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
3M CO	COM	88579Y101	239	1,249	SH		SOLE		1,249	0	0
ABBOTT LABS	COM	002824100	642	14,452	SH		SOLE		14,452	0	0
ABBVIE INC	COM	00287Y109	897	13,766	SH		SOLE		13,766	0	0
ALBANY INTL CORP	CL A	012348108	460	9,979	SH		SOLE		9,979	0	0
ALPHABET INC	CAP STK CL C	02079K107	548	661	SH		SOLE		661	0	0
ALPHABET INC	CAP STK CL A	02079K305	340	401	SH		SOLE		401	0	0
ALPS ETF TR	ALERIAN MLP	00162Q866	346	27,225	SH		SOLE		27,225	0	0
ALTRIA GROUP INC	COM	02209S103	494	6,913	SH		SOLE		6,913	0	0
AMAZON COM INC	COM	023135106	305	344	SH		SOLE		344	0	0
AMERICAN ELEC PWR INC	COM	025537101	570	8,490	SH		SOLE		8,490	0	0
AMERICAN WTR WKS CO INC NEW	COM	030420103	525	6,750	SH		SOLE		6,750	0	0
AMGEN INC	COM	031162100	937	5,712	SH		SOLE		5,712	0	0
ANHEUSER BUSCH INBEV SA/NV	SPONSORED ADR	03524A108	357	3,250	SH		SOLE		3,250	0	0
APPLE INC	COM	037833100	1,495	10,405	SH		SOLE		10,405	0	0
APPLIED MATLS INC	COM	038222105	761	19,575	SH		SOLE		19,575	0	0
AT&T INC	COM	00206R102	924	22,238	SH		SOLE		22,238	0	0
B & G FOODS INC NEW	COM	05508R106	5,097	126,642	SH		SOLE		126,106	0	535
BANCO DE CHILE	SPONSORED ADR	059520106	511	7,077	SH		SOLE		7,077	0	0
BERKSHIRE HATHAWAY INC DEL	CL B NEW	084670702	314	1,882	SH		SOLE		1,882	0	0
BLACKSTONE GROUP L P	COM UNIT LTD	09253U108	541	18,200	SH		SOLE		18,200	0	0
BRISTOL MYERS SQUIBB CO	COM	110122108	697	12,817	SH		SOLE		12,817	0	0
BRIXMOR PPTY GROUP INC	COM	11120U105	576	26,845	SH		SOLE		26,845	0	0
CELGENE CORP	COM	151020104	720	5,786	SH		SOLE		5,786	0	0
CHEVRON CORP NEW	COM	166764100	4,222	39,326	SH		SOLE		39,094	0	232
CHINA MOBILE LIMITED	SPONSORED ADR	16941M109	568	10,289	SH		SOLE		10,289	0	0
CISCO SYS INC	COM	17275R102	1,040	30,762	SH		SOLE		30,762	0	0
COCA COLA CO	COM	191216100	424	10,000	SH		SOLE		10,000	0	0
COMPASS DIVERSIFIED HOLDINGS	SH BEN INT	20451Q104	3,653	220,031	SH		SOLE		219,064	0	967
CREDIT SUISSE ASSET MGMT INC	COM	224916106	172	52,000	SH		SOLE		52,000	0	0
DELPHI AUTOMOTIVE PLC	SHS	G27823106	624	7,753	SH		SOLE		7,753	0	0
DIGITAL RLTY TR INC	COM	253868103	4,863	45,708	SH		SOLE		45,464	0	244
DISNEY WALT CO	COM DISNEY	254687106	453	3,992	SH		SOLE		3,992	0	0
DOMINION RES INC VA NEW	COM	25746U109	303	3,908	SH		SOLE		3,908	0	0
DOUGLAS DYNAMICS INC	COM	25960R105	5,149	167,994	SH		SOLE		167,273	0	720
DOW CHEM CO	COM	260543103	729	11,479	SH		SOLE		11,479	0	0
DU PONT E I DE NEMOURS & CO	COM	263534109	275	3,427	SH		SOLE		3,427	0	0
DUKE ENERGY CORP NEW	COM NEW	26441C204	3,871	47,198	SH		SOLE		46,968	0	230
EASTERLY GOVT PPTYS INC	COM	27616P103	339	17,154	SH		SOLE		17,154	0	0
EDUCATION RLTY TR INC	COM NEW	28140H203	257	6,290	SH		SOLE		6,290	0	0
ENBRIDGE ENERGY MANAGEMENT L	SHS UNITS LLI	29250X103	798	43,302	SH		SOLE		43,302	0	0
