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	2,406	14,643	SH		SOLE	0	14,643	0	0
ABBOTT LABORATORIES	COM	2824100	5,393	119,799	SH		SOLE	0	119,464	0	335
ABERDEEN ASIA-PACIFIC PRIME INCOME FUND	COM	3009107	176	31,650	SH		SOLE	0	31,650	0	0
AFLAC INC	COM	1055102	1,267	20,732	SH		SOLE	0	20,732	0	0
ALERIAN MLP ETF	ALERIAN MLP	00162Q866	3,383	193,106	SH		SOLE	0	193,106	0	0
AMERICAN AIRLINES GROUP INC	COM	02376R102	264	4,927	SH		SOLE	0	4,927	0	0
AMERICAN EXPRESS	COM	25816109	2,452	26,355	SH		SOLE	0	26,355	0	0
AMGEN INC	COM	31162100	209	1,313	SH		SOLE	0	1,313	0	0
APACHE CORP	COM	37411105	4,677	74,633	SH		SOLE	0	74,359	0	274
APPLE COMPUTER	COM	37833100	16,232	147,053	SH		SOLE	0	146,583	0	470
AT&T INC	COM	00206R102	4,775	142,143	SH		SOLE	0	141,768	0	375
AUTOMATIC DATA PROCESSING INC	COM	53015103	2,814	33,755	SH		SOLE	0	33,655	0	100
AUTOZONE INC	COM	53332102	269	434	SH		SOLE	0	434	0	0
BANK OF AMERICA CORPORATION	COM	60505104	5,682	317,621	SH		SOLE	0	317,321	0	300
BERKSHIRE HATHAWAY INC-CL B	CL B NEW	84670702	237	1,580	SH		SOLE	0	1,580	0	0
BOEING COMPANY	COM	97023105	9,129	70,232	SH		SOLE	0	69,967	0	265
CDK GLOBAL INC	COM	12508E101	455	11,169	SH		SOLE	0	11,136	0	33
CELGENE CORP	COM	151020104	299	2,670	SH		SOLE	0	2,670	0	0
CHARLES SCHWAB CORPORATION	COM	808513105	269	8,925	SH		SOLE	0	8,925	0	0
CHEVRON CORP	COM	166764100	3,724	33,200	SH		SOLE	0	33,085	0	115
CIGNA CORPORATION	COM	125509109	5,150	50,041	SH		SOLE	0	49,926	0	115
CISCO SYSTEMS INC	COM	17275R102	8,828	317,382	SH		SOLE	0	316,262	0	1,120
COCA COLA COMPANY	COM	191216100	3,528	83,562	SH		SOLE	0	83,562	0	0
COHEN & STEERS REALTY MAJORS INDEX	COHE&ST RLTY	464287564	1,563	16,143	SH		SOLE	0	16,143	0	0
COMCAST CORP CL A	CL A	20030N101	216	3,730	SH		SOLE	0	3,730	0	0
COMCAST CORPORATION CL A SPECIAL	CL A SPL	20030N200	7,471	129,790	SH		SOLE	0	129,690	0	100
CORE S&P 500	S&P 500 INDEX	464287200	11,313	54,685	SH		SOLE	0	54,685	0	0
CORE S&P MIDCAP	S&P MIDCAP 400	464287507	810	5,597	SH		SOLE	0	5,597	0	0
CORE S&P SMALLCAP 600 INDEX	S&P SMLCAP 600	464287804	449	3,934	SH		SOLE	0	3,934	0	0
COSTCO WHOLESALE CORPORATION	COM	22160K105	7,360	51,919	SH		SOLE	0	51,769	0	150
COVIDIEN PLC	SHS	G2554F113	3,216	31,444	SH		SOLE	0	31,404	0	40
CSX CORPORATION	COM	126408103	5,518	152,315	SH		SOLE	0	152,190	0	125
CVS HEALTH CORPORATION	COM	126650100	4,015	41,692	SH		SOLE	0	41,522	0	170
DEERE & CO	COM	244199105	1,065	12,034	SH		SOLE	0	12,034	0	0
DELTA AIR LINES INC	COM NEW	247361702	4,869	98,989	SH		SOLE	0	98,734	0	255
DIRECTV	COM CL A	25490A309	7,485	86,333	SH		SOLE	0	85,953	0	380
