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	234	1,229	SH		SOLE		1,229	0	0
ABBOTT LABS	COM	002824100	1,070	14,792	SH		SOLE		14,792	0	0
ABBVIE INC	COM	00287Y109	1,085	11,769	SH		SOLE		11,769	0	0
ALBANY INTL CORP	CL A	012348108	908	14,544	SH		SOLE		14,544	0	0
ALPHABET INC	CAP STK CL C	02079K107	653	631	SH		SOLE		631	0	0
ALPHABET INC	CAP STK CL A	02079K305	465	445	SH		SOLE		445	0	0
ALPS ETF TR	ALERIAN MLP	00162Q866	368	42,175	SH		SOLE		42,175	0	0
ALTRIA GROUP INC	COM	02209S103	225	4,563	SH		SOLE		4,563	0	0
AMAZON COM INC	COM	023135106	918	611	SH		SOLE		611	0	0
AMERICAN ELEC PWR INC	COM	025537101	427	5,719	SH		SOLE		5,719	0	0
AMERICAN WTR WKS CO INC NEW	COM	030420103	758	8,350	SH		SOLE		8,350	0	0
AMGEN INC	COM	031162100	964	4,952	SH		SOLE		4,952	0	0
APPLE INC	COM	037833100	1,471	9,329	SH		SOLE		9,329	0	0
APPLIED MATLS INC	COM	038222105	763	23,313	SH		SOLE		23,313	0	0
APTIV PLC	SHS	G6095L109	608	9,883	SH		SOLE		9,883	0	0
ARCH CAP GROUP LTD	ORD	G0450A105	200	7,500	SH		SOLE		7,500	0	0
ASTRAZENECA PLC	SPONSORED ADR	046353108	222	5,850	SH		SOLE		5,850	0	0
AT&T INC	COM	00206R102	3,911	137,028	SH		SOLE		136,313	0	715
AUTOMATIC DATA PROCESSING IN	COM	053015103	238	1,813	SH		SOLE		1,813	0	0
B & G FOODS INC NEW	COM	05508R106	4,220	145,965	SH		SOLE		145,429	0	535
BERKSHIRE HATHAWAY INC DEL	CL B NEW	084670702	615	3,013	SH		SOLE		3,013	0	0
BLACKSTONE GROUP L P	COM UNIT LTD	09253U108	572	19,199	SH		SOLE		19,199	0	0
BRISTOL MYERS SQUIBB CO	COM	110122108	606	11,657	SH		SOLE		11,657	0	0
BRIXMOR PPTY GROUP INC	COM	11120U105	525	35,770	SH		SOLE		35,770	0	0
BROADCOM INC	COM	11135F101	248	977	SH		SOLE		977	0	0
BROOKFIELD INFRAST PARTNERS	LP INT UNIT	G16252101	204	5,900	SH		SOLE		5,900	0	0
CARETRUST REIT INC	COM	14174T107	314	17,000	SH		SOLE		17,000	0	0
CATERPILLAR INC DEL	COM	149123101	941	7,409	SH		SOLE		7,409	0	0
CELGENE CORP	COM	151020104	410	6,391	SH		SOLE		6,391	0	0
CENTURYLINK INC	COM	156700106	4,720	311,546	SH		SOLE		310,056	0	1,490
CHEVRON CORP NEW	COM	166764100	4,258	39,135	SH		SOLE		38,903	0	232
CHINA MOBILE LIMITED	SPONSORED ADR	16941M109	1,029	21,435	SH		SOLE		21,435	0	0
CISCO SYS INC	COM	17275R102	1,646	37,997	SH		SOLE		37,997	0	0
COCA COLA CO	COM	191216100	266	5,625	SH		SOLE		5,625	0	0
COMCAST CORP NEW	CL A	20030N101	254	7,472	SH		SOLE		7,472	0	0
COMPASS DIVERSIFIED HOLDINGS	SH BEN INT	20451Q104	2,935	235,782	SH		SOLE		234,815	0	967
