13F-HR 1 hw13f082.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, 2008 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 November 13, 2008 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: 128 Form 13F Information Table Value Total: $14,937,862 (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 ALCATEL-LUCENT SPONSORED ADR 013904305 218461. 56890800. SH SOLE 38839100. 0.18051700. ALTRIA GROUP INC COM 02209S103 36675. 1848561. SH SOLE 1546061. 0. 302500. AMERICAN EXPRESS CO COM 025816109 28433. 802500. SH SOLE 370000. 0. 432500. ANHEUSER BUSCH COS INC COM 035229103 2122. 32700. SH SOLE 32700. 0. 0. ASBURY AUTOMOTIVE GROUP INC COM 043436104 3569. 309841. SH SOLE 162341. 0. 147500. ASHLAND INC NEW COM 044209104 41977. 1435600. SH SOLE 1110700. 0. 324900. AUTONATION INC COM 05329W102 161819. 14396700. SH SOLE 11503100. 0. 2893600. BMC SOFTWARE INC COM 055921100 203259. 7099500. SH SOLE 5770500. 0. 1329000. BANK OF AMERICA CORPORATION COM 060505104 588936. 16826741. SH SOLE 10644864. 0. 6181877. BAUER EDDIE HLDGS INC COM 071625107 447. 83500. SH SOLE 45600. 0. 37900. BOWNE & CO INC COM 103043105 434. 37600. SH SOLE 0. 0. 37600. BRISTOL MYERS SQUIBB CO COM 110122108 257062. 12329100. SH SOLE 7903900. 0. 4425200. CIT GROUP INC COM 125581108 36562. 5253200. SH SOLE 4404700. 0. 848500. CNA FINL CORP COM 126117100 48196. 1836724. SH SOLE 1543324. 0. 293400. CA INC COM 12673P105 729076. 36526870. SH SOLE 24645954. 0.11880916. CAPLEASE INC COM 140288101 30009. 3784300. SH SOLE 2110200. 0. 1674100. CAPITAL ONE FINL CORP COM 14040H105 36710. 719800. SH SOLE 548200. 0. 171600. CHEVRON CORP NEW COM 166764100 21742. 263600. SH SOLE 230400. 0. 33200. CITADEL BROADCASTING CORP COM 17285T106 16575. 21250600. SH SOLE 18789300. 0. 2461300. CITIGROUP INC COM 172967101 470947. 22961800. SH SOLE 14747400. 0. 8214400. CITY NATL CORP COM 178566105 4882. 89900. SH SOLE 46500. 0. 43400. COCA COLA CO COM 191216100 79145. 1496700. SH SOLE 760500. 0. 736200. COMERICA INC COM 200340107 139836. 4264600. SH SOLE 3215200. 0. 1049400. CON-WAY INC COM 205944101 16656. 377599. SH SOLE 305599. 0. 72000. CONSECO INC COM NEW 208464883 47965. 13626341. SH SOLE 9596041. 0. 4030300. CORINTHIAN COLLEGES INC COM 218868107 5454. 363600. SH SOLE 202800. 0. 160800. DISCOVER FINL SVCS COM 254709108 7409. 536100. SH SOLE 451100. 0. 85000. DOW CHEM CO COM 260543103 509535. 16033200. SH SOLE 10074700. 0. 5958500. EASTMAN CHEM CO COM 277432100 155985. 2833000. SH SOLE 2183700. 0. 649300. EMBRAER-EMPRESA BRASILEIRA D SP ADR COM SHS 29081M102 191374. 7085300. SH SOLE 5273600. 0. 1811700. EMPLOYERS HOLDINGS INC COM 292218104 25088. 1443478. SH SOLE 730878. 0. 712600. ENTERGY CORP NEW COM 29364G103 126688. 1423300. SH SOLE 837500. 0. 585800. EXELON CORP COM 30161N101 365062. 5829800. SH SOLE 3920300. 0. 1909500. EXXON MOBIL CORP COM 30231G102 116933. 1505700. SH SOLE 931700. 0. 574000. FPL GROUP INC COM 302571104 293277. 5830550. SH SOLE 4071750. 0. 1758800. FEDERAL NATL MTG ASSN COM 313586109 7914. 5172500. SH SOLE 4149400. 0. 1023100. FEDEX CORP COM 31428X106 71239. 901300. SH SOLE 385600. 0. 515700. FIFTH THIRD BANCORP COM 316773100 40051. 3365600. SH SOLE 2831200. 0. 534400. FIRST HORIZON NATL CORP COM 320517105 103211. 11026781. SH SOLE 8702418. 0. 2324363. FOUNDATION COAL HLDGS INC COM 35039W100 25351. 712510. SH SOLE 504200. 0. 