JBF Capital 13F-HR Quarterly holdings report by institutional manager

The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE

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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	MANAGER	SOLE	SHARED	NONE
AGNICO EAGLE MINES LTD CMN	COM	008474108	3,058	101,080	SH		SOLE		101,080	0	0
ALPHA PRO TECH LTD CMN	COM	020772109	8	3,600	SH		SOLE		3,600	0	0
AMERCO CMN	COM	023586100	232	1,000	SH		SOLE		1,000	0	0
AMERICAN INTL GROUP, INC. CMN	COM	026874784	5,001	100,000	SH		SOLE		100,000	0	0
APPLIED MATERIALS INC CMN	COM	038222105	4,083	200,000	SH		SOLE		200,000	0	0
ARROW ELECTRONICS INC. CMN	COM	042735100	441	7,426	SH		SOLE		7,426	0	0
THE BANCORP INC CMN	COM	05969A105	1,864	99,083	SH		SOLE		99,083	0	0
BANC OF CALIFORNIA INC CMN	COM	05990K106	1,227	100,000	SH		SOLE		100,000	0	0
BANK OF AMERICA CORP CMN	COM	060505104	5,160	300,000	SH		SOLE		300,000	0	0
BARCLAYS BK PLC-IPATH S&P 500 *VIX S-T FUTURES ETN NEW 2013 FUTURES ETN NEW 2013 ETN	ETF	06742E711	42	1,000	SH		SOLE		1,000	0	0
BERKSHIRE HATHAWAY INC CL-A (DEL) CLASS A	COM	084670108	6,932	37	SH		SOLE		37	0	0
BIOGEN IDEC INC. CMN	COM	09062X103	765	2,500	SH		SOLE		2,500	0	0
BLACKSTONE MORTGAGE TRUST INC CMN	COM	09257W100	2,605	90,606	SH		SOLE		90,606	0	0
BODY CENTRAL ACQUISITION CORP. CMN	COM	09689U102	1	1,000	SH		SOLE		1,000	0	0
CVS CAREMARK CORPORATION CMN	COM	126650100	1,497	20,000	SH		SOLE		20,000	0	0
CENTRAL SECURITIES CORP. MUTUAL FUND	COM	155123102	163	7,300	SH		SOLE		7,300	0	0
CIBER INC CMN	COM	17163B102	916	200,000	SH		SOLE		200,000	0	0
CONATUS PHARMACEUTICALS INC. CMN	COM	20600T108	1,205	148,178	SH		SOLE		148,178	0	0
CONCERT PHARMACEUTICALS INC CMN	COM	206022105	559	41,556	SH		SOLE		41,556	0	0
CONTINENTAL BLDG PRODS INC CMN	COM	211171103	401	21,300	SH		SOLE		21,300	0	0
CONTINENTAL MATERIALS CORP CMN	COM	211615307	93	4,771	SH		SOLE		4,771	0	0
COOPER-STANDARD HOLDINGS INC. CMN	COM	21676P103	162	2,295	SH		SOLE		2,295	0	0
CUBIST PHARMACEUTICALS, INC. CMN	COM	229678107	373	5,100	SH		SOLE		5,100	0	0
DAEGIS INC CMN	COM	233720101	2	1,400	SH		SOLE		1,400	0	0
DOVER DOWNS GAMING & ENTMT INC CMN	COM	260095104	25	16,157	SH		SOLE		16,157	0	0
ELLINGTON RESIDENTIAL MORT REIT CMN	COM	288578107	1,428	84,425	SH		SOLE		84,425	0	0
ENANTA PHARMACEUTICALS INC CMN	COM	29251M106	46	1,139	SH		SOLE		1,139	0	0
E Z CORP INC CL-A NON VTG CMN CLASS A	COM	302301106	1,368	126,804	SH		SOLE		126,804	0	0
FEDERATED NATL HLDG CO CMN	COM	31422T101	1,374	75,000	SH		SOLE		75,000	0	0
FEDFIRST FINANCIAL CORPORATION CMN	COM	31429C101	88	4,390	SH		SOLE		4,390	0	0
