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 18,773 902,541 SH   SOLE   766,372 0 136,169
ALTRIA GROUP INC COM COM 02209s103 538 7,224 SH   SOLE   7,224 0 0
AMERICAN AIRLS GRP INC COM COM 02376r102 9,012 179,098 SH   SOLE   161,975 0 17,123
AMERICAN CAMPUS CMNTYS COM COM 024835100 2,969 62,765 SH   SOLE   62,765 0 0
AMERICAN EXPRESS CO COM COM 025816109 4,898 58,148 SH   SOLE   51,828 0 6,320
APPLE COMPUTER COM 037833100 14,218 98,725 SH   SOLE   88,621 0 10,104
ASPEN INSURANCE HOLDINGS LTD COM g05384105 6,536 131,105 SH   SOLE   114,147 0 16,958
BAKER HUGHES INC COM COM 057224107 274 5,025 SH   SOLE   5,025 0 0
BEAZER HOMES USA INC COM NEW COM 07556Q881 6,336 461,832 SH   SOLE   390,309 0 71,523
BERKSHIRE HATHAWAY INC CL B COM 084670702 212 1,250 SH   SOLE   1,250 0 0
BIG LOTS INC COM COM 089302103 6,602 136,693 SH   SOLE   122,820 0 13,873
BIO-RAD LABORATORIES COM 090572207 6,164 27,235 SH   SOLE   24,563 0 2,672
BIOELECTRONICS CORP COM COM 09062H108 0 60,000 SH   SOLE   60,000 0 0
BP PLC SPONSORED ADR COM 055622104 326 9,398 SH   SOLE   9,398 0 0
BRAVO BRIO RESTAURANT COM COM 10567b109 260 56,579 SH   SOLE   56,579 0 0
BRISTOL-MYERS SQUIBB CO COM COM 110122108 368 6,606 SH   SOLE   6,606 0 0
BRISTOW GROUP INC COM 110394103 100 13,075 SH   SOLE   13,075 0 0
BROOKDALE SR LIVING COM COM 112463104 4,330 294,331 SH   SOLE   260,186 0 34,145
CATERPILLAR INC DEL COM COM 149123101 338 3,150 SH   SOLE   3,150 0 0
CHEVRON CORP NEW COM COM 166764100 1,624 15,570 SH   SOLE   15,570 0 0
CISCO SYS INC COM COM 17275R102 6,575 210,066 SH   SOLE   190,503 0 19,563
COHEN & STEERS INC COM COM 19247A100 10,143 250,195 SH   SOLE   225,012 0 25,183
COLGATE PALMOLIVE CO COM COM 194162103 356 4,800 SH   SOLE   4,800 0 0
COMCAST CORP COM CL A COM 20030N101 13,806 354,728 SH   SOLE   315,277 0 39,451
DELL TECHNOLOGIES INC COM CL V COM 24703l103 5,339 87,366 SH   SOLE   77,787 0 9,579
EOG RES INC COM COM 26875P101 7,044 77,815 SH   SOLE   70,571 0 7,244
ESTEE LAUDER COS INC COM COM 518439104 9,013 93,909 SH   SOLE   81,683 0 12,226
EXXON CORP COM COM 30231G102 971 12,033 SH   SOLE   12,033 0 0
FEC RESOURCES INC COM COM 30246x108 0 170,600 SH   SOLE   170,600 0 0
FOREST CITY ENTERPRISES INC CO COM 345605109 13,101 542,022 SH   SOLE   479,628 0 62,394
FOSSIL GROUP COM 34988V106 3,235 312,518 SH   SOLE   275,518 0 37,000
FRANKLIN RES INC COM COM 354613101 6,316 141,015 SH   SOLE   128,725 0 12,290
GATX CORP COM COM 361448103 8,586 133,594 SH   SOLE   118,856 0 14,738
GENERAL ELEC CO COM COM 369604103 7,802 288,870 SH   SOLE   252,127 0 36,743
HAWAIIAN HOLDINGS INC COM COM 419879101 566 12,050 SH   SOLE   12,050 0 0
HP INC COM 40434L105 5,522 315,889 SH   SOLE   283,054 0 32,835
HUDSON PACIFIC PROPERTIES COM 444097109 462 13,525 SH   SOLE   13,525 0 0
HYSTER YALE MATLS HAND CL A COM 449172105 7,518 107,019 SH   SOLE   92,722 0 14,297
INTEL CORP COM COM 458140100 8,390 248,657 SH   SOLE   217,666 0 30,991
INTERNATIONAL BUS MACH COM COM 459200101 415 2,695 SH   SOLE   2,695 0 0
J P MORGAN CHASE & CO COM COM 46625H100 10,493 114,805 SH   SOLE   102,743 0 12,062
JOHNSON & JOHNSON COM COM 478160104 8,666 65,510 SH   SOLE   58,039 0 7,471
KAISER ALUMINUM CORP COM PAR $ COM 483007704 9,992 112,873 SH   SOLE   97,323 0 15,550
KIMBERLY CLARK CORP COM COM 494368103 482 3,731 SH   SOLE   3,731 0 0
KLX INC. COM 482539103 9,241 184,815 SH   SOLE   159,429 0 25,386
KULICKE AND SOFFA INDUSTRIES I COM 501242101 207 10,865 SH   SOLE   10,865 0 0
