Latest ASHFORD CAPITAL MANAGEMENT INC Stock Portfolio

ASHFORD CAPITAL MANAGEMENT INC Performance:

2025 Q3: 5.08%YTD: 11.21%2024: 14.09%

Performance for 2025 Q3 is 5.08%, and YTD is 11.21%, and 2024 is 14.09%.

About ASHFORD CAPITAL MANAGEMENT INC and 13F Hedge Fund Stock Holdings

In it's latest 13F Holdings report, ASHFORD CAPITAL MANAGEMENT INC reported an equity portfolio of $897.8 Millions as of 30 Sep, 2025.

The top stock holdings of ASHFORD CAPITAL MANAGEMENT INC are GSAT, LGND, . The fund has invested 5.7% of it's portfolio in GLOBALSTAR INC. and 4.8% of portfolio in LIGAND PHARMACEUTICALS - CL B.

The fund managers got completely rid off GOOSEHEAD INSURANCE INC-CL A (GSHD), NV5 GLOBAL, INC. (NVEE) and MEDTRONIC INC. (MDT) stocks. They significantly reduced their stock positions in MARKETAXESS HOLDINGS INC (MKTX), PROGRESSIVE CORP/THE (PGR) and ATLAS ENERGY SOLUTIONS, INC.. ASHFORD CAPITAL MANAGEMENT INC opened new stock positions in VOX ROYALTY CORP., PORCH GROUP INC (PRCH) and DUTCH BROS INC. (BROS). The fund showed a lot of confidence in some stocks as they added substantially to TERADYNE INC. (TER), BIO-TECHNE CORP (TECH) and PURE STORAGE (PSTG).

ASHFORD CAPITAL MANAGEMENT INC Annual Return Estimates Vs S&P 500

Our best estimate is that ASHFORD CAPITAL MANAGEMENT INC made a return of 5.08% in the last quarter. In trailing 12 months, it's portfolio return was 16.21%.

New Buys

Ticker	$ Bought
vox royalty corp.	10,996,800
via transportation, inc. - cl a	8,877,970
porch group inc	8,866,220
dutch bros inc.	8,447,150
ishares fallen angels usd bond etf	3,855,670
ishares russell 2000 growth index fund	2,808,030
modine manufacturing co	2,362,130
the travelers companies	2,167,860

New stocks bought by ASHFORD CAPITAL MANAGEMENT INC

Additions

Ticker	% Inc.
teradyne inc.	105
bio-techne corp	99.84
pure storage	63.85
danaher corporation	62.66
merck & co	45.32
ishares bitcoin trust	42.86
cellebrite di ltd/israel	34.34
shopify, inc. - class a	30.00

Additions to existing portfolio by ASHFORD CAPITAL MANAGEMENT INC

Reductions

Ticker	% Reduced
marketaxess holdings inc	-74.26
progressive corp/the	-56.95
atlas energy solutions, inc.	-40.27
ishares gold trust	-31.13
cyberark software ltd/israel	-30.55
vanguard reit etf	-25.84
genedx holdings - cl a.	-22.78
franklin senior loan etf	-22.00

ASHFORD CAPITAL MANAGEMENT INC reduced stake in above stock

Sold off

Ticker	$ Sold
powerfleet, inc.	-344,800
nv5 global, inc.	-1,787,400
goosehead insurance inc-cl a	-2,918,200
medtronic inc.	-1,466,550
dell technologies - class c	-797,268
equifax, inc.	-1,417,720
adobe systems	-1,308,040

ASHFORD CAPITAL MANAGEMENT INC got rid off the above stocks

Sector Distribution

ASHFORD CAPITAL MANAGEMENT INC has about 30.3% of it's holdings in Others sector.

Sector	%
Others	30.3
Technology	19.7
Healthcare	15.5
Industrials	7.9
Communication Services	6.6
Financial Services	6.3
Real Estate	5.5
Consumer Cyclical	4.8
	1.7
Energy	1.5

Market Cap. Distribution

ASHFORD CAPITAL MANAGEMENT INC has about 25.2% of it's portfolio invested in the large-cap and mega-cap stocks.

