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
ALPHA PRO TECH LTD CMN	COM	020772109	9	3,400	SH		SOLE		3,400	0	0
ALPHABET INC. CMN CLASS C	COM	02079K107	8,296	10,000	SH		SOLE		10,000	0	0
AMAZON.COM INC CMN	COM	023135106	17,731	20,000	SH		SOLE		20,000	0	0
AMERICAN SHARED HOSP SVCS CMN	COM	029595105	325	75,058	SH		SOLE		75,058	0	0
AMGEN INC. CMN	COM	031162100	1,641	10,000	SH		SOLE		10,000	0	0
APPLIED MATERIALS INC CMN	COM	038222105	7,750	199,230	SH		SOLE		199,230	0	0
ARALEZ PHARMACEUTICALS INC. CMN	COM	03852X100	2	1,076	SH		SOLE		1,076	0	0
AXCELIS TECHNOLOGIES INC CMN	COM	054540208	64	3,379	SH		SOLE		3,379	0	0
BANCOLOMBIA S.A. SPONSORED ADR PFD USD0.1156	COM	05968L102	109	2,730	SH		SOLE		2,730	0	0
BANK OF AMERICA CORP CMN	COM	060505104	3,539	150,000	SH		SOLE		150,000	0	0
BERKSHIRE HATHAWAY INC CL-A (DEL) CLASS A	COM	084670108	13,742	55	SH		SOLE		55	0	0
BERKSHIRE HATHAWAY INC. CLASS B	COM	084670702	70	420	SH		SOLE		420	0	0
BLUCORA INC CMN	COM	095229100	17	1,000	SH		SOLE		1,000	0	0
BOULDER GROWTH & INCOME FD INC MUTUAL FUND	COM	101507101	671	72,106	SH		SOLE		72,106	0	0
C&F FINANCIAL CORP CMN	COM	12466Q104	51	1,111	SH		SOLE		1,111	0	0
CSW INDUSTRIALS, INC. CMN	COM	126402106	274	7,477	SH		SOLE		7,477	0	0
CU BANCORP CMN	COM	126534106	293	7,397	SH		SOLE		7,397	0	0
CAPITAL SOUTHWEST CORPORATION MUTUAL FUND	COM	140501107	126	7,477	SH		SOLE		7,477	0	0
CAPITOL ACQUISITION CORP III UNIT	OTHER	14055M205	1,082	93,700	SH		SOLE		93,700	0	0
CAPSTEAD MORTGAGE CORPORATION CMN	COM	14067E506	211	20,000	SH		SOLE		20,000	0	0
CEMTREX INC CMN	COM	15130G303	141	40,000	SH		SOLE		40,000	0	0
CENTENNIAL RESOURCE DEV INC CMN	COM	15136A102	18	1,000	SH		SOLE		1,000	0	0
WTS/CENTENNIAL RESOURCE DEVELOPMENT, INC. 11.5000 EXP10/11/2021	WTS	15136A110	2	333	SH	Call	SOLE		333	0	0
CENTRAL SECURITIES CORP. MUTUAL FUND	COM	155123102	599	25,000	SH		SOLE		25,000	0	0
CITIZENS, INC. CMN CLASS A	COM	174740100	3	405	SH		SOLE		405	0	0
CITY OFFICE REIT, INC. CMN	COM	178587101	226	18,600	SH		SOLE		18,600	0	0
CONTINENTAL MATERIALS CORP CMN	COM	211615307	8	300	SH		SOLE		300	0	0
DEL TACO RESTAURANTS INC CMN	COM	245496104	1	100	SH		SOLE		100	0	0
DIAMOND HILL INVESTMENT GROUP CMN	COM	25264R207	195	1,000	SH		SOLE		1,000	0	0
DIGIRAD CORPORATION CMN	COM	253827109	159	30,000	SH		SOLE		30,000	0	0
DIXIE GROUP, INC. (THE) 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	1,264	86,225	SH		SOLE		86,225	0	0
EMERSON RADIO CORP CMN	COM	291087203	20	14,700	SH		SOLE		14,700	0	0
EXPRESS, INC. CMN	COM	30219E103	146	16,000	SH		SOLE		16,000	0	0
FACEBOOK, INC. CMN CLASS A	COM	30303M102	2,841	20,000	SH		SOLE		20,000	0	0
CALL/FB @ 170 EXP 06/15/2018	CALL	30303M102	290	500	SH	Call	SOLE		500	0	0
FIRST CMNTY CORP S C CMN	COM	319835104	425	19,301	SH		SOLE		19,301	0	0
FORTIVE CORPORATION CMN	COM	34959J108	301	5,000	SH		SOLE		5,000	0	0
FULL HOUSE RESORTS CMN	COM	359678109	3	1,216	SH		SOLE		1,216	0	0