LILLY ELI & CO COM COM 532457108 5,596 68,001 SH   SOLE   60,947 0 7,054
LKQ CORP COM COM 501889208 11,550 350,523 SH   SOLE   300,548 0 49,975
LOEWS CORP COM COM 540424108 2,368 50,594 SH   SOLE   50,594 0 0
LULULEMON ATHLETICA IN COM COM 550021109 6,518 109,226 SH   SOLE   95,176 0 14,050
MAGELLAN MIDSTREAM PRT COM UNI COM 559080106 475 6,660 SH   SOLE   6,660 0 0
MARCHEX INC CL B COM 56624r108 3,441 1,154,535 SH   SOLE   1,017,841 0 136,694
MERCK & CO INC NEW COM COM 58933Y105 8,845 138,015 SH   SOLE   120,744 0 17,271
MOELIS & COMPANY COM 60786M105 7,795 200,646 SH   SOLE   178,896 0 21,750
MONDELEZ INTL INC COM 609207105 246 5,696 SH   SOLE   5,696 0 0
MRC GLOBAL INC COM COM 55345K103 254 15,385 SH   SOLE   15,385 0 0
NEWFIELD EXPL CO COM COM 651290108 4,279 150,359 SH   SOLE   133,440 0 16,919
NOBILIS HEALTH CORP COM 65500B103 1,518 799,070 SH   SOLE   719,070 0 80,000
NORDSON CORP COM COM 655663102 13,990 115,313 SH   SOLE   103,472 0 11,841
NORDSTROM INC COM COM 655664100 5,588 116,840 SH   SOLE   103,649 0 13,191
NORWEGIAN CRUISE LINE HOLDINGS COM G66721104 7,507 138,269 SH   SOLE   122,371 0 15,898
NOVAPET PRODUCTS INC COM COM 669875106 0 12,000 SH   SOLE   12,000 0 0
OMNOVA SOLUTIONS INC COM COM 682129101 10,876 1,115,482 SH   SOLE   1,008,596 0 106,886
ORACLE CORP COM COM 68389X105 10,609 211,583 SH   SOLE   184,979 0 26,604
PFIZER INC COM COM 717081103 642 19,111 SH   SOLE   19,111 0 0
PHILIP MORRIS INTL INC COM COM 718172109 1,455 12,388 SH   SOLE   12,388 0 0
PROCTER & GAMBLE CO COM COM 742718109 408 4,679 SH   SOLE   4,679 0 0
PROGRESSIVE CORP OHIO COM COM 743315103 1,237 28,050 SH   SOLE   28,050 0 0
PULTE GROUP INC COM COM 745867101 16,968 691,733 SH   SOLE   602,118 0 89,615
RPM INC OHIO COM COM 749685103 421 7,722 SH   SOLE   7,722 0 0
SCHLUMBERGER LTD COM COM 806857108 6,786 103,061 SH   SOLE   91,016 0 12,045
SCHWAB CHARLES CORP NEW COM COM 808513105 16,360 380,808 SH   SOLE   330,617 0 50,191
SIMON PPTY GROUP NEW COM COM 828806109 8,029 49,636 SH   SOLE   44,022 0 5,614
SKYWORKS SOLUTIONS INC COM COM 83088m102 13,700 142,785 SH   SOLE   125,421 0 17,364
STARBUCKS CORP COM COM 855244109 1,209 20,729 SH   SOLE   20,729 0 0
STEM CELL AUTH LTD COM 85857c108 0 10,000 SH   SOLE   10,000 0 0
SVB FINL GROUP COM COM 78486q101 8,104 46,102 SH   SOLE   38,537 0 7,565
TENET HEALTHCARE CORP COM COM 88033g407 4,453 230,250 SH   SOLE   211,785 0 18,465
TERADYNE INC COM COM 880770102 10,023 333,773 SH   SOLE   288,088 0 45,685
TETRA TECH INC NEW COM COM 88162G103 8,049 175,925 SH   SOLE   161,598 0 14,327
TIME WARNER INC COM COM 887317303 5,995 59,705 SH   SOLE   53,304 0 6,401
TIMKEN CO COM COM 887389104 277 5,980 SH   SOLE   5,980 0 0
TRANSOCEAN INC COM COM H8817H100 1,291 156,893 SH   SOLE   146,291 0 10,602
UNITED NAT FOOD INC COM COM 911163103 7,793 212,351 SH   SOLE   185,598 0 26,753
UNITED TECHNOLOGIES COM 913017109 201 1,648 SH   SOLE   1,648 0 0
VISA INC COM CL A COM 92826c839 239 2,550 SH   SOLE   2,550 0 0
WALT DISNEY CO COM COM 254687106 8,267 77,803 SH   SOLE   68,640 0 9,163
WELLS FARGO & CO NEW COM COM 949746101 8,609 155,365 SH   SOLE   136,216 0 19,149
WEYERHAEUSER CO COM COM 962166104 9,684 289,061 SH   SOLE   251,341 0 37,720
WYNDHAM WORLDWIDE CORP COM COM 98310W108 8,524 84,888 SH   SOLE   75,321 0 9,567
LAZARD EMERGING MARKETS EQUITY MEUS 52106N392 346 30,288 SH   SOLE   30,288 0 0
LAZARD FDS INC EMERG MKT RETL MEUS 52106n764 2,454 132,796 SH   SOLE   132,796 0 0
LAZARD FDS INC EMKTS EQBL OPN MEUS 52106N418 1,020 89,378 SH   SOLE   89,378 0 0