Highland Capital Management 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
3M CO	COM	88579Y101	2,096	15,454	SH		SOLE	0	15,454	0	0
ABBOTT LABORATORIES	COM	2824100	4,640	120,483	SH		SOLE	0	120,148	0	335
ABERDEEN ASIA-PACIFIC PRIME INCOME FUND	COM	3009107	193	31,650	SH		SOLE	0	31,650	0	0
AFLAC INC	COM	1055102	2,427	38,497	SH		SOLE	0	38,447	0	50
ALERIAN MLP ETF	ALERIAN MLP	00162Q866	3,523	199,505	SH		SOLE	0	199,505	0	0
AMERICAN EXPRESS	COM	25816109	2,411	26,780	SH		SOLE	0	26,780	0	0
APACHE CORP	COM	37411105	3,994	48,144	SH		SOLE	0	48,014	0	130
APPLE COMPUTER	COM	37833100	11,849	22,076	SH		SOLE	0	22,006	0	70
AT&T INC	COM	00206R102	5,391	153,730	SH		SOLE	0	153,355	0	375
AUTOMATIC DATA PROCESSING INC	COM	53015103	3,475	44,983	SH		SOLE	0	44,883	0	100
AUTOZONE INC	COM	53332102	249	464	SH		SOLE	0	464	0	0
BANK OF AMERICA CORPORATION	COM	60505104	4,798	278,965	SH		SOLE	0	278,665	0	300
BOEING COMPANY	COM	97023105	9,522	75,882	SH		SOLE	0	75,617	0	265
CHARLES SCHWAB CORPORATION	COM	808513105	244	8,925	SH		SOLE	0	8,925	0	0
CHEVRON CORP	COM	166764100	3,822	32,138	SH		SOLE	0	32,023	0	115
CIGNA CORPORATION	COM	125509109	4,197	50,120	SH		SOLE	0	50,005	0	115
CISCO SYSTEMS INC	COM	17275R102	7,511	335,010	SH		SOLE	0	333,840	0	1,170
COCA COLA COMPANY	COM	191216100	3,110	80,433	SH		SOLE	0	80,433	0	0
COHEN & STEERS REALTY MAJORS INDEX	COHE&ST RLTY	464287564	1,248	15,179	SH		SOLE	0	15,179	0	0
COMCAST CORPORATION CL A SPECIAL	CL A SPL	20030N200	6,485	132,966	SH		SOLE	0	132,866	0	100
CORE S&P 500	S&P 500 INDEX	464287200	8,704	46,266	SH		SOLE	0	46,266	0	0
CORE S&P MIDCAP	S&P MIDCAP 400	464287507	823	5,990	SH		SOLE	0	5,990	0	0
CORE S&P SMALLCAP 600 INDEX	S&P SMLCAP 600	464287804	486	4,409	SH		SOLE	0	4,409	0	0
CORE TOTAL US BOND	BARCLY USAGG B	464287226	654	6,065	SH		SOLE	0	6,065	0	0
COSTCO WHOLESALE CORPORATION	COM	22160K105	5,936	53,149	SH		SOLE	0	52,999	0	150
COVIDIEN PLC	SHS	G2554F113	4,863	66,023	SH		SOLE	0	65,688	0	335
CSX CORPORATION	COM	126408103	4,463	154,070	SH		SOLE	0	153,945	0	125
CVS CORPORATION	COM	126650100	3,122	41,709	SH		SOLE	0	41,539	0	170
DEERE & CO	COM	244199105	1,205	13,274	SH		SOLE	0	13,274	0	0
DIRECTV	COM CL A	25490A309	6,991	91,483	SH		SOLE	0	91,103	0	380
DU PONT E I DE NEMOURS & CO	COM	263534109	351	5,235	SH		SOLE	0	5,235	0	0
DUKE ENERGY CORPORATION	COM	26441C204	358	5,020	SH		SOLE	0	5,020	0	0
EBAY INC	COM	278642103	7,113	128,769	SH		SOLE	0	128,429	0	340
EMC CORP-MASS	COM	268648102	9,170	334,566	SH		SOLE	0	333,676	0	890
ENBRIDGE ENERGY PARTNERS LP	COM	29250R106	249	9,080	SH		SOLE	0	9,080	0	0
ENERGY SELECT SECTOR SPDR FUND	SBI INT-ENERGY	81369Y506	249	2,799	SH		SOLE	0	2,799	0	0
