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ASHFORD CAPITAL MANAGEMENT INC — 13F Holdings & Portfolio

CIK 897070 · latest 13F-HR filed 2026-08-21

Backtest portfolio

ASHFORD CAPITAL MANAGEMENT INC manages $932.6M in 13F-reported U.S. long-equity assets across 108 reported positions as of its 2026-06-30 13F-HR filing. Its largest disclosed positions are LGND (5.77%), GSAT (4.44%), RDVT (3.93%). Quarter over quarter (versus its 2026-03-31 filing) the fund opened 17 new positions, exited 9, added to 45, and trimmed 29.

AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.

Filer Information
Address
1 WALKER'S MILL ROAD
WILMINGTON, DE 19807
Phone
(302) 655-1750
Filing Manager
ASHFORD CAPITAL MANAGEMENT INC
WILMINGTON, DE
Signatory
Victoria Horan
Vice President, Operations
Loading holdings…
AUM

$932.6M

Long-equity book

Holdings

108

Distinct positions

Period

2026-06-30

Filed 2026-08-21

Q/Q Activity

+17 / −9 / ↑45 / ↓29

vs 2026-03-31

Firm Profile & Key People
Name Title / Status Ownership Type

Top Adds (vs prior quarter)

  • RED VIOLET INC$12.9M +54.2%
  • LIGAND PHARMACEUTICALS - CL B$12.4M +29.8%
  • JFROG LTD$11.3M +83.9%
  • ABACUS GLOBAL MANAGEMENT, INC$11.1M +162.5%
  • ATLAS ENERGY SOLUTIONS, INC.$10.5M +494.1%
Show all 45 →

Top Trims

  • GLOBALSTAR INC.-$18.8M -31.3%
  • CAVCO INDUSTRIES, INC.-$5.6M -39.8%
  • STONEX GROUP, INC.-$4.9M -13.1%
  • SUPERNUS PHARMACEUTICALS INC.-$4.8M -14.4%
  • VICI PROPERTIES-$4.1M -73.3%
Show all 29 →

New Positions

  • QUANTUM CORPORATION$10.6M
  • ISHARES 0-3 MONTH TREASURY BOND ETF$8.9M
  • TRANSCAT, INC.$6.8M
  • POSTAL REALTY TRUST INC CL A$6.1M
  • ISHARES ULTRA SHORT DURATION BOND ETF$5.2M
Show all 17 →

Exited Positions

  • ISHARES FALLEN ANGELS USD BOND ETF$7.9M
  • ORACLE CORPORATION$1.8M
  • BIO-TECHNE CORP$836.6K
  • THE TRADE DESK - CL A$455.8K
  • AEROVIRONMENT INC.$305.7K
Show all 9 →
All Holdings

Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).

