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	276	1,259	SH		SOLE		1,259	0	0
ABBOTT LABS	COM	002824100	458	7,642	SH		SOLE		7,642	0	0
ABBVIE INC	COM	00287Y109	1,170	12,366	SH		SOLE		12,366	0	0
AIR PRODS & CHEMS INC	COM	009158106	223	1,400	SH		SOLE		1,400	0	0
ALBANY INTL CORP	CL A	012348108	852	13,584	SH		SOLE		13,584	0	0
ALLERGAN PLC	SHS	G0177J108	276	1,641	SH		SOLE		1,641	0	0
ALPHABET INC	CAP STK CL C	02079K107	796	771	SH		SOLE		771	0	0
ALPHABET INC	CAP STK CL A	02079K305	420	405	SH		SOLE		405	0	0
ALPS ETF TR	ALERIAN MLP	00162Q866	147	15,685	SH		SOLE		15,685	0	0
ALTRIA GROUP INC	COM	02209S103	292	4,688	SH		SOLE		4,688	0	0
AMAZON COM INC	COM	023135106	960	663	SH		SOLE		663	0	0
AMERICAN ELEC PWR INC	COM	025537101	533	7,764	SH		SOLE		7,764	0	0
AMERICAN WTR WKS CO INC NEW	COM	030420103	712	8,675	SH		SOLE		8,675	0	0
AMGEN INC	COM	031162100	847	4,967	SH		SOLE		4,967	0	0
ANHEUSER BUSCH INBEV SA/NV	SPONSORED ADR	03524A108	302	2,750	SH		SOLE		2,750	0	0
APPLE INC	COM	037833100	1,532	9,134	SH		SOLE		9,134	0	0
APPLIED MATLS INC	COM	038222105	770	13,855	SH		SOLE		13,855	0	0
APTIV PLC	SHS	G6095L109	756	8,898	SH		SOLE		8,898	0	0
ARCH CAP GROUP LTD	ORD	G0450A105	214	2,500	SH		SOLE		2,500	0	0
AT&T INC	COM	00206R102	354	9,943	SH		SOLE		9,943	0	0
AUTOMATIC DATA PROCESSING IN	COM	053015103	206	1,813	SH		SOLE		1,813	0	0
B & G FOODS INC NEW	COM	05508R106	3,442	145,245	SH		SOLE		144,709	0	535
BANCO DE CHILE	SPONSORED ADR	059520106	938	9,325	SH		SOLE		9,325	0	0
BERKSHIRE HATHAWAY INC DEL	CL B NEW	084670702	732	3,671	SH		SOLE		3,671	0	0
BLACKSTONE GROUP L P	COM UNIT LTD	09253U108	765	23,950	SH		SOLE		23,950	0	0
BRISTOL MYERS SQUIBB CO	COM	110122108	722	11,407	SH		SOLE		11,407	0	0
BRIXMOR PPTY GROUP INC	COM	11120U105	525	34,430	SH		SOLE		34,430	0	0
BROOKFIELD INFRAST PARTNERS	LP INT UNIT	G16252101	260	6,250	SH		SOLE		6,250	0	0
CARETRUST REIT INC	COM	14174T107	275	20,500	SH		SOLE		20,500	0	0
CARLYLE GROUP L P	COM UTS LTD PTN	14309L102	216	10,125	SH		SOLE		10,125	0	0
CELGENE CORP	COM	151020104	607	6,801	SH		SOLE		6,801	0	0
CENTURYLINK INC	COM	156700106	5,181	315,365	SH		SOLE		313,875	0	1,490
CHEVRON CORP NEW	COM	166764100	4,705	41,260	SH		SOLE		41,028	0	232
CHINA MOBILE LIMITED	SPONSORED ADR	16941M109	890	19,449	SH		SOLE		19,449	0	0
CISCO SYS INC	COM	17275R102	1,437	33,510	SH		SOLE		33,510	0	0
COCA COLA CO	COM	191216100	217	4,992	SH		SOLE		4,992	0	0
