UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 13F
Form 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: September 30, 1999
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
Form 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: Jane C. Ashford
Title: Treasurer
Phone: 302-655-1750
Signature, Place, and Date of Signing:
____________________ _____________________________ __________
[Signature] [City, State] [Date]
Report Type (Check only one.):
[X] 13F HOLDINGS REPORT. (Check here if all holdings of this
reporting manager are reported in this report.)
[ ] 13F NOTICE. (Check here if no holdings reported are in this
report, and all holdings are reported by other reporting
manager(s).)
[ ] 13F COMBINATION REPORT. (Check here if a portion of the
holdings for this reporting manager are reported in this
report and a portion are reported by other reporting
manager(s).)
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Form 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
Form 13F Information Table Entry Total: 142
Form 13F Information Table Value Total: $399,745
(thousands)
List of Other Included Managers: NONE
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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
ARI NETWORK SVCS INC COM NEW 001930205 1085 209100 SH SOLE 209100 0 0
AARON RENTS INC COMMON 002535201 4225 244900 SH SOLE 244900 0 0
ACTEL CORP COMMON 004934105 4262 224300 SH SOLE 224300 0 0
ADOBE SYS INC COMMON 00724F101 817 7200 SH SOLE 7200 0 0
ADVANCED MACH VISION COR CL A 00753B104 1080 960000 SH SOLE 960000 0 0
AETRIUM INC COMMON 00817R103 301 43150 SH SOLE 43150 0 0
BIOTECHNOLOGY INV PTG RED PRF US.0 0097701 7394 1964700 SH SOLE 1964700 0 0
ALLIED CAP CORP NEW COMMON 01903Q108 6731 300000 SH SOLE 300000 0 0
AMBASSADORS INTL INC COMMON 023178106 6521 485300 SH SOLE 485300 0 0
AMERICAN COIN MERCHANDIS COMMON 02516B108 72 19900 SH SOLE 19900 0 0
AMERICAN PWR CONVERSION COMMON 029066107 2588 136200 SH SOLE 136200 0 0
AMERICAN SOFTWARE INC CL A 029683109 532 185000 SH SOLE 185000 0 0
AMRESCO INC COMMON 031909104 691 230400 SH SOLE 230400 0 0
ANESTA CORP COMMON 034603100 1897 206500 SH SOLE 206500 0 0
APPLIED IMAGING CORP COMMON 03820G106 1168 1384333 SH SOLE 1384333 0 0
ARCADIA FINL LTD COMMON 039101100 2721 630900 SH SOLE 630900 0 0
ARMOR HOLDINGS INC COMMON 042260109 1962 180400 SH SOLE 180400 0 0
ARTESYN TECHNOLOGIES INC COMMON 043127109 5028 265083 SH SOLE 265083 0 0
BMC SOFTWARE INC COMMON 055921100 1976 27608 SH SOLE 27608 0 0
BAKER FENTRESS & CO COM 057213100 200 14345 SH SOLE 14345 0 0
BELLSOUTH CORP COMMON 079860102 405 9000 SH SOLE 9000 0 0
