GRUBER & MCBAINE CAPITAL MANAGEMENT LLC

13F filer, CIK 909450, SAN FRANCISCO, CA

GRUBER & MCBAINE CAPITAL MANAGEMENT LLC reported $332,066,000 across 152 holdings for the quarter ended 2013-09-30, in a 13F-HR filed 2013-11-14. Its ten largest share positions make up 34.7% of the portfolio.

Filed 2013-11-14 (acceptance time not in the bulk data set), ingested 2026-10-07 20:02:22 UTC13F-HR 0000909450-13-000032

Period: 2013-09-30
Reported value: $332M
Holdings: 152
Top 10 weight: 34.7%
New: 38
Sold out: 32

Largest buys vs the previous quarter

Security	Shares change	Approx. value
CLHnew	+60,000	$3.52M
BNOnew	+80,000	$3.4M
XILINX INCnew	+65,000	$3.05M
Caviumnew	+65,000	$2.68M
Advanced Emissions Solution…new	+59,181	$2.53M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Largest sells vs the previous quarter

Security	Shares change	Approx. value
SPREADTRUM COMMUNICATIONS INreduced	-269,900	-$8.22M
NQ MOBILE INCreduced	-335,000	-$7.3M
HERTZ GLOBAL HLDGS INC Nexited	-200,000	-$4.96M
HIMXreduced	-475,000	-$4.75M
LINEAR TECHNOLOGY CORPexited	-95,000	-$3.5M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Holdings, Q3 2013

Share positions as resolved from 13F-HR 0000909450-13-000032, largest first. % of portfolio is the value over $332,070,000, the sum of the share positions whose value is usable for ratios (method).

