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: Hilspen Capital Management, LLC
Address: 330 Primrose Avenue, Suite 312
Burlingame, CA 94010
Form 13F File Number: 28-05291
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: Robert S. Duich
Title: Chief Operating Officer
Phone: 650-685-6470
Signature, Place and Date of Signing:
/s/ Robert S. Duich Burlingame, CA November 14, 2000
Robert S. Duich [City, State] [Date]
Report Type (Check only one.):
_X__ 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).)
List of Other Managers Reporting for this Manager:
None.
<PAGE>
Form 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: _______0___
Form 13F Information Table Entry Total: ______58___
Form 13F Information Table Value Total: __188,207___
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 AUTH
CLASS X1000 DISC MGR SOLE SHR NONE
<C> <C>
ALASKA AIR GROUP INC Common 011659109 1176 49000 Sole N/A Sole
ANALOG DEVICES INC Common 032654105 6935 84000 Sole N/A Sole
APPLIED MICRO CRCTS Common 03822w109 2071 10000 Sole N/A Sole
ARIBA INC Common 04033v104 2722 19000 Sole N/A Sole
AVX CORP NEW Common 002444107 1751 67200 Sole N/A Sole
BOOKHAM TECHNOLOGY PLC SPONSORED ADR Common 09856Q108 4288 100000 Sole N/A Sole
BROADCOM CORP Common 111320107 2438 10000 Sole N/A Sole
BROCADE COMMUNICATIONS SYS INC Common 111621108 1652 7000 Sole N/A Sole
CIENA CORP Common 171779101 1498 12200 Sole N/A Sole
CISCO SYSTEMS Common 17275r102 7984 144500 Sole N/A Sole
COMMERCE ONE INC Common 200693109 3140 40000 Sole N/A Sole
COMPAQ COMPUTER CORP Common 204493100 6305 228600 Sole N/A Sole
CORNING INC Common 219350105 2970 10000 Sole N/A Sole
CREE INC Common 225447101 4243 36500 Sole N/A Sole
CYPRESS SEMICONDUCTOR CORP Common 232806109 3857 92800 Sole N/A Sole
EMC CORP-MASS Common 268648102 1983 20000 Sole N/A Sole
EMULEX CORP CMN Common 292475209 1740 14200 Sole N/A Sole
EPOCH PHARMACEUTICALS INC Common 294273107 5850 606815 Sole N/A Sole
FDX CORP Common 31428x106 6647 149900 Sole N/A Sole
GATEWAY 2000 Common 367626108 2641 56500 Sole N/A Sole
GENELABS TECHNOLOGIES INC Common 368706107 3740 626600 Sole N/A Sole
I2 TECHNOLOGIES INC Common 465754109 2656 14200 Sole N/A Sole
INTERLINK ELECTRONICS Common 458751104 9434 486725 Sole N/A Sole
JDS UNIPHASE Common 46612j101 6865 72500 Sole N/A Sole
JUNIPER NETWORKS Common 48203r104 2365 10800 Sole N/A Sole
KANA COMMUNICATIONS INC Common 483600102 1113 50000 Sole N/A Sole
KEMET CORP Common 488360108 1658 60000 Sole N/A Sole
KLA-TENCOR CORP FORMERLY KLA INSTRUMENTS C Common 482480100 4568 110900 Sole N/A Sole
LSI LOGIC CORP Common 502161102 1863 63700 Sole N/A Sole
MARCHFIRST INC CMN Common 566244109 2588 165000 Sole N/A Sole
MCDATA CORP CMN CLASS B Common 580031102 3969 32300 Sole N/A Sole
MEMC ELECTRONIC MATERIALS INC Common 552715104 2365 183720 Sole N/A Sole
NETWORK APPLIANCE INC Common 64120L104 2548 20000 Sole N/A Sole
NORTEL NETWORKS CORP Common 656568102 6600 110800 Sole N/A Sole
NOVELLUS SYSTEMS Common 670008101 4717 101300 Sole N/A Sole
ONI SYS CORP Common 68273f103 3668 42500 Sole N/A Sole
PARAMETRIC TECHNOLOGY CORP Common 699173100 2728 249400 Sole N/A Sole
PEREGRINE SYSTEMS INC Common 71366Q101 1585 83700 Sole N/A Sole
PHOTON DYNAMICS INC Common 719364101 2080 55100 Sole N/A Sole
PMC-SIERRA INC Common 69344f106 5188 24100 Sole N/A Sole
PROTON ENERGY SYSTEM INC Common 74371k101 57 2000 Sole N/A Sole
Q MED INC Common 747914109 1132 143800 Sole N/A Sole
RAZORFISH INC Common 755236106 1240 120100 Sole N/A Sole
REDBACK NETWORK Common 757209101 2345 14300 Sole N/A Sole
SABA SOFTWARE INC CMN Common 784932105 50 1800 Sole N/A Sole
SCIENT CORP Common 80864h109 1216 58100 Sole N/A Sole
SCIENTIFIC ATLANTA INC Common 808655104 4002 62900 Sole N/A Sole
SOVEREIGN BANCORP INC Common 845905108 2775 300000 Sole N/A Sole
SPEEDFAM IPEC INC Common 847705100 1144 100000 Sole N/A Sole
SUN MICROSYSTEMS Common 866810104 8546 73200 Sole N/A Sole
THERMOGENESIS CORP NEW Common 883623209 1335 449700 Sole N/A Sole
UNITED PARCEL SERVICE, INC. CLASS B COMMON Common 911312106 6184 109700 Sole N/A Sole
VERISIGN INC Common 92343E102 2026 10000 Sole N/A Sole
VERTICALNET INC-PA Common 92532l107 3189 90800 Sole N/A Sole
VIANT CORPORATION COMMON STOCK Common 92553n107 382 65000 Sole N/A Sole
VIRATA CORP CMN Common 927646109 2519 38100 Sole N/A Sole
VISHAY INTERTECHNOLOGY Common 928298108 1630 53000 Sole N/A Sole
XILINX INCORPORATED Common 983919101 4247 49600 Sole N/A Sole
</TABLE>
ETR/5028/002/1122800
