Q4 2025 · 13F-HR
ASHFORD CAPITAL MANAGEMENT INCholdings as filed
Filed 2026-02-17 · accession 0000897070-26-000003
$897.7M
Reported value
109
Positions
2025-12-31
Period end
The Brief · ASHFORD CAPITAL MANAGEMENT INC · Q4 2025
AI · grounded in 13F
ASHFORD CAPITAL MANAGEMENT INC established a new position in SRAD with an investment of $12.6M. The fund also opened new stakes in YOU for $9.5M and IDCC for $9.4M. On the sell side, the fund closed its position in FLBL, resulting in a $8.8M reduction. Other notable moves include trimming shares of CPRT by 63.1% and CVCO by 40.8%.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 378973507 | GSAT | GLOBALSTAR INC. | $61.0M | 6.79% | 998,995 | Common | SOLE |
| 53220K504 | LGND | LIGAND PHARMACEUTICALS - CL B | $40.4M | 4.50% | 213,778 | Common | SOLE |
| 925815102 | VICR | VICOR CORP | $38.8M | 4.32% | 353,856 | Common | SOLE |
| 75704L104 | RDVT | RED VIOLET INC | $34.3M | 3.82% | 602,818 | Common | SOLE |
| 922908769 | VTI | VANGUARD TOTAL STOCK MARKET ETF | $31.5M | 3.50% | 93,827 | Common | SOLE |
| 868459108 | SUPN | SUPERNUS PHARMACEUTICALS INC. | $30.4M | 3.39% | 612,538 | Common | SOLE |
| M2197Q107 | CLBT | CELLEBRITE DI LTD/ISRAEL | $30.1M | 3.36% | 1,670,845 | Common | SOLE |
| 861896108 | SNEX | STONEX GROUP, INC. | $28.4M | 3.16% | 298,329 | Common | SOLE |
| M7518J104 | ODD | ODDITY TECH, LTD. - CL A | $27.6M | 3.07% | 685,972 | Common | SOLE |
| 42226A107 | HQY | HEALTHEQUITY, INC. | $24.9M | 2.77% | 271,723 | Common | SOLE |
| 00508Y102 | AYI | ACUITY, INC. | $23.7M | 2.64% | 65,722 | Common | SOLE |
| 902673102 | UFPT | UFP TECHNOLOGIES, INC. | $21.5M | 2.39% | 96,660 | Common | SOLE |
| 830940102 | SKWD | SKYWARD SPECIALTY INSURANCE GROUP | $19.8M | 2.21% | 387,702 | Common | SOLE |
| M6191J100 | FROG | JFROG LTD | $19.3M | 2.15% | 309,118 | Common | SOLE |
| 351858105 | FNV | FRANCO-NEVADA CORP | $18.6M | 2.07% | 89,857 | Common | SOLE |
| 29444U700 | EQIX | EQUINIX INC | $17.9M | 2.00% | 23,424 | Common | SOLE |
| 81663L200 | WGS | GENEDX HOLDINGS - CL A. | $17.2M | 1.92% | 132,326 | Common | SOLE |
| 149568107 | CVCO | CAVCO INDUSTRIES, INC. | $16.8M | 1.87% | 28,412 | Common | SOLE |
| 22160N109 | CSGP | COSTAR GROUP INC | $16.7M | 1.86% | 247,959 | Common | SOLE |
| 084670108 | BRK/A | BERKSHIRE HATHAWAY A | $16.6M | 1.85% | 22 | Common | SOLE |
| 05464C101 | AXON | AXON ENTERPRISE, INC. | $16.6M | 1.85% | 29,199 | Common | SOLE |
| 92919F103 | VOXR | VOX ROYALTY CORP. | $14.9M | 1.66% | 3,152,370 | Common | SOLE |
