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

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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
ADVISORY BOARD	COM	00762W107	1,945	36,500	SH		SOLE	0	36,500	0	0
ADOBE SYSTEMS	COM	00724F101	414	5,600	SH		SOLE	0	5,600	0	0
ARGAN INC.	COM	04010E109	23,148	639,981	SH		SOLE	0	639,981	0	0
ALKERMES PLC	COM	G01767105	366	6,010	SH		SOLE	0	6,010	0	0
AMAG PHARMACEUTICALS, INC.	COM	00163U106	7,007	128,200	SH		SOLE	0	128,200	0	0
ANADARKO PETROLEUM CORPORATION	COM	032511107	584	7,054	SH		SOLE	0	7,054	0	0
DIGITAL TURBINE, INC.	COM	25400W102	212	65,000	SH		SOLE	0	65,000	0	0
NATUS MEDICAL INC.	COM	639050103	6,155	155,950	SH		SOLE	0	155,950	0	0
BALCHEM CORP	COM	057665200	7,250	130,907	SH		SOLE	0	130,907	0	0
BG MEDICINE, INC.	COM	08861T107	10	11,787	SH		SOLE	0	11,787	0	0
BAIDU, INC. - SPON ADR	COM	056752108	208	1,000	SH		SOLE	0	1,000	0	0
POWERSHARES SENIOR LOAN PORTFOLIO	COM	73936Q769	268	11,122	SH		SOLE	0	11,122	0	0
BLACKROCK INVESTMENT QUALITY MUNICIPAL TRUST	BKN	09247D105	1,931	121,059	SH		SOLE	0	121,059	0	0
BRISTOL-MYERS SQUIBB CO	COM	110122108	400	6,196	SH		SOLE	0	6,196	0	0
BROOKFIELD MORTGAGE OPPORTUNITY INCOME FUND	COM	112792106	488	29,607	SH		SOLE	0	29,607	0	0
BERKSHIRE HATHAWAY A	COM	084670108	4,785	22	SH		SOLE	0	22	0	0
BERKSHIRE HATHAWAY B	COM	084670207	1,347	9,335	SH		SOLE	0	9,335	0	0
BROWN & BROWN INC	COM	115236101	6,256	188,945	SH		SOLE	0	188,945	0	0
BLACKROCK CREDIT ALLOCATION INCOME TRUST FUND	COM	092508100	984	73,125	SH		SOLE	0	73,125	0	0
BLACKSTONE GROUP	COM	09253U108	233	6,000	SH		SOLE	0	6,000	0	0
CELGENE CORPORATION	COM	151020104	1,695	14,700	SH		SOLE	0	14,700	0	0
CARLYLE GROUP	COM	14309L102	771	28,450	SH		SOLE	0	28,450	0	0
COGNEX CORPORATION	COM	192422103	283	5,700	SH		SOLE	0	5,700	0	0
CORE LABORATORIES NV	COM	N22717107	1,708	16,350	SH		SOLE	0	16,350	0	0
CANTEL MEDICAL CORP	COM	138098108	463	9,750	SH		SOLE	0	9,750	0	0
COOPER COMPANIES, INC	COM	216648402	7,105	37,910	SH		SOLE	0	37,910	0	0
COPART INC	COM	217204106	12,475	332,036	SH		SOLE	0	332,036	0	0
COSTAR GROUP INC	COM	22160N109	8,662	43,785	SH		SOLE	0	43,785	0	0
CVS HEALTH CORP	COM	126650100	526	5,100	SH		SOLE	0	5,100	0	0
CHEVRON CORPORATION	COM	166764100	343	3,270	SH		SOLE	0	3,270	0	0
DU PONT (E.I.) DE NEMOURS	COM	263534109	690	9,648	SH		SOLE	0	9,648	0	0
