0001140361-11-051851.txt : 20111104 0001140361-11-051851.hdr.sgml : 20111104 20111104151849 ACCESSION NUMBER: 0001140361-11-051851 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20110930 FILED AS OF DATE: 20111104 DATE AS OF CHANGE: 20111104 EFFECTIVENESS DATE: 20111104 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: 111180879 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: 9/30/2011 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, Colorado 11/4/2011 --------------------------------- --------------------------------- ---------- [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: 144 Form 13F Information Table Value Total: $ 327,407 -------------- (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 4,858 95,000 SH SOLE 95,000 0 0 ACETO CORP CMN COM 004446100 501 94,651 SH SOLE 94,651 0 0 AETNA INC CMN COM 00817Y108 2,907 80,000 SH SOLE 80,000 0 0 AIR T INC CMN COM 009207101 16 2,125 SH SOLE 2,125 0 0 ALPHA PRO TECH LTD CMN COM 020772109 6 5,600 SH SOLE 5,600 0 0 AMERICAN GREETINGS CORPORATION CMN COM 026375105 4 210 SH SOLE 210 0 0 CLASS A AMERICAN REPROGRAPHICS CO CMN COM 029263100 592 176,243 SH SOLE 176,243 0 0 AMERICAN VANGUARD CORPORATION CMN COM 030371108 141 12,600 SH SOLE 12,600 0 0 AMERISOURCEBERGEN CORPORATION CMN COM 03073E105 2,050 55,000 SH SOLE 55,000 0 0 AMERISERV FINL INC CMN COM 03074A102 66 34,711 SH SOLE 34,711 0 0 APACHE CORP. CMN COM 037411105 2,800 34,900 SH SOLE 34,900 0 0 APPLE, INC. CMN COM 037833100 19,180 50,300 SH SOLE 50,300 0 0 APPLIED MATERIALS INC CMN COM 038222105 2,257 218,000 SH SOLE 218,000 0 0 BALL CORPORATION CMN COM 058498106 31 1,000 SH SOLE 1,000 0 0 THE BANCORP INC CMN COM 05969A105 257 35,850 SH SOLE 35,850 0 0 BANK OF MARIN BANCORP CMN COM 063425102 206 6,237 SH SOLE 6,237 0 0 THE BANK OF NY MELLON CORP CMN COM 064058100 1,952 105,000 SH SOLE 105,000 0 0 BARRY R G CORP (OHIO) CMN COM 068798107 577 54,440 SH SOLE 54,440 0 0 BAXTER INTERNATIONAL INC CMN COM 071813109 2,541 45,269 SH SOLE 45,269 0 0 BECTON DICKINSON & CO CMN COM 075887109 3,869 52,766 SH SOLE 52,766 0 0 BLACK BOX CORP (DE) CMN COM 091826107 33 1,535 SH SOLE 1,535 0 0 H & R BLOCK INC. CMN COM 093671105 1,033 77,622 SH SOLE 77,622 0 0 BRISTOL-MYERS SQUIBB COMPANY CMN COM 110122108 2,981 95,000 SH SOLE 95,000 0 0 CIT GROUP INC. CMN CLASS COM 125581801 2,150 70,800 SH SOLE 70,800 0 0 CNO FINANCIAL GROUP INC CMN COM 12621E103 2,687 496,698 SH SOLE 496,698 0 0 CA, INC. CMN COM 12673P105 3,090 159,183 SH SOLE 159,183 0 0 CAMBIUM LEARNING GROUP, INC. CMN COM 13201A107 6 1,858 SH SOLE 1,858 0 0 CAPITAL ONE FINANCIAL CORP CMN COM 14040H105 9,313 235,000 SH SOLE 235,000 0 0 CAPITALSOURCE INC. CMN COM 14055X102 686 111,800 SH SOLE 111,800 0 0 PUT/CAT @ 75 EXP 01/19/2013 PUT 149123101 90 50 SH PUT SOLE 50 0 0 PUT/CAT @ 70 EXP 01/19/2013 PUT 149123101 122 80 SH PUT SOLE 80 0 0 