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
Expires:	Oct 31, 2018
Estimated average burden
hours per response:		23.8

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	1,166	23,500	SH		SOLE	0	23,500	0	0
ADOBE SYSTEMS	COM	00724F101	526	5,600	SH		SOLE	0	5,600	0	0
ISHARES CORE U.S. AGGREGATE BOND FUND	COM	464287226	2,194	20,311	SH		SOLE	0	20,311	0	0
ARGAN INC.	COM	04010E109	23,757	733,240	SH		SOLE	0	733,240	0	0
AMAG PHARMACEUTICALS, INC.	COM	00163U106	3,853	127,625	SH		SOLE	0	127,625	0	0
ALBANY MOLECULAR RESEARCH, INC.	COM	012423109	3,573	180,000	SH		SOLE	0	180,000	0	0
AMERICAN SOFTWARE INC.	COM	029683109	229	22,500	SH		SOLE	0	22,500	0	0
AMAZON	COM	023135106	205	303	SH		SOLE	0	303	0	0
ANADARKO PETROLEUM CORPORATION	COM	032511107	266	5,468	SH		SOLE	0	5,468	0	0
NATUS MEDICAL INC.	COM	639050103	12,190	253,696	SH		SOLE	0	253,696	0	0
BALCHEM CORP	COM	057665200	4,706	77,409	SH		SOLE	0	77,409	0	0
BLACKROCK INVESTMENT QUALITY MUNICIPAL TRUST	COM	09247D105	433	28,153	SH		SOLE	0	28,153	0	0
BRISTOL-MYERS SQUIBB CO	COM	110122108	454	6,596	SH		SOLE	0	6,596	0	0
BERKSHIRE HATHAWAY A	COM	084670108	4,352	22	SH		SOLE	0	22	0	0
BERKSHIRE HATHAWAY B	COM	084670207	875	6,629	SH		SOLE	0	6,629	0	0
BROWN & BROWN INC	COM	115236101	1,934	60,248	SH		SOLE	0	60,248	0	0
BLACKROCK CREDIT ALLOCATION INCOME TRUST FUND	COM	092508100	2,831	229,430	SH		SOLE	0	229,430	0	0
META FINANCIAL GROUP INC	COM	59100U108	17,614	383,500	SH		SOLE	0	383,500	0	0
CORE LABORATORIES NV	COM	N22717107	1,783	16,400	SH		SOLE	0	16,400	0	0
CANTEL MEDICAL CORP	COM	138098108	595	9,569	SH		SOLE	0	9,569	0	0
COOPER COMPANIES, INC	COM	216648402	230	1,716	SH		SOLE	0	1,716	0	0
COPART INC	COM	217204106	12,187	320,622	SH		SOLE	0	320,622	0	0
COSTAR GROUP INC	COM	22160N109	8,398	40,633	SH		SOLE	0	40,633	0	0
CVS HEALTH CORP	COM	126650100	440	4,500	SH		SOLE	0	4,500	0	0
CHEVRON CORPORATION	COM	166764100	294	3,270	SH		SOLE	0	3,270	0	0
DU PONT (E.I.) DE NEMOURS	COM	263534109	518	7,781	SH		SOLE	0	7,781	0	0
DANAHER CORPORATION	COM	235851102	462	4,970	SH		SOLE	0	4,970	0	0
DAILY JOURNAL CORP	COM	233912104	5,267	26,076	SH		SOLE	0	26,076	0	0
DIGITAL THEATER SYSTEMS INC.	COM	23335C101	2,256	99,908	SH		SOLE	0	99,908	0	0
EBIX INC.	COM	278715206	25,070	764,550	SH		SOLE	0	764,550	0	0
ISHARES MSCI EMERGING MARKETS MINIMUM VOLATILITY E	COM	464286533	802	16,479	SH		SOLE	0	16,479	0	0
ISHARES MSCI EAFE INDEX FUND	COM	464287465	4,798	81,711	SH		SOLE	0	81,711	0	0
ISHARES TR MSCI EAFE GROWTH INDEX FD	COM	464288885	4,620	68,810	SH		SOLE	0	68,810	0	0
ISHARES MSCI EAFE VALUE ETF	COM	464288877	4,123	88,625	SH		SOLE	0	88,625	0	0
