ASHFORD CAPITAL MANAGEMENT INC

CRD 110696File 801-15054

APPROVED

Retail clients

Custody

Filing as of Jul 28, 2026

Feed vintage Aug 17, 2026

Regulatory AUM

$965.8M

Above cohort median (national)

Discretionary AUM

$965.8M

Clients

95 accounts

Employees

Top 25% of cohort in DE

Identity & registration

ADV Item 1

Organization form: Corporation
Firm type: Registered
SEC region: PLRO
Registration date: Feb 15, 1980
Principal office: ONE WALKERS MILL ROAD, WILMINGTON, DE, 19807-2317
Phone: 302-655-1750
Website: HTTP://ASHFORDCAPITAL.COM

Assets & accounts

ADV Item 5F

Total regulatory AUM: $965.8M
Discretionary AUM: $965.8M
Non-discretionary AUM: $0
Discretionary accounts: 95
Non-discretionary accounts: 0
Total accounts: 95
AUM per client: $10.5M

Clients by type

ADV Item 5D

Client type	Clients	AUM
Other	Fewer than 5	$1.2M
Charitable organizations	28	$359.1M
High net worth individuals	51	$276.2M
Pooled investment vehicles	6	$265.3M
Pension and profit sharing plans	Fewer than 5	$58.6M
Individuals (other than high net worth individuals)	7	$5.5M

Compensation & activities

ADV Items 5E, 5G

Compensation

Performance-based fees
A percentage of assets under your management

Advisory activities

Publications
Portfolio management for businesses
Portfolio management for pooled investment vehicles
Portfolio management for individuals and/or small businesses

Custody

ADV Item 9

Firm Custody Cash: No
Firm Custody Assets: Yes
Firm Custody Clients: Yes
Firm Custody Securities: No
Related Person Custody Cash: No
Related Person Custody Assets: No
Related Person Custody Clients: No
Related Person Custody Securities: Yes

Disclosure events

ADV Item 11

This firm answered no to every Item 11 disclosure question in this filing.

Filed changes

Date	Field	From	To
Aug 12, 2026	Registration	—	APPROVED

Every value above is reproduced from this firm's Form ADV filing. Fields the firm left blank are shown as “Not reported” rather than filled in from other sources.