ASHFORD CAPITAL MANAGEMENT INC
Sector Allocation
- Technology30.9%$288.5M
- Healthcare17.1%$159.5M
- Financials14.8%$137.8M
- Other10.0%$93.2M
- Industrials7.2%$67.0M
- Energy5.1%$48.0M
- Communication Services4.9%$45.3M
- Materials4.0%$36.9M
- Real Estate3.3%$30.9M
- Consumer Discretionary1.8%$16.4M
AUM History
13fpro.ai/research/fund/ashford-capital-management-inc-897070
Conviction and streaks
Diversifying · top 10 = 36.4%From the fund's last 12 quarters of 13F filings: positions held longest at size, and names it added to or trimmed several quarters running.
Largest positions — Q2 2026
LGND
$53.8MGSAT
$41.4MRDVT
$36.7M- VANGUARD$35.9M
SNEX
$32.7MSUPN
$28.5MVICR
$28.5MAYI
$27.9MUFPT
$27.8MYOU
$26.7MCLBT
$26.0MFROG
$24.7MEQIX
$23.2MHQY
$22.9MSKWD
$21.5MIDCC
$21.2MINCY
$20.7MLB
$18.6MVNOM
$18.1MABX
$17.9M
Top 20 stock positions. Options are left out: 13F reports them at the underlying's value.
13fpro.ai/research/fund/ashford-capital-management-inc-897070
ASHFORD CAPITAL MANAGEMENT INC 13F holdings — Q2 2026
$932.6M portfolio (+15.3% QoQ) · 107 holdings · Q2 2026 13F · top 10 are 36% of the stock portfolio
$53.8M
5.8% of stocks
-18%This quarter+7.7%Since filed7+ qtrsHeld$41.4M
4.4% of stocks
-44%This quarter+0.6%Since filed7+ qtrsHeldAIQuality53.0#1,431Est. buyEstimated buy price is Pro: unlock with a free trialTrimmed 3 qtrs in a row$36.7M
3.9% of stocks
-16%This quarter+12.6%Since filed7+ qtrsHeld- 4
VANGUARD TOTAL STOCK MARKET ETF - COM
$35.9M
3.9% of stocks
+1%This quarter—Since filed—HeldAIQuality—Est. buy— $32.7M
3.5% of stocks
-41%This quarter-18.6%Since filed7+ qtrsHeld$28.5M
3.1% of stocks
-5%This quarter-11.1%Since filed7+ qtrsHeld$28.5M
3.0% of stocks
-34%This quarter-2.9%Since filed7+ qtrsHeldAIQualityAI quality score is Pro: unlock with a free trialEst. buyEstimated buy price is Pro: unlock with a free trialTrimmed 2 qtrs in a row$27.9M
3.0% of stocks
+16%This quarter-7.1%Since filed7+ qtrsHeld$27.8M
3.0% of stocks
-3%This quarter-5.8%Since filed5 qtrsHeld$26.7M
2.9% of stocks
-10%This quarter+6.4%Since filed3 qtrsHeld
All holdings — ASHFORD CAPITAL MANAGEMENT INC (Q2 2026)
107 disclosed positions from the Form 13F-HR on SEC EDGAR, with quarter-over-quarter share changes. Largest by value first; the ten above are not repeated.
