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
ADOBE SYSTEMS	COM	00724F101	536	5,600	SH		SOLE	0	5,600	0	0
ISHARES CORE U.S. AGGREGATE BOND FUND	COM	464287226	6,447	57,247	SH		SOLE	0	57,247	0	0
ARGAN INC.	COM	04010E109	28,728	688,600	SH		SOLE	0	688,600	0	0
AMAG PHARMACEUTICALS, INC.	COM	00163U106	3,565	149,050	SH		SOLE	0	149,050	0	0
AMERICAN SOFTWARE INC.	COM	029683109	262	25,000	SH		SOLE	0	25,000	0	0
AMAZON	COM	023135106	1,147	1,603	SH		SOLE	0	1,603	0	0
ANADARKO PETROLEUM CORPORATION	COM	032511107	272	5,112	SH		SOLE	0	5,112	0	0
NATUS MEDICAL INC.	COM	639050103	12,515	331,079	SH		SOLE	0	331,079	0	0
BALCHEM CORP	COM	057665200	2,991	50,149	SH		SOLE	0	50,149	0	0
BRISTOL-MYERS SQUIBB CO	COM	110122108	485	6,596	SH		SOLE	0	6,596	0	0
BERKSHIRE HATHAWAY A	COM	084670108	4,773	22	SH		SOLE	0	22	0	0
BERKSHIRE HATHAWAY B	COM	084670207	978	6,757	SH		SOLE	0	6,757	0	0
BLACKROCK CREDIT ALLOCATION INCOME TRUST FUND	COM	092508100	1,778	136,559	SH		SOLE	0	136,559	0	0
META FINANCIAL GROUP INC	COM	59100U108	20,407	400,450	SH		SOLE	0	400,450	0	0
CARLYLE GROUP	COM	14309L102	245	15,100	SH		SOLE	0	15,100	0	0
CORE LABORATORIES NV	COM	N22717107	2,052	16,563	SH		SOLE	0	16,563	0	0
CANTEL MEDICAL CORP	COM	138098108	320	4,660	SH		SOLE	0	4,660	0	0
COPART INC	COM	217204106	15,518	316,632	SH		SOLE	0	316,632	0	0
ISHARES CORE US CREDIT BOND	COM	464288620	1,354	11,947	SH		SOLE	0	11,947	0	0
COSTAR GROUP INC	COM	22160N109	7,383	33,766	SH		SOLE	0	33,766	0	0
CVS HEALTH CORP	COM	126650100	426	4,450	SH		SOLE	0	4,450	0	0
CHEVRON CORPORATION	COM	166764100	343	3,270	SH		SOLE	0	3,270	0	0
DU PONT (E.I.) DE NEMOURS	COM	263534109	436	6,729	SH		SOLE	0	6,729	0	0
DANAHER CORPORATION	COM	235851102	439	4,351	SH		SOLE	0	4,351	0	0
DAILY JOURNAL CORP	COM	233912104	3,549	14,976	SH		SOLE	0	14,976	0	0
DIGITAL THEATER SYSTEMS INC.	COM	23335C101	3,433	129,800	SH		SOLE	0	129,800	0	0
EBIX INC.	COM	278715206	25,724	1,611,099	SH		SOLE	0	1,611,099	0	0
ISHARES MSCI EMERGING MARKETS MINIMUM VOLATILITY E	COM	464286533	634	12,295	SH		SOLE	0	12,295	0	0
ISHARES MSCI EAFE INDEX FUND	COM	464287465	3,462	62,023	SH		SOLE	0	62,023	0	0
ISHARES TR MSCI EAFE GROWTH INDEX FD	COM	464288885	2,739	41,870	SH		SOLE	0	41,870	0	0
ISHARES MSCI EAFE VALUE ETF	COM	464288877	2,386	55,555	SH		SOLE	0	55,555	0	0
ENVESTNET INC	COM	29404K106	7,046	211,534	SH		SOLE	0	211,534	0	0
EQUINIX INC	COM	29444U700	2,004	5,169	SH		SOLE	0	5,169	0	0
EATON VANCE MUNICIPAL INCOME	COM	27826U108	740	50,368	SH		SOLE	0	50,368	0	0
EXPEDITORS INTL	COM	302130109	476	9,700	SH		SOLE	0	9,700	0	0
