13F-HR 1 hbcm4q04.txt BRICOLEUR CAPITAL MANAGEMENT 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, 2004 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: Bricoleur Capital Management, LLC Address: 12230 El Camino Real, Suite 100 San Diego, CA 92130 13F File Number: 28-06930 The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, 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: Christopher P. Nero Title: Administratior Phone: 800.750.5354 Signature, Place, and Date of Signing: /s/ Christopher P. Nero San Diego, CA January 10, 2005 Report Type (Check only one.): [ X] 13F HOLDINGS REPORT. [ ] 13F NOTICE. [ ] 13F COMBINATION REPORT. FORM 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 0 Form13F Information Table Entry Total: 117 Form13F Information Table Value Total: $597,829 (thousands) List of Other Included Managers: Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional managers with respect to which this report is filed, other than the manager filing this report. NONE FORM 13F INFORMATION TABLE VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- ALBANY INTL CORP CL A 012348108 6290 178907 SH SOLE 178907 0 0 ALERIS INTL INC COM 014477103 2774 163949 SH SOLE 163949 0 0 ALKERMES INC COM 01642T108 7523 533900 SH SOLE 533900 0 0 ALLIANCE SEMICONDUCTOR CORP COM 01877H100 199 53698 SH SOLE 53698 0 0 ALLIED DEFENSE GROUP INC COM 019118108 3338 150000 SH SOLE 150000 0 0 AMAZON COM INC COM 023135106 3406 76900 SH SOLE 76900 0 0 AMAZON COM INC COM 023135106 29 10000 SH CALL SOLE 0 0 0 ANNTAYLOR STORES CORP COM 036115103 838 38900 SH SOLE 38900 0 0 APPLIED SIGNAL TECHNOLOGY IN COM 038237103 1434 40692 SH SOLE 40692 0 0 BARNES & NOBLE INC COM 067774109 8402 260375 SH SOLE 260375 0 0 BIOMET INC COM 090613100 586 13500 SH SOLE 13500 0 0 BIOMET INC COM 090613100 548 70000 SH PUT SOLE 0 0 0 BIOSPHERE MEDICAL INC COM 09066V103 39 10100 SH SOLE 10100 0 0 BOEING CO COM 097023105 11 26500 SH PUT SOLE 0 0 0 BUNGE LIMITED COM G16962105 1 65100 SH PUT SOLE 0 0 0 CALIFORNIA MICRO DEVICES COR COM 130439102 1573 221878 SH SOLE 221878 0 0 CARMIKE CINEMAS INC COM 143436400 1150 31500 SH SOLE 31500 0 0 CBRL GROUP INC COM 12489V106 5800 138600 SH SOLE 138600 0 0 CENTRA SOFTWARE INC COM 15234X103 4015 1715984 SH SOLE 1715984 0 0 CHARLOTTE RUSSE HLDG INC COM 161048103 423 41892 SH SOLE 41892 0 0 CHROMCRAFT REVINGTON INC COM 171117104 1542 125400 SH SOLE 125400 0 0 CISCO SYS INC COM 17275R102 773 40000 SH SOLE 40000 0 0 CITIGROUP INC COM 172967101 0 10000 SH CALL SOLE 0 0 0 CONMED CORP COM 207410101 2048 72068 SH SOLE 72068 0 0 CORINTHIAN COLLEGES INC COM 218868107 1422 75470 SH SOLE 75470 0 0 CROSSROADS SYS INC COM 22765D100 693 471681 SH SOLE 471681 0 0 D R HORTON INC COM 23331A109 1137 195300 SH PUT SOLE 0 0 0 DARDEN RESTAURANTS INC COM 