BERKSHIRE HATHAWAY INC D CL A 084670108 1485 27 SH SOLE 27 0 0
BERKSHIRE HATHAWAY INC D CL B 084670207 1316 709 SH SOLE 709 0 0
BRISTOL MYERS SQUIBB CO COMMON 110122108 230 3400 SH SOLE 3400 0 0
BROWN & BROWN INC COMMON 115236101 748 22500 SH SOLE 22500 0 0
BUFFETS INC COMMON 119882108 1551 133450 SH SOLE 133450 0 0
CFI PROSERVICES INC COMMON 12525N100 283 28900 SH SOLE 28900 0 0
CMGI INC COMMON 125750109 20726 202200 SH SOLE 202200 0 0
CSG SYS INTL INC COMMON 126349109 4138 151000 SH SOLE 151000 0 0
CAREY INTERNATIONAL INC COMMON 141750109 6285 251400 SH SOLE 251400 0 0
CASH AMER INTL INC COMMON 14754D100 4570 484200 SH SOLE 484200 0 0
CENTRAL PKG CORP COMMON 154785109 9018 308315 SH SOLE 308315 0 0
CHALONE WINE GROUP LTD COMMON 157639105 96 10600 SH SOLE 10600 0 0
CHEVRON CORPORATION COMMON 166751107 568 6400 SH SOLE 6400 0 0
CHOICE HOTELS INTL INC COMMON 169905106 394 23001 SH SOLE 23001 0 0
CIRCUIT CITY STORE INC CIRCT CITY GRP 172737108 5040 119464 SH SOLE 119464 0 0
CLARUS CORP COMMON 182707109 3568 378100 SH SOLE 378100 0 0
COCA COLA CO COMMON 191216100 416 8632 SH SOLE 8632 0 0
CONCEPTUS INC COMMON 206016107 412 253400 SH SOLE 253400 0 0
COOKER RESTAURANT CORP SDCV 6.750 10/0 216284AA7 175 206000 PRN SOLE 206000 0 0
COPART INC COMMON 217204106 6918 375200 SH SOLE 375200 0 0
COSTAR GROUP INC COMMON 22160N109 1518 63600 SH SOLE 63600 0 0
COUSINS PPTYS INC COMMON 222795106 9423 277650 SH SOLE 277650 0 0
CREDIT ACCEP CORP MICH COMMON 225310101 109 18200 SH SOLE 18200 0 0
DAILY JOURNAL CORP COMMON 233912104 820 22400 SH SOLE 22400 0 0
DRUG EMPORIUM INC SDCV 7.750 10/0 262175AA0 579 810000 PRN SOLE 810000 0 0
DU PONT E I DE NEMOURS & COMMON 263534109 1365 22566 SH SOLE 22566 0 0
ELECTRONIC PROCESSING IN COMMON 285798104 3359 344500 SH SOLE 344500 0 0
EXCALIBUR TECHNOLOGIES C COM NEW 300651205 1671 202600 SH SOLE 202600 0 0
EXPEDITORS INTL WASH INC COMMON 302130109 4673 145600 SH SOLE 145600 0 0
EXXON CORP COMMON 302290101 2030 26709 SH SOLE 26709 0 0
FEDERAL AGRIC MTG CORP CL C 313148306 4659 233700 SH SOLE 233700 0 0
FIRST DATA CORP COMMON 319963104 5728 130552 SH SOLE 130552 0 0
FOURTH SHIFT CORP COMMON 351128103 619 210700 SH SOLE 210700 0 0
GTS DURATEK INC COMMON 36237J107 2611 437500 SH SOLE 437500 0 0
GARDEN FRESH RESTAURANT COMMON 365235100 165 10800 SH SOLE 10800 0 0
GENERAL ELEC CO COMMON 369604103 380 3204 SH SOLE 3204 0 0
GERALD STEVENS INC COMMON 37369G101 1792 128000 SH SOLE 128000 0 0
GLENBOROUGH RLTY TR INC COMMON 37803P105 5754 348700 SH SOLE 348700 0 0
GO2NET INC COMMON 383486107 570 8800 SH SOLE 8800 0 0
HARBINGER CORP COMMON 41145C103 3185 188750 SH SOLE 188750 0 0
HEWLETT PACKARD CO COMMON 428236103 673 7417 SH SOLE 7417 0 0