COVANTA HLDG CORP	COM	22282E102	3,161	235,549	SH		SOLE		234,344	0	1,205
CROWN CASTLE INTL CORP NEW	COM	22822V101	358	3,295	SH		SOLE		3,295	0	0
DISNEY WALT CO	COM DISNEY	254687106	477	4,347	SH		SOLE		4,347	0	0
DOMINION ENERGY INC	COM	25746U109	300	4,192	SH		SOLE		4,192	0	0
DOUGLAS DYNAMICS INC	COM	25960R105	869	24,218	SH		SOLE		23,632	0	586
DOWDUPONT INC	COM	26078J100	784	14,661	SH		SOLE		14,661	0	0
DUKE ENERGY CORP NEW	COM NEW	26441C204	4,186	48,505	SH		SOLE		48,275	0	230
ENTERPRISE PRODS PARTNERS L	COM	293792107	3,370	137,055	SH		SOLE		136,313	0	742
EVEREST RE GROUP LTD	COM	G3223R108	510	2,342	SH		SOLE		2,342	0	0
EXXON MOBIL CORP	COM	30231G102	664	9,743	SH		SOLE		9,743	0	0
FACEBOOK INC	CL A	30303M102	1,105	8,429	SH		SOLE		8,429	0	0
FARMLAND PARTNERS INC	COM	31154R109	174	33,800	SH		SOLE		33,800	0	0
FISERV INC	COM	337738108	1,014	13,795	SH		SOLE		13,795	0	0
FORD MTR CO DEL	COM PAR $0.01	345370860	2,923	382,137	SH		SOLE		379,887	0	2,250
FREEPORT-MCMORAN INC	CL B	35671D857	699	67,769	SH		SOLE		67,769	0	0
GENERAL ELECTRIC CO	COM	369604103	147	19,444	SH		SOLE		19,444	0	0
GENERAL MLS INC	COM	370334104	4,761	122,255	SH		SOLE		121,680	0	575
GENERAL MTRS CO	COM	37045V100	4,185	125,127	SH		SOLE		124,542	0	584
GLAXOSMITHKLINE PLC	SPONSORED ADR	37733W105	1,243	32,527	SH		SOLE		32,527	0	0
GPO AEROPORTUARIO DEL PAC SA	SPON ADR B	400506101	1,651	20,250	SH		SOLE		20,250	0	0
H & E EQUIPMENT SERVICES INC	COM	404030108	3,203	156,873	SH		SOLE		156,873	0	0
HANESBRANDS INC	COM	410345102	488	38,974	SH		SOLE		38,974	0	0
HANNON ARMSTRONG SUST INFR C	COM	41068X100	4,716	247,575	SH		SOLE		245,953	0	1,622
HERCULES CAPITAL INC	COM	427096508	3,677	332,734	SH		SOLE		331,186	0	1,548
HOME DEPOT INC	COM	437076102	2,303	13,402	SH		SOLE		13,402	0	0
INTEL CORP	COM	458140100	853	18,186	SH		SOLE		18,186	0	0
INTERNATIONAL BUSINESS MACHS	COM	459200101	4,764	41,914	SH		SOLE		41,719	0	195
INVESCO BD FD	COM	46132L107	168	10,000	SH		SOLE		10,000	0	0
INVESCO EXCHNG TRADED FD TR	VAR RATE PFD	46138G870	379	16,625	SH		SOLE		16,625	0	0
IRON MTN INC NEW	COM	46284V101	4,132	127,485	SH		SOLE		126,826	0	659
ISHARES TR	CORE S&P500 ETF	464287200	251	997	SH		SOLE		997	0	0
ISHARES TR	MSCI EAFE ETF	464287465	1,108	18,847	SH		SOLE		18,847	0	0
ISHARES TR	RUS MID CAP ETF	464287499	1,498	32,222	SH		SOLE		32,222	0	0
JOHNSON & JOHNSON	COM	478160104	1,380	10,697	SH		SOLE		10,697	0	0
