13F-HR 1 gwc2q08.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 13F Form 13F COVER PAGE Report for the Calendar Year or Quarter Ended: June 30, 2008 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 July 22, 2008 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: 57 Form13F Information Table Value Total: $971,930 (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 TITLE VALUE SHARES/ SH/ PUT/INVSTMT OTHER VOTING AUTHORITY NAME OF ISSUER OF CLASS CUSIP (x$1000)PRN AMT PRN CALLDSCRETN MGRS SOLE SHARED NONE ABITIBIBOWATER COM 003687100 14197 1521737 SH SOLE 1191318 0 330419 ALBANY INTL CORP CL A 012348108 20424 704266 SH SOLE 524120 0 180146 AMERICAN INTL GRP, INC. COM 026874107 1402 53000 SH SOLE 53000 0 0 AMERICAN STS WTR CO COM 029899101 19835 567687 SH SOLE 423777 0 143910 ANIXTER INTL INC COM 035290105 8639 145209 SH SOLE 124099 0 21110 BARNES GROUP INC COM 067806109 11421 494649 SH SOLE 370291 0 124358 BRIGGS & STRATTON CORP COM 109043109 23807 1877522 SH SOLE 1476815 0 400707 BROOKDALE SENIOR LIVING COM 112463104 5902 289840 SH SOLE 239110 0 50730 CIT GROUP, INC. COM 125581108 4685 688037 SH SOLE 592742 0 95295 CVS CAREMARK CORP. COM 126650100 2770 70000 SH SOLE 70000 0 0 CROWN HOLDINGS INC COM 228368106 39911 1535603 SH SOLE 1211981 0 323622 DEAN FOODS COM 242370104 6935 353431 SH SOLE 290561 0 62870 EMC CORPORATION COM 268648102 2204 150000 SH SOLE 150000 0 0 ESTERLINE COM 297425100 26153 530923 SH SOLE 400193 0 130730 FLUOR CORPORATION COM 343412102 12413 66705 SH SOLE 57265 0 9440 HEALTHCARE RLTY TR INC COM 421946104 36857 1550584 SH SOLE 1186822 0 363762 HEARST-ARGYLE TV INC COM 422317107 19755 1028943 SH SOLE 771992 0 256951 HERSHEY COMPANY COM 427866108 8494 259110 SH SOLE 220530 0 38580 HORMEL FOODS CORP. COM 440452100 5461 157783 SH SOLE 125493 0 32290 HUNTINGTON BANCSHARES COM 446150104 4791 830345 SH SOLE 683925 0 146420 ITT CORPORATION COM 450911102 2723 43000 SH SOLE 43000 0 0 INTNATL PAPER CORP. COM 460146103 2004 86000 SH SOLE 86000 0 0 ION GEOPHYSICAL CORP COM NEW 462044108 50147 2873763 SH SOLE 2271948 0 601815 KINDRED HEALTHCARE INC COM 494580103 31688 1101800 SH SOLE 835599 0 266201 LTC PPTYS INC COM 502175102 24059 941280 SH SOLE 712415 0 228865 MCDERMOTT INTL, INC. COM 580037109 14101 227838 SH SOLE 197188 0 30650 MCDONALD'S CORP COM 580135101 2530 45000 SH SOLE 45000 0 0 MEADWESTVACO CORP. COM 583334107 1192 50000 SH SOLE 50000 0 0 NORTHROP GRUMMAN CORP COM 666807102 1606 24000 SH SOLE 24000 0 0 NORTHWESTERN CORP COM NEW 668074305 22921 901683 SH SOLE 680548 0 221135 OMEGA HEALTHCARE INVS INC COM 681936100 34647 2080885 SH SOLE 1596470 0 484415 ONEOK INC NEW COM 682680103 42823 876981 SH SOLE 691516 0 185465 OWENS ILLINOIS INC NEW COM NEW 690768403 34878 836608 SH SOLE 662687 0 173921 PUGET ENERGY, INC. COM 745310102 7517 313339 SH SOLE 250089 0 63250 ST. JUDE MEDICAL, INC. COM 790849103 2719 66500 SH SOLE 66500 0 0 SCHERING-PLOUGH CORP COM 806605101 2934 149000 SH SOLE 149000 0 0 SCOTTS MIRACLE-GROW CL A 810186106 1160 66008 SH SOLE 53736 0 12272 SIERRA PAC RES NEW COM 826428104 7628 600188 SH SOLE 490028 0 110160 SINCLAIR BROADCAST GRP INC CL A 829226109 18195 2394187 SH SOLE 1794922 0 599265 A.O. SMITH CORPORATION COM 831865209 22076 672416 SH SOLE 504956 0 167460 SMURFIT STONE CONTAINER CORP COM 832727101 15999 3931107 SH SOLE 3079297 0 851810 SOUTHWEST GAS CORP COM 844895102 34978 1176547 SH SOLE 904307 0 272240 STEWART ENTERPRISES INC CL A CL A 860370105 28178 3913570 SH SOLE 2920725 0 992845 TEMPLE-INLAND, INC. COM 879868107 17361 1540523 SH SOLE 1171576 0 368947 THOMAS & BETTS CORP. COM 884315102 3967 104810 SH SOLE 84195 0 20615 TIDEWATER INC COM 886423102 46464 714501 SH SOLE 560106 0 154395 WEYERHAEUSER COMPANY COM 962166104 2301 45000 SH SOLE 45000 0 0 EXTERRAN HOLDINGS COM NEW 30225X103 39743 555914 SH SOLE 430094 0 125820 GENWORTH FINANCIAL INC. COM CL A 37247D106 2084 117000 SH SOLE 117000 0 0 HEALTH CARE REIT INC COM 42217K106 37641 845852 SH SOLE 659202 0 186650 QUIKSILVER INC COM 74838C106 35708 3636197 SH SOLE 2793032 0 843165 SUNRISE SENIOR LIVING, INC. COM 86768K106 14391 640188 SH SOLE 477085 0 163103 TETRA TECH, INC. COM 88162G103 22340 987636 SH SOLE 730861 0 256775 VECTREN CORP COM 92240G101 34194 1095631 SH SOLE 842806 0 252825 WESTAR ENERGY INC COM 95709T100 31002 1441255 SH SOLE 1123120 0 318135 FOSTER WHEELER LTD. SHS NEW G36535139 1975 27000 SH SOLE 27000 0 0