237194105 6 15000 SH PUT SOLE 0 0 0 DIEDRICH COFFEE INC COM NEW 253675201 701 118721 SH SOLE 118721 0 0 DIRECT GEN CORP COM 25456W204 1113 34670 SH SOLE 34670 0 0 EDGEWATER TECHNOLOGY INC COM 280358102 4825 984714 SH SOLE 984714 0 0 ENDOLOGIX INC COM 29266S106 828 120934 SH SOLE 120934 0 0 FEDERAL NATL MTG ASSN COM 313586109 245 3000 SH SOLE 3000 0 0 FEDERAL NATL MTG ASSN COM 313586109 0 10000 SH CALL SOLE 0 0 0 FEDERAL NATL MTG ASSN COM 313586109 4 12000 SH PUT SOLE 0 0 0 FPIC INS GROUP INC COM 302563101 20741 586238 SH SOLE 586238 0 0 FREESCALE SEMICONDUCTOR INC COM CL A 35687M107 10391 583100 SH SOLE 583100 0 0 GILEAD SCIENCES INC COM 375558103 9907 283141 SH SOLE 283141 0 0 GILEAD SCIENCES INC COM 375558103 126 10000 SH PUT SOLE 0 0 0 GRANT PRIDECO INC COM 38821G101 3280 163600 SH SOLE 163600 0 0 GULFMARK OFFSHORE INC COM 402629109 445 20000 SH SOLE 20000 0 0 HEALTH NET INC COM 42222G108 1458 50500 SH SOLE 50500 0 0 HIRSCH INTL CORP CL A 433550100 165 129588 SH SOLE 129588 0 0 HORNBECK OFFSHORE SVCS INC N COM 440543106 770 39900 SH SOLE 39900 0 0 HOT TOPIC INC COM 441339108 41 10000 SH PUT SOLE 0 0 0 HOT TOPIC INC COM 441339108 801 46600 SH SOLE 46600 0 0 ICU MED INC COM 44930G107 787 28800 SH SOLE 28800 0 0 INFOCUS CORP COM 45665B106 10755 1174153 SH SOLE 1174153 0 0 INTEGRATED SILICON SOLUTION COM 45812P107 3622 441680 SH SOLE 441680 0 0 INTEL CORP COM 458140100 9 18400 SH CALL SOLE 0 0 0 INTERNET SEC SYS INC COM 46060X107 536 23067 SH SOLE 23067 0 0 INVERNESS MED INNOVATIONS IN COM 46126P106 3389 135000 SH SOLE 135000 0 0 JETBLUE AWYS CORP COM 477143101 0 10000 SH CALL SOLE 0 0 0 JETBLUE AWYS CORP COM 477143101 219 10000 SH PUT SOLE 0 0 0 JOURNAL REGISTER CO COM 481138105 3096 160180 SH SOLE 160180 0 0 KEITH COMPANIES INC COM 487539108 1141 65615 SH SOLE 65615 0 0 LANDSTAR SYS INC COM 515098101 1112 15100 SH SOLE 15100 0 0 LEHMAN BROS HLDGS INC COM 524908100 2 61000 SH CALL SOLE 0 0 0 LENNAR CORP CL A 526057104 504 8900 SH SOLE 8900 0 0 LENNAR CORP CL A 526057104 645 76800 SH PUT SOLE 0 0 0 LYON WILLIAM HOMES COM 552074106 62496 889745 SH SOLE 889745 0 0 M D C HLDGS INC COM 552676108 631 7300 SH SOLE 7300 0 0 MARTIN MARIETTA MATLS INC COM 573284106 193 64500 SH PUT SOLE 0 0 0 MCDERMOTT INTL INC COM 580037109 10238 557600 SH SOLE 557600 0 0 MCDERMOTT INTL INC COM 580037109 305 113400 SH CALL SOLE 0 0 0 MCMORAN EXPLORATION CO COM 582411104 173 60000 SH CALL SOLE 0 0 0 MEDIMMUNE INC COM 584699102 11166 411863 SH SOLE 411863 0 0 MERIDIAN BIOSCIENCE INC COM 589584101 260 14800 SH SOLE 14800 0 0 MERIX CORP COM 590049102 8746 759236 SH SOLE 759236 0 0 MESA AIR GROUP INC COM 590479101 13040 1642330 SH SOLE 1642330 0 0 METRIS COS INC COM 591598107 876 68674 SH SOLE 68674 0 0 MOVADO GROUP INC COM 624580106 21500 1152802 SH SOLE 1152802 0 0 NASDAQ 100 