JPMORGAN CHASE & CO	COM	46625H100	1,104	11,311	SH		SOLE		11,311	0	0
KB FINANCIAL GROUP INC	SPONSORED ADR	48241A105	967	23,025	SH		SOLE		23,025	0	0
KIMBERLY CLARK CORP	COM	494368103	257	2,254	SH		SOLE		2,254	0	0
KINDER MORGAN INC DEL	COM	49456B101	606	39,425	SH		SOLE		39,425	0	0
L BRANDS INC	COM	501797104	578	22,519	SH		SOLE		22,519	0	0
LAMAR ADVERTISING CO NEW	CL A	512816109	4,578	66,179	SH		SOLE		65,881	0	297
LAS VEGAS SANDS CORP	COM	517834107	1,319	25,350	SH		SOLE		25,350	0	0
LAZARD LTD	SHS A	G54050102	603	16,335	SH		SOLE		16,335	0	0
LIBERTY ALL STAR EQUITY FD	SH BEN INT	530158104	108	20,000	SH		SOLE		20,000	0	0
LILLY ELI & CO	COM	532457108	658	5,690	SH		SOLE		5,690	0	0
LOCKHEED MARTIN CORP	COM	539830109	487	1,859	SH		SOLE		1,859	0	0
LOWES COS INC	COM	548661107	616	6,674	SH		SOLE		6,674	0	0
MAGELLAN MIDSTREAM PRTNRS LP	COM UNIT RP LP	559080106	2,648	46,403	SH		SOLE		46,010	0	393
MARRIOTT INTL INC NEW	CL A	571903202	547	5,039	SH		SOLE		5,039	0	0
MCCORMICK & CO INC	COM NON VTG	579780206	11,418	82,001	SH		SOLE		82,001	0	0
MCDONALDS CORP	COM	580135101	432	2,431	SH		SOLE		2,431	0	0
MEDTRONIC PLC	SHS	G5960L103	724	7,962	SH		SOLE		7,962	0	0
MERCK & CO INC	COM	58933Y105	668	8,746	SH		SOLE		8,746	0	0
MFS CHARTER INCOME TR	SH BEN INT	552727109	213	29,075	SH		SOLE		29,075	0	0
MFS GOVT MKTS INCOME TR	SH BEN INT	552939100	72	16,000	SH		SOLE		16,000	0	0
MFS MULTIMARKET INCOME TR	SH BEN INT	552737108	81	15,850	SH		SOLE		15,850	0	0
MGM GROWTH PPTYS LLC	CL A COM	55303A105	601	22,765	SH		SOLE		22,765	0	0
MICROSOFT CORP	COM	594918104	1,171	11,533	SH		SOLE		11,533	0	0
MILESTONE SCIENTIFIC INC	COM NEW	59935P209	13	40,500	SH		SOLE		40,500	0	0
MOHAWK INDS INC	COM	608190104	355	3,036	SH		SOLE		3,036	0	0
MYLAN N V	SHS EURO	N59465109	415	15,142	SH		SOLE		15,142	0	0
NATIONAL GRID PLC	SPONSORED ADR NE	636274409	1,240	25,836	SH		SOLE		25,836	0	0
NATIONAL RETAIL PPTYS INC	COM	637417106	5,458	112,506	SH		SOLE		111,927	0	579
NATIONAL STORAGE AFFILIATES	COM SHS BEN IN	637870106	238	9,000	SH		SOLE		9,000	0	0
NAVIENT CORPORATION	COM	63938C108	2,590	293,991	SH		SOLE		292,531	0	1,460
NEW MEDIA INVT GROUP INC	COM	64704V106	3,029	261,791	SH		SOLE		260,555	0	1,236
NEXTERA ENERGY INC	COM	65339F101	473	2,720	SH		SOLE		2,720	0	0
NEXTERA ENERGY PARTNERS LP	COM UNIT PART IN	65341B106	475	11,045	SH		SOLE		11,045	0	0
NIKE INC	CL B	654106103	297	4,000	SH		SOLE		4,000	0	0
