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 22,037 747,264 SH   SOLE   669,095 0 78,169
ALTRIA GROUP INC COM COM 02209s103 386 6,794 SH   SOLE   6,794 0 0
AMAZON COM INC COM COM 023135106 219 129 SH   SOLE   129 0 0
AMERICAN AIRLS GRP INC COM COM 02376r102 6,668 175,668 SH   SOLE   156,545 0 19,123
AMERICAN EXPRESS CO COM COM 025816109 5,537 56,496 SH   SOLE   51,176 0 5,320
AMGEN INC COM COM 031162100 5,196 28,149 SH   SOLE   25,149 0 3,000
APPLE COMPUTER COM 037833100 18,035 97,430 SH   SOLE   88,326 0 9,104
ASPEN INSURANCE HOLDINGS LTD COM g05384105 6,817 167,489 SH   SOLE   148,531 0 18,958
AT&T INC COM COM 00206r102 2,842 88,497 SH   SOLE   79,299 0 9,198
BEAZER HOMES USA INC COM NEW COM 07556Q881 7,840 531,542 SH   SOLE   455,019 0 76,523
BERKSHIRE HATHAWAY INC CL B COM 084670702 558 2,988 SH   SOLE   2,988 0 0
BIG LOTS INC COM COM 089302103 2,595 62,112 SH   SOLE   62,112 0 0
BIO-RAD LABORATORIES COM 090572207 8,159 28,276 SH   SOLE   24,604 0 3,672
BOEING COM 097023105 299 890 SH   SOLE   890 0 0
BP PLC SPONSORED ADR COM 055622104 429 9,398 SH   SOLE   9,398 0 0
BRISTOL-MYERS SQUIBB CO COM COM 110122108 310 5,606 SH   SOLE   5,606 0 0
BRISTOW GROUP INC COM 110394103 144 10,215 SH   SOLE   10,215 0 0
CATERPILLAR INC DEL COM COM 149123101 452 3,330 SH   SOLE   3,330 0 0
CHEVRON CORP NEW COM COM 166764100 1,869 14,784 SH   SOLE   14,784 0 0
CISCO SYS INC COM COM 17275R102 8,762 203,633 SH   SOLE   184,070 0 19,563
COHEN & STEERS INC COM COM 19247A100 9,856 236,292 SH   SOLE   211,109 0 25,183
COLGATE PALMOLIVE CO COM COM 194162103 311 4,800 SH   SOLE   4,800 0 0
COMCAST CORP COM CL A COM 20030N101 10,838 330,335 SH   SOLE   293,884 0 36,451
DELL TECHNOLOGIES INC COM CL V COM 24703l103 7,393 87,411 SH   SOLE   77,832 0 9,579
EOG RES INC COM COM 26875P101 9,380 75,380 SH   SOLE   68,136 0 7,244
ESTEE LAUDER COS INC COM COM 518439104 11,015 77,193 SH   SOLE   67,967 0 9,226
EXXON CORP COM COM 30231G102 892 10,781 SH   SOLE   10,781 0 0
FEC RESOURCES INC COM COM 30246x108 4 170,600 SH   SOLE   170,600 0 0
FLUOR CORP COM COM 343412102 5,046 103,446 SH   SOLE   90,636 0 12,810
FOREST CITY ENTERPRISES INC CO COM 345605109 11,441 501,599 SH   SOLE   444,205 0 57,394
FOSSIL GROUP COM 34988V106 9,552 355,493 SH   SOLE   314,493 0 41,000
FRANKLIN RES INC COM COM 354613101 2,390 74,557 SH   SOLE   74,557 0 0
GATX CORP COM COM 361448103 9,101 122,601 SH   SOLE   109,863 0 12,738
GENERAL ELEC CO COM COM 369604103 4,200 308,566 SH   SOLE   266,823 0 41,743
HAWAIIAN HOLDINGS INC COM COM 419879101 228 6,355 SH   SOLE   6,355 0 0
HP INC COM 40434L105 5,628 248,060 SH   SOLE   221,225 0 26,835
HUDSON PACIFIC PROPERTIES COM 444097109 5,099 143,908 SH   SOLE   108,908 0 35,000
HYSTER YALE MATLS HAND CL A COM 449172105 6,516 101,418 SH   SOLE   87,121 0 14,297
INNOVEST GLOBAL INC COM COM 45781q102 2 10,000 SH   SOLE   10,000 0 0
INTEL CORP COM COM 458140100 12,945 260,417 SH   SOLE   222,426 0 37,991
INTERNATIONAL BUS MACH COM COM 459200101 224 1,605 SH   SOLE   1,605 0 0
J P MORGAN CHASE & CO COM COM 46625H100 11,843 113,654 SH   SOLE   100,092 0 13,562
JOHNSON & JOHNSON COM COM 478160104 7,585 62,507 SH   SOLE   56,036 0 6,471
KAISER ALUMINUM CORP COM PAR $ COM 483007704 10,982 105,487 SH   SOLE   92,937 0 12,550
KIMBERLY CLARK CORP COM COM 494368103 337 3,195 SH   SOLE   3,195 0 0
KLX INC. COM 482539103 12,607 175,342 SH   SOLE   151,956 0 23,386
LILLY ELI & CO COM COM 532457108 5,775 67,682 SH   SOLE   60,628 0 7,054
