ASHFORD CAPITAL MANAGEMENT INC

CIK

897070

Location

WILMINGTON, DE

Portfolio Value

Small $713,048,341

Diversification

Diversified

Filing Date

Global Rank

#1,883 / 8,232 ▲ 24

Top Industry

Software - Application 15.2%

3Y Alpha vs SPY

-7.6%

Period ended 2 months ago

Filed May 15, 2026 · 30d

25 quarters · since Mar 2020

Clone Performance

Jun 2023–Jun 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+44.9%

SPY

+76.3%

Annualised alpha

-7.6%

Max drawdown

−19.4%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

84 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

8.5%

+0.6 pts

Top 5

27.8%

+1.4 pts

Top 10

43.9%

+1.0 pts

HHI

311

Diversified+19

Portfolio Trend

25 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Technology	24.2%	$172,360,224	20
Healthcare	22.5%	$160,667,651	14
Financial Services	12.5%	$89,427,625	9
Communication Services	10.4%	$74,290,221	8
Energy	7.2%	$51,607,981	9
Industrials	6.5%	$46,346,879	7
Basic Materials	5.8%	$41,451,398	4
Real Estate	4.6%	$32,668,919	3
Consumer Cyclical	3.7%	$26,236,400	6
Consumer Defensive	1.5%	$10,727,396	3
Unclassified	1.0%	$7,263,647	1

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
VOXR	Vox Royalty Corp.	+434,530	3,586,900	$18,795,356
TRAK	ReposiTrak, Inc.	+334,447	1,014,028	$7,706,612
PRCH	Porch Group, Inc.	+291,510	696,180	$4,991,610
YOU	Clear Secure, Inc.	+263,218	533,268	$25,815,503
SRAD	Sportradar Group AG	+189,290	719,570	$12,045,601
SNEX	StoneX Group Inc.	+168,301	466,630	$37,633,709
CLBT	Cellebrite DI Ltd.	+92,092	1,762,937	$24,293,271
RDVT	Red Violet, Inc.	+83,998	686,816	$23,763,833
FURY	Fury Gold Mines Ltd	+80,000	3,730,015	$2,271,579
WGS	GeneDx Holdings Corp.	+42,186	174,512	$11,207,160
SUPN	Supernus Pharmaceuticals, Inc.	+32,843	645,381	$33,359,743
PATH	UiPath, Inc.	+31,239	156,713	$1,739,514
IDCC	InterDigital, Inc.	+26,316	55,724	$16,828,648
INCY	Incyte Corp	+26,167	165,247	$15,553,047
KMI	Kinder Morgan, Inc.	+15,785	87,493	$2,933,640
UFPT	Ufp Technologies Inc	+11,350	108,010	$20,910,736
ET	Energy Transfer LP	+10,530	195,153	$3,766,452
P	Everpure, Inc.	+9,564	34,132	$2,015,153
GOOGL	Alphabet Inc.	+8,625	20,006	$5,752,925
KNSL	Kinsale Capital Group, Inc.	+6,215	44,360	$15,156,037
ORCL	Oracle Corp	+5,612	12,440	$1,830,048
BROS	Dutch Bros Inc.	+2,950	159,230	$8,066,591
SKWD	Skyward Specialty Insurance Group, Inc.	+2,630	390,332	$17,049,701
EPD	Enterprise Products Partners L.P.	+2,000	146,610	$5,547,722
MS	Morgan Stanley	+1,780	4,570	$752,084
No positions match the current search.

Trimmed

Positions the filer reduced

23 positions

Ticker	Company	Δ Shares	Shares	Value
VICR	Vicor Corp	−240,321	113,535	$18,279,135
CSGP	Costar Group, Inc.	−145,469	102,490	$4,134,446
TTD	Trade Desk, Inc.	−94,788	20,088	$455,796
GSAT	Globalstar, Inc.	−91,464	907,531	$60,278,209
CPRT	Copart Inc	−84,110	70,879	$2,353,182
ODD	Oddity Tech Ltd	−31,410	654,562	$8,758,039
FROG	JFrog Ltd	−23,000	286,118	$13,427,517
TECH	BIO-TECHNE Corp	−21,897	16,008	$836,578
MRK	Merck & Co., Inc.	−13,949	13,034	$1,567,859
TYL	Tyler Technologies Inc	−10,609	21,584	$7,389,929
FNV	FRANCO NEVADA Corp	−8,236	81,621	$20,164,468
TER	Teradyne, Inc	−8,163	11,693	$3,466,506
LGND	Ligand Pharmaceuticals Inc	−6,213	207,565	$41,440,352
HQY	Healthequity, Inc.	−5,242	266,481	$22,269,817
MSFT	Microsoft Corp	−3,174	14,935	$5,528,488
AYI	Acuity Inc. (De)	−2,183	63,539	$17,804,898
AVGO	Broadcom Inc.	−940	1,660	$513,786
SHOP	Shopify Inc.	−535	4,145	$491,679
TKO	TKO Group Holdings, Inc.	−260	12,037	$2,427,261
AESI	Atlas Energy Solutions Inc.	−190	162,440	$2,131,212
META	Meta Platforms, Inc.	−180	5,825	$3,332,657
EQIX	Equinix Inc	−49	23,375	$22,913,110
LLY	ELI LILLY & Co	−19	317	$291,567
No positions match the current search.

