SEC 13F Intelligence

Managers / Q1 2026

Passive Capital Management, LLC.

CIK 0001958250 · 2650 QUARRY LAKE DRIVE, SUITE 100, BALTIMORE, MD, 21209 · 443-275-2703

Reported Value
$335M
Q1 2026
Positions
104
Filings on Record
18
2019–present window
Filed
May 14, 2026
original filing

Summary

Passive Capital Management, LLC. reported $335M in U.S.-listed holdings across 104 positions for Q1 2026.

Its largest position, DFAC, represents 16.5% of the portfolio.

Compared with Q4 2025, the fund opened 15 new positions and exited 5.

Portfolio Metrics

Turnover
+1.8%
vs prior filed quarter
Top-10 Concentration
+69.8%
share of reported value
Largest Position
+16.5%
Dimensional US Core Equity 2 Etf
New / Exited
15 / 5
positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q2 ’23: $229MQ2 ’23Q3 ’24: $286MQ3 ’24Q4 ’24: $284MQ4 ’24Q1 ’25: $316MQ1 ’25Q2 ’25: $321MQ2 ’25Q3 ’25: $307MQ3 ’25Q4 ’25: $320MQ4 ’25Q1 ’26: $335MQ1 ’26filingsflow.com

Portfolio Composition

By security type
ETP: 94.6%Common Stock: 4.0%REIT: 1.5%
  • ETP · 94.6% · $317M
  • Common Stock · 4.0% · $13M
  • REIT · 1.5% · $5M

Quarter-over-Quarter Changes full breakdown →

vs Q4 2025 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
AUBAtlantic Union Bankshares CorporationNEW+29.1K29.1K+$1M$1M
CBNKCapital Bancorp, IncNEW+18.0K18.0K+$535,320$535,320
DFSVDIMENSIONAL US SMALL CAP VALU ETFNEW+9.4K9.4K+$330,217$330,217
iShares Short-Term National Muni Bond ETFNEW+3.0K3.0K+$317,264$317,264
EXMOCExxon Mobil CorporationNEW+1.8K1.8K+$301,486$301,486
iShares Morningstar Small-Cap Growth ETFNEW+5.5K5.5K+$300,468$300,468
DFCFDFA Dimensional Core Fixed Income ETFNEW+6.5K6.5K+$273,375$273,375
DIMENSIONAL ETF TRUST DIMENSIONAL US LARGE CAP VALUE ETFNEW+7.1K7.1K+$253,362$253,362

