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	232	25,737	SH		SOLE		25,737	0	0
3M CO	COM	88579Y101	427	2,440	SH		SOLE		2,440	0	0
ABBOTT LABS	COM	002824100	485	12,343	SH		SOLE		12,343	0	0
ABBVIE INC	COM	00287Y109	995	16,072	SH		SOLE		16,072	0	0
ALBANY INTL CORP	CL A	012348108	448	11,230	SH		SOLE		11,230	0	0
ALLERGAN PLC	SHS	G0177J108	228	986	SH		SOLE		986	0	0
ALPHABET INC	CAP STK CL C	02079K107	637	920	SH		SOLE		920	0	0
ALPHABET INC	CAP STK CL A	02079K305	459	652	SH		SOLE		652	0	0
ALPS ETF TR	ALERIAN MLP	00162Q866	351	27,625	SH		SOLE		27,625	0	0
ALTRIA GROUP INC	COM	02209S103	575	8,331	SH		SOLE		8,331	0	0
AMAZON COM INC	COM	023135106	240	336	SH		SOLE		336	0	0
AMERICAN WTR WKS CO INC NEW	COM	030420103	972	11,500	SH		SOLE		11,500	0	0
AMGEN INC	COM	031162100	671	4,411	SH		SOLE		4,411	0	0
ANHEUSER BUSCH INBEV SA/NV	SPONSORED ADR	03524A108	326	2,475	SH		SOLE		2,475	0	0
APPLE INC	COM	037833100	1,421	14,867	SH		SOLE		14,867	0	0
APPLIED MATLS INC	COM	038222105	416	17,335	SH		SOLE		17,335	0	0
AT&T INC	COM	00206R102	804	18,603	SH		SOLE		18,603	0	0
B & G FOODS INC NEW	COM	05508R106	6,101	126,570	SH		SOLE		126,100	0	470
BANCO DE CHILE	SPONSORED ADR	059520106	305	4,763	SH		SOLE		4,763	0	0
BERKSHIRE HATHAWAY INC DEL	CL B NEW	084670702	281	1,941	SH		SOLE		1,941	0	0
BLACKROCK INC	COM	09247X101	208	606	SH		SOLE		606	0	0
BRISTOL MYERS SQUIBB CO	COM	110122108	1,138	15,475	SH		SOLE		15,475	0	0
BRIXMOR PPTY GROUP INC	COM	11120U105	452	17,080	SH		SOLE		17,080	0	0
CALUMET SPECIALTY PRODS PTNR	UT LTD PARTNER	131476103	106	21,590	SH		SOLE		21,590	0	0
CANTEL MEDICAL CORP	COM	138098108	310	4,509	SH		SOLE		4,509	0	0
CARE CAP PPTYS INC	COM	141624106	244	9,321	SH		SOLE		9,321	0	0
CELGENE CORP	COM	151020104	525	5,322	SH		SOLE		5,322	0	0
CHANTICLEER HLDGS INC	COM PAR $.0001 N	15930P404	26	59,890	SH		SOLE		59,890	0	0
CHEVRON CORP NEW	COM	166764100	4,924	46,969	SH		SOLE		46,744	0	225
CHINA MOBILE LIMITED	SPONSORED ADR	16941M109	419	7,244	SH		SOLE		7,244	0	0
CISCO SYS INC	COM	17275R102	716	24,940	SH		SOLE		24,940	0	0
CNOOC LTD	SPONSORED ADR	126132109	216	1,730	SH		SOLE		1,730	0	0
COCA COLA CO	COM	191216100	914	20,160	SH		SOLE		20,160	0	0
COLGATE PALMOLIVE CO	COM	194162103	202	2,757	SH		SOLE		2,757	0	0
COMMUNICATIONS SALES&LEAS IN	COM	20341J104	680	23,513	SH		SOLE		23,513	0	0
COMPASS DIVERSIFIED HOLDINGS	SH BEN INT	20451Q104	4,218	254,243	SH		SOLE		253,313	0	930
COMPUTER PROGRAMS & SYS INC	COM	205306103	4,393	110,048	SH		SOLE		109,573	0	475
CREDIT SUISSE ASSET MGMT INC	COM	224916106	196	67,000	SH		SOLE		67,000	0	0
CREDIT SUISSE NASSAU BRH	X LINK CUSH MLP	22542D852	1,917	90,081	SH		SOLE		90,081	0	0
