13F-HR 1 a13ftable.txt 13 F 1ST QTR 2003 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 13-F FORM 13-F COVER PAGE Report for the quarter ending: March 31, 2003 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: Sirach Capital Management, Inc Address: 520 Pike Street, Suite 2800 Seattle, WA 98101 13-F File Number: 028-04323 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: Brenda S. Larson Title: Compliance Officer Phone: 206-624-3800 Signature: Brenda S. Larson Place: Seattle, WA Date: May 13, 2003 Report Type (Check only one) [x] 13-F HOLDINGS REPORT [ ] 13-F NOTICE [ ] 13-F COMBINATION REPORT List of other managers reporting for this manager: None FORM 13-F SUMMARY PAGE Report Summary: Number of other included managers: None Form 13-F Information table entry total: 266 Form 13-F Information table value total: 1,458,607 List of other included managers: 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 MANAGERS SOLE SHARED NONE ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- 3M COMPANY Common Stock 88579Y101 18772 144369.00SH SOLE 126450.00 16594.00 ABERCROMBIE & FITCH CO Common Stock 002896207 2772 92300.00 SH SOLE 70000.00 22300.00 ACE LTD Common Stock G0070K103 666 23000.00 SH SOLE 23000.00 ADVANCED NEUROMODULATION SYS Common Stock 00757T101 2973 69300.00 SH SOLE 51600.00 17700.00 ADVANCEPCS Common Stock 00790K109 788 27800.00 SH SOLE 27800.00 AEROFLEX INC Common Stock 007768104 925 163500.00SH SOLE 163500.00 AFFYMETRIX Common Stock 00826T108 775 29800.00 SH SOLE 29800.00 AFLAC INC Common Stock 001055102 13881 433095.00SH SOLE 376240.00 53955.00 AGL RESOURCES INC Common Stock 001204106 1380 58400.00 SH SOLE 43400.00 15000.00 AIR PRODS & CHEMS INC Common Stock 009158106 5755 138900.00SH SOLE 128000.00 2100.00 AIRGAS INC Common Stock 009363102 2558 138200.00SH SOLE 112100.00 26100.00 ALASKA AIR GROUP INC Common Stock 011659109 626 40000.00 SH SOLE 40000.00 ALLIANCE GAMING Common Stock 01859p609 3060 204000.00SH SOLE 204000.00 ALTERA CORP Common Stock 021441100 505 37300.00 SH SOLE 37300.00 AMAZON.COM Common Stock 023135106 1510 58000.00 SH SOLE 58000.00 AMBAC FINANCIAL GROUP INC Common Stock 023139108 9474 187525.00SH SOLE 159415.00 27110.00 AMERICA SERVICES GROUP Common Stock 02364L109 1449 111500.00SH SOLE 111500.00 AMERICAN CAPITAL STRATEGIES Common Stock 024937104 836 37300.00 SH SOLE 34100.00 1200.00 AMERICAN EXPRESS CO Common Stock 025816109 13218 397769.00SH SOLE 333530.00 59439.00 AMERICAN HEALTHWAYS INC Common Stock 02649V104 627 33000.00 SH SOLE 33000.00 AMERICAN INTL GROUP Common Stock 026874107 14109 285314.00SH SOLE 246227.00 33927.00 AMERICAN PHARMACEUTICAL Common Stock 02886P109 766 40000.00 SH SOLE 40000.00 AMETEK INC NEW COM Common