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
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
3M CO	COM	88579Y101	2,407	14,593	SH		SOLE		14,593	0	0
ABBOTT LABORATORIES	COM	002824100	2,033	43,884	SH		SOLE		43,884	0	0
ABERDEEN ASIA-PACIFIC PRIME IN	COM	003009107	170	31,650	SH		SOLE		31,650	0	0
AFLAC INC	COM	001055102	1,321	20,642	SH		SOLE		20,642	0	0
AMERICAN AIRLINES GROUP INC	COM	02376R102	244	4,627	SH		SOLE		4,627	0	0
AMERICAN EXPRESS	COM	025816109	4,073	52,140	SH		SOLE		52,040	0	100
AMGEN INC	COM	031162100	238	1,488	SH		SOLE		1,488	0	0
ANACOR PHARMACEUTICALS INC	COM	032420101	289	5,000	SH		SOLE		5,000	0	0
APACHE CORP	COM	037411105	4,499	74,578	SH		SOLE		74,364	0	214
APPLE COMPUTER	COM	037833100	18,317	147,210	SH		SOLE		146,860	0	350
AT&T INC	COM	00206R102	4,537	138,965	SH		SOLE		138,690	0	275
AUTOMATIC DATA PROCESSING INC	COM	053015103	2,883	33,661	SH		SOLE		33,561	0	100
AUTOZONE INC	COM	053332102	296	434	SH		SOLE		434	0	0
BANK OF AMERICA CORPORATION	COM	060505104	4,970	322,942	SH		SOLE		322,942	0	0
BERKSHIRE HATHAWAY INC-CL B	COM	084670702	250	1,730	SH		SOLE		1,730	0	0
BOEING COMPANY	COM	097023105	10,573	70,448	SH		SOLE		70,233	0	215
CDK GLOBAL INC	COM	12508E101	501	10,721	SH		SOLE		10,688	0	33
CELGENE CORP	COM	151020104	5,868	50,900	SH		SOLE		50,800	0	100
CHARLES SCHWAB CORPORATION	COM	808513105	272	8,925	SH		SOLE		8,925	0	0
CHEVRON CORP	COM	166764100	3,569	33,999	SH		SOLE		33,919	0	80
CIGNA CORPORATION	COM	125509109	6,560	50,676	SH		SOLE		50,596	0	80
CISCO SYSTEMS INC	COM	17275R102	8,678	315,274	SH		SOLE		314,404	0	870
CITIGROUP INC	COM	172967424	266	5,170	SH		SOLE		5,170	0	0
COCA COLA COMPANY	COM	191216100	3,538	87,250	SH		SOLE		87,250	0	0
COMCAST CORP CL A	COM	20030N101	211	3,730	SH		SOLE		3,730	0	0
COMCAST CORPORATION CL A SPECI	COM	20030N200	7,081	126,291	SH		SOLE		126,291	0	0
COSTCO WHOLESALE CORPORATION	COM	22160K105	7,972	52,624	SH		SOLE		52,504	0	120
CSX CORPORATION	COM	126408103	6,330	191,110	SH		SOLE		190,760	0	350
CVS CORPORATION	COM	126650100	4,374	42,376	SH		SOLE		42,251	0	125
DEERE & CO	COM	244199105	1,030	11,749	SH		SOLE		11,749	0	0
DELTA AIR LINES INC	COM	247361702	4,504	100,189	SH		SOLE		100,009	0	180
DIRECTV	COM	25490A309	7,319	86,000	SH		SOLE		85,695	0	305
DU PONT E I DE NEMOURS & CO	COM	263534109	228	3,185	SH		SOLE		3,185	0	0
DUKE ENERGY CORPORATION	COM	26441C204	437	5,686	SH		SOLE		5,686	0	0
EBAY INC	COM	278642103	7,472	129,541	SH		SOLE		129,301	0	240
EMC CORP-MASS	COM	268648102	8,137	318,360	SH		SOLE		317,705	0	655
ENTERPRISE PRODUCTS PARTNERS	COM	293792107	244	7,406	SH		SOLE		7,406	0	0
