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	1,070	12,783	SH		SOLE		12,783	0	0
ABBVIE INC	COM	00287Y109	7,126	94,110	SH		SOLE		94,110	0	0
ALBANY INTL CORP	CL A	012348108	1,488	16,499	SH		SOLE		16,499	0	0
ALLY FINL INC	COM	02005N100	308	9,300	SH		SOLE		9,300	0	0
ALPHABET INC	CAP STK CL C	02079K107	706	579	SH		SOLE		579	0	0
ALPHABET INC	CAP STK CL A	02079K305	540	442	SH		SOLE		442	0	0
ALPS ETF TR	ALERIAN MLP	00162Q866	500	54,750	SH		SOLE		54,750	0	0
ALTRIA GROUP INC	COM	02209S103	217	5,313	SH		SOLE		5,313	0	0
AMAZON COM INC	COM	023135106	948	546	SH		SOLE		546	0	0
AMERICAN CAMPUS CMNTYS INC	COM	024835100	200	4,158	SH		SOLE		4,158	0	0
AMERICAN ELEC PWR CO INC	COM	025537101	494	5,273	SH		SOLE		5,273	0	0
AMERICAN EXPRESS CO	COM	025816109	488	4,127	SH		SOLE		4,127	0	0
AMERICAN INTL GROUP INC	COM NEW	026874784	200	3,600	SH		SOLE		3,600	0	0
AMERICAN WTR WKS CO INC NEW	COM	030420103	944	7,600	SH		SOLE		7,600	0	0
AMGEN INC	COM	031162100	1,062	5,487	SH		SOLE		5,487	0	0
APPLE INC	COM	037833100	1,944	8,682	SH		SOLE		8,682	0	0
APPLIED MATLS INC	COM	038222105	1,400	28,058	SH		SOLE		28,058	0	0
APTIV PLC	SHS	G6095L109	1,097	12,543	SH		SOLE		12,543	0	0
ARCH CAP GROUP LTD	ORD	G0450A105	315	7,500	SH		SOLE		7,500	0	0
AT&T INC	COM	00206R102	6,459	170,704	SH		SOLE		169,989	0	715
AUTOMATIC DATA PROCESSING IN	COM	053015103	242	1,500	SH		SOLE		1,500	0	0
B & G FOODS INC NEW	COM	05508R106	2,950	155,981	SH		SOLE		155,445	0	535
BERKSHIRE HATHAWAY INC DEL	CL B NEW	084670702	318	1,531	SH		SOLE		1,531	0	0
BLACKSTONE GROUP INC	COM CL A	09260D107	814	16,663	SH		SOLE		16,663	0	0
BOEING CO	COM	097023105	201	527	SH		SOLE		527	0	0
BRISTOL MYERS SQUIBB CO	COM	110122108	706	13,925	SH		SOLE		13,925	0	0
BRIXMOR PPTY GROUP INC	COM	11120U105	860	42,375	SH		SOLE		42,375	0	0
BROADCOM INC	COM	11135F101	313	1,132	SH		SOLE		1,132	0	0
CARETRUST REIT INC	COM	14174T107	329	14,000	SH		SOLE		14,000	0	0
CARMAX INC	COM	143130102	1,318	14,976	SH		SOLE		14,976	0	0
CATERPILLAR INC DEL	COM	149123101	1,073	8,498	SH		SOLE		8,498	0	0
CELGENE CORP	COM	151020104	731	7,366	SH		SOLE		7,366	0	0
CENTERPOINT ENERGY INC	COM	15189T107	324	10,750	SH		SOLE		10,750	0	0
CENTURYLINK INC	COM	156700106	4,574	366,506	SH		SOLE		366,506	0	0
CHEVRON CORP NEW	COM	166764100	4,099	34,564	SH		SOLE		34,377	0	187
CHINA MOBILE LIMITED	SPONSORED ADR	16941M109	958	23,149	SH		SOLE		23,149	0	0
CISCO SYS INC	COM	17275R102	2,013	40,747	SH		SOLE		40,747	0	0
COCA COLA CO	COM	191216100	277	5,085	SH		SOLE		5,085	0	0
COMCAST CORP NEW	CL A	20030N101	529	11,734	SH		SOLE		11,734	0	0
