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
AXON ENTERPRISE, INC.	COM	05464C101	30,194	477,898	SH		SOLE	0	477,898	0	0
ADOBE SYSTEMS	COM	00724F101	2,028	8,317	SH		SOLE	0	8,317	0	0
WISDOMTREE BARCLAYS YIELD ENHANCED U.S. AGGREGATE	COM	97717X511	8,021	165,520	SH		SOLE	0	165,520	0	0
ARGAN INC.	COM	04010E109	23,079	563,599	SH		SOLE	0	563,599	0	0
ALIGN TECHNOLOGY INC.	COM	016255101	487	1,423	SH		SOLE	0	1,423	0	0
AMERICAN SOFTWARE INC.	COM	029683109	495	34,000	SH		SOLE	0	34,000	0	0
AMAZON	COM	023135106	2,767	1,628	SH		SOLE	0	1,628	0	0
ANADARKO PETROLEUM CORPORATION	COM	032511107	372	5,083	SH		SOLE	0	5,083	0	0
ALIBABA GROUP HOLDING - SP ADR	COM	01609W102	278	1,500	SH		SOLE	0	1,500	0	0
BALCHEM CORP	COM	057665200	702	7,158	SH		SOLE	0	7,158	0	0
BRISTOL-MYERS SQUIBB CO	COM	110122108	365	6,596	SH		SOLE	0	6,596	0	0
BERKSHIRE HATHAWAY A	COM	084670108	6,205	22	SH		SOLE	0	22	0	0
BERKSHIRE HATHAWAY B	COM	084670702	1,346	7,214	SH		SOLE	0	7,214	0	0
BLACKSTONE GROUP	COM	09253U108	444	13,800	SH		SOLE	0	13,800	0	0
META FINANCIAL GROUP INC	COM	59100U108	32,052	329,073	SH		SOLE	0	329,073	0	0
CELGENE CORPORATION	COM	151020104	494	6,221	SH		SOLE	0	6,221	0	0
CARLYLE GROUP	COM	14309L102	441	20,700	SH		SOLE	0	20,700	0	0
CHEGG INC.	COM	163092109	41,507	1,493,604	SH		SOLE	0	1,493,604	0	0
CORE LABORATORIES NV	COM	N22717107	4,722	37,413	SH		SOLE	0	37,413	0	0
CANTEL MEDICAL CORP	COM	138098108	398	4,050	SH		SOLE	0	4,050	0	0
COPART INC	COM	217204106	25,399	449,060	SH		SOLE	0	449,060	0	0
COSTAR GROUP INC	COM	22160N109	14,994	36,338	SH		SOLE	0	36,338	0	0
CAVCO INDUSTRIES, INC.	COM	149568107	22,349	107,629	SH		SOLE	0	107,629	0	0
CHEVRON CORPORATION	COM	166764100	367	2,900	SH		SOLE	0	2,900	0	0
DANAHER CORPORATION	COM	235851102	1,018	10,320	SH		SOLE	0	10,320	0	0
DAILY JOURNAL CORP	COM	233912104	2,397	10,411	SH		SOLE	0	10,411	0	0
DOWDUPONT, INC.	COM	26078J100	425	6,447	SH		SOLE	0	6,447	0	0
EASTSIDE DISTILLING	COM	277802302	425	50,000	SH		SOLE	0	50,000	0	0
EBIX INC.	COM	278715206	25,922	339,956	SH		SOLE	0	339,956	0	0
ISHARES MSCI EMERGING MARKETS MINIMUM VOLATILITY E	COM	464286533	690	11,923	SH		SOLE	0	11,923	0	0
ISHARES MSCI EAFE INDEX FUND	COM	464287465	7,475	111,619	SH		SOLE	0	111,619	0	0
ENVESTNET INC	COM	29404K106	17,009	309,539	SH		SOLE	0	309,539	0	0
EQUINIX INC	COM	29444U700	2,841	6,608	SH		SOLE	0	6,608	0	0
ENERGY TRANSFER PARTNERS	COM	29278N103	499	26,200	SH		SOLE	0	26,200	0	0
EXPEDITORS INTL	COM	302130109	563	7,700	SH		SOLE	0	7,700	0	0
FACEBOOK INC - A	COM	30303M102	383	1,973	SH		SOLE	0	1,973	0	0