ESTEE LAUDER COMPANIES CL A	COM	518439104	5,624	67,628	SH		SOLE		67,483	0	145
EXXON MOBIL CORPORATION	COM	30231G102	11,828	139,154	SH		SOLE		139,154	0	0
FACEBOOK INC	COM	30303M102	699	8,505	SH		SOLE		8,505	0	0
FEDEX CORPORATION	COM	31428X106	9,311	56,279	SH		SOLE		56,129	0	150
FINANCIAL SELECT SECTOR SPDR	COM	81369Y605	6,351	263,398	SH		SOLE		262,448	0	950
FIRST HORIZON NATIONAL CORPORA	COM	320517105	890	62,312	SH		SOLE		62,312	0	0
FLUOR CORPORATION	COM	343412102	1,765	30,872	SH		SOLE		30,872	0	0
FORD MOTOR COMPANY	COM	345370860	8,436	522,705	SH		SOLE		521,605	0	1,100
FREEPORT McMORAN COPPER & GOLD	COM	35671D857	2,852	150,520	SH		SOLE		150,260	0	260
GENERAL ELECTRIC COMPANY	COM	369604103	8,053	324,600	SH		SOLE		324,035	0	565
GILEAD SCIENCES INC	COM	375558103	4,658	47,464	SH		SOLE		47,364	0	100
GOOGLE INC CL A	COM	38259P508	4,588	8,271	SH		SOLE		8,256	0	15
GOOGLE INC CL C	COM	38259P706	4,566	8,332	SH		SOLE		8,317	0	15
GTX INC	COM	40052B108	11	16,734	SH		SOLE		16,734	0	0
HALLIBURTON COMPANY	COM	406216101	4,697	107,035	SH		SOLE		106,755	0	280
HOLLYFRONTIER CORP	COM	436106108	1,899	47,160	SH		SOLE		46,940	0	220
HOME DEPOT INC	COM	437076102	259	2,280	SH		SOLE		2,280	0	0
INTEL CORPORATION	COM	458140100	574	18,344	SH		SOLE		18,344	0	0
INTERNATIONAL BUSINESS MACHINE	COM	459200101	304	1,894	SH		SOLE		1,894	0	0
INVESTCO LIMITED	COM	G491BT108	3,305	83,280	SH		SOLE		83,080	0	200
JOHNSON & JOHNSON	COM	478160104	8,697	86,455	SH		SOLE		86,205	0	250
JP MORGAN CHASE & CO	COM	46625H100	12,683	209,357	SH		SOLE		208,842	0	515
KELLOGG CO	COM	487836108	401	6,075	SH		SOLE		6,075	0	0
KINDER MORGAN INC	COM	49456B101	2,983	70,920	SH		SOLE		70,920	0	0
LORILLARD INC	COM	544147101	3,565	54,559	SH		SOLE		54,559	0	0
LOWE'S COMPANIES INC	COM	548661107	10,916	146,739	SH		SOLE		146,479	0	260
MARATHON OIL CORP	COM	565849106	657	25,152	SH		SOLE		25,152	0	0
McDONALD'S CORPORATION	COM	580135101	5,608	57,557	SH		SOLE		57,451	0	106
McKESSON HBOC INC	COM	58155Q103	3,360	14,856	SH		SOLE		14,801	0	55
MEDTRONIC PLC	COM	G5960L103	3,927	50,356	SH		SOLE		50,356	0	0
MERCK & COMPANY	COM	58933Y105	30,393	528,761	SH		SOLE		528,581	0	180
METLIFE INC	COM	59156R108	6,289	124,404	SH		SOLE		124,019	0	385
MICHAEL KORS HOLDINGS LTD	COM	G60754101	3,975	60,461	SH		SOLE		60,336	0	125
MICROSOFT CORPORATION	COM	594918104	15,502	381,311	SH		SOLE		380,761	0	550
MONDELEZ INTERNATIONAL INC	COM	609207105	5,961	165,162	SH		SOLE		164,862	0	300
ORACLE CORPORATION	COM	68389X105	6,110	141,590	SH		SOLE		141,180	0	410
PEPSICO INC	COM	713448108	9,513	99,487	SH		SOLE		99,227	0	260
PERNIX THERAPEUTICS HOLDINGS I	COM	71426V108	118	11,000	SH		SOLE		11,000	0	0
