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	41,095	2,692,734	SH		SOLE		2,692,734	0	0
Canadian Natural Resources	COM	2171573	14,113	459,822	SH		SOLE		459,822	0	0
Gran Tierra Energy, Inc.	COM	B2PPCS5	53,575	16,031,700	SH		SOLE		16,031,700	0	0
HudBay Minerals, Inc.	COM	B05BDX1	15,803	3,326,400	SH		SOLE		3,326,400	0	0
3D Systems Corp	COM	88554D205	3,303	241,300	SH		SOLE		241,300	0	0
AMC Networks Inc.	COM	00164V103	15,951	264,000	SH		SOLE		264,000	0	0
AP Alternative Assets LP	COM	B15Y0C5	18,028	640,442	SH		SOLE		640,442	0	0
AU Optronics Corp.	COM	002255107	2,686	769,700	SH		SOLE		769,700	0	0
Accretive Health Inc	COM	00438V103	2,224	1,111,800	SH		SOLE		1,111,800	0	0
Active Power	COM	00504W308	6	15,074	SH		SOLE		15,074	0	0
Alico	COM	016230104	17,596	581,681	SH		SOLE		581,681	0	0
American Axle	COM	024061103	49,004	3,384,270	SH		SOLE		3,384,270	0	0
American International Group,	COM	026874784	40,011	756,500	SH		SOLE		756,500	0	0
American Superconductor Corp	COM	030111207	923	109,406	SH		SOLE		109,406	0	0
Apollo Global Management, LLC	COM	037612306	48,118	3,176,141	SH		SOLE		6,865,033	0	0
Arrow Electronics Inc	COM	042735100	63,181	1,020,700	SH		SOLE		1,020,700	0	0
Aware	COM	05453N100	107	24,600	SH		SOLE		24,600	0	0
BMC Stock Holdings Inc	COM	86101X104	16,190	908,510	SH		SOLE		908,510	0	0
Baidu, Inc.	COM	056752108	53,218	322,240	SH		SOLE		322,240	0	0
Bancolombia S.A. Adr	COM	05968L102	26,385	755,572	SH		SOLE		755,572	0	0
Beazer Homes USA, Inc.	COM	07556Q881	12,364	1,595,300	SH		SOLE		1,595,300	0	0
Benefitfocus Inc	COM	08180D106	5,542	145,392	SH		SOLE		145,392	0	0
Berkshire Hathaway Inc	COM	084670702	97,056	670,320	SH		SOLE		670,320	0	0
Biogen Inc.	COM	09062X103	47,131	194,900	SH		SOLE		194,900	0	0
Bitauto Holdings Ltd.	COM	091727107	2,691	99,800	SH		SOLE		99,800	0	0
Blackberry Ltd	COM	09228F103	393	58,600	SH		SOLE		58,600	0	0
Bloomin' Brands Inc.	COM	094235108	13,002	727,600	SH		SOLE		727,600	0	0
BofI Holding, Inc.	COM	05566U108	3,366	190,040	SH		SOLE		190,040	0	0
Briggs and Stratton	COM	109043109	16,317	770,400	SH		SOLE		770,400	0	0
Brocade Communications System	COM	111621306	2,845	309,945	SH		SOLE		309,945	0	0
CDW Corporation of Delaware	COM	12514G108	50,196	1,252,400	SH		SOLE		1,252,400	0	0
CalAtlantic Group, Inc.	COM	128195104	37,327	1,016,794	SH		SOLE		1,016,794	0	0
Capital One Financial Co	COM	14040H105	132,401	2,084,730	SH		SOLE		2,084,730	0	0
Capstone Turbine	COM	14067D102	379	274,742	SH		SOLE		274,742	0	0
Cavium Inc.	COM	14964U108	9,225	239,000	SH		SOLE		239,000	0	0
Celanese Corp	COM	150870103	325,962	4,980,320	SH		SOLE		4,980,320	0	0
Centene Corporation	COM	15135B101	51,665	723,900	SH		SOLE		723,900	0	0
Chefs' Warehouse Inc.	COM	163086101	4,846	302,877	SH		SOLE		302,877	0	0
China Lodging Group Ltd.	COM	16949N109	50,320	1,381,285	SH		SOLE		1,381,285	0	0
Cigna Corp	COM	125509109	93,509	730,600	SH		SOLE		730,600	0	0
Citigroup Inc.	COM	172967424	133,078	3,139,373	SH		SOLE		3,139,373	0	0
Coeur D' Alene Mines Corp	COM	192108504	69,679	6,536,489	SH		SOLE		6,536,489	0	0
Cogentix Medical(Frmly Vision	COM	19243A104	21	21,860	SH		SOLE		21,860	0	0
Conoco Phillips	COM	20825C104	8,960	205,500	SH		SOLE		205,500	0	0
Cosi Inc.	COM	22122P200	153	305,676	SH		SOLE		305,676	0	0
Cutera	COM	232109108	377	33,600	SH		SOLE		33,600	0	0
DXP Enterprises, Inc.	COM	233377407	16,813	1,126,136	SH		SOLE		1,126,136	0	0
