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ASHFORD CAPITAL MANAGEMENT INC

Q3 2025 · Filed 2025-11-14
Market Value
$864M
+6.8%
Holdings
116
+9
New Purchases
15
Added To
24
Closed
7
Reduced
43
Top 10 Concentration
37.9%
Turnover
19.0%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
GSAT 5.94% 3.95% +1.98% $51M
VOXCF 1.27% 0.00% +1.27% $11M
CLBT 3.65% 2.50% +1.14% $32M
VIA 1.03% 0.00% +1.03% $9M
PRCH 1.03% 0.00% +1.03% $9M
BROS 0.98% 0.00% +0.98% $8M
SUPN 3.12% 2.24% +0.88% $27M
LGND 5.01% 4.25% +0.76% $43M
FNV 3.26% 2.80% +0.46% $28M
FALN 0.45% 0.00% +0.45% $4M
IWO 0.33% 0.00% +0.33% $3M
CVCO 3.23% 2.95% +0.28% $28M
MOD 0.27% 0.00% +0.27% $2M
TRV 0.25% 0.00% +0.25% $2M
TER 0.36% 0.12% +0.24% $3M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
AXON 2.49% 3.83% -1.34% $21M
AESI 0.88% 1.84% -0.97% $8M
CWAN 1.62% 2.48% -0.86% $14M
SKWD 2.14% 2.90% -0.77% $18M
HQY 2.98% 3.62% -0.64% $26M
CYBR 1.83% 2.38% -0.54% $16M
TRAK 1.40% 1.93% -0.53% $12M
TTD 1.01% 1.53% -0.53% $9M
KNSL 1.88% 2.40% -0.52% $16M
TYL 2.01% 2.47% -0.46% $17M
S 1.45% 1.91% -0.46% $13M
CPRT 2.19% 2.63% -0.44% $19M
SNEX 3.66% 4.07% -0.41% $32M
UFPT 1.75% 2.14% -0.39% $15M
FLBL 1.01% 1.40% -0.39% $9M

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 20 $85M 9.9%
Large Cap 52 $301M 34.9%
Mid Cap 24 $326M 37.7%
Small Cap 16 $126M 14.5%
Micro Cap 4 $26M 3.0%

Portfolio Analytics

Avg Market Cap
$301.2B
Median Market Cap
$19.6B
Avg P/E
42.4
Median P/E
28.5
Avg Dividend Yield
0.01%
Avg Beta
1.08
# Stocks
98
# ETFs / Funds
18

