Ashford Capital Management as of Dec. 31, 2011
Portfolio Holdings for Ashford Capital Management
Ashford Capital Management holds 0 positions in its portfolio as reported in the December 2011 quarterly 13F filing
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NAME OF ISSUER TITLE OF CLASS CUSIP VALUE(K) SH/P AMT S/P P/C INV DSC MANAGERS SOLE SHARED NONE
ABBOTT LABORATORIES COM 002824100 405 7195 SH SOLE 7195 0 0
ADOBE SYSTEMS COM 00724F101 294 10400 SH SOLE 10400 0 0
ANADARKO PETROLEUM CORPORATI N COM 032511107 538 7054 SH SOLE 7054 0 0
AMERICAN PUBLIC EDUCATION IN COM 02913V103 3470 80170 SH SOLE 80170 0 0
ARIBA INC. COM 04033V203 5980 212950 SH SOLE 212950 0 0
BILL BARRETT SDCV 5% DUE 3/1 / CONV BONDS 06846NAA2 791 790000 PRN SOLE 790000 0 0
BALCHEM CORP COM 057665200 10814 266757 SH SOLE 266757 0 0
BLACK DIAMOND INC. COM 09202G101 15745 2107700 SH SOLE 2107700 0 0
BRISTOL-MYERS SQUIBB CO COM 110122108 874 24795 SH SOLE 24795 0 0
BERKSHIRE HATHAWAY A COM 084670108 2525 22 SH SOLE 22 0 0
BERKSHIRE HATHAWAY B COM 084670207 2059 26985 SH SOLE 26985 0 0
BROWN & BROWN INC COM 115236101 211 10800 SH SOLE 10800 0 0
BLACKSTONE GROUP COM 09253U108 206 14700 SH SOLE 14700 0 0
CHINACAST EDUCATION CORP COM 16946T109 22641 3699550 SH SOLE 3699550 0 0
CATERPILLAR INC. COM 149123101 287 3169 SH SOLE 3169 0 0
CEVA, INC. COM 157210105 470 15540 SH SOLE 15540 0 0
CORE LABORATORIES NV COM N22717107 8592 75400 SH SOLE 75400 0 0
CANTEL MEDICAL CORP COM 138098108 754 27000 SH SOLE 27000 0 0
CONCUR TECHNOLOGIES, INC. COM 206708109 10188 200600 SH SOLE 200600 0 0
CONOCO PHILLIPS COM 20825C104 815 11185 SH SOLE 11185 0 0
COPART INC COM 217204106 10468 218575 SH SOLE 218575 0 0
COSTAR GROUP INC COM 22160N109 13630 204260 SH SOLE 204260 0 0
CONSTANT CONTACT INC. COM 210313102 5413 233200 SH SOLE 233200 0 0
CVS/CAREMARK CORPORATION COM 281020107 331 8000 SH SOLE 8000 0 0
CHEVRON CORPORATION COM 166764100 348 3270 SH SOLE 3270 0 0
CYMER INC COM 232572107 6572 132070 SH SOLE 132070 0 0
DU PONT (E.I.) DE NEMOURS COM 263534109 899 19632 SH SOLE 19632 0 0
WISDOM TREE EMERGING MARKETS E COM 97717W315 2978 58084 SH SOLE 58084 0 0
DAILY JOURNAL CORP COM 233912104 1114 17100 SH SOLE 17100 0 0
DORMAN PRODUCTS INC. COM 258278100 5285 143099 SH SOLE 143099 0 0
DUKE ENERGY CORP COM 26441C105 272 12367 SH SOLE 12367 0 0
EBIX INC. COM 278715206 13612 615950 SH SOLE 615950 0 0
EBIX INC. (S-1) COM 278715206 8120 367400 SH SOLE 367400 0 0
BOTTOMLINE TECHNOLOGIES COM 101388106 7533 325100 SH SOLE 325100 0 0
EPIQ SYSTEMS INC COM 26882D109 18789 1563150 SH SOLE 1563150 0 0
EQUINIX INC COM 29444U502 963 9495 SH SOLE 9495 0 0
EXPEDITORS INTL COM 302130109 1810 44200 SH SOLE 44200 0 0
FTI CONSULTING INC COM 302941109 848 20000 SH SOLE 20000 0 0
FEI COMPANY COM 30241L109 9515 233320 SH SOLE 233320 0 0
FORRESTER RESEARCH INC COM 346563109 4726 139244 SH SOLE 139244 0 0
GENERAL ELECTRIC COMPANY COM 369604103 1041 58139 SH SOLE 58139 0 0
GENERAL MILLS INC COM 370334104 1397 34561 SH SOLE 34561 0 0
GREENLIGHT CAPITAL RE LTD COM G4095J109 4194 177200 SH SOLE 177200 0 0
GEN-PROBE INC COM 36866T103 4650 78650 SH SOLE 78650 0 0