ENVESTNET INC	COM	29404K106	2,556	85,639	SH		SOLE	0	85,639	0	0
EQUINIX INC	COM	29444U700	308	1,018	SH		SOLE	0	1,018	0	0
EATON VANCE MUNICIPAL INCOME	COM	27826U108	948	69,032	SH		SOLE	0	69,032	0	0
EXPEDITORS INTL	COM	302130109	443	9,818	SH		SOLE	0	9,818	0	0
SPDR EURO STOXX 50 FUND	COM	78463X202	4,347	126,264	SH		SOLE	0	126,264	0	0
FLEETMATICS GROUP PLC	COM	G35569105	14,949	294,330	SH		SOLE	0	294,330	0	0
FINANCIAL ENGINES, INC	COM	317485100	8,577	254,724	SH		SOLE	0	254,724	0	0
FRANCO-NEVADA CORP	COM	351858105	5,128	112,096	SH		SOLE	0	112,096	0	0
GUGGENHEIM BUILD AMERICA BONDS MANAGED DURATION TR	COM	401664107	817	38,305	SH		SOLE	0	38,305	0	0
GENERAL MILLS INC	COM	370334104	600	10,400	SH		SOLE	0	10,400	0	0
ALPHABET INC - CL C	COM	38259P706	349	460	SH		SOLE	0	460	0	0
ALPHABET INC. CLASS A	COM	38259P508	358	460	SH		SOLE	0	460	0	0
GLOBAL PAYMENTS INC	COM	37940X102	212	3,280	SH		SOLE	0	3,280	0	0
HEALTHCARE SERVICES GROUP	COM	421906108	949	27,227	SH		SOLE	0	27,227	0	0
HERCULES TECHNOLOGY GROWTH CAPITAL INC.	COM	427096508	1,593	130,700	SH		SOLE	0	130,700	0	0
IHS INC.	COM	451734107	7,507	63,384	SH		SOLE	0	63,384	0	0
INCYTE CORP	COM	45337C102	10,228	94,310	SH		SOLE	0	94,310	0	0
BROOKFIELD GLOBAL LISTED INFRASTRUCTURE INCOME FUN	COM	11273Q109	2,137	181,849	SH		SOLE	0	181,849	0	0
INVESCO QUALITY MUNIPAL INCOME	COM	46133G107	618	48,675	SH		SOLE	0	48,675	0	0
JOHNSON & JOHNSON	COM	478160104	303	2,950	SH		SOLE	0	2,950	0	0
COCA-COLA CO	COM	191216100	981	22,837	SH		SOLE	0	22,837	0	0
LITTELFUSE INC	COM	537008104	7,419	69,326	SH		SOLE	0	69,326	0	0
LIGAND PHARMACEUTICALS - CL B	COM	53220K504	11,213	103,420	SH		SOLE	0	103,420	0	0
LKQ CORP	COM	501889208	3,304	111,500	SH		SOLE	0	111,500	0	0
ELI LILLY & COMPANY	COM	532457108	211	2,505	SH		SOLE	0	2,505	0	0
LIFELOCK, INC.	COM	53224V100	12,591	877,453	SH		SOLE	0	877,453	0	0
LOGMEIN, INC	COM	54142L109	20,499	305,494	SH		SOLE	0	305,494	0	0
ISHARES IBOXX INV. GRADE CORP. BOND FUND	COM	464287242	2,113	18,532	SH		SOLE	0	18,532	0	0
REMARK MEDIA INC.	COM	75954W107	9,943	1,919,416	SH		SOLE	0	1,919,416	0	0
MEDICINES COMPANY	COM	584688105	14,839	397,415	SH		SOLE	0	397,415	0	0
MONDELEZ INTERNATIONAL INC.	COM	609207105	515	11,490	SH		SOLE	0	11,490	0	0
MEDIDATA SOLUTIONS INC	COM	58471A105	563	11,425	SH		SOLE	0	11,425	0	0
MERCADO LIBRE	COM	58733R102	343	3,000	SH		SOLE	0	3,000	0	0
MARKETAXESS HOLDINGS INC	COM	57060D108	12,048	107,970	SH		SOLE	0	107,970	0	0
3M CO	COM	88579Y101	313	2,077	SH		SOLE	0	2,077	0	0
ALTRIA GROUP INC	COM	02209S103	732	12,575	SH		SOLE	0	12,575	0	0
MICROSOFT CORPORATION	COM	594918104	1,198	21,600	SH		SOLE	0	21,600	0	0