HOMESEEKERS COM INC COMMON 437605108 3536 282900 SH SOLE 282900 0 0
ITI TECHNOLOGIES INC COMMON 450564109 1756 58400 SH SOLE 58400 0 0
INHALE THERAPEUTIC SYS I COMMON 457191104 3435 113100 SH SOLE 113100 0 0
INTEGRAL SYS INC MD COMMON 45810H107 3296 114656 SH SOLE 114656 0 0
INTEL CORP COMMON 458140100 446 6000 SH SOLE 6000 0 0
INTL PAPER CO COMMON 460146103 257 5346 SH SOLE 5346 0 0
INTERNATIONAL RECTIFIER COMMON 460254105 1135 74400 SH SOLE 74400 0 0
INTERNATIONAL SPEEDWAY C CL A 460335201 6928 131800 SH SOLE 131800 0 0
INTERNATIONAL SPEEDWAY C CL B 460335300 1976 37725 SH SOLE 37725 0 0
IONICS INC COMMON 462218108 1732 53485 SH SOLE 53485 0 0
JETFORM CORP COMMON 477155105 402 100500 SH SOLE 100500 0 0
JOHNSON & JOHNSON COMMON 478160104 619 6740 SH SOLE 6740 0 0
KAISER VENTURES INC COMMON 483100103 4840 374100 SH SOLE 374100 0 0
KENT ELECTRS CORP COMMON 490553104 914 49400 SH SOLE 49400 0 0
KRONOS INC COMMON 501052104 7622 207762 SH SOLE 207762 0 0
LIBERTY PPTY TR SH BEN INT 531172104 1209 53300 SH SOLE 53300 0 0
LIFELINE SYS INC COMMON 532192101 673 47200 SH SOLE 47200 0 0
LITCHFIELD FINL CORP COMMON 536619109 4169 173248 SH SOLE 173248 0 0
LITTELFUSE INC COMMON 537008104 4957 222800 SH SOLE 222800 0 0
MBNA CORP COMMON 55262L100 8491 372226 SH SOLE 372226 0 0
MDC CORP CL A SUBVTGNEW 55267W309 3690 353500 SH SOLE 353500 0 0
MCI WORLDCOM INC COMMON 55268B106 3256 45301 SH SOLE 45301 0 0
MDSI MOBILE DATA SOLUTIO COMMON 55268N100 549 43300 SH SOLE 43300 0 0
MANHATTAN ASSOCS INC COMMON 562750109 1171 212900 SH SOLE 212900 0 0
MANOR CARE INC NEW COMMON 564055101 567 33001 SH SOLE 33001 0 0
MAPINFO CORP COMMON 565105103 3914 206000 SH SOLE 206000 0 0
MAPQUEST COM INC COMMON 565644101 2666 224500 SH SOLE 224500 0 0
MAXIM INTEGRATED PRODS I COMMON 57772K101 7344 116400 SH SOLE 116400 0 0
MEDALLION FINL CORP COMMON 583928106 9767 482300 SH SOLE 482300 0 0
MENS WEARHOUSE INC COMMON 587118100 323 15000 SH SOLE 15000 0 0
MERCK & CO INC COMMON 589331107 272 4200 SH SOLE 4200 0 0
MERCURY COMPUTER SYS COMMON 589378108 10207 300200 SH SOLE 300200 0 0
MICROSOFT CORP COMMON 594918104 942 10400 SH SOLE 10400 0 0
MILLER INDS INC TENN COMMON 600551105 3829 1361250 SH SOLE 1361250 0 0
MOBIL CORP COMMON 607059102 373 3700 SH SOLE 3700 0 0
MOTOR CARGO INDS COMMON 619907108 865 125800 SH SOLE 125800 0 0
NEWPARK RES INC COM PAR $.01NEW 651718504 531 68540 SH SOLE 68540 0 0
NOVAMETRIX MED SYS INC COMMON 669870107 1348 385000 SH SOLE 385000 0 0
PE CORP (PE BIOSYSTEMS) COM PE BIO GRP 69332S102 6654 92090 SH SOLE 92090 0 0
PE CORP (CELERA GENOMICS CELERA GEN GRP 69332S201 967 24021 SH SOLE 24021 0 0
PMR CORP COMMON 693451106 967 336300 SH SOLE 336300 0 0
