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, 2000
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: Willow Creek Capital Management
Address: 17 E. Sir. Francis Drake Blvd., Suite 100
Larkspur, CA 94999
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: Aaron H. Braun
Title: President
Phone: 415-464-8100
Signature, Place and Date of Signing:
Aaron H. Braun Larkspur, CA 11-14-2000
[Signature] [City, State] [Date]
Report Type (Check only one.):
XXX 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).)
<PAGE>
Form 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
Form 13F Information Table Entry Total: 94
Form 13F Information Table Value Total: 181,955,413
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.
NONE
<Page
<TABLE>
NAME OF ISSUER TITLE OF CUSIP VALUE SHARES INV. OTHER VOTING AUTH
CLASS X1000 DISC MGR SOLE SHR NONE
<C> <C>
ACACIA RESH CORP COMMON 003881109 334,800 9,600 N X 016 9,600
ALDILA INC COMMON 014384101 1,214,063 525,000 N X 016 525,000
AMERISOURCE HEALTH CORP-CL COMMON 03071P102 6,960,700 148,100 N X 016 148,100
BARRA INC COMMON 068313105 6,206,250 100,000 N X 016 100,000
BAYCORP HLDGS CORP COMMON 072728108 798,675 92,600 N X 016 92,600
CADIZ INC COMMON 127537108 4,111,000 411,100 N X 016 411,100
CALLAWAY GOLF CO COMMON 131193104 762,600 49,600 N X 016 49,600
CARE GUIDE INC CONVERTIBLE COMMON CAREGUIDE 150,000 100,000 N X 016 100,000
CENTRAL GARDEN & PET CO COMMON 153527106 4,415,719 636,500 N X 016 636,500
CHESAPEAKE ENERGY CORP COMMON 165167107 1,078,125 150,000 N X 016 150,000
CIRRUS LOGIC INC COMMON 172755100 2,418,750 60,000 N X 016 60,000
COGNITRONICS CORP COMMON 192432102 1,631,625 142,500 N X 016 142,500
CONSOLIDATED FREIGHTWAYS C COMMON 209232107 1,125,000 225,000 N X 016 225,000
CONSTELLATION ENERGY GROUP COMMON 210371100 2,487,500 50,000 N X 016 50,000
COUNTRYWIDE CREDIT INDS IN COMMON 222372104 4,496,025 119,100 N X 016 119,100
CYPRESS SEMICONDUCTOR CORP COMMON 232806109 2,473,800 59,520 N X 016 59,520
DAVITA INC COMMON 23918K108 4,050,750 540,100 N X 016 540,100
DIGITAL CREATIVE DEVELOPME COMMON 9389735 500,000 500,000 N X 016 500,000
DIGITAL CREATIVE DEVELOPME COMMON 25384B108 40,950 27,300 N X 016 27,300
DIGITAS INC COMMON 25388K104 440,200 24,800 N X 016 24,800
eNGELHARD CORP COMMON 292845104 804,375 49,500 N X 016 49,500
EVERCEL INC PRIVATE PLACEM COMMON EVERCELPP 500,000 20,000 N X 016 20,000
EVERCEL INC WARRANTS COMMON 9386746 2 20,000 N X 016 20,000
FINISH LINE INC-CL A COMMON 317923100 2,295,394 313,900 N X 016 313,900
FOUNDATION HEALTH SYSTEMS COMMON 350404109 3,871,963 232,900 N X 016 232,900
GASONICS INTERNATIONAL COR COMMON 367278108 857,500 70,000 N X 016 70,000
GLOBAL CAREGUIDE INC RSTD COMMON 9389659 1,200 12,000 N X 016 12,000
GLOBAL CAREGUIDE INC RSTD COMMON GLOCAREPP 50,195 50,000 N X 016 50,000
GOLDEN ST VINTNERS INC COMMON 38121K208 687,500 100,000 N X 016 100,000
HEALTHSOUTH CORP COMMON 421924101 1,811,063 222,900 N X 016 222,900
HMT TECHNOLOGY CORP COMMON 403917107 2,775,000 800,000 N X 016 800,000
HOLLYWOOD ENTERTAINMENT CO COMMON 436141105 2,394,875 322,000 N X 016 322,000
HUGOTON RTY TR COMMON 444717102 778,100 49,600 N X 016 49,600
IGEN INC COMMON 449536101 978,075 48,600 N X 016 48,600
IGUANA INTERACTIVE PRIV PL COMMON IGUANAPP 99,999 462,500 N X 016 462,500
IGUANA INTERACTIVE WARRANT COMMON IGUANAWTS 300 3,000,000 N X 016 3,000,000
INSURANCE AUTO AUCTIONS IN COMMON 457875102 3,033,538 187,400 N X 016 187,400
INTERLINK ELECTRONICS COMMON 458751104 203,438 10,500 N X 016 10,500
INTL GAME TECHNOLOGY COMMON 459902102 4,035,000 120,000 N X 016 120,000
INVERNESS MED TECHNOLOGY I COMMON 461268104 3,609,375 187,500 N X 016 187,500
INVIVO CORP COMMON 461858102 3,672,000 345,600 N X 016 345,600