DecisionPoint Systems Inc	COM	24345A101	1	35,165	SH		SOLE		35,165	0	0
Delta Airlines Inc	COM	247361702	156,485	4,295,490	SH		SOLE		4,295,490	0	0
Eastman Chemical Company	COM	277432100	24,661	363,200	SH		SOLE		363,200	0	0
Electronic Arts	COM	285512109	1,767	23,320	SH		SOLE		23,320	0	0
Emcore Corp	COM	290846104	163	27,405	SH		SOLE		27,405	0	0
Entegris Inc	COM	29362U104	225,180	15,561,830	SH		SOLE		15,561,830	0	0
FTD Companies, Inc.	COM	30281V108	16,678	668,200	SH		SOLE		668,200	0	0
Fairway Group Holdings Corp.	COM	30603D109	68	1,046,637	SH		SOLE		1,046,637	0	0
Financial Engines Inc	COM	317485100	536	20,700	SH		SOLE		20,700	0	0
First Citizens BancShares, Inc	COM	31946M103	8,987	34,710	SH		SOLE		34,710	0	0
First Marblehead Corp	COM	320771207	269	55,349	SH		SOLE		55,349	0	0
First Solar Inc	COM	336433107	3,374	69,600	SH		SOLE		69,600	0	0
Flextronics	COM	Y2573F102	97,194	8,236,800	SH		SOLE		8,236,800	0	0
Gamestop Corp	COM	36467W109	2,551	95,980	SH		SOLE		95,980	0	0
Global Power Equipment	COM	37941P306	238	111,969	SH		SOLE		111,969	0	0
Gogo Inc	COM	38046C109	435	51,900	SH		SOLE		51,900	0	0
Goodrich Petroleum	COM	382410405	31	1,024,400	SH		SOLE		1,024,400	0	0
Google Inc. - Cl A	COM	02079K305	76,147	108,235	SH		SOLE		108,235	0	0
Google Inc. - Cl C	COM	02079K107	115,795	167,309	SH		SOLE		167,309	0	0
Helix Energy Solutions Corp	COM	42330P107	10,156	1,502,423	SH		SOLE		1,502,423	0	0
Ingevity Corporation	COM	45688C107	4,417	129,748	SH		SOLE		129,748	0	0
Installed Building Products In	COM	45780R101	46,073	1,269,572	SH		SOLE		1,269,572	0	0
Interoil Corporation	COM	460951106	9,160	203,552	SH		SOLE		203,552	0	0
InvenSense Inc.	COM	46123D205	638	104,000	SH		SOLE		104,000	0	0
JA Solar Hldgs	COM	466090206	99	14,520	SH		SOLE		14,520	0	0
JP Morgan Chase & Co	COM	46625H100	31,306	503,800	SH		SOLE		503,800	0	0
KKR & Co. L.P.	COM	48248M102	17,108	1,386,400	SH		SOLE		6,196,060	0	0
KVH Industries Inc	COM	482738101	6,778	880,307	SH		SOLE		880,307	0	0
LKQ Corporation	COM	501889208	32,613	1,028,800	SH		SOLE		1,028,800	0	0
Lam Research Corp	COM	512807108	68,559	815,600	SH		SOLE		815,600	0	0
Linn Energy LLC	COM	536020100	23	253,800	SH		SOLE		253,800	0	0
Lions Gate Entertainment Corp	COM	535919203	4,349	215,000	SH		SOLE		215,000	0	0
Live Nation Entertainment, Inc	COM	538034109	66,054	2,810,800	SH		SOLE		2,810,800	0	0
Luxfer Holdings PLC	COM	550678106	24,858	2,066,355	SH		SOLE		2,066,355	0	0
MDC Partners Inc.	COM	552697104	57,985	3,170,299	SH		SOLE		3,170,299	0	0
MGM Resorts International	COM	552953101	11,621	513,500	SH		SOLE		513,500	0	0
Magnum Hunter Resources Corp	COM	55973B102	0	70,450	SH		SOLE		70,450	0	0
Makemytrip Ltd.	COM	B552PC2	21,667	1,458,092	SH		SOLE		1,458,092	0	0
Metabolix	COM	591018882	279	335,617	SH		SOLE		335,617	0	0
NeuroDerm Ltd.	COM	BSHZ401	7,792	479,491	SH		SOLE		479,491	0	0
New Oriental Education & Techn	COM	647581107	44,807	1,069,900	SH		SOLE		1,069,900	0	0
Newmont Mining Corporation	COM	651639106	16,125	412,200	SH		SOLE		412,200	0	0
Novacopper Inc	COM	66988K102	332	664,006	SH		SOLE		664,006	0	0
Nutri Systems	COM	67069D108	1,068	42,100	SH		SOLE		42,100	0	0
Oasis Petroleum Inc.,	COM	674215108	5,350	572,800	SH		SOLE		572,800	0	0
Oclaro Inc	COM	67555N206	661	135,400	SH		SOLE		135,400	0	0
OvaScience, Inc.	COM	69014Q101	2,330	447,245	SH		SOLE		447,245	0	0
Overstock. com	COM	690370101	786	48,800	SH		SOLE		48,800	0	0