SPDR EURO STOXX 50 FUND	COM	78463X202	2,473	64,523	SH		SOLE	0	64,523	0	0
FRANCO-NEVADA CORP	COM	351858105	8,677	118,825	SH		SOLE	0	118,825	0	0
GENERAL MILLS INC	COM	370334104	211	4,774	SH		SOLE	0	4,774	0	0
CORNING INC	COM	219350105	247	8,989	SH		SOLE	0	8,989	0	0
ALPHABET INC - CL C	COM	38259P706	692	620	SH		SOLE	0	620	0	0
ALPHABET INC. CLASS A	COM	38259P508	519	460	SH		SOLE	0	460	0	0
PUREFUNDS ISE CYBER SECURITY ETF	COM	26924G201	2,361	63,816	SH		SOLE	0	63,816	0	0
HEALTHCARE SERVICES GROUP	COM	421906108	861	19,924	SH		SOLE	0	19,924	0	0
HEALTH INSURANCE INNOVATIONS INC - CL A	COM	42225K106	16,321	504,525	SH		SOLE	0	504,525	0	0
HANGER INC	COM	41043F208	1,357	80,000	SH		SOLE	0	80,000	0	0
HEALTHEQUITY, INC.	COM	42226A107	10,513	139,989	SH		SOLE	0	139,989	0	0
ISHARES BARCLAY 7-10 YEAR TREASURY BOND FUND	COM	464287440	5,663	55,239	SH		SOLE	0	55,239	0	0
ISHARES BARCLAYS 3-7 YEAR TREASURY BOND FUND	COM	464288661	639	5,322	SH		SOLE	0	5,322	0	0
ISHARES GLOBAL INFRASTRUCTURE ETF	COM	464288372	2,428	56,510	SH		SOLE	0	56,510	0	0
ILLUMINA INC	COM	452327109	304	1,090	SH		SOLE	0	1,090	0	0
INCYTE CORP	COM	45337C102	10,441	155,830	SH		SOLE	0	155,830	0	0
BROOKFIELD GLOBAL LISTED INFRASTRUCTURE INCOME FUN	COM	11273Q109	447	37,000	SH		SOLE	0	37,000	0	0
ISHARES U.S. AEROSPACE & DEFENCE ETF	COM	464288760	4,256	22,114	SH		SOLE	0	22,114	0	0
ISHARES US TELECOMMUNICATIONS ETF	COM	464287713	2,963	107,454	SH		SOLE	0	107,454	0	0
JOHNSON & JOHNSON	COM	478160104	394	3,250	SH		SOLE	0	3,250	0	0
KINDER MORGAN HOLDCO LLC	COM	49456B101	580	32,848	SH		SOLE	0	32,848	0	0
COCA-COLA CO	COM	191216100	970	22,126	SH		SOLE	0	22,126	0	0
LITTELFUSE INC.	COM	537008104	16,196	70,981	SH		SOLE	0	70,981	0	0
LIGAND PHARMACEUTICALS - CL B	COM	53220K504	17,729	85,577	SH		SOLE	0	85,577	0	0
LKQ CORP	COM	501889208	535	16,766	SH		SOLE	0	16,766	0	0
ELI LILLY & COMPANY	COM	532457108	214	2,505	SH		SOLE	0	2,505	0	0
LOGMEIN, INC	COM	54142L109	16,168	156,593	SH		SOLE	0	156,593	0	0
REMARK MEDIA, INC.	COM	75955K102	8,340	2,133,081	SH		SOLE	0	2,133,081	0	0
MONDELEZ INTERNATIONAL INC.	COM	609207105	471	11,490	SH		SOLE	0	11,490	0	0
MEDIDATA SOLUTIONS INC	COM	58471A105	17,241	214,011	SH		SOLE	0	214,011	0	0
MERCADO LIBRE	COM	58733R102	666	2,228	SH		SOLE	0	2,228	0	0
MARKETAXESS HOLDINGS INC	COM	57060D108	15,229	76,968	SH		SOLE	0	76,968	0	0
3M CO	COM	88579Y101	370	1,883	SH		SOLE	0	1,883	0	0
ALTRIA GROUP INC	COM	02209S103	495	8,718	SH		SOLE	0	8,718	0	0
MERCK & CO	COM	58933Y105	334	5,500	SH		SOLE	0	5,500	0	0
MICROSOFT CORPORATION	COM	594918104	1,909	19,356	SH		SOLE	0	19,356	0	0
