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
Estimated average burden
hours per response:		23.8

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	422	8,711	SH		SOLE	0	7,574	0	1,137
ACE LTD	Common Stocks	H0023R105	675	6,434	SH		SOLE	0	5,651	0	783
ACETO CORPORATION	Common Stocks	004446100	321	16,627	SH		SOLE	0	14,459	0	2,168
ALEXANDER & BALDWIN INC	Common Stocks	014491104	566	15,724	SH		SOLE	0	13,682	0	2,042
ALLETE INC	Common Stocks	018522300	347	7,817	SH		SOLE	0	6,795	0	1,022
AMERICAN ELECTRIC POWER INC	Common Stocks	025537101	1,227	23,496	SH		SOLE	0	19,229	0	4,267
AMERICAN INTL GROUP INC	Common Stocks	026874784	2,610	48,313	SH		SOLE	0	39,926	0	8,387
AMN HEALTHCARE SERVICES	Common Stocks	001744101	291	18,542	SH		SOLE	0	16,157	0	2,385
ANADARKO PETROLEUM CORP	Common Stocks	032511107	1,202	11,854	SH		SOLE	0	9,685	0	2,169
APACHE CORP	Common Stocks	037411105	1,147	12,224	SH		SOLE	0	10,024	0	2,200
APPLE COMPUTER INC	Common Stocks	037833100	1,012	10,049	SH		SOLE	0	7,435	0	2,614
ARTHUR J GALLAGHER & CO	Common Stocks	363576109	1,643	36,225	SH		SOLE	0	30,359	0	5,866
ASHFORD HOSPITALITY PRIME	Common Stocks	044102101	343	22,529	SH		SOLE	0	20,048	0	2,481
ASPEN TECHNOLOGY INC	Common Stocks	045327103	235	6,239	SH		SOLE	0	5,422	0	817
AT&T INC	Common Stocks	00206R102	624	17,694	SH		SOLE	0	15,897	0	1,797
BANK OF AMERICA	Common Stocks	060505104	1,480	86,829	SH		SOLE	0	72,185	0	14,644
BAXTER INTL INC	Common Stocks	071813109	2,032	28,319	SH		SOLE	0	23,670	0	4,649
BED BATH & BEYOND INC	Common Stocks	075896100	689	10,461	SH		SOLE	0	7,459	0	3,002
BIOGEN IDEC INC	Common Stocks	09062X103	518	1,565	SH		SOLE	0	1,076	0	489
BOEING COMPANY	Common Stocks	097023105	1,269	9,964	SH		SOLE	0	7,888	0	2,076
CABELA`S INC	Common Stocks	126804301	777	13,200	SH		SOLE	0	10,141	0	3,059
CARRIAGE SERVICES INC	Common Stocks	143905107	602	34,732	SH		SOLE	0	30,199	0	4,533
CEVA INC	Common Stocks	157210105	353	26,282	SH		SOLE	0	22,860	0	3,422
CHAMBERS STREET PROPERTIES	Common Stocks	157842105	1,067	141,713	SH		SOLE	0	125,210	0	16,503
CHART INDUSTRIES INC	Common Stocks	16115Q308	263	4,299	SH		SOLE	0	3,736	0	563
CHEVRONTEXACO CORPORATION	Common Stocks	166764100	666	5,580	SH		SOLE	0	5,048	0	532
CHICAGO BRIDGE & IRON	Common Stocks	167250109	1,160	20,050	SH		SOLE	0	15,817	0	4,233
CINEMARK HOLDINGS INC	Common Stocks	17243V102	458	13,457	SH		SOLE	0	11,707	0	1,750
CISCO SYSTEMS INC	Common Stocks	17275R102	575	22,845	SH		SOLE	0	16,648	0	6,197
