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
ABM Industries COM 000957100 21,862 526,550 SH   SOLE   526,550 0 0
American Int'l Group COM 026874784 21,519 344,200 SH   SOLE   344,200 0 0
Analog Devices COM 032654105 1,864 23,954 SH   SOLE   23,954 0 0
Aon plc COM G0408V102 31,080 233,770 SH   SOLE   233,770 0 0
Beacon Roofing Supply COM 073685109 34,219 698,350 SH   SOLE   698,350 0 0
Broadsoft, Inc. COM 11133B409 1,765 41,000 SH   SOLE   41,000 0 0
D.R. Horton Inc. COM 23331A109 33,322 963,900 SH   SOLE   963,900 0 0
Ecolab Inc. COM 278865100 25,088 188,990 SH   SOLE   188,990 0 0
Fastenal Co. COM 311900104 19,498 447,925 SH   SOLE   447,925 0 0
First Data Corp. COM 32008D106 24,079 1,323,000 SH   SOLE   1,323,000 0 0
Fiserv Inc. COM 337738108 22,239 181,780 SH   SOLE   181,780 0 0
General Electric Co COM 369604103 1,107 41,000 SH   SOLE   41,000 0 0
Hovnanian Entr. COM 442487203 6,243 2,229,700 SH   SOLE   2,229,700 0 0
Interpublic Grp COM 460690100 22,999 934,900 SH   SOLE   934,900 0 0
Knight Transportation COM 499064103 23,347 630,150 SH   SOLE   630,150 0 0
MRC Global Inc. COM 55345K103 1,685 102,000 SH   SOLE   102,000 0 0
NexGen Energy Ltd. COM 65340P106 1,704 771,000 SH   SOLE   771,000 0 0
Paccar Inc. COM 693718108 20,017 303,100 SH   SOLE   303,100 0 0
Robert Half Int'l COM 770323103 22,086 460,800 SH   SOLE   460,800 0 0
SEI Investments COM 784117103 24,432 454,300 SH   SOLE   454,300 0 0
SM Energy Company COM 78454L100 2,105 127,350 SH   SOLE   127,350 0 0
SP Plus Corp. COM 78469C103 362 11,850 SH   SOLE   11,850 0 0
Service Corp. Int'l COM 817565104 348 10,400 SH   SOLE   10,400 0 0
ServiceMaster Global COM 81761R109 21,355 544,900 SH   SOLE   544,900 0 0
Toll Brothers, Inc. COM 889478103 32,900 832,710 SH   SOLE   832,710 0 0
U.S. Bancorp COM 902973304 22,510 433,550 SH   SOLE   433,550 0 0
USG Corp COM 903293405 33,506 1,154,600 SH   SOLE   1,154,600 0 0
Versum Materials, Inc. COM 92532w103 276 8,500 SH   SOLE   8,500 0 0
Watsco, Inc. COM 942622200 200 1,300 SH   SOLE   1,300 0 0
Zions Bancorp COM 989701107 11,667 265,700 SH   SOLE   265,700 0 0