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 23,441 523,588 SH   SOLE   455,278 0 68,310
AMAZON COM INC COM COM 023135106 553 292 SH   SOLE   292 0 0
AMERICAN AIRLS GRP INC COM COM 02376r102 5,209 159,735 SH   SOLE   141,462 0 18,273
AMERICAN EXPRESS CO COM COM 025816109 6,130 49,661 SH   SOLE   44,631 0 5,030
AMGEN INC COM COM 031162100 4,805 26,075 SH   SOLE   23,245 0 2,830
APPLE COMPUTER COM 037833100 17,401 87,917 SH   SOLE   79,313 0 8,604
AT&T INC COM COM 00206r102 3,777 112,702 SH   SOLE   98,014 0 14,688
AUTOMATIC DATA PROCESS COM COM 053015103 248 1,500 SH   SOLE   1,500 0 0
BEAZER HOMES USA INC COM NEW COM 07556Q881 6,088 633,467 SH   SOLE   516,154 0 117,313
BERKSHIRE HATHAWAY INC CL B COM 084670702 638 2,993 SH   SOLE   2,993 0 0
BIG LOTS INC COM COM 089302103 3,356 117,314 SH   SOLE   98,314 0 19,000
BIO-RAD LABORATORIES COM 090572207 8,116 25,965 SH   SOLE   22,293 0 3,672
BOEING COM 097023105 345 947 SH   SOLE   947 0 0
BP PLC SPONSORED ADR COM 055622104 467 11,208 SH   SOLE   11,208 0 0
BRISTOL-MYERS SQUIBB CO COM COM 110122108 238 5,256 SH   SOLE   5,256 0 0
CHEVRON CORP NEW COM COM 166764100 1,737 13,959 SH   SOLE   13,959 0 0
CISCO SYS INC COM COM 17275R102 10,031 183,286 SH   SOLE   164,803 0 18,483
COHEN & STEERS INC COM COM 19247A100 10,272 199,679 SH   SOLE   175,886 0 23,793
COLGATE PALMOLIVE CO COM COM 194162103 344 4,800 SH   SOLE   4,800 0 0
COMCAST CORP COM CL A COM 20030N101 12,539 296,568 SH   SOLE   262,127 0 34,441
DELL TECHNOLOGIES INC COM 24703L202 2,738 53,898 SH   SOLE   48,037 0 5,861
ENCANA CORP COM COM 292505104 2,216 431,996 SH   SOLE   365,763 0 66,233
EOG RES INC COM COM 26875P101 6,175 66,280 SH   SOLE   59,436 0 6,844
ESTEE LAUDER COS INC COM COM 518439104 12,633 68,992 SH   SOLE   60,276 0 8,716
EXXON CORP COM COM 30231G102 810 10,576 SH   SOLE   10,576 0 0
FEC RESOURCES INC COM COM 30246x108 1 170,600 SH   SOLE   170,600 0 0
FLUOR CORP COM COM 343412102 2,854 84,715 SH   SOLE   84,715 0 0
FOCUS FINANCIAL PARTNERS COM 34417P100 5,372 196,693 SH   SOLE   166,543 0 30,150
FOSSIL GROUP COM 34988V106 5,166 449,197 SH   SOLE   380,607 0 68,590
GATX CORP COM COM 361448103 7,914 99,815 SH   SOLE   87,777 0 12,038
GENERAL ELEC CO COM COM 369604103 2,465 234,720 SH   SOLE   190,277 0 44,443
HAWAIIAN HOLDINGS INC COM COM 419879101 205 7,460 SH   SOLE   7,460 0 0
HP INC COM 40434L105 4,473 215,160 SH   SOLE   189,805 0 25,355
HUDSON PACIFIC PROPERTIES COM 444097109 5,448 163,744 SH   SOLE   129,874 0 33,870
HYSTER YALE MATLS HAND CL A COM 449172105 4,977 90,071 SH   SOLE   75,564 0 14,507
INNOVEST GLOBAL INC COM COM 45781q102 3 10,000 SH   SOLE   10,000 0 0
INTEL CORP COM COM 458140100 10,814 225,900 SH   SOLE   189,999 0 35,901
J P MORGAN CHASE & CO COM COM 46625H100 11,345 101,479 SH   SOLE   88,667 0 12,812
JOHNSON & JOHNSON COM COM 478160104 7,840 56,289 SH   SOLE   50,178 0 6,111
KAISER ALUMINUM CORP COM PAR $ COM 483007704 9,048 92,694 SH   SOLE   80,834 0 11,860
KLX ENERGY SVCS HLDGS COM 48253L106 2,191 107,236 SH   SOLE   91,402 0 15,834
LILLY ELI & CO COM COM 532457108 6,889 62,182 SH   SOLE   55,518 0 6,664
LKQ CORP COM COM 501889208 7,713 289,859 SH   SOLE   249,254 0 40,605
