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	25,765	351,593	SH		SOLE	0	351,593	0	0
ADOBE SYSTEMS	COM	00724F101	2,273	6,892	SH		SOLE	0	6,892	0	0
WISDOMTREE BARCLAYS YIELD ENHANCED U.S. AGGREGATE	COM	97717X511	25,362	485,395	SH		SOLE	0	485,395	0	0
ARGAN INC.	COM	04010E109	26,411	657,960	SH		SOLE	0	657,960	0	0
ANTERO MIDSTREAM CORP	COM	03676B102	402	53,000	SH		SOLE	0	53,000	0	0
AMAZON	COM	023135106	1,560	844	SH		SOLE	0	844	0	0
APPIAN CORP	COM	03782L101	6,572	172,000	SH		SOLE	0	172,000	0	0
BALCHEM CORP	COM	057665200	351	3,450	SH		SOLE	0	3,450	0	0
BLACKROCK ENHANCED EQUITY DIVIDEND TRUST	COM	09251A104	3,994	402,662	SH		SOLE	0	402,662	0	0
DMC GLOBAL INC.	COM	23291C103	16,395	364,820	SH		SOLE	0	364,820	0	0
BERKSHIRE HATHAWAY A	COM	084670108	7,471	22	SH		SOLE	0	22	0	0
BERKSHIRE HATHAWAY B	COM	084670702	1,904	8,407	SH		SOLE	0	8,407	0	0
BLACKSTONE GROUP	COM	09260D107	604	10,800	SH		SOLE	0	10,800	0	0
META FINANCIAL GROUP INC	COM	59100U108	37,202	1,018,955	SH		SOLE	0	1,018,955	0	0
CARLYLE GROUP	COM	14309L102	802	25,000	SH		SOLE	0	25,000	0	0
CHEGG INC.	COM	163092109	27,011	712,514	SH		SOLE	0	712,514	0	0
COPART INC	COM	217204106	31,731	348,924	SH		SOLE	0	348,924	0	0
COSTAR GROUP INC	COM	22160N109	22,356	37,366	SH		SOLE	0	37,366	0	0
CAVCO INDUSTRIES, INC.	COM	149568107	23,860	122,122	SH		SOLE	0	122,122	0	0
CHEVRON CORPORATION	COM	166764100	322	2,670	SH		SOLE	0	2,670	0	0
DANAHER CORPORATION	COM	235851102	1,435	9,350	SH		SOLE	0	9,350	0	0
EBIX INC.	COM	278715206	16,801	502,861	SH		SOLE	0	502,861	0	0
ISHARES EDGE MSCI MIN VOL EAFE ETF	COM	46429B689	4,809	64,514	SH		SOLE	0	64,514	0	0
ENVESTNET INC	COM	29404K106	13,130	188,568	SH		SOLE	0	188,568	0	0
EQUINIX INC	COM	29444U700	4,633	7,937	SH		SOLE	0	7,937	0	0
ENERGY TRANSFER LP	COM	29273V100	1,015	79,136	SH		SOLE	0	79,136	0	0
ISHARES EDGE MSCI MIN VOL EUROPE ETF	COM	46434V720	2,986	110,624	SH		SOLE	0	110,624	0	0
FRANCO-NEVADA CORP	COM	351858105	16,191	156,735	SH		SOLE	0	156,735	0	0
GAMCO GLOBAL GOLD NATURAL RESOURCES AND INCOME TRU	COM	36465A109	4,072	925,536	SH		SOLE	0	925,536	0	0
GREAT LAKES DREDGE & DOCK CO	COM	390607109	16,886	1,490,400	SH		SOLE	0	1,490,400	0	0
CORNING INC	COM	219350105	237	8,136	SH		SOLE	0	8,136	0	0
ALPHABET INC - CL C	COM	38259P706	425	318	SH		SOLE	0	318	0	0
ALPHABET INC. CLASS A	COM	38259P508	616	460	SH		SOLE	0	460	0	0
GOOSEHEAD INSURANCE INC-CL A	COM	38267D109	12,962	305,700	SH		SOLE	0	305,700	0	0
PUREFUNDS ISE CYBER SECURITY ETF	COM	26924G201	2,369	57,045	SH		SOLE	0	57,045	0	0
HEALTHEQUITY, INC.	COM	42226A107	23,267	314,125	SH		SOLE	0	314,125	0	0
ISHARES BARCLAY 7-10 YEAR TREASURY BOND FUND	COM	464287440	5,341	48,455	SH		SOLE	0	48,455	0	0
ILLUMINA INC	COM	452327109	295	890	SH		SOLE	0	890	0	0
INCYTE CORP	COM	45337C102	14,668	167,976	SH		SOLE	0	167,976	0	0
BROOKFIELD GLOBAL LISTED INFRASTRUCTURE INCOME FUN	COM	11273Q109	516	37,000	SH		SOLE	0	37,000	0	0
IHS MARKIT LTD	COM	G47567105	985	13,075	SH		SOLE	0	13,075	0	0
INTEL CORPORATION	COM	458140100	239	4,000	SH		SOLE	0	4,000	0	0
ISHARES U.S. AEROSPACE & DEFENCE ETF	COM	464288760	1,931	8,696	SH		SOLE	0	8,696	0	0
JOHNSON & JOHNSON	COM	478160104	353	2,418	SH		SOLE	0	2,418	0	0
