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
ABBOTT LABS	COM	002824100	1,098	13,733	SH		SOLE		13,733	0	0
ABBVIE INC	COM	00287Y109	1,028	12,759	SH		SOLE		12,759	0	0
ALBANY INTL CORP	CL A	012348108	1,052	14,694	SH		SOLE		14,694	0	0
ALLY FINL INC	COM	02005N100	256	9,300	SH		SOLE		9,300	0	0
ALPHABET INC	CAP STK CL C	02079K107	679	579	SH		SOLE		579	0	0
ALPHABET INC	CAP STK CL A	02079K305	518	440	SH		SOLE		440	0	0
ALPS ETF TR	ALERIAN MLP	00162Q866	548	54,675	SH		SOLE		54,675	0	0
ALTRIA GROUP INC	COM	02209S103	269	4,688	SH		SOLE		4,688	0	0
AMAZON COM INC	COM	023135106	1,088	611	SH		SOLE		611	0	0
AMERICAN ELEC PWR CO INC	COM	025537101	442	5,273	SH		SOLE		5,273	0	0
AMERICAN EXPRESS CO	COM	025816109	451	4,127	SH		SOLE		4,127	0	0
AMERICAN WTR WKS CO INC NEW	COM	030420103	831	7,975	SH		SOLE		7,975	0	0
AMGEN INC	COM	031162100	911	4,797	SH		SOLE		4,797	0	0
APPLE INC	COM	037833100	1,558	8,202	SH		SOLE		8,202	0	0
APPLIED MATLS INC	COM	038222105	955	24,083	SH		SOLE		24,083	0	0
APTIV PLC	SHS	G6095L109	806	10,138	SH		SOLE		10,138	0	0
ARCH CAP GROUP LTD	ORD	G0450A105	242	7,500	SH		SOLE		7,500	0	0
AT&T INC	COM	00206R102	5,301	169,048	SH		SOLE		168,333	0	715
AUTOMATIC DATA PROCESSING IN	COM	053015103	240	1,500	SH		SOLE		1,500	0	0
B & G FOODS INC NEW	COM	05508R106	3,810	156,014	SH		SOLE		155,478	0	535
BERKSHIRE HATHAWAY INC DEL	CL B NEW	084670702	409	2,035	SH		SOLE		2,035	0	0
BLACKSTONE GROUP L P	COM UNIT LTD	09253U108	656	18,749	SH		SOLE		18,749	0	0
BOEING CO	COM	097023105	201	527	SH		SOLE		527	0	0
BRISTOL MYERS SQUIBB CO	COM	110122108	563	11,805	SH		SOLE		11,805	0	0
BRIXMOR PPTY GROUP INC	COM	11120U105	695	37,830	SH		SOLE		37,830	0	0
BROADCOM INC	COM	11135F101	316	1,052	SH		SOLE		1,052	0	0
BROOKFIELD INFRAST PARTNERS	LP INT UNIT	G16252101	226	5,400	SH		SOLE		5,400	0	0
CARETRUST REIT INC	COM	14174T107	334	14,250	SH		SOLE		14,250	0	0
CARMAX INC	COM	143130102	906	12,976	SH		SOLE		12,976	0	0
CATERPILLAR INC DEL	COM	149123101	1,079	7,963	SH		SOLE		7,963	0	0
CELGENE CORP	COM	151020104	590	6,251	SH		SOLE		6,251	0	0
CENTERPOINT ENERGY INC	COM	15189T107	322	10,500	SH		SOLE		10,500	0	0
CENTURYLINK INC	COM	156700106	4,188	349,256	SH		SOLE		347,766	0	1,490
CHEVRON CORP NEW	COM	166764100	4,965	40,306	SH		SOLE		40,104	0	202
CHINA MOBILE LIMITED	SPONSORED ADR	16941M109	1,127	22,094	SH		SOLE		22,094	0	0
CISCO SYS INC	COM	17275R102	2,046	37,892	SH		SOLE		37,892	0	0
COCA COLA CO	COM	191216100	264	5,625	SH		SOLE		5,625	0	0
COMCAST CORP NEW	CL A	20030N101	494	12,347	SH		SOLE		12,347	0	0
COMPASS DIVERSIFIED HOLDINGS	SH BEN INT	20451Q104	3,968	252,911	SH		SOLE		251,944	0	967
