Gilman Hill Asset Management, LLC
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed October 15, 2025), Gilman Hill Asset Management, LLC reported 231 stock positions worth $638.7 million. Its top holding was Verizon Communications (VZ) at 1.9% of the portfolio, followed by Realty Income (O, 1.8%) and Sabra Health Care REIT (SBRA, 1.8%). Compared with Q2 2025, it opened 13 new positions, sold out of 14, added to 95 and reduced 66. The biggest buy was a new position in Kimberly-Clark (KMB) and the biggest sale an exit from Easterly Government Properti (DEA).
- Most Recent 13F
- Q2 2026
- Location
- NEW CANAAN, CT
- CIK
- 0001551969
- Portfolio Value
- $638.7M (Q3 2025)
- SEC Filing
- 0001551969-25-000002 ↗ filed Oct 15, 2025
Holdings Value
Holdings 231 stocks · $638.7M
| VZ Verizon Communications Inc. | 1.86% | 270,880 | $11.9M | Reduce -3.2% |
| O Realty Income Corp. | 1.82% | 191,456 | $11.6M | Add +0.1% |
| SBRA Sabra Health Care REIT Inc. | 1.77% | 605,233 | $11.3M | Reduce -1.4% |
| SWK Stanley Black & Decker Inc. | 1.75% | 150,129 | $11.2M | Add +4.0% |
| HTGC Hercules Capital Inc. | 1.73% | 584,051 | $11.0M | Add +2.4% |
| TSLX Sixth Street Specialty Lendi | 1.70% | 474,321 | $10.8M | Add +1.9% |
| BMY Bristol-Myers Squibb Co. | 1.69% | 238,746 | $10.8M | Add +3.0% |
| KNTK Kinetik Holdings Inc. | 1.66% | 247,618 | $10.6M | Add +1.5% |
| PFE Pfizer Inc. | 1.64% | 410,188 | $10.5M | Add +2.0% |
| D Dominion Energy Inc. | 1.62% | 169,108 | $10.3M | Reduce -2.2% |
| LAMR Lamar Advertising Co. Class A | 1.57% | 82,005 | $10.0M | Reduce -9.0% |
| CWEN.A Clearway Energy Inc. Class A | 1.56% | 369,134 | $9.9M | Reduce -0.4% |
| KMB Kimberly-Clark Corp. | 1.55% | 79,790 | $9.9M | New |
| RHP Ryman Hospitality Properties | 1.55% | 110,193 | $9.9M | Add +5.4% |
| FLNG Flex LNG Ltd. | 1.50% | 381,427 | $9.6M | Add +21.4% |
| PSTL Postal Realty Trust Inc. Class A | 1.46% | 595,856 | $9.3M | Reduce -0.3% |
| NEE Nextera Energy Inc. | 1.41% | 118,996 | $9.0M | Add +1048.0% |
| VICI Vici Properties Inc. filed as VICI PPTYS INC | 1.39% | 273,087 | $8.9M | Add +3.2% |
| VB Vanguard Most SM-Cap ETF-Usd | 1.32% | 33,129 | $8.4M | Reduce -2.3% |
| CAG Conagra Brands Inc. | 1.32% | 458,919 | $8.4M | Add +21.7% |
| DVN Devon Energy Corp. | 1.30% | 237,271 | $8.3M | Reduce -2.0% |
| COLB Columbia Banking System Inc. | 1.30% | 322,787 | $8.3M | Add +12.3% |
| LYB Lyondellbasell Indu Class A | 1.29% | 167,770 | $8.2M | Add +0.3% |
| AMBP Ardagh Metal Packaging SA | 1.26% | 2,014,500 | $8.0M | Add +0.9% |
| MRP Millrose Properties | 1.24% | 235,475 | $7.9M | New |
| UPS United Parcel Service Class B | 1.19% | 90,903 | $7.6M | Add +2.2% |
| MSFT Microsoft Corp. | 1.15% | 14,235 | $7.4M | Reduce -0.7% |
