Filed: 11/14/2025ACC: 0000897070-25-000013
📋 What this filing means
ASHFORD CAPITAL MANAGEMENT INC filed this quarterly 13F‑HR report disclosing 110 equity positions with a total reported market value of $897.76M. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
110
Positions
$897.76M
Total AUM (reported)
22.12M
Total Shares
Allocation by class
COM$897.76M100.0%
Portfolio Concentration
Top 3$128.76M14.3%
4–10$206.80M23.0%
11–25$270.20M30.1%
Rest$292.01M32.5%
Top 3 weight
14.3%
Top 10 weight
37.4%
Voting Authority Distribution
Total shares with voting rights: 22.12M
Sole
Full voting authority
22.12M
shares
% of voting shares100.0%
Shared
Joint voting authority
0.00
shares
% of voting shares0.0%
None
No voting authority
0.00
shares
% of voting shares0.0%
Investment Discretion (by position count)
Sole110
Shared0
Other0
Dominant voting typeSole · 100.0% of voting shares
Institutional Holdings110
Rows:
GLOBALSTAR INC.
SOLEShares1.41M
TypeSH
Market value$51.29M
5.71%
Sole
1.41M
Shared
0.00
None
0.00
LIGAND PHARMACEUTICALS - CL B
SOLEShares244.43K
TypeSH
Market value$43.30M
4.82%
Sole
244.43K
Shared
0.00
None
0.00
ODDITY TECH, LTD. - CL A
SOLEShares548.59K
TypeSH
Market value$34.18M
3.81%
Sole
548.59K
Shared
0.00
None
0.00
STONEX GROUP, INC.
SOLEShares313.24K
TypeSH
Market value$31.61M
3.52%
Sole
313.24K
Shared
0.00
None
0.00
CELLEBRITE DI LTD/ISRAEL
SOLEShares1.70M
TypeSH
Market value$31.51M
3.51%
Sole
1.70M
Shared
0.00
None
0.00
VANGUARD TOTAL STOCK MARKET ETF
SOLEShares92.53K
TypeSH
Market value$30.37M
3.38%
Sole
92.53K
Shared
0.00
None
0.00
RED VIOLET INC
SOLEShares580.71K
TypeSH
Market value$30.34M
3.38%
Sole
580.71K
Shared
0.00
None
0.00
FRANCO-NEVADA CORP
SOLEShares126.25K
TypeSH
Market value$28.14M
3.13%
Sole
126.25K
Shared
0.00
None
0.00
CAVCO INDUSTRIES, INC.
SOLEShares48.02K
TypeSH
Market value$27.89M
3.11%
Sole
48.02K
Shared
0.00
None
0.00
SUPERNUS PHARMACEUTICALS INC.
SOLEShares563.72K
TypeSH
Market value$26.94M
3.00%
Sole
563.72K
Shared
0.00
None
0.00
HEALTHEQUITY, INC.
SOLEShares271.96K
TypeSH
Market value$25.77M
2.87%
Sole
271.96K
Shared
0.00
None
0.00
COSTAR GROUP INC
SOLEShares280.74K
TypeSH
Market value$23.69M
2.64%
Sole
280.74K
Shared
0.00
None
0.00
AXON ENTERPRISE, INC.
SOLEShares29.94K
TypeSH
Market value$21.48M
2.39%
Sole
29.94K
Shared
0.00
None
0.00
EQUINIX INC
SOLEShares24.36K
TypeSH
Market value$19.08M
2.13%
Sole
24.36K
Shared
0.00
None
0.00
COPART INC
SOLEShares420.35K
TypeSH
Market value$18.90M
2.11%
Sole
420.35K
Shared
0.00
None
0.00
ACUITY, INC.
SOLEShares54.64K
TypeSH
Market value$18.82M
2.10%
Sole
54.64K
Shared
0.00
None
0.00
SKYWARD SPECIALTY INSURANCE GROUP
SOLEShares387.97K
TypeSH
Market value$18.45M
2.06%
Sole
387.97K
Shared
0.00
None
0.00
TYLER TECHNOLOGIES, INC
SOLEShares33.10K
TypeSH
Market value$17.32M
1.93%
Sole
33.10K
Shared
0.00
None
0.00
BERKSHIRE HATHAWAY A
SOLEShares22.00
TypeSH
Market value$16.59M
1.85%
Sole
22.00
Shared
0.00
None
0.00
KINSALE CAPITAL GROUP INC.
SOLEShares38.17K
TypeSH
Market value$16.23M
1.81%
Sole
38.17K
Shared
0.00
None
0.00
CYBERARK SOFTWARE LTD/ISRAEL
SOLEShares32.78K
TypeSH
Market value$15.84M
1.76%
Sole
32.78K
Shared
0.00
None
0.00
UFP TECHNOLOGIES, INC.