ENTERPRISE PRODUCTS PARTNERS	COM	293792107	257	3,703	SH		SOLE	0	3,703	0	0
ESTEE LAUDER COMPANIES CL A	CL A	518439104	4,568	68,299	SH		SOLE	0	68,114	0	185
EXXON MOBIL CORPORATION	COM	30231G102	13,985	143,170	SH		SOLE	0	143,085	0	85
FACEBOOK INC	CL A	30303M102	255	4,230	SH		SOLE	0	4,230	0	0
FEDEX CORPORATION	COM	31428X106	8,411	63,453	SH		SOLE	0	63,223	0	230
FINANCIAL SELECT SECTOR SPDR	SBI INT-FINL	81369Y605	3,064	137,164	SH		SOLE	0	137,164	0	0
FIRST HORIZON NATIONAL CORPORATION	COM	320517105	603	48,900	SH		SOLE	0	48,900	0	0
FLUOR CORPORATION	COM	343412102	5,105	65,673	SH		SOLE	0	65,598	0	75
FORD MOTOR COMPANY	COM PAR $0.01	345370860	8,179	524,272	SH		SOLE	0	522,722	0	1,550
FREEPORT McMORAN COPPER & GOLD INC	COM	35671D857	5,608	169,571	SH		SOLE	0	169,136	0	435
GENERAL ELECTRIC COMPANY	COM	369604103	9,835	379,875	SH		SOLE	0	378,680	0	1,195
GOOGLE INC CL A	CL A SPL	38259P508	9,244	8,294	SH		SOLE	0	8,273	0	21
HALLIBURTON COMPANY	COM	406216101	8,037	136,480	SH		SOLE	0	135,980	0	500
HOLLYFRONTIER CORP	COM	436106108	2,494	52,426	SH		SOLE	0	52,176	0	250
i SHARES RUSSELL 2000 INDEX FUND	RUSSELL 2000 ETF	464287655	215	1,844	SH		SOLE	0	1,844	0	0
INTEL CORPORATION	COM	458140100	407	15,787	SH		SOLE	0	15,787	0	0
INTERNATIONAL BUSINESS MACHINE	COM	459200101	385	2,001	SH		SOLE	0	2,001	0	0
iSHARES BARCLAYS 1-3 YEAR CREDIT BOND	BARCLYS 1-3YR CR	464288646	4,186	39,681	SH		SOLE	0	39,681	0	0
iSHARES BARCLAYS 7-10 YR TREAS BND FND	BARCLYS 7-10 YR	464287440	497	4,882	SH		SOLE	0	4,882	0	0
iSHARES BARCLAYS INT CR BOND FUND	BARCLYS INTER CR	464288638	3,133	28,732	SH		SOLE	0	28,732	0	0
iSHARES BARCLAYS INT GOV/CRED BOND FND	BARCLYS INTER GV	464288612	2,822	25,655	SH		SOLE	0	25,655	0	0
iSHARES BARCLAYS MBS BOND FUND	BARCLYS MBS BD	464288588	1,067	10,050	SH		SOLE	0	10,050	0	0
iSHARES CORE MSCI EAFE ETF	CORE MSCI EAFE	46432F842	15,009	245,774	SH		SOLE	0	245,774	0	0
iSHARES DJ SELECT DIVIDEND INDEX FUND	DJ SEL DIV INX	464287168	6,467	88,202	SH		SOLE	0	88,202	0	0
iSHARES DOW JONES U.S. TELECOM SECTOR	U.S. TELECOM ETF	464287713	223	7,450	SH		SOLE	0	7,450	0	0
iSHARES DOW JONES U.S. UTILITIES SECTOR	DJ US UTILS	464287697	277	2,656	SH		SOLE	0	2,656	0	0
iSHARES IBOXX H/Y CORP BOND	HIGH YLD CORP	464288513	1,143	12,107	SH		SOLE	0	12,107	0	0
iSHARES LEHMAN 1-3 YEAR TREASURY	BARCLYS 1-3 YR	464287457	241	2,857	SH		SOLE	0	2,857	0	0
iSHARES MSCI BRIC INDEX FUND	MSCI BRIC INDX	464286657	237	6,543	SH		SOLE	0	6,543	0	0
iSHARES MSCI EAFE GROWTH INDEX	MSCI GRW IDX	464288885	1,612	22,718	SH		SOLE	0	22,718	0	0
iSHARES MSCI EMERGING MKT MIN VOL	EM MKT MIN VOL	464286533	1,479	25,859	SH		SOLE	0	25,859	0	0
ISHARES MSCI PACIFIC EX JAPAN	MSCI PAC JP ETF	464286665	206	4,286	SH		SOLE	0	4,286	0	0