| 49714P108 | KNSL | KINSALE CAPITAL GROUP INC. | $14.9M | 1.66% | 38,145 | Common | SOLE |
| 902252105 | TYL | TYLER TECHNOLOGIES, INC | $14.6M | 1.63% | 32,193 | Common | SOLE |
| M2682V108 | CYBR | CYBERARK SOFTWARE LTD/ISRAEL | $14.4M | 1.60% | 32,294 | Common | SOLE |
| 45337C102 | INCY | INCYTE CORP | $13.7M | 1.53% | 139,080 | Common | SOLE |
| H8088L103 | SRAD | SPORTRADAR GROUP AG | $12.6M | 1.40% | 530,280 | Common | SOLE |
| 185123106 | CWAN | CLEARWATER ANALYTICS HDS - CL A | $12.3M | 1.38% | 511,779 | Common | SOLE |
| 053604104 | AVPT | AVEPOINT, INC. | $11.2M | 1.24% | 802,819 | Common | SOLE |
| 63947X101 | NCNO | NCINO, INC. | $10.4M | 1.16% | 406,307 | Common | SOLE |
| 26701L100 | BROS | DUTCH BROS INC. | $9.6M | 1.07% | 156,280 | Common | SOLE |
| 907818108 | UNP | UNION PACIFIC CORP | $9.6M | 1.07% | 41,345 | Common | SOLE |
| 18467V109 | YOU | CLEAR SECURE, INC. -CLASS A | $9.5M | 1.06% | 270,050 | Common | SOLE |
| 45867G101 | IDCC | INTERDIGITAL INC. | $9.4M | 1.04% | 29,408 | Common | SOLE |
| 81730H109 | S | SENTINELONE, INC. - CLASS A | $9.0M | 1.01% | 601,830 | Common | SOLE |
| 594918104 | MSFT | MICROSOFT CORPORATION | $8.8M | 0.98% | 18,109 | Common | SOLE |
| 700215304 | TRAK | REPOSITRAK, INC. | $8.4M | 0.94% | 679,581 | Common | SOLE |
| 78463X202 | FEZ | SPDR EURO STOXX 50 FUND | $8.0M | 0.89% | 123,501 | Common | SOLE |
| 78462F103 | SPY | SPDR S&P 500 ETF TRUST | $7.6M | 0.85% | 11,169 | Common | SOLE |
| 46434V738 | IEUR | ISHARES CORE MSCI EUROPE ETF | $7.2M | 0.81% | 101,876 | Common | SOLE |
| 46435G474 | FALN | ISHARES FALLEN ANGELS USD BOND ETF | $6.5M | 0.73% | 239,038 | Common | SOLE |
| 217204106 | CPRT | COPART INC | $6.1M | 0.68% | 154,989 | Common | SOLE |
| 925652109 | VICI | VICI PROPERTIES | $5.8M | 0.64% | 205,760 | Common | SOLE |
| 92556W104 | VIA | VIA TRANSPORTATION, INC. - CL A | $5.5M | 0.62% | 190,660 | Common | SOLE |
| 464287184 | FXI | ISHARES CHINA LARGE-CAP ETF | $5.3M | 0.59% | 138,817 | Common | SOLE |
| 293792107 | EPD | ENTERPRISE PRODUCTS PARTNERS | $4.6M | 0.52% | 144,610 | Common | SOLE |
| 88339J105 | TTD | THE TRADE DESK - CL A | $4.4M | 0.49% | 114,876 | Common | SOLE |
| 464286822 | EWW | ISHARES MSCI MEXICO ETF | $4.2M | 0.47% | 61,060 | Common | SOLE |
| 464286400 | EWZ | ISHARES MSCI BRAZIL | $4.1M | 0.46% | 130,280 | Common | SOLE |
| 46120E602 | ISRG | INTUITIVE SURGICAL, INC. | $4.0M | 0.45% | 7,143 | Common | SOLE |
| 30303M102 | META | FACEBOOK INC - A | $4.0M | 0.44% | 6,005 | Common | SOLE |
| 880770102 | TER | TERADYNE INC. | $3.8M | 0.43% | 19,856 | Common | SOLE |
