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
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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	396	8,711	SH		SOLE	0	7,574	0	1,137
ACE LTD	Common Stocks	H0023R105	669	6,448	SH		SOLE	0	5,656	0	792
ACETO CORPORATION	Common Stocks	004446100	302	16,647	SH		SOLE	0	14,459	0	2,188
ALEXANDER & BALDWIN INC	Common Stocks	014491104	653	15,747	SH		SOLE	0	13,690	0	2,057
ALLETE INC	Common Stocks	018522300	401	7,817	SH		SOLE	0	6,795	0	1,022
AMERICAN ELECTRIC POWER INC	Common Stocks	025537101	1,317	23,606	SH		SOLE	0	19,240	0	4,366
AMERICAN INTL GROUP INC	Common Stocks	026874784	2,651	48,578	SH		SOLE	0	39,971	0	8,607
AMN HEALTHCARE SERVICES	Common Stocks	001744101	392	31,852	SH		SOLE	0	27,699	0	4,153
ANADARKO PETROLEUM CORP	Common Stocks	032511107	1,797	16,419	SH		SOLE	0	13,678	0	2,741
APACHE CORP	Common Stocks	037411105	1,637	16,269	SH		SOLE	0	13,223	0	3,046
APPLE COMPUTER INC	Common Stocks	037833100	947	10,190	SH		SOLE	0	7,455	0	2,735
ARTHUR J GALLAGHER & CO	Common Stocks	363576109	1,699	36,465	SH		SOLE	0	30,456	0	6,009
ASHFORD HOSPITALITY PRIME	Common Stocks	044102101	695	40,485	SH		SOLE	0	35,592	0	4,893
ASPEN TECHNOLOGY INC	Common Stocks	045327103	618	13,310	SH		SOLE	0	11,559	0	1,751
AT&T INC	Common Stocks	00206R102	631	17,833	SH		SOLE	0	15,965	0	1,868
BANK OF AMERICA	Common Stocks	060505104	1,100	71,548	SH		SOLE	0	58,182	0	13,366
BARRETT BUSINESS SERVICES	Common Stocks	068463108	283	6,011	SH		SOLE	0	5,224	0	787
BAXTER INTL INC	Common Stocks	071813109	2,064	28,545	SH		SOLE	0	23,785	0	4,760
BED BATH & BEYOND INC	Common Stocks	075896100	612	10,660	SH		SOLE	0	7,560	0	3,100
CARRIAGE SERVICES INC	Common Stocks	143905107	595	34,747	SH		SOLE	0	30,199	0	4,548
CEVA INC	Common Stocks	157210105	389	26,325	SH		SOLE	0	22,879	0	3,446
CHAMBERS STREET PROPERTIES	Common Stocks	157842105	1,144	142,335	SH		SOLE	0	125,611	0	16,724
CHEVRONTEXACO CORPORATION	Common Stocks	166764100	1,335	10,224	SH		SOLE	0	9,106	0	1,118
CINEMARK HOLDINGS INC	Common Stocks	17243V102	477	13,477	SH		SOLE	0	11,717	0	1,760
CISCO SYSTEMS INC	Common Stocks	17275R102	574	23,095	SH		SOLE	0	16,693	0	6,402
CNO FINANCIAL GROUP INC	Common Stocks	12621E103	568	31,933	SH		SOLE	0	27,754	0	4,179
COCA-COLA CO	Common Stocks	191216100	2,200	51,941	SH		SOLE	0	42,042	0	9,899
COLGATE-PALMOLIVE CO	Common Stocks	194162103	631	9,248	SH		SOLE	0	6,512	0	2,736
COLUMBIA BANKING SYSTEM	Common Stocks	197236102	536	20,378	SH		SOLE	0	17,728	0	2,650