| UBER Uber Technologies Inc. | 1.11% | 72,315 | $7.1M | Add +0.0% |
| ENB Enbridge Inc. | 1.10% | 139,016 | $7.0M | Add +0.5% |
| MPLX MPLX LP | 1.10% | 140,321 | $7.0M | Add +11.7% |
| VTR Ventas Inc. | 1.09% | 99,855 | $7.0M | Add +3.9% |
| META Meta Platforms Inc. Class A | 1.09% | 9,475 | $7.0M | Reduce -3.3% |
| SCHW Schwab (charles) Corp. | 1.07% | 71,309 | $6.8M | Add +2.6% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 1.06% | 23,028 | $6.8M | Reduce -14.1% |
| CSCO Cisco Systems Inc. | 1.04% | 97,438 | $6.7M | Add +2.8% |
| APTV Aptiv PLC | 1.04% | 77,237 | $6.7M | Add +2.0% |
| ETD Ethan Allen Interiors Inc. | 1.02% | 221,649 | $6.5M | Reduce -0.5% |
| ET Energy Transfer LP | 1.01% | 374,470 | $6.4M | Add +0.6% |
| EPD Enterprise Products Partners | 1.01% | 205,393 | $6.4M | Add +1.3% |
| WHR Whirlpool Corp. | 1.00% | 81,188 | $6.4M | Reduce -1.7% |
| DOCU Docusign Inc. | 0.97% | 85,812 | $6.2M | Add +1.7% |
| WU Western Union Co. | 0.97% | 772,454 | $6.2M | Add +0.1% |
| FISV Fiserv Inc. | 0.96% | 47,761 | $6.2M | Add +43.0% |
| KMI Kinder Morgan Inc. | 0.94% | 211,534 | $6.0M | Add +0.2% |
| AAPL Apple Inc. | 0.92% | 23,136 | $5.9M | Add +12.7% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.91% | 50,949 | $5.8M | Add +4.1% |
| FCX Freeport-McMoran Inc. | 0.91% | 148,304 | $5.8M | Add +5.9% |
| WMB Williams Cos Inc. | 0.89% | 89,689 | $5.7M | Reduce -6.7% |
| KB KB Financial Group Inc.-ADR filed as KB FINL GROUP INC | 0.88% | 67,983 | $5.6M | Reduce -1.9% |
| HMC Honda Motor Co. Ltd.-Spons ADR | 0.88% | 182,578 | $5.6M | Add +2.1% |
| SYY Sysco Corp. | 0.87% | 67,161 | $5.5M | Add +1.3% |
| AXP American Express Co. | 0.86% | 16,602 | $5.5M | Add +1.9% |
| PAGP Plains GP Holdings LP | 0.86% | 300,441 | $5.5M | Add +6.9% |
| GXO Gxo Logistics Inc. | 0.84% | 100,900 | $5.3M | Add +1.4% |
| GSK GSK PLC-Spon ADR | 0.83% | 123,308 | $5.3M | Add +3.7% |
| XPO Xpo Inc. | 0.83% | 41,110 | $5.3M | Add +4.5% |
| TRIP Tripadvisor Inc. | 0.83% | 325,470 | $5.3M | Add +3.0% |
| IX Orix - Sponsored ADR filed as ORIX CORP | 0.81% | 196,944 | $5.1M | Add +0.1% |
| NVDA Nvidia Corp. | 0.80% | 27,304 | $5.1M | Add +2.7% |
| MAR Marriott International Class A | 0.78% | 19,014 | $5.0M | Add +2.2% |
| TTE Totalenergies SE -Spon ADR | 0.74% | 79,259 | $4.7M | Reduce -4.8% |
| NGG National Grid PLC-SP ADR | 0.74% | 64,868 | $4.7M | Add +1.9% |
| RIO Rio Tinto PLC-Spon ADR | 0.73% | 70,702 | $4.7M | Reduce -0.8% |
| URI United Rentals Inc. | 0.71% | 4,764 | $4.5M | Reduce -22.8% |
| UL Unilever PLC | 0.69% | 74,617 | $4.4M | Add +0.9% |
| SHEL Shell PLC-ADR | 0.67% | 59,793 | $4.3M | Add +0.9% |
| MTRN Materion Corp. | 0.66% | 34,903 | $4.2M | Add +1.6% |
| CCI Crown Castle Inc. | 0.64% | 42,675 | $4.1M | Reduce -16.8% |
