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 16,018 1,022,877 SH   SOLE   907,788 0 115,089
ALTRIA GROUP INC COM COM 02209s103 430 7,380 SH   SOLE   7,380 0 0
AMERICAN AIRLS GRP INC COM COM 02376r102 8,877 209,619 SH   SOLE   188,819 0 20,800
AMERICAN CAMPUS CMNTYS COM COM 024835100 6,578 159,126 SH   SOLE   144,312 0 14,814
AMERICAN ELEC PWR INC COM COM 025537101 4,578 78,568 SH   SOLE   70,568 0 8,000
AMERICAN EXPRESS CO COM COM 025816109 6,462 92,908 SH   SOLE   83,103 0 9,805
APPLE COMPUTER COM 037833100 12,449 118,267 SH   SOLE   106,892 0 11,375
BAKER HUGHES INC COM COM 057224107 231 5,000 SH   SOLE   5,000 0 0
BEAZER HOMES USA INC COM NEW COM 07556Q881 1,350 117,505 SH   SOLE   81,505 0 36,000
BIG LOTS INC COM COM 089302103 7,002 181,680 SH   SOLE   162,290 0 19,390
BIOELECTRONICS CORP COM COM 09062H108 0 60,000 SH   SOLE   60,000 0 0
BP PLC SPONSORED ADR COM 055622104 298 9,537 SH   SOLE   9,537 0 0
BRAVO BRIO RESTAURANT COM COM 10567b109 374 41,579 SH   SOLE   41,579 0 0
BRISTOL-MYERS SQUIBB CO COM COM 110122108 505 7,336 SH   SOLE   7,336 0 0
BROOKDALE SR LIVING COM COM 112463104 5,487 297,245 SH   SOLE   263,095 0 34,150
CATERPILLAR INC DEL COM COM 149123101 214 3,150 SH   SOLE   3,150 0 0
CHEVRON CORP NEW COM COM 166764100 1,755 19,504 SH   SOLE   19,504 0 0
CISCO SYS INC COM COM 17275R102 7,435 273,795 SH   SOLE   249,119 0 24,676
COHEN & STEERS INC COM COM 19247A100 9,670 317,272 SH   SOLE   287,297 0 29,975
COLGATE PALMOLIVE CO COM COM 194162103 320 4,800 SH   SOLE   4,800 0 0
COMCAST CORP COM CL A COM 20030N101 12,676 224,641 SH   SOLE   202,625 0 22,016
E M C CORP MASS COM COM 268648102 6,674 259,892 SH   SOLE   231,292 0 28,600
EOG RES INC COM COM 26875P101 6,762 95,528 SH   SOLE   87,542 0 7,986
ESTEE LAUDER COS INC COM COM 518439104 10,625 120,651 SH   SOLE   106,395 0 14,256
EXXON CORP COM COM 30231G102 944 12,113 SH   SOLE   12,113 0 0
FEC RESOURCES INC COM COM 30246x108 0 170,600 SH   SOLE   170,600 0 0
FOREST CITY ENTERPRISES INC CO COM 345605109 14,551 663,498 SH   SOLE   588,263 0 75,235
FRANKLIN RES INC COM COM 354613101 6,263 170,090 SH   SOLE   153,744 0 16,346
GATX CORP COM COM 361448103 6,508 152,941 SH   SOLE   135,308 0 17,633
GENERAL ELEC CO COM COM 369604103 11,333 363,832 SH   SOLE   321,409 0 42,423
HAWAIIAN HOLDINGS INC COM COM 419879101 724 20,490 SH   SOLE   20,490 0 0
HEWLETT PACKARD ENTERPRISE CO COM 42824C109 6,262 411,954 SH   SOLE   368,303 0 43,651
HP INC COM 40434L105 4,904 414,199 SH   SOLE   370,548 0 43,651
HUDSON PACIFIC PROPERTIES COM 444097109 396 14,085 SH   SOLE   14,085 0 0
HYSTER YALE MATLS HAND CL A COM 449172105 6,427 122,543 SH   SOLE   108,518 0 14,025
INSPERITY INC COM 45778Q107 11,867 246,460 SH   SOLE   215,503 0 30,957
INTEL CORP COM COM 458140100 10,682 310,072 SH   SOLE   274,352 0 35,720
INTERNATIONAL BUS MACH COM COM 459200101 470 3,416 SH   SOLE   3,416 0 0
IXIA COM 45071R109 214 17,250 SH   SOLE   17,250 0 0
J P MORGAN CHASE & CO COM COM 46625H100 9,460 143,271 SH   SOLE   129,297 0 13,974
JOHNSON & JOHNSON COM COM 478160104 8,721 84,897 SH   SOLE   75,975 0 8,922
KAISER ALUMINUM CORP COM PAR $ COM 483007704 11,993 143,359 SH   SOLE   125,707 0 17,652
KIMBERLY CLARK CORP COM COM 494368103 462 3,631 SH   SOLE   3,631 0 0
KLX INC. COM 482539103 6,151 199,761 SH   SOLE   177,921 0 21,840
KULICKE AND SOFFA INDUSTRIES I COM 501242101 172 14,750 SH   SOLE   14,750 0 0
