13F-HR 1 hw13f074.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: December 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 February 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: 117 Form 13F Information Table Value Total: $24,554,022 (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 ALEXANDER & BALDWIN INC COM 014482103 29916. 579100. SH SOLE 475200. 0. 103900. ALTRIA GROUP INC COM 02209S103 291323. 3854501. SH SOLE 2556101. 0. 1298400. ASHLAND INC NEW COM 044209104 50399. 1062600. SH SOLE 855300. 0. 207300. ASTRAZENECA PLC SPONSORED ADR 046353108 279499. 6527300. SH SOLE 4197000. 0. 2330300. AUTONATION INC COM 05329W102 206465. 13184200. SH SOLE 11476100. 0. 1708100. AVIS BUDGET GROUP COM 053774105 13689. 1052970. SH SOLE 864400. 0. 188570. BJS WHOLESALE CLUB INC COM 05548J106 60343. 1783700. SH SOLE 1404900. 0. 378800. BMC SOFTWARE INC COM 055921100 411257. 11539192. SH SOLE 9982192. 0. 1557000. BANK OF AMERICA CORPORATION COM 060505104 455077. 11029493. SH SOLE 7353525. 0. 3675968. BAUER EDDIE HLDGS INC COM 071625107 530. 83500. SH SOLE 45600. 0. 37900. BEAZER HOMES USA INC COM 07556Q105 28803. 3876608. SH SOLE 2899508. 0. 977100. BOWNE & CO INC COM 103043105 2066. 117400. SH SOLE 0. 0. 117400. BRISTOL MYERS SQUIBB CO COM 110122108 160775. 6062400. SH SOLE 3915400. 0. 2147000. BROOKFIELD HOMES CORP COM 112723101 1932. 122297. SH SOLE 59940. 0. 62357. CNA FINL CORP COM 126117100 65016. 1928124. SH SOLE 1750724. 0. 177400. CA INC COM 12673P105 1210469. 48515788. SH SOLE 34021710. 0.14494078. CALIFORNIA COASTAL CMNTYS IN COM NEW 129915203 5228. 889074. SH SOLE 542574. 0. 346500. CAPLEASE INC COM 140288101 37436. 4446100. SH SOLE 2772000. 0. 1674100. CAPITAL ONE FINL CORP COM 14040H105 33484. 708500. SH SOLE 282200. 0. 426300. CENTEX CORP COM 152312104 476767. 18874400. SH SOLE 12324600. 0. 6549800. CHEVRON CORP NEW COM 166764100 19319. 207000. SH SOLE 142500. 0. 64500. CITADEL BROADCASTING CORP COM 17285T106 47193. 22909200. SH SOLE 20447900. 0. 2461300. CITIGROUP INC COM 172967101 401753. 13646500. SH SOLE 8813000. 0. 4833500. COMERICA INC COM 200340107 326566. 7502100. SH SOLE 5620600. 0. 1881500. CON-WAY INC COM 205944101 134950. 3248678. SH SOLE 2739278. 0. 509400. CONSECO INC COM NEW 208464883 197704. 15740800. SH SOLE 11593600. 0. 4147200. DOW CHEM CO COM 260543103 3784. 96000. SH SOLE 50200. 0. 45800. EASTMAN CHEM CO COM 277432100 634322. 10383400. SH SOLE 8807600. 0. 1575800. ELECTRONIC DATA SYS NEW COM 285661104 1204934. 58125150. SH SOLE 41232650. 0.16892500. EMBRAER-EMPRESA BRASILEIRA D SP ADR COM SHS 29081M102 95096. 2085900. SH SOLE 1387300. 0. 698600. EMPLOYERS HOLDINGS INC COM 292218104 29736. 1779528. SH SOLE 1015128. 0. 764400. ENTERGY CORP NEW COM 29364G103 420531. 3518500. SH SOLE 2164200. 0. 1354300. EXELON CORP COM 30161N101 787997. 9652100. SH SOLE 6428700. 0. 3223400. FPL GROUP INC COM 302571104 376901. 5560650. SH SOLE 4231450. 0. 1329200. FEDERAL HOME LN MTG CORP COM 313400301 723839. 21245650. SH SOLE 13959350. 0. 7286300. FEDEX CORP COM 31428X106 39761. 445900. SH SOLE 173700. 0. 