1y return+23.7%S&P 500 +20.9%
3y return+55.7%S&P 500 +68.5%
5y return+12.6%S&P 500 +74.5%
10y return+283.0%S&P 500 +256.5%
These returns are for its stock picks as disclosed on Form 13F: last quarter's holdings, valued at this quarter's prices. They miss trades within each quarter, short positions, options, bonds, cash and fees, so they aren't the returns its clients got.
$100 invested in its stock picks
Since June 30, 2016: $383 against $357 in the S&P 500.2
Ashford Capital Management IncS&P 500 (SPY)
Top holdings
At the end of June 30, 2026. Change is in shares since the quarter before.2
| Stock | Value | Share of portfolio | Change |
|---|---|---|---|
| LGNDLigand Pharmaceuticals - Cl B | $53.8M | 5.8% | −18.0% |
| GSATGlobalstar Inc. | $41.4M | 4.4% | −43.8% |
| RDVTRed Violet Inc | $36.7M | 3.9% | −16.3% |
| VTIVanguard Total Stock Market Etf | $35.9M | 3.9% | +1.5% |
| SNEXStonex Group, Inc. | $32.7M | 3.5% | −40.8% |
| SUPNSupernus Pharmaceuticals Inc. | $28.5M | 3.1% | −4.9% |
| VICRVicor Corp | $28.5M | 3.1% | −34.0% |
| AYIAcuity, Inc. | $27.9M | 3.0% | +16.4% |
| UFPTUfp Technologies, Inc. | $27.8M | 3.0% | −2.8% |
| YOUClear Secure, Inc. -class A | $26.7M | 2.9% | −10.2% |
| Cellebrite Di Ltd/israelCUSIP M2197Q107 | $26.0M | 2.8% | |
| Jfrog LtdCUSIP M6191J100 | $24.7M | 2.6% | −5.0% |
| EQIXEquinix Inc | $23.2M | 2.5% | −4.7% |
| HQYHealthequity, Inc. | $22.9M | 2.5% | −4.9% |
| SKWDSkyward Specialty Insurance Group | $21.5M | 2.3% | −5.7% |
| IDCCInterdigital Inc. | $21.2M | 2.3% | +34.5% |
| INCYIncyte Corp | $20.7M | 2.2% | +10.2% |
| LBLandbridge Company, LLC | $18.6M | 2.0% | −5.5% |
| VNOMViper Energy, Inc. | $18.1M | 1.9% | +24.3% |
| ABXAbacus Global Management, Inc | $17.9M | 1.9% | +93.2% |
| AXONAxon Enterprise, Inc. | $16.5M | 1.8% | −4.7% |
| BRK/ABerkshire Hathaway A | $16.5M | 1.8% | |
| FNVFranco-nevada Corp | $16.1M | 1.7% | −5.4% |
| VOXRVox Royalty Corp. | $16.0M | 1.7% | −5.4% |
| PRCHPorch Group Inc | $14.7M | 1.6% | +40.2% |
Best picks still held
How each current holding has done since the quarter it first appeared in its filings (up to six years back).
| Stock | Held since | Return since | Now worth |
|---|---|---|---|
| AXONAxon Enterprise, Inc. | June 30, 2020 | +471.3% | $16.5M |
| VICRVicor Corp | June 30, 2020 | +427.8% | $28.5M |
| LGNDLigand Pharmaceuticals - Cl B | March 31, 2024 | +332.4% | $53.8M |
| GSATGlobalstar Inc. | March 31, 2025 | +289.7% | $41.4M |
| CVCOCavco Industries, Inc. | June 30, 2020 | +218.6% | $8.4M |
| BRK/ABerkshire Hathaway A | June 30, 2020 | +180.2% | $16.5M |
| GOOGLAlphabet Inc. Class A | September 30, 2023 | +173.1% | $8.5M |
| RDVTRed Violet Inc | September 30, 2021 | +146.9% | $36.7M |
| Jfrog LtdCUSIP M6191J100 | June 30, 2024 | +142.0% | $24.7M |
| SPYSpdr S&p 500 Etf Trust | September 30, 2020 | +123.0% | $8.1M |
Sold off last quarter
- FALNIshares Fallen Angels Usd Bond Etf was $7.9M
- ORCLOracle Corporation was $1.8M
- TECHBio-techne Corp was $837K
- TTDThe Trade Desk - Cl A was $456K
- AVAVAerovironment Inc. was $306K
- IWFIshares Russell 1000 Growth Index Fund was $261K
- TAt&t was $254K
- DOWDow Inc. was $220K
- VTSVitesse Energy Inc. was $217K
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | +21.7% | +14.8% |
| March 31, 2026 | −6.6% | −4.6% |
| December 31, 2025 | +3.1% | +2.4% |
| September 30, 2025 | +5.6% | +7.8% |
| June 30, 2025 | +9.1% | +10.5% |
| March 31, 2025 | −4.4% | −4.6% |
| December 31, 2024 | +7.7% | +2.1% |
| September 30, 2024 | +9.5% | +5.4% |
| June 30, 2024 | −5.1% | +4.0% |
| March 31, 2024 | +4.3% | +10.0% |
| December 31, 2023 | +9.0% | +11.2% |
| September 30, 2023 | −5.0% | −3.6% |
| June 30, 2023 | +4.5% | +8.3% |
| March 31, 2023 | +4.4% | +7.0% |
| December 31, 2022 | +6.5% | +7.1% |
| September 30, 2022 | −2.6% | −5.3% |
| June 30, 2022 | −22.3% | −16.5% |
| March 31, 2022 | −11.4% | −4.9% |
| December 31, 2021 | −4.5% | +10.7% |
| September 30, 2021 | −2.9% | +0.3% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: Ashford Capital Management Inc Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=897070&type=13F-HR&dateb=&owner=include&count=40CIK 897070
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/897070/000089707026000013/Filed August 21, 2026 · accession 0000897070-26-000013