DANAHER CORPORATION	COM	235851102	1,740	20,500	SH		SOLE	0	20,500	0	0
SPDR DOW JONES INDUSTRIAL AVERAGE ETF TRUST	COM	78467X109	2,216	12,479	SH		SOLE	0	12,479	0	0
DAILY JOURNAL CORP	COM	233912104	4,869	26,576	SH		SOLE	0	26,576	0	0
DIGITAL THEATER SYSTEMS INC.	COM	23335C101	6,697	196,557	SH		SOLE	0	196,557	0	0
EBIX INC.	COM	278715206	15,914	523,837	SH		SOLE	0	523,837	0	0
ISHARES MSCI EAFE INDEX FUND	COM	464287465	1,988	30,976	SH		SOLE	0	30,976	0	0
ISHARES TR MSCI EAFE GROWTH INDEX FD	COM	464288885	6,590	94,054	SH		SOLE	0	94,054	0	0
ELECTRONICS FOR IMAGING, INC.	COM	286082102	3,810	91,250	SH		SOLE	0	91,250	0	0
ISHARES MSCI EAFE VALUE ETF	COM	464288877	6,990	131,191	SH		SOLE	0	131,191	0	0
ENVESTNET INC	COM	29404K106	4,532	80,820	SH		SOLE	0	80,820	0	0
BOTTOMLINE TECHNOLOGIES	COM	101388106	275	10,060	SH		SOLE	0	10,060	0	0
EQUINIX INC	COM	29444U700	271	1,165	SH		SOLE	0	1,165	0	0
EATON VANCE MUNICIPAL INCOME	COM	27826U108	3,280	236,470	SH		SOLE	0	236,470	0	0
EATON VANCE NY MUNICIPAL INC.	COM	27826W104	1,407	101,921	SH		SOLE	0	101,921	0	0
EXPEDITORS INTL	COM	302130109	612	12,700	SH		SOLE	0	12,700	0	0
FEI COMPANY	COM	30241L109	1,634	21,410	SH		SOLE	0	21,410	0	0
SPDR EURO STOXX 50 FUND	COM	78463X202	4,004	103,140	SH		SOLE	0	103,140	0	0
FLEETMATICS GROUP PLC	COM	G35569105	5,754	128,300	SH		SOLE	0	128,300	0	0
FINANCIAL ENGINES, INC	COM	317485100	9,454	226,000	SH		SOLE	0	226,000	0	0
FRANCO-NEVADA CORP	COM	351858105	7,946	163,694	SH		SOLE	0	163,694	0	0
GUGGENHEIM BUILD AMERICA BONDS MANAGED DURATION TR	COM	401664107	1,859	82,939	SH		SOLE	0	82,939	0	0
GENERAL MILLS INC	COM	370334104	1,192	21,061	SH		SOLE	0	21,061	0	0
CORNING INC	COM	219350105	204	8,989	SH		SOLE	0	8,989	0	0
GAMCO NATURAL RESOURCES GOLD AND INCOME TRUST	COM	36465E101	2,959	370,808	SH		SOLE	0	370,808	0	0
GOOGLE INC - CL C	COM	38259P706	252	460	SH		SOLE	0	460	0	0
GOOGLE INC. CLASS A	COM	38259P508	255	460	SH		SOLE	0	460	0	0
HEALTHCARE SERVICES GROUP	COM	421906108	1,361	42,350	SH		SOLE	0	42,350	0	0
HEWLETT-PACKARD COMPANY	COM	428236103	269	8,630	SH		SOLE	0	8,630	0	0
HERCULES TECHNOLOGY GROWTH CAPITAL INC.	COM	427096508	6,651	493,392	SH		SOLE	0	493,392	0	0
ISHARES INTERNATIONAL DEVELOPED REAL ESTATE ETF	COM	464288489	2,905	93,568	SH		SOLE	0	93,568	0	0
IHS INC.	COM	451734107	7,740	68,035	SH		SOLE	0	68,035	0	0
