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 19,510 899,067 SH   SOLE   762,898 0 136,169
ALTRIA GROUP INC COM COM 02209s103 516 7,224 SH   SOLE   7,224 0 0
AMERICAN AIRLS GRP INC COM COM 02376r102 7,648 180,800 SH   SOLE   163,677 0 17,123
AMERICAN CAMPUS CMNTYS COM COM 024835100 4,496 94,477 SH   SOLE   94,477 0 0
AMERICAN EXPRESS CO COM COM 025816109 4,633 58,568 SH   SOLE   52,248 0 6,320
APPLE COMPUTER COM 037833100 14,299 99,536 SH   SOLE   89,432 0 10,104
ASPEN INSURANCE HOLDINGS LTD COM g05384105 6,360 122,189 SH   SOLE   105,231 0 16,958
BAKER HUGHES INC COM COM 057224107 301 5,025 SH   SOLE   5,025 0 0
BEAZER HOMES USA INC COM NEW COM 07556Q881 5,196 428,338 SH   SOLE   356,815 0 71,523
BERKSHIRE HATHAWAY INC CL B COM 084670702 208 1,250 SH   SOLE   1,250 0 0
BIG LOTS INC COM COM 089302103 6,688 137,377 SH   SOLE   123,504 0 13,873
BIO-RAD LABORATORIES COM 090572207 5,338 26,776 SH   SOLE   24,104 0 2,672
BIOELECTRONICS CORP COM COM 09062H108 0 60,000 SH   SOLE   60,000 0 0
BP PLC SPONSORED ADR COM 055622104 329 9,537 SH   SOLE   9,537 0 0
BRAVO BRIO RESTAURANT COM COM 10567b109 281 55,079 SH   SOLE   55,079 0 0
BRISTOL-MYERS SQUIBB CO COM COM 110122108 342 6,286 SH   SOLE   6,286 0 0
BRISTOW GROUP INC COM 110394103 185 12,175 SH   SOLE   12,175 0 0
BROOKDALE SR LIVING COM COM 112463104 3,991 297,133 SH   SOLE   262,988 0 34,145
CATERPILLAR INC DEL COM COM 149123101 292 3,150 SH   SOLE   3,150 0 0
CHEVRON CORP NEW COM COM 166764100 1,922 17,902 SH   SOLE   17,902 0 0
CISCO SYS INC COM COM 17275R102 7,154 211,663 SH   SOLE   192,100 0 19,563
COHEN & STEERS INC COM COM 19247A100 10,134 253,547 SH   SOLE   228,364 0 25,183
COLGATE PALMOLIVE CO COM COM 194162103 351 4,800 SH   SOLE   4,800 0 0
COMCAST CORP COM CL A COM 20030N101 13,362 355,458 SH   SOLE   316,007 0 39,451
DELL TECHNOLOGIES INC COM CL V COM 24703l103 5,659 88,313 SH   SOLE   78,734 0 9,579
EOG RES INC COM COM 26875P101 7,665 78,577 SH   SOLE   71,333 0 7,244
ESTEE LAUDER COS INC COM COM 518439104 7,942 93,666 SH   SOLE   81,440 0 12,226
EXXON CORP COM COM 30231G102 1,006 12,262 SH   SOLE   12,262 0 0
FEC RESOURCES INC COM COM 30246x108 1 170,600 SH   SOLE   170,600 0 0
FOREST CITY ENTERPRISES INC CO COM 345605109 11,915 547,075 SH   SOLE   484,681 0 62,394
FOSSIL GROUP COM 34988V106 2,946 168,823 SH   SOLE   148,823 0 20,000
FRANKLIN RES INC COM COM 354613101 5,982 141,962 SH   SOLE   129,672 0 12,290
GATX CORP COM COM 361448103 8,348 136,942 SH   SOLE   122,204 0 14,738
GENERAL ELEC CO COM COM 369604103 8,610 288,913 SH   SOLE   252,170 0 36,743
HAWAIIAN HOLDINGS INC COM COM 419879101 688 14,820 SH   SOLE   14,820 0 0
HP INC COM 40434L105 5,671 317,168 SH   SOLE   284,333 0 32,835
HUDSON PACIFIC PROPERTIES COM 444097109 493 14,220 SH   SOLE   14,220 0 0
HYSTER YALE MATLS HAND CL A COM 449172105 6,084 107,892 SH   SOLE   93,595 0 14,297
INSPERITY INC COM 45778Q107 8,830 99,605 SH   SOLE   86,151 0 13,454
INTEL CORP COM COM 458140100 8,977 248,886 SH   SOLE   217,895 0 30,991
INTERNATIONAL BUS MACH COM COM 459200101 487 2,795 SH   SOLE   2,795 0 0
J P MORGAN CHASE & CO COM COM 46625H100 10,203 116,151 SH   SOLE   104,089 0 12,062
JOHNSON & JOHNSON COM COM 478160104 8,210 65,920 SH   SOLE   58,449 0 7,471
KAISER ALUMINUM CORP COM PAR $ COM 483007704 8,954 112,070 SH   SOLE   96,520 0 15,550
KIMBERLY CLARK CORP COM COM 494368103 491 3,731 SH   SOLE   3,731 0 0
KLX INC. COM 482539103 8,131 181,900 SH   SOLE   156,514 0 25,386
KULICKE AND SOFFA INDUSTRIES I COM 501242101 221 10,865 SH   SOLE   10,865 0 0
