UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
(Amendment No. 1)
Under the Securities Exchange Act of 1934
Acacia Research Corporation
(Name of Issuer)
Acacia Research - CombiMatrix stock, par value $0.001 per share
(Title of Class of Securities)
003881 20 8
(CUSIP Number)
December 31, 2003
(Date of Event which Requires
Filing of this Statement)
Check the appropriate box to designate the rule pursuant to
which this Schedule is filed:
[x] Rule 13d-1(b) For IA and Manager
[ ] Rule 13d-1(c) For Fund
[ ] Rule 13d-1(d)
*The remainder of this cover page shall be filled out or a
reporting person's initial filing on this form with respect to
the subject class of securities, and for any subsequent
amendment containing information which would alter the
disclosures provided in a prior cover page.
The information required in the remainder of this cover page
shall not be deemed to be "filed" for the purpose of Section 18
of the Securities Exchange Act of 1934 ("Act") or otherwise
subject to the liabilities of that section of the Act but shall
be subject to all other provisions of the Act (however, see the
Notes).
CUSIP No. 003881 20 8 SCHEDULE 13G Page 2 of 7
1 Name of Reporting Person Seraphim Capital Partners LLC
IRS Identification No. of Above Person 52-2368262
2 Check the Appropriate Box if a Member of a Group
(a) [ ]
(b) [ ]
3 SEC USE ONLY
4 Citizenship or Place of Organization
California
5 Sole Voting Power
1,071,000
NUMBER OF 6 Shared Voting Power
SHARES
BENEFICIALLY -0-
OWNED BY EACH
REPORTING 7 Sole Dispositive Power
PERSON WITH
1,071,000
8 Shared Dispositive Power
-0-
9 Aggregate Amount Beneficially Owned by each Reporting
Person
1,191,000
10 Check Box if the Aggregate Amount in Row (9) Excludes
Certain Shares* [ ]
11 Percent of Class Represented by Amount in Row 9
4.1%
12 Type of Reporting Person*
PN
CUSIP No. 003881 20 8 SCHEDULE 13G Page 3 of 7
1 Name of Reporting Person Johnny Yoo
IRS Identification No. of Above Person
2 Check the Appropriate Box if a Member of a Group
(a) [ ]
(b) [ ]
3 SEC USE ONLY
4 Citizenship or Place of Organization
United States
5 Sole Voting Power
1,191,000
NUMBER OF 6 Shared Voting Power
SHARES
BENEFICIALLY -0-
OWNED BY EACH
REPORTING 7 Sole Dispositive Power
PERSON WITH
1,191,000
8 Shared Dispositive Power
-0-
9 Aggregate Amount Beneficially Owned by each Reporting
Person
1,191,000
10 Check Box if the Aggregate Amount in Row (9) Excludes
Certain Shares* [ ]
11 Percent of Class Represented by Amount in Row 9
4.6%
12 Type of Reporting Person*
IN
CUSIP No. 003881 20 8 SCHEDULE 13G Page 4 of 7
Item 1(a). Name of Issuer.
Acacia Research Corporation
Item 1(b). Address of Issuer's Principal Executive Offices.
500 Newport Center Drive, Newport Beach, CA 92660
Item 2(a). Names of Persons Filing.
Johnny Yoo and Seraphim Capital Partners LLC
Item 2(b). Address of Principal Business Office or, if none,
Residence.
The business address of Johnny Yoo and Seraphim Capital
Partners LLC is 234 E. Colorado Blvd., Suite M120, Pasadena, CA
91101.
Item 2(c). Citizenship.
Johnny Yoo is a United States citizen. Seraphim Capital
Partners LLC is a California corporation.
Item 2(d). Title of Class of Securities.
Acacia Research - CombiMatrix stock, par value $0.001 per
share
Item 2(e). CUSIP Number.
003881 20 8
Item 3. If this statement is filed pursuant to 240.13d-1(b)
or 240.13d-2(b) or (c), check whether the person filing is a:
(a) [ ] Broker or dealer registered under section 15 of the
Act (15 U.S.C. 78o).
(b) [ ] Bank as defined in section 3(a)(6) of the Act (15
U.S.C. 78c).
(c) [ ] Insurance company as defined in section 3(a)(19) of
the Act (15 U.S.C. 78c).
CUSIP No. 003881 20 8 SCHEDULE 13G Page 5 of 7
(d) [ ] Investment company registered under section 8 of the
Investment Company act of 1940 (15 U.S.C. 80a-8).
(e) [X] An investment adviser in accordance with 240.13d-
1(b)(1)(ii)(E) (with respect to Seraphim Capital Partners LLC
only).
(f) [ ] An employee benefit plan or endowment fund in
accordance with 240.13d-1(b)(1)(ii)(F).
(g) [X] A parent holding company or control person in
accordance with 240.13b-1(b)(1)(ii)(G) (with respect to Johnny
Yoo only).
(h) [ ] A savings association as defined in Section 3(b) of
the Federal Deposit Insurance Act (12 U.S.C. 1813).
(i) [ ] A church plan that is excluded form the definition of
an investment company under section 3(c)(14) of the Investment
Company act of 1940 (15 U.S.C. 80a-3).
(j) [ ] Group, in accordance with 240.13d-1(b)(1)(ii)(J).
If this statement is filed pursuant to Section 240.13d-1(c),
check this box [X]
Item 4. Ownership.
Reference is made hereby made to Items 5-9 and 11 of pages
two (2) and three (3) of this Schedule 13G, which Items are
incorporated by reference herein.
CUSIP No. 003881 20 8 SCHEDULE 13G Page 6 of 7
Item 5. Ownership of Five Percent or Less of a Class.
If statement is being filed to report the fact that as of
the date hereof the reporting person has ceased to be the
beneficial owner of more than five percent of the class of
securities, check the following [X].
Item 6. Ownership of More Than Five Percent on Behalf of
Another Person.
Not applicable.
Item 7. Identification and Classification of the Subsidiary
which Acquired the Security Being Reported on by the Parent
Holding Company.
Not applicable.
Item 8. Identification and Classification of Members of the
Group.
Not applicable.
Item 9. Notice of Dissolution of Group.
Not applicable.
Item 10. Certification.
(a) By signing below, Seraphim Capital Partners LLC certifies
that, to the best of its knowledge and belief, the securities
referred to above on page three (3) of this Schedule 13G were
acquired and are held in the ordinary course of business and
were not acquired and are not held for the purpose of or with
the effect of changing or influencing the control of the issuer
of the securities and were not acquired and are not held in
connection with or as a participant in any transaction having
that purpose or effect.
(b) By signing below, Johnny Yoo certifies that, to the best of
his respective knowledge and believe, the securities referred
to above on page two (2) of this Schedule 13G were not acquired
CUSIP No. SCHEDULE 13G Page 7 of 7
and are not held for the purpose of or with the effect of
changing or influencing the control of the issuer of the
securities and were not acquired and are not held in connection
with or as a participant in any transaction having that purpose
or effect.
Signature
After reasonable inquiry and to the best of its knowledge
and belief, the undersigned certifies that the information set
forth in this statement is true, complete and correct.
After reasonable inquiry and to the best of their
respective knowledge and belief, the undersigned certifies that
the information set forth in this statement is true, complete
and correct.
DATED: May 5, 2004
Johnny Yoo
/s/ Johnny Yoo
________________________
By: Johnny Yoo
DATED: May 5, 2004
SERAPHIM CAPITAL PARTNERS LLC
/s/ Johnny Yoo
________________________
By: Johnny Yoo
its: Managing Member