iSHARES S&P 100 INDEX FUND	S&P 100 ETF	464287101	2,350	28,384	SH		SOLE	0	28,384	0	0
iSHARES S&P GSCI COMMODITY INDEX TR I	UNIT BEN INT	46428R107	343	10,407	SH		SOLE	0	10,407	0	0
iSHARES S&P MIDCAP 400 VALUE INDEX	S&P MIDCP VALU	464287705	1,065	8,844	SH		SOLE	0	8,844	0	0
iSHARES S&P MIDCAP GROWTH INDEX	S&P MC 400 GRW	464287606	1,702	11,127	SH		SOLE	0	11,127	0	0
iSHARES S&P US PREF STOCK INDEX FUND	US PFD STK IDX	464288687	316	8,108	SH		SOLE	0	8,108	0	0
JOHNSON & JOHNSON	COM	478160104	9,040	92,028	SH		SOLE	0	91,723	0	305
JP MORGAN CHASE & CO	COM	46625H100	12,923	212,858	SH		SOLE	0	212,168	0	690
KELLOGG CO	COM	487836108	394	6,275	SH		SOLE	0	6,275	0	0
KINDER MORGAN ENERGY PARTNERS LP	UT LTD PARTNER	494550106	2,465	33,328	SH		SOLE	0	33,328	0	0
LORILLARD INC	COM	544147101	2,338	43,238	SH		SOLE	0	43,238	0	0
LOWE'S COMPANIES INC	COM	548661107	8,120	166,054	SH		SOLE	0	165,609	0	445
MARATHON OIL CORP	COM	565849106	7,026	197,808	SH		SOLE	0	197,163	0	645
MEDTRONIC INC	COM	585055106	1,295	21,042	SH		SOLE	0	21,042	0	0
MERCK & COMPANY	COM	58933Y105	30,710	540,954	SH		SOLE	0	540,694	0	260
MICHAEL KORS HOLDINGS LTD	SHS	G60754101	5,643	60,506	SH		SOLE	0	60,336	0	170
MICROSOFT CORPORATION	COM	594918104	16,717	407,841	SH		SOLE	0	407,066	0	775
MONDELEZ INTERNATIONAL INC	CL A	609207105	5,787	167,486	SH		SOLE	0	167,026	0	460
MORGAN STANLEY	COM NEW	617446448	5,407	173,453	SH		SOLE	0	172,638	0	815
MSCI EAFE INDEX	MSCI EAFE INDEX	464287465	7,351	109,389	SH		SOLE	0	109,389	0	0
MSCI EMERGING MARKETS INDEX	MSCI EMERG MKT	464287234	1,083	26,402	SH		SOLE	0	26,402	0	0
ORACLE CORPORATION	COM	68389X105	6,055	147,996	SH		SOLE	0	147,436	0	560
PEPSICO INC	COM	713448108	8,777	105,116	SH		SOLE	0	104,776	0	340
PFIZER INC	COM	717081103	2,688	83,690	SH		SOLE	0	83,690	0	0
PIMCO ENHANCED SHORT MATURITY	ENHAN SHRT MAT	72201R833	1,275	12,578	SH		SOLE	0	12,578	0	0
POWERSHARES SENIOR LOAN PORTFOLIO	SENIOR LN PORT	73936Q769	6,425	258,959	SH		SOLE	0	258,959	0	0
PROCTER & GAMBLE COMPANY	COM	742718109	7,511	93,190	SH		SOLE	0	92,930	0	260
QUALCOMM INC	COM	747525103	4,520	57,321	SH		SOLE	0	57,146	0	175
REGIONS FINANCIAL CORP	COM	7591EP100	601	54,126	SH		SOLE	0	54,126	0	0
RUSSELL 1000 GROWTH INDEX	RUSSELL1000GRW	464287614	9,157	105,813	SH		SOLE	0	105,813	0	0
RUSSELL 1000 VALUE INDEX	RUSSELL1000VAL	464287598	994	10,302	SH		SOLE	0	10,302	0	0
RUSSELL 2000 GROWTH INDEX	RUSL 2000 GROW	464287648	1,564	11,498	SH		SOLE	0	11,498	0	0
RUSSELL 2000 VALUE INDEX	RUSL 2000 VALU	464287630	773	7,665	SH		SOLE	0	7,665	0	0
RUSSELL MIDCAP GROWTH INDEX	RUSSELL MCP GR	464287481	2,517	29,333	SH		SOLE	0	29,333	0	0
RUSSELL MIDCAP INDEX	RUSSELL MIDCAP	464287499	381	2,464	SH		SOLE	0	2,464	0	0
