13F-HR 1 hw13f043.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: September 30, 2004 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: Anna Marie Lopez Title: Chief Compliance Officer Phone: 213-430-1896 Signature, Place and Date of Signing: /s/ Anna Marie Lopez Los Angeles, CA November 10, 2004 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: 150 Form 13F Information Table Value Total: $ 13,878,135(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 AT&T CORP COM NEW 001957505 8242. 575592. SH SOLE 498852. 0. 76740. AETNA INC NEW COM 00817Y108 327271. 3275000. SH SOLE 2344600. 0. 930400. AGRIUM INC COM 008916108 34241. 1928000. SH SOLE 1352000. 0. 576000. AIRTRAN HLDGS INC COM 00949P108 36739. 3688700. SH SOLE 3146100. 0. 542600. ALBERTSONS INC COM 013104104 206518. 8630100. SH SOLE 6891700. 0. 1738400. ALCOA INC COM 013817101 183975. 5477072. SH SOLE 3478212. 0. 1998860. ALEXANDER & BALDWIN INC COM 014482103 73894. 2177200. SH SOLE 1749100. 0. 428100. ALLIANT ENERGY CORP COM 018802108 148713. 5977200. SH SOLE 4880200. 0. 1097000. ALLMERICA FINL CORP COM 019754100 208936. 7772920. SH SOLE 6671120. 0. 1101800. ALLSTATE CORP COM 020002101 202059. 4210438. SH SOLE 2638248. 0. 1572190. ALLTEL CORP COM 020039103 18982. 345700. SH SOLE 7900. 0. 337800. ALTRIA GROUP INC COM 02209S103 332857. 7076035. SH SOLE 4717435. 0. 2358600. AMERICAN ELEC PWR INC COM 025537101 125925. 3940080. SH SOLE 3005280. 0. 934800. AMERICAN FINL RLTY TR COM 02607P305 96117. 6812000. SH SOLE 5664100. 0. 1147900. AMERICAN HOME MTG INVT CORP COM 02660R107 66339. 2373500. SH SOLE 2060800. 0. 312700. AMERICREDIT CORP COM 03060R101 45765. 2191800. SH SOLE 2069700. 0. 122100. AMNET MORTGAGE INC COM 03169A108 1437. 181900. SH SOLE 181900. 0. 0. APARTMENT INVT & MGMT CO CL A 03748R101 127131. 3655300. SH SOLE 3277300. 0. 378000. ARCH WIRELESS INC CL A 039392709 12523. 435900. SH SOLE 304300. 0. 131600. ASHLAND INC COM 044204105 27188. 484800. SH SOLE 484800. 0. 0. ASSURANT INC COM 04621X108 83073. 3195100. SH SOLE 2402300. 0. 792800. BJS WHOLESALE CLUB INC COM 05548J106 22837. 835300. SH SOLE 341300. 0. 494000. BANK OF AMERICA CORPORATION COM 060505104 22553. 520500. SH SOLE 18400. 0. 502100. BEARINGPOINT INC COM 074002106 74118. 8290600. SH SOLE 6051000. 0. 2239600. BEAZER HOMES USA INC COM 07556Q105 140853. 1317740. SH SOLE 1045800. 0. 271940. BOWNE & CO INC COM 103043105 17107. 1316900. SH SOLE 912200. 0. 404700. BROOKFIELD HOMES CORP COM 112723101 2335. 88600. SH SOLE 88600. 0. 0. BUCYRUS INTL INC NEW CL A 118759109 12654. 376600. SH SOLE 319000. 0. 57600. CIT GROUP INC COM 125581108 323243. 8645160. SH SOLE 6756960. 0. 1888200. CNA FINL CORP COM 126117100 39216. 1633324. SH SOLE 1633324. 0. 0. CSX CORP COM 126408103 176030. 5302100. SH SOLE 2901300. 0. 2400800. CAESARS ENTMT INC COM 127687101 122933. 7361280. SH SOLE 6842580. 0. 518700. CAPITAL LEASE FDG INC COM 140288101 13417. 1215300. SH SOLE 1215300. 