0001140361-12-024062.txt : 20120509 0001140361-12-024062.hdr.sgml : 20120509 20120509173030 ACCESSION NUMBER: 0001140361-12-024062 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20120331 FILED AS OF DATE: 20120509 DATE AS OF CHANGE: 20120509 EFFECTIVENESS DATE: 20120509 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: 12826910 BUSINESS ADDRESS: STREET 1: 306 WEST FRANCIS STREET CITY: ASPEN STATE: CO ZIP: 81611 BUSINESS PHONE: 970-920-1145 MAIL ADDRESS: STREET 1: 306 WEST FRANCIS STREET CITY: ASPEN STATE: CO ZIP: 81611 13F-HR 1 form13fhr.txt NONE UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 13F Form 13F COVER PAGE Report for the Calendar Year or Quarter Ended: 3/31/2012 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. Address: 306 West Francis Street Aspen, CO 81611 Form 13F File Number: 028-13723 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 submission. Persons Signing this Report on Behalf of Reporting Manager: Name: John B. Fullerton Title: President Phone: 970-920-1145 Signature, Place, and Date of Signing: /s/ John B. Fullerton Aspen, CO 5/9/2012 --------------------------------- --------------------------------- ---------- [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 reported are 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).) List of Other Managers Reporting for this Manager: Form 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 0 Form 13F Information Table Entry Total: 142 Form 13F Information Table Value Total: $ 412,702 -------------- (In Thousands) List of Other Included Managers: Provide a numbered list of the name(s) and 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report. NONE

FORM 13F INFORMATION TABLE 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 MANAGERS SOLE SHARED NONE ------------------------------------- -------------- --------- -------- --------- --- ---- ---------- -------- --------- ------ ---- ABBOTT LABORATORIES CMN COM 002824100 5,823 95,000 SH SOLE 95,000 0 0 ACETO CORP CMN COM 004446100 898 94,651 SH SOLE 94,651 0 0 AETNA INC CMN COM 00817Y108 4,514 90,000 SH SOLE 90,000 0 0 AIR T INC CMN COM 009207101 20 2,125 SH SOLE 2,125 0 0 ALPHA PRO TECH LTD CMN COM 020772109 9 5,600 SH SOLE 5,600 0 0 AMERICAN REPROGRAPHICS CO CMN COM 029263100 753 139,645 SH SOLE 139,645 0 0 AMERICAN VANGUARD CORPORATION CMN COM 030371108 269 12,400 SH SOLE 12,400 0 0 AMERISOURCEBERGEN CORPORATION CMN COM 03073E105 2,181 55,000 SH SOLE 55,000 0 0 APACHE CORP. CMN COM 037411105 3,505 34,900 SH SOLE 34,900 0 0 APPLE, INC. CMN