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
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
1 800 FLOWERS COM	CL A	68243Q106	269	25,737	SH		SOLE		25,737	0	0
3M CO	COM	88579Y101	1,481	9,595	SH		SOLE		9,595	0	0
ABBOTT LABS	COM	002824100	434	8,843	SH		SOLE		8,843	0	0
ABBVIE INC	COM	00287Y109	1,188	17,688	SH		SOLE		17,688	0	0
ALLIANCEBERNSTEIN INCOME FUN	COM	01881E101	89	12,000	SH		SOLE		12,000	0	0
ALTRIA GROUP INC	COM	02209S103	413	8,452	SH		SOLE		8,452	0	0
AMERICAN EXPRESS CO	COM	025816109	276	3,549	SH		SOLE		3,549	0	0
AMERICAN WTR WKS CO INC NEW	COM	030420103	559	11,500	SH		SOLE		11,500	0	0
AMGEN INC	COM	031162100	732	4,771	SH		SOLE		4,771	0	0
APPLE INC	COM	037833100	1,670	13,314	SH		SOLE		13,314	0	0
APPLIED MATLS INC	COM	038222105	212	11,020	SH		SOLE		11,020	0	0
AT&T INC	COM	00206R102	591	16,643	SH		SOLE		16,643	0	0
B & G FOODS INC NEW	COM	05508R106	3,788	132,789	SH		SOLE		132,789	0	0
BANCO DE CHILE	SPONSORED ADR	059520106	219	3,341	SH		SOLE		3,341	0	0
BED BATH & BEYOND INC	COM	075896100	209	3,025	SH		SOLE		3,025	0	0
BERKSHIRE HATHAWAY INC DEL	CL B NEW	084670702	268	1,970	SH		SOLE		1,970	0	0
BIO-REFERENCE LABS INC	COM $.01 NEW	09057G602	479	11,605	SH		SOLE		11,605	0	0
BLACKROCK INC	COM	09247X101	562	1,625	SH		SOLE		1,625	0	0
BRISTOL MYERS SQUIBB CO	COM	110122108	1,155	17,363	SH		SOLE		17,363	0	0
BRIXMOR PPTY GROUP INC	COM	11120U105	282	12,180	SH		SOLE		12,180	0	0
BUCKEYE PARTNERS L P	UNIT LTD PARTN	118230101	283	3,825	SH		SOLE		3,825	0	0
CALUMET SPECIALTY PRODS PTNR	UT LTD PARTNER	131476103	392	15,415	SH		SOLE		15,415	0	0
CANTEL MEDICAL CORP	COM	138098108	334	6,218	SH		SOLE		6,218	0	0
CELGENE CORP	COM	151020104	536	4,627	SH		SOLE		4,627	0	0
CEPHEID	COM	15670R107	221	3,619	SH		SOLE		3,619	0	0
CF INDS HLDGS INC	COM	125269100	431	6,700	SH		SOLE		6,700	0	0
CHEVRON CORP NEW	COM	166764100	2,342	24,274	SH		SOLE		24,274	0	0
CHINA MOBILE LIMITED	SPONSORED ADR	16941M109	305	4,765	SH		SOLE		4,765	0	0
CIGNA CORPORATION	COM	125509109	340	2,100	SH		SOLE		2,100	0	0
CISCO SYS INC	COM	17275R102	520	18,952	SH		SOLE		18,952	0	0
COCA COLA CO	COM	191216100	878	22,368	SH		SOLE		22,368	0	0
COMMUNICATIONS SALES&LEAS IN	COM	20341J104	1,156	46,755	SH		SOLE		46,755	0	0
COMPASS DIVERSIFIED HOLDINGS	SH BEN INT	20451Q104	4,236	258,264	SH		SOLE		258,264	0	0
CREDIT SUISSE ASSET MGMT INC	COM	224916106	422	132,000	SH		SOLE		132,000	0	0
CREDIT SUISSE NASSAU BRH	X LINK CUSH MLP	22542D852	2,780	98,174	SH		SOLE		98,174	0	0
