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 16,368 911,879 SH   SOLE   766,790 0 145,089
ALTRIA GROUP INC COM COM 02209s103 488 7,224 SH   SOLE   7,224 0 0
AMERICAN AIRLS GRP INC COM COM 02376r102 8,666 185,603 SH   SOLE   164,803 0 20,800
AMERICAN CAMPUS CMNTYS COM COM 024835100 4,847 97,386 SH   SOLE   97,386 0 0
AMERICAN EXPRESS CO COM COM 025816109 7,019 94,753 SH   SOLE   79,948 0 14,805
APPLE COMPUTER COM 037833100 11,738 101,344 SH   SOLE   89,969 0 11,375
ASPEN INSURANCE HOLDINGS LTD COM g05384105 6,912 125,680 SH   SOLE   105,680 0 20,000
BAKER HUGHES INC COM COM 057224107 326 5,025 SH   SOLE   5,025 0 0
BEAZER HOMES USA INC COM NEW COM 07556Q881 5,893 443,116 SH   SOLE   358,116 0 85,000
BERKSHIRE HATHAWAY INC CL B COM 084670702 204 1,250 SH   SOLE   1,250 0 0
BIG LOTS INC COM COM 089302103 7,242 144,242 SH   SOLE   124,852 0 19,390
BIO-RAD LABORATORIES COM 090572207 5,085 27,897 SH   SOLE   24,332 0 3,565
BIOELECTRONICS CORP COM COM 09062H108 0 60,000 SH   SOLE   60,000 0 0
BP PLC SPONSORED ADR COM 055622104 356 9,537 SH   SOLE   9,537 0 0
BRAVO BRIO RESTAURANT COM COM 10567b109 209 55,079 SH   SOLE   55,079 0 0
BRISTOL-MYERS SQUIBB CO COM COM 110122108 376 6,437 SH   SOLE   6,437 0 0
BRISTOW GROUP INC COM 110394103 257 12,525 SH   SOLE   12,525 0 0
BROOKDALE SR LIVING COM COM 112463104 3,724 299,873 SH   SOLE   253,723 0 46,150
CATERPILLAR INC DEL COM COM 149123101 292 3,150 SH   SOLE   3,150 0 0
CHEVRON CORP NEW COM COM 166764100 2,102 17,861 SH   SOLE   17,861 0 0
CISCO SYS INC COM COM 17275R102 6,640 219,713 SH   SOLE   195,037 0 24,676
COHEN & STEERS INC COM COM 19247A100 8,769 260,982 SH   SOLE   231,007 0 29,975
COLGATE PALMOLIVE CO COM COM 194162103 314 4,800 SH   SOLE   4,800 0 0
COMCAST CORP COM CL A COM 20030N101 12,599 182,466 SH   SOLE   160,450 0 22,016
DELL TECHNOLOGIES INC COM CL V COM 24703l103 4,973 90,466 SH   SOLE   78,216 0 12,250
EOG RES INC COM COM 26875P101 8,212 81,228 SH   SOLE   72,242 0 8,986
ESTEE LAUDER COS INC COM COM 518439104 7,349 96,076 SH   SOLE   81,820 0 14,256
EXXON CORP COM COM 30231G102 1,069 11,846 SH   SOLE   11,846 0 0
FEC RESOURCES INC COM COM 30246x108 1 170,600 SH   SOLE   170,600 0 0
FOREST CITY ENTERPRISES INC CO COM 345605109 11,778 565,151 SH   SOLE   489,916 0 75,235
FOSSIL GROUP COM 34988V106 4,297 166,178 SH   SOLE   146,178 0 20,000
FRANKLIN RES INC COM COM 354613101 5,819 147,030 SH   SOLE   130,684 0 16,346
GATX CORP COM COM 361448103 8,669 140,775 SH   SOLE   123,142 0 17,633
GENERAL ELEC CO COM COM 369604103 9,341 295,598 SH   SOLE   253,175 0 42,423
HAWAIIAN HOLDINGS INC COM COM 419879101 845 14,820 SH   SOLE   14,820 0 0
HEWLETT PACKARD ENTERPRISE CO COM 42824C109 7,913 341,951 SH   SOLE   298,300 0 43,651
HP INC COM 40434L105 4,892 329,666 SH   SOLE   286,015 0 43,651
HUDSON PACIFIC PROPERTIES COM 444097109 495 14,220 SH   SOLE   14,220 0 0
HYSTER YALE MATLS HAND CL A COM 449172105 7,098 111,313 SH   SOLE   94,288 0 17,025
INSPERITY INC COM 45778Q107 7,265 102,392 SH   SOLE   86,892 0 15,500
INTEL CORP COM COM 458140100 9,253 255,110 SH   SOLE   219,390 0 35,720
INTERNATIONAL BUS MACH COM COM 459200101 464 2,795 SH   SOLE   2,795 0 0
IXIA COM 45071R109 279 17,350 SH   SOLE   17,350 0 0
J P MORGAN CHASE & CO COM COM 46625H100 10,282 119,161 SH   SOLE   105,187 0 13,974
JOHNSON & JOHNSON COM COM 478160104 7,779 67,516 SH   SOLE   58,594 0 8,922
KAISER ALUMINUM CORP COM PAR $ COM 483007704 8,915 114,757 SH   SOLE   97,105 0 17,652
KIMBERLY CLARK CORP COM COM 494368103 426 3,731 SH   SOLE   3,731 0 0
