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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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<SEC-DOCUMENT>0000950123-04-001406.txt : 20040209
<SEC-HEADER>0000950123-04-001406.hdr.sgml : 20040209
<ACCEPTANCE-DATETIME>20040209141403
ACCESSION NUMBER:		0000950123-04-001406
CONFORMED SUBMISSION TYPE:	SC 13G
PUBLIC DOCUMENT COUNT:		2
FILED AS OF DATE:		20040209
GROUP MEMBERS:		AW ASSET MANAGEMENT LLC

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CAVCO INDUSTRIES INC
		CENTRAL INDEX KEY:			0000278166
		STANDARD INDUSTRIAL CLASSIFICATION:	MOBILE HOMES [2451]
		IRS NUMBER:				860214910
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0331

	FILING VALUES:
		FORM TYPE:		SC 13G
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-39946
		FILM NUMBER:		04577132

	BUSINESS ADDRESS:	
		STREET 1:		2728 N HARWOOD
		CITY:			DALLAS
		STATE:			TX
		ZIP:			75201-1516
		BUSINESS PHONE:		2149815000

	MAIL ADDRESS:	
		STREET 1:		2728 N HARWOOD
		CITY:			DALLAS
		STATE:			AZ
		ZIP:			75201-1516

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			WRUBEL ARTHUR
		CENTRAL INDEX KEY:			0001279098
		IRS NUMBER:				522280947
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SC 13G

	BUSINESS ADDRESS:	
		STREET 1:		WESLEY CAPITAL
		STREET 2:		535 MADISON AVE 26TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10022
		BUSINESS PHONE:		2124217002

	MAIL ADDRESS:	
		STREET 1:		535 MADISON AVE
		STREET 2:		26TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10022
</SEC-HEADER>
<DOCUMENT>
<TYPE>SC 13G
<SEQUENCE>1
<FILENAME>y93943bsc13g.txt
<DESCRIPTION>SCHEDULE 13G
<TEXT>
<PAGE>

                                                   -----------------------------
                                                         OMB APPROVAL

                                                   OMB Number: 3235-0145
                                                   Expires:  October 31, 2002
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                                                   hours per response ..... 10.7
                                                   -----------------------------

                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                  SCHEDULE 13G

                    UNDER THE SECURITIES EXCHANGE ACT OF 1934
                         (AMENDMENT NO. _____________)*

                             CAVCO INDUSTRIES, INC.
                   ------------------------------------------
                                (Name of Issuer)

                     COMMON STOCK, PAR VALUE $0.01 PER SHARE
                   ------------------------------------------
                         (Title of Class of Securities)

                                    149568107
                   ------------------------------------------
                                 (CUSIP Number)

                                SEPTEMBER 9, 2003
                   ------------------------------------------
             (Date of Event which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:

[ ]      Rule 13d-1(b)

[X]      Rule 13d-1(c)

[ ]      Rule 13d-1(d)

- ------------------
         *The remainder of this cover page shall be filled out for a reporting
person's initial filing on this form with respect to the subject class of
securities, and for any subsequent amendment containing information which would
alter the disclosures provided in a prior cover page.

         The information required in the remainder of this cover page shall not
be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange
Act of 1934 ("Act") or otherwise subject to the liabilities of that section of
the Act but shall be subject to all other provisions of the Act (however, see
the Notes).

<PAGE>

- -------------------                                            -----------------
CUSIP No. 149568107                 13G                        Page 2 of 8 Pages
- -------------------                                            -----------------

- --------------------------------------------------------------------------------
   1    NAMES OF REPORTING PERSONS
        Arthur Wrubel
        S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON:

- --------------------------------------------------------------------------------
   2    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*

                                                                (a)  [ ]

                                                                (b)  [ ]
- --------------------------------------------------------------------------------
   3    SEC USE ONLY
- --------------------------------------------------------------------------------
   4    CITIZENSHIP OR PLACE OF ORGANIZATION

             United States
- --------------------------------------------------------------------------------
                          5  SOLE VOTING POWER

        NUMBER OF                -0-
         SHARES           ------------------------------------------------------
      BENEFICIALLY        6  SHARED VOTING POWER
        OWNED BY
          EACH                   301,182 (See Item 4)
       REPORTING          ------------------------------------------------------
         PERSON           7  SOLE DISPOSITIVE POWER
          WITH
                                 -0-
                          ------------------------------------------------------
                          8  SHARED DISPOSITIVE POWER

