ASHFORD CAPITAL MANAGEMENT INC
Reported holdings as of Q2 2026, from 31 quarterly filings.
This filer last reported in Q2 2026; the most recent quarter on file across all filers is Q3 2026. Firms that restructure stop filing under one CIK and start under another, so a successor entity may hold these positions now under a similar name.
Holdings
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| Security | Ticker | Value | Shares | Weight | Weight change | Held | Change |
|---|---|---|---|---|---|---|---|
| LIGAND PHARMACEUTICALS INC | LGND | $53.8M | 170,236 | +0.65pp | 10q | -18.0%-$11.8M | |
| GLOBALSTAR INC | GSAT | $41.4M | 509,700 | -3.01pp | 6q | -43.8%-$32.3M | |
| RED VIOLET INC | RDVT | $36.7M | 575,194 | +0.99pp | 20q | -16.3%-$7.1M | |
| VANGUARD INDEX FDS | VTI | $35.9M | 97,062 | +0.06pp | 23q | +1.5%+$521.0K | |
| STONEX GROUP INC | SNEX | $32.7M | 276,036 | -1.14pp | 14q | -40.8%-$22.6M | |
| SUPERNUS PHARMACEUTICALS | SUPN | $28.5M | 613,783 | -1.06pp | 31q | -4.9%-$1.5M | |
| VICOR CORP | VICR | $28.5M | 74,920 | +0.79pp | 31q | -34.0%-$14.7M | |
| ACUITY INC | AYI | $27.9M | 73,959 | +0.79pp | 7q | +16.4%+$3.9M | |
| UFP TECHNOLOGIES INC | UFPT | $27.8M | 105,020 | +0.40pp | 5q | -2.8%-$792.7K | |
| CLEAR SECURE INC | YOU | $26.7M | 479,082 | -0.33pp | 3q | -10.2%-$3.0M | |
| CELLEBRITE DI LTD | CLBT | $26.0M | 1,778,347 | -0.22pp | 11q | +0.9%+$225.0K | |
| JFROG LTD | FROG | $24.7M | 271,708 | +0.99pp | 9q | -5.0%-$1.3M | |
| EQUINIX INC | EQIX | $23.2M | 22,280 | -0.34pp | 12q | -4.7%-$1.1M | |
| HEALTHEQUITY INC | HQY | $22.9M | 253,441 | -0.30pp | 31q | -4.9%-$1.2M | |
| SKYWARD SPECIALTY INS GROUP | SKWD | $21.5M | 368,052 | +0.20pp | 12q | -5.7%-$1.3M | |
| INTERDIGITAL INC | IDCC | $21.2M | 74,953 | +0.20pp | 3q | +34.5%+$5.4M | |
| INCYTE CORP | INCY | $20.7M | 182,177 | +0.29pp | 31q | +10.2%+$1.9M | |
| LANDBRIDGE COMPANY LLC | LB | $18.6M | 234,860 | -0.13pp | 2q | -5.5%-$1.1M | |
| VIPER ENERGY INC | VNOM | $18.1M | 426,070 | -0.05pp | 2q | +24.3%+$3.5M | |
| ABACUS GLOBAL MGMT INC | ABX | $17.9M | 1,670,673 | +1.08pp | 2q | +93.2%+$8.6M | |
| AXON ENTERPRISE INC | AXON | $16.5M | 29,515 | +0.15pp | 31q | -4.7%-$807.3K | |
| BERKSHIRE HATHAWAY INC DEL | BRKA | $16.5M | 22 | -0.19pp | 31q | HELD | |
| FRANCO NEV CORP | FNV | $16.1M | 77,196 | -0.77pp | 31q | -5.4%-$922.3K | |
| VOX ROYALTY CORP | VOXR | $16.0M | 3,392,440 | -0.60pp | 4q | -5.4%-$919.8K | |
| PORCH GROUP INC | PRCH | $14.7M | 976,320 | +0.96pp | 4q | +40.2%+$4.2M | |
| GENEDX HOLDINGS CORP | WGS | $13.9M | 201,986 | +0.10pp | 6q | +15.7%+$1.9M | |