CUTWATER SELECT INCOME FD	COM	232229104	208	10,500	SH		SOLE		10,500	0	0
DELPHI AUTOMOTIVE PLC	SHS	G27823106	303	4,833	SH		SOLE		4,833	0	0
DHI GROUP INC	COM	23331S100	174	27,998	SH		SOLE		27,998	0	0
DIGITAL RLTY TR INC	COM	253868103	6,531	59,922	SH		SOLE		59,682	0	240
DISNEY WALT CO	COM DISNEY	254687106	736	7,521	SH		SOLE		7,521	0	0
DOMINION RES INC VA NEW	COM	25746U109	576	7,396	SH		SOLE		7,396	0	0
DOUGLAS DYNAMICS INC	COM	25960R105	5,343	207,669	SH		SOLE		206,959	0	710
DOW CHEM CO	COM	260543103	477	9,605	SH		SOLE		9,605	0	0
DU PONT E I DE NEMOURS & CO	COM	263534109	439	6,776	SH		SOLE		6,776	0	0
DUKE ENERGY CORP NEW	COM NEW	26441C204	4,777	55,677	SH		SOLE		55,454	0	223
EASTERLY GOVT PPTYS INC	COM	27616P103	600	30,417	SH		SOLE		30,417	0	0
ENBRIDGE ENERGY MANAGEMENT L	SHS UNITS LLI	29250X103	1,786	77,617	SH		SOLE		77,617	0	0
ENERGY TRANSFER EQUITY L P	COM UT LTD PTN	29273V100	154	10,750	SH		SOLE		10,750	0	0
ENTERPRISE PRODS PARTNERS L	COM	293792107	3,182	108,746	SH		SOLE		108,026	0	720
EVEREST RE GROUP LTD	COM	G3223R108	222	1,217	SH		SOLE		1,217	0	0
EXPRESS SCRIPTS HLDG CO	COM	30219G108	239	3,159	SH		SOLE		3,159	0	0
EXXON MOBIL CORP	COM	30231G102	1,368	14,593	SH		SOLE		14,593	0	0
FARMLAND PARTNERS INC	COM	31154R109	4,157	367,197	SH		SOLE		365,677	0	1,520
FELCOR LODGING TR INC	COM	31430F101	179	28,785	SH		SOLE		28,785	0	0
FISERV INC	COM	337738108	394	3,620	SH		SOLE		3,620	0	0
FLY LEASING LTD	SPONSORED ADR	34407D109	346	34,833	SH		SOLE		34,833	0	0
GARMIN LTD	SHS	H2906T109	3,890	91,700	SH		SOLE		91,375	0	325
GENERAL ELECTRIC CO	COM	369604103	1,576	50,051	SH		SOLE		50,051	0	0
GENERAL MTRS CO	COM	37045V100	4,274	151,039	SH		SOLE		150,474	0	565
GILEAD SCIENCES INC	COM	375558103	247	2,960	SH		SOLE		2,960	0	0
GLAXOSMITHKLINE PLC	SPONSORED ADR	37733W105	814	18,782	SH		SOLE		18,782	0	0
GPO AEROPORTUARIO DEL PAC SA	SPON ADR B	400506101	1,031	10,045	SH		SOLE		10,045	0	0
GRAY TELEVISION INC	COM	389375106	265	24,464	SH		SOLE		24,464	0	0
HANNON ARMSTRONG SUST INFR C	COM	41068X100	6,716	310,903	SH		SOLE		309,353	0	1,550
HEALTHCARE RLTY TR	COM	421946104	389	11,125	SH		SOLE		11,125	0	0
HERCULES CAPITAL INC	COM	427096508	4,488	361,344	SH		SOLE		359,894	0	1,450
HERITAGE CRYSTAL CLEAN INC	COM	42726M106	186	15,235	SH		SOLE		15,235	0	0
HOME DEPOT INC	COM	437076102	1,583	12,394	SH		SOLE		12,394	0	0
HUDSON TECHNOLOGIES INC	COM	444144109	124	34,390	SH		SOLE		34,390	0	0
INTEL CORP	COM	458140100	289	8,802	SH		SOLE		8,802	0	0
INTERNATIONAL BUSINESS MACHS	COM	459200101	504	3,322	SH		SOLE		3,322	0	0
INVESCO BD FD	COM	46132L107	227	12,000	SH		SOLE		12,000	0	0
