13F-HR 1 q40013f.txt Q4 2000 13F-HR UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 13F FORM 13F COVER PAGE Report for the Calendar Year or Quarter Ended: December 31, 2000 Check here if Amendment: ___; Amendment Number: ___ This Amendment (Check only one.) ___ is a restatement. ___ adds new holdings entries. Institutional Investment Manager Filing this Report: Name: Gruber & McBaine Capital Management, LLC Address: 50 Osgood Place, Penthouse__ San Francisco, CA 94133_____ Form 13F File Number: 28-3296________ The institutional investment manager filing this report and the person by whom it is signed hereby represent that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists and tables, are considered integral parts of this Form. Person Signing this Report on Behalf of Reporting Manager: Name: Elizabeth Giorgis____________ Title: administrator_______________ Phone: 415 981 1039_________________ Signature, Place and Date of Signing: _________________________ San Francisco, CA_ February 2, 2001 [Signature] [City, State] [Date] Report Type (Check only one.): _X_ 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager are reported in this report.) ___ 13F NOTICE. (Check here if no holdings reported are in this report, and all holdings are reported by other reporting manager(s).) ___ 13F COMBINATION REPORT. (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).) List of Other Managers Reporting for this Manager: [If there are no entries in this list, omit this section.] Form 13F File Number Name 29-________________ ________________________________________ [Repeat as necessary.] Form 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: _____0_____ Form 13F Information Table Entry Total: _____241___ Form 13F Information Table Value Total: __970,711__ List of Other Included Managers: Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report. [If there are no entries in this list, state "NONE" and omit the column headings and list entries.] No. Form 13F File Number Name NONE 28-___________ ___________________________ [Repeat as necessary.] NAME OF ISSUER TITLE OF CUSIP VALUE SHARES INV. OTHER AUTH CLASS X1000 DISC MGR Acterna Corp common 00503U105 837 62,000 SOLE 62,000 Adaptive Broadband Corp common 00650M104 3047 497,500 SOLE 497,500 Adept Technology common 006854103 3442 237,400 SOLE 237,400 Adobe Systems common 00724F101 175 3,000 SOLE 3,000 Advanced Fibre Communicationscommon 00754A105 7362 407,600 SOLE 407,600 Advanced Radio Telecommunicatcommon 00754U101 36 35,000 SOLE 35,000 AMC Entertainment common 001669100 560 140,000 SOLE 140,000 American Capital Strategies common 024937104 5025 199,500 SOLE 199,500 American Physician Capital common 028884104 3354 202,500 SOLE 202,500 Ameripath common 03071D109 316 12,650 SOLE 12,650 Applera Corp common 038020103 10 110 SOLE 110 Applied Films common 038197109 662 32,400 SOLE 32,400 Applied Imaging common 03820G106 711 196,000 SOLE 196,000 Aremisoft Corp common 040026106 3223 75,500 SOLE 75,500 Ariel CP common 04033M104 174 148,000 SOLE 148,000 ArtiSoft common 04314L106 353 97,500 SOLE 97,500 Aspen Technology common 045327103 1214 36,500 SOLE 36,500 At Comm common 00208K105 10809 554,164 SOLE 554,164 Auspex Systems Inc. common 052116100 791 125,589 SOLE 125,589 Avocent Corp