LEGG MASON INC COM COM 524901105 9,202 234,576 SH   SOLE   210,501 0 24,075
LILLY ELI & CO COM COM 532457108 6,600 78,331 SH   SOLE   69,131 0 9,200
LKQ CORP COM COM 501889208 12,830 433,020 SH   SOLE   377,644 0 55,376
LOEWS CORP COM COM 540424108 2,229 58,038 SH   SOLE   58,038 0 0
MAGELLAN MIDSTREAM PRT COM UNI COM 559080106 577 8,490 SH   SOLE   8,490 0 0
MARCHEX INC CL B COM 56624r108 6,423 1,651,087 SH   SOLE   1,452,782 0 198,305
MERCK & CO INC NEW COM COM 58933Y105 9,068 171,675 SH   SOLE   151,766 0 19,909
MONDELEZ INTL INC COM 609207105 255 5,696 SH   SOLE   5,696 0 0
MRC GLOBAL INC COM COM 55345K103 173 13,400 SH   SOLE   13,400 0 0
NEWFIELD EXPL CO COM COM 651290108 5,910 181,511 SH   SOLE   160,467 0 21,044
NORDSON CORP COM COM 655663102 9,308 145,104 SH   SOLE   131,825 0 13,279
NORDSTROM INC COM COM 655664100 6,490 130,288 SH   SOLE   113,321 0 16,967
NORWEGIAN CRUISE LINE HOLDINGS COM G66721104 9,511 162,311 SH   SOLE   144,796 0 17,515
NOVAPET PRODUCTS INC COM COM 669875106 0 12,000 SH   SOLE   12,000 0 0
OMNOVA SOLUTIONS INC COM COM 682129101 7,936 1,294,608 SH   SOLE   1,168,765 0 125,843
ORACLE CORP COM COM 68389X105 9,604 262,911 SH   SOLE   232,205 0 30,706
PFIZER INC COM COM 717081103 667 20,663 SH   SOLE   20,663 0 0
PHILIP MORRIS INTL INC COM COM 718172109 1,111 12,638 SH   SOLE   12,638 0 0
PROCTER & GAMBLE CO COM COM 742718109 383 4,826 SH   SOLE   4,826 0 0
PROGRESSIVE CORP OHIO COM COM 743315103 2,067 65,000 SH   SOLE   65,000 0 0
PULTE GROUP INC COM COM 745867101 15,293 858,174 SH   SOLE   760,498 0 97,676
REX ENERGY CORPORATION COM COM 761565100 32 30,105 SH   SOLE   30,105 0 0
SCHLUMBERGER LTD COM COM 806857108 8,569 122,855 SH   SOLE   108,671 0 14,184
SCHWAB CHARLES CORP NEW COM COM 808513105 15,796 479,692 SH   SOLE   425,349 0 54,343
SIMON PPTY GROUP NEW COM COM 828806109 11,287 58,049 SH   SOLE   51,482 0 6,567
SIZMEK INC COM 83013p105 2,720 745,330 SH   SOLE   652,866 0 92,464
SKULLCANDY INC COM COM 83083j104 3,435 726,162 SH   SOLE   649,132 0 77,030
SKYWORKS SOLUTIONS INC COM COM 83088m102 13,103 170,543 SH   SOLE   151,389 0 19,154
STARBUCKS CORP COM COM 855244109 1,416 23,583 SH   SOLE   23,583 0 0
STEM CELL AUTH LTD COM 85857c108 0 10,000 SH   SOLE   10,000 0 0
SVB FINL GROUP COM COM 78486q101 3,748 31,525 SH   SOLE   26,525 0 5,000
TELECOMMUNICATION SYS INC CL A COM 87929j103 495 99,300 SH   SOLE   99,300 0 0
TENET HEALTHCARE CORP COM COM 88033g407 7,222 238,336 SH   SOLE   213,965 0 24,371
TERADYNE INC COM COM 880770102 12,958 626,922 SH   SOLE   548,878 0 78,044
TETRA TECH INC NEW COM COM 88162G103 9,343 359,080 SH   SOLE   322,294 0 36,786
TIME WARNER INC COM COM 887317303 4,721 72,995 SH   SOLE   64,806 0 8,189
TRANSOCEAN INC COM COM H8817H100 3,512 283,691 SH   SOLE   249,980 0 33,711
UNITED NAT FOOD INC COM COM 911163103 9,658 245,376 SH   SOLE   214,731 0 30,645
WALT DISNEY CO COM COM 254687106 10,089 96,017 SH   SOLE   85,287 0 10,730
WELLS FARGO & CO NEW COM COM 949746101 10,477 192,741 SH   SOLE   170,622 0 22,119
WEYERHAEUSER CO COM COM 962166104 10,398 346,827 SH   SOLE   303,961 0 42,866
WYNDHAM WORLDWIDE CORP COM COM 98310W108 3,150 43,356 SH   SOLE   38,756 0 4,600
LAZARD FDS INC EMERG MKT RETL MEUS 52106n764 2,002 144,871 SH   SOLE   144,871 0 0
LAZARD FDS INC EMKTS EQBL OPN MEUS 52106N418 823 96,275 SH   SOLE   96,275 0 0