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	1,710	11,351	SH		SOLE		11,351	0	0
A.O. SMITH CORP	COM	831865209	2,470	32,244	SH		SOLE		27,904	0	4,340
ABBOTT LABORATORIES	COM	002824100	1,782	39,684	SH		SOLE		39,554	0	130
ABERDEEN ASIA-PACIFIC PRIME IN	COM	003009107	64	13,983	SH		SOLE		13,983	0	0
AFLAC INC	COM	001055102	8,640	144,236	SH		SOLE		127,846	0	16,390
ALASKA AIR GROUP INC	COM	011659109	3,921	48,708	SH		SOLE		42,153	0	6,555
ALLERGAN PLC	COM	G0177J108	1,607	5,142	SH		SOLE		4,406	0	736
ALLSTATE CORP	COM	020002101	8,785	141,482	SH		SOLE		132,452	0	9,030
ALPHABET INC CL A	COM	02079K305	14,413	18,526	SH		SOLE		14,702	0	3,824
ALPHABET INC CL C	COM	02079K107	10,768	14,189	SH		SOLE		13,303	0	886
AMAZON.COM INC	COM	023135106	6,458	9,555	SH		SOLE		8,235	0	1,320
AMERCO	COM	023586100	1,720	4,417	SH		SOLE		3,782	0	635
AMERICAN AIRLINES GROUP INC	COM	02376R102	2,272	53,657	SH		SOLE		53,657	0	0
AMERICAN EXPRESS	COM	025816109	527	7,575	SH		SOLE		7,445	0	130
AMERICAN FINANCIAL GROUP INC	COM	025932104	5,543	76,903	SH		SOLE		66,593	0	10,310
AMERICAN INTERNATIONAL GROUP	COM	026874784	2,230	35,990	SH		SOLE		17,470	0	18,520
AMERICAN WATER WORKS CO	COM	030420103	5,283	88,414	SH		SOLE		76,619	0	11,795
AMERIPRISE FINANCIAL INC	COM	03076C106	5,207	48,932	SH		SOLE		43,142	0	5,790
AMERISOURCEBERGEN CORP	COM	03073E105	3,215	31,002	SH		SOLE		25,032	0	5,970
AMGEN INC	COM	031162100	2,820	17,371	SH		SOLE		14,933	0	2,438
ANADARKO PETROLEUM CORP	COM	032511107	956	19,679	SH		SOLE		10,338	0	9,341
ANTHEM INC	COM	036752103	3,933	28,204	SH		SOLE		24,769	0	3,435
APACHE CORP	COM	037411105	2,928	65,848	SH		SOLE		52,242	0	13,606
APPLE COMPUTER	COM	037833100	26,255	249,426	SH		SOLE		221,380	0	28,046
ARCHER-DANIELS-MIDLAND COMPANY	COM	039483102	3,476	94,761	SH		SOLE		82,721	0	12,040
ARTHUR J GALLAGHER & CO	COM	363576109	829	20,248	SH		SOLE		17,332	0	2,916
AT&T INC	COM	00206R102	9,058	263,243	SH		SOLE		238,968	0	24,275
ATMOS ENERGY CORP	COM	049560105	2,697	42,790	SH		SOLE		37,365	0	5,425
AUTOMATIC DATA PROCESSING INC	COM	053015103	2,630	31,041	SH		SOLE		30,966	0	75
AUTONATION INC	COM	05329W102	6,357	106,546	SH		SOLE		100,556	0	5,990
AUTOZONE INC	COM	053332102	307	414	SH		SOLE		414	0	0
AVAGO TECHNOLOGIES LTD	COM	Y0486S104	4,808	33,124	SH		SOLE	��	33,089	0	35
BANK OF AMERICA CORPORATION	COM	060505104	20,173	1,198,644	SH		SOLE		1,020,599	0	178,045
BANK OF NEW YORK MELLON CORP	COM	064058100	961	23,310	SH		SOLE		20,172	0	3,138
BECTON DICKINSON & CO	COM	075887109	1,995	12,949	SH		SOLE		11,095	0	1,854
BEMIS COMPANY INC	COM	081437105	4,456	99,699	SH		SOLE		86,509	0	13,190
BERKSHIRE HATHAWAY INC-CL B	COM	084670702	320	2,425	SH		SOLE		2,425	0	0
BIG LOTS INC	COM	089302103	1,414	36,692	SH		SOLE		17,792	0	18,900
BIOGEN IDEC INC	COM	09062X103	2,291	7,477	SH		SOLE		6,448	0	1,029