IRON MTN INC NEW	COM	46284V101	5,704	143,197	SH		SOLE		142,567	0	630
ISHARES TR	SELECT DIVID ETF	464287168	213	2,500	SH		SOLE		2,500	0	0
ISHARES TR	CORE S&P500 ETF	464287200	991	4,710	SH		SOLE		4,710	0	0
ISHARES TR	20 YR TR BD ETF	464287432	226	1,625	SH		SOLE		1,625	0	0
ISHARES TR	MSCI EAFE ETF	464287465	432	7,741	SH		SOLE		7,741	0	0
ISHARES TR	RUS MID-CAP ETF	464287499	1,022	6,074	SH		SOLE		6,074	0	0
JERNIGAN CAP INC	COM	476405105	181	12,950	SH		SOLE		12,950	0	0
JOHNSON & JOHNSON	COM	478160104	2,473	20,385	SH		SOLE		20,385	0	0
JPMORGAN CHASE & CO	COM	46625H100	835	13,439	SH		SOLE		13,439	0	0
KIMBERLY CLARK CORP	COM	494368103	593	4,313	SH		SOLE		4,313	0	0
KINDER MORGAN INC DEL	COM	49456B101	1,244	66,455	SH		SOLE		66,455	0	0
KRAFT HEINZ CO	COM	500754106	610	6,896	SH		SOLE		6,896	0	0
LAMAR ADVERTISING CO NEW	CL A	512816109	5,627	84,871	SH		SOLE		84,471	0	400
LAZARD LTD	SHS A	G54050102	439	14,750	SH		SOLE		14,750	0	0
LIFELOCK INC	COM	53224V100	633	40,017	SH		SOLE		40,017	0	0
LILLY ELI & CO	COM	532457108	371	4,710	SH		SOLE		4,710	0	0
LOCKHEED MARTIN CORP	COM	539830109	640	2,580	SH		SOLE		2,580	0	0
MAGELLAN MIDSTREAM PRTNRS LP	COM UNIT RP LP	559080106	3,335	43,885	SH		SOLE		43,505	0	380
MATTEL INC	COM	577081102	4,120	131,661	SH		SOLE		131,046	0	615
MCCORMICK & CO INC	COM NON VTG	579780206	4,040	37,874	SH		SOLE		37,874	0	0
MCDONALDS CORP	COM	580135101	673	5,595	SH		SOLE		5,595	0	0
MCKESSON CORP	COM	58155Q103	309	1,657	SH		SOLE		1,657	0	0
MEDTRONIC PLC	SHS	G5960L103	440	5,070	SH		SOLE		5,070	0	0
MEI PHARMA INC	COM NEW	55279B202	18	13,316	SH		SOLE		13,316	0	0
MERCK & CO INC	COM	58933Y105	882	15,302	SH		SOLE		15,302	0	0
MFS CHARTER INCOME TR	SH BEN INT	552727109	404	47,700	SH		SOLE		47,700	0	0
MFS GOVT MKTS INCOME TR	SH BEN INT	552939100	233	43,150	SH		SOLE		43,150	0	0
MFS MULTIMARKET INCOME TR	SH BEN INT	552737108	96	15,850	SH		SOLE		15,850	0	0
MICROSOFT CORP	COM	594918104	500	9,781	SH		SOLE		9,781	0	0
MID-AMER APT CMNTYS INC	COM	59522J103	385	3,616	SH		SOLE		3,616	0	0
MILESTONE SCIENTIFIC INC	COM NEW	59935P209	147	52,616	SH		SOLE		52,616	0	0
MOHAWK INDS INC	COM	608190104	329	1,735	SH		SOLE		1,735	0	0
MONRO MUFFLER BRAKE INC	COM	610236101	270	4,244	SH		SOLE		4,244	0	0
MORGAN STANLEY TRUSTS	INCOME SECS INC	61745P874	184	10,025	SH		SOLE		10,025	0	0
MYLAN N V	SHS EURO	N59465109	449	10,377	SH		SOLE		10,377	0	0
NATIONAL CINEMEDIA INC	COM	635309107	4,012	259,200	SH		SOLE		258,290	0	910
NATIONAL GRID PLC	SPON ADR NEW	636274300	1,158	15,574	SH		SOLE		15,574	0	0
NATIONAL RETAIL PPTYS INC	COM	637417106	5,951	115,065	SH		SOLE		114,620	0	445
NEW MEDIA INVT GROUP INC	COM	64704V106	4,777	264,377	SH		SOLE		263,892	0	485