PFIZER INC	COM	717081103	2,914	83,761	SH		SOLE		83,761	0	0
PROCTER & GAMBLE COMPANY	COM	742718109	7,791	95,077	SH		SOLE		94,877	0	200
QUALCOMM INC	COM	747525103	3,519	50,748	SH		SOLE		50,613	0	135
REGIONS FINANCIAL CORP	COM	7591EP100	489	51,757	SH		SOLE		51,757	0	0
RENASANT CORP	COM	75970E107	220	7,337	SH		SOLE		7,337	0	0
SCHLUMBERGER LTD	COM	806857108	5,551	66,532	SH		SOLE		66,336	0	196
SEADRILL LTD	COM	G7945E105	93	10,000	SH		SOLE		10,000	0	0
SPECTRA ENERGY CORP	COM	847560109	214	5,921	SH		SOLE		5,921	0	0
STARBUCKS CORP	COM	855244109	232	2,450	SH		SOLE		2,450	0	0
STATE STREET CORPORATION	COM	857477103	257	3,500	SH		SOLE		3,500	0	0
TC PIPELINES LP	COM	87233Q108	345	5,300	SH		SOLE		5,300	0	0
THERMO FISHER SCIENTIFIC INC	COM	883556102	6,945	51,700	SH		SOLE		51,550	0	150
TWENTY-FIRST CENTURY FOX INC	COM	90130A101	4,017	118,705	SH		SOLE		118,355	0	350
UNITED TECHNOLOGIES CORP	COM	913017109	7,751	66,139	SH		SOLE		65,964	0	175
UNIVERSAL INSURANCE HOLDINGS I	COM	91359V107	1,407	55,000	SH		SOLE		55,000	0	0
US BANCORP	COM	902973304	4,826	110,515	SH		SOLE		110,275	0	240
VERIZON COMMUNICATIONS	COM	92343V104	1,069	21,987	SH		SOLE		21,987	0	0
VODAFONE GROUP PLC SP ADR	COM	92857W308	526	16,103	SH		SOLE		16,103	0	0
WAL MART STORES INC	COM	931142103	734	8,929	SH		SOLE		8,929	0	0
WALGREENS BOOTS ALLIANCE INC	COM	931427108	210	2,475	SH		SOLE		2,475	0	0
WALT DISNEY COMPANY	COM	254687106	1,175	11,199	SH		SOLE		11,199	0	0
WELLS FARGO COMPANY	COM	949746101	394	7,237	SH		SOLE		7,237	0	0
WISCONSIN ENERGY CORP	COM	976657106	206	4,155	SH		SOLE		4,155	0	0
YAHOO INC	COM	984332106	244	5,500	SH		SOLE		5,500	0	0
ZOETIS INC	COM	98978V103	1,083	23,389	SH		SOLE		23,389	0	0
VANGUARD MORTGAGE-BACKED SEC E	COM	92206C771	506	9,467	SH		SOLE		9,467	0	0
ALERIAN MLP ETF	COM	00162Q866	3,167	191,106	SH		SOLE		191,106	0	0
COHEN & STEERS REALTY MAJORS I	COM	464287564	1,586	15,682	SH		SOLE		15,682	0	0
CORE S&P 500	COM	464287200	11,946	57,478	SH		SOLE		57,478	0	0
CORE S&P MIDCAP	COM	464287507	896	5,897	SH		SOLE		5,897	0	0
CORE S&P SMALLCAP 600 INDEX	COM	464287804	464	3,934	SH		SOLE		3,934	0	0
i SHARES RUSSELL 2000 INDEX FU	COM	464287655	965	7,757	SH		SOLE		6,432	0	1,325
iSHARES CORE MSCI EAFE ETF	COM	46432F842	18,917	323,420	SH		SOLE		323,420	0	0
iSHARES CORE MSCI EMERGING MAR	COM	46434G103	1,277	26,417	SH		SOLE		26,417	0	0
iSHARES DJ SELECT DIVIDEND IND	COM	464287168	6,496	83,346	SH		SOLE		83,346	0	0
iSHARES DOW JONES EPAC DIVIDEN	COM	464288448	331	9,846	SH		SOLE		9,846	0	0
iSHARES DOW JONES U.S. TELECOM	COM	464287713	225	7,450	SH		SOLE		7,450	0	0