COMPASS DIVERSIFIED HOLDINGS	SH BEN INT	20451Q104	3,754	228,886	SH		SOLE		227,919	0	967
CREDIT SUISSE ASSET MGMT INC	COM	224916106	134	42,000	SH		SOLE		42,000	0	0
CROWN CASTLE INTL CORP NEW	COM	22822V101	247	2,250	SH		SOLE		2,250	0	0
DISNEY WALT CO	COM DISNEY	254687106	476	4,742	SH		SOLE		4,742	0	0
DOMINION ENERGY INC	COM	25746U109	234	3,467	SH		SOLE		3,467	0	0
DOUGLAS DYNAMICS INC	COM	25960R105	5,185	119,615	SH		SOLE		118,949	0	666
DOWDUPONT INC	COM	26078J100	869	13,641	SH		SOLE		13,641	0	0
DR PEPPER SNAPPLE GROUP INC	COM	26138E109	456	3,850	SH		SOLE		3,850	0	0
DUKE ENERGY CORP NEW	COM NEW	26441C204	3,687	47,586	SH		SOLE		47,356	0	230
ENERGY TRANSFER EQUITY L P	COM UT LTD PTN	29273V100	165	11,625	SH		SOLE		11,625	0	0
ENTERPRISE PRODS PARTNERS L	COM	293792107	3,391	138,537	SH		SOLE		137,795	0	742
EVEREST RE GROUP LTD	COM	G3223R108	530	2,062	SH		SOLE		2,062	0	0
EXXON MOBIL CORP	COM	30231G102	658	8,819	SH		SOLE		8,819	0	0
FACEBOOK INC	CL A	30303M102	1,291	8,079	SH		SOLE		8,079	0	0
FARMLAND PARTNERS INC	COM	31154R109	3,089	369,893	SH		SOLE		368,318	0	1,575
FEDEX CORP	COM	31428X106	461	1,920	SH		SOLE		1,920	0	0
FISERV INC	COM	337738108	951	13,330	SH		SOLE		13,330	0	0
GENERAL ELECTRIC CO	COM	369604103	293	21,758	SH		SOLE		21,758	0	0
GENERAL MTRS CO	COM	37045V100	4,032	110,962	SH		SOLE		110,377	0	584
GLAXOSMITHKLINE PLC	SPONSORED ADR	37733W105	1,238	31,692	SH		SOLE		31,692	0	0
GPO AEROPORTUARIO DEL PAC SA	SPON ADR B	400506101	1,883	18,900	SH		SOLE		18,900	0	0
HANESBRANDS INC	COM	410345102	688	37,331	SH		SOLE		37,331	0	0
HANNON ARMSTRONG SUST INFR C	COM	41068X100	4,963	254,502	SH		SOLE		252,880	0	1,622
HERCULES CAPITAL INC	COM	427096508	4,129	341,227	SH		SOLE		339,679	0	1,548
HOME DEPOT INC	COM	437076102	2,443	13,707	SH		SOLE		13,707	0	0
INTEL CORP	COM	458140100	1,014	19,461	SH		SOLE		19,461	0	0
INTERNATIONAL BUSINESS MACHS	COM	459200101	502	3,271	SH		SOLE		3,271	0	0
INVESCO BD FD	COM	46132L107	351	19,500	SH		SOLE		19,500	0	0
IRON MTN INC NEW	COM	46284V101	4,065	123,694	SH		SOLE		123,035	0	659
ISHARES TR	CORE S&P500 ETF	464287200	318	1,197	SH		SOLE		1,197	0	0
ISHARES TR	MSCI EAFE ETF	464287465	708	10,157	SH		SOLE		10,157	0	0
ISHARES TR	RUS MID CAP ETF	464287499	1,354	6,561	SH		SOLE		6,561	0	0
JOHNSON & JOHNSON	COM	478160104	1,801	14,055	SH		SOLE		14,055	0	0
JPMORGAN CHASE & CO	COM	46625H100	1,070	9,726	SH		SOLE		9,726	0	0
