Q1 2026 13F · SEC CIK 897070

Ashford Capital Management Inc

Asset managerFiled 2026-05-15 for Q1 2026. Open the filing ↗ · All SEC filings ↗

Reported 13F value: $809.2M
Reported positions: 99
Top holdings a year, 3 yrs: +15.1%
Assets under management: $965.8M

Ashford Capital Management Inc is an asset manager that reported 99 positions worth $809.2M in its Q1 2026 13F, filed 2026-05-15. Its largest holdings were Globalstar Inc (GSAT, 7.4%), Ligand Pharmaceuticals Inc (LGND, 5.1%), Stonex Group Inc. (SNEX, 4.7%). A portfolio copying its top holdings returned 15.1% a year over the last 3 years, against 20.4% for the S&P 500.

Ashford Capital Management Inc holdings largest 50 of 99 positions.

Weights are shares of the filer's total reported 13F value, compared with Q4 2025. Share changes may reflect splits; weight changes also reflect price moves. A 13F shows long US-listed positions only, up to 135 days after the fact.

Ashford Capital Management Inc 13F holdings
Stock	% of 13F value	Q4 2025	Shares	Share change	Reported value
GSATGlobalstar Inc	7.4%	6.8%	907,531	-9.2%	$60.3M
LGNDLigand Pharmaceuticals Inc	5.1%	4.5%	207,565	-2.9%	$41.4M
SNEXStonex Group Inc.	4.7%	3.2%	466,630	+56.4%	$37.6M
SUPNSupernus Pharmaceuticals	4.1%	3.4%	645,381	+5.4%	$33.4M
VTIVanguard Index Fds	3.8%	3.5%	95,654	+1.9%	$30.7M
YOUClear Secure Inc	3.2%	1.1%	533,268	+97.5%	$25.8M
CLBTCellebrite Di Ltd	3.0%	3.4%	1,762,937	+5.5%	$24.3M
RDVTRed Violet Inc	2.9%	3.8%	686,816	+13.9%	$23.8M
EQIXEquinix Inc	2.8%	2.0%	23,375	-0.2%	$22.9M
HQYHealthequity Inc	2.8%	2.8%	266,481	-1.9%	$22.3M
UFPTUfp Technologies Inc	2.6%	2.4%	108,010	+11.7%	$20.9M
FNVFranco Nev Corp	2.5%	2.1%	81,621	-9.2%	$20.2M
VOXRVox Royalty Corp	2.3%	1.7%	3,586,900	+13.8%	$18.8M
VICRVicor Corp	2.3%	4.3%	113,535	-67.9%	$18.3M
AYIAcuity Brands Inc	2.2%	2.6%	63,539	-3.3%	$17.8M
LBLandbridge Company LLC	2.1%	—	248,540	—	$17.2M
SKWDSkyward Specialty Ins Group	2.1%	2.2%	390,332	+0.7%	$17.0M
IDCCInterdigital Inc	2.1%	1.0%	55,724	+89.5%	$16.8M
VNOMViper Energy Inc	2.0%	—	342,680	—	$16.1M
BRK-ABerkshire Hathaway Inc Del	2.0%	1.9%	22	+0.0%	$15.8M
INCYIncyte Corp	1.9%	1.5%	165,247	+18.8%	$15.6M
KNSLKinsale Cap Group Inc	1.9%	1.7%	44,360	+16.3%	$15.2M
CVCOCavco Industries Inc	1.7%	1.9%	28,917	+1.8%	$14.0M
FROGJfrog Ltd	1.7%	2.2%	286,118	-7.4%	$13.4M
AXONAxon Enterprise Inc	1.6%	1.8%	30,955	+6.0%	$13.1M
SRADSportradar Group AG	1.5%	1.4%	719,570	+35.7%	$12.0M
WGSGenedx Holdings Corp	1.4%	1.9%	174,512	+31.9%	$11.2M
UNPUnion Pac Corp	1.2%	1.1%	41,345	+0.0%	$10.0M
FEZSpdr Index Shs Fds	1.1%	0.9%	141,178	+14.3%	$8.8M
ODDOddity Tech Ltd	1.1%	3.1%	654,562	-4.6%	$8.8M
BROSDutch Bros Inc	1.0%	1.1%	159,230	+1.9%	$8.1M
FALNIshares Tr	1.0%	0.7%	294,018	+23.0%	$7.9M
TRAKRepositrak, Inc.	1.0%	0.9%	1,014,028	+49.2%	$7.7M
IEURIshares Core Msci Europe	0.9%	0.8%	108,972	+7.0%	$7.7M
TYLTyler Technologies Inc	0.9%	1.6%	21,584	-33.0%	$7.4M
SPYSpdr S&p 500 ETF Tr	0.9%	0.8%	11,169	+0.0%	$7.3M
ABLAbacus Global Mgmt Inc	0.8%	—	864,900	—	$6.8M
GOOGLAlphabet Inc	0.7%	—	20,006	—	$5.8M
VICIVICI Properties Inc	0.7%	0.6%	205,760	+0.0%	$5.6M
FXIIshares China Lrg Cap ETF	0.7%	0.6%	156,078	+12.4%	$5.6M
EPDEnterprise Prods Partners L	0.7%	0.5%	146,610	+1.4%	$5.5M
MSFTMicrosoft Corp	0.7%	1.0%	14,935	-17.5%	$5.5M
PANWPalo Alto Networks Inc	0.7%	—	33,471	—	$5.4M
PRCHPorch Group Inc	0.6%	—	696,180	—	$5.0M
EWZIshares Inc	0.5%	0.5%	108,250	-16.9%	$4.2M
CSGPCostar Group Inc	0.5%	1.9%	102,490	-58.7%	$4.1M
EWWIshares Msci Mexico ETF	0.5%	0.5%	54,297	-11.1%	$4.1M
VRTXVertex Pharmaceuticals Inc	0.5%	—	9,078	—	$4.1M
REMXVaneck ETF Trust	0.5%	—	43,970	—	$3.9M
ETPCEnergy Transfer L P	0.5%	—	195,153	—	$3.8M

