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
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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	2,287	15,967	SH		SOLE	0	15,967	0	0
ABBOTT LABORATORIES	COM	2824100	5,030	122,981	SH		SOLE	0	122,646	0	335
ABERDEEN ASIA-PACIFIC PRIME INCOME FUND	COM	3009107	199	31,650	SH		SOLE	0	31,650	0	0
AFLAC INC	COM	1055102	1,522	24,457	SH		SOLE	0	24,457	0	0
ALERIAN MLP ETF	ALERIAN MLP	00162Q866	3,715	195,536	SH		SOLE	0	195,536	0	0
AMERICAN AIRLINES GROUP INC	COM	02376R102	237	5,527	SH		SOLE	0	5,527	0	0
AMERICAN EXPRESS	COM	25816109	2,436	25,680	SH		SOLE	0	25,680	0	0
ANADARKO PETROLEUM CORP	COM	32511107	241	2,202	SH		SOLE	0	2,202	0	0
APACHE CORP	COM	37411105	4,793	47,637	SH		SOLE	0	47,507	0	130
APPLE COMPUTER	COM	37833100	14,085	151,570	SH		SOLE	0	151,080	0	490
AT&T INC	COM	00206R102	5,270	149,048	SH		SOLE	0	148,673	0	375
AUTOMATIC DATA PROCESSING INC	COM	53015103	2,986	37,661	SH		SOLE	0	37,561	0	100
AUTOZONE INC	COM	53332102	233	434	SH		SOLE	0	434	0	0
BANK OF AMERICA CORPORATION	COM	60505104	4,318	280,965	SH		SOLE	0	280,665	0	300
BOEING COMPANY	COM	97023105	9,514	74,777	SH		SOLE	0	74,512	0	265
CELGENE CORP	COM	151020104	258	3,010	SH		SOLE	0	3,010	0	0
CHARLES SCHWAB CORPORATION	COM	808513105	240	8,925	SH		SOLE	0	8,925	0	0
CHEVRON CORP	COM	166764100	4,373	33,498	SH		SOLE	0	33,383	0	115
CIGNA CORPORATION	COM	125509109	4,587	49,870	SH		SOLE	0	49,755	0	115
CISCO SYSTEMS INC	COM	17275R102	8,250	332,005	SH		SOLE	0	330,885	0	1,120
COCA COLA COMPANY	COM	191216100	3,521	83,118	SH		SOLE	0	83,118	0	0
COHEN & STEERS REALTY MAJORS INDEX	COHE&ST RLTY	464287564	1,325	15,171	SH		SOLE	0	15,171	0	0
COMCAST CORPORATION CL A SPECIAL	CL A SPL	20030N200	7,067	132,521	SH		SOLE	0	132,421	0	100
CORE S&P 500	S&P 500 INDEX	464287200	8,836	44,854	SH		SOLE	0	44,854	0	0
CORE S&P MIDCAP	S&P MIDCAP 400	464287507	811	5,665	SH		SOLE	0	5,665	0	0
CORE S&P SMALLCAP 600 INDEX	S&P SMLCAP 600	464287804	494	4,409	SH		SOLE	0	4,409	0	0
COSTCO WHOLESALE CORPORATION	COM	22160K105	6,122	53,164	SH		SOLE	0	53,014	0	150
COVIDIEN PLC	SHS	G2554F113	2,830	31,378	SH		SOLE	0	31,338	0	40
CSX CORPORATION	COM	126408103	4,913	159,465	SH		SOLE	0	159,340	0	125
CVS CORPORATION	COM	126650100	3,105	41,199	SH		SOLE	0	41,029	0	170
DEERE & CO	COM	244199105	1,105	12,199	SH		SOLE	0	12,199	0	0
DELTA AIR LINES INC	COM NEW	247361702	220	5,671	SH		SOLE	0	5,671	0	0