0. 0. CENDANT CORP COM 151313103 159808. 7398500. SH SOLE 4655600. 0. 2742900. CENTEX CORP COM 152312104 142645. 2826900. SH SOLE 1471000. 0. 1355900. CENTRAL FGHT LINES INC NEV COM 153491105 8063. 1341600. SH SOLE 898700. 0. 442900. COMERICA INC COM 200340107 23544. 396700. SH SOLE 13100. 0. 383600. COMPUTER ASSOC INTL INC COM 204912109 469874. 17865950. SH SOLE 13504850. 0. 4361100. COMPUWARE CORP COM 205638109 25637. 4978000. SH SOLE 3486400. 0. 1491600. CONCORD COMMUNICATIONS INC COM 206186108 12560. 1407300. SH SOLE 983400. 0. 423900. CONSECO INC COM NEW 208464883 97420. 5516400. SH SOLE 4125300. 0. 1391100. DEL MONTE FOODS CO COM 24522P103 41831. 3987700. SH SOLE 3675700. 0. 312000. DELPHI CORP COM 247126105 119367. 12849002. SH SOLE 10446067. 0. 2402935. DEX MEDIA INC COM 25212E100 33082. 1562700. SH SOLE 1562700. 0. 0. EAGLE MATERIALS INC CL B 26969P207 2377. 34443. SH SOLE 0. 0. 34443. EASTMAN KODAK CO COM 277461109 237168. 7360896. SH SOLE 5867596. 0. 1493300. ELECTRONIC DATA SYS NEW COM 285661104 644431. 33235200. SH SOLE 25376100. 0. 7859100. ENTERGY CORP NEW COM 29364G103 158748. 2619180. SH SOLE 2000580. 0. 618600. F M C CORP COM NEW 302491303 33659. 693000. SH SOLE 666700. 0. 26300. FPL GROUP INC COM 302571104 90278. 1321400. SH SOLE 553400. 0. 768000. FEDERAL HOME LN MTG CORP COM 313400301 256902. 3937800. SH SOLE 2445700. 0. 1492100. FIRST INDUSTRIAL REALTY TRUS COM 32054K103 1583. 42900. SH SOLE 42900. 0. 0. FIRSTENERGY CORP COM 337932107 368865. 8979195. SH SOLE 6937897. 0. 2041298. FLYI INC COM 34407T104 15720. 4020500. SH SOLE 3563600. 0. 456900. FOOT LOCKER INC COM 344849104 41975. 1771100. SH SOLE 1771100. 0. 0. FRIEDMAN BILLINGS RAMSEY GRO CL A 358434108 1337. 69985. SH SOLE 69985. 0. 0. FURNITURE BRANDS INTL INC COM 360921100 56119. 2237600. SH SOLE 2052900. 0. 184700. GENESCO INC COM 371532102 3050. 129500. SH SOLE 129500. 0. 0. GIANT INDS INC COM 374508109 8653. 356100. SH SOLE 248400. 0. 107700. GOVERNMENT PPTYS TR INC COM 38374W107 17296. 1820600. SH SOLE 1820600. 0. 0. GROUP 1 AUTOMOTIVE INC COM 398905109 9401. 344600. SH SOLE 241100. 0. 103500. HCA INC COM 404119109 105149. 2756200. SH SOLE 1516200. 0. 1240000. HARTFORD FINL SVCS GROUP INC COM 416515104 22406. 361800. SH SOLE 13800. 0. 348000. HAYES LEMMERZ INTL INC COM NEW 420781304 16230. 1597400. SH SOLE 1114100. 0. 483300. HEALTH NET INC COM 42222G108 93469. 3781100. SH SOLE 2931800. 0. 849300. HEWLETT PACKARD CO COM 428236103 22980. 1225600. SH SOLE 50700. 0. 1174900. IMC GLOBAL INC COM 449669100 76377. 4392000. SH SOLE 3882800. 0. 509200. IKON OFFICE SOLUTIONS INC COM 451713101 44656. 3715100. SH SOLE 3381000. 0. 334100. INTL PAPER CO COM 460146103 17627. 436200. SH SOLE 15900. 0. 420300. ISLE OF CAPRI CASINOS INC COM 464592104 486. 25100. SH SOLE 20600. 0. 4500. JPMORGAN & CHASE & CO COM 46625H100 59330. 1493320. SH SOLE 110680. 0. 1382640. JACK IN THE BOX INC COM 466367109 41030. 