| # | Company | Held | Source | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 11 | Cellebrite DI Ltd. | Technology | $26.0M | 2.8% | 1.78M | +0.9% | 7+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 12 | JFrog Ltd | Technology | $24.7M | 2.6% | 272K | -5% | 7+ qtrsTrimmed 2 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 13 | EQUINIX INC | Real Estate | $23.2M | 2.5% | 22K | -5% | 7+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 14 | HEALTHEQUITY, INC. | Industrials | $22.9M | 2.5% | 253K | -5% | 7+ qtrsTrimmed 2 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 15 | Skyward Specialty Insurance Group, Inc. | Financials | $21.5M | 2.3% | 368K | -6% | 7+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 16 | InterDigital, Inc. | Technology | $21.2M | 2.3% | 75K | +35% | 3 qtrsAdded 3 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 17 | INCYTE CORP | Healthcare | $20.7M | 2.2% | 182K | +10% | 7+ qtrsAdded 3 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 18 | LandBridge Corp | Financials | $18.6M | 2.0% | 235K | -6% | 2 qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 19 | Viper Energy, Inc. | Energy | $18.1M | 1.9% | 426K | +24% | 2 qtrsAdded 2 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 20 | Abacus Global Management, Inc. | Financials | $17.9M | 1.9% | 1.67M | +93% | 2 qtrsAdded 2 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 21 | AXON ENTERPRISE, INC. | Industrials | $16.5M | 1.8% | 30K | -5% | 7+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 22 | BERKSHIRE HATHAWAY INC | Financials | $16.5M | 1.8% | 22 | — | 7+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 23 | FRANCO NEVADA Corp | Materials | $16.1M | 1.7% | 77K | -5% | 7+ qtrsTrimmed 6 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 24 | VOX ROYALTY CORP. | Materials | $16.0M | 1.7% | 3.39M | -5% | 4 qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 25 | Porch Group, Inc. | Technology | $14.7M | 1.6% | 976K | +40% | 4 qtrsAdded 2 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 26 | $WGS | GeneDx Holdings Corp. | Healthcare | $13.9M | 1.5% | 202K | +16% | |||
| 27 | $AESI | Atlas Energy Solutions Inc. | Energy | $12.7M | 1.4% | 762K | +369% | |||
| 28 | $KNSL | Kinsale Capital Group, Inc. | Financials | $11.4M | 1.2% | 34K | -22% | |||
| 29 | $UNP | UNION PACIFIC CORP | Industrials | $11.2M | 1.2% | 41K | — | |||
| 30 | $BROS | Dutch Bros Inc. | Consumer Discretionary | $10.8M | 1.2% | 151K | -5% | |||
| 31 | $PANW | Palo Alto Networks Inc | Technology | $10.6M | 1.1% | 31K | -7% | |||
| 32 | $SRAD | Sportradar Group AG | Technology | $10.6M | 1.1% | 706K | -2% | |||
| 33 | $QMCO | QUANTUM CORP /DE/ | Technology | $10.6M | 1.1% | 1.04M | New | |||
| 34 | $STT | STATE STREET CORP | Financials | $8.9M | 0.9% | 129K | -9% | |||
| 35 | — | ISHARES 0-3 MONTH TREASURY BOND ETF - COM | — | $8.9M | 0.9% | 88K | New | |||
| 36 | $GOOGL | Alphabet Inc. | Technology | $8.5M | 0.9% | 24K | +18% | |||
