Gilman Hill Asset Management 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
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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
1 800 FLOWERS COM	CL A	68243Q106	290	8,994	SH		SOLE		8,994	0	0
3M CO	COM	88579Y101	304	9,100	SH		SOLE		9,100	0	0
ABBVIE INC	COM	00287Y109	268	850	SH		SOLE		850	0	0
ACCENTURE PLC IRELAND	SHS CLASS A	G1151C101	375	9,163	SH		SOLE		9,163	0	0
ACTIVISION BLIZZARD INC	COM	00507V109	423	1,325	SH		SOLE		1,325	0	0
AFFILIATED MANAGERS GROUP	COM	008252108	0	15,000	SH		SOLE		15,000	0	0
ALLIANCEBERNSTEIN INCOME FUN	COM	01881E101	147	19,500	SH		SOLE		19,500	0	0
AMAZON COM INC	COM	023135106	381	15,900	SH		SOLE		15,900	0	0
AMERICAN EXPRESS CO	COM	025816109	468	4,015	SH		SOLE		4,015	0	0
APPLIED MATLS INC	COM	038222105	185	16,535	SH		SOLE		16,535	0	0
AT&T INC	COM	00206R102	334	11,055	SH		SOLE		11,055	0	0
BAIDU INC	SPON ADR REP A	056752108	318	3,825	SH		SOLE		3,825	0	0
BANCO DE CHILE	SPONSORED ADR	059520106	393	1,632	SH		SOLE		1,632	0	0
BED BATH & BEYOND INC	COM	075896100	303	6,280	SH		SOLE		6,280	0	0
BLACKROCK INC	COM	09247X101	361	6,695	SH		SOLE		6,695	0	0
BOEING CO	COM	097023105	245	7,692	SH		SOLE		7,692	0	0
BOULDER TOTAL RETURN FD INC	COM	101541100	292	7,984	SH		SOLE		7,984	0	0
BRISTOL MYERS SQUIBB CO	COM	110122108	1,065	22,112	SH		SOLE		22,112	0	0
BUCKEYE PARTNERS L P	UNIT LTD PARTN	118230101	347	4,046	SH		SOLE		4,046	0	0
CALUMET SPECIALTY PRODS PTNR	UT LTD PARTNER	131476103	1,103	26,035	SH		SOLE		26,035	0	0
CANTEL MEDICAL CORP	COM	138098108	217	13,200	SH		SOLE		13,200	0	0
CAPITAL ONE FINL CORP	COM	14040H105	635	10,212	SH		SOLE		10,212	0	0
CATAMARAN CORP	COM	148887102	3,349	112,843	SH		SOLE		112,843	0	0
CBS CORP NEW	CL B	124857202	2,870	21,984	SH		SOLE		21,984	0	0
CEPHEID	COM	15670R107	2,746	37,016	SH		SOLE		37,016	0	0
CF INDS HLDGS INC	COM	125269100	8	14,369	SH		SOLE		14,369	0	0
CHURCH & DWIGHT INC	COM	171340102	3,450	74,570	SH		SOLE		74,570	0	0
CIENA CORP	COM NEW	171779309	650	37,080	SH		SOLE		37,080	0	0
CISCO SYS INC	COM	17275R102	491	19,385	SH		SOLE		19,385	0	0
CITIGROUP INC	COM NEW	172967424	218	28,664	SH		SOLE		28,664	0	0
CLECO CORP NEW	COM	12561W105	457	12,630	SH		SOLE		12,630	0	0
COCA COLA CO	COM	191216100	2,959	50,742	SH		SOLE		50,742	0	0
COGNIZANT TECHNOLOGY SOLUTIO	CL A	192446102	365	4,259	SH		SOLE		4,259	0	0
COMCAST CORP NEW	CL A	20030N101	811	23,002	SH		SOLE		23,002	0	0
CONSOLIDATED EDISON INC	COM	209115104	420	8,170	SH		SOLE		8,170	0	0
CORNING INC	COM	219350105	783	11,960	SH		SOLE		11,960	0	0
