13F-HR 1 hw2q10.txt HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 13F Form 13F COVER PAGE Report for the Calendar Year or Quarter Ended: June 30, 2010 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, lists, 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 August 12, 2010 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: 152 Form 13F Information Table Value Total: $13,486,522 (thousands) List of Other Included Managers: Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional managers with respect to which this report is filed, other than the manager filing this report. 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 ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- ACCENTURE PLC IRELAND SHS CLASS A G1151C101 21968 568370 SH SOLE 118900 0 449470 ADVANCED MICRO DEVICES INC NOTE 6.000% 5/0 007903AL1 955 1000000 PRN SOLE 1000000 0 0 AIR T INC COM 009207101 364 34800 SH SOLE 34800 0 0 ALLSTATE CORP COM 020002101 241390 8402011 SH SOLE 4306500 0 4095511 AMERICAN EXPRESS CO COM 025816109 20968 528166 SH SOLE 110900 0 417266 ARRIS GROUP INC COM 04269Q100 28649 2811500 SH SOLE 1873300 0 938200 ARVINMERITOR INC FRNT 4.000% 2/1 043353AH4 780 1000000 PRN SOLE 1000000 0 0 ASSOCIATED BANC CORP COM 045487105 16146 1316974 SH SOLE 418500 0 898474 ASTRAZENECA PLC SPONSORED ADR 046353108 24958 529562 SH SOLE 110000 0 419562 BANK OF AMERICA CORPORATION *W EXP 01/16/201 060505146 322 42100 SH SOLE 42100 0 0 BANK OF AMERICA CORPORATION COM 060505104 434807 30257938 SH SOLE 14516766 0 15741172 BOEING CO COM 097023105 30757 490149 SH SOLE 169700 0 320449 BRISTOL MYERS SQUIBB CO COM 110122108 167645 6721951 SH SOLE 3360200 0 3361751 CA INC COM 12673P105 473794 25749659 SH SOLE 13960772 0 11788887 CAPITAL ONE FINL CORP COM 14040H105 160126 3973340 SH SOLE 2094000 0 1879340 CAPLEASE INC COM 140288101 10303 2235000 SH SOLE 742900 0 1492100 CARNIVAL CORP PAIRED CTF 143658300 34977 1156651 SH SOLE 243800 0 912851 CELANESE CORP DEL COM SER A 150870103 177880 7140900 SH SOLE 4957300 0 2183600 CITIGROUP INC COM 172967101 310018 82451710 SH SOLE 39416600 0 43035110 CITIGROUP INC UNIT 99/99/9999 172967416 1695 15000 PRN SOLE 15000 0 0 CNA FINL CORP COM 126117100 33901 1326324 SH SOLE 1030024 0 296300 CNO FINL GROUP INC COM 12621E103 63447 12817604 SH SOLE 8238400 0 4579204 COBALT INTL ENERGY INC COM 19075F106 55602 7463400 SH SOLE 5507100 0 1956300 COMCAST CORP NEW CL A SPL 20030N200 226538 13788065 SH SOLE 7079900 0 6708165 CONOCOPHILLIPS COM 20825C104 448136 9128856 SH SOLE 4147600 0 4981256 CON-WAY INC COM 205944101 154084 5132704 SH SOLE 3414400 0 1718304 CUMMINS INC COM 231021106 142941 2194700 SH SOLE 1026100 0 1168600 CVS CAREMARK CORPORATION COM 126650100 100990 3444416 SH SOLE 1415500 0 2028916 DIAMOND HILL FINL TRNDS FD I COM 25264C101 719 86100 SH SOLE 86100 0 0 DISCOVER FINL SVCS COM 254709108 47819 3420500 SH SOLE 2629600 0 790900 EDISON INTL COM 281020107 179059 5644997 