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 28,677 819,107 SH   SOLE   718,938 0 100,169
ALTRIA GROUP INC COM COM 02209s103 471 7,419 SH   SOLE   7,419 0 0
AMERICAN AIRLS GRP INC COM COM 02376r102 8,438 177,683 SH   SOLE   158,560 0 19,123
AMERICAN CAMPUS CMNTYS COM COM 024835100 1,993 45,150 SH   SOLE   45,150 0 0
AMERICAN EXPRESS CO COM COM 025816109 5,210 57,594 SH   SOLE   51,274 0 6,320
APPLE COMPUTER COM 037833100 15,083 97,867 SH   SOLE   87,763 0 10,104
ASPEN INSURANCE HOLDINGS LTD COM g05384105 5,543 137,197 SH   SOLE   118,239 0 18,958
BEAZER HOMES USA INC COM NEW COM 07556Q881 8,783 468,657 SH   SOLE   392,134 0 76,523
BERKSHIRE HATHAWAY INC CL B COM 084670702 257 1,400 SH   SOLE   1,400 0 0
BIG LOTS INC COM COM 089302103 7,282 135,943 SH   SOLE   122,070 0 13,873
BIO-RAD LABORATORIES COM 090572207 5,984 26,930 SH   SOLE   24,258 0 2,672
BIOELECTRONICS CORP COM COM 09062H108 0 60,000 SH   SOLE   60,000 0 0
BOEING COM 097023105 254 1,000 SH   SOLE   1,000 0 0
BP PLC SPONSORED ADR COM 055622104 361 9,398 SH   SOLE   9,398 0 0
BRAVO BRIO RESTAURANT COM COM 10567b109 139 61,079 SH   SOLE   61,079 0 0
BRISTOL-MYERS SQUIBB CO COM COM 110122108 357 5,606 SH   SOLE   5,606 0 0
BRISTOW GROUP INC COM 110394103 156 16,670 SH   SOLE   16,670 0 0
BROOKDALE SR LIVING COM COM 112463104 1,205 113,671 SH   SOLE   92,526 0 21,145
CATERPILLAR INC DEL COM COM 149123101 393 3,150 SH   SOLE   3,150 0 0
CHEVRON CORP NEW COM COM 166764100 1,787 15,205 SH   SOLE   15,205 0 0
CISCO SYS INC COM COM 17275R102 6,836 203,266 SH   SOLE   183,703 0 19,563
COHEN & STEERS INC COM COM 19247A100 9,702 245,679 SH   SOLE   220,496 0 25,183
COLGATE PALMOLIVE CO COM COM 194162103 350 4,800 SH   SOLE   4,800 0 0
COMCAST CORP COM CL A COM 20030N101 13,399 348,211 SH   SOLE   308,760 0 39,451
DDR CORP COM COM 23317h102 189 20,665 SH   SOLE   20,665 0 0
DELL TECHNOLOGIES INC COM CL V COM 24703l103 6,717 86,999 SH   SOLE   77,420 0 9,579
EOG RES INC COM COM 26875P101 7,289 75,345 SH   SOLE   68,101 0 7,244
ESTEE LAUDER COS INC COM COM 518439104 10,009 92,809 SH   SOLE   80,583 0 12,226
EXXON CORP COM COM 30231G102 960 11,713 SH   SOLE   11,713 0 0
FEC RESOURCES INC COM COM 30246x108 1 170,600 SH   SOLE   170,600 0 0
FOREST CITY ENTERPRISES INC CO COM 345605109 13,410 525,670 SH   SOLE   463,276 0 62,394
FOSSIL GROUP COM 34988V106 3,803 407,653 SH   SOLE   360,653 0 47,000
FRANKLIN RES INC COM COM 354613101 6,051 135,958 SH   SOLE   123,668 0 12,290
GATX CORP COM COM 361448103 8,041 130,621 SH   SOLE   115,883 0 14,738
GENERAL ELEC CO COM COM 369604103 6,997 289,383 SH   SOLE   252,640 0 36,743
HAWAIIAN HOLDINGS INC COM COM 419879101 452 12,050 SH   SOLE   12,050 0 0
HP INC COM 40434L105 6,208 311,019 SH   SOLE   278,184 0 32,835
HUDSON PACIFIC PROPERTIES COM 444097109 2,942 87,757 SH   SOLE   52,757 0 35,000
HYSTER YALE MATLS HAND CL A COM 449172105 7,997 104,613 SH   SOLE   90,316 0 14,297
INTEL CORP COM COM 458140100 9,458 248,371 SH   SOLE   217,380 0 30,991
INTERNATIONAL BUS MACH COM COM 459200101 329 2,265 SH   SOLE   2,265 0 0
J P MORGAN CHASE & CO COM COM 46625H100 10,913 114,263 SH   SOLE   100,701 0 13,562
JOHNSON & JOHNSON COM COM 478160104 8,410 64,686 SH   SOLE   57,215 0 7,471
KAISER ALUMINUM CORP COM PAR $ COM 483007704 11,518 111,673 SH   SOLE   96,123 0 15,550
KIMBERLY CLARK CORP COM COM 494368103 439 3,731 SH   SOLE   3,731 0 0
KLX INC. COM 482539103 9,769 184,562 SH   SOLE   159,176 0 25,386
KULICKE AND SOFFA INDUSTRIES I COM 501242101 234 10,865 SH   SOLE   10,865 0 0