ENERGY TRANSFER EQUITY L P	COM UT LTD PTN	29273V100	254	12,875	SH		SOLE		12,875	0	0
ENTERPRISE PRODS PARTNERS L	COM	293792107	3,483	126,134	SH		SOLE		125,392	0	742
EVEREST RE GROUP LTD	COM	G3223R108	318	1,362	SH		SOLE		1,362	0	0
EXXON MOBIL CORP	COM	30231G102	1,071	13,062	SH		SOLE		13,062	0	0
FACEBOOK INC	CL A	30303M102	917	6,456	SH		SOLE		6,456	0	0
FARMLAND PARTNERS INC	COM	31154R109	3,749	335,652	SH		SOLE		334,095	0	1,557
FISERV INC	COM	337738108	646	5,600	SH		SOLE		5,600	0	0
GARMIN LTD	SHS	H2906T109	3,677	71,949	SH		SOLE		71,617	0	332
GENERAL ELECTRIC CO	COM	369604103	962	32,293	SH		SOLE		32,293	0	0
GENERAL MTRS CO	COM	37045V100	4,718	133,427	SH		SOLE		132,842	0	584
GLAXOSMITHKLINE PLC	SPONSORED ADR	37733W105	999	23,697	SH		SOLE		23,697	0	0
GPO AEROPORTUARIO DEL PAC SA	SPON ADR B	400506101	1,352	13,920	SH		SOLE		13,920	0	0
HANESBRANDS INC	COM	410345102	603	29,046	SH		SOLE		29,046	0	0
HANNON ARMSTRONG SUST INFR C	COM	41068X100	5,692	281,769	SH		SOLE		280,171	0	1,597
HERCULES CAPITAL INC	COM	427096508	4,628	305,895	SH		SOLE		304,347	0	1,548
HOME DEPOT INC	COM	437076102	1,984	13,509	SH		SOLE		13,509	0	0
INTEL CORP	COM	458140100	496	13,758	SH		SOLE		13,758	0	0
INTERNATIONAL BUSINESS MACHS	COM	459200101	656	3,767	SH		SOLE		3,767	0	0
INVESCO BD FD	COM	46132L107	416	22,000	SH		SOLE		22,000	0	0
IRON MTN INC NEW	COM	46284V101	4,415	123,779	SH		SOLE		123,130	0	649
ISHARES TR	SELECT DIVID ETF	464287168	228	2,500	SH		SOLE		2,500	0	0
ISHARES TR	CORE S&P500 ETF	464287200	297	1,250	SH		SOLE		1,250	0	0
ISHARES TR	MSCI EAFE ETF	464287465	526	8,441	SH		SOLE		8,441	0	0
ISHARES TR	RUS MID CAP ETF	464287499	1,174	6,273	SH		SOLE		6,273	0	0
JOHNSON & JOHNSON	COM	478160104	1,869	15,005	SH		SOLE		15,005	0	0
JPMORGAN CHASE & CO	COM	46625H100	793	9,023	SH		SOLE		9,023	0	0
KIMBERLY CLARK CORP	COM	494368103	571	4,336	SH		SOLE		4,336	0	0
KINDER MORGAN INC DEL	COM	49456B101	873	40,166	SH		SOLE		40,166	0	0
KRAFT HEINZ CO	COM	500754106	604	6,647	SH		SOLE		6,647	0	0
LAMAR ADVERTISING CO NEW	CL A	512816109	5,179	69,297	SH		SOLE		69,003	0	294
LAS VEGAS SANDS CORP	COM	517834107	1,041	18,240	SH		SOLE		18,240	0	0
LAZARD LTD	SHS A	G54050102	844	18,350	SH		SOLE		18,350	0	0
LILLY ELI & CO	COM	532457108	455	5,410	SH		SOLE		5,410	0	0
LOCKHEED MARTIN CORP	COM	539830109	602	2,251	SH		SOLE		2,251	0	0
MAGELLAN MIDSTREAM PRTNRS LP	COM UNIT RP LP	559080106	3,233	42,035	SH		SOLE		41,642	0	393
MARRIOTT INTL INC NEW	CL A	571903202	467	4,954	SH		SOLE		4,954	0	0
MATTEL INC	COM	577081102	4,456	173,986	SH		SOLE		173,120	0	865
MCCORMICK & CO INC	COM NON VTG	579780206	8,086	82,887	SH		SOLE		82,887	0	0
MCDONALDS CORP	COM	580135101	400	3,087	SH		SOLE		3,087	0	0
MEDTRONIC PLC	SHS	G5960L103	607	7,535	SH		SOLE		7,535	0	0
MERCK & CO INC	COM	58933Y105	728	11,460	SH		SOLE		11,460	0	0