| ATLAS ENERGY SOLUTIONS INC | AESI | $12.7M | 762,310 | +1.09pp | 9q | +369.3%+$10.0M | |
| KINSALE CAP GROUP INC | KNSL | $11.4M | 34,490 | -0.65pp | 26q | -22.2%-$3.3M | |
| UNION PAC CORP | UNP | $11.2M | 41,345 | -0.03pp | 31q | HELD | |
| DUTCH BROS INC | BROS | $10.8M | 150,700 | +0.16pp | 4q | -5.4%-$612.5K | |
| PALO ALTO NETWORKS INC | PANW | $10.6M | 31,191 | +0.48pp | 2q | -6.8%-$777.5K | |
| SPORTRADAR GROUP AG | SRAD | $10.6M | 705,690 | -0.36pp | 3q | -1.9%-$207.8K | |
| QUANTUM CORP | QMCO | $10.6M | 1,039,200 | - | new | NEW | |
| SPDR INDEX SHS FDS | FEZ | $8.9M | 129,014 | -0.13pp | 24q | -8.6%-$835.4K | |
| ISHARES TR | SGOV | $8.9M | 87,978 | - | new | NEW | |
| ALPHABET INC | GOOGL | $8.5M | 23,691 | +0.20pp | 12q | +18.4%+$1.3M | |
| CAVCO INDS INC DEL | CVCO | $8.4M | 13,730 | -0.83pp | 31q | -52.5%-$9.3M | |
| STATE STR SPDR S&P 500 ETF T | SPY | $8.1M | 10,828 | -0.03pp | 24q | -3.1%-$254.6K | |
| ISHARES TR | IEUR | $7.8M | 103,969 | -0.11pp | 24q | -4.6%-$376.1K | |
| REPOSITRAK INC | TRAK | $6.9M | 768,760 | -0.21pp | 6q | -24.2%-$2.2M | |
| TRANSCAT INC | TRNS | $6.8M | 73,500 | - | new | NEW | |
| ODDITY TECH LTD | ODD | $6.2M | 411,685 | -0.41pp | 12q | -37.1%-$3.7M | |
| POSTAL REALTY TRUST INC | PSTL | $6.1M | 248,650 | - | new | NEW | |
| ENERGY TRANSFER L P | ET | $6.0M | 315,163 | +0.18pp | 16q | +61.5%+$2.3M | |
| TYLER TECHNOLOGIES INC | TYL | $5.9M | 20,154 | -0.28pp | 31q | -6.6%-$418.2K | |
| MICROSOFT CORP | MSFT | $5.6M | 14,935 | -0.09pp | 31q | HELD | |
| ENTERPRISE PRODS PARTNERS L | EPD | $5.4M | 146,610 | -0.11pp | 18q | HELD | |
| ISHARES TR | ICSH | $5.2M | 103,715 | - | new | NEW | |
| TERADYNE INC | TER | $5.1M | 10,499 | +0.12pp | 28q | -10.2%-$577.7K | |
| VERTEX PHARMACEUTICALS INC | VRTX | $4.5M | 9,078 | -0.02pp | 31q | HELD | |
| BERKSHIRE HATHAWAY INC DEL | BRKB | $3.7M | 7,461 | -0.05pp | 31q | -2.7%-$105.1K | |
| VANECK ETF TRUST | REMX | $3.4M | 38,858 | -0.11pp | 5q | -11.6%-$452.4K | |
| ISHARES INC | EWW | $3.4M | 45,382 | -0.14pp | 7q | -16.4%-$671.0K | |
| ISHARES INC | EWZ | $3.4M | 98,408 | -0.15pp | 7q | -9.1%-$339.5K | |
| AMPLIFY ETF TR | HACK | $3.4M | 32,097 | +0.01pp | 10q | -14.5%-$569.7K | |
| INTUITIVE SURGICAL INC | ISRG | $3.1M | 7,727 | -0.11pp | 9q | -0.6%-$19.9K | |
| ISHARES TR | IWO | $3.1M | 7,798 | -0.13pp | 4q | -34.1%-$1.6M | |
| TRAVELERS COMPANIES INC | TRV | $2.9M | 8,833 | -0.01pp | 4q | HELD | |
| ADMA BIOLOGICS INC | ADMA | $2.8M | 337,220 | -0.10pp | 2q | -6.7%-$203.2K | |
| RBC BEARINGS INC | RBC | $2.8M | 4,382 | +0.01pp | 4q | HELD | |
| KINDER MORGAN INC DEL | KMI | $2.8M | 87,493 | -0.06pp | 8q | HELD | |
