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	51	12,200	SH		SOLE		12,200	0	0
AGNICO EAGLE MINES LTD CMN	COM	008474108	5,698	106,500	SH		SOLE		106,500	0	0
AGROFRESH SOLUTIONS, INC. CMN	COM	00856G109	4,214	793,530	SH		SOLE		793,530	0	0
WTS/AGROFRESH SOLUTIONS 11.5000 EXP02/19/2019	WTS	00856G117	384	404,250	SH	Call	SOLE		404,250	0	0
ALPHA PRO TECH LTD CMN	COM	020772109	8	3,600	SH		SOLE		3,600	0	0
ALPHABET INC. CMN CLASS C	COM	02079K107	5,537	8,000	SH		SOLE		8,000	0	0
AMAZON.COM INC CMN	COM	023135106	14,312	20,000	SH		SOLE		20,000	0	0
AMERCO CMN	COM	023586100	375	1,000	SH		SOLE		1,000	0	0
AMERICAN SHARED HOSP SVCS CMN	COM	029595105	152	75,058	SH		SOLE		75,058	0	0
APPLE, INC. CMN	COM	037833100	29	300	SH		SOLE		300	0	0
APPLIED MATERIALS INC CMN	COM	038222105	2,397	100,000	SH		SOLE		100,000	0	0
ARALEZ PHARMACEUTICALS INC. CMN	COM	03852X100	4	1,076	SH		SOLE		1,076	0	0
ARES COMMERCIAL REAL ESTATE CO CMN	COM	04013V108	854	69,472	SH		SOLE		69,472	0	0
ARROW ELECTRONICS INC. CMN	COM	042735100	460	7,426	SH		SOLE		7,426	0	0
AXCELIS TECHNOLOGIES, INC. CMN	COM	054540109	36	13,516	SH		SOLE		13,516	0	0
BANK OF AMERICA CORP CMN	COM	060505104	1,991	150,000	SH		SOLE		150,000	0	0
BERKSHIRE HATHAWAY INC CL-A (DEL) CLASS A	COM	084670108	11,934	55	SH		SOLE		55	0	0
BLACKSTONE MORTGAGE TRUST INC CMN	COM	09257W100	13,835	500,010	SH		SOLE		500,010	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	586	72,106	SH		SOLE		72,106	0	0
BOULEVARD ACQUISITION CORP. II CORP II UNIT	OTHER	10157Q201	989	100,000	SH		SOLE		100,000	0	0
CSW INDUSTRIALS, INC. CMN	COM	126402106	244	7,477	SH		SOLE		7,477	0	0
CU BANCORP CMN	COM	126534106	168	7,397	SH		SOLE		7,397	0	0
CAPITAL SOUTHWEST CORPORATION MUTUAL FUND	COM	140501107	102	7,477	SH		SOLE		7,477	0	0
CAPITOL ACQUISITION CORP III UNIT	OTHER	14055M205	992	100,000	SH		SOLE		100,000	0	0
CAPSTEAD MORTGAGE CORPORATION CMN	COM	14067E506	194	20,000	SH		SOLE		20,000	0	0
CASH AMER INTL INC CMN	COM	14754D100	426	10,000	SH		SOLE		10,000	0	0
CENTRAL SECURITIES CORP. MUTUAL FUND	COM	155123102	116	5,900	SH		SOLE		5,900	0	0
CHEMOURS COMPANY (THE) CMN	COM	163851108	165	20,000	SH		SOLE		20,000	0	0
CITY OFFICE REIT, INC. CMN	COM	178587101	241	18,600	SH		SOLE		18,600	0	0
CIVEO CORP CMN	COM	17878Y108	2	1,000	SH		SOLE		1,000	0	0
CONTINENTAL MATERIALS CORP CMN	COM	211615307	73	4,771	SH		SOLE		4,771	0	0
CORENERGY INFRASTRUCTURE TRUST INC. CMN	COM	21870U502	231	8,000	SH		SOLE		8,000	0	0
VELOCITYSHARES DAILY INVERSE VIX MEDIUM TERM ETN	ETF	22542D829	4,210	108,735	SH		SOLE		108,735	0	0