| 464287648 | IWO | ISHARES RUSSELL 2000 GROWTH INDEX FUND | $3.8M | 0.43% | 11,862 | Common | SOLE |
| 92189H805 | REMX | VANECK RARE EARTH & METALS ETF | $3.8M | 0.42% | 51,593 | Common | SOLE |
| 92532F100 | VRTX | VERTEX PHARMACEUTICALS INC. | $3.7M | 0.42% | 8,245 | Common | SOLE |
| 733245104 | PRCH | PORCH GROUP INC | $3.7M | 0.41% | 404,670 | Common | SOLE |
| 02079K305 | GOOGL | ALPHABET INC. CLASS A | $3.6M | 0.40% | 11,381 | Common | SOLE |
| 084670702 | BRK/B | BERKSHIRE HATHAWAY B | $3.6M | 0.40% | 7,071 | Common | SOLE |
| 29273V100 | ET | ENERGY TRANSFER LP | $3.0M | 0.34% | 184,623 | Common | SOLE |
| 776696106 | ROP | ROPER TECHNOLOGIES, INC | $3.0M | 0.33% | 6,670 | Common | SOLE |
| 58933Y105 | MRK | MERCK & CO | $2.8M | 0.32% | 26,983 | Common | SOLE |
| 78467V608 | SRLN | SPDR BLACKSTONE SENIOR LOAN ETF | $2.7M | 0.30% | 65,943 | Common | SOLE |
| 032108664 | HACK | AMPLIFY CYBERSECURITY ETF | $2.7M | 0.30% | 33,401 | Common | SOLE |
| 87256C101 | TKO | TKO GROUP HOLDINGS, INC. | $2.6M | 0.29% | 12,297 | Common | SOLE |
| 235851102 | DHR | DANAHER CORPORATION | $2.3M | 0.25% | 9,919 | Common | SOLE |
| 89417E109 | TRV | THE TRAVELERS COMPANIES | $2.3M | 0.25% | 7,764 | Common | SOLE |
| 09073M104 | TECH | BIO-TECHNE CORP | $2.2M | 0.25% | 37,905 | Common | SOLE |
| 30231G102 | XOM | EXXON MOBIL CORP | $2.2M | 0.25% | 18,436 | Common | SOLE |
| 36117T100 | FURY | FURY GOLD MINES LTD | $2.2M | 0.24% | 3,650,015 | Common | SOLE |
| 90364P105 | PATH | UIPATH, INC. - CLASS A | $2.1M | 0.23% | 125,474 | Common | SOLE |
| 49456B101 | KMI | KINDER MORGAN HOLDCO LLC | $2.0M | 0.22% | 71,708 | Common | SOLE |
| 607828100 | MOD | MODINE MANUFACTURING CO | $2.0M | 0.22% | 14,736 | Common | SOLE |
| 75524B104 | RBC | RBC BEARINGS INC. | $2.0M | 0.22% | 4,382 | Common | SOLE |
| 58733R102 | MELI | MERCADO LIBRE | $1.9M | 0.21% | 955 | Common | SOLE |
| 74624M102 | P | PURE STORAGE, INC. | $1.6M | 0.18% | 24,568 | Common | SOLE |
| 023135106 | AMZN | AMAZON | $1.5M | 0.17% | 6,700 | Common | SOLE |
| 642045108 | AESI | ATLAS ENERGY SOLUTIONS, INC. | $1.5M | 0.17% | 162,630 | Common | SOLE |
| 92345Y106 | VRSK | VERISK ANALYTICS INC - CLASS A | $1.5M | 0.16% | 6,564 | Common | SOLE |
| 68389X105 | ORCL | ORACLE CORPORATION | $1.3M | 0.15% | 6,828 | Common | SOLE |
| 14149Y108 | CAH | CARDINAL HEALTH | $1.3M | 0.14% | 6,087 | Common | SOLE |
| 931142103 | WMT | WAL-MART STORES INC | $1.1M | 0.12% | 9,681 | Common | SOLE |
| 11135F101 | AVGO | BROADCOM INC | $899,860 | 0.10% | 2,600 | Common | SOLE |