CUBESMART	COM	229663109	227	9,784	SH		SOLE		9,784	0	0
DARDEN RESTAURANTS INC	COM	237194105	5,581	78,524	SH		SOLE		78,524	0	0
DEERE & CO	COM	244199105	270	2,777	SH		SOLE		2,777	0	0
DIGITAL RLTY TR INC	COM	253868103	4,217	63,247	SH		SOLE		63,247	0	0
DISNEY WALT CO	COM DISNEY	254687106	573	5,016	SH		SOLE		5,016	0	0
DOMINION RES INC VA NEW	COM	25746U109	535	7,997	SH		SOLE		7,997	0	0
DOUGLAS DYNAMICS INC	COM	25960R105	4,040	188,071	SH		SOLE		188,071	0	0
DOW CHEM CO	COM	260543103	472	9,220	SH		SOLE		9,220	0	0
DU PONT E I DE NEMOURS & CO	COM	263534109	782	12,226	SH		SOLE		12,226	0	0
DUKE ENERGY CORP NEW	COM NEW	26441C204	3,248	45,995	SH		SOLE		45,995	0	0
ENBRIDGE ENERGY MANAGEMENT L	SHS UNITS LLI	29250X103	1,486	45,016	SH		SOLE		45,016	0	0
ENTERPRISE PRODS PARTNERS L	COM	293792107	3,074	102,852	SH		SOLE		102,852	0	0
EQT CORP	COM	26884L109	226	2,780	SH		SOLE		2,780	0	0
EXPRESS SCRIPTS HLDG CO	COM	30219G108	349	3,925	SH		SOLE		3,925	0	0
EXXON MOBIL CORP	COM	30231G102	1,414	16,990	SH		SOLE		16,990	0	0
FELCOR LODGING TR INC	COM	31430F101	286	28,905	SH		SOLE		28,905	0	0
FISERV INC	COM	337738108	226	2,725	SH		SOLE		2,725	0	0
FLOWSERVE CORP	COM	34354P105	398	7,567	SH		SOLE		7,567	0	0
FLY LEASING LTD	SPONSORED ADR	34407D109	4,613	293,830	SH		SOLE		293,830	0	0
GARMIN LTD	SHS	H2906T109	3,612	82,231	SH		SOLE		82,231	0	0
GENERAL ELECTRIC CO	COM	369604103	1,573	59,206	SH		SOLE		59,206	0	0
GILEAD SCIENCES INC	COM	375558103	336	2,868	SH		SOLE		2,868	0	0
GLAXOSMITHKLINE PLC	SPONSORED ADR	37733W105	605	14,536	SH		SOLE		14,536	0	0
GOOGLE INC	CL A	38259P508	345	639	SH		SOLE		639	0	0
GOOGLE INC	CL C	38259P706	440	846	SH		SOLE		846	0	0
GPO AEROPORTUARIO DEL PAC SA	SPON ADR B	400506101	500	7,295	SH		SOLE		7,295	0	0
GRAY TELEVISION INC	COM	389375106	384	24,464	SH		SOLE		24,464	0	0
HANNON ARMSTRONG SUST INFR C	COM	41068X100	6,436	321,021	SH		SOLE		321,021	0	0
HCP INC	COM	40414L109	301	8,260	SH		SOLE		8,260	0	0
HEALTH CARE REIT INC	COM	42217K106	409	6,230	SH		SOLE		6,230	0	0
HEALTHCARE RLTY TR	COM	421946104	284	12,211	SH		SOLE		12,211	0	0
HERCULES TECH GROWTH CAP INC	COM	427096508	3,646	315,660	SH		SOLE		315,660	0	0
HERITAGE CRYSTAL CLEAN INC	COM	42726M106	334	22,735	SH		SOLE		22,735	0	0
HI-CRUSH PARTNERS LP	COM UNIT LTD	428337109	2,492	81,215	SH		SOLE		81,215	0	0
HOLLYFRONTIER CORP	COM	436106108	749	17,555	SH		SOLE		17,555	0	0
HOME DEPOT INC	COM	437076102	960	8,640	SH		SOLE		8,640	0	0
HUDSON TECHNOLOGIES INC	COM	444144109	120	34,390	SH		SOLE		34,390	0	0