Security	Shares	Value	% of portfolio	Change	Latest event	Timeline
MDC PARTNERS INCMDC PARTNERS INC	1,045,257	$29.2M	8.81%	-106,729
STKLSUNOPTA INC	2,371,993	$23.1M	6.94%	-92,000		Timeline
HIMXHIMAX TECHNOLOGIES INC	1,350,000	$13.5M	4.07%	-475,000		Timeline
IMAGEWARE SYSTEMS INC COMIMAGEWARE SYSTEMS INC COM	6,626,723	$9.48M	2.86%	-1,717,225
Lihua International Inc.Lihua International Inc.	1,581,570	$7.88M	2.37%	-5,010
ALCATEL-LUCENT - SPONSORED …ALCATEL-LUCENT - SPONSORED ADR	2,099,400	$7.41M	2.23%	+199,400	The CUSIP as filed is malformed.
PIONEER NATURAL RESOURCES COPIONEER NATURAL RESOURCES CO	38,000	$7.17M	2.16%	-3,106
Move IncMove Inc	414,025	$7.02M	2.11%	-200
UALUNITED AIRLS HLDGS INC	175,000	$5.37M	1.62%	+75,000		Timeline
PRIMPRIMORIS SVCS CORP	200,000	$5.09M	1.53%	-20,000		Timeline
APPLE INCAPPLE INC	10,500	$5.01M	1.51%	+5,000	The CUSIP as filed is malformed.
ODYSSEY MARINE EXPLORATION IODYSSEY MARINE EXPLORATION I	1,540,526	$4.64M	1.4%	0
VYXNCR VOYIX CORPORATION	114,650	$4.54M	1.37%	-250		Timeline
SIGASIGA TECHNOLOGIES INC	1,174,954	$4.51M	1.36%	0		Timeline
Procera Networks direct regProcera Networks direct reg	290,000	$4.49M	1.35%	+45,000
POWERSECURE INTERNATIONAL INPOWERSECURE INTERNATIONAL IN	274,300	$4.4M	1.33%	-51,000
CONNQCONNS INC	80,000	$4M	1.21%	-20,000		Timeline
CALXCALIX INC	290,000	$3.69M	1.11%	+185,648		Timeline
Be Aerospace IncBe Aerospace Inc	49,925	$3.69M	1.11%	0	The CUSIP as filed is malformed.
Liberty Global Series CLiberty Global Series C	47,796	$3.6M	1.09%	0
Willbros GroupWillbros Group	386,000	$3.54M	1.07%	+16,000
CLHCLEAN HARBORS INC	60,000	$3.52M	1.06%	new		Timeline
IRDMIRIDIUM COMMUNICATIONS INC	508,188	$3.5M	1.05%	0		Timeline
EOGEOG RES INC	20,326	$3.44M	1.04%	0		Timeline
BNOUNITED STS BRENT OIL FD LP	80,000	$3.4M	1.02%	new		Timeline
UBIQUITI NETWORKS INCUBIQUITI NETWORKS INC	92,500	$3.11M	0.94%	+42,000
XILINX INCXILINX INC	65,000	$3.05M	0.92%	new
OTEXOPEN TEXT CORP	40,000	$2.99M	0.9%	+10,000		Timeline
INVENSENSE INCINVENSENSE INC	165,000	$2.91M	0.88%	-170,000
NQ MOBILE INCNQ MOBILE INC	130,000	$2.83M	0.85%	-335,000
DYDYCOM INDS INC	99,930	$2.8M	0.84%	-70		Timeline
CaviumCavium	65,000	$2.68M	0.81%	new
EXTREXTREME NETWORKS INC	509,536	$2.66M	0.8%	0		Timeline
GNWGENWORTH FINL INC	199,900	$2.56M	0.77%	+74,900		Timeline
FIVE STAR SENIOR LIVINGFIVE STAR SENIOR LIVING	490,000	$2.53M	0.76%	-50,000
Advanced Emissions Solution…Advanced Emissions Solutions Inc	59,181	$2.53M	0.76%	new	The CUSIP as filed is malformed.
INFOBLOX INCINFOBLOX INC	60,000	$2.51M	0.76%	0
LOGMEIN INCLOGMEIN INC	80,000	$2.48M	0.75%	+20,000
INTERNATIONAL RECTIFIER CORPINTERNATIONAL RECTIFIER CORP	100,000	$2.48M	0.75%	+10,100
DAKOTA PLAINSDAKOTA PLAINS	1,075,000	$2.39M	0.72%	+460,000
Broadcom IncBroadcom Inc	55,000	$2.37M	0.71%	new
TDCTERADATA CORP DEL	42,450	$2.35M	0.71%	0		Timeline
SERVICESOURCE INTL LLCSERVICESOURCE INTL LLC	194,640	$2.35M	0.71%	0
U S G CORPU S G CORP	79,800	$2.28M	0.69%	0
SHORETEL INCSHORETEL INC	376,000	$2.27M	0.68%	+296,210
GARMIN LTDGARMIN LTD	50,000	$2.26M	0.68%	new
NCI BUILDING SYSTEMS INCNCI BUILDING SYSTEMS INC	172,000	$2.19M	0.66%	+93,300
EMULEX CORPEMULEX CORP	270,000	$2.1M	0.63%	-62,395
SanDisk CorporationSanDisk Corporation	35,000	$2.08M	0.63%	-17,455