GAMING AND LEISURE PROP, INC. CMN	COM	36467J108	295	8,840	SH		SOLE		8,840	0	0
GAMESTOP CORP CMN CLASS A	COM	36467W109	94	4,149	SH		SOLE		4,149	0	0
GENVEC INC CMN	COM	37246C406	7	1,180	SH		SOLE		1,180	0	0
GILEAD SCIENCES CMN	COM	375558103	69	1,010	SH		SOLE		1,010	0	0
GOLUB CAPITAL BDC LLC MUTUAL FUND	COM	38173M102	1,601	80,527	SH		SOLE		80,527	0	0
GREAT AJAX CORP CMN	COM	38983D300	326	25,000	SH		SOLE		25,000	0	0
GREAT ELM CAPITAL GROUP, INC. CMN CLASS	COM	39036P209	182	55,166	SH		SOLE		55,166	0	0
GUARANTY FEDERAL BANCSHARES INC	COM	40108P101	95	5,000	SH		SOLE		5,000	0	0
HARVARD BIOSCIENCE INC CMN	COM	416906105	16	6,200	SH		SOLE		6,200	0	0
HEARTLAND FINL USA INC CMN	COM	42234Q102	16	326	SH		SOLE		326	0	0
HERCULES CAPITAL INC .	COM	427096508	15	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	6	4,845	SH		SOLE		4,845	0	0
ISHARES MSCI IRELAND CAPPED ETF	ETF	46429B507	778	19,411	SH		SOLE		19,411	0	0
JPMORGAN CHASE & CO CMN	COM	46625H100	3,514	40,000	SH		SOLE		40,000	0	0
JMP GROUP LLC. CMN	COM	46629U107	207	34,174	SH		SOLE		34,174	0	0
JAKKS PACIFIC INC CMN	COM	47012E106	54	9,900	SH		SOLE		9,900	0	0
KAYNE ANDERSON ACQUISITION CORP. CORP	OTHER	48661U201	5,980	596,816	SH		SOLE		596,816	0	0
KEMET CORPORATION CMN	COM	488360207	1	100	SH		SOLE		100	0	0
LANDMARK BANCORP INC CMN	COM	51504L107	327	11,025	SH		SOLE		11,025	0	0
LIQUIDITY SERVICES INC CMN	COM	53635B107	120	15,000	SH		SOLE		15,000	0	0
LORAL SPACE &COMMUNICATION INC. CMN	COM	543881106	77	1,957	SH		SOLE		1,957	0	0
LUBYS INC CMN STOCK CMN	COM	549282101	3	900	SH		SOLE		900	0	0
MGIC INVESTMENT CORP COMMON STOCK	COM	552848103	4,450	439,300	SH		SOLE		439,300	0	0
MRV COMMUNICATIONS, INC. CMN	COM	553477407	19	1,800	SH		SOLE		1,800	0	0
MARLIN BUSINESS SERVICES CORP. CMN	COM	571157106	551	21,400	SH		SOLE		21,400	0	0
MICROSOFT CORPORATION CMN	COM	594918104	13,172	200,000	SH		SOLE		200,000	0	0
MODUSLINK GLOBAL SOLUTIONS, INC CMN	COM	60786L206	18	10,000	SH		SOLE		10,000	0	0
MORGAN STANLEY CHINA A SHARE FUND, INC.	COM	617468103	19	1,000	SH		SOLE		1,000	0	0
NATIONAL OILWELL VARCO, INC. COMMON STOCK CMN	COM	637071101	40	1,000	SH		SOLE		1,000	0	0
NATIONSTAR MTG HLDGS INC CMN	COM	63861C109	16	1,000	SH		SOLE		1,000	0	0
NEW IRELAND FUND INC MUTUAL FUND	COM	645673104	571	45,075	SH		SOLE		45,075	0	0
NEW MOUNTAIN FINANCE CORP MUTUAL FUND	COM	647551100	15	1,000	SH		SOLE		1,000	0	0
NICHOLAS FINANCIAL, INC. CMN	COM	65373J209	137	12,846	SH		SOLE		12,846	0	0
NORTHRIM BANCORP INC CMN	COM	666762109	117	3,895	SH		SOLE		3,895	0	0
OCWEN FINANCIAL CORPORATION CMN	COM	675746309	5	1,000	SH		SOLE		1,000	0	0
PARK ELECTROCHEMICAL CRP CMN	COM	700416209	18	1,000	SH		SOLE		1,000	0	0
PARKE BANCORP INC CMN	COM	700885106	197	9,210	SH		SOLE		9,210	0	0
PENNANTPARK INVESTMENT CORP MUTUAL FUND	COM	708062104	11	1,405	SH		SOLE		1,405	0	0
PENNANTPARK FLOATING RATE CAP LTD	COM	70806A106	87	6,245	SH		SOLE		6,245	0	0
