UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 13F
Form 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: March 31, 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: 145
Form 13F Information Table Value Total: $347,251
(thousands)
List of Other Included Managers: NONE
<PAGE>
<TABLE>
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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 525 195300 SH SOLE 195300 0 0
AARON RENTS INC COMMON 002535201 3827 244900 SH SOLE 244900 0 0
ACTEL CORP COMMON 004934105 3577 217600 SH SOLE 217600 0 0
ADOBE SYS INC COMMON 00724F101 409 7200 SH SOLE 7200 0 0
ADVANCED MACH VISION COR CL A 00753B104 794 820000 SH SOLE 820000 0 0
AETRIUM INC COMMON 00817R103 352 54150 SH SOLE 54150 0 0
BIOTECHNOLOGY INV PTG RED PRF US.0 0097701 7231 1956200 SH SOLE 1956200 0 0
AMBASSADORS INTL INC COMMON 023178106 7613 470300 SH SOLE 470300 0 0
AMERICAN COIN MERCHANDIS COMMON 02516B108 799 199800 SH SOLE 199800 0 0
AMERICAN HOME PRODS CORP COMMON 026609107 261 4000 SH SOLE 4000 0 0
AMERICAN PWR CONVERSION COMMON 029066107 1839 68100 SH SOLE 68100 0 0
AMERICAN SOFTWARE INC CL A 029683109 606 194000 SH SOLE 194000 0 0
AMRESCO INC COMMON 031909104 2630 342100 SH SOLE 342100 0 0
ANESTA CORP COMMON 034603100 1841 81600 SH SOLE 81600 0 0
APPLIED IMAGING CORP COMMON 03820G106 1350 1440333 SH SOLE 1440333 0 0
ARCADIA FINANCIAL LTD COMMON 039101100 3081 648600 SH SOLE 648600 0 0
ARMOR HOLDINGS INC COMMON 042260109 2499 182600 SH SOLE 182600 0 0
ARTESYN TECHNOLOGIES INC COMMON 043127109 3280 265083 SH SOLE 265083 0 0
BMC SOFTWARE INC COMMON 055921100 1023 27608 SH SOLE 27608 0 0
BELLSOUTH CORP COMMON 079860102 361 9000 SH SOLE 9000 0 0
BERKSHIRE HATHAWAY INC D CL A 084670108 2142 30 SH SOLE 30 0 0
BERKSHIRE HATHAWAY INC D CL B 084670207 1667 709 SH SOLE 709 0 0
BRISTOL MYERS SQUIBB CO COMMON 110122108 314 4900 SH SOLE 4900 0 0
BUFFETS INC COMMON 119882108 1318 133450 SH SOLE 133450 0 0
CFI PROSERVICES INC COMMON 12525N100 377 31100 SH SOLE 31100 0 0
CMGI INC COMMON 125750109 25391 138700 SH SOLE 138700 0 0
CSG SYS INTL INC COMMON 126349109 3258 82600 SH SOLE 82600 0 0
CARDINAL HEALTH INC COMMON 14149Y108 221 3353 SH SOLE 3353 0 0
CAREY INTERNATIONAL INC COMMON 141750109 3817 234900 SH SOLE 234900 0 0
CASH AMER INTL INC COMMON 14754D100 2732 212200 SH SOLE 212200 0 0
CENTRAL FINANCIAL ACCEPT COMMON 153470109 104 41500 SH SOLE 41500 0 0
CENTRAL PKG CORP COMMON 154785109 10475 303615 SH SOLE 303615 0 0
CHALONE WINE GROUP LTD COMMON 157639105 83 10600 SH SOLE 10600 0 0
CHEVRON CORPORATION COMMON 166751107 591 6660 SH SOLE 6660 0 0
CHOICE HOTELS INTL INC COMMON 169905106 345 24501 SH SOLE 24501 0 0
CIRCUIT CITY STORE/GRP CIRCT CITY GRP 172737108 4577 59732 SH SOLE 59732 0 0
COCA COLA CO COMMON 191216100 535 8712 SH SOLE 8712 0 0
CONCEPTUS INC COMMON 206016107 276 285000 SH SOLE 285000 0 0
COOKER RESTAURANT CORP SDCV 6.750 10/0 216284AA7 171 206000 PRN SOLE 206000 0 0
COPART INC COMMON 217204106 8217 396000 SH SOLE 396000 0 0
COUSINS PPTYS INC COMMON 222795106 7870 271950 SH SOLE 271950 0 0
CREDIT ACCEP CORP MICH COMMON 225310101 115 20200 SH SOLE 20200 0 0
CYBEX INTL INC COMMON 23252E106 231 63800 SH SOLE 63800 0 0
DAILY JOURNAL CORP COMMON 233912104 868 22400 SH SOLE 22400 0 0
DISCOUNT AUTO PTS INC COMMON 254642101 221 10300 SH SOLE 10300 0 0
