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	356	1,514	SH		SOLE		1,514	0	0
ABBOTT LABS	COM	002824100	877	15,366	SH		SOLE		15,366	0	0
ABBVIE INC	COM	00287Y109	1,358	14,041	SH		SOLE		14,041	0	0
AIR PRODS & CHEMS INC	COM	009158106	230	1,400	SH		SOLE		1,400	0	0
ALBANY INTL CORP	CL A	012348108	736	11,984	SH		SOLE		11,984	0	0
ALPHABET INC	CAP STK CL C	02079K107	602	575	SH		SOLE		575	0	0
ALPHABET INC	CAP STK CL A	02079K305	400	380	SH		SOLE		380	0	0
ALPS ETF TR	ALERIAN MLP	00162Q866	124	11,500	SH		SOLE		11,500	0	0
ALTRIA GROUP INC	COM	02209S103	379	5,313	SH		SOLE		5,313	0	0
AMAZON COM INC	COM	023135106	640	547	SH		SOLE		547	0	0
AMERICAN ELEC PWR INC	COM	025537101	610	8,289	SH		SOLE		8,289	0	0
AMERICAN WTR WKS CO INC NEW	COM	030420103	524	5,725	SH		SOLE		5,725	0	0
AMGEN INC	COM	031162100	708	4,072	SH		SOLE		4,072	0	0
ANHEUSER BUSCH INBEV SA/NV	SPONSORED ADR	03524A108	356	3,191	SH		SOLE		3,191	0	0
APPLE INC	COM	037833100	1,557	9,203	SH		SOLE		9,203	0	0
APPLIED MATLS INC	COM	038222105	763	14,935	SH		SOLE		14,935	0	0
APTIV PLC	SHS	G6095L109	734	8,653	SH		SOLE		8,653	0	0
ARCH CAP GROUP LTD	ORD	G0450A105	272	3,000	SH		SOLE		3,000	0	0
AT&T INC	COM	00206R102	604	15,547	SH		SOLE		15,547	0	0
AUTOMATIC DATA PROCESSING IN	COM	053015103	248	2,113	SH		SOLE		2,113	0	0
B & G FOODS INC NEW	COM	05508R106	4,893	139,190	SH		SOLE		138,654	0	535
BANCO DE CHILE	SPONSORED ADR	059520106	851	8,814	SH		SOLE		8,814	0	0
BERKSHIRE HATHAWAY INC DEL	CL B NEW	084670702	273	1,376	SH		SOLE		1,376	0	0
BLACKSTONE GROUP L P	COM UNIT LTD	09253U108	755	23,575	SH		SOLE		23,575	0	0
BRISTOL MYERS SQUIBB CO	COM	110122108	718	11,712	SH		SOLE		11,712	0	0
BRIXMOR PPTY GROUP INC	COM	11120U105	504	27,025	SH		SOLE		27,025	0	0
CARETRUST REIT INC	COM	14174T107	191	11,375	SH		SOLE		11,375	0	0
CELGENE CORP	COM	151020104	672	6,441	SH		SOLE		6,441	0	0
CENTURYLINK INC	COM	156700106	5,139	308,115	SH		SOLE		306,625	0	1,490
CHEVRON CORP NEW	COM	166764100	4,482	35,802	SH		SOLE		35,570	0	232
CHINA MOBILE LIMITED	SPONSORED ADR	16941M109	930	18,409	SH		SOLE		18,409	0	0
CISCO SYS INC	COM	17275R102	1,235	32,245	SH		SOLE		32,245	0	0
COCA COLA CO	COM	191216100	276	6,017	SH		SOLE		6,017	0	0
COMPASS DIVERSIFIED HOLDINGS	SH BEN INT	20451Q104	3,774	222,681	SH		SOLE		221,714	0	967
CREDIT SUISSE ASSET MGMT INC	COM	224916106	139	42,000	SH		SOLE		42,000	0	0