RUSSELL MIDCAP VALUE INDEX	RUSSELL MCP VL	464287473	1,217	17,705	SH		SOLE	0	17,705	0	0
S&P 500 DEPOSITARY RECEIPTS	TR UNIT	78462F103	3,793	20,281	SH		SOLE	0	20,281	0	0
S&P NATIONAL MUNICIPAL BOND FUND	NAT AMT FREE BD	464288414	263	2,460	SH		SOLE	0	2,460	0	0
SCHLUMBERGER LTD	COM	806857108	9,062	92,940	SH		SOLE	0	92,615	0	325
SCHWAB US BROAD MARKET ETF	US BRD MKT ETF	808524102	851	18,615	SH		SOLE	0	18,615	0	0
SEADRILL LTD	SHS	G7945E105	352	10,000	SH		SOLE	0	10,000	0	0
SPDR BARCLAYS HY BOND ETF	BRCLYS YLD ETF	78464A417	5,080	122,931	SH		SOLE	0	122,931	0	0
SPDR BARCLAYS SHORT TERM COR	BARC SHT TR CP	78464A474	3,703	120,373	SH		SOLE	0	120,373	0	0
SPECTRA ENERGY CORP	COM	847560109	219	5,921	SH		SOLE	0	5,921	0	0
STATE STREET CORPORATION	COM	857477103	278	4,000	SH		SOLE	0	4,000	0	0
TARGET CORPORATION	COM	87612e106	5,317	87,875	SH		SOLE	0	87,775	0	100
TC PIPELINES LP	UT COM LTD PRT	87233Q108	305	6,370	SH		SOLE	0	6,370	0	0
THERMO FISHER SCIENTIFIC INC	COM	883556102	6,539	54,380	SH		SOLE	0	54,080	0	300
TWENTY-FIRST CENTURY FOX INC	CL A	90130A101	3,512	109,855	SH		SOLE	0	109,595	0	260
UNITED TECHNOLOGIES CORP	COM	913017109	8,121	69,504	SH		SOLE	0	69,254	0	250
UNIVERSAL INSURANCE HOLDINGS INC	COM	91359V107	1,334	105,000	SH		SOLE	0	105,000	0	0
US BANCORP	COM NEW	902973304	4,622	107,842	SH		SOLE	0	107,427	0	415
VANGUARD EMERGING MARKETS ETF	FTSE EMR MKT ETF	922042858	380	9,375	SH		SOLE	0	150	0	9,225
VANGUARD FTSE ALL WORLD US SMALL CAP	FTSE SMCAP ETF	922042718	275	2,575	SH		SOLE	0	0	0	2,575
VANGUARD GROWTH ETF	GROWTH ETF	922908736	2,099	22,450	SH		SOLE	0	22,450	0	0
VANGUARD HEALTH CARE	HEALTH CAR ETF	92204A504	533	4,988	SH		SOLE	0	4,988	0	0
VANGUARD MID CAP GROWTH INDEX	MCAP GR IDXVIP	922908538	3,336	36,019	SH		SOLE	0	30,044	0	5,975
VANGUARD MID CAP VALUE INDEX FUND	MCAP VL IDXVIP	922908512	1,446	17,457	SH		SOLE	0	13,007	0	4,450
VANGUARD REIT ETF	REIT ETF	922908553	311	4,405	SH		SOLE	0	505	0	3,900
VANGUARD SMALL CAP GROWTH ETF	SML CP GRW ETF	922908595	3,307	26,622	SH		SOLE	0	24,362	0	2,260
VANGUARD SMALL CAP VALUE	SM CP VAL ETF	922908611	2,383	23,680	SH		SOLE	0	21,825	0	1,855
VANGUARD US TOTAL STOCK MARKET ETF	TOTAL STK MKT	922908769	803	8,238	SH		SOLE	0	188	0	8,050
VERIZON COMMUNICATIONS	COM	92343V104	935	19,653	SH		SOLE	0	19,653	0	0
VODAFONE GROUP PLC SP ADR	SPNSR ADR NO PAR	92857W308	633	17,200	SH		SOLE	0	17,200	0	0
WAL MART STORES INC	COM	931142103	483	6,317	SH		SOLE	0	6,317	0	0
WALT DISNEY COMPANY	COM DISNEY	254687106	866	10,818	SH		SOLE	0	10,818	0	0
WELLS FARGO COMPANY	COM	949746101	10,439	209,868	SH		SOLE	0	209,111	0	757
ZOETIS INC	CL A	98978V103	735	25,404	SH		SOLE	0	25,404	0	0