13F-HR 1 a13ftable.txt 2ND QTR 2003 13F UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 13-F FORM 13-F COVER PAGE Report for the quarter ending: June 30, 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: July 30, 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: 274 Form 13-F Information table value total: 1,482,967 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 19039 147609.00SH SOLE 126020.00 20264.00 AARON RENTS INC Common Stock 002535201 1135 44000.00 SH SOLE 44000.00 ABERCROMBIE & FITCH CO Common Stock 002896207 938 33000.00 SH SOLE 33000.00 ACE LTD Common Stock G0070K103 789 23000.00 SH SOLE 23000.00 ADVANCED DIGITAL INFO CORP Common Stock 007525108 1054 106200.00SH SOLE 106200.00 ADVANCED NEUROMODULATION SYS Common Stock 00757T101 1164 22600.00 SH SOLE 22600.00 ADVANCEPCS Common Stock 00790K109 1063 27800.00 SH SOLE 27800.00 ADVISORY BOARD CO Common Stock 00762w107 1486 36900.00 SH SOLE 36900.00 AEROFLEX INC Common Stock 007768104 1256 163500.00SH SOLE 163500.00 AEROPOSTALE INC Common Stock 007865108 1048 48800.00 SH SOLE 48800.00 AETNA INC Common Stock 00817Y108 825 13700.00 SH SOLE 13700.00 AFLAC INC Common Stock 001055102 13118 426595.00SH SOLE 368740.00 54455.00 AIRGAS INC Common Stock 009363102 1410 84200.00 SH SOLE 84200.00 ALASKA AIR GROUP INC Common Stock 011659109 1278 59600.00 SH SOLE 59600.00 ALLIANCE GAMING Common Stock 01859p609 3858 204000.00SH SOLE 204000.00 ALTERA CORP Common Stock 021441100 1259 76600.00 SH SOLE 76600.00 AMAZON.COM Common Stock 023135106 1671 46000.00 SH SOLE 46000.00 AMBAC FINANCIAL GROUP INC Common Stock 023139108 12748 192425.00SH SOLE 162615.00 27610.00 AMERICA SERVICES GROUP Common Stock 02364L109 1996 111500.00SH SOLE 111500.00 AMERICAN EXPRESS CO Common Stock 025816109 11734 280648.00SH SOLE 236555.00 41193.00 AMERICAN HEALTHWAYS INC Common Stock 02649V104 2132 59200.00 SH SOLE 59200.00 AMERICAN INTL GROUP Common Stock 026874107 15365 278459.00SH SOLE 239372.00 33927.00 AMERICAN PHARMACEUTICAL Common Stock 02886P109 773 22800.00 SH SOLE 22800.00 AMETEK INC NEW COM Common Stock 031100100 1184 32300.00 SH SOLE 32300.00 AMGEN INC Common Stock 031162100 22827 346171.00SH SOLE 290560.00 57261.00 ANADARKO PETROLEUM Common Stock 032511107 5162 116073.00SH SOLE 103800.00 1400.00 ANSYS INC. Common Stock 03662Q105 1785 56900.00 SH SOLE 56900.00 ANTHEM INC Common Stock 03674B104 7533 97637.00 SH SOLE 78821.00 23316.00 APACHE CORP Common Stock 037411105 1858 28560.00 SH SOLE 27668.00 630.00 APOLLO GROUP INC Common Stock 037604105 20784 336316.00SH SOLE 289340.00 45276.00 APPLEBEE'S INTL INC Common Stock 037899101 2634 83800.00 SH SOLE 83800.00 APPLIED FILMS CORP Common Stock 038197109 771 29800.00 SH SOLE 29800.00 APPLIED MATERIALS INC Common Stock 038222105 14589 921027.00SH SOLE 779900.00 135527.00 AUTOZONE INC Common Stock 053332102 16562 218001.00SH SOLE 188895.00 26806.00 AVERY DENNISON CORP Common Stock 053611109 718 14300.00 SH SOLE 14300.00 AVID TECHNOLOGY INC Common