New Positions

Positions the filer opened this quarter

8 positions

Ticker	Company	Shares	Value
LB	LandBridge Co LLC	248,540	$17,161,687
VNOM	Viper Energy, Inc.	342,680	$16,102,533
ABX	Abacus Global Management, Inc.	864,900	$6,815,412
PANW	Palo Alto Networks Inc	33,471	$5,366,070
ADMA	Adma Biologics, Inc.	361,500	$3,257,115
VZ	Verizon Communications Inc	29,770	$1,494,454
AVAV	AeroVironment Inc	1,670	$305,693
DOW	Dow Inc.	5,282	$219,995
No positions match the current search.

Sold Out

Positions the filer fully exited

16 positions

Ticker	Company	Shares	Value
CWAN	Clearwater Analytics Holdings, Inc.	511,779	$12,344,109
AVPT	AvePoint, Inc.	802,819	$11,151,155
NCNO	nCino, Inc.	406,307	$10,417,711
S	SentinelOne, Inc.	601,830	$9,027,450
VIA	Via Transportation, Inc.	190,660	$5,531,046
ROP	Roper Technologies Inc	6,670	$2,969,017
MOD	Modine Manufacturing Co	14,736	$1,967,403
VRSK	Verisk Analytics, Inc.	6,564	$1,468,301
CAH	Cardinal Health Inc	6,087	$1,250,878
AFRM	Affirm Holdings, Inc.	6,775	$504,263
MKTX	Marketaxess Holdings Inc	2,000	$362,500
RHLD	Resolute Holdings Management, Inc.	1,261	$260,308
CLS	Celestica Inc	870	$257,180
QURE	uniQure N.V.	10,000	$239,300
IAU	Ishares Gold Trust	2,850	$231,334
QQQ	Invesco Qqq Trust, Series 1	328	$201,493
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

84 positions · $713,048,341 total · as of Mar 31, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Real Estate Technology

