JBF Capital, Inc.
JBF Capital, Inc. is a hedge fund and investment adviser headquartered in Aspen, Colorado. Founded in 2004 by John Fullerton, it specializes in managing pooled investment vehicles and provides investment services primarily to institutional clients. The firm has a small team relative to its assets under management, with estimated employee count below 10. JBF Capital is known for its focused, active portfolio management and serving clients in the United States.
Investment Strategy
JBF Capital, Inc. primarily manages a concentrated portfolio of public equities and ETFs with a value-oriented approach, regularly adjusting positions to capture market opportunities in large-cap stocks, technology, consumer discretionary, and alternative asset classes such as Bitcoin ETFs. The firm’s strategy appears to blend fundamental analysis with tactical asset allocation, focusing on high-liquidity instruments and balancing broad index exposure (e.g., S&P 500 ETF) against selected growth and alternative investments for diversification and performance. Turnover rate is moderate, reflecting active management.
Top Holdings
Equity Positions (62)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
V VOO | VANGUARD INDEX FUNDS | 46.08% | $289.2M | 509,121 | $174.56 | $568.03 | +$27.6M |
M MSFT | MICROSOFT CORPORATION | 14.19% | $89.0M | 179,000 | $85.19 | $497.41 | +$21.8M |
A AMZN | AMAZON.COM INC | 9.51% | $59.7M | 272,000 | $59.03 | $219.39 | +$7.9M |
G GRBK | GREEN BRICK PARTNERS, INC. | 4.37% | $27.4M | 436,530 | $23.90 | $62.88 | +$2.0M |
Q QQQ | INVESCO QQQ TRUST | 4.04% | $25.4M | 46,000 | $551.64 | $551.64 | +$25.4M |
Options Positions (3)
| Ticker | Security | Action | Type | Notional Value | Contracts | Underlying Price | Premium Paid | Change (Contracts) | Change (Value) |
|---|---|---|---|---|---|---|---|---|---|
T TSLA | TESLA, INC. | New | Put | $971.5K | 34 | $317.66 | $317.66 | +34 | +$971.5K |
G GSK | GSK PLC | — | Call | $51.5K | 2 | $38.40 | $33.82 | 0 | -$11.5K |
H HPQ | HP INC. | Bought | Call | $28.4K | 2 | $24.46 | $34.44 | +0.1 | -$26.1K |