BLACKROCK INC	COM	09247X101	2,106	6,184	SH		SOLE		5,424	0	760
BOEING COMPANY	COM	097023105	12,957	89,609	SH		SOLE		87,056	0	2,553
BOOZ ALLEN HAMILTON HOLDINGS	COM	099502106	1,199	38,860	SH		SOLE		34,160	0	4,700
BOSTON SCIENTIFIC CORP	COM	101137107	2,079	112,764	SH		SOLE		54,672	0	58,092
BROADRIDGE FINANCIAL SOLUTIONS	COM	11133T103	1,070	19,915	SH		SOLE		17,091	0	2,824
C. H. ROBINSON WORLDWIDE INC	COM	12541W209	795	12,813	SH		SOLE		10,978	0	1,835
CABELA'S INC	COM	126804301	1,557	33,313	SH		SOLE		28,678	0	4,635
CAPITAL ONE FINANCIAL CORPORAT	COM	14040H105	7,877	109,129	SH		SOLE		95,164	0	13,965
CARDINAL HEALTH INC	COM	14149Y108	994	11,137	SH		SOLE		9,577	0	1,560
CASEY'S GENERAL STORES INC	COM	147528103	1,739	14,434	SH		SOLE		7,034	0	7,400
CBRE GROUP INC	COM	12504L109	906	26,193	SH		SOLE		22,508	0	3,685
CBS CORP CL B	COM	124857202	4,002	84,920	SH		SOLE		74,050	0	10,870
CDK GLOBAL INC	COM	12508E101	416	8,771	SH		SOLE		8,771	0	0
CDW CORP	COM	12514G108	934	22,214	SH		SOLE		19,040	0	3,174
CELGENE CORP	COM	151020104	6,301	52,616	SH		SOLE		52,566	0	50
CENTENE CORP	COM	15135B101	2,447	37,185	SH		SOLE		32,015	0	5,170
CENTURYTEL INC	COM	156700106	3,057	121,496	SH		SOLE		105,496	0	16,000
CHARLES SCHWAB CORPORATION	COM	808513105	294	8,925	SH		SOLE		8,925	0	0
CHEVRON CORP	COM	166764100	11,936	132,685	SH		SOLE		111,039	0	21,646
CHIPOTLE MEXICAN GRILL INC	COM	169656105	3,613	7,530	SH		SOLE		6,793	0	737
CIGNA CORPORATION	COM	125509109	14,859	101,542	SH		SOLE		90,346	0	11,196
CINTAS CORP	COM	172908105	6,573	72,189	SH		SOLE		63,854	0	8,335
CISCO SYSTEMS INC	COM	17275R102	14,862	547,292	SH		SOLE		517,422	0	29,870
CIT GROUP INC	COM	125581801	1,264	31,837	SH		SOLE		15,467	0	16,370
CITIGROUP INC	COM	172967424	15,058	290,981	SH		SOLE		242,729	0	48,252
CLEARSIGN COMBUSTION CORP	COM	185064102	157	32,454	SH		SOLE		32,454	0	0
CMS ENERGY CORP	COM	125896100	4,842	134,197	SH		SOLE		115,292	0	18,905
COCA COLA COMPANY	COM	191216100	3,623	84,341	SH		SOLE		84,341	0	0
COGNIZANT TECHNOLOGY SOLUTIONS	COM	192446102	5,776	96,228	SH		SOLE		65,618	0	30,610
COMCAST CORP CL A	COM	20030N101	15,724	278,653	SH		SOLE		259,911	0	18,742
COMMSCOPE HOLDING INC	COM	20337X109	1,073	41,450	SH		SOLE		35,548	0	5,902
CONOCOPHILLIPS	COM	20825C104	6,006	128,639	SH		SOLE		117,124	0	11,515
CONSTELLATION BRANDS INC	COM	21036P108	7,422	52,109	SH		SOLE		45,124	0	6,985
COSTCO WHOLESALE CORPORATION	COM	22160K105	10,432	64,594	SH		SOLE		56,684	0	7,910
CSX CORPORATION	COM	126408103	10,245	394,788	SH		SOLE		351,048	0	43,740
CVS CORPORATION	COM	126650100	20,840	213,154	SH		SOLE		182,691	0	30,463
DEERE & CO	COM	244199105	833	10,919	SH		SOLE		10,919	0	0
DELTA AIR LINES INC	COM	247361702	15,309	302,017	SH		SOLE		260,457	0	41,560
DOLLAR GENERAL CORP	COM	256677105	10,284	143,094	SH		SOLE		133,399	0	9,695