NEWELL BRANDS INC	COM	651229106	299	6,152	SH		SOLE		6,152	0	0
NIKE INC	CL B	654106103	262	4,750	SH		SOLE		4,750	0	0
NORTHROP GRUMMAN CORP	COM	666807102	529	2,380	SH		SOLE		2,380	0	0
NOVARTIS A G	SPONSORED ADR	66987V109	664	8,052	SH		SOLE		8,052	0	0
NUSTAR ENERGY LP	UNIT COM	67058H102	3,469	69,663	SH		SOLE		69,218	0	445
NUTRI SYS INC NEW	COM	67069D108	427	16,852	SH		SOLE		16,852	0	0
OPKO HEALTH INC	COM	68375N103	436	46,661	SH		SOLE		46,661	0	0
PALO ALTO NETWORKS INC	COM	697435105	421	3,432	SH		SOLE		3,432	0	0
PEPSICO INC	COM	713448108	503	4,745	SH		SOLE		4,745	0	0
PERFORMANCE SPORTS GROUP LTD	COM	71377G100	39	12,835	SH		SOLE		12,835	0	0
PERRIGO CO PLC	SHS	G97822103	273	3,012	SH		SOLE		3,012	0	0
PFIZER INC	COM	717081103	5,375	152,650	SH		SOLE		152,120	0	530
POOL CORPORATION	COM	73278L105	240	2,549	SH		SOLE		2,549	0	0
POTASH CORP SASK INC	COM	73755L107	4,343	267,420	SH		SOLE		266,435	0	985
POWERSHARES ETF TR II	VAR RATE PFD POR	73937B597	211	8,500	SH		SOLE		8,500	0	0
PPL CORP	COM	69351T106	3,893	103,117	SH		SOLE		102,667	0	450
PRESTIGE BRANDS HLDGS INC	COM	74112D101	248	4,476	SH		SOLE		4,476	0	0
PRIMO WTR CORP	COM	74165N105	185	15,628	SH		SOLE		15,628	0	0
PROCTER & GAMBLE CO	COM	742718109	1,148	13,557	SH		SOLE		13,557	0	0
PUTMAN HIGH INCOME SEC FUND	SHS BEN INT	746779107	153	20,000	SH		SOLE		20,000	0	0
PUTNAM MANAGED MUN INCOM TR	COM	746823103	161	20,000	SH		SOLE		20,000	0	0
PUTNAM PREMIER INCOME TR	SH BEN INT	746853100	220	46,750	SH		SOLE		46,750	0	0
QUALCOMM INC	COM	747525103	4,830	90,154	SH		SOLE		89,784	0	370
RANGE RES CORP	COM	75281A109	236	5,459	SH		SOLE		5,459	0	0
RELX NV	SPONSORED ADR	75955B102	880	50,531	SH		SOLE		50,531	0	0
RYERSON HLDG CORP	COM	783754104	253	14,448	SH		SOLE		14,448	0	0
RYMAN HOSPITALITY PPTYS INC	COM	78377T107	4,264	84,195	SH		SOLE		83,800	0	395
SABRA HEALTH CARE REIT INC	COM	78573L106	3,604	174,663	SH		SOLE		173,848	0	815
SANDY SPRING BANCORP INC	COM	800363103	615	21,165	SH		SOLE		21,165	0	0
SHERWIN WILLIAMS CO	COM	824348106	249	847	SH		SOLE		847	0	0
SHORE BANCSHARES INC	COM	825107105	685	58,337	SH		SOLE		58,337	0	0
SIMON PPTY GROUP INC NEW	COM	828806109	349	1,607	SH		SOLE		1,607	0	0
SIX FLAGS ENTMT CORP NEW	COM	83001A102	4,780	82,480	SH		SOLE		82,170	0	310
SMTC CORP	COM NEW	832682207	24	15,977	SH		SOLE		15,977	0	0
SOUTHERN CO	COM	842587107	217	4,055	SH		SOLE		4,055	0	0
SPDR INDEX SHS FDS	EMERG MKTS ETF	78463X509	389	7,010	SH		SOLE		7,010	0	0
SPDR S&P 500 ETF TR	TR UNIT	78462F103	2,645	12,629	SH		SOLE		12,629	0	0
SPDR S&P MIDCAP 400 ETF TR	UTSER1 S&PDCRP	78467Y107	1,505	5,527	SH		SOLE		5,527	0	0
STAMPS COM INC	COM NEW	852857200	335	3,828	SH		SOLE		3,828	0	0
