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
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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	15,809	361,353	SH		SOLE	0	361,353	0	0
ADOBE SYSTEMS	COM	00724F101	1,621	7,166	SH		SOLE	0	7,166	0	0
WISDOMTREE BARCLAYS YIELD ENHANCED U.S. AGGREGATE	COM	97717X511	16,298	337,999	SH		SOLE	0	337,999	0	0
ARGAN INC.	COM	04010E109	27,976	739,332	SH		SOLE	0	739,332	0	0
AMERICAN SOFTWARE INC.	COM	029683109	1,731	165,600	SH		SOLE	0	165,600	0	0
AMAZON	COM	023135106	1,317	877	SH		SOLE	0	877	0	0
ANADARKO PETROLEUM CORPORATION	COM	032511107	223	5,083	SH		SOLE	0	5,083	0	0
BALCHEM CORP	COM	057665200	561	7,158	SH		SOLE	0	7,158	0	0
BLACKROCK ENHANCED EQUITY DIVIDEND TRUST	COM	09251A104	1,367	175,993	SH		SOLE	0	175,993	0	0
BRISTOL-MYERS SQUIBB CO	COM	110122108	343	6,596	SH		SOLE	0	6,596	0	0
DMC GLOBAL INC.	COM	23291C103	13,562	386,160	SH		SOLE	0	386,160	0	0
BERKSHIRE HATHAWAY A	COM	084670108	6,732	22	SH		SOLE	0	22	0	0
BERKSHIRE HATHAWAY B	COM	084670702	2,052	10,049	SH		SOLE	0	10,049	0	0
BLACKSTONE GROUP	COM	09253U108	322	10,800	SH		SOLE	0	10,800	0	0
META FINANCIAL GROUP INC	COM	59100U108	18,075	932,157	SH		SOLE	0	932,157	0	0
CARLYLE GROUP	COM	14309L102	410	26,000	SH		SOLE	0	26,000	0	0
CHEGG INC.	COM	163092109	37,475	1,318,604	SH		SOLE	0	1,318,604	0	0
CORE LABORATORIES NV	COM	N22717107	418	7,000	SH		SOLE	0	7,000	0	0
CANTEL MEDICAL CORP	COM	138098108	257	3,450	SH		SOLE	0	3,450	0	0
COMPASS DIVERSIFIED HOLDINGS	COM	20451Q104	249	20,000	SH		SOLE	0	20,000	0	0
COPART INC	COM	217204106	21,218	444,080	SH		SOLE	0	444,080	0	0
COSTAR GROUP INC	COM	22160N109	12,583	37,301	SH		SOLE	0	37,301	0	0
CAVCO INDUSTRIES, INC.	COM	149568107	11,075	84,946	SH		SOLE	0	84,946	0	0
CHEVRON CORPORATION	COM	166764100	315	2,900	SH		SOLE	0	2,900	0	0
DANAHER CORPORATION	COM	235851102	1,141	11,060	SH		SOLE	0	11,060	0	0
DAILY JOURNAL CORP	COM	233912104	2,436	10,411	SH		SOLE	0	10,411	0	0
DOWDUPONT, INC.	COM	26078J100	297	5,547	SH		SOLE	0	5,547	0	0
EASTSIDE DISTILLING	COM	277802302	433	70,000	SH		SOLE	0	70,000	0	0
EBIX INC.	COM	278715206	16,348	384,116	SH		SOLE	0	384,116	0	0
ISHARES MSCI EMERGING MARKETS MINIMUM VOLATILITY E	COM	464286533	617	11,041	SH		SOLE	0	11,041	0	0
ISHARES EDGE MSCI MIN VOL EAFE ETF	COM	46429B689	433	6,500	SH		SOLE	0	6,500	0	0
ENVESTNET INC	COM	29404K106	14,494	294,660	SH		SOLE	0	294,660	0	0
EQUINIX INC	COM	29444U700	2,402	6,813	SH		SOLE	0	6,813	0	0
ENERGY TRANSFER LP	COM	29273V100	1,119	84,736	SH		SOLE	0	84,736	0	0
ISHARES EDGE MSCI MIN VOL EUROPE ETF	COM	46434V720	573	24,996	SH		SOLE	0	24,996	0	0
EXPEDITORS INTL	COM	302130109	524	7,700	SH		SOLE	0	7,700	0	0
FRANCO-NEVADA CORP	COM	351858105	8,884	126,600	SH		SOLE	0	126,600	0	0