iSHARES DOW JONES U.S. UTILITI	COM	464287697	287	2,565	SH		SOLE		2,565	0	0
iSHARES MSCI ACWI INDEX FUND	COM	464288257	1,818	30,295	SH		SOLE		30,295	0	0
iSHARES MSCI BRIC INDEX FUND	COM	464286657	268	7,334	SH		SOLE		7,334	0	0
iSHARES MSCI EAFE GROWTH INDEX	COM	464288885	1,610	22,980	SH		SOLE		22,980	0	0
iSHARES MSCI EMERGING MKT MIN	COM	464286533	1,678	28,434	SH		SOLE		28,434	0	0
ISHARES MSCI PACIFIC EX JAPAN	COM	464286665	287	6,324	SH		SOLE		6,324	0	0
iSHARES S&P 100 INDEX FUND	COM	464287101	2,875	31,854	SH		SOLE		31,854	0	0
iSHARES S&P GSCI COMMODITY IND	COM	46428R107	299	15,310	SH		SOLE		15,310	0	0
iSHARES S&P MIDCAP 400 VALUE I	COM	464287705	1,291	9,860	SH		SOLE		9,860	0	0
iSHARES S&P MIDCAP GROWTH INDE	COM	464287606	2,091	12,193	SH		SOLE		12,193	0	0
MSCI EAFE INDEX	COM	464287465	4,486	69,903	SH		SOLE		69,903	0	0
MSCI EMERGING MARKETS INDEX	COM	464287234	344	8,572	SH		SOLE		8,572	0	0
POWERSHARES BUYBACK ACHIEVERS	COM	73935X286	207	4,192	SH		SOLE		4,192	0	0
RUSSELL 1000 GROWTH INDEX	COM	464287614	8,914	90,117	SH		SOLE		90,117	0	0
RUSSELL 1000 VALUE INDEX	COM	464287598	1,230	11,937	SH		SOLE		11,937	0	0
RUSSELL 2000 GROWTH INDEX	COM	464287648	1,737	11,464	SH		SOLE		11,464	0	0
RUSSELL 2000 VALUE INDEX	COM	464287630	768	7,438	SH		SOLE		7,438	0	0
RUSSELL MIDCAP GROWTH INDEX	COM	464287481	2,702	27,591	SH		SOLE		27,591	0	0
RUSSELL MIDCAP INDEX	COM	464287499	534	3,086	SH		SOLE		2,481	0	605
RUSSELL MIDCAP VALUE INDEX	COM	464287473	1,389	18,450	SH		SOLE		17,715	0	735
S&P 500 DEPOSITARY RECEIPTS	COM	78462F103	3,265	15,818	SH		SOLE		15,818	0	0
SCHWAB US BROAD MARKET ETF	COM	808524102	1,122	22,223	SH		SOLE		22,223	0	0
VANGUARD DIVIDEND APP INDEX FU	COM	921908844	655	8,135	SH		SOLE		0	0	8,135
VANGUARD EMERGING MARKETS ETF	COM	922042858	364	8,910	SH		SOLE		150	0	8,760
VANGUARD FTSE ALL WORLD US SMA	COM	922042718	265	2,670	SH		SOLE		0	0	2,670
VANGUARD FTSE DEVELOPED MARKET	COM	921943858	896	22,505	SH		SOLE		675	0	21,830
VANGUARD GROWTH ETF	COM	922908736	3,463	33,100	SH		SOLE		33,100	0	0
VANGUARD HEALTH CARE	COM	92204A504	302	2,230	SH		SOLE		2,230	0	0
VANGUARD MID CAP GROWTH INDEX	COM	922908538	3,938	36,458	SH		SOLE		31,548	0	4,910
VANGUARD MID CAP VALUE INDEX F	COM	922908512	1,779	19,353	SH		SOLE		15,503	0	3,850
VANGUARD MSCI EUROPEAN ETF	COM	922042874	310	5,710	SH		SOLE		5,710	0	0
VANGUARD REIT ETF	COM	922908553	312	3,705	SH		SOLE		630	0	3,075
VANGUARD SMALL CAP GROWTH ETF	COM	922908595	4,462	33,858	SH		SOLE		31,883	0	1,975
VANGUARD SMALL CAP VALUE	COM	922908611	3,072	28,084	SH		SOLE		26,459	0	1,625
VANGUARD US TOTAL Equity MARKE	COM	922908769	631	5,883	SH		SOLE		438	0	5,445