Stock 05367P100 869 24600.00 SH SOLE 24600.00 AVOCENT CORP Common Stock 053893103 2810 94000.00 SH SOLE 94000.00 BALLARD POWER SYSTEM Common Stock 05858h104 572 42000.00 SH SOLE 42000.00 BANK OF AMERICA CORP Common Stock 060505104 22720 287483.00SH SOLE 254140.00 23518.00 BEA SYS INC Common Stock 073325102 634 58200.00 SH SOLE 58200.00 BEAR STEARNS COS INC Common Stock 073902108 985 13600.00 SH SOLE 13600.00 BECTON DICKINSON & CO Common Stock 075887109 835 21500.00 SH SOLE 21500.00 BED BATH & BEYOND Common Stock 075896100 13084 337033.00SH SOLE 290800.00 44133.00 BENCHMARK ELECTRONICS INC Common Stock 08160H101 920 29900.00 SH SOLE 29900.00 BIOMET INC Common Stock 090613100 804 28000.00 SH SOLE 28000.00 BIOSITE INC Common Stock 090945106 1286 26700.00 SH SOLE 26700.00 BIOVAIL CORP Common Stock 09067j109 720 15300.00 SH SOLE 15300.00 BMC SOFTWARE INC Common Stock 055921100 717 43900.00 SH SOLE 43900.00 BOEING COMPANY Common Stock 097023105 346 10089.00 SH SOLE 470.00 BOSTON SCIENTIFIC CORP Common Stock 101137107 25979 425186.00SH SOLE 365015.00 56571.00 BRADLEY PHARMACEUTICALS INC Common Stock 104576103 541 32800.00 SH SOLE 32800.00 BURLINGTON RES INC Common Stock 122014103 8884 164300.00SH SOLE 154200.00 1600.00 CABOT MICROELECTRONICS CORP Common Stock 12709p103 1291 25600.00 SH SOLE 25600.00 CAREMARK RX INC Common Stock 141705103 1261 49100.00 SH SOLE 49100.00 CENTEX CORP Common Stock 152312104 1003 12900.00 SH SOLE 12900.00 CENTURYTEL INC Common Stock 156700106 7256 208200.00SH SOLE 194100.00 2200.00 CHIRON CORP Common Stock 170040109 1241 28300.00 SH SOLE 28300.00 CISCO SYS INC Common Stock 17275R102 22933 1365888.0SH SOLE 1126606.00 256523.00 CITIGROUP INC Common Stock 172967101 15271 356791.00SH SOLE 319373.00 5297.00 CITRIX SYSTEMS INC Common Stock 177376100 1287 63200.00 SH SOLE 63200.00 CLAIRES STORES INC Common Stock 179584107 1083 42700.00 SH SOLE 42700.00 CLOROX CO Common Stock 189054109 879 20600.00 SH SOLE 20600.00 COACH INC Common Stock 189754104 1746 35100.00 SH SOLE 35100.00 COHU INC Common Stock 192576106 955 61200.00 SH SOLE 61200.00 COLUMBIA SPORTSWEAR Common Stock 198516106 704 13700.00 SH SOLE 13700.00 COMCAST SPECIAL CLASS A Common Stock 20030n200 1281 44200.00 SH SOLE 44200.00 COMMONWEALTH TELEPHONE ENTRP Common Stock 203349105 1090 24800.00 SH SOLE 24800.00 CONCEPTUS INC Common Stock 206016107 1291 92100.00 SH SOLE 92100.00 CONNETICS CORP Common Stock 208192104 610 40700.00 SH SOLE 40700.00 CORINTHIAN COLLEGES Common Stock 218868107 1807 37400.00 SH SOLE 37400.00 CORPORATE EXECUTIVE BOARD CO Common Stock 21988R102 674 16500.00 SH SOLE 16500.00 COSTCO WHOLESALE CORP Common Stock 22160k105 783 21400.00 SH SOLE 20550.00 500.00 COUNTRYWIDE FINANCIAL CORP. Common Stock 222372104 12012 172664.00SH SOLE 146175.00 25689.00 COX COMMUNICATIONS Common Stock 224044107 1337 41900.00 SH SOLE 41900.00 CRAY INC Common Stock 225223106 1955 247500.00SH SOLE 247500.00 DEAN FOODS CO Common Stock 242370104 16256 516049.00SH SOLE 