Ashford Capital Management Inc.

In its 13F for Q2 2024 (holdings as of June 30, 2024, filed August 15, 2024), Ashford Capital Management Inc. reported 97 stock positions worth $740.6 million. Its top holding was Copart (CPRT) at 4.1% of the portfolio, followed by Oddity Tech Class A (ODD, 3.7%) and Tyler Technologies (TYL, 3.7%). Compared with Q1 2024, it opened 11 new positions, sold out of 5, added to 27 and reduced 33. The biggest buy was Ligand Pharmaceuticals (LGND, shares +64%) and the biggest sale Quanterix (QTRX, shares −7%).

Most Recent 13F
Q2 2026
Location
WILMINGTON, DE
CIK
0000897070
Portfolio Value
$740.6M (Q2 2024)
SEC Filing
0000897070-24-000008 ↗ filed Aug 15, 2024

Holdings Value

0$200.0M$400.0M$600.0M$800.0M$1.0B Q1 2024: $739.3M Q1 2024 Q2 2024: $740.6M $740.6M Q2 2024 Q3 2024: $801.3M Q3 2024 Q4 2024: $847.6M Q4 2024 Q1 2025: $775.5M Q1 2025 Q2 2025: $851.1M Q2 2025 Q3 2025: $897.8M Q3 2025 Q4 2025: $897.7M Q4 2025 Q1 2026: $809.2M Q1 2026 Q2 2026: $932.6M Q2 2026