FIRST CMNTY CORP S C CMN	COM	319835104	216	19,301	SH		SOLE		19,301	0	0
FIRST FINL BANCORP CMN	COM	320209109	1,387	77,161	SH		SOLE		77,161	0	0
FONAR CORPORATION CMN	COM	344437405	18	1,000	SH		SOLE		1,000	0	0
FORD MOTOR COMPANY CMN	COM	345370860	1,560	100,000	SH		SOLE		100,000	0	0
FORTRESS INVESTMENT GROUP LLC CMN CLASS A	COM	34958B106	1,591	214,982	SH		SOLE		214,982	0	0
FULL HOUSE RESORTS CMN	COM	359678109	3	1,197	SH		SOLE		1,197	0	0
GABELLI HEALTHCARE & WELLNESSR*X TRUST (THE) MUTUAL FUND	COM	36246K103	113	10,925	SH		SOLE		10,925	0	0
GIBRALTAR INDUSTRIES INC CMN	COM	374689107	721	38,233	SH		SOLE		38,233	0	0
GILEAD SCIENCES CMN	COM	375558103	3,323	46,900	SH		SOLE		46,900	0	0
GUARANTY FEDERAL BANCSHARES INC	COM	40108P101	64	5,000	SH		SOLE		5,000	0	0
HARVARD BIOSCIENCE INC CMN	COM	416906105	29	6,200	SH		SOLE		6,200	0	0
HORSEHEAD HOLDING CORP. CMN	COM	440694305	84	5,000	SH		SOLE		5,000	0	0
HUDSON GLOBAL, INC. CMN	COM	443787106	18	4,845	SH		SOLE		4,845	0	0
IMPERIAL HOLDINGS, INC. CMN	COM	452834104	70	12,100	SH		SOLE		12,100	0	0
ING AMERICA INSURANCE HOLDINGS*, INC. CMN	COM	45685E106	2,865	79,000	SH		SOLE		79,000	0	0
INSPERITY INC CMN	COM	45778Q107	31	1,000	SH		SOLE		1,000	0	0
INSTALLED BLDG PRODS INC CMN	COM	45780R101	140	10,000	SH		SOLE		10,000	0	0
INTERCEPT PHARMACEUTICALS, INC CMN	COM	45845P108	33	100	SH		SOLE		100	0	0
INTERMUNE, INC. CMN	COM	45884X103	494	14,766	SH		SOLE		14,766	0	0
JPMORGAN CHASE & CO CMN	COM	46625H100	4,873	80,267	SH		SOLE		80,267	0	0
KEMET CORPORATION CMN	COM	488360207	1	100	SH		SOLE		100	0	0
KINDER MORGAN INC CMN CLASS P	COM	49456B101	487	15,000	SH		SOLE		15,000	0	0
LKQ CORPORATION CMN	COM	501889208	527	20,000	SH		SOLE		20,000	0	0
LEUCADIA NATIONAL CORP CMN	COM	527288104	571	20,400	SH		SOLE		20,400	0	0
LUBYS INC CMN STOCK CMN	COM	549282101	6	900	SH		SOLE		900	0	0
MFC INDUSTRIAL LTD CMN	COM	55278T105	848	106,855	SH		SOLE		106,855	0	0
MVC CAPITAL INC CLOSED END FUND	COM	553829102	749	55,278	SH		SOLE		55,278	0	0
MACY'S INC. CMN	COM	55616P104	919	15,502	SH		SOLE		15,502	0	0
MALIBU BOATS INC CMN	COM	56117J100	22	1,000	SH		SOLE		1,000	0	0
MARCHEX INC CMN CLASS B	COM	56624R108	177	16,813	SH		SOLE		16,813	0	0
MEDIVATION INC. CMN	COM	58501N101	2,253	35,000	SH		SOLE		35,000	0	0
MERCK & CO., INC. CMN	COM	58933Y105	1,703	30,000	SH		SOLE		30,000	0	0
MICROSOFT CORPORATION CMN	COM	594918104	4,099	100,000	SH		SOLE		100,000	0	0
NATURES SUNSHINE PRODS INC CMN	COM	639027101	331	24,035	SH		SOLE		24,035	0	0
NORDSTROM INC CMN	COM	655664100	62	1,000	SH		SOLE		1,000	0	0
OCCIDENTAL PETROLEUM CORP CMN	COM	674599105	953	10,000	SH		SOLE		10,000	0	0