| 37 | $CVCO | CAVCO INDUSTRIES, INC. | Industrials | $8.4M | 0.9% | 14K | -53% | |||
| 38 | $SPY | SPDR S&P 500 ETF TRUST | — | $8.1M | 0.9% | 11K | -3% | |||
| 39 | — | ISHARES CORE MSCI EUROPE ETF - COM | — | $7.8M | 0.8% | 104K | -5% | |||
| 40 | $TRAK | ReposiTrak, Inc. | Technology | $6.9M | 0.7% | 769K | -24% | |||
| 41 | $TRNS | TRANSCAT INC | Technology | $6.8M | 0.7% | 74K | New | |||
| 42 | $ODD | Oddity Tech Ltd | Consumer Staples | $6.2M | 0.7% | 412K | -37% | |||
| 43 | $PSTL | Postal Realty Trust, Inc. | Real Estate | $6.1M | 0.7% | 249K | New | |||
| 44 | $ET | Energy Transfer LP | Energy | $6.0M | 0.7% | 315K | +61% | |||
| 45 | $TYL | TYLER TECHNOLOGIES INC | Technology | $5.9M | 0.6% | 20K | -7% | |||
| 46 | $MSFT | MICROSOFT CORP | Technology | $5.6M | 0.6% | 15K | — | |||
| 47 | $EPD | ENTERPRISE PRODUCTS PARTNERS L.P. | Energy | $5.4M | 0.6% | 147K | — | |||
| 48 | — | ISHARES ULTRA SHORT DURATION BOND ETF - COM | — | $5.2M | 0.6% | 104K | New | |||
| 49 | $TER | TERADYNE, INC | Technology | $5.1M | 0.5% | 10K | -10% | |||
| 50 | $VRTX | VERTEX PHARMACEUTICALS INC / MA | Healthcare | $4.5M | 0.5% | 9,078 | — | |||
| 51 | $BRK.B | BERKSHIRE HATHAWAY INC | Financials | $3.7M | 0.4% | 7,461 | -3% | |||
| 52 | — | VANECK RARE EARTH & METALS ETF - COM | — | $3.4M | 0.4% | 39K | -12% | |||
| 53 | — | ISHARES MSCI MEXICO ETF - COM | — | $3.4M | 0.4% | 45K | -16% | |||
| 54 | — | ISHARES MSCI BRAZIL - COM | — | $3.4M | 0.4% | 98K | -9% | |||
| 55 | — | AMPLIFY CYBERSECURITY ETF - COM | — | $3.4M | 0.4% | 32K | -14% | |||
| 56 | $ISRG | INTUITIVE SURGICAL INC | Healthcare | $3.1M | 0.3% | 7,727 | -0.6% | |||
| 57 | — | ISHARES RUSSELL 2000 GROWTH INDEX FUND - COM | — | $3.1M | 0.3% | 7,798 | -34% | |||
| 58 | $TRV | TRAVELERS COMPANIES, INC. | Financials | $2.9M | 0.3% | 8,833 | — | |||
| 59 | $ADMA | ADMA BIOLOGICS, INC. | Healthcare | $2.8M | 0.3% | 337K | -7% | |||
| 60 | $RBC | RBC Bearings INC | Industrials | $2.8M | 0.3% | 4,382 | — | |||
| 61 | $KMI | KINDER MORGAN, INC. | Energy | $2.8M | 0.3% | 87K | — | |||
| 62 | — | ISHARES CHINA LARGE-CAP ETF - COM | — | $2.8M | 0.3% | 88K | -44% | |||
| 63 | $TWLO | TWILIO INC | Technology | $2.7M | 0.3% | 13K | New | |||
| 64 | — | EVERPURE, INC. - COM | — | $2.7M | 0.3% | 34K | — | |||
| 65 | $XOM.R34088 | EXXON MOBIL CORP | Energy | $2.5M | 0.3% | 18K | — | |||
| 66 | $CSGP | COSTAR GROUP, INC. | Industrials | $2.5M | 0.3% | 88K | -14% | |||
| 67 | $MS | MORGAN STANLEY | Financials | $2.5M | 0.3% | 12K | +159% | |||
| 68 | $GLW | CORNING INC /NY | Materials | $2.4M | 0.3% | 9,496 | +55% | |||
| 69 | $META | Meta Platforms, Inc. | Technology | $2.3M | 0.3% | 4,106 | -30% | |||
| 70 | $TKO | TKO Group Holdings, Inc. | Communication Services | $2.2M | 0.2% | 11K | -10% | |||
| 71 | $TXT | TEXTRON INC | Industrials | $2.1M | 0.2% | 23K | New | |||
| 72 | $MELI | MERCADOLIBRE INC | Consumer Discretionary | $2.0M | 0.2% | 1,205 | -7% | |||
