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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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	1,995	36,500	SH		SOLE	0	36,500	0	0
ADOBE SYSTEMS	COM	00724F101	454	5,600	SH		SOLE	0	5,600	0	0
ISHARES CORE U.S. AGGREGATE BOND FUND	COM	464287226	420	3,859	SH		SOLE	0	3,859	0	0
ARGAN INC.	COM	04010E109	27,967	693,450	SH		SOLE	0	693,450	0	0
ALKERMES PLC	COM	G01767105	387	6,010	SH		SOLE	0	6,010	0	0
AMAG PHARMACEUTICALS, INC.	COM	00163U106	11,551	167,260	SH		SOLE	0	167,260	0	0
ANADARKO PETROLEUM CORPORATION	COM	032511107	551	7,054	SH		SOLE	0	7,054	0	0
DIGITAL TURBINE, INC.	COM	25400W102	313	103,500	SH		SOLE	0	103,500	0	0
NATUS MEDICAL INC.	COM	639050103	8,831	207,500	SH		SOLE	0	207,500	0	0
BALCHEM CORP	COM	057665200	7,136	128,073	SH		SOLE	0	128,073	0	0
BG MEDICINE, INC.	COM	08861T107	6	11,787	SH		SOLE	0	11,787	0	0
POWERSHARES SENIOR LOAN PORTFOLIO	COM	73936Q769	422	17,738	SH		SOLE	0	17,738	0	0
BLACKROCK INVESTMENT QUALITY MUNICIPAL TRUST	COM	09247D105	705	48,492	SH		SOLE	0	48,492	0	0
BRISTOL-MYERS SQUIBB CO	COM	110122108	412	6,196	SH		SOLE	0	6,196	0	0
BROOKFIELD MORTGAGE OPPORTUNITY INCOME FUND	COM	112792106	625	39,503	SH		SOLE	0	39,503	0	0
BERKSHIRE HATHAWAY A	COM	084670108	4,507	22	SH		SOLE	0	22	0	0
BERKSHIRE HATHAWAY B	COM	084670207	1,271	9,335	SH		SOLE	0	9,335	0	0
BROWN & BROWN INC	COM	115236101	3,828	116,500	SH		SOLE	0	116,500	0	0
BLACKROCK CREDIT ALLOCATION INCOME TRUST FUND	COM	092508100	2,415	190,617	SH		SOLE	0	190,617	0	0
BLACKSTONE GROUP	COM	09253U108	777	19,000	SH		SOLE	0	19,000	0	0
CELGENE CORPORATION	COM	151020104	1,517	13,110	SH		SOLE	0	13,110	0	0
CARLYLE GROUP	COM	14309L102	632	22,450	SH		SOLE	0	22,450	0	0
CORE LABORATORIES NV	COM	N22717107	1,865	16,350	SH		SOLE	0	16,350	0	0
CANTEL MEDICAL CORP	COM	138098108	523	9,750	SH		SOLE	0	9,750	0	0
COOPER COMPANIES, INC	COM	216648402	6,530	36,690	SH		SOLE	0	36,690	0	0
COPART INC	COM	217204106	11,625	327,636	SH		SOLE	0	327,636	0	0
COSTAR GROUP INC	COM	22160N109	8,640	42,930	SH		SOLE	0	42,930	0	0
CVS HEALTH CORP	COM	126650100	535	5,100	SH		SOLE	0	5,100	0	0
CHEVRON CORPORATION	COM	166764100	315	3,270	SH		SOLE	0	3,270	0	0
DU PONT (E.I.) DE NEMOURS	COM	263534109	613	9,586	SH		SOLE	0	9,586	0	0
DANAHER CORPORATION	COM	235851102	1,755	20,500	SH		SOLE	0	20,500	0	0
SPDR DOW JONES INDUSTRIAL AVERAGE ETF TRUST	COM	78467X109	614	3,492	SH		SOLE	0	3,492	0	0
DAILY JOURNAL CORP	COM	233912104	5,124	26,076	SH		SOLE	0	26,076	0	0
DIGITAL THEATER SYSTEMS INC.	COM	23335C101	5,926	194,357	SH		SOLE	0	194,357	0	0
EBIX INC.	COM	278715206	20,985	643,500	SH		SOLE	0	643,500	0	0
ISHARES MSCI EAFE INDEX FUND	COM	464287465	2,780	43,792	SH		SOLE	0	43,792	0	0
ISHARES TR MSCI EAFE GROWTH INDEX FD	COM	464288885	4,075	58,311	SH		SOLE	0	58,311	0	0
ISHARES MSCI EAFE VALUE ETF	COM	464288877	3,659	69,914	SH		SOLE	0	69,914	0	0
ENVESTNET INC	COM	29404K106	3,227	79,820	SH		SOLE	0	79,820	0	0
EQUINIX INC	COM	29444U700	296	1,165	SH		SOLE	0	1,165	0	0
