JBF Capital, Inc.

In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 8, 2026), JBF Capital, Inc. reported 110 stock positions worth $674.3 million. Its top holding was Vanguard S&P 500 ETF (VOO) at 45.1% of the portfolio, followed by Microsoft (MSFT, 9.3%) and Amazon.com (AMZN, 8.4%). Compared with Q4 2025, it opened 42 new positions, sold out of 8, added to 12 and reduced 9. The biggest buy was a new position in Goldman Sachs (GS) and the biggest sale an exit from Invesco QQQ Trust Series 1 (QQQ).

Most Recent 13F
Q2 2026
Location
Aspen, CO
CIK
0001483864
Portfolio Value
$674.3M (Q1 2026)
SEC Filing
0000935836-26-000232 ↗ filed May 8, 2026

Holdings Value

0$200.0M$400.0M$600.0M$800.0M Q1 2024: $611.8M Q1 2024 Q2 2024: $646.3M Q2 2024 Q3 2024: $669.9M Q3 2024 Q4 2024: $583.4M Q4 2024 Q1 2025: $519.8M Q1 2025 Q2 2025: $626.6M Q2 2025 Q3 2025: $704.4M Q3 2025 Q4 2025: $691.6M Q4 2025 Q1 2026: $674.3M $674.3M Q1 2026 Q2 2026: $763.6M Q2 2026