CORPORATE EXECUTIVE BRD CO	COM	21988R102	252	3,642	SH		SOLE		3,642	0	0
COSTCO WHSL CORP NEW	COM	22160K105	1,630	16,194	SH		SOLE		16,194	0	0
CREDIT SUISSE ASSET MGMT INC	COM	224916106	564	154,500	SH		SOLE		154,500	0	0
CREDIT SUISSE NASSAU BRH	EQL WGT MLP LKD	22542D852	1,622	45,378	SH		SOLE		45,378	0	0
CVS CAREMARK CORPORATION	COM	126650100	312	15,085	SH		SOLE		15,085	0	0
DEERE & CO	COM	244199105	288	3,202	SH		SOLE		3,202	0	0
DEVRY ED GROUP INC	COM	251893103	3,827	48,879	SH		SOLE		48,879	0	0
DOMINION RES INC VA NEW	COM	25746U109	329	31,351	SH		SOLE		31,351	0	0
DOUGLAS DYNAMICS INC	COM	25960R105	3,122	176,752	SH		SOLE		176,752	0	0
DU PONT E I DE NEMOURS & CO	COM	263534109	1,819	69,204	SH		SOLE		69,204	0	0
DUKE ENERGY CORP NEW	COM NEW	26441C204	538	7,238	SH		SOLE		7,238	0	0
ECOLAB INC	COM	278865100	316	3,815	SH		SOLE		3,815	0	0
ENERGY TRANSFER PRTNRS L P	UNIT LTD PARTN	29273R109	631	11,793	SH		SOLE		11,793	0	0
ENERPLUS CORP	COM	292766102	209	1,993	SH		SOLE		1,993	0	0
EOG RES INC	COM	26875P101	3,568	246,222	SH		SOLE		246,222	0	0
EQT CORP	COM	26884L109	297	9,670	SH		SOLE		9,670	0	0
EQT MIDSTREAM PARTNERS LP	UNIT LTD PARTN	26885B100	204	5,600	SH		SOLE		5,600	0	0
EVEREST RE GROUP LTD	COM	G3223R108	2,998	64,975	SH		SOLE		64,975	0	0
EXPRESS SCRIPTS HLDG CO	COM	30219G108	393	672	SH		SOLE		672	0	0
EXXON MOBIL CORP	COM	30231G102	458	796	SH		SOLE		796	0	0
FACEBOOK INC	CL A	30303M102	2,712	189,127	SH		SOLE		189,127	0	0
FAMILY DLR STORES INC	COM	307000109	379	28,894	SH		SOLE		28,894	0	0
FEDERATED INVS INC PA	CL B	314211103	346	5,110	SH		SOLE		5,110	0	0
FEDEX CORP	COM	31428X106	471	7,520	SH		SOLE		7,520	0	0
FORD MTR CO DEL	COM PAR $0.01	345370860	264	10,375	SH		SOLE		10,375	0	0
FORT DEARBORN INCOME SECS IN	COM	347200107	4,056	250,973	SH		SOLE		250,973	0	0
FOSTER WHEELER AG	COM	H27178104	485	16,100	SH		SOLE		16,100	0	0
FTD COS INC	COM	30281V108	347	8,375	SH		SOLE		8,375	0	0
GANNETT INC	COM	364730101	3,357	76,845	SH		SOLE		76,845	0	0
GAP INC DEL	COM	364760108	844	10,422	SH		SOLE		10,422	0	0
GLACIER BANCORP INC NEW	COM	37637Q105	1,006	17,454	SH		SOLE		17,454	0	0
GOOGLE INC	CL A	38259P508	660	8,361	SH		SOLE		8,361	0	0
GRAY TELEVISION INC	COM	389375106	0	50,000	SH		SOLE		50,000	0	0
GULFPORT ENERGY CORP	COM NEW	402635304	3,954	127,953	SH		SOLE		127,953	0	0
HALLIBURTON CO	COM	406216101	574	3,168	SH		SOLE		3,168	0	0
HCP INC	COM	40414L109	530	8,834	SH		SOLE		8,834	0	0
HEALTHCARE RLTY TR	COM	421946104	394	2,000	SH		SOLE		2,000	0	0
HERITAGE CRYSTAL CLEAN INC	COM	42726M106	185	13,241	SH		SOLE		13,241	0	0
