Ashford Capital Management 13F-HR Quarterly holdings report by institutional manager

The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE

OMB APPROVAL

OMB Number:		3235-0006
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COLUMN 1	COLUMN 2	COLUMN 3	COLUMN 4	COLUMN 5			COLUMN 6	COLUMN 7	COLUMN 8
			VALUE	SHRS OR	SH/	PUT/	INVESTMENT	OTHER	VOTING AUTHORITY
NAME OF ISSUER	TITLE OF CLASS	CUSIP	(x$1000)	PRN AMT	PRN	CALL	DISCRETION	MANAGER	SOLE	SHARED	NONE
3M CO	COM	88579Y101	543	4,962	SH		SOLE		4,962	0	0
ACCELRYS INC	COM	00430U103	2,635	313,634	SH		SOLE		313,634	0	0
ADOBE SYSTEMS	COM	00724F101	255	5,600	SH		SOLE		5,600	0	0
ALTRIA GROUP INC	COM	02209S103	1,181	33,751	SH		SOLE		33,751	0	0
AMERICAN VANGUARD CORPORATIO	COM	030371108	6,418	273,908	SH		SOLE		273,908	0	0
ANADARKO PETROLEUM CORPORATI	COM	032511107	606	7,054	SH		SOLE		7,054	0	0
ANTARES PHARMA INC.	COM	036642106	943	226,600	SH		SOLE		226,600	0	0
ARGAN INC.	COM	04010E109	7,834	502,200	SH		SOLE		502,200	0	0
ASML HOLDING NV - NY REG SHS	COM	N07059210	910	11,502	SH		SOLE		11,502	0	0
AT&T	COM	00206R102	310	8,770	SH		SOLE		8,770	0	0
BALCHEM CORP	COM	057665200	6,549	146,354	SH		SOLE		146,354	0	0
BERKSHIRE HATHAWAY A	COM	084670108	3,709	22	SH		SOLE		22	0	0
BERKSHIRE HATHAWAY B	COM	084670207	1,884	16,835	SH		SOLE		16,835	0	0
BLACK DIAMOND INC.	COM	09202G101	17,331	1,845,731	SH		SOLE		1,845,731	0	0
BOTTOMLINE TECHNOLOGIES	COM	101388106	4,763	188,322	SH		SOLE		188,322	0	0
BRISTOL-MYERS SQUIBB CO	COM	110122108	524	11,723	SH		SOLE		11,723	0	0
BROWN & BROWN INC	COM	115236101	6,568	203,720	SH		SOLE		203,720	0	0
CANTEL MEDICAL CORP	COM	138098108	237	7,000	SH		SOLE		7,000	0	0
CARBO CERAMICS INC.	COM	140781105	1,940	28,764	SH		SOLE		28,764	0	0
CARLYLE GROUP	COM	14309L102	721	28,150	SH		SOLE		28,150	0	0
CELGENE CORPORATION	COM	151020104	1,100	9,400	SH		SOLE		9,400	0	0
CEVA, INC.	COM	157210105	257	13,300	SH		SOLE		13,300	0	0
CHEVRON CORPORATION	COM	166764100	387	3,270	SH		SOLE		3,270	0	0
COCA-COLA CO	COM	191216100	951	23,707	SH		SOLE		23,707	0	0
CONCUR TECHNOLOGIES, INC.	COM	206708109	3,912	48,070	SH		SOLE		48,070	0	0
COOPER COMPANIES, INC	COM	216648402	7,611	63,935	SH		SOLE		63,935	0	0
COPART INC	COM	217204106	8,823	286,470	SH		SOLE		286,470	0	0
CORE LABORATORIES NV	COM	N22717107	5,906	38,940	SH		SOLE		38,940	0	0
COSTAR GROUP INC	COM	22160N109	6,801	52,690	SH		SOLE		52,690	0	0