INTEL CORP	COM	458140100	517	17,002	SH		SOLE		17,002	0	0
INTERNATIONAL BUSINESS MACHS	COM	459200101	529	3,250	SH		SOLE		3,250	0	0
INVESCO BD FD	COM	46132L107	191	11,000	SH		SOLE		11,000	0	0
IRON MTN INC NEW	COM	46284V101	3,995	128,884	SH		SOLE		128,884	0	0
ISHARES TR	CORE S&P500 ETF	464287200	962	4,642	SH		SOLE		4,642	0	0
ISHARES TR	20+ YR TR BD ETF	464287432	602	5,125	SH		SOLE		5,125	0	0
ISHARES TR	MSCI EAFE ETF	464287465	238	3,756	SH		SOLE	��	3,756	0	0
ISHARES TR	RUS MID-CAP ETF	464287499	773	4,539	SH		SOLE		4,539	0	0
ISHARES TR	CORE MSCITOTAL	46432F834	278	5,040	SH		SOLE		5,040	0	0
JARDEN CORP	COM	471109108	287	5,541	SH		SOLE		5,541	0	0
JOHNSON & JOHNSON	COM	478160104	2,151	22,071	SH		SOLE		22,071	0	0
JOHNSON OUTDOORS INC	CL A	479167108	254	10,768	SH		SOLE		10,768	0	0
JPMORGAN CHASE & CO	COM	46625H100	908	13,396	SH		SOLE		13,396	0	0
KIMBERLY CLARK CORP	COM	494368103	470	4,439	SH		SOLE		4,439	0	0
KINDER MORGAN INC DEL	COM	49456B101	1,604	41,769	SH		SOLE		41,769	0	0
KRAFT FOODS GROUP INC	COM	50076Q106	659	7,742	SH		SOLE		7,742	0	0
LAMAR ADVERTISING CO NEW	CL A	512816109	4,644	80,801	SH		SOLE		80,801	0	0
LIBERTY PPTY TR	SH BEN INT	531172104	3,516	109,112	SH		SOLE		109,112	0	0
LIFELOCK INC	COM	53224V100	254	15,502	SH		SOLE		15,502	0	0
LINNCO LLC	COM SHS LTD INT	535782106	589	62,349	SH		SOLE		62,349	0	0
MAGELLAN MIDSTREAM PRTNRS LP	COM UNIT RP LP	559080106	3,319	45,236	SH		SOLE		45,236	0	0
MARKWEST ENERGY PARTNERS L P	UNIT LTD PARTN	570759100	217	3,850	SH		SOLE		3,850	0	0
MATTEL INC	COM	577081102	3,092	120,370	SH		SOLE		120,370	0	0
MCCORMICK & CO INC	COM NON VTG	579780206	3,066	37,875	SH		SOLE		37,875	0	0
MCDONALDS CORP	COM	580135101	577	6,071	SH		SOLE		6,071	0	0
MCKESSON CORP	COM	58155Q103	520	2,314	SH		SOLE		2,314	0	0
MEDTRONIC PLC	SHS	G5960L103	274	3,701	SH		SOLE		3,701	0	0
MEI PHARMA INC	COM NEW	55279B202	26	15,399	SH		SOLE		15,399	0	0
MERCK & CO INC NEW	COM	58933Y105	998	17,525	SH		SOLE		17,525	0	0
MFS CHARTER INCOME TR	SH BEN INT	552727109	284	33,575	SH		SOLE		33,575	0	0
MFS GOVT MKTS INCOME TR	SH BEN INT	552939100	1,073	198,650	SH		SOLE		198,650	0	0
MICROCHIP TECHNOLOGY INC	COM	595017104	755	15,914	SH		SOLE		15,914	0	0
MICROSOFT CORP	COM	594918104	356	8,067	SH		SOLE		8,067	0	0
MILESTONE SCIENTIFIC INC	COM NEW	59935P209	179	52,616	SH		SOLE		52,616	0	0
MONRO MUFFLER BRAKE INC	COM	610236101	273	4,385	SH		SOLE		4,385	0	0
MONSANTO CO NEW	COM	61166W101	596	5,588	SH		SOLE		5,588	0	0
MORGAN STANLEY TRUSTS	INCOME SECS INC	61745P874	188	10,900	SH		SOLE		10,900	0	0
