13F-HR/A 1 q30213fa.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 7,191 242,787 SOLE 242,787 Align Technology common 016255101 1,695 614,500 SOLE 614,500 Allegiance Telecommunicat common 01747T102 310 373,000 SOLE 373,000 Alliance Data Systems common 018581108 606 40,000 SOLE 40,000 American Home Mortgage common 02660M108 1,879 170,350 SOLE 170,350 American Science and Engi common 029429107 2,771 289,900 SOLE 289,900 American Tel & Tel common 001957109 2,422 201,700 SOLE 201,700 Andrx Corp common 034553107 797 36,000 SOLE 36,000 ArtiSoft common 04314L106 7 10,000 SOLE 10,000 ArtiSoft Inc ser B Pref Preferred 04314L106 525 700,000 SOLE 700,000 Barrick Gold common 067901108 1,177 75,700 SOLE 75,700 Benihana Inc common 082047200 1,992 160,665 SOLE 160,665 Best Buy Co. common 086516101 1,551 69,500 SOLE 69,500 Bitstream Inc common 091736108 2,016 1,008,200 SOLE 1,008,200 BJ Services common 055482103 7,306 281,000 SOLE 281,000 Blue Rhino Corp common 095811105 10,530 702,672 SOLE 702,672 Brocade Communications Sy common 111621108 979 130,000 SOLE 130,000 Brown and Brown Inc common 115236101 2,103 70,100 SOLE 70,100 Burberry Group Plc common G1699R107 936 301,000 SOLE 301,000 Cabot Microelectronics Co common 12709P103 559 15,000 SOLE 15,000 Caci International common 127190304 4,268 120,400 SOLE 120,400 Career Education common 141665109 4,839 100,800 SOLE 100,800 Caremark Rx Inc common 141705103 12,133 713,690 SOLE 713,690 Cash America common 14754D100 823 100,500 SOLE 100,500 Casual Male Retail Grp common 148711104 3,846 952,100 SOLE 952,100 Cedar Fair common 150185106 2,844 121,650 SOLE 121,650 Centillium Communications common 152319109 1,187 988,800 SOLE 988,800 Charles River Assoc common 159852102 5,008 301,677 SOLE 301,677 Charter Municipal Mortgag common 160908109 891 50,550 SOLE 50,550 Chiquita Banana common 170032809 464 30,000 SOLE 30,000 Citrix Systems common 177376100 905 150,000 SOLE 150,000 Clickaction Inc common 18681E107 176 1,468,300 SOLE 1,468,300 Coach Inc common 189754104 6,481 253,150 SOLE 253,150 Cognos Inc common 19244C109 1,111 66,100 SOLE 66,100 Corporate Executive Board common 21988R102 14,075 493,000 SOLE 493,000 CoStar Group common 22160N109 10,375 576,400 SOLE 576,400 Cree Research common 225447101 725 58,000 SOLE 58,000 Cross Media Marketing Cor common 22754R201 180 240,046 SOLE 240,046 Cuisine Solutions common 229904107 336 1,120,457 SOLE 1,120,457 Cybersource Corp common 23251J106 600 300,100 SOLE 300,100 Daou Systems common 237015102 364 728,000 SOLE 728,000 Devon Energy common 25179M103 965 20,000 SOLE 20,000 Digimarc Corp common 253807101 7,361 630,800 SOLE 630,800 DigitalThink common 25388M100 11 10,000 SOLE 10,000 Drugstore.com common 262241102 542 324,300 SOLE 324,300 Edison Schools common 281033100 723 2,189,400 SOLE 2,189,400 Eldorado Gold common 284902103 92 100,000 SOLE 100,000 Energy Savings common 292717105 4,497 430,000 SOLE 430,000 Ensco Intl Inc. common 26874Q100 2,003 80,000 SOLE 80,000 Enwisen.com Inc common 29410M104 13 200,000 SOLE 200,000 Enwisen.com Inc ser A pf Preferred 29410M104 64 909,091 SOLE 909,091 EPlus common 294268107 1,629 250,600 SOLE 250,600 Equity Marketing common 294724109 3,050 283,700 SOLE 283,700 Ethan Allen Interiors common 297602104 5,676 175,400 SOLE 175,400 Euronet Worldwide Inc common 298736109 1,440 286,325 SOLE 286,325 Excelon Corp common 300691102 165 634,100 SOLE 634,100 Factual