CNO FINANCIAL GROUP INC	Common Stocks	12621E103	541	31,886	SH		SOLE	0	27,733	0	4,153
COCA-COLA CO	Common Stocks	191216100	2,197	51,501	SH		SOLE	0	41,914	0	9,587
COHERENT INC	Common Stocks	192479103	287	4,679	SH		SOLE	0	4,067	0	612
COLGATE-PALMOLIVE CO	Common Stocks	194162103	598	9,165	SH		SOLE	0	6,508	0	2,657
COLUMBIA BANKING SYSTEM	Common Stocks	197236102	505	20,368	SH		SOLE	0	17,728	0	2,640
COMCAST CORP	Common Stocks	20030N101	677	12,583	SH		SOLE	0	8,932	0	3,651
COMFORT SYSTEMS USA	Common Stocks	199908104	240	17,702	SH		SOLE	0	15,384	0	2,318
CORE-MARK HOLDING CO INC	Common Stocks	218681104	485	9,138	SH		SOLE	0	7,940	0	1,198
CORESITE REALTY CORP	Common Stocks	21870Q105	260	7,924	SH		SOLE	0	6,877	0	1,047
CORRECTIONS CORP OF AMERICA	Common Stocks	22025Y407	1,823	53,049	SH		SOLE	0	43,673	0	9,376
COSTAR GROUP INC	Common Stocks	22160N109	525	3,374	SH		SOLE	0	2,928	0	446
COTT CORPORATION	Common Stocks	22163N106	309	44,959	SH		SOLE	0	39,107	0	5,852
DEALERTRACK TECHNOLOGIES INC	Common Stocks	242309102	265	6,114	SH		SOLE	0	5,294	0	820
DOMTAR CORP	Common Stocks	257559203	1,349	38,406	SH		SOLE	0	31,321	0	7,085
EL PASO ELECTRIC CO	Common Stocks	283677854	262	7,162	SH		SOLE	0	6,227	0	935
EMC CORP MASS	Common Stocks	268648102	1,783	60,947	SH		SOLE	0	48,199	0	12,748
EMERGENT BIOSOLUTIONS INC	Common Stocks	29089Q105	268	12,561	SH		SOLE	0	10,899	0	1,662
EXPRESS SCRIPTS INC	Common Stocks	30219G108	737	10,441	SH		SOLE	0	7,507	0	2,934
EXXON MOBIL CORP	Common Stocks	30231G102	1,124	11,948	SH		SOLE	0	10,670	0	1,278
FLEETMATICS GROUP PLC	Common Stocks	G35569105	432	14,161	SH		SOLE	0	12,438	0	1,723
FLOWER FOODS INC	Common Stocks	343498101	1,927	104,945	SH		SOLE	0	88,000	0	16,945
FORUM ENERGY TECHNOLOGIES INC	Common Stocks	34984V100	340	11,116	SH		SOLE	0	9,666	0	1,450
FRANKLIN RESOURCES INC	Common Stocks	354613101	1,621	29,681	SH		SOLE	0	24,369	0	5,312
GENERAL ELECTRIC CO	Common Stocks	369604103	1,323	51,651	SH		SOLE	0	46,300	0	5,351
GENESEE & WYOMING INC-CL A	Common Stocks	371559105	351	3,680	SH		SOLE	0	3,211	0	469
GEO GROUP INC (REIT)	Common Stocks	36162J106	570	14,902	SH		SOLE	0	12,964	0	1,938
GNC HOLDINGS	Common Stocks	36191G107	1,944	50,176	SH		SOLE	0	41,544	0	8,632
GOLDCORP INC	Common Stocks	380956409	1,088	47,234	SH		SOLE	0	38,310	0	8,924
GRAPHIC PACKAGING HOLDING	Common Stocks	388689101	444	35,725	SH		SOLE	0	31,033	0	4,692
GUIDEWIRE SOFTWARE INC	Common Stocks	40171V100	502	11,331	SH		SOLE	0	9,847	0	1,484
HEALTH STREAM INC	Common Stocks	42222N103	261	10,883	SH		SOLE	0	9,426	0	1,457