DANAHER CORPORATION CMN	COM	235851102	1,010	10,000	SH		SOLE		10,000	0	0
DEL TACO RESTAURANTS INC CMN	COM	245496104	1	100	SH		SOLE		100	0	0
DIAMOND HILL INVESTMENT GROUP CMN	COM	25264R207	188	1,000	SH		SOLE		1,000	0	0
DIGIRAD CORPORATION CMN	COM	253827109	155	30,000	SH		SOLE		30,000	0	0
DIXIE GROUP INC CMN CLASS A	COM	255519100	4	1,000	SH		SOLE		1,000	0	0
DOVER DOWNS GAMING & ENTMT INC CMN	COM	260095104	17	16,157	SH		SOLE		16,157	0	0
ELLINGTON RESIDENTIAL MORT REIT CMN	COM	288578107	1,126	86,225	SH		SOLE		86,225	0	0
EMERGENT CAPITAL, INC CMN	COM	29102N105	478	142,125	SH		SOLE		142,125	0	0
ENVIROSTAR INC CMN	COM	29414M100	291	75,874	SH		SOLE		75,874	0	0
EXPEDITORS INTL WASH INC CMN	COM	302130109	245	5,000	SH		SOLE		5,000	0	0
E Z CORP INC CL-A NON VTG CMN CLASS A	COM	302301106	3,274	433,092	SH		SOLE		433,092	0	0
FEDERATED NATL HLDG CO CMN	COM	31422T101	948	49,800	SH		SOLE		49,800	0	0
FIRST CMNTY CORP S C CMN	COM	319835104	270	19,301	SH		SOLE		19,301	0	0
FIRST SOLAR, INC. CMN	COM	336433107	194	4,000	SH		SOLE		4,000	0	0
FORD MOTOR COMPANY CMN	COM	345370860	2,514	200,000	SH		SOLE		200,000	0	0
FORTRESS INVESTMENT GROUP LLC CMN CLASS A	COM	34958B106	6,947	1,571,782	SH		SOLE		1,571,782	0	0
FULL HOUSE RESORTS CMN	COM	359678109	2	1,000	SH		SOLE		1,000	0	0
GAMING AND LEISURE PROP, INC. CMN	COM	36467J108	305	8,840	SH		SOLE		8,840	0	0
GENVEC INC CMN	COM	37246C307	7	11,800	SH		SOLE		11,800	0	0
GIBRALTAR INDUSTRIES INC CMN	COM	374689107	1,207	38,233	SH		SOLE		38,233	0	0
GILEAD SCIENCES CMN	COM	375558103	2,169	26,000	SH		SOLE		26,000	0	0
GOLUB CAPITAL BDC LLC MUTUAL FUND	COM	38173M102	1,455	80,527	SH		SOLE		80,527	0	0
GREAT AJAX CORP CMN	COM	38983D300	347	25,000	SH		SOLE		25,000	0	0
GREAT ELM CAPITAL GROUP INC CMN	COM	39036P100	110	16,666	SH		SOLE		16,666	0	0
GUARANTY FEDERAL BANCSHARES INC	COM	40108P101	80	5,000	SH		SOLE		5,000	0	0
HARVARD BIOSCIENCE INC CMN	COM	416906105	18	6,200	SH		SOLE		6,200	0	0
HEARTLAND FINL USA INC CMN	COM	42234Q102	12	326	SH		SOLE		326	0	0
HERCULES CAPITAL INC .	COM	427096508	12	1,000	SH		SOLE		1,000	0	0
HISTOGENICS CORP CMN	COM	43358V109	2	1,000	SH		SOLE		1,000	0	0
HUDSON GLOBAL, INC. CMN	COM	443787106	10	4,845	SH		SOLE		4,845	0	0
INSPERITY INC CMN	COM	45778Q107	77	1,000	SH		SOLE		1,000	0	0
IRIDEX CORP CMN	COM	462684101	222	15,000	SH		SOLE		15,000	0	0
ISHARES MSCI JAPAN ETF ge.	ETF	464286848	2,300	200,000	SH		SOLE		200,000	0	0
ISHARES MSCI IRELAND CAPPED ETF	ETF	46429B507	698	19,411	SH		SOLE		19,411	0	0