| ISHARES TR | FXI | $2.8M | 88,147 | -0.39pp | 5q | -43.5%-$2.1M | |
| TWILIO INC | TWLO | $2.7M | 13,095 | - | new | NEW | |
| EVERPURE INC | P | $2.7M | 34,132 | +0.04pp | 6q | HELD | |
| EXXON MOBIL CORP | XOMXXXX | $2.5M | 18,436 | -0.12pp | 31q | HELD | |
| COSTAR GROUP INC | CSGP | $2.5M | 88,100 | -0.24pp | 31q | -14.0%-$407.5K | |
| MORGAN STANLEY | MS | $2.5M | 11,820 | +0.17pp | 6q | +158.6%+$1.5M | |
| CORNING INC | GLW | $2.4M | 9,496 | +0.16pp | 10q | +54.8%+$858.2K | |
| META PLATFORMS INC | META | $2.3M | 4,106 | -0.16pp | 10q | -29.5%-$968.3K | |
| TKO GROUP HOLDINGS INC | TKO | $2.2M | 10,822 | -0.07pp | 8q | -10.1%-$244.6K | |
| TEXTRON INC | TXT | $2.1M | 23,250 | - | new | NEW | |
| MERCADOLIBRE INC | MELI | $2.0M | 1,205 | -0.06pp | 31q | -6.9%-$151.1K | |
| FURY GOLD MINES LIMITED | FURY | $2.0M | 3,730,015 | -0.06pp | 20q | HELD | |
| DANAHER CORP DEL | DHR | $1.9M | 10,123 | -0.03pp | 31q | HELD | |
| COPART INC | CPRT | $1.9M | 67,039 | -0.09pp | 31q | -5.4%-$108.2K | |
| ISHARES TR | MCHI | $1.8M | 35,934 | - | new | NEW | |
| UIPATH INC | PATH | $1.7M | 156,713 | -0.03pp | 3q | HELD | |
| SSGA ACTIVE ETF TR | SRLN | $1.7M | 41,956 | - | new | NEW | |
| VERIZON COMMUNICATIONS INC | VZ | $1.7M | 39,880 | flat | 2q | +34.0%+$428.1K | |
| MERCK & CO INC | MRK | $1.7M | 13,034 | -0.01pp | 31q | HELD | |
| AMAZON COM INC | AMZN | $1.6M | 6,700 | flat | 31q | HELD | |
| COCA COLA CO | KO | $1.6M | 19,582 | +0.08pp | 31q | +94.4%+$772.6K | |
| VICI PPTYS INC | VICI | $1.5M | 56,580 | -0.53pp | 21q | -72.5%-$4.0M | |
| INVESCO EXCH TRADED FD TR II | BKLN | $1.2M | 61,256 | - | new | NEW | |
| WALMART INC | WMT | $1.1M | 10,133 | -0.03pp | 8q | +4.7%+$51.2K | |
| APPLE INC | AAPL | $837.7K | 2,895 | flat | 25q | HELD | |
| GAMCO GLOBAL GOLD NAT RES & | GGN | $706.6K | 146,000 | -0.02pp | 30q | HELD | |
| BROADCOM INC | AVGO | $578.0K | 1,530 | flat | 5q | -7.8%-$49.1K | |
| KOPIN CORP | KOPN | $527.7K | 117,800 | - | new | NEW | |
| CHEVRON CORPORATION | CVX | $499.8K | 3,015 | -0.02pp | 23q | +0.6%+$3.1K | |
| ALPHABET INC | GOOG | $494.7K | 1,400 | flat | 19q | HELD | |
| MILLER INDS INC TENN | MLR | $466.5K | 9,120 | flat | 13q | HELD | |
| VERTIV HOLDINGS CO | VRT | $435.3K | 1,300 | +0.01pp | 4q | HELD | |
| JOHNSON & JOHNSON | JNJ | $431.7K | 1,700 | -0.01pp | 31q | HELD | |
| SHOPIFY INC | SHOP | $411.0K | 3,600 | -0.02pp | 14q | -13.1%-$62.2K | |
| DATADOG INC | DDOG | $383.2K | 1,472 | - | new | NEW | |
| GLOBAL X FDS | QYLD | $368.6K | 20,000 | +0.02pp | 5q | +100.0%+$184.3K | |
| ELI LILLY & CO | LLY | $365.8K | 305 | flat | 19q | -3.8%-$14.4K | |
