Gilman Hill Asset Management, LLC
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed April 10, 2025), Gilman Hill Asset Management, LLC reported 219 stock positions worth $575.7 million. Its top holding was Verizon Communications (VZ) at 2.4% of the portfolio, followed by Bristol-Myers Squibb (BMY, 2.3%) and Kinetik (KNTK, 2.1%). Compared with Q4 2024, it opened 11 new positions, sold out of 11, added to 84 and reduced 63. The biggest buy was Realty Income (O, shares +4164%) and the biggest sale iShares Select Dividend ETF (DVY, shares −99%).
- Most Recent 13F
- Q2 2026
- Location
- NEW CANAAN, CT
- CIK
- 0001551969
- Portfolio Value
- $575.7M (Q1 2025)
- SEC Filing
- 0001085146-25-002026 ↗ filed Apr 10, 2025
Holdings Value
Holdings 219 stocks · $575.7M
| VZ Verizon Communications Inc. | 2.41% | 305,521 | $13.9M | Add +1.5% |
| BMY Bristol-Myers Squibb Co. | 2.34% | 221,311 | $13.5M | Add +1.4% |
| KNTK Kinetik Holdings Inc. | 2.13% | 235,724 | $12.2M | Add +1.1% |
| HTGC Hercules Capital Inc. | 1.90% | 568,673 | $10.9M | Reduce -1.5% |
| O Realty Income Corp. | 1.84% | 182,984 | $10.6M | Add +4164.4% |
| SBRA Sabra Health Care REIT Inc. | 1.83% | 602,798 | $10.5M | Reduce -0.1% |
| CWEN.A Clearway Energy Inc. Class A | 1.82% | 368,802 | $10.5M | Add +0.9% |
| DEA Easterly Govt Pptys Inc. | 1.81% | 980,454 | $10.4M | Add +42.1% |
| LAMR Lamar Advertising Co. Class A | 1.78% | 90,077 | $10.2M | Add +0.5% |
| PFE Pfizer Inc. | 1.75% | 398,416 | $10.1M | Add +20.4% |
| TSLX Sixth Street Specialty Lendi | 1.74% | 446,976 | $10.0M | Add +382.4% |
| OGN Organon & Co. | 1.67% | 646,912 | $9.6M | Add +2.9% |
| D Dominion Energy Inc. | 1.66% | 170,633 | $9.6M | Add +0.2% |
| CAG Conagra Brands Inc. | 1.65% | 356,919 | $9.5M | Add +1.7% |
| CCI Crown Castle Inc. | 1.56% | 85,921 | $9.0M | Add +139.0% |
| DVN Devon Energy Corp. | 1.53% | 235,712 | $8.8M | Add +58.7% |
| UPS United Parcel Service Class B | 1.52% | 79,591 | $8.8M | Add +47.8% |
| SWK Stanley Black & Decker Inc. | 1.45% | 108,436 | $8.3M | Reduce -0.1% |
| PSTL Postal Realty Trust Inc. Class A | 1.44% | 581,220 | $8.3M | Add +6.5% |
| DOW Dow Inc. | 1.44% | 237,642 | $8.3M | Add +36.9% |
| WU Western Union Co. | 1.36% | 741,320 | $7.8M | Add +56.8% |
| FLNG Flex LNG Ltd. | 1.30% | 325,872 | $7.5M | Add +45.2% |
| WHR Whirlpool Corp. | 1.27% | 81,321 | $7.3M | Add +5.5% |
| VB Vanguard Most SM-Cap ETF-Usd | 1.23% | 32,000 | $7.1M | Add +4.4% |
| CODI Compass Diversified Holdings | 1.23% | 378,284 | $7.1M | Add +1.0% |
| FISV Fiserv Inc. | 1.22% | 31,728 | $7.0M | Reduce -9.6% |
| ET Energy Transfer LP | 1.21% | 375,666 | $7.0M | Reduce -1.6% |
| EPD Enterprise Products Partners | 1.21% | 204,298 | $7.0M | Reduce -1.4% |
| COLB Columbia Banking System Inc. | 1.20% | 276,574 | $6.9M | Add +0.8% |
