GMT Capital 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
21Vianet Group, Inc.	COM	90138a103	12,928	732,074	SH		SOLE		732,074	0	0
Active Power	COM	00504w308	33	15,074	SH		SOLE		15,074	0	0
Alibaba Group Holding Ltd.	COM	01609w102	2,597	31,200	SH		SOLE		31,200	0	0
Alico	COM	016230104	30,581	596,581	SH		SOLE		596,581	0	0
American Axle	COM	024061103	84,735	3,280,470	SH		SOLE		3,280,470	0	0
American International Group,	COM	026874784	41,109	750,300	SH		SOLE		750,300	0	0
AP Alternative Assets LP	COM	b15y0c5	12,118	329,734	SH		SOLE		329,734	0	0
Apollo Global Management, LLC	COM	037612306	77,764	3,757,940	SH		SOLE		2,983,174	0	0
Arrow Electronics Inc	COM	042735100	22,846	373,600	SH		SOLE		373,600	0	0
Avnet Inc	COM	053807103	10,413	234,000	SH		SOLE		234,000	0	0
Aware	COM	05453n100	108	24,600	SH		SOLE		24,600	0	0
Baidu, Inc.	COM	056752108	65,646	315,000	SH		SOLE		315,000	0	0
Bancolombia S.A. Adr	COM	05968l102	10,061	255,800	SH		SOLE		255,800	0	0
Beazer Homes USA, Inc.	COM	07556q881	27,737	1,565,300	SH		SOLE		1,565,300	0	0
Benefitfocus Inc	COM	08180d106	5,603	152,292	SH		SOLE		152,292	0	0
Berkshire Hathaway Inc	COM	084670702	100,421	695,820	SH		SOLE		695,820	0	0
Blackstone Group L.P.	COM	09253u108	60,653	1,559,600	SH		SOLE		1,559,600	0	0
Bloomin' Brands Inc.	COM	094235108	41,619	1,710,600	SH		SOLE		1,710,600	0	0
Cameco Corp	COM	13321l108	14,833	1,064,800	SH		SOLE		1,064,800	0	0
Canadian Natural Resources	COM	2171573	18,308	597,130	SH		SOLE		597,130	0	0
Capital One Financial Co	COM	14040H105	179,783	2,280,930	SH		SOLE		2,280,930	0	0
CDW Corporation of Delaware	COM	12514g108	6,431	172,700	SH		SOLE		172,700	0	0
Celanese Corp	COM	150870103	313,370	5,609,920	SH		SOLE		5,609,920	0	0
China Lodging Group Ltd.	COM	16949n109	36,595	1,857,597	SH		SOLE		1,857,597	0	0
Cigna Corp	COM	125509109	69,419	536,300	SH		SOLE		536,300	0	0
Citigroup Inc.	COM	172967424	211,318	4,101,673	SH		SOLE		4,101,673	0	0
CNO Financial Group, Inc.	COM	12621e103	33,715	1,957,900	SH		SOLE		1,957,900	0	0
Comcast Corporation	COM	20030n200	5,747	102,500	SH		SOLE		102,500	0	0
Cosi Inc.	COM	22122p200	813	305,676	SH		SOLE		305,676	0	0
Cutera	COM	232109108	434	33,600	SH		SOLE		33,600	0	0
DecisionPoint Systems Inc	COM	24345a101	15	35,165	SH		SOLE		35,165	0	0
Delta Airlines Inc	COM	247361702	241,169	5,364,090	SH		SOLE		5,364,090	0	0
Diana Shipping Inc.	COM	y2066g104	9,729	1,589,734	SH		SOLE		1,589,734	0	0
Direct TV Com	COM	25490a309	61,851	726,800	SH		SOLE		726,800	0	0
Discovery Fincl Svcs	COM	254709108	13,817	245,200	SH		SOLE		245,200	0	0
Eastman Chemical Company	COM	277432100	31,375	453,000	SH		SOLE		453,000	0	0
