JBF Capital, Inc.
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 13, 2025), JBF Capital, Inc. reported 68 stock positions worth $583.4 million. Its top holding was Vanguard S&P 500 ETF (VOO) at 47.0% of the portfolio, followed by Microsoft (MSFT, 12.9%) and Amazon.com (AMZN, 10.2%). Compared with Q3 2024, it opened 12 new positions, sold out of 25, added to 5 and reduced 13. The biggest buy was a new position in GSK PLC-Spon ADR (GSK) and the biggest sale an exit from Canadian Natural Resources (CNQ).
- Most Recent 13F
- Q2 2026
- Location
- Aspen, CO
- CIK
- 0001483864
- Portfolio Value
- $583.4M (Q4 2024)
- SEC Filing
- 0000935836-25-000139 ↗ filed Feb 13, 2025
Holdings Value
Holdings 68 stocks · $583.4M
| VOO Vanguard S&P 500 ETF | 47.02% | 509,121 | $274.3M | No change |
| MSFT Microsoft Corp. | 12.93% | 179,000 | $75.4M | No change |
| AMZN Amazon.com Inc. | 10.23% | 272,000 | $59.7M | No change |
| GRBK Green Brick Partners Inc. | 4.23% | 436,530 | $24.7M | No change |
| IBIT iShares Bitcoin Trust ETF | 2.25% | 247,000 | $13.1M | Add +18.8% |
| ORCL Oracle Corp. | 2.00% | 70,000 | $11.7M | No change |
| VST Vistra Corp. | 1.89% | 80,000 | $11.0M | No change |
| LOW Lowe's Cos Inc. | 1.69% | 40,000 | $9.9M | No change |
| CORZ Core Scientific Inc. | 1.37% | 567,093 | $8.0M | Add +9.1% |
| HD Home Depot Inc. | 1.23% | 18,400 | $7.2M | No change |
| GSK GSK PLC-Spon ADR | 1.16% | 200,000 | $6.8M | New |
| AAPL Apple Inc. | 1.12% | 26,000 | $6.5M | No change |
| NVDA Nvidia Corp. | 0.90% | 39,000 | $5.2M | No change |
| GOOGL Alphabet Inc. Class A | 0.81% | 25,000 | $4.7M | No change |
| NFLX Netflix Inc. | 0.76% | 5,000 | $4.5M | Add +38.9% |
| AVGO Broadcom Inc. | 0.72% | 18,000 | $4.2M | No change |
| BITX 2X Bitcoin ETF | 0.67% | 75,000 | $3.9M | New |
| BITU Proshares Ultra Bitcoin ETF | 0.64% | 75,000 | $3.7M | New |
| C Citigroup Inc. | 0.60% | 50,000 | $3.5M | No change |
| DELL Dell Technologies -C | 0.59% | 30,000 | $3.5M | Reduce -60.0% |
| NOW ServiceNow Inc. | 0.58% | 3,204 | $3.4M | New |
| CRWD CrowdStrike Holdings Inc. Class A | 0.56% | 9,537 | $3.3M | New |
| META Meta Platforms Inc. Class A | 0.55% | 5,500 | $3.2M | No change |
| GOOG Alphabet Inc. Class C | 0.54% | 16,500 | $3.1M | No change |
| KF Korea Fund Inc. | 0.45% | 142,000 | $2.6M | No change |
| DHIL Diamond Hill Investment Grp | 0.41% | 15,388 | $2.4M | Reduce -41.7% |
| AER Aercap Holdings NV | 0.36% | 22,000 | $2.1M | Reduce -1.4% |
| GTX Garrett Motion Inc. | 0.28% | 177,861 | $1.6M | No change |
| CRH CRH PLC | 0.24% | 15,000 | $1.4M | No change |
| JPM JPMorgan Chase & Co. | 0.21% | 5,000 | $1.2M | No change |
| SYF Synchrony Financial | 0.19% | 17,000 | $1.1M | Reduce -17.1% |
| SF Stifel Financial Corp. | 0.18% | 10,000 | $1.1M | No change |
| RSP Invesco S&P 500 Equal Weight | 0.18% | 6,000 | $1.1M | No change |
| NLOP Net Lease Office Property | 0.17% | 32,228 | $1.0M | No change |
| COF Capital One Financial Corp. | 0.15% | 5,000 | $892K | Reduce -37.5% |
| MU Micron Technology Inc. | 0.14% | 10,000 | $842K | Reduce -93.9% |
| SLM SLM Corp. | 0.14% | 30,000 | $827K | Reduce -25.0% |
| LU Lufax Holding Ltd.-ADR | 0.14% | 339,884 | $812K | Reduce -1.4% |
