13F-HR 1 q30213f.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 13F FORM 13F COVER PAGE Report for the Calendar Year or Quarter Ended: September 30, 2002 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_ October 15, 2002 [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: _____227___ Form 13F Information Table Value Total: __635,346__ 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 Advisory Board common 00762W107 242,787 7191 SOLE 242,787 Align Technology common 016255101 614,500 1695 SOLE 614,500 Allegiance Telecommunicat common 01747T102 373,000 310 SOLE 373,000 Alliance Data Systems common 018581108 40,000 606 SOLE 40,000 American Home Mortgage common 02660M108 170,350 1879 SOLE 170,350 American Science and Engi common 029429107 289,900 2771 SOLE 289,900 American Tel & Tel common 001957109 201,700 2422 SOLE 201,700 Andrx Corp common 034553107 36,000 797 SOLE 36,000 ArtiSoft common 04314L106 10,000 7 SOLE 10,000 ArtiSoft Inc ser B Pref Preferred 04314L106 700,000 525 SOLE 700,000 Barrick Gold common 067901108 75,700 1177 SOLE 75,700 Benihana Inc common 082047200 160,665 1992 SOLE 160,665 Best Buy Co. common 086516101 69,500 1551 SOLE 69,500 Bitstream Inc common 091736108 1,008,200 2016 SOLE 1,008,200 BJ Services common 055482103 281,000 7306 SOLE 281,000 Blue Rhino Corp common 095811105 702,672 10530 SOLE 702,672 Brocade Communications Sy common 111621108 130,000 979 SOLE 130,000 Brown and Brown Inc common 115236101 70,100 2103 SOLE 70,100 Burberry Group Plc common G1699R107 301,000 936 SOLE 301,000 Cabot Microelectronics Co common 12709P103 15,000 559 SOLE 15,000 Caci International common 127190304 120,400 4268 SOLE 120,400 Career Education common 141665109 100,800 4839 SOLE 100,800 Caremark Rx Inc common 141705103 713,690 12133 SOLE 713,690 Cash America common 14754D100 100,500 823 SOLE 100,500 Casual Male Retail Grp common 148711104 952,100 3846 SOLE 952,100 Cedar Fair common 150185106 121,650 2844 SOLE 121,650 Centillium Communications common 152319109 988,800 1187 SOLE 988,800 Charles River Assoc common 159852102 301,677 5008 SOLE 301,677 Charter Municipal Mortgag common 160908109 50,550 891 SOLE 50,550 Chiquita Banana common 170032809 30,000 464 SOLE 30,000 Citrix Systems common 177376100 150,000 905 SOLE 150,000 Clickaction Inc common 18681E107 1,468,300 176 SOLE 1,468,300 Coach Inc common 189754104 253,150 6481 SOLE 253,150 Cognos Inc common 19244C109 66,100 1111 SOLE 66,100 Corporate Executive Board common 21988R102 493,000 14075 SOLE 493,000 CoStar Group common 22160N109 576,400 10375 SOLE 576,400 Cree Research common 225447101 58,000 725 SOLE 58,000 Cross Media Marketing Cor common 22754R201 240,046 180 SOLE 240,046 Cuisine Solutions common 229904107 1,120,457 336 SOLE 1,120,457 Cybersource Corp common 23251J106 300,100 600 SOLE 300,100 Daou Systems common 237015102 728,000 364 SOLE 728,000 Devon Energy common 25179M103 20,000 965 SOLE 20,000 Digimarc Corp common 253807101 630,800 7361 SOLE 630,800 DigitalThink common 25388M100 10,000 11 SOLE 10,000 Drugstore.com common 262241102 324,300 542 SOLE 324,300 Edison Schools common 281033100 2,189,400 723 SOLE 2,189,400 Eldorado Gold common 284902103 100,000 92 SOLE 100,000 Energy Savings common 292717105 430,000 4497 SOLE 430,000 Ensco Intl Inc. common 26874Q100 80,000 2003 SOLE 80,000 Enwisen.com Inc common 29410M104 200,000 13 SOLE 200,000 Enwisen.com Inc ser A pf Preferred 29410M104 909,091 64 SOLE 909,091 EPlus common 294268107 