TR UNIT SER 1 631100104 435 10900 SH SOLE 10900 0 0 NATCO GROUP INC CL A 63227W203 220 24957 SH SOLE 24957 0 0 NETWORK APPLIANCE INC COM 64120L104 402 12100 SH SOLE 12100 0 0 NORTEM N V SHS N64513109 4661 1008953 SH SOLE 1008953 0 0 NOVAGOLD RES INC COM NEW 66987E206 2098 269675 SH SOLE 269675 0 0 NVR INC COM 62944T105 1154 1500 SH SOLE 1500 0 0 O CHARLEYS INC COM 670823103 10337 528725 SH SOLE 528725 0 0 OPTIBASE LTD ORD M7524R108 4213 717641 SH SOLE 717641 0 0 ORTHOLOGIC CORP COM 68750J107 20154 3224681 SH SOLE 3224681 0 0 PACKAGING DYNAMICS CORP COM 695160101 9839 683285 SH SOLE 683285 0 0 PARADYNE NETWORKS INC COM 69911G107 36884 10274089 SH SOLE 10274089 0 0 PATTERSON COMPANIES INC COM 703395103 21 20500 SH CALL SOLE 0 0 0 PATTERSON COMPANIES INC COM 703395103 79 76000 SH PUT SOLE 0 0 0 PC-TEL INC COM 69325Q105 1779 224350 SH SOLE 224350 0 0 PETMED EXPRESS INC COM 716382106 6386 839112 SH SOLE 839112 0 0 PETROKAZAKHSTAN INC COM 71649P102 194 70000 SH CALL SOLE 0 0 0 PFIZER INC COM 717081103 2 98900 SH CALL SOLE 0 0 0 PRIDE INTL INC DEL COM 74153Q102 8 28800 SH PUT SOLE 0 0 0 PROVIDENCE SVC CORP COM 743815102 10549 502834 SH SOLE 502834 0 0 REPUBLIC AWYS HLDGS INC COM 760276105 16012 1206629 SH SOLE 1206629 0 0 SCHEIN HENRY INC COM 806407102 1 10000 SH CALL SOLE 0 0 0 SEAGATE TECHNOLOGY SHS G7945J104 831 48100 SH SOLE 48100 0 0 SEMICONDUCTOR HLDRS TR DEP RCPT 816636203 1432 740200 SH PUT SOLE 0 0 0 SPX CORP COM 784635104 809 20200 SH SOLE 20200 0 0 STANDARD PAC CORP NEW COM 85375C101 3 10000 SH CALL SOLE 0 0 0 STARBUCKS CORP COM 855244109 74 30000 SH PUT SOLE 0 0 0 STARWOOD HOTELS&RESORTS WRLD PAIRED CTF 85590A203 24 27400 SH PUT SOLE 0 0 0 STEPAN CO COM 858586100 2385 97900 SH SOLE 97900 0 0 SUNTERRA CORP COM NEW 86787D208 2346 167063 SH SOLE 167063 0 0 SUPERIOR ENERGY SVCS INC COM 868157108 10702 694500 SH SOLE 694500 0 0 SWIFT TRANSN CO COM 870756103 7 17900 SH CALL SOLE 0 0 0 SYCAMORE NETWORKS INC COM 871206108 1518 373805 SH SOLE 373805 0 0 TBC CORP NEW COM 872183108 11559 415800 SH SOLE 415800 0 0 TECHNICAL OLYMPIC USA INC COM 878483106 129287 5094045 SH SOLE 5094045 0 0 TEXAS ROADHOUSE INC CL A 882681109 3308 111929 SH SOLE 111929 0 0 TIDEWATER INC COM 886423102 7254 203700 SH SOLE 203700 0 0 TODCO CL A 88889T107 4331 235100 SH SOLE 235100 0 0 VALEANT PHARMACEUTICALS INTL COM 91911X104 9169 347966 SH SOLE 347966 0 0 VENDINGDATA CORPORATION COM NEW 92261Q202 723 328600 SH SOLE 328600 0 0 VERITY INC COM 92343C106 17050 1299561 SH SOLE 1299561 0 0 WALGREEN CO COM 931422109 126 29300 SH PUT SOLE 0 0 0 WHOLE FOODS MKT INC COM 966837106 1312 58600 SH PUT SOLE 0 0 0 WRIGLEY WM JR CO COM 982526105 33 10000 SH PUT SOLE 0 0 0 WYNN RESORTS LTD COM 983134107 127 38900 SH PUT SOLE 0 0 0 WYNN RESORTS LTD COM 983134107 709 10600 SH SOLE 10600 0 0