LOEWS CORP COM COM 540424108 2,641 48,300 SH   SOLE   48,300 0 0
LULULEMON ATHLETICA IN COM COM 550021109 15,270 84,732 SH   SOLE   72,402 0 12,330
MARCHEX INC CL B COM 56624r108 2,870 610,666 SH   SOLE   514,002 0 96,664
MERCK & CO INC NEW COM COM 58933Y105 9,709 115,795 SH   SOLE   99,474 0 16,321
MICROSOFT CORP COM COM 594918104 406 3,032 SH   SOLE   3,032 0 0
MOELIS & COMPANY COM 60786M105 7,092 202,908 SH   SOLE   178,578 0 24,330
NORDSON CORP COM COM 655663102 13,024 92,163 SH   SOLE   81,922 0 10,241
NORDSTROM INC COM COM 655664100 3,383 106,187 SH   SOLE   93,726 0 12,461
NORWEGIAN CRUISE LINE HOLDINGS COM G66721104 6,635 123,721 SH   SOLE   108,703 0 15,018
NOVAPET PRODUCTS INC COM COM 669875106 0 12,000 SH   SOLE   12,000 0 0
OMNOVA SOLUTIONS INC COM COM 682129101 5,721 918,283 SH   SOLE   798,387 0 119,896
ORACLE CORP COM COM 68389X105 10,337 181,450 SH   SOLE   159,146 0 22,304
PFIZER INC COM COM 717081103 611 14,102 SH   SOLE   14,102 0 0
PHILIP MORRIS INTL INC COM COM 718172109 312 3,972 SH   SOLE   3,972 0 0
PROCTER & GAMBLE CO COM COM 742718109 417 3,804 SH   SOLE   3,804 0 0
PROGRESSIVE CORP OHIO COM COM 743315103 1,579 19,750 SH   SOLE   19,750 0 0
PULTE GROUP INC COM COM 745867101 16,868 533,460 SH   SOLE   466,735 0 66,725
RPM INTERNATIONAL COM 749685103 324 5,300 SH   SOLE   5,300 0 0
SCHLUMBERGER LTD COM COM 806857108 3,772 94,916 SH   SOLE   81,591 0 13,325
SCHWAB CHARLES CORP NEW COM COM 808513105 11,975 297,963 SH   SOLE   254,312 0 43,651
SIMON PPTY GROUP NEW COM COM 828806109 7,202 45,081 SH   SOLE   39,777 0 5,304
SKYWORKS SOLUTIONS INC COM COM 83088m102 9,231 119,464 SH   SOLE   103,060 0 16,404
STARBUCKS CORP COM COM 855244109 848 10,116 SH   SOLE   10,116 0 0
STEM CELL AUTH LTD COM 85857c108 0 10,000 SH   SOLE   10,000 0 0
STRYKER CORP COM COM 863667101 4,127 20,075 SH   SOLE   17,395 0 2,680
SVB FINL GROUP COM COM 78486q101 11,026 49,092 SH   SOLE   41,947 0 7,145
TENET HEALTHCARE CORP COM COM 88033g407 4,513 218,458 SH   SOLE   185,893 0 32,565
TERADYNE INC COM COM 880770102 13,067 272,737 SH   SOLE   234,292 0 38,445
TETRA TECH INC NEW COM COM 88162G103 11,457 145,854 SH   SOLE   132,317 0 13,537
TRANSOCEAN INC COM COM H8817H100 788 122,908 SH   SOLE   100,886 0 22,022
ULTA BEAUTY, INC COM 90384S303 7,087 20,430 SH   SOLE   17,910 0 2,520
UNITED NAT FOOD INC COM COM 911163103 2,152 239,903 SH   SOLE   205,040 0 34,863
UNITED TECHNOLOGIES COM 913017109 215 1,648 SH   SOLE   1,648 0 0
VERIZON COMMUNICATIONS COM COM 92343V104 266 4,654 SH   SOLE   4,654 0 0
VIRNETX HOLDING CORP COM 92823T108 86 13,836 SH   SOLE   13,836 0 0
VISA INC COM CL A COM 92826c839 443 2,550 SH   SOLE   2,550 0 0
WALT DISNEY CO COM COM 254687106 9,472 67,829 SH   SOLE   59,166 0 8,663
WELLS FARGO & CO NEW COM COM 949746101 6,373 134,683 SH   SOLE   116,584 0 18,099
WEYERHAEUSER CO COM COM 962166104 6,401 243,031 SH   SOLE   212,761 0 30,270
WYNDHAM HOTELS & RESORTS INC C COM 98311A105 3,790 67,994 SH   SOLE   60,087 0 7,907
LAZARD EMERGING MARKETS EQUITY MEUS 52106N392 398 34,621 SH   SOLE   34,621 0 0
LAZARD FDS INC EMERG MKT RETL MEUS 52106n764 2,186 119,897 SH   SOLE   119,897 0 0
LAZARD FDS INC EMKTS EQBL OPN MEUS 52106N418 1,127 97,846 SH   SOLE   97,846 0 0