JBF Capital, Inc.
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 8, 2025), JBF Capital, Inc. reported 63 stock positions worth $519.8 million. Its top holding was Vanguard S&P 500 ETF (VOO) at 50.3% of the portfolio, followed by Microsoft (MSFT, 12.9%) and Amazon.com (AMZN, 10.0%). Compared with Q4 2024, it opened 8 new positions, sold out of 13, added to 6 and reduced 11. The biggest buy was Micron Technology (MU, shares +700%) and the biggest sale an exit from Oracle (ORCL).
- Most Recent 13F
- Q2 2026
- Location
- Aspen, CO
- CIK
- 0001483864
- Portfolio Value
- $519.8M (Q1 2025)
- SEC Filing
- 0000935836-25-000313 ↗ filed May 8, 2025
Holdings Value
Holdings 63 stocks · $519.8M
| VOO Vanguard S&P 500 ETF | 50.33% | 509,121 | $261.6M | No change |
| MSFT Microsoft Corp. | 12.93% | 179,000 | $67.2M | No change |
| AMZN Amazon.com Inc. | 9.96% | 272,000 | $51.8M | No change |
| GRBK Green Brick Partners Inc. | 4.90% | 436,530 | $25.5M | No change |
| IBIT iShares Bitcoin Trust ETF | 2.22% | 247,000 | $11.6M | No change |
| VST Vistra Corp. | 1.81% | 80,000 | $9.4M | No change |
| LOW Lowe's Cos Inc. | 1.74% | 38,800 | $9.0M | Reduce -3.0% |
| NFLX Netflix Inc. | 1.42% | 7,900 | $7.4M | Add +58.0% |
| MU Micron Technology Inc. | 1.34% | 80,000 | $7.0M | Add +700.0% |
| NVDA Nvidia Corp. | 1.02% | 49,000 | $5.3M | Add +25.6% |
| AAPL Apple Inc. | 0.85% | 20,000 | $4.4M | Reduce -23.1% |
| GSK GSK PLC-Spon ADR | 0.75% | 100,000 | $3.9M | Reduce -50.0% |
| GOOGL Alphabet Inc. Class A | 0.74% | 25,000 | $3.9M | No change |
| HD Home Depot Inc. | 0.66% | 9,365 | $3.4M | Reduce -49.1% |
| CRWD CrowdStrike Holdings Inc. Class A | 0.65% | 9,537 | $3.4M | No change |
| NOW ServiceNow Inc. | 0.61% | 4,004 | $3.2M | Add +25.0% |
| META Meta Platforms Inc. Class A | 0.61% | 5,500 | $3.2M | No change |
| VXX Ipath Series B S&P 500 Vix filed as BARCLAYS BANK PLC | 0.59% | 60,000 | $3.1M | New |
| AVGO Broadcom Inc. | 0.58% | 18,000 | $3.0M | No change |
| KF Korea Fund Inc. | 0.55% | 142,000 | $2.8M | No change |
| DELL Dell Technologies -C | 0.53% | 30,000 | $2.7M | No change |
| GOOG Alphabet Inc. Class C | 0.50% | 16,500 | $2.6M | No change |
| AER Aercap Holdings NV | 0.43% | 22,000 | $2.2M | No change |
| DHIL Diamond Hill Investment Grp | 0.42% | 15,388 | $2.2M | No change |
| GTX Garrett Motion Inc. | 0.29% | 177,861 | $1.5M | No change |
| CRH CRH PLC | 0.25% | 15,000 | $1.3M | No change |
| JPM JPMorgan Chase & Co. | 0.24% | 5,000 | $1.2M | No change |
| NLOP Net Lease Office Property | 0.19% | 32,228 | $1.0M | No change |
| LU Lufax Holding Ltd.-ADR | 0.19% | 339,884 | $1.0M | No change |
| SF Stifel Financial Corp. | 0.18% | 10,000 | $943K | No change |
| SYF Synchrony Financial | 0.16% | 16,000 | $847K | Reduce -5.9% |
| COF Capital One Financial Corp. | 0.15% | 4,300 | $771K | Reduce -14.0% |
| TSLL Dirx DLY Tsla Bul 2X ETF-Aui | 0.15% | 80,200 | $764K | New |
| LAUR Laureate Education Inc. | 0.14% | 35,000 | $716K | No change |
| SLM SLM Corp. | 0.14% | 24,000 | $705K | Reduce -20.0% |
| BBVA Banco Bilbao Vizcaya-SP ADR | 0.13% | 51,000 | $695K | No change |
| LWAY Lifeway Foods Inc. | 0.13% | 27,500 | $672K | New |
| CKPT Checkpoint Therapeutics Inc. | 0.13% | 165,000 | $667K | New |
| FNA Paragon 28 Inc. | 0.13% | 50,000 | $653K | New |
| XPO Xpo Inc. | 0.12% | 6,000 | $645K | No change |
| PBR Petroleo Brasileiro-Spon ADR | 0.12% | 46,500 | $606K | Add +8.1% |
| ET Energy Transfer LP | 0.11% | 30,000 | $558K | No change |
| XPEL Xpel Inc. | 0.08% | 15,000 | $441K | No change |
| DFS Discover Financial Services | 0.07% | 2,200 | $376K | Reduce -26.7% |
| VMD Viemed Healthcare Inc. | 0.06% | 43,578 | $317K | No change |
| BHVN Biohaven Ltd. | 0.06% | 13,150 | $316K | No change |
| INBX Inhibrx Biosciences Inc. | 0.06% | 20,949 | $293K | No change |
| MSTR Strategy Inc. filed as MICROSTRATEGY INC | 0.06% | 1,000 | $288K | No change |
| VTI VG Morningstar TS MKT ETF-US | 0.05% | 1,000 | $275K | No change |
| KB KB Financial Group Inc.-ADR filed as KB FINL GROUP INC | 0.05% | 5,000 | $271K | New |
| AMP Ameriprise Financial Inc. | 0.05% | 525 | $254K | Reduce -7.9% |
| BFH Bread Financial Holdings Inc. | 0.05% | 5,000 | $250K | No change |
| BANCOLOMBIA S.A.-SPONS ADR | 0.05% | 6,000 | $241K | New |
| OMF Onemain Holdings Inc. | 0.04% | 4,700 | $230K | Reduce -6.0% |
| EC Ecopetrol SA-Sponsored ADR | 0.04% | 20,000 | $209K | No change |
| SRG Seritage Growth Prop- A | 0.04% | 60,000 | $194K | No change |
| BOOM DMC Global Inc. | 0.03% | 20,000 | $168K | No change |
| SBT Sterling Bancorp Inc. | 0.03% | 32,064 | $155K | Add +0.4% |
| DM Desktop Metal Inc. Class A | 0.03% | 30,000 | $147K | New |
| GPRK Geopark Ltd. | 0.02% | 15,000 | $121K | Reduce -25.0% |
| NOAH Noah Holdings Ltd.-Spon ADS filed as NOAH HLDGS LTD | 0.02% | 11,000 | $104K | No change |
| TKC Turkcell Iletisim Hizmet-ADR | 0.02% | 15,000 | $93K | No change |
| CRNT Ceragon Networks Ltd. | 0.02% | 36,458 | $86K | No change |
Options reported separately and not counted above: GSK calls ($63K), HPQ calls ($55K), INTC calls ($16K).