COM 037833100 33,069 55,156 SH SOLE 55,156 0 0 APPLIED MATERIALS INC CMN COM 038222105 3,833 308,000 SH SOLE 308,000 0 0 BALL CORPORATION CMN COM 058498106 3,512 81,900 SH SOLE 81,900 0 0 THE BANCORP INC CMN COM 05969A105 360 35,850 SH SOLE 35,850 0 0 BANK OF AMERICA CORP CMN COM 060505104 8,789 918,406 SH SOLE 918,406 0 0 BARRY R G CORP (OHIO) CMN COM 068798107 664 54,440 SH SOLE 54,440 0 0 BEBE STORES INC CMN COM 075571109 1,118 121,100 SH SOLE 121,100 0 0 H & R BLOCK INC. CMN COM 093671105 2,533 153,822 SH SOLE 153,822 0 0 BOISE INC. CMN COM 09746Y105 164 20,000 SH SOLE 20,000 0 0 CNO FINANCIAL GROUP INC CMN COM 12621E103 3,864 496,698 SH SOLE 496,698 0 0 CVS CAREMARK CORPORATION CMN COM 126650100 6,839 152,655 SH SOLE 152,655 0 0 CA, INC. CMN COM 12673P105 5,214 189,183 SH SOLE 189,183 0 0 CAPITAL ONE FINANCIAL CORP CMN COM 14040H105 6,410 115,000 SH SOLE 115,000 0 0 PUT/CAT @ 75 EXP 01/19/2013 PUT 149123101 14 50 SH PUT SOLE 50 0 0 PUT/CAT @ 70 EXP 01/19/2013 PUT 149123101 17 80 SH PUT SOLE 80 0 0 CENTRAL SECURITIES CORP. MUTUAL FUND COM 155123102 8 354 SH SOLE 354 0 0 THE CHEF'S WAREHOUSE INC CMN COM 163086101 1,001 43,239 SH SOLE 43,239 0 0 CHEVRON CORPORATION CMN COM 166764100 6,315 58,900 SH SOLE 58,900 0 0 CHINA FUND INC. Closed-End Fund COM 169373107 750 32,209 SH SOLE 32,209 0 0 CHUBB CORP CMN COM 171232101 2,073 30,000 SH SOLE 30,000 0 0 CIBER INC CMN COM 17163B102 1,008 237,814 SH SOLE 237,814 0 0 CISCO SYSTEMS, INC. CMN COM 17275R102 5,534 261,633 SH SOLE 261,633 0 0 CITIZENS REPUBLIC BANCORP INC CMN COM 174420307 3,910 250,494 SH SOLE 250,494 0 0 COCA-COLA COMPANY (THE) CMN COM 191216100 5,509 74,433 SH SOLE 74,433 0 0 CONOCOPHILLIPS CMN COM 20825C104 3,831 50,400 SH SOLE 50,400 0 0 CONTINENTAL MATERIALS CORP CMN COM 211615307 79 4,771 SH SOLE 4,771 0 0 COWEN GROUP, INC. CMN COM 223622101 1,259 464,445 SH SOLE 464,445 0 0 D.R. HORTON, INC. CMN COM 23331A109 4,748 313,000 SH SOLE 313,000 0 0 DST SYSTEM INC COMMON STOCK COM 233326107 2,169 40,000 SH SOLE 40,000 0 0 DOVER DOWNS GAMING & ENTMT INC CMN COM 260095104 41 16,157 SH SOLE 16,157 0 0 DR PEPPER SNAPPLE GROUP, INC. CMN COM 26138E109 4,021 100,000 SH SOLE 100,000 0 0 EASYLINK SERVICES INTL CORP CMN COM 277858106 157 30,805 SH SOLE 30,805 0 0 CLASS A EBAY INC. CMN COM 278642103 7,867 213,200 SH SOLE 213,200 0 0 ENDO PHARMACEUTICALS HLDGS INC CMN COM 29264F205 3,505 90,500 SH SOLE 90,500 0 0 ENGLOBAL CORPORATION CMN COM 293306106 687 286,133 SH SOLE 286,133 0 0 EXPEDIA, INC. CMN COM 30212P303 920 27,500 SH SOLE 27,500 0 0 E Z