JPMORGAN CHASE & CO CMN	COM	46625H100	6,214	100,000	SH		SOLE		100,000	0	0
JMP GROUP LLC. CMN	COM	46629U107	294	54,174	SH		SOLE		54,174	0	0
JAKKS PACIFIC INC CMN	COM	47012E106	78	9,900	SH		SOLE		9,900	0	0
KEMET CORPORATION CMN	COM	488360207	1	100	SH		SOLE		100	0	0
LANDMARK BANCORP INC CMN	COM	51504L107	266	10,500	SH		SOLE		10,500	0	0
LEUCADIA NATIONAL CORP CMN	COM	527288104	354	20,400	SH		SOLE		20,400	0	0
LIBERTY TRIPADVISOR HLDGS INC CMN SERIES A	COM	531465102	1,094	50,000	SH		SOLE		50,000	0	0
LINDBLAD EXPEDITIONS HLDGS INC CMN	COM	535219109	1,177	122,200	SH		SOLE		122,200	0	0
WTS/LINDBLAD EXPEDITIONS HOLDINGS INC 11.5000 EXP07/08/2020	WTS	535219117	281	142,900	SH	Call	SOLE		142,900	0	0
LORAL SPACE &COMMUNICATION INC*. CMN	COM	543881106	69	1,957	SH		SOLE		1,957	0	0
LUBYS INC CMN STOCK CMN	COM	549282101	5	900	SH		SOLE		900	0	0
MGIC INVESTMENT CORP COMMON STOCK	COM	552848103	3,209	539,300	SH		SOLE		539,300	0	0
MRV COMMUNICATIONS, INC. CMN	COM	553477407	20	1,800	SH		SOLE		1,800	0	0
MAIN STREET CAPITAL CORP MUTUAL FUND	COM	56035L104	736	22,400	SH		SOLE		22,400	0	0
MARLIN BUSINESS SERVICES, INC. CMN	COM	571157106	349	21,400	SH		SOLE		21,400	0	0
MODUSLINK GLOBAL SOLUTIONS, IN*C CMN	COM	60786L206	12	10,000	SH		SOLE		10,000	0	0
MORGAN STANLEY CHINA A SHARE FUND, INC.	COM	617468103	18	1,000	SH		SOLE		1,000	0	0
NATIONAL OILWELL VARCO, INC. COMMON STOCK CMN	COM	637071101	34	1,000	SH		SOLE		1,000	0	0
NATIONSTAR MTG HLDGS INC CMN	COM	63861C109	11	1,000	SH		SOLE		1,000	0	0
NEW IRELAND FUND INC MUTUAL FUND	COM	645673104	534	45,075	SH		SOLE		45,075	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	3,638	353,900	SH		SOLE		353,900	0	0
OCWEN FINANCIAL CORPORATION CMN	COM	675746309	2	1,000	SH		SOLE		1,000	0	0
PARK ELECTROCHEMICAL CRP CMN	COM	700416209	15	1,000	SH		SOLE		1,000	0	0
PENNANTPARK INVESTMENT CORP MUTUAL FUND	COM	708062104	10	1,405	SH		SOLE		1,405	0	0
PENNANTPARK FLOATING RATE CAP LTD	COM	70806A106	77	6,245	SH		SOLE		6,245	0	0
PEPSICO INC CMN	COM	713448108	106	1,000	SH		SOLE		1,000	0	0
PINNACLE ENTERTAINMENT INC. CMN	COM	72348Y105	115	10,400	SH		SOLE		10,400	0	0
CALL/SVXY @ 35 EXP 01/20/2017	CALL	74347W627	74	40	SH	Call	SOLE		40	0	0
CALL/SVXY @ 40 EXP 01/20/2017	CALL	74347W627	313	200	SH	Call	SOLE		200	0	0
CALL/SVXY @ 40 EXP 01/19/2018	CALL	74347W627	4,499	2,200	SH	Call	SOLE		2,200	0	0
QCR HOLDINGS INC CMN	COM	74727A104	27	1,000	SH		SOLE		1,000	0	0
RADIANT LOGISTICS INC CMN	COM	75025X100	25	8,410	SH		SOLE		8,410	0	0