DU PONT E I DE NEMOURS & CO	COM	263534109	235	3,185	SH		SOLE	0	3,185	0	0
DUKE ENERGY CORPORATION	COM	26441C204	419	5,020	SH		SOLE	0	5,020	0	0
EBAY INC	COM	278642103	7,225	128,735	SH		SOLE	0	128,395	0	340
EMC CORP-MASS	COM	268648102	9,610	323,128	SH		SOLE	0	322,238	0	890
ENERGY SELECT SECTOR SPDR FUND	SBI INT-ENERGY	81369Y506	267	3,372	SH		SOLE	0	3,372	0	0
ENTERPRISE PRODUCTS PARTNERS	COM	293792107	268	7,406	SH		SOLE	0	7,406	0	0
ESTEE LAUDER COMPANIES CL A	CL A	518439104	5,136	67,399	SH		SOLE	0	67,214	0	185
EXXON MOBIL CORPORATION	COM	30231G102	12,584	136,115	SH		SOLE	0	136,050	0	65
FACEBOOK INC	CL A	30303M102	703	9,005	SH		SOLE	0	9,005	0	0
FEDEX CORPORATION	COM	31428X106	9,882	56,904	SH		SOLE	0	56,699	0	205
FINANCIAL SELECT SECTOR SPDR	SBI INT-FINL	81369Y605	8,160	329,966	SH		SOLE	0	328,766	0	1,200
FIRST HORIZON NATIONAL CORPORATION	COM	320517105	657	48,398	SH		SOLE	0	48,398	0	0
FLUOR CORPORATION	COM	343412102	3,808	62,810	SH		SOLE	0	62,735	0	75
FOOT LOCKER INC	COM	344849104	4,130	73,521	SH		SOLE	0	73,321	0	200
FORD MOTOR COMPANY	COM PAR $0.01	345370860	8,058	519,850	SH		SOLE	0	518,300	0	1,550
FREEPORT McMORAN INC	COM	35671D857	2,260	96,730	SH		SOLE	0	96,295	0	435
GENERAL ELECTRIC COMPANY	COM	369604103	9,323	368,925	SH		SOLE	0	367,805	0	1,120
GILEAD SCIENCES INC	COM	375558103	970	10,287	SH		SOLE	0	10,287	0	0
GOOGLE INC CL A	CL A SPL	38259P508	4,375	8,245	SH		SOLE	0	8,224	0	21
GOOGLE INC CL C	CL C	38259P706	4,414	8,386	SH		SOLE	0	8,365	0	21
GTX INC	COM	40052B108	12	16,734	SH		SOLE	0	16,734	0	0
HALLIBURTON COMPANY	COM	406216101	4,269	108,552	SH		SOLE	0	108,152	0	400
HOLLYFRONTIER CORP	COM	436106108	1,679	44,787	SH		SOLE	0	44,537	0	250
HOME DEPOT INC	COM	437076102	250	2,380	SH		SOLE	0	2,380	0	0
i SHARES RUSSELL 2000 INDEX FUND	RUSSELL 2000 ETF	464287655	759	6,342	SH		SOLE	0	6,342	0	0
INTEL CORPORATION	COM	458140100	611	16,844	SH		SOLE	0	16,844	0	0
INTERNATIONAL BUSINESS MACHINE	COM	459200101	304	1,894	SH		SOLE	0	1,894	0	0
INVESTCO LIMITED	SHS	G491BT108	3,157	79,885	SH		SOLE	0	79,600	0	285
iSHARES BARCLAYS 1-3 YEAR CREDIT BOND	BARCLYS 1-3YR CR	464288646	3,005	28,570	SH		SOLE	0	28,370	0	200
iSHARES BARCLAYS 7-10 YR TREAS BND FND	BARCLYS 7-10 YR	464287440	634	5,982	SH		SOLE	0	5,982	0	0
iSHARES BARCLAYS INT CR BOND FUND	BARCLYS INTER CR	464288638	1,167	10,676	SH		SOLE	0	10,476	0	200
iSHARES BARCLAYS INT GOV/CRED BOND FND	BARCLYS INTER GV	464288612	3,467	31,332	SH		SOLE	0	31,132	0	200
iSHARES BARCLAYS MBS BOND FUND	BARCLYS MBS BD	464288588	764	6,985	SH		SOLE	0	6,985	0	0