442714.50 69184.50 DELL INC Common Stock 24702r101 21818 685226.00SH SOLE 577530.00 110296.00 DENBURY RESOURCES INC Common Stock 247916208 1010 75200.00 SH SOLE 75200.00 DEVON ENERGY CORP Common Stock 25179M103 1180 22097.00 SH SOLE 22097.00 DIGITAL INSIGHT CORP Common Stock 25385P106 1131 59700.00 SH SOLE 59700.00 DIME COMMUNITY BANCSHARES Common Stock 253922108 2324 91700.00 SH SOLE 91700.00 EAST WEST BANCORP INC Common Stock 27579R104 976 27000.00 SH SOLE 27000.00 ECOLAB INC Common Stock 278865100 12425 485334.00SH SOLE 418260.00 64674.00 EMC CORP Common Stock 268648102 6230 595067.00SH SOLE 465605.00 159862.00 EMERITUS CORP Common Stock 291005106 145 34600.00 SH SOLE 34600.00 ENGINEERED SUPPORT SYSTEMS Common Stock 292866100 1045 25050.00 SH SOLE 25050.00 ENSCO INTL INC Common Stock 26874Q100 565 21000.00 SH SOLE 21000.00 ENTEGRIS INC Common Stock 29362U104 1442 106900.00SH SOLE 106900.00 ENTERGY CORP Common Stock 29364G103 1029 19500.00 SH SOLE 19500.00 EON LABS INC Common Stock 29412E100 1160 33000.00 SH SOLE 33000.00 EXPRESS SCRIPTS Common Stock 302182100 554 8100.00 SH SOLE 8100.00 EXXON MOBIL Common Stock 30231G102 17374 483810.00SH SOLE 422460.00 5900.00 F5 NETWORKS INC COM Common Stock 315616102 1403 84400.00 SH SOLE 84400.00 FEDERAL NATL MTG ASSN Common Stock 313586109 13620 201963.00SH SOLE 167245.00 35718.00 FEDERAL REALTY INVS TRUST Common Stock 313747206 614 19200.00 SH SOLE 19200.00 FEDEX CORP Common Stock 31428X106 7022 113200.00SH SOLE 104500.00 1400.00 FIDELITY NATIONAL FINANCIAL CO Common Stock 316326107 1153 37500.00 SH SOLE 37500.00 FIFTH THIRD BANCORP Common Stock 316773100 1200 20900.00 SH SOLE 20900.00 FIRST TENNESSEE NATIONAL CORP Common Stock 337162101 14152 322289.00SH SOLE 279965.00 37424.00 FLIR SYSTEMS INC Common Stock 302445101 1427 47400.00 SH SOLE 47400.00 FORD MOTOR CO Common Stock 345370860 288 26228.00 SH SOLE FOREST LABS INC. Common Stock 345838106 12915 235882.00SH SOLE 200860.00 34222.00 FORTUNE BRANDS INC Common Stock 349631101 18472 353875.00SH SOLE 298220.00 52155.00 FOUNDRY NETWORKS Common Stock 35063R100 777 54500.00 SH SOLE 54500.00 FOX ENTERTAINMENT GRP INC Common Stock 35138T107 7196 250035.00SH SOLE 208540.00 40095.00 FRED'S INC Common Stock 356108100 1125 30050.00 SH SOLE 30050.00 FTI CONSULTING INC Common Stock 302941109 985 39450.00 SH SOLE 39450.00 GENERAL ELEC CO Common Stock 369604103 50735 1769019.0SH SOLE 1451236.00 335713.00 GENERAL MILLS INC Common Stock 370334104 18367 387400.00SH SOLE 329175.00 55100.00 GETTY IMAGES INC Common Stock 374276103 847 20500.00 SH SOLE 20500.00 GILEAD SCIENCES INC Common Stock 375558103 14079 253454.00SH SOLE 204710.00 60144.00 GLOBAL IMAGING SYSTEMS INC Common Stock 37934A100 813 35200.00 SH SOLE 35200.00 GLOBAL PAYMENTS INC Common Stock 37940X102 774 21800.00 SH SOLE 21800.00 GRANITE CONSTRUCTION Common Stock 387328107 1210 63150.00 SH SOLE 63150.00 GUITAR CENTER INC Common Stock 402040109 1096 37700.00 SH SOLE 37700.00 HARLEY-DAVIDSON INC Common