UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 13F
Form 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: June 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).)
<PAGE>
Form 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
Form 13F Information Table Entry Total: 147
Form 13F Information Table Value Total: $402,276
(thousands)
List of Other Included Managers: NONE
<PAGE>
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<S> <C> <C> <C> <S> <C> <C> <C>
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 688 200200 SH SOLE 200200 0 0
AARON RENTS INC COMMON 002535201 5449 244900 SH SOLE 244900 0 0
ACTEL CORP COMMON 004934105 3308 224300 SH SOLE 224300 0 0
ADOBE SYS INC COMMON 00724F101 592 7200 SH SOLE 7200 0 0
ADVANCED MACH VISION COR CL A 00753B104 1075 860000 SH SOLE 860000 0 0
AETRIUM INC COMMON 00817R103 407 44650 SH SOLE 44650 0 0
BIOTECHNOLOGY INV PTG RED PRF US.0 0097701 6803 1966200 SH SOLE 1966200 0 0
ALLIED CAP CORP NEW COMMON 01903Q108 3725 155200 SH SOLE 155200 0 0
AMBASSADORS INTL INC COMMON 023178106 7240 486700 SH SOLE 486700 0 0
AMERICAN COIN MERCHANDIS COMMON 02516B108 676 104000 SH SOLE 104000 0 0
AMERICAN HOME PRODS CORP COMMON 026609107 230 4000 SH SOLE 4000 0 0
AMERICAN PWR CONVERSION COMMON 029066107 2741 136200 SH SOLE 136200 0 0
AMERICAN SOFTWARE INC CL A 029683109 821 185000 SH SOLE 185000 0 0
AMRESCO INC COMMON 031909104 2359 366400 SH SOLE 366400 0 0
ANESTA CORP COMMON 034603100 2217 108500 SH SOLE 108500 0 0
APPLIED IMAGING CORP COMMON 03820G106 2161 1440333 SH SOLE 1440333 0 0
ARCADIA FINL LTD COMMON 039101100 4897 631900 SH SOLE 631900 0 0
ARMOR HOLDINGS INC COMMON 042260109 1906 182600 SH SOLE 182600 0 0
ARTESYN TECHNOLOGIES INC COMMON 043127109 5882 265083 SH SOLE 265083 0 0
BMC SOFTWARE INC COMMON 055921100 1491 27608 SH SOLE 27608 0 0
BELLSOUTH CORP COMMON 079860102 415 9000 SH SOLE 9000 0 0
BERKSHIRE HATHAWAY INC D CL A 084670108 1860 27 SH SOLE 27 0 0
BERKSHIRE HATHAWAY INC D CL B 084670207 1588 709 SH SOLE 709 0 0
BRISTOL MYERS SQUIBB CO COMMON 110122108 239 3400 SH SOLE 3400 0 0
BROWN & BROWN INC COMMON 115236101 855 22500 SH SOLE 22500 0 0
BUFFETS INC COMMON 119882108 1535 133450 SH SOLE 133450 0 0
CFI PROSERVICES INC COMMON 12525N100 325 28900 SH SOLE 28900 0 0
CMGI INC COMMON 125750109 23063 202200 SH SOLE 202200 0 0
CSG SYS INTL INC COMMON 126349109 2189 83600 SH SOLE 83600 0 0
CARDINAL HEALTH INC COMMON 14149Y108 215 3353 SH SOLE 3353 0 0
CAREY INTERNATIONAL INC COMMON 141750109 6201 251800 SH SOLE 251800 0 0
CASH AMER INTL INC COMMON 14754D100 7023 545500 SH SOLE 545500 0 0
CENTRAL PKG CORP COMMON 154785109 10491 306315 SH SOLE 306315 0 0
CHALONE WINE GROUP LTD COMMON 157639105 103 10600 SH SOLE 10600 0 0
CHEVRON CORPORATION COMMON 166751107 624 6560 SH SOLE 6560 0 0
CHOICE HOTELS INTL INC COMMON 169905106 454 23001 SH SOLE 23001 0 0
CIRCUIT CITY STORE INC CIRCT CITY GRP 172737108 5555 59732 SH SOLE 59732 0 0
COCA COLA CO COMMON 191216100 540 8712 SH SOLE 8712 0 0
CONCEPTUS INC COMMON 206016107 388 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 8058 379200 SH SOLE 379200 0 0
COUSINS PPTYS INC COMMON 222795106 9422 278650 SH SOLE 278650 0 0
CREDIT ACCEP CORP MICH COMMON 225310101 109 18200 SH SOLE 18200 0 0
DAILY JOURNAL CORP COMMON 233912104 823 22400 SH SOLE 22400 0 0
DRUG EMPORIUM INC SDCV 7.750 10/0 262175AA0 684 810000 PRN SOLE 810000 0 0