Eaton Corp PLC	COM	g29183103	35,030	515,600	SH		SOLE		515,600	0	0
Ebay	COM	278642103	41,339	716,700	SH		SOLE		716,700	0	0
Electronic Arts	COM	285512109	1,372	23,320	SH		SOLE		23,320	0	0
Emcore Corp	COM	290846104	150	27,612	SH		SOLE		27,612	0	0
Emerald Oil Inc (formerly Voya	COM	29101u100	21	28,378	SH		SOLE		28,378	0	0
Entegris Inc	COM	29362u104	215,827	15,765,330	SH		SOLE		15,765,330	0	0
Entropic Communications Inc	COM	29384r105	55	18,700	SH		SOLE		18,700	0	0
First Citizens BancShares, Inc	COM	31946m103	8,310	32,000	SH		SOLE		32,000	0	0
First Solar Inc	COM	336433107	4,161	69,600	SH		SOLE		69,600	0	0
Flextronics	COM	y2573f102	107,508	8,481,900	SH		SOLE		8,481,900	0	0
Global Power Equipment	COM	37941p306	1,478	111,969	SH		SOLE		111,969	0	0
Google Inc. - Cl A	COM	38259p508	74,072	133,535	SH		SOLE		133,535	0	0
Google Inc. - Cl C	COM	38259p706	91,031	166,115	SH		SOLE		166,115	0	0
Green Dot Corp	COM	39304d102	4,227	265,500	SH		SOLE		265,500	0	0
Installed Building Products In	COM	45780r101	44,120	2,027,577	SH		SOLE		2,027,577	0	0
Interoil Corporation	COM	460951106	20,680	448,199	SH		SOLE		448,199	0	0
JA Solar Hldgs	COM	466090206	139	14,520	SH		SOLE		14,520	0	0
JP Morgan Chase & Co	COM	46625H100	46,374	765,500	SH		SOLE		765,500	0	0
Kior Inc	COM	497217109	2	266,500	SH		SOLE		266,500	0	0
KKR & Co. L.P.	COM	48248m102	37,030	1,623,400	SH		SOLE		5,913,860	0	0
KVH Industries Inc	COM	482738101	10,754	711,228	SH		SOLE		711,228	0	0
Lands' End, Inc.	COM	51509f105	240	6,684	SH		SOLE		6,684	0	0
Live Nation Entertainment, Inc	COM	538034109	46,305	1,835,300	SH		SOLE		1,835,300	0	0
LKQ Corporation	COM	501889208	24,982	977,400	SH		SOLE		977,400	0	0
Luxfer Holdings PLC	COM	550678106	32,770	2,451,018	SH		SOLE		2,451,018	0	0
Lydall, Inc.	COM	550819106	11,566	364,634	SH		SOLE		364,634	0	0
Magnum Hunter Resources Corp	COM	55973b102	188	70,450	SH		SOLE		70,450	0	0
Market Vectors India Small-Cap	COM	57061r551	25,000	529,445	SH		SOLE		529,445	0	0
MDC Partners Inc.	COM	552697104	93,382	3,293,899	SH		SOLE		3,293,899	0	0
Meru Networks	COM	59047q103	537	372,596	SH		SOLE		372,596	0	0
Metabolix	COM	591018809	227	365,910	SH		SOLE		365,910	0	0
Michael Kors Holdings Limited	COM	g60754101	82,612	1,256,450	SH		SOLE		1,256,450	0	0
Mistras Group, Inc.	COM	60649t107	33,715	1,750,499	SH		SOLE		1,750,499	0	0
New Oriental Education & Techn	COM	647581107	10,491	473,200	SH		SOLE		473,200	0	0
Novacopper Inc	COM	66988k102	364	578,864	SH		SOLE		578,864	0	0
NTELOS Holdings Corp	COM	67020q305	8,153	1,698,606	SH		SOLE		1,698,606	0	0
Nutri Systems	COM	67069d108	841	42,100	SH		SOLE		42,100	0	0
