13F-HR 1 dec2008-13f.txt Main Page (1) TYPE 13F-HR DOCUMENT-COUNT 1 PERIOD 12/31/08 FILER CIK 0000897070 SUBMISSION-CONTACT NAME VICTORIA HORAN PHONE 302-655-1750 Attached Documents Page (2) FORM 13F FORM 13F COVER PAGE Report for the Calendar Year or Quarter Ended: December 31, 2008 Check here if Amendment [ ]; Amendment Number: This Amendment (Check only one.): [ ] is a restatement. [ ] adds new holdings entries. Institutional Investment Manager Filing this Report: Name: Ashford Capital Management, Inc. Address: P.O. Box 4172 Wilmington, DE 19807 13F File Number: 28-3420 The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form. Person Signing this Report on Behalf of Reporting Manager: Name: Louise Victoria Horan Title: Vice President, Operations Phone: 302-655-1750 Signature, Place, and Date of Signing: ____________________________ _____________________________ __________ [Signature] [City, State] [Date] Report Type (Check only one.): [X] 13F HOLDINGS REPORT. [ ] 13F NOTICE. [ ] 13F COMBINATION REPORT. List of Other Managers Reporting for this Manager: Form 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 1 Form 13F Information Table Entry Total: 103 Form 13F Information Table Value Total: $534,752 (thousands) List of Other Included Managers: ABANCO Investments Ltd. SEC file #028-06287 NAME OF ISSUER TITLE OF CLASS CUSIP VALUE(K) SH/P AMT S/P P/C INV DSC MANAGERS SOLE SHARED NONE ADOBE SYSTEMS COM 00724F101 486 22835 SH SOLE 22835 0 0 ARGAN INC. COM 04010E109 4681 429450 SH SOLE 429450 0 0 ARGAN INC. (S-3) COM 04010E109 6813 625000 SH SOLE 625000 0 0 AMBASSADORS INT COM 023178106 906 1394265 SH SOLE 1394265 0 0 ANADARKO PETRO COM 032511107 272 7054 SH SOLE 7054 0 0 AMERICAN PUBLIC EDUCATION IN COM 02913V103 4530 121800 SH SOLE 121800 0 0 ARIBA INC. COM 04033V203 9447 1310300 SH SOLE 1310300 0 0 ASPECT MEDICAL SYSTEMS COM 045235108 2025 593890 SH SOLE 593890 0 0 NATUS MEDICAL INC. COM 639050103 396 30600 SH SOLE 30600 0 0 BILL BARRETT COM 06846N104 14510 686700 SH SOLE 686700 0 0 BB HOLDINGS LTD. COM P1622X106 102 43406 SH SOLE 43406 0 0 BALCHEM CORP COM 057665200 15951 640357 SH SOLE 640357 0 0 BMP SUNSTONE CORPORATION COM 05569C105 6450 1158000 SH SOLE 1158000 0 0 BMP SUNSTONE CORPORATION (S-3) COM 05569C105 4628 830953 SH SOLE 830953 0 0 BMP SUNSTONE CORPORATION (S-3) COM 05569C105 1264 227006 SH SOLE 227006 0 0 BMP SUNSTONE CORPORATION (WTS) COM 05569C105 462 82960 SH SOLE 82960 0 0 IMMUCOR INC COM 452526106 8156 306846 SH SOLE 306846 0 0 BANK OF FLORIDA CORPORATION COM 062128103 1585 376500 SH SOLE 376500 0 0 BANK OF FLORIDA CORP. (S3) COM 062128103 758 180000 SH SOLE 180000 0 0 BERKSHIRE HATHAWAY A COM 084670108 2608 27 SH