| XPO Xpo Inc. | 0.13% | 6,000 | $787K | No change |
| EDR Endeavor Group Hold Class A | 0.12% | 21,700 | $679K | Reduce -5.7% |
| LAUR Laureate Education Inc. | 0.11% | 35,000 | $640K | No change |
| XPEL Xpel Inc. | 0.10% | 15,000 | $599K | No change |
| ET Energy Transfer LP | 0.10% | 30,000 | $588K | No change |
| NLY Annaly Capital Management Inc. | 0.09% | 30,000 | $549K | No change |
| DFS Discover Financial Services | 0.09% | 3,000 | $520K | Reduce -51.6% |
| PBR Petroleo Brasileiro-Spon ADR | 0.09% | 43,000 | $509K | Add +7.5% |
| BBVA Banco Bilbao Vizcaya-SP ADR | 0.09% | 51,000 | $496K | No change |
| BHVN Biohaven Ltd. | 0.08% | 13,150 | $491K | No change |
| VMD Viemed Healthcare Inc. | 0.06% | 43,578 | $349K | No change |
| INBX Inhibrx Biosciences Inc. | 0.06% | 20,949 | $323K | No change |
| BFH Bread Financial Holdings Inc. | 0.05% | 5,000 | $305K | Reduce -39.8% |
| AMP Ameriprise Financial Inc. | 0.05% | 570 | $303K | Reduce -43.0% |
| BMTX BM Technologies Inc. | 0.05% | 60,400 | $295K | New |
| VTI VG Morningstar TS MKT ETF-US | 0.05% | 1,000 | $290K | No change |
| MSTR Strategy Inc. filed as MICROSTRATEGY INC | 0.05% | 1,000 | $290K | New |
| OMF Onemain Holdings Inc. | 0.04% | 5,000 | $261K | Reduce -23.1% |
| SRG Seritage Growth Prop- A | 0.04% | 60,000 | $247K | No change |
| GBNY Generations Bancorp NY Inc. | 0.04% | 16,000 | $242K | No change |
| TTEC Ttec Holdings Inc. filed as TTEC HLDGS INC | 0.04% | 45,000 | $225K | New |
| GPRK Geopark Ltd. | 0.03% | 20,000 | $185K | New |
| CRNT Ceragon Networks Ltd. | 0.03% | 36,458 | $170K | New |
| EC Ecopetrol SA-Sponsored ADR | 0.03% | 20,000 | $158K | New |
| SBT Sterling Bancorp Inc. | 0.03% | 31,934 | $152K | New |
| BOOM DMC Global Inc. | 0.03% | 20,000 | $147K | Add +100.0% |
| NOAH Noah Holdings Ltd.-Spon ADS filed as NOAH HLDGS LTD | 0.02% | 11,000 | $129K | No change |
| IKENA ONCOLOGY INC | 0.02% | 72,647 | $119K | No change |
| TKC Turkcell Iletisim Hizmet-ADR | 0.02% | 15,000 | $98K | No change |
| BHILQ Benson Hill Inc. | 0.01% | 18,571 | $37K | No change |
Options reported separately and not counted above: MSFT puts ($460K), SPY puts ($353K), AMZN puts ($318K), HPQ calls ($116K), GSK calls ($45K), INTC calls ($15K), CVNA puts ($180).
Portfolio Sells Q3 2024 → Q4 2024
| CNQ Canadian Natural Resources | Sold out | 0.00% | −2.62 |
| MU Micron Technology Inc. | Reduce -93.9% | 0.14% | −2.41 |
| CVE Cenovus Energy Inc. | Sold out | 0.00% | −1.46 |
| URI United Rentals Inc. | Sold out | 0.00% | −1.21 |
| VAL Valaris Ltd. | Sold out | 0.00% | −1.16 |
| SHEL Shell PLC-ADR | Sold out | 0.00% | −0.99 |
| TM Toyota Motor Corp. -Spon ADR | Sold out | 0.00% | −0.90 |
| XBI SS SPDR S&P Biotech ETF | Sold out | 0.00% | −0.88 |
| FBTC Fidelity Wise Origin Bitcoin | Sold out | 0.00% | −0.79 |
| DELL Dell Technologies -C | Reduce -60.0% | 0.59% | −0.73 |
| HPQ HP Inc. | Sold out | 0.00% | −0.54 |
| KSPI JSC Kaspi.kz ADR | Sold out | 0.00% | −0.47 |
| CONSOL ENERGY INC | Sold out | 0.00% | −0.47 |
| CROX Crocs Inc. | Sold out | 0.00% | −0.45 |
| AAP Advance Auto Parts Inc. | Sold out | 0.00% | −0.44 |
| GM General Motors Co. | Sold out | 0.00% | −0.40 |
| PRSU Pursuit Attractions and Hosp | Sold out | 0.00% | −0.36 |
