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	203	25,737	SH		SOLE		25,737	0	0
3M CO	COM	88579Y101	405	2,432	SH		SOLE		2,432	0	0
ABBOTT LABS	COM	002824100	429	10,259	SH		SOLE		10,259	0	0
ABBVIE INC	COM	00287Y109	910	15,927	SH		SOLE		15,927	0	0
ALBANY INTL CORP	CL A	012348108	407	10,815	SH		SOLE		10,815	0	0
ALLIANCEBERNSTEIN INCOME FUN	COM	01881E101	79	10,000	SH		SOLE		10,000	0	0
ALPHABET INC	CAP STK CL C	02079K107	611	820	SH		SOLE		820	0	0
ALPHABET INC	CAP STK CL A	02079K305	497	652	SH		SOLE		652	0	0
ALPS ETF TR	ALERIAN MLP	00162Q866	259	23,750	SH		SOLE		23,750	0	0
ALTRIA GROUP INC	COM	02209S103	549	8,757	SH		SOLE		8,757	0	0
AMERICAN WTR WKS CO INC NEW	COM	030420103	801	11,625	SH		SOLE		11,625	0	0
AMGEN INC	COM	031162100	655	4,370	SH		SOLE		4,370	0	0
ANHEUSER BUSCH INBEV SA/NV	SPONSORED ADR	03524A108	280	2,250	SH		SOLE		2,250	0	0
APPLE INC	COM	037833100	1,546	14,189	SH		SOLE		14,189	0	0
APPLIED MATLS INC	COM	038222105	334	15,790	SH		SOLE		15,790	0	0
AT&T INC	COM	00206R102	772	19,698	SH		SOLE		19,698	0	0
B & G FOODS INC NEW	COM	05508R106	4,353	125,036	SH		SOLE		124,566	0	470
BANCO DE CHILE	SPONSORED ADR	059520106	271	4,203	SH		SOLE		4,203	0	0
BERKSHIRE HATHAWAY INC DEL	CL B NEW	084670702	253	1,783	SH		SOLE		1,783	0	0
BRISTOL MYERS SQUIBB CO	COM	110122108	1,052	16,475	SH		SOLE		16,475	0	0
BRIXMOR PPTY GROUP INC	COM	11120U105	436	17,025	SH		SOLE		17,025	0	0
CALUMET SPECIALTY PRODS PTNR	UT LTD PARTNER	131476103	255	21,665	SH		SOLE		21,665	0	0
CANTEL MEDICAL CORP	COM	138098108	322	4,509	SH		SOLE		4,509	0	0
CARE CAP PPTYS INC	COM	141624106	362	13,478	SH		SOLE		13,478	0	0
CELGENE CORP	COM	151020104	559	5,582	SH		SOLE		5,582	0	0
CHANTICLEER HLDGS INC	COM PAR $.0001 N	15930P404	49	59,890	SH		SOLE		59,890	0	0
CHEVRON CORP NEW	COM	166764100	4,331	45,396	SH		SOLE		45,171	0	225
CHINA MOBILE LIMITED	SPONSORED ADR	16941M109	364	6,564	SH		SOLE		6,564	0	0
CISCO SYS INC	COM	17275R102	682	23,954	SH		SOLE		23,954	0	0
COCA COLA CO	COM	191216100	987	21,285	SH		SOLE		21,285	0	0
COMMUNICATIONS SALES&LEAS IN	COM	20341J104	539	24,242	SH		SOLE		24,242	0	0
COMPASS DIVERSIFIED HOLDINGS	SH BEN INT	20451Q104	3,845	245,694	SH		SOLE		244,764	0	930
COMPUTER PROGRAMS & SYS INC	COM	205306103	3,182	61,055	SH		SOLE		60,790	0	265
CREDIT SUISSE ASSET MGMT INC	COM	224916106	192	67,000	SH		SOLE		67,000	0	0
CREDIT SUISSE NASSAU BRH	X LINK CUSH MLP	22542D852	1,508	91,239	SH		SOLE		91,239	0	0
CUTWATER SELECT INCOME FD	COM	232229104	237	12,375	SH		SOLE		12,375	0	0
DHI GROUP INC	COM	23331S100	226	27,998	SH		SOLE		27,998	0	0