| DOCU Docusign Inc. | 1.19% | 84,326 | $6.9M | Add +4.8% |
| VTR Ventas Inc. | 1.15% | 96,296 | $6.6M | Add +0.5% |
| MPLX MPLX LP | 1.14% | 122,697 | $6.6M | Reduce -0.8% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 1.11% | 24,702 | $6.4M | Add +7.5% |
| SBLK Star Bulk Carriers Corp. | 1.05% | 390,293 | $6.1M | Add +22.3% |
| PAGP Plains GP Holdings LP | 1.05% | 282,974 | $6.0M | New |
| AMBP Ardagh Metal Packaging SA | 1.03% | 1,967,087 | $5.9M | Add +10.3% |
| ENB Enbridge Inc. | 1.00% | 130,052 | $5.8M | Add +2118.2% |
| KMI Kinder Morgan Inc. | 0.99% | 199,570 | $5.7M | Reduce -17.7% |
| WMB Williams Cos Inc. | 0.98% | 94,500 | $5.6M | Reduce -5.9% |
| SCHW Schwab (charles) Corp. | 0.94% | 69,153 | $5.4M | Add +3.2% |
| MSFT Microsoft Corp. | 0.92% | 14,081 | $5.3M | Reduce -1.0% |
| META Meta Platforms Inc. Class A | 0.91% | 9,124 | $5.3M | Reduce -1.2% |
| UBER Uber Technologies Inc. | 0.91% | 71,944 | $5.2M | Add +1.0% |
| FCX Freeport-McMoran Inc. | 0.91% | 138,310 | $5.2M | Add +2.1% |
| CSCO Cisco Systems Inc. | 0.91% | 84,554 | $5.2M | Reduce -0.1% |
| TTE Totalenergies SE -Spon ADR | 0.90% | 80,136 | $5.2M | Add +20.2% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.85% | 49,490 | $4.9M | Add +45.9% |
| SYY Sysco Corp. | 0.84% | 64,759 | $4.9M | Add +20.6% |
| HMC Honda Motor Co. Ltd.-Spons ADR | 0.83% | 176,950 | $4.8M | Add +5.9% |
| TRIP Tripadvisor Inc. | 0.77% | 311,910 | $4.4M | Add +26.8% |
| UL Unilever PLC | 0.76% | 73,642 | $4.4M | Add +2.3% |
| MAR Marriott International Class A | 0.76% | 18,369 | $4.4M | Add +4.9% |
| APTV Aptiv PLC | 0.76% | 73,520 | $4.4M | Add +60.3% |
| AXP American Express Co. | 0.76% | 16,222 | $4.4M | Reduce -0.3% |
| SHEL Shell PLC-ADR | 0.75% | 59,178 | $4.3M | Add +4.1% |
| RIO Rio Tinto PLC-Spon ADR | 0.73% | 69,757 | $4.2M | Add +6.8% |
| XPO Xpo Inc. | 0.72% | 38,390 | $4.1M | Add +5.1% |
| IX Orix - Sponsored ADR filed as ORIX CORP | 0.71% | 195,964 | $4.1M | Add +7.1% |
| AAPL Apple Inc. | 0.67% | 17,379 | $3.9M | Reduce -2.5% |
| MDT Medtronic PLC | 0.67% | 42,702 | $3.8M | Add +1.9% |
| GXO Gxo Logistics Inc. | 0.67% | 98,168 | $3.8M | Add +13.6% |
| URI United Rentals Inc. | 0.65% | 6,011 | $3.8M | Add +3.3% |
| KB KB Financial Group Inc.-ADR filed as KB FINL GROUP INC | 0.65% | 69,298 | $3.7M | Add +3.2% |
| WPP WPP PLC-Sponsored ADR | 0.62% | 93,542 | $3.6M | Add +15.2% |
| SMFG Sumitomo Mitsui-Spons ADR | 0.60% | 222,094 | $3.4M | Add +6.5% |
| CARR Carrier Global Corp. | 0.59% | 53,670 | $3.4M | Add +2.1% |
| TMO Thermo Fisher Scientific Inc. | 0.59% | 6,803 | $3.4M | Add +0.7% |
| REGN Regeneron Pharmaceuticals | 0.58% | 5,303 | $3.4M | Add +1.9% |
| ZBH Zimmer Biomet Holdings Inc. | 0.57% | 29,120 | $3.3M | Add +3.9% |
| NOC Northrop Grumman Corp. | 0.56% | 6,303 | $3.2M | Reduce -0.6% |
| AIN Albany Intl Corp. Class A | 0.53% | 44,554 | $3.1M | Add +19.8% |