OLD REPUBLIC INTL CORP CMN	COM	680223104	1,348	82,216	SH		SOLE		82,216	0	0
OXIGENE INC CMN	COM	691828404	369	99,000	SH		SOLE		99,000	0	0
PACIFIC PREMIER BANCORP CMN	COM	69478X105	1,314	81,391	SH		SOLE		81,391	0	0
QC HOLDINGS, INC. CMN	COM	74729T101	6	2,749	SH		SOLE		2,749	0	0
QUESTCOR PHARMACEUTICALS INC CMN	COM	74835Y101	643	9,900	SH		SOLE		9,900	0	0
RADIANT LOGISTICS INC CMN	COM	75025X100	26	8,410	SH		SOLE		8,410	0	0
RICE ENERGY INC CMN	COM	762760106	388	14,700	SH		SOLE		14,700	0	0
SPDR S&P 500 ETF TRUST	ETF	78462F103	284,904	1,523,471	SH		SOLE		1,523,471	0	0
SMITH & WESSON HOLDING CORP CMN	COM	831756101	249	17,000	SH		SOLE		17,000	0	0
SOCIEDAD QUIMICA MINERAL DE CHILE S A SPON ADR REPSTG SER B SHS	COM	833635105	1,257	39,600	SH		SOLE		39,600	0	0
SPRINGLEAF HOLDINGS INC CMN	COM	85172J101	769	30,590	SH		SOLE		30,590	0	0
STARWOOD PROPERTY TRUST INC. CMN	COM	85571B105	1,165	49,400	SH		SOLE		49,400	0	0
TEKMIRA PHARMACEUTICALS CORP CMN	COM	87911B209	1,298	60,410	SH		SOLE		60,410	0	0
TESARO INC CMN	COM	881569107	265	9,000	SH		SOLE		9,000	0	0
TG THERAPEUTICS INC CMN	COM	88322Q108	115	16,676	SH		SOLE		16,676	0	0
TOLL BROTHERS, INC. CMN	COM	889478103	870	24,231	SH		SOLE		24,231	0	0
TRUEBLUE, INC. CMN	COM	89785X101	580	19,838	SH		SOLE		19,838	0	0
TUCOWS, INC. CMN CLASS A	COM	898697206	357	28,239	SH		SOLE		28,239	0	0
U.S. GLOBAL INVESTORS INC A CMN	COM	902952100	3	1,000	SH		SOLE		1,000	0	0
UNITED INSURANCE HOLDINGS CORP CMN	COM	910710102	2,900	198,522	SH		SOLE		198,522	0	0
UNITED ONLINE, INC. CMN	COM	911268209	4	328	SH		SOLE		328	0	0
UNITED PARCEL SERVICE, INC. CLASS B COMMON STOCK	COM	911312106	4,683	48,091	SH		SOLE		48,091	0	0
VANGUARD SPECIALIZED PORTFOLIO VANGUARD DIVIDEND APPRECIATION MUTUAL FUND CL ETF SER VIPERS	ETF	921908844	21,121	280,756	SH		SOLE		280,756	0	0
VANGUARD FTSE DEVELOPED MKTS CMN ETF	ETF	921943858	18	434	SH		SOLE		434	0	0
VANGUARD FTSE ALL-WORLD EX-US INDEX FUND ETF	ETF	922042775	27	542	SH		SOLE		542	0	0
VANGUARD INDEX FUNDS VANGUARD S&P 500 ETF	ETF	922908363	249,857	1,458,168	SH		SOLE		1,458,168	0	0
YAHOO INC CMN	COM	984332106	359	10,000	SH		SOLE		10,000	0	0
YAMANA GOLD INC CMN	COM	98462Y100	1,373	156,352	SH		SOLE		156,352	0	0
BLUE CAPITAL REINSURANCE HOLDI*NGS LIMITED CMN	COM	G1190F107	2,113	121,492	SH		SOLE		121,492	0	0
ESSENT GROUP LTD. CMN	COM	G3198U102	45	2,000	SH		SOLE		2,000	0	0
GREENLIGHT CAPITAL RE LTD-A CMN	COM	G4095J109	646	19,696	SH		SOLE		19,696	0	0
MAGICJACK VOCALTEC LTD CMN	COM	M6787E101	545	25,650	SH		SOLE		25,650	0	0
DHT HOLDINGS INC CMN	COM	Y2065G121	89	11,396	SH		SOLE		11,396	0	0