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	2,405	13,733	SH		SOLE		13,333	0	400
ABBVIE INC	COM	00287Y109	2,177	35,164	SH		SOLE		30,678	0	4,486
ABERDEEN ASIA-PACIFIC PRIME IN	COM	003009107	63	12,650	SH		SOLE		12,650	0	0
ACCENTURE LTD	COM	G1151C101	842	7,436	SH		SOLE		6,348	0	1,088
ADOBE SYSTEMS INC	COM	00724F101	1,900	19,830	SH		SOLE		17,029	0	2,801
AFLAC INC	COM	001055102	10,216	141,571	SH		SOLE		125,321	0	16,250
AIR LEASE CORP	COM	00912X302	1,543	57,615	SH		SOLE		49,215	0	8,400
ALASKA AIR GROUP INC	COM	011659109	1,029	17,647	SH		SOLE		15,087	0	2,560
ALLSTATE CORP	COM	020002101	9,687	138,487	SH		SOLE		129,662	0	8,825
ALPHABET INC CL A	COM	02079K305	7,581	10,776	SH		SOLE		10,519	0	257
ALPHABET INC CL C	COM	02079K107	9,329	13,479	SH		SOLE		12,558	0	921
ALTRIA GROUP INC	COM	02209S103	1,956	28,363	SH		SOLE		24,599	0	3,764
AMAZON.COM INC	COM	023135106	5,923	8,277	SH		SOLE		7,240	0	1,037
AMERCO	COM	023586100	1,688	4,508	SH		SOLE		3,848	0	660
AMERICAN AIRLINES GROUP INC	COM	02376R102	1,519	53,662	SH		SOLE		53,567	0	95
AMERICAN EXPRESS	COM	025816109	400	6,585	SH		SOLE		6,455	0	130
AMERICAN FINANCIAL GROUP INC	COM	025932104	4,422	59,813	SH		SOLE		52,193	0	7,620
AMERICAN INTERNATIONAL GROUP	COM	026874784	607	11,477	SH		SOLE		11,477	0	0
AMERIPRISE FINANCIAL INC	COM	03076C106	4,382	48,772	SH		SOLE		43,042	0	5,730
AMERISOURCEBERGEN CORP	COM	03073E105	377	4,749	SH		SOLE		4,056	0	693
AMGEN INC	COM	031162100	2,697	17,728	SH		SOLE		15,200	0	2,528
AMTRUST FINANCIAL SERVICES INC	COM	032359309	316	12,911	SH		SOLE		11,025	0	1,886
ANTHEM INC	COM	036752103	3,682	28,036	SH		SOLE		24,636	0	3,400
APACHE CORP	COM	037411105	2,012	36,139	SH		SOLE		36,139	0	0
APPLE COMPUTER	COM	037833100	28,089	293,817	SH		SOLE		273,387	0	20,430
ARCHER-DANIELS-MIDLAND COMPANY	COM	039483102	4,047	94,356	SH		SOLE		82,421	0	11,935
ARTHUR J GALLAGHER & CO	COM	363576109	986	20,715	SH		SOLE		17,694	0	3,021
AT&T INC	COM	00206R102	13,842	320,338	SH		SOLE		291,473	0	28,865
ATMOS ENERGY CORP	COM	049560105	2,312	28,435	SH		SOLE		24,865	0	3,570
AUTOMATIC DATA PROCESSING INC	COM	053015103	2,706	29,455	SH		SOLE		29,455	0	0
AUTONATION INC	COM	05329W102	1,241	26,421	SH		SOLE		22,565	0	3,856
AUTOZONE INC	COM	053332102	338	426	SH		SOLE		426	0	0
BANK OF AMERICA CORPORATION	COM	060505104	9,627	725,503	SH		SOLE		685,418	0	40,085
BANK OF NEW YORK MELLON CORP	COM	064058100	924	23,794	SH		SOLE		20,506	0	3,288
BECTON DICKINSON & CO	COM	075887109	2,245	13,239	SH		SOLE		11,305	0	1,934
BEMIS COMPANY INC	COM	081437105	5,122	99,469	SH		SOLE		86,409	0	13,060
BERKSHIRE HATHAWAY INC-CL B	COM	084670702	11,402	78,750	SH		SOLE		69,350	0	9,400
BGC Partners Inc	COM	05541T101	357	41,009	SH		SOLE		41,009	0	0
BIG LOTS INC	COM	089302103	557	11,108	SH		SOLE		11,108	0	0
BIOGEN IDEC INC	COM	09062X103	1,931	7,987	SH		SOLE		6,840	0	1,147
BOEING COMPANY	COM	097023105	9,585	73,804	SH		SOLE		72,643	0	1,161
BOOZ ALLEN HAMILTON HOLDINGS	COM	099502106	2,547	85,947	SH		SOLE		74,974	0	10,973