CORNING INC	COM	219350105	272	8,989	SH		SOLE	0	8,989	0	0
ALPHABET INC - CL C	COM	38259P706	642	620	SH		SOLE	0	620	0	0
ALPHABET INC. CLASS A	COM	38259P508	481	460	SH		SOLE	0	460	0	0
PUREFUNDS ISE CYBER SECURITY ETF	COM	26924G201	2,278	67,611	SH		SOLE	0	67,611	0	0
HEALTHCARE SERVICES GROUP	COM	421906108	919	22,864	SH		SOLE	0	22,864	0	0
HEALTH INSURANCE INNOVATIONS INC - CL A	COM	42225K106	13,769	515,111	SH		SOLE	0	515,111	0	0
HEALTHEQUITY, INC.	COM	42226A107	8,714	146,089	SH		SOLE	0	146,089	0	0
ISHARES BARCLAY 7-10 YEAR TREASURY BOND FUND	COM	464287440	7,456	71,553	SH		SOLE	0	71,553	0	0
ISHARES BARCLAYS 3-7 YEAR TREASURY BOND FUND	COM	464288661	3,649	30,055	SH		SOLE	0	30,055	0	0
ILLUMINA INC	COM	452327109	267	890	SH		SOLE	0	890	0	0
INCYTE CORP	COM	45337C102	7,459	117,302	SH		SOLE	0	117,302	0	0
BROOKFIELD GLOBAL LISTED INFRASTRUCTURE INCOME FUN	COM	11273Q109	375	37,000	SH		SOLE	0	37,000	0	0
IHS MARKIT LTD	COM	G47567105	695	14,485	SH		SOLE	0	14,485	0	0
ISHARES U.S. AEROSPACE & DEFENCE ETF	COM	464288760	3,414	19,748	SH		SOLE	0	19,748	0	0
ISHARES US TELECOMMUNICATIONS ETF	COM	464287713	1,850	70,216	SH		SOLE	0	70,216	0	0
JOHNSON & JOHNSON	COM	478160104	419	3,250	SH		SOLE	0	3,250	0	0
KINDER MORGAN HOLDCO LLC	COM	49456B101	1,027	66,783	SH		SOLE	0	66,783	0	0
COCA-COLA CO	COM	191216100	1,048	22,126	SH		SOLE	0	22,126	0	0
SPDR S&P REGIONAL BANKING ETF	COM	78464A698	1,521	32,510	SH		SOLE	0	32,510	0	0
LITTELFUSE INC.	COM	537008104	8,567	49,960	SH		SOLE	0	49,960	0	0
LIGAND PHARMACEUTICALS - CL B	COM	53220K504	11,891	87,630	SH		SOLE	0	87,630	0	0
ELI LILLY & COMPANY	COM	532457108	290	2,505	SH		SOLE	0	2,505	0	0
LIMONEIRA CO.	COM	532746104	10,375	530,689	SH		SOLE	0	530,689	0	0
LOGMEIN, INC	COM	54142L109	551	6,758	SH		SOLE	0	6,758	0	0
ISHARES IBOXX INV. GRADE CORP. BOND FUND	COM	464287242	411	3,644	SH		SOLE	0	3,644	0	0
REMARK HOLDINGS, INC.	COM	75955K102	2,235	1,847,971	SH		SOLE	0	1,847,971	0	0
MONDELEZ INTERNATIONAL INC.	COM	609207105	460	11,490	SH		SOLE	0	11,490	0	0
MEDIDATA SOLUTIONS INC	COM	58471A105	15,405	228,486	SH		SOLE	0	228,486	0	0
MERCADO LIBRE	COM	58733R102	507	1,730	SH		SOLE	0	1,730	0	0
MARKETAXESS HOLDINGS INC	COM	57060D108	17,767	84,081	SH		SOLE	0	84,081	0	0
3M CO	COM	88579Y101	359	1,883	SH		SOLE	0	1,883	0	0
ALTRIA GROUP INC	COM	02209S103	431	8,718	SH		SOLE	0	8,718	0	0
MOLINA HEALTHCARE INC.	COM	60855R100	540	4,645	SH		SOLE	0	4,645	0	0
MORNINGSTAR INC	COM	617700109	609	5,545	SH		SOLE	0	5,545	0	0
MERCK & CO	COM	58933Y105	405	5,300	SH		SOLE	0	5,300	0	0
MICROSOFT CORPORATION	COM	594918104	1,602	15,771	SH		SOLE	0	15,771	0	0
NEW RELIC, INC.	COM	64829B100	6,533	80,680	SH		SOLE	0	80,680	0	0
NORFOLK SOUTHERN CORP	COM	655844108	1,028	6,876	SH		SOLE	0	6,876	0	0
