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ASHFORD CAPITAL MANAGEMENT INC — 13F Holdings & Portfolio

CIK 897070 · latest 13F-HR filed 2026-05-15

Backtest portfolio

ASHFORD CAPITAL MANAGEMENT INC manages $809.2M in 13F-reported U.S. long-equity assets across 99 reported positions as of its 2026-03-31 13F-HR filing. Its largest disclosed positions are GSAT (7.45%), LGND (5.12%), SNEX (4.65%). Quarter over quarter (versus its 2025-12-31 filing) the fund opened 8 new positions, exited 18, added to 37, and trimmed 36.

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.

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AUM

$809.2M

Long-equity book

Holdings

99

Distinct positions

Period

2026-03-31

Filed 2026-05-15

Q/Q Activity

+8 / −18 / ↑37 / ↓36

vs 2025-12-31

Firm Profile & Key People
Name Title / Status Ownership Type

Top Adds (vs prior quarter)

  • CLEAR SECURE, INC. -CLASS A$16.3M +172.5%
  • STONEX GROUP, INC.$9.3M +32.6%
  • INTERDIGITAL INC.$7.5M +79.7%
  • EQUINIX INC$5.0M +27.7%
  • VOX ROYALTY CORP.$3.9M +25.8%
Show all 37 →

Top Trims

  • VICOR CORP-$20.5M -52.9%
  • ODDITY TECH, LTD. - CL A-$18.8M -68.2%
  • COSTAR GROUP INC-$12.5M -75.2%
  • RED VIOLET INC-$10.6M -30.8%
  • TYLER TECHNOLOGIES, INC-$7.2M -49.4%
Show all 36 →

New Positions

  • LANDBRIDGE COMPANY, LLC$17.2M
  • VIPER ENERGY, INC.$16.1M
  • ABACUS GLOBAL MANAGEMENT, INC$6.8M
  • PALO ALTO NETWORKS, INC.$5.4M
  • ADMA BIOLOGICS, INC.$3.3M
Show all 8 →

