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ASHFORD CAPITAL MANAGEMENT INC

Q2 2025 · Filed 2025-08-18
Market Value
$808M
+8.6%
Holdings
107
-1
New Purchases
9
Added To
26
Closed
6
Reduced
46
Top 10 Concentration
35.6%
Turnover
14.0%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
UFPT 2.14% 0.00% +2.14% $17M
FLBL 1.40% 0.00% +1.40% $11M
NCNO 1.28% 0.00% +1.28% $10M
AXON 3.83% 2.62% +1.21% $31M
WGS 1.96% 1.12% +0.84% $16M
TRAK 1.93% 1.11% +0.81% $16M
RDVT 3.61% 2.96% +0.65% $29M
FXI 0.49% 0.00% +0.49% $4M
CWAN 2.48% 2.01% +0.47% $20M
HQY 3.62% 3.26% +0.36% $29M
FROG 1.74% 1.39% +0.35% $14M
REMX 0.33% 0.00% +0.33% $3M
TTD 1.53% 1.25% +0.28% $12M
CYBR 2.38% 2.16% +0.22% $19M
VTI 3.52% 3.31% +0.21% $28M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
BKLN 0.00% 1.50% -1.50% $0
AESI 1.84% 2.79% -0.95% $15M
CVCO 2.95% 3.87% -0.92% $24M
NVEE 0.22% 1.11% -0.89% $2M
CLBT 2.50% 3.23% -0.73% $20M
CPRT 2.63% 3.25% -0.62% $21M
QQQ 0.00% 0.55% -0.55% $0
QTRX 0.00% 0.38% -0.38% $0
BRK-A 1.98% 2.36% -0.38% $16M
SNEX 4.07% 4.42% -0.34% $33M
FNV 2.80% 3.13% -0.33% $23M
VNQ 0.51% 0.83% -0.32% $4M
INCY 1.23% 1.50% -0.27% $10M
S 1.91% 2.18% -0.26% $15M
SUPN 2.24% 2.49% -0.25% $18M

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 21 $80M 9.9%
Large Cap 43 $288M 35.6%
Mid Cap 27 $306M 37.9%
Small Cap 13 $117M 14.4%
Micro Cap 3 $17M 2.1%

Portfolio Analytics

Avg Market Cap
$327.7B
Median Market Cap
$20.6B
Avg P/E
41.2
Median P/E
28.2
Avg Dividend Yield
0.01%
Avg Beta
1.01
# Stocks
87
# ETFs / Funds
20

