Passive Capital Management, LLC.

In its 13F for Q2 2024 (holdings as of June 30, 2024, filed September 25, 2024), Passive Capital Management, LLC. reported 66 stock positions worth $269.4 million. Its top holding was Vanguard Real Estate ETF (VNQ) at 16.7% of the portfolio, followed by Vanguard Tax-Exempt Bond ETF (VTEB, 12.7%) and Dimensional US Core Equity 2 (DFAC, 11.4%). Compared with Q1 2024, it opened 8 new positions, sold out of 1, added to 26 and reduced 13. The biggest buy was Dimensional US Core Equity 2 (DFAC, shares +21%) and the biggest sale Vanguard Real Estate ETF (VNQ, shares −0%).

Most Recent 13F
Q2 2026
Location
BALTIMORE, MD
CIK
0001958250
Portfolio Value
$269.4M (Q2 2024)
SEC Filing
0001214659-24-016718 ↗ filed Sep 25, 2024

Holdings Value

0$100.0M$200.0M$300.0M$400.0M Q1 2024: $255.5M Q1 2024 Q2 2024: $269.4M $269.4M Q2 2024 Q3 2024: $286.5M Q3 2024 Q4 2024: $284.1M Q4 2024 Q1 2025: $315.8M Q1 2025 Q2 2025: $321.4M Q2 2025 Q3 2025: $306.6M Q3 2025 Q4 2025: $319.8M Q4 2025 Q1 2026: $334.9M Q1 2026 Q2 2026: $319.8M Q2 2026