HSN INC	Common Stocks	404303109	382	6,229	SH		SOLE	0	5,402	0	827
HUNTINGTON BANCSHARES INC	Common Stocks	446150104	1,074	110,341	SH		SOLE	0	98,575	0	11,766
IPATH BLOOMBERG COMMDTY INDX ETN	ETF	06738C778	4	117	SH		OTR	0	0	0	0
IPATH BLOOMBERG COMMDTY INDX ETN	ETF	06738C778	8,884	258,494	SH		SOLE	0	253,949	0	4,545
ISHARES BARCLAYS TIPS BONDS	ETF	464287176	38	343	SH		OTR	0	0	0	0
ISHARES BARCLAYS TIPS BONDS	ETF	464287176	1,646	14,689	SH		SOLE	0	8,766	0	5,923
ISHARES MSCI JAPAN ETF	ETF	464286848	138	11,697	SH		SOLE	0	11,697	0	0
ISHARES S&P 500 INDEX FUND	ETF	464287200	30	151	SH		OTR	0	0	0	0
ISHARES S&P 500 INDEX FUND	ETF	464287200	8,097	40,842	SH		SOLE	0	31,886	0	8,956
ISHARES S&P MIDCAP 400 INDEX FUND	ETF	464287507	511	3,740	SH		SOLE	0	3,323	0	417
ISHARES TR MSCI EAFE INDEX	ETF	464287465	6,238	97,290	SH		SOLE	0	97,290	0	0
ISHARES TR RUSSL 2000 INDEX	ETF	464287655	9	82	SH		OTR	0	0	0	0
ISHARES TR RUSSL 2000 INDEX	ETF	464287655	4,652	42,541	SH		SOLE	0	38,073	0	4,468
JOHNSON & JOHNSON	Common Stocks	478160104	2,106	19,761	SH		SOLE	0	16,730	0	3,031
JPMORGAN CHASE & CO	Common Stocks	46625H100	1,972	32,733	SH		SOLE	0	26,875	0	5,858
KAR AUCTION SERVICES INC	Common Stocks	48238T109	2,619	91,473	SH		SOLE	0	76,197	0	15,276
MASTEC INC	Common Stocks	576323109	266	8,693	SH		SOLE	0	7,527	0	1,166
MATSON INC	Common Stocks	57686G105	332	13,265	SH		SOLE	0	11,535	0	1,730
MCDONALDS CORP	Common Stocks	580135101	2,006	21,161	SH		SOLE	0	17,533	0	3,628
MEDTRONIC INC	Common Stocks	585055106	648	10,456	SH		SOLE	0	9,280	0	1,176
MERCK & CO INC	Common Stocks	58933Y105	1,926	32,488	SH		SOLE	0	26,908	0	5,580
MICROSOFT CORP	Common Stocks	594918104	1,660	35,797	SH		SOLE	0	29,404	0	6,393
MITSUBISHI UFJ FINANCIAL GRP	Common Stocks	606822104	64	11,342	SH		SOLE	0	11,342	0	0
MOMENTA PHARMACEUTICALS	Common Stocks	60877T100	140	12,343	SH		SOLE	0	10,712	0	1,631
NATIONAL OILWELL VARCO INC	Common Stocks	637071101	1,238	16,264	SH		SOLE	0	13,396	0	2,868
NEXTERA ENERGY INC	Common Stocks	65339F101	698	7,439	SH		SOLE	0	6,621	0	818
NIELSEN N.V.	Common Stocks	N63218106	2,135	48,164	SH		SOLE	0	40,030	0	8,134
NORFOLK SOUTHN CORP	Common Stocks	655844108	746	6,683	SH		SOLE	0	5,989	0	694
OCCIDENTAL PETE CORP	Common Stocks	674599105	2,133	22,183	SH		SOLE	0	18,159	0	4,024
OCEANEERING INTL INC	Common Stocks	675232102	488	7,482	SH		SOLE	0	5,305	0	2,177
ORACLE CORP	Common Stocks	68389X105	2,465	64,384	SH		SOLE	0	52,101	0	12,283
PBF ENERGY INC	Common Stocks	69318G106	1,449	60,386	SH		SOLE	0	49,386	0	11,000
