GRUBER & MCBAINE CAPITAL MANAGEMENT LLC

13F filer, CIK 909450, SAN FRANCISCO, CA

GRUBER & MCBAINE CAPITAL MANAGEMENT LLC reported $383,591,000 across 190 holdings for the quarter ended 2014-03-31, in a 13F-HR filed 2014-05-15. Its ten largest share positions make up 29.57% of the portfolio.

Filed 2014-05-15 (acceptance time not in the bulk data set), ingested 2026-10-07 19:42:28 UTC13F-HR 0000909450-14-000005

Period: 2014-03-31
Reported value: $384M
Holdings: 190
Top 10 weight: 29.57%
New: 61
Sold out: 37

Largest buys vs the previous quarter

Security	Shares change	Approx. value
B/E AEROSPACE INCnew	+49,925	$4.33M
AAPLnew	+8,000	$4.29M
ALCATEL-LUCENTnew	+1,000,000	$3.9M
ADA ES INCnew	+118,362	$2.9M
Caviumnew	+65,000	$2.84M

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
ALCATEL-LUCENT - SPONSORED …exited	-1,500,000	-$6.6M
APPLE INCexited	-10,500	-$5.89M
STKLreduced	-417,093	-$4.93M
HIMXreduced	-420,000	-$4.84M
Be Aerospace Incexited	-49,925	-$4.34M

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, Q1 2014

Share positions as resolved from 13F-HR 0000909450-14-000005, largest first. % of portfolio is the value over $383,593,000, the sum of the share positions whose value is usable for ratios (method).