RESOLUTE FOREST PRODUCTS INC CMN	COM	76117W109	5	1,000	SH		SOLE		1,000	0	0
ROYAL GOLD, INC. CMN	COM	780287108	7	100	SH		SOLE		100	0	0
SPDR S&P 500 ETF TRUST	ETF	78462F103	319,129	1,523,471	SH		SOLE		1,523,471	0	0
PUT/SPY @ 175 EXP 07/22/2016	PUT	78462F103	60	10,000	SH	Put	SOLE		10,000	0	0
PUT/SPY @ 175 EXP 08/19/2016	PUT	78462F103	375	13,649	SH	Put	SOLE		13,649	0	0
SAFEGUARD SCIENTIFICS INC CMN	COM	786449207	35	2,800	SH		SOLE		2,800	0	0
SHIRE LIMITED SPONSORED ADR CMN	COM	82481R106	2,728	14,820	SH		SOLE		14,820	0	0
SILVER RUN ACQUISITION CORP. UNIT	OTHER	82811P200	3,743	375,000	SH		SOLE		375,000	0	0
SOLAR CAPITAL LTD. MUTUAL FUND	COM	83413U100	95	5,000	SH		SOLE		5,000	0	0
TCP CAP CORP MUTUAL FUND	COM	87238Q103	15	1,000	SH		SOLE		1,000	0	0
THL CREDIT INC MUTUAL FUND	COM	872438106	244	21,964	SH		SOLE		21,964	0	0
TRI POINTE GROUP INC CMN	COM	87265H109	355	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	652	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	1,667	260,000	SH		SOLE		260,000	0	0
CALL/TWTR @ 30 EXP 01/19/2018	CALL	90184L102	4	40	SH	Call	SOLE		40	0	0
U.S. GLOBAL INVESTORS INC A CMN	COM	902952100	2	1,000	SH		SOLE		1,000	0	0
U.S. GEOTHERMAL, INC. CMN	COM	90338S102	336	410,200	SH		SOLE		410,200	0	0
CALL/GDX @ 30.0000 EXP01/19/2018	CALL	92189F106	1,553	3,000	SH	Call	SOLE		3,000	0	0
VANGUARD SPECIALIZED PORTFOLIO VANGUARD DIVIDEND APPRECIATION MUTUAL FUND CL ETF SER VIPERS	ETF	921908844	31,694	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	1,422	19,900	SH		SOLE		19,900	0	0
VANGUARD FTSE ALL-WORLD EX-US INDEX FUND ETF	ETF	922042775	23	542	SH		SOLE		542	0	0
VANGUARD S&P 500 ETF	ETF	922908363	296,914	1,544,818	SH		SOLE		1,544,818	0	0
VIAD CORP CMN	COM	92552R406	725	23,400	SH		SOLE		23,400	0	0
VIDEOCON D2H LIMITED ADR CMN	COM	92657J101	424	50,000	SH		SOLE		50,000	0	0
VIRTU FINANCIAL, INC. CMN CLASS A	COM	928254101	5,739	318,849	SH		SOLE		318,849	0	0
VOLT INFO SCIENCES, INC. CMN	COM	928703107	1,043	176,401	SH		SOLE		176,401	0	0
WEBSTER FINANCIAL CORP CMN	COM	947890109	119	3,500	SH		SOLE		3,500	0	0
WINTHROP REALTY TRUST CMN	COM	976391300	2,026	230,500	SH		SOLE		230,500	0	0
CALL/YUM @ 85 EXP 01/20/2017	CALL	988498101	94	200	SH	Call	SOLE		200	0	0
ALLERGAN PLC CMN	COM	G0177J108	231	1,000	SH		SOLE		1,000	0	0
ELECTRUM SPL ACQUISITION CORP UNIT	OTHER	G3105C120	501	50,000	SH		SOLE		50,000	0	0
ESSENT GROUP LTD. CMN	COM	G3198U102	44	2,000	SH		SOLE		2,000	0	0
GREENLIGHT CAPITAL RE LTD-A CMN	COM	G4095J109	397	19,696	SH		SOLE		19,696	0	0