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, 2000
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: 135
Form 13F Information Table Value Total: $591,104
(thousands)
List of Other Included Managers: NONE
<PAGE>
<TABLE>
<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 1969 254100 SH SOLE 254100 0 0
AARON RENTS INC COMMON 002535201 3882 257700 SH SOLE 257700 0 0
ACTEL CORP COMMON 004934105 10845 303900 SH SOLE 303900 0 0
ADOBE SYS INC COMMON 00724F101 1570 14100 SH SOLE 14100 0 0
ADVANCED MACH VISION COR CL A 00753B104 1680 960000 SH SOLE 960000 0 0
ALLIED CAP CORP NEW COMMON 01903Q108 6000 344100 SH SOLE 344100 0 0
AMBASSADORS INTL INC COMMON 023178106 8089 622200 SH SOLE 622200 0 0
AMERICAN PWR CONVERSION COMMON 029066107 5582 130200 SH SOLE 130200 0 0
ANAREN MICROWAVE INC COMMON 032744104 2406 25100 SH SOLE 25100 0 0
ANESTA CORP COMMON 034603100 2131 161000 SH SOLE 161000 0 0
APPLIED IMAGING CORP COMMON 03820G106 3076 1093733 SH SOLE 1093733 0 0
ARCADIA FINL LTD COMMON 039101100 4453 890500 SH SOLE 890500 0 0
ARMOR HOLDINGS INC COMMON 042260109 1858 168900 SH SOLE 168900 0 0
ARROW ELECTRS INC COMMON 042735100 254 7210 SH SOLE 7210 0 0
ARTESYN TECHNOLOGIES INC COMMON 043127109 5160 272483 SH SOLE 272483 0 0
BMC SOFTWARE INC COMMON 055921100 1264 25608 SH SOLE 25608 0 0
BELLSOUTH CORP COMMON 079860102 422 9000 SH SOLE 9000 0 0
BERKSHIRE HATHAWAY INC D CL A 084670108 1544 27 SH SOLE 27 0 0
BERKSHIRE HATHAWAY INC D CL B 084670207 1290 709 SH SOLE 709 0 0
BIOMATRIX INC COMMON 09060P102 6399 263200 SH SOLE 263200 0 0
BROWN & BROWN INC COMMON 115236101 870 22500 SH SOLE 22500 0 0
BUFFETS INC COMMON 119882108 1160 128450 SH SOLE 128450 0 0
CMGI INC COMMON 125750109 30442 268655 SH SOLE 268655 0 0
CSG SYS INTL INC COMMON 126349109 11310 231700 SH SOLE 231700 0 0
CAREY INTERNATIONAL INC COMMON 141750109 6067 356900 SH SOLE 356900 0 0
CASH AMER INTL INC COMMON 14754D100 5106 410500 SH SOLE 410500 0 0
CENTRAL PKG CORP COMMON 154785109 17404 870215 SH SOLE 870215 0 0
CHALONE WINE GROUP LTD COMMON 157639105 87 10600 SH SOLE 10600 0 0
CHEVRON CORPORATION COMMON 166751107 564 6100 SH SOLE 6100 0 0
CHOICE HOTELS INTL INC COMMON 169905106 332 23001 SH SOLE 23001 0 0
CIRCUIT CITY STORE INC CIRCT CITY GRP 172737108 7211 118464 SH SOLE 118464 0 0
CLARUS CORP COMMON 182707109 20651 292400 SH SOLE 292400 0 0
COCA COLA CO COMMON 191216100 405 8632 SH SOLE 8632 0 0
CONCEPTUS INC COMMON 206016107 490 70000 SH SOLE 70000 0 0
COPART INC COMMON 217204106 14816 846600 SH SOLE 846600 0 0
COSTAR GROUP INC COMMON 22160N109 3842 104200 SH SOLE 104200 0 0
COUSINS PPTYS INC COMMON 222795106 10357 281350 SH SOLE 281350 0 0
CREDIT ACCEP CORP MICH COMMON 225310101 72 13200 SH SOLE 13200 0 0
DAILY JOURNAL CORP COMMON 233912104 700 22400 SH SOLE 22400 0 0
DRUG EMPORIUM INC SDCV 7.750 10/0 262175AA0 394 810000 PRN SOLE 810000 0 0
DU PONT E I DE NEMOURS & COMMON 263534109 1160 21904 SH SOLE 21904 0 0
EON COMMUNICATIONS CORP COMMON 268763109 1102 75000 SH SOLE 75000 0 0
ELECTRONIC PROCESSING IN COMMON 285798104 4857 441500 SH SOLE 441500 0 0
