Miles Capital 13F-HR Quarterly holdings report by institutional manager

The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE

OMB APPROVAL

OMB Number:		3235-0006
Expires:	Oct 31, 2018
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COLUMN 1	COLUMN 2	COLUMN 3	COLUMN 4	COLUMN 5			COLUMN 6	COLUMN 7	COLUMN 8
			VALUE	SHRS OR	SH/	PUT/	INVESTMENT	OTHER	VOTING AUTHORITY
NAME OF ISSUER	TITLE OF CLASS	CUSIP	(x$1000)	PRN AMT	PRN	CALL	DISCRETION	MANAGER	SOLE	SHARED	NONE
ACADIA HEALTHCARE COMPANY	Common Stocks	00404A109	785	16,578	SH		SOLE	0	0	0	0
ACE LTD	Common Stocks	H0023R105	1,331	12,860	SH		SOLE	0	0	0	0
ALEXANDER & BALDWIN INC	Common Stocks	014491104	526	12,613	SH		SOLE	0	0	0	0
ALLETE INC	Common Stocks	018522300	421	8,436	SH		SOLE	0	0	0	0
ALLOT COMMUNICATIONS LTD	Common Stocks	M0854Q105	624	41,217	SH		SOLE	0	0	0	0
ALTRIA GROUP INC	Common Stocks	02209S103	1,901	49,530	SH		SOLE	0	0	0	0
AMERICAN ELECTRIC POWER INC	Common Stocks	025537101	1,231	26,328	SH		SOLE	0	0	0	0
AMERICAN INTL GROUP INC	Common Stocks	026874784	2,759	54,038	SH		SOLE	0	0	0	0
APACHE CORP	Common Stocks	037411105	1,546	17,984	SH		SOLE	0	0	0	0
APPLE COMPUTER INC	Common Stocks	037833100	1,010	1,800	SH		SOLE	0	0	0	0
ASPEN TECHNOLOGY INC	Common Stocks	045327103	601	14,383	SH		SOLE	0	0	0	0
AT&T INC	Common Stocks	00206R102	598	17,018	SH		SOLE	0	0	0	0
B&G FOODS INC	Common Stocks	05508R106	258	7,608	SH		SOLE	0	0	0	0
BAXTER INTL INC	Common Stocks	071813109	2,241	32,225	SH		SOLE	0	0	0	0
CARDTRONICS	Common Stocks	14161H108	633	14,558	SH		SOLE	0	0	0	0
CARRIAGE SERVICES INC	Common Stocks	143905107	420	21,530	SH		SOLE	0	0	0	0
CEVA INC	Common Stocks	157210105	460	30,248	SH		SOLE	0	0	0	0
CHAMBERS STREET PROPERTIES	Common Stocks	157842105	1,085	141,874	SH		SOLE	0	0	0	0
CHEVRONTEXACO CORPORATION	Common Stocks	166764100	1,925	15,411	SH		SOLE	0	0	0	0
CINEMARK HOLDINGS INC	Common Stocks	17243V102	387	11,607	SH		SOLE	0	0	0	0
CISCO SYSTEMS INC	Common Stocks	17275R102	1,273	56,766	SH		SOLE	0	0	0	0
COCA-COLA CO	Common Stocks	191216100	2,754	66,678	SH		SOLE	0	0	0	0
COLGATE-PALMOLIVE CO	Common Stocks	194162103	1,645	25,233	SH		SOLE	0	0	0	0
COLUMBIA BANKING SYSTEM	Common Stocks	197236102	606	22,039	SH		SOLE	0	0	0	0
COMCAST CORP	Common Stocks	20030N101	840	16,165	SH		SOLE	0	0	0	0
CONOCOPHILLIPS	Common Stocks	20825C104	727	10,294	SH		SOLE	0	0	0	0
CORE-MARK HOLDING CO INC	Common Stocks	218681104	374	4,930	SH		SOLE	0	0	0	0
CORESITE REALTY CORP	Common Stocks	21870Q105	275	8,558	SH		SOLE	0	0	0	0
CORRECTIONS CORP OF AMERICA	Common Stocks	22025Y407	1,142	35,603	SH		SOLE	0	0	0	0
COTT CORPORATION	Common Stocks	22163N106	394	48,917	SH		SOLE	0	0	0	0
CVS CAREMARK CORPORATION	Common Stocks	126650100	885	12,365	SH		SOLE	0	0	0	0
DISCOVER FINANCIAL SERVICES	Common Stocks	254709108	1,599	28,581	SH		SOLE	0	0	0	0
DOMINION RES INC VA	Common Stocks	25746U109	1,753	27,096	SH		SOLE	0	0	0	0
DOMTAR CORP	Common Stocks	257559203	2,640	27,985	SH		SOLE	0	0	0	0
