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
Amaya Inc.	COM	bt8j595	79,444	3,820,400	SH		SOLE		3,820,400	0	0
Canadian Natural Resources	COM	2171573	10,166	472,330	SH		SOLE		472,330	0	0
21Vianet Group, Inc.	COM	90138a103	2,307	127,674	SH		SOLE		127,674	0	0
3D Systems Corp	COM	88554d205	3,289	252,400	SH		SOLE		252,400	0	0
AP Alternative Assets LP	COM	b15y0c5	21,019	576,034	SH		SOLE		576,034	0	0
Accretive Health Inc	COM	00438v103	3,054	1,122,700	SH		SOLE		1,122,700	0	0
Active Power	COM	00504w308	29	15,074	SH		SOLE		15,074	0	0
Alico	COM	016230104	25,259	596,581	SH		SOLE		596,581	0	0
Ambarella, Inc.	COM	g037ax101	1,917	26,200	SH		SOLE		26,200	0	0
American Axle	COM	024061103	63,280	3,280,470	SH		SOLE		3,280,470	0	0
American International Group,	COM	026874784	44,605	750,300	SH		SOLE		750,300	0	0
American Superconductor Corp	COM	030111207	205	41,465	SH		SOLE		41,465	0	0
Apollo Global Management, LLC	COM	037612306	79,240	4,168,344	SH		SOLE		4,168,344	0	0
Arrow Electronics Inc	COM	042735100	35,633	644,000	SH		SOLE		644,000	0	0
Avnet Inc	COM	053807103	7,402	177,200	SH		SOLE		177,200	0	0
Aware	COM	05453n100	78	24,600	SH		SOLE		24,600	0	0
Baidu, Inc.	COM	056752108	50,136	336,300	SH		SOLE		336,300	0	0
Bancolombia S.A. Adr	COM	05968l102	20,937	614,700	SH		SOLE		614,700	0	0
Beazer Homes USA, Inc.	COM	07556q881	26,913	1,595,300	SH		SOLE		1,595,300	0	0
Benefitfocus Inc	COM	08180d106	5,279	145,392	SH		SOLE		145,392	0	0
Berkshire Hathaway Inc	COM	084670702	90,235	682,820	SH		SOLE		682,820	0	0
Blackstone Group L.P.	COM	09253u108	41,850	1,250,000	SH		SOLE		1,250,000	0	0
Bloomin' Brands Inc.	COM	094235108	60,852	2,949,700	SH		SOLE		2,949,700	0	0
CDW Corporation of Delaware	COM	12514g108	13,007	331,400	SH		SOLE		331,400	0	0
CNO Financial Group, Inc.	COM	12621e103	28,907	1,630,400	SH		SOLE		1,630,400	0	0
Cameco Corp	COM	13321l108	22,071	1,604,000	SH		SOLE		1,604,000	0	0
Capital One Financial Co	COM	14040H105	171,111	2,246,730	SH		SOLE		2,246,730	0	0
Capstone Turbine	COM	14067d102	2,161	5,494,862	SH		SOLE		5,494,862	0	0
Celanese Corp	COM	150870103	320,663	5,339,940	SH		SOLE		5,339,940	0	0
China Lodging Group Ltd.	COM	16949n109	46,872	1,828,097	SH		SOLE		1,828,097	0	0
Ciena Corporation	COM	171779309	216	9,408	SH		SOLE		9,408	0	0
Cigna Corp	COM	125509109	74,832	528,400	SH		SOLE		528,400	0	0
Citigroup Inc.	COM	172967424	173,537	3,350,773	SH		SOLE		3,350,773	0	0
Cogentix Medical(Frmly Vision	COM	19243a104	24	15,360	SH		SOLE		15,360	0	0
Comcast Corporation	COM	20030n200	5,880	102,500	SH		SOLE		102,500	0	0
Constellium N.V.	COM	b9b3dx4	1,401	219,584	SH		SOLE		219,584	0	0
Cosi Inc.	COM	22122p200	330	305,676	SH		SOLE		305,676	0	0
Cutera	COM	232109108	501	33,600	SH		SOLE		33,600	0	0
DecisionPoint Systems Inc	COM	24345a101	2	35,165	SH		SOLE		35,165	0	0
Delta Airlines Inc	COM	247361702	221,330	4,911,890	SH		SOLE		4,911,890	0	0
Diamondback Energy Inc	COM	25278x109	11,132	166,200	SH		SOLE		166,200	0	0
Eastman Chemical Company	COM	277432100	24,848	348,700	SH		SOLE		348,700	0	0
Eaton Corp PLC	COM	g29183103	19,750	357,200	SH		SOLE		357,200	0	0
Ebay	COM	278642103	24,988	924,100	SH		SOLE		924,100	0	0