COVANTA HLDG CORP	COM	22282E102	4,607	266,155	SH		SOLE		264,950	0	1,205
CROWN CASTLE INTL CORP NEW	COM	22822V101	422	3,295	SH		SOLE		3,295	0	0
CUMMINS INC	COM	231021106	222	1,405	SH		SOLE		1,405	0	0
CVS HEALTH CORP	COM	126650100	325	6,027	SH		SOLE		6,027	0	0
DEERE & CO	COM	244199105	343	2,143	SH		SOLE		2,143	0	0
DIGITAL RLTY TR INC	COM	253868103	270	2,273	SH		SOLE		2,273	0	0
DISNEY WALT CO	COM DISNEY	254687106	472	4,247	SH		SOLE		4,247	0	0
DOMINION ENERGY INC	COM	25746U109	298	3,892	SH		SOLE		3,892	0	0
DOUGLAS DYNAMICS INC	COM	25960R105	645	16,931	SH		SOLE		16,645	0	286
DOWDUPONT INC	COM	26078J100	985	18,472	SH		SOLE		18,472	0	0
DUKE ENERGY CORP NEW	COM NEW	26441C204	4,452	49,467	SH		SOLE		49,237	0	230
DUNKIN BRANDS GROUP INC	COM	265504100	282	3,750	SH		SOLE		3,750	0	0
ENERGY TRANSFER LP	COM UT LTD PTN	29273V100	2,466	160,467	SH		SOLE		159,492	0	975
ENTERPRISE PRODS PARTNERS L	COM	293792107	4,282	147,155	SH		SOLE		146,413	0	742
EVEREST RE GROUP LTD	COM	G3223R108	506	2,342	SH		SOLE		2,342	0	0
EXXON MOBIL CORP	COM	30231G102	775	9,596	SH		SOLE		9,596	0	0
FACEBOOK INC	CL A	30303M102	1,358	8,144	SH		SOLE		8,144	0	0
FARMLAND PARTNERS INC	COM	31154R109	174	33,800	SH		SOLE		33,800	0	0
FISERV INC	COM	337738108	1,216	13,770	SH		SOLE		13,770	0	0
FORD MTR CO DEL	COM	345370860	4,403	501,425	SH		SOLE		499,175	0	2,250
FREEPORT-MCMORAN INC	CL B	35671D857	898	69,684	SH		SOLE		69,684	0	0
GENERAL ELECTRIC CO	COM	369604103	188	18,844	SH		SOLE		18,844	0	0
GENERAL MLS INC	COM	370334104	6,294	121,630	SH		SOLE		121,055	0	575
GENERAL MTRS CO	COM	37045V100	4,924	132,733	SH		SOLE		132,148	0	584
GILEAD SCIENCES INC	COM	375558103	346	5,325	SH		SOLE		5,325	0	0
GLAXOSMITHKLINE PLC	SPONSORED ADR	37733W105	1,411	33,772	SH		SOLE		33,772	0	0
GPO AEROPORTUARIO DEL PAC SA	SPON ADR B	400506101	1,825	20,510	SH		SOLE		20,510	0	0
H & E EQUIPMENT SERVICES INC	COM	404030108	4,098	163,193	SH		SOLE		162,453	0	740
HANESBRANDS INC	COM	410345102	735	41,131	SH		SOLE		41,131	0	0
HANNON ARMSTRONG SUST INFR C	COM	41068X100	6,625	258,390	SH		SOLE		256,768	0	1,622
HERCULES CAPITAL INC	COM	427096508	4,771	376,870	SH		SOLE		375,322	0	1,548
HOME DEPOT INC	COM	437076102	2,551	13,292	SH		SOLE		13,292	0	0
INTEL CORP	COM	458140100	946	17,619	SH		SOLE		17,619	0	0
INTERNATIONAL BUSINESS MACHS	COM	459200101	6,361	45,079	SH		SOLE		44,884	0	195
INVESCO BD FD	COM	46132L107	184	10,000	SH		SOLE		10,000	0	0
INVESCO EXCHNG TRADED FD TR	VAR RATE PFD	46138G870	464	18,875	SH		SOLE		18,875	0	0
IRON MTN INC NEW	COM	46284V101	4,869	137,303	SH		SOLE		136,644	0	659