Top Holdings (107 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 LGND 4.25% 302,527 $34M $113.68 $3M +4,492 +1.5%
2 SNEX 4.07% 361,432 $33M $91.14 $48K -69,221 -16.1%
3 GSAT 3.95% 1,357,618 $32M $23.55 $3M -23,774 -1.7%
4 AXON 3.83% 37,406 $31M $827.94 $11M +256 +0.7%
5 HQY 3.62% 279,404 $29M $104.76 $5M +4,405 +1.6%
6 RDVT 3.61% 593,514 $29M $49.20 $7M +7,610 +1.3%
7 VTI 3.52% 93,592 $28M $303.93 $4M +3,937 +4.4%
8 CVCO 2.95% 54,973 $24M $434.43 -$5M -492 -0.9%
9 SKWD 2.90% 406,032 $23M $57.79 $179K -33,984 -7.7%
10 CSGP 2.89% 291,103 $23M $80.40 $684K +4,333 +1.5%
11 FNV 2.80% 138,078 $23M $163.92 -$679K -9,886 -6.7%
12 CPRT 2.63% 433,576 $21M $49.07 -$3M +5,342 +1.2%
13 CLBT 2.50% 1,265,670 $20M $16.00 -$4M +27,830 +2.2%
14 CWAN 2.48% 915,444 $20M $21.93 $5M +357,035 +63.9%
15 TYL 2.47% 33,684 $20M $592.84 $545K +274 +0.8%
16 EQIX 2.42% 24,599 $20M $795.47 -$319K +209 +0.9%
17 KNSL 2.40% 40,130 $19M $483.90 $320K +890 +2.3%
18 CYBR 2.38% 47,203 $19M $406.88 $3M -362 -0.8%
19 SUPN 2.24% 574,372 $18M $31.52 -$451K +7,816 +1.4%
20 UFPT 2.14% 70,790 $17M $244.16 +70,790 NEW
21 AYI 2.08% 56,477 $17M $298.34 -$126K -7,983 -12.4%
22 BRK-A 1.98% 22 $16M $728,800.00 -$2M
23 WGS 1.96% 171,526 $16M $92.31 $7M +77,310 +82.1%
24 TRAK 1.93% 792,154 $16M $19.65 $7M +383,283 +93.7%
25 S 1.91% 845,743 $15M $18.28 -$736K -45,141 -5.1%
26 AESI 1.84% 1,113,535 $15M $13.37 -$6M -51,240 -4.4%
27 AVPT 1.77% 739,930 $14M $19.31 $1M -148,910 -16.8%
28 FROG 1.74% 319,798 $14M $43.88 $4M -2,882 -0.9%
29 TTD 1.53% 172,040 $12M $71.99 $3M +1,810 +1.1%
30 FLBL 1.40% 467,284 $11M $24.23 +467,284 NEW
31 VICR 1.30% 231,462 $10M $45.36 -$637K -6,583 -2.8%
32 NCNO 1.28% 369,140 $10M $27.97 +369,140 NEW
33 INCY 1.23% 146,400 $10M $68.10 -$1M -38,210 -20.7%
34 UNP 1.18% 41,345 $10M $230.08 -$255K
35 MSFT 1.11% 18,015 $9M $497.41 $2M -217 -1.2%
36 FEZ 0.93% 125,338 $7M $59.73 -$399K -19,595 -13.5%
37 SPY 0.85% 11,169 $7M $617.85 $646K -12 -0.1%
38 IEUR 0.83% 101,959 $7M $66.20 $498K -1,981 -1.9%
39 VICI 0.83% 205,760 $7M $32.60 -$4K
40 EPD 0.64% 166,570 $5M $31.01 -$521K
41 META 0.55% 6,005 $4M $738.09 -$385K -2,353 -28.1%
42 ET 0.52% 230,803 $4M $18.13 -$106K
43 VNQ 0.51% 46,184 $4M $89.06 -$2M -22,078 -32.3%
44 ROP 0.51% 7,204 $4M $566.84 $15K +304 +4.4%
45 FXI 0.49% 108,664 $4M $36.76 +108,664 NEW
46 EWZ 0.47% 131,200 $4M $28.85 -$332K -28,064 -17.6%
47 BRK-B 0.45% 7,526 $4M $485.77 -$111K +453 +6.4%
48 VRTX 0.42% 7,707 $3M $445.20 -$540K -485 -5.9%
49 EWW 0.42% 55,988 $3M $60.56 -$700K -24,281 -30.2%
50 GSHD 0.36% 27,658 $3M $105.51 -$385K -319 -1.1%
51 MELI 0.35% 1,079 $3M $2,613.63 $731K +8 +0.8%