Electronic Arts	COM	285512109	1,534	23,320	SH		SOLE		23,320	0	0
Emcore Corp	COM	290846104	189	27,612	SH		SOLE		27,612	0	0
Entegris Inc	COM	29362u104	213,778	15,765,330	SH		SOLE		15,765,330	0	0
Fairway Group Holdings Corp.	COM	30603d109	2,416	1,064,225	SH		SOLE		1,064,225	0	0
First Citizens BancShares, Inc	COM	31946m103	14,693	64,000	SH		SOLE		64,000	0	0
First Marblehead Corp	COM	320771207	208	55,349	SH		SOLE		55,349	0	0
First Solar Inc	COM	336433107	3,361	69,600	SH		SOLE		69,600	0	0
Flextronics	COM	y2573f102	72,253	6,874,700	SH		SOLE		6,874,700	0	0
FuelCell Energy, Inc.	COM	35952H106	249	290,100	SH		SOLE		290,100	0	0
Global Power Equipment	COM	37941p306	462	111,969	SH		SOLE		111,969	0	0
Goodrich Petroleum	COM	382410405	895	1,028,800	SH		SOLE		1,028,800	0	0
Google Inc. - Cl A	COM	02079k305	72,582	113,935	SH		SOLE		113,935	0	0
Google Inc. - Cl C	COM	02079k107	97,521	160,860	SH		SOLE		160,860	0	0
Grana y Montero SAA	COM	38500p208	3,912	914,005	SH		SOLE		914,005	0	0
Green Dot Corp	COM	39304d102	4,577	265,500	SH		SOLE		265,500	0	0
Installed Building Products In	COM	45780r101	47,259	1,754,877	SH		SOLE		1,754,877	0	0
Interoil Corporation	COM	460951106	16,271	482,100	SH		SOLE		482,100	0	0
JA Solar Hldgs	COM	466090206	117	14,520	SH		SOLE		14,520	0	0
JP Morgan Chase & Co	COM	46625H100	40,021	638,500	SH		SOLE		638,500	0	0
KKR & Co. L.P.	COM	48248m102	112,493	5,939,460	SH		SOLE		5,939,460	0	0
KVH Industries Inc	COM	482738101	7,567	711,228	SH		SOLE		711,228	0	0
Kior Inc	COM	497217109	1	266,500	SH		SOLE		266,500	0	0
LKQ Corporation	COM	501889208	29,981	987,200	SH		SOLE		987,200	0	0
Linn Energy LLC	COM	536020100	937	265,400	SH		SOLE		265,400	0	0
LinnCo LLC	COM	535782106	3,682	1,248,000	SH		SOLE		1,248,000	0	0
Live Nation Entertainment, Inc	COM	538034109	48,763	1,971,800	SH		SOLE		1,971,800	0	0
Luxfer Holdings PLC	COM	550678106	28,716	2,227,752	SH		SOLE		2,227,752	0	0
MDC Partners Inc.	COM	552697104	62,452	3,293,899	SH		SOLE		3,293,899	0	0
Magnum Hunter Resources Corp	COM	55973b102	53	70,450	SH		SOLE		70,450	0	0
Makemytrip Ltd.	COM	b552pc2	19,111	1,328,100	SH		SOLE		1,328,100	0	0
Market Vectors India Small-Cap	COM	57061r551	21,734	541,850	SH		SOLE		541,850	0	0
MasTec Inc.	COM	576323109	387	23,400	SH		SOLE		23,400	0	0
Metabolix	COM	591018882	775	370,753	SH		SOLE		370,753	0	0
Mistras Group, Inc.	COM	60649t107	15,375	1,101,385	SH		SOLE		1,101,385	0	0
NTELOS Holdings Corp	COM	67020q305	14,844	1,636,606	SH		SOLE		1,636,606	0	0
NeuroDerm Ltd.	COM	bshz401	13,090	566,649	SH		SOLE		566,649	0	0
New Oriental Education & Techn	COM	647581107	21,733	1,074,300	SH		SOLE		1,074,300	0	0
Novacopper Inc	COM	66988k102	328	673,155	SH		SOLE		673,155	0	0
Nutri Systems	COM	67069d108	1,174	42,100	SH		SOLE		42,100	0	0
Oclaro Inc	COM	67555n206	367	135,400	SH		SOLE		135,400	0	0
Oppenheimer Hldgs	COM	683797104	9,584	507,368	SH		SOLE		507,368	0	0
Overstock. com	COM	690370101	953	48,800	SH		SOLE		48,800	0	0
Pandora Media Inc.	COM	698354107	16,816	927,500	SH		SOLE		927,500	0	0
PayPal Holdings, Inc.	COM	70450y103	32,630	924,100	SH		SOLE		924,100	0	0
Penn West Petroleum Ltd.	COM	707887105	841	1,260,081	SH		SOLE		1,260,081	0	0