Security	Shares	Value	% of portfolio	Change	Timeline
MDC PARTNERS INCMDC PARTNERS INC	1,510,532	$34.5M	8.99%	0
STKLSUNOPTA INC	2,000,000	$23.6M	6.16%	-417,093	Timeline
IMAGEWARE SYSTEMS INC COMIMAGEWARE SYSTEMS INC COM	5,863,548	$10.7M	2.79%	0
HIMXHIMAX TECHNOLOGIES INC	730,000	$8.41M	2.19%	-420,000	Timeline
Lihua International Inc.Lihua International Inc.	1,571,570	$7.72M	2.01%	-10,000
PIONEER NATURAL RESOURCES COPIONEER NATURAL RESOURCES CO	34,500	$6.46M	1.68%	0
POWERSECURE INTERNATIONAL INPOWERSECURE INTERNATIONAL IN	274,300	$6.43M	1.68%	0
XILINX INCXILINX INC	100,000	$5.43M	1.41%	0
Willbros GroupWillbros Group	406,000	$5.12M	1.34%	0
NCI BUILDING SYSTEMS INCNCI BUILDING SYSTEMS INC	289,500	$5.05M	1.32%	-5,000
Move IncMove Inc	414,000	$4.79M	1.25%	0
LOGMEIN INCLOGMEIN INC	101,750	$4.57M	1.19%	-50
B/E AEROSPACE INCB/E AEROSPACE INC	49,925	$4.33M	1.13%	new
AAPLAPPLE INC	8,000	$4.29M	1.12%	new	Timeline
PRIMPRIMORIS SVCS CORP	135,000	$4.05M	1.06%	-65,000	Timeline
EOGEOG RES INC	20,326	$3.99M	1.04%	0	Timeline
ALCATEL-LUCENTALCATEL-LUCENT	1,000,000	$3.9M	1.02%	new
Liberty Global Series CLiberty Global Series C	95,592	$3.89M	1.01%	+47,796
FFIVF5 INC	35,000	$3.73M	0.97%	+5,000	Timeline
SIGASIGA TECHNOLOGIES INC	1,174,954	$3.64M	0.95%	0	Timeline
UBIQUITI NETWORKS INCUBIQUITI NETWORKS INC	80,000	$3.64M	0.95%	-40,000
FLRFLUOR CORP	45,000	$3.5M	0.91%	0	Timeline
DYDYCOM INDS INC	110,000	$3.48M	0.91%	+20,000	Timeline
MTZMASTEC INC	79,975	$3.47M	0.91%	+29,975	Timeline
Swift TransportationSwift Transportation	140,000	$3.46M	0.9%	+60,000
VYXNCR VOYIX CORPORATION	90,000	$3.29M	0.86%	0	Timeline
SHORETEL INCSHORETEL INC	375,000	$3.23M	0.84%	+25,000
SOUTHWESTERN ENERGY COSOUTHWESTERN ENERGY CO	70,000	$3.22M	0.84%	+10,000
ODYSSEY MARINE EXPLORATION IODYSSEY MARINE EXPLORATION I	1,340,526	$3.07M	0.8%	0
Procera Networks direct regProcera Networks direct reg	290,000	$3.01M	0.79%	0
CALXCALIX INC	354,900	$2.99M	0.78%	0	Timeline
HEADWATERS INCHEADWATERS INC	219,900	$2.9M	0.76%	0
ADA ES INCADA ES INC	118,362	$2.9M	0.76%	new
Broadcom IncBroadcom Inc	45,000	$2.9M	0.76%	0
DAKOTA PLAINSDAKOTA PLAINS	1,674,800	$2.9M	0.76%	+25,000
CaviumCavium	65,000	$2.84M	0.74%	new
INTERNATIONAL RECTIFIER CORPINTERNATIONAL RECTIFIER CORP	100,000	$2.74M	0.71%	0
LXULSB INDS INC	72,500	$2.71M	0.71%	-7,500	Timeline
U S G CORPU S G CORP	79,800	$2.61M	0.68%	0
EXTREXTREME NETWORKS INC	440,000	$2.55M	0.67%	-15,000	Timeline
Just Energy Income FundJust Energy Income Fund	314,000	$2.53M	0.66%	0
Bfc Financial Corp. Cl ABfc Financial Corp. Cl A	650,000	$2.43M	0.63%	new
FIVE STAR SENIOR LIVINGFIVE STAR SENIOR LIVING	481,500	$2.34M	0.61%	-8,500
CUI GLOBAL INCCUI GLOBAL INC	210,000	$2.31M	0.6%	-75,000
MCDMCDONALDS CORP	23,000	$2.25M	0.59%	0	Timeline
MEOHMETHANEX CORP	35,000	$2.24M	0.58%	0	Timeline
INVENSENSE INCINVENSENSE INC	94,350	$2.23M	0.58%	-25,650
CONNQCONNS INC	55,000	$2.14M	0.56%	-25,000	Timeline
