ASHFORD CAPITAL MANAGEMENT INC Q2 2025 Filing

Filed August 18, 2025

Portfolio Value

$851.1B

Holdings

102

Report Date

Q2 2025

Filing Type

13F-HR

All Holdings (102 positions)

#StockSharesValue% PortfolioType
1
ODDODDITY TECH, LTD. - CL A
564,954$42.6B5.01%
2
LGNDLIGAND PHARMACEUTICALS - CL B
302,527$34.4B4.04%
3
SNEXSTONEX GROUP, INC.
361,432$32.9B3.87%
4
GSATGLOBALSTAR INC.
1,357,618$32.0B3.76%
5
AXONAXON ENTERPRISE, INC.
37,406$31.0B3.64%
6
HQYHEALTHEQUITY, INC.
279,404$29.3B3.44%
7
RDVTRED VIOLET INC
593,514$29.2B3.43%
8
VTIVANGUARD TOTAL STOCK MARKET ETF
93,592$28.4B3.34%
9
CVCOCAVCO INDUSTRIES, INC.
54,973$23.9B2.81%
10
SKWDSKYWARD SPECIALTY INSURANCE GROUP
406,032$23.5B2.76%
11
CSGPCOSTAR GROUP INC
291,103$23.4B2.75%
12
FNVFRANCO-NEVADA CORP
138,078$22.6B2.66%
13
CPRTCOPART INC
433,576$21.3B2.50%
14
CLBTCELLEBRITE DI LTD/ISRAEL
1,265,670$20.3B2.38%
15
CWANCLEARWATER ANALYTICS HDS - CL A
915,444$20.1B2.36%
16
TYLTYLER TECHNOLOGIES, INC
33,684$20.0B2.35%
17
EQIXEQUINIX INC
24,599$19.6B2.30%
18
KNSLKINSALE CAPITAL GROUP INC.
40,130$19.4B2.28%
19
CYBRCYBERARK SOFTWARE LTD/ISRAEL
47,203$19.2B2.26%
20
SUPNSUPERNUS PHARMACEUTICALS INC.
574,372$18.1B2.13%
21
UFPTUFP TECHNOLOGIES, INC.
70,790$17.3B2.03%
22
AYIACUITY, INC.
56,477$16.8B1.98%
23
BRK-BBERKSHIRE HATHAWAY A
22$16.0B1.88%
24
WGSGENEDX HOLDINGS - CL A.
171,526$15.8B1.86%
25
PJ4AREPOSITRAK, INC.
792,154$15.6B1.83%
26
SSENTINELONE, INC. - CLASS A
845,743$15.5B1.82%
27
AESIATLAS ENERGY SOLUTIONS, INC.
1,113,535$14.9B1.75%
28
AVPTAVEPOINT, INC.
739,930$14.3B1.68%
29
FROGJFROG LTD
319,798$14.0B1.65%
30
TTDTHE TRADE DESK - CL A
172,040$12.4B1.46%
31
FLBLFRANKLIN SENIOR LOAN ETF
467,284$11.3B1.33%
32
VICRVICOR CORP
231,462$10.5B1.23%
33
NCNONCINO, INC.
369,140$10.3B1.21%
34
INCYINCYTE CORP
146,400$10.0B1.17%
35
UNPUNION PACIFIC CORP
41,345$9.5B1.12%
36
MSFTMICROSOFT CORPORATION
18,015$9.0B1.05%
37
FEZSPDR EURO STOXX 50 FUND
125,338$7.5B0.88%
38
SPYSPDR S&P 500 ETF TRUST
11,169$6.9B0.81%
39
IEURISHARES CORE MSCI EUROPE ETF
101,959$6.7B0.79%
40
VICIVICI PROPERTIES
205,760$6.7B0.79%
41
EPDENTERPRISE PRODUCTS PARTNERS
166,570$5.2B0.61%
42
METAFACEBOOK INC - A
6,005$4.4B0.52%
43
ETENERGY TRANSFER LP
230,803$4.2B0.49%
44
VNQVANGUARD REIT ETF
46,184$4.1B0.48%
45
ROPROPER TECHNOLOGIES, INC
7,204$4.1B0.48%
46
FXIISHARES CHINA LARGE-CAP ETF
108,664$4.0B0.47%
47
EWZISHARES MSCI BRAZIL
131,200$3.8B0.44%
48