SH SOLE 3018800 0 2626197 EMBRAER-EMPRESA BRASILEIRA D SP ADR COM SHS 29081M102 147391 7035376 SH SOLE 4073900 0 2961476 EMPLOYERS HOLDINGS INC COM 292218104 15782 1071393 SH SOLE 345600 0 725793 ENDO PHARMACEUTICALS HLDGS I COM 29264F205 30747 1409100 SH SOLE 932200 0 476900 ENTERGY CORP NEW COM 29364G103 34840 486456 SH SOLE 103400 0 383056 EXELON CORP COM 30161N101 412389 10860909 SH SOLE 5390400 0 5470509 EXXON MOBIL CORP COM 30231G102 64457 1129429 SH SOLE 252500 0 876929 FEDEX CORP COM 31428X106 66697 951313 SH SOLE 202200 0 749113 FIFTH THIRD BANCORP COM 316773100 36691 2985471 SH SOLE 2322100 0 663371 FIRST FINL HLDGS INC COM 320239106 3520 307391 SH SOLE 104800 0 202591 FIRST HORIZON NATL CORP COM 320517105 6105 533144 SH SOLE 156964 0 376180 FIRST INTST BANCSYSTEM INC COM CL A 32055Y201 10780 685337 SH SOLE 248900 0 436437 FOREST OIL CORP COM PAR $0.01 346091705 5239 191500 SH SOLE 147500 0 44000 FORTUNE BRANDS INC COM 349631101 27873 711400 SH SOLE 477600 0 233800 FURNITURE BRANDS INTL INC COM 360921100 4630 886972 SH SOLE 351200 0 535772 GAP INC DEL COM 364760108 139651 7176322 SH SOLE 4020800 0 3155522 GENWORTH FINL INC COM CL A 37247D106 218421 16711595 SH SOLE 8897900 0 7813695 GOODYEAR TIRE & RUBR CO COM 382550101 45074 4534600 SH SOLE 2622000 0 1912600 GREAT PLAINS ENERGY INC COM 391164100 80460 4727405 SH SOLE 2887300 0 1840105 HANOVER INS GROUP INC COM 410867105 9927 228200 SH SOLE 63200 0 165000 HARLEY DAVIDSON INC COM 412822108 71939 3236100 SH SOLE 2115400 0 1120700 HARTFORD FINL SVCS GROUP INC COM 416515104 46754 2112711 SH SOLE 1104700 0 1008011 HARTFORD FINL SVCS GROUP INC DEP CONV PFD 416515708 1370 59200 PRN SOLE 59200 0 0 HAWK CORP CL A 420089104 7719 303292 SH SOLE 103900 0 199392 HAYNES INTERNATIONAL INC COM NEW 420877201 16143 523600 SH SOLE 171200 0 352400 HEIDRICK & STRUGGLES INTL IN COM 422819102 13712 600889 SH SOLE 198000 0 402889 HEWLETT PACKARD CO COM 428236103 180616 4173199 SH SOLE 1929200 0 2243999 HOLLY CORP COM PAR $0.01 435758305 27842 1047474 SH SOLE 729500 0 317974 HOME DEPOT INC COM 437076102 192854 6870451 SH SOLE 3139318 0 3731133 HOME FED BANCORP INC MD COM 43710G105 2160 171000 SH SOLE 0 0 171000 HONEYWELL INTL INC COM 438516106 33486 857961 SH SOLE 443200 0 414761 HORIZON LINES INC NOTE 4.250% 8/1 44044KAB7 1058 1275000 PRN SOLE 1275000 0 0 HUDSON HIGHLAND GROUP INC COM 443792106 20944 4759955 SH SOLE 2575100 0 2184855 HUNTINGTON BANCSHARES INC COM 446150104 26655 4811314 SH SOLE 3738900 0 1072414 HYPERCOM CORP COM 44913M105 8957 1930400 SH SOLE 690700 0 1239700 INFOGROUP INC COM 45670G108 46265 5797676 SH SOLE 3071800 0 2725876 INTERNATIONAL BUSINESS MACHS COM 459200101 199390 1614757 SH SOLE 818800 0 795957 INTERPUBLIC GROUP COS INC COM 460690100 86510 12133285 SH SOLE 5635110 0 6498175 JACK IN THE BOX INC COM 466367109 1270 65306 SH SOLE 0 0 65306 JOHNSON & JOHNSON COM 478160104 21814 369345 SH SOLE 79000 0 290345 JOHNSON CTLS INC