VLOVALERO ENERGY CORP	40,000	$2.12M	0.55%	0	Timeline
RED HAT INCRED HAT INC	40,000	$2.12M	0.55%	new
UEICUNIVERSAL ELECTRS INC	55,000	$2.11M	0.55%	+25,000	Timeline
SIMOSILICON MOTION TECHNOLOGY CO	125,000	$2.1M	0.55%	+68,500	Timeline
SPANSION INCSPANSION INC	120,000	$2.09M	0.54%	+40,000
WEB.COM GROUP INCWEB.COM GROUP INC	60,000	$2.04M	0.53%	0
JA SOLAR HOLDINGS CO LTDJA SOLAR HOLDINGS CO LTD	200,000	$2.03M	0.53%	new
U S AIRWAYS GROUP INCU S AIRWAYS GROUP INC	55,290	$2.02M	0.53%	-44,710
AMDADVANCED MICRO DEVICES INC	500,000	$2M	0.52%	new	Timeline
CALLIDUS SOFTWARE INCCALLIDUS SOFTWARE INC	160,000	$2M	0.52%	0
SCORPIO TANKERS INCSCORPIO TANKERS INC	200,000	$1.99M	0.52%	+25,000
MANDALAY DIGITAL GROUP INCMANDALAY DIGITAL GROUP INC	500,000	$1.98M	0.51%	+48,000
AAOIAPPLIED OPTOELECTRONICS INC	80,000	$1.97M	0.51%	new	Timeline
AZNASTRAZENECA PLC-SPONS ADR	30,000	$1.95M	0.51%	new	Timeline
COMSTOCK RESOURCES INCCOMSTOCK RESOURCES INC	85,000	$1.94M	0.51%	new
FMCFMC CORP	25,000	$1.91M	0.5%	new	Timeline
MONTAGE TECHNOLOGY GROUP LTDMONTAGE TECHNOLOGY GROUP LTD	95,000	$1.9M	0.5%	+45,000
ATIATI INC	50,000	$1.88M	0.49%	0	Timeline
MATTSON TECHNOLOGY INCMATTSON TECHNOLOGY INC	800,000	$1.86M	0.48%	+78,700
TDCTERADATA CORP DEL	37,450	$1.84M	0.48%	0	Timeline
NORTHERN TIER ENERGY LPNORTHERN TIER ENERGY LP	70,000	$1.8M	0.47%	0
GILDGILEAD SCIENCES INC	25,000	$1.77M	0.46%	new	Timeline
LUVSOUTHWEST AIRLS CO	75,000	$1.77M	0.46%	new	Timeline
TSNTYSON FOODS INC	40,000	$1.76M	0.46%	0	Timeline
BROADSOFT INCBROADSOFT INC	64,800	$1.73M	0.45%	new
IRDMIRIDIUM COMMUNICATIONS INC	230,000	$1.73M	0.45%	-66,500	Timeline
TPCTUTOR PERINI CORP	60,000	$1.72M	0.45%	+14,500	Timeline
RUCKUS WIRELESS INCRUCKUS WIRELESS INC	140,000	$1.7M	0.44%	+80,000
LPXLOUISIANA PAC CORP	100,000	$1.69M	0.44%	0	Timeline
GNWGENWORTH FINL INC	95,000	$1.68M	0.44%	-104,900	Timeline
BROOKFIELD RESIDENTIAL PPTYSBROOKFIELD RESIDENTIAL PPTYS	79,982	$1.68M	0.44%	0
DEL FRISCOS RESTAURANT GROUPDEL FRISCOS RESTAURANT GROUP	60,000	$1.67M	0.44%	+35,000
DARDARLING INGREDIENTS INC	83,000	$1.66M	0.43%	0	Timeline
TBBKBANCORP INC DEL	86,000	$1.62M	0.42%	-11,000	Timeline
QUICKLOGIC CORPQUICKLOGIC CORP	310,000	$1.61M	0.42%	-90,000
Polo Ralph Lauren Cl APolo Ralph Lauren Cl A	10,000	$1.61M	0.42%	0
SONIC CORPSONIC CORP	70,000	$1.59M	0.42%	0
PLABPHOTRONICS INC	186,777	$1.59M	0.42%	0	Timeline
Emcore CorpEmcore Corp	315,000	$1.59M	0.41%	-10,000
CXCEMEX SAB DE CV	125,000	$1.58M	0.41%	new	Timeline
TRAVELCENTERS OF AMERICA LLCTRAVELCENTERS OF AMERICA LLC	191,000	$1.56M	0.41%	0
Points IntlPoints Intl	60,000	$1.53M	0.4%	0
SAIASAIA INC	40,000	$1.53M	0.4%	0	Timeline
Oclaro IncOclaro Inc	481,000	$1.49M	0.39%	new
ANDEANDERSONS INC	24,450	$1.45M	0.38%	new	Timeline
PETROQUEST ENERGY INCPETROQUEST ENERGY INC	250,000	$1.43M	0.37%	new
SEACHANGE INTL INCSEACHANGE INTL INC	135,000	$1.41M	0.37%	+55,000