DOW CHEMICAL CO	COM	260543103	5,724	111,183	SH		SOLE		97,550	0	13,633
DU PONT E I DE NEMOURS & CO	COM	263534109	2,153	32,324	SH		SOLE		16,764	0	15,560
DUKE ENERGY CORPORATION	COM	26441C204	358	5,020	SH		SOLE		5,020	0	0
EBAY INC	COM	278642103	204	7,416	SH		SOLE		7,416	0	0
EMC CORP-MASS	COM	268648102	13,191	513,669	SH		SOLE		470,114	0	43,555
ENERGY SELECT SECTOR SPDR FUND	COM	81369Y506	2,046	33,926	SH		SOLE		33,763	0	163
ESTEE LAUDER COMPANIES CL A	COM	518439104	217	2,465	SH		SOLE		2,395	0	70
EXPRESS SCRIPTS HOLDING COMPAN	COM	30219G108	7,662	87,652	SH		SOLE		76,237	0	11,415
EXTENDED STAY AMERICA INC	COM	30224P200	878	55,194	SH		SOLE		26,939	0	28,255
EXXON MOBIL CORPORATION	COM	30231G102	23,810	305,454	SH		SOLE		271,213	0	34,241
FACEBOOK INC	COM	30303M102	6,671	63,744	SH		SOLE		55,579	0	8,165
FEDEX CORPORATION	COM	31428X106	9,634	64,663	SH		SOLE		63,082	0	1,581
FINANCIAL SELECT SECTOR SPDR	COM	81369Y605	3,927	164,798	SH		SOLE		164,798	0	0
FIRST HORIZON NATIONAL CORPORA	COM	320517105	742	51,085	SH		SOLE		51,085	0	0
FLUOR CORPORATION	COM	343412102	1,238	26,217	SH		SOLE		26,217	0	0
FOOT LOCKER INC	COM	344849104	920	14,133	SH		SOLE		11,983	0	2,150
FORD MOTOR COMPANY	COM	345370860	10,921	775,091	SH		SOLE		737,273	0	37,818
FREEPORT McMORAN COPPER & GOLD	COM	35671D857	698	103,062	SH		SOLE		103,062	0	0
GENERAL ELECTRIC COMPANY	COM	369604103	10,659	342,172	SH		SOLE		326,314	0	15,858
GENERAL MOTORS CO	COM	37045V100	5,276	155,120	SH		SOLE		134,860	0	20,260
GENTEX CORP	COM	371901109	3,016	188,380	SH		SOLE		163,945	0	24,435
GILEAD SCIENCES INC	COM	375558103	11,239	111,068	SH		SOLE		96,228	0	14,840
GLAXOSMITHKLINE PLC ADR	COM	37733W105	2,077	51,467	SH		SOLE		25,000	0	26,467
GLOBAL PAYMENTS INC	COM	37940X102	846	13,110	SH		SOLE		11,240	0	1,870
GRAPHIC PACKAGING HOLDING CO	COM	388689101	4,484	349,471	SH		SOLE		266,336	0	83,135
GTX INC	COM	40052B108	10	14,234	SH		SOLE		14,234	0	0
HAIN CELESTIAL GROUP INC	COM	405217100	1,051	26,018	SH		SOLE		22,326	0	3,692
HALLIBURTON COMPANY	COM	406216101	1,313	38,576	SH		SOLE		38,576	0	0
HANESBRANDS INC	COM	410345102	1,384	47,017	SH		SOLE		40,322	0	6,695
HASBRO INC	COM	418056107	1,505	22,344	SH		SOLE		18,109	0	4,235
HCA HOLDINGS INC	COM	40412C101	8,283	122,475	SH		SOLE		94,343	0	28,132
HOLLYFRONTIER CORP	COM	436106108	4,047	101,450	SH		SOLE		88,720	0	12,730
HOME DEPOT INC	COM	437076102	4,419	33,412	SH		SOLE		27,422	0	5,990
HONEYWELL INTERNATIONAL INC	COM	438516106	3,044	29,390	SH		SOLE		24,070	0	5,320
HUMANA INC	COM	444859102	2,808	15,729	SH		SOLE		15,689	0	40
INGREDION INC	COM	457187102	5,523	57,629	SH		SOLE		50,039	0	7,590
INTEL CORPORATION	COM	458140100	12,546	364,183	SH		SOLE		317,983	0	46,200
INTERCONTINENTAL EXCHANGE GROU	COM	45866F104	904	3,528	SH		SOLE		3,023	0	505
INTERNATIONAL BUSINESS MACHINE	COM	459200101	258	1,874	SH		SOLE		1,874	0	0