Holdings 97 stocks · $740.6M
CPRT Copart Inc. 4.05% 554,262 $30.0M Reduce -6.7%
ODD Oddity Tech Ltd. Class A 3.72% 702,070 $27.6M Reduce -4.3%
TYL Tyler Technologies Inc. 3.69% 54,408 $27.4M Reduce -0.7%
SKWD Skyward Specialty Insurance 3.67% 750,760 $27.2M Reduce -0.6%
LGND Ligand Pharmaceuticals 3.67% 322,207 $27.1M Add +63.9%
HQY Healthequity Inc. 3.58% 307,682 $26.5M Reduce -9.9%
AXON Axon Enterprise Inc. 3.51% 88,456 $26.0M Reduce -10.0%
RDVT Red Violet Inc. 3.27% 954,317 $24.2M Reduce -12.3%
CSGP Costar Group Inc. 3.21% 320,788 $23.8M Reduce -0.2%
VTI VG Morningstar TS MKT ETF-US 3.12% 86,430 $23.1M Reduce -2.8%
SNEX Stonex Group Inc. 3.09% 303,975 $22.9M Reduce -5.8%
CLBT Cellebrite Di Ltd. 3.07% 1,904,280 $22.8M Add +3.4%
CVCO Cavco Industries Inc. 2.72% 58,100 $20.1M Reduce -0.1%
FNV Franco-Nevada Corp. 2.71% 169,564 $20.1M Add +43.6%
TTD Trade Desk Inc./the Class A filed as THE TRADE DESK INC 2.70% 205,069 $20.0M Reduce -1.6%
CYBR Cyberark Software Ltd./Israel 2.65% 71,710 $19.6M Add +0.0%
SUPN Supernus Pharmaceuticals Inc. 2.57% 711,894 $19.0M Reduce -6.8%
KNSL Kinsale Capital Group Inc. 2.15% 41,305 $15.9M Add +1.5%
INCY Incyte Corp. 2.00% 244,770 $14.8M Reduce -29.8%
BRK.A Berkshire Hathaway Inc. Class A 1.82% 22 $13.5M No change
MKTX Marketaxess Holdings Inc. 1.81% 66,893 $13.4M Reduce -9.9%
NVEE NV5 Global Inc. 1.75% 139,210 $12.9M Add +1.4%
DV Doubleverify Holdings Inc. 1.71% 648,860 $12.6M Add +29.8%
PGNY Progyny Inc. 1.50% 387,224 $11.1M Add +24.1%
FROG Jfrog Ltd. 1.45% 286,630 $10.8M New
AVPT Avepoint Inc. 1.40% 991,725 $10.3M New
QTRX Quanterix Corp. 1.38% 771,305 $10.2M Reduce -7.2%
GSHD Goosehead Insurance Inc. Class A 1.37% 176,420 $10.1M Reduce -2.3%
UNP Union Pacific Corp. 1.26% 41,345 $9.4M No change
MSFT Microsoft Corp. 1.26% 20,823 $9.3M Add +0.6%
AESI Atlas Energy Solutions Inc. 1.23% 458,090 $9.1M New
LNTH Lantheus Holdings Inc. 1.17% 107,930 $8.7M Reduce -15.5%
GSAT Globalstar Inc. 1.12% 7,391,790 $8.3M Add +5.2%
S Sentinelone Inc. Class A 1.08% 381,200 $8.0M New
MRK Merck & Co. Inc. 0.94% 56,518 $7.0M Add +6.2%
SPY SS SPDR S&P 500 ETF Trust-US 0.87% 11,862 $6.5M Reduce -8.6%
FEZ State Street SPDR Euro Stoxx 0.82% 121,487 $6.1M Add +16.4%
IEF iShares 7-10 Year Treasury B 0.82% 64,844 $6.1M Reduce -42.2%
SPT Sprout Social Inc. Class A 0.81% 167,205 $6.0M Reduce -5.9%
QQQ Invesco QQQ Trust Series 1 0.80% 12,337 $5.9M Add +35.6%
EQIX Equinix Inc. 0.77% 7,547 $5.7M Add +262.8%
IEUR iShares Core MSCI Europe ETF 0.75% 97,475 $5.6M Add +8.2%
VNQ Vanguard Real Estate ETF 0.67% 59,092 $4.9M Add +75.3%
NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD 0.63% 361,000 $4.7M Add +1.1%
ROP Roper Technologies Inc. 0.59% 7,761 $4.4M No change
META Meta Platforms Inc. Class A 0.57% 8,415 $4.2M Add +4.3%
EPD Enterprise Products Partners 0.56% 143,540 $4.2M Add +44.5%
GOVT iShares US Treasury Bond ETF 0.56% 183,033 $4.1M New
VICI Vici Properties Inc. filed as VICI PPTYS INC 0.54% 138,510 $4.0M Add +3.3%
ET Energy Transfer LP 0.53% 243,703 $4.0M Add +56.3%
VRTX Vertex Pharmaceuticals Inc. 0.53% 8,400 $3.9M No change
ILF iShares Latin America 40 ETF 0.52% 155,044 $3.8M Add +18.1%
ACGL Arch Capital Group Ltd. 0.48% 35,452 $3.6M No change
BRK.B Berkshire Hathaway Inc. Class B 0.47% 8,535 $3.5M No change
VGLT Vanguard Long-Term Treasury 0.44% 55,987 $3.2M Reduce -6.2%
TER Teradyne Inc. 0.41% 20,395 $3.0M Add +36.2%
GOOGL Alphabet Inc. Class A 0.35% 14,380 $2.6M Add +124.0%
MU Micron Technology Inc. 0.34% 18,895 $2.5M New
XOM Exxon Mobil Corp. 0.29% 18,811 $2.2M No change
SPGI S&P Global Inc. 0.28% 4,644 $2.1M No change
TLT iShares 20+ Year Treasury BD 0.27% 21,553 $2.0M Reduce -29.6%
MORN Morningstar Inc. 0.25% 6,171 $1.8M No change
DHR Danaher Corp. 0.24% 7,217 $1.8M No change
MELI MercadoLibre Inc. 0.24% 1,083 $1.8M Reduce -3.6%
TECH Bio-Techne Corp. 0.22% 23,230 $1.7M No change
REGN Regeneron Pharmaceuticals 0.22% 1,572 $1.7M No change
CAH Cardinal Health Inc. 0.22% 16,415 $1.6M No change
ADBE Adobe Inc. 0.20% 2,714 $1.5M No change
MOH Molina Healthcare Inc. 0.18% 4,503 $1.3M Reduce -34.1%
AMZN Amazon.com Inc. 0.18% 6,800 $1.3M No change
AKAM Akamai Technologies Inc. 0.16% 13,359 $1.2M No change
FURY Fury Gold Mines Ltd. 0.16% 3,011,015 $1.2M Add +0.7%
HACK Amplify Cybersecurity ETF 0.13% 14,441 $935K Add +21.1%
AAPL Apple Inc. 0.11% 4,031 $849K No change
VNM Vaneck Vietnam ETF 0.11% 67,649 $823K Reduce -51.3%
VICR Vicor Corp. 0.11% 23,550 $781K Reduce -6.7%
KO The Coca-Cola Co. 0.09% 10,926 $695K No change
ABBV Abbvie Inc. 0.09% 3,980 $683K New
XYLD Global X S&P 500 Cove Call E 0.09% 16,000 $647K Reduce -15.8%
BXMT Blackstone Mortgage Tru Class A 0.08% 35,000 $610K Add +2.9%
GGN Gamco GLBL Gold NTRL Res Inc. 0.08% 146,000 $591K No change
ASML ASML Holding NV-NY Reg SHS 0.08% 556 $569K New
MLR Miller Industries Inc. 0.07% 9,120 $502K No change
VSAT Viasat Inc. 0.07% 38,000 $483K Reduce -73.8%
CVX Chevron Corp. 0.06% 2,996 $469K No change
GOOG Alphabet Inc. Class C 0.06% 2,450 $449K No change
IWF iShares Russell 1000 Growth 0.06% 1,127 $411K No change
LLY Eli Lilly & Co. 0.05% 427 $387K Reduce -15.9%
IAU iShares Gold Trust 0.05% 8,264 $363K Reduce -12.9%
DELL Dell Technologies -C 0.05% 2,597 $358K New
DDOG Datadog Inc. Class A 0.04% 2,500 $324K Reduce -51.8%
JNJ Johnson & Johnson 0.04% 2,100 $307K No change
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.03% 1,426 $247K Reduce -4.4%
GLW Corning Inc. 0.03% 6,136 $238K No change
SHOP Shopify Inc. Class A 0.03% 3,600 $238K No change
ISRG Intuitive Surgical Inc. 0.03% 450 $200K New
AUR Aurora Innovation Inc. 0.01% 21,500 $60K New

