13F-HR 1 gwc3q09.txt GW CAPITAL, INC. 09Q3 13-F UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 13F Form 13F COVER PAGE Report for the Calendar Year or Quarter Ended: September 30, 2009 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 November 9, 2009 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: 62 Form13F Information Table Value Total: $784,203 (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 CALL DSCRETN MGRS SOLE SHARED NONE A.O. SMITH CORPORATION COM 831865209 26670 699996 SH SOLE 526375 0 173621 ALBANY INTL CORP CL A 012348108 15009 773674 SH SOLE 583549 0 190125 AMERICAN STS WTR CO COM 029899101 19012 525479 SH SOLE 394752 0 130727 ANIXTER INTL INC COM 035290105 6629 165279 SH SOLE 100544 0 64735 BARNES GROUP INC COM 067806109 18101 1059157 SH SOLE 799006 0 260151 BOSTON PROPERTIES LP NOTE 10112RAK0 3411 3535000 PRN SOLE 3410000 0 125000 BRIGHAM EXPLORATION COM 109178103 16237 1788196 SH SOLE 1350055 0 438141 BRINK'S HOME SECURITY COM 109699108 11143 361911 SH SOLE 262412 0 99499 BROOKDALE SENIOR LIVING COM 112463104 40699 2244848 SH SOLE 1620372 0 624476 CAPSTEAD MORTGAGE CORP. COM NO PAR 14067E506 178 1278516 SH SOLE 965915 0 312601 CHESAPEAKE ENERGY CORP NOTE 165167CB1 4408 5725000 PRN SOLE 5515000 0 210000 COCA-COLA ENTERPRISES COM 191219104 8788 410450 SH SOLE 254603 0 155847 CORN PRODUCTS INT'L, INC. COM 219023108 16747 587196 SH SOLE 443151 0 144045 CROWN HOLDINGS INC COM 228368106 29759 1094067 SH SOLE 776335 0 317732 DEAN FOODS COM 242370104 7395 415685 SH SOLE 260120 0 155565 EL PASO CORP. COM 28336L109 5679 550259 SH SOLE 349759 0 200500 ESTERLINE COM 297425100 21939 559530 SH SOLE 423968 0 135562 EXTERRAN HOLDING NOTE 30225XAA1 3735 3000000 PRN SOLE 2910000 0 90000 EXTERRAN HOLDINGS COM NEW 30225X103 27249 1147792 SH SOLE 812599 0 335193 FIFTH THIRD BANCORP COM 316773100 4723 466249 SH SOLE 288514 0 177735 FLUOR CORPORATION COM 343412102 47 91628 SH SOLE 55698 0 35930 FOREST OIL CORP COM 346091705 111 568100 SH SOLE 427322 0 140778 HARRIS CORP. COM 413875105 9334 248255 SH SOLE 148905 0 99350 HEALTH CARE REIT INC COM 42217K106 33071 794596 SH SOLE 568557 0 226039 HEALTHCARE RLTY TR INC COM 421946104 30738 1454715 SH SOLE 1035090 0 419625 HERSHEY COMPANY COM 427866108 66 169837 SH SOLE 106982 0 62855 IBERIABANK CORP COM 450828108 148 323775 SH SOLE 243741 0 80034 ION GEOPHYSICAL CORP COM NEW 462044108 14232 4043167 SH SOLE 3030145 0 1013022 JM SMUCKER COM NEW 832696405 7380 139212 SH SOLE 83432 0 55780 KINDRED HEALTHCARE INC COM 494580103 184 1133147 SH SOLE 857700 0 275447 LTC PPTYS INC COM 502175102 22925 953621 SH SOLE 718987 0 234634 MASSEY ENERGY CO NOTE 576203AJ2 2433 3060000 PRN SOLE 2810000 0 250000 MCCORMICK & CO. COM NON VTG 579780206 60 178229 SH SOLE 112599 0 65630 MEADWESTVACO CORP. COM 583334107 12526 561473 SH SOLE 349733 0 211740 NORTHWESTERN CORP COM NEW 668074305 21988 900024 SH SOLE 681012 0 219012 NV ENERGY INC COM 67073Y106 96 831899 SH SOLE 524969 0 306930 OMEGA HEALTHCARE INVS INC COM 681936100 31742 1981375 SH SOLE 1405180 0 576195 OMNICARE INC DBCV 681904AL2 1063 1500000 PRN SOLE 1500000 0 0 OMNICARE, INC. COM 681904108 7445 330585 SH SOLE 205940 0 124645 ONEOK INC NEW COM 682680103 33585 917118 SH SOLE 664141 0 252977 OWENS ILLINOIS INC NEW COM NEW 690768403 38764 1050513 SH SOLE 748957 0 301556 PENN VIRGINIA COM 707882106 78 339270 SH SOLE 254991 0 84279 PERRIGO CO. COM 714290103 8408 247355 SH SOLE 152540 0 94815 PIONEER NATURAL RESOURCE NOTE 723787AH0 2412 2510000 PRN SOLE 2510000 0 0 PPG INDUSTRIES COM 693506107 33 56844 SH SOLE 34464 0 22380 SAFEWAY INC. COM NEW 786514208 4733 240004 SH SOLE 148169 0 91835 SBA COMMUNICATIONS COM 78388J106 5376 198906 SH SOLE 123391 0 75515 SENSIENT TECHNOLOGIES COM 81725T100 20101 723828 SH SOLE 545826 0 178002 SLM CORPORATION COM 78442P106 30348 3480263 SH SOLE 2479078 0 1001185 SOUTHERN UNION CO. COM 844030106 15250 733508 SH SOLE 553332 0 180176 SOUTHWEST GAS CORP COM 844895102 19270 753330 SH SOLE 571396 0 181934 STEWART ENTERPRISES INC CL A CLA 860370105 12751 2438098 SH SOLE 1839358 0 598740 TETRA TECH, INC. COM 88162G103 77 291461 SH SOLE 220562 0 70899 THOMAS & BETTS CORP. COM 884315102 9878 328383 SH SOLE 203783 0 124600 TIDEWATER INC COM 886423102 22183 471069 SH SOLE 337626 0 133443 TRANSOCEAN INC NOTE 893830AW9 2437 2555000 PRN SOLE 2555000 0 0 TRINITY INDUSTRIES INC NOTE 896522AF6 3050 4000000 PRN SOLE 4000000 0 0 VECTREN CORP COM 92240G101 24423 1060013 SH SOLE 765460 0 294553 WENDY'S/ARBY'S GROUP COM 950587105 5889 1245082 SH SOLE 762877 0 482205 WESTAR ENERGY INC COM 95709T100 26676 1367324 SH SOLE 993562 0 373762 WEYERHAEUSER CO COM 962166104 6873 187544 SH SOLE 116374 0 71170 WILLIAMS COS, INC. COM 969457100 8508 476091 SH SOLE 282141 0 193950