ISHARES TR	MSCI EAFE ETF	464287465	748	11,527	SH		SOLE		11,527	0	0
ISHARES TR	RUS MID CAP ETF	464287499	1,943	36,017	SH		SOLE		36,017	0	0
JOHNSON & JOHNSON	COM	478160104	1,126	8,052	SH		SOLE		8,052	0	0
JPMORGAN CHASE & CO	COM	46625H100	1,065	10,517	SH		SOLE		10,517	0	0
KB FINANCIAL GROUP INC	SPONSORED ADR	48241A105	894	24,130	SH		SOLE		24,130	0	0
KIMBERLY CLARK CORP	COM	494368103	298	2,404	SH		SOLE		2,404	0	0
KINDER MORGAN INC DEL	COM	49456B101	1,057	52,810	SH		SOLE		52,810	0	0
L BRANDS INC	COM	501797104	289	10,464	SH		SOLE		10,464	0	0
LABORATORY CORP AMER HLDGS	COM NEW	50540R409	229	1,500	SH		SOLE		1,500	0	0
LAMAR ADVERTISING CO NEW	CL A	512816109	5,302	66,893	SH		SOLE		66,595	0	297
LAS VEGAS SANDS CORP	COM	517834107	1,658	27,200	SH		SOLE		27,200	0	0
LAZARD LTD	SHS A	G54050102	599	16,585	SH		SOLE		16,585	0	0
LILLY ELI & CO	COM	532457108	634	4,885	SH		SOLE		4,885	0	0
LOCKHEED MARTIN CORP	COM	539830109	513	1,709	SH		SOLE		1,709	0	0
LOWES COS INC	COM	548661107	706	6,449	SH		SOLE		6,449	0	0
MAGELLAN MIDSTREAM PRTNRS LP	COM UNIT RP LP	559080106	3,157	52,078	SH		SOLE		51,685	0	393
MARRIOTT INTL INC NEW	CL A	571903202	971	7,765	SH		SOLE		7,765	0	0
MCCORMICK & CO INC	COM NON VTG	579780206	12,352	82,001	SH		SOLE		82,001	0	0
MCDONALDS CORP	COM	580135101	436	2,294	SH		SOLE		2,294	0	0
MEDTRONIC PLC	SHS	G5960L103	706	7,752	SH		SOLE		7,752	0	0
MERCK & CO INC	COM	58933Y105	769	9,246	SH		SOLE		9,246	0	0
MFS CHARTER INCOME TR	SH BEN INT	552727109	230	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	90	15,850	SH		SOLE		15,850	0	0
MGM GROWTH PPTYS LLC	CL A COM	55303A105	779	24,145	SH		SOLE		24,145	0	0
MICROSOFT CORP	COM	594918104	1,186	10,056	SH		SOLE		10,056	0	0
MILESTONE SCIENTIFIC INC	COM NEW	59935P209	13	40,500	SH		SOLE		40,500	0	0
MOHAWK INDS INC	COM	608190104	418	3,316	SH		SOLE		3,316	0	0
MSA SAFETY INC	COM	553498106	300	2,900	SH		SOLE		2,900	0	0
NATIONAL GRID PLC	SPONSORED ADR NE	636274409	1,461	26,156	SH		SOLE		26,156	0	0
NATIONAL RETAIL PPTYS INC	COM	637417106	5,077	91,665	SH		SOLE		91,221	0	444
NATIONAL STORAGE AFFILIATES	COM SHS BEN IN	637870106	242	8,500	SH		SOLE		8,500	0	0
NAVIENT CORPORATION	COM	63938C108	3,917	338,544	SH		SOLE		337,084	0	1,460
NEW MEDIA INVT GROUP INC	COM	64704V106	3,109	296,125	SH		SOLE		294,889	0	1,236
NEXTERA ENERGY INC	COM	65339F101	433	2,238	SH		SOLE		2,238	0	0
NEXTERA ENERGY PARTNERS LP	COM UNIT PART IN	65341B106	414	8,875	SH		SOLE		8,875	0	0
NIKE INC	CL B	654106103	337	4,000	SH		SOLE		4,000	0	0
NORTHROP GRUMMAN CORP	COM	666807102	892	3,310	SH		SOLE		3,310	0	0
NUCOR CORP	COM	670346105	337	5,775	SH		SOLE		5,775	0	0