Data Corp common 303094106 1,967 306,400 SOLE 306,400 FAO Inc common 30240S105 2,579 905,000 SOLE 905,000 Film Roman common 317234102 85 939,500 SOLE 939,500 FNX Mining common 30253R101 811 250,000 SOLE 250,000 Forgent Networks common 34629U103 369 214,300 SOLE 214,300 Four Kids Entertainment common 350865101 2,028 85,455 SOLE 85,455 Frequency Electronics common 358010106 339 46,700 SOLE 46,700 Fresh America common 35803R105 47 942,400 SOLE 942,400 Garden Burger common 365476100 1,253 1,509,400 SOLE 1,509,400 Garden Burger Ccvt prf Preferred 365476100 56 68,000 SOLE 68,000 Garden Burger Dcvt prf Preferred 365476100 10 12,000 SOLE 12,000 Gemplus International common 36866Y102 367 408,000 SOLE 408,000 General Maritime common Y2692M103 1,842 292,400 SOLE 292,400 Gladstone Capital common 376535100 6,972 413,050 SOLE 413,050 Global Payments common 37940X102 5,519 215,600 SOLE 215,600 Goldcorp Inc common 380956409 2,234 202,500 SOLE 202,500 Granite Construction common 387328107 1,511 91,700 SOLE 91,700 Handspring Inc common 410293104 1,378 1,465,900 SOLE 1,465,900 Harmonic Inc common 413160102 379 252,900 SOLE 252,900 Harmony Gold Mining Compa common 413216300 2,133 136,300 SOLE 136,300 Herley Industries common 427398102 3,556 191,500 SOLE 191,500 Hewitt Associates common 42822Q100 2,673 90,500 SOLE 90,500 Hewlett-Packard Co common 428236103 3,151 270,000 SOLE 270,000 Hibernia Foods PLC ADR common 428660104 11,752 3,013,380 SOLE 3,013,380 Hollywood Media common 436233100 1,628 1,302,431 SOLE 1,302,431 Hotels.com common 44147T108 6,602 130,525 SOLE 130,525 Hypercom Corp common 44913M105 768 268,500 SOLE 268,500 IBIS Technology common 450909106 274 65,000 SOLE 65,000 Imageware Software common 45245S108 126 70,000 SOLE 70,000 Infinium Software common 45662Y109 1,937 418,400 SOLE 418,400 Insignia Solutions common 45766J107 180 457,600 SOLE 457,600 Insituform Tech common 457667103 13,534 943,200 SOLE 943,200 Integramed America common 45810N302 3,480 627,000 SOLE 627,000 Intercept Inc common 45845L107 2,977 301,050 SOLE 301,050 Intergrated Circuit Sys common 45811K208 4,225 269,100 SOLE 269,100 Internap Networks common 45885A102 2 10,000 SOLE 10,000 Intersil Corporation common 46069S109 778 60,000 SOLE 60,000 Intervoice Inc common 461142101 120 75,000 SOLE 75,000 Intrado Inc common 46117A100 1,835 190,000 SOLE 190,000 Intuit Inc common 461202103 5,991 131,575 SOLE 131,575 Invivo Corp. common 461858102 2,623 195,200 SOLE 195,200 Iridex common 462684101 1,666 504,900 SOLE 504,900 Itron common 465741106 3,678 200,000 SOLE 200,000 Ivax Corp common 465823102 8,012 653,000 SOLE 653,000 Jacobs Engineering common 469814107 5,917 191,600 SOLE 191,600 JB Hunt Trans Svs common 445658107 1,060 45,000 SOLE 45,000 JD Edwards and Co. common 281667105 1,295 140,000 SOLE 140,000 Jet Blue Airways common 477143101 1,371 34,000 SOLE 34,000 Kana Software common 483600300 368 464,850 SOLE 464,850 Kenneth Cole Productions common 193294105 7,362 362,650 SOLE 362,650 Kohls Corp common 500255104 2,435 40,050 SOLE 40,050 Kroll Inc common 501049100 3,211 161,950 SOLE 161,950 Kulicke & Soffa common 501242101 264 88,000 SOLE 88,000 Kushner-Locke common 501337406 9 2,880,900 SOLE 2,880,900 L3 Communications common 502424104 9,792 185,800 SOLE 185,800 Lexar Media common 52886P104 7,982 3,011,981 SOLE 3,011,981 Lockeed Martin common 539830109 5,552 85,850 SOLE 85,850 Lowes Companies common 548661107 1,242 