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

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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
21Vianet Group, Inc.	COM	90138a103	3,178	154,874	SH		SOLE		154,874	0	0
Accretive Health Inc	COM	00438v103	4,092	744,028	SH		SOLE		744,028	0	0
Active Power	COM	00504w308	30	15,074	SH		SOLE		15,074	0	0
Alibaba Group Holding Ltd.	COM	01609w102	2,567	31,200	SH		SOLE		31,200	0	0
Alico	COM	016230104	27,061	596,581	SH		SOLE		596,581	0	0
American Axle	COM	024061103	68,595	3,280,470	SH		SOLE		3,280,470	0	0
American International Group,	COM	026874784	46,384	750,300	SH		SOLE		750,300	0	0
American Superconductor Corp	COM	030111207	217	41,465	SH		SOLE		41,465	0	0
AP Alternative Assets LP	COM	b15y0c5	17,316	461,765	SH		SOLE		461,765	0	0
Apollo Global Management, LLC	COM	037612306	66,077	2,983,174	SH		SOLE		3,890,044	0	0
Arrow Electronics Inc	COM	042735100	20,847	373,600	SH		SOLE		373,600	0	0
Avnet Inc	COM	053807103	7,285	177,200	SH		SOLE		177,200	0	0
Aware	COM	05453n100	99	24,600	SH		SOLE		24,600	0	0
Baidu, Inc.	COM	056752108	66,951	336,300	SH		SOLE		336,300	0	0
Bancolombia S.A. Adr	COM	05968l102	14,014	325,900	SH		SOLE		325,900	0	0
Beazer Homes USA, Inc.	COM	07556q881	31,826	1,595,300	SH		SOLE		1,595,300	0	0
Benefitfocus Inc	COM	08180d106	6,375	145,392	SH		SOLE		145,392	0	0
Berkshire Hathaway Inc	COM	084670702	94,708	695,820	SH		SOLE		695,820	0	0
Bloomin' Brands Inc.	COM	094235108	49,745	2,330,000	SH		SOLE		2,330,000	0	0
Cameco Corp	COM	13321l108	22,905	1,604,000	SH		SOLE		1,604,000	0	0
Canadian Natural Resources	COM	2171573	12,825	472,330	SH		SOLE		472,330	0	0
Capital One Financial Co	COM	14040H105	200,653	2,280,930	SH		SOLE		2,280,930	0	0
Capstone Turbine	COM	14067d102	2,257	5,494,862	SH		SOLE		5,494,862	0	0
CDW Corporation of Delaware	COM	12514g108	7,401	215,900	SH		SOLE		215,900	0	0
Celanese Corp	COM	150870103	388,306	5,402,140	SH		SOLE		5,402,140	0	0
China Lodging Group Ltd.	COM	16949n109	44,642	1,828,097	SH		SOLE		1,828,097	0	0
Ciena Corporation	COM	171779309	223	9,408	SH		SOLE		9,408	0	0
Cigna Corp	COM	125509109	74,131	457,600	SH		SOLE		457,600	0	0
Citigroup Inc.	COM	172967424	195,592	3,540,773	SH		SOLE		3,540,773	0	0
CNO Financial Group, Inc.	COM	12621e103	36,895	2,010,600	SH		SOLE		2,010,600	0	0
Cogentix Medical(Frmly Vision	COM	19243a104	25	15,360	SH		SOLE		15,360	0	0
Comcast Corporation	COM	20030n200	6,144	102,500	SH		SOLE		102,500	0	0
Cosi Inc.	COM	22122p200	614	305,676	SH		SOLE		305,676	0	0
Cutera	COM	232109108	520	33,600	SH		SOLE		33,600	0	0
DecisionPoint Systems Inc	COM	24345a101	7	35,165	SH		SOLE		35,165	0	0
Delta Airlines Inc	COM	247361702	211,714	5,153,690	SH		SOLE		5,153,690	0	0
Diamondback Energy Inc	COM	25278x109	7,568	100,400	SH		SOLE		100,400	0	0
Diana Shipping Inc.	COM	y2066g104	209	29,649	SH		SOLE		29,649	0	0
Direct TV Com	COM	25490a309	60,137	648,100	SH		SOLE		648,100	0	0