Stock 031100100 2347 71100.00 SH SOLE 53500.00 17600.00 AMGEN INC Common Stock 031162100 19974 347071.00SH SOLE 292160.00 56561.00 ANADARKO PETROLEUM Common Stock 032511107 217 4773.00 SH SOLE 1600.00 ANSYS INC. Common Stock 03662Q105 2230 93100.00 SH SOLE 71500.00 21600.00 ANTHEM INC Common Stock 03674B104 6581 99330.00 SH SOLE 75261.00 28569.00 APACHE CORP Common Stock 037411105 9508 154000.00SH SOLE 144250.00 2000.00 APOLLO GROUP INC Common Stock 037604105 22790 456722.00SH SOLE 395085.00 58937.00 APPLEBEE'S INTL INC Common Stock 037899101 3791 135200.00SH SOLE 111900.00 23300.00 APPLIED MATERIALS INC Common Stock 038222105 11324 900127.00SH SOLE 766900.00 133127.00 AUTOZONE INC Common Stock 053332102 14761 214826.00SH SOLE 187120.00 26806.00 AVOCENT CORP Common Stock 053893103 2070 88700.00 SH SOLE 72400.00 16300.00 BALLARD POWER SYSTEM Common Stock 05858h104 394 42000.00 SH SOLE 42000.00 BANK OF AMERICA CORP Common Stock 060505104 19668 294258.00SH SOLE 261240.00 23318.00 BAXTER INTERNATIONAL INC Common Stock 071813109 186 10000.00 SH SOLE 10000.00 BEA SYS INC Common Stock 073325102 590 58200.00 SH SOLE 58200.00 BEAR STEARNS COS INC Common Stock 073902108 1246 19000.00 SH SOLE 19000.00 BECTON DICKINSON & CO Common Stock 075887109 740 21500.00 SH SOLE 21500.00 BED BATH & BEYOND Common Stock 075896100 18846 545642.00SH SOLE 473550.00 69192.00 BENCHMARK ELECTRONICS INC Common Stock 08160H101 2360 83300.00 SH SOLE 63700.00 19600.00 BIOMET INC Common Stock 090613100 858 28000.00 SH SOLE 28000.00 BIOSITE INC Common Stock 090945106 3038 79100.00 SH SOLE 58700.00 20400.00 BIOVAIL CORP Common Stock 09067j109 610 15300.00 SH SOLE 15300.00 BMC SOFTWARE INC Common Stock 055921100 928 61500.00 SH SOLE 61500.00 BOEING COMPANY Common Stock 097023105 253 10089.00 SH SOLE 470.00 BOSTON SCIENTIFIC CORP Common Stock 101137107 17503 429411.00SH SOLE 370640.00 55171.00 BRADLEY PHARMACEUTICALS INC Common Stock 104576103 1646 121200.00SH SOLE 90000.00 31200.00 BURLINGTON RES INC Common Stock 122014103 8092 169600.00SH SOLE 159500.00 1600.00 CABOT MICROELECTRONICS CORP Common Stock 12709p103 1665 39700.00 SH SOLE 29400.00 10300.00 CAREMARK RX INC Common Stock 141705103 891 49100.00 SH SOLE 49100.00 CENTEX CORP Common Stock 152312104 701 12900.00 SH SOLE 12900.00 CENTURYTEL INC Common Stock 156700106 477 17300.00 SH SOLE 17300.00 CHECKFREE CORP Common Stock 162813109 3729 165900.00SH SOLE 135400.00 30500.00 CHICOS FAS INC Common Stock 168615102 2591 129546.00SH SOLE 96798.00 32748.00 CHIRON CORP Common Stock 170040109 799 21300.00 SH SOLE 21300.00 CISCO SYS INC Common Stock 17275R102 23428 1804952.00SH SOLE 1505806.00 321987.00 CITIGROUP INC Common Stock 172967101 12898 374390.00SH SOLE 336972.00 