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 19,688 431,176 SH   SOLE   431,176 0 0
AMAZON COM INC COM COM 023135106 540 292 SH   SOLE   292 0 0
AMERICAN AIRLS GRP INC COM COM 02376r102 4,098 142,874 SH   SOLE   142,874 0 0
AMERICAN EXPRESS CO COM COM 025816109 5,409 43,449 SH   SOLE   43,449 0 0
AMGEN INC COM COM 031162100 5,439 22,560 SH   SOLE   22,560 0 0
APPLE COMPUTER COM 037833100 23,066 78,549 SH   SOLE   78,549 0 0
AT&T INC COM COM 00206r102 3,148 80,564 SH   SOLE   80,564 0 0
AUTOMATIC DATA PROCESS COM COM 053015103 256 1,500 SH   SOLE   1,500 0 0
BANK OF AMERICA CORP COM COM 060505104 282 8,020 SH   SOLE   8,020 0 0
BEAZER HOMES USA INC COM NEW COM 07556Q881 7,632 540,124 SH   SOLE   540,124 0 0
BERKSHIRE HATHAWAY INC CL B COM 084670702 645 2,848 SH   SOLE   2,848 0 0
BIG LOTS INC COM COM 089302103 3,203 111,509 SH   SOLE   111,509 0 0
BIO-RAD LABORATORIES COM 090572207 8,251 22,297 SH   SOLE   22,297 0 0
BOEING COM 097023105 308 947 SH   SOLE   947 0 0
BP PLC SPONSORED ADR COM 055622104 355 9,398 SH   SOLE   9,398 0 0
BRISTOL-MYERS SQUIBB CO COM COM 110122108 325 5,057 SH   SOLE   5,057 0 0
CHEVRON CORP NEW COM COM 166764100 1,696 14,076 SH   SOLE   14,076 0 0
CISCO SYS INC COM COM 17275R102 7,859 163,860 SH   SOLE   163,860 0 0
COHEN & STEERS INC COM COM 19247A100 9,095 144,920 SH   SOLE   144,920 0 0
COLGATE PALMOLIVE CO COM COM 194162103 296 4,300 SH   SOLE   4,300 0 0
COMCAST CORP COM CL A COM 20030N101 11,335 252,064 SH   SOLE   252,064 0 0
DELL TECHNOLOGIES INC COM 24703L202 2,610 50,789 SH   SOLE   50,789 0 0
ENCANA CORP COM COM 292505104 1,521 324,295 SH   SOLE   324,295 0 0
EOG RES INC COM COM 26875P101 5,052 60,313 SH   SOLE   60,313 0 0
ESTEE LAUDER COS INC COM COM 518439104 12,053 58,356 SH   SOLE   58,356 0 0
EXXON CORP COM COM 30231G102 678 9,720 SH   SOLE   9,720 0 0
FEC RESOURCES INC COM COM 30246x108 0 170,600 SH   SOLE   170,600 0 0
FLUOR CORP COM COM 343412102 1,192 63,113 SH   SOLE   63,113 0 0
FOCUS FINANCIAL PARTNERS COM 34417P100 6,345 215,291 SH   SOLE   215,291 0 0
FOSSIL GROUP COM 34988V106 2,993 379,883 SH   SOLE   379,883 0 0
GATX CORP COM COM 361448103 7,082 85,475 SH   SOLE   85,475 0 0
GENERAL ELEC CO COM COM 369604103 2,189 196,162 SH   SOLE   196,162 0 0
HAWAIIAN HOLDINGS INC COM COM 419879101 214 7,315 SH   SOLE   7,315 0 0
HP INC COM 40434L105 3,950 192,195 SH   SOLE   192,195 0 0
HUDSON PACIFIC PROPERTIES COM 444097109 5,330 141,565 SH   SOLE   141,565 0 0
HYSTER YALE MATLS HAND CL A COM 449172105 4,437 75,250 SH   SOLE   75,250 0 0
INNOVEST GLOBAL INC COM COM 45781q102 2 10,000 SH   SOLE   10,000 0 0
INTEL CORP COM COM 458140100 11,277 188,416 SH   SOLE   188,416 0 0
J P MORGAN CHASE & CO COM COM 46625H100 12,008 86,139 SH   SOLE   86,139 0 0
JOHNSON & JOHNSON COM COM 478160104 7,221 49,506 SH   SOLE   49,506 0 0
KAISER ALUMINUM CORP COM PAR $ COM 483007704 8,916 80,400 SH   SOLE   80,400 0 0
KLX ENERGY SVCS HLDGS COM 48253L106 569 88,411 SH   SOLE   88,411 0 0
LILLY ELI & CO COM COM 532457108 7,502 57,079 SH   SOLE   57,079 0 0
LKQ CORP COM COM 501889208 8,758 245,326 SH   SOLE   245,326 0 0