GT ADVANCED TECHNOLOGIES, IN COM 36191U106 1200 165800 SH SOLE 165800 0 0
HAEMONETICS CORP. COM 405024100 4142 67660 SH SOLE 67660 0 0
HALLIBURTON CO COM 406216101 208 6026 SH SOLE 6026 0 0
HEALTHCARE SERVICES GROUP COM 421906108 10984 620900 SH SOLE 620900 0 0
HILLENBRAND INC. COM 431571108 8429 377650 SH SOLE 377650 0 0
HEWLETT-PACKARD COMPANY COM 428236103 222 8630 SH SOLE 8630 0 0
HERCULES TECHNOLOGY GROWT COM 427096508 3779 400300 SH SOLE 400300 0 0
HUB GROUP INC - CL A COM 443320106 3395 104700 SH SOLE 104700 0 0
IAC/INTERACTIVE CORPORATION COM 44919P508 12139 284950 SH SOLE 284950 0 0
INTERNATIONAL BUSINESS MACHI E COM 459200101 285 1549 SH SOLE 1549 0 0
IHS INC. COM 451734107 16217 188225 SH SOLE 188225 0 0
KELLOGG CO COM 487836108 974 19254 SH SOLE 19254 0 0
KRAFT FOODS INC - CLASS A COM 50075N104 1048 28039 SH SOLE 28039 0 0
KIMBERLY CLARK CORPORATION COM 494368103 228 3100 SH SOLE 3100 0 0
KINDER MORGAN HOLDCO LLC COM 49456B101 830 25800 SH SOLE 25800 0 0
KINDER MORGAN ENERGY PRTNRS COM 494550106 6082 71600 SH SOLE 71600 0 0
KINDER MORGAN MANAGEMENT COM 49455U100 7735 98511 SH SOLE 98511 0 0
COCA-COLA CO COM 191216100 924 13206 SH SOLE 13206 0 0
LITTELFUSE INC COM 537008104 3597 83700 SH SOLE 83700 0 0
LIGAND PHARMACEUTICALS - CL COM 53220K504 4927 415100 SH SOLE 415100 0 0
LIHUA INTERNATIONAL INC COM 532352101 773 162475 SH SOLE 162475 0 0
LKQ CORP COM 501889208 10408 346000 SH SOLE 346000 0 0
LOGMEIN, INC COM 54142L109 10237 265550 SH SOLE 265550 0 0
GRAND CANYON EDUCATION INC COM 38526M106 4603 288424 SH SOLE 288424 0 0
LIVEPERSON INC COM 538146101 2949 235000 SH SOLE 235000 0 0
LIQUIDITY SERVICES COM 53635B107 26223 710650 SH SOLE 710650 0 0
LIBERTY PROPERTIES COM 531172104 374 12100 SH SOLE 12100 0 0
MCDONALDS CORP. COM 580135101 201 2000 SH SOLE 2000 0 0
MEDIDATA SOLUTIONS INC COM 58471A105 11232 516400 SH SOLE 516400 0 0
MEASUREMENT SPECIALTIES, INC COM 583421102 1631 58320 SH SOLE 58320 0 0
MARKETAXESS HOLDINGS INC COM 57060D108 10299 342060 SH SOLE 342060 0 0
3M CO COM 88579Y101 593 7255 SH SOLE 7255 0 0
ALTRIA GROUP INC COM 02209S103 1182 39867 SH SOLE 39867 0 0
MAXIM INTEGRATED COM 57772K101 940 36100 SH SOLE 36100 0 0
NATIONAL AMERICAN UNIVERSITY H COM 63245Q105 11137 1469318 SH SOLE 1469318 0 0
NATIONAL AMERICAN UNIVERSITY H COM 63245Q105 1586 261666 SH SOLE 261666 0 0
NEW MOUNTAIN FINANCE CORP COM 647551100 4325 322484 SH SOLE 322484 0 0
NORFOLK SOUTHERN CORP COM 655844108 1391 19095 SH SOLE 19095 0 0
NUANCE COMMUNICATIONS INC COM 67020Y100 7442 295800 SH SOLE 295800 0 0
METROPCS COMMUNICATIONS INC. COM 591708102 174 20000 SH SOLE 20000 0 0
PEET`S COFFEE AND TEA INC. COM 705560100 10228 163180 SH SOLE 163180 0 0
PEPSICO INC COM 713448108 2494 37596 SH SOLE 37596 0 0
PFIZER INC COM 717081103 226 10425 SH SOLE 10425 0 0
PHILIP MORRIS INTERNATIONAL COM 718172109 1572 20029 SH SOLE 20029 0 0
PPG INDUSTRIES INC COM 693506107 1006 12055 SH SOLE 12055 0 0
POLYPORE INTERNATIONAL INC COM 73179V103 561 12760 SH SOLE 12760 0 0
RENTRAK CORPORATION COM 760174102 287 20100 SH SOLE 20100 0 0
ROYAL GOLD INC COM 780287108 5025 74525 SH SOLE 74525 0 0
RED HAT INC COM 756577102 475 11500 SH SOLE 11500 0 0
