13F-HR 1 hw13f071.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: March 31, 2007 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: Hotchkis and Wiley Capital Management, LLC Address: 725 South Figueroa Street, 39th Floor Los Angeles, CA 90017-5439 13F File Number: 028-10068 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, and tables, are considered integral parts of this form. Person Signing this Report on Behalf of Reporting Manager: Name: Tina H. Kodama Title: Chief Compliance Officer Phone: 213-430-1897 Signature, Place and Date of Signing: /s/ Tina H. Kodama Los Angeles, CA May 14, 2007 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 Form 13F Information Table Entry Total: 124 Form 13F Information Table Value Total: $31,632,861 (thousands) List of Other Included Managers: NONE ITEM 4 ITEM 6 ITEM 8 FAIR MKT ITEM 5 INVSMNT VOTING AUTHORITY ITEM 1 ITEM 2 ITEM 3 VALUE SH/PRN SH PT DISCRET ITEM 7 (SHARES) ISSUER CLASS SECID (000s) AMOUNT PN CL TYPE MRG (A)SOLE (B)SHARED(C)NONE AGILE SOFTWARE CORP DEL COM 00846X105 8479. 1220000. SH SOLE 778100. 0. 441900. AGRIUM INC COM 008916108 216361. 5644700. SH SOLE 4974600. 0. 670100. ALCOA INC COM 013817101 728924. 21502182. SH SOLE 14863622. 0. 6638560. ALEXANDER & BALDWIN INC COM 014482103 108350. 2148100. SH SOLE 1745500. 0. 402600. ALTRIA GROUP INC COM 02209S103 252612. 2876801. SH SOLE 2140701. 0. 736100. AMERICAN HOME MTG INVT CORP COM 02660R107 61032. 2261296. SH SOLE 2114896. 0. 146400. ASSURANT INC COM 04621X108 95520. 1781100. SH SOLE 1239200. 0. 541900. AVIS BUDGET GROUP COM 053774105 207119. 7581213. SH SOLE 6083052. 0. 1498161. BJS WHOLESALE CLUB INC COM 05548J106 154113. 4555500. SH SOLE 3879600. 0. 675900. BMC SOFTWARE INC COM 055921100 475385. 15439592. SH SOLE 12321692. 0. 3117900. BANK OF AMERICA CORPORATION COM 060505104 421103. 8253694. SH SOLE 5695799. 0. 2557895. BAUER EDDIE HLDGS INC COM 071625107 6729. 591800. SH SOLE 539400. 0. 52400. BEARINGPOINT INC COM 074002106 55893. 7296800. SH SOLE 6223300. 0. 1073500. BEAZER HOMES USA INC COM 07556Q105 45311. 1560833. SH SOLE 1201033. 0. 359800. BOWNE & CO INC COM 103043105 14505. 922100. SH SOLE 603900. 0. 318200. BROOKFIELD HOMES CORP COM 112723101 14459. 450429. SH SOLE 315493. 0. 134936. CF INDS HLDGS INC COM 125269100 2328. 60400. SH SOLE 60400. 0. 0. CNA FINL CORP COM 126117100 96798. 2246424. SH SOLE 2091824. 0. 154600. CA INC COM 12673P105 1597204. 61644299. SH SOLE 45697373. 0.15946926. CALIFORNIA COASTAL CMNTYS IN COM NEW 129915203 7945. 391576. SH SOLE 255676. 0. 135900. CAPITAL LEASE FDG INC COM 140288101 44252. 4131800. SH SOLE 2811000. 0. 1320800. CENTEX CORP COM 152312104 677847. 16224200. SH SOLE 10630500. 0. 5593700. COMERICA INC COM 200340107 357605. 6048800. SH SOLE 4658900. 0. 1389900. COMSTOCK HOMEBUILDING COS IN CL A 205684103 2279. 562600. SH SOLE 365200. 0. 197400. CON-WAY INC COM 205944101 216299. 4339872. SH SOLE 3797272. 0. 542600. CONSECO INC COM NEW 208464883 254038. 14684300. SH SOLE 11179300. 0. 3505000. DOW CHEM CO COM 260543103 6136. 133800. SH SOLE 47700. 0. 86100. DOW JONES & CO INC COM 260561105 190964. 5540000. SH SOLE 5180100. 0. 359900. ECC CAPITAL CORP COM 26826M108 9. 21348. SH SOLE 21348. 0. 0. EAGLE HOSPITALITY PPTY TR IN COM 26959T102 11677. 1047300. SH SOLE 702900. 0. 344400. EASTMAN CHEM CO COM 277432100 805944. 12726100. SH SOLE 11246300. 0. 1479800. EDO CORP COM 281347104 15553. 593632. SH SOLE 379232. 0. 214400. ELECTRONIC DATA SYS NEW COM 285661104 1385499. 50054150. SH SOLE 37209450. 