BRK/BBERKSHIRE HATHAWAY B
7,526$3.7B0.43%
49
VRTXVERTEX PHARMACEUTICALS INC.
7,707$3.4B0.40%
50
EWWISHARES MSCI MEXICO ETF
55,988$3.4B0.40%
51
GSHDGOOSEHEAD INSURANCE INC-CL A
27,658$2.9B0.34%
52
MLB1MERCADO LIBRE
1,079$2.8B0.33%
53
REMXVANECK RARE EARTH & METALS ETF
66,313$2.7B0.32%
54
SPGIS&P GLOBAL INC.
4,386$2.3B0.27%
55
TKOTKO GROUP HOLDINGS, INC.
12,527$2.3B0.27%
56
HACKAMPLIFY CYBERSECURITY ETF
26,350$2.3B0.27%
57
ISRGINTUITIVE SURGICAL, INC.
3,781$2.1B0.24%
58
CAHCARDINAL HEALTH
12,076$2.0B0.24%
59
XOMEXXON MOBIL CORP
18,436$2.0B0.23%
60
KMIKINDER MORGAN HOLDCO LLC
66,086$1.9B0.23%
61
ACGLARCH CAPITAL GROUP LTD
21,158$1.9B0.23%
62
MORNMORNINGSTAR INC
6,059$1.9B0.22%
63
GOOGLALPHABET INC. CLASS A
10,730$1.9B0.22%
64
FURYFURY GOLD MINES LTD
3,650,015$1.8B0.21%
65
NVEEUSDNV5 GLOBAL, INC.
77,410$1.8B0.21%
66
MKTXMARKETAXESS HOLDINGS INC
7,771$1.7B0.20%
67
AFRMAFFIRM HOLDINGS - CL A.
23,903$1.7B0.19%
68
AMZNAMAZON
6,700$1.5B0.17%
69
MDTMEDTRONIC INC.
16,824$1.5B0.17%
70
MRKMERCK & CO
18,362$1.5B0.17%
71
EFXEQUIFAX, INC.
5,466$1.4B0.17%
72
ADBEADOBE SYSTEMS
3,381$1.3B0.15%
73
DHRDANAHER CORPORATION
6,098$1.2B0.14%
74
PSTGPURE STORAGE
20,609$1.2B0.14%
75
TERTERADYNE INC.
11,069$995.3M0.12%
76
TECHBIO-TECHNE CORP
18,968$975.9M0.11%
77
WMTWAL-MART STORES INC
9,711$949.5M0.11%
78
AVGOBROADCOM INC
3,100$854.5M0.10%
79
DELLDELL TECHNOLOGIES - CLASS C
6,503$797.3M0.09%
80
KOCOCA-COLA CO
10,075$712.8M0.08%
81
PGRPROGRESSIVE CORP/THE
2,474$660.2M0.08%
82
GGNGAMCO GLOBAL GOLD NATURAL RESOURCES AND INCOME TRU
146,000$640.9M0.08%
83
AAPLAPPLE, INC.
3,015$618.6M0.07%
84
RBLXROBLOX CORP. - CL A
5,210$548.1M0.06%
85
CVXCHEVRON CORPORATION
2,996$429.0M0.05%
86
SHOPSHOPIFY, INC. - CLASS A
3,600$415.3M0.05%
87
MLRMILLER INDUSTRIES RSUS
9,120$405.5M0.05%
88
VTSVITESSE ENERGY INC.
17,830$393.9M0.05%
89
DWDMORGAN STANLEY
2,670$376.1M0.04%
90
IBMINTERNATIONAL BUSINESS MACHINES CORP
1,196$352.6M0.04%
91
AIOTPOWERFLEET, INC.
80,000$344.8M0.04%
92
GLWCORNING INC
6,136$322.7M0.04%
93
AURAURORA INNOVATION, INC.
57,000$298.7M0.04%
94
IWFISHARES RUSSELL 1000 GROWTH INDEX FUND
701$297.6M0.03%
95
LLYELI LILLY & COMPANY
336$261.9M0.03%
96
JNJJOHNSON & JOHNSON
1,700$259.7M0.03%
97
IAU*ISHARES GOLD TRUST
4,138$258.0M0.03%
98
TAT&T
8,770$253.8M0.03%
99
GOOGALPHABET INC - CL C
1,400$248.3M0.03%
100
IBITISHARES BITCOIN TRUST
3,500$214.2M0.03%
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