DIRECTV	COM CL A	25490A309	7,708	90,668	SH		SOLE	0	90,288	0	380
DU PONT E I DE NEMOURS & CO	COM	263534109	343	5,235	SH		SOLE	0	5,235	0	0
DUKE ENERGY CORPORATION	COM	26441C204	372	5,020	SH		SOLE	0	5,020	0	0
EBAY INC	COM	278642103	6,447	128,789	SH		SOLE	0	128,449	0	340
EMC CORP-MASS	COM	268648102	8,790	333,721	SH		SOLE	0	332,831	0	890
ENBRIDGE ENERGY PARTNERS LP	COM	29250R106	335	9,080	SH		SOLE	0	9,080	0	0
ENERGY SELECT SECTOR SPDR FUND	SBI INT-ENERGY	81369Y506	282	2,821	SH		SOLE	0	2,821	0	0
ENTERPRISE PRODUCTS PARTNERS	COM	293792107	290	3,703	SH		SOLE	0	3,703	0	0
ESTEE LAUDER COMPANIES CL A	CL A	518439104	5,064	68,194	SH		SOLE	0	68,009	0	185
EXXON MOBIL CORPORATION	COM	30231G102	14,008	139,134	SH		SOLE	0	139,049	0	85
FACEBOOK INC	CL A	30303M102	244	3,630	SH		SOLE	0	3,630	0	0
FEDEX CORPORATION	COM	31428X106	9,366	61,869	SH		SOLE	0	61,654	0	215
FINANCIAL SELECT SECTOR SPDR	SBI INT-FINL	81369Y605	3,115	137,002	SH		SOLE	0	137,002	0	0
FIRST HORIZON NATIONAL CORPORATION	COM	320517105	575	48,500	SH		SOLE	0	48,500	0	0
FLUOR CORPORATION	COM	343412102	5,009	65,133	SH		SOLE	0	65,058	0	75
FORD MOTOR COMPANY	COM PAR $0.01	345370860	8,823	511,797	SH		SOLE	0	510,247	0	1,550
FREEPORT McMORAN INC	COM	35671D857	6,303	172,679	SH		SOLE	0	172,244	0	435
GENERAL ELECTRIC COMPANY	COM	369604103	9,822	373,745	SH		SOLE	0	372,550	0	1,195
GILEAD SCIENCES INC	COM	375558103	3,260	39,314	SH		SOLE	0	39,174	0	140
GOOGLE INC CL A	CL A SPL	38259P508	4,832	8,264	SH		SOLE	0	8,243	0	21
GOOGLE INC CL C	CL C	38259P706	4,808	8,358	SH		SOLE	0	8,337	0	21
HALLIBURTON COMPANY	COM	406216101	9,514	133,981	SH		SOLE	0	133,481	0	500
HOLLYFRONTIER CORP	COM	436106108	2,401	54,944	SH		SOLE	0	54,694	0	250
HONEYWELL INTERNATIONAL INC	COM	438516106	332	3,575	SH		SOLE	0	3,575	0	0
HOWARD HUGHES CORPORATION	COM	44267D107	205	1,300	SH		SOLE	0	1,300	0	0
i SHARES RUSSELL 2000 INDEX FUND	RUSSELL 2000 ETF	464287655	213	1,794	SH		SOLE	0	1,794	0	0
INTEL CORPORATION	COM	458140100	505	16,344	SH		SOLE	0	16,344	0	0
INTERNATIONAL BUSINESS MACHINE	COM	459200101	522	2,881	SH		SOLE	0	2,881	0	0
INVESTCO LIMITED	SHS	G491BT108	2,661	70,497	SH		SOLE	0	70,212	0	285
iSHARES BARCLAYS 1-3 YEAR CREDIT BOND	BARCLYS 1-3YR CR	464288646	3,140	29,710	SH		SOLE	0	29,710	0	0
iSHARES BARCLAYS 7-10 YR TREAS BND FND	BARCLYS 7-10 YR	464287440	555	5,355	SH		SOLE	0	5,355	0	0
iSHARES BARCLAYS INT CR BOND FUND	BARCLYS INTER CR	464288638	3,674	33,346	SH		SOLE	0	33,346	0	0