KIMBERLY CLARK CORP	COM	494368103	325	2,954	SH		SOLE		2,954	0	0
KINDER MORGAN INC DEL	COM	49456B101	583	38,727	SH		SOLE		38,727	0	0
L BRANDS INC	COM	501797104	3,606	94,384	SH		SOLE		94,384	0	0
LABORATORY CORP AMER HLDGS	COM NEW	50540R409	243	1,500	SH		SOLE		1,500	0	0
LAM RESEARCH CORP	COM	512807108	229	1,125	SH		SOLE		1,125	0	0
LAMAR ADVERTISING CO NEW	CL A	512816109	4,220	66,294	SH		SOLE		65,996	0	297
LAS VEGAS SANDS CORP	COM	517834107	1,769	24,600	SH		SOLE		24,600	0	0
LAZARD LTD	SHS A	G54050102	811	15,435	SH		SOLE		15,435	0	0
LILLY ELI & CO	COM	532457108	446	5,765	SH		SOLE		5,765	0	0
LOCKHEED MARTIN CORP	COM	539830109	646	1,912	SH		SOLE		1,912	0	0
LOWES COS INC	COM	548661107	578	6,584	SH		SOLE		6,584	0	0
M & T BK CORP	COM	55261F104	202	1,097	SH		SOLE		1,097	0	0
MAGELLAN MIDSTREAM PRTNRS LP	COM UNIT RP LP	559080106	2,583	44,275	SH		SOLE		43,882	0	393
MARRIOTT INTL INC NEW	CL A	571903202	706	5,189	SH		SOLE		5,189	0	0
MCDONALDS CORP	COM	580135101	349	2,231	SH		SOLE		2,231	0	0
MEDTRONIC PLC	SHS	G5960L103	918	11,449	SH		SOLE		11,449	0	0
MERCK & CO INC	COM	58933Y105	515	9,454	SH		SOLE		9,454	0	0
MFS CHARTER INCOME TR	SH BEN INT	552727109	448	55,200	SH		SOLE		55,200	0	0
MFS GOVT MKTS INCOME TR	SH BEN INT	552939100	178	38,400	SH		SOLE		38,400	0	0
MFS MULTIMARKET INCOME TR	SH BEN INT	552737108	91	15,850	SH		SOLE		15,850	0	0
MGM GROWTH PPTYS LLC	CL A COM	55303A105	584	22,000	SH		SOLE		22,000	0	0
MICROSOFT CORP	COM	594918104	1,056	11,573	SH		SOLE		11,573	0	0
MID AMER APT CMNTYS INC	COM	59522J103	582	6,383	SH		SOLE		6,383	0	0
MILESTONE SCIENTIFIC INC	COM NEW	59935P209	29	40,500	SH		SOLE		40,500	0	0
MOHAWK INDS INC	COM	608190104	684	2,946	SH		SOLE		2,946	0	0
MYLAN N V	SHS EURO	N59465109	608	14,777	SH		SOLE		14,777	0	0
NATIONAL GRID PLC	SPONSORED ADR NE	636274409	1,549	27,446	SH		SOLE		27,446	0	0
NATIONAL RETAIL PPTYS INC	COM	637417106	4,694	119,565	SH		SOLE		118,986	0	579
NATIONAL STORAGE AFFILIATES	COM SHS BEN IN	637870106	241	9,625	SH		SOLE		9,625	0	0
NAVIENT CORPORATION	COM	63938C108	3,997	304,669	SH		SOLE		303,209	0	1,460
NEW MEDIA INVT GROUP INC	COM	64704V106	4,705	274,508	SH		SOLE		273,272	0	1,236
NEWELL BRANDS INC	COM	651229106	598	23,468	SH		SOLE		23,468	0	0
NEXTERA ENERGY INC	COM	65339F101	375	2,295	SH		SOLE		2,295	0	0
NEXTERA ENERGY PARTNERS LP	COM UNIT PART IN	65341B106	654	16,350	SH		SOLE		16,350	0	0
NIKE INC	CL B	654106103	266	4,000	SH		SOLE		4,000	0	0