iSHARES CORE MSCI EAFE ETF	CORE MSCI EAFE	46432F842	15,361	277,683	SH		SOLE	0	277,683	0	0
iSHARES CORE MSCI EMERGING MARKETS	CORE MSCI EMKT	46434G103	1,247	26,510	SH		SOLE	0	26,510	0	0
iSHARES CORE US AGGREGATE BOND	CORE TOTUSBD ETF	464287226	682	6,195	SH		SOLE	0	6,195	0	0
iSHARES DJ SELECT DIVIDEND INDEX FUND	DJ SEL DIV INX	464287168	6,664	83,924	SH		SOLE	0	83,924	0	0
iSHARES DOW JONES EPAC DIVIDEND	INTL SEL DIV ETF	464288448	307	9,126	SH		SOLE	0	9,126	0	0
iSHARES DOW JONES U.S. TELECOM SECTOR	U.S. TELECOM ETF	464287713	218	7,450	SH		SOLE	0	7,450	0	0
iSHARES DOW JONES U.S. UTILITIES SECTOR	DJ US UTILS	464287697	303	2,558	SH		SOLE	0	2,558	0	0
iSHARES IBOXX H/Y CORP BOND	HIGH YLD CORP	464288513	1,268	14,154	SH		SOLE	0	14,154	0	0
iSHARES LEHMAN 1-3 YEAR TREASURY	BARCLYS 1-3 YR	464287457	208	2,464	SH		SOLE	0	2,464	0	0
iSHARES MSCI ACWI INDEX FUND	MSCI ACWI ETF	464288257	2,248	38,425	SH		SOLE	0	38,425	0	0
iSHARES MSCI BRIC INDEX FUND	MSCI BRIC INDX	464286657	249	7,113	SH		SOLE	0	7,113	0	0
iSHARES MSCI EAFE GROWTH INDEX	MSCI GRW IDX	464288885	1,496	22,732	SH		SOLE	0	22,732	0	0
iSHARES MSCI EMERGING MKT MIN VOL	EM MKT MIN VOL	464286533	1,605	28,344	SH		SOLE	0	28,344	0	0
ISHARES MSCI PACIFIC EX JAPAN	MSCI PAC JP ETF	464286665	253	5,761	SH		SOLE	0	5,761	0	0
iSHARES S&P 100 INDEX FUND	S&P 100 ETF	464287101	2,897	31,854	SH		SOLE	0	31,854	0	0
iSHARES S&P GSCI COMMODITY INDEX TR I	UNIT BEN INT	46428R107	295	13,651	SH		SOLE	0	13,651	0	0
iSHARES S&P MIDCAP 400 VALUE INDEX	S&P MIDCP VALU	464287705	1,233	9,643	SH		SOLE	0	9,643	0	0
iSHARES S&P MIDCAP GROWTH INDEX	S&P MC 400 GRW	464287606	1,981	12,406	SH		SOLE	0	12,406	0	0
iSHARES S&P US PREF STOCK INDEX FUND	US PFD STK IDX	464288687	383	9,712	SH		SOLE	0	9,712	0	0
JOHNSON & JOHNSON	COM	478160104	9,244	88,401	SH		SOLE	0	88,096	0	305
JP MORGAN CHASE & CO	COM	46625H100	13,119	209,639	SH		SOLE	0	208,949	0	690
KELLOGG CO	COM	487836108	398	6,075	SH		SOLE	0	6,075	0	0
KINDER MORGAN INC	COM	49456B101	3,030	71,618	SH		SOLE	0	71,618	0	0
LORILLARD INC	COM	544147101	2,757	43,801	SH		SOLE	0	43,801	0	0
LOWE'S COMPANIES INC	COM	548661107	10,419	151,434	SH		SOLE	0	151,014	0	420
MARATHON OIL CORP	COM	565849106	756	26,740	SH		SOLE	0	26,740	0	0
McDONALD'S CORPORATION	COM	580135101	5,266	56,202	SH		SOLE	0	56,066	0	136
MEDTRONIC INC	COM	585055106	1,532	21,217	SH		SOLE	0	21,217	0	0
MERCK & COMPANY	COM	58933Y105	30,076	529,602	SH		SOLE	0	529,342	0	260
METLIFE INC	COM	59156R108	6,448	119,217	SH		SOLE	0	118,782	0	435
