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
ARI NETWORK SERVICES INC (NEW) CMN	COM	001930205	55	12,200	SH		SOLE		12,200	0	0
ADVANCE AUTO PARTS, INC. CMN	COM	00751Y106	1,505	10,000	SH		SOLE		10,000	0	0
AGNICO EAGLE MINES LTD CMN	COM	008474108	2,799	106,500	SH		SOLE		106,500	0	0
AGROFRESH SOLUTIONS, INC. CMN	COM	00856G109	3,006	474,950	SH		SOLE		474,950	0	0
WTS/AGROFRESH SOLUTIONS 11.5000 EXP02/19/2019	WTS	00856G117	803	803,101	SH	Call	SOLE		803,101	0	0
ALPHA PRO TECH LTD CMN	COM	020772109	6	3,600	SH		SOLE		3,600	0	0
ALPHABET INC. CMN CLASS C	COM	02079K107	6,071	8,000	SH		SOLE		8,000	0	0
AMAZON.COM INC CMN	COM	023135106	8,111	12,000	SH		SOLE		12,000	0	0
AMERCO CMN	COM	023586100	390	1,000	SH		SOLE		1,000	0	0
WTS/AMERICAN INTERNATIONAL GRO 45.0000 EXP01/19/2021	WTS	026874156	475	20,000	SH	Call	SOLE		20,000	0	0
AMERICAN INTL GROUP, INC. CMN	COM	026874784	620	10,000	SH		SOLE		10,000	0	0
AMERICAN SHARED HOSP SVCS CMN	COM	029595105	138	75,058	SH		SOLE		75,058	0	0
APPLE, INC. CMN	COM	037833100	32	300	SH		SOLE		300	0	0
APPLIED MATERIALS INC CMN	COM	038222105	187	10,000	SH		SOLE		10,000	0	0
ARCHROCK, INC. CMN	COM	03957W106	160	21,306	SH		SOLE		21,306	0	0
ARES COMMERCIAL REAL ESTATE CO CMN	COM	04013V108	795	69,472	SH		SOLE		69,472	0	0
ARROW ELECTRONICS INC. CMN	COM	042735100	402	7,426	SH		SOLE		7,426	0	0
AXCELIS TECHNOLOGIES, INC. CMN	COM	054540109	35	13,516	SH		SOLE		13,516	0	0
BANK OF AMERICA CORP CMN	COM	060505104	2,524	150,000	SH		SOLE		150,000	0	0
WTS/BANK OF AMERICA CORP 13.3000 EXP01/16/2019	WTS	060505146	2,698	463,603	SH	Call	SOLE		463,603	0	0
BAXALTA INCORPORATED CMN	COM	07177M103	3,903	100,000	SH		SOLE		100,000	0	0
BERKSHIRE HATHAWAY INC CL-A (DEL) CLASS A	COM	084670108	10,879	55	SH		SOLE		55	0	0
BLACKSTONE MORTGAGE TRUST INC CMN	COM	09257W100	12,025	449,379	SH		SOLE		449,379	0	0
BLUCORA INC CMN	COM	095229100	10	1,000	SH		SOLE		1,000	0	0
BOULDER GROWTH & INCOME FD INC MUTUAL FUND	COM	101507101	558	72,106	SH		SOLE		72,106	0	0
BOULEVARD ACQUISITION CORP. II CORP II UNIT	OTHER	10157Q201	990	100,000	SH		SOLE		100,000	0	0
CBL & ASSOC PROPERTIES, INC. CMN	COM	124830100	619	50,000	SH		SOLE		50,000	0	0
CSW INDUSTRIALS, INC. CMN	COM	126402106	282	7,477	SH		SOLE		7,477	0	0
CU BANCORP CMN	COM	126534106	188	7,397	SH		SOLE		7,397	0	0
CAPITAL SOUTHWEST CORPORATION MUTUAL FUND	COM	140501107	104	7,477	SH		SOLE		7,477	0	0
CAPITOL ACQUISITION CORP III UNIT	OTHER	14055M205	995	100,000	SH		SOLE		100,000	0	0
CAPSTEAD MORTGAGE CORPORATION CMN	COM	14067E506	175	20,000	SH		SOLE		20,000	0	0
CASH AMER INTL INC CMN	COM	14754D100	300	10,000	SH		SOLE		10,000	0	0
CENTRAL SECURITIES CORP. MUTUAL FUND	COM	155123102	112	5,900	SH		SOLE		5,900	0	0