SOLE 27 0 0 BERKSHIRE HATHAWAY B COM 084670207 1829 569 SH SOLE 569 0 0 BROWN & BROWN INC COM 115236101 577 27600 SH SOLE 27600 0 0 META FINANCIAL COM 59100U108 2246 249543 SH SOLE 249543 0 0 CHINACAST EDUCATION CORP COM 16946T109 472 185700 SH SOLE 185700 0 0 CENTRAL EUROPEAN DIST CORP COM 153435102 1319 66940 SH SOLE 66940 0 0 CENTRAL EUROPEAN MEDIA ENT-A COM G20045202 2922 134520 SH SOLE 134520 0 0 CKX INC. COM 12562M106 10265 2796915 SH SOLE 2796915 0 0 CLARUS CORP COM 182707109 5203 1224250 SH SOLE 1224250 0 0 CONCUR TECHNOLOGIES, INC. COM 206708109 4276 130300 SH SOLE 130300 0 0 CONVERA CORP COM 211919105 1842 7084382 SH SOLE 7084382 0 0 CONVERA CORP (S-3) COM 211919105 44 168400 SH SOLE 168400 0 0 COPART INC COM 217204106 8294 305050 SH SOLE 305050 0 0 COSTAR GROUP INC COM 22160N109 3305 100348 SH SOLE 100348 0 0 CASH AMERICA INT'L INC. COM 14754D100 465 17000 SH SOLE 17000 0 0 CONSTANT CONTACT INC. COM 210313102 9604 724800 SH SOLE 724800 0 0 COUSINS PPTYS COM 222795106 346 24995 SH SOLE 24995 0 0 CHEVRON CORPORATION COM 166764100 303 4100 SH SOLE 4100 0 0 DAILY JOURNAL CORP COM 233912104 767 22400 SH SOLE 22400 0 0 DOLBY LABORATORIES INC. COM 25659T107 285 8700 SH SOLE 8700 0 0 DOLAN MEDIA COMPANY INC. COM 25659P402 9632 1461600 SH SOLE 1461600 0 0 DRIL-QUIP INC. COM 262037104 4742 231200 SH SOLE 231200 0 0 EBIX INC. COM 278715206 8811 368650 SH SOLE 368650 0 0 EBIX INC. (RESTRICTED) COM 278715206 6872 319500 SH SOLE 319500 0 0 AMERICAN ECOLOGY CORP COM 025533407 4649 229800 SH SOLE 229800 0 0 EPIQ SYSTEMS INC COM 26882D109 25908 1550461 SH SOLE 1550461 0 0 EQUINIX INC COM 29444U502 16859 316959 SH SOLE 316959 0 0 EXPEDITORS INTL COM 302130109 1587 47700 SH SOLE 47700 0 0 EXPONENT INC. COM 30214U102 670 22260 SH SOLE 22260 0 0 FTI CONSULTING INC COM 302941109 13500 302140 SH SOLE 302140 0 0 LANGER INC. COM 515707107 122 163100 SH SOLE 163100 0 0 GEOEYE INC. COM 37250W108 13869 721229 SH SOLE 721229 0 0 GLOBAL TRAFFIC NETWORK, I COM 37947B103 5110 875000 SH SOLE 875000 0 0 GEN-PROBE INC COM 36866T103 11850 276600 SH SOLE 276600 0 0 GENOPTIX INC COM 37243V100 14245 418000 SH SOLE 418000 0 0 HAEMONETICS CORP. COM 405024100 12181 215600 SH SOLE 215600 0 0 HEWLETT-PACKARD COM 428236103 526 14484 SH SOLE 14484 0 0 HSW INTERNATIONAL, INC COM 40431N104 377 992298 SH SOLE 992298 0 0 HSW INTL (DELEGENDED) COM 40431N104 310 815217 SH SOLE 815217 0 0 IHS INC. COM 451734107 4487 119900 SH SOLE 119900 0 0 IRIS INTERNATIONAL, INC. COM 46270W105 10523 754900 SH SOLE 754900 0 0 INTL SPEEDWAY-A COM 460335201 443 15420 SH SOLE 15420 0 0 INTL SPEEDWAY-B COM 460335300 1083 37725 SH SOLE 37725 0 0 JOHNSON & JOHNSON COM 478160104 251 4200 SH SOLE 4200 0 0 