BOSTON SCIENTIFIC CORP	COM	101137107	560	23,960	SH		SOLE		23,960	0	0
BRINKER INTERNATIONAL	COM	109641100	771	16,924	SH		SOLE		14,457	0	2,467
BRISTOL MYERS-SQUIBB CO	COM	110122108	567	7,710	SH		SOLE		6,710	0	1,000
BROADCOM LTD	COM	Y09827109	4,894	31,490	SH		SOLE		31,490	0	0
BROADRIDGE FINANCIAL SOLUTIONS	COM	11133T103	1,328	20,368	SH		SOLE		17,394	0	2,974
C. H. ROBINSON WORLDWIDE INC	COM	12541W209	972	13,097	SH		SOLE		11,187	0	1,910
CA INC	COM	12673P105	429	13,080	SH		SOLE		13,080	0	0
CAPITAL ONE FINANCIAL CORPORAT	COM	14040H105	6,877	108,289	SH		SOLE		94,464	0	13,825
CARDINAL HEALTH INC	COM	14149Y108	890	11,409	SH		SOLE		9,744	0	1,665
CASEY'S GENERAL STORES INC	COM	147528103	503	3,823	SH		SOLE		3,823	0	0
CBRE GROUP INC	COM	12504L109	889	33,590	SH		SOLE		29,680	0	3,910
CDK GLOBAL INC	COM	12508E101	471	8,489	SH		SOLE		8,489	0	0
CDW CORP	COM	12514G108	910	22,704	SH		SOLE		19,395	0	3,309
CELGENE CORP	COM	151020104	5,799	58,794	SH		SOLE		57,610	0	1,184
CENTENE CORP	COM	15135B101	1,015	14,223	SH		SOLE		12,168	0	2,055
CENTURYTEL INC	COM	156700106	3,514	121,141	SH		SOLE		105,296	0	15,845
CHARLES RIVER LABORATORIES	COM	159864107	954	11,568	SH		SOLE		9,878	0	1,690
CHARLES SCHWAB CORPORATION	COM	808513105	222	8,775	SH		SOLE		8,775	0	0
CHEVRON CORP	COM	166764100	14,214	135,592	SH		SOLE		124,418	0	11,174
CHIPOTLE MEXICAN GRILL INC	COM	169656105	3,094	7,682	SH		SOLE		7,682	0	0
CIGNA CORPORATION	COM	125509109	10,802	84,401	SH		SOLE		79,731	0	4,670
CISCO SYSTEMS INC	COM	17275R102	15,480	539,559	SH		SOLE		509,224	0	30,335
CITIGROUP INC	COM	172967424	8,990	212,087	SH		SOLE		195,637	0	16,450
CITRIX SYSTEMS INC	COM	177376100	694	8,669	SH		SOLE		7,408	0	1,261
CLEARSIGN COMBUSTION CORP	COM	185064102	163	32,454	SH		SOLE		32,454	0	0
CMS ENERGY CORP	COM	125896100	6,134	133,747	SH		SOLE		114,992	0	18,755
COCA COLA COMPANY	COM	191216100	12,066	266,191	SH		SOLE		243,133	0	23,058
COGNIZANT TECHNOLOGY SOLUTIONS	COM	192446102	2,542	44,407	SH		SOLE		38,942	0	5,465
COMCAST CORP CL A	COM	20030N101	19,267	295,556	SH		SOLE		272,639	0	22,917
CONOCOPHILLIPS	COM	20825C104	7,080	162,375	SH		SOLE		154,835	0	7,540
CONSTELLATION BRANDS INC	COM	21036P108	1,776	10,738	SH		SOLE		9,268	0	1,470
CONVERGYS CORP	COM	212485106	372	14,874	SH		SOLE		14,874	0	0
CORELOGIC INC	COM	21871D103	679	17,641	SH		SOLE		15,060	0	2,581
CORRECTIONS CORP OF AMERICA	COM	22025Y407	238	6,809	SH		SOLE		6,809	0	0
COSTCO WHOLESALE CORPORATION	COM	22160K105	7,971	50,755	SH		SOLE		50,755	0	0
CREDIT ACCEPTANCE	COM	225310101	398	2,149	SH		SOLE		1,835	0	314
CSG SYSTEMS INTL INC	COM	126349109	265	6,585	SH		SOLE		6,585	0	0
CSX CORPORATION	COM	126408103	9,509	364,603	SH		SOLE		343,698	0	20,905
CVS CORPORATION	COM	126650100	17,470	182,476	SH		SOLE		165,510	0	16,966
DANAHER CORP	COM	235851102	963	9,537	SH		SOLE		8,171	0	1,366
DARDEN RESTAURANTS INC	COM	237194105	832	13,136	SH		SOLE		11,220	0	1,916
DEERE & CO	COM	244199105	779	9,613	SH		SOLE		9,613	0	0
