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
AXON ENTERPRISE, INC.	COM	05464C101	22,202	313,723	SH		SOLE	0	313,723	0	0
ADOBE SYSTEMS	COM	00724F101	2,720	8,547	SH		SOLE	0	8,547	0	0
WISDOMTREE BARCLAYS YIELD ENHANCED U.S. AGGREGATE	COM	97717X511	22,287	431,499	SH		SOLE	0	431,499	0	0
ARGAN INC.	COM	04010E109	24,078	696,510	SH		SOLE	0	696,510	0	0
ANTERO MIDSTREAM CORP	COM	03676B102	42	20,000	SH		SOLE	0	20,000	0	0
AMAZON	COM	023135106	1,646	844	SH		SOLE	0	844	0	0
APPIAN CORP	COM	03782L101	7,612	189,210	SH		SOLE	0	189,210	0	0
BALCHEM CORP	COM	057665200	785	7,950	SH		SOLE	0	7,950	0	0
BERKSHIRE HATHAWAY A	COM	084670108	5,984	22	SH		SOLE	0	22	0	0
BERKSHIRE HATHAWAY B	COM	084670702	1,550	8,477	SH		SOLE	0	8,477	0	0
BROWN & BROWN INC	COM	115236101	507	14,000	SH		SOLE	0	14,000	0	0
BLACKSTONE GROUP	COM	09260D107	492	10,800	SH		SOLE	0	10,800	0	0
META FINANCIAL GROUP INC	COM	59100U108	12,652	582,485	SH		SOLE	0	582,485	0	0
CARLYLE GROUP	COM	14316J108	541	25,000	SH		SOLE	0	25,000	0	0
CHEGG INC.	COM	163092109	25,658	717,100	SH		SOLE	0	717,100	0	0
COPART INC	COM	217204106	15,813	230,786	SH		SOLE	0	230,786	0	0
COSTAR GROUP INC	COM	22160N109	18,598	31,672	SH		SOLE	0	31,672	0	0
CAVCO INDUSTRIES, INC.	COM	149568107	10,792	74,457	SH		SOLE	0	74,457	0	0
DANAHER CORPORATION	COM	235851102	1,230	8,886	SH		SOLE	0	8,886	0	0
EBIX INC.	COM	278715206	4,663	307,183	SH		SOLE	0	307,183	0	0
ISHARES EDGE MSCI MIN VOL EAFE ETF	COM	46429B689	3,357	54,098	SH		SOLE	0	54,098	0	0
ENVESTNET INC	COM	29404K106	708	13,169	SH		SOLE	0	13,169	0	0
ENTERPRISE PRODUCTS PARTNERS	COM	293792107	229	16,000	SH		SOLE	0	16,000	0	0
EQUINIX INC	COM	29444U700	7,846	12,563	SH		SOLE	0	12,563	0	0
ENERGY TRANSFER LP	COM	29273V100	645	140,296	SH		SOLE	0	140,296	0	0
ISHARES EDGE MSCI MIN VOL EUROPE ETF	COM	46434V720	2,530	114,727	SH		SOLE	0	114,727	0	0
FRANCO-NEVADA CORP	COM	351858105	10,426	104,765	SH		SOLE	0	104,765	0	0
GAMCO GLOBAL GOLD NATURAL RESOURCES AND INCOME TRU	COM	36465A109	1,052	386,733	SH		SOLE	0	386,733	0	0
GREAT LAKES DREDGE & DOCK CO	COM	390607109	12,772	1,538,800	SH		SOLE	0	1,538,800	0	0
ALPHABET INC - CL C	COM	38259P706	370	318	SH		SOLE	0	318	0	0
ALPHABET INC. CLASS A	COM	38259P508	534	460	SH		SOLE	0	460	0	0
GOOSEHEAD INSURANCE INC-CL A	COM	38267D109	7,365	165,030	SH		SOLE	0	165,030	0	0
PUREFUNDS ISE CYBER SECURITY ETF	COM	26924G201	3,235	90,681	SH		SOLE	0	90,681	0	0
HEALTHEQUITY, INC.	COM	42226A107	22,902	452,704	SH		SOLE	0	452,704	0	0
ILLUMINA INC	COM	452327109	216	790	SH		SOLE	0	790	0	0
INCYTE CORP	COM	45337C102	20,342	277,789	SH		SOLE	0	277,789	0	0
IHS MARKIT LTD	COM	G47567105	1,238	20,626	SH		SOLE	0	20,626	0	0
ISHARES U.S. AEROSPACE & DEFENCE ETF	COM	464288760	1,546	10,749	SH		SOLE	0	10,749	0	0
JOHNSON & JOHNSON	COM	478160104	288	2,200	SH		SOLE	0	2,200	0	0
KINDER MORGAN HOLDCO LLC	COM	49456B101	2,666	191,539	SH		SOLE	0	191,539	0	0
KINSALE CAPITAL GROUP INC.	COM	49714P108	5,373	51,400	SH		SOLE	0	51,400	0	0
COCA-COLA CO	COM	191216100	917	20,730	SH		SOLE	0	20,730	0	0
LIGAND PHARMACEUTICALS - CL B	COM	53220K504	516	7,100	SH		SOLE	0	7,100	0	0
LKQ CORP	COM	501889208	222	10,800	SH		SOLE	0	10,800	0	0