INTERNATIONAL PAPER	COM	460146103	3,346	88,760	SH		SOLE		77,140	0	11,620
INVESTCO LIMITED	COM	G491BT108	3,001	89,635	SH		SOLE		89,345	0	290
JOHNSON & JOHNSON	COM	478160104	16,580	161,405	SH		SOLE		151,235	0	10,170
JP MORGAN CHASE & CO	COM	46625H100	28,797	436,126	SH		SOLE		383,631	0	52,495
KELLOGG CO	COM	487836108	439	6,075	SH		SOLE		6,075	0	0
KINDER MORGAN INC	COM	49456B101	299	20,036	SH		SOLE		20,036	0	0
KRAFT HEINZ COMPANY	COM	500754106	3,593	49,383	SH		SOLE		43,602	0	5,781
KROGER COMPANY	COM	501044101	292	6,970	SH		SOLE		6,710	0	260
LENNAR CORP	COM	526057104	11,158	228,128	SH		SOLE		193,906	0	34,222
LEVEL 3 COMMUNICATIONS INC	COM	52729N308	1,952	35,910	SH		SOLE		31,005	0	4,905
LINCOLN NATIONAL CORP	COM	534187109	4,255	84,657	SH		SOLE		73,857	0	10,800
LOWE'S COMPANIES INC	COM	548661107	13,680	179,908	SH		SOLE		170,138	0	9,770
MACY'S INC	COM	55616P104	3,321	94,949	SH		SOLE		83,574	0	11,375
MARATHON OIL CORP	COM	565849106	3,497	277,751	SH		SOLE		242,331	0	35,420
MASCO CORP	COM	574599106	4,550	160,791	SH		SOLE		113,587	0	47,204
MASTERCARD INC	COM	57636Q104	852	8,748	SH		SOLE		7,464	0	1,284
McDONALD'S CORPORATION	COM	580135101	6,805	57,600	SH		SOLE		57,530	0	70
McKESSON HBOC INC	COM	58155Q103	1,393	7,065	SH		SOLE		6,059	0	1,006
MEDNAX INC	COM	58502B106	2,170	30,282	SH		SOLE		26,267	0	4,015
MEDTRONIC PLC	COM	G5960L103	3,745	48,682	SH		SOLE		48,647	0	35
MERCK & COMPANY	COM	58933Y105	34,308	649,536	SH		SOLE		634,031	0	15,505
METLIFE INC	COM	59156R108	12,219	253,453	SH		SOLE		218,143	0	35,310
MICHAEL KORS HOLDINGS LTD	COM	G60754101	378	9,429	SH		SOLE		9,429	0	0
MICRON TECHNOLOGY INC	COM	595112103	2,038	143,961	SH		SOLE		125,536	0	18,425
MICROSOFT CORPORATION	COM	594918104	33,553	604,770	SH		SOLE		556,330	0	48,440
MIDDLEBY CORP	COM	596278101	2,152	19,950	SH		SOLE		17,165	0	2,785
MOHAWK IND INC	COM	608190104	899	4,745	SH		SOLE		4,105	0	640
MONDELEZ INTERNATIONAL INC	COM	609207105	6,826	152,227	SH		SOLE		152,072	0	155
MORGAN STANLEY	COM	617446448	2,263	71,141	SH		SOLE		34,421	0	36,720
MURPHY OIL CORP	COM	626717102	1,651	73,537	SH		SOLE		64,022	0	9,515
MYLAN NV	COM	N59465109	1,083	20,033	SH		SOLE		17,318	0	2,715
NETFLIX INC	COM	64110L106	234	2,050	SH		SOLE		2,050	0	0
NORTHROP GRUMMAN CORP	COM	666807102	7,089	37,544	SH		SOLE		32,719	0	4,825
ORACLE CORPORATION	COM	68389X105	7,996	218,891	SH		SOLE		166,756	0	52,135
OSHKOSH CORPORATION	COM	688239201	1,456	37,307	SH		SOLE		18,057	0	19,250
PALO ALTO NETWORKS INC	COM	697435105	1,015	5,764	SH		SOLE		4,980	0	784
PAYPAL HOLDINGS INC	COM	70450Y103	5,848	161,553	SH		SOLE		156,933	0	4,620
PENSKE AUTOMOTIVE GROUP INC	COM	70959W103	1,136	26,825	SH		SOLE		23,110	0	3,715
PEPSICO INC	COM	713448108	12,224	122,336	SH		SOLE		105,896	0	16,440
PERRIGO COMPANY PLC	COM	G97822103	7,678	53,063	SH		SOLE		45,925	0	7,138