Stock 412822108 9712 243648.00SH SOLE 206165.00 35633.00 HARMAN INTERNATIONAL Common Stock 413086109 1464 18500.00 SH SOLE 18500.00 HEALTH NET INC Common Stock 42222G108 1015 30800.00 SH SOLE 30800.00 HILB,ROGAL & HAMILTON CO Common Stock 431294107 660 19400.00 SH SOLE 19400.00 HOME DEPOT INC Common Stock 437076102 9566 288834.00SH SOLE 226085.00 78049.00 HOT TOPIC INC Common Stock 441339108 1607 59600.00 SH SOLE 59600.00 IDEXX LABORATORIES INC Common Stock 45168D104 890 26700.00 SH SOLE 26700.00 INAMED CORP Common Stock 453235103 1281 24000.00 SH SOLE 24000.00 INNOVEX INC Common Stock 457647105 1109 109000.00SH SOLE 109000.00 INTEGRATED CIRCUITS SYSTEMS IN Common Stock 45811K208 1143 36400.00 SH SOLE 36400.00 INTEL CORP Common Stock 458140100 30485 1464939.0SH SOLE 1220104.00 261341.00 INTERNATIONAL BUSINESS MACHINE Common Stock 459200101 29420 356612.00SH SOLE 302916.00 51596.00 INTERNATIONAL GAME TECH Common Stock 459902102 14182 138595.00SH SOLE 122750.00 19845.00 INTUITIVE SURGICAL INC Common Stock 46120e602 811 107000.00SH SOLE 107000.00 ITT EDUCATIONAL SERVICES Common Stock 45068B109 1135 38800.00 SH SOLE 38800.00 J2 GLOBAL COMMUNICATIONS INC Common Stock 46626E205 966 21000.00 SH SOLE 21000.00 JACOBS ENGINEERING GROUP INC Common Stock 469814107 485 11500.00 SH SOLE 11500.00 JM SMUCKER CO/THE-NEW COM Common Stock 832696405 980 24560.00 SH SOLE 24400.00 JOHNSON & JOHNSON Common Stock 478160104 33088 640001.00SH SOLE 527480.00 119371.00 JUNIPER NETWORKS INC Common Stock 48203R104 686 55000.00 SH SOLE 55000.00 K L A - TENCOR CORP Common Stock 482480100 1389 29900.00 SH SOLE 29900.00 K-SWISS INC CL A Common Stock 482686102 1536 44500.00 SH SOLE 44500.00 KELLOGG CO Common Stock 487836108 11163 324780.00SH SOLE 272470.00 49710.00 KENSEY NASH CORP Common Stock 490057106 1271 49600.00 SH SOLE 49600.00 KIMBERLY CLARK CORP Common Stock 494368103 521 10000.00 SH SOLE 10000.00 KOS PHARMACEUTICALS INC. Common Stock 500648100 708 30200.00 SH SOLE 30200.00 L-3 COMMUNICATIONS Common Stock 502424104 1074 24700.00 SH SOLE 24700.00 LEHMAN BROS HLDGS INC COM Common Stock 524908100 7130 107250.00SH SOLE 98800.00 1300.00 LEXMARK INT'L Common Stock 529771107 1246 17600.00 SH SOLE 17600.00 LIBERTY MEDIA CORP NEW SER A Common Stock 530718105 1021 88300.00 SH SOLE 88300.00 LIZ CLAIBORNE Common Stock 539320101 952 27000.00 SH SOLE 27000.00 LOWE'S COMPANIES Common Stock 548661107 11410 265658.00SH SOLE 224960.00 39298.00 MACROMEDIA INC Common Stock 556100105 2874 136800.00SH SOLE 136800.00 MAF BANCORP INC Common Stock 55261R108 968 26100.00 SH SOLE 26100.00 MARTEK BIOSCIENCES CORP Common Stock 572901106 987 23000.00 SH SOLE 23000.00 MARTIN MARIETTA MATERIALS Common Stock 573284106 1176 35000.00 SH SOLE 35000.00 MATTEL INC Common Stock 577081102 971 51300.00 SH SOLE 51300.00 MCDATA CORP CL A Common Stock 580031201 2520 172000.00SH SOLE 172000.00 MEDTRONIC INC Common Stock 585055106 11187 233210.00SH SOLE 196170.00 34540.00 MERCK & CO INC Common Stock 589331107 