DIGITAL RLTY TR INC	COM	253868103	5,525	62,432	SH		SOLE		62,192	0	240
DISNEY WALT CO	COM DISNEY	254687106	782	7,871	SH		SOLE		7,871	0	0
DOMINION RES INC VA NEW	COM	25746U109	499	6,647	SH		SOLE		6,647	0	0
DOUGLAS DYNAMICS INC	COM	25960R105	4,444	193,966	SH		SOLE		193,256	0	710
DOW CHEM CO	COM	260543103	535	10,516	SH		SOLE		10,516	0	0
DU PONT E I DE NEMOURS & CO	COM	263534109	397	6,276	SH		SOLE		6,276	0	0
DUKE ENERGY CORP NEW	COM NEW	26441C204	4,386	54,362	SH		SOLE		54,139	0	223
EASTERLY GOVT PPTYS INC	COM	27616P103	471	25,455	SH		SOLE		25,455	0	0
ENBRIDGE ENERGY MANAGEMENT L	SHS UNITS LLI	29250X103	1,193	66,450	SH		SOLE		66,450	0	0
ENTERPRISE PRODS PARTNERS L	COM	293792107	2,736	111,141	SH		SOLE		110,421	0	720
EVEREST RE GROUP LTD	COM	G3223R108	280	1,417	SH		SOLE		1,417	0	0
EXPRESS SCRIPTS HLDG CO	COM	30219G108	217	3,159	SH		SOLE		3,159	0	0
EXXON MOBIL CORP	COM	30231G102	1,257	15,039	SH		SOLE		15,039	0	0
FARMLAND PARTNERS INC	COM	31154R109	2,142	199,614	SH		SOLE		198,869	0	745
FELCOR LODGING TR INC	COM	31430F101	234	28,785	SH		SOLE		28,785	0	0
FISERV INC	COM	337738108	382	3,725	SH		SOLE		3,725	0	0
FLY LEASING LTD	SPONSORED ADR	34407D109	3,969	312,239	SH		SOLE		311,089	0	1,150
GARMIN LTD	SHS	H2906T109	3,555	88,966	SH		SOLE		88,641	0	325
GENERAL ELECTRIC CO	COM	369604103	1,690	53,167	SH		SOLE		53,167	0	0
GENERAL MTRS CO	COM	37045V100	4,573	145,489	SH		SOLE		144,924	0	565
GENESEE & WYO INC	CL A	371559105	211	3,364	SH		SOLE		3,364	0	0
GILEAD SCIENCES INC	COM	375558103	263	2,868	SH		SOLE		2,868	0	0
GLAXOSMITHKLINE PLC	SPONSORED ADR	37733W105	657	16,190	SH		SOLE		16,190	0	0
GPO AEROPORTUARIO DEL PAC SA	SPON ADR B	400506101	802	9,045	SH		SOLE		9,045	0	0
GRAY TELEVISION INC	COM	389375106	287	24,464	SH		SOLE		24,464	0	0
HANNON ARMSTRONG SUST INFR C	COM	41068X100	6,050	314,777	SH		SOLE		313,227	0	1,550
HCP INC	COM	40414L109	267	8,200	SH		SOLE		8,200	0	0
HEALTHCARE RLTY TR	COM	421946104	344	11,125	SH		SOLE		11,125	0	0
HERCULES CAPITAL INC	COM	427096508	4,157	346,141	SH		SOLE		344,691	0	1,450
HERITAGE CRYSTAL CLEAN INC	COM	42726M106	151	15,235	SH		SOLE		15,235	0	0
HOME DEPOT INC	COM	437076102	1,286	9,640	SH		SOLE		9,640	0	0
HUDSON TECHNOLOGIES INC	COM	444144109	113	34,390	SH		SOLE		34,390	0	0
INTEL CORP	COM	458140100	297	9,182	SH		SOLE		9,182	0	0
INTERNATIONAL BUSINESS MACHS	COM	459200101	514	3,396	SH		SOLE		3,396	0	0
INVESCO BD FD	COM	46132L107	203	11,000	SH		SOLE		11,000	0	0
IRON MTN INC NEW	COM	46284V101	4,844	142,857	SH		SOLE		142,227	0	630
ISHARES TR	SELECT DIVID ETF	464287168	204	2,500	SH		SOLE		2,500	0	0
