ASHFORD CAPITAL MANAGEMENT INC Q4 2025 Filing

Filed February 17, 2026

Portfolio Value

$897.7M

Holdings

109

Report Date

Q4 2025

Filing Type

13F-HR

All Holdings (109 positions)

#StockSharesValue% PortfolioType
1
GSATGLOBALSTAR INC.
998,995$61.0M6.79%
2
LGNDLIGAND PHARMACEUTICALS - CL B
213,778$40.4M4.50%
3
VICRVICOR CORP
353,856$38.8M4.32%
4
RDVTRED VIOLET INC
602,818$34.3M3.82%
5
VTIVANGUARD TOTAL STOCK MARKET ETF
93,827$31.5M3.50%
6
SUPNSUPERNUS PHARMACEUTICALS INC.
612,538$30.4M3.39%
7
CLBTCELLEBRITE DI LTD/ISRAEL
1,670,845$30.1M3.36%
8
SNEXSTONEX GROUP, INC.
298,329$28.4M3.16%
9
ODDODDITY TECH, LTD. - CL A
685,972$27.6M3.07%
10
HQYHEALTHEQUITY, INC.
271,723$24.9M2.77%
11
AYIACUITY, INC.
65,722$23.7M2.64%
12
UFPTUFP TECHNOLOGIES, INC.
96,660$21.5M2.39%
13
SKWDSKYWARD SPECIALTY INSURANCE GROUP
387,702$19.8M2.21%
14
FROGJFROG LTD
309,118$19.3M2.15%
15
FNVFRANCO-NEVADA CORP
89,857$18.6M2.07%
16
EQIXEQUINIX INC
23,424$17.9M2.00%
17
WGSGENEDX HOLDINGS - CL A.
132,326$17.2M1.92%
18
CVCOCAVCO INDUSTRIES, INC.
28,412$16.8M1.87%
19
CSGPCOSTAR GROUP INC
247,959$16.7M1.86%
20
BRK-BBERKSHIRE HATHAWAY A
22$16.6M1.85%
21
AXONAXON ENTERPRISE, INC.
29,199$16.6M1.85%
22
VOXRVOX ROYALTY CORP.
3,152,370$14.9M1.66%
23
KNSLKINSALE CAPITAL GROUP INC.
38,145$14.9M1.66%
24
TYLTYLER TECHNOLOGIES, INC
32,193$14.6M1.63%
25
CYBRCYBERARK SOFTWARE LTD/ISRAEL
32,294$14.4M1.60%
26
INCYINCYTE CORP
139,080$13.7M1.53%
27
SRADSPORTRADAR GROUP AG
530,280$12.6M1.40%
28
CWANCLEARWATER ANALYTICS HDS - CL A
511,779$12.3M1.38%
29
AVPTAVEPOINT, INC.
802,819$11.2M1.24%
30
NCNONCINO, INC.
406,307$10.4M1.16%
31
BROSDUTCH BROS INC.
156,280$9.6M1.07%
32
UNPUNION PACIFIC CORP
41,345$9.6M1.07%
33
YOUCLEAR SECURE, INC. -CLASS A
270,050$9.5M1.06%
34
IDIINTERDIGITAL INC.
29,408$9.4M1.04%
35
SSENTINELONE, INC. - CLASS A
601,830$9.0M1.01%
36
MSFTMICROSOFT CORPORATION
18,109$8.8M0.98%
37
PJ4AREPOSITRAK, INC.
679,581$8.4M0.94%
38
FEZSPDR EURO STOXX 50 FUND
123,501$8.0M0.89%
39
SPYSPDR S&P 500 ETF TRUST
11,169$7.6M0.85%
40
IEURISHARES CORE MSCI EUROPE ETF
101,876$7.2M0.81%
41
FALNISHARES FALLEN ANGELS USD BOND ETF
239,038$6.5M0.73%
42
CPRTCOPART INC
154,989$6.1M0.68%
43
VICIVICI PROPERTIES
205,760$5.8M0.64%
44
VIAVIA TRANSPORTATION, INC. - CL A
190,660$5.5M0.62%
45
FXIISHARES CHINA LARGE-CAP ETF
138,817$5.3M0.59%
46
EPDENTERPRISE PRODUCTS PARTNERS
144,610$4.6M0.52%
47
TTDTHE TRADE DESK - CL A
114,876$4.4M0.49%
48