52 REMX 0.33% 66,313 $3M $40.58 +66,313 NEW
53 SPGI 0.29% 4,386 $2M $527.29 $250K +326 +8.0%
54 TKO 0.28% 12,527 $2M $181.95 $365K
55 HACK 0.28% 26,350 $2M $86.37 $1M +10,197 +63.1%
56 ISRG 0.25% 3,781 $2M $543.41 $458K +558 +17.3%
57 CAH 0.25% 12,076 $2M $168.00 $141K -1,623 -11.8%
58 XOM 0.25% 18,436 $2M $107.80 -$205K
59 KMI 0.24% 66,086 $2M $29.40 $366K +10,818 +19.6%
60 ACGL 0.24% 21,158 $2M $91.05 $182K +3,017 +16.6%
61 MORN 0.24% 6,059 $2M $313.93 $285K +666 +12.3%
62 GOOGL 0.23% 10,730 $2M $176.23 $232K
63 FURY 0.22% 3,650,015 $2M $0.49 $347K
64 NVEE 0.22% 77,410 $2M $23.09 -$6M -350,340 -81.9%
65 MKTX 0.21% 7,771 $2M $223.34 $42K -59 -0.8%
66 AFRM 0.20% 23,903 $2M $69.14 $510K -1,390 -5.5%
67 AMZN 0.18% 6,700 $1M $219.39 $176K -100 -1.5%
68 MDT 0.18% 16,824 $1M $87.17 -$259K -2,379 -12.4%
69 MRK 0.18% 18,362 $1M $79.16 -$437K -2,705 -12.8%
70 EFX 0.18% 5,466 $1M $259.37 -$102K -773 -12.4%
71 ADBE 0.16% 3,381 $1M $386.88 -$171K -475 -12.3%
72 DHR 0.15% 6,098 $1M $197.54 -$223K -866 -12.4%
73 P 0.15% 20,609 $1M $57.58 $146K -2,897 -12.3%
74 TER 0.12% 11,069 $995K $89.92 -$48K -1,566 -12.4%
75 TECH 0.12% 18,968 $976K $51.45 -$294K -2,690 -12.4%
76 WMT 0.12% 9,711 $950K $97.78 $87K -119 -1.2%
77 AVGO 0.11% 3,100 $855K $275.65 +3,100 NEW
78 DELL 0.10% 6,503 $797K $122.60 -$541K -8,176 -55.7%
79 KO 0.09% 10,075 $713K $70.75 -$35K -367 -3.5%
80 PGR 0.08% 2,474 $660K $266.86 -$40K
81 GGN 0.08% 146,000 $641K $4.39 $3K
82 AAPL 0.08% 3,015 $619K $205.17 -$142K -408 -11.9%
83 RBLX 0.07% 5,210 $548K $105.20 $244K
84 CVX 0.05% 2,996 $429K $143.19 -$72K
85 SHOP 0.05% 3,600 $415K $115.35 $72K
86 MLR 0.05% 9,120 $405K $44.46 $19K
87 VTS 0.05% 17,830 $394K $22.09 -$45K
88 MS 0.05% 2,670 $376K $140.86 -$115K -1,540 -36.6%
89 IBM 0.04% 1,196 $353K $294.78 $36K -76 -6.0%
90 PWFL 0.04% 80,000 $345K $4.31 -$361K -48,571 -37.8%
91 GLW 0.04% 6,136 $323K $52.59 $42K
92 AUR 0.04% 57,000 $299K $5.24 $43K +19,000 +50.0%
93 IWF 0.04% 701 $298K $424.58 -$48K -257 -26.8%
94 LLY 0.03% 336 $262K $779.53 -$30K -17 -4.8%
95 JNJ 0.03% 1,700 $260K $152.75 -$22K
96 IAU 0.03% 4,138 $258K $62.36 -$131K -2,463 -37.3%
97 T 0.03% 8,770 $254K $28.94 $6K
98 GOOG 0.03% 1,400 $248K $177.39 $30K
99 IBIT 0.03% 3,500 $214K $61.21 +3,500 NEW
100 JOBY 0.03% 20,000 $211K $10.55 +20,000 NEW

New Positions

SymbolValue% Port
UFPT $17M 2.14%
FLBL $11M 1.40%
NCNO $10M 1.28%
FXI $4M 0.49%
REMX $3M 0.33%
AVGO $855K 0.11%
IBIT $214K 0.03%
JOBY $211K 0.03%
QYLD $167K 0.02%

Sold Out Positions

SymbolValue% Port
GPGI —%
QTRX —%
BKLN —%
QQQ —%
XYLD —%
EWU —%
View SEC EDGAR Filings for ASHFORD CAPITAL MANAGEMENT INC →

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms