CUSIP 63227W203 SCHEDULE 13G
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.1)
Natco Group Inc.
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(Name of Issuer)
Common Stock, $0.01 par value
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(Title of Class of Securities)
63227W203
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(CUSIP Number)
December 31, 2003
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(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 63227W203 SCHEDULE 13G
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 1,016,557
OWNED BY EACH
REPORTING 7 Sole Dispositive Power 0
PERSON WITH
8 Shared Dispositive Power 1,016,557
9 Aggregate Amount Beneficially Owned by Each Reporting
Person 1,016,557
10 Check Box if the Aggregate Amount in Row (9) Excludes Certain
Shares [ ]
11 Percent of Class Represented by Amount in Row 9 6.4%
12 Type of Reporting Person IA
CUSIP 63227W203 SCHEDULE 13G
Item 1(a). Name of Issuer:
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Natco Group Inc.
Item 1(b). Address of Issuer's Principal Executive Offices:
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2950 North Loop West
7th Floor
Houston, TX 77092
Item 2(a). Name of Person Filing:
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Bricoleur Capital Management LLC ("Bricoleur")
Item 2(b). Address of Principal Business Office or, if none, Residence:
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12230 El Camino Real, Suite 100
San Diego, CA 92130
Item 2(c). Citizenship:
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Delaware, United States
Item 2(d). Title of Class of Securities:
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Common Stock, $0.01 par value
Item 2(e). CUSIP Number:
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63227W203
Item 3. Type of Reporting Person:
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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.
CUSIP 63227W203 SCHEDULE 13G
(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).
(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.
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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.
The percentage was determined based on information received from
Bricoleur.
Item 5. Ownership of Five Percent or Less of a Class.
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Not Applicable.
Item 6. Ownership of More Than Five Percent on Behalf of Another Person.
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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.
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Not Applicable.
CUSIP 63227W203 SCHEDULE 13G
Item 8. Identification and Classification of Members of the Group.
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Not Applicable.
Item 9. Notice of Dissolution of Group.
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Not Applicable.
Item 10. Certification.
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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.
Signature
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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: February 6, 2004