EL PASO ELECTRIC CO	Common Stocks	283677854	272	7,761	SH		SOLE	0	0	0	0
EMC CORP MASS	Common Stocks	268648102	1,267	50,363	SH		SOLE	0	0	0	0
ENDURANCE SPECIALTY HLDGS	Common Stocks	G30397106	702	11,964	SH		SOLE	0	0	0	0
EXPRESS SCRIPTS INC	Common Stocks	30219G108	513	7,310	SH		SOLE	0	0	0	0
EXXON MOBIL CORP	Common Stocks	30231G102	1,637	16,173	SH		SOLE	0	0	0	0
FAMILY DOLLAR STORES	Common Stocks	307000109	1,542	23,730	SH		SOLE	0	0	0	0
FIFTH THIRD BANCORP	Common Stocks	316773100	826	39,269	SH		SOLE	0	0	0	0
FRANKLIN RESOURCES INC	Common Stocks	354613101	2,096	36,299	SH		SOLE	0	0	0	0
GENERAL ELECTRIC CO	Common Stocks	369604103	2,607	93,001	SH		SOLE	0	0	0	0
GENESEE & WYOMING INC-CL A	Common Stocks	371559105	382	3,976	SH		SOLE	0	0	0	0
GOLDCORP INC	Common Stocks	380956409	593	27,346	SH		SOLE	0	0	0	0
GRAPHIC PACKAGING HOLDING	Common Stocks	388689101	370	38,566	SH		SOLE	0	0	0	0
HAEMONETICS CORPORATION	Common Stocks	405024100	497	11,791	SH		SOLE	0	0	0	0
HANGER INC	Common Stocks	41043F208	357	9,086	SH		SOLE	0	0	0	0
HSN INC	Common Stocks	404303109	506	8,129	SH		SOLE	0	0	0	0
IPATH DOW JONES-AIG COMMDTY INDX ETN	ETF	06738C778	4	117	SH		OTR	0	0	0	0
IPATH DOW JONES-AIG COMMDTY INDX ETN	ETF	06738C778	9,952	270,804	SH		SOLE	0	0	0	0
ISHARES BARCLAY TIPS BONDS	ETF	464287176	30	276	SH		OTR	0	0	0	0
ISHARES BARCLAY TIPS BONDS	ETF	464287176	1,594	14,505	SH		SOLE	0	0	0	0
ISHARES MSCI JAPAN ETF	ETF	464286848	533	43,915	SH		SOLE	0	0	0	0
ISHARES S&P 500 INDEX FUND	ETF	464287200	28	151	SH		OTR	0	0	0	0
ISHARES S&P 500 INDEX FUND	ETF	464287200	8,319	44,812	SH		SOLE	0	0	0	0
ISHARES S&P MIDCAP 400 INDEX FUND	ETF	464287465	938	7,008	SH		SOLE	0	0	0	0
ISHARES TR MSCI EAFE INDEX	ETF	464287465	814	12,135	SH		SOLE	0	0	0	0
ISHARES TR RUSSL 2000 INDEX	ETF	464287655	9	82	SH		OTR	0	0	0	0
ISHARES TR RUSSL 2000 INDEX	ETF	464287655	5,745	49,798	SH		SOLE	0	0	0	0
JOHNSON & JOHNSON	Common Stocks	478160104	1,939	21,165	SH		SOLE	0	0	0	0
JPMORGAN CHASE & CO	Common Stocks	46625H100	2,132	36,457	SH		SOLE	0	0	0	0
KAR AUCTION SERVICES INC	Common Stocks	48238T109	3,327	112,594	SH		SOLE	0	0	0	0
LITHIA MOTORS INC CL A	Common Stocks	536797103	583	8,401	SH		SOLE	0	0	0	0
MARVELL TECHNOLOGY GROUP LTD	Common Stocks	G5876H105	1,501	104,403	SH		SOLE	0	0	0	0
MATSON INC	Common Stocks	57686G105	725	27,769	SH		SOLE	0	0	0	0
MERCK & CO INC	Common Stocks	58933Y105	2,616	52,268	SH		SOLE	0	0	0	0
MICROSOFT CORP	Common Stocks	594918104	2,128	56,882	SH		SOLE	0	0	0	0
NATIONAL OILWELL VARCO INC	Common Stocks	637071101	2,127	26,741	SH		SOLE	0	0	0	0
NEXTERA ENERGY INC	Common Stocks	65339F101	642	7,502	SH		SOLE	0	0	0	0
NIELSEN HOLDING N.V.	Common Stocks	N63218106	2,457	53,547	SH		SOLE	0	0	0	0
NORFOLK SOUTHN CORP	Common Stocks	655844108	785	8,452	SH		SOLE	0	0	0	0
OCCIDENTAL PETE CORP	Common Stocks	674599105	2,365	24,867	SH		SOLE	0	0	0	0
OCWEN FINANCIAL CORP	Common Stocks	675746309	595	10,723	SH		SOLE	0	0	0	0
ORACLE CORP	Common Stocks	68389X105	2,840	74,217	SH		SOLE	0	0	0	0
PERFORMANT FINANCIAL CORP	Common Stocks	71377E105	319	30,956	SH		SOLE	0	0	0	0