DISNEY WALT CO	COM DISNEY	254687106	510	4,742	SH		SOLE		4,742	0	0
DOMINION ENERGY INC	COM	25746U109	245	3,021	SH		SOLE		3,021	0	0
DOUGLAS DYNAMICS INC	COM	25960R105	5,678	150,221	SH		SOLE		149,495	0	726
DOWDUPONT INC	COM	26078J100	995	13,968	SH		SOLE		13,968	0	0
DR PEPPER SNAPPLE GROUP INC	COM	26138E109	422	4,350	SH		SOLE		4,350	0	0
DUKE ENERGY CORP NEW	COM NEW	26441C204	3,947	46,930	SH		SOLE		46,700	0	230
ENBRIDGE ENERGY MANAGEMENT L	SHS UNITS LLI	29250X103	627	46,834	SH		SOLE		46,834	0	0
ENERGY TRANSFER EQUITY L P	COM UT LTD PTN	29273V100	201	11,625	SH		SOLE		11,625	0	0
ENTERPRISE PRODS PARTNERS L	COM	293792107	3,441	129,797	SH		SOLE		129,055	0	742
EVEREST RE GROUP LTD	COM	G3223R108	437	1,977	SH		SOLE		1,977	0	0
EXXON MOBIL CORP	COM	30231G102	849	10,152	SH		SOLE		10,152	0	0
FACEBOOK INC	CL A	30303M102	1,523	8,629	SH		SOLE		8,629	0	0
FARMLAND PARTNERS INC	COM	31154R109	2,364	272,367	SH		SOLE		270,792	0	1,575
FISERV INC	COM	337738108	850	6,480	SH		SOLE		6,480	0	0
GENERAL ELECTRIC CO	COM	369604103	415	23,769	SH		SOLE		23,769	0	0
GENERAL MTRS CO	COM	37045V100	5,060	123,452	SH		SOLE		122,867	0	584
GLAXOSMITHKLINE PLC	SPONSORED ADR	37733W105	1,002	28,252	SH		SOLE		28,252	0	0
GPO AEROPORTUARIO DEL PAC SA	SPON ADR B	400506101	1,709	16,635	SH		SOLE		16,635	0	0
HANESBRANDS INC	COM	410345102	716	34,241	SH		SOLE		34,241	0	0
HANNON ARMSTRONG SUST INFR C	COM	41068X100	6,381	265,198	SH		SOLE		263,576	0	1,622
HERCULES CAPITAL INC	COM	427096508	4,266	325,182	SH		SOLE		323,634	0	1,548
HOME DEPOT INC	COM	437076102	2,600	13,716	SH		SOLE		13,716	0	0
INTEL CORP	COM	458140100	852	18,461	SH		SOLE		18,461	0	0
INTERNATIONAL BUSINESS MACHS	COM	459200101	494	3,221	SH		SOLE		3,221	0	0
INVESCO BD FD	COM	46132L107	388	19,500	SH		SOLE		19,500	0	0
IRON MTN INC NEW	COM	46284V101	4,656	123,393	SH		SOLE		122,734	0	659
ISHARES TR	CORE S&P500 ETF	464287200	302	1,125	SH		SOLE		1,125	0	0
ISHARES TR	MSCI EAFE ETF	464287465	606	8,616	SH		SOLE		8,616	0	0
ISHARES TR	RUS MID CAP ETF	464287499	1,291	6,201	SH		SOLE		6,201	0	0
JOHNSON & JOHNSON	COM	478160104	1,757	12,574	SH		SOLE		12,574	0	0
JPMORGAN CHASE & CO	COM	46625H100	987	9,227	SH		SOLE		9,227	0	0
KIMBERLY CLARK CORP	COM	494368103	372	3,079	SH		SOLE		3,079	0	0
KINDER MORGAN INC DEL	COM	49456B101	668	36,967	SH		SOLE		36,967	0	0