JOHNS MANVILLE CORP NEW COMMON 478129109 2,183,313 193,000 N X 016 193,000
JUMP MUSIC COMMON 8855322 86,956 43,478 N X 016 43,478
KAISER VENTURES INC COMMON 483100103 7,271,450 632,300 N X 016 632,300
LASER-PACIFIC MEDIA CORP COMMON 517923108 1,048,445 414,200 N X 016 414,200
MAGNA ENTMT CORP COMMON 559211107 461,700 68,400 N X 016 68,400
MANUFACTURERS SERVICES LTD COMMON 565005105 1,187,500 100,000 N X 016 100,000
MATRIA HEALTHCARE, INC. COMMON 576817100 1,475,250 421,500 N X 016 421,500
MAXTOR CORP COMMON 577729205 1,570,800 149,600 N X 016 149,600
MKS INSTRUMENT INC COMMON 55306N104 867,788 31,700 N X 016 31,700
MONARCH CASINO & RESORT IN COMMON 609027107 2,136,094 367,500 N X 016 367,500
NATIONAL REGISTRY INC WTS COMMON NRIDWTS 50,000 50,000 N X 016 50,000
NAUTICA ENTERPRISES INC COMMON 639089101 7,997,963 618,200 N X 016 618,200
NEXMED INC COMMON 652903105 4,123,213 210,100 N X 016 210,100
ORATEC INTERVNETIONS INC D COMMON 68554M108 735,000 60,000 N X 016 60,000
OWENS ILLINOIS INC NEW COMMON 690768403 1,036,000 112,000 N X 016 112,000
OXFORD INDS INC COMMON 691497309 1,653,438 92,500 N X 016 92,500
P.A.M TRANSPORTATION SERVI COMMON 693149106 3,249,158 346,000 N X 016 346,000
PACIFIC SUNWEAR OF CALIFOR COMMON 694873100 1,858,125 99,100 N X 016 99,100
PACKAGED ICE INC COMMON 695148106 563,475 204,900 N X 016 204,900
PENN OCTANE CORP COMMON 707573101 756,881 109,100 N X 016 109,100
PER-SE TECHNOLOGIES INC COMMON 713569309 2,467,719 194,500 N X 016 194,500
PETPLANET.COM INC WARRANTS COMMON PETPLWTS 300,000 250,000 N X 016 250,000
PHARMCHEM LABORATORIES INC COMMON 717133102 2,027,200 579,200 N X 016 579,200
PITTSTON BRINKS GROUP COMMON 725701106 2,631,900 169,800 N X 016 169,800
PLAYTEX PRODUCTS INC COMMON 72813P100 3,510,675 297,200 N X 016 297,200
POLO RALPH LAUREN CORP-CL COMMON 731572103 3,084,713 191,300 N X 016 191,300
PRICE COMMUNICATIONS CORP COMMON 741437305 870,531 44,500 N X 016 44,500
QUANTUM CORP COMMON 747906303 2,216,063 223,000 N X 016 223,000
RADMEDIA INC COMMON 999RADMED 8,750 35,000 N X 016 35,000
RAWLINGS SPORTING GOODS CO COMMON 754459105 581,250 100,000 N X 016 100,000
READ RITE CORP COMMON 755246105 6,243,750 555,000 N X 016 555,000
RELM WIRELESS CORP COMMON 759525108 175,000 100,000 N X 016 100,000
RENTECH INC COMMON 760112102 186,974 99,100 N X 016 99,100
SAL BARKER INC RESTRICTED COMMON SALRSTD 300,000 600,000 N X 016 600,000
SANTA CRUZ OPERATION INC COMMON SCOCRSTD 1,175,000 400,000 N X 016 400,000
SAUCONY INC COMMON 804120202 489,494 54,200 N X 016 54,200
SOUTHERN CO COMMON 842587107 1,297,500 40,000 N X 016 40,000
SOUTHERN UNION CO NEW COMMON 844030106 1,178,448 59,480 N X 016 59,480
STEVENSON LLC NOTE CORP B STEVE98 300,000 300,000 N X 016 300,000
SUPERIOR ENERGY SVCS INC COMMON 868157108 315,000 30,000 N X 016 30,000
SYNOPSYS INC COMMON 871607107 1,874,813 49,500 N X 016 49,500
TIDEWATER INC COMMON 886423102 1,365,000 30,000 N X 016 30,000
US DOLLAR CURREN USD 19,541,546 19,541,546 N X 016 19,541,546
USDATA CORP COMMON 917294100 452,625 106,500 N X 016 106,500
USEC INC COMMON 90333E108 422,663 99,450 N X 016 99,450
VARIAN SEMICONDUCTOR EQUIP COMMON 922207105 928,450 24,800 N X 016 24,800
VIASYSTEMS GROUP INC COMMON 92553H100 1,700,000 100,000 N X 016 100,000
VION PHARMACEUTICALS INC COMMON 927624106 893,750 50,000 N X 016 50,000
VITAL SOUNDS INC RESTRICTE COMMON 9389316 3 25,000 N X 016 25,000
WESTERN GAS RESOURCES INC COMMON 958259103 1,491,219 59,500 N X 016 59,500
WICKES LUMBER CO COMMON 967446105 2,742,600 457,100 N X 016 457,100
WILSONS THE LEATHER EXPERT COMMON 972463103 2,714,794 150,300 N X 016 150,300
WTS SANTA CRUZ OPER INC. A COMMON 9387723 10 100,000 N X 016 100,000
</TABLE>
SM\4023\002\1122382.01