30,000 SOLE 30,000 LTX Corp. common 502392103 302 66,200 SOLE 66,200 Macromedia Inc. common 556100105 1,894 245,000 SOLE 245,000 Man Tech International common 564563104 5,631 240,000 SOLE 240,000 Matria Healthcare common 576817209 5,948 693,245 SOLE 693,245 Maxxcom Inc common 57777W100 214 400,000 SOLE 400,000 McKesson Corp. common 58155Q103 8,060 284,500 SOLE 284,500 MDC Corp common 55267W309 10,102 2,717,139 SOLE 2,717,139 MDU Comm Int'l common 582828109 108 519,500 SOLE 519,500 Medical Staffing Networks common 58463F104 4,745 312,800 SOLE 312,800 Medicalogic Medscape Inc common 584642102 506 2,336,667 SOLE 2,336,667 Micron Technology Inc. common 595112103 3,835 310,000 SOLE 310,000 Microtek Medical Holdings common 59515B109 1,026 693,000 SOLE 693,000 MKTG Services Inc common 55308X100 164 482,779 SOLE 482,779 Modtech Holdings common 60783C100 24,418 2,570,299 SOLE 2,570,299 Modtech Holdings Ser A Preferred 60783C100 641 67,518 SOLE 67,518 Monolithic System Technol common 609842109 920 92,000 SOLE 92,000 Monterey Pasta common 612570101 11,655 2,506,500 SOLE 2,506,500 Murphy Oil Corp common 626717102 4,530 55,200 SOLE 55,200 National Commerce Financi common 63545P104 879 35,100 SOLE 35,100 Natrol Inc common 638789107 1,051 955,250 SOLE 955,250 NBTY Inc common 628782104 3,115 240,000 SOLE 240,000 NCO Portfolio Mgmt Inc common 62885J108 1,908 360,000 SOLE 360,000 Netcentives common 64108P101 1 2,057,300 SOLE 2,057,300 Netopia Inc common 64114K104 703 468,900 SOLE 468,900 Netscreen Technologies common 64117V107 1,693 156,000 SOLE 156,000 Noble Corp common G65422100 634 20,450 SOLE 20,450 Nokia Cp common 654902204 2,319 175,000 SOLE 175,000 NWH Inc common 62946E106 1,779 151,000 SOLE 151,000 Oak Technology common 671802106 1,081 340,000 SOLE 340,000 Ocean Energy common 67481E106 7,681 385,000 SOLE 385,000 OnSite Energy common 68284P108 31 1,548,972 SOLE 1,548,972 OnSite Energy Corp. ser E Preferred 68284P108 225 22,500 SOLE 22,500 Openwave Systems common 683718100 465 750,000 SOLE 750,000 Opinion Research Corp common 683755102 3,860 795,800 SOLE 795,800 Opsware Inc common 68383A101 638 886,000 SOLE 886,000 Orthologic Corp common 68750J107 4,153 1,073,000 SOLE 1,073,000 Overture Services common 69039R100 3,902 165,550 SOLE 165,550 Pacific Capital Bancorp common 69404P101 10,526 387,566 SOLE 387,566 Palm Inc common 696642107 2,220 3,000,000 SOLE 3,000,000 P-Com Inc common 693262206 320 1,579,332 SOLE 1,579,332 Peregrine Systems Inc common 71366Q101 1 10,000 SOLE 10,000 Pet Smart Inc common 716768106 4,440 249,300 SOLE 249,300 Phoenix Technology common 719153108 2,396 330,500 SOLE 330,500 Photon Dynamics common 719364101 1,630 87,500 SOLE 87,500 Pinnacle Systems common 723481107 18,788 1,739,600 SOLE 1,739,600 Pittsburgh Pa Pub Pkg Cvt Bond 725259GR 10 10,000 SOLE 10,000 Polymedica common 731738100 29,334 1,110,300 SOLE 1,110,300 Portal Software common 736126103 2 10,000 SOLE 10,000 Power Integrations common 739273103 963 79,000 SOLE 79,000 Proxim common 744283102 2,014 1,151,128 SOLE 1,151,128 Psychiatric Solutions common 74439H108 1,556 271,995 SOLE 271,995 Pumatech common 745887109 203 922,700 SOLE 922,700 QLogic common 747277101 2,083 80,000 SOLE 80,000 Quicksilver Resources common 74837R104 2,146 119,200 SOLE 119,200 Quiksilver Inc common 74838C106 1,816 80,400 SOLE 80,400 Raindance Communication I common 75086X106 2,120 686,000 SOLE 686,000 Rational Software