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
LAMAR ADVERTISING CO NEW	CL A	512816109	3,862	57,856	SH		SOLE		57,558	0	297
PACWEST BANCORP DEL	COM	695263103	3,099	157,241	SH		SOLE		156,486	0	755
APPLE INC	COM	037833100	2,702	7,407	SH		SOLE		7,407	0	0
TOYOTA MOTOR CORP	SP ADR REP2COM	892331307	1,588	12,640	SH		SOLE		12,640	0	0
FACEBOOK INC	CL A	30303M102	1,600	7,045	SH		SOLE		7,045	0	0
PALO ALTO NETWORKS INC	COM	697435105	1,328	5,784	SH		SOLE		5,784	0	0
KINDER MORGAN INC DEL	COM	49456B101	1,127	74,322	SH		SOLE		74,322	0	0
ALBANY INTL CORP	CL A	012348108	1,004	17,104	SH		SOLE		17,104	0	0
THERMO FISHER SCIENTIFIC INC	COM	883556102	880	2,430	SH		SOLE		2,430	0	0
SELECT SECTOR SPDR TR	TECHNOLOGY	81369Y803	308	2,950	SH		SOLE		2,950	0	0
MICROSOFT CORP	COM	594918104	1,339	6,578	SH		SOLE		6,578	0	0
DISNEY WALT CO	COM DISNEY	254687106	466	4,177	SH		SOLE		4,177	0	0
APPLIED MATLS INC	COM	038222105	1,775	29,368	SH		SOLE		29,368	0	0
WESTERN ASSET HIGH INCM OPP	COM	95766K109	506	109,500	SH		SOLE		109,500	0	0
VANGUARD INTL EQUITY INDEX F	FTSE EMR MKT ETF	922042858	660	16,651	SH		SOLE		16,651	0	0
CISCO SYS INC	COM	17275R102	2,068	44,349	SH		SOLE		44,349	0	0
MEDTRONIC PLC	SHS	G5960L103	604	6,582	SH		SOLE		6,582	0	0
TARGA RES CORP	COM	87612G101	3,931	195,889	SH		SOLE		194,390	0	1,499
MARRIOTT INTL INC NEW	CL A	571903202	796	9,280	SH		SOLE		9,280	0	0
CONAGRA BRANDS INC	COM	205887102	567	16,125	SH		SOLE		16,125	0	0
NATIONAL RETAIL PROPERTIES I	COM	637417106	3,995	112,605	SH		SOLE		112,045	0	560
UNUM GROUP	COM	91529Y106	3,004	181,047	SH		SOLE		180,007	0	1,040
MGM GROWTH PPTYS LLC	CL A COM	55303A105	691	25,410	SH		SOLE		25,410	0	0
ALPS ETF TR	ALERIAN MLP	00162Q452	607	24,590	SH		SOLE		24,590	0	0
BIOLIFE SOLUTIONS INC	COM NEW	09062W204	164	10,000	SH		SOLE		10,000	0	0
VMWARE INC	CL A COM	928563402	805	5,196	SH		SOLE		5,196	0	0
GLAXOSMITHKLINE PLC	SPONSORED ADR	37733W105	1,462	35,847	SH		SOLE		35,847	0	0
CARMAX INC	COM	143130102	1,330	14,856	SH		SOLE		14,856	0	0
ALPHABET INC	CAP STK CL A	02079K305	564	398	SH		SOLE		398	0	0
DOMINION ENERGY INC	COM	25746U109	340	4,193	SH		SOLE		4,193	0	0
SHERWIN WILLIAMS CO	COM	824348106	952	1,648	SH		SOLE		1,648	0	0
SPDR S&P MIDCAP 400 ETF TR	UTSER1 S&PDCRP	78467Y107	1,626	5,011	SH		SOLE		5,011	0	0
SUMITOMO MITSUI FINL GROUP I	SPONSORED ADR	86562M209	1,738	309,227	SH		SOLE		309,227	0	0
KB FINL GROUP INC	SPONSORED ADR	48241A105	1,097	39,418	SH		SOLE		39,418	0	0
B & G FOODS INC NEW	COM	05508R106	5,699	233,747	SH		SOLE		232,666	0	1,080
HANESBRANDS INC	COM	410345102	544	48,223	SH		SOLE		48,223	0	0
WESTROCK CO	COM	96145D105	502	17,764	SH		SOLE		17,764	0	0
MERCK & CO. INC	COM	58933Y105	775	10,018	SH		SOLE		10,018	0	0
EVEREST RE GROUP LTD	COM	G3223R108	691	3,353	SH		SOLE		3,353	0	0