EWWISHARES MSCI MEXICO ETF
61,060$4.2M0.47%
49
EWZISHARES MSCI BRAZIL
130,280$4.1M0.46%
50
ISRGINTUITIVE SURGICAL, INC.
7,143$4.0M0.45%
51
METAFACEBOOK INC - A
6,005$4.0M0.44%
52
TERTERADYNE INC.
19,856$3.8M0.43%
53
IWOISHARES RUSSELL 2000 GROWTH INDEX FUND
11,862$3.8M0.43%
54
REMXVANECK RARE EARTH & METALS ETF
51,593$3.8M0.42%
55
VRTXVERTEX PHARMACEUTICALS INC.
8,245$3.7M0.42%
56
PRCHPORCH GROUP INC
404,670$3.7M0.41%
57
GOOGLALPHABET INC. CLASS A
11,381$3.6M0.40%
58
BRK/BBERKSHIRE HATHAWAY B
7,071$3.6M0.40%
59
ETENERGY TRANSFER LP
184,623$3.0M0.34%
60
ROPROPER TECHNOLOGIES, INC
6,670$3.0M0.33%
61
MRKMERCK & CO
26,983$2.8M0.32%
62
SRLNSPDR BLACKSTONE SENIOR LOAN ETF
65,943$2.7M0.30%
63
HACKAMPLIFY CYBERSECURITY ETF
33,401$2.7M0.30%
64
TKOTKO GROUP HOLDINGS, INC.
12,297$2.6M0.29%
65
DHRDANAHER CORPORATION
9,919$2.3M0.25%
66
TRVTHE TRAVELERS COMPANIES
7,764$2.3M0.25%
67
TECHBIO-TECHNE CORP
37,905$2.2M0.25%
68
XOMEXXON MOBIL CORP
18,436$2.2M0.25%
69
FURYFURY GOLD MINES LTD
3,650,015$2.2M0.24%
70
PATHUIPATH, INC. - CLASS A
125,474$2.1M0.23%
71
KMIKINDER MORGAN HOLDCO LLC
71,708$2.0M0.22%
72
MODMODINE MANUFACTURING CO
14,736$2.0M0.22%
73
RBCRBC BEARINGS INC.
4,382$2.0M0.22%
74
MLB1MERCADO LIBRE
955$1.9M0.21%
75
PSTGPURE STORAGE, INC.
24,568$1.6M0.18%
76
AMZNAMAZON
6,700$1.5M0.17%
77
AESIATLAS ENERGY SOLUTIONS, INC.
162,630$1.5M0.17%
78
VRSKVERISK ANALYTICS INC - CLASS A
6,564$1.5M0.16%
79
ORCLORACLE CORPORATION
6,828$1.3M0.15%
80
CAHCARDINAL HEALTH
6,087$1.3M0.14%
81
WMTWAL-MART STORES INC
9,681$1.1M0.12%
82
AVGOBROADCOM INC
2,600$899K0.10%
83
AAPLAPPLE, INC.
2,895$787K0.09%
84
GGNGAMCO GLOBAL GOLD NATURAL RESOURCES AND INCOME TRU
146,000$753K0.08%
85
SHOPSHOPIFY, INC. - CLASS A
4,680$753K0.08%
86
KOCOCA-COLA CO
10,075$704K0.08%
87
GLWCORNING INC
6,136$537K0.06%
88
AFRMAFFIRM HOLDINGS - CL A.
6,775$504K0.06%
89
DWDMORGAN STANLEY
2,790$495K0.06%
90
CVXCHEVRON CORPORATION
2,996$456K0.05%
91
GOOGALPHABET INC - CL C
1,400$439K0.05%
92
RBLXROBLOX CORP. - CL A
5,210$422K0.05%
93
MKTXMARKETAXESS HOLDINGS INC
2,000$362K0.04%
94
LLYELI LILLY & COMPANY
336$361K0.04%
95
IBMINTERNATIONAL BUSINESS MACHINES CORP
1,196$354K0.04%
96
JNJJOHNSON & JOHNSON
1,700$351K0.04%
97
MLRMILLER INDUSTRIES RSUS
9,120$340K0.04%
98
IWFISHARES RUSSELL 1000 GROWTH INDEX FUND
701$331K0.04%
99
RHLDRESOLUTE HOLDINGS MANAGEMENT
1,261$260K0.03%
100
CLSCELESTICA
870$257K0.03%
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