13F-HR 1 hw3q2011.txt HOTCHKIS AND 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: September 30, 2011 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 November 11, 2011 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: 156 Form 13F Information Table Value Total: $13,707,158 (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 ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- 99 CENTS ONLY STORES COM 65440K106 6906 374900 SH SOLE 141400 0 233500 AEROPOSTALE COM 007865108 10266 949721 SH SOLE 869800 0 79921 AIR T INC COM 009207101 322 42900 SH SOLE 42900 0 0 ALLIANT TECHSYSTEMS INC COM 018804104 48928 897600 SH SOLE 440100 0 457500 ALLSTATE CORP COM 020002101 487586 20581939 SH SOLE 10132339 0 10449600 AMERICAN INTL GROUP INC COM NEW 026874784 100418 4574849 SH SOLE 612849 0 3962000 APACHE CORP COM 037411105 1549 19300 SH SOLE 0 0 19300 ARRIS GROUP INC COM 04269Q100 73543 7140118 SH SOLE 5052400 0 2087718 ARVINMERITOR INC FRNT 4.000% 2/1 043353AH4 3555 5180000 PRN SOLE 5180000 0 0 ASSOCIATED BANC CORP COM 045487105 8468 910574 SH SOLE 238900 0 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194700 SH SOLE 69100 0 125600 KOSMOS ENERGY LTD SHS G5315B107 25145 2147300 SH SOLE 1969200 0 178100 KRAFT FOODS INC CL A 50075N104 76863 2288956 SH SOLE 1029856 0 1259100 LAKES ENTMNT INC COM 51206P109 1643 673500 SH SOLE 372300 0 301200 LEXMARK INTL NEW CL A 529771107 13779 509754 SH SOLE 296600 0 213154 LIFEPOINT HOSPITALS INC COM 53219L109 30367 828800 SH SOLE 470000 0 358800 LILLY ELI & CO COM 532457108 202224 5469938 SH SOLE 2486088 0 2983850 LOCKHEED MARTIN CORP COM 539830109 357695 4924209 SH SOLE 2224309 0 2699900 MAGNA INTL INC COM 559222401 147821 4483498 SH SOLE 2396698 0 2086800 MANPOWERGROUP INC COM 56418H100 85798 2552000 SH SOLE 1893900 0 658100 MERCK & CO INC NEW COM 58933Y105 134498 4111816 SH SOLE 2076237 0 2035579 MERITOR INC COM 59001K100 5561 787700 SH SOLE 266200 0 521500 METLIFE INC COM 59156R108 131561 4696943 SH SOLE 2333727 0 2363216 MI DEVS INC COM 55304X104 112443 4235160 SH SOLE 3072760 0 1162400 MICROSOFT CORP COM 594918104 300509 12073500 SH SOLE 5109100 0 6964400 MILLER INDS INC TENN COM NEW 600551204 20534 1183490 SH SOLE 509898 0 673592 MORGAN STANLEY COM NEW 617446448 47123 3490600 SH SOLE 464100 0 3026500 MUELLER WTR PRODS INC COM SER A 624758108 3458 1394200 SH SOLE 440300 0 953900 MURPHY OIL CORP COM 626717102 27825 630100 SH SOLE 557500 0 72600 NATIONAL WESTN LIFE INS CO CL A 638522102 2123 15670 SH SOLE 5400 0 10270 NESS TECHNOLOGIES INC COM 64104X108 16454 2148039 SH SOLE 793200 0 1354839 NEXTERA ENERGY INC COM 65339F101 519 9600 SH SOLE 9600 0 0 NORANDA ALUM HLDG CORP COM 65542W107 22957 2749400 SH SOLE 1042300 0 1707100 NORTHROP GRUMMAN CORP COM 666807102 171578 3289464 SH SOLE 1388064 0 1901400 NOVARTIS A G SPONSORED ADR 66987V109 137919 2473003 SH SOLE 958003 0 1515000 NXP SEMICONDUCTORS N V COM N6596X109 3478 246300 SH SOLE 226200 0 20100 ON SEMICONDUCTOR CORP COM 682189105 39564 5518000 SH SOLE 3926500 0 1591500 ORACLE CORP COM 68389X105 133926 4659900 SH SOLE 654900 0 4005000 OVERHILL FARMS INC COM 690212105 9696 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944100 0 2047410 SYMMETRICOM INC COM 871543104 3738 861300 SH SOLE 293200 0 568100 SYNOVUS FINL CORP COM 87161C105 20599 19251266 SH SOLE 16197600 0 3053666 TCF FINL CORP COM 872275102 4082 445669 SH SOLE 146100 0 299569 TE CONNECTIVITY LTD REG SHS H84989104 183606 6524727 SH SOLE 3144872 0 3379855 TEREX CORP NEW COM 880779103 15843 1544200 SH SOLE 1033200 0 511000 TESORO CORP COM 881609101 13674 702287 SH SOLE 643300 0 58987 TIME WARNER CABLE INC COM 88732J207 58609 935200 SH SOLE 124600 0 810600 TORCHMARK CORP COM 891027104 31604 906600 SH SOLE 830800 0 75800 TOTAL S A SPONSORED ADR 89151E109 279754 6376886 SH SOLE 2502786 0 3874100 TRAVELERS COMPANIES INC COM 89417E109 4673 95900 SH SOLE 64300 0 31600 TREE COM INC COM 894675107 2402 480408 SH SOLE 480408 0 0 TYCO INTERNATIONAL LTD SHS H89128104 1648 40450 SH SOLE 0 0 40450 UNUM GROUP COM 91529Y106 47276 2255550 SH SOLE 1758550 0 497000 VALASSIS COMMUNICATIONS INC COM 918866104 123031 6565171 SH SOLE 4824780 0 1740391 VODAFONE GROUP PLC NEW SPONS ADR NEW 92857W209 356762 13908856 SH SOLE 6005356 0 7903500 WAL MART STORES INC COM 931142103 243373 4689262 SH SOLE 1912062 0 2777200 WEBSTER FINL CORP CONN COM 947890109 9117 595882 SH SOLE 175300 0 420582 WELLS FARGO & CO NEW COM 949746101 462294 19166398 SH SOLE 8124212 0 11042186 WESTAR ENERGY INC COM 95709T100 14243 539100 SH SOLE 157500 0 381600 XL GROUP PLC SHS G98290102 189398 10074367 SH SOLE 5058267 0 5016100