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	1,271	9,766	SH		SOLE	0	9,766	0	0
ISHARES CORE U.S. AGGREGATE BOND FUND	COM	464287226	6,216	57,298	SH		SOLE	0	57,298	0	0
ARGAN INC.	COM	04010E109	12,478	188,630	SH		SOLE	0	188,630	0	0
ALIGN TECHNOLOGY INC.	COM	016255101	542	4,725	SH		SOLE	0	4,725	0	0
AMERICAN SOFTWARE INC.	COM	029683109	257	25,000	SH		SOLE	0	25,000	0	0
AMAZON	COM	023135106	1,948	2,197	SH		SOLE	0	2,197	0	0
ANADARKO PETROLEUM CORPORATION	COM	032511107	315	5,083	SH		SOLE	0	5,083	0	0
ASURE SOFTWARE, INC.	COM	04649U102	326	31,700	SH		SOLE	0	31,700	0	0
NATUS MEDICAL INC.	COM	639050103	10,865	276,803	SH		SOLE	0	276,803	0	0
BALCHEM CORP	COM	057665200	1,315	15,958	SH		SOLE	0	15,958	0	0
BRISTOL-MYERS SQUIBB CO	COM	110122108	359	6,596	SH		SOLE	0	6,596	0	0
BERKSHIRE HATHAWAY A	COM	084670108	5,497	22	SH		SOLE	0	22	0	0
BERKSHIRE HATHAWAY B	COM	084670207	1,157	6,943	SH		SOLE	0	6,943	0	0
BLACKROCK CREDIT ALLOCATION INCOME TRUST FUND	COM	092508100	2,023	153,747	SH		SOLE	0	153,747	0	0
META FINANCIAL GROUP INC	COM	59100U108	24,936	281,761	SH		SOLE	0	281,761	0	0
CELGENE CORPORATION	COM	151020104	546	4,385	SH		SOLE	0	4,385	0	0
CARLYLE GROUP	COM	14309L102	209	13,100	SH		SOLE	0	13,100	0	0
CHEGG INC.	COM	163092109	18,511	2,193,224	SH		SOLE	0	2,193,224	0	0
CORE LABORATORIES NV	COM	N22717107	2,071	17,924	SH		SOLE	0	17,924	0	0
CANTEL MEDICAL CORP	COM	138098108	356	4,450	SH		SOLE	0	4,450	0	0
COPART INC	COM	217204106	14,387	232,305	SH		SOLE	0	232,305	0	0
ISHARES CORE US CREDIT BOND	COM	464288620	5,170	47,038	SH		SOLE	0	47,038	0	0
COSTAR GROUP INC	COM	22160N109	6,995	33,755	SH		SOLE	0	33,755	0	0
CAVCO INDUSTRIES, INC.	COM	149568107	5,967	51,267	SH		SOLE	0	51,267	0	0
CHEVRON CORPORATION	COM	166764100	322	3,000	SH		SOLE	0	3,000	0	0
DU PONT (E.I.) DE NEMOURS	COM	263534109	541	6,729	SH		SOLE	0	6,729	0	0
DANAHER CORPORATION	COM	235851102	417	4,872	SH		SOLE	0	4,872	0	0
DAILY JOURNAL CORP	COM	233912104	3,209	14,976	SH		SOLE	0	14,976	0	0
EBIX INC.	COM	278715206	29,407	480,119	SH		SOLE	0	480,119	0	0
ISHARES MSCI EMERGING MARKETS MINIMUM VOLATILITY E	COM	464286533	1,565	29,254	SH		SOLE	0	29,254	0	0
ISHARES MSCI EAFE INDEX FUND	COM	464287465	5,171	83,016	SH		SOLE	0	83,016	0	0
ISHARES TR MSCI EAFE GROWTH INDEX FD	COM	464288885	1,072	15,428	SH		SOLE	0	15,428	0	0
ISHARES MSCI EAFE VALUE ETF	COM	464288877	418	8,320	SH		SOLE	0	8,320	0	0
ENVESTNET INC	COM	29404K106	7,572	234,429	SH		SOLE	0	234,429	0	0
EQUINIX INC	COM	29444U700	2,105	5,258	SH		SOLE	0	5,258	0	0