| MDT Medtronic PLC | 0.64% | 43,203 | $4.1M | Add +0.6% |
| NOC Northrop Grumman Corp. | 0.59% | 6,196 | $3.8M | Reduce -0.3% |
| SMFG Sumitomo Mitsui-Spons ADR | 0.58% | 222,464 | $3.7M | Reduce -1.7% |
| VOE Vngrd Mrngstr MD-Cap Val ETF | 0.58% | 21,233 | $3.7M | No change |
| TER Teradyne Inc. | 0.56% | 26,188 | $3.6M | Add +2.1% |
| GOOG Alphabet Inc. Class C | 0.55% | 14,446 | $3.5M | Add +2.5% |
| TMO Thermo Fisher Scientific Inc. | 0.54% | 7,106 | $3.4M | Add +2.6% |
| CARR Carrier Global Corp. | 0.52% | 55,999 | $3.3M | Add +3.6% |
| ABBV Abbvie Inc. | 0.50% | 13,848 | $3.2M | Add +4.4% |
| REGN Regeneron Pharmaceuticals | 0.49% | 5,521 | $3.1M | Add +2.0% |
| ZBH Zimmer Biomet Holdings Inc. | 0.49% | 31,488 | $3.1M | Add +3.6% |
| IWR iShares Russell Mid-Cap ETF | 0.45% | 29,709 | $2.9M | No change |
| JNJ Johnson & Johnson | 0.44% | 15,270 | $2.8M | Reduce -0.1% |
| MDY State Street SPDR S&P Midcap | 0.42% | 4,548 | $2.7M | Reduce -10.0% |
| EG Everest Group Ltd. | 0.41% | 7,534 | $2.6M | Add +2.9% |
| AIN Albany Intl Corp. Class A | 0.39% | 46,897 | $2.5M | Add +3.8% |
| VEU Vanguard Ftse All-World Ex-U | 0.38% | 33,920 | $2.4M | Add +6.9% |
| AMZN Amazon.com Inc. | 0.36% | 10,569 | $2.3M | Add +2.8% |
| WPP WPP PLC-Sponsored ADR | 0.35% | 89,643 | $2.2M | Reduce -2.2% |
| PAA Plains All Amer Pipeline LP | 0.34% | 127,325 | $2.2M | Add +31.2% |
| GLP Global Partners LP | 0.33% | 43,592 | $2.1M | Add +20.1% |
| GOOGL Alphabet Inc. Class A | 0.32% | 8,530 | $2.1M | Reduce -1.9% |
| XOM Exxon Mobil Corp. | 0.32% | 18,136 | $2.0M | Add +33.3% |
| JPM JPMorgan Chase & Co. | 0.32% | 6,442 | $2.0M | Reduce -0.3% |
| SUN Sunoco LP | 0.29% | 37,629 | $1.9M | Add +63.5% |
| VWO Vanguard Ftse Emerging Marke | 0.28% | 32,426 | $1.8M | Reduce -15.8% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.27% | 2,572 | $1.7M | Add +1.0% |
| KMX Carmax Inc. | 0.26% | 37,643 | $1.7M | Add +6.3% |
| WLKP Westlake Chemical Partners L | 0.25% | 77,442 | $1.6M | Add +104.2% |
| MSTR Strategy Inc. | 0.25% | 4,978 | $1.6M | Add +3.6% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.25% | 31,057 | $1.6M | Reduce -8.0% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.24% | 5,461 | $1.5M | Add +2.0% |
Portfolio Sells Q2 2025 → Q3 2025
| DEA Easterly Government Properti | Sold out | 0.00% | −1.48 |
| SBLK Star Bulk Carriers Corp. | Sold out | 0.00% | −1.10 |
| WHR Whirlpool Corp. | Reduce -1.7% | 1.00% | −0.37 |
| OGN Organon & Co. | Reduce -87.3% | 0.04% | −0.28 |
| CWEN.A Clearway Energy Inc. Class A | Reduce -0.4% | 1.56% | −0.28 |
| CCI Crown Castle Inc. | Reduce -16.8% | 0.64% | −0.22 |
| LAMR Lamar Advertising Co. Class A | Reduce -9.0% | 1.57% | −0.22 |