PAMECO CORP COMMON 697934107 497 76500 SH SOLE 76500 0 0
PEGASUS SYSTEMS INC COMMON 705906105 975 26000 SH SOLE 26000 0 0
PENTAIR INC COMMON 709631105 937 23342 SH SOLE 23342 0 0
POST PPTYS INC COMMON 737464107 1569 39900 SH SOLE 39900 0 0
PREFERRED EMPLOYERS HLDG COMMON 739908101 777 172600 SH SOLE 172600 0 0
PREF EMPL HLDGS (144A) SDCV 7.000 DUE 5 7399902A6 625 1250000 PRN SOLE 1250000 0 0
PREMIER PKS INC COM NEW 740540208 1006 34700 SH SOLE 34700 0 0
PRICE T ROWE & ASSOCIATE COMMON 741477103 230 8400 SH SOLE 8400 0 0
PRISON RLTY TR COMMON 74264N105 6381 593600 SH SOLE 593600 0 0
PROXYMED INC (144A) COMMON 744991100 554 44090 SH SOLE 44090 0 0
RAINBOW TECHNOLOGIES INC COMMON 750862104 1154 87950 SH SOLE 87950 0 0
SHELDAHL INC SER D CV PFD $5.000 754990208 1433 1500 SH SOLE 1500 0 0
RECOVERY ENGR INC COMMON 756269106 21087 596100 SH SOLE 596100 0 0
RESPIRONICS INC COMMON 761230101 983 119100 SH SOLE 119100 0 0
ROBBINS & MYERS INC COMMON 770196103 535 34500 SH SOLE 34500 0 0
SRI CORP SDCV 8.750 1/0 784642AA8 694 260000 PRN SOLE 260000 0 0
SECURITY FIRST TECHNOLOG COMMON 814279105 1248 32100 SH SOLE 32100 0 0
SELECTIVE INS GROUP INC COMMON 816300107 570 30200 SH SOLE 30200 0 0
SEPRACOR INC COMMON 817315104 2231 29554 SH SOLE 29554 0 0
SEPRACOR INC SDCV 7.000 12/1 817315AF1 3719 4020000 PRN SOLE 4020000 0 0
SEROLOGICALS CORP COMMON 817523103 43 10000 SH SOLE 10000 0 0
SHELDAHL CO COMMON 822440103 227 38596 SH SOLE 38596 0 0
SHOREWOOD PACKAGING CORP COMMON 825229107 423 31179 SH SOLE 31179 0 0
SUN MICROSYSTEMS INC COMMON 866810104 3404 36600 SH SOLE 36600 0 0
SYSTEMS & COMPUTER TECHN SDCV 5.000 10/1 871873AB1 2332 2990000 PRN SOLE 2990000 0 0
TELESCAN INC COMMON 879516102 4586 279000 SH SOLE 279000 0 0
TERADYNE INC COMMON 880770102 846 24000 SH SOLE 24000 0 0
THERAGENICS CORP COMMON 883375107 12208 957500 SH SOLE 957500 0 0
TRANSWITCH CORP COMMON 894065101 7496 131500 SH SOLE 131500 0 0
UNION PAC CORP COMMON 907818108 614 12784 SH SOLE 12784 0 0
UNION PAC RES GROUP INC COMMON 907834105 177 10863 SH SOLE 10863 0 0
UNITED DOMINION REALTY T COMMON 910197102 1042 93122 SH SOLE 93122 0 0
UNITED HEALTHCARE CORP COMMON 910581107 1052 21607 SH SOLE 21607 0 0
VALUEVISION INTL INC CL A 92047K107 4644 178600 SH SOLE 178600 0 0
VITESSE SEMICONDUCTOR CO COMMON 928497106 8367 98000 SH SOLE 98000 0 0
WESTERN WTR CO COMMON 959881103 202 124000 SH SOLE 124000 0 0
WESTPOINT STEVENS INC COMMON 961238102 3962 167700 SH SOLE 167700 0 0
WOMEN FIRST HEALTHCARE COMMON 978150100 141 20000 SH SOLE 20000 0 0
CARLISLE HLDGS LTD ORD P21277101 10903 1054111 SH SOLE 1054111 0 0
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