UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
(Rule 13d-102)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO
RULES 13d-1(b), (c), AND (d) AND AMENDMENTS THERETO FILED PURSUANT TO
RULE 13d-2(b)
(Amendment No. 2)
Technical Olympic USA, Inc.
---------------------------
(Name of Issuer)
Common Stock, $0.01 par value
-----------------------------
(Title of Class of Securities)
878483106
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(CUSIP Number)
September 14, 2004
------------------
(Date of Event Which Requires Filing of This Statement)
Check the appropriate box to designate the rule pursuant to which
this Schedule is filed:
[x] Rule 13d-1(b)
[ ] 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).
CUSIP 878483106 SCHEDULE 13G Page 2 of 5 Pages
1 Name of Reporting Person BRICOLEUR CAPITAL MANAGEMENT LLC
IRS Identification No. of Above Person 13-40036
2 Check the Appropriate Box if a member of a Group (a) [ ]
(b) [ ]
3 SEC USE ONLY
4 Citizenship or Place of Organization Delaware, United States
NUMBER OF 5 Sole Voting Power 0
SHARES
BENEFICIALLY 6 Shared Voting Power 7,457,796
OWNED BY EACH
REPORTING 7 Sole Dispositive Power 0
PERSON WITH
8 Shared Dispositive Power 7,457,796
9 Aggregate Amount Beneficially Owned by Each Reporting
Person 7,457,796
10 Check Box if the Aggregate Amount in Row (9) Excludes
Certain Shares [ ]
11 Percent of Class Represented by Amount in Row 9 16.6%
12 Type of Reporting Person IA
CUSIP 878483106 SCHEDULE 13G Page 3 of 5 Pages
Item 1(a). Name of Issuer:
Technical Olympic USA, Inc.
Item 1(b). Address of Issuer's Principal Executive Offices:
4000 Hollywood Boulevard, Suite 500N
Hollywood, FL 33021
Item 2(a). Name of Person Filing:
Bricoleur Capital Management LLC ("Bricoleur")
Item 2(b). Address of Principal Business Office or, if none, Residence:
12230 El Camino Real, Suite 100
San Diego, CA 92130
Item 2(c). Citizenship:
Delaware, United States
Item 2(d). Title of Class of Securities:
Common Stock, $0.01 par value
Item 2(e). CUSIP Number:
878483106
Item 3. Type of Reporting Person:
If this statement is filed pursuant to Rule 13d-1(b) or
Rule 13d-2(b) or (c), check whether the person filing is a:
(a) [ ] Broker or dealer registered under section 15 of the
Exchange Act.
(b) [ ] Bank as defined in section 3(a)(6) of the Exchange Act.
(c) [ ] Insurance company as defined in section 3(a)(19) of the
Exchange Act.
(d) [ ] Investment company registered under section 8 of the
Investment Company Act.
(e) [x] An investment adviser in accordance with Rule
13d-1(b)(1)(ii)(E).
(f) [ ] An employee benefit plan or endowment fund in
accordance with Rule 13d-1(b)(1)(ii)(F).
(g) [ ] A parent holding company or control person in
accordance with Rule 13d-1(b)(1)(ii)(G).
CUSIP 878483106 SCHEDULE 13G Page 4 of 5 Pages
(h) [ ] A savings association as defined in Section 3(b) of
the Federal Deposit Insurance Act.
(i) [ ] A church plan that is excluded from the definition of
an investment company under section 3(c)(14) of the
Investment Company Act.
(j) [ ] Group, in accordance with Rule 13d-1(b)(1)(ii)(J).
Item 4. Ownership.
Reference is hereby made to Items 5-9 and 11 of page two (2)
of this Schedule 13G, which Items are incorporated by reference
herein.
Item 5. Ownership of Five Percent or Less of a Class.
Not Applicable.
Item 6. Ownership of More Than Five Percent on Behalf of Another Person.
Bricoleur is filing this Schedule 13G because, as investment
manager for certain accounts in which the securities reflected
in Items 5-9 and 11 of page two of this Schedule 13G (the
"Securities") are held, Bricoleur has been granted the authority
to dispose of and vote those Securities. Each entity that owns
an account has the right to receive or the power to direct the
receipt of, dividend from, or the proceeds from the sale of, the
Securities held in the account.
Item 7. Identification and Classification of the Subsidiary Which
Acquired the Security Being Reported on by the Parent Holding
Company or Control Person.
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 acquired and are held in the ordinary
course of business and were not acquired and are not held for the purpose of
or with the effect of changing or influencing the control of the issuer of
the securities and were not acquired and are not held in connection with or
as a participant in any transaction having that purpose or effect.
CUSIP 878483106 SCHEDULE 13G Page 5 of 5 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.
BRICOLEUR CAPITAL MANAGEMENT LLC
By:/s/ Robert M. Poole
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Robert M. Poole, Management Committee
Member
DATED: October 4, 2004