LKQ CORP COM COM 501889208 10,565 331,193 SH   SOLE   288,218 0 42,975
LOEWS CORP COM COM 540424108 2,332 48,300 SH   SOLE   48,300 0 0
LULULEMON ATHLETICA IN COM COM 550021109 13,768 110,275 SH   SOLE   94,225 0 16,050
MAGELLAN MIDSTREAM PRT COM UNI COM 559080106 313 4,530 SH   SOLE   4,530 0 0
MARCHEX INC CL B COM 56624r108 3,181 1,039,568 SH   SOLE   902,874 0 136,694
MERCK & CO INC NEW COM COM 58933Y105 8,358 137,700 SH   SOLE   120,429 0 17,271
MOELIS & COMPANY COM 60786M105 11,980 204,268 SH   SOLE   178,518 0 25,750
MONDELEZ INTL INC COM 609207105 234 5,696 SH   SOLE   5,696 0 0
MRC GLOBAL INC COM COM 55345K103 238 10,980 SH   SOLE   10,980 0 0
NEWFIELD EXPL CO COM COM 651290108 4,912 162,369 SH   SOLE   136,450 0 25,919
NORDSON CORP COM COM 655663102 13,469 104,891 SH   SOLE   94,050 0 10,841
NORDSTROM INC COM COM 655664100 6,230 120,309 SH   SOLE   107,118 0 13,191
NORWEGIAN CRUISE LINE HOLDINGS COM G66721104 6,469 136,900 SH   SOLE   121,002 0 15,898
NOVAPET PRODUCTS INC COM COM 669875106 0 12,000 SH   SOLE   12,000 0 0
OMNOVA SOLUTIONS INC COM COM 682129101 11,049 1,062,425 SH   SOLE   935,539 0 126,886
ORACLE CORP COM COM 68389X105 9,173 208,196 SH   SOLE   184,592 0 23,604
PFIZER INC COM COM 717081103 693 19,111 SH   SOLE   19,111 0 0
PHILIP MORRIS INTL INC COM COM 718172109 976 12,088 SH   SOLE   12,088 0 0
PROCTER & GAMBLE CO COM COM 742718109 320 4,096 SH   SOLE   4,096 0 0
PROGRESSIVE CORP OHIO COM COM 743315103 1,168 19,750 SH   SOLE   19,750 0 0
PULTE GROUP INC COM COM 745867101 18,034 627,257 SH   SOLE   556,642 0 70,615
RPM INC OHIO COM COM 749685103 321 5,500 SH   SOLE   5,500 0 0
SCHLUMBERGER LTD COM COM 806857108 7,175 107,046 SH   SOLE   94,001 0 13,045
SCHWAB CHARLES CORP NEW COM COM 808513105 17,345 339,427 SH   SOLE   293,236 0 46,191
SIMON PPTY GROUP NEW COM COM 828806109 8,665 50,915 SH   SOLE   45,301 0 5,614
SKYWORKS SOLUTIONS INC COM COM 83088m102 13,051 135,035 SH   SOLE   117,671 0 17,364
STARBUCKS CORP COM COM 855244109 547 11,191 SH   SOLE   11,191 0 0
STEM CELL AUTH LTD COM 85857c108 0 10,000 SH   SOLE   10,000 0 0
SVB FINL GROUP COM COM 78486q101 14,141 48,973 SH   SOLE   41,408 0 7,565
TENET HEALTHCARE CORP COM COM 88033g407 8,004 238,418 SH   SOLE   203,953 0 34,465
TERADYNE INC COM COM 880770102 11,685 306,929 SH   SOLE   266,244 0 40,685
TETRA TECH INC NEW COM COM 88162G103 9,732 166,356 SH   SOLE   152,029 0 14,327
TRANSOCEAN INC COM COM H8817H100 1,745 129,871 SH   SOLE   119,269 0 10,602
ULTA BEAUTY, INC COM 90384S303 5,264 22,549 SH   SOLE   19,879 0 2,670
UNITED NAT FOOD INC COM COM 911163103 9,015 211,330 SH   SOLE   180,577 0 30,753
UNITED TECHNOLOGIES COM 913017109 206 1,648 SH   SOLE   1,648 0 0
VERIZON COMMUNICATIONS COM COM 92343V104 214 4,258 SH   SOLE   4,258 0 0
VISA INC COM CL A COM 92826c839 338 2,550 SH   SOLE   2,550 0 0
WALT DISNEY CO COM COM 254687106 7,921 75,578 SH   SOLE   66,415 0 9,163
WELLS FARGO & CO NEW COM COM 949746101 8,497 153,267 SH   SOLE   134,118 0 19,149
WEYERHAEUSER CO COM COM 962166104 9,927 272,281 SH   SOLE   240,561 0 31,720
WYNDHAM DESTINATIONS INC COM COM 98310W108 3,283 74,159 SH   SOLE   65,792 0 8,367
WYNDHAM HOTELS & RESORTS INC C COM 98311A105 4,363 74,157 SH   SOLE   65,790 0 8,367
LAZARD EMERGING MARKETS EQUITY MEUS 52106N392 476 40,858 SH   SOLE   40,858 0 0
LAZARD FDS INC EMERG MKT RETL MEUS 52106n764 2,322 128,060 SH   SOLE   128,060 0 0
LAZARD FDS INC EMKTS EQBL OPN MEUS 52106N418 1,150 98,765 SH   SOLE   98,765 0 0