13F-HR 1 dec2004-13f.txt Main Page (1) TYPE 13F-HR DOCUMENT-COUNT 1 PERIOD 12/31/04 FILER CIK 0000897070 CCC $3ffyizp SUBMISSION-CONTACT NAME VICTORIA HORAN PHONE 302-655-1750 Attached Documents Page (2) FORM 13F FORM 13F COVER PAGE Report for the Calendar Year or Quarter Ended: December 31, 2004 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 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: Louise Victoria Horan Title: Vice President, Operations Phone: 302-655-1750 Signature, Place, and Date of Signing: ____________________________ _____________________________ __________ [Signature] [City, State] [Date] Report Type (Check only one.): [X] 13F HOLDINGS REPORT. [ ] 13F NOTICE. [ ] 13F COMBINATION REPORT. List of Other Managers Reporting for this Manager: Form 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 2 Form 13F Information Table Entry Total: _____ Form 13F Information Table Value Total: $______ (thousands) List of Other Included Managers: Brandywine Managers, LLC SEC file #028-06335 ABANCO Investments Ltd. SEC file #028-06287 NAME OF ISSUER TITLE OF CLASS CUSIP VALUE(K) SH/P AMT S/P P/C INV DSC MANAGERS SOLE SHARED NONE 1ST AMER FINL COM 318522307 2290 65162 SH SOLE 65162 0 0 AARON RENTS INC COM 002535201 9896 395847 SH SOLE 395847 0 0 ACTEL CORP COM 004934105 6337 361315 SH SOLE 361315 0 0 ACTIVCARD CORP COM 00506J107 4499 505500 SH SOLE 505500 0 0 ADOBE SYSTEMS COM 00724F101 1260 20085 SH SOLE 20085 0 0 ALLIED CAP CORP COM 01903Q108 6968 269658 SH SOLE 269658 0 0 AMBASSADORS GROUP INC COM 023177108 37049 1040413 SH SOLE 1040413 0 0 AMBASSADORS INT COM 023178106 19118 1215378 SH SOLE 1215378 0 0 AMER POWER CONV COM 029066107 1168 54600 SH SOLE 54600 0 0 AMERICAN VANGUARD CORPORA COM 030371108 5390 146550 SH SOLE 146550 0 0 ANADARKO PETRO COM 032511107 229 3527 SH SOLE 3527 0 0 ARMOR HOLDINGS INC COM 042260109 35688 759003 SH SOLE 759003 0 0 BALCHEM CORP COM 057665200 18941 546003 SH SOLE 546003 0 0 BELLSOUTH CORP COM 079860102 200 7200 SH SOLE 7200 0 0 BERKSHIRE HATHAWAY A COM 084670108 2373 27 SH SOLE 27 0 0 BERKSHIRE HATHAWAY B COM 084670207 2026 690 SH SOLE 690 0 0 BLACKBOARD, INC COM 091935502 552 37300 SH SOLE 37300 0 0 BOTTOMLINE TECHNOLOGIES COM 101388106 7899 546270 SH SOLE 546270 0 0 BRIGHTPOINT, INC. 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