CHEMOURS COMPANY (THE) CMN	COM	163851108	107	20,000	SH		SOLE		20,000	0	0
CITY OFFICE REIT, INC. CMN	COM	178587101	227	18,600	SH		SOLE		18,600	0	0
CIVEO CORP CMN	COM	17878Y108	1	1,000	SH		SOLE		1,000	0	0
CONTINENTAL MATERIALS CORP CMN	COM	211615307	71	4,771	SH		SOLE		4,771	0	0
CORENERGY INFRASTRUCTURE TRUST INC. CMN	COM	21870U502	119	8,000	SH		SOLE		8,000	0	0
VELOCITYSHARES DAILY INVERSE VIX MEDIUM TERM ETN	ETF	22542D829	10,438	252,665	SH		SOLE		252,665	0	0
DANAHER CORPORATION CMN	COM	235851102	929	10,000	SH		SOLE		10,000	0	0
DEL TACO RESTAURANTS INC CMN	COM	245496104	1	100	SH		SOLE		100	0	0
WTS/DEL TACO RESTAURANTS INC 11.5000 EXP01/06/2018	WTS	245496112	290	100,000	SH	Call	SOLE		100,000	0	0
DIAMOND HILL INVESTMENT GROUP CMN	COM	25264R207	189	1,000	SH		SOLE		1,000	0	0
DIGIRAD CORPORATION CMN	COM	253827109	174	30,000	SH		SOLE		30,000	0	0
DIXIE GROUP INC CMN CLASS A	COM	255519100	5	1,000	SH		SOLE		1,000	0	0
DOVER DOWNS GAMING & ENTMT INC CMN	COM	260095104	16	16,157	SH		SOLE		16,157	0	0
ELLINGTON RESIDENTIAL MORT REIT CMN	COM	288578107	1,065	86,225	SH		SOLE		86,225	0	0
EMERGENT CAPITAL, INC CMN	COM	29102N105	820	222,125	SH		SOLE		222,125	0	0
ENVIROSTAR INC CMN	COM	29414M100	316	75,874	SH		SOLE		75,874	0	0
EXPEDITORS INTL WASH INC CMN	COM	302130109	226	5,000	SH		SOLE		5,000	0	0
E Z CORP INC CL-A NON VTG CMN CLASS A	COM	302301106	2,660	533,092	SH		SOLE		533,092	0	0
FEDERATED NATL HLDG CO CMN	COM	31422T101	1,472	49,800	SH		SOLE		49,800	0	0
FIRST CMNTY CORP S C CMN	COM	319835104	288	19,301	SH		SOLE		19,301	0	0
FORTRESS INVESTMENT GROUP LLC CMN CLASS A	COM	34958B106	4,225	829,982	SH		SOLE		829,982	0	0
FULL HOUSE RESORTS CMN	COM	359678109	2	1,000	SH		SOLE		1,000	0	0
GENVEC INC CMN	COM	37246C307	22	11,800	SH		SOLE		11,800	0	0
GIBRALTAR INDUSTRIES INC CMN	COM	374689107	973	38,233	SH		SOLE		38,233	0	0
GILEAD SCIENCES CMN	COM	375558103	1,012	10,000	SH		SOLE		10,000	0	0
GOLUB CAPITAL BDC LLC MUTUAL FUND	COM	38173M102	1,339	80,527	SH		SOLE		80,527	0	0
GREAT AJAX CORP CMN	COM	38983D300	303	25,000	SH		SOLE		25,000	0	0
GROUP 1 AUTOMOTIVE, INC. CMN	COM	398905109	757	10,000	SH		SOLE		10,000	0	0
GUARANTY FEDERAL BANCSHARES INC	COM	40108P101	76	5,000	SH		SOLE		5,000	0	0
HARVARD BIOSCIENCE INC CMN	COM	416906105	22	6,200	SH		SOLE		6,200	0	0
HEARTLAND FINL USA INC CMN	COM	42234Q102	10	326	SH		SOLE		326	0	0
HERCULES TECHNOLOGY GROWTH CAPITAL, INC.	COM	427096508	12	1,000	SH		SOLE		1,000	0	0
HISTOGENICS CORP CMN	COM	43358V109	4	1,000	SH		SOLE		1,000	0	0
HUDSON GLOBAL, INC. CMN	COM	443787106	14	4,845	SH		SOLE		4,845	0	0
ISTAR INC CMN	COM	45031U101	235	20,000	SH		SOLE		20,000	0	0
INSPERITY INC CMN	COM	45778Q107	48	1,000	SH		SOLE		1,000	0	0