LILLY ELI & CO COM COM 532457108 5,728 66,964 SH   SOLE   59,910 0 7,054
LKQ CORP COM COM 501889208 12,414 344,921 SH   SOLE   296,946 0 47,975
LOEWS CORP COM COM 540424108 2,374 49,594 SH   SOLE   49,594 0 0
LULULEMON ATHLETICA IN COM COM 550021109 6,825 109,632 SH   SOLE   95,582 0 14,050
MAGELLAN MIDSTREAM PRT COM UNI COM 559080106 365 5,130 SH   SOLE   5,130 0 0
MARCHEX INC CL B COM 56624r108 3,488 1,128,923 SH   SOLE   992,229 0 136,694
MERCK & CO INC NEW COM COM 58933Y105 8,733 136,383 SH   SOLE   119,112 0 17,271
MOELIS & COMPANY COM 60786M105 8,905 206,861 SH   SOLE   181,111 0 25,750
MONDELEZ INTL INC COM 609207105 232 5,696 SH   SOLE   5,696 0 0
MRC GLOBAL INC COM COM 55345K103 269 15,385 SH   SOLE   15,385 0 0
NEWFIELD EXPL CO COM COM 651290108 4,548 153,279 SH   SOLE   132,360 0 20,919
NOBILIS HEALTH CORP COM 65500B103 1,190 793,531 SH   SOLE   713,531 0 80,000
NORDSON CORP COM COM 655663102 13,452 113,516 SH   SOLE   101,675 0 11,841
NORDSTROM INC COM COM 655664100 5,461 115,824 SH   SOLE   102,633 0 13,191
NORWEGIAN CRUISE LINE HOLDINGS COM G66721104 7,406 137,023 SH   SOLE   121,125 0 15,898
NOVAPET PRODUCTS INC COM COM 669875106 0 12,000 SH   SOLE   12,000 0 0
OMNOVA SOLUTIONS INC COM COM 682129101 12,050 1,100,423 SH   SOLE   993,537 0 106,886
ORACLE CORP COM COM 68389X105 10,134 209,604 SH   SOLE   183,000 0 26,604
PFIZER INC COM COM 717081103 682 19,111 SH   SOLE   19,111 0 0
PHILIP MORRIS INTL INC COM COM 718172109 1,375 12,388 SH   SOLE   12,388 0 0
PROCTER & GAMBLE CO COM COM 742718109 423 4,654 SH   SOLE   4,654 0 0
PROGRESSIVE CORP OHIO COM COM 743315103 1,143 23,600 SH   SOLE   23,600 0 0
PULTE GROUP INC COM COM 745867101 18,682 683,561 SH   SOLE   593,946 0 89,615
RPM INC OHIO COM COM 749685103 396 7,722 SH   SOLE   7,722 0 0
SCHLUMBERGER LTD COM COM 806857108 7,111 101,935 SH   SOLE   89,890 0 12,045
SCHWAB CHARLES CORP NEW COM COM 808513105 16,420 375,390 SH   SOLE   325,199 0 50,191
SIMON PPTY GROUP NEW COM COM 828806109 8,034 49,898 SH   SOLE   44,284 0 5,614
SKYWORKS SOLUTIONS INC COM COM 83088m102 14,112 138,488 SH   SOLE   121,124 0 17,364
STARBUCKS CORP COM COM 855244109 796 14,824 SH   SOLE   14,824 0 0
STEM CELL AUTH LTD COM 85857c108 0 10,000 SH   SOLE   10,000 0 0
SVB FINL GROUP COM COM 78486q101 9,027 48,252 SH   SOLE   40,687 0 7,565
TENET HEALTHCARE CORP COM COM 88033g407 4,177 254,247 SH   SOLE   219,782 0 34,465
TERADYNE INC COM COM 880770102 12,250 328,504 SH   SOLE   282,819 0 45,685
TETRA TECH INC NEW COM COM 88162G103 8,028 172,452 SH   SOLE   158,125 0 14,327
TIME WARNER INC COM COM 887317303 6,066 59,213 SH   SOLE   52,812 0 6,401
TIMKEN CO COM COM 887389104 290 5,980 SH   SOLE   5,980 0 0
TRANSOCEAN INC COM COM H8817H100 1,531 142,278 SH   SOLE   131,676 0 10,602
UNITED NAT FOOD INC COM COM 911163103 8,567 205,981 SH   SOLE   179,228 0 26,753
VERIZON COMMUNICATIONS COM COM 92343V104 221 4,458 SH   SOLE   4,458 0 0
VISA INC COM CL A COM 92826c839 268 2,550 SH   SOLE   2,550 0 0
WALT DISNEY CO COM COM 254687106 7,542 76,519 SH   SOLE   67,356 0 9,163
WELLS FARGO & CO NEW COM COM 949746101 8,436 152,961 SH   SOLE   133,812 0 19,149
WEYERHAEUSER CO COM COM 962166104 9,674 284,285 SH   SOLE   246,565 0 37,720
WYNDHAM WORLDWIDE CORP COM COM 98310W108 8,678 82,330 SH   SOLE   72,763 0 9,567
LAZARD EMERGING MARKETS EQUITY MEUS 52106N392 415 33,495 SH   SOLE   33,495 0 0
LAZARD FDS INC EMERG MKT RETL MEUS 52106n764 2,513 127,941 SH   SOLE   127,941 0 0
LAZARD FDS INC EMKTS EQBL OPN MEUS 52106N418 1,123 90,693 SH   SOLE   90,693 0 0