KLX INC. COM 482539103 8,432 186,915 SH   SOLE   158,075 0 28,840
KULICKE AND SOFFA INDUSTRIES I COM 501242101 235 14,750 SH   SOLE   14,750 0 0
LILLY ELI & CO COM COM 532457108 5,249 71,364 SH   SOLE   62,164 0 9,200
LKQ CORP COM COM 501889208 10,963 357,688 SH   SOLE   302,312 0 55,376
LOEWS CORP COM COM 540424108 2,496 53,294 SH   SOLE   53,294 0 0
MAGELLAN MIDSTREAM PRT COM UNI COM 559080106 594 7,860 SH   SOLE   7,860 0 0
MARCHEX INC CL B COM 56624r108 3,642 1,374,247 SH   SOLE   1,175,942 0 198,305
MERCK & CO INC NEW COM COM 58933Y105 8,303 141,038 SH   SOLE   121,129 0 19,909
MONDELEZ INTL INC COM 609207105 253 5,696 SH   SOLE   5,696 0 0
MRC GLOBAL INC COM COM 55345K103 322 15,885 SH   SOLE   15,885 0 0
NEWFIELD EXPL CO COM COM 651290108 6,314 155,896 SH   SOLE   134,852 0 21,044
NOBILIS HEALTH CORP COM 65500B103 1,574 749,459 SH   SOLE   669,459 0 80,000
NORDSON CORP COM COM 655663102 13,241 118,170 SH   SOLE   104,891 0 13,279
NORDSTROM INC COM COM 655664100 5,775 120,487 SH   SOLE   103,520 0 16,967
NORWEGIAN CRUISE LINE HOLDINGS COM G66721104 6,117 143,825 SH   SOLE   124,310 0 19,515
NOVAPET PRODUCTS INC COM COM 669875106 0 12,000 SH   SOLE   12,000 0 0
OMNOVA SOLUTIONS INC COM COM 682129101 11,547 1,154,658 SH   SOLE   1,028,815 0 125,843
ORACLE CORP COM COM 68389X105 8,446 219,658 SH   SOLE   188,952 0 30,706
PFIZER INC COM COM 717081103 663 20,414 SH   SOLE   20,414 0 0
PHILIP MORRIS INTL INC COM COM 718172109 1,133 12,388 SH   SOLE   12,388 0 0
PROCTER & GAMBLE CO COM COM 742718109 407 4,838 SH   SOLE   4,838 0 0
PROGRESSIVE CORP OHIO COM COM 743315103 1,134 31,950 SH   SOLE   31,950 0 0
PULTE GROUP INC COM COM 745867101 13,090 712,179 SH   SOLE   614,503 0 97,676
REX ENERGY CORPORATION COM COM 761565100 23 48,105 SH   SOLE   48,105 0 0
SCHLUMBERGER LTD COM COM 806857108 8,779 104,577 SH   SOLE   90,393 0 14,184
SCHWAB CHARLES CORP NEW COM COM 808513105 15,260 386,619 SH   SOLE   332,276 0 54,343
SIMON PPTY GROUP NEW COM COM 828806109 8,350 46,998 SH   SOLE   40,431 0 6,567
SKYWORKS SOLUTIONS INC COM COM 83088m102 11,033 147,776 SH   SOLE   128,622 0 19,154
STARBUCKS CORP COM COM 855244109 1,241 22,352 SH   SOLE   22,352 0 0
STEM CELL AUTH LTD COM 85857c108 0 10,000 SH   SOLE   10,000 0 0
SVB FINL GROUP COM COM 78486q101 7,646 44,539 SH   SOLE   36,039 0 8,500
TENET HEALTHCARE CORP COM COM 88033g407 3,464 233,439 SH   SOLE   206,068 0 27,371
TERADYNE INC COM COM 880770102 13,015 512,413 SH   SOLE   434,369 0 78,044
TETRA TECH INC NEW COM COM 88162G103 8,172 189,391 SH   SOLE   170,991 0 18,400
TIME WARNER INC COM COM 887317303 6,046 62,633 SH   SOLE   54,444 0 8,189
TIMKEN CO COM COM 887389104 237 5,980 SH   SOLE   5,980 0 0
TRANSOCEAN INC COM COM H8817H100 2,636 178,826 SH   SOLE   155,115 0 23,711
UNITED NAT FOOD INC COM COM 911163103 10,313 216,118 SH   SOLE   185,473 0 30,645
VERIZON COMMUNICATIONS COM COM 92343V104 265 4,971 SH   SOLE   4,971 0 0
WALT DISNEY CO COM COM 254687106 8,326 79,888 SH   SOLE   69,158 0 10,730
WELLS FARGO & CO NEW COM COM 949746101 8,820 160,049 SH   SOLE   137,930 0 22,119
WEYERHAEUSER CO COM COM 962166104 8,828 293,398 SH   SOLE   250,532 0 42,866
WYNDHAM WORLDWIDE CORP COM COM 98310W108 3,131 40,994 SH   SOLE   36,394 0 4,600
LAZARD EMERGING MARKETS EQUITY MEUS 52106N392 209 21,762 SH   SOLE   21,762 0 0
LAZARD FDS INC EMERG MKT RETL MEUS 52106n764 2,117 129,028 SH   SOLE   129,028 0 0
LAZARD FDS INC EMKTS EQBL OPN MEUS 52106N418 890 92,517 SH   SOLE   92,517 0 0