5297.00 CITRIX SYSTEMS INC Common Stock 177376100 2011 152800.00SH SOLE 112100.00 40700.00 CLAIRES STORES INC Common Stock 179584107 2328 98600.00 SH SOLE 73300.00 25300.00 CLOROX CO Common Stock 189054109 951 20600.00 SH SOLE 20600.00 COACH INC Common Stock 189754104 3193 83300.00 SH SOLE 61400.00 21900.00 COGNEX CORP Common Stock 192422103 1197 56500.00 SH SOLE 41900.00 14600.00 COGNIZANT TECH SOLUTIONS Common Stock 192446102 1346 20000.00 SH SOLE 20000.00 COLUMBIA SPORTSWEAR Common Stock 198516106 1294 34800.00 SH SOLE 25200.00 9600.00 COMCAST SPECIAL CLASS A Common Stock 20030n200 1215 44200.00 SH SOLE 44200.00 CONAGRA INC Common Stock 205887102 13902 692338.00SH SOLE 599135.00 87903.00 CONCEPTUS INC Common Stock 206016107 829 92100.00 SH SOLE 92100.00 CONNETICS CORP Common Stock 208192104 2023 120800.00SH SOLE 90900.00 29900.00 CORINTHIAN COLLEGES Common Stock 218868107 3717 94100.00 SH SOLE 75000.00 19100.00 CORPORATE EXECUTIVE BOARD CO Common Stock 21988R102 1991 55900.00 SH SOLE 41400.00 14500.00 COSTCO WHOLESALE CORP Common Stock 22160k105 661 22000.00 SH SOLE 21150.00 500.00 COUNTRYWIDE FINANCIAL CORP. Common Stock 222372104 15166 263764.00SH SOLE 230575.00 31389.00 COVANCE INC Common Stock 222816100 3059 132300.00SH SOLE 107700.00 24600.00 COVENTRY HEALTH CARE INC Common Stock 222862104 2329 70800.00 SH SOLE 52700.00 18100.00 COX COMMUNICATIONS Common Stock 224044107 1304 41900.00 SH SOLE 41900.00 CRAY INC Common Stock 225223106 1636 247500.00SH SOLE 247500.00 CREE INC Common Stock 225447101 2384 128700.00SH SOLE 95300.00 33400.00 CURATIVE HEALTH SVCS Common Stock 231264102 1843 107900.00SH SOLE 80200.00 27700.00 CYBERONICS Common Stock 23251P102 1363 63700.00 SH SOLE 63700.00 CYMER INC Common Stock 232572107 1292 54600.00 SH SOLE 40500.00 14100.00 DEAN FOODS CO Common Stock 242370104 16098 375168.00SH SOLE 312845.00 60223.00 DELL COMPUTER Common Stock 247025109 18853 690326.00SH SOLE 582630.00 110296.00 DENBURY RESOURCES INC Common Stock 247916208 814 75200.00 SH SOLE 75200.00 DORAL FINANCIAL CORP Common Stock 25811p100 3284 92900.00 SH SOLE 68650.00 24250.00 EAST WEST BANCORP INC Common Stock 27579R104 1327 43000.00 SH SOLE 32000.00 11000.00 ECOLAB INC Common Stock 278865100 17431 353353.00SH SOLE 305415.00 46238.00 EMERITUS CORP Common Stock 291005106 149 34600.00 SH SOLE 34600.00 ENGINEERED SUPPORT SYSTEMS Common Stock 292866100 3013 76950.00 SH SOLE 57400.00 19550.00 ENTEGRIS INC Common Stock 29362U104 1118 112200.00SH SOLE 83200.00 29000.00 ENTERGY CORP Common Stock 29364G103 1237 25700.00 SH SOLE 25700.00 EON LABS INC Common Stock 29412E100 1380 51700.00 SH SOLE 38300.00 13400.00 EXPRESS SCRIPTS Common Stock 302182100 785 14100.00 SH SOLE 14100.00 EXXON