DU PONT E I DE NEMOURS & COMMON 263534109 1542 22566 SH SOLE 22566 0 0
ELECTRONIC PROCESSING IN COMMON 285798104 3574 344500 SH SOLE 344500 0 0
EXCALIBUR TECHNOLOGIES C COM NEW 300651205 1730 121400 SH SOLE 121400 0 0
EXPEDITORS INTL WASH INC COMMON 302130109 3968 145600 SH SOLE 145600 0 0
EXXON CORP COMMON 302290101 2060 26709 SH SOLE 26709 0 0
FEDERAL AGRIC MTG CORP CL C 313148306 5353 78000 SH SOLE 78000 0 0
FIRST DATA CORP COMMON 319963104 6389 130552 SH SOLE 130552 0 0
FOURTH SHIFT CORP COMMON 351128103 895 242700 SH SOLE 242700 0 0
GTS DURATEK INC COMMON 36237J107 2107 370500 SH SOLE 370500 0 0
GARDEN FRESH RESTAURANT COMMON 365235100 203 10800 SH SOLE 10800 0 0
GENERAL ELEC CO COMMON 369604103 362 3204 SH SOLE 3204 0 0
GERALD STEVENS INC COMMON 37369G101 1140 95000 SH SOLE 95000 0 0
GLENBOROUGH RLTY TR INC COMMON 37803P105 6083 347600 SH SOLE 347600 0 0
GO2NET INC COMMON 383486107 809 8800 SH SOLE 8800 0 0
HCR MANOR CARE INC COMMON 404134108 798 33001 SH SOLE 33001 0 0
HARBINGER CORP COMMON 41145C103 2359 188750 SH SOLE 188750 0 0
HEWLETT PACKARD CO COMMON 428236103 745 7417 SH SOLE 7417 0 0
HOMESEEKERS COM INC COMMON 437605108 893 188000 SH SOLE 188000 0 0
ITI TECHNOLOGIES INC COMMON 450564109 3405 150500 SH SOLE 150500 0 0
IMALL INC COM PAR $0.001 45244X306 2850 149000 SH SOLE 149000 0 0
INHALE THERAPEUTIC SYS COMMON 457191104 2693 113100 SH SOLE 113100 0 0
INTEGRAL SYS INC MD COMMON 45810H107 2517 110656 SH SOLE 110656 0 0
INTEL CORP COMMON 458140100 357 6000 SH SOLE 6000 0 0
INTERNATIONAL PAPER CO COMMON 460146103 269 5346 SH SOLE 5346 0 0
INTERNATIONAL RECTIFIER COMMON 460254105 990 74400 SH SOLE 74400 0 0
INTERNATIONAL SPEEDWAY C CL A 460335201 6261 131800 SH SOLE 131800 0 0
INTERNATIONAL SPEEDWAY C CL B 460335300 1811 37725 SH SOLE 37725 0 0
INTRAV INC COMMON 460930100 618 34800 SH SOLE 34800 0 0
IONICS INC COMMON 462218108 1952 53485 SH SOLE 53485 0 0
JETFORM CORP COMMON 477155105 785 187500 SH SOLE 187500 0 0
JOHNSON & JOHNSON COMMON 478160104 680 6940 SH SOLE 6940 0 0
KAISER VENTURES INC COMMON 483100103 5331 374100 SH SOLE 374100 0 0
KENT ELECTRONICS CORP COMMON 490553104 979 49400 SH SOLE 49400 0 0
KRONOS INC COMMON 501052104 9626 211562 SH SOLE 211562 0 0
LIBERTY PPTY TR SH BEN INT 531172104 1333 53600 SH SOLE 53600 0 0
LIFELINE SYS INC COMMON 532192101 909 47200 SH SOLE 47200 0 0
LITCHFIELD FINL CORP COMMON 536619109 2934 173248 SH SOLE 173248 0 0
LITTELFUSE INC COMMON 537008104 4173 216800 SH SOLE 216800 0 0
MBNA CORP COMMON 55262L100 11409 372526 SH SOLE 372526 0 0
MDC CORP CL A SUBVTGNEW 55267W309 3630 299400 SH SOLE 299400 0 0
MCI WORLDCOM INC COMMON 55268B106 3899 45301 SH SOLE 45301 0 0
MDSI MOBILE DATA SOLUTIO COMMON 55268N100 701 43300 SH SOLE 43300 0 0
MANHATTAN ASSOCS INC COMMON 562750109 2276 275900 SH SOLE 275900 0 0
MAPINFO CORP COMMON 565105103 760 40000 SH SOLE 40000 0 0
MAPQUEST COM INC COMMON 565644101 3377 207000 SH SOLE 207000 0 0
MAXIM INTEGRATED PRODS I COMMON 57772K101 7887 118600 SH SOLE 118600 0 0
MEDALLION FINL CORP COMMON 583928106 9215 483400 SH SOLE 483400 0 0
MERCK & CO INC COMMON 589331107 309 4200 SH SOLE 4200 0 0
MERCURY COMPUTER SYS COMMON 589378108 9652 299300 SH SOLE 299300 0 0
MICROSOFT CORP COMMON 594918104 938 10400 SH SOLE 10400 0 0
MILLER INDS INC TENN COMMON 600551105 4412 1120400 SH SOLE 1120400 0 0