Holdings 110 stocks · $674.3M
VOO Vanguard S&P 500 ETF 45.12% 509,121 $304.2M No change
MSFT Microsoft Corp. 9.32% 169,730 $62.8M No change
AMZN Amazon.com Inc. 8.40% 272,000 $56.6M No change
GOOGL Alphabet Inc. Class A 4.26% 100,000 $28.8M No change
GRBK Green Brick Partners Inc. 4.17% 436,530 $28.1M No change
GS Goldman Sachs Group Inc. 2.51% 20,000 $16.9M New
XBI SS SPDR S&P Biotech ETF 1.99% 105,000 $13.4M No change
META Meta Platforms Inc. Class A 1.74% 20,500 $11.7M No change
NFLX Netflix Inc. 1.43% 100,000 $9.6M Add +44.9%
RSP Invesco S&P 500 Equal Weight 1.42% 50,000 $9.6M No change
LOW Lowe's Cos Inc. 1.36% 38,800 $9.2M No change
CBK Commercial Bancgroup Inc. 0.96% 250,000 $6.5M No change
NVDA Nvidia Corp. 0.88% 34,000 $5.9M Reduce -30.6%
KF Korea Fund Inc. 0.87% 130,000 $5.8M Reduce -8.4%
GSK GSK PLC-Spon ADR 0.82% 100,000 $5.5M No change
AVGO Broadcom Inc. 0.82% 17,800 $5.5M No change
URI United Rentals Inc. 0.76% 7,000 $5.1M No change
DELL Dell Technologies -C 0.73% 30,000 $4.9M New
MS Morgan Stanley 0.61% 25,000 $4.1M New
ASML ASML Holding NV-NY Reg SHS filed as ASML HLDG NV 0.59% 3,000 $4.0M No change
REGN Regeneron Pharmaceuticals 0.57% 5,000 $3.9M No change
VXX Ipath Series B S&P 500 Vix filed as BARCLAYS BANK PLC 0.51% 96,000 $3.4M Reduce -42.2%
MU Micron Technology Inc. 0.50% 10,000 $3.4M No change
HD Home Depot Inc. 0.46% 9,365 $3.1M No change
GTX Garrett Motion Inc. 0.42% 155,000 $2.8M No change
LLY Eli Lilly & Co. 0.41% 3,000 $2.8M New
DHIL Diamond Hill Investment Grp 0.39% 15,388 $2.6M No change
SLB SLB Ltd. filed as SLB LIMITED 0.38% 50,000 $2.6M New
AER Aercap Holdings NV 0.38% 18,500 $2.5M Reduce -5.1%
IVLU iShares MSCI International V 0.35% 60,000 $2.4M No change
ISCF iShares International Small 0.35% 56,312 $2.4M No change
AMD Advanced Micro Devices 0.30% 10,000 $2.0M New
SYF Synchrony Financial 0.29% 29,000 $2.0M Add +50.3%
ET Energy Transfer LP 0.29% 100,000 $1.9M Add +233.3%
CRH CRH PLC 0.23% 15,000 $1.6M No change
ARM Arm Holdings PLC-ADR 0.22% 10,000 $1.5M New
ECHO Echostar Corp. Class A 0.22% 12,847 $1.5M New
JPM JPMorgan Chase & Co. 0.22% 5,000 $1.5M No change
LAUR Laureate Education Inc. 0.18% 35,000 $1.2M No change
XPO Xpo Inc. 0.17% 6,000 $1.2M No change
SF Stifel Financial Corp. 0.16% 15,000 $1.1M No change
INTC Intel Corp. 0.16% 25,000 $1.1M New
WES Western Midstream Partners L 0.15% 25,000 $1.0M New
VZ Verizon Communications Inc. 0.15% 20,000 $1.0M New
AGNC AGNC Investment Corp. 0.15% 100,000 $1.0M New
NVRI Enviri Corp. 0.15% 49,960 $980K New
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.14% 10,000 $964K New
BLK BlackRock Inc. 0.14% 1,000 $962K New
PBR Petroleo Brasileiro-Spon ADR 0.14% 50,000 $938K Reduce -19.4%
ELME Elme Communities 0.13% 448,513 $902K Add +1021.3%
CNTA Centessa Pharmaceuticals Ltd. 0.12% 20,887 $830K New
APLS Apellis Pharmaceuticals Inc. 0.12% 20,532 $826K New
COF Capital One Financial Corp. 0.12% 4,500 $821K Add +28.6%
SLM SLM Corp. 0.12% 38,000 $814K Add +123.5%
HOLX Hologic Inc. 0.12% 10,689 $808K New
CPAC Cementos Pacasmayo Saa - ADR 0.11% 76,195 $762K New
XPEL Xpel Inc. 0.10% 15,354 $680K Add +2.4%
LU Lufax Holding Ltd.-ADR 0.09% 339,884 $636K No change
CIB Grupo Cibest SA-ADR 0.08% 7,500 $546K New
GPN Global Payments Inc. 0.07% 7,500 $505K Add +33.9%
KB KB Financial Group Inc.-ADR filed as KB FINL GROUP INC 0.07% 5,000 $499K Reduce -9.1%
ARKG ARK Genomic Revolution ETF 0.07% 18,000 $476K No change
BFH Bread Financial Holdings Inc. 0.07% 6,000 $449K No change
APARTMENT INVT & MGMT CO 0.07% 110,000 $448K No change
DRVN Driven Brands Holdings Inc. 0.07% 35,287 $445K New
AMP Ameriprise Financial Inc. 0.06% 950 $422K Add +81.0%
BN Brookfield Corp. 0.06% 10,000 $405K No change
VMD Viemed Healthcare Inc. 0.06% 43,578 $401K No change
COYA Coya Therapeutics Inc. 0.06% 100,006 $394K No change
BBVA Banco Bilbao Vizcaya-SP ADR 0.06% 18,000 $390K Reduce -34.5%
LBRDA Liberty Broadband-A 0.06% 7,500 $377K Add +36.4%
GM General Motors Co. 0.06% 5,000 $373K No change
NLOP Net Lease Office Property 0.06% 32,228 $371K No change
ABUS Arbutus Biopharma Corp. 0.05% 80,281 $361K New
STIM Neuronetics Inc. 0.05% 233,166 $338K No change
CROX Crocs Inc. 0.05% 4,000 $332K Add +66.7%
CNXC Concentrix Corp. 0.05% 12,000 $328K New
VTI VG Morningstar TS MKT ETF-US 0.05% 1,000 $321K No change
CI The Cigna Group 0.05% 1,200 $320K New
EC Ecopetrol SA-Sponsored ADR 0.04% 20,000 $300K No change
CNC Centene Corp. 0.04% 9,000 $295K Reduce -10.0%
SSRM SSR Mining Inc. 0.04% 10,000 $294K New
TRIP Tripadvisor Inc. 0.04% 26,519 $283K New
FISV Fiserv Inc. 0.04% 5,000 $279K Add +25.0%
WBD Warner Bros Discovery Inc. 0.04% 8,967 $246K New
BHF Brighthouse Financial Inc. 0.04% 4,089 $245K New
FOR Forestar Group Inc. 0.04% 10,000 $244K No change
UNH Unitedhealth Group Inc. 0.04% 900 $244K No change
OMF Onemain Holdings Inc. 0.03% 4,400 $235K No change
MCW Mister Car Wash Inc. 0.03% 30,835 $215K New
PYPL PayPal Holdings Inc. 0.03% 4,529 $205K New
GRND Grindr Inc. 0.03% 16,736 $202K New
CMCSA Comcast Corp. Class A 0.03% 7,000 $201K No change
BBWI Bath & Body Works Inc. 0.03% 10,000 $187K Reduce -23.1%
LEG Leggett & Platt Inc. 0.03% 17,304 $171K New
SRG Seritage Growth Prop- A 0.03% 60,000 $169K No change
NOAH Noah Holdings Ltd.-Spon ADS filed as NOAH HLDGS LTD 0.02% 11,000 $109K No change
BOOM DMC Global Inc. 0.02% 20,000 $104K No change
PRTA Prothena Corp. PLC 0.01% 10,285 $100K New
TKC Turkcell Iletisim Hizmet-ADR 0.01% 15,000 $90K No change
HEPS D-Market Electronic Serv-ADR 0.01% 30,949 $81K New
CRNT Ceragon Networks Ltd. 0.01% 36,458 $79K No change
IMMR Immersion Corporation 0.01% 13,267 $72K New
LSTA Lisata Therapeutics Inc. 0.01% 13,234 $66K New
YEXT Yext Inc. 0.01% 16,418 $63K New
LNSR Lensar Inc. 0.01% 10,377 $62K New
EM Smart Share Global Ltd. - ADR 0.01% 51,855 $59K New
TMQ Trilogy Metals Inc. 0.01% 14,932 $54K New
BHR Braemar Hotels & Resorts Inc. 0.01% 19,903 $47K New
XRX Xerox Holdings Corp. 0.00% 17,638 $2K New