MICHAEL KORS HOLDINGS LTD	SHS	G60754101	4,543	60,496	SH		SOLE	0	60,326	0	170
MICROSOFT CORPORATION	COM	594918104	17,900	385,366	SH		SOLE	0	384,591	0	775
MONDELEZ INTERNATIONAL INC	CL A	609207105	6,076	167,279	SH		SOLE	0	166,819	0	460
MRI INTERVENTIONS INC	not a 13f security	55347P100	17	20,000	SH		SOLE	0	20,000	0	0
MSCI EAFE INDEX	MSCI EAFE INDEX	464287465	4,391	72,168	SH		SOLE	0	72,168	0	0
MSCI EMERGING MARKETS INDEX	MSCI EMERG MKT	464287234	318	8,087	SH		SOLE	0	8,087	0	0
ORACLE CORPORATION	COM	68389X105	6,314	140,403	SH		SOLE	0	139,843	0	560
PEPSICO INC	COM	713448108	9,418	99,598	SH		SOLE	0	99,258	0	340
PFIZER INC	COM	717081103	2,637	84,646	SH		SOLE	0	84,646	0	0
PIMCO ENHANCED SHORT MATURITY	ENHAN SHRT MAT	72201R833	378	3,741	SH		SOLE	0	3,741	0	0
POWERSHARES SENIOR LOAN PORTFOLIO	SENIOR LN PORT	73936Q769	290	12,089	SH		SOLE	0	500	0	11,589
PROCTER & GAMBLE COMPANY	COM	742718109	8,448	92,741	SH		SOLE	0	92,481	0	260
QUALCOMM INC	COM	747525103	3,851	51,806	SH		SOLE	0	51,631	0	175
REGIONS FINANCIAL CORP	COM	7591EP100	547	51,757	SH		SOLE	0	51,757	0	0
RUSSELL 1000 GROWTH INDEX	RUSSELL1000GRW	464287614	8,700	90,992	SH		SOLE	0	90,992	0	0
RUSSELL 1000 VALUE INDEX	RUSSELL1000VAL	464287598	1,187	11,372	SH		SOLE	0	11,372	0	0
RUSSELL 2000 GROWTH INDEX	RUSL 2000 GROW	464287648	1,632	11,464	SH		SOLE	0	11,464	0	0
RUSSELL 2000 VALUE INDEX	RUSL 2000 VALU	464287630	756	7,438	SH		SOLE	0	7,438	0	0
RUSSELL MIDCAP GROWTH INDEX	RUSSELL MCP GR	464287481	2,572	27,591	SH		SOLE	0	27,591	0	0
RUSSELL MIDCAP INDEX	RUSSELL MIDCAP	464287499	414	2,481	SH		SOLE	0	2,481	0	0
RUSSELL MIDCAP VALUE INDEX	RUSSELL MCP VL	464287473	1,306	17,705	SH		SOLE	0	17,705	0	0
S&P 500 DEPOSITARY RECEIPTS	TR UNIT	78462F103	3,362	16,357	SH		SOLE	0	16,357	0	0
S&P NATIONAL MUNICIPAL BOND FUND	NAT AMT FREE BD	464288414	271	2,455	SH		SOLE	0	2,455	0	0
SCHLUMBERGER LTD	COM	806857108	5,865	68,672	SH		SOLE	0	68,421	0	251
SCHWAB US BROAD MARKET ETF	US BRD MKT ETF	808524102	1,060	21,283	SH		SOLE	0	21,283	0	0
SEADRILL LTD	SHS	G7945E105	119	10,000	SH		SOLE	0	10,000	0	0
SOFTBANK CORP	ADR	83404D109	2,654	89,371	SH		SOLE	0	89,286	0	85
SPDR BARCLAYS HY BOND ETF	BRCLYS YLD ETF	78464A417	3,905	101,136	SH		SOLE	0	94,091	0	7,045
SPDR BARCLAYS SHORT TERM COR	BARC SHT TR CP	78464A474	6,660	217,835	SH		SOLE	0	217,335	0	500
SPECTRA ENERGY CORP	COM	847560109	215	5,921	SH		SOLE	0	5,921	0	0
STARBUCKS CORP	COM	855244109	201	2,450	SH		SOLE	0	2,450	0	0
STATE STREET CORPORATION	COM	857477103	275	3,500	SH		SOLE	0	3,500	0	0
TC PIPELINES LP	UT COM LTD PRT	87233Q108	377	5,300	SH		SOLE	0	5,300	0	0
