ASHFORD CAPITAL MANAGEMENT INC

Q4 2025 13F-HR Holdings

Location
Wilmington, DE
Holdings as of
12/31/2025
Date filed
2/17/2026
Form type
13F-HR
Num holdings
109
Total value ($000)
$897,667
Net value change ($000)
-96 (-0.0%)
New positions
10
Sold out positions
11
Turnover %
6.4%
Sector allocation + QoQ delta (equities-only)
Prev filing: 11/14/2025 Next filing: — SEC filing

Snapshot: Change Analysis

Compared to Q3 2025
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
VICR 27,586 246.4%
SRAD 12,605 NEW
GSAT 9,694 18.9%
YOU 9,473 NEW
IDCC 9,363 NEW
UFPT 6,369 42.2%
AYI 4,847 25.8%
FROG 4,664 31.8%
RDVT 3,988 13.1%
VOXR 3,945 35.9%
Top Reduces (Value $000, Stocks/ETFs)
CPRT -12,835 -67.9%
CVCO -11,102 -39.8%
FNV -9,517 -33.8%
FLBL -8,755 -100.0%
CSGP -7,013 -29.6%
ODD -6,615 -19.4%
AESI -6,031 -79.7%
PRCH -5,171 -58.3%
AXON -4,900 -22.8%
TTD -4,325 -49.8%
Instrument mix + QoQ Δ (ex-options)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
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Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type