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