Oppenheimer Hldgs	COM	683797104	14,597	622,216	SH		SOLE		622,216	0	0
Overstock. com	COM	690370101	1,182	48,800	SH		SOLE		48,800	0	0
Owens Corning Inc.	COM	690742101	1,992	45,900	SH		SOLE		45,900	0	0
Pandora Media Inc.	COM	698354107	15,534	958,300	SH		SOLE		958,300	0	0
Penn West Petroleum Ltd.	COM	707887105	2,079	1,260,081	SH		SOLE		1,260,081	0	0
Ply Gem Holdings Inc.	COM	72941w100	16,271	1,251,653	SH		SOLE		1,251,653	0	0
Precision Castparts	COM	740189105	17,745	84,500	SH		SOLE		84,500	0	0
Priceline.com Incorporated	COM	741503403	35,297	30,320	SH		SOLE		30,320	0	0
REX American Resources Corpora	COM	761624105	3,509	57,700	SH		SOLE		57,700	0	0
Rocket Fuel Inc.	COM	773111109	430	46,716	SH		SOLE		46,716	0	0
Rock-Tenn Co	COM	772739207	54,724	848,432	SH		SOLE		848,432	0	0
Sandridge Energy	COM	80007p307	17,540	9,853,945	SH		SOLE		9,853,945	0	0
SeaWorld Entertainment Inc	COM	81282v100	1,500	77,800	SH		SOLE		77,800	0	0
Sigma Design	COM	826565103	490	61,000	SH		SOLE		61,000	0	0
Signature Group Holdings Inc	COM	82670c209	1,408	229,365	SH		SOLE		229,365	0	0
Silver Springs Network	COM	82817q103	1,338	149,700	SH		SOLE		149,700	0	0
Sinclair Broadcast Group, Inc.	COM	829226109	4,737	150,800	SH		SOLE		150,800	0	0
Starwood Hotels & Resorts	COM	85590A401	2,655	31,800	SH		SOLE		31,800	0	0
Stereotaxis	COM	85916J102	239	116,431	SH		SOLE		116,431	0	0
Stock Building Supply Holdings	COM	86101x104	13,350	739,220	SH		SOLE		739,220	0	0
Teradyne Inc	COM	880770102	17,334	919,600	SH		SOLE		919,600	0	0
The Hartford Financial Service	COM	416515104	50,432	1,205,930	SH		SOLE		1,205,930	0	0
The Marcus Corporation	COM	566330106	14,797	695,039	SH		SOLE		695,039	0	0
The Ryland Group, Inc.	COM	783764103	32,977	676,600	SH		SOLE		676,600	0	0
Time Warner Inc	COM	887317303	56,018	663,411	SH		SOLE		663,411	0	0
Towers Watson & Company	COM	891894107	1,494	11,300	SH		SOLE		11,300	0	0
TRW Automotive Holdings Corp	COM	87264s106	132,059	1,259,500	SH		SOLE		1,259,500	0	0
United Continental Holdings In	COM	910047109	474,374	7,053,890	SH		SOLE		7,053,890	0	0
Valeant Pharmaceuticals Intern	COM	91911k102	18,213	91,700	SH		SOLE		91,700	0	0
Viad Corp	COM	92552r406	35,182	1,264,613	SH		SOLE		1,264,613	0	0
Vision Sciences Inc. Delaware	COM	927912105	27	76,800	SH		SOLE		76,800	0	0
Walgreens Boots Alliance Inc	COM	931427108	22,864	270,000	SH		SOLE		270,000	0	0
Whiting Petroleum Corp	COM	966387102	50,800	1,644,000	SH		SOLE		1,644,000	0	0
Yahoo	COM	984332106	46,150	1,038,600	SH		SOLE		1,038,600	0	0
Zix Corporation (Custom Tracks	COM	98974P100	644	163,860	SH		SOLE		163,860	0	0