1293100. SH SOLE 1293100. 0. 0. JAMESON INNS INC COM 470457102 5664. 3182017. SH SOLE 2221217. 0. 960800. JONES APPAREL GROUP INC COM 480074103 125185. 3496800. SH SOLE 2902900. 0. 593900. KELLY SVCS INC CL A 488152208 34894. 1306400. SH SOLE 914500. 0. 391900. KEYCORP NEW COM 493267108 100333. 3175100. SH SOLE 2550300. 0. 624800. KRAFT FOODS INC CL A 50075N104 116850. 3683800. SH SOLE 1827300. 0. 1856500. LNR PPTY CORP COM 501940100 133311. 2153300. SH SOLE 1716700. 0. 436600. LA QUINTA CORP PAIRED CTF 50419U202 50802. 6513100. SH SOLE 5902700. 0. 610400. LEAR CORP COM 521865105 62579. 1149300. SH SOLE 1149300. 0. 0. LENNAR CORP CL A 526057104 218411. 4588460. SH SOLE 3799060. 0. 789400. LENNAR CORP CL B 526057302 27740. 633336. SH SOLE 569636. 0. 63700. LINCOLN NATL CORP IND COM 534187109 45289. 963600. SH SOLE 963600. 0. 0. LOCKHEED MARTIN CORP COM 539830109 195838. 3510900. SH SOLE 2318900. 0. 1192000. LODGIAN INC COM PAR $.01 54021P403 12047. 1216909. SH SOLE 845209. 0. 371700. LOEWS CORP CAROLNA GP STK 540424207 13026. 534500. SH SOLE 534500. 0. 0. LONGVIEW FIBRE CO COM 543213102 14538. 953300. SH SOLE 666100. 0. 287200. LUBRIZOL CORP COM 549271104 20767. 600200. SH SOLE 546700. 0. 53500. MGM MIRAGE COM 552953101 53006. 1067600. SH SOLE 34400. 0. 1033200. MI DEVS INC CL A SUB VTG 55304X104 134024. 5297400. SH SOLE 4394900. 0. 902500. M/I HOMES INC COM 55305B101 16560. 390200. SH SOLE 255400. 0. 134800. MAC-GRAY CORP COM 554153106 602. 85300. SH SOLE 40300. 0. 45000. MAGELLAN HEALTH SVCS INC COM NEW 559079207 48914. 1337900. SH SOLE 1132300. 0. 205600. MAGNA ENTMT CORP CL A 559211107 13594. 2494400. SH SOLE 1742400. 0. 752000. MANDALAY RESORT GROUP COM 562567107 103975. 1514560. SH SOLE 1364160. 0. 150400. MCDONALDS CORP COM 580135101 23489. 838000. SH SOLE 28900. 0. 809100. MERCK & CO INC COM 589331107 38782. 1175200. SH SOLE 40200. 0. 1135000. METLIFE INC COM 59156R108 424286. 10977640. SH SOLE 7232440. 0. 3745200. METROCALL HLDGS INC COM 59164X105 10927. 168500. SH SOLE 117500. 0. 51000. MILLER INDS INC TENN COM NEW 600551204 451. 49800. SH SOLE 49800. 0. 0. MORTGAGEIT HLDGS INC COM 61915Q108 8637. 597700. SH SOLE 455700. 0. 142000. NEW CENTURY FINANCIAL CORP COM 64352D101 3282. 54500. SH SOLE 54500. 0. 0. OVERSEAS SHIPHOLDING GROUP I COM 690368105 41355. 833100. SH SOLE 656500. 0. 176600. PAPA JOHNS INTL INC COM 698813102 951. 31000. SH SOLE 18500. 0. 12500. PARAMETRIC TECHNOLOGY CORP COM 699173100 1893. 358500. SH SOLE 358500. 0. 0. PATHMARK STORES INC NEW COM 70322A101 7067. 1457200. SH SOLE 996000. 0. 461200. PENNEY J C INC COM 708160106 79919. 2265277. SH SOLE 1650777. 0. 614500. PETRO-CDA COM 71644E102 23476. 451900. SH SOLE 15400. 0. 436500. PLUM CREEK TIMBER CO INC COM 729251108 81485. 2326152. SH SOLE 1898414. 0. 427738. POPE & TALBOT INC COM 732827100 12230. 694900. SH SOLE 484300. 0. 210600. PRINCIPAL FINANCIAL GROUP IN COM 74251V102 286490. 7964690. SH SOLE 5851490. 0. 