13F-HR 1 gwc1q07.txt GW CAPITAL 13F-HR 1ST QUARTER 2007 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 13F Form 13F COVER PAGE Report for the Calendar Year or Quarter Ended: March 31, 2007 Check here if Amendment [ ]; Amendment Number: This Amendment (Check only one.): [ ] is a restatement. [ ] adds new holdings entries. Institutional Investment Manager Filing this Report: Name: GW Capital, Inc. Address: 10900 N.E. Eighth Street, Suite 1010 Bellevue, WA 98004 13F File Number: 801-35777 The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form. Person Signing this Report on Behalf of Reporting Manager: Name: Guy Watanabe Title: President Phone: 425-455-4551 Signature, Place, and Date of Signing: /s/ Guy Watanabe Bellevue, WA April 30, 2007 Report Type (Check only one.): [ X] 13F HOLDINGS REPORT. [ ] 13F NOTICE. [ ] 13F COMBINATION REPORT. FORM 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 0 Form13F Information Table Entry Total: 42 Form13F Information Table Value Total: $876,123 (thousands) List of Other Included Managers: Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional managers with respect to which this report is filed, other than the manager filing this report. NONE FORM 13F INFORMATION TABLE VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MGRS SOLE SHARED NONE ALBANY INTL CORP CL A 012348108 19748 549460 SH SOLE 423534 0 125926 AMEDISYS INC COM 023436108 29585 912309 SH SOLE 733173 0 179136 AMERICAN INTL GRP, INC. COM 026874107 2339 34800 SH SOLE 34800 0 0 AMERICAN STS WTR CO COM 029899101 22203 602200 SH SOLE 482890 0 119310 ANDREW CORP DE COM 034425108 29923 2825600 SH SOLE 2341620 0 483980 ANIXTER INTL INC COM 035290105 2060 31240 SH SOLE 31160 0 80 BOWATER INC COM 102183100 29426 1235371 SH SOLE 1022621 0 212750 BRIGGS & STRATTON CORP COM 109043109 28483 923273 SH SOLE 757400 0 165873 CONSECO INC COM NEW 208464883 2893 167230 SH SOLE 166850 0 380 CROWN HOLDINGS INC COM 228368106 38828 1587425 SH SOLE 1292215 0 295210 DEAN FOODS COM 242370104 928 19850 SH SOLE 19680 0 170 FLUOR CORPORATION COM 343412102 3511 39140 SH SOLE 39050 0 90 HANOVER COMPRESSOR CO COM 410768105 31483 1414960 SH SOLE 1161059 0 253901 HEALTHCARE RLTY TR INC COM 421946104 26107 699896 SH SOLE 576336 0 123560 HEARST-ARGYLE TV INC COM 422317107 25486 937317 SH SOLE 771077 0 166240 HORMEL FOODS CORP. COM 440452100 672 18070 SH SOLE 17930 0 140 ITT CORPORATION COM 450911102 1749 29000 SH SOLE 29000 0 0 INPUT/OUTPUT INC COM 457652105 40742 2956617 SH SOLE 2439652 0 516965 ISHARES TR RUSL 2000 VALU 464287630 480 5925 SH SOLE 5925 0 0 LTC PPTYS INC COM 502175102 27205 1049975 SH SOLE 859645 0 190330 MCDERMOTT INTL, INC. COM 580037109 3175 64820 SH SOLE 64660 0 160 NEWMONT MINING CORP. COM 651639106 2435 58000 SH SOLE 58000 0 0 NORTHWESTERN CORP COM NEW 668074305 22529 635898 SH SOLE 518463 0 117435 OMEGA HEALTHCARE INVS INC COM 681936100 32307 1883742 SH SOLE 1526117 0 357625 ONEOK INC NEW COM 682680103 37780 839573 SH SOLE 691153 0 148420 OWENS ILLINOIS INC NEW COM NEW 690768403 32260 1251850 SH SOLE 1034714 0 217136 PUGET ENERGY, INC. COM 745310102 3629 141340 SH SOLE 141040 0 300 SIERRA PAC RES NEW COM 826428104 2796 160860 SH SOLE 160290 0 570 SINCLAIR BROADCAST GROUP INC CL A 829226109 39858 2579781 SH SOLE 2073706 0 506075 A.O. SMITH CORPORATION COM 831865209 12815 335300 SH SOLE 233600 0 101700 SMURFIT STONE CONTAINER CORP COM 832727101 2602 231100 SH SOLE 230440 0 660 SOUTHWEST GAS CORP COM 844895102 31996 823151 SH SOLE 674501 0 148650 STEWART ENTERPRISES INC CLA CLA 860370105 35499 4404375 SH SOLE 3594050 0 810325 TIDEWATER INC COM 886423102 35628 608181 SH SOLE 505356 0 102825 WASHINGTON GROUP INTL INC COM NEW 938862208 32467 488808 SH SOLE 403621 0 85187 ALLSCRIPTS HEALTHCARE COM 01988P108 37585 1401867 SH SOLE 1137937 0 263930 GOLD FIELDS LIMITED SPONSORED ADR 38059T106 3205 173430 SH SOLE 173000 0 430 HEALTH CARE REIT INC COM 42217K106 30028 684021 SH SOLE 561766 0 122255 QUIKSILVER INC COM 74838C106 23494 2025398 SH SOLE 1698138 0 327260 SUNRISE SENIOR LIVING INC COM 86768K106 32243 815871 SH SOLE 674316 0 141555 VECTREN CORP COM 92240G101 27580 964337 SH SOLE 785657 0 178680 WESTAR ENERGY INC COM 95709T100 30360 1103193 SH SOLE 904248 0 198945