NORTHROP GRUMMAN CORP	COM	666807102	995	2,850	SH		SOLE		2,850	0	0
NOVARTIS A G	SPONSORED ADR	66987V109	319	3,950	SH		SOLE		3,950	0	0
NRG YIELD INC	CL C	62942X405	170	10,000	SH		SOLE		10,000	0	0
NUSTAR ENERGY LP	UNIT COM	67058H102	1,393	68,333	SH		SOLE		67,858	0	475
ONEOK INC NEW	COM	682680103	908	15,951	SH		SOLE		15,951	0	0
OWENS & MINOR INC NEW	COM	690732102	3,151	202,606	SH		SOLE		201,621	0	985
PALO ALTO NETWORKS INC	COM	697435105	1,052	5,793	SH		SOLE		5,793	0	0
PARTY CITY HOLDCO INC	COM	702149105	633	40,588	SH		SOLE		40,588	0	0
PEPSICO INC	COM	713448108	516	4,728	SH		SOLE		4,728	0	0
PFIZER INC	COM	717081103	4,664	131,429	SH		SOLE		130,884	0	545
PITNEY BOWES INC	COM	724479100	3,207	294,527	SH		SOLE		293,132	0	1,395
POWER REIT	COM	73933H101	106	17,000	SH		SOLE		17,000	0	0
PPL CORP	COM	69351T106	2,399	84,783	SH		SOLE		84,318	0	465
PROCTER AND GAMBLE CO	COM	742718109	396	4,991	SH		SOLE		4,991	0	0
PUTMAN HIGH INCOME SEC FUND	SHS BEN INT	746779107	226	25,000	SH		SOLE		25,000	0	0
PUTNAM MANAGED MUN INCOM TR	COM	746823103	143	20,000	SH		SOLE		20,000	0	0
PUTNAM PREMIER INCOME TR	SH BEN INT	746853100	135	25,750	SH		SOLE		25,750	0	0
QUALCOMM INC	COM	747525103	4,578	82,628	SH		SOLE		82,248	0	380
RIO TINTO PLC	SPONSORED ADR	767204100	1,781	34,554	SH		SOLE		34,554	0	0
ROSS STORES INC	COM	778296103	727	9,325	SH		SOLE		9,325	0	0
ROYAL DUTCH SHELL PLC	SPON ADR B	780259107	1,640	25,025	SH		SOLE		25,025	0	0
ROYAL DUTCH SHELL PLC	SPONS ADR A	780259206	249	3,895	SH		SOLE		3,895	0	0
RYMAN HOSPITALITY PPTYS INC	COM	78377T107	5,270	68,041	SH		SOLE		67,670	0	371
SABRA HEALTH CARE REIT INC	COM	78573L106	3,253	184,281	SH		SOLE		183,424	0	858
SASOL LTD	SPONSORED ADR	803866300	471	13,855	SH		SOLE		13,855	0	0
SEAGATE TECHNOLOGY PLC	SHS	G7945M107	8,051	137,569	SH		SOLE		136,884	0	685
SELECT SECTOR SPDR TR	SBI HEALTHCARE	81369Y209	342	4,200	SH		SOLE		4,200	0	0
SELECT SECTOR SPDR TR	SBI CONS STPLS	81369Y308	337	6,400	SH		SOLE		6,400	0	0
SELECT SECTOR SPDR TR	SBI INT-INDS	81369Y704	357	4,800	SH		SOLE		4,800	0	0
SELECT SECTOR SPDR TR	TECHNOLOGY	81369Y803	203	3,100	SH		SOLE		3,100	0	0
SEMPRA ENERGY	COM	816851109	246	2,209	SH		SOLE		2,209	0	0
SHERWIN WILLIAMS CO	COM	824348106	666	1,698	SH		SOLE		1,698	0	0
SIMON PPTY GROUP INC NEW	COM	828806109	582	3,771	SH		SOLE		3,771	0	0
SIX FLAGS ENTMT CORP NEW	COM	83001A102	4,520	72,598	SH		SOLE		72,277	0	320