iSHARES BARCLAYS INT GOV/CRED BOND FND	BARCLYS INTER GV	464288612	2,839	25,602	SH		SOLE	0	25,602	0	0
iSHARES BARCLAYS MBS BOND FUND	BARCLYS MBS BD	464288588	1,065	9,838	SH		SOLE	0	9,838	0	0
iSHARES CORE MSCI EAFE ETF	CORE MSCI EAFE	46432F842	15,292	245,805	SH		SOLE	0	245,805	0	0
iSHARES CORE US AGGREGATE BOND	CORE TOTUSBD ETF	464287226	634	5,798	SH		SOLE	0	5,798	0	0
iSHARES DJ SELECT DIVIDEND INDEX FUND	DJ SEL DIV INX	464287168	6,881	89,390	SH		SOLE	0	89,390	0	0
iSHARES DOW JONES EPAC DIVIDEND	INTL SEL DIV ETF	464288448	313	7,839	SH		SOLE	0	7,839	0	0
iSHARES DOW JONES U.S. TELECOM SECTOR	U.S. TELECOM ETF	464287713	226	7,450	SH		SOLE	0	7,450	0	0
iSHARES DOW JONES U.S. UTILITIES SECTOR	DJ US UTILS	464287697	282	2,531	SH		SOLE	0	2,531	0	0
iSHARES IBOXX H/Y CORP BOND	HIGH YLD CORP	464288513	1,167	12,262	SH		SOLE	0	12,262	0	0
iSHARES LEHMAN 1-3 YEAR TREASURY	BARCLYS 1-3 YR	464287457	211	2,495	SH		SOLE	0	2,495	0	0
iSHARES MSCI BRIC INDEX FUND	MSCI BRIC INDX	464286657	249	6,451	SH		SOLE	0	6,451	0	0
iSHARES MSCI EAFE GROWTH INDEX	MSCI GRW IDX	464288885	1,646	22,723	SH		SOLE	0	22,723	0	0
iSHARES MSCI EMERGING MKT MIN VOL	EM MKT MIN VOL	464286533	1,641	27,324	SH		SOLE	0	27,324	0	0
ISHARES MSCI PACIFIC EX JAPAN	MSCI PAC JP ETF	464286665	210	4,273	SH		SOLE	0	4,273	0	0
iSHARES S&P 100 INDEX FUND	S&P 100 ETF	464287101	2,666	30,809	SH		SOLE	0	30,809	0	0
iSHARES S&P GSCI COMMODITY INDEX TR I	UNIT BEN INT	46428R107	354	10,445	SH		SOLE	0	10,445	0	0
iSHARES S&P MIDCAP 400 VALUE INDEX	S&P MIDCP VALU	464287705	1,118	8,810	SH		SOLE	0	8,810	0	0
iSHARES S&P MIDCAP GROWTH INDEX	S&P MC 400 GRW	464287606	1,750	11,140	SH		SOLE	0	11,140	0	0
iSHARES S&P US PREF STOCK INDEX FUND	US PFD STK IDX	464288687	330	8,279	SH		SOLE	0	8,279	0	0
JOHNSON & JOHNSON	COM	478160104	9,523	91,028	SH		SOLE	0	90,723	0	305
JP MORGAN CHASE & CO	COM	46625H100	12,194	211,621	SH		SOLE	0	210,931	0	690
KELLOGG CO	COM	487836108	399	6,075	SH		SOLE	0	6,075	0	0
KINDER MORGAN ENERGY PARTNERS LP	UT LTD PARTNER	494550106	2,740	33,328	SH		SOLE	0	33,328	0	0
LORILLARD INC	COM	544147101	2,636	43,238	SH		SOLE	0	43,238	0	0
LOWE'S COMPANIES INC	COM	548661107	7,584	158,029	SH		SOLE	0	157,584	0	445
MARATHON OIL CORP	COM	565849106	7,735	193,769	SH		SOLE	0	193,124	0	645
MEDTRONIC INC	COM	585055106	1,353	21,217	SH		SOLE	0	21,217	0	0
MERCK & COMPANY	COM	58933Y105	31,513	544,734	SH		SOLE	0	544,474	0	260