DELTA AIR LINES INC	COM	247361702	6,113	167,788	SH		SOLE		161,248	0	6,540
DOLLAR GENERAL CORP	COM	256677105	3,353	35,668	SH		SOLE		31,060	0	4,608
DONNELLEY R R & SONS CO COM	COM	257867101	2,646	156,397	SH		SOLE		133,517	0	22,880
DOW CHEMICAL CO	COM	260543103	5,451	109,655	SH		SOLE		96,350	0	13,305
DU PONT E I DE NEMOURS & CO	COM	263534109	762	11,754	SH		SOLE		11,754	0	0
DUKE ENERGY CORPORATION	COM	26441C204	436	5,077	SH		SOLE		5,077	0	0
EASTMAN CHEMICAL CO.	COM	277432100	900	13,250	SH		SOLE		11,313	0	1,937
EMC CORP-MASS	COM	268648102	11,772	433,283	SH		SOLE		398,883	0	34,400
ENERGY SELECT SECTOR SPDR FUND	COM	81369Y506	2,134	31,271	SH		SOLE		31,271	0	0
EQUINIX INC	COM	29444U700	1,138	2,934	SH		SOLE		2,505	0	429
ESTEE LAUDER COMPANIES CL A	COM	518439104	215	2,365	SH		SOLE		2,365	0	0
EXACTECH INC	COM	30064E109	304	11,366	SH		SOLE		11,366	0	0
EXELON CORP	COM	30161N101	5,002	137,560	SH		SOLE		121,860	0	15,700
EXPEDIA INC	COM	30212P303	1,176	11,065	SH		SOLE		9,451	0	1,614
EXPRESS SCRIPTS HOLDING COMPAN	COM	30219G108	1,826	24,090	SH		SOLE		20,715	0	3,375
EXTENDED STAY AMERICA INC	COM	30224P200	346	23,171	SH		SOLE		23,171	0	0
EXXON MOBIL CORPORATION	COM	30231G102	26,690	284,725	SH		SOLE		264,025	0	20,700
FACEBOOK INC	COM	30303M102	8,300	72,627	SH		SOLE		65,127	0	7,500
FEDEX CORPORATION	COM	31428X106	9,479	62,456	SH		SOLE		60,810	0	1,646
FINANCIAL SELECT SECTOR SPDR	COM	81369Y605	1,095	47,929	SH		SOLE		47,929	0	0
FIRST HORIZON NATIONAL CORPORA	COM	320517105	753	54,628	SH		SOLE		54,628	0	0
FLUOR CORPORATION	COM	343412102	1,250	25,362	SH		SOLE		25,362	0	0
FORD MOTOR COMPANY	COM	345370860	9,912	788,563	SH		SOLE		748,848	0	39,715
FREEPORT McMORAN COPPER & GOLD	COM	35671D857	1,215	109,027	SH		SOLE		109,027	0	0
GENERAL ELECTRIC COMPANY	COM	369604103	17,856	567,232	SH		SOLE		523,284	0	43,948
GENERAL MOTORS CO	COM	37045V100	4,546	160,630	SH		SOLE		140,560	0	20,070
GENTEX CORP	COM	371901109	3,385	219,086	SH		SOLE		190,242	0	28,844
GILEAD SCIENCES INC	COM	375558103	8,592	102,996	SH		SOLE		97,736	0	5,260
GLAXOSMITHKLINE PLC ADR	COM	37733W105	657	15,160	SH		SOLE		15,160	0	0
GLOBAL PAYMENTS INC	COM	37940X102	956	13,400	SH		SOLE		11,455	0	1,945
GRAPHIC PACKAGING HOLDING CO	COM	388689101	4,576	364,922	SH		SOLE		330,322	0	34,600
GTX INC	COM	40052B108	8	14,234	SH		SOLE		14,234	0	0
HALLIBURTON COMPANY	COM	406216101	1,628	35,956	SH		SOLE		35,956	0	0
HANESBRANDS INC	COM	410345102	1,207	48,018	SH		SOLE		41,003	0	7,015
HARRIS CORP DEL	COM	413875105	832	9,977	SH		SOLE		8,524	0	1,453
HASBRO INC	COM	418056107	1,898	22,596	SH		SOLE		19,296	0	3,300
HCA HOLDINGS INC	COM	40412C101	4,274	55,502	SH		SOLE		49,372	0	6,130
HD SUPPLY HOLDINGS INC	COM	40416M105	518	14,884	SH		SOLE		14,884	0	0
HEWLETT PACKARD ENTERPRISE CO	COM	42824C109	205	11,237	SH		SOLE		11,237	0	0
HOLLYFRONTIER CORP	COM	436106108	5,272	221,781	SH		SOLE		208,981	0	12,800
HOME DEPOT INC	COM	437076102	4,297	33,649	SH		SOLE		29,029	0	4,620