Options reported separately and not counted above: TSLA puts ($911K), SPY puts ($831K), GSK calls ($290K), CVNA puts ($77K), HPQ calls ($6K).

Portfolio Sells Q4 2025 → Q1 2026
QQQ Invesco QQQ Trust Series 1 Sold out 0.00% −3.20
NVDA Nvidia Corp. Reduce -30.6% 0.88% −0.44
PFE Pfizer Inc. Sold out 0.00% −0.36
VXX Ipath Series B S&P 500 Vix Reduce -42.2% 0.51% −0.13
AVDL Avadel Pharmaceuticals Ltd. Sold out 0.00% −0.12
IROQ If Bancorp Inc. Sold out 0.00% −0.05
BBVA Banco Bilbao Vizcaya-SP ADR Reduce -34.5% 0.06% −0.03
SOHO Sotherly Hotels Inc. Sold out 0.00% −0.03
ELV Elevance Health Inc. Sold out 0.00% −0.03
AMG Affiliated Managers Group Sold out 0.00% −0.03
AER Aercap Holdings NV Reduce -5.1% 0.38% −0.03
CNC Centene Corp. Reduce -10.0% 0.04% −0.02
BBWI Bath & Body Works Inc. Reduce -23.1% 0.03% −0.01
FPH Five Point Holdings LLC Class A Sold out 0.00% −0.01
KB KB Financial Group Inc.-ADR Reduce -9.1% 0.07% +0.01
PBR Petroleo Brasileiro-Spon ADR Reduce -19.4% 0.14% +0.04
KF Korea Fund Inc. Reduce -8.4% 0.87% +0.12