Eastman Chemical Company	COM	277432100	28,531	348,700	SH		SOLE		348,700	0	0
Eaton Corp PLC	COM	g29183103	28,420	421,100	SH		SOLE		421,100	0	0
Ebay	COM	278642103	52,824	876,900	SH		SOLE		876,900	0	0
Electronic Arts	COM	285512109	1,551	23,320	SH		SOLE		23,320	0	0
Emcore Corp	COM	290846104	166	27,612	SH		SOLE		27,612	0	0
Entegris Inc	COM	29362u104	229,701	15,765,330	SH		SOLE		15,765,330	0	0
Fairway Group Holdings Corp.	COM	30603d109	3,789	1,064,225	SH		SOLE		1,064,225	0	0
First Citizens BancShares, Inc	COM	31946m103	14,204	54,000	SH		SOLE		54,000	0	0
First Marblehead Corp	COM	320771207	319	55,349	SH		SOLE		55,349	0	0
First Solar Inc	COM	336433107	3,270	69,600	SH		SOLE		69,600	0	0
Flextronics	COM	y2573f102	89,420	7,906,300	SH		SOLE		7,906,300	0	0
FuelCell Energy, Inc.	COM	35952H106	283	290,100	SH		SOLE		290,100	0	0
Global Power Equipment	COM	37941p306	869	111,969	SH		SOLE		111,969	0	0
Goodrich Petroleum	COM	382410405	1,914	1,028,800	SH		SOLE		1,028,800	0	0
Google Inc. - Cl A	COM	38259p508	63,906	118,335	SH		SOLE		118,335	0	0
Google Inc. - Cl C	COM	38259p706	83,729	160,860	SH		SOLE		160,860	0	0
Grana y Montero SAA	COM	38500p208	2,184	311,063	SH		SOLE		311,063	0	0
Green Dot Corp	COM	39304d102	5,076	265,500	SH		SOLE		265,500	0	0
Installed Building Products In	COM	45780r101	49,635	2,027,577	SH		SOLE		2,027,577	0	0
Interoil Corporation	COM	460951106	29,022	482,100	SH		SOLE		482,100	0	0
JA Solar Hldgs	COM	466090206	124	14,520	SH		SOLE		14,520	0	0
JP Morgan Chase & Co	COM	46625H100	46,185	681,600	SH		SOLE		681,600	0	0
Kior Inc	COM	497217109	1	266,500	SH		SOLE		266,500	0	0
KKR & Co. L.P.	COM	48248m102	35,798	1,566,600	SH		SOLE		5,792,460	0	0
KVH Industries Inc	COM	482738101	9,566	711,228	SH		SOLE		711,228	0	0
LinnCo LLC	COM	535782106	2,124	224,800	SH		SOLE		224,800	0	0
Live Nation Entertainment, Inc	COM	538034109	50,452	1,835,300	SH		SOLE		1,835,300	0	0
LKQ Corporation	COM	501889208	32,208	1,064,900	SH		SOLE		1,064,900	0	0
Luxfer Holdings PLC	COM	550678106	28,961	2,227,752	SH		SOLE		2,227,752	0	0
Magnum Hunter Resources Corp	COM	55973b102	132	70,450	SH		SOLE		70,450	0	0
Makemytrip Ltd.	COM	b552pc2	9,809	498,400	SH		SOLE		498,400	0	0
Market Vectors India Small-Cap	COM	57061r551	22,942	541,850	SH		SOLE		541,850	0	0
MDC Partners Inc.	COM	552697104	64,890	3,293,899	SH		SOLE		3,293,899	0	0
Meru Networks	COM	59047q103	604	372,596	SH		SOLE		372,596	0	0
Metabolix	COM	591018882	1,390	370,753	SH		SOLE		370,753	0	0
Michael Kors Holdings Limited	COM	g60754101	39,129	929,650	SH		SOLE		929,650	0	0
Mistras Group, Inc.	COM	60649t107	28,759	1,515,252	SH		SOLE		1,515,252	0	0
New Oriental Education & Techn	COM	647581107	25,763	1,050,700	SH		SOLE		1,050,700	0	0
Novacopper Inc	COM	66988k102	337	673,155	SH		SOLE		673,155	0	0
NTELOS Holdings Corp	COM	67020q305	7,561	1,636,606	SH		SOLE		1,636,606	0	0
Nutri Systems	COM	67069d108	1,047	42,100	SH		SOLE		42,100	0	0