IRIDEX CORP CMN	COM	462684101	139	15,000	SH		SOLE		15,000	0	0
ISHARES MSCI JAPAN ETF ge.	ETF	464286848	2,424	200,000	SH		SOLE		200,000	0	0
ISHARES RUSSELL 2000 ETF	ETF	464287655	83,057	737,500	SH		SOLE		737,500	0	0
JPMORGAN CHASE & CO CMN	COM	46625H100	5,282	80,000	SH		SOLE		80,000	0	0
JMP GROUP LLC. CMN	COM	46629U107	296	54,174	SH		SOLE		54,174	0	0
JAKKS PACIFIC INC CMN	COM	47012E106	79	9,900	SH		SOLE		9,900	0	0
KEMET CORPORATION CMN	COM	488360207	1	100	SH		SOLE		100	0	0
KINDER MORGAN INC CMN CLASS P	COM	49456B101	164	11,000	SH		SOLE		11,000	0	0
LANDMARK BANCORP INC CMN	COM	51504L107	276	10,500	SH		SOLE		10,500	0	0
LEUCADIA NATIONAL CORP CMN	COM	527288104	355	20,400	SH		SOLE		20,400	0	0
LINDBLAD EXPEDITIONS HLDGS INC CMN	COM	535219109	1,358	122,200	SH		SOLE		122,200	0	0
WTS/LINDBLAD EXPEDITIONS HLDGS IN 11.5000 EXP05/15/2016	WTS	535219117	436	142,900	SH	Call	SOLE		142,900	0	0
LORAL SPACE &COMMUNICATION INC*. CMN	COM	543881106	80	1,957	SH		SOLE		1,957	0	0
LUBYS INC CMN STOCK CMN	COM	549282101	4	900	SH		SOLE		900	0	0
MGIC INVESTMENT CORP COMMON STOCK	COM	552848103	4,762	539,300	SH		SOLE		539,300	0	0
MRV COMMUNICATIONS, INC. CMN	COM	553477407	22	1,800	SH		SOLE		1,800	0	0
MAIN STREET CAPITAL CORP MUTUAL FUND	COM	56035L104	651	22,400	SH		SOLE		22,400	0	0
MARLIN BUSINESS SERVICES, INC. CMN	COM	571157106	161	10,000	SH		SOLE		10,000	0	0
MICROSOFT CORPORATION CMN	COM	594918104	1,664	30,000	SH		SOLE		30,000	0	0
MODUSLINK GLOBAL SOLUTIONS, IN*C CMN	COM	60786L206	496	200,000	SH		SOLE		200,000	0	0
MONSTER WORLDWIDE INC. CMN	COM	611742107	792	138,304	SH		SOLE		138,304	0	0
MORGAN STANLEY CHINA A SHARE FUND, INC.	COM	617468103	20	1,000	SH		SOLE		1,000	0	0
NATIONSTAR MTG HLDGS INC CMN	COM	63861C109	13	1,000	SH		SOLE		1,000	0	0
NEW MOUNTAIN FINANCE CORP MUTUAL FUND	COM	647551100	13	1,000	SH		SOLE		1,000	0	0
NICHOLAS FINANCIAL, INC. CMN	COM	65373J209	4,123	353,900	SH		SOLE		353,900	0	0
OCWEN FINANCIAL CORPORATION CMN	COM	675746309	7	1,000	SH		SOLE		1,000	0	0
PACIFIC PREMIER BANCORP CMN	COM	69478X105	1,730	81,391	SH		SOLE		81,391	0	0
PARK ELECTROCHEMICAL CRP CMN	COM	700416209	15	1,000	SH		SOLE		1,000	0	0
PENNANTPARK INVESTMENT CORP MUTUAL FUND	COM	708062104	9	1,405	SH		SOLE		1,405	0	0
PENNANTPARK FLOATING RATE CAP LTD	COM	70806A106	70	6,245	SH		SOLE		6,245	0	0
PEPSICO INC CMN	COM	713448108	100	1,000	SH		SOLE		1,000	0	0
PINNACLE ENTERTAINMENT INC. CMN	COM	723456109	324	10,400	SH		SOLE		10,400	0	0
PROSHARES SHORT VIX SHORT-TERM FUTURES EXCHANGE TRADED FUND	ETF	74347W627	10,090	200,000	SH		SOLE		200,000	0	0
QCR HOLDINGS INC CMN	COM	74727A104	24	1,000	SH		SOLE		1,000	0	0
QC HOLDINGS, INC. CMN	COM	74729T101	4	2,749	SH		SOLE		2,749	0	0