CENTER FINANCIAL CORPORATION CMN COM 15146E102 502 107,003 SH SOLE 107,003 0 0 CENTRAL SECURITIES CORP. MUTUAL FUND COM 155123102 7 354 SH SOLE 354 0 0 CHEVRON CORPORATION CMN COM 166764100 11,009 118,900 SH SOLE 118,900 0 0 CHINA FUND INC. Closed-End Fund COM 169373107 741 32,209 SH SOLE 32,209 0 0 CHUBB CORP CMN COM 171232101 3,479 58,000 SH SOLE 58,000 0 0 CIBER INC CMN COM 17163B102 721 237,814 SH SOLE 237,814 0 0 CITIGROUP INC. CMN COM 172967424 6,147 239,970 SH SOLE 239,970 0 0 CITIZENS REPUBLIC BANCORP INC CMN COM 174420307 1,733 250,494 SH SOLE 250,494 0 0 COCA-COLA COMPANY (THE) CMN COM 191216100 13,136 194,433 SH SOLE 194,433 0 0 COHEN & STEERS INFRA FUND INC MUTUAL COM 19248A109 126 8,100 SH SOLE 8,100 0 0 FUND CONOCOPHILLIPS CMN COM 20825C104 3,191 50,400 SH SOLE 50,400 0 0 CONTINENTAL MATERIALS CORP CMN COM 211615307 62 4,771 SH SOLE 4,771 0 0 D.R. HORTON, INC. CMN COM 23331A109 2,830 313,000 SH SOLE 313,000 0 0 CALL/DHI @ 15 EXP 01/21/2012 CALL 23331A109 1 40 SH CALL SOLE 40 0 0 CALL/DHI @ 17.5 EXP 01/21/2012 CALL 23331A109 1 280 SH CALL SOLE 280 0 0 CALL/DHI @ 12.5 EXP 01/21/2012 CALL 23331A109 5 300 SH CALL SOLE 300 0 0 DOVER DOWNS GAMING & ENTMT INC CMN COM 260095104 37 16,157 SH SOLE 16,157 0 0 DR PEPPER SNAPPLE GROUP, INC. CMN COM 26138E109 1,939 50,000 SH SOLE 50,000 0 0 EASYLINK SERVICES INTL CORP CMN COM 277858106 276 63,705 SH SOLE 63,705 0 0 CLASS A EBAY INC. CMN COM 278642103 6,287 213,200 SH SOLE 213,200 0 0 CALL/EBAY @ 35 EXP 01/21/2012 CALL 278642103 8 64 SH CALL SOLE 64 0 0 CALL/EBAY @ 30 EXP 01/21/2012 CALL 278642103 101 322 SH CALL SOLE 322 0 0 CALL/EBAY @ 25 EXP 01/21/2012 CALL 278642103 208 335 SH CALL SOLE 335 0 0 ENDO PHARMACEUTICALS HLDGS INC CMN COM 29264F205 1,413 50,500 SH SOLE 50,500 0 0 ENGLOBAL CORPORATION CMN COM 293306106 775 286,133 SH SOLE 286,133 0 0 EQUIFAX INC CMN COM 294429105 1,565 50,900 SH SOLE 50,900 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 ------------------------------------- -------------- --------- -------- --------- --- ---- ---------- -------- --------- ------ ---- EXPEDIA, INC. CMN COM 30212P105 1,416 55,000 SH SOLE 55,000 0 0 E Z CORP INC CL-A NON VTG CMN CLASS A COM 302301106 2,590 90,736 SH SOLE 90,736 0 0 FEDFIRST FINANCIAL CORPORATION CMN COM 31429C101 59 4,390 SH SOLE 4,390 0 0 FIFTH THIRD BANCORP CMN COM 316773100 2,698 267,100 SH SOLE 267,100 0 0 FIRST DEFIANCE FINANCIAL CORP. CMN COM 32006W106 1,738 132,290 SH SOLE 132,290 0 0 FIRST PLACE FINANCIAL/OHIO CMN COM 33610T109 49 55,819 SH SOLE 55,819 0 0 FONAR CORPORATION CMN COM 344437405 2 1,000 SH SOLE 1,000 0 0 FRIEDMAN INDS INC CMN COM 358435105 90 10,285 SH SOLE 10,285 0 0 FROZEN FOOD EXPRESS INDS INC CMN COM 359360104 75 37,505 SH SOLE 37,505 0 0 GABELLI DIVIDEND & INCM TRUST MUTUAL COM 36242H104 1,354 98,886 SH SOLE 98,886 0 0 FUND GABELLI HEALTHCARE & WELLNESSR*X COM 36246K103 140 21,020 SH SOLE 21,020 0 0 TRUST (THE) MUTUAL FUND GAP INC CMN COM 364760108 487 30,000 SH SOLE 30,000 0 0 GENERAL ELECTRIC CO CMN COM 369604103 737 48,400 SH SOLE 48,400 0 0 GIBRALTAR INDUSTRIES INC CMN COM 374689107 310 38,233 SH SOLE 38,233 0 0 GOLDMAN SACHS GROUP, INC.