Portfolio Sells Q4 2024 → Q1 2025
| ORCL Oracle Corp. | Sold out | 0.00% | −2.00 |
| CORZ Core Scientific Inc. | Sold out | 0.00% | −1.37 |
| BITX 2X Bitcoin ETF | Sold out | 0.00% | −0.67 |
| BITU Proshares Ultra Bitcoin ETF | Sold out | 0.00% | −0.64 |
| C Citigroup Inc. | Sold out | 0.00% | −0.60 |
| HD Home Depot Inc. | Reduce -49.1% | 0.66% | −0.57 |
| GSK GSK PLC-Spon ADR | Reduce -50.0% | 0.75% | −0.41 |
| AAPL Apple Inc. | Reduce -23.1% | 0.85% | −0.26 |
| RSP Invesco S&P 500 Equal Weight | Sold out | 0.00% | −0.18 |
| EDR Endeavor Group Hold Class A | Sold out | 0.00% | −0.12 |
| NLY Annaly Capital Management Inc. | Sold out | 0.00% | −0.09 |
| BMTX BM Technologies Inc. | Sold out | 0.00% | −0.05 |
| GBNY Generations Bancorp NY Inc. | Sold out | 0.00% | −0.04 |
| TTEC Ttec Holdings Inc. | Sold out | 0.00% | −0.04 |
| SYF Synchrony Financial | Reduce -5.9% | 0.16% | −0.03 |
| IKENA ONCOLOGY INC | Sold out | 0.00% | −0.02 |
| DFS Discover Financial Services | Reduce -26.7% | 0.07% | −0.02 |
| GPRK Geopark Ltd. | Reduce -25.0% | 0.02% | −0.01 |
| BHILQ Benson Hill Inc. | Sold out | 0.00% | −0.01 |
| SLM SLM Corp. | Reduce -20.0% | 0.14% | −0.01 |
| COF Capital One Financial Corp. | Reduce -14.0% | 0.15% | −0.00 |
| AMP Ameriprise Financial Inc. | Reduce -7.9% | 0.05% | −0.00 |
| OMF Onemain Holdings Inc. | Reduce -6.0% | 0.04% | −0.00 |
| LOW Lowe's Cos Inc. | Reduce -3.0% | 1.74% | +0.05 |
Portfolio Buys Q4 2024 → Q1 2025
| MU Micron Technology Inc. | Add +700.0% | 1.34% | +1.19 |
| NFLX Netflix Inc. | Add +58.0% | 1.42% | +0.65 |
| VXX Ipath Series B S&P 500 Vix | New | 0.59% | +0.59 |
| TSLL Dirx DLY Tsla Bul 2X ETF-Aui | New | 0.15% | +0.15 |
| LWAY Lifeway Foods Inc. | New | 0.13% | +0.13 |
| CKPT Checkpoint Therapeutics Inc. | New | 0.13% | +0.13 |
| FNA Paragon 28 Inc. | New | 0.13% | +0.13 |
| NVDA Nvidia Corp. | Add +25.6% | 1.02% | +0.12 |
| KB KB Financial Group Inc.-ADR | New | 0.05% | +0.05 |
| BANCOLOMBIA S.A.-SPONS ADR | New | 0.05% | +0.05 |
| NOW ServiceNow Inc. | Add +25.0% | 0.61% | +0.03 |
| PBR Petroleo Brasileiro-Spon ADR | Add +8.1% | 0.12% | +0.03 |
| DM Desktop Metal Inc. Class A | New | 0.03% | +0.03 |
| SBT Sterling Bancorp Inc. | Add +0.4% | 0.03% | +0.00 |
Options Activity Q4 2024 → Q1 2025
| MSFT Microsoft Corp. | put | Sold out | 1,000 | $460Kbefore exit |
| SPY SS SPDR S&P 500 ETF Trust-US | put | Sold out | 1,000 | $353Kbefore exit |
| AMZN Amazon.com Inc. | put | Sold out | 1,000 | $318Kbefore exit |
| CVNA Carvana Co. | put | Sold out | 120 | $180before 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 |