MOBIL CORP COMMON 607059102 365 3700 SH SOLE 3700 0 0
MOTOR CARGO INDS COMMON 619907108 1069 125800 SH SOLE 125800 0 0
NEWPARK RES INC COM PAR $.01NEW 651718504 608 68540 SH SOLE 68540 0 0
NORRELL CORP COMMON 656301108 753 40000 SH SOLE 40000 0 0
NOVAMETRIX MED SYS INC COMMON 669870107 1975 445000 SH SOLE 445000 0 0
PE CORP (PE BIOSYSTEMS) COM PE BIO GRP 69332S102 5513 48045 SH SOLE 48045 0 0
PE CORP (CELERA GENOMICS CELERA GEN GRP 69332S201 389 24022 SH SOLE 24022 0 0
PMR CORP COMMON 693451106 1177 355400 SH SOLE 355400 0 0
PAMECO CORP COMMON 697934107 583 76500 SH SOLE 76500 0 0
PEGASUS SYSTEMS INC COMMON 705906105 973 26000 SH SOLE 26000 0 0
PENTAIR INC COMMON 709631105 1068 23342 SH SOLE 23342 0 0
POST PPTYS INC COMMON 737464107 1648 40200 SH SOLE 40200 0 0
PREFERRED EMPLOYERS HLDG COMMON 739908101 1010 175600 SH SOLE 175600 0 0
PREF EMPL HLDGS (144A) SDCV 7.000 DUE 5 7399902A6 799 1250000 PRN SOLE 1250000 0 0
PREMIER PKS INC COM NEW 740540208 1275 34700 SH SOLE 34700 0 0
PRICE T ROWE & ASSOCIATE COMMON 741477103 322 8400 SH SOLE 8400 0 0
PRISON RLTY TR COMMON 74264N105 4318 440000 SH SOLE 440000 0 0
PROXYMED INC (144A) COMMON 744991100 703 44090 SH SOLE 44090 0 0
QUADRAMED CORP COMMON 74730W101 240 29500 SH SOLE 29500 0 0
RAINBOW TECHNOLOGIES INC COMMON 750862104 1358 114950 SH SOLE 114950 0 0
SHELDAHL INC SER D CV PFD $5.000 754990208 1616 1500 SH SOLE 1500 0 0
REALTY INFORMATION GROUP COMMON 75612B107 2723 62600 SH SOLE 62600 0 0
RECOVERY ENGR INC COMMON 756269106 10127 595700 SH SOLE 595700 0 0
RESPIRONICS INC COMMON 761230101 2288 151300 SH SOLE 151300 0 0
ROBBINS & MYERS INC COMMON 770196103 770 34500 SH SOLE 34500 0 0
SRI CORP SDCV 8.750 1/0 784642AA8 701 260000 PRN SOLE 260000 0 0
SECURITY FIRST TECHNOLOG COMMON 814279105 903 20000 SH SOLE 20000 0 0
SELECTIVE INS GROUP INC COMMON 816300107 576 30200 SH SOLE 30200 0 0
SEPRACOR INC COMMON 817315104 2511 30904 SH SOLE 30904 0 0
SEPRACOR INC SDCV 7.000 12/1 817315AF1 3894 4025000 PRN SOLE 4025000 0 0
SEROLOGICALS CORP COMMON 817523103 81 10000 SH SOLE 10000 0 0
SHELDAHL CO COMMON 822440103 175 26400 SH SOLE 26400 0 0
SHOREWOOD PACKAGING CORP COMMON 825229107 575 31179 SH SOLE 31179 0 0
SUN MICROSYSTEMS INC COMMON 866810104 2824 41000 SH SOLE 41000 0 0
SYSTEMS COMPUTER TECH SDCV 5.000 10/1 871873AB1 2509 3000000 PRN SOLE 3000000 0 0
TELESCAN INC COMMON 879516102 5512 226700 SH SOLE 226700 0 0
TERADYNE INC COMMON 880770102 861 12000 SH SOLE 12000 0 0
THERAGENICS CORP COMMON 883375107 4076 587500 SH SOLE 587500 0 0
TRANSWITCH CORP COMMON 894065101 6602 139350 SH SOLE 139350 0 0
UNION PAC CORP COMMON 907818108 745 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 1094 93122 SH SOLE 93122 0 0
UNITED HEALTHCARE CORP COMMON 910581107 1353 21607 SH SOLE 21607 0 0
VALUEVISION INTL INC CL A 92047K107 1993 100300 SH SOLE 100300 0 0
VISTA INFORMATION SOLUTI COM NEW 928365204 4538 392500 SH SOLE 392500 0 0
VITESSE SEMICONDUCTOR CO COMMON 928497106 7985 118400 SH SOLE 118400 0 0
WESTERN WTR CO COMMON 959881103 548 156500 SH SOLE 156500 0 0
WESTPOINT STEVENS INC COMMON 961238102 5000 167700 SH SOLE 167700 0 0
WOMEN FIRST HEALTHCARE COMMON 978150100 265 20000 SH SOLE 20000 0 0
XEROX CORP COMMON 984121103 248 4200 SH SOLE 4200 0 0
CARLISLE HLDGS LTD ORD P21277101 15310 1055832 SH SOLE 1055832 0 0
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