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
ALTRIA GROUP INC COM COM 02209s103 274 7,967 SH   SOLE   7,967 0 0
AMERICAN CAMPUS CMNTYS COM COM 024835100 5,627 164,776 SH   SOLE   147,762 0 17,014
AMERICAN EXPRESS CO COM COM 025816109 11,165 147,843 SH   SOLE   127,808 0 20,035
APPLE COMPUTER COM 037833100 8,903 18,675 SH   SOLE   16,630 0 2,045
BAKER HUGHES INC COM COM 057224107 356 7,250 SH   SOLE   7,250 0 0
BEAZER HOMES USA INC COM NEW COM 07556Q881 774 42,990 SH   SOLE   42,990 0 0
BIG LOTS INC COM COM 089302103 7,702 207,649 SH   SOLE   186,484 0 21,165
BIOELECTRONICS CORP COM COM 09062H108 0 60,000 SH   SOLE   60,000 0 0
BP PLC SPONSORED ADR COM 055622104 401 9,542 SH   SOLE   9,542 0 0
BRISTOL-MYERS SQUIBB CO COM COM 110122108 343 7,406 SH   SOLE   7,406 0 0
CATERPILLAR INC DEL COM COM 149123101 304 3,650 SH   SOLE   3,650 0 0
CHEVRON CORP NEW COM COM 166764100 2,772 22,817 SH   SOLE   22,817 0 0
CISCO SYS INC COM COM 17275R102 7,306 311,811 SH   SOLE   278,665 0 33,146
COHEN & STEERS INC COM COM 19247A100 13,397 379,418 SH   SOLE   340,768 0 38,650
COLGATE PALMOLIVE CO COM COM 194162103 285 4,800 SH   SOLE   4,800 0 0
COMCAST CORP COM CL A COM 20030N101 13,932 308,804 SH   SOLE   267,948 0 40,856
DIGITAL GENERATION INC COM 25400b108 6,488 501,793 SH   SOLE   446,029 0 55,764
EOG RES INC COM COM 26875P101 10,702 63,223 SH   SOLE   57,720 0 5,503
ESTEE LAUDER COS INC COM COM 518439104 9,510 136,055 SH   SOLE   118,739 0 17,316
EXXON CORP COM COM 30231G102 1,078 12,528 SH   SOLE   12,528 0 0
FEC RESOURCES INC COM COM 30246x108 1 170,600 SH   SOLE   170,600 0 0
FOREST CITY ENTERPRISES INC CO COM 345550107 14,185 748,935 SH   SOLE   654,485 0 94,450
FRANKLIN RES INC COM COM 354613101 9,370 185,367 SH   SOLE   166,401 0 18,966
GATX CORP COM COM 361448103 9,879 207,884 SH   SOLE   178,871 0 29,013
GENCORP INC COM COM 368682100 18,605 1,160,633 SH   SOLE   999,493 0 161,140
GENERAL ELEC CO COM COM 369604103 9,965 417,134 SH   SOLE   364,191 0 52,943
HEWLETT PACKARD CO COM COM 428236103 10,307 491,049 SH   SOLE   433,358 0 57,691
HYSTER YALE MATLS HAND CL A COM 449172105 5,384 60,046 SH   SOLE   52,096 0 7,950
INSPERITY INC COM 45778Q107 10,408 276,806 SH   SOLE   239,759 0 37,047
INTEL CORP COM COM 458140100 7,729 337,214 SH   SOLE   296,684 0 40,530
INTERNATIONAL BUS MACH COM COM 459200101 634 3,426 SH   SOLE   3,426 0 0
IPC THE HOSPITALIST CO COM COM 44984A105 226 4,430 SH   SOLE   4,430 0 0
J P MORGAN CHASE & CO COM COM 46625H100 8,780 169,862 SH   SOLE   151,488 0 18,374
JOHNSON & JOHNSON COM COM 478160104 9,046 104,350 SH   SOLE   92,728 0 11,622
KAISER ALUMINUM CORP COM PAR $ COM 483007704 10,949 153,669 SH   SOLE   131,987 0 21,682
KENNAMETAL INC COM COM 489170100 8,093 177,470 SH   SOLE   152,864 0 24,606
KIMBERLY CLARK CORP COM COM 494368103 342 3,631 SH   SOLE   3,631 0 0
LEGG MASON INC COM COM 524901105 8,927 266,960 SH   SOLE   236,585 0 30,375
LIFE TIME FITNESS INC COM COM 53217R207 9,255 179,812 SH   SOLE   159,000 0 20,812
LIQUIDITY SERVICES INC COM COM 53635B107 6,748 201,436 SH   SOLE   178,543 0 22,893