common 053893103 4209 155,900 SOLE 155,900 Banc Plus Corp cvt bnd 06446AA5 714 825,000 SOLE 825,000 Bitstream Inc common 091736108 2419 944,000 SOLE 944,000 Boeing common 097023105 13530 205,000 SOLE 205,000 Borland Software common 097023105 1372 248,000 SOLE 248,000 Boston Communications Group common 100582105 1686 60,500 SOLE 60,500 Bracknell Corp common 10382K102 1798 321,200 SOLE 321,200 Bright Station PLC ADR common 10921M106 718 638,000 SOLE 638,000 Buckle Inc common 118440106 2826 160,900 SOLE 160,900 Cabletron common 126920107 1506 100,000 SOLE 100,000 Cadence Design common 127387108 330 12,000 SOLE 12,000 California Micro Devices common 130439102 472 68,600 SOLE 68,600 Callaway Golf Co. common 131193104 7767 417,000 SOLE 417,000 Career Education common 141665109 7907 202,100 SOLE 202,100 Caremark Rx Inc common 141705103 71210 5,250,500 SOLE 5,250,500 Celeritek Inc common 150926103 7061 187,700 SOLE 187,700 Centillium Communications common 152319109 2946 132,400 SOLE 132,400 Certicom Corp common 156915100 6050 302,500 SOLE 302,500 Chevy Chase common 166784207 587 23,000 SOLE 23,000 Clickaction Inc common 18681E107 7858 1,428,800 SOLE 1,428,800 CMG Information Services common 125750109 5931 1,060,335 SOLE 1,060,335 CNA Surety Corp common 12612L108 1425 100,000 SOLE 100,000 CoastCast common 19057T108 905 51,700 SOLE 51,700 Coherent Inc. common 192479103 20023 616,100 SOLE 616,100 Com21 Inc common 205937105 843 179,800 SOLE 179,800 Computer Access Technology Cocommon 204853105 1486 145,000 SOLE 145,000 Comverse Technology common 205862402 20248 186,400 SOLE 186,400 Coolsavings.com common 216485102 29 28,600 SOLE 28,600 Corporate Executive Board common 21988R102 6862 172,550 SOLE 172,550 CoStar Group common 22160N109 15471 654,853 SOLE 654,853 Credit Management Solutions common 224905109 986 788,700 SOLE 788,700 Cuisine Solutions common 229904107 2078 1,583,157 SOLE 1,583,157 Cylink CP common 232565101 77 35,500 SOLE 35,500 Cypress Semiconductor common 232806109 3455 175,500 SOLE 175,500 Daou Systems common 237015102 428 806,400 SOLE 806,400 Datastream Systems common 238124101 590 60,500 SOLE 60,500 Descartes Systems common 249906108 20695 867,000 SOLE 867,000 Digimarc Corp common 253807101 8501 515,200 SOLE 515,200 Digital Lighthouse common 25386P105 951 1,449,000 SOLE 1,449,000 DMC Stratex Networks common 23322L106 5055 337,000 SOLE 337,000 Dreyers Ice Cream common 261878102 45046 1,396,788 SOLE 1,396,788 Dycom common 267475101 898 25,000 SOLE 25,000 Earthlink Network Inc common 270321102 931 185,000 SOLE 185,000 Ebenx Inc common 278668108 1646 243,900 SOLE 243,900 Edison International common 281020107 1563 100,000 SOLE 100,000 Edison Schools common 281033100 315 10,000 SOLE 10,000 Efficient Networks common 282056100 11886 834,080 SOLE 834,080 Emcore Corp common 290846104 6721 143,000 SOLE 143,000 Empyrean Biosciences common 29245E103 28 112,500 SOLE 112,500 Emusic.com Inc common 292476108 225 801,700 SOLE 801,700 Equity Marketing common 294724109 4678 340,200 SOLE 340,200 Esps INC common 269129102 870 632,700 SOLE 632,700 Exabyte common 300615101 269 78,300 SOLE 78,300 Excelon Corp common 300691102 2095 1,396,700 SOLE 1,396,700 Express Scripts Inc common 302182100 1789 17,500 SOLE 17,500 Extensity Inc common 302255104 496 