Investment adviser · CRD 110696

ASHFORD CAPITAL MANAGEMENT INC

Investment adviser filing (IA)

WILMINGTON, DE, United States · Form ADV filed Jul 28, 2026

Regulatory AUM: $966M
Client accounts: 95
Employees: 14
Advisory professionals: 8

Who they report serving

Form ADV · Item 5.D

Client types and their share of reported regulatory assets.

Client type	Clients	Regulatory assets	Share of AUM
Charities	28	$359,099,113	37.2%
High-net-worth individuals	51	$276,158,176	28.6%
Pooled investment vehicles	6	$265,318,882	27.5%
Retirement plans	Fewer than 5	$58,575,013	6.1%
Individuals	7	$5,529,287	0.6%
Corporations & businesses	Fewer than 5	$1,152,590	0.1%

Filing source

Form ADV 2122015 · Jul 28, 2026 · Item 5.D

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

Private funds & service providers

4 Private funds

The count excludes feeder funds. Funds in the latest filing appear first, ordered by reported gross assets. Earlier funds retain their last reported values.

ASHFORD CAPITAL PARTNERS, L.P.Hedge Fund · Last reported Jul 28, 2026$164MGross asset value

Form D fundraising filings

ASHFORD CAPITAL PARTNERS L P

Fund administrator ARTEX FUND SERVICES CHARLOTTE, North Carolina, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor GRANT THORNTON LLP PHILADELPHIA, Pennsylvania, United States

Custodian WILMINGTON TRUST, N.A. WILMINGTON, Delaware, United States Related to adviser: No

Provider details

Annual audit: Yes
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: No

GRANT THORNTON LLP
PCAOB 248

Fund details & source

Fund ID: 805-7049216270
Reported beneficial owners: 63
Minimum commitment: $1M
Form D file number: 021-545993

Form ADV 2122015 · Jul 28, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

OSPREY INVESTMENT PARTNERS, L.P.Hedge Fund · Last reported Jul 28, 2026$31.6MGross asset value

Form D fundraising filings

Osprey Investment Partners, L.P

Fund administrator ARTEX FUND SERVICES CHARLOTTE, North Carolina, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor GRANT THORNTON LLP PHILADELPHIA, Pennsylvania, United States

Custodian BNY MELLON NEW YORK, New York, United States Related to adviser: No

Provider details

Annual audit: Yes
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: No

GRANT THORNTON LLP
PCAOB 248

Fund details & source

Fund ID: 805-4298038770
Reported beneficial owners: 30
Minimum commitment: $1M
Form D file number: 021-546076

Form ADV 2122015 · Jul 28, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

ASHFORD INSTITUTIONAL GROWTH FUND, LLCHedge Fund · Last reported Jul 28, 2026$23.2MGross asset value

Form D fundraising filings

Ashford Institutional Growth Fund, L.L.C.

Fund administrator ARTEX FUND SERVICES CHARLOTTE, North Carolina, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor GRANT THORNTON LLP PHILADELPHIA, Pennsylvania, United States

Custodian WILMINGTON TRUST N.A. WILMINGTON, Delaware, United States Related to adviser: No

Provider details

Annual audit: Yes
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: No

GRANT THORNTON LLP
PCAOB 248

Fund details & source

Fund ID: 805-6439057814
Reported beneficial owners: 8
Minimum commitment: $1M
Form D file number: 021-546086

Form ADV 2122015 · Jul 28, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

ANVIL INVESTMENT ASSOCIATES, LPHedge Fund · Last reported Jul 28, 2026$448KGross asset value

Form D fundraising filings

ANVIL INVESTMENT ASSOCIATES L P

Auditor GRANT THORNTON LLP PHILADELPHIA, Pennsylvania, United States

Custodian WILMINGTON TRUST , N.A. WILMINGTON, Delaware, United States Related to adviser: No

Provider details

Annual audit: Yes
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: No
External marketing: No

GRANT THORNTON LLP
PCAOB 248

Fund details & source

Fund ID: 805-4838578718
Reported beneficial owners: 7
Minimum commitment: $1M
Form D file number: 021-43746

Form ADV 2122015 · Jul 28, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

Services & filing details

Most recent filing: Jul 28, 2026. View historical filings

Reported services

Individual portfolio management · Pooled investment vehicle management · Business portfolio management · Publication of newsletters

Compensation

Percentage of assets · Performance-based

Principal office

ONE WALKERS MILL ROAD
WILMINGTON, DE, 19807-2317, United States

CRD 110696

Filing source

Form ADV 2122015 · Jul 28, 2026 · Items 1 & 5

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.