NORTHROP GRUMMAN CORP	COM	666807102	763	3,115	SH		SOLE		3,115	0	0
NUCOR CORP	COM	670346105	285	5,500	SH		SOLE		5,500	0	0
NUSTAR ENERGY LP	UNIT COM	67058H102	1,263	60,343	SH		SOLE		59,868	0	475
ONEOK INC NEW	COM	682680103	835	15,486	SH		SOLE		15,486	0	0
PALO ALTO NETWORKS INC	COM	697435105	1,168	6,203	SH		SOLE		6,203	0	0
PARTY CITY HOLDCO INC	COM	702149105	421	42,150	SH		SOLE		42,150	0	0
PEPSICO INC	COM	713448108	708	6,408	SH		SOLE		6,408	0	0
PFIZER INC	COM	717081103	5,045	115,585	SH		SOLE		115,040	0	545
PIMCO ETF TR	0-5 HIGH YIELD	72201R783	202	2,125	SH		SOLE		2,125	0	0
PITNEY BOWES INC	COM	724479100	1,957	331,101	SH		SOLE		329,706	0	1,395
POWER REIT	COM	73933H101	89	15,913	SH		SOLE		15,913	0	0
PPL CORP	COM	69351T106	2,582	91,144	SH		SOLE		90,679	0	465
PROCTER AND GAMBLE CO	COM	742718109	860	9,359	SH		SOLE		9,359	0	0
PUTNAM MANAGED MUN INCOM TR	COM	746823103	134	20,000	SH		SOLE		20,000	0	0
PUTNAM PREMIER INCOME TR	SH BEN INT	746853100	50	10,750	SH		SOLE		10,750	0	0
QUALCOMM INC	COM	747525103	4,343	76,316	SH		SOLE		75,936	0	380
REALTY INCOME CORP	COM	756109104	320	5,072	SH		SOLE		5,072	0	0
RIO TINTO PLC	SPONSORED ADR	767204100	1,780	36,714	SH		SOLE		36,714	0	0
ROSS STORES INC	COM	778296103	823	9,895	SH		SOLE		9,895	0	0
ROYAL DUTCH SHELL PLC	SPON ADR B	780259107	1,526	25,465	SH		SOLE		25,465	0	0
ROYAL DUTCH SHELL PLC	SPONS ADR A	780259206	220	3,775	SH		SOLE		3,775	0	0
RYMAN HOSPITALITY PPTYS INC	COM	78377T107	4,311	64,642	SH		SOLE		64,271	0	371
SABRA HEALTH CARE REIT INC	COM	78573L106	2,915	176,869	SH		SOLE		176,012	0	858
SANDY SPRING BANCORP INC	COM	800363103	582	18,567	SH		SOLE		18,567	0	0
SASOL LTD	SPONSORED ADR	803866300	436	14,875	SH		SOLE		14,875	0	0
SCHLUMBERGER LTD	COM	806857108	3,874	107,369	SH		SOLE		106,839	0	530
SEAGATE TECHNOLOGY PLC	SHS	G7945M107	5,402	139,993	SH		SOLE		139,308	0	685
SELECT SECTOR SPDR TR	SBI HEALTHCARE	81369Y209	363	4,200	SH		SOLE		4,200	0	0
SELECT SECTOR SPDR TR	SBI CONS STPLS	81369Y308	325	6,400	SH		SOLE		6,400	0	0
SELECT SECTOR SPDR TR	SBI INT-INDS	81369Y704	309	4,800	SH		SOLE		4,800	0	0
SEMPRA ENERGY	COM	816851109	320	2,959	SH		SOLE		2,959	0	0
SHERWIN WILLIAMS CO	COM	824348106	705	1,793	SH		SOLE		1,793	0	0
SHORE BANCSHARES INC	COM	825107105	774	53,203	SH		SOLE		53,203	0	0
SIMON PPTY GROUP INC NEW	COM	828806109	557	3,315	SH		SOLE		3,315	0	0
SIX FLAGS ENTMT CORP NEW	COM	83001A102	4,117	74,001	SH		SOLE		73,680	0	320