Parkway Properties Inc	COM	70159Q104	3,480	208,000	SH		SOLE		208,000	0	0
PayPal Holdings, Inc.	COM	70450Y103	21,501	588,900	SH		SOLE		588,900	0	0
Penn Virginia Group	COM	707882502	85	1,635,200	SH		SOLE		1,635,200	0	0
Penn West Petroleum Ltd.	COM	707887105	1,752	1,260,081	SH		SOLE		1,260,081	0	0
Priceline.com Incorporated	COM	741503403	65,691	52,620	SH		SOLE		52,620	0	0
REX American Resources Corpora	COM	761624105	7,407	123,800	SH		SOLE		123,800	0	0
Ralph Lauren Corporation	COM	751212101	16,804	187,500	SH		SOLE		187,500	0	0
Red Robin Gourmet Burger	COM	75689M101	14,362	302,795	SH		SOLE		302,795	0	0
Rocket Fuel Inc.	COM	773111109	99	44,616	SH		SOLE		44,616	0	0
SEACOR Holdings Inc.	COM	811904101	42,921	740,657	SH		SOLE		740,657	0	0
SPDR S&P 500 ETF Trust	COM	78462F103	10,956	52,300	SH		SOLE		52,300	0	0
SPDR S&P Biotech ETF	COM	78464A870	20,880	386,100	SH		SOLE		386,100	0	0
Sandridge Energy	COM	80007P307	140	7,552,200	SH		SOLE		7,552,200	0	0
SeaWorld Entertainment Inc	COM	81282V100	44,503	3,105,564	SH		SOLE		3,105,564	0	0
Seachange International	COM	811699107	122	38,180	SH		SOLE		38,180	0	0
Sequenom Inc	COM	817337405	3,690	4,038,072	SH		SOLE		4,038,072	0	0
Sigma Design	COM	826565103	392	61,000	SH		SOLE		61,000	0	0
Signature Group Holdings Inc	COM	75601W104	1,131	145,580	SH		SOLE		145,580	0	0
Silver Springs Network	COM	82817Q103	1,819	149,700	SH		SOLE		149,700	0	0
Sinclair Broadcast Group, Inc.	COM	829226109	122,584	4,105,300	SH		SOLE		4,105,300	0	0
Sprint Corporation	COM	85207U105	3,187	703,600	SH		SOLE		703,600	0	0
St Joe	COM	790148100	3,480	196,374	SH		SOLE		196,374	0	0
Stereotaxis	COM	85916J409	125	127,480	SH		SOLE		127,480	0	0
Stillwater Mining Co	COM	86074Q102	45,587	3,843,800	SH		SOLE		3,843,800	0	0
Straight Path Communications I	COM	862578101	858	31,006	SH		SOLE		31,006	0	0
The Chemours Company	COM	163851108	70,120	8,509,668	SH		SOLE		8,509,668	0	0
The Habit Restaurants Inc	COM	40449J103	6,231	380,400	SH		SOLE		380,400	0	0
Time Warner Inc	COM	887317303	42,956	584,111	SH		SOLE		584,111	0	0
TopBuild Corp.	COM	89055F103	26,050	719,605	SH		SOLE		719,605	0	0
TrueBlue, Inc.	COM	89785X101	10,815	571,600	SH		SOLE		571,600	0	0
Twitter, Inc.	COM	90184L102	11,881	702,600	SH		SOLE		702,600	0	0
USG Corporation	COM	903293405	42,446	1,574,400	SH		SOLE		1,574,400	0	0
United Continental Holdings In	COM	910047109	219,243	5,342,190	SH		SOLE		5,342,190	0	0
United Insurance Holdings Corp	COM	910710102	14,010	855,310	SH		SOLE		855,310	0	0
VMWare, Inc.	COM	928563402	97,125	1,697,400	SH		SOLE		1,697,400	0	0
Viad Corp	COM	92552R406	59,420	1,916,781	SH		SOLE		1,916,781	0	0
Videocon d2h Limited	COM	92657J101	12,280	1,448,096	SH		SOLE		1,448,096	0	0
Voltari Corp	COM	92870X309	190	52,455	SH		SOLE		52,455	0	0
Walgreens Boots Alliance Inc	COM	931427108	19,785	237,600	SH		SOLE		237,600	0	0
WestRock Company (Frmly RockTe	COM	96145D105	35,315	908,532	SH		SOLE		908,532	0	0
William Lyon Homes	COM	552074700	77,913	4,833,317	SH		SOLE		4,833,317	0	0
Willis Towers Watson PLC	COM	G96629103	41,004	329,850	SH		SOLE		329,850	0	0
World Wrestling Entertainment,	COM	98156Q108	8,639	469,259	SH		SOLE		469,259	0	0
Zillow Inc. - A	COM	98954M101	4,145	113,090	SH		SOLE		113,090	0	0
Zillow Inc. - C	COM	98954M200	5,739	158,200	SH		SOLE		158,200	0	0
Zix Corporation (Custom Tracks	COM	98974P100	614	163,860	SH		SOLE		163,860	0	0
NZME Limited	COM	BD310N3	182	332,531	SH		SOLE		332,531	0	0