MOSAIC CO NEW	COM	61945C103	276	5,883	SH		SOLE		5,883	0	0
NATIONAL CINEMEDIA INC	COM	635309107	3,857	241,684	SH		SOLE		241,684	0	0
NATIONAL GRID PLC	SPON ADR NEW	636274300	723	11,194	SH		SOLE		11,194	0	0
NATIONAL RETAIL PPTYS INC	COM	637417106	4,056	115,849	SH		SOLE		115,849	0	0
NEW MEDIA INVT GROUP INC	COM	64704V106	4,024	224,408	SH		SOLE		224,408	0	0
NIKE INC	CL B	654106103	216	2,000	SH		SOLE		2,000	0	0
NORDSTROM INC	COM	655664100	230	3,090	SH		SOLE		3,090	0	0
NORTHROP GRUMMAN CORP	COM	666807102	364	2,295	SH		SOLE		2,295	0	0
NOVARTIS A G	SPONSORED ADR	66987V109	721	7,333	SH		SOLE		7,333	0	0
NUSTAR ENERGY LP	UNIT COM	67058H102	2,734	46,066	SH		SOLE		46,066	0	0
NUTRI SYS INC NEW	COM	67069D108	4,784	192,263	SH		SOLE		192,263	0	0
ORACLE CORP	COM	68389X105	226	5,615	SH		SOLE		5,615	0	0
PAYCHEX INC	COM	704326107	3,918	83,567	SH		SOLE		83,567	0	0
PEPSICO INC	COM	713448108	430	4,610	SH		SOLE		4,610	0	0
PERFORMANCE SPORTS GROUP LTD	COM	71377G100	215	11,960	SH		SOLE		11,960	0	0
PFIZER INC	COM	717081103	4,916	146,622	SH		SOLE		146,622	0	0
PIMCO ETF TR	0-5 HIGH YIELD	72201R783	439	4,400	SH		SOLE		4,400	0	0
PLAINS ALL AMERN PIPELINE L	UNIT LTD PARTN	726503105	222	5,090	SH		SOLE		5,090	0	0
PPL CORP	COM	69351T106	2,876	97,592	SH		SOLE		97,592	0	0
PRESTIGE BRANDS HLDGS INC	COM	74112D101	207	4,476	SH		SOLE		4,476	0	0
PRIMO WTR CORP	COM	74165N105	92	16,128	SH		SOLE		16,128	0	0
PROCTER & GAMBLE CO	COM	742718109	973	12,431	SH		SOLE		12,431	0	0
PUTNAM MANAGED MUN INCOM TR	COM	746823103	141	20,000	SH		SOLE		20,000	0	0
PUTNAM PREMIER INCOME TR	SH BEN INT	746853100	279	54,750	SH		SOLE		54,750	0	0
QUALCOMM INC	COM	747525103	425	6,793	SH		SOLE		6,793	0	0
REED ELSEVIER N V	SPONS ADR NEW	758204200	544	11,610	SH		SOLE		11,610	0	0
RYERSON HLDG CORP	COM	783754104	264	29,018	SH		SOLE		29,018	0	0
SABRA HEALTH CARE REIT INC	COM	78573L106	3,507	136,244	SH		SOLE		136,244	0	0
SANDY SPRING BANCORP INC	COM	800363103	649	23,205	SH		SOLE		23,205	0	0
SANOFI	SPONSORED ADR	80105N105	457	9,225	SH		SOLE		9,225	0	0
SASOL LTD	SPONSORED ADR	803866300	221	5,970	SH		SOLE		5,970	0	0
SHORE BANCSHARES INC	COM	825107105	571	60,537	SH		SOLE		60,537	0	0
SIMON PPTY GROUP INC NEW	COM	828806109	370	2,141	SH		SOLE		2,141	0	0
SIX FLAGS ENTMT CORP NEW	COM	83001A102	5,260	117,286	SH		SOLE		117,286	0	0
SMTC CORP	COM NEW	832682207	27	15,977	SH		SOLE		15,977	0	0
SONIC AUTOMOTIVE INC	CL A	83545G102	207	8,702	SH		SOLE		8,702	0	0
SPDR INDEX SHS FDS	EMERG MKTS ETF	78463X509	452	7,010	SH		SOLE		7,010	0	0