PNC FINL SVCS GROUP INC	Common Stocks	693475105	1,744	22,483	SH		SOLE	0	0	0	0
PROASSURANCE CORP	Common Stocks	74267C106	443	9,133	SH		SOLE	0	0	0	0
PROCERA NETWORKS INC	Common Stocks	74269U203	516	34,331	SH		SOLE	0	0	0	0
PRUDENTIAL FINANCIAL INC	Common Stocks	744320102	2,115	22,930	SH		SOLE	0	0	0	0
REACH LOCAL INC	Common Stocks	75525F104	609	47,917	SH		SOLE	0	0	0	0
RESOLUTE ENERGY COMPANY	Common Stocks	76116A108	518	57,374	SH		SOLE	0	0	0	0
SABRA HEALTHCARE REIT	Common Stocks	78573L106	672	25,693	SH		SOLE	0	0	0	0
SCHLUMBERGER LTD	Common Stocks	806857108	548	6,082	SH		SOLE	0	0	0	0
SEMGROUP CORP CL A	Common Stocks	81663A105	411	6,298	SH		SOLE	0	0	0	0
SILICON IMAGE INC	Common Stocks	82705T102	765	124,346	SH		SOLE	0	0	0	0
SP PLUS CORPORATION	Common Stocks	78469C103	502	19,289	SH		SOLE	0	0	0	0
SPDR BARCLAYS HIGH YLD BOND ETF	ETF	78464A417	36	894	SH		OTR	0	0	0	0
SPDR BARCLAYS HIGH YLD BOND ETF	ETF	78464A417	14,935	368,219	SH		SOLE	0	0	0	0
SPDR BARCLAYS INTL TREASURY BOND ETF	ETF	78464A516	3,423	59,280	SH		SOLE	0	0	0	0
SPDR ENERGY SELECT	ETF	81369Y506	320	3,618	SH		SOLE	0	0	0	0
SPDR S&P 500 ETF TRUST	ETF	78462F103	2,519	13,639	SH		SOLE	0	0	0	0
SPECTRUM BRANDS HOLDING	Common Stocks	84763R101	309	4,386	SH		SOLE	0	0	0	0
ST JUDE MEDICAL CENTER INC	Common Stocks	790849103	1,880	30,352	SH		SOLE	0	0	0	0
STANDARD MOTOR PRODUCTS	Common Stocks	853666105	439	11,922	SH		SOLE	0	0	0	0
SUMMIT HOTEL PROPERTIES	Common Stocks	866082100	394	43,771	SH		SOLE	0	0	0	0
SYMMETRY MEDICAL INC	Common Stocks	871546206	790	78,419	SH		SOLE	0	0	0	0
TARGET CORP	Common Stocks	87612E106	2,388	37,744	SH		SOLE	0	0	0	0
THOR INDUSTRIES INC	Common Stocks	885160101	2,449	44,347	SH		SOLE	0	0	0	0
TJX COS INC NEW	Common Stocks	872540109	750	11,765	SH		SOLE	0	0	0	0
UNION PACIFIC CORP	Common Stocks	907818108	1,200	7,145	SH		SOLE	0	0	0	0
VALMONT INDS INC COM	Common Stocks	920253101	691	4,637	SH		SOLE	0	0	0	0
VANGUARD FTSE DEVELOPED ETF	ETF	921943858	23	552	SH		OTR	0	0	0	0
VANGUARD FTSE DEVELOPED ETF	ETF	921943858	32,415	777,719	SH		SOLE	0	0	0	0
VANGUARD INTL EQ INDEX MSCI EMR MKT ETF	ETF	922042858	4	106	SH		OTR	0	0	0	0
VANGUARD INTL EQ INDEX MSCI EMR MKT ETF	ETF	922042858	419	10,196	SH		SOLE	0	0	0	0
VANGUARD REIT ETF	ETF	922908553	4	64	SH		OTR	0	0	0	0
VANGUARD REIT ETF	ETF	922908553	4,040	62,573	SH		SOLE	0	0	0	0
VANGUARD SMALL CAP ETF	ETF	922908751	2,200	20,012	SH		SOLE	0	0	0	0
VANGUARD TOTAL BOND MARKET ETF	ETF	921937835	172	2,145	SH		OTR	0	0	0	0
VANGUARD TOTAL BOND MARKET ETF	ETF	921937835	10,848	135,517	SH		SOLE	0	0	0	0
VERIZON COMMUNICATIONS	Common Stocks	92343V104	1,547	31,472	SH		SOLE	0	0	0	0
VISA INC- CLASS A SHARES	Common Stocks	92826C839	907	4,073	SH		SOLE	0	0	0	0
WELLS FARGO	Common Stocks	949746101	1,806	39,769	SH		SOLE	0	0	0	0
WESTERN REFINING INC	Common Stocks	959319104	327	7,716	SH		SOLE	0	0	0	0
XYRATEX LTD	Common Stocks	G98268108	664	49,958	SH		SOLE	0	0	0	0
ZIX CORPORATION	Common Stocks	98974P100	320	70,253	SH		SOLE	0	0	0	0