KRAFT HEINZ CO	COM	500754106	435	5,600	SH		SOLE		5,600	0	0
LABORATORY CORP AMER HLDGS	COM NEW	50540R409	239	1,500	SH		SOLE		1,500	0	0
LAM RESEARCH CORP	COM	512807108	207	1,125	SH		SOLE		1,125	0	0
LAMAR ADVERTISING CO NEW	CL A	512816109	4,955	66,749	SH		SOLE		66,451	0	297
LAS VEGAS SANDS CORP	COM	517834107	1,517	21,830	SH		SOLE		21,830	0	0
LAZARD LTD	SHS A	G54050102	864	16,460	SH		SOLE		16,460	0	0
LILLY ELI & CO	COM	532457108	483	5,715	SH		SOLE		5,715	0	0
LOCKHEED MARTIN CORP	COM	539830109	731	2,277	SH		SOLE		2,277	0	0
LOWES COS INC	COM	548661107	503	5,411	SH		SOLE		5,411	0	0
MAGELLAN MIDSTREAM PRTNRS LP	COM UNIT RP LP	559080106	3,160	44,545	SH		SOLE		44,152	0	393
MARRIOTT INTL INC NEW	CL A	571903202	698	5,139	SH		SOLE		5,139	0	0
MCCORMICK & CO INC	COM NON VTG	579780206	8,431	82,731	SH		SOLE		82,731	0	0
MCDONALDS CORP	COM	580135101	468	2,721	SH		SOLE		2,721	0	0
MEDTRONIC PLC	SHS	G5960L103	876	10,854	SH		SOLE		10,854	0	0
MERCK & CO INC	COM	58933Y105	503	8,944	SH		SOLE		8,944	0	0
MFS CHARTER INCOME TR	SH BEN INT	552727109	468	55,200	SH		SOLE		55,200	0	0
MFS GOVT MKTS INCOME TR	SH BEN INT	552939100	196	40,900	SH		SOLE		40,900	0	0
MFS MULTIMARKET INCOME TR	SH BEN INT	552737108	96	15,850	SH		SOLE		15,850	0	0
MGM GROWTH PPTYS LLC	CL A COM	55303A105	521	17,860	SH		SOLE		17,860	0	0
MICROSOFT CORP	COM	594918104	923	10,792	SH		SOLE		10,792	0	0
MID AMER APT CMNTYS INC	COM	59522J103	619	6,153	SH		SOLE		6,153	0	0
MILESTONE SCIENTIFIC INC	COM NEW	59935P209	48	40,500	SH		SOLE		40,500	0	0
MOHAWK INDS INC	COM	608190104	784	2,841	SH		SOLE		2,841	0	0
MYLAN N V	SHS EURO	N59465109	563	13,317	SH		SOLE		13,317	0	0
NATIONAL GRID PLC	SPONSORED ADR NE	636274409	1,448	24,621	SH		SOLE		24,621	0	0
NATIONAL RETAIL PPTYS INC	COM	637417106	5,162	119,696	SH		SOLE		119,117	0	579
NATIONAL STORAGE AFFILIATES	COM SHS BEN IN	637870106	208	7,625	SH		SOLE		7,625	0	0
NAVIENT CORPORATION	COM	63938C108	3,950	296,575	SH		SOLE		295,115	0	1,460
NETSCOUT SYS INC	COM	64115T104	304	9,988	SH		SOLE		9,988	0	0
NEW MEDIA INVT GROUP INC	COM	64704V106	4,323	257,651	SH		SOLE		256,415	0	1,236
NEWELL BRANDS INC	COM	651229106	644	20,843	SH		SOLE		20,843	0	0
NEXTERA ENERGY INC	COM	65339F101	222	1,420	SH		SOLE		1,420	0	0
NEXTERA ENERGY PARTNERS LP	COM UNIT PART IN	65341B106	291	6,750	SH		SOLE		6,750	0	0
NIKE INC	CL B	654106103	250	4,000	SH		SOLE		4,000	0	0