COM 478366107 44870 1669897 SH SOLE 344500 0 1325397 JONES APPAREL GROUP INC COM 480074103 84232 5314294 SH SOLE 3374800 0 1939494 JPMORGAN CHASE & CO COM 46625H100 504986 13793651 SH SOLE 6547924 0 7245727 KAISER ALUMINUM CORP COM PAR $0.01 483007704 29341 846300 SH SOLE 301900 0 544400 KEYCORP NEW COM 493267108 97663 12700048 SH SOLE 7416399 0 5283649 KINETIC CONCEPTS INC COM NEW 49460W208 57898 1585800 SH SOLE 1034500 0 551300 KING PHARMACEUTICALS INC COM 495582108 63303 8340300 SH SOLE 5328400 0 3011900 KRAFT FOODS INC CL A 50075N104 25704 917990 SH SOLE 184100 0 733890 KSW INC COM 48268R106 424 136700 SH SOLE 136700 0 0 LAKES ENTMNT INC COM 51206P109 887 579800 SH SOLE 332100 0 247700 LIBERTY GLOBAL INC COM SER A 530555101 23084 888200 SH SOLE 685300 0 202900 LIFEPOINT HOSPITALS INC COM 53219L109 13586 432673 SH SOLE 273200 0 159473 LILLY ELI & CO COM 532457108 277129 8272498 SH SOLE 3996700 0 4275798 LIMITED BRANDS INC COM 532716107 130091 5894450 SH SOLE 2837100 0 3057350 LOCKHEED MARTIN CORP COM 539830109 291136 3907865 SH SOLE 1969500 0 1938365 LORILLARD INC COM 544147101 74474 1034655 SH SOLE 552100 0 482555 MAGNA INTL INC CL A 559222401 33527 508300 SH SOLE 395700 0 112600 MANPOWER INC COM 56418H100 80237 1858196 SH SOLE 1273300 0 584896 MARATHON OIL CORP COM 565849106 22527 724586 SH SOLE 149600 0 574986 MAXIM INTEGRATED PRODS INC COM 57772K101 1894 113200 SH SOLE 113200 0 0 MCDONALDS CORP COM 580135101 1614 24500 SH SOLE 0 0 24500 MERCK & CO INC NEW COM 58933Y105 79538 2274456 SH SOLE 1057064 0 1217392 METLIFE INC COM 59156R108 176393 4671436 SH SOLE 2409590 0 2261846 MI DEVS INC CL A SUB VTG 55304X104 53369 4363800 SH SOLE 3070700 0 1293100 MICROSOFT CORP COM 594918104 229848 9989052 SH SOLE 4782950 0 5206102 MILLER INDS INC TENN COM NEW 600551204 21743 1614190 SH SOLE 809098 0 805092 NATIONAL SEMICONDUCTOR CORP COM 637640103 27222 2022400 SH SOLE 1551300 0 471100 NESS TECHNOLOGIES INC COM 64104X108 5751 1334327 SH SOLE 422800 0 911527 NEXTERA ENERGY INC COM 65339F101 172566 3539094 SH SOLE 1748150 0 1790944 NORANDA ALUM HLDG CORP COM 65542W107 16013 2490300 SH SOLE 959500 0 1530800 NORTHROP GRUMMAN CORP COM 666807102 174222 3200252 SH SOLE 1551500 0 1648752 NOVELL INC COM 670006105 34915 6147000 SH SOLE 3804100 0 2342900 ON SEMICONDUCTOR CORP COM 682189105 47937 7513600 SH SOLE 4732900 0 2780700 ORACLE CORP COM 68389X105 42719 1990635 SH SOLE 418800 0 1571835 OVERHILL FARMS INC COM 690212105 13943 2367152 SH SOLE 1151800 0 1215352 PACCAR INC COM 693718108 268000 6721858 SH SOLE 3358200 0 3363658 PENNEY J C INC COM 708160106 214941 10006568 SH SOLE 4917800 0 5088768 PFIZER INC COM 717081103 144648 10143647 SH SOLE 5028400 0 5115247 PHH CORP COM NEW 693320202 62173 3265400 SH SOLE 2004900 0 1260500 PHILIP MORRIS INTL INC COM 718172109 218814 4773431 SH SOLE 2323606 0 2449825 PMA CAP CORP CL A 693419202 4393 670703 SH SOLE 235000 0 435703 PNC FINL SVCS GROUP INC COM 693475105 