ISHARES TR	CORE S&P500 ETF	464287200	1,023	4,951	SH		SOLE		4,951	0	0
ISHARES TR	20 YR TR BD ETF	464287432	212	1,625	SH		SOLE		1,625	0	0
ISHARES TR	MSCI EAFE ETF	464287465	442	7,741	SH		SOLE		7,741	0	0
ISHARES TR	RUS MID-CAP ETF	464287499	835	5,124	SH		SOLE		5,124	0	0
JARDEN CORP	COM	471109108	436	7,391	SH		SOLE		7,391	0	0
JERNIGAN CAP INC	COM	476405105	202	12,950	SH		SOLE		12,950	0	0
JOHNSON & JOHNSON	COM	478160104	2,263	20,918	SH		SOLE		20,918	0	0
JPMORGAN CHASE & CO	COM	46625H100	774	13,064	SH		SOLE		13,064	0	0
KIMBERLY CLARK CORP	COM	494368103	565	4,200	SH		SOLE		4,200	0	0
KINDER MORGAN INC DEL	COM	49456B101	1,027	57,515	SH		SOLE		57,515	0	0
KRAFT HEINZ CO	COM	500754106	534	6,799	SH		SOLE		6,799	0	0
LAMAR ADVERTISING CO NEW	CL A	512816109	5,172	84,096	SH		SOLE		83,696	0	400
LIBERTY PPTY TR	SH BEN INT	531172104	3,238	96,765	SH		SOLE		96,300	0	465
LIFELOCK INC	COM	53224V100	464	38,402	SH		SOLE		38,402	0	0
LILLY ELI & CO	COM	532457108	264	3,660	SH		SOLE		3,660	0	0
LOCKHEED MARTIN CORP	COM	539830109	490	2,212	SH		SOLE		2,212	0	0
MAGELLAN MIDSTREAM PRTNRS LP	COM UNIT RP LP	559080106	3,099	45,045	SH		SOLE		44,665	0	380
MATTEL INC	COM	577081102	4,332	128,851	SH		SOLE		128,236	0	615
MCCORMICK & CO INC	COM NON VTG	579780206	3,768	37,874	SH		SOLE		37,874	0	0
MCDONALDS CORP	COM	580135101	725	5,770	SH		SOLE		5,770	0	0
MCKESSON CORP	COM	58155Q103	259	1,650	SH		SOLE		1,650	0	0
MEDTRONIC PLC	SHS	G5960L103	387	5,165	SH		SOLE		5,165	0	0
MEI PHARMA INC	COM NEW	55279B202	17	13,316	SH		SOLE		13,316	0	0
MERCK & CO INC NEW	COM	58933Y105	859	16,227	SH		SOLE		16,227	0	0
MFS CHARTER INCOME TR	SH BEN INT	552727109	408	50,200	SH		SOLE		50,200	0	0
MFS GOVT MKTS INCOME TR	SH BEN INT	552939100	237	43,150	SH		SOLE		43,150	0	0
MFS MULTIMARKET INCOME TR	SH BEN INT	552737108	92	15,850	SH		SOLE		15,850	0	0
MICROSOFT CORP	COM	594918104	450	8,141	SH		SOLE		8,141	0	0
MID-AMER APT CMNTYS INC	COM	59522J103	387	3,791	SH		SOLE		3,791	0	0
MILESTONE SCIENTIFIC INC	COM NEW	59935P209	82	52,616	SH		SOLE		52,616	0	0
MOHAWK INDS INC	COM	608190104	346	1,815	SH		SOLE		1,815	0	0
MONRO MUFFLER BRAKE INC	COM	610236101	303	4,244	SH		SOLE		4,244	0	0
MONSANTO CO NEW	COM	61166W101	220	2,503	SH		SOLE		2,503	0	0
MYLAN N V	SHS EURO	N59465109	493	10,637	SH		SOLE		10,637	0	0
NATIONAL CINEMEDIA INC	COM	635309107	3,811	250,536	SH		SOLE		249,626	0	910
NATIONAL GRID PLC	SPON ADR NEW	636274300	1,007	14,099	SH		SOLE		14,099	0	0
NATIONAL RETAIL PPTYS INC	COM	637417106	5,400	116,886	SH		SOLE		116,441	0	445