PFIZER INC	COM	717081103	8,814	273,047	SH		SOLE		248,892	0	24,155
PG&E CORP	COM	69331C108	4,114	77,353	SH		SOLE		66,668	0	10,685
PINNACLE WEST CAPITAL	COM	723484101	6,805	105,542	SH		SOLE		91,367	0	14,175
PROCTER & GAMBLE COMPANY	COM	742718109	7,168	90,261	SH		SOLE		90,145	0	116
PUBLIC SEVICE ENTERPRISE GP	COM	744573106	4,150	107,263	SH		SOLE		93,333	0	13,930
QUALCOMM INC	COM	747525103	2,698	53,981	SH		SOLE		37,558	0	16,423
QUEST DIAGNOSTICS INC	COM	74834L100	4,138	58,165	SH		SOLE		50,595	0	7,570
RACKSPACE HOSTING INC	COM	750086100	892	35,236	SH		SOLE		30,245	0	4,991
RAYMOND JAMES FINANCIAL INC	COM	754730109	5,280	91,081	SH		SOLE		79,591	0	11,490
RAYTHEON COMPANY	COM	755111507	6,781	54,454	SH		SOLE		47,519	0	6,935
REGIONS FINANCIAL CORP	COM	7591EP100	458	47,675	SH		SOLE		47,372	0	303
REINSURANCE GROUP OF AMERICA	COM	759351604	4,883	57,077	SH		SOLE		49,722	0	7,355
RENASANT CORP	COM	75970E107	252	7,337	SH		SOLE		7,337	0	0
REPUBLIC SERVICE INC.	COM	760759100	2,614	59,425	SH		SOLE		28,761	0	30,664
RESONANT INC	COM	76118L102	28	10,439	SH		SOLE		10,439	0	0
REYNOLDS AMERICAN INC	COM	761713106	3,516	76,181	SH		SOLE		71,874	0	4,307
ROSS STORES INC	COM	778296103	2,849	52,952	SH		SOLE		25,677	0	27,275
SCHLUMBERGER LTD	COM	806857108	5,693	81,623	SH		SOLE		72,493	0	9,130
SEADRILL LTD	COM	G7945E105	34	10,000	SH		SOLE		10,000	0	0
SEI INVESTMENTS CO	COM	784117103	1,157	22,081	SH		SOLE		18,991	0	3,090
SKYWORKS SOLUTIONS INC	COM	83088M102	1,407	18,312	SH		SOLE		15,827	0	2,485
SOUTHWEST AIRLINES CO	COM	844741108	4,252	98,745	SH		SOLE		65,895	0	32,850
STARBUCKS CORP	COM	855244109	3,973	66,187	SH		SOLE		57,937	0	8,250
STATE STREET CORPORATION	COM	857477103	232	3,500	SH		SOLE		3,500	0	0
SUNTRUST BANKS INC	COM	867914103	9,192	214,564	SH		SOLE		188,334	0	26,230
SVB FINANCIAL GROUP	COM	78486Q101	1,166	9,808	SH		SOLE		8,403	0	1,405
SYNCHRONY FINANCIAL	COM	87165B103	8,044	264,511	SH		SOLE		223,413	0	41,098
TC PIPELINES LP	COM	87233Q108	260	5,235	SH		SOLE		5,235	0	0
TESORO CORP	COM	881609101	3,716	35,263	SH		SOLE		32,413	0	2,850
THE AES CORPORATION	COM	00130H105	2,831	295,871	SH		SOLE		256,751	0	39,120
THERMO FISHER SCIENTIFIC INC	COM	883556102	8,984	63,331	SH		SOLE		54,721	0	8,610
THOR INDUSTRIES INC	COM	885160101	1,762	31,374	SH		SOLE		25,514	0	5,860
TIME WARNER INC	COM	887317303	2,813	43,502	SH		SOLE		27,019	0	16,483
TOPBUILD CORP	COM	89055F103	293	9,522	SH		SOLE		8,377	0	1,145
TORCHMARK CORP	COM	891027104	4,768	83,421	SH		SOLE		72,131	0	11,290
TORO CO	COM	891092108	896	12,260	SH		SOLE		10,504	0	1,756
TRINITY INDUSTRIES INC	COM	896522109	3,073	127,918	SH		SOLE		110,748	0	17,170
TWENTY-FIRST CENTURY FOX - B	COM	90130A200	2,436	89,459	SH		SOLE		86,354	0	3,105
TWENTY-FIRST CENTURY FOX INC	COM	90130A101	1,898	69,869	SH		SOLE		69,869	0	0