SPDR S&P 500 ETF TR	TR UNIT	78462F103	2,534	12,309	SH		SOLE		12,309	0	0
SPDR S&P MIDCAP 400 ETF TR	UTSER1 S&PDCRP	78467Y107	1,482	5,426	SH		SOLE		5,426	0	0
STAMPS COM INC	COM NEW	852857200	437	5,946	SH		SOLE		5,946	0	0
STARBUCKS CORP	COM	855244109	242	4,506	SH		SOLE		4,506	0	0
STATOIL ASA	SPONSORED ADR	85771P102	369	20,591	SH		SOLE		20,591	0	0
SUNEDISON INC	COM	86732Y109	206	6,875	SH		SOLE		6,875	0	0
TAIWAN SEMICONDUCTOR MFG LTD	SPONSORED ADR	874039100	308	13,545	SH		SOLE		13,545	0	0
TAL INTL GROUP INC	COM	874083108	3,217	101,794	SH		SOLE		101,794	0	0
TARGA RESOURCES PARTNERS LP	COM UNIT	87611X105	1,940	50,265	SH		SOLE		50,265	0	0
TEEKAY LNG PARTNERS L P	PRTNRSP UNITS	Y8564M105	2,299	71,393	SH		SOLE		71,393	0	0
TEEKAY OFFSHORE PARTNERS L P	PARTNERSHIP UN	Y8565J101	1,286	63,550	SH		SOLE		63,550	0	0
TEMPLETON GLOBAL INCOME FD	COM	880198106	88	12,500	SH		SOLE		12,500	0	0
TIME WARNER INC	COM NEW	887317303	313	3,576	SH		SOLE		3,576	0	0
TOTAL S A	SPONSORED ADR	89151E109	407	8,273	SH		SOLE		8,273	0	0
TOYOTA MOTOR CORP	SP ADR REP2COM	892331307	515	3,850	SH		SOLE		3,850	0	0
TRAVELCENTERS AMER LLC	COM	894174101	180	12,090	SH		SOLE		12,090	0	0
UNITED TECHNOLOGIES CORP	COM	913017109	259	2,333	SH		SOLE		2,333	0	0
VANGUARD INDEX FDS	SM CP VAL ETF	922908611	207	1,920	SH		SOLE		1,920	0	0
VANGUARD INDEX FDS	SMALL CP ETF	922908751	2,347	19,319	SH		SOLE		19,319	0	0
VANGUARD INTL EQUITY INDEX F	ALLWRLD EX US	922042775	729	15,010	SH		SOLE		15,010	0	0
VANGUARD NAT RES LLC	COM UNIT	92205F106	2,143	143,554	SH		SOLE		143,554	0	0
VENTAS INC	COM	92276F100	4,260	68,604	SH		SOLE		68,604	0	0
VERIZON COMMUNICATIONS INC	COM	92343V104	4,518	96,927	SH		SOLE		96,927	0	0
VMWARE INC	CL A COM	928563402	242	2,827	SH		SOLE		2,827	0	0
WALGREENS BOOTS ALLIANCE INC	COM	931427108	327	3,870	SH		SOLE		3,870	0	0
WASTE MGMT INC DEL	COM	94106L109	3,600	77,670	SH		SOLE		77,670	0	0
WELLS FARGO & CO NEW	COM	949746101	527	9,363	SH		SOLE		9,363	0	0
WESTERN ASSET HIGH INCM OPP	COM	95766K109	194	37,600	SH		SOLE		37,600	0	0
WESTERN ASSET MGD HI INCM FD	COM	95766L107	99	20,000	SH		SOLE		20,000	0	0
WESTERN ASSET MUN HI INCM FD	COM	95766N103	179	25,000	SH		SOLE		25,000	0	0
WESTPAC BKG CORP	SPONSORED ADR	961214301	546	22,078	SH		SOLE		22,078	0	0
WHITE MTNS INS GROUP LTD	COM	G9618E107	262	400	SH		SOLE		400	0	0
XERIUM TECHNOLOGIES INC	COM NEW	98416J118	245	13,482	SH		SOLE		13,482	0	0
ZIMMER BIOMET HLDGS INC	COM	98956P102	233	2,135	SH		SOLE		2,135	0	0