250,600 1629 SOLE 250,600 Equity Marketing common 294724109 283,700 3050 SOLE 283,700 Ethan Allen Interiors common 297602104 175,400 5676 SOLE 175,400 Euronet Worldwide Inc common 298736109 286,325 1440 SOLE 286,325 Excelon Corp common 300691102 634,100 165 SOLE 634,100 Factual Data Corp common 303094106 306,400 1967 SOLE 306,400 FAO Inc common 30240S105 905,000 2579 SOLE 905,000 Film Roman common 317234102 939,500 85 SOLE 939,500 FNX Mining common 30253R101 250,000 811 SOLE 250,000 Forgent Networks common 34629U103 214,300 369 SOLE 214,300 Four Kids Entertainment common 350865101 85,455 2028 SOLE 85,455 Frequency Electronics common 358010106 46,700 339 SOLE 46,700 Fresh America common 35803R105 942,400 47 SOLE 942,400 Garden Burger common 365476100 1,509,400 1253 SOLE 1,509,400 Garden Burger Ccvt prf Preferred 365476100 68,000 56 SOLE 68,000 Garden Burger Dcvt prf Preferred 365476100 12,000 10 SOLE 12,000 Gemplus International common 36866Y102 408,000 367 SOLE 408,000 General Maritime common Y2692M103 292,400 1842 SOLE 292,400 Gladstone Capital common 376535100 413,050 6972 SOLE 413,050 Global Payments common 37940X102 215,600 5519 SOLE 215,600 Goldcorp Inc common 380956409 202,500 2234 SOLE 202,500 Granite Construction common 387328107 91,700 1511 SOLE 91,700 Handspring Inc common 410293104 1,465,900 1378 SOLE 1,465,900 Harmonic Inc common 413160102 252,900 379 SOLE 252,900 Harmony Gold Mining Compa common 413216300 136,300 2133 SOLE 136,300 Herley Industries common 427398102 191,500 3556 SOLE 191,500 Hewitt Associates common 42822Q100 90,500 2673 SOLE 90,500 Hewlett-Packard Co common 428236103 270,000 3151 SOLE 270,000 Hibernia Foods PLC ADR common 428660104 3,013,380 11752 SOLE 3,013,380 Hollywood Media common 436233100 1,302,431 1628 SOLE 1,302,431 Hotels.com common 44147T108 130,525 6602 SOLE 130,525 Hypercom Corp common 44913M105 268,500 768 SOLE 268,500 IBIS Technology common 450909106 65,000 274 SOLE 65,000 Imageware Software common 45245S108 70,000 126 SOLE 70,000 Infinium Software common 45662Y109 418,400 1937 SOLE 418,400 Insignia Solutions common 45766J107 457,600 180 SOLE 457,600 Insituform Tech common 457667103 943,200 13534 SOLE 943,200 Integramed America common 45810N302 627,000 3480 SOLE 627,000 Intercept Inc common 45845L107 301,050 2977 SOLE 301,050 Intergrated Circuit Sys common 45811K208 269,100 4225 SOLE 269,100 Internap Networks common 45885A102 10,000 2 SOLE 10,000 Intersil Corporation common 46069S109 60,000 778 SOLE 60,000 Intervoice Inc common 461142101 75,000 120 SOLE 75,000 Intrado Inc common 46117A100 190,000 1835 SOLE 190,000 Intuit Inc common 461202103 131,575 5991 SOLE 131,575 Invivo Corp. common 461858102 195,200 2623 SOLE 195,200 Iridex common 462684101 504,900 1666 SOLE 504,900 Itron common 465741106 200,000 3678 SOLE 200,000 Ivax Corp common 465823102 653,000 8012 SOLE 653,000 Jacobs Engineering common 469814107 191,600 5917 SOLE 191,600 JB Hunt Trans Svs common 445658107 45,000 1060 SOLE 45,000 JD Edwards and Co. common 281667105 140,000 1295 SOLE 140,000 Jet Blue Airways common 477143101 34,000 1371 SOLE 34,000 Kana Software common 483600300 464,850 368 SOLE 464,850 Kenneth Cole Productions common 193294105 362,650 7362 SOLE 362,650 Kohls Corp common 500255104 40,050 2435 SOLE 40,050 Kroll Inc common 501049100 161,950 3211 SOLE 161,950 Kulicke & Soffa common 501242101 88,000 264 SOLE 88,000 Kushner-Locke common 501337406 2,880,900 9 SOLE 2,880,900 L3 Communications