NEW MEDIA INVT GROUP INC	COM	64704V106	4,246	255,193	SH		SOLE		254,708	0	485
NIKE INC	CL B	654106103	384	6,250	SH		SOLE		6,250	0	0
NORDSTROM INC	COM	655664100	229	3,996	SH		SOLE		3,996	0	0
NORTHROP GRUMMAN CORP	COM	666807102	469	2,370	SH		SOLE		2,370	0	0
NOVARTIS A G	SPONSORED ADR	66987V109	583	8,052	SH		SOLE		8,052	0	0
NUSTAR ENERGY LP	UNIT COM	67058H102	2,858	70,750	SH		SOLE		70,305	0	445
NUTRI SYS INC NEW	COM	67069D108	4,487	215,014	SH		SOLE		214,164	0	850
O REILLY AUTOMOTIVE INC NEW	COM	67103H107	232	846	SH		SOLE		846	0	0
OPKO HEALTH INC	COM	68375N103	482	46,363	SH		SOLE		46,363	0	0
PAYCHEX INC	COM	704326107	4,246	78,611	SH		SOLE		78,231	0	380
PEPSICO INC	COM	713448108	502	4,903	SH		SOLE		4,903	0	0
PERFORMANCE SPORTS GROUP LTD	COM	71377G100	46	14,420	SH		SOLE		14,420	0	0
PFIZER INC	COM	717081103	4,435	149,636	SH		SOLE		149,106	0	530
POOL CORPORATION	COM	73278L105	224	2,549	SH		SOLE		2,549	0	0
POTASH CORP SASK INC	COM	73755L107	4,425	260,016	SH		SOLE		259,031	0	985
PPL CORP	COM	69351T106	3,839	100,843	SH		SOLE		100,393	0	450
PRESTIGE BRANDS HLDGS INC	COM	74112D101	239	4,476	SH		SOLE		4,476	0	0
PRIMO WTR CORP	COM	74165N105	158	15,628	SH		SOLE		15,628	0	0
PROCTER & GAMBLE CO	COM	742718109	1,012	12,291	SH		SOLE		12,291	0	0
PUTMAN HIGH INCOME SEC FUND	SHS BEN INT	746779107	92	12,500	SH		SOLE		12,500	0	0
PUTNAM MANAGED MUN INCOM TR	COM	746823103	153	20,000	SH		SOLE		20,000	0	0
PUTNAM PREMIER INCOME TR	SH BEN INT	746853100	269	56,750	SH		SOLE		56,750	0	0
QUALCOMM INC	COM	747525103	542	10,601	SH		SOLE		10,601	0	0
RELX NV	SPONSORED ADR	75955B102	800	45,656	SH		SOLE		45,656	0	0
RYERSON HLDG CORP	COM	783754104	161	29,018	SH		SOLE		29,018	0	0
SABRA HEALTH CARE REIT INC	COM	78573L106	3,156	157,098	SH		SOLE		156,283	0	815
SANDY SPRING BANCORP INC	COM	800363103	589	21,165	SH		SOLE		21,165	0	0
SHERWIN WILLIAMS CO	COM	824348106	257	902	SH		SOLE		902	0	0
SHORE BANCSHARES INC	COM	825107105	725	60,537	SH		SOLE		60,537	0	0
SIMON PPTY GROUP INC NEW	COM	828806109	341	1,641	SH		SOLE		1,641	0	0
SIX FLAGS ENTMT CORP NEW	COM	83001A102	4,490	80,918	SH		SOLE		80,608	0	310
SMTC CORP	COM NEW	832682207	24	15,977	SH		SOLE		15,977	0	0
SPDR INDEX SHS FDS	EMERG MKTS ETF	78463X509	384	7,010	SH		SOLE		7,010	0	0
SPDR S&P 500 ETF TR	TR UNIT	78462F103	2,595	12,625	SH		SOLE		12,625	0	0
SPDR S&P MIDCAP 400 ETF TR	UTSER1 S&PDCRP	78467Y107	1,435	5,461	SH		SOLE		5,461	0	0
STAMPS COM INC	COM NEW	852857200	407	3,828	SH		SOLE		3,828	0	0
STARBUCKS CORP	COM	855244109	478	8,006	SH		SOLE		8,006	0	0
STATOIL ASA	SPONSORED ADR	85771P102	405	26,010	SH		SOLE		26,010	0	0
