Passive Capital Management, LLC.

In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 14, 2026), Passive Capital Management, LLC. reported 104 stock positions worth $334.9 million. Its top holding was Dimensional US Core Equity 2 (DFAC) at 16.5% of the portfolio, followed by Vanguard Real Estate ETF (VNQ, 11.5%) and Schwab Short-Term US Treas (SCHO, 8.9%). Compared with Q4 2025, it opened 15 new positions, sold out of 5, added to 40 and reduced 19. The biggest buy was JBG Smith Properties (JBGS, shares +969%) and the biggest sale Avantis U.S. Equity ETF (AVUS, shares −0%).

Most Recent 13F
Q2 2026
Location
BALTIMORE, MD
CIK
0001958250
Portfolio Value
$334.9M (Q1 2026)
SEC Filing
0001765380-26-000213 ↗ filed May 14, 2026

Holdings Value

0$100.0M$200.0M$300.0M$400.0M Q1 2024: $255.5M Q1 2024 Q2 2024: $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 $334.9M Q1 2026 Q2 2026: $319.8M Q2 2026

Holdings 104 stocks · $334.9M
DFAC Dimensional US Core Equity 2 16.47% 1,419,268 $55.2M Add +5.2%
VNQ Vanguard Real Estate ETF 11.49% 433,750 $38.5M Add +0.0%
SCHO Schwab Short-Term US Treas 8.94% 1,234,433 $30.0M Add +5.8%
DFIC Dimensional International Co. 6.45% 607,940 $21.6M Add +8.5%
AVUS Avantis U.S. Equity ETF 6.23% 187,708 $20.9M Reduce -0.2%
VTEB Vanguard Tax-Exempt Bond ETF 4.84% 325,037 $16.2M Add +2.2%
AVDE Avantis International Equity 4.70% 185,707 $15.8M Reduce -0.4%
SCHB Schwab US Broad Market ETF 3.96% 528,214 $13.3M Add +0.3%
DFSD Dimensional Short Duration 3.75% 262,217 $12.6M Add +12.8%
AVEM Avantis Emerging Markets Eq 2.92% 121,494 $9.8M Reduce -0.4%
DFEM Dimensional Emrg MRKT Core 2.35% 228,197 $7.9M Add +4.7%
SCHH Schwab US REIT ETF 2.00% 311,865 $6.7M Add +4.0%
AVUV Avantis US Small Cap Value 1.47% 44,692 $4.9M Add +9.8%
DFAT Dimensional US Target Value 1.47% 78,863 $4.9M Add +2.4%
AVSC Avantis US Small Cap Equity 1.16% 62,500 $3.9M No change
VTIP Vanguard Short-Term Tips 1.04% 69,986 $3.5M Reduce -11.2%
STIP iShares 0-5 Year Tips Bond E 1.00% 32,534 $3.4M Reduce -4.1%
JBGS JBG Smith Properties 0.96% 220,639 $3.2M Add +969.4%
BND Vanguard Total Bond Market 0.88% 40,153 $3.0M Add +26.6%
EMXC iShares MSCI Emr MRK Ex Chna 0.79% 33,590 $2.6M Add +1.8%
VTES Vanguard SH Term Tax-Ex Bond 0.73% 24,225 $2.5M Add +30.0%
SCHR Schwab Intermediate-Term US 0.67% 89,480 $2.2M Reduce -3.7%
SCHF Schwab Intl Equity ETF 0.61% 82,141 $2.0M Reduce -0.3%
VOO Vanguard S&P 500 ETF 0.61% 3,396 $2.0M Add +6.3%
AAPL Apple Inc. 0.59% 7,850 $2.0M Add +4.0%
AVDV Avantis Intl S/C Value ETF 0.57% 19,265 $1.9M Reduce -0.4%
QQQ Invesco QQQ Trust Series 1 0.56% 3,276 $1.9M No change
SCHP Schwab U.S. Tips ETF 0.54% 68,050 $1.8M Reduce -1.2%
SCHE Schwab Emrg Mrkts Eqty ETF 0.51% 51,938 $1.7M Reduce -0.8%
SCHX Schwab US Large-Cap ETF 0.48% 62,330 $1.6M No change
MUB iShares National Muni Bond E 0.44% 13,965 $1.5M Add +2.3%
SCHA Schwab US Small-Cap ETF 0.43% 49,554 $1.4M Add +1.2%
VUG Vanguard Mrngstar GR ETF-Sui 0.40% 3,080 $1.3M Add +3.9%
CDP Copt Defense Properties 0.39% 42,921 $1.3M No change
SPY SS SPDR S&P 500 ETF Trust-US 0.34% 1,773 $1.2M No change
DFAI Dimensional International Co. 0.32% 27,266 $1.1M Reduce -1.0%
AUB Atlantic Union Bankshares Co. 0.31% 29,123 $1.0M New
ESGV Vanguard ESG US Stock ETF 0.28% 8,402 $943K Reduce -1.4%
VB Vanguard Most SM-Cap ETF-Usd 0.27% 3,502 $917K No change
VGT Vanguard Info Tech ETF 0.27% 1,280 $893K Reduce -0.1%
