13F HOLDINGS REPORT
ASHFORD CAPITAL MANAGEMENT INC
Quarter ended Q4 2025 · Filed February 17, 2026 · Accession 0000897070-26-000003
Total Value
$897.7M
Positions
109
Other Managers
0
Confidential Omitted
No
Holdings (109)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | GLOBALSTAR INC. | GSAT | 998,995 | $61.0M | 6.79% |
| 2 | LIGAND PHARMACEUTICALS - CL B | LGNZZ | 213,778 | $40.4M | 4.50% |
| 3 | VICOR CORP | VICR | 353,856 | $38.8M | 4.32% |
| 4 | RED VIOLET INC | RDVT | 602,818 | $34.3M | 3.82% |
| 5 | VANGUARD TOTAL STOCK MARKET ETF | 922908769 | 93,827 | $31.5M | 3.50% |
| 6 | SUPERNUS PHARMACEUTICALS INC. | SUPN | 612,538 | $30.4M | 3.39% |
| 7 | CELLEBRITE DI LTD/ISRAEL | CLBT | 1,670,845 | $30.1M | 3.36% |
| 8 | STONEX GROUP, INC. | SNEX | 298,329 | $28.4M | 3.16% |
| 9 | ODDITY TECH, LTD. - CL A | ODD | 685,972 | $27.6M | 3.07% |
| 10 | HEALTHEQUITY, INC. | HQY | 271,723 | $24.9M | 2.77% |
| 11 | ACUITY, INC. | AYI | 65,722 | $23.7M | 2.64% |
| 12 | UFP TECHNOLOGIES, INC. | UFPT | 96,660 | $21.5M | 2.39% |
| 13 | SKYWARD SPECIALTY INSURANCE GROUP | 830940102 | 387,702 | $19.8M | 2.21% |
| 14 | JFROG LTD | FROG | 309,118 | $19.3M | 2.15% |
| 15 | FRANCO-NEVADA CORP | FNV | 89,857 | $18.6M | 2.07% |
| 16 | EQUINIX INC | EQIX | 23,424 | $17.9M | 2.00% |
| 17 | GENEDX HOLDINGS - CL A. | WGSWW | 132,326 | $17.2M | 1.92% |
| 18 | CAVCO INDUSTRIES, INC. | 149568107 | 28,412 | $16.8M | 1.87% |
| 19 | COSTAR GROUP INC | CSGP | 247,959 | $16.7M | 1.86% |
| 20 | BERKSHIRE HATHAWAY A | BRK-A | 22 | $16.6M | 1.85% |
| 21 | AXON ENTERPRISE, INC. | AXON | 29,199 | $16.6M | 1.85% |
| 22 | VOX ROYALTY CORP. | VOXR | 3,152,370 | $14.9M | 1.66% |
| 23 | KINSALE CAPITAL GROUP INC. | 49714P108 | 38,145 | $14.9M | 1.66% |
| 24 | TYLER TECHNOLOGIES, INC | TYL | 32,193 | $14.6M | 1.63% |
| 25 | CYBERARK SOFTWARE LTD/ISRAEL | M2682V108 | 32,294 | $14.4M | 1.60% |
| 26 | INCYTE CORP | INCY | 139,080 | $13.7M | 1.53% |
| 27 | SPORTRADAR GROUP AG | SRAD | 530,280 | $12.6M | 1.40% |
| 28 | CLEARWATER ANALYTICS HDS - CL A | CWAN | 511,779 | $12.3M | 1.38% |
| 29 | AVEPOINT, INC. | AVPT | 802,819 | $11.2M | 1.24% |
| 30 | NCINO, INC. | NCNO | 406,307 | $10.4M | 1.16% |
| 31 | DUTCH BROS INC. | BROS | 156,280 | $9.6M | 1.07% |
| 32 | UNION PACIFIC CORP | UNP | 41,345 | $9.6M | 1.07% |
| 33 | CLEAR SECURE, INC. -CLASS A | YOU | 270,050 | $9.5M | 1.06% |
| 34 | INTERDIGITAL INC. | IDCC | 29,408 | $9.4M | 1.04% |