MOBIL Common Stock 30231G102 17813 509660.00SH SOLE 451260.00 5500.00 F5 NETWORKS INC COM Common Stock 315616102 2482 196500.00SH SOLE 145500.00 51000.00 FEDERAL REALTY INVS TRUST Common Stock 313747206 2053 67600.00 SH SOLE 50100.00 17500.00 FEDEX CORP Common Stock 31428X106 6509 118200.00SH SOLE 109500.00 1400.00 FIDELITY NATIONAL FINANCIAL CO Common Stock 316326107 2346 68700.00 SH SOLE 51100.00 17600.00 FIFTH THIRD BANCORP Common Stock 316773100 1180 23500.00 SH SOLE 22350.00 350.00 FIRST TENNESSEE NATIONAL CORP Common Stock 337162101 14478 364587.00SH SOLE 316710.00 45977.00 FISHER SCIENTIFIC INTL Common Stock 338032204 2270 81200.00 SH SOLE 61600.00 19600.00 FLIR SYSTEMS INC Common Stock 302445101 1934 40800.00 SH SOLE 30300.00 10500.00 FORD MOTOR CO Common Stock 345370860 197 26228.00 SH SOLE FOREST LABS INC. Common Stock 345838106 12828 237682.00SH SOLE 202660.00 34222.00 FORTUNE BRANDS INC Common Stock 349631101 15155 353500.00SH SOLE 297845.00 52155.00 FOUNDRY NETWORKS Common Stock 35063R100 3664 455700.00SH SOLE 372400.00 83300.00 FOX ENTERTAINMENT GRP INC Common Stock 35138T107 14785 554350.00SH SOLE 471785.00 78965.00 FRED'S INC Common Stock 356108100 837 30050.00 SH SOLE 30050.00 FTI CONSULTING INC Common Stock 302941109 1955 42300.00 SH SOLE 31400.00 10900.00 GENERAL ELEC CO Common Stock 369604103 44989 1764259.00SH SOLE 1447541.00 334648.00 GENERAL MILLS INC Common Stock 370334104 14129 310192.00SH SOLE 269525.00 38567.00 GETTY IMAGES INC Common Stock 374276103 618 22500.00 SH SOLE 22500.00 GILEAD SCIENCES INC Common Stock 375558103 10361 246754.00SH SOLE 198010.00 60144.00 GLOBAL IMAGING SYSTEMS INC Common Stock 37934A100 2153 116400.00SH SOLE 86800.00 29600.00 GRANITE CONSTRUCTION Common Stock 387328107 991 63150.00 SH SOLE 63150.00 GUITAR CENTER INC Common Stock 402040109 1780 87400.00 SH SOLE 64800.00 22600.00 HARLEY-DAVIDSON INC Common Stock 412822108 9867 248473.00SH SOLE 212090.00 34533.00 HARMAN INTERNATIONAL Common Stock 413086109 2132 36400.00 SH SOLE 28300.00 8100.00 HCA INC Common Stock 404119109 11816 285678.00SH SOLE 241440.00 43538.00 HEADWATERS INC Common Stock 42210p102 926 65900.00 SH SOLE 65900.00 HEALTH NET INC Common Stock 42222G108 825 30800.00 SH SOLE 30800.00 HILB,ROGAL & HAMILTON CO Common Stock 431294107 606 19400.00 SH SOLE 19400.00 HOME DEPOT INC Common Stock 437076102 6914 283834.00SH SOLE 221085.00 78049.00 HOT TOPIC INC Common Stock 441339108 2079 89200.00 SH SOLE 66300.00 22900.00 HYDRIL COMPANY Common Stock 448774109 532 21300.00 SH SOLE 21300.00 IDEXX LABORATORIES INC Common Stock 45168D104 3500 100100.00SH SOLE 74900.00 25200.00 IDX SYS CORP Common Stock 449491109 2018 128700.00SH SOLE 95600.00 33100.00 IMATION CORP. Common