NEW RELIC, INC.	COM	64829B100	11,692	116,235	SH		SOLE	0	116,235	0	0
NORFOLK SOUTHERN CORP	COM	655844108	1,037	6,876	SH		SOLE	0	6,876	0	0
NV5 GLOBAL, INC.	COM	62945V109	11,327	163,450	SH		SOLE	0	163,450	0	0
PEPSICO INC	COM	713448108	707	6,491	SH		SOLE	0	6,491	0	0
PPG INDUSTRIES INC	COM	693506107	593	5,713	SH		SOLE	0	5,713	0	0
INVESCO QQQ TRUST SERIES 1	COM	46090E103	4,225	24,613	SH		SOLE	0	24,613	0	0
BROOKFIELD REAL ASSETS INCOME FUND INC	COM	112830104	4,157	183,121	SH		SOLE	0	183,121	0	0
ROGERS CORP	COM	775133101	3,660	32,834	SH		SOLE	0	32,834	0	0
ROPER TECHNOLOGIES, INC	COM	776696106	2,657	9,630	SH		SOLE	0	9,630	0	0
SHOPIFY, INC. - CLASS A	COM	82509L107	10,061	68,964	SH		SOLE	0	68,964	0	0
ISHARES BARCLAYS 1-3 YR TREAS BD FD	COM	464287457	717	8,600	SH		SOLE	0	8,600	0	0
SVB FINANCIAL GROUP	COM	78486Q101	25,368	87,852	SH		SOLE	0	87,852	0	0
SPECTRUM PHARMACEUTICALS INC.	COM	84763A108	8,923	425,702	SH		SOLE	0	425,702	0	0
SPECTRUM PHARMA. INC. SDCV 2.75 DUE 12/15/18	CONV BONDS	84763AAB4	2,943	1,467,000	PRN		SOLE	0	1,467,000	0	0
STAMPS.COM INC.	COM	852857200	18,567	73,373	SH		SOLE	0	73,373	0	0
SUPERNUS PHARMACEUTICALS INC.	COM	868459108	41,816	698,676	SH		SOLE	0	698,676	0	0
SYSCO CORPORATION	COM	871829107	679	9,940	SH		SOLE	0	9,940	0	0
AT&T	COM	00206R102	282	8,770	SH		SOLE	0	8,770	0	0
T ROWE PRICE GROUP INC.	COM	74144T108	298	2,570	SH		SOLE	0	2,570	0	0
THE TRADE DESK - CL A	COM	88339J105	35,807	381,738	SH		SOLE	0	381,738	0	0
TECHTARGET, INC	COM	87874R100	19,467	685,456	SH		SOLE	0	685,456	0	0
TYLER TECHNOLOGIES, INC	COM	902252105	15,324	68,998	SH		SOLE	0	68,998	0	0
UDR INC.	COM	902653104	591	15,744	SH		SOLE	0	15,744	0	0
UNITED INSURANCE HOLDINGS CO	COM	910710102	14,346	732,662	SH		SOLE	0	732,662	0	0
ULTA SALON COSMETICS AND FRAGRANCE, INC.	COM	90384S303	690	2,954	SH		SOLE	0	2,954	0	0
UNITED HEALTH GROUP	COM	91324P102	761	3,100	SH		SOLE	0	3,100	0	0
UNION PACIFIC CORP	COM	907818108	5,924	41,810	SH		SOLE	0	41,810	0	0
VICOR CORP	COM	925815102	35,545	816,182	SH		SOLE	0	816,182	0	0
VIASAT INC.	COM	92552V100	18,527	281,903	SH		SOLE	0	281,903	0	0
VANGUARD TOTAL STOCK MARKET ETF	COM	922908769	3,449	24,563	SH		SOLE	0	24,563	0	0
VERIZON COMMUNICATIONS INC	COM	92343V104	348	6,920	SH		SOLE	0	6,920	0	0
WISCONSIN ENERGY CORP	COM	976657106	473	7,313	SH		SOLE	0	7,313	0	0
ENERGY SELECT SECTOR SPDR	COM	81369Y506	3,062	40,327	SH		SOLE	0	40,327	0	0
EXXON MOBIL CORP	COM	30231G102	3,144	38,006	SH		SOLE	0	38,006	0	0
INVESCO S&P SMALL CAP LOW VOLATILITY ETF	COM	46138G102	2,848	58,931	SH		SOLE	0	58,931	0	0