COMPASS DIVERSIFIED HOLDINGS	SH BEN INT	20451Q104	4,964	251,866	SH		SOLE		250,899	0	967
CONAGRA BRANDS INC	COM	205887102	257	8,375	SH		SOLE		8,375	0	0
CONSTELLATION BRANDS INC	CL A	21036P108	549	2,650	SH		SOLE		2,650	0	0
COVANTA HLDG CORP	COM	22282E102	4,544	262,812	SH		SOLE		261,607	0	1,205
CROWN CASTLE INTL CORP NEW	COM	22822V101	455	3,270	SH		SOLE		3,270	0	0
DEERE & CO	COM	244199105	366	2,168	SH		SOLE		2,168	0	0
DIGITAL RLTY TR INC	COM	253868103	284	2,190	SH		SOLE		2,190	0	0
DISNEY WALT CO	COM DISNEY	254687106	544	4,177	SH		SOLE		4,177	0	0
DOMINION ENERGY INC	COM	25746U109	279	3,442	SH		SOLE		3,442	0	0
DOW INC	COM	260557103	4,627	97,095	SH		SOLE		97,095	0	0
DUKE ENERGY CORP NEW	COM NEW	26441C204	4,351	45,393	SH		SOLE		45,163	0	230
DUNKIN BRANDS GROUP INC	COM	265504100	298	3,750	SH		SOLE		3,750	0	0
ENERGY TRANSFER LP	COM UT LTD PTN	29273V100	2,258	172,597	SH		SOLE		172,597	0	0
ENTERPRISE PRODS PARTNERS L	COM	293792107	4,164	145,710	SH		SOLE		144,968	0	742
EVEREST RE GROUP LTD	COM	G3223R108	837	3,147	SH		SOLE		3,147	0	0
EXXON MOBIL CORP	COM	30231G102	669	9,481	SH		SOLE		9,481	0	0
FACEBOOK INC	CL A	30303M102	1,707	9,584	SH		SOLE		9,584	0	0
FARMLAND PARTNERS INC	COM	31154R109	174	33,800	SH		SOLE		33,800	0	0
FISERV INC	COM	337738108	1,732	16,715	SH		SOLE		16,715	0	0
FORD MTR CO DEL	COM	345370860	4,506	491,921	SH		SOLE		491,921	0	0
FREEPORT-MCMORAN INC	CL B	35671D857	774	80,924	SH		SOLE		80,924	0	0
GENERAL ELECTRIC CO	COM	369604103	168	18,844	SH		SOLE		18,844	0	0
GENERAL MLS INC	COM	370334104	6,405	116,198	SH		SOLE		115,623	0	575
GENERAL MTRS CO	COM	37045V100	4,515	120,463	SH		SOLE		119,878	0	584
GILEAD SCIENCES INC	COM	375558103	254	4,000	SH		SOLE		4,000	0	0
GLAXOSMITHKLINE PLC	SPONSORED ADR	37733W105	1,486	34,827	SH		SOLE		34,827	0	0
GPO AEROPORTUARIO DEL PAC SA	SPON ADR B	400506101	2,070	21,450	SH		SOLE		21,450	0	0
H & E EQUIPMENT SERVICES INC	COM	404030108	4,479	155,200	SH		SOLE		154,460	0	740
HANESBRANDS INC	COM	410345102	715	46,648	SH		SOLE		46,648	0	0
HANNON ARMSTRONG SUST INFR C	COM	41068X100	7,139	244,917	SH		SOLE		243,295	0	1,622
HERCULES CAPITAL INC	COM	427096508	4,965	371,352	SH		SOLE		369,804	0	1,548
HOME DEPOT INC	COM	437076102	3,275	14,113	SH		SOLE		14,113	0	0
INTEL CORP	COM	458140100	877	17,019	SH		SOLE		17,019	0	0
INTERNATIONAL BUSINESS MACHS	COM	459200101	6,242	42,922	SH		SOLE		42,727	0	195
INVESCO BD FD	COM	46132L107	198	10,000	SH		SOLE		10,000	0	0
INVESCO EXCHNG TRADED FD TR	VAR RATE PFD	46138G870	480	18,875	SH		SOLE		18,875	0	0
IRON MTN INC NEW	COM	46284V101	4,434	136,905	SH		SOLE		136,246	0	659