THERMO FISHER SCIENTIFIC INC	COM	883556102	6,350	50,680	SH		SOLE	0	50,480	0	200
TWENTY-FIRST CENTURY FOX INC	CL A	90130A101	4,534	118,050	SH		SOLE	0	117,615	0	435
UNITED TECHNOLOGIES CORP	COM	913017109	7,593	66,027	SH		SOLE	0	65,777	0	250
UNIVERSAL INSURANCE HOLDINGS INC	COM	91359V107	1,329	65,000	SH		SOLE	0	65,000	0	0
US BANCORP	COM NEW	902973304	4,913	109,297	SH		SOLE	0	108,882	0	415
USD EMERGING MARKETS BOND FUND	JP MOR EM MK ETF	464288281	294	2,681	SH		SOLE	0	171	0	2,510
VANGUARD DIVIDEND APP INDEX FUND	DIV APP ETF	921908844	752	9,265	SH		SOLE	0	0	0	9,265
VANGUARD EMERGING MARKETS ETF	FTSE EMR MKT ETF	922042858	366	9,150	SH		SOLE	0	150	0	9,000
VANGUARD FTSE ALL WORLD US SMALL CAP	FTSE SMCAP ETF	922042718	268	2,815	SH		SOLE	0	0	0	2,815
VANGUARD FTSE DEVELOPED MARKETS ETF	FTSE DEV MKT ETF	921943858	942	24,875	SH		SOLE	0	675	0	24,200
VANGUARD GROWTH ETF	GROWTH ETF	922908736	3,455	33,100	SH		SOLE	0	33,100	0	0
VANGUARD HEALTH CARE	HEALTH CAR ETF	92204A504	4,415	35,153	SH		SOLE	0	35,053	0	100
VANGUARD INT-TERM CORP BOND ETF	INT-TERM CORP	92206C870	480	5,575	SH		SOLE	0	0	0	5,575
VANGUARD MID CAP GROWTH INDEX	MCAP GR IDXVIP	922908538	3,851	37,905	SH		SOLE	0	31,845	0	6,060
VANGUARD MID CAP VALUE INDEX FUND	MCAP VL IDXVIP	922908512	1,742	19,479	SH		SOLE	0	15,029	0	4,450
VANGUARD MORTGAGE BACK SEC	MORTG-BACK SEC	92206C771	493	9,304	SH		SOLE	0	9,304	0	0
VANGUARD MSCI EUROPEAN ETF	FTSE EUROPE ETF	922042874	252	4,805	SH		SOLE	0	4,805	0	0
VANGUARD REIT ETF	REIT ETF	922908553	351	4,330	SH		SOLE	0	630	0	3,700
VANGUARD SMALL CAP GROWTH ETF	SML CP GRW ETF	922908595	3,773	29,956	SH		SOLE	0	27,631	0	2,325
VANGUARD SMALL CAP VALUE	SM CP VAL ETF	922908611	2,675	25,292	SH		SOLE	0	23,437	0	1,855
VANGUARD ST BOND	SHORT TRM BOND	921937827	736	9,211	SH		SOLE	0	1,436	0	7,775
VANGUARD TOTAL BOND MARKET	TOTAL BND MRKT	921937835	1,304	15,836	SH		SOLE	0	261	0	15,575
VANGUARD US TOTAL STOCK MARKET ETF	TOTAL STK MKT	922908769	895	8,448	SH		SOLE	0	438	0	8,010
VERIZON COMMUNICATIONS	COM	92343V104	962	20,575	SH		SOLE	0	20,575	0	0
VODAFONE GROUP PLC SP ADR	SPNSR ADR NO PAR	92857W308	584	17,080	SH		SOLE	0	17,080	0	0
WAL MART STORES INC	COM	931142103	366	4,261	SH		SOLE	0	4,261	0	0
WALT DISNEY COMPANY	COM DISNEY	254687106	1,064	11,299	SH		SOLE	0	11,299	0	0
WELLS FARGO COMPANY	COM	949746101	304	5,545	SH		SOLE	0	5,545	0	0
WISCONSIN ENERGY CORP	COM	976657106	203	3,855	SH		SOLE	0	3,855	0	0
YAHOO INC	COM	984332106	278	5,500	SH		SOLE	0	5,500	0	0
ZOETIS INC	CL A	98978V103	1,006	23,389	SH		SOLE	0	23,389	0	0