NV5 GLOBAL, INC.	COM	62945V109	12,915	213,295	SH		SOLE	0	213,295	0	0
PEPSICO INC	COM	713448108	717	6,491	SH		SOLE	0	6,491	0	0
PROCTOR & GAMBLE COMPANY	COM	742718109	228	2,482	SH		SOLE	0	2,482	0	0
PPG INDUSTRIES INC	COM	693506107	584	5,713	SH		SOLE	0	5,713	0	0
PLURALSIGHT INC	COM	72941B106	12,893	547,460	SH		SOLE	0	547,460	0	0
INVESCO QQQ TRUST SERIES 1	COM	46090E103	3,632	23,547	SH		SOLE	0	23,547	0	0
BROOKFIELD REAL ASSETS INCOME FUND INC	COM	112830104	550	28,855	SH		SOLE	0	28,855	0	0
RED HAT INC	COM	756577102	910	5,180	SH		SOLE	0	5,180	0	0
ROPER TECHNOLOGIES, INC	COM	776696106	2,616	9,815	SH		SOLE	0	9,815	0	0
SUNRUN INC	COM	86771W105	762	70,000	SH		SOLE	0	70,000	0	0
SENDGRID INC.	COM	816883102	5,254	121,700	SH		SOLE	0	121,700	0	0
SHOPIFY, INC. - CLASS A	COM	82509L107	9,631	69,566	SH		SOLE	0	69,566	0	0
SVB FINANCIAL GROUP	COM	78486Q101	18,958	99,819	SH		SOLE	0	99,819	0	0
SPECTRUM PHARMACEUTICALS INC.	COM	84763A108	2,556	292,129	SH		SOLE	0	292,129	0	0
STAMPS.COM INC.	COM	852857200	10,511	67,532	SH		SOLE	0	67,532	0	0
SUPERNUS PHARMACEUTICALS INC.	COM	868459108	24,924	750,276	SH		SOLE	0	750,276	0	0
SYSCO CORPORATION	COM	871829107	623	9,940	SH		SOLE	0	9,940	0	0
AT&T	COM	00206R102	250	8,770	SH		SOLE	0	8,770	0	0
T ROWE PRICE GROUP INC.	COM	74144T108	237	2,570	SH		SOLE	0	2,570	0	0
THE TRADE DESK - CL A	COM	88339J105	25,411	218,945	SH		SOLE	0	218,945	0	0
TECHTARGET, INC	COM	87874R100	2,148	175,950	SH		SOLE	0	175,950	0	0
TYLER TECHNOLOGIES, INC	COM	902252105	12,172	65,502	SH		SOLE	0	65,502	0	0
UDR INC.	COM	902653104	624	15,744	SH		SOLE	0	15,744	0	0
UNITED INSURANCE HOLDINGS CO	COM	910710102	10,478	630,443	SH		SOLE	0	630,443	0	0
ULTA SALON COSMETICS AND FRAGRANCE, INC.	COM	90384S303	738	3,014	SH		SOLE	0	3,014	0	0
UNITED HEALTH GROUP	COM	91324P102	780	3,130	SH		SOLE	0	3,130	0	0
UNION PACIFIC CORP	COM	907818108	5,779	41,810	SH		SOLE	0	41,810	0	0
VICOR CORP	COM	925815102	28,108	743,800	SH		SOLE	0	743,800	0	0
VERTEX PHARMACEUTICALS INC.	COM	92532F100	693	4,180	SH		SOLE	0	4,180	0	0
VIASAT INC.	COM	92552V100	21,145	358,692	SH		SOLE	0	358,692	0	0
VANGUARD TOTAL STOCK MARKET ETF	COM	922908769	3,819	29,920	SH		SOLE	0	29,920	0	0
VERIZON COMMUNICATIONS INC	COM	92343V104	389	6,920	SH		SOLE	0	6,920	0	0
WISCONSIN ENERGY CORP	COM	976657106	506	7,313	SH		SOLE	0	7,313	0	0
WOODWARD INC	COM	980745103	704	9,470	SH		SOLE	0	9,470	0	0
ENERGY SELECT SECTOR SPDR	COM	81369Y506	1,058	18,454	SH		SOLE	0	18,454	0	0
XILINX INC	COM	983919101	979	11,500	SH		SOLE	0	11,500	0	0
CONSUMER STAPLES SELECT SECTOR SPDR FUND	COM	81369Y308	3,831	75,452	SH		SOLE	0	75,452	0	0
EXXON MOBIL CORP	COM	30231G102	2,544	37,301	SH		SOLE	0	37,301	0	0
INVESCO S&P SMALL CAP LOW VOLATILITY ETF	COM	46138G102	2,735	64,153	SH		SOLE	0	64,153	0	0