common 502424104 185,800 9792 SOLE 185,800 Lexar Media common 52886P104 3,011,981 7982 SOLE 3,011,981 Lockeed Martin common 539830109 85,850 5552 SOLE 85,850 Lowes Companies common 548661107 30,000 1242 SOLE 30,000 LTX Corp. common 502392103 66,200 302 SOLE 66,200 Macromedia Inc. common 556100105 245,000 1894 SOLE 245,000 Man Tech International common 564563104 240,000 5631 SOLE 240,000 Matria Healthcare common 576817209 693,245 5948 SOLE 693,245 Maxxcom Inc common 57777W100 400,000 214 SOLE 400,000 McKesson Corp. common 58155Q103 284,500 8060 SOLE 284,500 MDC Corp common 55267W309 2,717,139 10102 SOLE 2,717,139 MDU Comm Int'l common 582828109 519,500 108 SOLE 519,500 Medical Staffing Networks common 58463F104 312,800 4745 SOLE 312,800 Medicalogic Medscape Inc common 584642102 2,336,667 506 SOLE 2,336,667 Micron Technology Inc. common 595112103 310,000 3835 SOLE 310,000 Microtek Medical Holdings common 59515B109 693,000 1026 SOLE 693,000 MKTG Services Inc common 55308X100 482,779 164 SOLE 482,779 Modtech Holdings common 60783C100 2,570,299 24418 SOLE 2,570,299 Modtech Holdings Ser A Preferred 60783C100 67,518 641 SOLE 67,518 Monolithic System Technol common 609842109 92,000 920 SOLE 92,000 Monterey Pasta common 612570101 2,506,500 11655 SOLE 2,506,500 Murphy Oil Corp common 626717102 55,200 4530 SOLE 55,200 National Commerce Financi common 63545P104 35,100 879 SOLE 35,100 Natrol Inc common 638789107 955,250 1051 SOLE 955,250 NBTY Inc common 628782104 240,000 3115 SOLE 240,000 NCO Portfolio Mgmt Inc common 62885J108 360,000 1908 SOLE 360,000 Netcentives common 64108P101 2,057,300 1 SOLE 2,057,300 Netopia Inc common 64114K104 468,900 703 SOLE 468,900 Netscreen Technologies common 64117V107 156,000 1693 SOLE 156,000 Noble Corp common G65422100 20,450 634 SOLE 20,450 Nokia Cp common 654902204 175,000 2319 SOLE 175,000 NWH Inc common 62946E106 151,000 1779 SOLE 151,000 Oak Technology common 671802106 340,000 1081 SOLE 340,000 Ocean Energy common 67481E106 385,000 7681 SOLE 385,000 OnSite Energy common 68284P108 1,548,972 31 SOLE 1,548,972 OnSite Energy Corp. ser E Preferred 68284P108 22,500 225 SOLE 22,500 Openwave Systems common 683718100 750,000 465 SOLE 750,000 Opinion Research Corp common 683755102 795,800 3860 SOLE 795,800 Opsware Inc common 68383A101 886,000 638 SOLE 886,000 Orthologic Corp common 68750J107 1,073,000 4153 SOLE 1,073,000 Overture Services common 69039R100 165,550 3902 SOLE 165,550 Pacific Capital Bancorp common 69404P101 387,566 10526 SOLE 387,566 Palm Inc common 696642107 3,000,000 2220 SOLE 3,000,000 P-Com Inc common 693262206 1,579,332 320 SOLE 1,579,332 Peregrine Systems Inc common 71366Q101 10,000 1 SOLE 10,000 Pet Smart Inc common 716768106 249,300 4440 SOLE 249,300 Phoenix Technology common 719153108 330,500 2396 SOLE 330,500 Photon Dynamics common 719364101 87,500 1630 SOLE 87,500 Pinnacle Systems common 723481107 1,739,600 18788 SOLE 1,739,600 Pittsburgh Pa Pub Pkg Cvt Bond 725259GR 10,000 10 SOLE 10,000 Polymedica common 731738100 1,110,300 29334 SOLE 1,110,300 Portal Software common 736126103 10,000 2 SOLE 10,000 Power Integrations common 739273103 79,000 963 SOLE 79,000 Proxim common 744283102 1,151,128 2014 SOLE 1,151,128 Psychiatric Solutions common 74439H108 271,995 1556 SOLE 271,995 Pumatech common 745887109 922,700 203 SOLE 922,700 QLogic common 747277101 80,000 2083 SOLE 80,000 Quicksilver Resources common 74837R104 119,200 2146 SOLE 119,200 Quiksilver Inc common 74838C106 