Holdings 66 stocks · $269.4M
VNQ Vanguard Real Estate ETF 16.69% 536,901 $45.0M Reduce -0.0%
VTEB Vanguard Tax-Exempt Bond ETF 12.68% 681,740 $34.2M Add +0.3%
DFAC Dimensional US Core Equity 2 11.43% 954,883 $30.8M Add +20.9%
SCHO Schwab Short-Term US Treas 9.83% 550,408 $26.5M Add +6.8%
AVUS Avantis U.S. Equity ETF 6.62% 197,655 $17.8M Add +0.2%
AVDE Avantis International Equity 4.33% 187,187 $11.7M Add +6.6%
SCHB Schwab US Broad Market ETF 4.31% 184,628 $11.6M Reduce -0.4%
DFIC Dimensional International Co. 3.82% 391,861 $10.3M Add +13.8%
AVEM Avantis Emerging Markets Eq 2.81% 124,118 $7.6M Add +4.5%
DFAT Dimensional US Target Value 2.59% 134,295 $7.0M Reduce -7.2%
MUB iShares National Muni Bond E 2.40% 60,627 $6.5M Add +4.8%
VTIP Vanguard Short-Term Tips 1.84% 102,038 $5.0M Reduce -0.0%
AVUV Avantis US Small Cap Value 1.83% 55,032 $4.9M Add +0.1%
SCHH Schwab US REIT ETF 1.55% 209,478 $4.2M Add +18.9%
SCHR Schwab Intermediate-Term US 1.44% 79,590 $3.9M Add +0.9%
DFEM Dimensional Emrg MRKT Core 1.38% 139,584 $3.7M Add +21.8%
AVSC Avantis US Small Cap Equity 1.16% 62,500 $3.1M No change
DFSD Dimensional Short Duration 1.08% 62,194 $2.9M Add +87.5%
SCHP Schwab U.S. Tips ETF 0.74% 38,203 $2.0M Reduce -3.7%
VOO Vanguard S&P 500 ETF 0.73% 3,944 $2.0M Add +29.9%
EMXC iShares MSCI Emr MRK Ex Chna 0.73% 33,000 $2.0M No change
STIP iShares 0-5 Year Tips Bond E 0.71% 19,097 $1.9M Add +0.8%
SCHF Schwab Intl Equity ETF 0.67% 46,784 $1.8M Reduce -0.2%
SCHE Schwab Emrg Mrkts Eqty ETF 0.53% 54,096 $1.4M Add +0.2%
NOW ServiceNow Inc. 0.53% 1,811 $1.4M No change
SCHA Schwab US Small-Cap ETF 0.47% 26,654 $1.3M Reduce -0.1%
QQQ Invesco QQQ Trust Series 1 0.46% 2,588 $1.2M Reduce -3.0%
AVDV Avantis Intl S/C Value ETF 0.45% 18,622 $1.2M Add +1.3%
BND Vanguard Total Bond Market 0.39% 14,695 $1.1M New
SCHC Schwab Intl Small-Cap Equity 0.36% 27,104 $964K Reduce -2.0%
SPY SS SPDR S&P 500 ETF Trust-US 0.35% 1,723 $938K No change
AAPL Apple Inc. 0.33% 4,244 $894K Add +52.5%
ACVA Acv Auctions Inc. Class A 0.28% 41,583 $759K No change
ESGV Vanguard ESG US Stock ETF 0.28% 7,683 $742K Add +3.9%
AVSU Avantis Resp US Equity ETF 0.27% 11,974 $739K Add +6.2%
LLY Eli Lilly & Co. 0.24% 718 $650K New
LOW Lowe's Cos Inc. 0.24% 2,911 $642K Reduce -9.5%
DHS Wisdomtree US High Dividend 0.19% 6,062 $513K No change
BHRB Burke & Herbert Financial SE 0.18% 9,360 $477K No change
VV Vngrd Mrgstr LRG-Cap ETF-Usd 0.18% 1,892 $472K No change
VEU Vanguard Ftse All-World Ex-U 0.17% 7,587 $445K No change
VB Vanguard Most SM-Cap ETF-Usd 0.16% 2,012 $439K Reduce -3.0%
PG The Procter & Gamble Co. 0.16% 2,633 $434K No change
DFSI Dimensional Int Sus COR1 ETF 0.16% 13,100 $432K No change
DISV Dimensional International SM 0.15% 15,500 $417K No change
DFAI Dimensional International Co. 0.15% 13,784 $409K Reduce -0.8%
DFSU Dimensional US Sus CORE1 ETF 0.14% 10,800 $376K No change
R Ryder System Inc. 0.14% 3,027 $375K No change
MSFT Microsoft Corp. 0.13% 792 $354K New
RSP Invesco S&P 500 Equal Weight 0.12% 1,915 $315K New
VSGX Vanguard ESG Intl Stock ETF 0.11% 5,399 $309K Add +0.5%
DVY iShares Select Dividend ETF 0.11% 2,500 $302K New
BRK.B Berkshire Hathaway Inc. Class B 0.11% 735 $299K New
AVSD Avantis Reps Intern Equi ETF 0.10% 5,080 $282K Add +5.3%
DTH Wisdomtree International Hig 0.10% 7,270 $279K No change
HON Honeywell International Inc. 0.09% 1,169 $250K Add +12.0%
VBR Vngrd Mrngst SL-CP Val ETF-U 0.09% 1,307 $239K No change
PLD Prologis Inc. 0.09% 2,100 $236K No change
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.09% 5,810 $231K No change
VXF Vanguard Extended Market ETF 0.08% 1,295 $219K Add +12.4%
DFAE Dimensional Emerging Core Eq 0.08% 8,274 $214K Add +0.5%
PM Philip Morris International 0.08% 2,087 $211K New
DFSE Dimensional Em Sus CORE1 ETF 0.08% 6,300 $211K No change
MA Mastercard Inc. Class A 0.08% 464 $205K Add +9.9%
COF Capital One Financial Corp. 0.08% 1,462 $202K New
JBGS JBG Smith Properties 0.06% 10,000 $152K Reduce -50.0%

Portfolio Sells Q1 2024 → Q2 2024
VNQ Vanguard Real Estate ETF Reduce -0.0% 16.69% −1.48
DFAT Dimensional US Target Value Reduce -7.2% 2.59% −0.50
SCHB Schwab US Broad Market ETF Reduce -0.4% 4.31% −0.12
SHY iShares 1-3 Year Treasury Bo Sold out 0.00% −0.09
LOW Lowe's Cos Inc. Reduce -9.5% 0.24% −0.08
VTIP Vanguard Short-Term Tips Reduce -0.0% 1.84% −0.07
SCHP Schwab U.S. Tips ETF Reduce -3.7% 0.74% −0.07
JBGS JBG Smith Properties Reduce -50.0% 0.06% −0.07
SCHF Schwab Intl Equity ETF Reduce -0.2% 0.67% −0.05
SCHA Schwab US Small-Cap ETF Reduce -0.1% 0.47% −0.04
SCHC Schwab Intl Small-Cap Equity Reduce -2.0% 0.36% −0.03
VB Vanguard Most SM-Cap ETF-Usd Reduce -3.0% 0.16% −0.02
DFAI Dimensional International Co. Reduce -0.8% 0.15% −0.01
QQQ Invesco QQQ Trust Series 1 Reduce -3.0% 0.46% −0.00