DISV Dimensional International SM 0.26% 21,814 $860K Add +4.5%
VTV Vanguard Mrngstr Val ETF-Aui 0.24% 4,153 $815K No change
MSFT Microsoft Corp. 0.24% 2,201 $815K Add +3.4%
SCHC Schwab Intl Small-Cap Equity 0.22% 15,482 $724K Reduce -3.1%
LLY Eli Lilly & Co. 0.20% 730 $671K Add +2.8%
DHS Wisdomtree US High Dividend 0.19% 5,762 $629K No change
IVV iShares Core S&P 500 ETF 0.19% 954 $623K Reduce -6.5%
MA Mastercard Inc. Class A 0.18% 1,177 $588K Reduce -5.2%
MCD McDonald's Corp. 0.17% 1,867 $580K Add +1.1%
LOW Lowe's Cos Inc. 0.17% 2,436 $576K Add +0.8%
VEU Vanguard Ftse All-World Ex-U 0.17% 7,587 $570K No change
VV Vngrd Mrgstr LRG-Cap ETF-Usd 0.17% 1,892 $565K No change
DFIV Dimensional International Va 0.16% 10,292 $543K Add +0.2%
CBNK Capital Bancorp Inc. 0.16% 18,000 $535K New
GOOGL Alphabet Inc. Class A 0.16% 1,859 $535K Reduce -3.6%
BRK.B Berkshire Hathaway Inc. Class B 0.15% 1,076 $516K Add +12.9%
ALRM Alarm.com Holdings Inc. 0.15% 11,928 $515K No change
VBK Van Morst SML-Cap Gro-Usd Inc. 0.15% 1,640 $496K Add +23.3%
VYM Vanguard High DVD Yield ETF 0.15% 3,326 $493K No change
AMZN Amazon.com Inc. 0.15% 2,354 $490K Add +9.9%
VSGX Vanguard ESG Intl Stock ETF 0.15% 6,792 $487K Add +1.0%
GOOG Alphabet Inc. Class C 0.15% 1,695 $486K Add +5.3%
PG The Procter & Gamble Co. 0.14% 3,253 $470K Add +2.6%
VOT Vngrd Mrngstr MC GRW ETF-Usd 0.14% 1,778 $458K Reduce -0.6%
DFSI Dimensional Int Sus COR1 ETF 0.14% 10,700 $454K No change
DFSU Dimensional US Sus CORE1 ETF 0.13% 10,800 $444K No change
VBIL Vanguard 0-3M T-Bill ETF 0.13% 5,576 $422K No change
DFAE Dimensional Emerging Core Eq 0.13% 12,398 $420K Add +40.5%
IVOV Vanguard S&P Mid-Cap 400 Val 0.12% 4,026 $410K No change
DTH Wisdomtree International Hig 0.12% 7,270 $393K No change
DVY iShares Select Dividend ETF 0.11% 2,500 $379K No change
CAT Caterpillar Inc. 0.11% 519 $368K Add +2.2%
IBMQ iShares Ibonds Dec 2028 Muni 0.11% 13,803 $352K No change
JNJ Johnson & Johnson 0.10% 1,404 $343K Add +4.1%
FRT Federal Realty Invs Trust 0.10% 3,193 $339K No change
DFSV Dimensional US Small Cap Val 0.10% 9,424 $330K New
IBDW iShares Ibonds Dec 2031 Corp. 0.10% 15,719 $329K No change
SUB iShares Short-Term National 0.09% 2,979 $317K New
IBTK iShares Ibonds Dec 2030 Trea 0.09% 15,941 $314K No change
R Ryder System Inc. 0.09% 1,531 $313K Add +1.2%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.09% 6,383 $311K Add +9.9%
PM Philip Morris International 0.09% 1,875 $310K Reduce -7.2%
XOM Exxon Mobil Corp. 0.09% 1,777 $301K New
ISCG iShares Morningstar Small-Ca 0.09% 5,483 $300K New
ITOT iShares Core S&P Total U.S. 0.09% 2,048 $292K No change
VHT Vanguard Health Care ETF 0.09% 1,063 $289K No change
VBR Vngrd Mrngst SL-CP Val ETF-U 0.09% 1,310 $285K No change
COF Capital One Financial Corp. 0.08% 1,542 $281K Add +2.8%
DFCF Dimensional Core Fixed Inc. 0.08% 6,475 $273K New
DFEV Dimensional Emrg MRKT Val 0.08% 7,594 $272K Add +25.0%
VXF Vanguard Extended Market ETF 0.08% 1,295 $267K No change
DFLV Dim US Large Cap Value ETF 0.08% 7,095 $253K New
LMT Lockheed Martin Corp. 0.07% 414 $250K New
NOC Northrop Grumman Corp. 0.07% 351 $239K New
VO Vngrd Mrngstr MD-Cap ETF-Usd 0.07% 829 $238K No change
CVX Chevron Corp. 0.07% 1,139 $236K New
EFA iShares MSCI Eafe ETF 0.06% 2,186 $212K New
VIOV Vanguard S&P Small-Cap 600 V 0.06% 2,058 $209K No change
IBB iShares Biotechnology ETF 0.06% 1,238 $209K No change
RTX RTX Corp. 0.06% 1,081 $209K New

