UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: June 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: Gryphon Capital Management, LLC
Address: Four Maritime Plaza
San Francisco, CA 94111
Form 13F File Number: 28-05481
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 August 9, 2000
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: ________37___
Form 13F Information Table Value Total: ___148,165___
List of Other Included Managers: None
<Page
<TABLE>
NAME OF ISSUER TITLE OF CUSIP VALUE SHARES PUT OTHER AUTH
CLASS X1000 CALL MGR SOLE SHR NONE
<C> <C> <C>
Alcoa Inc Common 013817101 1450 50,000 N/A 50,000
American Superconductor Corp Common 030111108 724 15,000 N/A 15,000
Baker Hughes Inc. Common 057224107 6560 205,000 N/A 205,000
CE Franklin Ltd. Common 125151100 4314 580,000 N/A 580,000
Chesapeake Energy Corp Common 165167107 2325 300,000 N/A 300,000
Cooper Cameron Corp. Common 216640102 990 15,000 N/A 15,000
Dynatech Corporation Common 268140100 181 10,000 N/A 10,000
Global Marine Common 379352404 8738 310,000 N/A 310,000
Hanover Compressor Company Common 410768105 714 18,800 N/A 18,800
Independent Energy Holdings Common 45384X108 2494 300,000 N/A 300,000
Iona Technologies Common 46206P109 1260 20,000 N/A 20,000
Mandalay Resort Group Common 562567107 2968 148,400 N/A 148,400
Maverick Tube Corp. Common 577914104 5825 200,000 N/A 200,000
Media 100 Inc. Common 58440W105 3348 130,000 N/A 130,000
Metron Technology N.V. Common N5665B105 2900 230,000 N/A 230,000
MSI Holdings Common 553654104 196 21,661 N/A 21,661
Nabors Industries Inc. Common 629568106 14140 340,200 N/A 340,200
National-Oilwell, Inc. Common 637071101 5260 160,000 N/A 160,000
Noble Drilling Corp. Common 655042109 2471 60,000 N/A 60,000
Ocean Energy Inc. Common 67481E106 2838 200,000 N/A 200,000
Philip Morris Co. Inc. Common 718154107 2125 80,000 N/A 80,000
Pinnacle Global Group Inc. Common 723465100 51 12,700 N/A 12,700
Precision Dilling Corp. Common 74022D100 11588 300,000 N/A 300,000
R&B Falcon Corporation Common 74912E101 7776 330,000 N/A 330,000
Santa Fe International Corp. Common G7805C108 16770 480,000 N/A 480,000
Smith International Inc. Common 832110100 1092 15,000 N/A 15,000
Starwood Hotels & Resorts World Common 85590A203 4559 140,000 N/A 140,000
Superior Energy Services Inc. Common 868157108 519 50,000 N/A 50,000
Telespectrum Worldwide Inc. Common 87951U109 51991,139,600 N/A 1,139,600
Tesco Corp. Common 88157K101 2490 240,000 N/A 240,000
Verisign Inc. Common 92343E102 877 4,970 N/A 4,970
Veritas Software Co. Common 923436109 3390 30,000 N/A 30,000
Viasystems Group Inc Common 92553H100 2590 160,000 N/A 160,000
Vignette Corporation Common 926734104 1040 20,000 N/A 20,000
Voicestream Wireless Corp. Common 928615103 581 5,000 N/A 5,000
Wave Systems Corp. Common 943526103 1898 120,000 N/A 120,000
Weatherford International Inc. Common 947074100 15925 400,000 N/A 400,000
</TABLE>
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