| INTERNATIONAL BUSINESS MACHS | IBM | $347.6K | 1,236 | flat | 18q | +3.3%+$11.2K | |
| AURORA INNOVATION INC | AUR | $341.0K | 50,000 | +0.02pp | 9q | +75.4%+$146.6K | |
| MP MATERIALS CORP | MP | $336.1K | 6,000 | - | new | NEW | |
| ISHARES TR | EWU | $315.7K | 6,843 | flat | 3q | HELD | |
| ROBLOX CORP | RBLX | $283.3K | 5,210 | -0.01pp | 7q | HELD | |
| INVESCO QQQ TR | QQQ | $248.9K | 338 | - | new | NEW | |
| CREDO TECHNOLOGY GROUP HOLDI | CRDO | $235.2K | 865 | - | new | NEW | |
| NVIDIA CORPORATION | NVDA | $200.1K | 1,000 | - | new | NEW | |
| CONAGRA BRANDS INC | CAG | $178.3K | 13,250 | - | new | NEW |
By sector
Industry comes from the SIC code on each company's own SEC filings, which is self-reported and sometimes out of date. Derivative exposure is counted with the shares. Securities the SEC assigns no industry - funds, trusts, foreign issues - are shown as not classified rather than dropped.
| Sector | Value | Share |
|---|---|---|
| Software & IT Services | $174.7M | 18.7% |
| Biotech & Pharma | $112.8M | 12.1% |
| Semiconductors & Electronics | $58.3M | 6.2% |
| Insurance | $56.0M | 6.0% |
| Capital Markets | $53.1M | 5.7% |
| Energy | $45.4M | 4.9% |
| Telecom & Media | $45.3M | 4.9% |
| Holding & Investment | $39.8M | 4.3% |
| Mining & Metals | $36.9M | 4.0% |
| Medical Devices | $30.9M | 3.3% |
| Real Estate | $30.9M | 3.3% |
| Business Services | $27.4M | 2.9% |
| Other sectors | $126.9M | 13.6% |
| Not classified | $94.1M | 10.1% |
What the disclosed book did
This is not the fund's return. A 13F shows long US equity positions only, so shorts, bonds, foreign listings, private holdings and cash are all invisible here. What this measures is the quarter's change in value of the positions this manager disclosed, had they been left untouched - the return a reader following the filing would have earned.
| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +21.7% | +14.8% | +6.9% | 100% |
| Q1 2026 | -7.1% | -4.6% | -2.5% | 98% |
| Q4 2025 | +3.1% | +2.4% | +0.7% | 100% |
| Q3 2025 | +5.6% | +7.8% | -2.3% | 100% |
| Q2 2025 | +9.1% | +10.5% | -1.3% | 100% |
| Q1 2025 | +25.3% | -4.6% | +29.8% | 100% |
| Q4 2024 | +7.7% | +2.1% | +5.5% | 100% |
| Q3 2024 | +9.5% | +5.4% | +4.1% | 100% |
Market is SPY over the same two quarter ends, priced the same way as everything else here - the median across every filer reporting it. It is a large-cap US proxy, so a manager holding small caps or biotech will beat or trail it for reasons that are not skill. Prices are quarter-end to quarter-end and say nothing about the path in between, or about trades opened and closed inside a quarter.