ACTIVISION BLIZZARD INC	COM	00507V109	201	2,648	SH		SOLE		2,648	0	0
FISERV INC	COM	337738108	1,756	17,990	SH		SOLE		17,990	0	0
VANGUARD WORLD FDS	INF TECH ETF	92204A702	279	1,000	SH		SOLE		1,000	0	0
AMAZON COM INC	COM	023135106	1,578	572	SH		SOLE		572	0	0
FREEPORT-MCMORAN INC	CL B	35671D857	923	79,794	SH		SOLE		79,794	0	0
AMERICAN EXPRESS CO	COM	025816109	1,208	12,694	SH		SOLE		12,694	0	0
MILESTONE SCIENTIFIC INC	COM NEW	59935P209	79	40,500	SH		SOLE		40,500	0	0
PROCTER AND GAMBLE CO	COM	742718109	1,132	9,468	SH		SOLE		9,468	0	0
DOW INC	COM	260557103	7,223	177,215	SH		SOLE		176,420	0	795
NAVIENT CORPORATION	COM	63938C108	4,289	610,124	SH		SOLE		607,209	0	2,915
VANGUARD WORLD FD	EXTENDED DUR	921910709	504	3,035	SH		SOLE		3,035	0	0
KRAFT HEINZ CO	COM	500754106	854	26,775	SH		SOLE		26,775	0	0
CROWN CASTLE INTL CORP NEW	COM	22822V101	372	2,225	SH		SOLE		2,225	0	0
ZIMMER BIOMET HOLDINGS INC	COM	98956P102	913	7,650	SH		SOLE		7,650	0	0
KIMBERLY CLARK CORP	COM	494368103	360	2,544	SH		SOLE		2,544	0	0
VANGUARD INDEX FDS	SMALL CP ETF	922908751	3,583	24,587	SH		SOLE		24,587	0	0
ARCH CAP GROUP LTD	ORD	G0450A105	215	7,500	SH		SOLE		7,500	0	0
QUALCOMM INC	COM	747525103	3,946	43,258	SH		SOLE		43,068	0	190
TERADYNE INC	COM	880770102	1,606	19,000	SH		SOLE		19,000	0	0
SPDR S&P 500 ETF TR	TR UNIT	78462F103	1,664	5,396	SH		SOLE		5,396	0	0
ORIX CORP	SPONSORED ADR	686330101	1,168	18,963	SH		SOLE		18,963	0	0
WILLIAMS COS INC	COM	969457100	971	51,064	SH		SOLE		51,064	0	0
NEXTERA ENERGY INC	COM	65339F101	389	1,618	SH		SOLE		1,163	0	455
NEXTERA ENERGY PARTNERS LP	COM UNIT PART IN	65341B106	497	9,700	SH		SOLE		9,700	0	0
UMPQUA HLDGS CORP	COM	904214103	4,258	400,154	SH		SOLE		398,234	0	1,920
VANGUARD INDEX FDS	MID CAP ETF	922908629	267	1,630	SH		SOLE		1,630	0	0
RYMAN HOSPITALITY PPTYS INC	COM	78377T107	478	13,812	SH		SOLE		13,536	0	276
CERNER CORP	COM	156782104	240	3,500	SH		SOLE		3,500	0	0
LOWES COS INC	COM	548661107	410	3,034	SH		SOLE		3,034	0	0
SEAGATE TECHNOLOGY PLC	SHS	G7945M107	4,581	94,639	SH		SOLE		94,194	0	445
ABBOTT LABS	COM	002824100	1,097	12,003	SH		SOLE		12,003	0	0
SHORE BANCSHARES INC	COM	825107105	535	48,203	SH		SOLE		48,203	0	0
GRUPO AEROPUERTO DEL PACIFIC	SPON ADR B	400506101	1,566	21,810	SH		SOLE		21,810	0	0
GANNETT CO INC	COM	36472T109	26	19,122	SH		SOLE		19,121	0	1
TOTAL S.A.	SPONSORED ADS	89151E109	1,704	44,310	SH		SOLE		44,310	0	0
NATIONAL STORAGE AFFILIATES	COM SHS BEN IN	637870106	431	15,025	SH		SOLE		15,025	0	0
AT&T INC	COM	00206R102	5,071	167,740	SH		SOLE		167,025	0	715
OKTA INC	CL A	679295105	250	1,250	SH		SOLE		1,250	0	0
LOCKHEED MARTIN CORP	COM	539830109	511	1,399	SH		SOLE		1,399	0	0
TEMPLETON GLOBAL INCOME FD	COM	880198106	148	27,500	SH		SOLE		27,500	0	0
LILLY ELI & CO	COM	532457108	772	4,700	SH		SOLE		4,700	0	0