LOEWS CORP COM COM 540424108 2,520 48,000 SH   SOLE   48,000 0 0
LULULEMON ATHLETICA IN COM COM 550021109 16,174 69,814 SH   SOLE   69,814 0 0
MARCHEX INC CL B COM 56624r108 1,663 439,926 SH   SOLE   439,926 0 0
MERCK & CO INC NEW COM COM 58933Y105 9,163 100,746 SH   SOLE   100,746 0 0
MICROSOFT CORP COM COM 594918104 615 3,897 SH   SOLE   3,897 0 0
MOELIS & COMPANY COM 60786M105 5,897 184,739 SH   SOLE   184,739 0 0
NORDSON CORP COM COM 655663102 12,965 79,619 SH   SOLE   79,619 0 0
NORDSTROM INC COM COM 655664100 4,014 98,072 SH   SOLE   98,072 0 0
NORWEGIAN CRUISE LINE HOLDINGS COM G66721104 6,331 108,389 SH   SOLE   108,389 0 0
NOVAPET PRODUCTS INC COM COM 669875106 0 12,000 SH   SOLE   12,000 0 0
OMNOVA SOLUTIONS INC COM COM 682129101 4,146 410,108 SH   SOLE   410,108 0 0
ORACLE CORP COM COM 68389X105 8,255 155,822 SH   SOLE   155,822 0 0
PFIZER INC COM COM 717081103 553 14,102 SH   SOLE   14,102 0 0
PHILIP MORRIS INTL INC COM COM 718172109 338 3,972 SH   SOLE   3,972 0 0
PROCTER & GAMBLE CO COM COM 742718109 450 3,604 SH   SOLE   3,604 0 0
PROGRESSIVE CORP OHIO COM COM 743315103 1,428 19,725 SH   SOLE   19,725 0 0
PULTE GROUP INC COM COM 745867101 17,445 449,617 SH   SOLE   449,617 0 0
RPM INTERNATIONAL COM 749685103 345 4,500 SH   SOLE   4,500 0 0
SCHLUMBERGER LTD COM COM 806857108 3,549 88,292 SH   SOLE   88,292 0 0
SCHWAB CHARLES CORP NEW COM COM 808513105 12,056 253,495 SH   SOLE   253,495 0 0
SIMON PPTY GROUP NEW COM COM 828806109 5,942 39,887 SH   SOLE   39,887 0 0
SKYWORKS SOLUTIONS INC COM COM 83088m102 12,556 103,872 SH   SOLE   103,872 0 0
STARBUCKS CORP COM COM 855244109 898 10,211 SH   SOLE   10,211 0 0
STEM CELL AUTH LTD COM 85857c108 0 10,000 SH   SOLE   10,000 0 0
STRYKER CORP COM COM 863667101 3,916 18,653 SH   SOLE   18,653 0 0
SVB FINL GROUP COM COM 78486q101 10,918 43,491 SH   SOLE   43,491 0 0
TENET HEALTHCARE CORP COM COM 88033g407 7,372 193,856 SH   SOLE   193,856 0 0
TERADYNE INC COM COM 880770102 15,749 230,965 SH   SOLE   230,965 0 0
TETRA TECH INC NEW COM COM 88162G103 11,053 128,280 SH   SOLE   128,280 0 0
ULTA BEAUTY, INC COM 90384S303 4,765 18,823 SH   SOLE   18,823 0 0
UNITED NAT FOOD INC COM COM 911163103 1,752 200,036 SH   SOLE   200,036 0 0
UNITED TECHNOLOGIES COM 913017109 247 1,648 SH   SOLE   1,648 0 0
VERIZON COMMUNICATIONS COM COM 92343V104 286 4,654 SH   SOLE   4,654 0 0
VERRA MOBILITY CORP COM 92511u102 491 35,080 SH   SOLE   35,080 0 0
VIRNETX HOLDING CORP COM 92823T108 53 13,836 SH   SOLE   13,836 0 0
VISA INC COM CL A COM 92826c839 479 2,550 SH   SOLE   2,550 0 0
WALT DISNEY CO COM COM 254687106 8,310 57,456 SH   SOLE   57,456 0 0
WELLS FARGO & CO NEW COM COM 949746101 6,310 117,293 SH   SOLE   117,293 0 0
WEYERHAEUSER CO COM COM 962166104 6,502 215,295 SH   SOLE   215,295 0 0
WYNDHAM HOTELS & RESORTS INC C COM 98311A105 4,103 65,321 SH   SOLE   65,321 0 0
LAZARD EMERGING MARKETS EQUITY MEU 52106N392 428 35,100 SH   SOLE   35,100 0 0
LAZARD FDS INC EMERG MKT RETL MEU 52106n764 2,152 113,060 SH   SOLE   113,060 0 0
LAZARD FDS INC EMKTS EQBL OPN MEU 52106N418 1,217 99,485 SH   SOLE   99,485 0 0