272200. FIRST HORIZON NATL CORP COM 320517105 34066. 1876900. SH SOLE 1684200. 0. 192700. FLOWSERVE CORP COM 34354P105 52006. 540600. SH SOLE 461800. 0. 78800. FOOT LOCKER INC COM 344849104 78392. 5738800. SH SOLE 5239100. 0. 499700. FOUNDATION COAL HLDGS INC COM 35039W100 33007. 628710. SH SOLE 344100. 0. 284610. FURNITURE BRANDS INTL INC COM 360921100 26163. 2600678. SH SOLE 1919678. 0. 681000. GAP INC DEL COM 364760108 344506. 16189200. SH SOLE 10941100. 0. 5248100. GENWORTH FINL INC COM CL A 37247D106 713470. 28034200. SH SOLE 20018900. 0. 8015300. GREAT ATLANTIC & PAC TEA INC COM 390064103 5551. 177174. SH SOLE 102858. 0. 74316. GREAT PLAINS ENERGY INC COM 391164100 63407. 2162600. SH SOLE 1414700. 0. 747900. GROUP 1 AUTOMOTIVE INC COM 398905109 8082. 340300. SH SOLE 204100. 0. 136200. HANOVER INS GROUP INC COM 410867105 266093. 5809890. SH SOLE 4714390. 0. 1095500. HARTFORD FINL SVCS GROUP INC COM 416515104 39236. 450000. SH SOLE 192600. 0. 257400. HOME DEPOT INC COM 437076102 601434. 22324949. SH SOLE 14633204. 0. 7691745. HUDSON HIGHLAND GROUP INC COM 443792106 31333. 3725700. SH SOLE 2601900. 0. 1123800. IDEARC INC COM 451663108 271383. 15454600. SH SOLE 11652400. 0. 3802200. IKON OFFICE SOLUTIONS INC COM 451713101 164897. 12664880. SH SOLE 10702480. 0. 1962400. INTERPUBLIC GROUP COS INC COM 460690100 286277. 35299210. SH SOLE 21758610. 0.13540600. JP MORGAN CHASE & CO COM 46625H100 597625. 13691300. SH SOLE 9088760. 0. 4602540. JOHNSON & JOHNSON COM 478160104 172026. 2579100. SH SOLE 1652600. 0. 926500. JONES APPAREL GROUP INC COM 480074103 288645. 18051600. SH SOLE 15648100. 0. 2403500. K-SWISS INC CL A 482686102 4362. 241000. SH SOLE 124300. 0. 116700. KELLY SVCS INC CL A 488152208 32078. 1719100. SH SOLE 965100. 0. 754000. KEYCORP NEW COM 493267108 120331. 5131400. SH SOLE 3830100. 0. 1301300. LENNAR CORP CL A 526057104 366904. 20508860. SH SOLE 14835260. 0. 5673600. LENNAR CORP CL B 526057302 52749. 3177660. SH SOLE 2949760. 0. 227900. LEXINGTON REALTY TRUST COM 529043101 19347. 1330600. SH SOLE 777000. 0. 553600. LILLY ELI & CO COM 532457108 517066. 9684700. SH SOLE 6257000. 0. 3427700. LIMITED BRANDS INC COM 532716107 269592. 14241500. SH SOLE 11619600. 0. 2621900. LIVE NATION INC COM 538034109 5237. 360663. SH SOLE 190263. 0. 170400. LIZ CLAIBORNE INC COM 539320101 11089. 544900. SH SOLE 454400. 0. 90500. LODGIAN INC COM PAR $.01 54021P403 33939. 3014109. SH SOLE 2043209. 0. 970900. M D C HLDGS INC COM 552676108 41677. 1122456. SH SOLE 638256. 0. 484200. MI DEVS INC CL A SUB VTG 55304X104 153444. 5505700. SH SOLE 4510800. 0. 994900. MAGNA INTL INC CL A 559222401 30234. 375900. SH SOLE 345500. 0. 30400. METLIFE INC COM 59156R108 498477. 8089530. SH SOLE 5323230. 0. 2766300. MICROSOFT CORP COM 594918104 676526. 19003550. SH SOLE 12298750. 0. 6704800. MILLER INDS INC TENN COM NEW 600551204 27732. 2025698. SH SOLE 1456598. 0. 569100. NATIONAL CITY CORP COM 635405103 190190. 11554700. SH SOLE 7665900. 0. 3888800. NORTHROP GRUMMAN CORP COM 666807102 393845. 5008200. SH SOLE 3334000. 0. 1674200. NOVELL INC COM 670006105 79660. 11595300. SH SOLE 9763700. 0. 