FACEBOOK INC - A	COM	30303M102	457	4,000	SH		SOLE	0	4,000	0	0
SPDR EURO STOXX 50 FUND	COM	78463X202	2,417	77,554	SH		SOLE	0	77,554	0	0
FLEETMATICS GROUP PLC	COM	G35569105	8,013	184,925	SH		SOLE	0	184,925	0	0
FINANCIAL ENGINES, INC	COM	317485100	5,514	213,135	SH		SOLE	0	213,135	0	0
FRANCO-NEVADA CORP	COM	351858105	5,520	72,576	SH		SOLE	0	72,576	0	0
GUGGENHEIM BUILD AMERICA BONDS MANAGED DURATION TR	COM	401664107	1,188	50,767	SH		SOLE	0	50,767	0	0
GENERAL MILLS INC	COM	370334104	661	9,263	SH		SOLE	0	9,263	0	0
ALPHABET INC - CL C	COM	38259P706	491	710	SH		SOLE	0	710	0	0
ALPHABET INC. CLASS A	COM	38259P508	324	460	SH		SOLE	0	460	0	0
HEALTHCARE SERVICES GROUP	COM	421906108	1,140	27,558	SH		SOLE	0	27,558	0	0
HERCULES TECHNOLOGY GROWTH CAPITAL INC.	COM	427096508	1,366	110,000	SH		SOLE	0	110,000	0	0
ISHARES BARCLAY 7-10 YEAR TREASURY BOND FUND	COM	464287440	598	5,291	SH		SOLE	0	5,291	0	0
IHS INC.	COM	451734107	7,099	61,407	SH		SOLE	0	61,407	0	0
ILLUMINA INC	COM	452327109	253	1,800	SH		SOLE	0	1,800	0	0
INCYTE CORP	COM	45337C102	9,374	117,206	SH		SOLE	0	117,206	0	0
BROOKFIELD GLOBAL LISTED INFRASTRUCTURE INCOME FUN	COM	11273Q109	3,466	263,345	SH		SOLE	0	263,345	0	0
INVESCO QUALITY MUNIPAL INCOME	COM	46133G107	490	35,447	SH		SOLE	0	35,447	0	0
JOHNSON & JOHNSON	COM	478160104	382	3,150	SH		SOLE	0	3,150	0	0
KINDER MORGAN HOLDCO LLC	COM	49456B101	402	21,500	SH		SOLE	0	21,500	0	0
COCA-COLA CO	COM	191216100	1,029	22,702	SH		SOLE	0	22,702	0	0
LITTELFUSE INC	COM	537008104	7,972	67,450	SH		SOLE	0	67,450	0	0
LIGAND PHARMACEUTICALS - CL B	COM	53220K504	12,376	103,762	SH		SOLE	0	103,762	0	0
LKQ CORP	COM	501889208	3,537	111,573	SH		SOLE	0	111,573	0	0
LIFELOCK, INC.	COM	53224V100	15,121	956,400	SH		SOLE	0	956,400	0	0
LOGMEIN, INC	COM	54142L109	14,293	225,334	SH		SOLE	0	225,334	0	0
ISHARES IBOXX INV. GRADE CORP. BOND FUND	COM	464287242	3,816	31,089	SH		SOLE	0	31,089	0	0
MANHATTAN ASSOCIATES INC	COM	562750109	3,501	54,600	SH		SOLE	0	54,600	0	0
REMARK MEDIA INC.	COM	75954W107	8,138	1,919,416	SH		SOLE	0	1,919,416	0	0
MEDICINES COMPANY	COM	584688105	12,389	368,392	SH		SOLE	0	368,392	0	0
MONDELEZ INTERNATIONAL INC.	COM	609207105	523	11,490	SH		SOLE	0	11,490	0	0
MEDIDATA SOLUTIONS INC	COM	58471A105	3,928	83,810	SH		SOLE	0	83,810	0	0
MERCADO LIBRE	COM	58733R102	317	2,250	SH		SOLE	0	2,250	0	0
MARKETAXESS HOLDINGS INC	COM	57060D108	10,305	70,874	SH		SOLE	0	70,874	0	0
3M CO	COM	88579Y101	364	2,077	SH		SOLE	0	2,077	0	0
ALTRIA GROUP INC	COM	02209S103	633	9,177	SH		SOLE	0	9,177	0	0