33068 546129.00SH SOLE 462495.00 80534.00 MERCURY INTERACTIVE CORP Common Stock 589405109 1213 31300.00 SH SOLE 31300.00 MERIT MEDICAL SYSTEMS INC Common Stock 589889104 738 36900.00 SH SOLE 36900.00 MESA AIR GROUP INC Common Stock 590479101 849 106700.00SH SOLE 106700.00 MICROSOFT CORP Common Stock 594918104 56969 2221886.0SH SOLE 1857534.00 362832.00 MICROSTRATEGY INC Common Stock 594972408 1205 32900.00 SH SOLE 32900.00 MID ATLANTIC MED SVC Common Stock 59523C107 1318 25200.00 SH SOLE 25200.00 MYLAN LABORATORIES Common Stock 628530107 1302 37450.00 SH SOLE 37450.00 NABORS INDUSTRIES Common Stock G6359F103 10780 272711.00SH SOLE 233875.00 37736.00 NATIONAL-OILWELL INC Common Stock 637071101 539 24500.00 SH SOLE 24500.00 NAVIGANT CONSULTING Common Stock 63935N107 1235 104200.00SH SOLE 104200.00 NETSCREEN TECHNOLOGIES INC Common Stock 64117V107 2009 90100.00 SH SOLE 90100.00 NEUROCRINE BIOSCIENCES INC Common Stock 64125C109 1314 26300.00 SH SOLE 26300.00 NEW CENTURY FINANCIAL CORP Common Stock 64352d101 1160 26700.00 SH SOLE 26700.00 NEW YORK COMMUNITY BANCORP Common Stock 649445103 1321 45399.00 SH SOLE 45399.00 NEXMED INC Common Stock 652903105 242 58000.00 SH SOLE 58000.00 NEXTEL COMMUNICATIONS CL A Common Stock 65332V103 1185 65600.00 SH SOLE 65600.00 NOKIA CORP Common Stock 654902204 19642 1195495.0SH SOLE 1015050.00 173345.0 NOVELLUS SYSTEM INC Common Stock 670008101 1517 41400.00 SH SOLE 41400.00 NOVEN PHARMACEUTICAL INC Common Stock 670009109 425 41500.00 SH SOLE 41500.00 NUCOR CORP Common Stock 670346105 835 17100.00 SH SOLE 17100.00 OCCIDENTAL PETE CORP DEL Common Stock 674599105 6086 181400.00SH SOLE 167200.00 2200.00 OMNICARE INC Common Stock 681904108 892 26400.00 SH SOLE 26400.00 OMNIVISION TECHNOLOGIES Common Stock 682128103 974 31300.00 SH SOLE 31300.00 OPEN TEXT CORP Common Stock 683715106 523 18500.00 SH SOLE 18500.00 ORACLE SYSTEMS CORP Common Stock 68389X105 21341 1776968.0SH SOLE 1501835.00 274033.00 OUTBACK STEAKHOUSE Common Stock 689899102 1260 32300.00 SH SOLE 32300.00 OVERLAND STORAGE INC Common Stock 690310107 1412 69400.00 SH SOLE 69400.00 PACIFIC SUNWEAR OF CA INC Common Stock 694873100 1333 55350.00 SH SOLE 55350.00 PAN AMERICAN SILVER CORP Common Stock 697900108 297 42100.00 SH SOLE 42100.00 PATINA OIL & GAS CORP Common Stock 703224105 1636 50875.00 SH SOLE 50875.00 PATTERSON-UTI ENERGY INC Common Stock 703481101 359 11100.00 SH SOLE 11100.00 PENN NATIONAL GAMING Common Stock 707569109 882 43000.00 SH SOLE 43000.00 PENWEST PHARMACEUTICALS CO Common Stock 709754105 755 31000.00 SH SOLE 31000.00 PEPSICO INC Common Stock 713448108 17570 394824.00SH SOLE 326615.00 72909.00 PFIZER INC Common Stock 717081103 47265 1384049.0SH SOLE 1118291.00 294178.00 PHARMACEUTICAL PRODUCT DEVELOP Common Stock 717124101 2458 85600.00 SH SOLE 85600.00 PHARMACEUTICAL RESOURCES INC Common Stock 717125108 925 19000.00 SH SOLE 19000.00 PIER 1 IMPORTS INC Common Stock 720279108 720 35300.00 SH SOLE 35300.00 PIXELWORKS INC Common Stock 