DRIL-QUIP INC COMMON 262037104 847 38400 SH SOLE 38400 0 0
DRUG EMPORIUM INC SDCV 7.750 10/0 262175AA0 601 810000 PRN SOLE 810000 0 0
DU PONT E I DE NEMOURS & COMMON 263534109 1213 20893 SH SOLE 20893 0 0
ELECTRONIC PROCESSING IN COMMON 285798104 2603 330500 SH SOLE 330500 0 0
EXPEDITORS INTL WASH INC COMMON 302130109 3985 73800 SH SOLE 73800 0 0
EXXON CORP COMMON 302290101 1834 25989 SH SOLE 25989 0 0
FEDERAL AGRIC MTG CORP CL C 313148306 3947 75000 SH SOLE 75000 0 0
FINOVA GROUP INC COMMON 317928109 8073 155633 SH SOLE 155633 0 0
FIRST DATA CORP COMMON 319963104 5583 130598 SH SOLE 130598 0 0
FOURTH SHIFT CORP COMMON 351128103 1310 243700 SH SOLE 243700 0 0
GTS DURATEK INC COMMON 36237J107 1719 335500 SH SOLE 335500 0 0
GARDEN FRESH RESTAURANT COMMON 365235100 154 10800 SH SOLE 10800 0 0
GENERAL ELEC CO COMMON 369604103 266 2404 SH SOLE 2404 0 0
GIBSON GREETINGS INC COMMON 374827103 3520 481300 SH SOLE 481300 0 0
GLENBOROUGH RLTY TR INC COMMON 37803P105 3861 227100 SH SOLE 227100 0 0
GO2NET INC COMMON 383486107 570 4300 SH SOLE 4300 0 0
HCR MANOR CARE INC COMMON 404134108 753 33001 SH SOLE 33001 0 0
HARBINGER CORP COMMON 41145C103 1274 188750 SH SOLE 188750 0 0
HEWLETT PACKARD CO COMMON 428236103 503 7417 SH SOLE 7417 0 0
HOMESEEKERS.COM 144A COMMON 437605108 1108 188000 SH SOLE 188000 0 0
ITI TECHNOLOGIES INC COMMON 450564109 2916 97200 SH SOLE 97200 0 0
IMALL INC COM PAR $0.001 45244X306 2403 149000 SH SOLE 149000 0 0
INHALE THERAPEUTIC SYS COMMON 457191104 3068 113100 SH SOLE 113100 0 0
INTEGRAL SYS INC MD COMMON 45810H107 830 46100 SH SOLE 46100 0 0
INTEL CORP COMMON 458140100 357 3000 SH SOLE 3000 0 0
INTERNATIONAL RECTIFIER COMMON 460254105 521 74400 SH SOLE 74400 0 0
INTERNATIONAL SPEEDWAY C CL A 460335201 6900 130800 SH SOLE 130800 0 0
INTERNATIONAL SPEEDWAY C CL B 460335300 1990 37725 SH SOLE 37725 0 0
INTRAV INC COMMON 460930100 587 34800 SH SOLE 34800 0 0
IONICS INC COMMON 462218108 1611 53485 SH SOLE 53485 0 0
JETFORM CORP COMMON 477155105 588 184500 SH SOLE 184500 0 0
JOHNSON & JOHNSON COMMON 478160104 668 7140 SH SOLE 7140 0 0
K&G MENS CTR INC COMMON 482245107 99 10000 SH SOLE 10000 0 0
KAISER VENTURES INC COMMON 483100103 3863 370100 SH SOLE 370100 0 0
KENT ELECTRONICS CORP COMMON 490553104 516 51900 SH SOLE 51900 0 0
KRONOS INC COMMON 501052104 5175 211237 SH SOLE 211237 0 0
LIBERTY PPTY TR SH BEN INT 531172104 1112 53600 SH SOLE 53600 0 0
LIFELINE SYS INC COMMON 532192101 1124 47200 SH SOLE 47200 0 0
LITCHFIELD FINL CORP COMMON 536619109 2903 170748 SH SOLE 170748 0 0
LITTELFUSE INC COMMON 537008104 3947 214800 SH SOLE 214800 0 0
MBNA CORP COMMON 55262L100 8954 375044 SH SOLE 375044 0 0
MCI WORLDCOM INC COMMON 55268B106 4044 45661 SH SOLE 45661 0 0
MANHATTAN ASSOCS INC COMMON 562750109 2960 278600 SH SOLE 278600 0 0
MAXIM INTEGRATED PRODS I COMMON 57772K101 8362 154500 SH SOLE 154500 0 0
MEDALLION FINL CORP COMMON 583928106 7191 477400 SH SOLE 477400 0 0
MERCK & CO INC COMMON 589331107 337 4200 SH SOLE 4200 0 0
MERCURY COMPUTER SYS COMMON 589378108 3438 191000 SH SOLE 191000 0 0
MICROSOFT CORP COMMON 594918104 932 10400 SH SOLE 10400 0 0
MILLER INDUSTRIES INC COMMON 600551105 4539 955600 SH SOLE 955600 0 0
MOBIL CORP COMMON 607059102 246 2800 SH SOLE 2800 0 0
MOTOR CARGO INDS COMMON 619907108 789 131500 SH SOLE 131500 0 0