Just Energy Income FundJust Energy Income Fund	319,000	$2.04M	0.61%	-900
LXULSB INDS INC	60,000	$2.01M	0.61%	+29,600		Timeline
HEADWATERS INCHEADWATERS INC	219,900	$1.98M	0.6%	-100
MEIMETHODE ELECTRS INC	69,950	$1.96M	0.59%	-50		Timeline
TBBKBANCORP INC DEL	107,452	$1.9M	0.57%	0		Timeline
U S AIRWAYS GROUP INCU S AIRWAYS GROUP INC	100,000	$1.9M	0.57%	new
OSISOSI SYSTEMS INC	24,950	$1.86M	0.56%	0		Timeline
BROOKFIELD RESIDENTIAL PPTYSBROOKFIELD RESIDENTIAL PPTYS	79,982	$1.84M	0.55%	0
Aruba NetworksAruba Networks	110,000	$1.83M	0.55%	+15,000	The CUSIP as filed is malformed.
GPREGREEN PLAINS INC	111,660	$1.79M	0.54%	-540		Timeline
SONIC CORPSONIC CORP	100,000	$1.77M	0.53%	+35,000
American Vanguard CorpAmerican Vanguard Corp	65,002	$1.75M	0.53%	+3,600	The CUSIP as filed is malformed.
CALLIDUS SOFTWARE INCCALLIDUS SOFTWARE INC	186,862	$1.71M	0.52%	0
Zagg, Inc.Zagg, Inc.	370,000	$1.67M	0.5%	0
WFCWELLS FARGO & CO	40,000	$1.65M	0.5%	-40,000		Timeline
E TRADE FINANCIAL CORPE TRADE FINANCIAL CORP	100,000	$1.65M	0.5%	0
MATTSON TECHNOLOGY INCMATTSON TECHNOLOGY INC	619,000	$1.48M	0.45%	new
INFINERA CORPINFINERA CORP	130,000	$1.47M	0.44%	+30,200
PLABPHOTRONICS INC	186,777	$1.46M	0.44%	0		Timeline
RF MICRODEVICES INCRF MICRODEVICES INC	250,000	$1.41M	0.42%	-10,000
Points IntlPoints Intl	60,000	$1.39M	0.42%	-4,800
QUANTUM CORPQUANTUM CORP	1,000,000	$1.38M	0.42%	-607,585
NORTHERN TIER ENERGY LPNORTHERN TIER ENERGY LP	70,000	$1.38M	0.42%	+5,000
VLOVALERO ENERGY CORP	40,000	$1.37M	0.41%	new		Timeline
WNCWABASH NATL CORP	116,600	$1.36M	0.41%	+46,600		Timeline
Emcore CorpEmcore Corp	300,000	$1.35M	0.41%	+19,150
Equitable Resources IncEquitable Resources Inc	15,000	$1.33M	0.4%	new
ADTRAN INCADTRAN INC	49,700	$1.32M	0.4%	-300
SANDERSON FARMSSANDERSON FARMS	19,995	$1.3M	0.39%	new
WEB.COM GROUP INCWEB.COM GROUP INC	40,000	$1.29M	0.39%	0
FLOFLOWERS FOODS INC	60,000	$1.29M	0.39%	0		Timeline
PHARMATHENE INCPHARMATHENE INC	600,000	$1.26M	0.38%	0
SAIASAIA INC	40,000	$1.25M	0.38%	-12,500		Timeline
NSCNORFOLK SOUTHN CORP	14,950	$1.16M	0.35%	0		Timeline
CUI GLOBAL INCCUI GLOBAL INC	197,500	$1.14M	0.34%	-2,500
FIESTA RESTAURANT GROUP INCFIESTA RESTAURANT GROUP INC	30,000	$1.13M	0.34%	new
RMG Networks HldgsRMG Networks Hldgs	150,000	$1.13M	0.34%	new
Ann Taylor StoresAnn Taylor Stores	30,000	$1.09M	0.33%	+15,000	The CUSIP as filed is malformed.
MANDALAY DIGITAL GROUP INCMANDALAY DIGITAL GROUP INC	400,000	$1.06M	0.32%	new
SEARS HOMETOWN & OUTLET STORSEARS HOMETOWN & OUTLET STOR	33,000	$1.05M	0.32%	new
ORNORION GROUP HLDGS INC	99,800	$1.04M	0.31%	-50,200		Timeline
NBISNEBIUS GROUP N.V.	27,861	$1.01M	0.31%	0		Timeline
STLDSTEEL DYNAMICS INC	60,000	$1M	0.3%	+20,000		Timeline
WINDSTREAM CORPWINDSTREAM CORP	125,000	$1M	0.3%	0
INGRINGREDION INC	15,000	$993K	0.3%	0		Timeline
North Atlantic Drilling LtdNorth Atlantic Drilling Ltd	100,000	$969K	0.29%	new
INTEGRATED DEVICE TECHNOLOG…INTEGRATED DEVICE TECHNOLOGY INC	100,000	$942K	0.28%	+64,488
OCLARO INCOCLARO INC	527,155	$933K	0.28%	new
AZTAAZENTA INC	100,000	$931K	0.28%	0		Timeline
ATIATI INC	30,000	$916K	0.28%	new		Timeline
SPREADTRUM COMMUNICATIONS INSPREADTRUM COMMUNICATIONS IN	30,000	$914K	0.28%	-269,900