2113200. PRUDENTIAL FINL INC COM 744320102 259895. 5524980. SH SOLE 3421180. 0. 2103800. R H DONNELLEY CORP COM NEW 74955W307 37094. 751500. SH SOLE 515600. 0. 235900. RAYTHEON CO COM NEW 755111507 201309. 5300400. SH SOLE 4248600. 0. 1051800. REEBOK INTL LTD COM 758110100 36871. 1004100. SH SOLE 953500. 0. 50600. SPDR TR UNIT SER 1 78462F103 2895. 25900. SH SOLE 25900. 0. 0. SPX CORP COM 784635104 96192. 2717300. SH SOLE 2398300. 0. 319000. SAFEWAY INC COM NEW 786514208 38255. 1981100. SH SOLE 810500. 0. 1170600. ST JOE CO COM 790148100 112828. 2361900. SH SOLE 2123200. 0. 238700. ST PAUL TRAVELERS INC COM 792860108 237588. 7186561. SH SOLE 5074561. 0. 2112000. SARA LEE CORP COM 803111103 93798. 4103160. SH SOLE 2662060. 0. 1441100. SCANA CORP NEW COM 80589M102 62286. 1668086. SH SOLE 1393789. 0. 274297. SEARS ROEBUCK & CO COM 812387108 674144. 16917048. SH SOLE 12542548. 0. 4374500. SIERRA PAC RES NEW COM 826428104 19894. 2222800. SH SOLE 1491100. 0. 731700. SOUTHERN UN CO NEW COM 844030106 93481. 4560065. SH SOLE 4039935. 0. 520130. SPHERION CORP COM 848420105 22020. 2815900. SH SOLE 1915600. 0. 900300. STAGE STORES INC COM NEW 85254C305 363. 10600. SH SOLE 10600. 0. 0. SUNOCO INC COM 86764P109 186189. 2516746. SH SOLE 2208389. 0. 308357. TARGET CORP COM 87612E106 23661. 522900. SH SOLE 17200. 0. 505700. TENET HEALTHCARE CORP COM 88033G100 248624. 23042100. SH SOLE 17802700. 0. 5239400. TIERONE CORP COM 88650R108 590. 25600. SH SOLE 0. 0. 25600. TIMBERLAND BANCORP INC COM 887098101 2525. 107600. SH SOLE 92800. 0. 14800. TOLL BROTHERS INC COM 889478103 273. 5900. SH SOLE 5900. 0. 0. TYCO INTL LTD NEW COM 902124106 196953. 6423790. SH SOLE 3862390. 0. 2561400. UNION PAC CORP COM 907818108 47788. 815500. SH SOLE 676900. 0. 138600. UNIONBANCAL CORP COM 908906100 128597. 2171880. SH SOLE 1762580. 0. 409300. UNITED NATL GROUP LTD CL A 91103X102 11087. 763600. SH SOLE 529200. 0. 234400. UNUMPROVIDENT CORP COM 91529Y106 234675. 14957000. SH SOLE 12984400. 0. 1972600. VALASSIS COMMUNICATIONS INC COM 918866104 109555. 3703700. SH SOLE 3011600. 0. 692100. VALERO ENERGY CORP NEW COM 91913Y100 67553. 842200. SH SOLE 205700. 0. 636500. WCI CMNTYS INC COM 92923C104 87731. 3765300. SH SOLE 3061300. 0. 704000. WARNACO GROUP INC COM NEW 934390402 75500. 3396300. SH SOLE 2565000. 0. 831300. WASHINGTON MUT INC COM 939322103 137023. 3506223. SH SOLE 2281177. 0. 1225046. WASTE MGMT INC DEL COM 94106L109 185441. 6782764. SH SOLE 4389246. 0. 2393518. WESTLAKE CHEM CORP COM 960413102 18754. 841000. SH SOLE 586200. 0. 254800. WEYERHAEUSER CO COM 962166104 104526. 1572297. SH SOLE 1062697. 0. 509600. YUM BRANDS INC COM 988498101 271478. 6676780. SH SOLE 5395880. 0. 1280900. CNH GLOBAL N V SHS NEW N20935206 2273. 116100. SH SOLE 55780. 0. 60320. STELMAR SHIPPING LTD COM V8726M103 31893. 843500. SH SOLE 564000. 0. 279500. TEEKAY SHIPPING MARSHALL ISL COM Y8564W103 207510. 4815740. SH SOLE 4112640. 0. 703100.