208310. GAP INC DEL COM 364760108 232934. 13100900. SH SOLE 8780400. 0. 4320500. GENWORTH FINL INC COM CL A 37247D106 211908. 24611900. SH SOLE 17024000. 0. 7587900. GOODYEAR TIRE & RUBR CO COM 382550101 11163. 729100. SH SOLE 596600. 0. 132500. GREAT ATLANTIC & PAC TEA INC COM 390064103 740. 68399. SH SOLE 19286. 0. 49113. GREAT PLAINS ENERGY INC COM 391164100 83569. 3760986. SH SOLE 2551186. 0. 1209800. GROUP 1 AUTOMOTIVE INC COM 398905109 3774. 173683. SH SOLE 37483. 0. 136200. HANOVER INS GROUP INC COM 410867105 142887. 3139000. SH SOLE 2462000. 0. 677000. HEIDRICK & STRUGGLES INTL IN COM 422819102 5074. 168307. SH SOLE 84207. 0. 84100. HERCULES INC COM 427056106 111762. 5647400. SH SOLE 4578200. 0. 1069200. HOME DEPOT INC COM 437076102 414032. 15991979. SH SOLE 10017467. 0. 5974512. HOME FED BANCORP INC MD COM 43710G105 2551. 200111. SH SOLE 411. 0. 199700. HUDSON HIGHLAND GROUP INC COM 443792106 26480. 3810000. SH SOLE 2659600. 0. 1150400. IMS HEALTH INC COM 449934108 28634. 1514200. SH SOLE 1277600. 0. 236600. IKON OFFICE SOLUTIONS INC COM 451713101 89605. 5267795. SH SOLE 4111995. 0. 1155800. INFOGROUP INC COM 45670G108 1995. 301800. SH SOLE 190300. 0. 111500. INTERPUBLIC GROUP COS INC COM 460690100 192891. 24889210. SH SOLE 14739510. 0.10149700. ISHARES TR MSCI EAFE IDX 464287465 1503. 26700. SH SOLE 26700. 0. 0. ISHARES TR RUSSELL 3000 464287689 5262. 76500. SH SOLE 76500. 0. 0. JPMORGAN & CHASE & CO COM 46625H100 405463. 8682300. SH SOLE 5536260. 0. 3146040. JOHNSON & JOHNSON COM 478160104 55653. 803300. SH SOLE 341900. 0. 461400. JONES APPAREL GROUP INC COM 480074103 188070. 10160451. SH SOLE 8046651. 0. 2113800. K-SWISS INC CL A 482686102 4155. 238818. SH SOLE 122118. 0. 116700. KELLY SVCS INC CL A 488152208 19721. 1035200. SH SOLE 536000. 0. 499200. KEYCORP NEW COM 493267108 147623. 12363732. SH SOLE 8348097. 0. 4015635. KING PHARMACEUTICALS INC COM 495582108 54617. 5701200. SH SOLE 4389800. 0. 1311400. KORN FERRY INTL COM NEW 500643200 608. 34100. SH SOLE 0. 0. 34100. LAWSON SOFTWARE INC NEW COM 52078P102 11381. 1625800. SH SOLE 855700. 0. 770100. LEXINGTON REALTY TRUST COM 529043101 17139. 995300. SH SOLE 529100. 0. 466200. LILLY ELI & CO COM 532457108 259975. 5904500. SH SOLE 3723100. 0. 2181400. LIMITED BRANDS INC COM 532716107 165375. 9548200. SH SOLE 6690000. 0. 2858200. LINCARE HLDGS INC COM 532791100 50657. 1683500. SH SOLE 1321600. 0. 361900. LIZ CLAIBORNE INC COM 539320101 16303. 992300. SH SOLE 836900. 0. 155400. LODGIAN INC COM PAR $.01 54021P403 18544. 2377409. SH SOLE 1420009. 0. 957400. MI DEVS INC CL A SUB VTG 55304X104 102913. 5565900. SH SOLE 4320300. 0. 1245600. MAGNA INTL INC CL A 559222401 18249. 356500. SH SOLE 306500. 0. 50000. MANPOWER INC COM 56418H100 71110. 1647600. SH SOLE 1395100. 0. 252500. MERCK & CO INC COM 589331107 348972. 11057400. SH SOLE 7342400. 0. 3715000. METLIFE INC COM 59156R108 276434. 4936322. SH SOLE 3342842. 0. 1593480. MICROSOFT CORP COM 594918104 589018. 22068850. SH SOLE 14085750. 0. 7983100. MILLER INDS INC TENN COM NEW 600551204 16478. 2223698. SH SOLE 1577398. 0. 646300. MURPHY OIL CORP COM 626717102 26843. 418500. SH SOLE 352700. 0. 65800. NATIONAL CITY CORP COM 635405103 98493. 61561000. SH SOLE 38089100. 0.23471900. NATIONAL SEMICONDUCTOR CORP COM 637640103 12118. 704100. SH SOLE 546800. 0. 157300. NESS TECHNOLOGIES INC COM 64104X108 8429. 734900. SH SOLE 357500. 