MANAGED DURATION INV GRADE	COM	56165R103	3,662	266,110	SH		SOLE	0	266,110	0	0
NEWPORT CORPORATION	COM	651824104	984	62,008	SH		SOLE	0	62,008	0	0
NEW RELIC, INC.	COM	64829B100	4,718	129,500	SH		SOLE	0	129,500	0	0
NUVEEN MUNI MKT OPPORTUNITY FD	COM	67062W103	206	14,927	SH		SOLE	0	14,927	0	0
NUVEEN PREMIER MUNICIPAL INCOME FUND, INC.	COM	670988104	492	35,991	SH		SOLE	0	35,991	0	0
NORFOLK SOUTHERN CORP	COM	655844108	758	8,955	SH		SOLE	0	8,955	0	0
NV5 GLOBAL, INC.	COM	62945V109	4,857	220,966	SH		SOLE	0	220,966	0	0
ORASURE TECHNOLOGIES INC.	COM	68554V108	496	76,990	SH		SOLE	0	76,990	0	0
PEPSICO INC	COM	713448108	977	9,780	SH		SOLE	0	9,780	0	0
PPG INDUSTRIES INC	COM	693506107	627	6,342	SH		SOLE	0	6,342	0	0
POWERSHARES NATIONAL AMT-FREE MUNICIPAL BOND PORTF	COM	73936T474	939	36,884	SH		SOLE	0	36,884	0	0
ROPER TECHNOLOGIES, INC	COM	776696106	3,330	17,547	SH		SOLE	0	17,547	0	0
SITO MOBILE LTD.	COM	82988R104	2,926	1,406,963	SH		SOLE	0	1,406,963	0	0
SVB FINANCIAL GROUP	COM	78486Q101	7,819	65,759	SH		SOLE	0	65,759	0	0
INVENTURE FOODS, INC.	COM	461212102	1,704	239,986	SH		SOLE	0	239,986	0	0
SPECTRUM SDCV 2.75% DUE 12/15/18	CONV BONDS	84763AAB4	386	440,000	PRN		SOLE	0	440,000	0	0
SPDR S&P 500 ETF TRUST	COM	78462F103	1,049	5,145	SH		SOLE	0	5,145	0	0
SUPERNUS PHARMACEUTICALS INC.	COM	868459108	6,844	509,244	SH		SOLE	0	509,244	0	0
SOLARWINDS INC.	COM	83416B109	3,246	55,112	SH		SOLE	0	55,112	0	0
SYSCO CORPORATION	COM	871829107	732	17,851	SH		SOLE	0	17,851	0	0
AT&T	COM	00206R102	302	8,770	SH		SOLE	0	8,770	0	0
TASER INT`L INC.	COM	87651B104	3,219	186,201	SH		SOLE	0	186,201	0	0
BIO-TECHNE CORP	COM	09073M104	699	7,763	SH		SOLE	0	7,763	0	0
TEVA PHARMACEUTICAL ADR	COM	881624209	735	11,200	SH		SOLE	0	11,200	0	0
TYLER TECHNOLOGIES, INC	COM	902252105	3,515	20,162	SH		SOLE	0	20,162	0	0
UDR INC.	COM	902653104	607	16,147	SH		SOLE	0	16,147	0	0
AMERCO HOLDING COMPANY	COM	023586100	4,549	11,678	SH		SOLE	0	11,678	0	0
UNION PACIFIC CORP	COM	907818108	3,270	41,810	SH		SOLE	0	41,810	0	0
VICOR CORP	COM	925815102	15,639	1,714,761	SH		SOLE	0	1,714,761	0	0
VIASAT INC.	COM	92552V100	6,348	104,044	SH		SOLE	0	104,044	0	0
VANGUARD TOTAL STOCK MARKET ETF	COM	922908769	11,298	108,321	SH		SOLE	0	108,321	0	0
VERIZON COMMUNICATIONS INC	COM	92343V104	322	6,970	SH		SOLE	0	6,970	0	0
ISHARES TRUST RUSSELL 2000 INDEX FUND	COM	464287655	8,525	75,700	SH		SOLE	0	75,700	0	0
POWERSHARES QQQ NASDAQ 100	COM	73935A104	1,007	9,000	SH		SOLE	0	9,000	0	0
WISCONSIN ENERGY CORP	COM	976657106	375	7,313	SH		SOLE	0	7,313	0	0
WESTERN UNION	COM	959802109	251	14,035	SH		SOLE	0	14,035	0	0
EXXON MOBIL CORP	COM	30231G102	3,178	40,765	SH		SOLE	0	40,765	0	0