HESS CORP	COM	42809H107	82	12,896	SH		SOLE		12,896	0	0
HOLLYFRONTIER CORP	COM	436106108	266	2,795	SH		SOLE		2,795	0	0
IBERIABANK CORP	COM	450828108	341	15,560	SH		SOLE		15,560	0	0
IMMUNOGEN INC	COM	45253H101	431	2,314	SH		SOLE		2,314	0	0
INCYTE CORP	COM	45337C102	1,072	18,534	SH		SOLE		18,534	0	0
INTEL CORP	COM	458140100	477	4,288	SH		SOLE		4,288	0	0
INVESCO BD FD	COM	46132L107	211	11,000	SH		SOLE		11,000	0	0
ISHARES	S&P 500 GRWT ETF	464287309	3,346	88,219	SH		SOLE		88,219	0	0
ISHARES	MSCI EAFE ETF	464287465	257	3,756	SH		SOLE		3,756	0	0
ISHARES	RUS MID-CAP ETF	464287499	593	3,649	SH		SOLE		3,649	0	0
ISTAR FINL INC	COM	45031U101	217	14,330	SH		SOLE		14,330	0	0
JOHNSON OUTDOORS INC	CL A	479167108	1,247	214,650	SH		SOLE		214,650	0	0
KENNEDY-WILSON HLDGS INC	COM	489398107	3,751	44,635	SH		SOLE		44,635	0	0
KIMBERLY CLARK CORP	COM	494368103	297	4,149	SH		SOLE		4,149	0	0
KINDER MORGAN MANAGEMENT LLC	SHS	49455U100	634	5,085	SH		SOLE		5,085	0	0
KKR & CO L P DEL	COM UNITS	48248M102	40	20,816	SH		SOLE		20,816	0	0
KROGER CO	COM	501044101	2,172	30,335	SH		SOLE		30,335	0	0
LABORATORY CORP AMER HLDGS	COM NEW	50540R409	260	12,280	SH		SOLE		12,280	0	0
LEUCADIA NATL CORP	COM	527288104	620	6,156	SH		SOLE		6,156	0	0
LIBERTY MEDIA CORP DELAWARE	CL A	531229102	297	7,120	SH		SOLE		7,120	0	0
LIFELOCK INC	COM	53224V100	1,177	71,057	SH		SOLE		71,057	0	0
LILLY ELI & CO	COM	532457108	3,557	72,874	SH		SOLE		72,874	0	0
LINNCO LLC	COMSHS LTD INT	535782106	707	22,052	SH		SOLE		22,052	0	0
LOCKHEED MARTIN CORP	COM	539830109	239	4,498	SH		SOLE		4,498	0	0
MARKETAXESS HLDGS INC	COM	57060D108	668	7,375	SH		SOLE		7,375	0	0
MARKWEST ENERGY PARTNERS L P	UNIT LTD PARTN	570759100	275	5,337	SH		SOLE		5,337	0	0
MCCORMICK & CO INC	COM VTG	579780107	5,485	76,966	SH		SOLE		76,966	0	0
MCCORMICK & CO INC	COM NON VTG	579780206	3,481	198,775	SH		SOLE		198,775	0	0
MCDONALDS CORP	COM	580135101	687	9,235	SH		SOLE		9,235	0	0
MEDTRONIC INC	COM	585055106	3,624	97,446	SH		SOLE		97,446	0	0
METLIFE INC	COM	59156R108	2,452	39,545	SH		SOLE		39,545	0	0
MFS CHARTER INCOME TR	SH BEN INT	552727109	347	37,575	SH		SOLE		37,575	0	0
MICROSOFT CORP	COM	594918104	358	4,615	SH		SOLE		4,615	0	0
MID-AMER APT CMNTYS INC	COM	59522J103	3,226	188,531	SH		SOLE		188,531	0	0
MOBILE MINI INC	COM	60740F105	150	25,932	SH		SOLE		25,932	0	0
MONDELEZ INTL INC	CL A	609207105	229	18,347	SH		SOLE		18,347	0	0
MORGAN STANLEY TRUSTS	INCOME SECS INC	61745P874	246	13,650	SH		SOLE		13,650	0	0
MOSAIC CO NEW	COM	61945C103	211	5,205	SH		SOLE		5,205	0	0