SMTC CORP	COM NEW	832682207	36	15,977	SH		SOLE		15,977	0	0
SMUCKER J M CO	COM NEW	832696405	399	3,215	SH		SOLE		3,215	0	0
SOUTHERN CO	COM	842587107	201	4,498	SH		SOLE		4,498	0	0
SPDR INDEX SHS FDS	PORTFOLIO EMG MK	78463X509	374	9,510	SH		SOLE		9,510	0	0
SPDR S&P 500 ETF TR	TR UNIT	78462F103	2,107	8,007	SH		SOLE		8,007	0	0
SPDR S&P MIDCAP 400 ETF TR	UTSER1 S&PDCRP	78467Y107	2,115	6,188	SH		SOLE		6,188	0	0
SUMITOMO MITSUI FINL GROUP I	SPONSORED ADR	86562M209	1,659	195,197	SH		SOLE		195,197	0	0
SUNRUN INC	COM	86771W105	112	12,500	SH		SOLE		12,500	0	0
TAIWAN SEMICONDUCTOR MFG LTD	SPONSORED ADR	874039100	1,617	36,945	SH		SOLE		36,945	0	0
TANGER FACTORY OUTLET CTRS I	COM	875465106	3,844	174,720	SH		SOLE		173,905	0	815
TARGA RES CORP	COM	87612G101	4,833	109,842	SH		SOLE		109,268	0	574
TARGET CORP	COM	87612E106	5,266	75,843	SH		SOLE		75,843	0	0
TEMPLETON GLOBAL INCOME FD	COM	880198106	80	12,500	SH		SOLE		12,500	0	0
TERADYNE INC	COM	880770102	652	14,270	SH		SOLE		14,270	0	0
TOTAL S A	SPONSORED ADR	89151E109	1,260	21,845	SH		SOLE		21,845	0	0
TOYOTA MOTOR CORP	SP ADR REP2COM	892331307	1,435	11,005	SH		SOLE		11,005	0	0
UNION PAC CORP	COM	907818108	251	1,870	SH		SOLE		1,870	0	0
UNITED RENTALS INC	COM	911363109	1,460	8,450	SH		SOLE		8,450	0	0
UNITED TECHNOLOGIES CORP	COM	913017109	623	4,951	SH		SOLE		4,951	0	0
VANGUARD INDEX FDS	SM CP VAL ETF	922908611	317	2,450	SH		SOLE		2,450	0	0
VANGUARD INDEX FDS	MID CAP ETF	922908629	302	1,958	SH		SOLE		1,958	0	0
VANGUARD INDEX FDS	SMALL CP ETF	922908751	3,426	23,317	SH		SOLE		23,317	0	0
VANGUARD INTL EQUITY INDEX F	ALLWRLD EX US	922042775	595	10,952	SH		SOLE		10,952	0	0
VANGUARD INTL EQUITY INDEX F	FTSE EMR MKT ETF	922042858	461	9,821	SH		SOLE		9,821	0	0
VANGUARD WORLD FD	EXTENDED DUR	921910709	814	7,105	SH		SOLE		7,105	0	0
VENTAS INC	COM	92276F100	3,004	60,644	SH		SOLE		60,365	0	280
VERIZON COMMUNICATIONS INC	COM	92343V104	4,666	97,578	SH		SOLE		97,220	0	359
VIACOM INC NEW	CL B	92553P201	217	7,000	SH		SOLE		7,000	0	0
VMWARE INC	CL A COM	928563402	738	6,085	SH		SOLE		6,085	0	0
WALGREENS BOOTS ALLIANCE INC	COM	931427108	275	4,205	SH		SOLE		4,205	0	0
WESTERN ASSET HIGH INCM OPP	COM	95766K109	72	15,000	SH		SOLE		15,000	0	0
WESTERN ASSET MUN HI INCM FD	COM	95766N103	154	21,350	SH		SOLE		21,350	0	0
WESTPAC BKG CORP	SPONSORED ADR	961214301	1,330	59,975	SH		SOLE		59,975	0	0
ZIMMER BIOMET HLDGS INC	COM	98956P102	645	5,915	SH		SOLE		5,915	0	0