STARBUCKS CORP	COM	855244109	517	9,056	SH		SOLE		9,056	0	0
STATOIL ASA	SPONSORED ADR	85771P102	467	26,950	SH		SOLE		26,950	0	0
SUMITOMO MITSUI FINL GROUP I	SPONSORED ADR	86562M209	717	125,335	SH		SOLE		125,335	0	0
SUNCOKE ENERGY PARTNERS L P	COMUNIT REP LT	86722Y101	269	24,951	SH		SOLE		24,951	0	0
SUNOCO LP	COM U REP LP	86765K109	311	10,375	SH		SOLE		10,375	0	0
TAIWAN SEMICONDUCTOR MFG LTD	SPONSORED ADR	874039100	513	19,570	SH		SOLE		19,570	0	0
TARGA RES CORP	COM	87612G101	8,472	201,044	SH		SOLE		200,192	0	852
TEEKAY LNG PARTNERS L P	PRTNRSP UNITS	Y8564M105	783	69,605	SH		SOLE		68,105	0	1,500
TEEKAY OFFSHORE PARTNERS L P	PARTNERSHIP UN	Y8565J101	1,464	245,996	SH		SOLE		245,996	0	0
TEMPLETON GLOBAL INCOME FD	COM	880198106	80	12,500	SH		SOLE		12,500	0	0
TIME WARNER INC	COM NEW	887317303	675	9,175	SH		SOLE		9,175	0	0
TOTAL S A	SPONSORED ADR	89151E109	544	11,315	SH		SOLE		11,315	0	0
TOYOTA MOTOR CORP	SP ADR REP2COM	892331307	551	5,510	SH		SOLE		5,510	0	0
TRAVELCENTERS AMER LLC	COM	894174101	99	12,090	SH		SOLE		12,090	0	0
UNION PAC CORP	COM	907818108	200	2,292	SH		SOLE		2,292	0	0
UNITED RENTALS INC	COM	911363109	337	5,025	SH		SOLE		5,025	0	0
UNITED TECHNOLOGIES CORP	COM	913017109	396	3,866	SH		SOLE		3,866	0	0
VANGUARD INDEX FDS	SM CP VAL ETF	922908611	226	2,145	SH		SOLE		2,145	0	0
VANGUARD INDEX FDS	MID CAP ETF	922908629	227	1,833	SH		SOLE		1,833	0	0
VANGUARD INDEX FDS	SMALL CP ETF	922908751	2,580	22,305	SH		SOLE		22,305	0	0
VANGUARD INTL EQUITY INDEX F	ALLWRLD EX US	922042775	412	9,625	SH		SOLE		9,625	0	0
VANGUARD NAT RES LLC	COM UNIT	92205F106	98	69,338	SH		SOLE		69,338	0	0
VANGUARD WORLD FD	EXTENDED DUR	921910709	1,934	14,000	SH		SOLE		14,000	0	0
VENTAS INC	COM	92276F100	4,938	67,814	SH		SOLE		67,544	0	270
VERIZON COMMUNICATIONS INC	COM	92343V104	6,067	108,645	SH		SOLE		108,295	0	350
VMWARE INC	CL A COM	928563402	223	3,902	SH		SOLE		3,902	0	0
WALGREENS BOOTS ALLIANCE INC	COM	931427108	418	5,025	SH		SOLE		5,025	0	0
WELLS FARGO & CO NEW	COM	949746101	443	9,365	SH		SOLE		9,365	0	0
WELLTOWER INC	COM	95040Q104	465	6,100	SH		SOLE		6,100	0	0
WESTERN ASSET HIGH INCM OPP	COM	95766K109	135	27,500	SH		SOLE		27,500	0	0
WESTERN ASSET MGD HI INCM FD	COM	95766L107	59	12,500	SH		SOLE		12,500	0	0
WESTERN ASSET MUN HI INCM FD	COM	95766N103	206	25,000	SH		SOLE		25,000	0	0
WESTERN DIGITAL CORP	COM	958102105	6,703	141,831	SH		SOLE		141,221	0	610
WESTPAC BKG CORP	SPONSORED ADR	961214301	674	30,505	SH		SOLE		30,505	0	0
XERIUM TECHNOLOGIES INC	COM NEW	98416J118	86	13,482	SH		SOLE		13,482	0	0
ZIMMER BIOMET HLDGS INC	COM	98956P102	349	2,896	SH		SOLE		2,896	0	0