AUDIENCE INCAUDIENCE INC	110,000	$1.38M	0.36%	+30,000
ARUBA NETWORKS INCARUBA NETWORKS INC	73,300	$1.37M	0.36%	new
LSCCLATTICE SEMICONDUCTOR CORP	175,000	$1.37M	0.36%	0	Timeline
CHKPCHECK POINT SOFTWARE TECH LT	20,000	$1.35M	0.35%	new	Timeline
ORNORION GROUP HLDGS INC	105,000	$1.32M	0.34%	+60,000	Timeline
FLOFLOWERS FOODS INC	60,000	$1.29M	0.34%	0	Timeline
BP PRUDHOE BAY RTY TRBP PRUDHOE BAY RTY TR	15,000	$1.27M	0.33%	new
CANCER GENETICS INC.CANCER GENETICS INC.	83,900	$1.27M	0.33%	0
MARVELL TECHNOLOGY GROUP LTDMARVELL TECHNOLOGY GROUP LTD	80,000	$1.26M	0.33%	new
JDS UNIPHASE CORPJDS UNIPHASE CORP	90,000	$1.26M	0.33%	new
CIENCIENA CORP	55,000	$1.25M	0.33%	+30,000	Timeline
WFCWELLS FARGO & CO	25,000	$1.24M	0.32%	0	Timeline
GOL LINHAS AEREAS INTLG S AGOL LINHAS AEREAS INTLG S A	250,000	$1.22M	0.32%	0
OSISOSI SYSTEMS INC	20,000	$1.2M	0.31%	-4,950	Timeline
Finisar CorpFinisar Corp	45,000	$1.19M	0.31%	new
RADISYS CORPRADISYS CORP	325,000	$1.17M	0.3%	new
LTX-CREDENCE CORPLTX-CREDENCE CORP	130,000	$1.16M	0.3%	0
BNOUNITED STS BRENT OIL FD LP	26,500	$1.14M	0.3%	0	Timeline
EMMIS COMMUNICATIONS CORPEMMIS COMMUNICATIONS CORP	350,000	$1.12M	0.29%	0
ARCTIC CAT INCARCTIC CAT INC	23,000	$1.1M	0.29%	new
PHARMATHENE INCPHARMATHENE INC	600,000	$1.1M	0.29%	0
PAGPENSKE AUTOMOTIVE GRP INC	25,000	$1.07M	0.28%	0	Timeline
TEEKAY TANKERS LTDTEEKAY TANKERS LTD	300,000	$1.06M	0.28%	0
VISNVISTANCE NETWORKS INC	41,500	$1.02M	0.27%	new	Timeline
INFOBLOX INCINFOBLOX INC	50,000	$1M	0.26%	-10,000
CMCSACOMCAST CORP NEW	20,000	$1M	0.26%	new	Timeline
KNIGHT TRANSN INCKNIGHT TRANSN INC	40,000	$925K	0.24%	new
STLDSTEEL DYNAMICS INC	50,000	$890K	0.23%	0	Timeline
EMULEX CORPEMULEX CORP	120,000	$887K	0.23%	-120,000
North Atlantic Drilling LtdNorth Atlantic Drilling Ltd	100,000	$884K	0.23%	0
AXCELIS TECHNOLOGIES INCAXCELIS TECHNOLOGIES INC	406,300	$874K	0.23%	new
Kofax LTDKofax LTD	100,000	$867K	0.23%	new
NUANCE COMMUNICATIONS INCNUANCE COMMUNICATIONS INC	50,000	$859K	0.22%	new
ORITANI FINANCIAL CORPORITANI FINANCIAL CORP	53,900	$852K	0.22%	new
NBISNEBIUS GROUP N.V.	27,861	$841K	0.22%	0	Timeline
SUNPOWER CORP ASUNPOWER CORP A	25,000	$807K	0.21%	new
Streamline Health SolutionsStreamline Health Solutions	158,400	$797K	0.21%	-100
NEOPHOTONICS CORPNEOPHOTONICS CORP	100,000	$793K	0.21%	+32,600
RF MICRODEVICES INCRF MICRODEVICES INC	100,000	$788K	0.21%	-125,000
LIGHTBRIDGE CORPLIGHTBRIDGE CORP	289,100	$778K	0.2%	-50,414
RMG Networks HldgsRMG Networks Hldgs	134,700	$760K	0.2%	0
OMNIVISION TECHNOLOGIES INCOMNIVISION TECHNOLOGIES INC	40,000	$708K	0.18%	new
SANCHEZ ENERGY CORPSANCHEZ ENERGY CORP	23,800	$705K	0.18%	+3,800
VSATVIASAT INC	10,000	$690K	0.18%	new	Timeline
NORTH VALLEY BANCORPNORTH VALLEY BANCORP	28,000	$677K	0.18%	new
NORTHSTAR RLTY FIN CORPNORTHSTAR RLTY FIN CORP	40,000	$646K	0.17%	0
Saexploration Holdings Inc.Saexploration Holdings Inc.	67,100	$629K	0.16%	+7,100