ONEOK INC NEW	COM	682680103	1,295	18,546	SH		SOLE		18,546	0	0
PALO ALTO NETWORKS INC	COM	697435105	976	4,017	SH		SOLE		4,017	0	0
PARTY CITY HOLDCO INC	COM	702149105	360	45,358	SH		SOLE		45,358	0	0
PATTERN ENERGY GROUP INC	CL A	70338P100	5,619	255,387	SH		SOLE		254,267	0	1,120
PEPSICO INC	COM	713448108	807	6,583	SH		SOLE		6,583	0	0
PFIZER INC	COM	717081103	4,210	99,123	SH		SOLE		98,588	0	535
PIMCO ETF TR	0-5 HIGH YIELD	72201R783	213	2,125	SH		SOLE		2,125	0	0
PITNEY BOWES INC	COM	724479100	2,543	370,176	SH		SOLE		368,781	0	1,395
POWER REIT	COM	73933H101	92	15,260	SH		SOLE		15,260	0	0
PPL CORP	COM	69351T106	3,065	96,559	SH		SOLE		96,094	0	465
PROCTER AND GAMBLE CO	COM	742718109	951	9,144	SH		SOLE		9,144	0	0
PUTNAM MANAGED MUN INCOM TR	COM	746823103	150	20,000	SH		SOLE		20,000	0	0
PUTNAM PREMIER INCOME TR	SH BEN INT	746853100	55	10,750	SH		SOLE		10,750	0	0
QUALCOMM INC	COM	747525103	4,843	84,924	SH		SOLE		84,544	0	380
REALTY INCOME CORP	COM	756109104	366	4,979	SH		SOLE		4,979	0	0
REGENERON PHARMACEUTICALS	COM	75886F107	205	500	SH		SOLE		500	0	0
RIO TINTO PLC	SPONSORED ADR	767204100	2,325	39,509	SH		SOLE		39,509	0	0
ROSS STORES INC	COM	778296103	968	10,400	SH		SOLE		10,400	0	0
ROYAL DUTCH SHELL PLC	SPON ADR B	780259107	1,745	27,280	SH		SOLE		27,280	0	0
ROYAL DUTCH SHELL PLC	SPONS ADR A	780259206	252	4,025	SH		SOLE		4,025	0	0
RYMAN HOSPITALITY PPTYS INC	COM	78377T107	5,159	62,732	SH		SOLE		62,441	0	291
SABRA HEALTH CARE REIT INC	COM	78573L106	3,752	192,727	SH		SOLE		191,870	0	858
SANDY SPRING BANCORP INC	COM	800363103	581	18,567	SH		SOLE		18,567	0	0
SASOL LTD	SPONSORED ADR	803866300	505	16,315	SH		SOLE		16,315	0	0
SCHLUMBERGER LTD	COM	806857108	5,238	120,230	SH		SOLE		119,700	0	530
SEAGATE TECHNOLOGY PLC	SHS	G7945M107	6,225	129,990	SH		SOLE		129,390	0	600
SELECT SECTOR SPDR TR	SBI HEALTHCARE	81369Y209	385	4,200	SH		SOLE		4,200	0	0
SELECT SECTOR SPDR TR	SBI CONS DISCR	81369Y407	205	1,800	SH		SOLE		1,800	0	0
SELECT SECTOR SPDR TR	SBI INT-INDS	81369Y704	360	4,800	SH		SOLE		4,800	0	0
SELECT SECTOR SPDR TR	TECHNOLOGY	81369Y803	229	3,100	SH		SOLE		3,100	0	0
SEMPRA ENERGY	COM	816851109	372	2,959	SH		SOLE		2,959	0	0
SHERWIN WILLIAMS CO	COM	824348106	783	1,819	SH		SOLE		1,819	0	0
SHORE BANCSHARES INC	COM	825107105	793	53,203	SH		SOLE		53,203	0	0
SIMON PPTY GROUP INC NEW	COM	828806109	625	3,430	SH		SOLE		3,430	0	0
SIX FLAGS ENTMT CORP NEW	COM	83001A102	4,062	82,305	SH		SOLE		81,984	0	320
SMTC CORP	COM NEW	832682207	60	15,977	SH		SOLE		15,977	0	0
SPDR S&P 500 ETF TR	TR UNIT	78462F103	2,171	7,684	SH		SOLE		7,684	0	0