TOWERSTREAM CORPTOWERSTREAM CORP	318,400	$911K	0.27%	+18,400
TRAVELCENTERS OF AMERICA LLCTRAVELCENTERS OF AMERICA LLC	115,000	$903K	0.27%	0
BP Prudhoe Royalty TrustBP Prudhoe Royalty Trust	10,000	$867K	0.26%	0	The CUSIP as filed is malformed.
LTX-CREDENCE CORPLTX-CREDENCE CORP	130,000	$855K	0.26%	+40,000
Ocz Technology Group IncOcz Technology Group Inc	622,922	$810K	0.24%	new
SPANSION INCSPANSION INC	80,000	$807K	0.24%	+33,000
EMMIS COMMUNICATIONS CORPEMMIS COMMUNICATIONS CORP	300,000	$807K	0.24%	new
PEGAPEGASYSTEMS INC	20,000	$796K	0.24%	new		Timeline
LSCCLATTICE SEMICONDUCTOR CORP	175,000	$781K	0.24%	0		Timeline
ARKANSAS BEST CORP DELARKANSAS BEST CORP DEL	30,000	$770K	0.23%	new	The CUSIP as filed is malformed.
OVERLAND STORAGE INCOVERLAND STORAGE INC	773,733	$743K	0.22%	0
SCORPIO TANKERS INCSCORPIO TANKERS INC	75,000	$732K	0.22%	new
PERMA-FIX ENVIRONMENTAL SVCSPERMA-FIX ENVIRONMENTAL SVCS	1,000,000	$720K	0.22%	-127,751
EDGEN GROUP INCEDGEN GROUP INC	90,000	$684K	0.21%	new
S&W SEED COMPANY COMS&W SEED COMPANY COM	79,900	$669K	0.2%	-100
Jamba Inc.Jamba Inc.	50,000	$669K	0.2%	0
TEARLAB CORPTEARLAB CORP	60,000	$664K	0.2%	new
SANCHEZ ENERGY CORPSANCHEZ ENERGY CORP	25,000	$660K	0.2%	-25,000
SUNPOWER CORP ASUNPOWER CORP A	25,000	$654K	0.2%	new
RUCKUS WIRELESS INCRUCKUS WIRELESS INC	37,300	$628K	0.19%	new
Professional Diversity Netw…Professional Diversity Network	135,000	$621K	0.19%	0
TEEKAY TANKERS LTDTEEKAY TANKERS LTD	233,071	$611K	0.18%	0
INTERMOLECULAR INCINTERMOLECULAR INC	109,850	$605K	0.18%	-150
ACCURIDE CORP NEWACCURIDE CORP NEW	115,000	$591K	0.18%	new
UEICUNIVERSAL ELECTRS INC	15,000	$540K	0.16%	new		Timeline
MYRGMYR GROUP INC	20,000	$486K	0.15%	-14,975		Timeline
NEOPHOTONICS CORPNEOPHOTONICS CORP	65,000	$480K	0.14%	new
PANWPALO ALTO NETWORKS INC	10,000	$458K	0.14%	new		Timeline
BIOSCRIP INCBIOSCRIP INC	50,000	$439K	0.13%	0
WAVE SYSTEMS CORPWAVE SYSTEMS CORP	318,444	$411K	0.12%	-315,333
DiaDexus IncDiaDexus Inc	225,000	$410K	0.12%	new
NVMINOVA LTD	46,042	$408K	0.12%	0		Timeline
HIPCRICKET INC NEW COMHIPCRICKET INC NEW COM	885,000	$407K	0.12%	new
Altera Corp.Altera Corp.	10,000	$372K	0.11%	-25,000	The CUSIP as filed is malformed.
Rentech Nitrogen Partners, …Rentech Nitrogen Partners, LP	15,000	$368K	0.11%	0
Omnitek EngineeringOmnitek Engineering	125,000	$333K	0.1%	+53,500
IBMINTERNATIONAL BUSINESS MACHS	1,733	$321K	0.1%	0		Timeline
IDENTIVE GROUP INCIDENTIVE GROUP INC	438,230	$307K	0.09%	0
PLANET PAYMENT INCPLANET PAYMENT INC	105,000	$267K	0.08%	-20,000
Gevo IncGevo Inc	118,952	$228K	0.07%	0
Solar PowerSolar Power	1,188,494	$202K	0.06%	-355,406
RENTECH INC COMRENTECH INC COM	100,000	$198K	0.06%	0
BFC FinancialBFC Financial	70,000	$184K	0.06%	new	The CUSIP as filed is malformed.
DEMAND MEDIA INCDEMAND MEDIA INC	27,563	$174K	0.05%	0
LIGHTBRIDGE CORPLIGHTBRIDGE CORP	82,514	$148K	0.04%	0
GSE HOLDING INCGSE HOLDING INC	70,000	$146K	0.04%	-40,000
USA TECHNOLOGIES INCUSA TECHNOLOGIES INC	90,000	$145K	0.04%	-123,100
COVISINT CORPCOVISINT CORP	10,000	$128K	0.04%	new
QUICKLOGIC CORPQUICKLOGIC CORP	45,000	$118K	0.04%	new
PCYOPURE CYCLE CORP	10,900	$50K	0.02%	new		Timeline
OnSite Energy Corp.OnSite Energy Corp.	960,584	$14K	<0.01%	0
EMAK Holdings incEMAK Holdings inc	830,686	$8K	<0.01%	0