SMTC CORP	COM NEW	832682207	65	15,977	SH		SOLE		15,977	0	0
SPDR S&P 500 ETF TR	TR UNIT	78462F103	2,629	10,520	SH		SOLE		10,520	0	0
SPDR S&P MIDCAP 400 ETF TR	UTSER1 S&PDCRP	78467Y107	1,734	5,728	SH		SOLE		5,728	0	0
SUMITOMO MITSUI FINL GROUP I	SPONSORED ADR	86562M209	1,377	211,452	SH		SOLE		211,452	0	0
SUNRUN INC	COM	86771W105	136	12,500	SH		SOLE		12,500	0	0
TAIWAN SEMICONDUCTOR MFG LTD	SPONSORED ADR	874039100	1,463	39,640	SH		SOLE		39,640	0	0
TANGER FACTORY OUTLET CTRS I	COM	875465106	3,668	181,387	SH		SOLE		180,572	0	815
TARGA RES CORP	COM	87612G101	3,906	108,447	SH		SOLE		107,873	0	574
TEMPLETON GLOBAL INCOME FD	COM	880198106	196	32,500	SH		SOLE		32,500	0	0
TERADYNE INC	COM	880770102	486	15,490	SH		SOLE		15,490	0	0
TOTAL S A	SPONSORED ADR	89151E109	1,184	22,685	SH		SOLE		22,685	0	0
TOYOTA MOTOR CORP	SP ADR REP2COM	892331307	1,343	11,570	SH		SOLE		11,570	0	0
UNION PAC CORP	COM	907818108	283	2,045	SH		SOLE		2,045	0	0
UNITED RENTALS INC	COM	911363109	941	9,180	SH		SOLE		9,180	0	0
UNITED TECHNOLOGIES CORP	COM	913017109	504	4,736	SH		SOLE		4,736	0	0
VANGUARD INDEX FDS	S&P 500 ETF SHS	922908363	2,151	9,358	SH		SOLE		9,358	0	0
VANGUARD INDEX FDS	MID CAP ETF	922908629	243	1,755	SH		SOLE		1,755	0	0
VANGUARD INDEX FDS	SMALL CP ETF	922908751	3,234	24,499	SH		SOLE		24,499	0	0
VANGUARD INTL EQUITY INDEX F	ALLWRLD EX US	922042775	545	11,952	SH		SOLE		11,952	0	0
VANGUARD INTL EQUITY INDEX F	FTSE EMR MKT ETF	922042858	544	14,286	SH		SOLE		14,286	0	0
VANGUARD TAX MANAGED INTL FD	FTSE DEV MKT ETF	921943858	612	16,503	SH		SOLE		16,503	0	0
VENTAS INC	COM	92276F100	3,770	64,342	SH		SOLE		64,063	0	280
VERIZON COMMUNICATIONS INC	COM	92343V104	5,660	100,672	SH		SOLE		100,314	0	359
VMWARE INC	CL A COM	928563402	886	6,460	SH		SOLE		6,460	0	0
WALGREENS BOOTS ALLIANCE INC	COM	931427108	353	5,160	SH		SOLE		5,160	0	0
WELLS FARGO CO NEW	COM	949746101	496	10,775	SH		SOLE		10,775	0	0
WELLTOWER INC	COM	95040Q104	255	3,680	SH		SOLE		3,680	0	0
WESTERN ASSET MUN HI INCM FD	COM	95766N103	148	21,350	SH		SOLE		21,350	0	0
WESTPAC BKG CORP	SPONSORED ADR	961214301	1,041	59,600	SH		SOLE		59,600	0	0
XCEL ENERGY INC	COM	98389B100	239	4,856	SH		SOLE		4,856	0	0
XPO LOGISTICS INC	COM	983793100	609	10,680	SH		SOLE		10,680	0	0
XYLEM INC	COM	98419M100	234	3,500	SH		SOLE		3,500	0	0
ZIMMER BIOMET HLDGS INC	COM	98956P102	630	6,070	SH		SOLE		6,070	0	0