MICHAEL KORS HOLDINGS LTD	SHS	G60754101	5,291	59,681	SH		SOLE	0	59,511	0	170
MICROSOFT CORPORATION	COM	594918104	16,895	405,151	SH		SOLE	0	404,376	0	775
MONDELEZ INTERNATIONAL INC	CL A	609207105	6,246	166,086	SH		SOLE	0	165,626	0	460
MORGAN STANLEY	COM NEW	617446448	5,606	173,408	SH		SOLE	0	172,593	0	815
MSCI EAFE INDEX	MSCI EAFE INDEX	464287465	7,386	108,031	SH		SOLE	0	108,031	0	0
MSCI EMERGING MARKETS INDEX	MSCI EMERG MKT	464287234	1,294	29,928	SH		SOLE	0	29,928	0	0
ORACLE CORPORATION	COM	68389X105	5,945	146,671	SH		SOLE	0	146,111	0	560
PEPSICO INC	COM	713448108	9,170	102,638	SH		SOLE	0	102,298	0	340
PFIZER INC	COM	717081103	2,493	84,005	SH		SOLE	0	84,005	0	0
PIMCO ENHANCED SHORT MATURITY	ENHAN SHRT MAT	72201R833	995	9,817	SH		SOLE	0	9,817	0	0
POWERSHARES SENIOR LOAN PORTFOLIO	SENIOR LN PORT	73936Q769	4,894	196,786	SH		SOLE	0	185,686	0	11,100
PROCTER & GAMBLE COMPANY	COM	742718109	7,390	94,031	SH		SOLE	0	93,771	0	260
QUALCOMM INC	COM	747525103	4,554	57,497	SH		SOLE	0	57,322	0	175
REGIONS FINANCIAL CORP	COM	7591EP100	546	51,454	SH		SOLE	0	51,454	0	0
RUSSELL 1000 GROWTH INDEX	RUSSELL1000GRW	464287614	9,352	102,843	SH		SOLE	0	102,843	0	0
RUSSELL 1000 VALUE INDEX	RUSSELL1000VAL	464287598	1,058	10,452	SH		SOLE	0	10,452	0	0
RUSSELL 2000 GROWTH INDEX	RUSL 2000 GROW	464287648	1,592	11,498	SH		SOLE	0	11,498	0	0
RUSSELL 2000 VALUE INDEX	RUSL 2000 VALU	464287630	791	7,665	SH		SOLE	0	7,665	0	0
RUSSELL MIDCAP GROWTH INDEX	RUSSELL MCP GR	464287481	2,555	28,533	SH		SOLE	0	28,533	0	0
RUSSELL MIDCAP INDEX	RUSSELL MIDCAP	464287499	399	2,457	SH		SOLE	0	2,457	0	0
RUSSELL MIDCAP VALUE INDEX	RUSSELL MCP VL	464287473	1,286	17,705	SH		SOLE	0	17,705	0	0
S&P 500 DEPOSITARY RECEIPTS	TR UNIT	78462F103	3,944	20,150	SH		SOLE	0	20,150	0	0
S&P NATIONAL MUNICIPAL BOND FUND	NAT AMT FREE BD	464288414	267	2,460	SH		SOLE	0	2,460	0	0
SCHLUMBERGER LTD	COM	806857108	10,364	87,865	SH		SOLE	0	87,540	0	325
SCHWAB US BROAD MARKET ETF	US BRD MKT ETF	808524102	960	20,118	SH		SOLE	0	20,118	0	0
SEADRILL LTD	SHS	G7945E105	400	10,000	SH		SOLE	0	10,000	0	0
SPDR BARCLAYS HY BOND ETF	BRCLYS YLD ETF	78464A417	6,145	147,256	SH		SOLE	0	140,581	0	6,675
SPDR BARCLAYS SHORT TERM COR	BARC SHT TR CP	78464A474	5,074	164,686	SH		SOLE	0	164,686	0	0
SPECTRA ENERGY CORP	COM	847560109	286	6,721	SH		SOLE	0	6,721	0	0
STATE STREET CORPORATION	COM	857477103	235	3,500	SH		SOLE	0	3,500	0	0