MFS CHARTER INCOME TR	SH BEN INT	552727109	497	57,700	SH		SOLE		57,700	0	0
MFS GOVT MKTS INCOME TR	SH BEN INT	552939100	165	33,400	SH		SOLE		33,400	0	0
MFS MULTIMARKET INCOME TR	SH BEN INT	552737108	97	15,850	SH		SOLE		15,850	0	0
MICROSOFT CORP	COM	594918104	689	10,465	SH		SOLE		10,465	0	0
MID AMER APT CMNTYS INC	COM	59522J103	532	5,233	SH		SOLE		5,233	0	0
MILESTONE SCIENTIFIC INC	COM NEW	59935P209	34	25,000	SH		SOLE		25,000	0	0
MOHAWK INDS INC	COM	608190104	559	2,436	SH		SOLE		2,436	0	0
MYLAN N V	SHS EURO	N59465109	484	12,412	SH		SOLE		12,412	0	0
NATIONAL CINEMEDIA INC	COM	635309107	2,984	236,286	SH		SOLE		235,332	0	953
NATIONAL GRID PLC	SPON ADR NEW	636274300	1,421	22,385	SH		SOLE		22,385	0	0
NATIONAL RETAIL PPTYS INC	COM	637417106	3,983	91,301	SH		SOLE		90,842	0	459
NEW MEDIA INVT GROUP INC	COM	64704V106	3,549	249,739	SH		SOLE		248,503	0	1,236
NEWELL BRANDS INC	COM	651229106	463	9,807	SH		SOLE		9,807	0	0
NIKE INC	CL B	654106103	228	4,100	SH		SOLE		4,100	0	0
NORTHROP GRUMMAN CORP	COM	666807102	603	2,535	SH		SOLE		2,535	0	0
NOVARTIS A G	SPONSORED ADR	66987V109	470	6,325	SH		SOLE		6,325	0	0
NUSTAR ENERGY LP	UNIT COM	67058H102	3,518	67,689	SH		SOLE		67,214	0	475
ONEOK INC NEW	COM	682680103	896	16,154	SH		SOLE		16,154	0	0
OPKO HEALTH INC	COM	68375N103	80	10,000	SH		SOLE		10,000	0	0
PALO ALTO NETWORKS INC	COM	697435105	537	4,763	SH		SOLE		4,763	0	0
PARTY CITY HOLDCO INC	COM	702149105	419	29,843	SH		SOLE		29,843	0	0
PEPSICO INC	COM	713448108	472	4,222	SH		SOLE		4,222	0	0
PFIZER INC	COM	717081103	4,701	137,414	SH		SOLE		136,869	0	545
PITNEY BOWES INC	COM	724479100	3,887	296,486	SH		SOLE		295,091	0	1,395
PPL CORP	COM	69351T106	3,318	88,735	SH		SOLE		88,275	0	460
PROCTER AND GAMBLE CO	COM	742718109	976	10,861	SH		SOLE		10,861	0	0
PUTMAN HIGH INCOME SEC FUND	SHS BEN INT	746779107	238	27,500	SH		SOLE		27,500	0	0
PUTNAM MANAGED MUN INCOM TR	COM	746823103	145	20,000	SH		SOLE		20,000	0	0
PUTNAM PREMIER INCOME TR	SH BEN INT	746853100	194	36,750	SH		SOLE		36,750	0	0
QUALCOMM INC	COM	747525103	4,806	83,816	SH		SOLE		83,436	0	380
RELX NV	SPONSORED ADR	75955B102	1,227	66,092	SH		SOLE		66,092	0	0
ROYAL DUTCH SHELL PLC	SPON ADR B	780259107	1,060	18,980	SH		SOLE		18,980	0	0
RYMAN HOSPITALITY PPTYS INC	COM	78377T107	4,802	77,668	SH		SOLE		77,262	0	406
SABRA HEALTH CARE REIT INC	COM	78573L106	4,427	158,501	SH		SOLE		157,643	0	858
SANDY SPRING BANCORP INC	COM	800363103	842	20,547	SH		SOLE		20,547	0	0
SASOL LTD	SPONSORED ADR	803866300	288	9,790	SH		SOLE		9,790	0	0
SCORPIO TANKERS INC	SHS	Y7542C106	3,323	748,441	SH		SOLE		744,916	0	3,525
SHERWIN WILLIAMS CO	COM	824348106	398	1,283	SH		SOLE		1,283	0	0
SHORE BANCSHARES INC	COM	825107105	1,040	62,268	SH		SOLE		62,268	0	0
SIMON PPTY GROUP INC NEW	COM	828806109	216	1,257	SH		SOLE		1,257	0	0