Showing 1–50 of 84 positions by value · page 1 of 2

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
GSAT	Globalstar, Inc. Communication Services	Reduced	907,531	-91,464	$60,278,209	−1.1%	8.45%
LGND	Ligand Pharmaceuticals Inc Healthcare	Reduced	207,565	-6,213	$41,440,352	+2.5%	5.81%
SNEX	StoneX Group Inc. Financial Services	Added	466,630	+168,301	$37,633,709	+98.9%	5.28%
SUPN	Supernus Pharmaceuticals, Inc. Healthcare	Added	645,381	+32,843	$33,359,743	+9.6%	4.68%
YOU	Clear Secure, Inc. Technology	Added	533,268	+263,218	$25,815,503	+172.5%	3.62%
CLBT	Cellebrite DI Ltd. Technology	Added	1,762,937	+92,092	$24,293,271	−19.4%	3.41%
RDVT	Red Violet, Inc. Technology	Added	686,816	+83,998	$23,763,833	−30.8%	3.33%
EQIX	Equinix Inc Real Estate	Reduced	23,375	-49	$22,913,110	+27.7%	3.21%
HQY	Healthequity, Inc. Healthcare	Reduced	266,481	-5,242	$22,269,817	−10.5%	3.12%
UFPT	Ufp Technologies Inc Healthcare	Added	108,010	+11,350	$20,910,736	−2.6%	2.93%
FNV	FRANCO NEVADA Corp Basic Materials	Reduced	81,621	-8,236	$20,164,468	+8.3%	2.83%
VOXR	Vox Royalty Corp. Basic Materials	Added	3,586,900	+434,530	$18,795,356	+25.8%	2.64%
VICR	Vicor Corp Technology	Reduced	113,535	-240,321	$18,279,135	−52.9%	2.56%
AYI	Acuity Inc. (De) Industrials	Reduced	63,539	-2,183	$17,804,898	−24.8%	2.50%
LB	LandBridge Co LLC Energy	NEW	248,540	NEW	$17,161,687	NEW	2.41%
SKWD	Skyward Specialty Insurance Group, Inc. Financial Services	Added	390,332	+2,630	$17,049,701	−14.0%	2.39%
IDCC	InterDigital, Inc. Technology	Added	55,724	+26,316	$16,828,648	+79.7%	2.36%
VNOM	Viper Energy, Inc. Energy	NEW	342,680	NEW	$16,102,533	NEW	2.26%
INCY	Incyte Corp Healthcare	Added	165,247	+26,167	$15,553,047	+13.2%	2.18%
KNSL	Kinsale Capital Group, Inc. Financial Services	Added	44,360	+6,215	$15,156,037	+1.6%	2.13%
CVCO	Cavco Industries, Inc. Consumer Cyclical	Added	28,917	+505	$14,004,213	−16.6%	1.96%
FROG	JFrog Ltd Technology	Reduced	286,118	-23,000	$13,427,517	−30.5%	1.88%
AXON	Axon Enterprise, Inc. Industrials	Added	30,955	+1,756	$13,146,278	−20.7%	1.84%
SRAD	Sportradar Group AG Technology	Added	719,570	+189,290	$12,045,601	−4.4%	1.69%
WGS	GeneDx Holdings Corp. Healthcare	Added	174,512	+42,186	$11,207,160	−34.9%	1.57%
UNP	Union Pacific Corp Industrials	Held	41,345	0	$10,031,123	+4.9%	1.41%
ODD	Oddity Tech Ltd Consumer Defensive	Reduced	654,562	-31,410	$8,758,039	−68.2%	1.23%
BROS	Dutch Bros Inc. Consumer Cyclical	Added	159,230	+2,950	$8,066,591	−15.7%	1.13%
TRAK	ReposiTrak, Inc. Technology	Added	1,014,028	+334,447	$7,706,612	−8.3%	1.08%
TYL	Tyler Technologies Inc Technology	Reduced	21,584	-10,609	$7,389,929	−49.4%	1.04%
SPY	Spdr S&P 500 ETF Trust	Held	11,169	0	$7,263,647	−4.6%	1.02%
ABX	Abacus Global Management, Inc. Financial Services	NEW	864,900	NEW	$6,815,412	NEW	0.96%
GOOGL	Alphabet Inc. Communication Services	Added	20,006	+8,625	$5,752,925	+61.5%	0.81%
VICI	Vici Properties Inc. Real Estate	Held	205,760	0	$5,621,363	−2.8%	0.79%
EPD	Enterprise Products Partners L.P. Energy	Added	146,610	+2,000	$5,547,722	+19.7%	0.78%
MSFT	Microsoft Corp Technology	Reduced	14,935	-3,174	$5,528,488	−36.9%	0.78%
PANW	Palo Alto Networks Inc Technology	NEW	33,471	NEW	$5,366,070	NEW	0.75%
PRCH	Porch Group, Inc. Financial Services	Added	696,180	+291,510	$4,991,610	+35.1%	0.70%
CSGP	Costar Group, Inc. Real Estate	Reduced	102,490	-145,469	$4,134,446	−75.2%	0.58%
VRTX	Vertex Pharmaceuticals Inc / Ma Healthcare	Added	9,078	+833	$4,053,690	+8.4%	0.57%
ET	Energy Transfer LP Energy	Added	195,153	+10,530	$3,766,452	+23.7%	0.53%
BRK-B	Berkshire Hathaway Inc Financial Services	Added	7,671	+600	$3,675,943	+3.4%	0.52%
ISRG	Intuitive Surgical Inc Healthcare	Added	7,777	+634	$3,585,119	−11.4%	0.50%
TER	Teradyne, Inc Technology	Reduced	11,693	-8,163	$3,466,506	−9.8%	0.49%
META	Meta Platforms, Inc. Communication Services	Reduced	5,825	-180	$3,332,657	−15.9%	0.47%
ADMA	Adma Biologics, Inc. Healthcare	NEW	361,500	NEW	$3,257,115	NEW	0.46%
XOM	Exxon Mobil Corp Energy	Held	18,436	0	$3,127,851	+41.0%	0.44%
KMI	Kinder Morgan, Inc. Energy	Added	87,493	+15,785	$2,933,640	+48.8%	0.41%
TRV	Travelers Companies, Inc. Financial Services	Added	8,833	+1,069	$2,576,409	+14.4%	0.36%
TKO	TKO Group Holdings, Inc. Communication Services	Reduced	12,037	-260	$2,427,261	−5.6%	0.34%