0.12844700. EMBRAER-EMPRESA BRASILEIRA D SP ADR COM SHS 29081M102 140983. 3074200. SH SOLE 2107000. 0. 967200. EMPLOYERS HOLDINGS INC COM 292218104 15061. 752300. SH SOLE 486800. 0. 265500. ENTERGY CORP NEW COM 29364G103 9013. 85900. SH SOLE 85900. 0. 0. EXELON CORP COM 30161N101 1163302. 16930600. SH SOLE 11691700. 0. 5238900. F M C CORP COM NEW 302491303 61491. 815200. SH SOLE 735900. 0. 79300. FPL GROUP INC COM 302571104 811888. 13272650. SH SOLE 9889750. 0. 3382900. FEDERAL HOME LN MTG CORP COM 313400301 708303. 11906250. SH SOLE 8215950. 0. 3690300. FIELDSTONE INVT CORP COM 31659U300 4983. 1623225. SH SOLE 983625. 0. 639600. FIRST DATA CORP COM 319963104 422255. 15697200. SH SOLE 10831600. 0. 4865600. FLOWSERVE CORP COM 34354P105 455970. 7972900. SH SOLE 5375100. 0. 2597800. FOOT LOCKER INC COM 344849104 110440. 4689600. SH SOLE 4384900. 0. 304700. FOUNDATION COAL HLDGS INC COM 35039W100 36040. 1049500. SH SOLE 677600. 0. 371900. FURNITURE BRANDS INTL INC COM 360921100 46979. 2977137. SH SOLE 2425037. 0. 552100. GENWORTH FINL INC COM CL A 37247D106 940113. 26906500. SH SOLE 19921100. 0. 6985400. GOVERNMENT PPTYS TR INC COM 38374W107 7885. 736900. SH SOLE 371900. 0. 365000. GREAT PLAINS ENERGY INC COM 391164100 24633. 759100. SH SOLE 503000. 0. 256100. HANOVER INS GROUP INC COM 410867105 340771. 7388790. SH SOLE 6250390. 0. 1138400. HARRAHS ENTMT INC COM 413619107 224332. 2656389. SH SOLE 2384485. 0. 271904. HARTFORD FINL SVCS GROUP INC COM 416515104 45095. 471800. SH SOLE 186700. 0. 285100. HOME DEPOT INC COM 437076102 700426. 19064400. SH SOLE 13294400. 0. 5770000. IDEARC INC COM 451663108 568287. 16190500. SH SOLE 12889600. 0. 3300900. IKON OFFICE SOLUTIONS INC COM 451713101 200423. 13947300. SH SOLE 12020600. 0. 1926700. INTERPUBLIC GROUP COS INC COM 460690100 209344. 17006010. SH SOLE 10004410. 0. 7001600. JP MORGAN CHASE & CO COM 46625H100 858421. 17743300. SH SOLE 12263860. 0. 5479440. JONES APPAREL GROUP INC COM 480074103 389195. 12665000. SH SOLE 11224500. 0. 1440500. KMG AMER CORP COM 482563103 6376. 1377200. SH SOLE 889800. 0. 487400. KELLY SVCS INC CL A 488152208 62162. 1930500. SH SOLE 1249200. 0. 681300. KEYCORP NEW COM 493267108 42262. 1127900. SH SOLE 455100. 0. 672800. LENNAR CORP CL A 526057104 754966. 17885960. SH SOLE 13346360. 0. 4539600. LENNAR CORP CL B 526057302 128574. 3260820. SH SOLE 3045760. 0. 215060. LEXINGTON REALTY TRUST COM 529043101 19302. 913500. SH SOLE 583000. 0. 330500. LIVE NATION INC COM 538034109 18484. 837879. SH SOLE 557479. 0. 280400. LOCKHEED MARTIN CORP COM 539830109 61491. 633800. SH SOLE 505400. 0. 128400. LODGIAN INC COM PAR $.01 54021P403 45360. 3395209. SH SOLE 2379009. 0. 1016200. LUBRIZOL CORP COM 549271104 98840. 1918100. SH SOLE 1689000. 0. 229100. M D C HLDGS INC COM 552676108 78044. 1623543. SH SOLE 1071743. 0. 551800. MI DEVS INC CL A SUB VTG 55304X104 270457. 7233400. SH SOLE 6041400. 0. 1192000. MAGNA INTL INC CL A 559222401 312424. 4159550. SH SOLE 3093950. 0. 1065600. MCDONALDS CORP COM 580135101 49789. 1105200. SH SOLE 424700. 0. 680500. MERITAGE HOMES CORP COM 59001A102 7575. 235838. SH SOLE 153938. 0. 81900. METLIFE INC COM 59156R108 686316. 10868030. SH SOLE 7709330. 0. 3158700. MICROSOFT CORP COM 594918104 986538. 35397850. SH SOLE 24461350. 0.10936500. MILLER INDS INC TENN COM NEW 600551204 30397. 1393698. SH SOLE 1021698. 0. 372000. MOSAIC CO COM 61945A107 9040. 339100. SH SOLE 339100. 0. 0. NORTHROP GRUMMAN CORP COM 666807102 732462. 9868800. SH SOLE 6965500. 0. 