XCEL ENERGY INC	COM	98389B100	283	4,531	SH		SOLE		4,531	0	0
DUNKIN BRANDS GROUP INC	COM	265504100	245	3,750	SH		SOLE		3,750	0	0
AMGEN INC	COM	031162100	1,134	4,806	SH		SOLE		4,806	0	0
H & E EQUIPMENT SERVICES INC	COM	404030108	2,732	147,838	SH		SOLE		147,098	0	740
INTEL CORP	COM	458140100	2,066	34,536	SH		SOLE		34,536	0	0
DIGITAL RLTY TR INC	COM	253868103	339	2,385	SH		SOLE		2,385	0	0
WALGREENS BOOTS ALLIANCE INC	COM	931427108	352	8,315	SH		SOLE		8,315	0	0
ROSS STORES INC	COM	778296103	891	10,455	SH		SOLE		10,455	0	0
HERCULES CAPITAL INC	COM	427096508	4,679	446,900	SH		SOLE		444,742	0	2,158
GENERAL ELECTRIC CO	COM	369604103	113	16,571	SH		SOLE		16,571	0	0
SELECT SECTOR SPDR TR	SBI CONS DISCR	81369Y407	230	1,800	SH		SOLE		1,800	0	0
SMTC CORP	COM NEW	832682207	48	15,977	SH		SOLE		15,977	0	0
GILEAD SCIENCES INC	COM	375558103	212	2,750	SH		SOLE		2,750	0	0
ABBVIE INC	COM	00287Y109	8,596	87,552	SH		SOLE		87,207	0	345
SEATTLE GENETICS INC	COM	812578102	234	1,375	SH		SOLE		1,375	0	0
XPO LOGISTICS INC	COM	983793100	1,043	13,500	SH		SOLE		13,500	0	0
AMERICAN ELEC PWR CO INC	COM	025537101	402	5,053	SH		SOLE		5,053	0	0
COMPASS DIVERSIFIED HOLDINGS	SH BEN INT	20451Q104	4,933	286,118	SH		SOLE		284,836	0	1,282
SEMPRA ENERGY	COM	816851109	446	3,804	SH		SOLE		3,804	0	0
SIX FLAGS ENTMT CORP NEW	COM	83001A102	267	13,916	SH		SOLE		13,916	0	0
ENERGY TRANSFER LP	COM UT LTD PTN	29273V100	3,214	451,368	SH		SOLE		448,518	0	2,850
HOME DEPOT INC	COM	437076102	2,219	8,857	SH		SOLE		8,857	0	0
NATIONAL GRID PLC	SPONSORED ADR NE	636274409	885	14,572	SH		SOLE		14,572	0	0
PREFERRED APT CMNTYS INC	COM	74039L103	228	30,000	SH		SOLE		30,000	0	0
UNITED PARCEL SERVICE INC	CL B	911312106	356	3,200	SH		SOLE		3,200	0	0
PFIZER INC	COM	717081103	3,733	114,162	SH		SOLE		113,627	0	535
EXXON MOBIL CORP	COM	30231G102	344	7,694	SH		SOLE		7,694	0	0
AMERICAN WTR WKS CO INC NEW	COM	030420103	857	6,660	SH		SOLE		6,660	0	0
LIFE STORAGE INC	COM	53223X107	290	3,050	SH		SOLE		3,050	0	0
ISHARES TR	MSCI EAFE ETF	464287465	697	11,457	SH		SOLE		11,457	0	0
BRISTOL-MYERS SQUIBB CO	COM	110122108	2,102	35,749	SH		SOLE		35,749	0	0
VANGUARD INTL EQUITY INDEX F	ALLWRLD EX US	922042775	712	14,952	SH		SOLE		14,952	0	0
NORTHROP GRUMMAN CORP	COM	666807102	1,272	4,138	SH		SOLE		4,138	0	0
COVANTA HLDG CORP	COM	22282E102	696	72,575	SH		SOLE		72,575	0	0
VERIZON COMMUNICATIONS INC	COM	92343V104	5,580	101,207	SH		SOLE		100,849	0	359
CONSTELLATION BRANDS INC	CL A	21036P108	219	1,250	SH		SOLE		1,250	0	0
CHINA MOBILE LIMITED	SPONSORED ADR	16941M109	802	23,834	SH		SOLE		23,834	0	0
CLEARWAY ENERGY INC	CL C	18539C204	216	9,375	SH		SOLE		9,375	0	0
DUKE ENERGY CORP NEW	COM NEW	26441C204	3,120	39,049	SH		SOLE		38,819	0	230
SELECT SECTOR SPDR TR	SBI INT-INDS	81369Y704	330	4,800	SH		SOLE		4,800	0	0