ISHARES TR	MSCI EAFE ETF	464287465	844	12,949	SH		SOLE		12,949	0	0
ISHARES TR	RUS MID CAP ETF	464287499	2,038	36,432	SH		SOLE		36,432	0	0
JOHNSON & JOHNSON	COM	478160104	869	6,717	SH		SOLE		6,717	0	0
JPMORGAN CHASE & CO	COM	46625H100	1,044	8,872	SH		SOLE		8,872	0	0
KB FINANCIAL GROUP INC	SPONSORED ADR	48241A105	958	26,810	SH		SOLE		26,810	0	0
KIMBERLY CLARK CORP	COM	494368103	341	2,404	SH		SOLE		2,404	0	0
KINDER MORGAN INC DEL	COM	49456B101	1,013	49,144	SH		SOLE		49,144	0	0
LABORATORY CORP AMER HLDGS	COM NEW	50540R409	252	1,500	SH		SOLE		1,500	0	0
LAMAR ADVERTISING CO NEW	CL A	512816109	5,287	64,528	SH		SOLE		64,230	0	297
LAS VEGAS SANDS CORP	COM	517834107	1,637	28,345	SH		SOLE		28,345	0	0
LAZARD LTD	SHS A	G54050102	624	17,835	SH		SOLE		17,835	0	0
LILLY ELI & CO	COM	532457108	545	4,875	SH		SOLE		4,875	0	0
LOCKHEED MARTIN CORP	COM	539830109	686	1,759	SH		SOLE		1,759	0	0
LOWES COS INC	COM	548661107	713	6,484	SH		SOLE		6,484	0	0
MAGELLAN MIDSTREAM PRTNRS LP	COM UNIT RP LP	559080106	3,522	53,148	SH		SOLE		52,755	0	393
MARRIOTT INTL INC NEW	CL A	571903202	1,112	8,940	SH		SOLE		8,940	0	0
MCCORMICK & CO INC	COM NON VTG	579780206	12,817	82,001	SH		SOLE		82,001	0	0
MCDONALDS CORP	COM	580135101	503	2,344	SH		SOLE		2,344	0	0
MEDTRONIC PLC	SHS	G5960L103	720	6,627	SH		SOLE		6,627	0	0
MERCK & CO INC	COM	58933Y105	797	9,471	SH		SOLE		9,471	0	0
MFS CHARTER INCOME TR	SH BEN INT	552727109	242	29,075	SH		SOLE		29,075	0	0
MFS GOVT MKTS INCOME TR	SH BEN INT	552939100	78	17,000	SH		SOLE		17,000	0	0
MFS MULTIMARKET INCOME TR	SH BEN INT	552737108	94	15,850	SH		SOLE		15,850	0	0
MGM GROWTH PPTYS LLC	CL A COM	55303A105	819	27,250	SH		SOLE		27,250	0	0
MICROSOFT CORP	COM	594918104	1,401	10,081	SH		SOLE		10,081	0	0
MILESTONE SCIENTIFIC INC	COM NEW	59935P209	34	40,500	SH		SOLE		40,500	0	0
MOHAWK INDS INC	COM	608190104	473	3,816	SH		SOLE		3,816	0	0
MSA SAFETY INC	COM	553498106	316	2,900	SH		SOLE		2,900	0	0
NATIONAL GRID PLC	SPONSORED ADR NE	636274409	1,044	19,291	SH		SOLE		19,291	0	0
NATIONAL RETAIL PPTYS INC	COM	637417106	390	6,910	SH		SOLE		6,910	0	0
NATIONAL STORAGE AFFILIATES	COM SHS BEN IN	637870106	284	8,500	SH		SOLE		8,500	0	0
NAVIENT CORPORATION	COM	63938C108	4,182	326,723	SH		SOLE		325,263	0	1,460
NEW MEDIA INVT GROUP INC	COM	64704V106	2,436	276,538	SH		SOLE		276,537	0	1
NEXTERA ENERGY INC	COM	65339F101	521	2,238	SH		SOLE		2,238	0	0
NEXTERA ENERGY PARTNERS LP	COM UNIT PART IN	65341B106	469	8,875	SH		SOLE		8,875	0	0
NIKE INC	CL B	654106103	376	4,000	SH		SOLE		4,000	0	0
