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 20,225 569,240 SH   SOLE   500,930 0 68,310
AMAZON COM INC COM COM 023135106 497 279 SH   SOLE   279 0 0
AMERICAN AIRLS GRP INC COM COM 02376r102 5,473 172,330 SH   SOLE   154,057 0 18,273
AMERICAN EXPRESS CO COM COM 025816109 5,911 54,078 SH   SOLE   49,048 0 5,030
AMGEN INC COM COM 031162100 5,394 28,392 SH   SOLE   25,562 0 2,830
APPLE COMPUTER COM 037833100 17,984 94,677 SH   SOLE   86,073 0 8,604
AT&T INC COM COM 00206r102 3,727 118,846 SH   SOLE   104,158 0 14,688
AUTOMATIC DATA PROCESS COM COM 053015103 240 1,500 SH   SOLE   1,500 0 0
BEAZER HOMES USA INC COM NEW COM 07556Q881 6,291 546,537 SH   SOLE   474,224 0 72,313
BERKSHIRE HATHAWAY INC CL B COM 084670702 574 2,856 SH   SOLE   2,856 0 0
BIG LOTS INC COM COM 089302103 4,766 125,354 SH   SOLE   106,354 0 19,000
BIO-RAD LABORATORIES COM 090572207 8,370 27,380 SH   SOLE   23,908 0 3,472
BOEING COM 097023105 339 890 SH   SOLE   890 0 0
BP PLC SPONSORED ADR COM 055622104 490 11,208 SH   SOLE   11,208 0 0
BRISTOL-MYERS SQUIBB CO COM COM 110122108 258 5,406 SH   SOLE   5,406 0 0
CHEVRON CORP NEW COM COM 166764100 1,738 14,106 SH   SOLE   14,106 0 0
CISCO SYS INC COM COM 17275R102 10,720 198,556 SH   SOLE   180,073 0 18,483
COHEN & STEERS INC COM COM 19247A100 9,513 225,064 SH   SOLE   201,271 0 23,793
COLGATE PALMOLIVE CO COM COM 194162103 329 4,800 SH   SOLE   4,800 0 0
COMCAST CORP COM CL A COM 20030N101 12,696 317,565 SH   SOLE   283,124 0 34,441
DELL TECHNOLOGIES INC COM 24703L202 3,356 57,188 SH   SOLE   51,327 0 5,861
ENCANA CORP COM COM 292505104 3,390 468,260 SH   SOLE   402,027 0 66,233
EOG RES INC COM COM 26875P101 6,846 71,924 SH   SOLE   65,080 0 6,844
ESTEE LAUDER COS INC COM COM 518439104 12,168 73,502 SH   SOLE   64,786 0 8,716
EXXON CORP COM COM 30231G102 845 10,456 SH   SOLE   10,456 0 0
FEC RESOURCES INC COM COM 30246x108 1 170,600 SH   SOLE   170,600 0 0
FLUOR CORP COM COM 343412102 4,220 114,663 SH   SOLE   98,363 0 16,300
FOCUS FINANCIAL PARTNERS COM 34417P100 7,328 205,618 SH   SOLE   175,468 0 30,150
FOSSIL GROUP COM 34988V106 6,613 482,006 SH   SOLE   413,416 0 68,590
FRANKLIN RES INC COM COM 354613101 954 28,779 SH   SOLE   28,779 0 0
GATX CORP COM COM 361448103 8,449 110,633 SH   SOLE   98,595 0 12,038
GENERAL ELEC CO COM COM 369604103 2,608 261,030 SH   SOLE   216,587 0 44,443
HP INC COM 40434L105 4,486 230,887 SH   SOLE   205,532 0 25,355
HUDSON PACIFIC PROPERTIES COM 444097109 5,847 169,858 SH   SOLE   135,988 0 33,870
HYSTER YALE MATLS HAND CL A COM 449172105 5,861 93,988 SH   SOLE   80,481 0 13,507
INNOVEST GLOBAL INC COM COM 45781q102 3 10,000 SH   SOLE   10,000 0 0
INTEL CORP COM COM 458140100 13,322 248,086 SH   SOLE   212,185 0 35,901
J P MORGAN CHASE & CO COM COM 46625H100 11,095 109,604 SH   SOLE   96,792 0 12,812
JOHNSON & JOHNSON COM COM 478160104 8,420 60,234 SH   SOLE   54,123 0 6,111
KAISER ALUMINUM CORP COM PAR $ COM 483007704 10,528 100,524 SH   SOLE   88,664 0 11,860
KLX ENERGY SVCS HLDGS COM 48253L106 2,514 99,986 SH   SOLE   85,652 0 14,334
LILLY ELI & CO COM COM 532457108 8,620 66,432 SH   SOLE   59,768 0 6,664
LKQ CORP COM COM 501889208 8,963 315,824 SH   SOLE   275,219 0 40,605