HERITAGE OAKS BANCORPHERITAGE OAKS BANCORP	77,500	$626K	0.16%	new
PERMA-FIX ENVIRONMENTAL SVCSPERMA-FIX ENVIRONMENTAL SVCS	125,000	$610K	0.16%	-34,860
TERTERADYNE INC	30,000	$597K	0.16%	new	Timeline
PINNACLE FOODS INC DELPINNACLE FOODS INC DEL	20,000	$597K	0.16%	new
S&W SEED COMPANY COMS&W SEED COMPANY COM	79,900	$592K	0.15%	0
NMIHNMI HLDGS INC	50,000	$586K	0.15%	new	Timeline
SILICON GRAPHICS INCSILICON GRAPHICS INC	45,000	$553K	0.14%	new
INFINERA CORPINFINERA CORP	60,000	$545K	0.14%	-85,000
ALTERA CORPALTERA CORP	15,000	$544K	0.14%	new
TEARLAB CORPTEARLAB CORP	80,000	$541K	0.14%	0
MRC GLOBAL INCMRC GLOBAL INC	20,000	$539K	0.14%	0
RALLY SOFTWARE DEV CORP COMRALLY SOFTWARE DEV CORP COM	40,000	$535K	0.14%	new
GPRKGEOPARK LTD	75,000	$530K	0.14%	new	Timeline
Weatherford International L…Weatherford International Ltd.	30,000	$521K	0.14%	new
HIPCRICKET INC NEW COMHIPCRICKET INC NEW COM	1,990,000	$517K	0.13%	-645,000
MXLMAXLINEAR INC	50,000	$474K	0.12%	0	Timeline
BLDRBUILDERS FIRSTSOURCE INC	50,000	$456K	0.12%	new	Timeline
FIESTA RESTAURANT GROUP INCFIESTA RESTAURANT GROUP INC	10,000	$456K	0.12%	0
JONESTOWN BK &TR CO PA COMJONESTOWN BK &TR CO PA COM	30,000	$454K	0.12%	new
Zagg, Inc.Zagg, Inc.	94,600	$437K	0.11%	0
GEOSGEOSPACE TECHNOLOGIES CORP	6,000	$397K	0.1%	0	Timeline
FRONTLINE LTDFRONTLINE LTD	100,000	$393K	0.1%	new
MELLANOX TECHNOLOGIES LTDMELLANOX TECHNOLOGIES LTD	10,000	$391K	0.1%	0
PEGAPEGASYSTEMS INC	11,000	$389K	0.1%	0	Timeline
IBMINTERNATIONAL BUSINESS MACHS	1,733	$334K	0.09%	0	Timeline
OVERLAND STORAGE INCOVERLAND STORAGE INC	411,176	$330K	0.09%	-158,824
BIOSCRIP INCBIOSCRIP INC	47,000	$328K	0.09%	-3,000
CSIQCANADIAN SOLAR INC	10,000	$320K	0.08%	new	Timeline
REALNETWORKS INCREALNETWORKS INC	38,953	$295K	0.08%	new
Rentech Nitrogen Partners, …Rentech Nitrogen Partners, LP	15,000	$279K	0.07%	0
Omnitek EngineeringOmnitek Engineering	125,000	$275K	0.07%	0
BOX SHIPS INCBOX SHIPS INC	110,000	$265K	0.07%	0
QUANTUM CORPQUANTUM CORP	200,000	$244K	0.06%	-40,000
BBVABANCO BILBAO VIZCAYA ARGENTA	20,000	$240K	0.06%	new	Timeline
ACCURIDE CORP NEWACCURIDE CORP NEW	50,000	$222K	0.06%	0
Solar PowerSolar Power	849,030	$221K	0.06%	0
DiaDexus IncDiaDexus Inc	225,000	$221K	0.06%	+20,000
WAVE SYSTEMS CORPWAVE SYSTEMS CORP	232,411	$211K	0.06%	0
KNIGHTSBRIDGE TANKERS LTDKNIGHTSBRIDGE TANKERS LTD	15,000	$203K	0.05%	new
Ampio PharmaceuticalsAmpio Pharmaceuticals	30,000	$191K	0.05%	new
RENTECH INC COMRENTECH INC COM	100,000	$190K	0.05%	0
ASPEN GROUP INCASPEN GROUP INC	975,000	$176K	0.05%	new
OVERSEAS SHIPHOLDING GROUPOVERSEAS SHIPHOLDING GROUP	30,000	$157K	0.04%	new
CVLGCOVENANT LOGISTICS GROUP INC	14,900	$150K	0.04%	new	Timeline
DEMAND MEDIA INCDEMAND MEDIA INC	27,563	$134K	0.03%	0
RVPRETRACTABLE TECHNOLOGIES INC	30,000	$114K	0.03%	new	Timeline
Socket CommunicationsSocket Communications	35,000	$32K	0.01%	new
EMAK Holdings incEMAK Holdings inc	681,036	$7K	<0.01%	0