ENREV CORP. RESTRICTED COMMON 293993101 900 50000 SH SOLE 50000 0 0
EXCALIBUR TECHNOLOGIES C COM NEW 300651205 17007 429200 SH SOLE 429200 0 0
EXPEDITORS INTL WASH INC COMMON 302130109 5641 141900 SH SOLE 141900 0 0
EXXON MOBIL CORP COMMON 30231G102 2445 31365 SH SOLE 31365 0 0
FEDERAL AGRIC MTG CORP CL C 313148306 4484 289300 SH SOLE 289300 0 0
FIRST DATA CORP COMMON 319963104 5518 124352 SH SOLE 124352 0 0
GTS DURATEK INC COMMON 36237J107 5271 508000 SH SOLE 508000 0 0
GARDEN FRESH RESTAURANT COMMON 365235100 119 10800 SH SOLE 10800 0 0
GENERAL ELEC CO COMMON 369604103 343 2204 SH SOLE 2204 0 0
GERALD STEVENS RESTRICT COMMON 37369G101 11058 1382200 SH SOLE 1382200 0 0
GLENBOROUGH RLTY TR INC COMMON 37803P105 7681 529700 SH SOLE 529700 0 0
GLOBESPAN INC COMMON 379571102 204 2000 SH SOLE 2000 0 0
GO2NET INC COMMON 383486107 717 8900 SH SOLE 8900 0 0
HARBINGER CORP COMMON 41145C103 2311 79350 SH SOLE 79350 0 0
HELLO DIRECT INC COMMON 423402106 741 56200 SH SOLE 56200 0 0
HEWLETT PACKARD CO COMMON 428236103 986 7417 SH SOLE 7417 0 0
HOMESEEKERS COM INC COMMON 437605108 4883 317600 SH SOLE 317600 0 0
INFOUSA INC NEW COMMON 456818301 1278 140000 SH SOLE 140000 0 0
INHALE THER. SYS 144A 144A COMMON 457191104 11875 159402 SH SOLE 159402 0 0
INHALE THERAPEUTIC SYS I SDCV 5.00 02/08 457191AD6 2078 2000000 PRN SOLE 2000000 0 0
INTEGRAL SYS INC MD COMMON 45810H107 6462 143600 SH SOLE 143600 0 0
INTEL CORP COMMON 458140100 792 6000 SH SOLE 6000 0 0
INTL PAPER CO COMMON 460146103 229 5346 SH SOLE 5346 0 0
INTERNATIONAL RECTIFIER COMMON 460254105 2040 53500 SH SOLE 53500 0 0
INTERNATIONAL SPEEDWAY C CL A 460335201 5959 132600 SH SOLE 132600 0 0
INTERNATIONAL SPEEDWAY C CL B 460335300 1698 37725 SH SOLE 37725 0 0
INTERNET COMM CORP CL A 46059F109 709 15000 SH SOLE 15000 0 0
IONICS INC COMMON 462218108 1367 53485 SH SOLE 53485 0 0
JOHNSON & JOHNSON COMMON 478160104 393 5600 SH SOLE 5600 0 0
KAISER VENTURES INC COMMON 483100103 6065 431300 SH SOLE 431300 0 0
KENT ELECTRS CORP COMMON 490553104 1217 41700 SH SOLE 41700 0 0
KRONOS INC COMMON 501052104 7159 241662 SH SOLE 241662 0 0
LIBERTY PPTY TR SH BEN INT 531172104 1302 54400 SH SOLE 54400 0 0
LIFELINE SYS INC COMMON 532192101 274 30000 SH SOLE 30000 0 0
LITTELFUSE INC COMMON 537008104 13622 371300 SH SOLE 371300 0 0
MBNA CORP COMMON 55262L100 9129 358017 SH SOLE 358017 0 0
MCI WORLDCOM INC COMMON 55268B106 3079 67951 SH SOLE 67951 0 0
MDSI MOBILE DATA SOLUTIO COMMON 55268N100 474 10000 SH SOLE 10000 0 0
MANOR CARE INC NEW COMMON 564055101 263 19500 SH SOLE 19500 0 0
MAPINFO CORP COMMON 565105103 32799 841000 SH SOLE 841000 0 0
MAXIM INTEGRATED PRODS I COMMON 57772K101 13886 195400 SH SOLE 195400 0 0
MEDALLION FINL CORP COMMON 583928106 9919 590000 SH SOLE 590000 0 0
MEDQUIST INC COM 584949101 8678 319200 SH SOLE 319200 0 0
MERCK & CO INC COMMON 589331107 249 4000 SH SOLE 4000 0 0
MERCURY COMPUTER SYS COMMON 589378108 22016 450450 SH SOLE 450450 0 0
MICROSOFT CORP COMMON 594918104 1105 10400 SH SOLE 10400 0 0
MILLER INDS INC TENN COMMON 600551105 5954 1561750 SH SOLE 1561750 0 0