LOEWS CORP COM COM 540424108 2,315 48,300 SH   SOLE   48,300 0 0
LULULEMON ATHLETICA IN COM COM 550021109 15,195 92,727 SH   SOLE   80,397 0 12,330
MARCHEX INC CL B COM 56624r108 4,122 871,376 SH   SOLE   752,212 0 119,164
MERCK & CO INC NEW COM COM 58933Y105 10,505 126,305 SH   SOLE   109,984 0 16,321
MICROSOFT CORP COM COM 594918104 334 2,832 SH   SOLE   2,832 0 0
MOELIS & COMPANY COM 60786M105 8,432 202,638 SH   SOLE   178,308 0 24,330
NORDSON CORP COM COM 655663102 13,050 98,473 SH   SOLE   88,232 0 10,241
NORDSTROM INC COM COM 655664100 5,165 116,376 SH   SOLE   103,915 0 12,461
NORWEGIAN CRUISE LINE HOLDINGS COM G66721104 7,215 131,285 SH   SOLE   116,267 0 15,018
NOVAPET PRODUCTS INC COM COM 669875106 0 12,000 SH   SOLE   12,000 0 0
OMNOVA SOLUTIONS INC COM COM 682129101 7,353 1,047,432 SH   SOLE   927,536 0 119,896
ORACLE CORP COM COM 68389X105 10,625 197,825 SH   SOLE   175,521 0 22,304
PFIZER INC COM COM 717081103 599 14,102 SH   SOLE   14,102 0 0
PHILIP MORRIS INTL INC COM COM 718172109 351 3,972 SH   SOLE   3,972 0 0
PROCTER & GAMBLE CO COM COM 742718109 396 3,804 SH   SOLE   3,804 0 0
PROGRESSIVE CORP OHIO COM COM 743315103 1,424 19,750 SH   SOLE   19,750 0 0
PULTE GROUP INC COM COM 745867101 16,406 586,753 SH   SOLE   520,028 0 66,725
RPM INTERNATIONAL COM 749685103 319 5,500 SH   SOLE   5,500 0 0
SCHLUMBERGER LTD COM COM 806857108 4,519 103,722 SH   SOLE   91,397 0 12,325
SCHWAB CHARLES CORP NEW COM COM 808513105 13,615 318,410 SH   SOLE   274,759 0 43,651
SIMON PPTY GROUP NEW COM COM 828806109 8,957 49,158 SH   SOLE   43,854 0 5,304
SKYWORKS SOLUTIONS INC COM COM 83088m102 10,721 129,985 SH   SOLE   113,581 0 16,404
STARBUCKS CORP COM COM 855244109 772 10,381 SH   SOLE   10,381 0 0
STEM CELL AUTH LTD COM 85857c108 0 10,000 SH   SOLE   10,000 0 0
SVB FINL GROUP COM COM 78486q101 11,237 50,535 SH   SOLE   43,390 0 7,145
TENET HEALTHCARE CORP COM COM 88033g407 6,597 228,733 SH   SOLE   196,168 0 32,565
TERADYNE INC COM COM 880770102 11,922 299,236 SH   SOLE   260,791 0 38,445
TETRA TECH INC NEW COM COM 88162G103 9,269 155,544 SH   SOLE   142,007 0 13,537
TRANSOCEAN INC COM COM H8817H100 1,165 133,742 SH   SOLE   111,720 0 22,022
ULTA BEAUTY, INC COM 90384S303 7,724 22,149 SH   SOLE   19,629 0 2,520
UNITED NAT FOOD INC COM COM 911163103 3,465 262,140 SH   SOLE   227,277 0 34,863
UNITED TECHNOLOGIES COM 913017109 222 1,723 SH   SOLE   1,723 0 0
VERIZON COMMUNICATIONS COM COM 92343V104 275 4,654 SH   SOLE   4,654 0 0
VIRNETX HOLDING CORP COM 92823T108 88 13,836 SH   SOLE   13,836 0 0
VISA INC COM CL A COM 92826c839 398 2,550 SH   SOLE   2,550 0 0
WALT DISNEY CO COM COM 254687106 8,082 72,792 SH   SOLE   64,129 0 8,663
WELLS FARGO & CO NEW COM COM 949746101 7,190 148,802 SH   SOLE   130,703 0 18,099
WEYERHAEUSER CO COM COM 962166104 6,968 264,541 SH   SOLE   234,271 0 30,270
WYNDHAM HOTELS & RESORTS INC C COM 98311A105 3,635 72,717 SH   SOLE   64,810 0 7,907
LAZARD EMERGING MARKETS EQUITY MEUS 52106N392 420 36,755 SH   SOLE   36,755 0 0
LAZARD FDS INC EMERG MKT RETL MEUS 52106n764 2,137 120,324 SH   SOLE   120,324 0 0
LAZARD FDS INC EMKTS EQBL OPN MEUS 52106N418 1,104 96,405 SH   SOLE   96,405 0 0