# Issuer Symbol CUSIP Value Weight Shares Type
1 LIGAND PHARMACEUTICALS - CL B LGND 53220K504 $53.8M 5.77% 170,236 SH
2 GLOBALSTAR INC. GSAT 378973507 $41.4M 4.44% 509,700 SH
3 RED VIOLET INC RDVT 75704L104 $36.7M 3.93% 575,194 SH
4 VANGUARD TOTAL STOCK MARKET ETF VTI 922908769 $35.9M 3.85% 97,062 SH
5 STONEX GROUP, INC. SNEX 861896108 $32.7M 3.51% 276,036 SH
6 SUPERNUS PHARMACEUTICALS INC. SUPN 868459108 $28.5M 3.06% 613,783 SH
7 VICOR CORP VICR 925815102 $28.5M 3.05% 74,920 SH
8 ACUITY, INC. AYI 00508Y102 $27.9M 2.99% 73,959 SH
9 UFP TECHNOLOGIES, INC. UFPT 902673102 $27.8M 2.99% 105,020 SH
10 CLEAR SECURE, INC. -CLASS A YOU 18467V109 $26.7M 2.86% 479,082 SH
11 CELLEBRITE DI LTD/ISRAEL CLBT M2197Q107 $26.0M 2.78% 1,778,347 SH
12 JFROG LTD FROG M6191J100 $24.7M 2.65% 271,708 SH
13 EQUINIX INC EQIX 29444U700 $23.2M 2.49% 22,280 SH
14 HEALTHEQUITY, INC. HQY 42226A107 $22.9M 2.45% 253,441 SH
15 SKYWARD SPECIALTY INSURANCE GROUP SKWD 830940102 $21.5M 2.30% 368,052 SH
16 INTERDIGITAL INC. IDCC 45867G101 $21.2M 2.28% 74,953 SH
17 INCYTE CORP INCY 45337C102 $20.7M 2.21% 182,177 SH
18 LANDBRIDGE COMPANY, LLC LB 514952100 $18.6M 2.00% 234,860 SH
19 VIPER ENERGY, INC. VNOM 64361Q101 $18.1M 1.94% 426,070 SH
20 ABACUS GLOBAL MANAGEMENT, INC ABX 00258Y104 $17.9M 1.92% 1,670,673 SH
21 AXON ENTERPRISE, INC. AXON 05464C101 $16.5M 1.77% 29,515 SH
22 BERKSHIRE HATHAWAY A BRK.A 084670108 $16.5M 1.77% 22 SH
23 FRANCO-NEVADA CORP FNV 351858105 $16.1M 1.73% 77,196 SH
24 VOX ROYALTY CORP. VOXR 92919F103 $16.0M 1.72% 3,392,440 SH
25 PORCH GROUP INC PRCH 733245104 $14.7M 1.57% 976,320 SH
26 GENEDX HOLDINGS - CL A. WGS 81663L200 $13.9M 1.49% 201,986 SH
27 ATLAS ENERGY SOLUTIONS, INC. AESI 642045108 $12.7M 1.36% 762,310 SH
28 KINSALE CAPITAL GROUP INC. KNSL 49714P108 $11.4M 1.22% 34,490 SH
29 UNION PACIFIC CORP UNP 907818108 $11.2M 1.21% 41,345 SH
30 DUTCH BROS INC. BROS 26701L100 $10.8M 1.16% 150,700 SH
31 PALO ALTO NETWORKS, INC. PANW 697435105 $10.6M 1.14% 31,191 SH
32 SPORTRADAR GROUP AG SRAD H8088L103 $10.6M 1.13% 705,690 SH
33 SPDR EURO STOXX 50 FUND FEZ 78463X202 $8.9M 0.95% 129,014 SH
34 ISHARES 0-3 MONTH TREASURY BOND ETF SGOV 46436E718 $8.9M 0.95% 87,978 SH
35 ALPHABET INC. CLASS A GOOGL 02079K305 $8.5M 0.91% 23,691 SH
36 CAVCO INDUSTRIES, INC. CVCO 149568107 $8.4M 0.90% 13,730 SH
37 SPDR S&P 500 ETF TRUST SPY 78462F103 $8.1M 0.87% 10,828 SH
38 ISHARES CORE MSCI EUROPE ETF IEUR 46434V738 $7.8M 0.84% 103,969 SH
39 QUANTUM CORPORATION QMCO 747906600 $7.0M 0.75% 639,200 SH
40 REPOSITRAK, INC. TRAK 700215304 $6.9M 0.74% 768,760 SH
41 TRANSCAT, INC. TRNS 893529107 $6.8M 0.73% 73,500 SH
42 ODDITY TECH, LTD. - CL A ODD M7518J104 $6.2M 0.67% 411,685 SH
43 POSTAL REALTY TRUST INC CL A PSTL 73757R102 $6.1M 0.66% 248,650 SH
44 ENERGY TRANSFER LP ET 29273V100 $6.0M 0.65% 315,163 SH
45 TYLER TECHNOLOGIES, INC TYL 902252105 $5.9M 0.63% 20,154 SH
46 MICROSOFT CORPORATION MSFT 594918104 $5.6M 0.60% 14,935 SH
47 ENTERPRISE PRODUCTS PARTNERS EPD 293792107 $5.4M 0.58% 146,610 SH
48 ISHARES ULTRA SHORT DURATION BOND ETF ICSH 46434V878 $5.2M 0.56% 103,715 SH
49 TERADYNE INC. TER 880770102 $5.1M 0.54% 10,499 SH
50 VERTEX PHARMACEUTICALS INC. VRTX 92532F100 $4.5M 0.48% 9,078 SH
Filing History
Period Filed AUM Holdings Accession
2026-06-30 2026-08-21 $932.6M 108 0000897070-26-000013
2026-03-31 2026-05-15 $809.2M 99 0000897070-26-000007
2025-12-31 2026-02-17 $897.7M 109 0000897070-26-000003
2025-09-30 2025-11-14 $897.8M 110 0000897070-25-000013