| 037833100 | AAPL | APPLE, INC. | $787,035 | 0.09% | 2,895 | Common | SOLE |
| 36465A109 | GGN | GAMCO GLOBAL GOLD NATURAL RESOURCES AND INCOME TRU | $753,360 | 0.08% | 146,000 | Common | SOLE |
| 82509L107 | SHOP | SHOPIFY, INC. - CLASS A | $753,340 | 0.08% | 4,680 | Common | SOLE |
| 191216100 | KO | COCA-COLA CO | $704,343 | 0.08% | 10,075 | Common | SOLE |
| 219350105 | GLW | CORNING INC | $537,268 | 0.06% | 6,136 | Common | SOLE |
| 00827B106 | AFRM | AFFIRM HOLDINGS - CL A. | $504,263 | 0.06% | 6,775 | Common | SOLE |
| 617446448 | MS | MORGAN STANLEY | $495,309 | 0.06% | 2,790 | Common | SOLE |
| 166764100 | CVX | CHEVRON CORPORATION | $456,620 | 0.05% | 2,996 | Common | SOLE |
| 02079K107 | GOOG | ALPHABET INC - CL C | $439,320 | 0.05% | 1,400 | Common | SOLE |
| 771049103 | RBLX | ROBLOX CORP. - CL A | $422,166 | 0.05% | 5,210 | Common | SOLE |
| 57060D108 | MKTX | MARKETAXESS HOLDINGS INC | $362,500 | 0.04% | 2,000 | Common | SOLE |
| 532457108 | LLY | ELI LILLY & COMPANY | $361,092 | 0.04% | 336 | Common | SOLE |
| 459200101 | IBM | INTERNATIONAL BUSINESS MACHINES CORP | $354,267 | 0.04% | 1,196 | Common | SOLE |
| 478160104 | JNJ | JOHNSON & JOHNSON | $351,815 | 0.04% | 1,700 | Common | SOLE |
| 600551204 | MLR | MILLER INDUSTRIES RSUS | $340,814 | 0.04% | 9,120 | Common | SOLE |
| 464287614 | IWF | ISHARES RUSSELL 1000 GROWTH INDEX FUND | $331,783 | 0.04% | 701 | Common | SOLE |
| 76134H101 | RHLD | RESOLUTE HOLDINGS MANAGEMENT | $260,308 | 0.03% | 1,261 | Common | SOLE |
| 15101Q207 | CLS | CELESTICA | $257,181 | 0.03% | 870 | Common | SOLE |
| N90064101 | QURE | UNIQURE NV | $239,300 | 0.03% | 10,000 | Common | SOLE |
| 464285204 | IAU | ISHARES GOLD TRUST | $231,335 | 0.03% | 2,850 | Common | SOLE |
| 92852X103 | VTS | VITESSE ENERGY INC. | $230,157 | 0.03% | 11,950 | Common | SOLE |
| 00206R102 | T | AT&T | $217,847 | 0.02% | 8,770 | Common | SOLE |
| 92537N108 | VRT | VERTIV HOLDINGS CO. | $210,613 | 0.02% | 1,300 | Common | SOLE |
| 46435G334 | EWU | ISHARES MSCI UNITED KINGDOM ETF | $203,364 | 0.02% | 4,624 | Common | SOLE |
| 46090E103 | QQQ | INVESCO QQQ TRUST SERIES 1 | $201,494 | 0.02% | 328 | Common | SOLE |
| 37954Y483 | QYLD | GLOBAL X NASDAQ 100 COVERED CALL ETF | $176,700 | 0.02% | 10,000 | Common | SOLE |
| 051774107 | AUR | AURORA INNOVATION, INC. | $109,440 | 0.01% | 28,500 | Common | SOLE |
Source: SEC EDGAR · raw 13F holdings as filed. The Class column shows the option type when reported (Put/Call) or Common when the issuer's equity is held directly. 13F discloses long positions only.