NETWORK ASSOCIATES INC COMMON 640938106 1884 61384 SH SOLE 61384 0 0
NEWPARK RES INC COM PAR $.01NEW 651718504 497 68540 SH SOLE 68540 0 0
NORRELL CORP COMMON 656301108 523 40000 SH SOLE 40000 0 0
NOVAMETRIX MED SYS INC COMMON 669870107 1646 462000 SH SOLE 462000 0 0
PMR CORP COMMON 693451106 1672 361500 SH SOLE 361500 0 0
PAMECO CORP COMMON 697934107 440 76500 SH SOLE 76500 0 0
PEGASUS SYSTEMS INC COMMON 705906105 1499 37600 SH SOLE 37600 0 0
PENSKE MOTORSPORTS INC COMMON 709598106 2023 57400 SH SOLE 57400 0 0
PENTAIR INC COMMON 709631105 788 23342 SH SOLE 23342 0 0
PERKIN ELMER CORP COMMON 714041100 5436 56007 SH SOLE 56007 0 0
POE & BROWN INC COMMON 730444106 747 22500 SH SOLE 22500 0 0
POST PPTYS INC COMMON 737464107 1457 40200 SH SOLE 40200 0 0
PREFERRED EMPLOYERS HLDG COMMON 739908101 1624 175600 SH SOLE 175600 0 0
PREF EMPL HLDGS (144A) SDCV 7.000 DUE 5 7399902A6 1319 1250000 PRN SOLE 1250000 0 0
PREMIER PKS INC COM NEW 740540208 1691 45400 SH SOLE 45400 0 0
PRICE T ROWE & ASSOCIATE COMMON 741477103 289 8400 SH SOLE 8400 0 0
PRISON RLTY TR COMMON 74264N105 4419 253400 SH SOLE 253400 0 0
PROXYMED INC (144A) COMMON 744991100 620 44090 SH SOLE 44090 0 0
QUADRAMED CORP COMMON 74730W101 107 14000 SH SOLE 14000 0 0
RAINBOW TECHNOLOGIES INC COMMON 750862104 1205 120450 SH SOLE 120450 0 0
SHELDAHL INC SER D CV PFD $5.000 754990208 1479 1500 SH SOLE 1500 0 0
REALTY INFORMATION GROUP COMMON 75612B107 2779 95000 SH SOLE 95000 0 0
RECOVERY ENGR INC COMMON 756269106 5216 556400 SH SOLE 556400 0 0
RESPIRONICS INC COMMON 761230101 1981 150200 SH SOLE 150200 0 0
ROBBINS & MYERS INC COMMON 770196103 599 34500 SH SOLE 34500 0 0
SRI CORP SDCV 8.750 1/0 784642AA8 660 260000 PRN SOLE 260000 0 0
SECURITY FIRST TECHNOLOG COMMON 814279105 735 10000 SH SOLE 10000 0 0
SELECTIVE INS GROUP INC COMMON 816300107 532 30200 SH SOLE 30200 0 0
SEPRACOR INC COMMON 817315104 10276 91544 SH SOLE 91544 0 0
SHELDAHL CO COMMON 822440103 671 110700 SH SOLE 110700 0 0
SHOREWOOD PACKAGING CORP COMMON 825229107 677 34500 SH SOLE 34500 0 0
SUN MICROSYSTEMS INC COMMON 866810104 2564 20500 SH SOLE 20500 0 0
SYSTEMS COMPUTER TECH SDCV 5.000 10/1 871873AB1 2190 3000000 PRN SOLE 3000000 0 0
TELESCAN INC COMMON 879516102 2021 118000 SH SOLE 118000 0 0
TERADYNE INC COMMON 880770102 655 12000 SH SOLE 12000 0 0
THERAGENICS CORP COMMON 883375107 3882 554500 SH SOLE 554500 0 0
TRANSWITCH CORP COMMON 894065101 4204 92900 SH SOLE 92900 0 0
UNIFAB INTERNATIONAL INC COMMON 90467L100 1363 167700 SH SOLE 167700 0 0
UNION CAMP CORP COMMON 905530101 242 3600 SH SOLE 3600 0 0
UNION PAC CORP COMMON 907818108 683 12784 SH SOLE 12784 0 0
UNION PAC RES GROUP INC COMMON 907834105 129 10863 SH SOLE 10863 0 0
UNITED DOMINION REALTY T COMMON 910197102 955 93122 SH SOLE 93122 0 0
UNITED HEALTHCARE CORP COMMON 910581107 1137 21607 SH SOLE 21607 0 0
VISTA INFORMATION SOLUTI COM NEW 928365204 3890 389000 SH SOLE 389000 0 0
VITESSE SEMICONDUCTOR CO COMMON 928497106 5994 118400 SH SOLE 118400 0 0
WESTERN WTR CO COMMON 959881103 748 149500 SH SOLE 149500 0 0
WESTPOINT STEVENS INC COMMON 961238102 4577 165300 SH SOLE 165300 0 0
XEROX CORP COMMON 984121103 219 4200 SH SOLE 4200 0 0
BHI CORP ORD P1668J102 9799 349947 SH SOLE 349947 0 0
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