Quarter by quarter
| Quarter | Value | Positions | New | Added | Trimmed | Exited | Top 10 | Days to file |
|---|---|---|---|---|---|---|---|---|
| Q2 2026 | $932.6M | 107 | 17 | 21 | 46 | 9 | 36.4% | 52 |
| Q1 2026 | $809.2M | 99 | 8 | 40 | 25 | 18 | 39.8% | 45 |
| Q4 2025 | $897.7M | 109 | 10 | 22 | 37 | 11 | 38.7% | 48 |
| Q3 2025 | $897.8M | 110 | 15 | 24 | 42 | 7 | 37.4% | 45 |
| Q2 2025 | $851.1M | 102 | 9 | 26 | 46 | 6 | 36.1% | 49 |
| Q1 2025 | $775.5M | 99 | 9 | 26 | 50 | 11 | 35.3% | 45 |
| Q4 2024 | $847.6M | 101 | 7 | 19 | 38 | 8 | 35.9% | 49 |
| Q3 2024 | $801.3M | 102 | 9 | 21 | 51 | 4 | 35.0% | 49 |
| Q2 2024 | $740.6M | 97 | 11 | 26 | 31 | 5 | 35.5% | 46 |
| Q1 2024 | $739.3M | 91 | 6 | 29 | 44 | 8 | 37.9% | 45 |
| Q4 2023 | $746.4M | 93 | 4 | 33 | 35 | 2 | 36.2% | 46 |
| Q3 2023 | $679.3M | 91 | 10 | 11 | 43 | 9 | 38.3% | 46 |
| Q2 2023 | $715.5M | 90 | 6 | 27 | 34 | 6 | 40.9% | 45 |
| Q1 2023 | $668.0M | 90 | 7 | 33 | 26 | 7 | 42.4% | 45 |
| Q4 2022 | $644.9M | 90 | 4 | 20 | 47 | 6 | 41.9% | 46 |
| Q3 2022 | $655.6M | 92 | 7 | 25 | 42 | 7 | 38.0% | 47 |
| Q2 2022 | $703.7M | 92 | 5 | 32 | 23 | 14 | 39.9% | 46 |
| Q1 2022 | $928.5M | 101 | 9 | 40 | 29 | 15 | 36.8% | 46 |
| Q4 2021 | $1.0B | 107 | 7 | 42 | 37 | 13 | 35.7% | 46 |
| Q3 2021 | $1.1B | 113 | 9 | 44 | 35 | 6 | 37.6% | 46 |
| Q2 2021 | $1.1B | 110 | 10 | 28 | 28 | 6 | 36.0% | 57 |
| Q1 2021 | $1.1B | 106 | 8 | 45 | 28 | 12 | 35.5% | 44 |
| Q4 2020 | $1.0B | 110 | 20 | 34 | 32 | 8 | 36.3% | 47 |
| Q3 2020 | $841.4M | 98 | 8 | 27 | 46 | 8 | 37.4% | 47 |
| Q2 2020 | $772.2M | 98 | 19 | 23 | 46 | 9 | 40.5% | 48 |
| Q1 2020 | $566.9M | 88 | 11 | 33 | 30 | 11 | 39.1% | 45 |
| Q4 2019 | $748.7M | 88 | 1 | 21 | 34 | 10 | 36.8% | 45 |
| Q3 2019 | $691.7M | 97 | 6 | 28 | 32 | 7 | 38.3% | 46 |
| Q2 2019 | $746.7M | 98 | 6 | 13 | 36 | 6 | 36.5% | 46 |
| Q1 2019 | $685.2M | 98 | 5 | 31 | 35 | 21 | 38.8% | 45 |
| Q4 2018 | $611.3M | 114 | 0 | 0 | 0 | 0 | 39.4% | 46 |
Rows marked UNVERIFIED ID, PLACEHOLDER ID, TICKER AS ID or NON-CUSIP ID carry an identifier that is not a valid CUSIP. They are shown because the filer reported that money, but treat the security named with caution - hover the chip for what is wrong with it, and see the methodology.
Held counts consecutive filings in which this manager reported the position, and can reach further back than the quarters listed above: the tabs begin at Q4 2018 because earlier coverage is too sparse to describe a market, but tenure is counted over every filing we hold, some reaching to 2007. A position sold and later rebought starts again from one.
Weight change is the shift in this position's share of the whole book, in percentage points. It is the more useful column: when money flows into or out of a broad fund, almost every holding is bought or sold at once, so added and trimmed largely track flows. A weight that rose while the book shrank is a decision. Both compare with the previous quarter this filer reported, not the previous calendar quarter.