MERCK & CO	COM	58933Y105	300	5,200	SH		SOLE	0	5,200	0	0
MICROSOFT CORPORATION	COM	594918104	1,325	25,900	SH		SOLE	0	25,900	0	0
MANAGED DURATION INV GRADE	COM	56165R103	2,770	188,160	SH		SOLE	0	188,160	0	0
NEW RELIC, INC.	COM	64829B100	6,170	210,000	SH		SOLE	0	210,000	0	0
NORFOLK SOUTHERN CORP	COM	655844108	585	6,876	SH		SOLE	0	6,876	0	0
NV5 GLOBAL, INC.	COM	62945V109	4,158	146,200	SH		SOLE	0	146,200	0	0
PEPSICO INC	COM	713448108	1,036	9,780	SH		SOLE	0	9,780	0	0
PROCTOR & GAMBLE COMPANY	COM	742718109	210	2,482	SH		SOLE	0	2,482	0	0
PPG INDUSTRIES INC	COM	693506107	661	6,342	SH		SOLE	0	6,342	0	0
POWERSHARES NATIONAL AMT-FREE MUNICIPAL BOND PORTF	COM	73936T474	2,489	93,776	SH		SOLE	0	93,776	0	0
POWERSHARES QQQ NASDAQ 100	COM	73935A104	3,627	33,726	SH		SOLE	0	33,726	0	0
ROPER TECHNOLOGIES, INC	COM	776696106	2,822	16,544	SH		SOLE	0	16,544	0	0
PROSHARES SHORT RUSSELL2000	COM	74347R826	1,389	23,540	SH		SOLE	0	23,540	0	0
SITO MOBILE LTD.	COM	82988R104	5,935	1,639,631	SH		SOLE	0	1,639,631	0	0
SVB FINANCIAL GROUP	COM	78486Q101	9,735	102,299	SH		SOLE	0	102,299	0	0
SPECTRUM PHARMA. INC. SDCV 2.75% DUE 12/15/18	CONV BONDS	84763AAB4	1,849	2,003,000	PRN		SOLE	0	2,003,000	0	0
STAMPS.COM INC.	COM	852857200	7,085	81,045	SH		SOLE	0	81,045	0	0
SUPERNUS PHARMACEUTICALS INC.	COM	868459108	13,089	642,544	SH		SOLE	0	642,544	0	0
SYSCO CORPORATION	COM	871829107	906	17,851	SH		SOLE	0	17,851	0	0
AT&T	COM	00206R102	379	8,770	SH		SOLE	0	8,770	0	0
TASER INT`L INC.	COM	87651B104	7,045	283,173	SH		SOLE	0	283,173	0	0
TEVA PHARMACEUTICAL ADR	COM	881624209	452	9,000	SH		SOLE	0	9,000	0	0
TESSERA TECHNOLOGIES, INC	COM	88164L100	741	24,200	SH		SOLE	0	24,200	0	0
TYLER TECHNOLOGIES, INC	COM	902252105	8,764	52,571	SH		SOLE	0	52,571	0	0
UDR INC.	COM	902653104	581	15,744	SH		SOLE	0	15,744	0	0
AMERCO HOLDING COMPANY	COM	023586100	4,272	11,407	SH		SOLE	0	11,407	0	0
ULTA SALON COSMETICS AND FRAGRANCE, INC.	COM	90384S303	223	914	SH		SOLE	0	914	0	0
UNION PACIFIC CORP	COM	907818108	3,648	41,810	SH		SOLE	0	41,810	0	0
VICOR CORP	COM	925815102	17,058	1,693,950	SH		SOLE	0	1,693,950	0	0
VIASAT INC.	COM	92552V100	11,991	167,945	SH		SOLE	0	167,945	0	0
VANGUARD TOTAL STOCK MARKET ETF	COM	922908769	8,008	74,734	SH		SOLE	0	74,734	0	0
VERIZON COMMUNICATIONS INC	COM	92343V104	389	6,970	SH		SOLE	0	6,970	0	0
WISCONSIN ENERGY CORP	COM	976657106	478	7,313	SH		SOLE	0	7,313	0	0
WESTERN UNION	COM	959802109	269	14,035	SH		SOLE	0	14,035	0	0
EXXON MOBIL CORP	COM	30231G102	3,744	39,935	SH		SOLE	0	39,935	0	0