The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number: 3235-0006
Estimated average burden
hours per response: 23.8
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
AEROJET ROCKETDYNE HOLDINGS IN COM 007800105 14,925 911,147 SH   SOLE   796,058 0 115,089
ALTRIA GROUP INC COM COM 02209s103 462 7,380 SH   SOLE   7,380 0 0
AMERICAN AIRLS GRP INC COM COM 02376r102 7,483 182,464 SH   SOLE   161,664 0 20,800
AMERICAN CAMPUS CMNTYS COM COM 024835100 6,517 138,390 SH   SOLE   123,576 0 14,814
AMERICAN ELEC PWR INC COM COM 025537101 4,345 65,441 SH   SOLE   57,441 0 8,000
AMERICAN EXPRESS CO COM COM 025816109 4,858 79,113 SH   SOLE   68,308 0 10,805
APPLE COMPUTER COM 037833100 11,254 103,261 SH   SOLE   91,886 0 11,375
BAKER HUGHES INC COM COM 057224107 219 5,000 SH   SOLE   5,000 0 0
BEAZER HOMES USA INC COM NEW COM 07556Q881 1,295 148,505 SH   SOLE   87,505 0 61,000
BERKSHIRE HATHAWAY INC CL B COM 084670702 213 1,498 SH   SOLE   1,498 0 0
BIG LOTS INC COM COM 089302103 7,055 155,768 SH   SOLE   136,378 0 19,390
BIOELECTRONICS CORP COM COM 09062H108 0 60,000 SH   SOLE   60,000 0 0
BP PLC SPONSORED ADR COM 055622104 288 9,537 SH   SOLE   9,537 0 0
BRAVO BRIO RESTAURANT COM COM 10567b109 322 41,579 SH   SOLE   41,579 0 0
BRISTOL-MYERS SQUIBB CO COM COM 110122108 414 6,486 SH   SOLE   6,486 0 0
BRISTOW GROUP INC COM 110394103 194 10,240 SH   SOLE   10,240 0 0
BROOKDALE SR LIVING COM COM 112463104 4,100 258,175 SH   SOLE   224,025 0 34,150
CATERPILLAR INC DEL COM COM 149123101 241 3,150 SH   SOLE   3,150 0 0
CHEVRON CORP NEW COM COM 166764100 1,778 18,634 SH   SOLE   18,634 0 0
CISCO SYS INC COM COM 17275R102 6,588 231,405 SH   SOLE   206,729 0 24,676
COHEN & STEERS INC COM COM 19247A100 10,863 279,112 SH   SOLE   249,137 0 29,975
COLGATE PALMOLIVE CO COM COM 194162103 339 4,800 SH   SOLE   4,800 0 0
COMCAST CORP COM CL A COM 20030N101 11,984 196,209 SH   SOLE   174,193 0 22,016
E M C CORP MASS COM COM 268648102 6,070 227,777 SH   SOLE   199,177 0 28,600
EOG RES INC COM COM 26875P101 5,899 81,279 SH   SOLE   73,293 0 7,986
ESTEE LAUDER COS INC COM COM 518439104 9,597 101,761 SH   SOLE   87,505 0 14,256
EXXON CORP COM COM 30231G102 1,027 12,288 SH   SOLE   12,288 0 0
FEC RESOURCES INC COM COM 30246x108 0 170,600 SH   SOLE   170,600 0 0
FOREST CITY ENTERPRISES INC CO COM 345605109 12,247 580,703 SH   SOLE   505,468 0 75,235
FRANKLIN RES INC COM COM 354613101 5,696 145,860 SH   SOLE   129,514 0 16,346
GATX CORP COM COM 361448103 6,350 133,686 SH   SOLE   116,053 0 17,633
GENERAL ELEC CO COM COM 369604103 10,181 320,262 SH   SOLE   277,839 0 42,423
HAWAIIAN HOLDINGS INC COM COM 419879101 756 16,020 SH   SOLE   16,020 0 0
HEWLETT PACKARD ENTERPRISE CO COM 42824C109 6,385 360,141 SH   SOLE   316,490 0 43,651
HP INC COM 40434L105 4,484 363,936 SH   SOLE   320,285 0 43,651
HUDSON PACIFIC PROPERTIES COM 444097109 415 14,345 SH   SOLE   14,345 0 0
HYSTER YALE MATLS HAND CL A COM 449172105 7,164 107,566 SH   SOLE   93,541 0 14,025
INSPERITY INC COM 45778Q107 11,113 214,825 SH   SOLE   183,868 0 30,957
INTEL CORP COM COM 458140100 8,480 262,129 SH   SOLE   226,409 0 35,720
INTERNATIONAL BUS MACH COM COM 459200101 517 3,416 SH   SOLE   3,416 0 0
IXIA COM 45071R109 215 17,250 SH   SOLE   17,250 0 0
J P MORGAN CHASE & CO COM COM 46625H100 7,375 124,544 SH   SOLE   110,570 0 13,974
JOHNSON & JOHNSON COM COM 478160104 7,966 73,622 SH   SOLE   64,700 0 8,922
KAISER ALUMINUM CORP COM PAR $ COM 483007704 10,224 120,937 SH   SOLE   103,285 0 17,652
KIMBERLY CLARK CORP COM COM 494368103 488 3,631 SH   SOLE   3,631 0 0