NORTHROP GRUMMAN CORP	COM	666807102	1,479	3,945	SH		SOLE		3,945	0	0
NUCOR CORP	COM	670346105	458	9,000	SH		SOLE		9,000	0	0
ONEOK INC NEW	COM	682680103	1,287	17,459	SH		SOLE		17,459	0	0
PALO ALTO NETWORKS INC	COM	697435105	917	4,497	SH		SOLE		4,497	0	0
PARTY CITY HOLDCO INC	COM	702149105	268	46,968	SH		SOLE		46,968	0	0
PATTERN ENERGY GROUP INC	CL A	70338P100	6,823	253,377	SH		SOLE		252,257	0	1,120
PEPSICO INC	COM	713448108	879	6,408	SH		SOLE		6,408	0	0
PFIZER INC	COM	717081103	4,188	116,560	SH		SOLE		116,025	0	535
PITNEY BOWES INC	COM	724479100	119	26,025	SH		SOLE		26,025	0	0
PPL CORP	COM	69351T106	2,878	91,379	SH		SOLE		90,914	0	465
PROCTER & GAMBLE CO	COM	742718109	1,098	8,824	SH		SOLE		8,824	0	0
PUTNAM MANAGED MUN INCOM TR	COM	746823103	157	20,000	SH		SOLE		20,000	0	0
PUTNAM PREMIER INCOME TR	SH BEN INT	746853100	57	10,750	SH		SOLE		10,750	0	0
QUALCOMM INC	COM	747525103	4,110	53,884	SH		SOLE		53,669	0	215
REALTY INCOME CORP	COM	756109104	374	4,879	SH		SOLE		4,879	0	0
RIO TINTO PLC	SPONSORED ADR	767204100	2,107	40,444	SH		SOLE		40,444	0	0
ROSS STORES INC	COM	778296103	1,301	11,840	SH		SOLE		11,840	0	0
ROYAL DUTCH SHELL PLC	SPON ADR B	780259107	1,687	28,165	SH		SOLE		28,165	0	0
RYMAN HOSPITALITY PPTYS INC	COM	78377T107	4,876	59,600	SH		SOLE		59,309	0	291
SABRA HEALTH CARE REIT INC	COM	78573L106	4,298	187,209	SH		SOLE		186,352	0	858
SANDY SPRING BANCORP INC	COM	800363103	626	18,567	SH		SOLE		18,567	0	0
SASOL LTD	SPONSORED ADR	803866300	297	17,455	SH		SOLE		17,455	0	0
SCHLUMBERGER LTD	COM	806857108	3,915	114,575	SH		SOLE		114,575	0	0
SEAGATE TECHNOLOGY PLC	SHS	G7945M107	6,617	123,020	SH		SOLE		122,420	0	600
SELECT SECTOR SPDR TR	SBI HEALTHCARE	81369Y209	365	4,050	SH		SOLE		4,050	0	0
SELECT SECTOR SPDR TR	SBI CONS DISCR	81369Y407	217	1,800	SH		SOLE		1,800	0	0
SELECT SECTOR SPDR TR	SBI INT-INDS	81369Y704	373	4,800	SH		SOLE		4,800	0	0
SELECT SECTOR SPDR TR	TECHNOLOGY	81369Y803	238	2,950	SH		SOLE		2,950	0	0
SEMPRA ENERGY	COM	816851109	426	2,884	SH		SOLE		2,884	0	0
SHERWIN WILLIAMS CO	COM	824348106	1,153	2,096	SH		SOLE		2,096	0	0
SHORE BANCSHARES INC	COM	825107105	820	53,203	SH		SOLE		53,203	0	0
SIMON PPTY GROUP INC NEW	COM	828806109	575	3,697	SH		SOLE		3,697	0	0
SIX FLAGS ENTMT CORP NEW	COM	83001A102	4,196	82,610	SH		SOLE		82,289	0	320
SMTC CORP	COM NEW	832682207	35	15,977	SH		SOLE		15,977	0	0
SPDR S&P 500 ETF TR	TR UNIT	78462F103	3,361	11,327	SH		SOLE		10,832	0	495
SPDR S&P MIDCAP 400 ETF TR	UTSER1 S&PDCRP	78467Y107	2,156	6,118	SH		SOLE		6,118	0	0
SUMITOMO MITSUI FINL GROUP I	SPONSORED ADR	86562M209	1,585	231,662	SH		SOLE		231,662	0	0