SUMITOMO MITSUI FINL GROUP I	SPONSORED ADR	86562M209	679	113,045	SH		SOLE		113,045	0	0
SUNCOKE ENERGY PARTNERS L P	COMUNIT REP LT	86722Y101	181	24,451	SH		SOLE		24,451	0	0
SUNEDISON INC	COM	86732Y109	6	11,500	SH		SOLE		11,500	0	0
SUNOCO LP	COM U REP LP	86765K109	340	10,250	SH		SOLE		10,250	0	0
TAIWAN SEMICONDUCTOR MFG LTD	SPONSORED ADR	874039100	468	17,855	SH		SOLE		17,855	0	0
TARGA RES CORP	COM	87612G101	6,257	209,530	SH		SOLE		208,678	0	852
TEEKAY LNG PARTNERS L P	PRTNRSP UNITS	Y8564M105	910	71,804	SH		SOLE		70,304	0	1,500
TEEKAY OFFSHORE PARTNERS L P	PARTNERSHIP UN	Y8565J101	979	172,680	SH		SOLE		172,680	0	0
TEMPLETON GLOBAL INCOME FD	COM	880198106	82	12,500	SH		SOLE		12,500	0	0
TEVA PHARMACEUTICAL INDS LTD	ADR	881624209	223	4,168	SH		SOLE		4,168	0	0
TIME WARNER INC	COM NEW	887317303	733	10,101	SH		SOLE		10,101	0	0
TOTAL S A	SPONSORED ADR	89151E109	463	10,185	SH		SOLE		10,185	0	0
TOYOTA MOTOR CORP	SP ADR REP2COM	892331307	534	5,020	SH		SOLE		5,020	0	0
TRAVELCENTERS AMER LLC	COM	894174101	82	12,090	SH		SOLE		12,090	0	0
UNITED RENTALS INC	COM	911363109	310	4,980	SH		SOLE		4,980	0	0
UNITED TECHNOLOGIES CORP	COM	913017109	362	3,616	SH		SOLE		3,616	0	0
VANGUARD INDEX FDS	SM CP VAL ETF	922908611	219	2,145	SH		SOLE		2,145	0	0
VANGUARD INDEX FDS	MID CAP ETF	922908629	222	1,833	SH		SOLE		1,833	0	0
VANGUARD INDEX FDS	SMALL CP ETF	922908751	2,394	21,469	SH		SOLE		21,469	0	0
VANGUARD INTL EQUITY INDEX F	ALLWRLD EX US	922042775	415	9,625	SH		SOLE		9,625	0	0
VANGUARD NAT RES LLC	COM UNIT	92205F106	153	105,093	SH		SOLE		105,093	0	0
VANGUARD WORLD FD	EXTENDED DUR	921910709	1,807	14,250	SH		SOLE		14,250	0	0
VENTAS INC	COM	92276F100	4,468	70,961	SH		SOLE		70,691	0	270
VERIZON COMMUNICATIONS INC	COM	92343V104	5,727	105,893	SH		SOLE		105,543	0	350
VIACOM INC NEW	CL B	92553P201	293	7,100	SH		SOLE		7,100	0	0
VMWARE INC	CL A COM	928563402	205	3,917	SH		SOLE		3,917	0	0
WALGREENS BOOTS ALLIANCE INC	COM	931427108	434	5,150	SH		SOLE		5,150	0	0
WELLS FARGO & CO NEW	COM	949746101	565	11,679	SH		SOLE		11,679	0	0
WELLTOWER INC	COM	95040Q104	423	6,100	SH		SOLE		6,100	0	0
WESTERN ASSET HIGH INCM OPP	COM	95766K109	129	27,500	SH		SOLE		27,500	0	0
WESTERN ASSET MGD HI INCM FD	COM	95766L107	55	12,500	SH		SOLE		12,500	0	0
WESTERN ASSET MUN HI INCM FD	COM	95766N103	204	25,000	SH		SOLE		25,000	0	0
WESTPAC BKG CORP	SPONSORED ADR	961214301	645	27,710	SH		SOLE		27,710	0	0
XERIUM TECHNOLOGIES INC	COM NEW	98416J118	70	13,482	SH		SOLE		13,482	0	0
ZIMMER BIOMET HLDGS INC	COM	98956P102	320	3,005	SH		SOLE		3,005	0	0