EATON VANCE MUNICIPAL INCOME	COM	27826U108	1,976	157,975	SH		SOLE	0	157,975	0	0
EATON VANCE NY MUNICIPAL INC.	COM	27826W104	687	51,351	SH		SOLE	0	51,351	0	0
EXPEDITORS INTL	COM	302130109	586	12,700	SH		SOLE	0	12,700	0	0
SPDR EURO STOXX 50 FUND	COM	78463X202	3,834	102,429	SH		SOLE	0	102,429	0	0
FLEETMATICS GROUP PLC	COM	G35569105	12,152	259,500	SH		SOLE	0	259,500	0	0
FINANCIAL ENGINES, INC	COM	317485100	9,290	218,700	SH		SOLE	0	218,700	0	0
FRANCO-NEVADA CORP	COM	351858105	7,624	159,995	SH		SOLE	0	159,995	0	0
GUGGENHEIM BUILD AMERICA BONDS MANAGED DURATION TR	COM	401664107	675	32,850	SH		SOLE	0	32,850	0	0
GENERAL MILLS INC	COM	370334104	579	10,400	SH		SOLE	0	10,400	0	0
GAMCO NATURAL RESOURCES GOLD AND INCOME TRUST	COM	36465E101	2,094	273,760	SH		SOLE	0	273,760	0	0
GOOGLE INC - CL C	COM	38259P706	239	460	SH		SOLE	0	460	0	0
GOOGLE INC. CLASS A	COM	38259P508	248	460	SH		SOLE	0	460	0	0
HEALTHCARE SERVICES GROUP	COM	421906108	1,286	38,900	SH		SOLE	0	38,900	0	0
HEWLETT-PACKARD COMPANY	COM	428236103	259	8,630	SH		SOLE	0	8,630	0	0
HERCULES TECHNOLOGY GROWTH CAPITAL INC.	COM	427096508	4,781	413,948	SH		SOLE	0	413,948	0	0
ISHARES BARCLAY 7-10 YEAR TREASURY BOND FUND	COM	464287440	214	2,036	SH		SOLE	0	2,036	0	0
ISHARES INTERNATIONAL DEVELOPED REAL ESTATE ETF	COM	464288489	1,906	64,098	SH		SOLE	0	64,098	0	0
IHS INC.	COM	451734107	8,700	67,635	SH		SOLE	0	67,635	0	0
INCYTE CORP	COM	45337C102	9,987	95,840	SH		SOLE	0	95,840	0	0
BROOKFIELD GLOBAL LISTED INFRASTRUCTURE INCOME FUN	COM	11273Q109	1,947	117,660	SH		SOLE	0	117,660	0	0
INVESCO QUALITY MUNIPAL INCOME	COM	46133G107	157	13,269	SH		SOLE	0	13,269	0	0
ISHARES S&P 500 VALUE ETF	COM	464287408	306	3,317	SH		SOLE	0	3,317	0	0
ISHARES S&P 500 GROWTH ETF	COM	464287309	447	3,929	SH		SOLE	0	3,929	0	0
JOHNSON & JOHNSON	COM	478160104	297	3,043	SH		SOLE	0	3,043	0	0
COCA-COLA CO	COM	191216100	896	22,837	SH		SOLE	0	22,837	0	0
LITTELFUSE INC	COM	537008104	9,502	100,135	SH		SOLE	0	100,135	0	0
LIGAND PHARMACEUTICALS - CL B	COM	53220K504	10,699	106,035	SH		SOLE	0	106,035	0	0
LKQ CORP	COM	501889208	3,481	115,100	SH		SOLE	0	115,100	0	0
LIFELOCK, INC.	COM	53224V100	2,367	144,353	SH		SOLE	0	144,353	0	0
LOGMEIN, INC	COM	54142L109	18,264	283,200	SH		SOLE	0	283,200	0	0
ISHARES IBOXX INV. GRADE CORP. BOND FUND	COM	464287242	284	2,455	SH		SOLE	0	2,455	0	0
REMARK MEDIA INC.	COM	75954W107	5,592	1,380,704	SH		SOLE	0	1,380,704	0	0
MEDICINES COMPANY	COM	584688105	10,096	352,900	SH		SOLE	0	352,900	0	0
MONDELEZ INTERNATIONAL INC.	COM	609207105	473	11,490	SH		SOLE	0	11,490	0	0
MFS INTERMEDIATE INCOME TRUST	COM	55273C107	1,913	414,050	SH		SOLE	0	414,050	0	0
MARKETAXESS HOLDINGS INC	COM	57060D108	10,410	112,210	SH		SOLE	0	112,210	0	0
3M CO	COM	88579Y101	320	2,077	SH		SOLE	0	2,077	0	0
ALTRIA GROUP INC	COM	02209S103	615	12,575	SH		SOLE	0	12,575	0	0
MANAGED DURATION INV GRADE	COM	56165R103	2,624	198,058	SH		SOLE	0	198,058	0	0
NEWPORT CORPORATION	COM	651824104	8,989	474,108	SH		SOLE	0	474,108	0	0
