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 24,660 725,508 SH   SOLE   651,639 0 73,869
AMAZON COM INC COM COM 023135106 559 279 SH   SOLE   279 0 0
AMERICAN AIRLS GRP INC COM COM 02376r102 7,156 173,139 SH   SOLE   155,066 0 18,073
AMERICAN EXPRESS CO COM COM 025816109 5,882 55,232 SH   SOLE   50,202 0 5,030
AMGEN INC COM COM 031162100 5,838 28,163 SH   SOLE   25,333 0 2,830
APPLE COMPUTER COM 037833100 21,746 96,330 SH   SOLE   87,726 0 8,604
ASPEN INSURANCE HOLDINGS LTD COM g05384105 7,040 168,429 SH   SOLE   150,511 0 17,918
AT&T INC COM COM 00206r102 3,904 116,249 SH   SOLE   107,561 0 8,688
BEAZER HOMES USA INC COM NEW COM 07556Q881 5,740 546,712 SH   SOLE   474,399 0 72,313
BERKSHIRE HATHAWAY INC CL B COM 084670702 642 2,998 SH   SOLE   2,998 0 0
BIG LOTS INC COM COM 089302103 3,158 75,562 SH   SOLE   75,562 0 0
BIO-RAD LABORATORIES COM 090572207 8,716 27,847 SH   SOLE   24,375 0 3,472
BOEING COM 097023105 331 890 SH   SOLE   890 0 0
BP PLC SPONSORED ADR COM 055622104 433 9,398 SH   SOLE   9,398 0 0
BRISTOL-MYERS SQUIBB CO COM COM 110122108 336 5,406 SH   SOLE   5,406 0 0
BRISTOW GROUP INC COM 110394103 125 10,315 SH   SOLE   10,315 0 0
CATERPILLAR INC DEL COM COM 149123101 355 2,330 SH   SOLE   2,330 0 0
CHEVRON CORP NEW COM COM 166764100 1,721 14,074 SH   SOLE   14,074 0 0
CISCO SYS INC COM COM 17275R102 9,849 202,448 SH   SOLE   183,965 0 18,483
COHEN & STEERS INC COM COM 19247A100 9,377 230,905 SH   SOLE   207,112 0 23,793
COLGATE PALMOLIVE CO COM COM 194162103 321 4,800 SH   SOLE   4,800 0 0
COMCAST CORP COM CL A COM 20030N101 11,543 325,969 SH   SOLE   291,528 0 34,441
DELL TECHNOLOGIES INC COM CL V COM 24703l103 8,351 85,981 SH   SOLE   76,932 0 9,049
EOG RES INC COM COM 26875P101 9,435 73,958 SH   SOLE   67,114 0 6,844
ESTEE LAUDER COS INC COM COM 518439104 10,929 75,206 SH   SOLE   66,490 0 8,716
EXXON CORP COM COM 30231G102 895 10,531 SH   SOLE   10,531 0 0
FEC RESOURCES INC COM COM 30246x108 2 170,600 SH   SOLE   170,600 0 0
FLUOR CORP COM COM 343412102 6,127 105,462 SH   SOLE   93,362 0 12,100
FOREST CITY ENTERPRISES INC CO COM 345605109 9,591 382,271 SH   SOLE   382,271 0 0
FOSSIL GROUP COM 34988V106 10,793 463,598 SH   SOLE   396,508 0 67,090
FRANKLIN RES INC COM COM 354613101 1,460 48,010 SH   SOLE   48,010 0 0
GATX CORP COM COM 361448103 9,889 114,206 SH   SOLE   102,168 0 12,038
GENERAL ELEC CO COM COM 369604103 3,042 269,469 SH   SOLE   230,026 0 39,443
HAWAIIAN HOLDINGS INC COM COM 419879101 255 6,355 SH   SOLE   6,355 0 0
HP INC COM 40434L105 6,093 236,425 SH   SOLE   211,070 0 25,355
HUDSON PACIFIC PROPERTIES COM 444097109 5,022 153,495 SH   SOLE   120,425 0 33,070
HYSTER YALE MATLS HAND CL A COM 449172105 6,180 100,433 SH   SOLE   86,926 0 13,507
INNOVEST GLOBAL INC COM COM 45781q102 2 10,000 SH   SOLE   10,000 0 0
INTEL CORP COM COM 458140100 12,047 254,755 SH   SOLE   218,854 0 35,901
INTERNATIONAL BUS MACH COM COM 459200101 213 1,411 SH   SOLE   1,411 0 0
J P MORGAN CHASE & CO COM COM 46625H100 12,702 112,566 SH   SOLE   99,754 0 12,812
JOHNSON & JOHNSON COM COM 478160104 8,493 61,464 SH   SOLE   55,353 0 6,111
KAISER ALUMINUM CORP COM PAR $ COM 483007704 11,385 104,393 SH   SOLE   92,533 0 11,860
KIMBERLY CLARK CORP COM COM 494368103 238 2,095 SH   SOLE   2,095 0 0
KLX ENERGY SVCS HLDGS COM 48253L106 2,446 76,427 SH   SOLE   67,593 0 8,834
KLX INC. COM 482539103 10,772 171,579 SH   SOLE   149,483 0 22,096
LILLY ELI & CO COM COM 532457108 7,225 67,332 SH   SOLE   60,668 0 6,664