HONEYWELL INTERNATIONAL INC	COM	438516106	3,451	29,665	SH		SOLE		25,540	0	4,125
HUMANA INC	COM	444859102	4,515	25,102	SH		SOLE		25,102	0	0
INGREDION INC	COM	457187102	7,650	59,114	SH		SOLE		51,599	0	7,515
INTEL CORPORATION	COM	458140100	11,481	350,016	SH		SOLE		305,381	0	44,635
INTERACTIVE BROKERS GROUP	COM	45841N107	384	10,849	SH		SOLE		9,264	0	1,585
INTERCONTINENTAL EXCHANGE GROU	COM	45866F104	2,141	8,366	SH		SOLE		7,151	0	1,215
INTERNATIONAL BUSINESS MACHINE	COM	459200101	306	2,014	SH		SOLE		2,014	0	0
INTERNATIONAL PAPER	COM	460146103	5,365	126,591	SH		SOLE		109,492	0	17,099
INVESTCO LIMITED	COM	G491BT108	2,786	109,085	SH		SOLE		109,085	0	0
JABIL CIRCUIT INC	COM	466313103	1,342	72,675	SH		SOLE		62,075	0	10,600
JETBLUE AIRWAYS CORP	COM	477143101	3,392	204,850	SH		SOLE		179,450	0	25,400
JOHNSON & JOHNSON	COM	478160104	23,098	190,417	SH		SOLE		176,752	0	13,665
JP MORGAN CHASE & CO	COM	46625H100	22,598	363,658	SH		SOLE		341,248	0	22,410
KELLOGG CO	COM	487836108	496	6,075	SH		SOLE		6,075	0	0
KINDER MORGAN INC	COM	49456B101	296	15,809	SH		SOLE		15,809	0	0
KRAFT HEINZ COMPANY	COM	500754106	6,294	71,139	SH		SOLE		62,214	0	8,925
KROGER COMPANY	COM	501044101	887	24,116	SH		SOLE		20,837	0	3,279
LEAR CORP	COM	521865204	465	4,568	SH		SOLE		3,918	0	650
LENNAR CORP	COM	526057104	5,475	118,753	SH		SOLE		118,753	0	0
LINCOLN NATIONAL CORP	COM	534187109	3,247	83,747	SH		SOLE		73,057	0	10,690
LOCKHEED MARTIN CORPORATION	COM	539830109	1,063	4,284	SH		SOLE		3,716	0	568
LOWE'S COMPANIES INC	COM	548661107	8,827	111,492	SH		SOLE		109,791	0	1,701
Lydall Inc	COM	550819106	210	5,444	SH		SOLE		5,444	0	0
MACY'S INC	COM	55616P104	6,868	204,343	SH		SOLE		193,098	0	11,245
MARATHON OIL CORP	COM	565849106	4,603	306,677	SH		SOLE		269,092	0	37,585
MASCO CORP	COM	574599106	418	13,507	SH		SOLE		13,507	0	0
McDONALD'S CORPORATION	COM	580135101	466	3,870	SH		SOLE		3,360	0	510
McKESSON HBOC INC	COM	58155Q103	1,348	7,223	SH		SOLE		6,167	0	1,056
MEDNAX INC	COM	58502B106	1,746	24,100	SH		SOLE		20,595	0	3,505
MEDTRONIC PLC	COM	G5960L103	2,593	29,880	SH		SOLE		29,880	0	0
MERCK & COMPANY	COM	58933Y105	34,274	594,938	SH		SOLE		579,903	0	15,035
METLIFE INC	COM	59156R108	9,661	242,566	SH		SOLE		229,971	0	12,595
MICHAEL KORS HOLDINGS LTD	COM	G60754101	392	7,919	SH		SOLE		7,919	0	0
MICRON TECHNOLOGY INC	COM	595112103	1,973	143,376	SH		SOLE		125,136	0	18,240
MICROSOFT CORPORATION	COM	594918104	28,232	551,736	SH		SOLE		523,376	0	28,360
MIDDLEBY CORP	COM	596278101	1,024	8,886	SH		SOLE		7,588	0	1,298
MOHAWK IND INC	COM	608190104	872	4,596	SH		SOLE		3,926	0	670
MONDELEZ INTERNATIONAL INC	COM	609207105	6,607	145,173	SH		SOLE		145,173	0	0
MURPHY OIL CORP	COM	626717102	2,260	71,172	SH		SOLE		63,137	0	8,035
MYLAN NV	COM	N59465109	887	20,504	SH		SOLE		17,534	0	2,970
National Interstate Corp	COM	63654U100	206	6,800	SH		SOLE		6,800	0	0
NETFLIX INC	COM	64110L106	297	3,250	SH		SOLE		3,250	0	0
NEXTERA ENERGY INC	COM	65339F101	672	5,156	SH		SOLE		5,156	0	0