PFIZER INC	Common Stocks	717081103	1,882	63,650	SH		SOLE	0	52,630	0	11,020
PG&E CORPORATION	Common Stocks	69331C108	1,525	33,859	SH		SOLE	0	28,298	0	5,561
PNC FINL SVCS GROUP INC	Common Stocks	693475105	1,761	20,575	SH		SOLE	0	17,284	0	3,291
PROASSURANCE CORP	Common Stocks	74267C106	373	8,470	SH		SOLE	0	7,373	0	1,097
PROCTER & GAMBLE CO	Common Stocks	742718109	1,928	23,020	SH		SOLE	0	19,121	0	3,899
PRUDENTIAL FINANCIAL INC	Common Stocks	744320102	1,850	21,035	SH		SOLE	0	17,746	0	3,289
RESOLUTE ENERGY COMPANY	Common Stocks	76116A108	333	53,138	SH		SOLE	0	46,234	0	6,904
SABRA HEALTHCARE REIT	Common Stocks	78573L106	347	14,284	SH		SOLE	0	12,423	0	1,861
SEMGROUP CORP CL A	Common Stocks	81663A105	485	5,819	SH		SOLE	0	5,052	0	767
SOTHEBY`S	Common Stocks	835898107	1,702	47,653	SH		SOLE	0	39,312	0	8,341
SPDR BARCLAYS HIGH YLD BOND ETF	ETF	78464A417	42	1,055	SH		OTR	0	0	0	0
SPDR BARCLAYS HIGH YLD BOND ETF	ETF	78464A417	15,100	375,812	SH		SOLE	0	353,821	0	21,991
SPDR BARCLAYS INTL TREASURY BOND ETF	ETF	78464A516	3,617	63,046	SH		SOLE	0	63,046	0	0
SPDR S&P 500 ETF TRUST	ETF	78462F103	2,978	15,115	SH		SOLE	0	0	0	0
SS&C TECHNOLOGIES HLDGS INC	Common Stocks	78467J100	979	22,316	SH		SOLE	0	17,595	0	4,721
STATE BANK FINANCIAL CORP	Common Stocks	856190103	268	16,518	SH		SOLE	0	14,306	0	2,212
SUMMIT HOTEL PROPERTIES	Common Stocks	866082100	341	31,625	SH		SOLE	0	27,502	0	4,123
SYMMETRY MEDICAL INC	Common Stocks	871546206	558	55,286	SH		SOLE	0	48,071	0	7,215
UNION PACIFIC CORP	Common Stocks	907818108	844	7,781	SH		SOLE	0	5,557	0	2,224
VALMONT INDS INC	Common Stocks	920253101	233	1,726	SH		SOLE	0	1,495	0	231
VANGUARD FTSE DEVELOPED ETF	ETF	921943858	22	552	SH		OTR	0	0	0	0
VANGUARD FTSE DEVELOPED ETF	ETF	921943858	24,989	628,656	SH		SOLE	0	597,150	0	31,506
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	354	8,485	SH		SOLE	0	6,301	0	2,184
VANGUARD REIT ETF	ETF	922908553	5	64	SH		OTR	0	0	0	0
VANGUARD REIT ETF	ETF	922908553	4,287	59,665	SH		SOLE	0	54,853	0	4,812
VANGUARD SMALL CAP ETF	ETF	922908751	1,161	10,491	SH		SOLE	0	10,491	0	0
VANGUARD TOTAL BOND MARKET ETF	ETF	921937835	166	2,029	SH		OTR	0	0	0	0
VANGUARD TOTAL BOND MARKET ETF	ETF	921937835	9,746	118,953	SH		SOLE	0	72,086	0	46,867
VERIZON COMMUNICATIONS	Common Stocks	92343V104	1,347	26,949	SH		SOLE	0	21,361	0	5,588
VISA INC- CLASS A SHARES	Common Stocks	92826C839	1,140	5,342	SH		SOLE	0	4,332	0	1,010
WELLS FARGO	Common Stocks	949746101	1,927	37,141	SH		SOLE	0	31,565	0	5,576