Exited Positions

  • CYBERARK SOFTWARE LTD/ISRAEL$14.4M
  • CLEARWATER ANALYTICS HDS - CL A$12.3M
  • AVEPOINT, INC.$11.2M
  • NCINO, INC.$10.4M
  • SENTINELONE, INC. - CLASS A$9.0M
Show all 18 →
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 GLOBALSTAR INC. GSAT 378973507 $60.3M 7.45% 907,531 SH
2 LIGAND PHARMACEUTICALS - CL B LGND 53220K504 $41.4M 5.12% 207,565 SH
3 STONEX GROUP, INC. SNEX 861896108 $37.6M 4.65% 466,630 SH
4 SUPERNUS PHARMACEUTICALS INC. SUPN 868459108 $33.4M 4.12% 645,381 SH
5 VANGUARD TOTAL STOCK MARKET ETF VTI 922908769 $30.7M 3.79% 95,654 SH
6 CLEAR SECURE, INC. -CLASS A YOU 18467V109 $25.8M 3.19% 533,268 SH
7 CELLEBRITE DI LTD/ISRAEL CLBT M2197Q107 $24.3M 3.00% 1,762,937 SH
8 RED VIOLET INC RDVT 75704L104 $23.8M 2.94% 686,816 SH
9 EQUINIX INC EQIX 29444U700 $22.9M 2.83% 23,375 SH
10 HEALTHEQUITY, INC. HQY 42226A107 $22.3M 2.75% 266,481 SH
11 UFP TECHNOLOGIES, INC. UFPT 902673102 $20.9M 2.58% 108,010 SH
12 FRANCO-NEVADA CORP FNV 351858105 $20.2M 2.49% 81,621 SH
13 VOX ROYALTY CORP. VOXR 92919F103 $18.8M 2.32% 3,586,900 SH
14 VICOR CORP VICR 925815102 $18.3M 2.26% 113,535 SH
15 ACUITY, INC. AYI 00508Y102 $17.8M 2.20% 63,539 SH
16 LANDBRIDGE COMPANY, LLC LB 514952100 $17.2M 2.12% 248,540 SH
17 SKYWARD SPECIALTY INSURANCE GROUP SKWD 830940102 $17.0M 2.11% 390,332 SH
18 INTERDIGITAL INC. IDCC 45867G101 $16.8M 2.08% 55,724 SH
19 VIPER ENERGY, INC. VNOM 64361Q101 $16.1M 1.99% 342,680 SH
20 BERKSHIRE HATHAWAY A BRK.A 084670108 $15.8M 1.95% 22 SH
21 INCYTE CORP INCY 45337C102 $15.6M 1.92% 165,247 SH
22 KINSALE CAPITAL GROUP INC. KNSL 49714P108 $15.2M 1.87% 44,360 SH
23 CAVCO INDUSTRIES, INC. CVCO 149568107 $14.0M 1.73% 28,917 SH
24 JFROG LTD FROG M6191J100 $13.4M 1.66% 286,118 SH
25 AXON ENTERPRISE, INC. AXON 05464C101 $13.1M 1.62% 30,955 SH
26 SPORTRADAR GROUP AG SRAD H8088L103 $12.0M 1.49% 719,570 SH
27 GENEDX HOLDINGS - CL A. WGS 81663L200 $11.2M 1.38% 174,512 SH
28 UNION PACIFIC CORP UNP 907818108 $10.0M 1.24% 41,345 SH
29 SPDR EURO STOXX 50 FUND FEZ 78463X202 $8.8M 1.08% 141,178 SH
30 ODDITY TECH, LTD. - CL A ODD M7518J104 $8.8M 1.08% 654,562 SH
31 DUTCH BROS INC. BROS 26701L100 $8.1M 1.00% 159,230 SH
32 ISHARES FALLEN ANGELS USD BOND ETF FALN 46435G474 $7.9M 0.97% 294,018 SH
33 REPOSITRAK, INC. TRAK 700215304 $7.7M 0.95% 1,014,028 SH
34 ISHARES CORE MSCI EUROPE ETF IEUR 46434V738 $7.7M 0.95% 108,972 SH
35 TYLER TECHNOLOGIES, INC TYL 902252105 $7.4M 0.91% 21,584 SH
36 SPDR S&P 500 ETF TRUST SPY 78462F103 $7.3M 0.90% 11,169 SH
37 ABACUS GLOBAL MANAGEMENT, INC ABX 00258Y104 $6.8M 0.84% 864,900 SH
38 ALPHABET INC. CLASS A GOOGL 02079K305 $5.8M 0.71% 20,006 SH
39 VICI PROPERTIES VICI 925652109 $5.6M 0.69% 205,760 SH
40 ISHARES CHINA LARGE-CAP ETF FXI 464287184 $5.6M 0.69% 156,078 SH
41 ENTERPRISE PRODUCTS PARTNERS EPD 293792107 $5.5M 0.69% 146,610 SH
42 MICROSOFT CORPORATION MSFT 594918104 $5.5M 0.68% 14,935 SH
43 PALO ALTO NETWORKS, INC. PANW 697435105 $5.4M 0.66% 33,471 SH
44 PORCH GROUP INC PRCH 733245104 $5.0M 0.62% 696,180 SH
45 ISHARES MSCI BRAZIL EWZ 464286400 $4.2M 0.51% 108,250 SH
46 COSTAR GROUP INC CSGP 22160N109 $4.1M 0.51% 102,490 SH
47 ISHARES MSCI MEXICO ETF EWW 464286822 $4.1M 0.50% 54,297 SH
48 VERTEX PHARMACEUTICALS INC. VRTX 92532F100 $4.1M 0.50% 9,078 SH
49 VANECK RARE EARTH & METALS ETF REMX 92189H805 $3.9M 0.48% 43,970 SH
50 ENERGY TRANSFER LP ET 29273V100 $3.8M 0.47% 195,153 SH
Filing History
Period Filed AUM Holdings Accession
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