COMCAST CORP	Common Stocks	20030N101	682	12,713	SH		SOLE	0	8,958	0	3,755
COMFORT SYSTEMS USA	Common Stocks	199908104	280	17,702	SH		SOLE	0	15,384	0	2,318
CONOCOPHILLIPS	Common Stocks	20825C104	494	5,765	SH		SOLE	0	5,237	0	528
CORE-MARK HOLDING CO INC	Common Stocks	218681104	417	9,148	SH		SOLE	0	7,940	0	1,208
CORESITE REALTY CORP	Common Stocks	21870Q105	262	7,934	SH		SOLE	0	6,877	0	1,057
CORRECTIONS CORP OF AMERICA	Common Stocks	22025Y407	1,754	53,394	SH		SOLE	0	43,731	0	9,663
COTT CORPORATION	Common Stocks	22163N106	319	45,057	SH		SOLE	0	39,151	0	5,906
CTC MEDIA INC	Common Stocks	12642X106	1,494	135,657	SH		SOLE	0	112,956	0	22,701
DOMTAR CORP	Common Stocks	257559203	1,517	35,394	SH		SOLE	0	29,190	0	6,204
ECHO GLOBAL LOGISTICS INC	Common Stocks	27875T101	428	22,326	SH		SOLE	0	19,412	0	2,914
EL PASO ELECTRIC CO	Common Stocks	283677854	288	7,162	SH		SOLE	0	6,227	0	935
EMC CORP MASS	Common Stocks	268648102	1,626	61,731	SH		SOLE	0	48,585	0	13,146
EMERGENT BIOSOLUTIONS INC	Common Stocks	29089Q105	282	12,561	SH		SOLE	0	10,899	0	1,662
EXPRESS SCRIPTS INC	Common Stocks	30219G108	732	10,557	SH		SOLE	0	7,532	0	3,025
EXXON MOBIL CORP	Common Stocks	30231G102	1,210	12,020	SH		SOLE	0	10,705	0	1,315
FLEETMATICS GROUP PLC	Common Stocks	G35569105	273	8,434	SH		SOLE	0	7,402	0	1,032
FLOWER FOODS INC	Common Stocks	343498101	2,980	141,367	SH		SOLE	0	116,112	0	25,255
FORUM ENERGY TECHNOLOGIES INC	Common Stocks	34984V100	405	11,116	SH		SOLE	0	9,666	0	1,450
FRANKLIN RESOURCES INC	Common Stocks	354613101	1,731	29,922	SH		SOLE	0	24,429	0	5,493
GENERAL ELECTRIC CO	Common Stocks	369604103	2,191	83,353	SH		SOLE	0	68,060	0	15,293
GENESEE & WYOMING INC-CL A	Common Stocks	371559105	386	3,680	SH		SOLE	0	3,211	0	469
GEO GROUP INC	Common Stocks	36159R103	533	14,922	SH		SOLE	0	12,974	0	1,948
GNC HOLDINGS	Common Stocks	36191G107	1,728	50,676	SH		SOLE	0	41,797	0	8,879
GOLDCORP INC	Common Stocks	380956409	1,329	47,633	SH		SOLE	0	38,406	0	9,227
GRAPHIC PACKAGING HOLDING	Common Stocks	388689101	418	35,754	SH		SOLE	0	31,062	0	4,692
GUIDEWIRE SOFTWARE INC	Common Stocks	40171V100	306	7,536	SH		SOLE	0	6,533	0	1,003
HSN INC	Common Stocks	404303109	369	6,234	SH		SOLE	0	5,402	0	832
HUNTINGTON BANCSHARES INC	Common Stocks	446150104	710	74,467	SH		SOLE	0	66,211	0	8,256
IPATH DOW JONES-AIG COMMDTY INDX ETN	ETF	06738C778	5	117	SH		OTR	0	0	0	117
IPATH DOW JONES-AIG COMMDTY INDX ETN	ETF	06738C778	10,234	259,484	SH		SOLE	0	253,778	0	5,706
ISHARES BARCLAY TIPS BONDS	ETF	464287176	38	328	SH		OTR	0	0	0	328