| ABBV Abbvie Inc. | 0.51% | 13,925 | $2.9M | Reduce -0.0% |
| NGG National Grid PLC-SP ADR | 0.50% | 43,918 | $2.9M | Add +15.3% |
| MTRN Materion Corp. | 0.48% | 33,707 | $2.8M | Add +0.1% |
| JNJ Johnson & Johnson | 0.47% | 16,424 | $2.7M | Reduce -6.9% |
| KMX Carmax Inc. | 0.47% | 34,778 | $2.7M | Add +7.5% |
| GSK GSK PLC-Spon ADR | 0.47% | 69,861 | $2.7M | Add +8.7% |
| IWR iShares Russell Mid-Cap ETF | 0.46% | 31,409 | $2.7M | Add +4.9% |
| NVDA Nvidia Corp. | 0.46% | 24,370 | $2.6M | Add +1.4% |
| EG Everest Group Ltd. | 0.44% | 7,003 | $2.5M | Add +1.4% |
| MDY State Street SPDR S&P Midcap | 0.42% | 4,548 | $2.4M | No change |
| GOOG Alphabet Inc. Class C | 0.37% | 13,615 | $2.1M | Reduce -2.9% |
| TER Teradyne Inc. | 0.36% | 24,967 | $2.1M | Add +4.3% |
| AMZN Amazon.com Inc. | 0.35% | 10,584 | $2.0M | Reduce -4.0% |
| VEU Vanguard Ftse All-World Ex-U | 0.34% | 32,040 | $1.9M | Add +5.1% |
| VWO Vanguard Ftse Emerging Marke | 0.30% | 38,794 | $1.8M | Reduce -0.5% |
| GLP Global Partners LP | 0.29% | 31,461 | $1.7M | No change |
| JPM JPMorgan Chase & Co. | 0.29% | 6,822 | $1.7M | Reduce -0.6% |
| PAA Plains All Amer Pipeline LP | 0.29% | 83,590 | $1.7M | Add +0.5% |
| PG The Procter & Gamble Co. | 0.27% | 9,274 | $1.6M | Reduce -0.2% |
| XOM Exxon Mobil Corp. | 0.26% | 12,396 | $1.5M | Reduce -1.4% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.24% | 2,520 | $1.4M | No change |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.24% | 33,588 | $1.4M | Add +0.2% |
| MSTR Strategy Inc. filed as MICROSTRATEGY INC | 0.24% | 4,805 | $1.4M | Add +60.0% |
| GOOGL Alphabet Inc. Class A | 0.24% | 8,930 | $1.4M | Reduce -5.4% |
| JBLU Jetblue Airways Corp. | 0.24% | 281,120 | $1.4M | Reduce -0.1% |
| LLY Eli Lilly & Co. | 0.23% | 1,614 | $1.3M | Reduce -5.5% |
| ABT Abbott Laboratories | 0.22% | 9,528 | $1.3M | No change |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.22% | 5,010 | $1.2M | Reduce -89.1% |
| VOE Vngrd Mrngstr MD-Cap Val ETF | 0.21% | 7,508 | $1.2M | Add +463.2% |
Portfolio Sells Q4 2024 → Q1 2025
| DVY iShares Select Dividend ETF | Reduce -98.5% | 0.06% | −3.63 |
| IBM Intl Business Machines Corp. | Reduce -89.1% | 0.22% | −1.55 |
| NNN NNN REIT Inc. | Sold out | 0.00% | −1.53 |
| OKE Oneok Inc. | Reduce -95.3% | 0.05% | −1.09 |
| AMT American Tower Corp. | Reduce -93.4% | 0.06% | −0.75 |
| SWKS Skyworks Solutions Inc. | Sold out | 0.00% | −0.53 |
| RSP Invesco S&P 500 Equal Weight | Reduce -73.2% | 0.14% | −0.40 |
| VNQ Vanguard Real Estate ETF | Sold out | 0.00% | −0.38 |
| EFA iShares MSCI Eafe ETF | Reduce -77.5% | 0.08% | −0.25 |
| KMI Kinder Morgan Inc. | Reduce -17.7% | 0.99% | −0.17 |
| JBLU Jetblue Airways Corp. | Reduce -0.1% | 0.24% | −0.15 |
| EFV iShares MSCI Eafe Value ETF | Reduce -72.2% | 0.07% | −0.14 |