| 73 | $FURY | FURY GOLD MINES LTD | Materials | $2.0M | 0.2% | 3.73M | — | |||
| 74 | $DHR | DANAHER CORP /DE/ | Healthcare | $1.9M | 0.2% | 10K | — | |||
| 75 | $CPRT | COPART INC | Consumer Discretionary | $1.9M | 0.2% | 67K | -5% | |||
| 76 | — | ISHARES CHINA MSCI ETF - COM | — | $1.8M | 0.2% | 36K | New | |||
| 77 | $PATH | UiPath, Inc. | Technology | $1.7M | 0.2% | 157K | — | |||
| 78 | — | SPDR BLACKSTONE SENIOR LOAN ETF - COM | — | $1.7M | 0.2% | 42K | New | |||
| 79 | $VZ | VERIZON COMMUNICATIONS INC | Communication Services | $1.7M | 0.2% | 40K | +34% | |||
| 80 | $MRK | Merck & Co., Inc. | Healthcare | $1.7M | 0.2% | 13K | — | |||
| 81 | $AMZN | AMAZON COM INC | Consumer Discretionary | $1.6M | 0.2% | 6,700 | — | |||
| 82 | $KO | COCA COLA CO | Consumer Staples | $1.6M | 0.2% | 20K | +94% | |||
| 83 | $VICI | VICI PROPERTIES INC. | Real Estate | $1.5M | 0.2% | 57K | -73% | |||
| 84 | $IVZ | Invesco Ltd. | Financials | $1.2M | 0.1% | 61K | New | |||
| 85 | $WMT | Walmart Inc. | Consumer Staples | $1.1M | 0.1% | 10K | +5% | |||
| 86 | $AAPL | Apple Inc. | Technology | $838K | 0.1% | 2,895 | — | |||
| 87 | $GGN | GAMCO Global Gold, Natural Resources & Income Trust | — | $707K | 0.1% | 146K | — | |||
| 88 | $AVGO | Broadcom Inc. | Technology | $578K | 0.1% | 1,530 | -8% | |||
| 89 | $KOPN | KOPIN CORP | Technology | $528K | 0.1% | 118K | New | |||
| 90 | $CVX | CHEVRON CORP | Energy | $500K | 0.1% | 3,015 | +0.6% | |||
| 91 | $GOOG | Alphabet Inc. | Technology | $495K | 0.1% | 1,400 | — | |||
| 92 | $MLR | MILLER INDUSTRIES INC /TN/ | Industrials | $466K | 0.1% | 9,120 | — | |||
| 93 | $VRT | Vertiv Holdings Co | Technology | $435K | 0.1% | 1,300 | — | |||
| 94 | $JNJ | JOHNSON & JOHNSON | Healthcare | $432K | 0.1% | 1,700 | — | |||
| 95 | $SHOP | SHOPIFY INC. | Technology | $411K | 0.0% | 3,600 | -13% | |||
| 96 | $DDOG | Datadog, Inc. | Technology | $383K | 0.0% | 1,472 | New | |||
| 97 | — | GLOBAL X NASDAQ 100 COVERED CALL ETF - COM | — | $369K | 0.0% | 20K | +100% | |||
| 98 | $LLY | ELI LILLY & Co | Healthcare | $366K | 0.0% | 305 | -4% | |||
| 99 | $IBM | INTERNATIONAL BUSINESS MACHINES CORP | Technology | $348K | 0.0% | 1,236 | +3% | |||
| 100 | $AUR | Aurora Innovation, Inc. | Technology | $341K | 0.0% | 50K | +75% | |||
| 101 | $MP | MP Materials Corp. / DE | Materials | $336K | 0.0% | 6,000 | New | |||
| 102 | — | ISHARES MSCI UNITED KINGDOM ETF - COM | — | $316K | 0.0% | 6,843 | — | |||
| 103 | $RBLX | Roblox Corp | Technology | $283K | 0.0% | 5,210 | — | |||
| 104 | $QQQ | INVESCO QQQ TRUST, SERIES 1 | — | $249K | 0.0% | 338 | New | |||
| 105 | $CRDO | Credo Technology Group Holding Ltd | Technology | $235K | 0.0% | 865 | New | |||
| 106 | $NVDA | NVIDIA CORP | Technology | $200K | 0.0% | 1,000 | New | |||
| 107 | $CAG | CONAGRA BRANDS INC. | Consumer Staples | $178K | 0.0% | 13K | New |
What changed in Q2 2026
Against the previous quarter's 13F: 17 new, 21 added to, 46 trimmed, 9 sold out. Share-count changes; largest moves by dollar size first.