1831600. ORACLE CORP COM 68389X105 144643. 6405800. SH SOLE 2555200. 0. 3850600. PHH CORP COM NEW 693320202 75342. 4271100. SH SOLE 3487000. 0. 784100. PMA CAP CORP CL A 693419202 7289. 886800. SH SOLE 514800. 0. 372000. PACIFIC SUNWEAR CALIF INC COM 694873100 22709. 1609434. SH SOLE 892534. 0. 716900. PFIZER INC COM 717081103 504574. 22198600. SH SOLE 14371600. 0. 7827000. PHILLIPS VAN HEUSEN CORP COM 718592108 8010. 217300. SH SOLE 114600. 0. 102700. PORTLAND GEN ELEC CO COM NEW 736508847 77064. 2774100. SH SOLE 2093800. 0. 680300. PULTE HOMES INC COM 745867101 204653. 19416800. SH SOLE 11925500. 0. 7491300. R H DONNELLEY CORP COM NEW 74955W307 191057. 5237315. SH SOLE 3116628. 0. 2120687. RENT A CTR INC NEW COM 76009N100 71424. 4919000. SH SOLE 4397300. 0. 521700. ROYAL DUTCH SHELL PLC SPON ADR B 780259107 517895. 6239700. SH SOLE 4312700. 0. 1927000. RUSS BERRIE & CO COM 782233100 6441. 393700. SH SOLE 235200. 0. 158500. SAFEWAY INC COM NEW 786514208 250410. 7319800. SH SOLE 5223100. 0. 2096700. ST JOE CO COM 790148100 227381. 6403300. SH SOLE 4128000. 0. 2275300. SANMINA SCI CORP COM 800907107 20. 10818. SH SOLE 10818. 0. 0. SPHERION CORP COM 848420105 11199. 1538330. SH SOLE 914530. 0. 623800. SUNOCO INC COM 86764P109 273961. 3781900. SH SOLE 2613900. 0. 1168000. TOLL BROTHERS INC COM 889478103 692. 34500. SH SOLE 0. 0. 34500. TRAVELERS COMPANIES INC COM 89417E109 559702. 10403381. SH SOLE 6631663. 0. 3771718. TRONOX INC CL A 897051108 3905. 438800. SH SOLE 157400. 0. 281400. TRONOX INC COM CL B 897051207 4328. 500401. SH SOLE 112201. 0. 388200. UNIONBANCAL CORP COM 908906100 164047. 3354060. SH SOLE 2553410. 0. 800650. UNISYS CORP COM 909214108 7429. 1570600. SH SOLE 1349300. 0. 221300. UNITED AMER INDEMNITY LTD CL A 90933T109 22543. 1131668. SH SOLE 659249. 0. 472419. UNUM GROUP COM 91529Y106 560325. 23552950. SH SOLE 18089650. 0. 5463300. VALASSIS COMMUNICATIONS INC COM 918866104 64508. 5518200. SH SOLE 4026700. 0. 1491500. WCI CMNTYS INC COM 92923C104 2476. 655000. SH SOLE 133500. 0. 521500. WACHOVIA CORP NEW COM 929903102 469317. 12340700. SH SOLE 8120400. 0. 4220300. WAL MART STORES INC COM 931142103 785044. 16516800. SH SOLE 10853700. 0. 5663100. WARNACO GROUP INC COM NEW 934390402 35232. 1012400. SH SOLE 554500. 0. 457900. WASHINGTON MUT INC COM 939322103 591873. 43488092. SH SOLE 28102446. 0.15385646. WEBSTER FINL CORP CONN COM 947890109 9079. 284000. SH SOLE 110200. 0. 173800. WESTWOOD ONE INC COM 961815107 17233. 8659848. SH SOLE 5216048. 0. 3443800. WET SEAL INC CL A 961840105 5020. 2154500. SH SOLE 1172800. 0. 981700. WINN DIXIE STORES INC COM NEW 974280307 8366. 495900. SH SOLE 258400. 0. 237500. YUM BRANDS INC COM 988498101 8251. 215600. SH SOLE 190700. 0. 24900. COVIDIEN LTD COM G2552X108 347517. 7846403. SH SOLE 4947097. 0. 2899306. QUANTA CAPITAL HLDGS LTD SHS G7313F106 487. 191000. SH SOLE 191000. 0. 0. TYCO INTL LTD BERMUDA SHS G9143X208 509395. 12847278. SH SOLE 8380472. 0. 4466806. TYCO ELECTRONICS LTD COM NEW G9144P105 566261. 15250778. SH SOLE 9843172. 0. 5407606. XL CAP LTD CL A G98255105 349982. 6956500. SH SOLE 4946700. 0. 2009800.