| 35 | SENTINELONE, INC. - CLASS A | S | 601,830 | $9.0M | 1.01% |
| 36 | MICROSOFT CORPORATION | MSFT | 18,109 | $8.8M | 0.98% |
| 37 | REPOSITRAK, INC. | TRAK | 679,581 | $8.4M | 0.94% |
| 38 | SPDR EURO STOXX 50 FUND | 78463X202 | 123,501 | $8.0M | 0.89% |
| 39 | SPDR S&P 500 ETF TRUST | SPY | 11,169 | $7.6M | 0.85% |
| 40 | ISHARES CORE MSCI EUROPE ETF | 46434V738 | 101,876 | $7.2M | 0.81% |
| 41 | ISHARES FALLEN ANGELS USD BOND ETF | 46435G474 | 239,038 | $6.5M | 0.73% |
| 42 | COPART INC | CPRT | 154,989 | $6.1M | 0.68% |
| 43 | VICI PROPERTIES | 925652109 | 205,760 | $5.8M | 0.64% |
| 44 | VIA TRANSPORTATION, INC. - CL A | 92556W104 | 190,660 | $5.5M | 0.62% |
| 45 | ISHARES CHINA LARGE-CAP ETF | 464287184 | 138,817 | $5.3M | 0.59% |
| 46 | ENTERPRISE PRODUCTS PARTNERS | 293792107 | 144,610 | $4.6M | 0.52% |
| 47 | THE TRADE DESK - CL A | 88339J105 | 114,876 | $4.4M | 0.49% |
| 48 | ISHARES MSCI MEXICO ETF | 464286822 | 61,060 | $4.2M | 0.47% |
| 49 | ISHARES MSCI BRAZIL | 464286400 | 130,280 | $4.1M | 0.46% |
| 50 | INTUITIVE SURGICAL, INC. | ISRG | 7,143 | $4.0M | 0.45% |
| 51 | FACEBOOK INC - A | META | 6,005 | $4.0M | 0.44% |
| 52 | TERADYNE INC. | TER | 19,856 | $3.8M | 0.43% |
| 53 | ISHARES RUSSELL 2000 GROWTH INDEX FUND | 464287648 | 11,862 | $3.8M | 0.43% |
| 54 | VANECK RARE EARTH & METALS ETF | 92189H805 | 51,593 | $3.8M | 0.42% |
| 55 | VERTEX PHARMACEUTICALS INC. | VRTX | 8,245 | $3.7M | 0.42% |
| 56 | PORCH GROUP INC | PRCH | 404,670 | $3.7M | 0.41% |
| 57 | ALPHABET INC. CLASS A | GOOG | 11,381 | $3.6M | 0.40% |
| 58 | BERKSHIRE HATHAWAY B | BRK-A | 7,071 | $3.6M | 0.40% |
| 59 | ENERGY TRANSFER LP | ET-PI | 184,623 | $3.0M | 0.34% |
| 60 | ROPER TECHNOLOGIES, INC | ROP | 6,670 | $3.0M | 0.33% |
| 61 | MERCK & CO | MRK | 26,983 | $2.8M | 0.32% |
| 62 | SPDR BLACKSTONE SENIOR LOAN ETF | 78467V608 | 65,943 | $2.7M | 0.30% |
| 63 | AMPLIFY CYBERSECURITY ETF | 032108664 | 33,401 | $2.7M | 0.30% |
| 64 | TKO GROUP HOLDINGS, INC. | TKO | 12,297 | $2.6M | 0.29% |
| 65 | DANAHER CORPORATION | 235851102 | 9,919 | $2.3M | 0.25% |
| 66 | THE TRAVELERS COMPANIES | TRV | 7,764 | $2.3M | 0.25% |
| 67 | BIO-TECHNE CORP | TECH | 37,905 | $2.2M | 0.25% |
| 68 | EXXON MOBIL CORP | XOM | 18,436 | $2.2M | 0.25% |
| 69 | FURY GOLD MINES LTD | FURY | 3,650,015 | $2.2M | 0.24% |
| 70 | UIPATH, INC. - CLASS A | PATH | 125,474 | $2.1M | 0.23% |
| 71 | KINDER MORGAN HOLDCO LLC | EP-PC | 71,708 | $2.0M | 0.22% |