144179 2551844 SH SOLE 1238151 0 1313693 PORTLAND GEN ELEC CO COM NEW 736508847 64340 3510100 SH SOLE 2221700 0 1288400 PPG INDS INC COM 693506107 209600 3469621 SH SOLE 1778600 0 1691021 PRUDENTIAL FINL INC COM 744320102 37223 693682 SH SOLE 147700 0 545982 QUIKSILVER INC COM 74838C106 7169 1937600 SH SOLE 553900 0 1383700 REGIONS FINANCIAL CORP NEW COM 7591EP100 104951 15950000 SH SOLE 11153900 0 4796100 RENT A CTR INC NEW COM 76009N100 59653 2944385 SH SOLE 1938000 0 1006385 ROYAL DUTCH SHELL PLC SPON ADR B 780259107 503447 10427650 SH SOLE 4967500 0 5460150 RPM INTL INC COM 749685103 12841 719800 SH SOLE 468500 0 251300 SAFEWAY INC COM NEW 786514208 205681 10461919 SH SOLE 5841600 0 4620319 SFN GROUP INC COM 784153108 608 111400 SH SOLE 0 0 111400 STONE ENERGY CORP COM 861642106 44037 3946000 SH SOLE 2361400 0 1584600 SUNTRUST BKS INC COM 867914103 59970 2573817 SH SOLE 1428500 0 1145317 SUPERVALU INC COM 868536103 19563 1804700 SH SOLE 1395900 0 408800 SYMANTEC CORP COM 871503108 9151 659300 SH SOLE 515100 0 144200 SYMETRA FINL CORP COM 87151Q106 22734 1894510 SH SOLE 692100 0 1202410 SYNOVUS FINL CORP COM 87161C105 11629 4578429 SH SOLE 1501300 0 3077129 TEREX CORP NEW COM 880779103 14982 799445 SH SOLE 377100 0 422345 TERRITORIAL BANCORP INC COM 88145X108 307 16200 SH SOLE 5700 0 10500 TIME WARNER CABLE INC COM 88732J207 79564 1527722 SH SOLE 608000 0 919722 TRAVELERS COMPANIES INC COM 89417E109 57911 1175848 SH SOLE 597100 0 578748 TREE COM INC COM 894675107 1618 256000 SH SOLE 256000 0 0 TYCO ELECTRONICS LTD SWITZER SHS H8912P106 296394 11678269 SH SOLE 6323700 0 5354569 TYCO INTERNATIONAL LTD SHS H89128104 163040 4627886 SH SOLE 1913400 0 2714486 UFP TECHNOLOGIES INC COM 902673102 1243 135300 SH SOLE 135300 0 0 UNITED AMER INDEMNITY LTD CL A 90933T109 23903 3247693 SH SOLE 1254794 0 1992899 UNIVERSAL STAINLESS & ALLOY COM 913837100 4556 284943 SH SOLE 103900 0 181043 UNUM GROUP COM 91529Y106 33202 1530050 SH SOLE 960550 0 569500 VALASSIS COMMUNICATIONS INC COM 918866104 126668 3993331 SH SOLE 2649800 0 1343531 VODAFONE GROUP PLC NEW SPONS ADR NEW 92857W209 331955 16059731 SH SOLE 7497900 0 8561831 WAL MART STORES INC COM 931142103 193112 4017308 SH SOLE 1776600 0 2240708 WALTER INVT MGMT CORP COM 93317W102 6169 377300 SH SOLE 122700 0 254600 WARNACO GROUP INC COM NEW 934390402 1189 32900 SH SOLE 0 0 32900 WEBSTER FINL CORP CONN COM 947890109 17972 1001797 SH SOLE 316700 0 685097 WEIGHT WATCHERS INTL INC NEW COM 948626106 23948 932200 SH SOLE 562600 0 369600 WELLS FARGO & CO NEW COM 949746101 423388 16538589 SH SOLE 7814554 0 8724035 WESTAR ENERGY INC COM 95709T100 29856 1381600 SH SOLE 759200 0 622400 WESTWOOD ONE INC COM NEW 961815305 210 21319 SH SOLE 11418 0 9901 WISCONSIN ENERGY CORP COM 976657106 34787 685600 SH SOLE 529600 0 156000 WRIGHT EXPRESS CORP COM 98233Q105 9871 332348 SH SOLE 94400 0 237948 XL CAP LTD CL A G98255105 246276 15382633 SH SOLE 8296800 0 7085833