| MSFT Microsoft Corp. | Reduce -1.0% | 0.92% | −0.13 |
| HTGC Hercules Capital Inc. | Reduce -1.5% | 1.90% | −0.12 |
| AAPL Apple Inc. | Reduce -2.5% | 0.67% | −0.11 |
| GOOG Alphabet Inc. Class C | Reduce -2.9% | 0.37% | −0.10 |
| ET Energy Transfer LP | Reduce -1.6% | 1.21% | −0.09 |
| AXP American Express Co. | Reduce -0.3% | 0.76% | −0.08 |
| AMZN Amazon.com Inc. | Reduce -4.0% | 0.35% | −0.07 |
| GOOGL Alphabet Inc. Class A | Reduce -5.4% | 0.24% | −0.07 |
| SWK Stanley Black & Decker Inc. | Reduce -0.1% | 1.45% | −0.07 |
| HYS PIMCO 0-5 Year H/Y Corp. Bond | Reduce -54.9% | 0.05% | −0.06 |
| AVGO Broadcom Inc. | Reduce -7.2% | 0.11% | −0.05 |
| FBTC Fidelity Wise Origin Bitcoin | Sold out | 0.00% | −0.05 |
| ETN Eaton Corp. PLC | Reduce -1.6% | 0.16% | −0.04 |
| FISV Fiserv Inc. | Reduce -9.6% | 1.22% | −0.04 |
| MMM 3M Co. | Sold out | 0.00% | −0.04 |
| ORCL Oracle Corp. | Sold out | 0.00% | −0.04 |
| KHC The Kraft Heinz Co. | Sold out | 0.00% | −0.04 |
| AMD Advanced Micro Devices | Sold out | 0.00% | −0.04 |
| HON Honeywell International Inc. | Sold out | 0.00% | −0.04 |
| CF CF Industries Holdings Inc. | Sold out | 0.00% | −0.04 |
| XBI SS SPDR S&P Biotech ETF | Sold out | 0.00% | −0.04 |
| SRE Sempra | Reduce -13.8% | 0.08% | −0.04 |
| META Meta Platforms Inc. Class A | Reduce -1.2% | 0.91% | −0.03 |
| FSLR First Solar Inc. | Reduce -1.4% | 0.06% | −0.03 |
| MRK Merck & Co. Inc. | Reduce -2.6% | 0.18% | −0.03 |
| ADBE Adobe Inc. | Reduce -11.5% | 0.05% | −0.02 |
| PEP Pepsico Inc. | Reduce -10.4% | 0.10% | −0.01 |
| LMT Lockheed Martin Corp. | Reduce -3.8% | 0.10% | −0.01 |
| IJR iShares Core S&P Small-Cap E | Reduce -1.8% | 0.10% | −0.01 |
| HD Home Depot Inc. | Reduce -0.4% | 0.18% | −0.01 |
| WMT Walmart Inc. | Reduce -3.1% | 0.18% | −0.01 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -19.1% | 0.18% | −0.01 |
| LOW Lowe's Cos Inc. | Reduce -1.3% | 0.11% | −0.01 |
| ACN Accenture PLC Class A | Reduce -3.2% | 0.04% | −0.01 |
| NEE Nextera Energy Inc. | Reduce -4.1% | 0.13% | −0.01 |
| SABA Saba Capital Income & Opp II | Reduce -14.3% | 0.02% | −0.00 |
| VBR Vngrd Mrngst SL-CP Val ETF-U | Reduce -1.7% | 0.05% | −0.00 |
| AES AES Corp. | Reduce -4.7% | 0.04% | −0.00 |
Portfolio Buys Q4 2024 → Q1 2025
| O Realty Income Corp. | Add +4164.4% | 1.84% | +1.80 |
| TSLX Sixth Street Specialty Lendi | Add +382.4% | 1.74% | +1.39 |
| PAGP Plains GP Holdings LP | New | 1.05% | +1.05 |
| CCI Crown Castle Inc. | Add +139.0% | 1.56% | +0.99 |
| ENB Enbridge Inc. | Add +2118.2% | 1.00% | +0.96 |
| DVN Devon Energy Corp. | Add +58.7% | 1.53% | +0.69 |
| WU Western Union Co. | Add +56.8% | 1.36% | +0.49 |
| DEA Easterly Govt Pptys Inc. | Add +42.1% | 1.81% | +0.44 |
| FLNG Flex LNG Ltd. | Add +45.2% | 1.30% | +0.40 |
| UPS United Parcel Service Class B | Add +47.8% | 1.52% | +0.34 |
