | 5000 | 0 | 0 |
| SERITAGE GROWTH PROP- A REIT | CL A | 81752R100 |  | 168600 | 60000 | SH |  | OTR |  | 0 | 60000 | 0 |
| SLB LTD CMN | COM | 806857108 |  | 2569500 | 50000 | SH |  | SOLE |  | 50000 | 0 | 0 |
| SLM CORP | COM | 78442P106 |  | 813580 | 38000 | SH |  | OTR |  | 0 | 38000 | 0 |
| SMART SHARE GLOBAL LIMITED | ADS | 83193E102 |  | 58596 | 51855 | SH |  | OTR |  | 0 | 51855 | 0 |
| SSR MINING INC CMN | COM | 784730103 |  | 294000 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| STATE STREET SPDR S BIOTECH ETF ETF | ETF | 78464A870 |  | 13411650 | 105000 | SH |  | SOLE |  | 105000 | 0 | 0 |
| STIFEL FINANCIAL CORP CMN | COM | 860630102 |  | 1108800 | 15000 | SH |  | SOLE |  | 15000 | 0 | 0 |
| SYNCHRONY FINANCIAL | COM | 87165B103 |  | 1972580 | 29000 | SH |  | OTR |  | 0 | 29000 | 0 |
| THE HOME DEPOT INC. CMN | COM | 437076102 |  | 3080055 | 9365 | SH |  | SOLE |  | 9365 | 0 | 0 |
| TRILOGY METALS INC NEW | COM | 89621C105 |  | 53606 | 14932 | SH |  | OTR |  | 0 | 14932 | 0 |
| TRIPADVISOR INC | COM | 896945201 |  | 282693 | 26519 | SH |  | OTR |  | 0 | 26519 | 0 |
| TURKCELL ILETISIM HIZMET-ADR | SPON ADR NEW | 900111204 |  | 90450 | 15000 | SH |  | OTR |  | 0 | 15000 | 0 |
| UNITED RENTALS INC. CMN | COM | 911363109 |  | 5099920 | 7000 | SH |  | SOLE |  | 7000 | 0 | 0 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 |  | 243531 | 900 | SH |  | OTR |  | 0 | 900 | 0 |
| VANGUARD INDEX  FUNDS VANGUARD TOTAL STK MKT ETF ETF ON CRSPTMT | ETF | 922908769 |  | 320810 | 1000 | SH |  | SOLE |  | 1000 | 0 | 0 |
| VANGUARD S 500 ETF | ETF | 922908363 |  | 304225254 | 509121 | SH |  | SOLE |  | 509121 | 0 | 0 |
| VERIZON COMMUNICATIONS INC. CMN | COM | 92343V104 |  | 1004000 | 20000 | SH |  | SOLE |  | 20000 | 0 | 0 |
| VIEMED HEALTHCARE INC. | COM | 92663R105 |  | 401353 | 43578 | SH |  | OTR |  | 0 | 43578 | 0 |
| WALT DISNEY COMPANY (THE) CMN | COM | 254687106 |  | 963800 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| WARNER BROS DISCOVERY INC | COM SER A | 934423104 |  | 246234 | 8967 | SH |  | OTR |  | 0 | 8967 | 0 |
| WESTERN MIDSTREAM PARTNERS LP CMN | COM | 958669103 |  | 1029250 | 25000 | SH |  | SOLE |  | 25000 | 0 | 0 |
| XEROX HOLDINGS CORP | COM NEW | 98421M106 |  | 1596 | 17638 | SH |  | OTR |  | 0 | 17638 | 0 |
| XPEL INC | COM | 98379L100 |  | 679568 | 15354 | SH |  | OTR |  | 0 | 15354 | 0 |
| XPO INC CMN | COM | 983793100 |  | 1167300 | 6000 | SH |  | SOLE |  | 6000 | 0 | 0 |
| YEXT INC | COM | 98585N106 |  | 63045 | 16418 | SH |  | OTR |  | 0 | 16418 | 0 |
| CALL/GSK                @ 42 EXP 01/15/2027 | CALL | 37733W204 |  | 290000 | 200 | SH | Call | SOLE |  | 200 | 0 | 0 |
| CALL/HPQ                @  32 EXP 12/18/2026 | CALL | 40434L105 |  | 5890 | 190 | SH | Call | SOLE |  | 190 | 0 | 0 |
| PUT/CVNA                @ 145 EXP 05/15/2026 | PUT | 146869102 |  | 18700 | 100 | SH | Put | SOLE |  | 100 | 0 | 0 |
| PUT/CVNA                @ 65 EXP 12/18/2026 | PUT | 146869102 |  | 23550 | 100 | SH | Put | SOLE |  | 100 | 0 | 0 |
| PUT/CVNA                @ 75 EXP 12/18/2026 | PUT | 146869102 |  | 34600 | 100 | SH | Put | SOLE |  | 100 | 0 | 0 |
| PUT/SPY                 @ 525 EXP 09/18/2026 | PUT | 78462F103 |  | 830500 | 1000 | SH | Put | SOLE |  | 1000 | 0 | 0 |
| PUT/TSLA                @ 120 EXP 09/18/2026 | PUT | 88160R101 |  | 104500 | 1000 | SH | Put | SOLE |  | 1000 | 0 | 0 |
| PUT/TSLA                @ 130 EXP 12/18/2026 | PUT | 88160R101 |  | 497700 | 2100 | SH | Put | SOLE |  | 2100 | 0 | 0 |
| PUT/TSLA                @ 150 EXP 05/15/2026 | PUT | 88160R101 |  | 1650 | 100 | SH | Put | SOLE |  | 100 | 0 | 0 |
| PUT/TSLA                @ 240 EXP 09/18/2026 | PUT | 88160R101 |  | 67750 | 100 | SH | Put | SOLE |  | 100 | 0 | 0 |
| PUT/TSLA                @ 250 EXP 05/15/2026 | PUT | 88160R101 |  | 132000 | 1000 | SH | Put | SOLE |  | 1000 | 0 | 0 |
| PUT/TSLA                @ 90 EXP 09/18/2026 | PUT | 88160R101 |  | 107000 | 2000 | SH | Put | SOLE |  | 2000 | 0 | 0 |

---