| SNOW Snowflake Inc. | Sold out | 0.00% | −0.33 |
| ARC Arc Document Solutions Inc. | Sold out | 0.00% | −0.33 |
| TSM Taiwan Semiconductor-SP ADR | Sold out | 0.00% | −0.26 |
| EQT Eqt Corp. | Sold out | 0.00% | −0.25 |
| DHIL Diamond Hill Investment Grp | Reduce -41.7% | 0.41% | −0.23 |
| FETH Fidelity Ethereum Fund | Sold out | 0.00% | −0.16 |
| DFS Discover Financial Services | Reduce -51.6% | 0.09% | −0.04 |
| LU Lufax Holding Ltd.-ADR | Reduce -1.4% | 0.14% | −0.04 |
| TELL Tellurian Inc. | Sold out | 0.00% | −0.03 |
| TCSGQ Container Store Group Inc. | Sold out | 0.00% | −0.03 |
| EMKR Emcore Corp. | Sold out | 0.00% | −0.03 |
| COF Capital One Financial Corp. | Reduce -37.5% | 0.15% | −0.03 |
| RENEO PHARMACEUTICALS INC | Sold out | 0.00% | −0.02 |
| AMP Ameriprise Financial Inc. | Reduce -43.0% | 0.05% | −0.02 |
| SDIG Stronghold Digital Mining-A | Sold out | 0.00% | −0.02 |
| BFH Bread Financial Holdings Inc. | Reduce -39.8% | 0.05% | −0.01 |
| OMF Onemain Holdings Inc. | Reduce -23.1% | 0.04% | −0.00 |
| SLM SLM Corp. | Reduce -25.0% | 0.14% | +0.01 |
| EDR Endeavor Group Hold Class A | Reduce -5.7% | 0.12% | +0.02 |
| SYF Synchrony Financial | Reduce -17.1% | 0.19% | +0.04 |
| AER Aercap Holdings NV | Reduce -1.4% | 0.36% | +0.05 |
Portfolio Buys Q3 2024 → Q4 2024
| GSK GSK PLC-Spon ADR | New | 1.16% | +1.16 |
| IBIT iShares Bitcoin Trust ETF | Add +18.8% | 2.25% | +1.12 |
| BITX 2X Bitcoin ETF | New | 0.67% | +0.67 |
| BITU Proshares Ultra Bitcoin ETF | New | 0.64% | +0.64 |
| NOW ServiceNow Inc. | New | 0.58% | +0.58 |
| CRWD CrowdStrike Holdings Inc. Class A | New | 0.56% | +0.56 |
| CORZ Core Scientific Inc. | Add +9.1% | 1.37% | +0.45 |
| NFLX Netflix Inc. | Add +38.9% | 0.76% | +0.38 |
| BMTX BM Technologies Inc. | New | 0.05% | +0.05 |
| MSTR Strategy Inc. | New | 0.05% | +0.05 |
| TTEC Ttec Holdings Inc. | New | 0.04% | +0.04 |
| GPRK Geopark Ltd. | New | 0.03% | +0.03 |
| CRNT Ceragon Networks Ltd. | New | 0.03% | +0.03 |
| EC Ecopetrol SA-Sponsored ADR | New | 0.03% | +0.03 |
| SBT Sterling Bancorp Inc. | New | 0.03% | +0.03 |
| PBR Petroleo Brasileiro-Spon ADR | Add +7.5% | 0.09% | +0.01 |
| BOOM DMC Global Inc. | Add +100.0% | 0.03% | +0.01 |
Options Activity Q3 2024 → Q4 2024
| MSFT Microsoft Corp. | put | New | 1,000 | $460K |
| SPY SS SPDR S&P 500 ETF Trust-US | put | New | 1,000 | $353K |
| AMZN Amazon.com Inc. | put | New | 1,000 | $318K |
| CROX Crocs Inc. | put | Sold out | 210 | $155Kbefore exit |
| HPQ HP Inc. | call | Reduce -5.0% | 190 | $116K |
| GSK GSK PLC-Spon ADR | call | New | 200 | $45K |
| TSLA Tesla Inc. | put | Sold out | 2,300 | $22Kbefore exit |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 98 | $763.6M | VOO, AMZN, MSFT, GOOGL, GRBK |
| Q1 2026 | 110 | $674.3M | VOO, MSFT, AMZN, GOOGL, GRBK |
| Q4 2025 | 76 | $691.6M | VOO, MSFT, AMZN, GOOGL, GRBK |
| Q3 2025Amended | 76 | $704.4M | VOO, MSFT, AMZN, GRBK, QQQ |
| Q2 2025 | 63 | $626.6M | VOO, MSFT, AMZN, GRBK, QQQ |
| Q1 2025 | 63 | $519.8M | VOO, MSFT, AMZN, GRBK, IBIT |
| Q4 2024 | 68 | $583.4M | VOO, MSFT, AMZN, GRBK, IBIT |
| Q3 2024 | 81 | $669.9M | VOO, MSFT, AMZN, GRBK, CNQ |
| Q2 2024 | 81 | $646.3M | VOO, MSFT, AMZN, GRBK, MU |
| Q1 2024 | 76 | $611.8M | VOO, MSFT, AMZN, GRBK, MU |