Ply Gem Holdings Inc.	COM	72941w100	17,936	1,295,949	SH		SOLE		1,295,949	0	0
Precision Castparts	COM	740189105	16,263	70,800	SH		SOLE		70,800	0	0
Priceline.com Incorporated	COM	741503403	37,608	30,320	SH		SOLE		30,320	0	0
Quiksilver, Inc.	COM	74838c106	1,261	2,748,700	SH		SOLE		2,748,700	0	0
REX American Resources Corpora	COM	761624105	6,204	123,800	SH		SOLE		123,800	0	0
Rocket Fuel Inc.	COM	773111109	268	44,616	SH		SOLE		44,616	0	0
SFX Entertainment Inc	COM	784178303	1,298	2,595,028	SH		SOLE		2,595,028	0	0
SPDR S&P Oil & Gas Expl & Prod	COM	78464a730	20,714	561,500	SH		SOLE		561,500	0	0
Sandridge Energy	COM	80007p307	5,550	11,120,467	SH		SOLE		11,120,467	0	0
SeaWorld Entertainment Inc	COM	81282v100	60,568	3,457,064	SH		SOLE		3,457,064	0	0
Seachange International	COM	811699107	245	38,180	SH		SOLE		38,180	0	0
Sigma Design	COM	826565103	630	61,000	SH		SOLE		61,000	0	0
Signature Group Holdings Inc	COM	75601w104	1,997	210,886	SH		SOLE		210,886	0	0
Silver Springs Network	COM	82817q103	1,729	149,700	SH		SOLE		149,700	0	0
Sinclair Broadcast Group, Inc.	COM	829226109	51,693	1,990,500	SH		SOLE		1,990,500	0	0
St Joe	COM	790148100	4,330	246,600	SH		SOLE		246,600	0	0
Stereotaxis	COM	85916j409	175	127,480	SH		SOLE		127,480	0	0
Stock Building Supply Holdings	COM	86101x104	10,047	548,437	SH		SOLE		548,437	0	0
Tarena International, Inc.	COM	876108101	4,776	562,575	SH		SOLE		562,575	0	0
Teradyne Inc	COM	880770102	12,416	689,400	SH		SOLE		689,400	0	0
The Chemours Company	COM	163851108	44,896	4,781,230	SH		SOLE		4,781,230	0	0
The Fresh Market, Inc.	COM	35804h106	16,756	773,600	SH		SOLE		773,600	0	0
The Hartford Financial Service	COM	416515104	25,782	562,930	SH		SOLE		562,930	0	0
The Marcus Corporation	COM	566330106	13,178	695,039	SH		SOLE		695,039	0	0
The Ryland Group, Inc.	COM	783764103	23,429	535,400	SH		SOLE		535,400	0	0
Time Warner Inc	COM	887317303	46,903	663,411	SH		SOLE		663,411	0	0
TopBuild Corp.	COM	89055f103	11,072	332,305	SH		SOLE		332,305	0	0
Towers Watson & Company	COM	891894107	14,945	126,000	SH		SOLE		126,000	0	0
Tuesday Morning	COM	899035505	16,777	2,123,717	SH		SOLE		2,123,717	0	0
USG Corporation	COM	903293405	14,941	489,400	SH		SOLE		489,400	0	0
Ultra Petroleum	COM	903914109	2,291	294,800	SH		SOLE		294,800	0	0
United Continental Holdings In	COM	910047109	371,329	6,486,090	SH		SOLE		6,486,090	0	0
United Insurance Holdings Corp	COM	910710102	12,714	995,588	SH		SOLE		995,588	0	0
Valeant Pharmaceuticals Intern	COM	91911k102	17,638	77,200	SH		SOLE		77,200	0	0
Viad Corp	COM	92552r406	44,224	1,629,488	SH		SOLE		1,629,488	0	0
Voltari Corp	COM	92870x309	639	82,051	SH		SOLE		82,051	0	0
Walgreens Boots Alliance Inc	COM	931427108	13,539	153,400	SH		SOLE		153,400	0	0
WestRock Company (Frmly RockTe	COM	96145d105	35,357	602,132	SH		SOLE		602,132	0	0
Whiting Petroleum Corp	COM	966387102	13,125	719,200	SH		SOLE		719,200	0	0
William Lyon Homes	COM	552074700	22,671	978,898	SH		SOLE		978,898	0	0
Yahoo	COM	984332106	33,796	1,038,600	SH		SOLE		1,038,600	0	0
Yingli Green Energy Holding Co	COM	98584b103	1,664	2,227,263	SH		SOLE		2,227,263	0	0
Zix Corporation (Custom Tracks	COM	98974P100	724	163,860	SH		SOLE		163,860	0	0