| 72 | MODINE MANUFACTURING CO | 607828100 | 14,736 | $2.0M | 0.22% |
| 73 | RBC BEARINGS INC. | RBC | 4,382 | $2.0M | 0.22% |
| 74 | MERCADO LIBRE | MELI | 955 | $1.9M | 0.21% |
| 75 | PURE STORAGE, INC. | 74624M102 | 24,568 | $1.6M | 0.18% |
| 76 | AMAZON | AMZN | 6,700 | $1.5M | 0.17% |
| 77 | ATLAS ENERGY SOLUTIONS, INC. | AESI | 162,630 | $1.5M | 0.17% |
| 78 | VERISK ANALYTICS INC - CLASS A | VRSK | 6,564 | $1.5M | 0.16% |
| 79 | ORACLE CORPORATION | ORCL-PD | 6,828 | $1.3M | 0.15% |
| 80 | CARDINAL HEALTH | CAH | 6,087 | $1.3M | 0.14% |
| 81 | WAL-MART STORES INC | WMT | 9,681 | $1.1M | 0.12% |
| 82 | BROADCOM INC | AVGO | 2,600 | $899,860 | 0.10% |
| 83 | APPLE, INC. | AAPL | 2,895 | $787,035 | 0.09% |
| 84 | GAMCO GLOBAL GOLD NATURAL RESOURCES AND INCOME TRU | 36465A109 | 146,000 | $753,360 | 0.08% |
| 85 | SHOPIFY, INC. - CLASS A | SHOP | 4,680 | $753,340 | 0.08% |
| 86 | COCA-COLA CO | KO | 10,075 | $704,343 | 0.08% |
| 87 | CORNING INC | GLW | 6,136 | $537,268 | 0.06% |
| 88 | AFFIRM HOLDINGS - CL A. | AFRM | 6,775 | $504,263 | 0.06% |
| 89 | MORGAN STANLEY | MS-PQ | 2,790 | $495,309 | 0.06% |
| 90 | CHEVRON CORPORATION | CVX | 2,996 | $456,620 | 0.05% |
| 91 | ALPHABET INC - CL C | GOOG | 1,400 | $439,320 | 0.05% |
| 92 | ROBLOX CORP. - CL A | RBLX | 5,210 | $422,166 | 0.05% |
| 93 | MARKETAXESS HOLDINGS INC | MKTX | 2,000 | $362,500 | 0.04% |
| 94 | ELI LILLY & COMPANY | LLY | 336 | $361,092 | 0.04% |
| 95 | INTERNATIONAL BUSINESS MACHINES CORP | INTR | 1,196 | $354,267 | 0.04% |
| 96 | JOHNSON & JOHNSON | JNJ | 1,700 | $351,815 | 0.04% |
| 97 | MILLER INDUSTRIES RSUS | 600551204 | 9,120 | $340,814 | 0.04% |
| 98 | ISHARES RUSSELL 1000 GROWTH INDEX FUND | 464287614 | 701 | $331,783 | 0.04% |
| 99 | RESOLUTE HOLDINGS MANAGEMENT | 76134H101 | 1,261 | $260,308 | 0.03% |
| 100 | CELESTICA | CLS | 870 | $257,181 | 0.03% |
| 101 | UNIQURE NV | QURE | 10,000 | $239,300 | 0.03% |
| 102 | ISHARES GOLD TRUST | IAU | 2,850 | $231,335 | 0.03% |
| 103 | VITESSE ENERGY INC. | VTS | 11,950 | $230,157 | 0.03% |
| 104 | AT&T | T-PC | 8,770 | $217,847 | 0.02% |
| 105 | VERTIV HOLDINGS CO. | VRT | 1,300 | $210,613 | 0.02% |
| 106 | ISHARES MSCI UNITED KINGDOM ETF | 46435G334 | 4,624 | $203,364 | 0.02% |
| 107 | INVESCO QQQ TRUST SERIES 1 | IVZ | 328 | $201,494 | 0.02% |
| 108 | GLOBAL X NASDAQ 100 COVERED CALL ETF | 37954Y483 | 10,000 | $176,700 | 0.02% |
| 109 | AURORA INNOVATION, INC. | AUROW | 28,500 | $109,440 | 0.01% |