13F-HR 1 gwc4q11.txt GW CAPITAL, INC. 13F 4Q 2012 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 13F Form 13F COVER PAGE Report for the Calendar Year or Quarter Ended: December 31, 2011 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 750 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 February 14, 2012 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: 60 Form13F Information Table Value Total: $1,491,178 (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/INVSTMNTOTHER VOTING AUTHORITY NAME OF ISSUER OF CLASS CUSIP (x$1000)PRN AMT PRN CALLDSCRETN MGRS SOLE SHARED NONE A.O. SMITH CORPORATION COM 831865209 35396 882242 SH SOLE 747864 0 134378 ALBANY INTERNATIONAL CORP CL A 012348108 30655 1325897 SH SOLE 1124574 0 201323 AMERICAN STATES WATER COM 029899101 19553 560247 SH SOLE 472966 0 87281 ASHLAND INC. COM 044209104 22522 394015 SH SOLE 123985 0 270030 ASPEN INSURANCE HOLDINGS LTD. SHS G05384105 22919 864867 SH SOLE 698498 0 166369 AVIS BUDGET GROUP, INC. COM 053774105 25904 2416409 SH SOLE 2046593 0 369816 BARNES GROUP INC COM 067806109 27521 1141476 SH SOLE 967917 0 173559 BROOKDALE SENIOR LIVING COM 112463104 51121 2939668 SH SOLE 1827814 0 1111854 CAPSTEAD MORTGAGE CORP. COM NO PAR 14067E506 18977 1525445 SH SOLE 1292375 0 233070 CASEY`S GENERAL STORES, INC. COM 147528103 12459 241873 SH SOLE 203363 0 38510 CHEMTURA CORPORATION COM NEW 163893209 14583 1285954 SH SOLE 1087945 0 198009 CHICAGO BRIDGE & IRON N Y REGISTRY SH 167250109 17330 458467 SH SOLE 388634 0 69833 CINTAS CORP COM 172908105 21725 624111 SH SOLE 198080 0 426031 CNO FINANCIAL GROUP COM 12621E103 52283 8285727 SH SOLE 5063581 0 3222146 COMPASS MINERALS INTERNATIONAL COM 20451N101 6201 90060 SH SOLE 28139 0 61921 COMSTOCK RESOURCES, INC. COM NEW 205768203 22382 1462908 SH SOLE 1244222 0 218686 CORN PRODUCTS INT`L, INC. COM 219023108 18784 357178 SH SOLE 302473 0 54705 CROWN HOLDINGS INC COM 228368106 25265 752391 SH SOLE 236249 0 516142 DARLING INTERNATIONAL COM 237266101 36041 2711860 SH SOLE 2230960 0 480900 EL PASO CORP. COM 28336L109 30834 1160495 SH SOLE 367781 0 792714 ESTERLINE TECHNOLOGIES COM 297425100 32863 587150 SH SOLE 498797 0 88353 EXTERRAN HOLDING NOTE 30225XAA1 5325 6000000 PRN SOLE 5850000 0 150000 FLUOR CORPORATION COM 343412102 15345 305382 SH SOLE 96545 0 208837 FOREST OIL CORP COM PAR $0.01 346091705 43593 3217207 SH SOLE 1981277 0 1235930 GENERAL CABLE CORP COM 369300108 22637 905106 SH SOLE 563605 0 341501 HARRIS CORP. COM 413875105 15593 432647 SH SOLE 140823 0 291824 HEALTH CARE REIT COM 42217K106 15091 276744 SH SOLE 89869 0 186875 HERTZ GLOBAL HOLDINGS COM 42805T105 19724 1682948 SH SOLE 536657 0 1146291 IBERIABANK CORP COM 450828108 23488 476433 SH SOLE 403805 0 72628 ION GEOPHYSICAL CORP COM 462044108 26817 4374745 SH SOLE 3703555 0 671190 IRON MOUNTAIN COM 462846106 16788 545071 SH SOLE 183519 0 361552 JM SMUCKER COM NEW 832696405 18430 235774 SH SOLE 77409 0 158365 KINDRED HEALTHCARE INC COM 494580103 21400 1818198 SH SOLE 1545692 0 272506 KLA TENCOR COM 482480100 12642 262004 SH SOLE 84857 0 177147 LTC PROPERTIES COM 502175102 22262 721389 SH SOLE 611457 0 109932 MEADWESTVACO CORP COM 583334107 21868 730162 SH SOLE 231252 0 498910 OCWEN FINANCIAL COM NEW 675746309 24963 1723977 SH SOLE 1459190 0 264787 OMEGA HEALTHCARE COM 681936100 49519 2559110 SH SOLE 1589530 0 969580 ONEOK INC COM 682680103 76877 886799 SH SOLE 547276 0 339523 OWENS ILLINOIS COM NEW 690768403 44837 2313548 SH SOLE 1450650 0 862898 PERRIGO CO. COM 714290103 12919 132771 SH SOLE 42400 0 90371 PORTLAND GENERAL ELECTRIC CO. COM NEW 736508847 26027 1029146 SH SOLE 871252 0 157894 REDWOOD TRUST INC. COM 758075402 24850 2441045 SH SOLE 2067612 0 373433 SBA COMMUNICATIONS COM 78388J106 25164 585756 SH SOLE 186029 0 399727 SENSIENT TECHNOLOGIES COM 81725T100 29279 772520 SH SOLE 655918 0 116602 SIMPSON MANUFACTURING CO. COM 829073105 31949 949165 SH SOLE 804339 0 144826 SLM CORPORATION COM 78442P106 25500 1902986 SH SOLE 602472 0 1300514 STEEL DYNAMICS INC NOTE 858119AP5 4355 4000000 PRN SOLE 3890000 0 110000 STEWART ENTERPRISES INC CL A 860370105 5449 945993 SH SOLE 810761 0 135232 SUPERVALU INC. COM 868536103 49586 6106702 SH SOLE 3815336 0 2291366 THE WENDY`S COMPANY COM 95058W100 19886 3710045 SH SOLE 1187309 0 2522736 THOMAS & BETTS CORP. COM 884315102 20867 382184 SH SOLE 121179 0 261005 TIDEWATER INC COM 886423102 46794 949175 SH SOLE 585149 0 364026 TWO HARBORS INVESTMENT CORP COM 90187B101 18319 1982568 SH SOLE 1679203 0 303365 TYCO INTERNATIONAL LTD. SHS H89128104 11622 248805 SH SOLE 0 0 248805 VERISK ANALYTICS CL A 92345Y106 24156 601938 SH SOLE 190827 0 411111 WEYERHAEUSER COMPANY COM 962166104 17676 946735 SH SOLE 297265 0 649470 WILLIAMS COS, INC. COM 969457100 22257 825464 SH SOLE 263037 0 562427 XL GROUP PLC SHS G98290102 10780 545275 SH SOLE 0 0 545275 XYLEM, INC. COM 98419M100 21226 826240 SH SOLE 258078 0 568162