LKQ CORP COM COM 501889208 10,313 325,639 SH   SOLE   285,034 0 40,605
LOEWS CORP COM COM 540424108 2,426 48,300 SH   SOLE   48,300 0 0
LULULEMON ATHLETICA IN COM COM 550021109 16,282 100,202 SH   SOLE   87,872 0 12,330
MAGELLAN MIDSTREAM PRT COM UNI COM 559080106 212 3,130 SH   SOLE   3,130 0 0
MARCHEX INC CL B COM 56624r108 2,794 1,004,901 SH   SOLE   875,737 0 129,164
MERCK & CO INC NEW COM COM 58933Y105 9,554 134,673 SH   SOLE   118,352 0 16,321
MOELIS & COMPANY COM 60786M105 11,101 202,573 SH   SOLE   178,243 0 24,330
MONDELEZ INTL INC COM 609207105 205 4,783 SH   SOLE   4,783 0 0
MRC GLOBAL INC COM COM 55345K103 206 10,980 SH   SOLE   10,980 0 0
NEWFIELD EXPL CO COM COM 651290108 4,951 171,719 SH   SOLE   147,230 0 24,489
NORDSON CORP COM COM 655663102 14,241 102,523 SH   SOLE   92,282 0 10,241
NORDSTROM INC COM COM 655664100 7,027 117,494 SH   SOLE   105,033 0 12,461
NORWEGIAN CRUISE LINE HOLDINGS COM G66721104 7,710 134,255 SH   SOLE   119,237 0 15,018
NOVAPET PRODUCTS INC COM COM 669875106 0 12,000 SH   SOLE   12,000 0 0
OMNOVA SOLUTIONS INC COM COM 682129101 10,483 1,064,304 SH   SOLE   944,408 0 119,896
ORACLE CORP COM COM 68389X105 10,591 205,414 SH   SOLE   183,110 0 22,304
PFIZER INC COM COM 717081103 523 11,862 SH   SOLE   11,862 0 0
PHILIP MORRIS INTL INC COM COM 718172109 585 7,178 SH   SOLE   7,178 0 0
PROCTER & GAMBLE CO COM COM 742718109 317 3,804 SH   SOLE   3,804 0 0
PROGRESSIVE CORP OHIO COM COM 743315103 1,403 19,750 SH   SOLE   19,750 0 0
PULTE GROUP INC COM COM 745867101 15,071 608,420 SH   SOLE   541,695 0 66,725
RPM INC OHIO COM COM 749685103 357 5,500 SH   SOLE   5,500 0 0
SCHLUMBERGER LTD COM COM 806857108 6,618 108,639 SH   SOLE   96,314 0 12,325
SCHWAB CHARLES CORP NEW COM COM 808513105 16,274 331,099 SH   SOLE   287,448 0 43,651
SIMON PPTY GROUP NEW COM COM 828806109 8,899 50,350 SH   SOLE   45,046 0 5,304
SKYWORKS SOLUTIONS INC COM COM 83088m102 12,039 132,716 SH   SOLE   116,312 0 16,404
STARBUCKS CORP COM COM 855244109 620 10,916 SH   SOLE   10,916 0 0
STEM CELL AUTH LTD COM 85857c108 0 10,000 SH   SOLE   10,000 0 0
SVB FINL GROUP COM COM 78486q101 15,159 48,771 SH   SOLE   41,626 0 7,145
TENET HEALTHCARE CORP COM COM 88033g407 6,629 232,936 SH   SOLE   200,371 0 32,565
TERADYNE INC COM COM 880770102 11,344 306,753 SH   SOLE   268,308 0 38,445
TETRA TECH INC NEW COM COM 88162G103 10,965 160,535 SH   SOLE   146,998 0 13,537
TRANSOCEAN INC COM COM H8817H100 1,862 133,493 SH   SOLE   123,471 0 10,022
ULTA BEAUTY, INC COM 90384S303 6,391 22,653 SH   SOLE   20,133 0 2,520
UNITED NAT FOOD INC COM COM 911163103 7,049 235,366 SH   SOLE   206,303 0 29,063
UNITED TECHNOLOGIES COM 913017109 230 1,648 SH   SOLE   1,648 0 0
VERIZON COMMUNICATIONS COM COM 92343V104 238 4,458 SH   SOLE   4,458 0 0
VISA INC COM CL A COM 92826c839 383 2,550 SH   SOLE   2,550 0 0
WALT DISNEY CO COM COM 254687106 8,680 74,225 SH   SOLE   65,562 0 8,663
WELLS FARGO & CO NEW COM COM 949746101 7,982 151,858 SH   SOLE   133,759 0 18,099
WEYERHAEUSER CO COM COM 962166104 8,552 265,029 SH   SOLE   235,059 0 29,970
WYNDHAM DESTINATIONS INC COM COM 98310W108 2,263 52,181 SH   SOLE   44,274 0 7,907
WYNDHAM HOTELS & RESORTS INC C COM 98311A105 4,052 72,922 SH   SOLE   65,015 0 7,907
LAZARD EMERGING MARKETS EQUITY MEUS 52106N392 461 41,315 SH   SOLE   41,315 0 0
LAZARD FDS INC EMERG MKT RETL MEUS 52106n764 2,192 123,396 SH   SOLE   123,396 0 0
LAZARD FDS INC EMKTS EQBL OPN MEUS 52106N418 1,110 99,567 SH   SOLE   99,567 0 0