Instuitional Investor - Ashford Capital Management Inc

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Globalstar Inc.	GSAT	907,531	$60,278,209	7.45%
2.	Ligand Pharmaceuticals Inc	LGND	207,565	$41,440,352	5.12%
3.	Stonex Group Inc.	SNEX	699,945	$37,633,710	4.65%
4.	Supernus Pharmaceuticals Inc.	SUPN	645,381	$33,359,744	4.12%
5.	Vanguard Total Stock Market Etf		95,654	$30,686,760	3.79%