(THE) CMN COM 38141G104 3,357 35,500 SH SOLE 35,500 0 0 HEWLETT-PACKARD CO. CMN COM 428236103 1,266 56,400 SH SOLE 56,400 0 0 THE HOME DEPOT, INC. CMN COM 437076102 2,183 66,400 SH SOLE 66,400 0 0 INFUSYSTEM HOLDINGS, INC. CMN COM 45685K102 10 10,000 SH SOLE 10,000 0 0 INSPERITY INC CMN COM 45778Q107 1,342 60,329 SH SOLE 60,329 0 0 INTEL CORPORATION CMN COM 458140100 11,000 515,600 SH SOLE 515,600 0 0 CALL/INTC @ 25 EXP 01/21/2012 CALL 458140100 14 333 SH CALL SOLE 333 0 0 ISHARES MSCI JAPAN INDEX FD MARKET ETF 464286848 405 42,800 SH SOLE 42,800 0 0 INDEX ge. JDS UNIPHASE CORPORATION CMN COM 46612J507 484 48,500 SH SOLE 48,500 0 0 JPMORGAN CHASE & CO CMN COM 46625H100 9,653 320,500 SH SOLE 320,500 0 0 JANUS CAPITAL GROUP INC. CMN COM 47102X105 643 107,100 SH SOLE 107,100 0 0 JOHNSON & JOHNSON CMN COM 478160104 21,529 338,021 SH SOLE 338,021 0 0 KRAFT FOODS INC. CMN CLASS A COM 50075N104 2,351 70,000 SH SOLE 70,000 0 0 LIBBEY INC. CMN COM 529898108 2 200 SH SOLE 200 0 0 LIBERTY ALL-STAR EQUITY FD(SBI COM 530158104 171 41,800 SH SOLE 41,800 0 0 MUTUAL FUND ELI LILLY & CO CMN COM 532457108 555 15,000 SH SOLE 15,000 0 0 LOUISIANA PACIFIC CORP CMN COM 546347105 689 135,165 SH SOLE 135,165 0 0 MVC CAPITAL INC CLOSED END FUND COM 553829102 204 19,500 SH SOLE 19,500 0 0 MASTERCARD INCORPORATED CMN CLASS A COM 57636Q104 1,586 5,000 SH SOLE 5,000 0 0 MATTEL, INC. CMN COM 577081102 2,032 78,500 SH SOLE 78,500 0 0 MC DONALDS CORP CMN COM 580135101 5,928 67,500 SH SOLE 67,500 0 0 MEDICIS PHARMACEUTICAL CORP CL-A COM 584690309 948 26,000 SH SOLE 26,000 0 0 (NEW) CLASS A MEDTRONIC INC CMN COM 585055106 3,397 102,183 SH SOLE 102,183 0 0 MERCK & CO., INC. CMN COM 58933Y105 2,080 63,600 SH SOLE 63,600 0 0 MICROSOFT CORPORATION CMN COM 594918104 12,000 482,130 SH SOLE 482,130 0 0 MORGAN STANLEY CMN COM 617446448 1,740 128,800 SH SOLE 128,800 0 0 MORGAN STANLEY ASIA-PACIFIC FUND INC COM 61744U106 29 2,049 SH SOLE 2,049 0 0 NAVARRE CORP CMN COM 639208107 3 1,600 SH SOLE 1,600 0 0 NEW FRONTIER MEDIA INC CMN COM 644398109 26 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 1,109 141,040 SH SOLE 141,040 0 0 GROWTH FUND 2 MUTUAL FUND OCCIDENTAL PETROLEUM CORP CMN COM 674599105 4,719 66,000 SH SOLE 66,000 0 0 PACIFIC PREMIER BANCORP CMN COM 69478X105 175 29,580 SH SOLE 29,580 0 0 PEOPLES BANCORP INC CMN COM 709789101 1,424 129,492 SH SOLE 129,492 0 0 PEPSICO INC CMN COM 713448108 2,786 45,000 SH SOLE 45,000 0 0 PFIZER INC. CMN COM 717081103 3,174 179,500 SH SOLE 179,500 0 0 PHILIP MORRIS INTL INC CMN COM 718172109 14,971 240,000 SH SOLE 240,000 