TYSON FOODS INC-CL A	COM	902494103	11,391	213,586	SH		SOLE		186,021	0	27,565
UNION PACIFIC CORP	COM	907818108	3,942	50,404	SH		SOLE		44,054	0	6,350
UNITED TECHNOLOGIES CORP	COM	913017109	5,757	59,926	SH		SOLE		51,851	0	8,075
UNITEDHEALTH GROUP INC	COM	91324P102	4,038	34,329	SH		SOLE		29,984	0	4,345
UNIVERSAL INSURANCE HOLDINGS I	COM	91359V107	1,321	57,000	SH		SOLE		57,000	0	0
US BANCORP	COM	902973304	9,789	229,423	SH		SOLE		213,393	0	16,030
VALERO ENERGY CORP	COM	91913Y100	5,489	77,629	SH		SOLE		67,404	0	10,225
VALSPAR CORP	COM	920355104	1,365	16,459	SH		SOLE		14,194	0	2,265
VERIZON COMMUNICATIONS	COM	92343V104	6,628	143,396	SH		SOLE		132,075	0	11,321
VISA INC	COM	92826C839	8,466	109,168	SH		SOLE		102,490	0	6,678
VODAFONE GROUP PLC SP ADR	COM	92857W308	455	14,094	SH		SOLE		14,094	0	0
VOYA FINANCIAL INC	COM	929089100	2,248	60,898	SH		SOLE		53,223	0	7,675
WAL MART STORES INC	COM	931142103	547	8,929	SH		SOLE		8,929	0	0
WALGREENS BOOTS ALLIANCE INC	COM	931427108	211	2,475	SH		SOLE		2,475	0	0
WALT DISNEY COMPANY	COM	254687106	9,257	88,091	SH		SOLE		69,341	0	18,750
WEC ENERGY GROUP INC	COM	92939U106	248	4,841	SH		SOLE		4,841	0	0
WELLS FARGO COMPANY	COM	949746101	357	6,570	SH		SOLE		6,570	0	0
WHIRLPOOL CORP	COM	963320106	1,735	11,812	SH		SOLE		9,532	0	2,280
WR BERKLEY CORP	COM	084423102	4,549	83,090	SH		SOLE		71,945	0	11,145
ZEBRA TECHNOLOGIES CORP	COM	989207105	1,420	20,392	SH		SOLE		17,487	0	2,905
ZOETIS INC	COM	98978V103	982	20,498	SH		SOLE		20,498	0	0
AEGON	ADR	007924103	448	79,018	SH		SOLE		77,438	0	1,580
ANHEUSER-BUSCH INBEV	ADR	03524A108	3,399	27,192	SH		SOLE		26,592	0	600
ARCELORMITTAL	ADR	03938L104	194	45,935	SH		SOLE		44,680	0	1,255
AUTOLIV	ADR	052800109	746	5,975	SH		SOLE		5,975	0	0
AVAGO TECHNOLOGIES LTD	ADR	Y0486S104	4,209	29,000	SH		SOLE		19,339	0	9,661
BAIDU INC	ADR	056752108	805	4,260	SH		SOLE		4,185	0	75
BARRICK GOLD CORP	ADR	067901108	597	80,958	SH		SOLE		79,813	0	1,145
BP PLC	ADR	055622104	1,215	38,866	SH		SOLE		38,211	0	655
BRITISH TELECOMMUNICATIONS P	ADR	05577E101	3,067	88,626	SH		SOLE		86,556	0	2,070
CHICAGO BRIDGE & IRON	ADR	167250109	1,798	46,116	SH		SOLE		44,916	0	1,200
COPA HOLDINGS SA	ADR	P31076105	319	6,605	SH		SOLE		6,440	0	165
CREDIT SUISSE GROUP	ADR	225401108	1,456	67,111	SH		SOLE		65,928	0	1,183
CRH PLC ADR	ADR	12626K203	897	31,131	SH		SOLE		30,451	0	680
DEUTSCHE BANK AG	ADR	D18190898	948	39,267	SH		SOLE		38,487	0	780
DIAGEO	ADR	25243Q205	1,373	12,589	SH		SOLE		12,299	0	290
GLAXO SMITHKLINE PLC	ADR	37733W105	2,365	58,617	SH		SOLE		57,417	0	1,200
HONDA MOTOR CO. LTD.	ADR	438128308	2,633	82,456	SH		SOLE		80,766	0	1,690
ING GROEP NV ADR	ADR	456837103	1,179	87,556	SH		SOLE		86,301	0	1,255
INTER CONTINENTAL HOTELS GROUP	ADR	45857P509	1,881	48,567	SH		SOLE		47,374	0	1,193
INVESCO LTD	ADR	G491BT108	2,109	62,985	SH		SOLE		57,430	0	5,555