SPDR S&P MIDCAP 400 ETF TR	UTSER1 S&PDCRP	78467Y107	2,157	6,246	SH		SOLE		6,246	0	0
SUMITOMO MITSUI FINL GROUP I	SPONSORED ADR	86562M209	1,569	223,222	SH		SOLE		223,222	0	0
SUNRUN INC	COM	86771W105	141	10,000	SH		SOLE		10,000	0	0
TAIWAN SEMICONDUCTOR MFG LTD	SPONSORED ADS	874039100	1,688	41,215	SH		SOLE		41,215	0	0
TANGER FACTORY OUTLET CTRS I	COM	875465106	4,303	205,107	SH		SOLE		204,292	0	815
TARGA RES CORP	COM	87612G101	4,945	119,006	SH		SOLE		118,432	0	574
TEMPLETON GLOBAL INCOME FD	COM	880198106	205	32,500	SH		SOLE		32,500	0	0
TERADYNE INC	COM	880770102	643	16,130	SH		SOLE		16,130	0	0
TOTAL S A	SPONSORED ADS	89151E109	1,345	24,165	SH		SOLE		24,165	0	0
TOYOTA MOTOR CORP	SP ADR REP2COM	892331307	1,401	11,875	SH		SOLE		11,875	0	0
UNION PACIFIC CORP	COM	907818108	267	1,595	SH		SOLE		1,595	0	0
UNITED PARCEL SERVICE INC	CL B	911312106	256	2,292	SH		SOLE		2,292	0	0
UNITED RENTALS INC	COM	911363109	1,053	9,215	SH		SOLE		9,215	0	0
UNITED TECHNOLOGIES CORP	COM	913017109	311	2,411	SH		SOLE		2,411	0	0
VANECK VECTORS ETF TR	BDC INCOME ETF	92189F411	205	12,500	SH		SOLE		12,500	0	0
VANGUARD INDEX FDS	MID CAP ETF	922908629	282	1,755	SH		SOLE		1,755	0	0
VANGUARD INDEX FDS	SMALL CP ETF	922908751	4,054	26,534	SH		SOLE		26,534	0	0
VANGUARD INTL EQUITY INDEX F	ALLWRLD EX US	922042775	723	14,426	SH		SOLE		14,426	0	0
VANGUARD INTL EQUITY INDEX F	FTSE EMR MKT ETF	922042858	737	17,335	SH		SOLE		17,335	0	0
VANGUARD TAX MANAGED INTL FD	FTSE DEV MKT ETF	921943858	221	5,403	SH		SOLE		5,403	0	0
VANGUARD WORLD FD	EXTENDED DUR	921910709	552	4,635	SH		SOLE		4,635	0	0
VANGUARD WORLD FDS	INF TECH ETF	92204A702	201	1,000	SH		SOLE		1,000	0	0
VENTAS INC	COM	92276F100	239	3,750	SH		SOLE		3,750	0	0
VERIZON COMMUNICATIONS INC	COM	92343V104	6,208	104,989	SH		SOLE		104,631	0	359
VMWARE INC	CL A COM	928563402	696	3,853	SH		SOLE		3,853	0	0
WALGREENS BOOTS ALLIANCE INC	COM	931427108	380	6,010	SH		SOLE		6,010	0	0
WELLS FARGO CO NEW	COM	949746101	616	12,745	SH		SOLE		12,745	0	0
WELLTOWER INC	COM	95040Q104	297	3,824	SH		SOLE		3,824	0	0
WESTERN ASSET MUN HI INCM FD	COM	95766N103	158	21,350	SH		SOLE		21,350	0	0
WESTERN DIGITAL CORP	COM	958102105	6,060	126,086	SH		SOLE		125,486	0	600
WESTPAC BKG CORP	SPONSORED ADR	961214301	1,146	61,930	SH		SOLE		61,930	0	0
WILLIAMS COS INC DEL	COM	969457100	817	28,434	SH		SOLE		28,434	0	0
XCEL ENERGY INC	COM	98389B100	273	4,856	SH		SOLE		4,856	0	0
XPO LOGISTICS INC	COM	983793100	605	11,255	SH		SOLE		11,255	0	0
XYLEM INC	COM	98419M100	296	3,750	SH		SOLE		3,750	0	0
ZIMMER BIOMET HLDGS INC	COM	98956P102	817	6,400	SH		SOLE		6,400	0	0