                                 301,182 (See Item 4)
- --------------------------------------------------------------------------------

   9    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

             301,182 (See Item 4)

- --------------------------------------------------------------------------------
   10   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
        EXCLUDES CERTAIN SHARES*
                                                                      [ ]
- --------------------------------------------------------------------------------
   11   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

             9.6%
- --------------------------------------------------------------------------------
   12   TYPE OF REPORTING PERSON*

             IN
- --------------------------------------------------------------------------------

* SEE INSTRUCTIONS BEFORE FILLING OUT.
<PAGE>

- -------------------                                            -----------------
CUSIP No. 149568107                 13G                        Page 3 of 8 Pages
- -------------------                                            -----------------

- --------------------------------------------------------------------------------
   1    NAMES OF REPORTING PERSONS
        AW Asset Management, L.L.C.
        S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON:

                  52-2280947
- --------------------------------------------------------------------------------
   2    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*

                                                                (a)  [ ]

                                                                (b)  [ ]
- --------------------------------------------------------------------------------
   3    SEC USE ONLY

- --------------------------------------------------------------------------------
   4    CITIZENSHIP OR PLACE OF ORGANIZATION

             Delaware
- --------------------------------------------------------------------------------
                          5  SOLE VOTING POWER

         NUMBER OF               -0-
           SHARES         ------------------------------------------------------
        BENEFICIALLY      6  SHARED VOTING POWER
          OWNED BY
            EACH                 301,182  (See Item 4)
         REPORTING        ------------------------------------------------------
           PERSON         7  SOLE DISPOSITIVE POWER
            WITH
                                 -0-
                          ------------------------------------------------------
                          8  SHARED DISPOSITIVE POWER

                                 301,182  (See Item 4)
- --------------------------------------------------------------------------------
   9    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

                  301,182  (See Item 4)
- --------------------------------------------------------------------------------
   10   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
        CERTAIN SHARES*                                                  [ ]
- --------------------------------------------------------------------------------
   11   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

                  9.6%
- --------------------------------------------------------------------------------
   12   TYPE OF REPORTING PERSON*

                  OO
- --------------------------------------------------------------------------------

* SEE INSTRUCTIONS BEFORE FILLING OUT.
<PAGE>

- -------------------                                            -----------------
CUSIP No. 149568107                 13G                        Page 4 of 8 Pages
- -------------------                                            -----------------

ITEM 1(a)         NAME OF ISSUER:

                  The name of the issuer is Cavco Industries, Inc. (the
                  "Company").

ITEM 1(b)         ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:

                  The Company's principal executive office is located at 1001
North Central Avenue, 8th Floor, Phoenix, Arizona 85004.

ITEM 2(a)         NAME OF PERSON FILING:

                  This Schedule 13G is being jointly filed by each of the
following persons pursuant to Rule 13-d(1)(k) promulgated by the Securities and
Exchange Commission pursuant to Section 13 of the Securities and Exchange Act of
1934, as amended (the "Act"): (1) AW Asset Management, L.L.C., a Delaware
limited liability company (the "Management Company"), which serves as investment
manager or advisor to a number of hedge funds and managed accounts (such funds
and accounts, collectively, the "Funds") with respect to shares of Common Stock
(as defined in Item 2(d)) directly owned by the Funds and (2) Mr. Arthur Wrubel,
who is the Chief Executive Officer and President of the Management Company and
controls its business activities, with respect to shares of Common Stock
indirectly beneficially owned by Mr. Wrubel by virtue of such position. Mr.
Wrubel, together with the Management Company, are referred to in this Schedule G
as the "Reporting Persons."

                  The Reporting Persons have entered into a Joint Filing
Agreement, dated February 5, 2004, a copy of which is filed with this Schedule
13G as Exhibit A, pursuant to which the Reporting Persons have agreed to file
this statement jointly in accordance with the provisions of Rule 13d-1(k)(1)
under the Act.

ITEM 2(b)         ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE:

                  The address of the principal business office of each of the
Reporting Persons is 535 Madison Avenue, 26th Floor, New York, NY 10022

ITEM 2(c)         CITIZENSHIP:

                  The Management Company is organized as a limited liability
company under the laws of the State of Delaware. Mr. Wrubel is a United States
citizen.

ITEM 2(d)         TITLE OF CLASS OF SECURITIES:

                  Common Stock, par value $0.01 per share.