KLX INC. COM 482539103 5,640 175,478 SH   SOLE   153,638 0 21,840
KULICKE AND SOFFA INDUSTRIES I COM 501242101 167 14,750 SH   SOLE   14,750 0 0
LILLY ELI & CO COM COM 532457108 4,960 68,876 SH   SOLE   59,676 0 9,200
LKQ CORP COM COM 501889208 12,188 381,720 SH   SOLE   326,344 0 55,376
LOEWS CORP COM COM 540424108 2,175 56,838 SH   SOLE   56,838 0 0
MAGELLAN MIDSTREAM PRT COM UNI COM 559080106 548 7,960 SH   SOLE   7,960 0 0
MARCHEX INC CL B COM 56624r108 6,364 1,430,177 SH   SOLE   1,231,872 0 198,305
MERCK & CO INC NEW COM COM 58933Y105 7,845 148,277 SH   SOLE   128,368 0 19,909
MONDELEZ INTL INC COM 609207105 229 5,696 SH   SOLE   5,696 0 0
MRC GLOBAL INC COM COM 55345K103 184 14,000 SH   SOLE   14,000 0 0
NEWFIELD EXPL CO COM COM 651290108 5,254 158,026 SH   SOLE   136,982 0 21,044
NORDSON CORP COM COM 655663102 9,636 126,724 SH   SOLE   113,445 0 13,279
NORDSTROM INC COM COM 655664100 6,435 112,476 SH   SOLE   95,509 0 16,967
NORWEGIAN CRUISE LINE HOLDINGS COM G66721104 7,782 140,746 SH   SOLE   123,231 0 17,515
NOVAPET PRODUCTS INC COM COM 669875106 0 12,000 SH   SOLE   12,000 0 0
OMNOVA SOLUTIONS INC COM COM 682129101 6,519 1,172,476 SH   SOLE   1,046,633 0 125,843
ORACLE CORP COM COM 68389X105 9,411 230,036 SH   SOLE   199,330 0 30,706
PFIZER INC COM COM 717081103 609 20,563 SH   SOLE   20,563 0 0
PHILIP MORRIS INTL INC COM COM 718172109 1,266 12,908 SH   SOLE   12,908 0 0
PROCTER & GAMBLE CO COM COM 742718109 389 4,729 SH   SOLE   4,729 0 0
PROGRESSIVE CORP OHIO COM COM 743315103 2,282 64,950 SH   SOLE   64,950 0 0
PULTE GROUP INC COM COM 745867101 13,677 731,007 SH   SOLE   633,331 0 97,676
REX ENERGY CORPORATION COM COM 761565100 23 30,105 SH   SOLE   30,105 0 0
SCHLUMBERGER LTD COM COM 806857108 7,823 106,076 SH   SOLE   91,892 0 14,184
SCHWAB CHARLES CORP NEW COM COM 808513105 11,663 416,232 SH   SOLE   361,889 0 54,343
SIMON PPTY GROUP NEW COM COM 828806109 10,382 49,989 SH   SOLE   43,422 0 6,567
SIZMEK INC COM 83013p105 1,947 671,360 SH   SOLE   578,896 0 92,464
SKULLCANDY INC COM COM 83083j104 2,416 678,642 SH   SOLE   591,612 0 87,030
SKYWORKS SOLUTIONS INC COM COM 83088m102 11,595 148,846 SH   SOLE   129,692 0 19,154
STARBUCKS CORP COM COM 855244109 1,400 23,448 SH   SOLE   23,448 0 0
STEM CELL AUTH LTD COM 85857c108 0 10,000 SH   SOLE   10,000 0 0
SVB FINL GROUP COM COM 78486q101 3,195 31,310 SH   SOLE   23,810 0 7,500
TENET HEALTHCARE CORP COM COM 88033g407 6,477 223,874 SH   SOLE   196,503 0 27,371
TERADYNE INC COM COM 880770102 11,626 538,477 SH   SOLE   460,433 0 78,044
TETRA TECH INC NEW COM COM 88162G103 9,213 308,968 SH   SOLE   272,182 0 36,786
TIME WARNER INC COM COM 887317303 4,547 62,668 SH   SOLE   54,479 0 8,189
TIMKEN CO COM COM 887389104 210 6,280 SH   SOLE   6,280 0 0
TRANSOCEAN INC COM COM H8817H100 2,106 230,411 SH   SOLE   206,700 0 23,711
UNITED NAT FOOD INC COM COM 911163103 8,783 217,940 SH   SOLE   187,295 0 30,645
VERIZON COMMUNICATIONS COM COM 92343V104 232 4,281 SH   SOLE   4,281 0 0
VISA INC COM CL A COM 92826c839 206 2,700 SH   SOLE   2,700 0 0
WALT DISNEY CO COM COM 254687106 8,250 83,076 SH   SOLE   72,346 0 10,730
WELLS FARGO & CO NEW COM COM 949746101 7,952 164,437 SH   SOLE   142,318 0 22,119
WEYERHAEUSER CO COM COM 962166104 9,427 304,304 SH   SOLE   261,438 0 42,866
WYNDHAM WORLDWIDE CORP COM COM 98310W108 2,930 38,331 SH   SOLE   33,731 0 4,600
LAZARD FDS INC EMERG MKT RETL MEUS 52106n764 2,020 134,574 SH   SOLE   134,574 0 0
LAZARD FDS INC EMKTS EQBL OPN MEUS 52106N418 859 96,207 SH   SOLE   96,207 0 0