Portfolio Sells Q1 2024 → Q2 2024
QTRX Quanterix Corp. Reduce -7.2% 1.38% −1.27
JAMF Jamf Holding Corp. Sold out 0.00% −1.12
CSGP Costar Group Inc. Reduce -0.2% 3.21% −0.99
SUPN Supernus Pharmaceuticals Inc. Reduce -6.8% 2.57% −0.95
INCY Incyte Corp. Reduce -29.8% 2.00% −0.68
AXON Axon Enterprise Inc. Reduce -10.0% 3.51% −0.65
SPT Sprout Social Inc. Class A Reduce -5.9% 0.81% −0.63
IEF iShares 7-10 Year Treasury B Reduce -42.2% 0.82% −0.62
CPRT Copart Inc. Reduce -6.7% 4.05% −0.60
ODD Oddity Tech Ltd. Class A Reduce -4.3% 3.72% −0.59
CVCO Cavco Industries Inc. Reduce -0.1% 2.72% −0.42
MKTX Marketaxess Holdings Inc. Reduce -9.9% 1.81% −0.39
VSAT Viasat Inc. Reduce -73.8% 0.07% −0.29
GSHD Goosehead Insurance Inc. Class A Reduce -2.3% 1.37% −0.26
MOH Molina Healthcare Inc. Reduce -34.1% 0.18% −0.20
HQY Healthequity Inc. Reduce -9.9% 3.58% −0.19
SKWD Skyward Specialty Insurance Reduce -0.6% 3.67% −0.15
VNM Vaneck Vietnam ETF Reduce -51.3% 0.11% −0.15
TLT iShares 20+ Year Treasury BD Reduce -29.6% 0.27% −0.13
NVEC Nve Corp. Sold out 0.00% −0.12
ZROZ PIMCO 25+ YR Zero CPN US Tif Sold out 0.00% −0.08
SPY SS SPDR S&P 500 ETF Trust-US Reduce -8.6% 0.87% −0.05
DDOG Datadog Inc. Class A Reduce -51.8% 0.04% −0.04
VGLT Vanguard Long-Term Treasury Reduce -6.2% 0.44% −0.04
NVDA Nvidia Corp. Sold out 0.00% −0.04
VICR Vicor Corp. Reduce -6.7% 0.11% −0.03
RA Brookfield Real Assets Incom Sold out 0.00% −0.02
XYLD Global X S&P 500 Cove Call E Reduce -15.8% 0.09% −0.02
IBM Intl Business Machines Corp. Reduce -4.4% 0.03% −0.01
IAU iShares Gold Trust Reduce -12.9% 0.05% −0.00
VTI VG Morningstar TS MKT ETF-US Reduce -2.8% 3.12% −0.00
LLY Eli Lilly & Co. Reduce -15.9% 0.05% −0.00
MELI MercadoLibre Inc. Reduce -3.6% 0.24% +0.01
SNEX Stonex Group Inc. Reduce -5.8% 3.09% +0.02
LNTH Lantheus Holdings Inc. Reduce -15.5% 1.17% +0.09
TTD Trade Desk Inc./the Class A Reduce -1.6% 2.70% +0.24
RDVT Red Violet Inc. Reduce -12.3% 3.27% +0.40
TYL Tyler Technologies Inc. Reduce -0.7% 3.69% +0.54