EXPEDITORS INTL	COM	302130109	548	9,700	SH		SOLE	0	9,700	0	0
FACEBOOK INC - A	COM	30303M102	1,254	8,830	SH		SOLE	0	8,830	0	0
SPDR EURO STOXX 50 FUND	COM	78463X202	2,370	65,205	SH		SOLE	0	65,205	0	0
FINANCIAL ENGINES, INC	COM	317485100	10,073	231,299	SH		SOLE	0	231,299	0	0
FRANCO-NEVADA CORP	COM	351858105	5,117	78,107	SH		SOLE	0	78,107	0	0
GUGGENHEIM TAXABLE MUNICIPAL MANAGED DURATION TRUS	COM	401664107	1,466	65,885	SH		SOLE	0	65,885	0	0
GENERAL MILLS INC	COM	370334104	282	4,774	SH		SOLE	0	4,774	0	0
CORNING INC	COM	219350105	243	8,989	SH		SOLE	0	8,989	0	0
ALPHABET INC - CL C	COM	38259P706	1,049	1,264	SH		SOLE	0	1,264	0	0
ALPHABET INC. CLASS A	COM	38259P508	390	460	SH		SOLE	0	460	0	0
PUREFUNDS ISE CYBER SECURITY ETF	COM	26924G201	2,663	90,210	SH		SOLE	0	90,210	0	0
HEALTHCARE SERVICES GROUP	COM	421906108	1,224	28,398	SH		SOLE	0	28,398	0	0
ILLUMINA INC	COM	452327109	290	1,700	SH		SOLE	0	1,700	0	0
INCYTE CORP	COM	45337C102	13,338	99,781	SH		SOLE	0	99,781	0	0
BROOKFIELD GLOBAL LISTED INFRASTRUCTURE INCOME FUN	COM	11273Q109	3,944	298,765	SH		SOLE	0	298,765	0	0
IHS MARKIT LTD	COM	G47567105	9,181	218,867	SH		SOLE	0	218,867	0	0
IROBOT CORPORATION	COM	462726100	479	7,240	SH		SOLE	0	7,240	0	0
ISHARES U.S. AEROSPACE & DEFENCE ETF	COM	464288760	2,999	20,168	SH		SOLE	0	20,168	0	0
JOHNSON & JOHNSON	COM	478160104	405	3,250	SH		SOLE	0	3,250	0	0
KINDER MORGAN HOLDCO LLC	COM	49456B101	467	21,500	SH		SOLE	0	21,500	0	0
COCA-COLA CO	COM	191216100	952	22,426	SH		SOLE	0	22,426	0	0
LITTELFUSE INC	COM	537008104	11,048	69,090	SH		SOLE	0	69,090	0	0
LIGAND PHARMACEUTICALS - CL B	COM	53220K504	13,749	129,905	SH		SOLE	0	129,905	0	0
LKQ CORP	COM	501889208	3,205	109,495	SH		SOLE	0	109,495	0	0
ELI LILLY & COMPANY	COM	532457108	211	2,505	SH		SOLE	0	2,505	0	0
LOGMEIN, INC	COM	54142L109	20,101	206,159	SH		SOLE	0	206,159	0	0
MANHATTAN ASSOCIATES INC	COM	562750109	2,633	50,590	SH		SOLE	0	50,590	0	0
REMARK MEDIA INC.	COM	75954W107	5,769	1,948,988	SH		SOLE	0	1,948,988	0	0
MEDICINES COMPANY	COM	584688105	14,349	293,444	SH		SOLE	0	293,444	0	0
MONDELEZ INTERNATIONAL INC.	COM	609207105	495	11,490	SH		SOLE	0	11,490	0	0
MEDIDATA SOLUTIONS INC	COM	58471A105	13,995	242,588	SH		SOLE	0	242,588	0	0
MERCADO LIBRE	COM	58733R102	637	3,010	SH		SOLE	0	3,010	0	0
MARKETAXESS HOLDINGS INC	COM	57060D108	14,494	77,306	SH		SOLE	0	77,306	0	0
3M CO	COM	88579Y101	397	2,077	SH		SOLE	0	2,077	0	0
ALTRIA GROUP INC	COM	02209S103	623	8,718	SH		SOLE	0	8,718	0	0
MOMO,INC	COM	60879B107	1,022	30,000	SH		SOLE	0	30,000	0	0