Top Holdings (116 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 GSAT 5.94% 1,409,321 $51M $36.39 $19M +51,703 +3.8%
2 LGND 5.01% 244,430 $43M $177.14 $9M -58,097 -19.2%
3 SNEX 3.66% 313,244 $32M $100.92 -$1M -48,188 -13.3%
4 CLBT 3.65% 1,700,285 $32M $18.53 $11M +434,615 +34.3%
5 VTI 3.52% 92,534 $30M $328.17 $2M -1,058 -1.1%
6 RDVT 3.51% 580,708 $30M $52.25 $1M -12,806 -2.2%
7 FNV 3.26% 126,252 $28M $222.91 $6M -11,826 -8.6%
8 CVCO 3.23% 48,019 $28M $580.73 $4M -6,954 -12.7%
9 SUPN 3.12% 563,718 $27M $47.79 $9M -10,654 -1.9%
10 HQY 2.98% 271,963 $26M $94.77 -$3M -7,441 -2.7%
11 CSGP 2.74% 280,738 $24M $84.37 $281K -10,365 -3.6%
12 AXON 2.49% 29,936 $21M $717.64 -$9M -7,470 -20.0%
13 EQIX 2.21% 24,359 $19M $783.24 -$489K -240 -1.0%
14 CPRT 2.19% 420,349 $19M $44.97 -$2M -13,227 -3.0%
15 AYI 2.18% 54,637 $19M $344.39 $2M -1,840 -3.3%
16 SKWD 2.14% 387,972 $18M $47.56 -$5M -18,060 -4.5%
17 TYL 2.01% 33,098 $17M $523.16 -$3M -586 -1.7%
18 BRK-A 1.92% 22 $17M $754,200.00 $559K
19 KNSL 1.88% 38,175 $16M $425.26 -$3M -1,955 -4.9%
20 CYBR 1.83% 32,784 $16M $483.15 -$3M -14,419 -30.6%
21 UFPT 1.75% 75,610 $15M $199.60 -$2M +4,820 +6.8%
22 FROG 1.70% 309,408 $15M $47.33 $612K -10,390 -3.2%
23 WGS 1.65% 132,456 $14M $107.74 -$2M -39,070 -22.8%
24 CWAN 1.62% 777,719 $14M $18.02 -$6M -137,725 -15.0%
25 S 1.45% 713,147 $13M $17.61 -$3M -132,596 -15.7%
26 TRAK 1.40% 815,208 $12M $14.82 -$3M +23,054 +2.9%
27 AVPT 1.40% 803,369 $12M $15.01 -$2M +63,439 +8.6%
28 INCY 1.32% 134,220 $11M $84.81 $1M -12,180 -8.3%
29 NCNO 1.30% 413,257 $11M $27.11 $879K +44,117 +11.9%
30 VICR 1.30% 225,192 $11M $49.72 $697K -6,270 -2.7%
31 VOXCF 1.27% 2,557,400 $11M $4.30 +2,557,400 NEW
32 UNP 1.13% 41,345 $10M $236.37 $260K
33 MSFT 1.08% 18,009 $9M $517.95 $367K -6 -0.0%
34 VIA 1.03% 184,650 $9M $48.08 +184,650 NEW
35 PRCH 1.03% 528,380 $9M $16.78 +528,380 NEW
36 FLBL 1.01% 364,498 $9M $24.02 -$3M -102,786 -22.0%
37 TTD 1.01% 177,229 $9M $49.01 -$4M +5,189 +3.0%
38 BROS 0.98% 161,390 $8M $52.34 +161,390 NEW
39 FEZ 0.89% 123,833 $8M $62.12 $206K -1,505 -1.2%
40 AESI 0.88% 665,135 $8M $11.37 -$7M -448,400 -40.3%
41 SPY 0.86% 11,169 $7M $666.18 $540K
42 IEUR 0.80% 101,849 $7M $68.12 $188K -110 -0.1%
43 VICI 0.76% 200,460 $7M $32.61 -$171K -5,300 -2.6%
44 EPD 0.59% 164,070 $5M $31.27 -$35K -2,500 -1.5%
45 FXI 0.55% 116,112 $5M $41.14 $782K +7,448 +6.8%
46 META 0.51% 6,005 $4M $734.38 -$22K
47 REMX 0.49% 64,745 $4M $65.82 $2M -1,568 -2.4%
48 EWW 0.45% 57,392 $4M $68.21 $524K +1,404 +2.5%
49 FALN 0.45% 138,793 $4M $27.78 +138,793 NEW
50 EWZ 0.45% 124,272 $4M $31.00 $67K -6,928 -5.3%