Portfolio Buys Q1 2024 → Q2 2024
LGND Ligand Pharmaceuticals Add +63.9% 3.67% +1.72
FROG Jfrog Ltd. New 1.45% +1.45
AVPT Avepoint Inc. New 1.40% +1.40
AESI Atlas Energy Solutions Inc. New 1.23% +1.23
S Sentinelone Inc. Class A New 1.08% +1.08
FNV Franco-Nevada Corp. Add +43.6% 2.71% +0.81
GOVT iShares US Treasury Bond ETF New 0.56% +0.56
EQIX Equinix Inc. Add +262.8% 0.77% +0.54
MU Micron Technology Inc. New 0.34% +0.34
CLBT Cellebrite Di Ltd. Add +3.4% 3.07% +0.31
VNQ Vanguard Real Estate ETF Add +75.3% 0.67% +0.27
QQQ Invesco QQQ Trust Series 1 Add +35.6% 0.80% +0.25
GOOGL Alphabet Inc. Class A Add +124.0% 0.35% +0.22
ET Energy Transfer LP Add +56.3% 0.53% +0.20
TER Teradyne Inc. Add +36.2% 0.41% +0.18
EPD Enterprise Products Partners Add +44.5% 0.56% +0.17
ABBV Abbvie Inc. New 0.09% +0.09
MSFT Microsoft Corp. Add +0.6% 1.26% +0.08
FEZ State Street SPDR Euro Stoxx Add +16.4% 0.82% +0.08
ASML ASML Holding NV-NY Reg SHS New 0.08% +0.08
CYBR Cyberark Software Ltd./Israel Add +0.0% 2.65% +0.07
NU Nu Holdings Ltd./Cayman Isl-A Add +1.1% 0.63% +0.05
DELL Dell Technologies -C New 0.05% +0.05
IEUR iShares Core MSCI Europe ETF Add +8.2% 0.75% +0.04
META Meta Platforms Inc. Class A Add +4.3% 0.57% +0.04
ISRG Intuitive Surgical Inc. New 0.03% +0.03
HACK Amplify Cybersecurity ETF Add +21.1% 0.13% +0.02
ILF iShares Latin America 40 ETF Add +18.1% 0.52% +0.01
AUR Aurora Innovation Inc. New 0.01% +0.01
VICI Vici Properties Inc. Add +3.3% 0.54% −0.00
MRK Merck & Co. Inc. Add +6.2% 0.94% −0.01
BXMT Blackstone Mortgage Tru Class A Add +2.9% 0.08% −0.01
FURY Fury Gold Mines Ltd. Add +0.7% 0.16% −0.01
NVEE NV5 Global Inc. Add +1.4% 1.75% −0.07
PGNY Progyny Inc. Add +24.1% 1.50% −0.11
GSAT Globalstar Inc. Add +5.2% 1.12% −0.28
DV Doubleverify Holdings Inc. Add +29.8% 1.71% −0.67
KNSL Kinsale Capital Group Inc. Add +1.5% 2.15% −0.74

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 107$932.6MLGND, GSAT, RDVT, VTI, SNEX
Q1 2026 99$809.2MGSAT, LGND, SNEX, SUPN, VTI
Q4 2025 109$897.7MGSAT, LGND, VICR, RDVT, VTI
Q3 2025 110$897.8MGSAT, LGND, ODD, SNEX, CLBT
Q2 2025 102$851.1MODD, LGND, SNEX, GSAT, AXON
Q1 2025 99$775.5MSNEX, LGND, ODD, CVCO, GSAT
Q4 2024 101$847.6MCLBT, LGND, AXON, SKWD, ODD
Q3 2024 102$801.3MAXON, CLBT, LGND, VTI, ODD
Q2 2024 97$740.6MCPRT, ODD, TYL, SKWD, LGND
Q1 2024 91$739.3MCPRT, ODD, CSGP, AXON, SKWD