UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: December 31, 1999
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: Gryphon Capital Management, LLC
Address: Four Maritime Plaza
San Francisco, CA 94111
Form 13F File Number: 28-____________
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: Joseph E. Sweeney III
Title: Manager
Phone: 415-274-6850
Signature, Place and Date of Signing:
/s/ Joseph E. Sweeney San Francisco, CA 2/11/00
Joseph E. Sweeney [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: ________51___
Form 13F Information Table Value Total: ___159,737___
List of Other Included Managers: None
<Page
<TABLE>
NAME OF ISSUER TITLE OF CUSIP VALUE SHARES INV. OTHER VOTING AUTH
CLASS X1000 DISC MGR SOLE SHR NONE
<C> <C>
Abitibi-Consolidated Inc Common 003924107 4,275 360,000 N/A Sole 360,000
Argosy Gaming Company Common 040228108 679 44,800 N/A Sole 44,800
Art Technology Group Inc Common 04289L107 11,211 87,500 N/A Sole 87,500
Barrett Resources Corp Common 068480201 824 28,000 N/A Sole 28,000
Bowater Inc. Common 102183100 2,173 40,000 N/A Sole 40,000
Burlington Resources Inc Common 122014103 1,984 60,000 N/A Sole 60,000
Callon Petroleum Corp. Common 13123X102 1,007 68,000 N/A Sole 68,000
Convergys Corp. Common 212485106 2,460 80,000 N/A Sole 80,000
Cunningham Graphics Int'l Common 231157108 3,536 253,700 N/A Sole 253,700
Danka Business Systems Common 236277109 13,560 1,068,760 N/A Sole 1,068,760
Diversinet Corp. Common 25536K204 110 5,000 N/A Sole 5,000
Echostar Communications Common 278762109 10,725 110,000 N/A Sole 110,000
eCollege.com Inc Common 27887E100 2,188 200,000 N/A Sole 200,000
Ensco International Inc Common 26874Q100 2,288 100,000 N/A Sole 100,000
Fibernet Telecom Group In Common 315653105 756 50,000 N/A Sole 50,000
Global Marine Inc Common 379352404 2,702 162,500 N/A Sole 162,500
Grey Wolf Inc Common 397888108 575 200,000 N/A Sole 200,000
Gulf Island Fabrication Common 402307102 656 70,000 N/A Sole 70,000
IKON Office Solutions Common 451713101 1,226 180,000 N/A Sole 180,000
Imanage Inc. Common 45245Y105 1,928 60,000 N/A Sole 60,000
Independent Energy Holding Common - ADR 45384X108 3,365 101,000 N/A Sole 101,000
Indus International Inc Common 45578L100 1,219 100,000 N/A Sole 100,000
Interactive Intelligence Common 45839M103 1,598 60,000 N/A Sole 60,000
Isle of Capris Casinos Common 464592104 1,319 100,000 N/A Sole 100,000
IT Group Inc Common 465266104 3,239 355,000 N/A Sole 355,000
IXL Enterprises Inc Common 450718101 3,219 58,000 N/A Sole 58,000
Litton Industries Inc Common 538021106 1,496 30,000 N/A Sole 30,000
Mead Corporation Common 582834107 4,344 100,000 N/A Sole 100,000
Media 100 Inc Common 58440W105 3,437 130,000 N/A Sole 130,000
Metron Technology N.V. Common N5665B105 2,570 160,000 N/A Sole 160,000
Mission Critical Software Common 605047109 6,496 92,800 N/A Sole 92,800
Nabors Industries Common 629568106 4,950 160,000 N/A Sole 160,000
Net Perceptions Inc Common 64107U101 7,258 172,800 N/A Sole 172,800
Oxford Health Plans Common 691471106 2,538 200,000 N/A Sole 200,000
Primetech Electronics Common - Canadia 741942106 639 44,000 N/A Sole 44,000
Radcom Ltd. Common M81865103 608 85,000 N/A Sole 85,000
Santa Fe International Co Common G7805C108 776 30,000 N/A Sole 30,000
Smith International Inc Common 832110100 2,981 60,000 N/A Sole 60,000
Sonicwall Inc Common 835470105 1,610 40,000 N/A Sole 40,000
Spanish Broadcasting Syst Common 846425882 2,013 50,000 N/A Sole 50,000
Storage Technology Corp Common 862111200 1,844 100,000 N/A Sole 100,000
Telespectrum Worldwide In Common 87951U109 6,697 939,900 N/A Sole 939,900
Trico Marine Services Inc Common 896106101 1,413 200,000 N/A Sole 200,000
UTI Energy Corp. Common 903387108 3,229 140,000 N/A Sole 140,000
VA Linux Systems Inc Common 91819B105 207 1,000 N/A Sole 1,000
Walker Interactive Common 931664106 313 50,000 N/A Sole 50,000
Weatherford Int'l. Common 947074100 6,989 175,000 N/A Sole 175,000
Williams Communications C Common 969455104 4,630 160,000 N/A Sole 160,000
WMS Industries Inc Common 929297109 12,600 960,000 N/A Sole 960,000
WTS/Cybersurf Common - Canadia 232942102 152 75,000 N/A Sole 75,000
WTS/Good Guys Inc Common 382091106 1,125 112,500 N/A Sole 112,500
</TABLE>
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