| WPP WPP PLC-Sponsored ADR | Reduce -2.2% | 0.35% | −0.17 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Reduce -14.1% | 1.06% | −0.17 |
| PKX Posco Holdings Inc. -Spon ADR | Sold out | 0.00% | −0.17 |
| SPSM SS SPDR P S&P 600 Small Cap | Sold out | 0.00% | −0.17 |
| VZ Verizon Communications Inc. | Reduce -3.2% | 1.86% | −0.12 |
| WMB Williams Cos Inc. | Reduce -6.7% | 0.89% | −0.10 |
| TTE Totalenergies SE -Spon ADR | Reduce -4.8% | 0.74% | −0.09 |
| META Meta Platforms Inc. Class A | Reduce -3.3% | 1.09% | −0.09 |
| AON Aon PLC Class A | Sold out | 0.00% | −0.09 |
| SBRA Sabra Health Care REIT Inc. | Reduce -1.4% | 1.77% | −0.08 |
| VOO Vanguard S&P 500 ETF | Reduce -51.0% | 0.07% | −0.07 |
| FSLR First Solar Inc. | Sold out | 0.00% | −0.06 |
| VEA Vanguard Ftse Developed ETF | Sold out | 0.00% | −0.06 |
| KB KB Financial Group Inc.-ADR | Reduce -1.9% | 0.88% | −0.05 |
| URI United Rentals Inc. | Reduce -22.8% | 0.71% | −0.05 |
| MDY State Street SPDR S&P Midcap | Reduce -10.0% | 0.42% | −0.04 |
| EDV Vanguard Extended Dur Treas | Sold out | 0.00% | −0.04 |
| ACN Accenture PLC Class A | Sold out | 0.00% | −0.04 |
| IJR iShares Core S&P Small-Cap E | Reduce -30.8% | 0.09% | −0.04 |
| CL Colgate-Palmolive Co. | Sold out | 0.00% | −0.04 |
| HON Honeywell International Inc. | Sold out | 0.00% | −0.04 |
| VWO Vanguard Ftse Emerging Marke | Reduce -15.8% | 0.28% | −0.04 |
| DGRW Wisdomtree U.S. Quality Divi | Sold out | 0.00% | −0.04 |
| INTU Intuit Inc. | Sold out | 0.00% | −0.03 |
| PG The Procter & Gamble Co. | Reduce -5.6% | 0.21% | −0.03 |
| TLT iShares 20+ Year Treasury BD | Reduce -33.3% | 0.06% | −0.03 |
| DE Deere & Co. | Reduce -0.1% | 0.16% | −0.03 |
| AMH American Homes 4 Rent- A | Reduce -7.1% | 0.10% | −0.02 |
| DLR Digital Realty Trust Inc. | Reduce -6.7% | 0.16% | −0.02 |
| ADC Agree Realty Corp. | Reduce -7.4% | 0.12% | −0.02 |
| GBTC Grayscale Bitcoin Trust ETF | Reduce -33.6% | 0.04% | −0.02 |
| MAA Mid-America Apartment Comm | Reduce -5.1% | 0.11% | −0.02 |
| AWK American Water Works Co. Inc. | Reduce -16.5% | 0.07% | −0.02 |
| LLY Eli Lilly & Co. | Reduce -1.0% | 0.19% | −0.01 |
| BGS B&G Foods Inc. | Sold out | 0.00% | −0.01 |
| KO The Coca-Cola Co. | Reduce -2.4% | 0.10% | −0.01 |
| RSP Invesco S&P 500 Equal Weight | Reduce -9.6% | 0.13% | −0.01 |
| MSFT Microsoft Corp. | Reduce -0.7% | 1.15% | −0.01 |
| BAC Bank of America Corp. | Reduce -8.0% | 0.25% | −0.01 |
| AMT American Tower Corp. | Reduce -0.4% | 0.05% | −0.01 |
| OKE Oneok Inc. | Reduce -6.5% | 0.03% | −0.01 |
| NRG NRG Energy Inc. | Reduce -11.0% | 0.04% | −0.01 |
| APO Apollo Global Management Inc. | Reduce -3.8% | 0.04% | −0.01 |
Portfolio Buys Q2 2025 → Q3 2025
| KMB Kimberly-Clark Corp. | New | 1.55% | +1.55 |