PEPSICO INC CMN	COM	713448108	2,349	21,000	SH		SOLE		21,000	0	0
CALL/PEP @ 120 EXP 01/18/2019	CALL	713448108	223	500	SH	Call	SOLE		500	0	0
PINNACLE ENTERTAINMENT INC. CMN	COM	72348Y105	203	10,400	SH		SOLE		10,400	0	0
CALL/SVXY @ 40 EXP 01/19/2018	CALL	74347W627	20,350	2,000	SH	Call	SOLE		2,000	0	0
PUT/SVXY @ 80 EXP 06/16/2017	PUT	74347W627	425	2,500	SH	Put	SOLE		2,500	0	0
RADIANT LOGISTICS INC CMN	COM	75025X100	182	36,410	SH		SOLE		36,410	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	359,143	1,523,471	SH		SOLE		1,523,471	0	0
PUT/SPY @ 200 EXP 05/19/2017	PUT	78462F103	39	2,000	SH	Put	SOLE		2,000	0	0
SAFEGUARD SCIENTIFICS INC CMN	COM	786449207	36	2,800	SH		SOLE		2,800	0	0
THE FINANCIAL SELECT SECTOR SPDR FUND	ETF	81369Y605	119	5,000	SH		SOLE		5,000	0	0
SHIRE LIMITED SPONSORED ADR CMN	COM	82481R106	2,582	14,820	SH		SOLE		14,820	0	0
SILVER RUN ACQUISITION CORPORATION II UNIT	OTHER	82812A202	7,562	725,000	SH		SOLE		725,000	0	0
SNAP INC. CMN CLASS A	COM	83304A106	586	26,000	SH		SOLE		26,000	0	0
SOLAR CAPITAL LTD. MUTUAL FUND	COM	83413U100	113	5,000	SH		SOLE		5,000	0	0
TCP CAP CORP MUTUAL FUND	COM	87238Q103	17	1,000	SH		SOLE		1,000	0	0
THL CREDIT INC MUTUAL FUND	COM	872438106	219	21,964	SH		SOLE		21,964	0	0
TRI POINTE GROUP INC CMN	COM	87265H109	376	30,000	SH		SOLE		30,000	0	0
TEMPLETON GLOBAL INCOME FUND MUTUAL FUND	COM	880198106	266	40,000	SH		SOLE		40,000	0	0
PUT/TSLA @ 200 EXP 01/18/2019	PUT	88160R101	579	240	SH	Put	SOLE		240	0	0
TOLL BROTHERS, INC. CMN	COM	889478103	875	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	2,041	260,000	SH		SOLE		260,000	0	0
CALL/TWTR @ 30 EXP 01/19/2018	CALL	90184L102	1	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	90338S201	280	68,366	SH		SOLE		68,366	0	0
VANGUARD SPECIALIZED PORTFOLIO VANGUARD DIVIDEND APPRECIATION MUTUAL FUND CL ETF SER VIPERS	ETF	921908844	34,245	380,756	SH		SOLE		380,756	0	0
VANGUARD FTSE ALL-WORLD EX-US INDEX FUND ETF	ETF	922042775	26	542	SH		SOLE		542	0	0
VANGUARD S&P 500 ETF	ETF	922908363	328,813	1,519,818	SH		SOLE		1,519,818	0	0
VIDEOCON D2H LIMITED ADR CMN	COM	92657J101	575	50,000	SH		SOLE		50,000	0	0
VIRTU FINANCIAL, INC. CMN CLASS A	COM	928254101	3,782	222,481	SH		SOLE		222,481	0	0
VOLT INFO SCIENCES, INC. CMN	COM	928703107	8	1,203	SH		SOLE		1,203	0	0
WAYSIDE TECHNOLOGY GROUP, INC CMN	COM	946760105	158	8,390	SH		SOLE		8,390	0	0
WEBSTER FINANCIAL CORP CMN	COM	947890109	175	3,500	SH		SOLE		3,500	0	0
CALL/XLNX @ 75 EXP 01/18/2019	CALL	983919101	255	1,000	SH	Call	SOLE		1,000	0	0
ALLERGAN PLC CMN	COM	G0177J108	239	1,000	SH		SOLE		1,000	0	0
ASIA PACIFIC WIRE & CABLE CORP CMN	COM	G0535E106	50	18,188	SH		SOLE		18,188	0	0
ELECTRUM SPL ACQUISITION CORP UNIT	OTHER	G3105C120	517	50,000	SH		SOLE		50,000	0	0
ESSENT GROUP LTD. CMN	COM	G3198U102	72	2,000	SH		SOLE		2,000	0	0
MICHAEL KORS HOLDINGS LIMITED CMN	COM	G60754101	99	2,600	SH		SOLE		2,600	0	0