51 ET 0.43% 217,103 $4M $17.16 -$459K -13,700 -5.9%
52 ROP 0.42% 7,316 $4M $498.69 -$435K +112 +1.6%
53 BRK-B 0.41% 7,121 $4M $502.74 -$76K -405 -5.4%
54 VRTX 0.37% 8,245 $3M $391.64 -$202K +538 +7.0%
55 VNQ 0.36% 34,252 $3M $91.42 -$982K -11,932 -25.8%
56 TER 0.36% 22,736 $3M $137.64 $2M +11,667 +105.4%
57 HACK 0.34% 33,489 $3M $86.80 $631K +7,139 +27.1%
58 P 0.33% 33,768 $3M $83.81 $2M +13,159 +63.9%
59 IWO 0.33% 8,774 $3M $320.04 +8,774 NEW
60 TKO 0.29% 12,527 $3M $201.96 $251K
61 FURY 0.28% 3,650,015 $2M $0.65 $595K
62 MOD 0.27% 16,616 $2M $142.16 +16,616 NEW
63 GOOGL 0.27% 9,676 $2M $243.10 $461K -1,054 -9.8%
64 MRK 0.26% 26,683 $2M $83.93 $786K +8,321 +45.3%
65 MELI 0.26% 955 $2M $2,336.94 -$588K -124 -11.5%
66 TRV 0.25% 7,764 $2M $279.22 +7,764 NEW
67 TECH 0.24% 37,905 $2M $55.63 $1M +18,937 +99.8%
68 XOM 0.24% 18,436 $2M $112.75 $91K
69 ACGL 0.24% 22,673 $2M $90.73 $131K +1,515 +7.2%
70 KMI 0.24% 71,708 $2M $28.31 $87K +5,622 +8.5%
71 CAH 0.23% 12,717 $2M $156.96 -$33K +641 +5.3%
72 SPGI 0.23% 4,043 $2M $486.71 -$345K -343 -7.8%
73 DHR 0.23% 9,919 $2M $198.26 $762K +3,821 +62.7%
74 ISRG 0.22% 4,223 $2M $447.23 -$166K +442 +11.7%
75 AFRM 0.20% 23,603 $2M $73.08 $72K -300 -1.3%
76 VRSK 0.19% 6,564 $2M $251.51 +6,564 NEW
77 MORN 0.18% 6,648 $2M $232.01 -$360K +589 +9.7%
78 AMZN 0.17% 6,700 $1M $219.57 $1K
79 AVGO 0.12% 3,100 $1M $329.91 $168K
80 WMT 0.12% 9,711 $1M $103.06 $51K
81 AAPL 0.09% 3,015 $768K $254.63 $149K
82 GGN 0.09% 146,000 $753K $5.16 $112K
83 RBLX 0.08% 5,210 $722K $138.52 $174K
84 SHOP 0.08% 4,680 $695K $148.61 $280K +1,080 +30.0%
85 KO 0.08% 10,075 $668K $66.32 -$45K
86 RBC 0.08% 1,700 $663K $390.29 +1,700 NEW
87 GLW 0.06% 6,136 $503K $82.03 $181K
88 CVX 0.05% 2,996 $465K $155.29 $36K
89 MS 0.05% 2,670 $424K $158.96 $48K
90 VTS 0.05% 17,830 $414K $23.23 $20K
91 MP 0.05% 6,000 $402K $67.07 +6,000 NEW
92 VRT 0.04% 2,500 $377K $150.86 +2,500 NEW
93 MLR 0.04% 9,120 $369K $40.42 -$37K
94 MKTX 0.04% 2,000 $348K $174.25 -$1M -5,771 -74.3%
95 GOOG 0.04% 1,400 $341K $243.55 $93K
96 IBM 0.04% 1,196 $337K $282.16 -$15K
97 IWF 0.04% 701 $328K $468.41 $31K
98 IBIT 0.04% 5,000 $325K $65.00 $111K +1,500 +42.9%
99 JOBY 0.04% 20,000 $323K $16.14 $112K
100 JNJ 0.04% 1,700 $315K $185.42 $56K

New Positions

SymbolValue% Port
VOXCF $11M 1.27%
VIA $9M 1.03%
PRCH $9M 1.03%
BROS $8M 0.98%
FALN $4M 0.45%
IWO $3M 0.33%
MOD $2M 0.27%
TRV $2M 0.25%
VRSK $2M 0.19%
RBC $663K 0.08%
MP $402K 0.05%
VRT $377K 0.04%
CLS $298K 0.03%
BMNR $208K 0.02%
RSSS $186K 0.02%

Sold Out Positions

SymbolValue% Port
EFX —%
MDT —%
GSHD —%
ADBE —%
DELL —%
NVEE —%
PWFL —%
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