82,400 SOLE 82,400 Extreme Networks common 30226D106 9781 250,000 SOLE 250,000 Federal Agricultural Mortgagecommon 313148306 4240 181,400 SOLE 181,400 Fidelity National Finance common 316326107 1489 40,300 SOLE 40,300 Fila Holdings common 316850106 3837 503,200 SOLE 503,200 Film Roman common 317234102 305 977,000 SOLE 977,000 First American Financial common 318522307 4129 125,600 SOLE 125,600 Footstar Inc common 344912100 4465 90,200 SOLE 90,200 Frequency Electronics common 358010106 1127 66,300 SOLE 66,300 Fresh America common 358034106 818 727,400 SOLE 727,400 Friedman Billings Ramsey Groucommon 358433100 3298 502,500 SOLE 502,500 Gadzooks Inc. common 362553109 732 49,600 SOLE 49,600 Gap Stores common 364760108 638 25,000 SOLE 25,000 Garden Burger common 365476100 268 536,300 SOLE 536,300 Gemplus International common 36866Y102 916 51,600 SOLE 51,600 Genesis Microchip common 371933102 1795 194,100 SOLE 194,100 Genome Therapeutics common 371931106 1391 199,600 SOLE 199,600 Geoworks Corp common 373692102 1258 428,150 SOLE 428,150 Gilead Sciences common 375558103 1825 22,000 SOLE 22,000 Granite Construction common 387328107 3927 135,700 SOLE 135,700 Guitar Center common 402040109 57 5,000 SOLE 5,000 Ha Lo Industries common 404429102 1127 501,000 SOLE 501,000 Healthcare.com Corp common 42221Y100 2632 1,754,800 SOLE 1,754,800 Hercules common 427056106 1268 66,500 SOLE 66,500 Hibernia Foods PLC ADR common 428660104 13845 2,575,869 SOLE 2,575,869 Hollywood Media common 436233100 2563 661,540 SOLE 661,540 I K O S Sys common 451716203 1207 136,000 SOLE 136,000 Image Entertainment common 452439201 145 44,500 SOLE 44,500 IMP Inc. common 449693209 18 38,200 SOLE 38,200 Infinium Software common 45662Y109 892 570,700 SOLE 570,700 Insignia Solutions common 45766J107 95 20,000 SOLE 20,000 Integramed America common 45810N302 356 190,100 SOLE 190,100 Intercept Group common 45845L107 6432 241,000 SOLE 241,000 Internap Networks common 45885A102 442 61,000 SOLE 61,000 Intertan Inc common 461120107 1835 157,850 SOLE 157,850 Int'l Paper common 460146103 4081 100,000 SOLE 100,000 Int'l Special. Products common 460337108 238 35,600 SOLE 35,600 Intraware common 46118M103 455 309,700 SOLE 309,700 Intuit Inc common 461202103 2309 58,550 SOLE 58,550 Invivo Corp. common 461858105 3110 329,500 SOLE 329,500 Iridex common 462684101 2965 608,200 SOLE 608,200 Isolyser Inc. common 464888106 528 527,500 SOLE 527,500 J.P. Morgan common 46625H100 5793 35,000 SOLE 35,000 JDS Uniphase common 46612J101 3127 75,000 SOLE 75,000 Kana Comm common 483600102 33 3,055 SOLE 3,055 Keynote Systems common 493308100 728 51,300 SOLE 51,300 Kushner-Locke common 501337406 191 3,053,900 SOLE 3,053,900 Landamerica Financial common 514936103 3652 90,300 SOLE 90,300 Leadingside Inc common 521711101 225 749,300 SOLE 749,300 Lexar Media common 52886P104 328 350,000 SOLE 350,000 Lifeminders Inc. common 53219H108 6482 1,851,950 SOLE 1,851,950 Louisiana Pacific Corp common 546347105 1796 177,400 SOLE 177,400 Lowes Companies common 548661107 1335 30,000 SOLE 30,000 LTX Corp. common 502392103 13504 1,042,500 SOLE 1,042,500 Lynx Therapeutics common 551812308 454 50,405 SOLE 50,405 Manufacturers Services common 565005105 1000 151,000 SOLE 151,000 Marchfirst Inc common 566244109 1049 699,053 SOLE 699,053 Marketing Services Group common 570907105 1168 987,500 SOLE 987,500 Martek Biosciences common 572901106 2977 243,000 SOLE 243,000 Matria Healthcare common 576817100 4908 509,945 SOLE 509,945 MatrixOne Inc common 57685P304 53 2,904 SOLE 2,904 Maxxcom Inc common 57777W100 2602 400,000 SOLE 400,000 MDC Corp common 55267W309 16958 2,244,315 SOLE 2,244,315 MDSI Mobile Data Solution common 55268N100 783 101,400 SOLE 101,400 MDU Comm Int'l Inc common 582828109 200 720,000 SOLE 720,000 Med-Design Co common 583926100 5871 376,400 SOLE 376,400 Medicalogic Medscape Inc common 584642102 2069 894,700 SOLE 894,700 Medimmune common 584699102 572 12,000 SOLE 12,000 Menire Corp common 010558182 709 558,375 SOLE 558,375 Mentor Graphics common 587200106 3361 122,500 SOLE 122,500 Merrill Lynch and Co common 590188108 682 10,000 SOLE 10,000 Modtech Holdings common 60783C100 30607 4,221,594 SOLE 4,221,594 Monterey Pasta common 612570101 12478 2,626,900 SOLE 2,626,900 Morgan Stanley Dean Witter &common 617446448 3812 48,100 SOLE 48,100 Movado Group common 624580106 2303 151,000 SOLE 151,000 National Information Consorticommon 636491102 123 80,300 SOLE 80,300 National Wireless Hldg common 638560102 1769 131,000 SOLE 131,000 Natrol Inc common 638789107 876 583,850 SOLE 583,850 NCO Group common 628858102 1692 55,700 SOLE 55,700 Net.Genesis Corp common 64107E107 1201 369,400 SOLE 369,400 Netcentives common 64108P101 2051 538,000 SOLE 538,000 Network Appliance common 64120L104 24064 374,900 SOLE 374,900 Nike common 654106103 8684 155,600 SOLE 155,600 Niku Corp common 654113109 2936 401,510 SOLE 401,510 Nokia Cp common 654902204 6743 155,000 SOLE 155,000 Norsat Int'l common 656512100 1523 523,500 SOLE 523,500 OneSource Information Servicecommon 68272J106 7127 919,600 SOLE 919,600 OnSite Energy common 68284P108 207 2,954,512 SOLE 2,954,512 Ontro Inc common 683380109 192 106,000 SOLE 106,000 Ontro Inc Wts @8.25 wts 683380117 13 100,000 SOLE 100,000 Onyx Software common 683402101 3465 315,000 SOLE 315,000 Opinion Research Corp common 683755102 3501 727,400 SOLE 727,400 Orthologic Corp common 68750J107 3398 1,181,900 SOLE 1,181,900 Oxford Health Plans common 691471106 3843 97,300 SOLE 97,300 Pacific Gas & Electric common 69331C108 2200 110,000 SOLE 110,000 P-Com Inc common 693262107 5318 1,811,752 SOLE 1,811,752 Peoplesoft Inc. common 712713106 95 2,550 SOLE 2,550 Per-Se Technologies Inc common 713569200 6084 1,745,967 SOLE 1,745,967 PhotoMedex common 517903308 889 158,000 SOLE 158,000 Pinnacle Systems common 723481107 12954 1,756,425 SOLE 1,756,425 Pittsburgh Pa Pub Pkg cvt bnd 725259GR 10 10,000 SOLE 10,000 PMR Corp common 693451106 1905 1,325,421 SOLE 1,325,421 Polycom common 73172K104 14945 464,300 SOLE 464,300 Powerwave Technologies common 739363109 17287 295,500 SOLE 295,500 Primus Knowledge Solutions common 74163Q100 130 20,000 SOLE 20,000 Puma Technology common 745906107 6234 1,500,000 SOLE 1,500,000 QLogic common 747277101 3303 42,900 SOLE 42,900 Quiksilver Inc common 74838C106 2430 125,400 SOLE 125,400 Radisys Corp. common 750459109 2551 98,600 SOLE 98,600 Red Hat Inc common 756577102 1375 220,000 SOLE 220,000 Redwood Trust common 758075402 11610 654,100 SOLE 654,100 Remec Inc. common 759543101 6390 663,850 SOLE 663,850 Remedy Corp common 