| NEE Nextera Energy Inc. | Add +1048.0% | 1.41% | +1.29 |
| MRP Millrose Properties | New | 1.24% | +1.24 |
| FLNG Flex LNG Ltd. | Add +21.4% | 1.50% | +0.38 |
| AAPL Apple Inc. | Add +12.7% | 0.92% | +0.23 |
| MTRN Materion Corp. | Add +1.6% | 0.66% | +0.21 |
| COLB Columbia Banking System Inc. | Add +12.3% | 1.30% | +0.20 |
| APTV Aptiv PLC | Add +2.0% | 1.04% | +0.20 |
| TER Teradyne Inc. | Add +2.1% | 0.56% | +0.19 |
| TRIP Tripadvisor Inc. | Add +3.0% | 0.83% | +0.15 |
| SWK Stanley Black & Decker Inc. | Add +4.0% | 1.75% | +0.15 |
| GOOG Alphabet Inc. Class C | Add +2.5% | 0.55% | +0.14 |
| WLKP Westlake Chemical Partners L | Add +104.2% | 0.25% | +0.12 |
| NVDA Nvidia Corp. | Add +2.7% | 0.80% | +0.11 |
| HESM Hess Midstream LP Class A | New | 0.11% | +0.11 |
| VTR Ventas Inc. | Add +3.9% | 1.09% | +0.10 |
| ABBV Abbvie Inc. | Add +4.4% | 0.50% | +0.10 |
| SUN Sunoco LP | Add +63.5% | 0.29% | +0.09 |
| GSK GSK PLC-Spon ADR | Add +3.7% | 0.83% | +0.09 |
| IX Orix - Sponsored ADR | Add +0.1% | 0.81% | +0.08 |
| TMO Thermo Fisher Scientific Inc. | Add +2.6% | 0.54% | +0.08 |
| XOM Exxon Mobil Corp. | Add +33.3% | 0.32% | +0.08 |
| ENB Enbridge Inc. | Add +0.5% | 1.10% | +0.08 |
| IDXX Idexx Laboratories Inc. | New | 0.06% | +0.06 |
| CAG Conagra Brands Inc. | Add +21.7% | 1.32% | +0.05 |
| PAA Plains All Amer Pipeline LP | Add +31.2% | 0.34% | +0.05 |
| SYY Sysco Corp. | Add +1.3% | 0.87% | +0.05 |
| PFE Pfizer Inc. | Add +2.0% | 1.64% | +0.04 |
| GXO Gxo Logistics Inc. | Add +1.4% | 0.84% | +0.04 |
| MPLX MPLX LP | Add +11.7% | 1.10% | +0.04 |
| HMC Honda Motor Co. Ltd.-Spons ADR | Add +2.1% | 0.88% | +0.04 |
| XEL Xcel Energy Inc. | New | 0.03% | +0.03 |
| AMAT Applied Materials Inc. | New | 0.03% | +0.03 |
| GDX Vaneck Gold Miners ETF | New | 0.03% | +0.03 |
| ZBH Zimmer Biomet Holdings Inc. | Add +3.6% | 0.49% | +0.03 |
| MDT Medtronic PLC | Add +0.6% | 0.64% | +0.03 |
| VBK Van Morst SML-Cap Gro-Usd Inc. | New | 0.03% | +0.03 |
| IWF iShares Russell 1000 Growth | New | 0.03% | +0.03 |
| BX Blackstone Inc. | Add +11.7% | 0.17% | +0.03 |
| VEU Vanguard Ftse All-World Ex-U | Add +6.9% | 0.38% | +0.03 |
| SCHW Schwab (charles) Corp. | Add +2.6% | 1.07% | +0.03 |
| LAND Gladstone Land Corp. | New | 0.03% | +0.03 |
| KIO KKR Income Opportunities | New | 0.03% | +0.03 |
| HTGC Hercules Capital Inc. | Add +2.4% | 1.73% | +0.03 |
| MCD McDonald's Corp. | Add +53.6% | 0.07% | +0.02 |
| FISV Fiserv Inc. | Add +43.0% | 0.96% | +0.02 |
| BHK BlackRock Core Bond Trust | New | 0.02% | +0.02 |
| REGN Regeneron Pharmaceuticals | Add +2.0% | 0.49% | +0.02 |
| O Realty Income Corp. | Add +0.1% | 1.82% | +0.02 |
| XPO Xpo Inc. | Add +4.5% | 0.83% | +0.02 |
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 |