MERCK & CO	COM	58933Y105	343	5,400	SH		SOLE	0	5,400	0	0
MICROSOFT CORPORATION	COM	594918104	938	14,240	SH		SOLE	0	14,240	0	0
MANAGED DURATION INV GRADE	COM	56165R103	1,706	129,241	SH		SOLE	0	129,241	0	0
NEW RELIC, INC.	COM	64829B100	6,554	176,800	SH		SOLE	0	176,800	0	0
NORFOLK SOUTHERN CORP	COM	655844108	770	6,876	SH		SOLE	0	6,876	0	0
NV5 GLOBAL, INC.	COM	62945V109	6,597	175,460	SH		SOLE	0	175,460	0	0
PEPSICO INC	COM	713448108	726	6,491	SH		SOLE	0	6,491	0	0
PROCTOR & GAMBLE COMPANY	COM	742718109	223	2,482	SH		SOLE	0	2,482	0	0
PPG INDUSTRIES INC	COM	693506107	600	5,713	SH		SOLE	0	5,713	0	0
POWERSHARES QQQ NASDAQ 100	COM	73935A104	4,565	34,485	SH		SOLE	0	34,485	0	0
ROPER TECHNOLOGIES, INC	COM	776696106	1,740	8,427	SH		SOLE	0	8,427	0	0
SHOPIFY, INC. - CLASS A	COM	82509L107	10,423	153,080	SH		SOLE	0	153,080	0	0
SVB FINANCIAL GROUP	COM	78486Q101	18,995	102,076	SH		SOLE	0	102,076	0	0
SPECTRUM PHARMA. INC. SDCV 2.75 DUE 12/15/18	CONV BONDS	84763AAB4	2,011	2,003,000	PRN		SOLE	0	2,003,000	0	0
STAMPS.COM INC.	COM	852857200	8,950	75,625	SH		SOLE	0	75,625	0	0
SUPERNUS PHARMACEUTICALS INC.	COM	868459108	23,307	744,634	SH		SOLE	0	744,634	0	0
SYSCO CORPORATION	COM	871829107	516	9,940	SH		SOLE	0	9,940	0	0
AT&T	COM	00206R102	364	8,770	SH		SOLE	0	8,770	0	0
TASER INT`L INC.	COM	87651B104	4,822	211,571	SH		SOLE	0	211,571	0	0
THE TRADE DESK - CLASS A	COM	88339J105	4,410	118,400	SH		SOLE	0	118,400	0	0
TYLER TECHNOLOGIES, INC	COM	902252105	8,254	53,405	SH		SOLE	0	53,405	0	0
UDR INC.	COM	902653104	571	15,744	SH		SOLE	0	15,744	0	0
AMERCO HOLDING COMPANY	COM	023586100	4,085	10,717	SH		SOLE	0	10,717	0	0
ULTA SALON COSMETICS AND FRAGRANCE, INC.	COM	90384S303	677	2,375	SH		SOLE	0	2,375	0	0
UNION PACIFIC CORP	COM	907818108	4,429	41,810	SH		SOLE	0	41,810	0	0
VICOR CORP	COM	925815102	28,726	1,784,222	SH		SOLE	0	1,784,222	0	0
VIASAT INC.	COM	92552V100	15,784	247,321	SH		SOLE	0	247,321	0	0
VANGUARD TOTAL STOCK MARKET ETF	COM	922908769	5,457	44,980	SH		SOLE	0	44,980	0	0
VERIZON COMMUNICATIONS INC	COM	92343V104	347	7,120	SH		SOLE	0	7,120	0	0
WISCONSIN ENERGY CORP	COM	976657106	443	7,313	SH		SOLE	0	7,313	0	0
WESTERN UNION	COM	959802109	280	13,735	SH		SOLE	0	13,735	0	0
EXXON MOBIL CORP	COM	30231G102	3,178	38,747	SH		SOLE	0	38,747	0	0
XPERI CORP.	COM	98421B100	9,170	270,090	SH		SOLE	0	270,090	0	0
POWERSHARES S&P SMALL CAP LOW VOLATILITY PORTFOLIO	COM	73937B639	3,312	77,274	SH		SOLE	0	77,274	0	0
YATRA ONLINE INC	COM	G98338109	570	60,000	SH		SOLE	0	60,000	0	0