CORP INC CL-A NON VTG CMN CLASS A COM 302301106 2,945 90,736 SH SOLE 90,736 0 0 EXXON MOBIL CORPORATION CMN COM 30231G102 6,505 75,000 SH SOLE 75,000 0 0 FEDERAL MOGUL CORP CMN COM 313549404 17 1,000 SH SOLE 1,000 0 0 FEDFIRST FINANCIAL CORPORATION CMN COM 31429C101 60 4,390 SH SOLE 4,390 0 0 FIFTH THIRD BANCORP CMN COM 316773100 3,751 267,100 SH SOLE 267,100 0 0 FIRST DEFIANCE FINANCIAL CORP. CMN COM 32006W106 1,888 111,981 SH SOLE 111,981 0 0 FONAR CORPORATION CMN COM 344437405 3 1,000 SH SOLE 1,000 0 0 FROZEN FOOD EXPRESS INDS INC CMN COM 359360104 47 37,505 SH SOLE 37,505 0 0 FULL HOUSE RESORTS CMN COM 359678109 294 103,374 SH SOLE 103,374 0 0 GABELLI DIVIDEND & INCM TRUST MUTUAL COM 36242H104 1,620 98,886 SH SOLE 98,886 0 0 FUND GABELLI HEALTHCARE & WELLNESSR*X COM 36246K103 175 21,020 SH SOLE 21,020 0 0 TRUST (THE) MUTUAL FUND GAIN CAPITAL HOLDINGS, INC. CMN COM 36268W100 206 40,981 SH SOLE 40,981 0 0

FORM 13F INFORMATION TABLE 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 MANAGERS SOLE SHARED NONE ------------------------------------- -------------- --------- -------- --------- --- ---- ---------- -------- --------- ------ ---- GAP INC CMN COM 364760108 1,046 40,000 SH SOLE 40,000 0 0 GENERAL ELECTRIC CO CMN COM 369604103 971 48,400 SH SOLE 48,400 0 0 GIBRALTAR INDUSTRIES INC CMN COM 374689107 579 38,233 SH SOLE 38,233 0 0 GOLDMAN SACHS GROUP, INC.(THE) CMN COM 38141G104 3,171 25,500 SH SOLE 25,500 0 0 HCA HOLDINGS, INC. CMN COM 40412C101 4,282 173,100 SH SOLE 173,100 0 0 PUT/HBI @ 30 EXP 10/20/2012 PUT 410345102 3 10 SH PUT SOLE 10 0 0 THE HOME DEPOT, INC. CMN COM 437076102 3,341 66,400 SH SOLE 66,400 0 0 HORSEHEAD HOLDING CORP. CMN COM 440694305 57 5,000 SH SOLE 5,000 0 0 THE HOWARD HUGHES CORP CMN COM 44267D107 268 4,200 SH SOLE 4,200 0 0 HUMANA INC. CMN COM 444859102 6,797 73,500 SH SOLE 73,500 0 0 IAC/INTERACTIVECORP CMN COM 44919P508 5,930 120,800 SH SOLE 120,800 0 0 INSPERITY INC CMN COM 45778Q107 1,848 60,329 SH SOLE 60,329 0 0 INTEL CORPORATION CMN COM 458140100 14,496 515,600 SH SOLE 515,600 0 0 INTERACTIVE BROKERS GROUP, INC*. CMN COM 45841N107 852 50,142 SH SOLE 50,142 0 0 ISHARES MSCI JAPAN INDEX FD MARKET ETF 464286848 435 42,800 SH SOLE 42,800 0 0 INDEX ge. JPMORGAN CHASE & CO CMN COM 46625H100 6,626 144,100 SH SOLE 144,100 0 0 JOHNSON & JOHNSON CMN COM 478160104 11,670 176,921 SH SOLE 176,921 0 0 KRAFT FOODS INC. CMN CLASS A COM 50075N104 7,982 210,000 SH SOLE 210,000 0 0 KROGER COMPANY CMN COM 501044101 3,635 150,000 SH SOLE 150,000 0 0 LIBBEY INC. CMN COM 529898108 