NORTHROP GRUMMAN CORP	COM	666807102	896	2,921	SH		SOLE		2,921	0	0
NOVARTIS A G	SPONSORED ADR	66987V109	525	6,250	SH		SOLE		6,250	0	0
NUCOR CORP	COM	670346105	714	11,225	SH		SOLE		11,225	0	0
NUSTAR ENERGY LP	UNIT COM	67058H102	2,050	68,453	SH		SOLE		67,978	0	475
ONEOK INC NEW	COM	682680103	865	16,186	SH		SOLE		16,186	0	0
OWENS & MINOR INC NEW	COM	690732102	3,558	188,466	SH		SOLE		187,481	0	985
PALO ALTO NETWORKS INC	COM	697435105	778	5,368	SH		SOLE		5,368	0	0
PARTY CITY HOLDCO INC	COM	702149105	480	34,413	SH		SOLE		34,413	0	0
PEPSICO INC	COM	713448108	518	4,321	SH		SOLE		4,321	0	0
PFIZER INC	COM	717081103	4,846	133,790	SH		SOLE		133,245	0	545
PITNEY BOWES INC	COM	724479100	2,976	266,222	SH		SOLE		264,827	0	1,395
PPL CORP	COM	69351T106	2,648	85,558	SH		SOLE		85,093	0	465
PROCTER AND GAMBLE CO	COM	742718109	906	9,866	SH		SOLE		9,866	0	0
PUTMAN HIGH INCOME SEC FUND	SHS BEN INT	746779107	248	27,500	SH		SOLE		27,500	0	0
PUTNAM MANAGED MUN INCOM TR	COM	746823103	148	20,000	SH		SOLE		20,000	0	0
PUTNAM PREMIER INCOME TR	SH BEN INT	746853100	137	25,750	SH		SOLE		25,750	0	0
QUALCOMM INC	COM	747525103	5,321	83,112	SH		SOLE		82,732	0	380
RIO TINTO PLC	SPONSORED ADR	767204100	1,607	30,359	SH		SOLE		30,359	0	0
ROSS STORES INC	COM	778296103	656	8,175	SH		SOLE		8,175	0	0
ROYAL DUTCH SHELL PLC	SPON ADR B	780259107	1,573	23,030	SH		SOLE		23,030	0	0
ROYAL DUTCH SHELL PLC	SPONS ADR A	780259206	260	3,895	SH		SOLE		3,895	0	0
RYMAN HOSPITALITY PPTYS INC	COM	78377T107	5,241	75,935	SH		SOLE		75,524	0	411
SABRA HEALTH CARE REIT INC	COM	78573L106	3,188	169,851	SH		SOLE		168,994	0	858
SANDY SPRING BANCORP INC	COM	800363103	773	19,817	SH		SOLE		19,817	0	0
SASOL LTD	SPONSORED ADR	803866300	435	12,705	SH		SOLE		12,705	0	0
SEAGATE TECHNOLOGY PLC	SHS	G7945M107	5,877	140,464	SH		SOLE		139,779	0	685
SHERWIN WILLIAMS CO	COM	824348106	627	1,529	SH		SOLE		1,529	0	0
SHORE BANCSHARES INC	COM	825107105	985	59,009	SH		SOLE		59,009	0	0
SIMON PPTY GROUP INC NEW	COM	828806109	543	3,160	SH		SOLE		3,160	0	0
SIX FLAGS ENTMT CORP NEW	COM	83001A102	4,968	74,623	SH		SOLE		74,302	0	320
SMTC CORP	COM NEW	832682207	30	15,977	SH		SOLE		15,977	0	0
SMUCKER J M CO	COM NEW	832696405	368	2,965	SH		SOLE		2,965	0	0
SPDR INDEX SHS FDS	PORTFOLIO EMG MK	78463X509	363	9,510	SH		SOLE		9,510	0	0
