Glacier Peak 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
Ashford Inc	Common Stocks	044104107	4,530	69,902	SH		SOLE		69,902	0	0
Bank of America Corp	Common Stocks	060505104	4,186	148,500	SH		SOLE		148,500	0	0
Berkshire Hathaway Inc. Class B	Common Stocks	084670702	4,517	24,202	SH		SOLE		24,202	0	0
Colony Capital, Inc. Class A	Miscellaneous Equities	19626G108	212	34,000	SH		SOLE		34,000	0	0
Delta Air Lines, Inc.	Common Stocks	247361702	6,143	124,000	SH		SOLE		124,000	0	0
Diamond Offshore Drilling, Inc.	Common Stocks	25271C102	417	20,000	SH		SOLE		20,000	0	0
Eagle Bancorp Montana, Inc.	Common Stocks	26942G100	6,432	333,266	SH		SOLE		333,266	0	0
Ensco plc Class A	Common Stocks	G3157S106	987	135,900	SH		SOLE		135,900	0	0
Facebook, Inc. Class A	Common Stocks	30303M102	1,585	8,155	SH		SOLE		8,155	0	0
GDL Fund	Mutual Fund	361570104	715	77,884	SH		SOLE		77,884	0	0
VanEck Vectors Gold Miners ETF	Miscellaneous Equities	92189F106	9,168	410,919	SH		SOLE		410,919	0	0
VanEck Vectors Gold Miners ETF	Miscellaneous Equities	92189F106	1,341	60,100	SH	Call	SOLE		60,100	0	0
VanEck Vectors Junior Gold Miners ETF	Miscellaneous Equities	92189F791	4,480	137,000	SH		SOLE		137,000	0	0
Great Elm Capital Group, Inc.	Common Stocks	39036P209	3,493	970,199	SH		SOLE		970,199	0	0
Alphabet Inc. Class C	Common Stocks	02079K107	3,196	2,865	SH		SOLE		2,865	0	0
Halliburton Company	Common Stocks	406216101	4,326	96,000	SH		SOLE		96,000	0	0
Halcon Resources Corp	Common Stocks	40537Q605	296	67,500	SH	Call	SOLE		67,500	0	0
iShares NASDAQ Biotechnology ETF	Miscellaneous Equities	464287556	221	2,010	SH		SOLE		2,010	0	0
iShares Core MSCI Emerging Markets ETF	Miscellaneous Equities	46434G103	968	18,429	SH		SOLE		18,429	0	0
JPMorgan Chase & Co.	Common Stocks	46625H100	4,220	40,500	SH		SOLE		40,500	0	0
Kayne Anderson Acquisition Corp. Units	Common Stocks	48661U201	614	59,050	SH		SOLE		59,050	0	0
Kansas City Life Insurance Company	Common Stocks	484836200	6,709	167,725	SH		SOLE		167,725	0	0
Liberty Broadband Corp. Class A	Common Stocks	530307107	4,048	53,511	SH		SOLE		53,511	0	0
Liberty Global Plc Class C	Common Stocks	G5480U120	11,103	417,258	SH		SOLE		417,258	0	0
Liberty Latin America Ltd. Class C	Common Stocks	G9001E128	246	12,688	SH		SOLE		12,688	0	0
Loral Space & Communications Inc.	Common Stocks	543881106	4,612	122,663	SH		SOLE		122,663	0	0
Matlin and Partners Acq	Warrants	57682V106	121	178,185	SH		SOLE		178,185	0	0
McDermott International, Inc.	Common Stocks	580037703	1,965	100,000	SH	Call	SOLE		100,000	0	0
Noble Corporation plc	Common Stocks	G65431101	1,078	170,300	SH		SOLE		170,300	0	0
Och-Ziff Capital Management Group LLC Class A	Miscellaneous Equities	67551U105	6,685	3,463,584	SH		SOLE		3,463,584	0	0
Reading International, Inc. Class A	Common Stocks	755408101	937	58,736	SH		SOLE		58,736	0	0
Transocean Ltd.	Common Stocks	H8817H100	403	30,000	SH		SOLE		30,000	0	0
Schwab International Equity ETF	Miscellaneous Equities	808524805	1,802	54,532	SH		SOLE		54,532	0	0
Solaris Oilfield Infrastructure, Inc. Class A	Common Stocks	83418M103	904	63,278	SH		SOLE		63,278	0	0
Tencent Holdings Ltd. Unsponsored ADR	Common Stocks	88032Q109	6,030	120,000	SH		SOLE		120,000	0	0
Tidewater Inc	Common Stocks	88642R109	769	26,588	SH		SOLE		26,588	0	0
Unisys Corporation	Common Stocks	909214306	390	30,240	SH		SOLE		30,240	0	0
Vanguard Small-Cap ETF	Miscellaneous Equities	922908751	262	1,685	SH		SOLE		1,685	0	0
Vanguard Short-Term Corporate Bond ETF	Miscellaneous Equities	92206C409	2,162	27,687	SH		SOLE		27,687	0	0
Vanguard Mid-Cap ETF	Miscellaneous Equities	922908629	296	1,876	SH		SOLE		1,876	0	0
Vanguard Large-Cap ETF	Miscellaneous Equities	922908637	1,736	13,913	SH		SOLE		13,913	0	0
Volt Information Sciences, Inc.	Common Stocks	928703107	8,182	2,406,584	SH		SOLE		2,406,584	0	0
SPDR S&P Oil & Gas Equipment & Services ETF	Miscellaneous Equities	78464A748	8,028	473,336	SH		SOLE		473,336	0	0
Financial Select Sector SPDR Fund	Miscellaneous Equities	81369Y605	371	13,959	SH		SOLE		13,959	0	0
Yatra Online, Inc.	Common Stocks	G98338109	67	12,504	SH		SOLE		12,504	0	0