INCYTE CORP	COM	45337C102	11,333	123,640	SH		SOLE	0	123,640	0	0
BROOKFIELD GLOBAL LISTED INFRASTRUCTURE INCOME FUN	COM	11273Q109	2,720	133,394	SH		SOLE	0	133,394	0	0
ISHARES S&P 500 VALUE ETF	COM	464287408	1,657	17,902	SH		SOLE	0	17,902	0	0
ISHARES S&P 500 GROWTH ETF	COM	464287309	1,789	15,698	SH		SOLE	0	15,698	0	0
JOHNSON & JOHNSON	COM	478160104	306	3,043	SH		SOLE	0	3,043	0	0
COCA-COLA CO	COM	191216100	926	22,837	SH		SOLE	0	22,837	0	0
LITTELFUSE INC	COM	537008104	10,241	103,035	SH		SOLE	0	103,035	0	0
LIGAND PHARMACEUTICALS - CL B	COM	53220K504	8,292	107,535	SH		SOLE	0	107,535	0	0
LKQ CORP	COM	501889208	2,942	115,100	SH		SOLE	0	115,100	0	0
LIFELOCK, INC.	COM	53224V100	5,461	387,003	SH		SOLE	0	387,003	0	0
LOGMEIN, INC	COM	54142L109	16,546	295,509	SH		SOLE	0	295,509	0	0
ISHARES IBOXX INV. GRADE CORP. BOND FUND	COM	464287242	888	7,294	SH		SOLE	0	7,294	0	0
REMARK MEDIA INC.	COM	75954W107	5,919	1,376,704	SH		SOLE	0	1,376,704	0	0
MEDICINES COMPANY	COM	584688105	10,366	369,950	SH		SOLE	0	369,950	0	0
MONDELEZ INTERNATIONAL INC.	COM	609207105	415	11,490	SH		SOLE	0	11,490	0	0
MEDIDATA SOLUTIONS INC	COM	58471A105	1,915	39,055	SH		SOLE	0	39,055	0	0
MFS INTERMEDIATE INCOME TRUST	COM	55273C107	2,013	413,339	SH		SOLE	0	413,339	0	0
MARKETAXESS HOLDINGS INC	COM	57060D108	11,986	144,580	SH		SOLE	0	144,580	0	0
3M CO	COM	88579Y101	343	2,077	SH		SOLE	0	2,077	0	0
ALTRIA GROUP INC	COM	02209S103	1,116	22,305	SH		SOLE	0	22,305	0	0
ISHARES S&P NAT AMT-FREE MUN	COM	464288414	368	3,323	SH		SOLE	0	3,323	0	0
MANAGED DURATION INV GRADE	COM	56165R103	3,991	293,918	SH		SOLE	0	293,918	0	0
NEWPORT CORPORATION	COM	651824104	9,490	497,908	SH		SOLE	0	497,908	0	0
NORFOLK SOUTHERN CORP	COM	655844108	901	8,755	SH		SOLE	0	8,755	0	0
NETSCOUT SYSTEMS, INC.	COM	64115T104	9,853	224,691	SH		SOLE	0	224,691	0	0
NVE CORPORATION	COM	629445206	1,158	16,800	SH		SOLE	0	16,800	0	0
NV5 HOLDINGS INC.	COM	62945V109	983	60,100	SH		SOLE	0	60,100	0	0
ORASURE TECHNOLOGIES INC.	COM	68554V108	2,134	326,300	SH		SOLE	0	326,300	0	0
PIMCO DYNAMIC CREDIT INCOME FUND	COM	72202D106	4,294	210,301	SH		SOLE	0	210,301	0	0
PEPSICO INC	COM	713448108	1,946	20,349	SH		SOLE	0	20,349	0	0
POPE RESOURCES LTD - LP	COM	732857107	601	9,470	SH		SOLE	0	9,470	0	0
PPG INDUSTRIES INC	COM	693506107	715	3,171	SH		SOLE	0	3,171	0	0