SUNRUN INC	COM	86771W105	217	13,000	SH		SOLE		13,000	0	0
TAIWAN SEMICONDUCTOR MFG LTD	SPONSORED ADS	874039100	1,984	42,675	SH		SOLE		42,675	0	0
TANGER FACTORY OUTLET CTRS I	COM	875465106	2,995	193,458	SH		SOLE		193,458	0	0
TARGA RES CORP	COM	87612G101	4,720	117,491	SH		SOLE		116,917	0	574
TEMPLETON GLOBAL INCOME FD	COM	880198106	215	35,000	SH		SOLE		35,000	0	0
TERADYNE INC	COM	880770102	1,035	17,875	SH		SOLE		17,875	0	0
THL CREDIT INC	COM	872438106	102	15,000	SH		SOLE		15,000	0	0
TOTAL S A	SPONSORED ADS	89151E109	1,293	24,865	SH		SOLE		24,865	0	0
TOYOTA MOTOR CORP	SP ADR REP2COM	892331307	1,646	12,240	SH		SOLE		12,240	0	0
UNION PACIFIC CORP	COM	907818108	258	1,595	SH		SOLE		1,595	0	0
UNITED PARCEL SERVICE INC	CL B	911312106	264	2,200	SH		SOLE		2,200	0	0
UNITED RENTALS INC	COM	911363109	1,225	9,830	SH		SOLE		9,830	0	0
VANECK VECTORS ETF TR	BDC INCOME ETF	92189F411	169	10,000	SH		SOLE		10,000	0	0
VANGUARD INDEX FDS	MID CAP ETF	922908629	294	1,755	SH		SOLE		1,755	0	0
VANGUARD INDEX FDS	SMALL CP ETF	922908751	4,047	26,300	SH		SOLE		26,300	0	0
VANGUARD INTL EQUITY INDEX F	ALLWRLD EX US	922042775	746	14,952	SH		SOLE		14,952	0	0
VANGUARD INTL EQUITY INDEX F	FTSE EMR MKT ETF	922042858	670	16,644	SH		SOLE		16,644	0	0
VANGUARD TAX MANAGED INTL FD	FTSE DEV MKT ETF	921943858	222	5,403	SH		SOLE		5,403	0	0
VANGUARD WORLD FD	EXTENDED DUR	921910709	584	4,135	SH		SOLE		4,135	0	0
VANGUARD WORLD FDS	INF TECH ETF	92204A702	216	1,000	SH		SOLE		1,000	0	0
VENTAS INC	COM	92276F100	246	3,375	SH		SOLE		3,375	0	0
VERIZON COMMUNICATIONS INC	COM	92343V104	6,257	103,653	SH		SOLE		103,295	0	359
VMWARE INC	CL A COM	928563402	687	4,578	SH		SOLE		4,578	0	0
WALGREENS BOOTS ALLIANCE INC	COM	931427108	413	7,475	SH		SOLE		7,475	0	0
WELLS FARGO CO NEW	COM	949746101	720	14,275	SH		SOLE		14,275	0	0
WELLTOWER INC	COM	95040Q104	323	3,559	SH		SOLE		3,559	0	0
WESTERN ASSET HGH YLD DFNDFD	COM	95768B107	152	10,000	SH		SOLE		10,000	0	0
WESTERN ASSET MUN HI INCM FD	COM	95766N103	162	21,350	SH		SOLE		21,350	0	0
WESTERN DIGITAL CORP	COM	958102105	7,361	123,421	SH		SOLE		122,821	0	600
WESTPAC BKG CORP	SPONSORED ADR	961214301	1,297	64,895	SH		SOLE		64,895	0	0
WESTROCK CO	COM	96145D105	4,879	133,862	SH		SOLE		133,187	0	675
WILLIAMS COS INC DEL	COM	969457100	604	25,104	SH		SOLE		25,104	0	0
XCEL ENERGY INC	COM	98389B100	315	4,856	SH		SOLE		4,856	0	0
XPO LOGISTICS INC	COM	983793100	922	12,880	SH		SOLE		12,880	0	0
XYLEM INC	COM	98419M100	438	5,500	SH		SOLE		5,500	0	0
ZIMMER BIOMET HLDGS INC	COM	98956P102	1,000	7,285	SH		SOLE		7,285	0	0