KINDER MORGAN HOLDCO LLC	COM	49456B101	3,702	174,888	SH		SOLE	0	174,888	0	0
COCA-COLA CO	COM	191216100	1,162	20,995	SH		SOLE	0	20,995	0	0
ELI LILLY & COMPANY	COM	532457108	218	1,662	SH		SOLE	0	1,662	0	0
LIMONEIRA CO.	COM	532746104	19,260	1,001,574	SH		SOLE	0	1,001,574	0	0
MERCADO LIBRE	COM	58733R102	257	450	SH		SOLE	0	450	0	0
MARKETAXESS HOLDINGS INC	COM	57060D108	17,276	45,570	SH		SOLE	0	45,570	0	0
MOLINA HEALTHCARE INC.	COM	60855R100	840	6,192	SH		SOLE	0	6,192	0	0
MORNINGSTAR INC	COM	617700109	863	5,706	SH		SOLE	0	5,706	0	0
MERCK & CO	COM	58933Y105	482	5,300	SH		SOLE	0	5,300	0	0
MICROSOFT CORPORATION	COM	594918104	2,318	14,699	SH		SOLE	0	14,699	0	0
NV5 GLOBAL, INC.	COM	62945V109	14,474	286,900	SH		SOLE	0	286,900	0	0
OPORTUN FINANCIAL CORP	COM	68376D104	14,049	590,300	SH		SOLE	0	590,300	0	0
PROCTOR & GAMBLE COMPANY	COM	742718109	277	2,216	SH		SOLE	0	2,216	0	0
PLURALSIGHT INC	COM	72941B106	18,976	1,102,620	SH		SOLE	0	1,102,620	0	0
INVESCO QQQ TRUST SERIES 1	COM	46090E103	4,279	20,126	SH		SOLE	0	20,126	0	0
QUANTERIX CORP	COM	74766Q101	14,686	621,514	SH		SOLE	0	621,514	0	0
BROOKFIELD REAL ASSETS INCOME FUND INC	COM	112830104	2,493	116,748	SH		SOLE	0	116,748	0	0
ROPER TECHNOLOGIES, INC	COM	776696106	3,268	9,226	SH		SOLE	0	9,226	0	0
SINCLAIR BROADCAST GROUP -A	COM	829226109	1,500	45,000	SH		SOLE	0	45,000	0	0
SHOPIFY, INC. - CLASS A	COM	82509L107	14,733	37,057	SH		SOLE	0	37,057	0	0
SVB FINANCIAL GROUP	COM	78486Q101	16,807	66,951	SH		SOLE	0	66,951	0	0
SUPERNUS PHARMACEUTICALS INC.	COM	868459108	16,446	693,322	SH		SOLE	0	693,322	0	0
AT&T	COM	00206R102	346	8,860	SH		SOLE	0	8,860	0	0
TERADYNE INC.	COM	880770102	1,105	16,208	SH		SOLE	0	16,208	0	0
TELARIA, INC.	COM	879181105	14,642	1,661,972	SH		SOLE	0	1,661,972	0	0
T ROWE PRICE GROUP INC.	COM	74144T108	267	2,194	SH		SOLE	0	2,194	0	0
THE TRADE DESK - CL A	COM	88339J105	22,425	86,324	SH		SOLE	0	86,324	0	0
TWILIO INC. - CLASS A	COM	90138F102	10,404	105,858	SH		SOLE	0	105,858	0	0
TYLER TECHNOLOGIES, INC	COM	902252105	21,424	71,407	SH		SOLE	0	71,407	0	0
UDR INC.	COM	902653104	486	10,416	SH		SOLE	0	10,416	0	0
ULTA SALON COSMETICS AND FRAGRANCE, INC.	COM	90384S303	641	2,534	SH		SOLE	0	2,534	0	0
UNITED HEALTH GROUP	COM	91324P102	1,077	3,664	SH		SOLE	0	3,664	0	0
UNION PACIFIC CORP	COM	907818108	7,559	41,810	SH		SOLE	0	41,810	0	0
UPLAND SOFTWARE INC.	COM	91544A109	16,844	471,700	SH		SOLE	0	471,700	0	0
VICOR CORP	COM	925815102	28,096	601,366	SH		SOLE	0	601,366	0	0
VERTEX PHARMACEUTICALS INC.	COM	92532F100	1,042	4,760	SH		SOLE	0	4,760	0	0
VIASAT INC.	COM	92552V100	26,954	368,245	SH		SOLE	0	368,245	0	0
VANGUARD TOTAL STOCK MARKET ETF	COM	922908769	6,464	39,508	SH		SOLE	0	39,508	0	0
VERIZON COMMUNICATIONS INC	COM	92343V104	1,038	16,900	SH		SOLE	0	16,900	0	0
WOODWARD INC	COM	980745103	894	7,552	SH		SOLE	0	7,552	0	0
XILINX INC	COM	983919101	929	9,500	SH		SOLE	0	9,500	0	0
CONSUMER STAPLES SELECT SECTOR SPDR FUND	COM	81369Y308	3,873	61,500	SH		SOLE	0	61,500	0	0
EXXON MOBIL CORP	COM	30231G102	2,293	32,862	SH		SOLE	0	32,862	0	0
INVESCO S&P SMALL CAP LOW VOLATILITY ETF	COM	46138G102	3,007	59,106	SH		SOLE	0	59,106	0	0