FORM 13F
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(SEC USE ONLY)
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Name of Reporting Manager:
HAMBRECHT & QUIST CAPITAL MANAGEMENT
Item 5:
Item 3: Item 4: Shares of
Item 1: Item 2: CUSIP Fair Market Principal
Name of Issuer Title of Class Number Value Amount
-------------- --------------- -------- ------------ -----------
Affymetrix Common 00826T108 2,781,250 100,000
Aradigm Common 038505103 2,012,500 350,000
ATS Medical Common 002083103 6,125,003 636,364
Biofield Common 090591207 325,143 878,766
Biofield (Restricted) Common 090591207 296,000 1,000,000
Bioject Medical Technologies Common 09059T206 2,603,125 238,000
Biopure Common 09065H915 2,259,744 169,746
BioTransplant Common 09066Y107 3,785,252 712,519
Biovail Common 09067K106 33,288,303 921,348
Calypte Biomedical Common 131722100 700,156 1,093,993
Catalytica Energy Systems Common 148884109 2,690,783 128,515
Celgene Common 151020104 17,250,000 690,000
Cor Therapeutics Common 217753102 6,750,000 300,000
Corixa Common 21887F100 3,131,680 391,460
Cubist Pharmaceuticals Common 229990981 23,471,123 958,005
Curis Common 231269101 1,261,592 340,685
CV Therapeutics Common 126667104 18,028,131 546,307
Cytyc Common 232946103 7,165,719 434,286
Digene Common 253752109 3,507,500 230,000
Dyax Common 26746E103 4,374,120 546,765
Emisphere Technologies Common 291345106 2,161,188 151,000
Endocardial Solutions (Restricted) Common 292962107 5,624,998 1,666,666
Envirogen Common 294040100 22,135 20,833
EP Med Systems Common 26881P103 2,418,750 1,075,000
Exelixis Common 30161Q104 1,946,000 224,000
Focal Common 343909107 169,985 271,977
Genzyme Common 372917104 17,388,525 192,500
Genzyme Biosurgery Common 372917708 635,508 115,547
Gilead Sciences Common 37555B103 23,182,835 356,659
IDEXX Laboratories Common 45168D104 5,484,375 250,000
ImClone Systems Common 45245W109 18,087,188 545,000
Interpore Cross Common 46062W107 1,579,106 377,100
KeraVision Common 648990992 11,340 206,185
Landec Common 514766104 1,908,534 526,492
Lynx Therapeutics Common 551812308 3,518,203 375,000
Martek Biosciences Common 572901106 12,093,473 780,224
MedImmune Common 584699102 11,838,750 330,000
Molecular Devices Common 60851C107 13,229,945 290,768
Orthovita (Restricted) Common 68750U102 10,040,710 1,700,000
Quintiles Transnational Common 748767100 2,885,988 152,900
Radiance Medical Systems Common 750241101 1,185,938 330,000
Scios Common 808905103 12,822,500 557,500
Sepracor Common 817315104 11,428,416 357,138
Telik Common 87959M109 3,458,324 666,666
Teva Pharmaceutical Industries Common 881624209 5,462,500 100,000
Transkaryotic Therapies Common 893735100 6,718,534 382,050
Tularik Common 899165104 7,702,695 405,405
Verdant Brands Common 923366108 950 38,000
Versicor Common 925314106 6,046,875 750,000
Versicor (Restricted) Common 925314106 1,795,573 296,941
COLUMN TOTALS 332,656,965
Item 6:
Investment Discretion
---------------------------------------- Item 8:
(b) Shared- Item 7: Voting Authority (Shares)
(a) Sole As Defined (c) Shared- Managers ---------------------------------
in Instr. V Other See Instr. V (a) Sole (b) Shared (c) None
---------- ------------- ------------ ------------- --------- ---------- ---------
Affymetrix X NA X
Aradigm X NA X
ATS Medical X NA X
Biofield X NA X
Biofield (Restricted) X NA X
Bioject Medical Technologies X NA X
Biopure X NA X
BioTransplant X NA X
Biovail X NA X
Calypte Biomedical X NA X
Catalytica Energy Systems X NA X
Celgene X NA X
Cor Therapeutics X NA X
Corixa X NA X
Cubist Pharmaceuticals X NA X
Curis X NA X
CV Therapeutics X NA X
Cytyc X NA X
Digene X NA X
Dyax X NA X
Emisphere Technologies X NA X
Endocardial Solutions (Restricted) X NA X
Envirogen X NA X
EP Med Systems X NA X
Exelixis X NA X
Focal X NA X
Genzyme X NA X
Genzyme Biosurgery X NA X
Gilead Sciences X NA X
IDEXX Laboratories X NA X
ImClone Systems X NA X
Interpore Cross X NA X
KeraVision X NA X
Landec X NA X
Lynx Therapeutics X NA X
Martek Biosciences X NA X
MedImmune X NA X
Molecular Devices X NA X
Orthovita (Restricted) X NA X
Quintiles Transnational X NA X
Radiance Medical Systems X NA X
Scios X NA X
Sepracor X NA X
Telik X NA X
Teva Pharmaceutical Industries X NA X
Transkaryotic Therapies X NA X
Tularik X NA X
Verdant Brands X NA X
Versicor X NA X
Versicor (Restricted) X NA X
COLUMN TOTALS