NORFOLK SOUTHERN CORP	COM	655844108	4,580	53,800	SH		SOLE		46,900	0	6,900
NORTHROP GRUMMAN CORP	COM	666807102	2,629	11,829	SH		SOLE		10,349	0	1,480
NVR INC	COM	62944T105	1,456	818	SH		SOLE	��	696	0	122
OCCIDENTAL PETROLEUM CORP	COM	674599105	2,277	30,130	SH		SOLE		26,530	0	3,600
ORACLE CORPORATION	COM	68389X105	8,407	205,404	SH		SOLE		182,274	0	23,130
PACKAGING CORP	COM	695156109	594	8,871	SH		SOLE		8,871	0	0
PAYPAL HOLDINGS INC	COM	70450Y103	5,918	162,088	SH		SOLE		157,368	0	4,720
PEPSICO INC	COM	713448108	10,512	99,229	SH		SOLE		98,002	0	1,227
PERNIX THERAPEUTICS HOLDINGS I	COM	71426V108	18	41,000	SH		SOLE		41,000	0	0
PFIZER INC	COM	717081103	10,877	308,905	SH		SOLE		281,830	0	27,075
PG&E CORP	COM	69331C108	4,906	76,753	SH		SOLE		66,468	0	10,285
PHILIP MORRIS INTL INC	COM	718172109	8,103	79,660	SH		SOLE		69,760	0	9,900
PHILLIPS 66	COM	718546104	3,060	38,568	SH		SOLE		33,868	0	4,700
PINNACLE WEST CAPITAL	COM	723484101	8,569	105,707	SH		SOLE		92,767	0	12,940
PPG INDUSTRIES INC	COM	693506107	1,109	10,651	SH		SOLE		9,097	0	1,554
PROCTER & GAMBLE COMPANY	COM	742718109	16,043	189,478	SH		SOLE		178,278	0	11,200
PUBLIC SEVICE ENTERPRISE GP	COM	744573106	4,971	106,648	SH		SOLE		93,258	0	13,390
QUALCOMM INC	COM	747525103	4,302	80,298	SH		SOLE		80,298	0	0
QUEST DIAGNOSTICS INC	COM	74834L100	2,762	33,928	SH		SOLE		30,333	0	3,595
QUINTILES TRANSITIONALl HOLD	COM	74876Y101	206	3,147	SH		SOLE		3,147	0	0
RAYMOND JAMES FINANCIAL INC	COM	754730109	4,470	90,666	SH		SOLE		79,291	0	11,375
RAYTHEON COMPANY	COM	755111507	4,626	34,029	SH		SOLE		29,764	0	4,265
RE/MAX Holdings Inc	COM	75524W108	202	5,015	SH		SOLE		5,015	0	0
REALOGY CORP COM	COM	75605Y106	344	11,840	SH		SOLE		10,110	0	1,730
REGAL ENTERTAINMENT GROUP	COM	758766109	1,692	76,751	SH		SOLE		65,523	0	11,228
REGIONS FINANCIAL CORP	COM	7591EP100	537	63,063	SH		SOLE		63,063	0	0
REINSURANCE GROUP OF AMERICA	COM	759351604	5,529	57,007	SH		SOLE		49,722	0	7,285
RENASANT CORP	COM	75970E107	237	7,337	SH		SOLE		7,337	0	0
REPUBLIC SERVICE INC.	COM	760759100	665	12,962	SH		SOLE		12,962	0	0
RESONANT INC	COM	76118L102	46	10,439	SH		SOLE		10,439	0	0
REYNOLDS AMERICAN INC	COM	761713106	4,110	76,210	SH		SOLE		71,723	0	4,487
ROSS STORES INC	COM	778296103	667	11,773	SH		SOLE		11,773	0	0
S&P GLOBAL INC	COM	78409V104	846	7,892	SH		SOLE		6,737	0	1,155
SABRE CORP	COM	78573M104	860	32,087	SH		SOLE		27,396	0	4,691
SCHLUMBERGER LTD	COM	806857108	5,254	66,444	SH		SOLE		66,444	0	0
SCRIPPS NETWORKS INTERACTIVE	COM	811065101	455	7,310	SH		SOLE		6,260	0	1,050
SHERWIN WILLIAMS CO	COM	824348106	1,379	4,696	SH		SOLE		4,012	0	684
SIMON PROPERTY GROUP INC	COM	828806109	749	3,452	SH		SOLE		2,947	0	505
SLM CORP	COM	78442P106	189	30,580	SH		SOLE		30,580	0	0
SOUTHWEST AIRLINES CO	COM	844741108	576	14,679	SH		SOLE		14,649	0	30
Spark Energy Inc	COM	846511103	388	11,744	SH		SOLE		11,744	0	0
SPECTRUM BRANDS INC	COM	84763R101	1,491	12,499	SH		SOLE		10,674	0	1,825
STARBUCKS CORP	COM	855244109	1,671	29,259	SH		SOLE		25,190	0	4,069