LILLY ELI & CO COM COM 532457108 5,789 68,831 SH   SOLE   61,777 0 7,054
LKQ CORP COM COM 501889208 10,253 350,302 SH   SOLE   300,327 0 49,975
LOEWS CORP COM COM 540424108 2,469 52,794 SH   SOLE   52,794 0 0
LULULEMON ATHLETICA IN COM COM 550021109 2,782 53,631 SH   SOLE   45,081 0 8,550
MAGELLAN MIDSTREAM PRT COM UNI COM 559080106 528 6,860 SH   SOLE   6,860 0 0
MARCHEX INC CL B COM 56624r108 3,539 1,301,035 SH   SOLE   1,164,341 0 136,694
MERCK & CO INC NEW COM COM 58933Y105 8,776 138,113 SH   SOLE   120,842 0 17,271
MONDELEZ INTL INC COM 609207105 245 5,696 SH   SOLE   5,696 0 0
MRC GLOBAL INC COM COM 55345K103 282 15,385 SH   SOLE   15,385 0 0
NEWFIELD EXPL CO COM COM 651290108 5,536 149,984 SH   SOLE   133,065 0 16,919
NOBILIS HEALTH CORP COM 65500B103 1,294 761,423 SH   SOLE   681,423 0 80,000
NORDSON CORP COM COM 655663102 14,245 115,965 SH   SOLE   104,124 0 11,841
NORDSTROM INC COM COM 655664100 5,423 116,445 SH   SOLE   103,254 0 13,191
NORWEGIAN CRUISE LINE HOLDINGS COM G66721104 7,057 139,109 SH   SOLE   123,211 0 15,898
NOVAPET PRODUCTS INC COM COM 669875106 0 12,000 SH   SOLE   12,000 0 0
OMNOVA SOLUTIONS INC COM COM 682129101 11,140 1,125,245 SH   SOLE   1,018,359 0 106,886
ORACLE CORP COM COM 68389X105 9,476 212,424 SH   SOLE   185,820 0 26,604
PFIZER INC COM COM 717081103 697 20,386 SH   SOLE   20,386 0 0
PHILIP MORRIS INTL INC COM COM 718172109 1,399 12,388 SH   SOLE   12,388 0 0
PROCTER & GAMBLE CO COM COM 742718109 420 4,679 SH   SOLE   4,679 0 0
PROGRESSIVE CORP OHIO COM COM 743315103 1,236 31,550 SH   SOLE   31,550 0 0
PULTE GROUP INC COM COM 745867101 16,480 699,798 SH   SOLE   610,183 0 89,615
REX ENERGY CORPORATION COM COM 761565100 21 44,605 SH   SOLE   44,605 0 0
RPM INC OHIO COM COM 749685103 425 7,722 SH   SOLE   7,722 0 0
SCHLUMBERGER LTD COM COM 806857108 8,031 102,827 SH   SOLE   90,782 0 12,045
SCHWAB CHARLES CORP NEW COM COM 808513105 15,537 380,719 SH   SOLE   330,528 0 50,191
SIMON PPTY GROUP NEW COM COM 828806109 7,896 45,897 SH   SOLE   40,283 0 5,614
SKYWORKS SOLUTIONS INC COM COM 83088m102 14,197 144,898 SH   SOLE   127,534 0 17,364
STARBUCKS CORP COM COM 855244109 1,292 22,129 SH   SOLE   22,129 0 0
STEM CELL AUTH LTD COM 85857c108 0 10,000 SH   SOLE   10,000 0 0
SVB FINL GROUP COM COM 78486q101 8,044 43,225 SH   SOLE   35,660 0 7,565
TENET HEALTHCARE CORP COM COM 88033g407 3,996 225,658 SH   SOLE   207,193 0 18,465
TERADYNE INC COM COM 880770102 15,522 499,090 SH   SOLE   430,903 0 68,187
TETRA TECH INC NEW COM COM 88162G103 7,414 181,504 SH   SOLE   167,177 0 14,327
TIME WARNER INC COM COM 887317303 5,873 60,104 SH   SOLE   53,703 0 6,401
TIMKEN CO COM COM 887389104 270 5,980 SH   SOLE   5,980 0 0
TRANSOCEAN INC COM COM H8817H100 2,041 163,916 SH   SOLE   153,314 0 10,602
UNITED NAT FOOD INC COM COM 911163103 9,178 212,317 SH   SOLE   185,564 0 26,753
VERIZON COMMUNICATIONS COM COM 92343V104 217 4,458 SH   SOLE   4,458 0 0
VISA INC COM CL A COM 92826c839 227 2,550 SH   SOLE   2,550 0 0
WALT DISNEY CO COM COM 254687106 8,837 77,935 SH   SOLE   68,772 0 9,163
WELLS FARGO & CO NEW COM COM 949746101 8,685 156,028 SH   SOLE   136,879 0 19,149
WEYERHAEUSER CO COM COM 962166104 9,741 286,672 SH   SOLE   248,952 0 37,720
WYNDHAM WORLDWIDE CORP COM COM 98310W108 7,166 85,019 SH   SOLE   75,452 0 9,567
LAZARD EMERGING MARKETS EQUITY MEUS 52106N392 282 25,925 SH   SOLE   25,925 0 0
LAZARD FDS INC EMERG MKT RETL MEUS 52106n764 2,343 129,387 SH   SOLE   129,387 0 0
LAZARD FDS INC EMKTS EQBL OPN MEUS 52106N418 992 91,116 SH   SOLE   91,116 0 0