ISHARES BARCLAY TIPS BONDS	ETF	464287176	1,746	15,135	SH		SOLE	0	8,750	0	6,385
ISHARES MSCI JAPAN ETF	ETF	464286848	227	18,815	SH		SOLE	0	18,815	0	0
ISHARES S&P 500 INDEX FUND	ETF	464287200	30	151	SH		OTR	0	0	0	151
ISHARES S&P 500 INDEX FUND	ETF	464287200	8,416	42,719	SH		SOLE	0	32,182	0	10,537
ISHARES S&P MIDCAP 400 INDEX FUND	ETF	464287507	531	3,712	SH		SOLE	0	3,323	0	389
ISHARES TR MSCI EAFE INDEX	ETF	464287465	6,047	88,438	SH		SOLE	0	88,438	0	0
ISHARES TR RUSSL 2000 INDEX	ETF	464287655	10	82	SH		OTR	0	0	0	82
ISHARES TR RUSSL 2000 INDEX	ETF	464287655	5,109	43,001	SH		SOLE	0	38,067	0	4,934
JOHNSON & JOHNSON	Common Stocks	478160104	2,085	19,928	SH		SOLE	0	16,807	0	3,121
JPMORGAN CHASE & CO	Common Stocks	46625H100	1,902	33,005	SH		SOLE	0	26,974	0	6,031
KAR AUCTION SERVICES INC	Common Stocks	48238T109	3,089	96,938	SH		SOLE	0	79,876	0	17,062
MARVELL TECHNOLOGY GROUP LTD	Common Stocks	G5876H105	1,196	83,487	SH		SOLE	0	68,892	0	14,595
MATSON INC	Common Stocks	57686G105	357	13,289	SH		SOLE	0	11,545	0	1,744
MCDONALDS CORP	Common Stocks	580135101	1,769	17,563	SH		SOLE	0	14,157	0	3,406
MERCK & CO INC	Common Stocks	58933Y105	1,892	32,698	SH		SOLE	0	26,948	0	5,750
MICROSOFT CORP	Common Stocks	594918104	2,523	60,511	SH		SOLE	0	49,315	0	11,196
MITSUBISHI UFJ FINANCIAL GRP	Common Stocks	606822104	70	11,342	SH		SOLE	0	11,342	0	0
MOMENTA PHARMACEUTICALS	Common Stocks	60877T100	149	12,343	SH		SOLE	0	10,712	0	1,631
NATIONAL OILWELL VARCO INC	Common Stocks	637071101	1,763	21,403	SH		SOLE	0	17,368	0	4,035
NEXTERA ENERGY INC	Common Stocks	65339F101	767	7,483	SH		SOLE	0	6,644	0	839
NIELSEN N.V.	Common Stocks	N63218106	2,346	48,459	SH		SOLE	0	40,083	0	8,376
NORFOLK SOUTHN CORP	Common Stocks	655844108	1,114	10,814	SH		SOLE	0	9,598	0	1,216
OCCIDENTAL PETE CORP	Common Stocks	674599105	2,271	22,132	SH		SOLE	0	18,233	0	3,899
OCEANEERING INTL INC	Common Stocks	675232102	596	7,627	SH		SOLE	0	5,387	0	2,240
ORACLE CORP	Common Stocks	68389X105	2,466	60,852	SH		SOLE	0	49,437	0	11,415
PFIZER INC	Common Stocks	717081103	1,327	44,726	SH		SOLE	0	36,995	0	7,731
PG&E CORPORATION	Common Stocks	69331C108	1,635	34,044	SH		SOLE	0	28,354	0	5,690
PNC FINL SVCS GROUP INC	Common Stocks	693475105	1,848	20,752	SH		SOLE	0	17,381	0	3,371
PROASSURANCE CORP	Common Stocks	74267C106	376	8,477	SH		SOLE	0	7,380	0	1,097
PROCTER & GAMBLE CO	Common Stocks	742718109	1,408	17,919	SH		SOLE	0	14,911	0	3,008
PRUDENTIAL FINANCIAL INC	Common Stocks	744320102	1,883	21,217	SH		SOLE	0	17,839	0	3,378