Portfolio Buys Q1 2024 → Q2 2024
DFAC Dimensional US Core Equity 2 Add +20.9% 11.43% +1.55
DFSD Dimensional Short Duration Add +87.5% 1.08% +0.47
BND Vanguard Total Bond Market New 0.39% +0.39
LLY Eli Lilly & Co. New 0.24% +0.24
DFEM Dimensional Emrg MRKT Core Add +21.8% 1.38% +0.24
DFIC Dimensional International Co. Add +13.8% 3.82% +0.22
VOO Vanguard S&P 500 ETF Add +29.9% 0.73% +0.16
SCHH Schwab US REIT ETF Add +18.9% 1.55% +0.15
AAPL Apple Inc. Add +52.5% 0.33% +0.15
MSFT Microsoft Corp. New 0.13% +0.13
AVEM Avantis Emerging Markets Eq Add +4.5% 2.81% +0.12
RSP Invesco S&P 500 Equal Weight New 0.12% +0.12
DVY iShares Select Dividend ETF New 0.11% +0.11
BRK.B Berkshire Hathaway Inc. Class B New 0.11% +0.11
SCHO Schwab Short-Term US Treas Add +6.8% 9.83% +0.11
PM Philip Morris International New 0.08% +0.08
COF Capital One Financial Corp. New 0.08% +0.08
HON Honeywell International Inc. Add +12.0% 0.09% +0.01
ESGV Vanguard ESG US Stock ETF Add +3.9% 0.28% +0.01
AVSU Avantis Resp US Equity ETF Add +6.2% 0.27% +0.00
VXF Vanguard Extended Market ETF Add +12.4% 0.08% +0.00
DFAE Dimensional Emerging Core Eq Add +0.5% 0.08% −0.00
SCHE Schwab Emrg Mrkts Eqty ETF Add +0.2% 0.53% −0.00
AVSD Avantis Reps Intern Equi ETF Add +5.3% 0.10% −0.00
MA Mastercard Inc. Class A Add +9.9% 0.08% −0.00
VSGX Vanguard ESG Intl Stock ETF Add +0.5% 0.11% −0.01
AVDV Avantis Intl S/C Value ETF Add +1.3% 0.45% −0.03
STIP iShares 0-5 Year Tips Bond E Add +0.8% 0.71% −0.03
MUB iShares National Muni Bond E Add +4.8% 2.40% −0.04
AVDE Avantis International Equity Add +6.6% 4.33% −0.05
SCHR Schwab Intermediate-Term US Add +0.9% 1.44% −0.07
AVUV Avantis US Small Cap Value Add +0.1% 1.83% −0.18
AVUS Avantis U.S. Equity ETF Add +0.2% 6.62% −0.29
VTEB Vanguard Tax-Exempt Bond ETF Add +0.3% 12.68% −0.78

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 94$319.8MDFAC, VNQ, SCHO, AVUS, DFIC
Q1 2026 104$334.9MDFAC, VNQ, SCHO, DFIC, AVUS
Q4 2025 94$319.8MDFAC, VNQ, SCHO, AVUS, DFIC
Q3 2025 88$306.6MDFAC, VNQ, SCHO, AVUS, DFIC
Q2 2025 82$321.4MVNQ, DFAC, VTEB, SCHO, AVUS
Q1 2025 83$315.8MVNQ, DFAC, VTEB, SCHO, AVUS
Q4 2024 65$284.1MVNQ, DFAC, VTEB, SCHO, AVUS
Q3 2024 65$286.5MVNQ, VTEB, DFAC, SCHO, AVUS
Q2 2024 66$269.4MVNQ, VTEB, DFAC, SCHO, AVUS
Q1 2024 59$255.5MVNQ, VTEB, DFAC, SCHO, AVUS