Stock 45245A107 3919 105300.00SH SOLE 85600.00 19700.00 INAMED CORP Common Stock 453235103 3656 102200.00SH SOLE 75800.00 26400.00 INNOVEX INC Common Stock 457647105 707 109000.00SH SOLE 109000.00 INTEGRATED CIRCUITS SYSTEMS IN Common Stock 45811K208 3858 177800.00SH SOLE 144900.00 32900.00 INTEL CORP Common Stock 458140100 14947 918099.00SH SOLE 762114.00 165491.00 INTERGRAPH CORP Common Stock 458683109 2089 120500.00SH SOLE 98400.00 22100.00 INTERNATIONAL BUSINESS MACHINE Common Stock 459200101 24550 313021.00SH SOLE 270095.00 41026.00 INTUIT INC. Common Stock 461202103 9924 266780.00SH SOLE 229880.00 35100.00 ITT EDUCATIONAL SERVICES Common Stock 45068B109 2506 89500.00 SH SOLE 66400.00 23100.00 JACOBS ENGINEERING GROUP INC Common Stock 469814107 2878 68500.00 SH SOLE 55900.00 12600.00 JM SMUCKER CO/THE-NEW COM Common Stock 832696405 859 24560.00 SH SOLE 24400.00 JOHNSON & JOHNSON Common Stock 478160104 37158 642101.00SH SOLE 532780.00 116271.00 K L A - TENCOR CORP Common Stock 482480100 1075 29900.00 SH SOLE 29900.00 K-SWISS INC CL A Common Stock 482686102 2312 90500.00 SH SOLE 69600.00 20900.00 KELLOGG CO Common Stock 487836108 10134 330630.00SH SOLE 279320.00 48710.00 KIMBERLY CLARK CORP Common Stock 494368103 455 10000.00 SH SOLE 10000.00 KRONOS INC Common Stock 501052104 925 26400.00 SH SOLE 26400.00 L-3 COMMUNICATIONS Common Stock 502424104 992 24700.00 SH SOLE 24700.00 LEHMAN BROS HLDGS INC COM Common Stock 524908100 6569 113750.00SH SOLE 105300.00 1300.00 LEXMARK INT'L Common Stock 529771107 549 8200.00 SH SOLE 8200.00 LIBERTY MEDIA CORP NEW SER A Common Stock 530718105 859 88300.00 SH SOLE 88300.00 LOWE'S COMPANIES Common Stock 548661107 14211 348138.00SH SOLE 287425.00 60013.00 MACROMEDIA INC Common Stock 556100105 2777 229700.00SH SOLE 187500.00 42200.00 MAF BANCORP INC Common Stock 55261R108 2090 62100.00 SH SOLE 45700.00 16400.00 MARTEK BIOSCIENCES CORP Common Stock 572901106 2102 73700.00 SH SOLE 54600.00 19100.00 MARTIN MARIETTA MATERIALS Common Stock 573284106 966 35000.00 SH SOLE 35000.00 MATTEL INC Common Stock 577081102 1618 71900.00 SH SOLE 71900.00 MERCK & CO INC Common Stock 589331107 24592 448932.00SH SOLE 383035.00 64197.00 MERCURY COMPUTER SYSTEMS INC Common Stock 589378108 1975 72600.00 SH SOLE 54000.00 18600.00 MERCURY INTERACTIVE CORP Common Stock 589405109 1523 51300.00 SH SOLE 37800.00 13500.00 MERIT MEDICAL SYSTEMS INC Common Stock 589889104 1017 53400.00 SH SOLE 53400.00 MICROSOFT CORP Common Stock 594918104 54116 2235286.00SH SOLE 1884534.00 351032.00 MICROSTRATEGY INC Common Stock 594972408 1840 76300.00 SH SOLE 56600.00 19700.00 MID ATLANTIC MED SVC Common Stock 59523C107 2538 62600.00 SH SOLE 45600.00 17000.00 MYLAN LABORATORIES Common Stock 