Category	%
UNALLOCATED	30.3
MID-CAP	26.4
LARGE-CAP	22.2
SMALL-CAP	16.8
MEGA-CAP	3
MICRO-CAP	1.3

Stocks belong to which Index?

About 52% of the stocks held by ASHFORD CAPITAL MANAGEMENT INC either belong to S&P 500 or RUSSELL 2000 index.

Index	%
Others	48
RUSSELL 2000	31.4
S&P 500	20.6

Top 5 Winners (%)		%
BUZZ	vaneck rare earth & metals etf	61.5 %
GLW	corning inc	56.0 %
JOBY	joby aviation - class a	53.0 %
GSAT	globalstar inc.	53.0 %
SUPN	supernus pharmaceuticals inc.	51.1 %

Top 5 Winners ($)		$
GSAT	globalstar inc.	17.8 M
LGND	ligand pharmaceuticals - cl b	17.4 M
SUPN	supernus pharmaceuticals inc.	9.3 M
	franco-nevada corp	7.8 M
CVCO	cavco industries, inc.	7.5 M

Top 5 Losers (%)		%
TTD	the trade desk - cl a	-31.6 %
MORN	morningstar inc	-25.2 %
PCYG	repositrak, inc.	-24.3 %
AVPT	avepoint, inc.	-21.6 %
UFPT	ufp technologies, inc.	-17.8 %

Top 5 Losers ($)		$
	oddity tech, ltd. - cl a	-7.3 M
	skyward specialty insurance group	-4.1 M
TTD	the trade desk - cl a	-4.0 M
PCYG	repositrak, inc.	-3.9 M
AXON	axon enterprise, inc.	-3.7 M

ASHFORD CAPITAL MANAGEMENT INC Holdings Map

This heatmap illustrates the top 50 positions within the fund's portfolio.

Current Stock Holdings of ASHFORD CAPITAL MANAGEMENT INC

ASHFORD CAPITAL MANAGEMENT INC has 110 stocks in it's portfolio. About 37.4% of the portfolio is in top 10 stocks. proved to be the most loss making stock for the portfolio. GSAT was the most profitable stock for ASHFORD CAPITAL MANAGEMENT INC last quarter.

Last Reported on: 14 Nov, 2025

Ticker	Namesorted ascending	% Portfolio	Shares Held	$ Value	Type	% Change
AAPL	apple, inc.	0.09	3,015	767,709	unchanged	0.00

ACGL	arch capital group ltd	0.23	22,673	2,057,120	added	7.16

ACWF	ishares core msci europe etf	0.77	101,849	6,937,950	reduced	-0.11

ACWV	ishares msci mexico etf	0.44	57,392	3,914,710	added	2.51

ACWV	ishares msci brazil	0.43	124,272	3,852,430	reduced	-5.28

ADBE	adobe systems	0.00	0.00	0.00	sold off	-100

AFRM	affirm holdings - cl a.	0.19	23,603	1,724,910	reduced	-1.26

AGNG	global x nasdaq 100 covered call etf	0.02	10,000	170,100	unchanged	0.00

AGT	ishares fallen angels usd bond etf	0.43	138,793	3,855,670	new

AMLX	amplify cybersecurity etf	0.32	33,489	2,906,840	added	27.09

AMZN	amazon	0.16	6,700	1,471,120	unchanged	0.00

AUR	aurora innovation, inc.	0.03	52,500	282,975	reduced	-7.89

AVGO	broadcom inc	0.11	3,100	1,022,720	unchanged	0.00

AVPT	avepoint, inc.	1.34	803,369	12,058,600	added	8.57

AXON	axon enterprise, inc.	2.39	29,936	21,483,300	reduced	-19.97

AYI	acuity, inc.	2.10	54,637	18,816,400	reduced	-3.26

BMNR	bitmine immersion tech.	0.02	4,000	207,720	new

BROS	dutch bros inc.	0.94	161,390	8,447,150	new

BUYZ	franklin senior loan etf	0.98	364,498	8,755,240	reduced	-22.00

BUZZ	vaneck rare earth & metals etf	0.48	64,745	4,261,520	reduced	-2.36