FORM 13F
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(SEC USE ONLY)
Page of --------------------
Name of Reporting Manager: HAMBRECHT & QUIST CAPITAL MANAGEMENT
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Item 5:
Item 1: Item 2: Item 3: Item 4: Shares of
Name of Issuer Title of Class CUSIP Fair Market Principal
Number Value Amount
--------------------------------------------------------------------------------------------------------------
Affymetrix Common 00826T108 7,443,750 100,000
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Amgen Common 031162100 9,590,625 150,000
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Aradigm Common 038505103 5,118,750 350,000
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ATS Medical Common 002083103 9,028,414 636,364
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Biofield Common 090591207 246,054 878,766
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Biofield (restricted) Common 090591207 220,000 1,000,000
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Biopure Common 09065H915 3,394,920 169,746
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BioTransplant Common 09066Y107 6,190,008 712,519
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Biovail Common 09067K106 35,785,156 921,348
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Calypte Biomedical Common 131722100 1,145,273 1,093,993
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Catalytica Energy Systems Common 148884109 2,216,900 128,515
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Celgene Common 151020104 22,425,000 690,000
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Cor Therapeutics Common 217753102 10,556,250 300,000
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Corixa Common 21887F100 10,911,947 391,460
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Cubist Pharmaceuticals Common 229990981 27,782,145 958,005
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Curis Common 231269101 3,023,579 340,685
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CV Therapeutics Common 126667104 38,651,220 546,307
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Cytyc Common 232946103 18,441,047 294,762
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Digene Common 253752109 10,278,125 230,000
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Dyax (Restricted) Common 26746E103 8,863,060 546,765
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Emisphere Technologies Common 291345106 3,775,000 151,000
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Envirogen Common 294040100 20,833 20,833
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EP MedSystems Common 26899B914 2,351,562 1,075,000
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Exelixis (Restricted) Common 30161Q104 3,277,120 224,000
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Focal Common 343909107 305,974 271,977
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Gene Logic Common 368689105 4,134,375 225,000
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Genzyme Common 372917104 17,312,968 192,500
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Genzyme Biosurgery Common 372917708 1,700,291 195,717
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Gilead Sciences Common 37555B103 29,580,405 356,659
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IDEXX Laboratories Common 45168D104 5,500,000 250,000
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ImClone Systems Common 45245W109 23,980,000 545,000
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Interpore Cross Common 46062W107 1,496,250 380,000
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KeraVision Common 648990992 70,876 206,185
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Landec Common 514766104 1,480,758 526,492
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Lynx Therapeutics Common 551812308 3,375,000 375,000
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Martek Biosciences Common 572901106 9,557,744 780,224
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MedImmune Common 584699102 15,736,875 330,000
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Molecular Devices Common 60851C107 19,899,435 290,768
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Quintiles Transnational Common 748767100 3,201,343 152,900
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Radiance Medical Common 750241101 1,650,000 330,000
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Scios Common 808905103 12,404,375 557,500
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Sepracor Common 817315104 28,615,682 357,138
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Telik (Restricted) Common 87959M109 3,313,330 666,666
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Item 6:
Investment Discretion Item 8:
Item 1: ----------------------------------- Item 7: Voting Authority (Shares)
Name of Issuer (b) Shared- Managers --------------------------------------
(a) Sole As Defined (c) Shared- See Instr. V (a) Sole (b) Shared (c) None
in Instr. V Other
------------------------------------------------------------------------------------------------------------------------------------
Affymetrix X NA X
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Amgen X NA X
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Aradigm X NA X
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ATS Medical X NA X
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Biofield X NA X
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Biofield (restricted) X NA X
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Biopure X NA X
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BioTransplant X NA X
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Biovail X NA X
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Calypte Biomedical X NA X
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Catalytica Energy Systems X NA X
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Celgene X NA X
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Cor Therapeutics X NA X
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Corixa X NA X
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Cubist Pharmaceuticals X NA X
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Curis X NA X
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CV Therapeutics X NA X
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Cytyc X NA X
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Digene X NA X
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Dyax (Restricted) X NA X
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Emisphere Technologies X NA X
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Envirogen X NA X
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EP MedSystems X NA X
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Exelixis (Restricted) X NA X
------------------------------------------------------------------------------------------------------------------------------------
Focal X NA X
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Gene Logic X NA X
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Genzyme X NA X
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Genzyme Biosurgery X
------------------------------------------------------------------------------------------------------------------------------------
Gilead Sciences X NA X
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IDEXX Laboratories X NA X
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ImClone Systems X NA X
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Interpore Cross X NA X
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KeraVision X NA X
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Landec X NA X
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Lynx Therapeutics X NA X
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Martek Biosciences X NA X
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MedImmune X NA X
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Molecular Devices X NA X
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Quintiles Transnational X NA X
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Radiance Medical X
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Scios X NA X
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Sepracor X NA X
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Telik (Restricted) X NA X
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FORM 13F
---------------------
(SEC USE ONLY)
Page of --------------------
Name of Reporting Manager: HAMBRECHT & QUIST CAPITAL MANAGEMENT
--------------------------------------------------------------------------------------------------------------
Item 5:
Item 1: Item 2: Item 3: Item 4: Shares of
Name of Issuer Title of Class CUSIP Fair Market Principal
Number Value Amount
--------------------------------------------------------------------------------------------------------------
Teva Pharmaceutical Industries Common 881624209 7,325,000 100,000
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Transkaryotic Therapies Common 893735100 8,163,821 224,050
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Tularik Common 899165104 11,934,109 405,405
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Verdant Brands Common 923366108 2,470 38,000
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Versicor (Restricted) Common 925314106 6,773,708 1,046,941
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COLUMN TOTALS 458,251,527
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Item 6:
Investment Discretion Item 8:
Item 1: ----------------------------------- Item 7: Voting Authority (Shares)
Name of Issuer (b) Shared- Managers --------------------------------------
(a) Sole As Defined (c) Shared- See Instr. V (a) Sole (b) Shared (c) None
in Instr. V Other
------------------------------------------------------------------------------------------------------------------------------------
Teva Pharmaceutical Industries X NA X
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Transkaryotic Therapies X NA X
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Tularik X NA X
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Verdant Brands X NA X
------------------------------------------------------------------------------------------------------------------------------------
Versicor (Restricted) X NA X
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COLUMN TOTALS
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