ROPER INDUSTRIES, INC COM 776696106 2339 26920 SH SOLE 26920 0 0
COMSCORE INC COM 20564W105 13068 616400 SH SOLE 616400 0 0
SHUTTERFLY INC. COM 82568P304 970 42600 SH SOLE 42600 0 0
SIGMA-ALDRICH CORPORATION COM 826552101 225 3600 SH SOLE 3600 0 0
SVB FINANCIAL GROUP COM 78486Q101 11059 231893 SH SOLE 231893 0 0
SILVER WHEATON CORP COM 828336107 5818 200900 SH SOLE 200900 0 0
SANTARUS INC. COM 802817304 12330 3725172 SH SOLE 3725172 0 0
SOUTHERN CO COM 842587107 255 5500 SH SOLE 5500 0 0
SPS COMMERCE INC COM 78463M107 366 14100 SH SOLE 14100 0 0
SCIQUEST INC COM 80908T101 644 45100 SH SOLE 45100 0 0
STERICYCLE INC COM 858912108 559 7170 SH SOLE 7170 0 0
STRAYER EDUCATION INC COM 863236105 525 5400 SH SOLE 5400 0 0
SYSCO CORPORATION COM 871829107 1099 37485 SH SOLE 37485 0 0
AT^T COM 00206R102 265 8770 SH SOLE 8770 0 0
TASER INT`L INC. COM 87651B104 1122 219100 SH SOLE 219100 0 0
TRICAN WELL SERVICE LTD COM 895945103 2812 162900 SH SOLE 162900 0 0
TEVA PHARMACEUTICAL ADR COM 881624209 515 12750 SH SOLE 12750 0 0
TENNANT CO COM 880345103 5757 148100 SH SOLE 148100 0 0
TANGOE INC/CT COM 87582Y108 5119 332412 SH SOLE 332412 0 0
TRANSCEND SERVICES INC COM 893929208 6713 282900 SH SOLE 282900 0 0
T ROWE PRICE GROUP INC. COM 74144T108 269 4718 SH SOLE 4718 0 0
CVR PARTNERS LP COM 126633106 621 25000 SH SOLE 25000 0 0
UDR INC. COM 902653104 633 25211 SH SOLE 25211 0 0
ULTA SALON COSMETICS AND FRA R COM 90384S303 1006 15500 SH SOLE 15500 0 0
UNITED HEALTH GROUP COM 91324P102 258 5100 SH SOLE 5100 0 0
UNION PACIFIC CORP COM 907818108 2216 20916 SH SOLE 20916 0 0
VICOR CORP COM 925815102 1336 167900 SH SOLE 167900 0 0
VERISK ANALYTICS INC - CLASS A COM 92345Y106 225 5600 SH SOLE 5600 0 0
VIASAT INC. COM 92552V100 5880 127500 SH SOLE 127500 0 0
VERIZON COMMUNICATIONS INC COM 92343V104 294 7320 SH SOLE 7320 0 0
WISCONSIN ENERGY CORP COM 976657106 1082 30947 SH SOLE 30947 0 0
WESTERN UNION COM 959802109 381 20871 SH SOLE 20871 0 0
WOODWARD INC COM 980745103 2583 63100 SH SOLE 63100 0 0
EXXON MOBIL CORP COM 30231G102 4517 53296 SH SOLE 53296 0 0
IPATH S^P 500 DYNAMIC VIX ETN COM 06741L609 14712 260152 SH SOLE 260152 0 0
ISHARES BARCLAYS AGGREGATE COM 464287226 2703 24520 SH SOLE 24520 0 0
ISHARES DJ SELECT DIVIDEND COM 464287168 7616 141642 SH SOLE 141642 0 0
ISHARES IBOXX H/Y CORP BOND COM 464288513 5563 62207 SH SOLE 62207 0 0
ISHARES IBOXX INV. GRADE CORP COM 464287242 5190 45624 SH SOLE 45624 0 0
ISHARES INTERMEDIATE CREDIT COM 464288638 1751 16334 SH SOLE 16334 0 0
ISHARES MSCI EAFE GROWTH INDEX COM 464288885 2973 57169 SH SOLE 57169 0 0
ISHARES MSCI EAFE VALUE INDEX COM 464288877 4063 95153 SH SOLE 95153 0 0
ISHARES S^P 500 GROWTH INDEX COM 464287309 3197 47406 SH SOLE 47406 0 0
ISHARES S^P 500 VALUE INDEX COM 464287408 3720 64321 SH SOLE 64321 0 0
POWERSHARES DB COMMODITY INDEX COM 73935S105 3101 115524 SH SOLE 115524 0 0
SPDR S^P 500 ETF TRUST COM 78462F103 2673 21299 SH SOLE 21299 0 0
VANGUARD EXTENDED MARKET ETF COM 922908652 3014 58143 SH SOLE 58143 0 0
VANGUARD REIT ETF COM 922908553 4896 84413 SH SOLE 84413 0 0
WISDOM TREE EMERGING MARKETS COM 97717W315 2978 58084 SH SOLE 58084 0 0