RESOLUTE ENERGY COMPANY	Common Stocks	76116A108	459	53,179	SH		SOLE	0	46,275	0	6,904
SABRA HEALTHCARE REIT	Common Stocks	78573L106	411	14,308	SH		SOLE	0	12,434	0	1,874
SCHLUMBERGER LTD	Common Stocks	806857108	568	4,817	SH		SOLE	0	3,412	0	1,405
SEACHANGE INTERNATIONAL	Common Stocks	811699107	235	29,396	SH		SOLE	0	25,562	0	3,834
SEMGROUP CORP CL A	Common Stocks	81663A105	459	5,819	SH		SOLE	0	5,052	0	767
SILICON IMAGE INC	Common Stocks	82705T102	321	63,631	SH		SOLE	0	55,254	0	8,377
SOTHEBY`S	Common Stocks	835898107	1,546	36,817	SH		SOLE	0	30,418	0	6,399
SP PLUS CORPORATION	Common Stocks	78469C103	382	17,874	SH		SOLE	0	15,551	0	2,323
SPDR BARCLAYS HIGH YLD BOND ETF	ETF	78464A417	42	1,010	SH		OTR	0	0	0	1,010
SPDR BARCLAYS HIGH YLD BOND ETF	ETF	78464A417	15,746	377,330	SH		SOLE	0	352,887	0	24,443
SPDR BARCLAYS INTL TREASURY BOND ETF	ETF	78464A516	3,834	63,046	SH		SOLE	0	63,046	0	0
SPDR ENERGY SELECT	ETF	81369Y506	471	4,707	SH		SOLE	0	4,707	0	0
SPDR S&P 500 ETF TRUST	ETF	78462F103	2,669	13,639	SH		SOLE	0	13,639	0	0
SS&C TECHNOLOGIES HLDGS INC	Common Stocks	78467J100	996	22,532	SH		SOLE	0	17,714	0	4,818
ST JUDE MEDICAL CENTER INC	Common Stocks	790849103	1,441	20,809	SH		SOLE	0	16,597	0	4,212
SUMMIT HOTEL PROPERTIES	Common Stocks	866082100	336	31,678	SH		SOLE	0	27,527	0	4,151
SYMMETRY MEDICAL INC	Common Stocks	871546206	491	55,367	SH		SOLE	0	48,108	0	7,259
THORATEC CORPORATION	Common Stocks	885175307	338	9,706	SH		SOLE	0	8,435	0	1,271
UNION PACIFIC CORP	Common Stocks	907818108	786	7,882	SH		SOLE	0	5,572	0	2,310
VALMONT INDS INC	Common Stocks	920253101	262	1,726	SH		SOLE	0	1,495	0	231
VANGUARD FTSE DEVELOPED ETF	ETF	921943858	24	552	SH		OTR	0	0	0	552
VANGUARD FTSE DEVELOPED ETF	ETF	921943858	26,928	632,263	SH		SOLE	0	595,885	0	36,378
VANGUARD INTL EQ INDEX MSCI EMR MKT ETF	ETF	922042858	5	106	SH		OTR	0	0	0	106
VANGUARD INTL EQ INDEX MSCI EMR MKT ETF	ETF	922042858	375	8,697	SH		SOLE	0	6,500	0	2,197
VANGUARD REIT ETF	ETF	922908553	5	64	SH		OTR	0	0	0	64
VANGUARD REIT ETF	ETF	922908553	4,516	60,337	SH		SOLE	0	54,814	0	5,523
VANGUARD SMALL CAP ETF	ETF	922908751	1,229	10,491	SH		SOLE	0	10,491	0	0
VANGUARD TOTAL BOND MARKET ETF	ETF	921937835	169	2,053	SH		OTR	0	0	0	2,053
VANGUARD TOTAL BOND MARKET ETF	ETF	921937835	10,116	123,038	SH		SOLE	0	71,949	0	51,089
VERIZON COMMUNICATIONS	Common Stocks	92343V104	1,329	27,159	SH		SOLE	0	21,414	0	5,745
WELLS FARGO	Common Stocks	949746101	1,972	37,512	SH		SOLE	0	31,740	0	5,772