Oclaro Inc	COM	67555n206	306	135,400	SH		SOLE		135,400	0	0
Oppenheimer Hldgs	COM	683797104	16,352	622,216	SH		SOLE		622,216	0	0
Overstock. com	COM	690370101	1,100	48,800	SH		SOLE		48,800	0	0
Pandora Media Inc.	COM	698354107	14,413	927,500	SH		SOLE		927,500	0	0
Penn West Petroleum Ltd.	COM	707887105	2,180	1,260,081	SH		SOLE		1,260,081	0	0
Ply Gem Holdings Inc.	COM	72941w100	14,757	1,251,653	SH		SOLE		1,251,653	0	0
Precision Castparts	COM	740189105	14,151	70,800	SH		SOLE		70,800	0	0
Priceline.com Incorporated	COM	741503403	34,910	30,320	SH		SOLE		30,320	0	0
REX American Resources Corporation	COM	761624105	7,879	123,800	SH		SOLE		123,800	0	0
Rocket Fuel Inc.	COM	773111109	366	44,616	SH		SOLE		44,616	0	0
Rock-Tenn Co	COM	772739207	36,248	602,132	SH		SOLE		602,132	0	0
Sandridge Energy	COM	80007p307	9,753	11,120,467	SH		SOLE		11,120,467	0	0
Seachange International	COM	811699107	268	38,180	SH		SOLE		38,180	0	0
SeaWorld Entertainment Inc	COM	81282v100	48,642	2,637,864	SH		SOLE		2,637,864	0	0
SFX Entertainment Inc	COM	784178303	10,530	2,345,128	SH		SOLE		2,345,128	0	0
Sigma Design	COM	826565103	728	61,000	SH		SOLE		61,000	0	0
Signature Group Holdings Inc	COM	75601w104	2,394	210,886	SH		SOLE		210,886	0	0
Silver Springs Network	COM	82817q103	1,858	149,700	SH		SOLE		149,700	0	0
Sinclair Broadcast Group, Inc.	COM	829226109	14,524	520,400	SH		SOLE		520,400	0	0
St Joe	COM	790148100	3,830	246,600	SH		SOLE		246,600	0	0
Stereotaxis	COM	85916j409	184	127,480	SH		SOLE		127,480	0	0
Stock Building Supply Holdings	COM	86101x104	10,080	515,618	SH		SOLE		515,618	0	0
Teradyne Inc	COM	880770102	13,299	689,400	SH		SOLE		689,400	0	0
The Hartford Financial Service	COM	416515104	23,401	562,930	SH		SOLE		562,930	0	0
The Marcus Corporation	COM	566330106	13,331	695,039	SH		SOLE		695,039	0	0
The Ryland Group, Inc.	COM	783764103	31,522	679,800	SH		SOLE		679,800	0	0
Time Warner Inc	COM	887317303	57,989	663,411	SH		SOLE		663,411	0	0
Ultra Petroleum	COM	903914109	3,691	294,800	SH		SOLE		294,800	0	0
United Continental Holdings In	COM	910047109	358,994	6,772,190	SH		SOLE		6,772,190	0	0
United Insurance Holdings Corp	COM	910710102	1,490	95,900	SH		SOLE		95,900	0	0
USG Corporation	COM	903293405	3,796	136,600	SH		SOLE		136,600	0	0
Valeant Pharmaceuticals Intern	COM	91911k102	17,150	77,200	SH		SOLE		77,200	0	0
Viad Corp	COM	92552r406	42,896	1,582,288	SH		SOLE		1,582,288	0	0
Voltari Corp	COM	92870x309	464	82,051	SH		SOLE		82,051	0	0
Walgreens Boots Alliance Inc	COM	931427108	12,953	153,400	SH		SOLE		153,400	0	0
Whiting Petroleum Corp	COM	966387102	45,783	1,362,600	SH		SOLE		1,362,600	0	0
William Lyon Homes	COM	552074700	13,294	517,900	SH		SOLE		517,900	0	0
Yahoo	COM	984332106	40,807	1,038,600	SH		SOLE		1,038,600	0	0
Yingli Green Energy Holding Co	COM	98584b103	2,740	2,227,263	SH		SOLE		2,227,263	0	0
Zix Corporation (Custom Tracks)	COM	98974P100	847	163,860	SH		SOLE		163,860	0	0