MOTOR CARGO INDS COMMON 619907108 582 125800 SH SOLE 125800 0 0
NATIONAL DATA CORP NOTE 5.000 11/0 635621AA3 1624 1975000 PRN SOLE 1975000 0 0
NOVAMETRIX MED SYS INC COMMON 669870107 2183 332700 SH SOLE 332700 0 0
PE CORP (PE BIOSYSTEMS) COM PE BIO GRP 69332S102 10131 104986 SH SOLE 104986 0 0
PE CORP (CELERA GENOMICS CELERA GEN GRP 69332S201 4039 43842 SH SOLE 43842 0 0
PMR CORP COMMON 693451106 543 110000 SH SOLE 110000 0 0
PAMECO CORP COMMON 697934107 268 75300 SH SOLE 75300 0 0
PEGASUS SYSTEMS INC COMMON 705906105 617 39000 SH SOLE 39000 0 0
PENTAIR INC COMMON 709631105 754 20342 SH SOLE 20342 0 0
PHOENIX TECHNOLOGY LTD COMMON 719153108 5613 265700 SH SOLE 265700 0 0
PLANTRONICS INC NEW COMMON 727493108 8666 93000 SH SOLE 93000 0 0
POST PPTYS INC COMMON 737464107 1524 37800 SH SOLE 37800 0 0
PREF EMPL HLDGS (144A) SDCV 7.000 DUE 5 7399902A6 590 1250000 PRN SOLE 1250000 0 0
PRICE T ROWE & ASSOCIATE COMMON 741477103 332 8400 SH SOLE 8400 0 0
PRINCETON VIDEO IMAGE IN COMMON 742476104 1159 165500 SH SOLE 165500 0 0
PRISON RLTY TR COMMON 74264N105 354 115700 SH SOLE 115700 0 0
PROGRESS SOFTWARE CORP COMMON 743312100 5142 219400 SH SOLE 219400 0 0
PROXYMED INC (144A) COMMON 744991100 375 44090 SH SOLE 44090 0 0
SHELDAHL INC SER D CV PFD $5.000 754990208 1430 1500 SH SOLE 1500 0 0
RESPIRONICS INC COMMON 761230101 1231 85600 SH SOLE 85600 0 0
ROBBINS & MYERS INC COMMON 770196103 815 34500 SH SOLE 34500 0 0
ROWECOM INC COMMON 77957X108 2837 166900 SH SOLE 166900 0 0
S1 CORPORATION COMMON 78463B101 2322 27100 SH SOLE 27100 0 0
SRI CORP SDCV 8.750 1/0 784642AA8 624 260000 PRN SOLE 260000 0 0
SELECTIVE INS GROUP INC COMMON 816300107 328 19200 SH SOLE 19200 0 0
SEPRACOR INC COMMON 817315104 2980 40928 SH SOLE 40928 0 0
SEPRACOR INC SDCV 7.000 12/1 817315AF1 5261 4020000 PRN SOLE 4020000 0 0
SEPRACOR INC (REG'D) SDCV 7.000 12/1 817315AH7 4005 3060000 PRN SOLE 3060000 0 0
SHELDAHL CO RESTRICTED SALE W/ PROSPECT 822440103 72 12196 SH SOLE 12196 0 0
SUN MICROSYSTEMS INC COMMON 866810104 3205 34200 SH SOLE 34200 0 0
SYSTEMS & COMPUTER TECHN COMMON 871873105 1522 65100 SH SOLE 65100 0 0
SYSTEMS & COMPUTER TECHN SDCV 5.000 10/1 871873AB1 4418 4440000 PRN SOLE 4440000 0 0
TELESCAN INC COMMON 879516102 9651 408500 SH SOLE 408500 0 0
TERADYNE INC COMMON 880770102 1804 22000 SH SOLE 22000 0 0
THERAGENICS CORP COMMON 883375107 12494 934125 SH SOLE 934125 0 0
TRANSWITCH CORP COMMON 894065101 7921 82400 SH SOLE 82400 0 0
UNION PAC CORP COMMON 907818108 499 12758 SH SOLE 12758 0 0
UNION PAC RES GROUP INC COMMON 907834105 157 10827 SH SOLE 10827 0 0
UNITED DOMINION REALTY T COMMON 910197102 636 63192 SH SOLE 63192 0 0
UNITED HEALTHCARE CORP COMMON 910581107 869 17000 SH SOLE 17000 0 0
VALUEVISION INTL INC CL A 92047K107 7253 175300 SH SOLE 175300 0 0
VITESSE SEMICONDUCTOR CO COMMON 928497106 11146 115800 SH SOLE 115800 0 0
WESTPOINT STEVENS INC COMMON 961238102 2918 153600 SH SOLE 153600 0 0
WOMEN FIRST HEALTHCARE COMMON 978150100 95 20000 SH SOLE 20000 0 0
CARLISLE HLDGS LTD ORD P21277101 8463 1083220 SH SOLE 1083220 0 0
</TABLE>