TC PIPELINES LP	UT COM LTD PRT	87233Q108	329	6,370	SH		SOLE	0	6,370	0	0
TESLA MOTORS INC	COM	88160R101	252	1,050	SH		SOLE	0	1,050	0	0
THERMO FISHER SCIENTIFIC INC	COM	883556102	5,990	50,765	SH		SOLE	0	50,565	0	200
TWENTY-FIRST CENTURY FOX INC	CL A	90130A101	3,950	112,365	SH		SOLE	0	111,930	0	435
UNITED TECHNOLOGIES CORP	COM	913017109	8,084	70,025	SH		SOLE	0	69,775	0	250
UNIVERSAL INSURANCE HOLDINGS INC	COM	91359V107	1,362	105,000	SH		SOLE	0	105,000	0	0
US BANCORP	COM NEW	902973304	4,641	107,127	SH		SOLE	0	106,712	0	415
USD EMERGING MARKETS BOND FUND	JP MOR EM MK ETF	464288281	307	2,660	SH		SOLE	0	150	0	2,510
VANGUARD DIVIDEND APP INDEX FUND	DIV APP ETF	921908844	722	9,265	SH		SOLE	0	0	0	9,265
VANGUARD EMERGING MARKETS ETF	FTSE EMR MKT ETF	922042858	404	9,375	SH		SOLE	0	150	0	9,225
VANGUARD FTSE ALL WORLD US SMALL CAP	FTSE SMCAP ETF	922042718	286	2,575	SH		SOLE	0	0	0	2,575
VANGUARD FTSE DEVELOPED MARKETS ETF	FTSE DEV MKT ETF	921943858	974	22,875	SH		SOLE	0	675	0	22,200
VANGUARD GROWTH ETF	GROWTH ETF	922908736	2,779	28,100	SH		SOLE	0	28,100	0	0
VANGUARD HEALTH CARE	HEALTH CAR ETF	92204A504	577	5,173	SH		SOLE	0	5,173	0	0
VANGUARD INT-TERM CORP BOND ETF	INT-TERM CORP	92206C870	483	5,575	SH		SOLE	0	0	0	5,575
VANGUARD MID CAP GROWTH INDEX	MCAP GR IDXVIP	922908538	3,484	36,153	SH		SOLE	0	30,093	0	6,060
VANGUARD MID CAP VALUE INDEX FUND	MCAP VL IDXVIP	922908512	1,514	17,420	SH		SOLE	0	12,970	0	4,450
VANGUARD REIT ETF	REIT ETF	922908553	339	4,530	SH		SOLE	0	630	0	3,900
VANGUARD SMALL CAP GROWTH ETF	SML CP GRW ETF	922908595	3,408	26,754	SH		SOLE	0	24,429	0	2,325
VANGUARD SMALL CAP VALUE	SM CP VAL ETF	922908611	2,469	23,403	SH		SOLE	0	21,548	0	1,855
VANGUARD ST BOND	SHORT TRM BOND	921937827	678	8,445	SH		SOLE	0	670	0	7,775
VANGUARD TOTAL BOND MARKET	TOTAL BND MRKT	921937835	1,301	15,825	SH		SOLE	0	0	0	15,825
VANGUARD US TOTAL STOCK MARKET ETF	TOTAL STK MKT	922908769	847	8,318	SH		SOLE	0	188	0	8,130
VERIZON COMMUNICATIONS	COM	92343V104	954	19,492	SH		SOLE	0	19,492	0	0
VODAFONE GROUP PLC SP ADR	SPNSR ADR NO PAR	92857W308	570	17,080	SH		SOLE	0	17,080	0	0
WAL MART STORES INC	COM	931142103	332	4,421	SH		SOLE	0	4,421	0	0
WALGREEN COMPANY	COM	931422109	200	2,700	SH		SOLE	0	2,700	0	0
WALT DISNEY COMPANY	COM DISNEY	254687106	969	11,299	SH		SOLE	0	11,299	0	0
WELLS FARGO COMPANY	COM	949746101	10,864	206,693	SH		SOLE	0	205,936	0	757
ZOETIS INC	CL A	98978V103	781	24,189	SH		SOLE	0	24,189	0	0