CVR PARTNERS LP	COM	126633106	455	20,000	SH		SOLE		20,000	0	0
CVS/CAREMARK CORPORATION	COM	126650100	286	5,000	SH		SOLE		5,000	0	0
DAILY JOURNAL CORP	COM	233912104	2,555	22,611	SH		SOLE		22,611	0	0
DORMAN PRODUCTS INC.	COM	258278100	6,464	141,670	SH		SOLE		141,670	0	0
DU PONT (E.I.) DE NEMOURS	COM	263534109	662	12,618	SH		SOLE		12,618	0	0
ELECTRONICS FOR IMAGING, INC	COM	286082102	8,215	290,400	SH		SOLE		290,400	0	0
ELLIE MAE INC	COM	28849P100	1,560	67,600	SH		SOLE		67,600	0	0
ENVESTNET INC	COM	29404K106	3,128	127,150	SH		SOLE		127,150	0	0
EPIQ SYSTEMS INC	COM	26882D109	2,518	186,950	SH		SOLE		186,950	0	0
EQUINIX INC	COM	29444U502	686	3,714	SH		SOLE		3,714	0	0
EXPEDITORS INTL	COM	302130109	844	22,200	SH		SOLE		22,200	0	0
EXXON MOBIL CORP	COM	30231G102	4,245	46,985	SH		SOLE		46,985	0	0
FEI COMPANY	COM	30241L109	3,907	53,500	SH		SOLE		53,500	0	0
FEMALE HEALTH COMPANY	COM	314462102	175	17,700	SH		SOLE		17,700	0	0
FRANCO-NEVADA CORP	COM	351858105	3,066	85,701	SH		SOLE		85,701	0	0
GENERAL ELECTRIC COMPANY	COM	369604103	515	22,224	SH		SOLE		22,224	0	0
GENERAL MILLS INC	COM	370334104	1,520	31,315	SH		SOLE		31,315	0	0
GEOSPACE TECHNOLOGIES CORP	COM	37364X109	2,608	37,750	SH		SOLE		37,750	0	0
GLOBAL X FTSE COLOMBIA 20	COM	37950E200	3,193	174,080	SH		SOLE		174,080	0	0
GOOGLE INC. CLASS A	COM	38259P508	405	460	SH		SOLE		460	0	0
HAEMONETICS CORP.	COM	405024100	2,426	58,674	SH		SOLE		58,674	0	0
HEALTHCARE SERVICES GROUP	COM	421906108	10,636	433,784	SH		SOLE		433,784	0	0
HERCULES TECHNOLOGY GROWTH C	COM	427096508	6,839	490,595	SH		SOLE		490,595	0	0
HEWLETT-PACKARD COMPANY	COM	428236103	214	8,630	SH		SOLE		8,630	0	0
IAC/INTERACTIVE CORPORATION	COM	44919P508	1,995	41,921	SH		SOLE		41,921	0	0
IHS INC.	COM	451734107	10,399	99,627	SH		SOLE		99,627	0	0
INCYTE CORP	COM	45337C102	5,581	253,660	SH		SOLE		253,660	0	0
INTERNATIONAL BUSINESS MACHI	COM	459200101	1,174	6,141	SH		SOLE		6,141	0	0
INVENTURE FOODS, INC.	COM	461212102	3,584	428,691	SH		SOLE		428,691	0	0
IPATH S&P 500 DYNAMIC VIX ET	COM	06741L609	6,647	155,480	SH		SOLE		155,480	0	0
ISHARES DJ SELECT DIVIDEND	COM	464287168	2,769	43,252	SH		SOLE		43,252	0	0
ISHARES MSCI EAFE GROWTH IND	COM	464288885	9,060	146,721	SH		SOLE		146,721	0	0
ISHARES MSCI EAFE INDEX FUND	COM	464287465	1,503	26,225	SH		SOLE		26,225	0	0
ISHARES MSCI EAFE VALUE INDE	COM	464288877	10,044	207,602	SH		SOLE		207,602	0	0
ISHARES S&P 500 GROWTH INDEX	COM	464287309	1,098	13,073	SH		SOLE		13,073	0	0