New positions (17)
$QMCOQUANTUM CORP /DE/$10.6M
first bought this quarter
- ISHARES 0-3 MONTH TREASURY BOND ETF - COM$8.9M
first bought this quarter
$TRNSTRANSCAT INC$6.8M
first bought this quarter
$PSTLPostal Realty Trust, Inc.$6.1M
first bought this quarter
- ISHARES ULTRA SHORT DURATION BOND ETF - COM$5.2M
first bought this quarter
$TWLOTWILIO INC$2.7M
first bought this quarter
+11 more in the Excel export
Added to (21)
$AESIAtlas Energy Solutions Inc.+369%
now $12.7M · held 7+ qtrs
now $17.9M · held 2 qtrs, 2 adds in a row
now $21.2M · held 3 qtrs, 3 adds in a row
$PRCHPorch Group, Inc.+40%
now $14.7M · held 4 qtrs, 2 adds in a row
now $27.9M · held 7+ qtrs
now $18.1M · held 2 qtrs, 2 adds in a row
+15 more in the Excel export
Trimmed (46)
now $41.4M · held 7+ qtrs, 3 trims in a row
now $32.7M · held 7+ qtrs
now $28.5M · held 7+ qtrs, 2 trims in a row
now $53.8M · held 7+ qtrs, 4 trims in a row
$CVCOCAVCO INDUSTRIES, INC.-53%
now $8.4M · held 7+ qtrs
now $36.7M · held 7+ qtrs
+40 more in the Excel export
Holdings by quarter
Every 13F ASHFORD CAPITAL MANAGEMENT INC has filed, 40 earlier quarters. Pick one to see what it held then.
Is it too late to follow ASHFORD CAPITAL MANAGEMENT?
Q2 2026 13F filed with the SEC on Aug 21, 2026. Prices are closing prices as of Oct 26, 2026.
Average quality of ASHFORD CAPITAL MANAGEMENT's top 20 holdings: 65/100 (our AI quality score, weighted by position size; 18 of the 20 are scored)
Top 10 since filing
-0.0%
Value-weighted move of the 10 largest stock positions
Turnover
11%
Last quarter; 42% over the last 4
Top 10 weight
36%
Share of the stock portfolio in its 10 largest positions
Held 4+ quarters
81%
Share of portfolio value in positions held a year or more
Highest-quality names it owns(among its 100 largest positions)
The 8 highest-scoring companies in this portfolio are a Pro feature.
How these are measured
- Moves since the quarter-end and since the filing date use our own daily closing prices, from the close on (or just before) each date to the latest close.
- Turnover is the lesser of shares bought or sold in a quarter, valued at the quarter-end prices in the 13F, divided by the average of the two quarters' stock portfolio values.
- Quarters held and add/trim streaks count back only through quarters whose filed holdings add up to the filing's own cover-page total (back to Q4 2024 for this fund). A change counts as an add or a trim when the split-adjusted share count moves by more than 1%.
- Estimate, not the fund's reported cost. For each quarter in the current holding period in which the fund's share count rose (split-adjusted), we take that quarter's average daily close and weight it by the shares added; sales do not change an average cost. Quarters where the stock's price history and the 13F's own implied price disagree by more than 2x are left out.
- Put and call option rows report the value of the underlying shares, not a position the fund paid for, so they are left out of all of the above.
Portfolio Overview
ASHFORD CAPITAL MANAGEMENT INC disclosed 107 positions worth $932.6M in its Form 13F-HR for Q2 2026, led by $LGND (LIGAND PHARMACEUTICALS INC) at 5.8% of the equity portfolio, followed by $GSAT and $RDVT. During the quarter the fund opened 17 new positions and exited 9 — including a new stake in $QMCO. The portfolio is most concentrated in Technology (30.9% of disclosed assets). All figures are sourced directly from ASHFORD CAPITAL MANAGEMENT INC’s Form 13F-HR filing with the SEC under CIK 897070.
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AI-Powered Hedge Fund Analysis: ASHFORD CAPITAL MANAGEMENT INC
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Every holding in ASHFORD CAPITAL MANAGEMENT INC's portfolio is scored on an AI quality ranking built from its SEC filings (ROIC, FCF margin, revenue growth, institutional flow, earnings quality, shareholder dilution, and more). Track accumulation and distribution quarter over quarter, identify conviction positions, and see AI stock analysis for each position — alongside 8,700+ other institutional filers and 2,800+ AI-ranked companies.