ISHARES MSCI EMERGING MKT IN	ADR	464287234	680	21,125	SH		SOLE		20,255	0	870
KONINKLIJKE PHILIPS NV	ADR	500472303	2,018	79,311	SH		SOLE		77,786	0	1,525
KYOCERA CORP ADR	ADR	501556203	2,789	60,494	SH		SOLE		59,294	0	1,200
L.M. ERICSSON SPONSORED ADR	ADR	294821608	525	54,655	SH		SOLE		54,655	0	0
MARINE HARVEST ASA	ADR	56824R205	188	14,300	SH		SOLE		14,000	0	300
NATIONAL GRID PLC	ADR	636274300	864	12,424	SH		SOLE		12,139	0	285
NEWS CORP - CLASS B	ADR	65249B208	519	37,178	SH		SOLE		36,403	0	775
NIPPON TELEGRAPH AND TELEPHONE	ADR	654624105	1,453	36,551	SH		SOLE		35,896	0	655
PETROLEO BRASILEIRO S.A. ADR	ADR	71654V408	330	76,837	SH		SOLE		75,477	0	1,360
PRUDENTIAL PLC-ADR	ADR	74435K204	882	19,569	SH		SOLE		19,064	0	505
ROYAL CARIBBEAN CRUISES LTD	ADR	V7780T103	2,717	26,847	SH		SOLE		26,222	0	625
SAP SE	ADR	803054204	2,381	30,097	SH		SOLE		29,382	0	715
SENSATA TECHNOLOGIES HOLDING	ADR	N7902X106	616	13,381	SH		SOLE		13,076	0	305
SMITH & NEPHEW PLC	ADR	83175M205	595	16,704	SH		SOLE		16,269	0	435
SONY CORP	ADR	835699307	2,094	85,105	SH		SOLE		83,580	0	1,525
STMICROELECTRONICS NV-NY SHS	ADR	861012102	1,447	217,197	SH		SOLE		212,237	0	4,960
TENARIS SA-ADR	ADR	88031M109	1,052	44,209	SH		SOLE		43,284	0	925
UBS GROUP AG	ADR	H42097107	1,813	93,601	SH		SOLE		90,666	0	2,935
UNILEVER N V	ADR	904784709	3,605	83,227	SH		SOLE		81,267	0	1,960
VODAFONE GROUP PLC SP ADR	ADR	92857W308	1,008	31,260	SH		SOLE		30,711	0	549
XL GROUP PLC	ADR	G98290102	1,543	39,389	SH		SOLE		38,734	0	655
ALERIAN MLP ETF	COM	00162Q866	1,102	91,442	SH		SOLE		91,442	0	0
COHEN & STEERS REALTY MAJORS I	COM	464287564	1,518	15,298	SH		SOLE		15,298	0	0
CORE S&P 500	COM	464287200	14,929	72,869	SH		SOLE		72,862	0	7
CORE S&P MIDCAP	COM	464287507	805	5,777	SH		SOLE		5,777	0	0
CORE S&P SMALLCAP 600 INDEX	COM	464287804	435	3,947	SH		SOLE		3,947	0	0
GUGGENHEIM S&P 500 PURE VALUE	COM	78355W304	223	4,534	SH		SOLE		4,534	0	0
i SHARES RUSSELL 2000 INDEX FU	COM	464287655	689	6,117	SH		SOLE		6,117	0	0
i SHARES RUSSELL 2000 INDEX FU	COM	464287655	113	1,000	SH		OTR		1,000	0	0
iSHARES CORE MSCI EAFE ETF	COM	46432F842	19,120	351,603	SH		SOLE		351,603	0	0
iSHARES CORE MSCI EMERGING MAR	COM	46434G103	1,252	31,788	SH		SOLE		31,788	0	0
iSHARES DJ SELECT DIVIDEND IND	COM	464287168	5,882	78,272	SH		SOLE		78,272	0	0
iSHARES DOW JONES EPAC DIVIDEN	COM	464288448	247	8,620	SH		SOLE		8,620	0	0
iSHARES DOW JONES U.S. TELECOM	COM	464287713	214	7,450	SH		SOLE		7,450	0	0
iSHARES DOW JONES U.S. UTILITI	COM	464287697	279	2,587	SH		SOLE		2,587	0	0
iSHARES MSCI ACWI INDEX FUND	COM	464288257	1,625	29,108	SH		SOLE		29,108	0	0
iSHARES MSCI BRIC INDEX FUND	COM	464286657	272	9,276	SH		SOLE		9,276	0	0
iSHARES MSCI EAFE GROWTH INDEX	COM	464288885	1,437	21,405	SH		SOLE		21,405	0	0
iSHARES MSCI EMERGING MKT MIN	COM	464286533	957	19,659	SH		SOLE		19,659	0	0