SPDR S&P 500 ETF TR	TR UNIT	78462F103	3,006	11,266	SH		SOLE		11,266	0	0
SPDR S&P MIDCAP 400 ETF TR	UTSER1 S&PDCRP	78467Y107	2,073	6,003	SH		SOLE		6,003	0	0
SUMITOMO MITSUI FINL GROUP I	SPONSORED ADR	86562M209	1,536	176,797	SH		SOLE		176,797	0	0
SUNRUN INC	COM	86771W105	59	10,000	SH		SOLE		10,000	0	0
SYSCO CORP	COM	871829107	220	3,625	SH		SOLE		3,625	0	0
TAIWAN SEMICONDUCTOR MFG LTD	SPONSORED ADR	874039100	1,364	34,410	SH		SOLE		34,410	0	0
TANGER FACTORY OUTLET CTRS I	COM	875465106	4,485	169,180	SH		SOLE		168,365	0	815
TARGA RES CORP	COM	87612G101	5,364	110,782	SH		SOLE		110,208	0	574
TARGET CORP	COM	87612E106	5,105	78,233	SH		SOLE		77,843	0	390
TEMPLETON GLOBAL INCOME FD	COM	880198106	81	12,500	SH		SOLE		12,500	0	0
TERADYNE INC	COM	880770102	588	14,055	SH		SOLE		14,055	0	0
TIME WARNER INC	COM NEW	887317303	271	2,960	SH		SOLE		2,960	0	0
TOTAL S A	SPONSORED ADR	89151E109	1,112	20,110	SH		SOLE		20,110	0	0
TOYOTA MOTOR CORP	SP ADR REP2COM	892331307	1,273	10,010	SH		SOLE		10,010	0	0
UNION PAC CORP	COM	907818108	295	2,200	SH		SOLE		2,200	0	0
UNITED RENTALS INC	COM	911363109	1,347	7,835	SH		SOLE		7,835	0	0
UNITED TECHNOLOGIES CORP	COM	913017109	560	4,391	SH		SOLE		4,391	0	0
VANGUARD INDEX FDS	SM CP VAL ETF	922908611	325	2,450	SH		SOLE		2,450	0	0
VANGUARD INDEX FDS	MID CAP ETF	922908629	284	1,833	SH		SOLE		1,833	0	0
VANGUARD INDEX FDS	SMALL CP ETF	922908751	3,380	22,872	SH		SOLE		22,872	0	0
VANGUARD INTL EQUITY INDEX F	ALLWRLD EX US	922042775	599	10,952	SH		SOLE		10,952	0	0
VANGUARD INTL EQUITY INDEX F	FTSE EMR MKT ETF	922042858	351	7,653	SH		SOLE		7,653	0	0
VANGUARD WORLD FD	EXTENDED DUR	921910709	959	7,925	SH		SOLE		7,925	0	0
VENTAS INC	COM	92276F100	3,625	60,409	SH		SOLE		60,130	0	280
VERIZON COMMUNICATIONS INC	COM	92343V104	4,984	94,158	SH		SOLE		93,800	0	359
VIACOM INC NEW	CL B	92553P201	362	11,750	SH		SOLE		11,750	0	0
VMWARE INC	CL A COM	928563402	753	6,005	SH		SOLE		6,005	0	0
WALGREENS BOOTS ALLIANCE INC	COM	931427108	288	3,960	SH		SOLE		3,960	0	0
WELLS FARGO CO NEW	COM	949746101	613	10,105	SH		SOLE		10,105	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	158	21,350	SH		SOLE		21,350	0	0
WESTERN DIGITAL CORP	COM	958102105	4,304	54,112	SH		SOLE		53,794	0	319
WESTPAC BKG CORP	SPONSORED ADR	961214301	1,280	52,520	SH		SOLE		52,520	0	0
ZIMMER BIOMET HLDGS INC	COM	98956P102	683	5,660	SH		SOLE		5,660	0	0