3 200 SH SOLE 200 0 0 LIBERTY ALL-STAR EQUITY FD(SBI COM 530158104 206 41,800 SH SOLE 41,800 0 0 MUTUAL FUND ELI LILLY & CO CMN COM 532457108 604 15,000 SH SOLE 15,000 0 0 LOUISIANA PACIFIC CORP CMN COM 546347105 1,264 135,165 SH SOLE 135,165 0 0 MTS SYSTEMS CORP CMN COM 553777103 143 2,700 SH SOLE 2,700 0 0 MVC CAPITAL INC CLOSED END FUND COM 553829102 726 55,278 SH SOLE 55,278 0 0 MARATHON OIL CORPORATION CMN COM 565849106 1,141 36,000 SH SOLE 36,000 0 0 MASTERCARD INCORPORATED CMN CLASS A COM 57636Q104 2,103 5,000 SH SOLE 5,000 0 0 MATTEL, INC. CMN COM 577081102 2,642 78,500 SH SOLE 78,500 0 0 MC DONALDS CORP CMN COM 580135101 6,622 67,500 SH SOLE 67,500 0 0 MCGRAW-HILL COMPANIES INC CMN COM 580645109 2,424 50,000 SH SOLE 50,000 0 0 MEDTRONIC INC CMN COM 585055106 4,005 102,183 SH SOLE 102,183 0 0 MERCK & CO., INC. CMN COM 58933Y105 5,898 153,600 SH SOLE 153,600 0 0 MICROSOFT CORPORATION CMN COM 594918104 11,681 362,130 SH SOLE 362,130 0 0 MORGAN STANLEY ASIA PACIFIC FUND INC COM 61744U106 28 1,864 SH SOLE 1,864 0 0 MUTUAL FUND NAVARRE CORP CMN COM 639208107 316 177,270 SH SOLE 177,270 0 0 NEW FRONTIER MEDIA INC CMN COM 644398109 36 23,325 SH SOLE 23,325 0 0 NOKIA CORP SPON ADR SPONSORED ADR CMN COM 654902204 1 167 SH SOLE 167 0 0 NUVEEN MULTI-STRATEGY INCOME AND COM 67073D102 1,267 141,040 SH SOLE 141,040 0 0 GROWTH FUND 2 MUTUAL FUND OCCIDENTAL PETROLEUM CORP CMN COM 674599105 6,285 66,000 SH SOLE 66,000 0 0 OCH-ZIFF CAPITAL MGMT, L.L.C. CMN COM 67551U105 9 1,000 SH SOLE 1,000 0 0 CLASS A PACIFIC PREMIER BANCORP CMN COM 69478X105 888 110,971 SH SOLE 110,971 0 0 PEOPLES BANCORP INC CMN COM 709789101 1,948 111,050 SH SOLE 111,050 0 0 PFIZER INC. CMN COM 717081103 2,944 130,000 SH SOLE 130,000 0 0 PHILIP MORRIS INTL INC CMN COM 718172109 17,722 200,000 SH SOLE 200,000 0 0 PROGRESSIVE CORPORATION (THE) CMN COM 743315103 5,874 253,396 SH SOLE 253,396 0 0 QC HOLDINGS, INC. CMN COM 74729T101 11 2,749 SH SOLE 2,749 0 0 REGIONS FINANCIAL CORPORATION CMN COM 7591EP100 2,851 432,700 SH SOLE 432,700 0 0 CHARLES SCHWAB CORPORATION CMN COM 808513105 3,108 216,300 SH SOLE 216,300 0 0 STANLEY FURNITURE INC (NEW) CMN COM 854305208 3,075 640,615 SH SOLE 640,615 0 0 STAPLES, INC. CMN COM 855030102 596 36,800 SH SOLE 36,800 0 0 STATE STREET CORPORATION (NEW) CMN COM 857477103 6,078 133,577 SH SOLE 133,577 0 0 STEWART INFORMATION SVCS CORP CMN COM 860372101 2,834 199,440 SH SOLE 199,440 0 0 STEWART INFORMATION SERV 6.00000000 CNV 860372AB7 3,810 3,000,000 PRN SOLE 3,000,000 0 0 10/15/2014 CONV AO SYMANTEC CORP CMN COM 871503108 1,122 60,000 SH SOLE 60,000 0 0