ISHARES S&P 500 VALUE INDEX	COM	464287408	3,054	40,312	SH		SOLE		40,312	0	0
ISHARES S&P NAT AMT-FREE MUN	COM	464288414	6,029	57,393	SH		SOLE		57,393	0	0
JOHNSON & JOHNSON	COM	478160104	244	2,843	SH		SOLE		2,843	0	0
KELLOGG CO	COM	487836108	293	4,565	SH		SOLE		4,565	0	0
KINDER MORGAN ENERGY PRTNRS	COM	494550106	4,757	55,700	SH		SOLE		55,700	0	0
KINDER MORGAN HOLDCO LLC	COM	49456B101	2,983	78,200	SH		SOLE		78,200	0	0
KINDER MORGAN MANAGEMENT	COM	49455U100	4,846	57,976	SH		SOLE		57,976	0	0
KRAFT FOODS GROUP INC.	COM	50076Q106	206	3,690	SH		SOLE		3,690	0	0
LIBERTY PROPERTIES	COM	531172104	296	8,000	SH		SOLE		8,000	0	0
LIFELOCK, INC.	COM	53224V100	8,116	693,049	SH		SOLE		693,049	0	0
LIGAND PHARMACEUTICALS - CL	COM	53220K504	11,447	306,059	SH		SOLE		306,059	0	0
LIQUIDITY SERVICES	COM	53635B107	9,490	273,735	SH		SOLE		273,735	0	0
LITTELFUSE INC	COM	537008104	3,041	40,760	SH		SOLE		40,760	0	0
LKQ CORP	COM	501889208	8,047	312,522	SH		SOLE		312,522	0	0
MARKETAXESS HOLDINGS INC	COM	57060D108	6,611	141,420	SH		SOLE		141,420	0	0
MAXIM INTEGRATED	COM	57772K101	475	17,100	SH		SOLE		17,100	0	0
MEASUREMENT SPECIALTIES, INC	COM	583421102	624	13,400	SH		SOLE		13,400	0	0
MEDIDATA SOLUTIONS INC	COM	58471A105	2,991	38,620	SH		SOLE		38,620	0	0
MONDELEZ INTERNATIONAL INC.	COM	609207105	328	11,490	SH		SOLE		11,490	0	0
MOVADO GROUP INC.	COM	624580106	2,640	78,050	SH		SOLE		78,050	0	0
NATIONAL AMERICAN UNIVERSITY	COM	63245Q105	1,676	448,136	SH		SOLE		448,136	0	0
NATIONAL AMERICAN UNIVERSITY	COM	63245Q105	512	152,000	SH		SOLE		152,000	0	0
NEW MOUNTAIN FINANCE CORP	COM	647551100	9,805	692,470	SH		SOLE		692,470	0	0
NORFOLK SOUTHERN CORP	COM	655844108	953	13,112	SH		SOLE		13,112	0	0
NUANCE COMMUNICATIONS INC	COM	67020Y100	1,470	79,900	SH		SOLE		79,900	0	0
ONYX PHARMACEUTICALS INC.	COM	683399109	5,196	59,850	SH		SOLE		59,850	0	0
ORASURE TECHNOLOGIES INC.	COM	68554V108	1,287	331,800	SH		SOLE		331,800	0	0
PEPSICO INC	COM	713448108	2,292	28,021	SH		SOLE		28,021	0	0
PFIZER INC	COM	717081103	206	7,358	SH		SOLE		7,358	0	0
PHILIP MORRIS INTERNATIONAL	COM	718172109	292	3,373	SH		SOLE		3,373	0	0
POPE RESOURCES LTD - LP	COM	732857107	242	3,450	SH		SOLE		3,450	0	0
POWERSHARES INS NATL MUN BND	COM	73936T474	9,190	384,370	SH		SOLE		384,370	0	0
POWERSHARES SENIOR LOAN PORT	COM	73936Q769	522	21,094	SH		SOLE		21,094	0	0
PPG INDUSTRIES INC	COM	693506107	1,018	6,953	SH		SOLE		6,953	0	0