SUNTRUST BANKS INC	COM	867914103	9,607	233,871	SH		SOLE		207,896	0	25,975
SUPERIOR INDUSTRIES INTL	COM	868168105	373	13,927	SH		SOLE		13,927	0	0
SYKES ENTERPRISES INC	COM	871237103	285	9,841	SH		SOLE		9,841	0	0
SYNCHRONY FINANCIAL	COM	87165B103	7,328	289,876	SH		SOLE		282,556	0	7,320
TC PIPELINES LP	COM	87233Q108	300	5,235	SH		SOLE		5,235	0	0
THE AES CORPORATION	COM	00130H105	3,679	294,796	SH		SOLE		256,051	0	38,745
THERMO FISHER SCIENTIFIC INC	COM	883556102	5,734	38,808	SH		SOLE		38,808	0	0
THOR INDUSTRIES INC	COM	885160101	867	13,386	SH		SOLE		11,431	0	1,955
TIME WARNER INC	COM	887317303	2,383	32,400	SH		SOLE		28,925	0	3,475
TOPBUILD CORP	COM	89055F103	355	9,795	SH		SOLE		8,365	0	1,430
TORCHMARK CORP	COM	891027104	5,139	83,131	SH		SOLE		71,931	0	11,200
TORO CO	COM	891092108	1,106	12,538	SH		SOLE		10,707	0	1,831
TRANSDIGM GROUP INC	COM	893641100	1,028	3,899	SH		SOLE		3,333	0	566
TWENTY-FIRST CENTURY FOX - B	COM	90130A200	2,492	91,449	SH		SOLE		88,344	0	3,105
TWENTY-FIRST CENTURY FOX INC	COM	90130A101	2,004	74,081	SH		SOLE		74,081	0	0
TWITTER INC	COM	90184L102	404	23,874	SH		SOLE		20,385	0	3,489
TYSON FOODS INC-CL A	COM	902494103	1,556	23,291	SH		SOLE		20,473	0	2,818
UNITED TECHNOLOGIES CORP	COM	913017109	9,528	92,914	SH		SOLE		84,914	0	8,000
UNITEDHEALTH GROUP INC	COM	91324P102	2,502	17,717	SH		SOLE		15,175	0	2,542
UNIVERSAL INSURANCE HOLDINGS I	COM	91359V107	1,059	57,000	SH		SOLE		57,000	0	0
US BANCORP	COM	902973304	8,780	217,695	SH		SOLE		201,895	0	15,800
USG CORP	COM	903293405	1,184	43,927	SH		SOLE		37,503	0	6,424
VALERO ENERGY CORP	COM	91913Y100	3,944	77,334	SH		SOLE		67,204	0	10,130
VERIZON COMMUNICATIONS	COM	92343V104	15,462	276,890	SH		SOLE		253,359	0	23,531
VISA INC	COM	92826C839	8,275	111,570	SH		SOLE		104,487	0	7,083
VODAFONE GROUP PLC SP ADR	COM	92857W308	407	13,173	SH		SOLE		13,173	0	0
VWR CORPORATION	COM	91843L103	209	7,233	SH		SOLE		7,233	0	0
WAL MART STORES INC	COM	931142103	306	4,197	SH		SOLE		4,197	0	0
WALGREENS BOOTS ALLIANCE INC	COM	931427108	214	2,575	SH		SOLE		2,575	0	0
WALT DISNEY COMPANY	COM	254687106	7,250	74,115	SH		SOLE		69,065	0	5,050
WEC ENERGY GROUP INC	COM	92939U106	268	4,111	SH		SOLE		4,111	0	0
WELLS FARGO COMPANY	COM	949746101	8,352	176,469	SH		SOLE		155,469	0	21,000
WHIRLPOOL CORP	COM	963320106	1,580	9,480	SH		SOLE		8,095	0	1,385
ZOETIS INC	COM	98978V103	907	19,111	SH		SOLE		19,111	0	0
AEGON	ADR	007924103	329	82,128	SH		SOLE		80,548	0	1,580
ANHEUSER-BUSCH INBEV	ADR	03524A108	3,679	27,942	SH		SOLE		27,342	0	600
ARCELORMITTAL	ADR	03938L104	208	44,735	SH		SOLE		43,480	0	1,255
AUTOLIV	ADR	052800109	463	4,305	SH		SOLE		4,305	0	0
BAIDU INC	ADR	056752108	714	4,325	SH		SOLE		4,250	0	75
BARRICK GOLD CORP	ADR	067901108	1,118	52,358	SH		SOLE		51,213	0	1,145
BP PLC	ADR	055622104	1,503	42,316	SH		SOLE		41,661	0	655
BRITISH TELECOMMUNICATIONS P	ADR	05577E101	2,692	96,676	SH		SOLE		94,606	0	2,070
BROADCOM LTD	ADR	Y09827109	1,132	7,287	SH		SOLE		6,896	0	391