759548100 845 51,000 SOLE 51,000 Renaissance Worldwide common 75968A109 1710 2,188,600 SOLE 2,188,600 Research in Motion common 760975102 25273 314,500 SOLE 314,500 Right Management Consultants common 766573109 652 41,400 SOLE 41,400 Robotic Visions Systems common 771074101 1669 606,800 SOLE 606,800 RSA Security Inc. common 749719100 14794 279,800 SOLE 279,800 Saba Software common 784932105 2303 146,200 SOLE 146,200 Safeguard Scientifics Inc. common 786449108 4097 618,350 SOLE 618,350 Safenet Inc common 78645R107 3196 68,000 SOLE 68,000 Santa Barbara Restaurant Groucommon 801378100 656 524,900 SOLE 524,900 Santa Cruz Operation common 801833104 1286 1,004,000 SOLE 1,004,000 Savvis Communications common 805423100 35 40,000 SOLE 40,000 Sawtek Inc. common 805468105 693 15,000 SOLE 15,000 Schuler Hms(SHLRG)Cvt@21.83 cvt bnd 808188AA4 1229 1,350,000 SOLE 1,350,000 Schuler Homes common 808188106 585 65,000 SOLE 65,000 Scient Corp common 80864H109 15 4,500 SOLE 4,500 Sherwin Williams common 824348106 3305 125,600 SOLE 125,600 Sino Forest CL A common 82934H101 1834 2,776,400 SOLE 2,776,400 Sirit Technology common 82966K105 117 186,000 SOLE 186,000 Smurfit Stone Container Corp common 832727101 2592 173,500 SOLE 173,500 Softnet Systems common 833964109 403 222,500 SOLE 222,500 Stake Technology common 852559103 4597 3,198,100 SOLE 3,198,100 Stamps.com Inc common 852857101 3127 1,124,300 SOLE 1,124,300 Starbase Cp common 854910205 227 97,000 SOLE 97,000 Startec Glbl Commun CP common 85569E103 596 153,900 SOLE 153,900 Stockeryale Inc common 86126T203 375 30,300 SOLE 30,300 Student Advantage Inc common 86386Q105 2209 519,800 SOLE 519,800 Sunguard Data Systems common 867363103 2366 50,200 SOLE 50,200 Synbiotics Corp. common 871566105 477 1,091,300 SOLE 1,091,300 Synopsys Inc. common 871607107 474 10,000 SOLE 10,000 Tankology common 87583E101 13613,588,658 SOLE 13,588,658 Tekelec common 879101103 23766 792,200 SOLE 792,200 Telscape International common 87969E105 34 35,500 SOLE 35,500 Therma Wave common 88343A108 1390 99,300 SOLE 99,300 Tidel Tech common 886368109 4382 762,000 SOLE 762,000 Transmeta Corp common 89376R109 494 21,000 SOLE 21,000 Tricom common 89612A100 1667 207,900 SOLE 207,900 United American Healthcare common 90934C105 25 11,000 SOLE 11,000 United Technologies common 913017109 1179 15,000 SOLE 15,000 US Internetworking Inc common 917311805 1562 312,362 SOLE 312,362 US Search.com Inc common 903381101 117 532,600 SOLE 532,600 US Treasury Notes 7% 7/1/99 us treas912827Y55 37 35,000 SOLE 35,000 Venator Group common 922944103 2333 150,500 SOLE 150,500 VI Technologies common 917920100 2116 403,000 SOLE 403,000 Vidamed common 926530106 802 291,500 SOLE 291,500 Virata Corp common 927646109 941 86,500 SOLE 86,500 Vista Information Solutions common 928365204 30 35,100 SOLE 35,100 Vitesse common 928497106 60180 1,088,000 SOLE 1,088,000 Wave Systems common 943526103 248 55,000 SOLE 55,000 West Marine common 954235107 1619 392,500 SOLE 392,500 Western Garnet Co. common 95825D105 291 880,000 SOLE 880,000 Wolverine Worldwide common 978097103 6123 401,500 SOLE 401,500 Workflow Management common 98137N109 3288 478,300 SOLE 478,300 Zindart LTD common 989597109 1186 690,100 SOLE 690,100 Z-Tel Technologies common 988792107 708 136,500 SOLE 136,500