72581M107 635 106600.00SH SOLE 106600.00 POWER INTEGRATIONS INC Common Stock 739276103 1347 55400.00 SH SOLE 55400.00 PRAXAIR INC Common Stock 74005P104 1112 18500.00 SH SOLE 18500.00 PRINCIPAL FINANCIAL GROUP Common Stock 74251V102 12763 395739.00SH SOLE 341120.00 51919.00 PROCTER & GAMBLE CO Common Stock 742718109 27114 304037.00SH SOLE 246640.00 41947.00 QLOGIC CORP Common Stock 747277101 1669 34600.00 SH SOLE 34600.00 QUICKSILVER INC Common Stock 74838C106 956 58000.00 SH SOLE 58000.00 R&G FINANCIAL CORP Common Stock 749136107 1298 43700.00 SH SOLE 43700.00 RACING CHAMPIONS ERTL CORP Common Stock 749388104 1100 64200.00 SH SOLE 64200.00 RALCORP HOLDINGS INC Common Stock 751028101 811 32500.00 SH SOLE 32500.00 RARE HOSPITALITY INT'L Common Stock 753820109 990 30500.00 SH SOLE 30500.00 REEBOK INT'L Common Stock 758110100 1685 50100.00 SH SOLE 50100.00 RENAISSANCERE HOLDINGS LTD Common Stock G7496G103 1347 29600.00 SH SOLE 29600.00 REPUBLIC SERVICES INC Common Stock 760759100 952 42000.00 SH SOLE 42000.00 RESPIRONICS INC Common Stock 761230101 908 24400.00 SH SOLE 24400.00 ROSS STORES INC Common Stock 778296103 670 15600.00 SH SOLE 15600.00 ROWAN COMPANIES INC Common Stock 779382100 867 38700.00 SH SOLE 38700.00 SAFECO CORP Common Stock 786429100 882 25000.00 SH SOLE 25000.00 SAFENET INC Common Stock 78645R107 1157 41700.00 SH SOLE 41700.00 SANDISK CORP Common Stock 80004C101 2568 63300.00 SH SOLE 63300.00 SCRIPPS CO (E.W.) Common Stock 811054204 1056 11900.00 SH SOLE 11900.00 SCS TRANSPORTATION INC Common Stock 81111t102 191 15000.00 SH SOLE 15000.00 SEAGATE TECHNOLOGY HOLDINGS Common Stock g7945j104 882 50000.00 SH SOLE 50000.00 SENSIENT TECHNOLOGIES CORP Common Stock 81725T100 538 23400.00 SH SOLE 23400.00 SHURGARD STORAGE CTRS Common Stock 82567D104 175 5300.00 SH SOLE 5300.00 SIERRA HEALTH SERVICES Common Stock 826322109 694 34700.00 SH SOLE 34700.00 SILICON LABS INC. Common Stock 826919102 727 27300.00 SH SOLE 27300.00 SLM CORP Common Stock 78442P106 24813 633467.00SH SOLE 546590.00 79527.00 SOUTHTRUST CORP Common Stock 844730101 726 26900.00 SH SOLE 26900.00 ST JUDE MEDICAL INC Common Stock 790849103 16006 278361.00SH SOLE 236070.00 41541.00 ST MARY LAND & EXPLORATION Common Stock 792228108 917 33600.00 SH SOLE 33600.00 STAGE STORES INC Common Stock 85254c305 841 35800.00 SH SOLE 35800.00 STAPLES INC Common Stock 855030102 16718 911037.00SH SOLE 780845.00 123992.00 STERICYCLE INC Common Stock 858912108 990 25800.00 SH SOLE 25800.00 STORAGE TECH CORP Common Stock 862111200 1014 39400.00 SH SOLE 39400.00 STRYKER CORP Common Stock 863667101 860 12400.00 SH SOLE 12400.00 SYMANTEC CORP Common Stock 871503108 16091 366444.00SH SOLE 308080.00 59214.00 SYMBOL TECHNOLOGIES Common Stock 871508107 1249 96000.00 SH SOLE 96000.00 SYNOPSYS INC Common Stock 871607107 991 16000.00 SH SOLE 16000.00 SYSCO CORP Common Stock 871829107 13039 434053.00SH SOLE 362725.00 69178.00 TECHNE CORP Common Stock 878377100 753 24800.00 SH SOLE 24800.00 TEKELEC