CHICAGO BRIDGE & IRON	ADR	167250109	1,566	45,216	SH		SOLE		44,016	0	1,200
COPA HOLDINGS SA	ADR	P31076105	342	6,545	SH		SOLE		6,380	0	165
CREDIT SUISSE GROUP	ADR	225401108	731	68,346	SH		SOLE		67,163	0	1,183
CRH PLC ADR	ADR	12626K203	930	31,451	SH		SOLE		30,771	0	680
DEUTSCHE BANK AG	ADR	D18190898	545	39,722	SH		SOLE		38,942	0	780
DIAGEO	ADR	25243Q205	1,430	12,669	SH		SOLE		12,379	0	290
GLAXO SMITHKLINE PLC	ADR	37733W105	2,742	63,267	SH		SOLE		62,067	0	1,200
HONDA MOTOR CO. LTD.	ADR	438128308	2,109	83,256	SH		SOLE		81,566	0	1,690
ING GROEP NV ADR	ADR	456837103	948	91,756	SH		SOLE		90,501	0	1,255
INTERCONTINENTAL HOTELS ADR	ADR	45857P608	1,501	40,026	SH		SOLE		39,032	0	994
INVESCO LTD	ADR	G491BT108	687	26,888	SH		SOLE		26,103	0	785
ISHARES MSCI EMERGING MKT IN	ADR	464287234	850	24,725	SH		SOLE		23,855	0	870
KONINKLIJKE PHILIPS NV	ADR	500472303	2,063	82,705	SH		SOLE		81,180	0	1,525
KYOCERA CORP ADR	ADR	501556203	3,002	62,994	SH		SOLE		61,794	0	1,200
L.M. ERICSSON SPONSORED ADR	ADR	294821608	390	50,745	SH		SOLE		50,745	0	0
MARINE HARVEST ASA	ADR	56824R205	247	14,600	SH		SOLE		14,300	0	300
NATIONAL GRID PLC	ADR	636274300	922	12,409	SH		SOLE		12,124	0	285
NEWS CORP - CLASS B	ADR	65249B208	392	33,624	SH		SOLE		32,849	0	775
NIPPON TELEGRAPH AND TELEPHONE	ADR	654624105	1,860	39,501	SH		SOLE		38,846	0	655
PETROLEO BRASILEIRO S.A. ADR	ADR	71654V408	568	79,387	SH		SOLE		78,027	0	1,360
PRUDENTIAL PLC-ADR	ADR	74435K204	662	19,459	SH		SOLE		18,954	0	505
ROYAL CARIBBEAN CRUISES LTD	ADR	V7780T103	1,812	26,987	SH		SOLE		26,362	0	625
SAP SE	ADR	803054204	2,204	29,377	SH		SOLE		28,662	0	715
SENSATA TECHNOLOGIES HOLDING	ADR	N7902X106	469	13,451	SH		SOLE		13,146	0	305
SMITH & NEPHEW PLC	ADR	83175M205	646	18,824	SH		SOLE		18,389	0	435
SONY CORP	ADR	835699307	2,570	87,555	SH		SOLE		86,030	0	1,525
STMICROELECTRONICS NV-NY SHS	ADR	861012102	1,296	220,097	SH		SOLE		215,137	0	4,960
TENARIS SA-ADR	ADR	88031M109	1,338	46,409	SH		SOLE		45,484	0	925
UBS GROUP AG	ADR	H42097107	1,246	96,151	SH		SOLE		93,216	0	2,935
UNILEVER N V	ADR	904784709	3,911	83,327	SH		SOLE		81,367	0	1,960
VODAFONE GROUP PLC SP ADR	ADR	92857W308	1,056	34,188	SH		SOLE		33,639	0	549
XL GROUP PLC	ADR	G98290102	1,400	42,039	SH		SOLE		41,384	0	655
ALERIAN MLP ETF	COM	00162Q866	1,217	95,641	SH		SOLE		95,641	0	0
COHEN & STEERS REALTY MAJORS I	COM	464287564	1,651	15,260	SH		SOLE		15,260	0	0
CORE S&P 500	COM	464287200	16,623	78,967	SH		SOLE		78,967	0	0
CORE S&P MIDCAP	COM	464287507	856	5,727	SH		SOLE		5,727	0	0
CORE S&P SMALLCAP 600 INDEX	COM	464287804	435	3,742	SH		SOLE		3,742	0	0
i SHARES RUSSELL 2000 INDEX FU	COM	464287655	701	6,097	SH		SOLE		6,097	0	0
i SHARES RUSSELL 2000 INDEX FU	COM	464287655	89	774	SH		OTR		774	0	0
iSHARES CORE MSCI EAFE ETF	COM	46432F842	18,499	356,495	SH		SOLE		356,495	0	0
iSHARES CORE MSCI EMERGING MAR	COM	46434G103	1,347	32,203	SH		SOLE		32,203	0	0
iSHARES DJ SELECT DIVIDEND IND	COM	464287168	6,620	77,629	SH		SOLE		77,629	0	0