628530107 1065 37050.00 SH SOLE 37050.00 NABORS INDUSTRIES Common Stock G6359F103 10352 259650.00SH SOLE 238750.00 19800.00 NATIONAL-OILWELL INC Common Stock 637071101 549 24500.00 SH SOLE 24500.00 NBTY INC Common Stock 628782104 3263 172100.00SH SOLE 127500.00 44600.00 NETSCREEN TECHNOLOGIES INC Common Stock 64117V107 2539 151300.00SH SOLE 123500.00 27800.00 NEUROCRINE BIOSCIENCES INC Common Stock 64125C109 1887 45300.00 SH SOLE 33700.00 11600.00 NEW CENTURY FINANCIAL CORP Common Stock 64352d101 3103 99500.00 SH SOLE 73800.00 25700.00 NEW YORK COMMUNITY BANCORP Common Stock 649445103 2432 81600.00 SH SOLE 60000.00 21600.00 NEWELL RUBBERMAID INC Common Stock 651229106 10460 368960.00SH SOLE 316435.00 48825.00 NEXMED INC Common Stock 652903105 71 58000.00 SH SOLE 58000.00 NEXTEL COMMUNICATIONS CL A Common Stock 65332V103 878 65600.00 SH SOLE 65600.00 NOVELLUS SYSTEM INC Common Stock 670008101 1443 52900.00 SH SOLE 52900.00 NUCOR CORP Common Stock 670346105 653 17100.00 SH SOLE 17100.00 OCCIDENTAL PETE CORP DEL Common Stock 674599105 5767 192500.00SH SOLE 178300.00 2200.00 OCEAN ENERGY INC Common Stock 67481E106 1958 97900.00 SH SOLE 70900.00 27000.00 OMNIVISION TECHNOLOGIES Common Stock 682128103 1504 72600.00 SH SOLE 53900.00 18700.00 ORACLE SYSTEMS CORP Common Stock 68389X105 15544 1432737.00SH SOLE 1221005.00 208632.00 OVERLAND STORAGE INC Common Stock 690310107 750 52200.00 SH SOLE 52200.00 PACIFIC SUNWEAR OF CA INC Common Stock 694873100 2582 126900.00SH SOLE 94350.00 32550.00 PACTIV CORP Common Stock 695257105 1045 51500.00 SH SOLE 37800.00 13700.00 PAN AMERICAN SILVER CORP Common Stock 697900108 257 42100.00 SH SOLE 42100.00 PATINA OIL & GAS CORP Common Stock 703224105 1339 40700.00 SH SOLE 40700.00 PATTERSON-UTI ENERGY INC Common Stock 703481101 549 17000.00 SH SOLE 17000.00 PEOPLESOFT INC Common Stock 712713106 650 42500.00 SH SOLE 42500.00 PEPSICO INC Common Stock 713448108 15733 393324.00SH SOLE 325715.00 72309.00 PFIZER INC Common Stock 717081103 38169 1224950.00SH SOLE 1017845.00 221105.00 PHARMACEUTICAL PRODUCT DEVELOP Common Stock 717124101 2852 106200.00SH SOLE 86700.00 19500.00 PHARMACEUTICAL RESOURCES INC Common Stock 717125108 3373 79400.00 SH SOLE 58900.00 20500.00 PHARMACIA CORP Common Stock 71713u102 14971 345750.00SH SOLE 298090.00 57960.00 POGO PRODUCING Common Stock 730448107 1149 28900.00 SH SOLE 15800.00 13100.00 POWER INTEGRATIONS INC Common Stock 739276103 2664 128500.00SH SOLE 95300.00 33200.00 PRAXAIR INC Common Stock 74005P104 1042 18500.00 SH SOLE 18500.00 PRINCIPAL FINANCIAL GROUP Common Stock 74251V102 11066 407739.00SH SOLE 353120.00 51919.00 PRIORITY HEALTHCARE INC Common Stock 74264T102 4013 150600.00SH SOLE 122900.00 27700.00 PROCTER & GAMBLE CO Common Stock 742718109 27284 306387.00SH SOLE 248990.00 41947.00 QLOGIC CORP Common Stock 747277101 776 20900.00 SH SOLE 20900.00 QUALCOMM INC Common Stock 747525103 16065 446251.00SH SOLE 376925.00 68726.00 QUICKSILVER INC Common Stock 74838C106 2750 89800.00 SH SOLE 66200.00 23600.00 R&G FINANCIAL CORP Common Stock 749136107 1208 54900.00 SH SOLE 54900.00 RACING CHAMPIONS ERTL CORP Common Stock 749388104 985 64200.00 SH SOLE 64200.00 RAINBOW TECHNOLOGIES INC. Common Stock 750862104 549 58200.00 SH SOLE 58200.00 RALCORP HOLDINGS INC Common Stock 751028101 1292 49600.00 SH SOLE 36800.00 12800.00 REEBOK INT'L Common Stock 758110100 3522 107200.00SH SOLE 87800.00 19400.00 RENAISSANCERE HOLDINGS LTD Common Stock G7496G103 2844 71000.00 SH SOLE 52300.00 18700.00 RENT-A-CENTER INC Common Stock 76009N100 3960 72100.00 SH SOLE 59500.00 12600.00 REPUBLIC SERVICES INC Common Stock 760759100 833 42000.00 SH SOLE 42000.00 RESPIRONICS INC Common Stock 761230101 1031 30000.00 SH SOLE 30000.00 ROSS STORES INC Common Stock 778296103 1488 41200.00 SH SOLE 29600.00 11600.00 ROWAN COMPANIES INC Common Stock 779382100 761 38700.00 SH SOLE 38700.00 SAFECO CORP Common Stock 786429100 1476 42200.00 SH SOLE 42200.00 SAFENET INC Common Stock 78645R107 854 41700.00 SH SOLE 41700.00 SANDISK CORP Common Stock 80004C101 2584 153600.00SH SOLE 126100.00 27500.00 SCIOS INC Common Stock 808905103 4415 100200.00SH SOLE 81700.00 18500.00 SCRIPPS CO (E.W.) Common Stock 811054204 901 11900.00 SH SOLE 11900.00 SCS TRANSPORTATION INC Common Stock 81111t102 159 15000.00 SH SOLE 15000.00 SEAGATE TECHNOLOGY HOLDINGS Common Stock g7945j104 516 50000.00 SH SOLE 50000.00 SENSIENT TECHNOLOGIES CORP Common Stock 81725T100 1093 54600.00 SH SOLE 40300.00 14300.00 SHURGARD STORAGE CTRS Common Stock 82567D104 165 5300.00 SH SOLE 5300.00 SILICON LABS INC. Common Stock 826919102 1666 63700.00 SH SOLE 47200.00 16500.00 SLM CORP Common Stock 78442P106 25813 232720.00SH SOLE 198640.00 33930.00 SOUTHTRUST CORP Common Stock 844730101 687 26900.00 SH SOLE 26900.00 ST JUDE MEDICAL INC Common Stock 790849103 13983 286829.00SH SOLE 239095.00 46984.00 ST MARY LAND & EXPLORATION Common Stock 792228108 2014 80400.00 SH SOLE 59100.00 21300.00 STAGE STORES INC Common Stock 85254c305 1065 50300.00 SH SOLE 50300.00 STAPLES INC Common Stock 855030102 1421 77500.00 SH SOLE 77500.00 STERICYCLE INC Common Stock 858912108 4417 117500.00SH SOLE 95900.00 21600.00 STORAGE TECH CORP Common Stock 862111200 1324 65500.00 SH SOLE 48000.00 17500.00 STRYKER CORP Common Stock 863667101 851 12400.00 SH SOLE 12400.00 SYMANTEC CORP Common Stock 871503108 11875 303094.00SH SOLE 259975.00 41469.00 SYMBOL TECHNOLOGIES Common Stock 871508107 827 96000.00 