NATURAL RESOURCE PARTNERS L	COM UNIT L P	63900P103	203	1,900	SH		SOLE		1,900	0	0
NEWELL RUBBERMAID INC	COM	651229106	458	5,129	SH		SOLE		5,129	0	0
NORDSTROM INC	COM	655664100	3,769	126,990	SH		SOLE		126,990	0	0
NORTHROP GRUMMAN CORP	COM	666807102	313	5,215	SH		SOLE		5,215	0	0
OMNICOM GROUP INC	COM	681919106	1,009	12,845	SH		SOLE		12,845	0	0
PACIFIC ETHANOL INC	COM PAR $.001	69423U305	3,074	107,059	SH		SOLE		107,059	0	0
PALO ALTO NETWORKS INC	COM	697435105	161	22,500	SH		SOLE		22,500	0	0
PAYCHEX INC	COM	704326107	3,505	79,039	SH		SOLE		79,039	0	0
PHILIP MORRIS INTL INC	COM	718172109	452	9,835	SH		SOLE		9,835	0	0
PIMCO ETF TR	0-5 HIGH YIELD	72201R783	506	9,516	SH		SOLE		9,516	0	0
PLAINS ALL AMERN PIPELINE L	UNIT LTD PARTN	726503105	692	18,560	SH		SOLE		18,560	0	0
PPL CORP	COM	69351T106	3,182	90,032	SH		SOLE		90,032	0	0
PROCTER & GAMBLE CO	COM	742718109	607	24,350	SH		SOLE		24,350	0	0
PROGRESSIVE CORP OHIO	COM	743315103	259	4,375	SH		SOLE		4,375	0	0
PROLOGIS INC	COM	74340W103	4,092	96,178	SH		SOLE		96,178	0	0
PRUDENTIAL FINL INC	COM	744320102	260	2,207	SH		SOLE		2,207	0	0
PUTMAN HIGH INCOME SEC FUND	SHS BEN INT	746779107	94	10,825	SH		SOLE		10,825	0	0
PUTNAM PREMIER INCOME TR	SH BEN INT	746853100	333	60,000	SH		SOLE		60,000	0	0
QR ENERGY LP	UNIT LTD PRTNS	74734R108	237	8,887	SH		SOLE		8,887	0	0
RAYONIER INC	COM	754907103	514	57,091	SH		SOLE		57,091	0	0
RAYTHEON CO	COM NEW	755111507	371	2,805	SH		SOLE		2,805	0	0
REALTY INCOME CORP	COM	756109104	355	2,132	SH		SOLE		2,132	0	0
REGENCY ENERGY PARTNERS L P	COM UNITS L P	75885Y107	429	13,930	SH		SOLE		13,930	0	0
RESOURCE CAP CORP	COM	76120W302	206	6,816	SH		SOLE		6,816	0	0
SABRA HEALTH CARE REIT INC	COM	78573L106	215	3,147	SH		SOLE		3,147	0	0
SALESFORCE COM INC	COM	79466L302	526	21,365	SH		SOLE		21,365	0	0
SANOFI	SPONSORED ADR	80105N105	1,371	9,572	SH		SOLE		9,572	0	0
SHERWIN WILLIAMS CO	COM	824348106	230	10,770	SH		SOLE		10,770	0	0
SHORE BANCSHARES INC	COM	825107105	3,584	80,800	SH		SOLE		80,800	0	0
SIX FLAGS ENTMT CORP NEW	COM	83001A102	0	10,000	SH		SOLE		10,000	0	0
SPDR INDEX SHS FDS	EMERG MKTS ETF	78463X509	474	7,010	SH		SOLE		7,010	0	0
SPDR S&P 500 ETF TR	TR UNIT	78462F103	2,386	12,192	SH		SOLE		12,192	0	0
SPDR S&P MIDCAP 400 ETF TR	UTSER1 S&PDCRP	78467Y107	1,712	6,569	SH		SOLE		6,569	0	0
SPDR SER TR	SHT TRM HGH YLD	78468R408	3,341	46,456	SH		SOLE		46,456	0	0
STAMPS COM INC	COM NEW	852857200	253	7,623	SH		SOLE		7,623	0	0
STANLEY BLACK & DECKER INC	COM	854502101	251	3,576	SH		SOLE		3,576	0	0