PROS HOLDINGS INC.	COM	74346Y103	3,904	158,000	SH		SOLE	0	158,000	0	0
POWERSHARES NATIONAL AMT-FREE MUNICIPAL BOND PORTF	COM	73936T474	8,815	345,288	SH		SOLE	0	345,288	0	0
ROPER INDUSTRIES, INC	COM	776696106	3,459	20,110	SH		SOLE	0	20,110	0	0
SHUTTERFLY INC.	COM	82568P304	6,198	137,010	SH		SOLE	0	137,010	0	0
SVB FINANCIAL GROUP	COM	78486Q101	8,701	68,489	SH		SOLE	0	68,489	0	0
INVENTURE FOODS, INC.	COM	461212102	6,532	583,747	SH		SOLE	0	583,747	0	0
SYNCHRONOSS TECHNOLOGIES INC.	COM	87157B103	4,869	102,600	SH		SOLE	0	102,600	0	0
SPECTRUM PHARMACEUTICALS INC.	COM	84763A108	7,655	1,261,162	SH		SOLE	0	1,261,162	0	0
SPS COMMERCE INC	COM	78463M107	201	3,000	SH		SOLE	0	3,000	0	0
SPDR S&P 500 ETF TRUST	COM	78462F103	10,757	52,109	SH		SOLE	0	52,109	0	0
STERICYCLE INC	COM	858912108	277	1,970	SH		SOLE	0	1,970	0	0
SUPERNUS PHARMACEUTICALS INC.	COM	868459108	8,221	679,987	SH		SOLE	0	679,987	0	0
SOLARWINDS INC.	COM	83416B109	8,680	169,400	SH		SOLE	0	169,400	0	0
SKYWORKS SOLUTIONS INC	COM	83088M102	1,327	13,500	SH		SOLE	0	13,500	0	0
SYNAPTICS INC.	COM	87157D109	236	2,900	SH		SOLE	0	2,900	0	0
SYSCO CORPORATION	COM	871829107	674	17,851	SH		SOLE	0	17,851	0	0
AT&T	COM	00206R102	286	8,770	SH		SOLE	0	8,770	0	0
TASER INT`L INC.	COM	87651B104	3,176	131,739	SH		SOLE	0	131,739	0	0
BIO-TECHNE CORP	COM	09073M104	873	8,700	SH		SOLE	0	8,700	0	0
TEVA PHARMACEUTICAL ADR	COM	881624209	760	12,200	SH		SOLE	0	12,200	0	0
T ROWE PRICE GROUP INC.	COM	74144T108	208	2,570	SH		SOLE	0	2,570	0	0
TYLER TECHNOLOGIES, INC	COM	902252105	2,244	18,620	SH		SOLE	0	18,620	0	0
UDR INC.	COM	902653104	549	16,147	SH		SOLE	0	16,147	0	0
AMERCO HOLDING COMPANY	COM	023586100	3,634	11,000	SH		SOLE	0	11,000	0	0
UNION PACIFIC CORP	COM	907818108	4,531	41,832	SH		SOLE	0	41,832	0	0
VICOR CORP	COM	925815102	22,352	1,470,510	SH		SOLE	0	1,470,510	0	0
VERINT SYSTEMS INC.	COM	92343X100	8,094	130,700	SH		SOLE	0	130,700	0	0
VIASAT INC.	COM	92552V100	4,304	72,200	SH		SOLE	0	72,200	0	0
VERIZON COMMUNICATIONS INC	COM	92343V104	329	6,770	SH		SOLE	0	6,770	0	0
WAGEWORKS INC.	COM	930427109	5,562	104,300	SH		SOLE	0	104,300	0	0
WISCONSIN ENERGY CORP	COM	976657106	984	19,873	SH		SOLE	0	19,873	0	0
WESTERN UNION	COM	959802109	292	14,035	SH		SOLE	0	14,035	0	0
EXXON MOBIL CORP	COM	30231G102	3,737	43,970	SH		SOLE	0	43,970	0	0