SH SOLE 96000.00 SYSCO CORP Common Stock 871829107 10967 431103.00SH SOLE 363875.00 66578.00 TEMPLE INLAND INC Common Stock 879868107 426 11400.00 SH SOLE 11400.00 TENET HEALTHCARE CORP Common Stock 88033G100 292 17500.00 SH SOLE 17500.00 TEVA PHARMACEUTICAL INDUSTRIES Common Stock 881624209 19311 463657.00SH SOLE 399545.00 62212.00 TEXAS INSTRUMENTS INC Common Stock 882508104 887 54200.00 SH SOLE 53600.00 600.00 THE DIAL CORPORATION Common Stock 25247d101 887 45700.00 SH SOLE 45700.00 THE SCOTTS COMPANY Common Stock 810186106 3491 67400.00 SH SOLE 55000.00 12400.00 TRIMBLE NAVIGATION LTD Common Stock 896239100 2100 110700.00SH SOLE 82200.00 28500.00 UCBH HOLDINGS INC Common Stock 90262T308 1509 34300.00 SH SOLE 34300.00 UNION PAC CORP Common Stock 907818108 385 7000.00 SH SOLE UNITED HEALTH GROUP INC Common Stock 91324p102 17006 185509.00SH SOLE 157930.00 27179.00 UNITED ONLINE INC Common Stock 911268100 2720 157800.00SH SOLE 117100.00 40700.00 UNITED PARCEL SERVICE, INC Common Stock 911312106 12252 214942.00SH SOLE 180910.00 31232.00 US BANCORP Common Stock 902973304 1351 71200.00 SH SOLE 71200.00 UTSTARCOM INC. Common Stock 918076100 1941 97100.00 SH SOLE 72100.00 25000.00 VARIAN MEDICAL SYSTEMS Common Stock 92220P105 3705 68700.00 SH SOLE 50000.00 18700.00 VCA ANTECH INC Common Stock 918194101 2331 150700.00SH SOLE 116400.00 34300.00 VERITY INC Common Stock 92343C106 1822 131100.00SH SOLE 97600.00 33500.00 VERIZON COMMUNICATIONS Common Stock 92343v104 6080 172000.00SH SOLE 159400.00 2000.00 W HOLDING COMPANY INC Common Stock 929251106 2990 162850.00SH SOLE 123350.00 39500.00 WAL-MART STORES INC Common Stock 931142103 33910 651734.00SH SOLE 548329.00 101605.00 WASHINGTON FED INC Common Stock 938824109 151 7155.00 SH SOLE 6086.00 1069.00 WASTE CONNECTIONS INC Common Stock 941053100 1987 57600.00 SH SOLE 43200.00 14400.00 WATSON PHARMACEUTICALS INC Common Stock 942683103 506 17600.00 SH SOLE 17600.00 WESTWOOD ONE INC Common Stock 961815107 406 13000.00 SH SOLE 13000.00 WILLIS GROUP HOLDINGS LTD Common Stock G96655108 12544 452838.00SH SOLE 380045.00 69193.00 WINTRUST FINANCIAL CORP Common Stock 97650W108 1104 38600.00 SH SOLE 38600.00 XILINX INC Common Stock 983919101 887 37900.00 SH SOLE 37900.00 XTO ENERGY INC. Common Stock 98385X106 2434 128131.00SH SOLE 95465.00 32666.00 YAHOO INC Common Stock 984332106 1311 54600.00 SH SOLE 54600.00 YELLOW CORP Common Stock 985509108 974 40400.00 SH SOLE 40400.00 ZIMMER HOLDINGS INC Common Stock 98956P102 10239 210545.00SH SOLE 164105.00 56140.00 SIRACH SPECIAL EQUITY PORTFOLI 00758m345 80972 208154162SH SOLE 19671423.563 1143992.64 SIRACH EQUITY FUND 00758m352 830 107255 SH SOLE 99965 7290 THE FOCUS FUND, L.P. 82 100000 SH SOLE 100000