SIX FLAGS ENTMT CORP NEW	COM	83001A102	4,294	72,176	SH		SOLE		71,855	0	320
SMTC CORP	COM NEW	832682207	20	15,977	SH		SOLE		15,977	0	0
SOUTHERN CO	COM	842587107	328	6,582	SH		SOLE		6,582	0	0
SPDR INDEX SHS FDS	EMERG MKTS ETF	78463X509	377	5,870	SH		SOLE		5,870	0	0
SPDR S&P 500 ETF TR	TR UNIT	78462F103	1,599	6,782	SH		SOLE		6,782	0	0
SPDR S&P MIDCAP 400 ETF TR	UTSER1 S&PDCRP	78467Y107	1,780	5,697	SH		SOLE		5,697	0	0
SUMITOMO MITSUI FINL GROUP I	SPONSORED ADR	86562M209	982	135,467	SH		SOLE		135,467	0	0
SUNCOKE ENERGY PARTNERS L P	COMUNIT REP LT	86722Y101	200	13,000	SH		SOLE		13,000	0	0
TAIWAN SEMICONDUCTOR MFG LTD	SPONSORED ADR	874039100	919	27,995	SH		SOLE		27,995	0	0
TARGA RES CORP	COM	87612G101	6,788	113,326	SH		SOLE		112,752	0	574
TEEKAY LNG PARTNERS L P	PRTNRSP UNITS	Y8564M105	882	50,230	SH		SOLE		48,686	0	1,544
TEEKAY OFFSHORE PARTNERS L P	PARTNERSHIP UN	Y8565J101	1,500	295,907	SH		SOLE		295,907	0	0
TEMPLETON GLOBAL INCOME FD	COM	880198106	83	12,500	SH		SOLE		12,500	0	0
TERADYNE INC	COM	880770102	343	11,020	SH		SOLE		11,020	0	0
THL CR INC	COM	872438106	100	10,000	SH		SOLE		10,000	0	0
TIME WARNER INC	COM NEW	887317303	636	6,510	SH		SOLE		6,510	0	0
TOTAL S A	SPONSORED ADR	89151E109	812	16,105	SH		SOLE		16,105	0	0
TOYOTA MOTOR CORP	SP ADR REP2COM	892331307	879	8,090	SH		SOLE		8,090	0	0
UNION PAC CORP	COM	907818108	256	2,420	SH		SOLE		2,420	0	0
UNITED RENTALS INC	COM	911363109	931	7,445	SH		SOLE		7,445	0	0
UNITED TECHNOLOGIES CORP	COM	913017109	241	2,152	SH		SOLE		2,152	0	0
UNITI GROUP INC	COM	91325V108	452	17,504	SH		SOLE		17,504	0	0
VANGUARD INDEX FDS	SM CP VAL ETF	922908611	301	2,450	SH		SOLE		2,450	0	0
VANGUARD INDEX FDS	MID CAP ETF	922908629	255	1,833	SH		SOLE		1,833	0	0
VANGUARD INDEX FDS	SMALL CP ETF	922908751	3,137	23,539	SH		SOLE		23,539	0	0
VANGUARD INTL EQUITY INDEX F	ALLWRLD EX US	922042775	511	10,690	SH		SOLE		10,690	0	0
VANGUARD INTL EQUITY INDEX F	FTSE EMR MKT ETF	922042858	294	7,408	SH		SOLE		7,408	0	0
VANGUARD WORLD FD	EXTENDED DUR	921910709	750	6,750	SH		SOLE		6,750	0	0
VENTAS INC	COM	92276F100	3,980	61,201	SH		SOLE		60,924	0	276
VERIZON COMMUNICATIONS INC	COM	92343V104	4,562	93,575	SH		SOLE		93,216	0	359
VMWARE INC	CL A COM	928563402	466	5,055	SH		SOLE		5,055	0	0
WALGREENS BOOTS ALLIANCE INC	COM	931427108	645	7,765	SH		SOLE		7,765	0	0
WELLS FARGO & CO NEW	COM	949746101	688	12,365	SH		SOLE		12,365	0	0
WELLTOWER INC	COM	95040Q104	237	3,350	SH		SOLE		3,350	0	0
WESTERN ASSET HIGH INCM OPP	COM	95766K109	76	15,000	SH		SOLE		15,000	0	0
WESTERN ASSET MUN HI INCM FD	COM	95766N103	181	25,000	SH		SOLE		25,000	0	0
WESTERN DIGITAL CORP	COM	958102105	9,081	110,032	SH		SOLE		109,412	0	620
WESTPAC BKG CORP	SPONSORED ADR	961214301	1,170	43,795	SH		SOLE		43,795	0	0
ZIMMER BIOMET HLDGS INC	COM	98956P102	606	4,960	SH		SOLE		4,960	0	0