ASHFORD CAPITAL MANAGEMENT INC

All Holdings — 2025 Q4

AI Portfolio Summary
In 2025 Q4, ASHFORD CAPITAL MANAGEMENT INC maintained a portfolio of 120 distinct positions. The most significant new addition to the portfolio was SPORTRADAR GROUP AG, which now represents 1.40% of the total fund value. They heavily accumulated shares in VICOR CORP, increasing their position by 57.1%. The fund also reduced its exposure to COPART INC by 63.1%.
PCA Score Concentration Risk
Risk ENB
Total Positions
120
Quarter
2025 Q4
Top Holding
GSAT (6.8%)
Top 10 Concentration
38.7%
Turnover Rate
23.4%
Sector HHI
0.18
Items per page:
Showing 1-50 of 120
Stock History Sector / Type Port % Prev % Rank / Prev Conviction Change % Change Influence Shares Mkt Value Avg Cost Price Held 1st Owned Source Source Date Date Reported
GSAT
GLOBALSTAR INC.
Communication Services 6.79% 5.71% #1
Prev: #1
4.7 -410,326 -29.1%
P
S
998,995 $60,978,655 2025 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
LGND
LIGAND PHARMACE...
Healthcare 4.50% 4.82% #2
Prev: #2
3.8 -30,652 -12.5%
P
S
213,778 $40,419,006 2011 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
VICR
VICOR CORP
Technology 4.32% 1.25% #3 28
Prev: #31
5.7 128,664 57.1%
P
S
353,856 $38,782,618 2010 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
RDVT
RED VIOLET INC
Technology 3.82% 3.38% #4 3
Prev: #7
2.5 22,110 3.8%
P
S
602,818 $34,330,485 2021 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
VTI
VANGUARD TOTAL ...
ETF 3.50% 3.38% #5 1
Prev: #6
2.4 1,293 1.4%
P
S
93,827 $31,457,378 2015 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
SUPN
SUPERNUS PHARMA...
Healthcare 3.39% 3.00% #6 4
Prev: #10
3.4 48,820 8.7%
P
S
612,538 $30,443,139 2014 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
CLBT
CELLEBRITE DI L...
Technology 3.36% 3.51% #7 2
Prev: #5
1.8 -29,440 -1.7%
P
S
1,670,845 $30,125,335 2023 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
SNEX
STONEX GROUP, I...
Financial Services 3.16% 3.52% #8 4
Prev: #4
1.8 -14,915 -4.8%
P
S
298,329 $28,380,038 2023 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
ODD
ODDITY TECH, LT...
Consumer Defensive 3.07% 3.81% #9 6
Prev: #3
3.7 137,380 25.0%
P
S
685,972 $27,562,355 2023 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
HQY
HEALTHEQUITY, I...
Healthcare 2.77% 2.87% #10 1
Prev: #11
1.6 -240 -0.1%
P
S
271,723 $24,892,544 2018 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
AYI
ACUITY, INC.
Industrials 2.64% 2.10% #11 5
Prev: #16
3.6 11,085 20.3%
P
S
65,722 $23,662,549 2024 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
UFPT
UFP TECHNOLOGIE...
Healthcare 2.39% 1.68% #12 10
Prev: #22
3.5 21,050 27.8%
P
S
96,660 $21,461,420 2025 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
SKWD
SKYWARD SPECIAL...
Financial Services 2.21% 2.06% #13 4
Prev: #17
1.4 -270 -0.1%
P
S
387,702 $19,815,449 2023 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
FROG
JFROG LTD
Technology 2.15% 1.63% #14 9
Prev: #23
1.4 -290 -0.1%
P
S
309,118 $19,307,510 2021 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
FNV
FRANCO-NEVADA C...
Basic Materials 2.07% 3.13% #15 7
Prev: #8
0.8 -36,395 -28.8%
P
S
89,857 $18,625,559 1999 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
EQIX
EQUINIX INC
Real Estate 2.00% 2.13% #16 2
Prev: #14
1.3 -935 -3.8%
P
S
23,424 $17,946,532 2003 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
WGS
GENEDX HOLDINGS...
Healthcare 1.92% 1.59% #17 7
Prev: #24
1.3 -130 -0.1%
P
S
132,326 $17,210,320 2025 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
CVCO
CAVCO INDUSTRIE...
Consumer Cyclical 1.87% 3.11% #18 9
Prev: #9
0.7 -19,607 -40.8%
P
S
28,412 $16,784,105 2017 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
CSGP
COSTAR GROUP IN...
Real Estate 1.86% 2.64% #19 7
Prev: #12
1.2 -32,779 -11.7%
P
S
247,959 $16,672,763 1999 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
BRK/A
BERKSHIRE HATHA...
Financial Services 1.85% 1.85% #20 1
Prev: #19
1.7 no change no change
P
S
22 $16,605,600 1999 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
AXON
AXON ENTERPRISE...
Industrials 1.85% 2.39% #21 8
Prev: #13
1.2 -737 -2.5%
P
S
29,199 $16,582,988 2017 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
VOXR
VOX ROYALTY COR...
Basic Materials 1.66% 1.22% #22 10
Prev: #32
3.2 594,970 23.3%
P
S
3,152,370 $14,942,234 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
KNSL
KINSALE CAPITAL...
Financial Services 1.66% 1.81% #23 3