0 0 PROGRESSIVE CORPORATION (THE) CMN COM 743315103 4,500 253,396 SH SOLE 253,396 0 0 QC HOLDINGS, INC. CMN COM 74729T101 8 2,749 SH SOLE 2,749 0 0 REGIONS FINANCIAL CORPORATION CMN COM 7591EP100 1,441 432,700 SH SOLE 432,700 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 ------------------------------------- -------------- --------- -------- --------- --- ---- ---------- -------- --------- ------ ---- RENT-A-CENTER INC CMN COM 76009N100 2,430 88,539 SH SOLE 88,539 0 0 PUT/CRM @ 85 EXP 01/21/2012 PUT 79466L302 50 100 SH PUT SOLE 100 0 0 PUT/CRM @ 90 EXP 01/21/2012 PUT 79466L302 62 100 SH PUT SOLE 100 0 0 PUT/CRM @ 100 EXP 02/18/2012 PUT 79466L302 106 100 SH PUT SOLE 100 0 0 PUT/CRM @ 110 EXP 02/18/2012 PUT 79466L302 147 100 SH PUT SOLE 100 0 0 CHARLES SCHWAB CORPORATION CMN COM 808513105 2,156 191,300 SH SOLE 191,300 0 0 STANLEY FURNITURE INC (NEW) CMN COM 854305208 2,447 843,958 SH SOLE 843,958 0 0 STAPLES, INC. CMN COM 855030102 489 36,800 SH SOLE 36,800 0 0 STATE STREET CORPORATION (NEW) CMN COM 857477103 2,894 90,000 SH SOLE 90,000 0 0 STEWART INFORMATION SVCS CORP CMN COM 860372101 1,777 201,042 SH SOLE 201,042 0 0 STEWART INFORMATION SERV 6.00000000 CNV 860372AB7 2,850 3,000,000 PRN SOLE 3,000,000 0 0 10/15/2014 CONV AO TJX COMPANIES INC (NEW) CMN COM 872540109 1,109 20,000 SH SOLE 20,000 0 0 3M COMPANY CMN COM 88579Y101 359 5,000 SH SOLE 5,000 0 0 TOLL BROTHERS, INC. CMN COM 889478103 1,799 124,700 SH SOLE 124,700 0 0 TOWER GROUP, INC. CMN COM 891777104 2,280 99,736 SH SOLE 99,736 0 0 THE TRAVELERS COMPANIES, INC CMN COM 89417E109 1,096 22,500 SH SOLE 22,500 0 0 TUESDAY MORNING CORP CMN COM 899035505 704 200,050 SH SOLE 200,050 0 0 UNITED ONLINE INC CMN COM 911268100 527 100,710 SH SOLE 100,710 0 0 UNITED PARCEL SERVICE, INC. CLASS B COM 911312106 4,300 68,091 SH SOLE 68,091 0 0 COMMON STOCK VALSPAR CORP CMN COM 920355104 209 6,700 SH SOLE 6,700 0 0 VANGUARD MSCI EAFE ETF CMN ETF ETF 921943858 13 434 SH SOLE 434 0 0 VANGUARD FTSE ALL-WORLD EX-US INDEX ETF 922042775 21 542 SH SOLE 542 0 0 FUND ETF VISA INC. CMN CLASS A COM 92826C839 2,229 26,000 SH SOLE 26,000 0 0 VITACOST.COM, INC. CMN CLASS COM 92847A200 117 24,500 SH SOLE 24,500 0 0 WAL MART STORES INC CMN COM 931142103 16,032 308,900 SH SOLE 308,900 0 0 WALGREEN CO. CMN COM 931422109 5,098 155,000 SH SOLE 155,000 0 0 WASTE MANAGEMENT INC CMN COM 94106L109 3,448 105,900 SH SOLE 105,900 0 0 WEST BANCORPORATION INC CMN COM 95123P106 1,322 155,906 SH SOLE 155,906 0 0 WESTERN UNION COMPANY (THE) CMN COM 959802109 1,141 74,655 SH SOLE 74,655 0 0 AXIS CAPITAL HOLDINGS, LTD. CMN COM G0692U109 1,038 40,000 SH SOLE 40,000 0 0 ACCENTURE PLC CMN COM G1151C101 10,466 198,665 SH SOLE 198,665 0 0 COVIDIEN PUBLIC LIMITED COMPAN*Y CMN COM G2554F113 2,205 50,000 SH SOLE 50,000 0 0 TYCO INTERNATIONAL LTD CMN COM H89128104 1,504 36,900 SH SOLE 36,900 0 0