2903300. NOVELL INC COM 670006105 108445. 15020100. SH SOLE 13167500. 0. 1852600. OVERSEAS SHIPHOLDING GROUP I COM 690368105 15583. 248932. SH SOLE 163232. 0. 85700. PHH CORP COM NEW 693320202 33283. 1089100. SH SOLE 710400. 0. 378700. PMA CAP CORP CL A 693419202 8621. 918100. SH SOLE 588700. 0. 329400. PATHMARK STORES INC NEW COM 70322A101 21792. 1702500. SH SOLE 1107400. 0. 595100. PETRO-CDA COM 71644E102 73315. 1869800. SH SOLE 752500. 0. 1117300. PIONEER COS INC COM NEW 723643300 22203. 803300. SH SOLE 522000. 0. 281300. PRUDENTIAL FINL INC COM 744320102 52622. 583000. SH SOLE 231000. 0. 352000. PULTE HOMES INC COM 745867101 326151. 12326200. SH SOLE 8296500. 0. 4029700. R H DONNELLEY CORP COM NEW 74955W307 342129. 4826196. SH SOLE 3162209. 0. 1663987. REALOGY CORP COM 75605E100 466547. 15756403. SH SOLE 13967153. 0. 1789250. RENT A CTR INC NEW COM 76009N100 139021. 4968600. SH SOLE 4507700. 0. 460900. ROYAL DUTCH SHELL PLC SPON ADR B 780259107 465371. 6986500. SH SOLE 4867300. 0. 2119200. RUSS BERRIE & CO COM 782233100 5546. 393300. SH SOLE 258200. 0. 135100. SPX CORP COM 784635104 263791. 3757700. SH SOLE 3313700. 0. 444000. SAFEWAY INC COM NEW 786514208 189810. 5180400. SH SOLE 3012400. 0. 2168000. ST JOE CO COM 790148100 400726. 7660600. SH SOLE 5445000. 0. 2215600. SCHERING PLOUGH CORP COM 806605101 198812. 7793500. SH SOLE 3086200. 0. 4707300. SOUTHERN UN CO NEW COM 844030106 83123. 2735196. SH SOLE 2323674. 0. 411522. SPHERION CORP COM 848420105 31175. 3534600. SH SOLE 2314400. 0. 1220200. SUNOCO INC COM 86764P109 387652. 5503300. SH SOLE 4242700. 0. 1260600. TENET HEALTHCARE CORP COM 88033G100 391745. 60924600. SH SOLE 47047400. 0.13877200. TESORO CORP COM 881609101 34588. 344400. SH SOLE 344400. 0. 0. THOMAS PPTYS GROUP INC COM 884453101 8957. 577100. SH SOLE 374400. 0. 202700. TOLL BROTHERS INC COM 889478103 89705. 3276300. SH SOLE 3063900. 0. 212400. TRAVELERS COMPANIES INC COM 89417E109 697067. 13464681. SH SOLE 8884863. 0. 4579818. TRONOX INC CL A 897051108 12809. 889500. SH SOLE 595000. 0. 294500. TRONOX INC COM CL B 897051207 15789. 1129400. SH SOLE 725100. 0. 404300. TYCO INTL LTD NEW COM 902124106 1095012. 34707190. SH SOLE 24074990. 0.10632200. UNILEVER PLC SPON ADR NEW 904767704 244670. 8136669. SH SOLE 5640189. 0. 2496480. UNIONBANCAL CORP COM 908906100 341425. 5383560. SH SOLE 4439760. 0. 943800. UNISYS CORP COM 909214108 69807. 8280800. SH SOLE 7135300. 0. 1145500. UNITED AMER INDEMNITY LTD CL A 90933T109 30741. 1325051. SH SOLE 860564. 0. 464487. UNUM GROUP COM 91529Y106 927389. 40268750. SH SOLE 31412650. 0. 8856100. VALASSIS COMMUNICATIONS INC COM 918866104 116034. 6750100. SH SOLE 5372800. 0. 1377300. WCI CMNTYS INC COM 92923C104 59122. 2770500. SH SOLE 1870500. 0. 900000. WAL MART STORES INC COM 931142103 608425. 12959000. SH SOLE 8946700. 0. 4012300. WARNACO GROUP INC COM NEW 934390402 70117. 2468900. SH SOLE 1613100. 0. 855800. WASHINGTON MUT INC COM 939322103 238678. 5910792. SH SOLE 3885046. 0. 2025746. WESTWOOD ONE INC COM 961815107 53562. 7796500. SH SOLE 5225300. 0. 2571200. WEYERHAEUSER CO COM 962166104 298029. 3987547. SH SOLE 2724547. 0. 1263000. WINN DIXIE STORES INC COM NEW 974280307 10184. 577000. SH SOLE 332200. 0. 244800. WYNDHAM WORLDWIDE CORP COM 98310W108 232135. 6797523. SH SOLE 4601103. 0. 2196420. YUM BRANDS INC COM 988498101 347145. 6010130. SH SOLE 4626730. 0. 1383400. QUANTA CAPITAL HLDGS LTD SHS G7313F106 2666. 1275600. SH SOLE 814600. 0. 461000. XL CAP LTD CL A G98255105 566578. 8098600. SH SOLE 6207200. 0. 1891400.