STARWOOD HOTELS&RESORTS WRLD	COM	85590A401	3,065	95,188	SH		SOLE		95,188	0	0
STATOIL ASA	SPONSORED ADR	85771P102	3,810	59,443	SH		SOLE		59,443	0	0
SUNCOKE ENERGY PARTNERS L P	COMUNIT REP LT	86722Y101	3,900	79,699	SH		SOLE		79,699	0	0
TARGET CORP	COM	87612E106	3	22,500	SH		SOLE		22,500	0	0
TEEKAY LNG PARTNERS L P	PRTNRSP UNITS	Y8564M105	625	17,685	SH		SOLE		17,685	0	0
TEMPLETON GLOBAL INCOME FD	COM	880198106	145	17,500	SH		SOLE		17,500	0	0
TIME WARNER CABLE INC	COM	88732J207	3,205	71,651	SH		SOLE		71,651	0	0
TORO CO	COM	891092108	545	16,965	SH		SOLE		16,965	0	0
TOTAL S A	SPONSORED ADR	89151E109	3,433	105,006	SH		SOLE		105,006	0	0
TRAVELCENTERS OF AMERICA LLC	COM	894174101	536	27,953	SH		SOLE		27,953	0	0
TRAVELERS COMPANIES INC	COM	89417E109	490	16,405	SH		SOLE		16,405	0	0
TWITTER INC	COM	90184L102	203	27,500	SH		SOLE		27,500	0	0
UNILEVER N V	N Y SHS NEW	904784709	349	6,635	SH		SOLE		6,635	0	0
UNITED THERAPEUTICS CORP DEL	COM	91307C102	2,757	276,810	SH		SOLE		276,810	0	0
VALEANT PHARMACEUTICALS INTL	COM	91911K102	182	13,042	SH		SOLE		13,042	0	0
VALSPAR CORP	COM	920355104	614	12,417	SH		SOLE		12,417	0	0
VANGUARD INDEX FDS	REIT ETF	922908553	309	4,135	SH		SOLE		4,135	0	0
VANGUARD INDEX FDS	SMALL CP ETF	922908751	2,558	21,838	SH		SOLE		21,838	0	0
VANGUARD INTL EQUITY INDEX F	ALLWRLD EX US	922042775	1,116	21,350	SH		SOLE		21,350	0	0
VANGUARD INTL EQUITY INDEX F	FTSE EMR MKT ETF	922042858	231	5,345	SH		SOLE		5,345	0	0
VANGUARD TAX MANAGED INTL FD	FTSE DEV MKT ETF	921943858	223	5,243	SH		SOLE		5,243	0	0
VANTAGE DRILLING COMPANY	ORD SHS	G93205113	339	3,574	SH		SOLE		3,574	0	0
VERIZON COMMUNICATIONS INC	COM	92343V104	6	44,988	SH		SOLE		44,988	0	0
VERTEX PHARMACEUTICALS INC	COM	92532F100	4	22,730	SH		SOLE		22,730	0	0
WASHINGTON PRIME GROUP INC	COM	939647103	473	6,550	SH		SOLE		6,550	0	0
WATSCO INC	COM	942622200	29	15,977	SH		SOLE		15,977	0	0
WEINGARTEN RLTY INVS	SH BEN INT	948741103	1,036	18,363	SH		SOLE		18,363	0	0
WESTERN ASSET HIGH INCM OPP	COM	95766K109	199	32,600	SH		SOLE		32,600	0	0
WESTERN ASSET MGD HI INCM FD	COM	95766L107	87	15,000	SH		SOLE		15,000	0	0
WESTPAC BKG CORP	SPONSORED ADR	961214301	1,400	15,068	SH		SOLE		15,068	0	0
WHITE MTNS INS GROUP LTD	COM	G9618E107	945	26,165	SH		SOLE		26,165	0	0
WINDSTREAM HLDGS INC	COM	97382A101	227	2,750	SH		SOLE		2,750	0	0
XCEL ENERGY INC	COM	98389B100	120	62,416	SH		SOLE		62,416	0	0
XERIUM TECHNOLOGIES INC	COM NEW	98416J118	243	400	SH		SOLE		400	0	0
YUM BRANDS INC	COM	988498101	426	10,160	SH		SOLE		10,160	0	0
ZIMMER HLDGS INC	COM	98956P102	4,633	76,074	SH		SOLE		76,074	0	0