RADIANT LOGISTICS INC CMN	COM	75025X100	29	8,410	SH		SOLE		8,410	0	0
RESOLUTE FOREST PRODUCTS INC CMN	COM	76117W109	8	1,000	SH		SOLE		1,000	0	0
ROYAL GOLD, INC. CMN	COM	780287108	4	100	SH		SOLE		100	0	0
SPDR S&P 500 ETF TRUST	ETF	78462F103	310,590	1,523,471	SH		SOLE		1,523,471	0	0
SAFEGUARD SCIENTIFICS INC CMN	COM	786449207	41	2,800	SH		SOLE		2,800	0	0
SOLAR CAPITAL LTD. MUTUAL FUND	COM	83413U100	82	5,000	SH		SOLE		5,000	0	0
SUNEDISON, INC CMN	COM	86732Y109	5	1,000	SH		SOLE		1,000	0	0
TCP CAP CORP MUTUAL FUND	COM	87238Q103	14	1,000	SH		SOLE		1,000	0	0
THL CREDIT INC MUTUAL FUND	COM	872438106	235	21,964	SH		SOLE		21,964	0	0
TRI POINTE GROUP INC CMN	COM	87265H109	380	30,000	SH		SOLE		30,000	0	0
TEMPLETON GLOBAL INCOME FUND MUTUAL FUND	COM	880198106	254	40,000	SH		SOLE		40,000	0	0
TOLL BROTHERS, INC. CMN	COM	889478103	807	24,231	SH		SOLE		24,231	0	0
TRIANGLE CAPITAL CORPORATION MUTUAL FUND	COM	895848109	19	1,000	SH		SOLE		1,000	0	0
TRUSTCO BANK CORP NY CMN	COM	898349105	1,596	260,000	SH		SOLE		260,000	0	0
U.S. GLOBAL INVESTORS INC A CMN	COM	902952100	1	1,000	SH		SOLE		1,000	0	0
U.S. GEOTHERMAL, INC. CMN	COM	90338S102	256	410,200	SH		SOLE		410,200	0	0
UNWIRED PLANET INC CMN	COM	91531F103	173	200,000	SH		SOLE		200,000	0	0
VANGUARD SPECIALIZED PORTFOLIO VANGUARD DIVIDEND APPRECIATION MUTUAL FUND CL ETF SER VIPERS	ETF	921908844	29,608	380,756	SH		SOLE		380,756	0	0
VANGUARD WHITEHALL FUNDS-VANGU*ARD HIGH DIVIDEND YIELD IDX FD (VANGUARD HIGH DIVIDEND YIELD ETF	ETF	921946406	1,328	19,900	SH		SOLE		19,900	0	0
VANGUARD FTSE ALL-WORLD EX-US INDEX FUND ETF	ETF	922042775	24	542	SH		SOLE		542	0	0
VANGUARD S&P 500 ETF	ETF	922908363	272,734	1,459,018	SH		SOLE		1,459,018	0	0
VIAD CORP CMN	COM	92552R406	661	23,400	SH		SOLE		23,400	0	0
VIDEOCON D2H LTD ADR CMN	COM	92657J101	444	50,000	SH		SOLE		50,000	0	0
VIRTU FINANCIAL, INC. CMN CLASS A	COM	928254101	6,930	306,083	SH		SOLE		306,083	0	0
VOLT INFO SCIENCES, INC. CMN	COM	928703107	1,436	176,401	SH		SOLE		176,401	0	0
WL ROSS HOLDING CORP. CMN	COM	92939D104	996	100,000	SH		SOLE		100,000	0	0
WEBSTER FINANCIAL CORP CMN	COM	947890109	130	3,500	SH		SOLE		3,500	0	0
WINTHROP REALTY TRUST CMN	COM	976391300	13	1,000	SH		SOLE		1,000	0	0
XENON PHARMACEUTICALS INC. CMN	COM	98420N105	552	68,690	SH		SOLE		68,690	0	0
ALLERGAN PLC CMN	COM	G0177J108	313	1,000	SH		SOLE		1,000	0	0
ELECTRUM SPL ACQUISITION CORP UNIT	OTHER	G3105C120	497	50,000	SH		SOLE		50,000	0	0
ESSENT GROUP LTD. CMN	COM	G3198U102	657	30,000	SH		SOLE		30,000	0	0
GREENLIGHT CAPITAL RE LTD-A CMN	COM	G4095J109	369	19,696	SH		SOLE		19,696	0	0
NORD ANGLIA EDUCATION, INC. CMN	COM	G6583A102	203	10,000	SH		SOLE		10,000	0	0