SABRA HEALTH CARE REIT INC	COM	78573L106	4,352	301,624	SH		SOLE		300,222	0	1,403
NIKE INC	CL B	654106103	346	3,525	SH		SOLE		3,525	0	0
DANAHER CORPORATION	COM	235851102	215	1,215	SH		SOLE		1,215	0	0
JOHNSON & JOHNSON	COM	478160104	1,000	7,113	SH		SOLE		7,113	0	0
BROADCOM INC	COM	11135F101	445	1,411	SH		SOLE		1,411	0	0
LABORATORY CORP AMER HLDGS	COM NEW	50540R409	249	1,500	SH		SOLE		1,500	0	0
TELADOC HEALTH INC	COM	87918A105	239	1,250	SH		SOLE		1,250	0	0
BRIXMOR PPTY GROUP INC	COM	11120U105	541	42,225	SH		SOLE		42,225	0	0
ONEOK INC NEW	COM	682680103	1,227	36,949	SH		SOLE		36,949	0	0
MATERION CORP	COM	576690101	764	12,432	SH		SOLE		12,432	0	0
ALPHABET INC	CAP STK CL C	02079K107	718	508	SH		SOLE		508	0	0
MCDONALDS CORP	COM	580135101	228	1,238	SH		SOLE		1,238	0	0
CHEVRON CORP NEW	COM	166764100	2,758	30,907	SH		SOLE		30,720	0	187
APTIV PLC	SHS	G6095L109	989	12,698	SH		SOLE		12,698	0	0
PEPSICO INC	COM	713448108	790	5,973	SH		SOLE		5,973	0	0
ROYAL DUTCH SHELL PLC	SPON ADR B	780259107	930	30,555	SH		SOLE		30,555	0	0
MCCORMICK & CO INC	COM NON VTG	579780206	14,712	82,001	SH		SOLE		82,001	0	0
MSA SAFETY INC	COM	553498106	332	2,900	SH		SOLE		2,900	0	0
CENTURYLINK INC	COM	156700106	5,068	505,281	SH		SOLE		503,046	0	2,235
BLACKSTONE GROUP INC	COM CL A	09260D107	246	4,350	SH		SOLE		4,350	0	0
VANECK VECTORS ETF TR	PFD SECS EX FINL	92189F429	5,922	261,080	SH		SOLE		259,090	0	1,990
AUTOMATIC DATA PROCESSING IN	COM	053015103	246	1,650	SH		SOLE		1,650	0	0
SANDY SPRING BANCORP INC	COM	800363103	460	18,567	SH		SOLE		18,567	0	0
COCA COLA CO	COM	191216100	277	6,195	SH		SOLE		6,195	0	0
RIO TINTO PLC	SPONSORED ADR	767204100	2,378	42,329	SH		SOLE		42,329	0	0
ISHARES TR	RUS MID CAP ETF	464287499	2,096	39,107	SH		SOLE		39,107	0	0
ENTERPRISE PRODS PARTNERS L	COM	293792107	3,661	201,493	SH		SOLE		200,276	0	1,217
IRON MTN INC NEW	COM	46284V101	4,553	174,433	SH		SOLE		173,609	0	824
VERTEX PHARMACEUTICALS INC	COM	92532F100	203	700	SH		SOLE		700	0	0
MAGELLAN MIDSTREAM PRTNRS LP	COM UNIT RP LP	559080106	3,537	81,943	SH		SOLE		81,450	0	493
PPL CORP	COM	69351T106	2,731	105,692	SH		SOLE		105,227	0	465
WESTERN ASSET HIGH YIELD DEF	COM	95768B107	435	31,125	SH		SOLE		31,125	0	0
TANGER FACTORY OUTLET CTRS I	COM	875465106	125	17,525	SH		SOLE		17,525	0	0
INTERNATIONAL BUSINESS MACHS	COM	459200101	5,252	43,491	SH		SOLE		43,296	0	195
TAIWAN SEMICONDUCTOR MFG LTD	SPONSORED ADS	874039100	2,385	42,020	SH		SOLE		42,020	0	0
SELECT SECTOR SPDR TR	SBI HEALTHCARE	81369Y209	442	4,415	SH		SOLE		4,415	0	0
LAZARD LTD	SHS A	G54050102	813	28,385	SH		SOLE		28,385	0	0
UNITED RENTALS INC	COM	911363109	1,578	10,587	SH		SOLE		10,587	0	0
HANNON ARMSTRONG SUST INFR C	COM	41068X100	5,127	180,150	SH		SOLE		179,358	0	792
JPMORGAN CHASE & CO	COM	46625H100	384	4,087	SH		SOLE		4,087	0	0