Portfolio Buys Q4 2025 → Q1 2026
GS Goldman Sachs Group Inc. New 2.51% +2.51
DELL Dell Technologies -C New 0.73% +0.73
MS Morgan Stanley New 0.61% +0.61
NFLX Netflix Inc. Add +44.9% 1.43% +0.49
LLY Eli Lilly & Co. New 0.41% +0.41
SLB SLB Ltd. New 0.38% +0.38
AMD Advanced Micro Devices New 0.30% +0.30
ARM Arm Holdings PLC-ADR New 0.22% +0.22
ECHO Echostar Corp. Class A New 0.22% +0.22
ET Energy Transfer LP Add +233.3% 0.29% +0.21
INTC Intel Corp. New 0.16% +0.16
WES Western Midstream Partners L New 0.15% +0.15
VZ Verizon Communications Inc. New 0.15% +0.15
AGNC AGNC Investment Corp. New 0.15% +0.15
NVRI Enviri Corp. New 0.15% +0.15
DIS The Walt Disney Co. New 0.14% +0.14
BLK BlackRock Inc. New 0.14% +0.14
CNTA Centessa Pharmaceuticals Ltd. New 0.12% +0.12
APLS Apellis Pharmaceuticals Inc. New 0.12% +0.12
HOLX Hologic Inc. New 0.12% +0.12
CPAC Cementos Pacasmayo Saa - ADR New 0.11% +0.11
CIB Grupo Cibest SA-ADR New 0.08% +0.08
DRVN Driven Brands Holdings Inc. New 0.07% +0.07
SYF Synchrony Financial Add +50.3% 0.29% +0.06
SLM SLM Corp. Add +123.5% 0.12% +0.05
ABUS Arbutus Biopharma Corp. New 0.05% +0.05
CNXC Concentrix Corp. New 0.05% +0.05
CI The Cigna Group New 0.05% +0.05
SSRM SSR Mining Inc. New 0.04% +0.04
TRIP Tripadvisor Inc. New 0.04% +0.04
WBD Warner Bros Discovery Inc. New 0.04% +0.04
BHF Brighthouse Financial Inc. New 0.04% +0.04
ELME Elme Communities Add +1021.3% 0.13% +0.03
MCW Mister Car Wash Inc. New 0.03% +0.03
PYPL PayPal Holdings Inc. New 0.03% +0.03
GRND Grindr Inc. New 0.03% +0.03
AMP Ameriprise Financial Inc. Add +81.0% 0.06% +0.03
LEG Leggett & Platt Inc. New 0.03% +0.03
CROX Crocs Inc. Add +66.7% 0.05% +0.02
LBRDA Liberty Broadband-A Add +36.4% 0.06% +0.02
PRTA Prothena Corp. PLC New 0.01% +0.01
GPN Global Payments Inc. Add +33.9% 0.07% +0.01
HEPS D-Market Electronic Serv-ADR New 0.01% +0.01
IMMR Immersion Corporation New 0.01% +0.01
LSTA Lisata Therapeutics Inc. New 0.01% +0.01
YEXT Yext Inc. New 0.01% +0.01
LNSR Lensar Inc. New 0.01% +0.01
EM Smart Share Global Ltd. - ADR New 0.01% +0.01
TMQ Trilogy Metals Inc. New 0.01% +0.01
BHR Braemar Hotels & Resorts Inc. New 0.01% +0.01

Options Activity Q4 2025 → Q1 2026
TSLA Tesla Inc. put Add +270.6% 6,300 $911K
GSK GSK PLC-Spon ADR call New 200 $290K
CVNA Carvana Co. put New 300 $77K
HPQ HP Inc. call New 190 $6K

Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 98$763.6MVOO, AMZN, MSFT, GOOGL, GRBK
Q1 2026 110$674.3MVOO, MSFT, AMZN, GOOGL, GRBK
Q4 2025 76$691.6MVOO, MSFT, AMZN, GOOGL, GRBK
Q3 2025Amended 76$704.4MVOO, MSFT, AMZN, GRBK, QQQ
Q2 2025 63$626.6MVOO, MSFT, AMZN, GRBK, QQQ
Q1 2025 63$519.8MVOO, MSFT, AMZN, GRBK, IBIT
Q4 2024 68$583.4MVOO, MSFT, AMZN, GRBK, IBIT
Q3 2024 81$669.9MVOO, MSFT, AMZN, GRBK, CNQ
Q2 2024 81$646.3MVOO, MSFT, AMZN, GRBK, MU
Q1 2024 76$611.8MVOO, MSFT, AMZN, GRBK, MU