0. 377400. NORTHROP GRUMMAN CORP COM 666807102 223114. 3685400. SH SOLE 2279900. 0. 1405500. NOVELL INC COM 670006105 35295. 6866700. SH SOLE 4928300. 0. 1938400. ON SEMICONDUCTOR CORP COM 682189105 50777. 7511400. SH SOLE 5287700. 0. 2223700. ORACLE CORP COM 68389X105 123196. 6065800. SH SOLE 2443900. 0. 3621900. PHH CORP COM NEW 693320202 45642. 3434300. SH SOLE 2551300. 0. 883000. PMA CAP CORP CL A 693419202 7189. 815100. SH SOLE 443100. 0. 372000. PACCAR INC COM 693718108 181475. 4751900. SH SOLE 2978300. 0. 1773600. PACIFIC SUNWEAR CALIF INC COM 694873100 21574. 3205659. SH SOLE 1676659. 0. 1529000. PATNI COMPUTER SYS SPONS ADR 703248203 9755. 1258700. SH SOLE 641800. 0. 616900. PENNEY J C INC COM 708160106 165773. 4972200. SH SOLE 3150500. 0. 1821700. PFIZER INC COM 717081103 322449. 17486400. SH SOLE 11131500. 0. 6354900. PHILIP MORRIS INTL INC COM 718172109 579459. 12046961. SH SOLE 7690761. 0. 4356200. PHILLIPS VAN HEUSEN CORP COM 718592108 11824. 311900. SH SOLE 169400. 0. 142500. PORTLAND GEN ELEC CO COM NEW 736508847 53938. 2279700. SH SOLE 1622400. 0. 657300. QUIKSILVER INC COM 74838C106 20425. 3558300. SH SOLE 1884000. 0. 1674300. R H DONNELLEY CORP COM NEW 74955W307 8877. 4460845. SH SOLE 2585258. 0. 1875587. RENT A CTR INC NEW COM 76009N100 108231. 4857775. SH SOLE 3744975. 0. 1112800. ROYAL DUTCH SHELL PLC SPON ADR B 780259107 566864. 9929300. SH SOLE 6149500. 0. 3779800. RUSS BERRIE & CO COM 782233100 1117. 145600. SH SOLE 80700. 0. 64900. SAFEWAY INC COM NEW 786514208 358589. 15117600. SH SOLE 10358100. 0. 4759500. SCHERING PLOUGH CORP COM 806605101 149594. 8099300. SH SOLE 3393600. 0. 4705700. SOTHEBYS COM 835898107 20641. 1028952. SH SOLE 532352. 0. 496600. SPHERION CORP COM 848420105 17395. 3571919. SH SOLE 1834719. 0. 1737200. SUNOCO INC COM 86764P109 158206. 4446500. SH SOLE 3176600. 0. 1269900. TELLABS INC COM 879664100 22138. 5452800. SH SOLE 4399700. 0. 1053100. TRAVELERS COMPANIES INC COM 89417E109 62268. 1377600. SH SOLE 580900. 0. 796700. TRONOX INC CL A 897051108 87. 510300. SH SOLE 228900. 0. 281400. TRONOX INC COM CL B 897051207 79. 749500. SH SOLE 361300. 0. 388200. UNISYS CORP COM 909214108 2897. 1053500. SH SOLE 832200. 0. 221300. UNITED AMER INDEMNITY LTD CL A 90933T109 29453. 2049614. SH SOLE 1085995. 0. 963619. U STORE IT TR COM 91274F104 25196. 2053484. SH SOLE 1081184. 0. 972300. UNUM GROUP COM 91529Y106 338771. 13496850. SH SOLE 9546650. 0. 3950200. VALASSIS COMMUNICATIONS INC COM 918866104 47110. 5439914. SH SOLE 3654814. 0. 1785100. WACHOVIA CORP NEW COM 929903102 94266. 26933000. SH SOLE 16778500. 0.10154500. WAL MART STORES INC COM 931142103 151354. 2527200. SH SOLE 1504000. 0. 1023200. WARNACO GROUP INC COM NEW 934390402 10847. 239500. SH SOLE 121600. 0. 117900. WEBSTER FINL CORP CONN COM 947890109 27163. 1075769. SH SOLE 555869. 0. 519900. WESTAR ENERGY INC COM 95709T100 31606. 1371800. SH SOLE 1115700. 0. 256100. WESTWOOD ONE INC COM 961815107 6361. 11564570. SH SOLE 7021870. 0. 4542700. COVIDIEN LTD COM G2552X108 53806. 1000855. SH SOLE 411325. 0. 589530. QUANTA CAPITAL HLDGS LTD SHS G7313F106 501. 181400. SH SOLE 181400. 0. 0. TYCO INTL LTD BERMUDA SHS G9143X208 299495. 8552106. SH SOLE 5390275. 0. 3161831. TYCO ELECTRONICS LTD COM NEW G9144P105 380978. 13773606. SH SOLE 9070375. 0. 4703231. XL CAP LTD CL A G98255105 378446. 21095100. SH SOLE 14449600. 0. 6645500.