ITEM 2(e)         CUSIP NO.:

                  149568107

<PAGE>

- -------------------                                            -----------------
CUSIP No. 149568107                 13G                        Page 5 of 8 Pages
- -------------------                                            -----------------

ITEM 3            IF THIS STATEMENT IS FILE PURSUANT TO RULES 13d-1(b), OR
                  13d-2(b),CHECK WHETHER THE PERSON FILING IS A:

                  Not Applicable.

ITEM 4            OWNERSHIP:

                  A. AW Asset Management, L.L.C.

                           (a) Amount beneficially owned: 301,182

                           (b) Percent of class: 9.6%. The percentages used
                               herein and in the rest of this Schedule 13G are
                               calculated based upon 3,146,495 shares of Common
                               Stock stated to be issued and outstanding as of
                               January 27, 2004, as reflected in the Company's
                               Quarterly Report on Form 10-Q for the quarterly
                               period ended December 31, 2003.

                           (c) Number of shares as to which such person has:

                                    (i)      Sole power to vote or direct the
                                             vote: -0-

                                    (ii)     Shared power to vote or direct the
                                             vote: 301,182

                                    (iii)    Sole power to dispose or direct the
                                             disposition: -0-

                                    (iv)     Shared power to dispose or direct
                                             the disposition: 301,182

                  B. Arthur Wrubel

                           (a) Amount beneficially owned: 301,182

                           (b) Percent of class: 9.6%.

                           (c) Number of shares as to which such person has:

                                    (j)      Sole power to vote or direct the
                                             vote: 0

                                             (ii)     Shared power to vote or
                                                      direct the vote: 301,182

                                             (iii)    Sole power to dispose or
                                                      direct the disposition: 0

                                             (iv)     Shared power to dispose or
                                                      direct the disposition:
                                                      301,182
<PAGE>

- -------------------                                            -----------------
CUSIP No. 149568107                 13G                        Page 6 of 8 Pages
- -------------------                                            -----------------

ITEM 5            OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS:

                  If this statement is being filed to report the fact that as of
the date hereof each of the Reporting Persons has ceased to be the beneficial
owner of more than five percent of the class of securities, check the following
[ ].

ITEM 6            OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER
                  PERSON:

                  See response to Item 4.

ITEM 7            IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH
                  ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING
                  COMPANY:

                  Not applicable.

ITEM 8            IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP:

                  Not applicable.

ITEM 9            NOTICE OF DISSOLUTION OF GROUP:

                  Not applicable.

ITEM 10           CERTIFICATION:

                  By signing below I certify that, to the best of my knowledge
and belief, the securities referred to above were not acquired and are not held
in connection with or as a participant in any transaction having that purpose or
effect.

<PAGE>

- -------------------                                            -----------------
CUSIP No. 149568107                 13G                        Page 7 of 8 Pages
- -------------------                                            -----------------

                                    SIGNATURE

                  After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this statement is true,
complete and correct.

Date: February 5, 2004

                                 AW Asset Management L.L.C.

                                 By: /s/ Arthur Wrubel
                                     -----------------
                                 Name: Arthur Wrubel

                                 Its: President and Chief Executive Officer

                                 Arthur Wrubel

                                 /s/ Arthur Wrubel
                                 -----------------


</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.A
<SEQUENCE>3
<FILENAME>y93943bexv99wa.txt
<DESCRIPTION>JOINT FILING AGREEMENT
<TEXT>
<PAGE>

                                                                       Exhibit A

              AGREEMENT REGARDING THE JOINT FILING OF SCHEDULE 13G

The undersigned hereby agree as follows:

         (i)      Each of them is individually eligible to use the Schedule 13G
to which this Exhibit is attached, and such Schedule 13G is filed on behalf of
each of them; and

         (ii)     Each of them is responsible for the timely filing of such
Schedule 13G and any amendments thereto, and for the completeness and accuracy
of the information concerning such person contained therein; but none of them is
responsible for the completeness or accuracy of the information concerning the
other persons making the filing, unless such person knows or has reason to
believe that such information is inaccurate.

Date: February 5, 2004

                                 AW Asset Management L.L.C.

                                 By: /s/Arthur Wrubel
                                     ----------------
                                 Name: Arthur Wrubel

                                 Its: President and Chief Executive Officer

                                 Arthur Wrubel

                                 /s/Arthur Wrubel
                                 ----------------

</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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