Common Stock 879101103 986 87600.00 SH SOLE 87600.00 TEMPLE INLAND INC Common Stock 879868107 489 11400.00 SH SOLE 11400.00 TETRA TECH INC Common Stock 88162G103 995 57200.00 SH SOLE 57200.00 TEVA PHARMACEUTICAL INDUSTRIES Common Stock 881624209 24816 436132.00SH SOLE 379320.00 54912.00 TEXAS INSTRUMENTS INC Common Stock 882508104 769 43700.00 SH SOLE 43100.00 600.00 TEXAS REGIONAL BANCSHARES Common Stock 882673106 988 29000.00 SH SOLE 29000.00 THE DIAL CORPORATION Common Stock 25247d101 582 29900.00 SH SOLE 29900.00 THE SCOTTS COMPANY Common Stock 810186106 1208 24400.00 SH SOLE 24400.00 TRACTOR SUPPLY CO. Common Stock 892356106 1018 21500.00 SH SOLE 21500.00 TRIMBLE NAVIGATION LTD Common Stock 896239100 815 35400.00 SH SOLE 35400.00 UCBH HOLDINGS INC Common Stock 90262T308 1638 57100.00 SH SOLE 57100.00 UNION PAC CORP Common Stock 907818108 406 7000.00 SH SOLE UNITED HEALTH GROUP INC Common Stock 91324p102 18523 368618.00SH SOLE 313460.00 54358.00 UNITED ONLINE INC Common Stock 911268100 1361 53700.00 SH SOLE 53700.00 UNITED PARCEL SERVICE, INC Common Stock 911312106 13539 212542.00SH SOLE 177510.00 32232.00 UNITED SURGICAL PARTNERS Common Stock 913016309 1090 48300.00 SH SOLE 48300.00 UNITED THERAPEUTICS CORP Common Stock 91307C102 1086 50200.00 SH SOLE 50200.00 US BANCORP Common Stock 902973304 1744 71200.00 SH SOLE 71200.00 UTSTARCOM INC. Common Stock 918076100 1329 37300.00 SH SOLE 37300.00 VARIAN MEDICAL SYSTEMS Common Stock 92220P105 1589 27600.00 SH SOLE 27600.00 VCA ANTECH INC Common Stock 918194101 1482 75000.00 SH SOLE 75000.00 VERITAS SOFTWARE CO Common Stock 923436109 1821 63200.00 SH SOLE 63200.00 VERIZON COMMUNICATIONS Common Stock 92343v104 6521 165300.00SH SOLE 151300.00 2400.00 WAL-MART STORES INC Common Stock 931142103 41437 772069.00SH SOLE 648599.00 120770.00 WASHINGTON FED INC Common Stock 938824109 166 7155.00 SH SOLE 6086.00 1069.00 WATSON PHARMACEUTICALS INC Common Stock 942683103 711 17600.00 SH SOLE 17600.00 WEYERHAEUSER CORP Common Stock 962166104 968 17927.00 SH SOLE 17927.00 WILLIS GROUP HOLDINGS LTD Common Stock G96655108 19062 619918.00SH SOLE 536495.00 80323.00 WINTRUST FINANCIAL CORP Common Stock 97650W108 1436 48200.00 SH SOLE 48200.00 WOLVERINE WORLD WIDE Common Stock 978097103 1188 61700.00 SH SOLE 61700.00 WRIGHT MEDICAL GROUP INC Common Stock 98235T107 2263 119000.00SH SOLE 119000.00 XILINX INC Common Stock 983919101 959 37900.00 SH SOLE 37900.00 XTO ENERGY INC. Common Stock 98385X106 1134 56399.00 SH SOLE 56399.00 YAHOO INC Common Stock 984332106 1785 54600.00 SH SOLE 54600.00 YANKEE CANDLE CO Common Stock 984757104 1115 48000.00 SH SOLE 48000.00 YELLOW CORP Common Stock 985509108 941 40400.00 SH SOLE 40400.00 ZIMMER HOLDINGS INC Common Stock 98956P102 12397 275175.00SH SOLE 233245.00 40580.00 SIRACH SPECIAL EQUITY PORTFOLI 00758m345 92233 20450685.SH SOLE 19306692.636 1143992.64 SIRACH EQUITY FUND 00758m352 919 107255 SH SOLE 99965 7290 THE FOCUS FUND, L.P. 991101nv4 82 100000 SH SOLE 100000