LKQ CORP COM COM 501889208 15,394 483,017 SH   SOLE   416,491 0 66,526
LOEWS CORP COM COM 540424108 3,049 65,232 SH   SOLE   65,232 0 0
MAGELLAN MIDSTREAM PRT COM UNI COM 559080106 553 9,800 SH   SOLE   9,800 0 0
MARCHEX INC CL B COM 56624r108 9,190 1,262,391 SH   SOLE   1,106,157 0 156,234
MERCK & CO INC NEW COM COM 58933Y105 9,038 189,842 SH   SOLE   165,083 0 24,759
MODINE MANUFACTURING COM 607828100 9,422 643,991 SH   SOLE   569,792 0 74,199
NEWFIELD EXPL CO COM COM 651290108 5,373 196,300 SH   SOLE   172,186 0 24,114
NORDSON CORP COM COM 655663102 14,570 197,876 SH   SOLE   177,807 0 20,069
NORDSTROM INC COM COM 655664100 8,378 149,082 SH   SOLE   128,965 0 20,117
NOVAPET PRODUCTS INC COM COM 669875106 0 12,000 SH   SOLE   12,000 0 0
OMNOVA SOLUTIONS INC COM COM 682129101 10,867 1,271,033 SH   SOLE   1,100,134 0 170,899
ORACLE CORP COM COM 68389X105 10,300 310,519 SH   SOLE   274,453 0 36,066
PFIZER INC COM COM 717081103 621 21,608 SH   SOLE   21,608 0 0
PHILIP MORRIS INTL INC COM COM 718172109 1,099 12,687 SH   SOLE   12,687 0 0
PROCTER & GAMBLE CO COM COM 742718109 401 5,310 SH   SOLE   5,310 0 0
PROGRESSIVE CORP OHIO COM COM 743315103 2,866 105,260 SH   SOLE   105,260 0 0
PULTE GROUP INC COM COM 745867101 14,837 899,240 SH   SOLE   775,983 0 123,257
REX ENERGY CORPORATION COM COM 761565100 278 12,475 SH   SOLE   12,475 0 0
SCHLUMBERGER LTD COM COM 806857108 11,843 134,030 SH   SOLE   115,578 0 18,452
SCHWAB CHARLES CORP NEW COM COM 808513105 12,763 603,742 SH   SOLE   518,599 0 85,143
SIMON PPTY GROUP NEW COM COM 828806109 9,953 67,144 SH   SOLE   59,487 0 7,657
SKULLCANDY INC COM COM 83083j104 3,929 634,186 SH   SOLE   562,936 0 71,250
SKYWORKS SOLUTIONS INC COM COM 83088m102 8,591 345,857 SH   SOLE   307,303 0 38,554
STARBUCKS CORP COM COM 855244109 1,454 18,885 SH   SOLE   18,885 0 0
SVB FINL GROUP COM COM 78486q101 627 7,260 SH   SOLE   7,260 0 0
TENET HEALTHCARE CORP COM COM 88033g407 9,298 225,737 SH   SOLE   196,539 0 29,198
TERADYNE INC COM COM 880770102 11,163 675,734 SH   SOLE   582,490 0 93,244
TETRA TECH INC NEW COM COM 88162G103 10,145 391,840 SH   SOLE   346,004 0 45,836
TIME WARNER INC COM COM 887317303 5,355 81,367 SH   SOLE   71,118 0 10,249
TRANSOCEAN INC COM COM H8817H100 5,351 120,239 SH   SOLE   105,933 0 14,306
UNITED NAT FOOD INC COM COM 911163103 9,425 140,127 SH   SOLE   123,622 0 16,505
VERIZON COMMUNICATIONS COM COM 92343V104 208 4,447 SH   SOLE   4,447 0 0
VGTEL INC COM COM 925543100 17 10,000 SH   SOLE   10,000 0 0
WALT DISNEY CO COM COM 254687106 11,332 175,715 SH   SOLE   153,485 0 22,230
WELLS FARGO & CO NEW COM COM 949746101 9,215 223,010 SH   SOLE   193,391 0 29,619
WEYERHAEUSER CO COM COM 962166104 11,359 396,741 SH   SOLE   341,776 0 54,965
WYNDHAM WORLDWIDE CORP COM COM 98310W108 13,603 223,117 SH   SOLE   198,310 0 24,807
COHEN & STEERS RT & PF COM COM 19247x100 191 12,338 SH   SOLE   12,338 0 0
LAZARD FDS INC EMERG MKT RETL MEUS 52106n764 3,704 190,138 SH   SOLE   190,138 0 0
LAZARD FDS INC EMKTS EQBL OPN MEUS 52106N418 512 46,095 SH   SOLE   46,095 0 0