ISHARES MSCI PACIFIC EX JAPAN	COM	464286665	274	7,141	SH		SOLE		7,141	0	0
ISHARES MSCI USA MINIMUM VOL	COM	46429B697	7,273	173,923	SH		SOLE		173,923	0	0
iSHARES RUSSELL 1000 ETG	COM	464287622	327	2,890	SH		SOLE		2,890	0	0
iSHARES S&P 100 INDEX FUND	COM	464287101	2,905	31,864	SH		SOLE		31,864	0	0
iSHARES S&P GSCI COMMODITY IND	COM	46428R107	426	29,952	SH		SOLE		29,952	0	0
iSHARES S&P MIDCAP 400 VALUE I	COM	464287705	1,123	9,583	SH		SOLE		9,583	0	0
iSHARES S&P MIDCAP GROWTH INDE	COM	464287606	1,733	10,769	SH		SOLE		10,769	0	0
MSCI EAFE INDEX	COM	464287465	3,993	68,003	SH		SOLE		68,003	0	0
MSCI EMERGING MARKETS INDEX	COM	464287234	228	7,072	SH		SOLE		7,072	0	0
QUANTSHARES US MARKET NEUT ANT	COM	351680707	3,563	172,309	SH		SOLE		172,309	0	0
QUANTSHARES US MARKET NEUT MOM	COM	351680103	247	8,939	SH		SOLE		8,939	0	0
QUANTSHARES US MARKET NEUT SIZ	COM	351680400	236	11,045	SH		SOLE		11,045	0	0
QUANTSHARES US MARKET NEUT VAL	COM	351680202	238	9,827	SH		SOLE		9,827	0	0
RUSSELL 1000 GROWTH INDEX	COM	464287614	8,727	87,728	SH		SOLE		87,728	0	0
RUSSELL 1000 VALUE INDEX	COM	464287598	1,370	13,997	SH		SOLE		13,857	0	140
RUSSELL 2000 GROWTH INDEX	COM	464287648	1,597	11,464	SH		SOLE		11,464	0	0
RUSSELL 2000 VALUE INDEX	COM	464287630	646	7,023	SH		SOLE		7,023	0	0
RUSSELL MIDCAP GROWTH INDEX	COM	464287481	2,496	27,151	SH		SOLE		27,151	0	0
RUSSELL MIDCAP INDEX	COM	464287499	374	2,336	SH		SOLE		2,336	0	0
RUSSELL MIDCAP INDEX	COM	464287499	97	605	SH		OTR		605	0	0
RUSSELL MIDCAP VALUE INDEX	COM	464287473	1,216	17,715	SH		SOLE		17,715	0	0
RUSSELL MIDCAP VALUE INDEX	COM	464287473	17	250	SH		OTR		250	0	0
S&P 500 DEPOSITARY RECEIPTS	COM	78462F103	3,597	17,642	SH		SOLE		17,642	0	0
SCHWAB US BROAD MARKET ETF	COM	808524102	1,199	24,456	SH		SOLE		24,456	0	0
VANGUARD DIVIDEND APP INDEX FU	COM	921908844	781	10,050	SH		SOLE		915	0	9,135
VANGUARD EMERGING MARKETS ETF	COM	922042858	405	12,390	SH		SOLE		1,565	0	10,825
VANGUARD FTSE ALL WORLD US SMA	COM	922042718	324	3,485	SH		SOLE		505	0	2,980
VANGUARD FTSE DEVELOPED MARKET	COM	921943858	1,123	30,585	SH		SOLE		5,655	0	24,930
VANGUARD GROWTH ETF	COM	922908736	3,506	32,950	SH		SOLE		32,950	0	0
VANGUARD HEALTH CARE	COM	92204A504	271	2,042	SH		SOLE		2,042	0	0
VANGUARD MID CAP GROWTH INDEX	COM	922908538	4,716	47,299	SH		SOLE		41,774	0	5,525
VANGUARD MID CAP VALUE INDEX F	COM	922908512	1,889	21,973	SH		SOLE		17,748	0	4,225
VANGUARD MSCI EUROPEAN ETF	COM	922042874	230	4,605	SH		SOLE		4,605	0	0
VANGUARD REIT ETF	COM	922908553	358	4,493	SH		SOLE		1,018	0	3,475
VANGUARD SMALL CAP GROWTH ETF	COM	922908595	4,190	34,502	SH		SOLE		32,227	0	2,275
VANGUARD SMALL CAP VALUE	COM	922908611	2,698	27,312	SH		SOLE		25,397	0	1,915
VANGUARD US TOTAL Equity MARKE	COM	922908769	1,018	9,763	SH		SOLE		3,078	0	6,685