Corp. common 75409P202 1,037 240,000 SOLE 240,000 Red Hat Inc common 756577102 7,860 1,654,700 SOLE 1,654,700 Redwood Trust common 758075402 4,128 151,050 SOLE 151,050 Restoration Hardware common 760981100 2,256 501,380 SOLE 501,380 RF Micro Devices common 749941100 1,248 208,000 SOLE 208,000 Rite Aid common 767754104 2,963 1,411,100 SOLE 1,411,100 Robotic Visions common 771074101 402 1,434,000 SOLE 1,434,000 Safeguard Scientifics Inc common 786449108 1,492 1,343,700 SOLE 1,343,700 Safenet Inc common 78645R107 2,239 137,900 SOLE 137,900 Sangamo Biosciences Inc common 800677106 345 175,014 SOLE 175,014 Sciquest Inc common 80908Q107 409 659,700 SOLE 659,700 Select Comfort common 81616X103 1,969 320,100 SOLE 320,100 Select Medical Corp common 816196109 10,042 702,250 SOLE 702,250 Silicon Image Inc common 82705T102 2,547 622,700 SOLE 622,700 Sino Forest CL A common 82934H101 1,436 2,504,900 SOLE 2,504,900 Sirit Technology common 82966K105 1 186,000 SOLE 186,000 Skyworks Solutions common 83088M102 1,224 270,100 SOLE 270,100 Softnet Systems common 833964100 150 65,000 SOLE 65,000 Sonex Com common 835448101 207 1,206,446 SOLE 1,206,446 Sonex Pfd Stk Preferred 835448101 621 725,000 SOLE 725,000 Sony Corp common 835699307 4,128 100,450 SOLE 100,450 Southwest Bancorpation of common 84476R109 1,456 40,000 SOLE 40,000 Stake Technology common 852559103 9,353 4,048,900 SOLE 4,048,900 Stamps.com Inc common 852857101 10,666 2,521,600 SOLE 2,521,600 Steiner Leisure common P8744Y102 1,732 141,350 SOLE 141,350 Stratex Networks common 86279T109 893 698,400 SOLE 698,400 Student Advantage Inc common 86386Q204 40 51,250 SOLE 51,250 Superior Energy Services common 868157108 3,250 500,000 SOLE 500,000 Synbiotics Corp. common 871566105 157 874,200 SOLE 874,200 Talbots common 874161102 2,668 95,300 SOLE 95,300 Tanknology NDE common 87583E101 4 3,857,335 SOLE 3,857,335 Tarantella Inc common 876090101 338 1,301,600 SOLE 1,301,600 Taser Intl common 87651B104 722 140,500 SOLE 140,500 Tekelec common 879101103 4,644 538,100 SOLE 538,100 Texas Instruments Inc common 882508104 3,176 215,000 SOLE 215,000 Tidel Tech common 886368109 270 673,800 SOLE 673,800 Timberland Co. common 887100105 2,227 70,300 SOLE 70,300 Tricom common 89612A100 829 255,100 SOLE 255,100 Tripath Tech common 89672P104 126 789,480 SOLE 789,480 United Healthcare Corp. common 91324P102 3,489 40,000 SOLE 40,000 United Online Inc common 911268100 3,850 401,470 SOLE 401,470 Upton Resources common 91685D102 410 175,000 SOLE 175,000 US Search.com common 903404101 1,680 4,098,245 SOLE 4,098,245 UTStarcom Inc common 918076100 5,497 360,000 SOLE 360,000 VI Technologies common 917920100 407 508,300 SOLE 508,300 Virage Logic Corp common 92763R104 321 34,000 SOLE 34,000 Vitesse common 928497106 538 791,300 SOLE 791,300 Wave Systems common 943526103 120 80,000 SOLE 80,000 Wellpoint Health common 94973H108 4,948 67,500 SOLE 67,500 West Marine common 954235107 1,096 86,200 SOLE 86,200 Western Digital Corp. common 958102105 3,711 789,500 SOLE 789,500 Western Garnet Co. common 95825D105 2,661 1,005,500 SOLE 1,005,500 Wireless Facilities common 97653A103 222 50,000 SOLE 50,000 Worldcom Inc common 98157D106 1 10,000 SOLE 10,000 Xilinx common 989597109 2,441 171,671 SOLE 171,671 Zindart LTD ADR's common 989597109 2,022 1,338,800 SOLE 1,338,800 Zoran common 98975F101 770 70,000 SOLE 70,000
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