What Ashford Capital Management Inc bought and sold in Q1 2026, against Q4 2025.

New positions

Q4 2025's filing was too long to tell new positions apart.

Share counts compared with the Q4 2025 13F; a split also changes share counts. The latest filing lists more than 50 positions, so a position that left the top 50 may still be held.

How the holdings did against the S&P 500.

1 year: +10.8% /yr; S&P 500 +20.1%
3 years: +15.1% /yr; S&P 500 +20.4%
5 years: -0.2% /yr; S&P 500 +11.6%

A portfolio of the filer's 20 largest 13F positions, weighted by value and rebuilt each quarter on the day the filing became public. 13Fs show long US-listed positions only, so this is an estimate of the stock picks, not the fund's reported returns.

Reported 13F value by quarter.

13F value by quarter
Quarter	13F value	Positions
Q1 2026	$809.2M	99
Q4 2025	$897.7M	109
Q3 2025	$897.8M	110
Q2 2025	$851.1M	102
Q1 2025	$775.5M	99
Q4 2024	$847.6M	101
Q3 2024	$801.3M	102
Q2 2024	$740.6M	97
Q1 2024	$739.3M	91
Q4 2023	$746.4M	93
Q3 2023	$679.3M	91
Q2 2023	$715.5M	90

Questions about Ashford Capital Management Inc's portfolio

What stocks does Ashford Capital Management Inc own?

Ashford Capital Management Inc's latest 13F, for Q1 2026 and filed May 15, 2026, lists 99 positions worth $809.2M. The largest are Globalstar Inc (GSAT) at 7.4%, Ligand Pharmaceuticals Inc (LGND) at 5.1%, Stonex Group Inc. (SNEX) at 4.7%, Supernus Pharmaceuticals (SUPN) at 4.1% and Vanguard Index Fds (VTI) at 3.8%.

What did Ashford Capital Management Inc buy last quarter?

In Q1 2026, Ashford Capital Management Inc added Clear Secure Inc (YOU) (+97.5% shares), Interdigital Inc (IDCC) (+89.5% shares) and Stonex Group Inc. (SNEX) (+56.4% shares), compared with its Q4 2025 filing.

What did Ashford Capital Management Inc sell last quarter?

In Q1 2026, Ashford Capital Management Inc cut from its top 50 Epam Sys Inc (CYBR), cut from its top 50 Clearwater Analytics Hldgs I (CWAN), cut from its top 50 Avepoint Inc (AVPT), cut from its top 50 Ncino Inc (NCNO), cut from its top 50 Sentinelone Inc (S), Vicor Corp (VICR) (-67.9% shares), Costar Group Inc (CSGP) (-58.7% shares) and Tyler Technologies Inc (TYL) (-33.0% shares), compared with its Q4 2025 filing.

How has Ashford Capital Management Inc's portfolio performed?

A portfolio copying Ashford Capital Management Inc's 20 largest 13F holdings each quarter, from the day each filing was public, returned +15.1% a year over the last 3 years, against +20.4% for the S&P 500. Over 1 year: +10.8% against +20.1%. Over 5 years: -0.2% a year against +11.6%.

When is Ashford Capital Management Inc's next 13F filing due?

13F filings are due 45 days after each quarter ends. Ashford Capital Management Inc's filing for the quarter ending Jun 30, 2026 was due by Aug 14, 2026; this page updates once it is processed.

How much money does Ashford Capital Management Inc manage?

Ashford Capital Management Inc reported $965.8M of regulatory assets under management on its latest SEC Form ADV. Its 13F, which covers only US-listed stocks and options, totals $809.2M.