iSHARES DOW JONES EPAC DIVIDEN	COM	464288448	227	7,939	SH		SOLE		7,939	0	0
iSHARES DOW JONES U.S. TELECOM	COM	464287713	248	7,450	SH		SOLE		7,450	0	0
iSHARES DOW JONES U.S. UTILITI	COM	464287697	340	2,593	SH		SOLE		2,593	0	0
iSHARES EDGE MSCI EMERGING MKT	COM	464286533	1,162	22,519	SH		SOLE		22,519	0	0
iSHARES MSCI ACWI INDEX FUND	COM	464288257	1,633	29,033	SH		SOLE		29,033	0	0
iSHARES MSCI BRIC INDEX FUND	COM	464286657	290	9,481	SH		SOLE		9,481	0	0
iSHARES MSCI EAFE GROWTH INDEX	COM	464288885	1,388	21,216	SH		SOLE		21,216	0	0
ISHARES MSCI PACIFIC EX JAPAN	COM	464286665	283	7,215	SH		SOLE		7,215	0	0
ISHARES MSCI USA MINIMUM VOL	COM	46429B697	7,277	157,484	SH		SOLE		157,484	0	0
iSHARES RUSSELL 1000 ETG	COM	464287622	330	2,825	SH		SOLE		2,825	0	0
iSHARES S&P 100 INDEX FUND	COM	464287101	2,911	31,339	SH		SOLE		31,339	0	0
iSHARES S&P GSCI COMMODITY IND	COM	46428R107	507	32,676	SH		SOLE		32,676	0	0
iSHARES S&P MIDCAP 400 VALUE I	COM	464287705	1,295	10,117	SH		SOLE		10,117	0	0
iSHARES S&P MIDCAP GROWTH INDE	COM	464287606	1,730	10,230	SH		SOLE		10,230	0	0
MSCI EAFE INDEX	COM	464287465	3,562	63,820	SH		SOLE		63,820	0	0
MSCI EMERGING MARKETS INDEX	COM	464287234	240	6,992	SH		SOLE		6,992	0	0
QUANTSHARES US MARKET NEUT ANT	COM	351680707	3,811	163,905	SH		SOLE		163,905	0	0
RUSSELL 1000 GROWTH INDEX	COM	464287614	7,224	71,985	SH		SOLE		71,985	0	0
RUSSELL 1000 VALUE INDEX	COM	464287598	3,522	34,122	SH		SOLE		34,122	0	0
RUSSELL 2000 GROWTH INDEX	COM	464287648	1,573	11,464	SH		SOLE		11,464	0	0
RUSSELL 2000 VALUE INDEX	COM	464287630	683	7,023	SH		SOLE		7,023	0	0
RUSSELL MIDCAP GROWTH INDEX	COM	464287481	2,056	21,971	SH		SOLE		21,971	0	0
RUSSELL MIDCAP INDEX	COM	464287499	392	2,331	SH		SOLE		2,331	0	0
RUSSELL MIDCAP INDEX	COM	464287499	79	468	SH		OTR		468	0	0
RUSSELL MIDCAP VALUE INDEX	COM	464287473	1,338	18,015	SH		SOLE		18,015	0	0
RUSSELL MIDCAP VALUE INDEX	COM	464287473	14	193	SH		OTR		193	0	0
S&P 500 DEPOSITARY RECEIPTS	COM	78462F103	2,544	12,147	SH		SOLE		12,147	0	0
SCHWAB US BROAD MARKET ETF	COM	808524102	1,246	24,771	SH		SOLE		24,771	0	0
VANGUARD DIVIDEND APP INDEX FU	COM	921908844	928	11,154	SH		SOLE		11,154	0	0
VANGUARD EMERGING MARKETS ETF	COM	922042858	385	10,939	SH		SOLE		10,939	0	0
VANGUARD FTSE ALL WORLD US SMA	COM	922042718	243	2,614	SH		SOLE		2,614	0	0
VANGUARD FTSE DEVELOPED MARKET	COM	921943858	1,192	33,717	SH		SOLE		33,717	0	0
VANGUARD GROWTH ETF	COM	922908736	3,002	28,000	SH		SOLE		28,000	0	0
VANGUARD HEALTH CARE	COM	92204A504	225	1,723	SH		SOLE		1,723	0	0
VANGUARD MID CAP GROWTH INDEX	COM	922908538	4,128	40,515	SH		SOLE		40,515	0	0
VANGUARD MID CAP VALUE INDEX F	COM	922908512	2,198	24,673	SH		SOLE		24,673	0	0
VANGUARD REIT ETF	COM	922908553	482	5,441	SH		SOLE		5,441	0	0
VANGUARD SMALL CAP GROWTH ETF	COM	922908595	3,533	28,514	SH		SOLE		28,514	0	0
VANGUARD SMALL CAP VALUE	COM	922908611	3,608	34,257	SH		SOLE		34,257	0	0
VANGUARD US TOTAL Equity MARKE	COM	922908769	2,728	25,455	SH		SOLE		25,455	0	0