COCA-COLA CO COM 191216100 369 8152 SH SOLE 8152 0 0 MULTI-COLOR CORP COM 625383104 3883 245445 SH SOLE 245445 0 0 LITTELFUSE INC COM 537008104 175 10550 SH SOLE 10550 0 0 LKQ CORP COM 501889208 8015 687351 SH SOLE 687351 0 0 LIQUIDITY SERVICES COM 53635B107 15063 1808300 SH SOLE 1808300 0 0 LIBERTY PROPERTIES COM 531172104 680 29800 SH SOLE 29800 0 0 MARKETAXESS HOLDINGS INC COM 57060D108 100 12300 SH SOLE 12300 0 0 MAXIM INTEGRATED COM 57772K101 520 45500 SH SOLE 45500 0 0 NAVIGATORS GROUP INC COM 638904102 5534 100780 SH SOLE 100780 0 0 NEUSTAR INC. COM 64126X201 9632 503480 SH SOLE 503480 0 0 OMNITURE INC. COM 68212S109 9015 847250 SH SOLE 847250 0 0 ONYX PHARMACEUTICALS INC. COM 683399109 9271 271400 SH SOLE 271400 0 0 OSI PHARMACEUTICALS INC. COM 671040103 19958 511100 SH SOLE 511100 0 0 OSCIENT PHARMACEUTICALS CORP COM 68812R303 17 93750 SH SOLE 93750 0 0 METROPCS COMMUNICATIONS INC. COM 591708102 14734 992160 SH SOLE 992160 0 0 PEET'S COFFEE AND TEA INC. COM 705560100 10461 449940 SH SOLE 449940 0 0 BANKRATE INC COM 06646V108 17358 456800 SH SOLE 456800 0 0 RITCHIE BROS. AUCTIONEERS COM 767744105 875 40842 SH SOLE 40842 0 0 RENTRAK CORPORATION COM 760174102 8404 712814 SH SOLE 712814 0 0 AARON RENTS INC COM 002535201 2850 107081 SH SOLE 107081 0 0 RRSAT GLOBAL COMMUNICATIONS COM M8183P102 1845 160320 SH SOLE 160320 0 0 COMSCORE INC COM 20564W105 7236 567500 SH SOLE 567500 0 0 SEACHANGE INT'L INC. COM 811699107 13243 1836699 SH SOLE 1836699 0 0 SHUTTERFLY INC. COM 82568P304 958 137000 SH SOLE 137000 0 0 SVB FINANCIAL GROUP COM 78486Q101 5881 224215 SH SOLE 224215 0 0 SKILLSOFT PLC ADR COM 830928107 378 53000 SH SOLE 53000 0 0 SERACARE LIFE SCIENCES INC COM 81747T104 3186 2469507 SH SOLE 2469507 0 0 STRAYER EDUCATION INC COM 863236105 6810 31761 SH SOLE 31761 0 0 AT&T COM 00206R102 272 9540 SH SOLE 9540 0 0 TECHNE CORP COM 878377100 6155 95400 SH SOLE 95400 0 0 TELVENT GIT SA COM 017849503 2067 141471 SH SOLE 141471 0 0 TERREMARK WORLDWIDE, INC. COM 881448203 17489 4495954 SH SOLE 4495954 0 0 TETRA TECH INC. COM 88162G103 2527 104640 SH SOLE 104640 0 0 T3 ENERGY SERVICES COM 87306E107 615 65100 SH SOLE 65100 0 0 UDR INC. COM 902653104 322 23330 SH SOLE 23330 0 0 UNION PACIFIC CORP COM 907818108 1000 20916 SH SOLE 20916 0 0 UTAH MEDICAL PRODUCTS INC COM 917488108 4512 205550 SH SOLE 205550 0 0 WOODWARD GOVERNOR CO COM 980745103 8186 355600 SH SOLE 355600 0 0 WESTERN UNION COM 959802109 644 44942 SH SOLE 44942 0 0 XATA CORP COM 983882309 1844 996757 SH SOLE 996757 0 0 XATA CORP (S3) COM 983882309 786 425000 SH SOLE 425000 0 0 EXXON MOBIL CORP COM 30231G102 3360 42092 SH SOLE 42092 0 0
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