UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 Cadiz Inc. -------------------------------------------------------------------------------- (Name of Issuer) Common Stock par value $0.01 -------------------------------------------------------------------------------- (Title of Class of Securities) 127537108 -------------------------------------------------------------------------------- (CUSIP Number) November 13, 2002 -------------------------------------------------------------------------------- (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [ ] Rule 13d-1(b) [X] Rule 13d-1(c) [ ] Rule 13d-1(d) CUSIP No. 127537108 ----------------------------------------- ------------------ ------------------------------------------------------------- ------------------ ------------------------------------------------------------- 1. Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only) Jupiter Asset Management Limited ------------------------------------------------------------- ------------------ ------------------------------------------------------------- ------------------ ------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group Not applicable ------------------------------------------------------------- ------------------ ------------------------------------------------------------- ------------------ ------------------ ------------------------------------------ 3. SEC Use Only ------------------------------------------ ------------------ ------------------------------------------------------------- ------------------ ------------------------------------------------------------- 4. Citizenship or Place of Organization England and Wales ----------------------- ------------------ ------------------------------------------------------------- ------------------ ------ ------------------------------ ----------------------- Number of Shares 5. Sole Voting Power 3,566,937 Beneficially ----------------------- Owned by Each Reporting Person With ------ ------------------------------ ----------------------- ------ ------------------------------ ----------------------- 6. Shared Voting Power 244,000 ----------------------- ------ ------------------------------ ----------------------- ------ ------------------------------ ----------------------- 7. Sole Dispositive Power 3,566,937 ----------------------- ------ ------------------------------ ----------------------- ------ ------------------------------ ----------------------- 8. Shared Dispositive Power 244,000 ----------------------- ------------------ ------------------------------------------------------------- ------------------ ------------------------------------------------------------- 9. Aggregate Amount Beneficially Owned by Each Reporting Person 3,810,937 ------------------------------------------------------------- ------------------ ------------------------------------------------------------- ------------------ ------------------------------------------------------------- 10. Check if the Aggregate Amount in row (9) Excludes Certain Shares ------------------------------------------------------------- ------------------ ------------------------------------------------------------- ------------------ ------------------------------------------------------------- 11. Percent of Class Represented by Amount in Row (9) 10.47% ----------- ------------------ ------------------------------------------------------------- ------------------ ------------------------------------------------------------- 12. Type of Reporting Person ------------------------------------------------------------- ------------------ ------------------------------------------------------------- ------------------ ------------------------------------------------------------- 2 Item 1. (a) Name of issuer Cadiz Inc. (b) Address of Issuer's Principal Executive Offices 100 Wilshire Boulevard, Suite 1600 Santa Monica, CA 90401 Item 2. (a) Name of Person Filing Jupiter Asset Management Limited (b) Address of Principal Business Office or, if none, Residence 1 Grosvenor Place London SW1X 7JJ England (c) Citizenship England and Wales (d) Title of Class of Securities Common Stock par value $0.01 (e) CUSIP Number 127537108 Item 3. If this statement is filed pursuant to Rules 13d-1(b) or 13d-2(b) or (c), check whether the person filing is a: Not Applicable Item 4. Ownership Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1. (a) Amount beneficially owned: 3,810,937 . ------------------------------------ (b) Percent of class: 10.47% . ----------------------------- (c) Number of shares as to which the person has: (i) Sole power to vote or to direct the vote 3,566,937 . ------------------------------ (ii) Shared power to vote or to direct the vote 244,000 . ---------------------------- (iii) Sole power to dispose or to direct the disposition of 3,566,937 . ----------------- (iv) Shared power to dispose or to direct the disposition of 244,000 . ---------------- 3 Jupiter Asset Management Limited provides investment advisory and management services and has acquired the securities of the issuer solely for investment purposes on behalf of client accounts over which it has investment discretion. The securities of the issuer reported are held in such accounts for the economic benefit of the beneficiaries of those accounts. This statement should not be construed as an admission that Jupiter Asset Management Limited is, for the purposes of Section 13(d) or 13(g) of the Exchange Act, a beneficial owner of any securities covered by this statement. Item 5. Ownership of Five Percent or Less of a Class If this 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 [ ]. Not Applicable Item 6. Ownership of More than Five Percent on Behalf of Another Person. If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest related to more than five percent of the class, such person should be identified. Various persons have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of the Common Stock of Cadiz Inc, however, no such interest relates to more than five percent of the class. Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company or Control Person. 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 By signing below I certify that, to the best of my knowledge and belief, the securities referred to above 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. 4 SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Jupiter Asset Management Limited By: /S/ JOHN CULLEN --------------- Name: John Cullen Title: Director Date: January 29, 2003