Sold out in Q1 2014

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

Security	Shares before	Value before	Type
ALCATEL-LUCENT - SPONSORED …ALCATEL-LUCENT - SPONSORED ADR	1,500,000	$6.6M	shares
APPLE INCAPPLE INC	10,500	$5.89M	shares
Be Aerospace IncBe Aerospace Inc	49,925	$4.34M	shares
CLHCLEAN HARBORS INC	70,000	$4.2M	shares
SPRSPIRIT AEROSYSTEMS HLDGS INC	80,000	$2.73M	shares
Advanced Emissions Solution…Advanced Emissions Solutions Inc	49,181	$2.67M	shares
UALUNITED AIRLS HLDGS INC	69,100	$2.61M	shares
Altera Corp.Altera Corp.	80,000	$2.6M	shares
Aruba NetworksAruba Networks	135,000	$2.42M	shares
GPREGREEN PLAINS INC	111,660	$2.17M	shares
STRATASYS INCSTRATASYS INC	15,000	$2.02M	shares
ADVANCED MICRO DEVICES INCADVANCED MICRO DEVICES INC	500,000	$1.94M	shares
BFC FinancialBFC Financial	650,000	$1.88M	shares
ASTRAZENECA PLCASTRAZENECA PLC	30,000	$1.78M	shares
American Vanguard CorpAmerican Vanguard Corp	65,002	$1.58M	shares
MEIMETHODE ELECTRS INC	41,900	$1.43M	shares
Axcelis Technologies IncAxcelis Technologies Inc	575,000	$1.4M	shares
ADTRAN INCADTRAN INC	49,700	$1.34M	shares
BP Prudhoe Royalty TrustBP Prudhoe Royalty Trust	15,000	$1.19M	shares
SUNEDISON INCSUNEDISON INC	90,000	$1.18M	shares
FTNTFORTINET INC	60,000	$1.15M	shares
Ann Taylor StoresAnn Taylor Stores	30,000	$1.1M	shares
SYNASYNAPTICS INC	20,000	$1.04M	shares
OCLARO INCOCLARO INC	364,260	$907K	shares
E TRADE FINANCIAL CORPE TRADE FINANCIAL CORP	45,980	$903K	shares
ARCTIC CAT INC COMARCTIC CAT INC COM	14,600	$832K	shares
SanDisk CorporationSanDisk Corporation	11,010	$777K	shares
TOWERSTREAM CORPTOWERSTREAM CORP	230,000	$681K	shares
Jamba Inc.Jamba Inc.	50,000	$622K	shares
Professional Diversity Netw…Professional Diversity Network	135,000	$622K	shares
WNCWABASH NATL CORP	46,083	$569K	shares
INTERMOLECULAR INCINTERMOLECULAR INC	104,850	$516K	shares
BMC Stock Holdings IncBMC Stock Holdings Inc	25,000	$456K	shares
NVMINOVA LTD	46,042	$453K	shares
DHTDHT HOLDINGS INC	50,000	$342K	shares
IDENTIVE GROUP INCIDENTIVE GROUP INC	142,288	$82K	shares
PCYOPURE CYCLE CORP	10,900	$69K	shares

How Q1 2014 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 0000909450-14-000005	base		2014-05-15	acceptance time not in the bulk data set	2026-10-07 19:42:28 UTC