PROS HOLDINGS INC.	COM	74346Y103	7,032	234,800	SH		SOLE		234,800	0	0
RED HAT INC	COM	756577102	406	8,500	SH		SOLE		8,500	0	0
REMARK MEDIA INC.	COM	75954W107	837	282,894	SH		SOLE		282,894	0	0
ROPER INDUSTRIES, INC	COM	776696106	2,486	20,010	SH		SOLE		20,010	0	0
SAEXPLORATION HOLDINGS, INC.	COM	78636X105	102	10,000	SH		SOLE		10,000	0	0
SANOFI (ADR)	COM	80105N105	881	17,110	SH		SOLE		17,110	0	0
SANTARUS INC.	COM	802817304	17,289	821,307	SH		SOLE		821,307	0	0
SCIQUEST INC	COM	80908T101	971	38,750	SH		SOLE		38,750	0	0
SEACHANGE INT`L INC.	COM	811699107	8,781	749,900	SH		SOLE		749,900	0	0
SIGMA-ALDRICH CORPORATION	COM	826552101	290	3,600	SH		SOLE		3,600	0	0
SILVER WHEATON CORP	COM	828336107	2,704	137,489	SH		SOLE		137,489	0	0
SKYWORKS SOLUTIONS INC	COM	83088M102	1,026	46,882	SH		SOLE		46,882	0	0
SPDR S&P 500 ETF TRUST	COM	78462F103	4,918	30,658	SH		SOLE		30,658	0	0
SPS COMMERCE INC	COM	78463M107	303	5,500	SH		SOLE		5,500	0	0
STAMPS.COM INC.	COM	852857200	6,854	174,000	SH		SOLE		174,000	0	0
STERICYCLE INC	COM	858912108	703	6,370	SH		SOLE		6,370	0	0
SVB FINANCIAL GROUP	COM	78486Q101	10,575	126,916	SH		SOLE		126,916	0	0
SYSCO CORPORATION	COM	871829107	1,162	34,022	SH		SOLE		34,022	0	0
TASER INT`L INC.	COM	87651B104	5,509	646,600	SH		SOLE		646,600	0	0
TILE SHOP HOLDINGS INC	COM	88677Q109	1,926	66,500	SH		SOLE		66,500	0	0
TREE.COM INC.	COM	894675107	492	28,700	SH		SOLE		28,700	0	0
TYLER TECHNOLOGIES, INC	COM	902252105	1,416	20,650	SH		SOLE		20,650	0	0
UDR INC.	COM	902653104	412	16,147	SH		SOLE		16,147	0	0
UNION PACIFIC CORP	COM	907818108	3,227	20,916	SH		SOLE		20,916	0	0
VANGUARD EXTENDED MARKET ETF	COM	922908652	5,123	73,360	SH		SOLE		73,360	0	0
VANGUARD REIT ETF	COM	922908553	3,747	54,530	SH		SOLE		54,530	0	0
VERIZON COMMUNICATIONS INC	COM	92343V104	341	6,770	SH		SOLE		6,770	0	0
VIASAT INC.	COM	92552V100	7,775	108,800	SH		SOLE		108,800	0	0
WAGEWORKS INC.	COM	930427109	8,437	244,900	SH		SOLE		244,900	0	0
WESTERN UNION	COM	959802109	240	14,035	SH		SOLE		14,035	0	0
WISCONSIN ENERGY CORP	COM	976657106	1,151	28,084	SH		SOLE		28,084	0	0
WISDOM TREE EMERGING MARKETS	COM	97717W315	5,994	124,032	SH		SOLE		124,032	0	0
WORLD ENERGY SOLUTIONS INC	COM	98145W208	468	118,000	SH		SOLE		118,000	0	0
YORKVILLE HIGH INCOME MLP	COM	301505103	13,119	705,124	SH		SOLE		705,124	0	0
PROSHARES SHORT RUSSELL2000	COM	74347R826	309	15,000	SH		SOLE		309	0	0