Prev: #20
1.2 -30 -0.1%
P
S
38,145 $14,919,272 2020 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
TYL
TYLER TECHNOLOG...
Technology 1.63% 1.93% #24 6
Prev: #18
1.2 -905 -2.7%
P
S
32,193 $14,614,012 2009 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
CYBR
CYBERARK SOFTWA...
Technology 1.60% 1.76% #25 4
Prev: #21
1.1 -490 -1.5%
P
S
32,294 $14,405,062 2023 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
INCY
INCYTE CORP
Healthcare 1.53% 1.27% #26 3
Prev: #29
1.1 4,860 3.6%
P
S
139,080 $13,736,932 2012 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
SRAD
SPORTRADAR GROU...
Technology 1.40% #27
Prev: #—
4.1 530,280 no change
NEW
530,280 $12,604,756 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
CWAN
CLEARWATER ANAL...
Technology 1.38% 1.56% #28 3
Prev: #25
0.6 -265,940 -34.2%
P
S
511,779 $12,344,109 2024 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
AVPT
AVEPOINT, INC.
Technology 1.24% 1.34% #29 1
Prev: #28
1.0 -550 -0.1%
P
S
802,819 $11,151,156 2024 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
NCNO
NCINO, INC.
Technology 1.16% 1.25% #30
Prev: #30
1.0 -6,950 -1.7%
P
S
406,307 $10,417,711 2025 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
BROS
DUTCH BROS INC.
Consumer Cyclical 1.07% 0.94% #31 8
Prev: #39
0.9 -5,110 -3.2%
P
S
156,280 $9,567,462 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
UNP
UNION PACIFIC C...
Industrials 1.07% 1.09% #32 1
Prev: #33
1.4 no change no change
P
S
41,345 $9,563,925 1999 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
YOU
CLEAR SECURE, I...
Technology 1.06% #33
Prev: #—
3.9 270,050 no change
NEW
270,050 $9,473,354 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
IDCC
INTERDIGITAL IN...
Technology 1.04% #34
Prev: #—
3.9 29,408 no change
NEW
29,408 $9,362,919 2011 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
S
SENTINELONE, IN...
Technology 1.01% 1.40% #35 9
Prev: #26
0.9 -111,317 -15.6%
P
S
601,830 $9,027,450 2024 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
MSFT
MICROSOFT CORPO...
Technology 0.98% 1.04% #36 2
Prev: #34
0.9 100 0.6%
P
S
18,109 $8,757,875 1999 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
TRAK
REPOSITRAK, INC...
Technology 0.94% 1.35% #37 10
Prev: #27
0.9 -135,627 -16.6%
P
S
679,581 $8,406,417 2025 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
FEZ
SPDR EURO STOXX...
Unknown 0.89% 0.86% #38 2
Prev: #40
0.9 -332 -0.3%
P
S
123,501 $7,952,229 2014 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
SPY
SPDR S&P 500 ET...
ETF 0.85% 0.83% #39 3
Prev: #42
1.3 no change no change
P
S
11,169 $7,616,364 2011 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
IEUR
ISHARES CORE MS...
ETF 0.81% 0.77% #40 3
Prev: #43
0.8 27 0.0%
P
S
101,876 $7,231,158 2020 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
FALN
ISHARES FALLEN ...
ETF 0.73% 0.43% #41 9
Prev: #50
3.3 100,245 72.2%
P
S
239,038 $6,525,737 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
CPRT
COPART INC
Industrials 0.68% 2.11% #42 27
Prev: #15
0.3 -265,360 -63.1%
P
S
154,989 $6,067,819 1999 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
VICI
VICI PROPERTIES
Real Estate 0.64% 0.73% #43 1
Prev: #44
0.8 5,300 2.6%
P
S
205,760 $5,785,971 2021 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
VIA
VIA TRANSPORTAT...
Technology 0.62% 0.99% #44 9
Prev: #35
0.7 6,010 3.3%
P
S
190,660 $5,531,047 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
FXI
ISHARES CHINA L...
ETF 0.59% 0.53% #45 1
Prev: #46
2.2 22,705 19.6%
P
S
138,817 $5,315,303 2025 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
EPD
ENTERPRISE PROD...
Energy 0.52% 0.57% #46 1
Prev: #45
0.7 -19,460 -11.9%
P
S
144,610 $4,636,197 2020 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
TTD
THE TRADE DESK ...
Communication Services 0.49% 0.97% #47 9
Prev: #38
0.2 -62,353 -35.2%
P
S
114,876 $4,360,693 2017 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
EWW
ISHARES MSCI ME...
ETF 0.47% 0.44% #48 1
Prev: #49
2.2 3,668 6.4%
P
S
61,060 $4,233,290 2024 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
EWZ
ISHARES MSCI BR...
ETF 0.46% 0.43% #49 2
Prev: #51
0.7 6,008 4.8%
P
S
130,280 $4,138,996 2024 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
ISRG
INTUITIVE SURGI...
Healthcare 0.45% 0.21% #50 25
Prev: #75
3.2 2,920 69.1%
P
S
7,143 $4,045,509 2024 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
Showing 1-50 of 120 holdings

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