SOLEShares75.61K
TypeSH
Market value$15.09M
1.68%
Sole
75.61K
Shared
0.00
None
0.00
JFROG LTD
SOLEShares309.41K
TypeSH
Market value$14.64M
1.63%
Sole
309.41K
Shared
0.00
None
0.00
GENEDX HOLDINGS - CL A.
SOLEShares132.46K
TypeSH
Market value$14.27M
1.59%
Sole
132.46K
Shared
0.00
None
0.00
CLEARWATER ANALYTICS HDS - CL A
SOLEShares777.72K
TypeSH
Market value$14.01M
1.56%
Sole
777.72K
Shared
0.00
None
0.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
GLOBALSTAR INC.SOLE | COM | 1.41M | SH | $51.29M 5.71% | 1.41M | 0.00 | 0.00 |
LIGAND PHARMACEUTICALS - CL BSOLE | COM | 244.43K | SH | $43.30M 4.82% | 244.43K | 0.00 | 0.00 |
ODDITY TECH, LTD. - CL ASOLE | COM | 548.59K | SH | $34.18M 3.81% | 548.59K | 0.00 | 0.00 |
STONEX GROUP, INC.SOLE | COM | 313.24K | SH | $31.61M 3.52% | 313.24K | 0.00 | 0.00 |
CELLEBRITE DI LTD/ISRAELSOLE | COM | 1.70M | SH | $31.51M 3.51% | 1.70M | 0.00 | 0.00 |
VANGUARD TOTAL STOCK MARKET ETFSOLE | COM | 92.53K | SH | $30.37M 3.38% | 92.53K | 0.00 | 0.00 |
RED VIOLET INCSOLE | COM | 580.71K | SH | $30.34M 3.38% | 580.71K | 0.00 | 0.00 |
FRANCO-NEVADA CORPSOLE | COM | 126.25K | SH | $28.14M 3.13% | 126.25K | 0.00 | 0.00 |
CAVCO INDUSTRIES, INC.SOLE | COM | 48.02K | SH | $27.89M 3.11% | 48.02K | 0.00 | 0.00 |
SUPERNUS PHARMACEUTICALS INC.SOLE | COM | 563.72K | SH | $26.94M 3.00% | 563.72K | 0.00 | 0.00 |
HEALTHEQUITY, INC.SOLE | COM | 271.96K | SH | $25.77M 2.87% | 271.96K | 0.00 | 0.00 |
COSTAR GROUP INCSOLE | COM | 280.74K | SH | $23.69M 2.64% | 280.74K | 0.00 | 0.00 |
AXON ENTERPRISE, INC.SOLE | COM | 29.94K | SH | $21.48M 2.39% | 29.94K | 0.00 | 0.00 |
EQUINIX INCSOLE | COM | 24.36K | SH | $19.08M 2.13% | 24.36K | 0.00 | 0.00 |
COPART INCSOLE | COM | 420.35K | SH | $18.90M 2.11% | 420.35K | 0.00 | 0.00 |
ACUITY, INC.SOLE | COM | 54.64K | SH | $18.82M 2.10% | 54.64K | 0.00 | 0.00 |
SKYWARD SPECIALTY INSURANCE GROUPSOLE | COM | 387.97K | SH | $18.45M 2.06% | 387.97K | 0.00 | 0.00 |
TYLER TECHNOLOGIES, INCSOLE | COM | 33.10K | SH | $17.32M 1.93% | 33.10K | 0.00 | 0.00 |
BERKSHIRE HATHAWAY ASOLE | COM | 22.00 | SH | $16.59M 1.85% | 22.00 | 0.00 | 0.00 |
KINSALE CAPITAL GROUP INC.SOLE | COM | 38.17K | SH | $16.23M 1.81% | 38.17K | 0.00 | 0.00 |
CYBERARK SOFTWARE LTD/ISRAELSOLE | COM | 32.78K | SH | $15.84M 1.76% | 32.78K | 0.00 | 0.00 |
UFP TECHNOLOGIES, INC.SOLE | COM | 75.61K | SH | $15.09M 1.68% | 75.61K | 0.00 | 0.00 |
JFROG LTDSOLE | COM | 309.41K | SH | $14.64M 1.63% | 309.41K | 0.00 | 0.00 |
GENEDX HOLDINGS - CL A.SOLE | COM | 132.46K | SH | $14.27M 1.59% | 132.46K | 0.00 | 0.00 |
CLEARWATER ANALYTICS HDS - CL ASOLE | COM | 777.72K | SH | $14.01M 1.56% | 777.72K | 0.00 | 0.00 |
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