LIMONEIRA CO.	COM	532746104	13,184	1,006,424	SH		SOLE	0	1,006,424	0	0
LIVONGO HEALTH, INC.	COM	539183103	21,276	745,730	SH		SOLE	0	745,730	0	0
MERCADO LIBRE	COM	58733R102	220	450	SH		SOLE	0	450	0	0
MARKETAXESS HOLDINGS INC	COM	57060D108	20,179	60,677	SH		SOLE	0	60,677	0	0
MOLINA HEALTHCARE INC.	COM	60855R100	889	6,365	SH		SOLE	0	6,365	0	0
MORNINGSTAR INC	COM	617700109	680	5,848	SH		SOLE	0	5,848	0	0
MERCK & CO	COM	58933Y105	408	5,300	SH		SOLE	0	5,300	0	0
MICROSOFT CORPORATION	COM	594918104	2,233	14,161	SH		SOLE	0	14,161	0	0
NORTONLIFELOCK INC	COM	668771108	947	50,590	SH		SOLE	0	50,590	0	0
NV5 GLOBAL, INC.	COM	62945V109	12,063	292,160	SH		SOLE	0	292,160	0	0
OPORTUN FINANCIAL CORP	COM	68376D104	7,412	702,600	SH		SOLE	0	702,600	0	0
PROCTOR & GAMBLE COMPANY	COM	742718109	244	2,216	SH		SOLE	0	2,216	0	0
PLURALSIGHT INC	COM	72941B106	17,271	1,572,910	SH		SOLE	0	1,572,910	0	0
POWERSHARES NATIONAL AMT-FREE MUNICIPAL BOND PORTF	COM	46138E537	232	8,980	SH		SOLE	0	8,980	0	0
INVESCO QQQ TRUST SERIES 1	COM	46090E103	3,835	20,141	SH		SOLE	0	20,141	0	0
QUANTERIX CORP	COM	74766Q101	11,987	652,524	SH		SOLE	0	652,524	0	0
BROOKFIELD REAL ASSETS INCOME FUND INC	COM	112830104	2,299	156,583	SH		SOLE	0	156,583	0	0
REGENERON PHARMACEUTICALS INC	COM	75886F107	503	1,030	SH		SOLE	0	1,030	0	0
ROPER TECHNOLOGIES, INC	COM	776696106	2,866	9,192	SH		SOLE	0	9,192	0	0
SINCLAIR BROADCAST GROUP -A	COM	829226109	563	35,000	SH		SOLE	0	35,000	0	0
SHOPIFY, INC. - CLASS A	COM	82509L107	12,117	29,063	SH		SOLE	0	29,063	0	0
SVB FINANCIAL GROUP	COM	78486Q101	6,791	44,949	SH		SOLE	0	44,949	0	0
INVESCO S&P 500 LOW VOLATILITY ETF	COM	46138E354	3,596	76,650	SH		SOLE	0	76,650	0	0
SUPERNUS PHARMACEUTICALS INC.	COM	868459108	10,362	576,004	SH		SOLE	0	576,004	0	0
AT&T	COM	00206R102	259	8,890	SH		SOLE	0	8,890	0	0
TERADYNE INC.	COM	880770102	730	13,483	SH		SOLE	0	13,483	0	0
TELARIA, INC.	COM	879181105	11,957	1,992,902	SH		SOLE	0	1,992,902	0	0
T ROWE PRICE GROUP INC.	COM	74144T108	205	2,101	SH		SOLE	0	2,101	0	0
THE TRADE DESK - CL A	COM	88339J105	17,733	91,883	SH		SOLE	0	91,883	0	0
TWILIO INC. - CLASS A	COM	90138F102	12,568	140,438	SH		SOLE	0	140,438	0	0
TYLER TECHNOLOGIES, INC	COM	902252105	14,274	48,132	SH		SOLE	0	48,132	0	0
UDR INC.	COM	902653104	460	12,577	SH		SOLE	0	12,577	0	0
ULTA SALON COSMETICS AND FRAGRANCE, INC.	COM	90384S303	450	2,564	SH		SOLE	0	2,564	0	0
UNITED HEALTH GROUP	COM	91324P102	1,221	4,898	SH		SOLE	0	4,898	0	0
UNION PACIFIC CORP	COM	907818108	5,897	41,810	SH		SOLE	0	41,810	0	0
UPLAND SOFTWARE INC.	COM	91544A109	14,011	522,410	SH		SOLE	0	522,410	0	0
VICOR CORP	COM	925815102	23,987	538,545	SH		SOLE	0	538,545	0	0
VERTEX PHARMACEUTICALS INC.	COM	92532F100	1,187	4,988	SH		SOLE	0	4,988	0	0
VIASAT INC.	COM	92552V100	13,030	362,743	SH		SOLE	0	362,743	0	0
VERIZON COMMUNICATIONS INC	COM	92343V104	882	16,413	SH		SOLE	0	16,413	0	0
WOODWARD INC	COM	980745103	447	7,522	SH		SOLE	0	7,522	0	0
CONSUMER STAPLES SELECT SECTOR SPDR FUND	COM	81369Y308	5,119	93,986	SH		SOLE	0	93,986	0	0
EXXON MOBIL CORP	COM	30231G102	1,214	31,962	SH		SOLE	0	31,962	0	0
INVESCO S&P SMALL CAP LOW VOLATILITY ETF	COM	46138G102	1,949	58,802	SH		SOLE	0	58,802	0	0