Sold out in Q3 2013

Positions in the previous quarter's report that this quarter's report no longer lists.

Security	Shares before	Value before	Type
HERTZ GLOBAL HLDGS INC NHERTZ GLOBAL HLDGS INC N	200,000	$4.96M	shares
LINEAR TECHNOLOGY CORPLINEAR TECHNOLOGY CORP	95,000	$3.5M	shares
MXMAGNACHIP SEMICONDUCTOR CORP	177,500	$3.24M	shares
MUMICRON TECHNOLOGY INC	150,000	$2.15M	shares
RDA MICROELECTRONICS INCRDA MICROELECTRONICS INC	170,875	$1.89M	shares
SILICON IMAGE INCSILICON IMAGE INC	300,000	$1.75M	shares
ANADARKO PETE CORPANADARKO PETE CORP	20,000	$1.72M	shares
Atmel Corp.Atmel Corp.	225,000	$1.65M	shares
MSTRSTRATEGY INC	16,500	$1.44M	shares
CYPRESS SEMICONDUCTOR CORPCYPRESS SEMICONDUCTOR CORP	120,000	$1.29M	shares
American AirlinesAmerican Airlines	300,000	$1.21M	shares
Adept TechAdept Tech	289,439	$1.13M	shares
MICROSEMI CORPMICROSEMI CORP	44,800	$1.02M	shares
RIVERBED TECHNOLOGY INCRIVERBED TECHNOLOGY INC	65,000	$1.01M	shares
Community Bankers TrustCommunity Bankers Trust	250,000	$905K	shares
ZCO Liquidating CorpZCO Liquidating Corp	622,922	$903K	shares
HAWAIIAN HOLDINGS INCHAWAIIAN HOLDINGS INC	140,000	$855K	shares
ENSCO INTERNATIONAL INCENSCO INTERNATIONAL INC	12,827	$746K	shares
QCOMQUALCOMM INC	12,000	$733K	shares
SOUTHWESTERN ENERGY COSOUTHWESTERN ENERGY CO	20,000	$731K	shares
COWEN GROUP INC-CLASS ACOWEN GROUP INC-CLASS A	250,000	$725K	shares
Oclaro IncOclaro Inc	527,155	$622K	shares
SPARK NETWORKS INCSPARK NETWORKS INC	47,900	$405K	shares
ECOTALITY INCECOTALITY INC	233,000	$361K	shares
GLDDGREAT LAKES DREDGE & DOCK CO	45,000	$352K	shares
FFIVF5 INC	5,000	$344K	shares
PACIFIC SUNWEAR OF CALIFPACIFIC SUNWEAR OF CALIF	60,000	$219K	shares
AXTIAXT INC	80,000	$216K	shares
KIOR INC - CL AKIOR INC - CL A	34,049	$194K	shares
ZYNGA INC.ZYNGA INC.	50,000	$139K	shares
Trunkbow Intl HoldingsTrunkbow Intl Holdings	50,000	$44K	shares
FALCONSTOR SOFTWARE INCFALCONSTOR SOFTWARE INC	15,000	$21K	shares

How Q3 2013 was built

Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).

Filing	Role	Amendment	Filed	Accepted	Ingested
13F-HR 0000909450-13-000032	base		2013-11-14	acceptance time not in the bulk data set	2026-10-07 20:02:22 UTC