| VZ Verizon Communications Inc. | Add +1.5% | 2.41% | +0.31 |
| APTV Aptiv PLC | Add +60.3% | 0.76% | +0.28 |
| TTE Totalenergies SE -Spon ADR | Add +20.2% | 0.90% | +0.27 |
| CWEN.A Clearway Energy Inc. Class A | Add +0.9% | 1.82% | +0.27 |
| DOW Dow Inc. | Add +36.9% | 1.44% | +0.23 |
| PFE Pfizer Inc. | Add +20.4% | 1.75% | +0.23 |
| SBLK Star Bulk Carriers Corp. | Add +22.3% | 1.05% | +0.22 |
| PSTL Postal Realty Trust Inc. Class A | Add +6.5% | 1.44% | +0.20 |
| BMY Bristol-Myers Squibb Co. | Add +1.4% | 2.34% | +0.20 |
| DIS The Walt Disney Co. | Add +45.9% | 0.85% | +0.19 |
| VOE Vngrd Mrngstr MD-Cap Val ETF | Add +463.2% | 0.21% | +0.17 |
| VTR Ventas Inc. | Add +0.5% | 1.15% | +0.17 |
| UBER Uber Technologies Inc. | Add +1.0% | 0.91% | +0.16 |
| TRIP Tripadvisor Inc. | Add +26.8% | 0.77% | +0.14 |
| SHEL Shell PLC-ADR | Add +4.1% | 0.75% | +0.13 |
| SYY Sysco Corp. | Add +20.6% | 0.84% | +0.13 |
| NGG National Grid PLC-SP ADR | Add +15.3% | 0.50% | +0.11 |
| AMBP Ardagh Metal Packaging SA | Add +10.3% | 1.03% | +0.10 |
| GSK GSK PLC-Spon ADR | Add +8.7% | 0.47% | +0.09 |
| MSTR Strategy Inc. | Add +60.0% | 0.24% | +0.09 |
| MDT Medtronic PLC | Add +1.9% | 0.67% | +0.08 |
| SCHW Schwab (charles) Corp. | Add +3.2% | 0.94% | +0.08 |
| ADC Agree Realty Corp. | Add +59.8% | 0.16% | +0.07 |
| SMFG Sumitomo Mitsui-Spons ADR | Add +6.5% | 0.60% | +0.07 |
| MAA Mid-America Apartment Comm | Add +61.3% | 0.16% | +0.07 |
| D Dominion Energy Inc. | Add +0.2% | 1.66% | +0.07 |
| PLD Prologis Inc. | Add +65.8% | 0.15% | +0.06 |
| RIO Rio Tinto PLC-Spon ADR | Add +6.8% | 0.73% | +0.06 |
| ZBH Zimmer Biomet Holdings Inc. | Add +3.9% | 0.57% | +0.06 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Add +7.5% | 1.11% | +0.05 |
| UL Unilever PLC | Add +2.3% | 0.76% | +0.05 |
| VST Vistra Corp. | New | 0.05% | +0.05 |
| EDV Vanguard Extended Dur Treas | New | 0.04% | +0.04 |
| VUG Vanguard Mrngstar GR ETF-Sui | New | 0.04% | +0.04 |
| PAA Plains All Amer Pipeline LP | Add +0.5% | 0.29% | +0.04 |
| AMGN Amgen Inc. | New | 0.04% | +0.04 |
| OGN Organon & Co. | Add +2.9% | 1.67% | +0.04 |
| GE General Electric | New | 0.04% | +0.04 |
| RTX RTX Corp. | New | 0.04% | +0.04 |
| BGS B&G Foods Inc. | New | 0.04% | +0.04 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 235 | $720.4M | SWK, RHP, BMY, O, LAMR |
| Q1 2026 | 225 | $662.5M | BMY, VZ, CWEN.A, KNTK, O |
| Q4 2025 | 226 | $634.7M | BMY, SBRA, VZ, CWEN.A, SWK |
| Q3 2025 | 231 | $638.7M | VZ, O, SBRA, SWK, HTGC |
| Q2 2025 | 232 | $611.9M | VZ, SBRA, CWEN.A, TSLX, O |
| Q1 2025 | 219 | $575.7M | VZ, BMY, KNTK, HTGC, O |
| Q4 2024 | 219 | $574.4M | DVY, KNTK, BMY, VZ, HTGC |
| Q3 2024 | 224 | $598.1M | IBM, VZ, OKE, LAMR, OGN |
| Q2 2024 | 213 | $552.5M | OGN, VZ, IBM, HTGC, OKE |
| Q1 2024 | 213 | $557.8M | IBM, VZ, OGN, OKE, PXD |