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q1 2026

50 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1DFACDimensional US Core Equity 2 ETFhistory →US CORE EQUITY 216.47%$55M1.42M
2Vanguard Real Estate Index Fund ETF SharesREAL ESTATE ETF11.49%$38M433.8K
3Schwab Short-Term U.S. Treasury ETFSHT TM US TRES8.94%$30M1.23M
4DIMENSIONAL ETF TR INTL CORE EQUITYINTL CORE EQUITY6.45%$22M607.9K
5Avantis U.S. Equity ETFUS EQT ETF6.23%$21M187.7K
6Vanguard Tax-Exempt Bond Index Fund ETF SharesTAX EXEMPT BD4.84%$16M325.0K
7Avantis International Equity ETFINTL EQT ETF4.70%$16M185.7K
8Schwab U.S. Broad Market ETFUS BRD MKT ETF3.96%$13M528.2K
9DFSDDIMENSIONAL ETF TR SHORT DURAT ION FIXED INCOMEhistory →SHORT DURATION3.75%$13M262.2K
10Avantis Emerging Markets Equity ETFAVANTIS EMGMKT2.92%$10M121.5K
11DIMENSIONAL EMERG MARK CRE EQY 2 ETFEMERGING MKTS CO2.35%$8M228.2K
12Schwab U.S. REIT ETFUS REIT ETF2.00%$7M311.9K
13Avantis U.S. Small Cap Value ETFUS SML CP VALU1.47%$5M44.7K
14DIMENSIONAL ETF TRUST US TARGETED VLUUS TARGETED VLU1.47%$5M78.9K
15AMERICAN CENTURY ETF TRUST AVANTIS U S SMALL CAP EQUITY ETFU.S. SML CP EQUITY1.16%$4M62.5K
16Vanguard Short-Term Inflation-Protected Securities Index Fund ETF SharesSTRM INFPROIDX1.04%$3M70.0K
17iShares 0-5 Year TIPS Bond ETF0-5 YR TIPS ETF1.00%$3M32.5K
18JBGSJBG SMITH PropertiesCOM0.96%$3M220.6K
19Vanguard Total Bond Market Index Fund ETF SharesTOTAL BND MRKT0.88%$3M40.2K
20iShares MSCI Emerging Markets ex China ETFMSCI EMRG CHN0.79%$3M33.6K
21VANGUARD WELLINGTON FD VANGUARD SHORT TERM TAX EXEMPT BOND ETFSHORT TRM TAX EX0.73%$2M24.2K
22Schwab Intermediate-Term U.S. Treasury ETFINT-TRM US TRES0.67%$2M89.5K
23Schwab International Equity ETFINTL EQTY ETF0.61%$2M82.1K
24Vanguard S&P 500 ETFS&P 500 ETF SHS0.61%$2M3.4K
25AAPLApple IncCOM0.59%$2M7.8K
26Avantis International Small Cap Value ETFINTL SMCP VLU0.57%$2M19.3K
27NDQInvesco QQQ TrustUNIT SER 10.56%$2M3.3K
28Schwab U.S. TIPS ETFUS TIPS ETF0.54%$2M68.0K
29Schwab Emerging Markets Equity ETFEMRG MKTEQ ETF0.51%$2M51.9K
30Schwab U.S. Large-Cap ETFUS LARGE CAP ETF0.48%$2M62.3K
31iShares National Muni Bond ETFNATIONAL MUN ETF0.44%$1M14.0K
32Schwab U.S. Small-Cap ETFUS SML CAP ETF0.43%$1M49.6K
33VUGVanguard Growth Index Fund ETF SharesGROWTH ETF0.40%$1M3.1K
34CDPCorporate Office Properties TrustCOM0.39%$1M42.9K
35SPDR S&P 500 ETF TrustTR UNIT0.34%$1M1.8K
36DFAIDFA Dimensional International Core Equity MarketINTL CORE EQT MK0.32%$1M27.3K
37AUBAtlantic Union Bankshares CorporationCOM0.31%$1M29.1K
38Vanguard ESG U.S. Stock ETFESG US STK ETF0.28%$943,2938.4K
39Vanguard Small-Cap Index Fund ETF SharesESG US STK ETF0.27%$917,2443.5K
40Vanguard Information Technology Index Fund ETF SharesINF TECH ETF0.27%$893,0821.3K
41DISVDIMENSIONAL INTERN SMALL CAP VL ETFINTL SMALL CAP V0.26%$860,34421.8K
42VTVVanguard Value Index Fund ETF SharesVALUE ETF0.24%$814,7714.2K
43MSFTMicrosoft CorporationCOM0.24%$814,7442.2K
44Schwab International Small-Cap Equity ETFINTL SCEQT ETF0.22%$723,62215.5K
45LLYEli Lilly and CompanyCOM0.20%$671,432730
46WisdomTree U.S. High Dividend FundUS HiGH DIVIDEND0.19%$629,3265.8K
47iShares Core S&P 500 ETFCORE S&P 500 ETF0.19%$623,162954
48MAMastercard IncorporatedCOM0.18%$588,1001.2K
49MCDMcDonald's CorporationCOM0.17%$580,2451.9K
50LOWLowe's Companies, IncCOM0.17%$575,5782.4K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$335M104May 14, 202613F-HRchanges · EDGAR ↗
Q4 2025$320M94Feb 5, 202613F-HRchanges · EDGAR ↗
Q3 2025$307M88Nov 12, 202513F-HRchanges · EDGAR ↗
Q2 2025$321M82Aug 12, 202513F-HRchanges · EDGAR ↗
Q1 2025$316M83May 7, 202513F-HRchanges · EDGAR ↗
Q4 2024$284M65Feb 5, 202513F-HRchanges · EDGAR ↗
Q3 2024$286M65Nov 15, 202413F-HRchanges · EDGAR ↗
Q2 2023$229M52Jul 28, 202313F-HRchanges · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.