80,400 1816 SOLE 80,400 Raindance Communication I common 75086X106 686,000 2120 SOLE 686,000 Rational Software Corp. common 75409P202 240,000 1037 SOLE 240,000 Red Hat Inc common 756577102 1,654,700 7860 SOLE 1,654,700 Redwood Trust common 758075402 151,050 4128 SOLE 151,050 Restoration Hardware common 760981100 501,380 2256 SOLE 501,380 RF Micro Devices common 749941100 208,000 1248 SOLE 208,000 Rite Aid common 767754104 1,411,100 2963 SOLE 1,411,100 Robotic Visions common 771074101 1,434,000 402 SOLE 1,434,000 Safeguard Scientifics Inc common 786449108 1,343,700 1492 SOLE 1,343,700 Safenet Inc common 78645R107 137,900 2239 SOLE 137,900 Sangamo Biosciences Inc common 800677106 175,014 345 SOLE 175,014 Sciquest Inc common 80908Q107 659,700 409 SOLE 659,700 Select Comfort common 81616X103 320,100 1969 SOLE 320,100 Select Medical Corp common 816196109 702,250 10042 SOLE 702,250 Silicon Image Inc common 82705T102 622,700 2547 SOLE 622,700 Sino Forest CL A common 82934H101 2,504,900 1436 SOLE 2,504,900 Sirit Technology common 82966K105 186,000 1 SOLE 186,000 Skyworks Solutions common 83088M102 270,100 1224 SOLE 270,100 Softnet Systems common 833964100 65,000 150 SOLE 65,000 Sonex Com common 835448101 1,206,446 207 SOLE 1,206,446 Sonex Pfd Stk Preferred 835448101 725,000 621 SOLE 725,000 Sony Corp common 835699307 100,450 4128 SOLE 100,450 Southwest Bancorpation of common 84476R109 40,000 1456 SOLE 40,000 Stake Technology common 852559103 4,048,900 9353 SOLE 4,048,900 Stamps.com Inc common 852857101 2,521,600 10666 SOLE 2,521,600 Steiner Leisure common P8744Y102 141,350 1732 SOLE 141,350 Stratex Networks common 86279T109 698,400 893 SOLE 698,400 Student Advantage Inc common 86386Q204 51,250 40 SOLE 51,250 Superior Energy Services common 868157108 500,000 3250 SOLE 500,000 Synbiotics Corp. common 871566105 874,200 157 SOLE 874,200 Talbots common 874161102 95,300 2668 SOLE 95,300 Tanknology NDE common 87583E101 3,857,335 4 SOLE 3,857,335 Tarantella Inc common 876090101 1,301,600 338 SOLE 1,301,600 Taser Intl common 87651B104 140,500 722 SOLE 140,500 Tekelec common 879101103 538,100 4644 SOLE 538,100 Texas Instruments Inc common 882508104 215,000 3176 SOLE 215,000 Tidel Tech common 886368109 673,800 270 SOLE 673,800 Timberland Co. common 887100105 70,300 2227 SOLE 70,300 Tricom common 89612A100 255,100 829 SOLE 255,100 Tripath Tech common 89672P104 789,480 126 SOLE 789,480 United Healthcare Corp. common 91324P102 40,000 3489 SOLE 40,000 United Online Inc common 911268100 401,470 3850 SOLE 401,470 Upton Resources common 91685D102 175,000 410 SOLE 175,000 US Search.com common 903404101 4,098,245 1680 SOLE 4,098,245 UTStarcom Inc common 918076100 360,000 5497 SOLE 360,000 VI Technologies common 917920100 508,300 407 SOLE 508,300 Virage Logic Corp common 92763R104 34,000 321 SOLE 34,000 Vitesse common 928497106 791,300 538 SOLE 791,300 Wave Systems common 943526103 80,000 120 SOLE 80,000 Wellpoint Health common 94973H108 67,500 4948 SOLE 67,500 West Marine common 954235107 86,200 1096 SOLE 86,200 Western Digital Corp. common 958102105 789,500 3711 SOLE 789,500 Western Garnet Co. common 95825D105 1,005,500 2661 SOLE 1,005,500 Wireless Facilities common 97653A103 50,000 222 SOLE 50,000 Worldcom Inc common 98157D106 10,000 1 SOLE 10,000 Xilinx common 989597109 171,671 2441 SOLE 171,671 Zindart LTD ADR's common 989597109 1,338,800 2022 SOLE 1,338,800 Zoran common 98975F101 70,000 770 SOLE 70,000
SM\M-CORP\IA-13/16\1028307.01