FORM 13F INFORMATION TABLE 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 MANAGERS SOLE SHARED NONE ------------------------------------- -------------- --------- -------- --------- --- ---- ---------- -------- --------- ------ ---- TJX COMPANIES INC (NEW) CMN COM 872540109 1,986 50,000 SH SOLE 50,000 0 0 TARGET CORPORATION CMN COM 87612E106 4,662 80,000 SH SOLE 80,000 0 0 3M COMPANY CMN COM 88579Y101 446 5,000 SH SOLE 5,000 0 0 TOLL BROTHERS, INC. CMN COM 889478103 2,010 83,800 SH SOLE 83,800 0 0 TOWER GROUP, INC. CMN COM 891777104 2,237 99,736 SH SOLE 99,736 0 0 TOWERS WATSON & CO CMN CLASS A COM 891894107 2,846 43,083 SH SOLE 43,083 0 0 TRUEBLUE, INC. CMN COM 89785X101 1,124 62,850 SH SOLE 62,850 0 0 TUESDAY MORNING CORP CMN COM 899035505 768 200,050 SH SOLE 200,050 0 0 PUT/UA @ 60 EXP 07/21/2012 PUT 904311107 1 15 SH PUT SOLE 15 0 0 PUT/UA @ 72.5 EXP 07/21/2012 PUT 904311107 7 50 SH PUT SOLE 50 0 0 PUT/UA @ 70 EXP 07/21/2012 PUT 904311107 12 112 SH PUT SOLE 112 0 0 PUT/UA @ 67.5 EXP 07/21/2012 PUT 904311107 18 210 SH PUT SOLE 210 0 0 UNITED ONLINE INC CMN COM 911268100 492 100,710 SH SOLE 100,710 0 0 UNITED PARCEL SERVICE, INC. CLASS B COM 911312106 7,918 98,091 SH SOLE 98,091 0 0 COMMON STOCK UNITEDHEALTH GROUP INCORPORATE*D CMN COM 91324P102 5,770 97,900 SH SOLE 97,900 0 0 UNIVERSAL AMERICAN CORP. CMN COM 91338E101 416 38,600 SH SOLE 38,600 0 0 VALSPAR CORP CMN COM 920355104 324 6,700 SH SOLE 6,700 0 0 VANGUARD MSCI EAFE ETF CMN ETF ETF 921943858 15 434 SH SOLE 434 0 0 VANGUARD FTSE ALL-WORLD EX-US INDEX ETF 922042775 24 542 SH SOLE 542 0 0 FUND ETF VISA INC. CMN CLASS A COM 92826C839 3,068 26,000 SH SOLE 26,000 0 0 VITACOST.COM, INC. CMN CLASS COM 92847A200 195 24,500 SH SOLE 24,500 0 0 WAL MART STORES INC CMN COM 931142103 3,424 55,940 SH SOLE 55,940 0 0 WASTE MANAGEMENT INC CMN COM 94106L109 3,702 105,900 SH SOLE 105,900 0 0 WEST BANCORPORATION INC CMN COM 95123P106 1,449 145,006 SH SOLE 145,006 0 0 AMDOCS LIMITED ORDINARY SHARES COM G02602103 2,577 81,600 SH SOLE 81,600 0 0 AXIS CAPITAL HOLDINGS, LTD. CMN COM G0692U109 1,327 40,000 SH SOLE 40,000 0 0 ACCENTURE PLC CMN COM G1151C101 4,687 72,665 SH SOLE 72,665 0 0 COVIDIEN PUBLIC LIMITED COMPAN*Y CMN COM G2554F113 6,879 125,800 SH SOLE 125,800 0 0 HELEN OF TROY LTD (NEW) CMN COM G4388N106 3,313 97,420 SH SOLE 97,420 0 0 TYCO INTERNATIONAL LTD CMN COM H89128104 2,073 36,900 SH SOLE 36,900 0 0 LYONDELLBASELL INDUSTRIES N.V. CMN COM N53745100 7,403 169,600 SH SOLE 169,600 0 0 CLASS A