NUVEEN PREMIER MUNICIPAL INCOME FUND, INC.	COM	670988104	141	10,912	SH		SOLE	0	10,912	0	0
NORFOLK SOUTHERN CORP	COM	655844108	765	8,755	SH		SOLE	0	8,755	0	0
NETSCOUT SYSTEMS, INC.	COM	64115T104	8,074	220,191	SH		SOLE	0	220,191	0	0
NVE CORPORATION	COM	629445206	4,328	55,200	SH		SOLE	0	55,200	0	0
NV5 HOLDINGS INC.	COM	62945V109	5,436	224,066	SH		SOLE	0	224,066	0	0
ORASURE TECHNOLOGIES INC.	COM	68554V108	1,747	324,200	SH		SOLE	0	324,200	0	0
PIMCO DYNAMIC CREDIT INCOME FUND	COM	72202D106	3,607	178,757	SH		SOLE	0	178,757	0	0
PEPSICO INC	COM	713448108	913	9,780	SH		SOLE	0	9,780	0	0
POPE RESOURCES LTD - LP	COM	732857107	559	8,170	SH		SOLE	0	8,170	0	0
PPG INDUSTRIES INC	COM	693506107	728	6,342	SH		SOLE	0	6,342	0	0
PROS HOLDINGS INC.	COM	74346Y103	1,501	71,120	SH		SOLE	0	71,120	0	0
POWERSHARES NATIONAL AMT-FREE MUNICIPAL BOND PORTF	COM	73936T474	1,084	43,846	SH		SOLE	0	43,846	0	0
ROPER TECHNOLOGIES, INC	COM	776696106	3,460	20,060	SH		SOLE	0	20,060	0	0
PROSHARES SHORT RUSSELL2000	COM	74347R826	1,195	20,600	SH		SOLE	0	20,600	0	0
SVB FINANCIAL GROUP	COM	78486Q101	9,789	67,987	SH		SOLE	0	67,987	0	0
STANDARD METALS PROCESSING, INC.	COM	853616100	8,177	10,220,977	SH		SOLE	0	10,220,977	0	0
INVENTURE FOODS, INC.	COM	461212102	4,549	448,145	SH		SOLE	0	448,145	0	0
SUPERCOM LTD	COM	M87095119	2,869	226,300	SH		SOLE	0	226,300	0	0
SPECTRUM PHARMACEUTICALS INC.	COM	84763A108	8,549	1,249,819	SH		SOLE	0	1,249,819	0	0
SPDR S&P 500 ETF TRUST	COM	78462F103	4,141	20,115	SH		SOLE	0	20,115	0	0
STERICYCLE INC	COM	858912108	264	1,970	SH		SOLE	0	1,970	0	0
SUPERNUS PHARMACEUTICALS INC.	COM	868459108	12,090	711,987	SH		SOLE	0	711,987	0	0
SOLARWINDS INC.	COM	83416B109	9,657	209,350	SH		SOLE	0	209,350	0	0
SKYWORKS SOLUTIONS INC	COM	83088M102	1,085	10,420	SH		SOLE	0	10,420	0	0
SYSCO CORPORATION	COM	871829107	644	17,851	SH		SOLE	0	17,851	0	0
AT&T	COM	00206R102	312	8,770	SH		SOLE	0	8,770	0	0
TASER INT`L INC.	COM	87651B104	4,098	123,039	SH		SOLE	0	123,039	0	0
BIO-TECHNE CORP	COM	09073M104	857	8,700	SH		SOLE	0	8,700	0	0
TEVA PHARMACEUTICAL ADR	COM	881624209	721	12,200	SH		SOLE	0	12,200	0	0
TYLER TECHNOLOGIES, INC	COM	902252105	2,403	18,570	SH		SOLE	0	18,570	0	0
UDR INC.	COM	902653104	517	16,147	SH		SOLE	0	16,147	0	0
AMERCO HOLDING COMPANY	COM	023586100	3,629	11,100	SH		SOLE	0	11,100	0	0
UNION PACIFIC CORP	COM	907818108	3,990	41,832	SH		SOLE	0	41,832	0	0
VANGUARD TOTAL STOCK MARKET ETF	COM	922908769	1,722	16,095	SH		SOLE	0	16,095	0	0
VICOR CORP	COM	925815102	17,550	1,439,718	SH		SOLE	0	1,439,718	0	0
VERINT SYSTEMS INC.	COM	92343X100	7,987	131,491	SH		SOLE	0	131,491	0	0
VIASAT INC.	COM	92552V100	4,785	79,400	SH		SOLE	0	79,400	0	0
VERIZON COMMUNICATIONS INC	COM	92343V104	316	6,770	SH		SOLE	0	6,770	0	0
WEBMD HEALTH CORP	COM	94770V102	266	6,000	SH		SOLE	0	6,000	0	0
WISCONSIN ENERGY CORP	COM	976657106	329	7,313	SH		SOLE	0	7,313	0	0
WESTERN UNION	COM	959802109	285	14,035	SH		SOLE	0	14,035	0	0
EXXON MOBIL CORP	COM	30231G102	3,489	41,931	SH		SOLE	0	41,931	0	0