Show all 104 holdings

Portfolio Sells Q4 2025 → Q1 2026
AVUS Avantis U.S. Equity ETF Reduce -0.2% 6.23% −0.35
AVSU Avantis Resp US Equity ETF Sold out 0.00% −0.32
TEEFX T Rowe PR Tax-Eff Eqty-I Sold out 0.00% −0.24
VTIP Vanguard Short-Term Tips Reduce -11.2% 1.04% −0.17
BHRB Burke & Herbert Financial SE Sold out 0.00% −0.17
AVSD Avantis Reps Intern Equi ETF Sold out 0.00% −0.12
AVDE Avantis International Equity Reduce -0.4% 4.70% −0.10
STIP iShares 0-5 Year Tips Bond E Reduce -4.1% 1.00% −0.08
IWF iShares Russell 1000 Growth Sold out 0.00% −0.06
SCHR Schwab Intermediate-Term US Reduce -3.7% 0.67% −0.06
MA Mastercard Inc. Class A Reduce -5.2% 0.18% −0.05
ESGV Vanguard ESG US Stock ETF Reduce -1.4% 0.28% −0.04
VGT Vanguard Info Tech ETF Reduce -0.1% 0.27% −0.04
IVV iShares Core S&P 500 ETF Reduce -6.5% 0.19% −0.03
SCHP Schwab U.S. Tips ETF Reduce -1.2% 0.54% −0.03
GOOGL Alphabet Inc. Class A Reduce -3.6% 0.16% −0.03
SCHE Schwab Emrg Mrkts Eqty ETF Reduce -0.8% 0.51% −0.03
VOT Vngrd Mrngstr MC GRW ETF-Usd Reduce -0.6% 0.14% −0.02
AVEM Avantis Emerging Markets Eq Reduce -0.4% 2.92% −0.01
SCHF Schwab Intl Equity ETF Reduce -0.3% 0.61% −0.01
SCHC Schwab Intl Small-Cap Equity Reduce -3.1% 0.22% −0.01
DFAI Dimensional International Co. Reduce -1.0% 0.32% −0.01
PM Philip Morris International Reduce -7.2% 0.09% −0.01
AVDV Avantis Intl S/C Value ETF Reduce -0.4% 0.57% +0.01

Portfolio Buys Q4 2025 → Q1 2026
JBGS JBG Smith Properties Add +969.4% 0.96% +0.85
DFIC Dimensional International Co. Add +8.5% 6.45% +0.41
AUB Atlantic Union Bankshares Co. New 0.31% +0.31
DFSD Dimensional Short Duration Add +12.8% 3.75% +0.26
AVUV Avantis US Small Cap Value Add +9.8% 1.47% +0.18
CBNK Capital Bancorp Inc. New 0.16% +0.16
BND Vanguard Total Bond Market Add +26.6% 0.88% +0.15
VTES Vanguard SH Term Tax-Ex Bond Add +30.0% 0.73% +0.14
DFEM Dimensional Emrg MRKT Core Add +4.7% 2.35% +0.10
DFSV Dimensional US Small Cap Val New 0.10% +0.10
SUB iShares Short-Term National New 0.09% +0.09
XOM Exxon Mobil Corp. New 0.09% +0.09
ISCG iShares Morningstar Small-Ca New 0.09% +0.09
DFCF Dimensional Core Fixed Inc. New 0.08% +0.08
DFLV Dim US Large Cap Value ETF New 0.08% +0.08
LMT Lockheed Martin Corp. New 0.07% +0.07
NOC Northrop Grumman Corp. New 0.07% +0.07
CVX Chevron Corp. New 0.07% +0.07
EFA iShares MSCI Eafe ETF New 0.06% +0.06
RTX RTX Corp. New 0.06% +0.06
DGS Wisdomtree Em Small Cap New 0.06% +0.06
JPM JPMorgan Chase & Co. New 0.06% +0.06
SCHO Schwab Short-Term US Treas Add +5.8% 8.94% +0.06
SCHH Schwab US REIT ETF Add +4.0% 2.00% +0.04
EMXC iShares MSCI Emr MRK Ex Chna Add +1.8% 0.79% +0.04
DFAT Dimensional US Target Value Add +2.4% 1.47% +0.04
DFAE Dimensional Emerging Core Eq Add +40.5% 0.13% +0.04
VBK Van Morst SML-Cap Gro-Usd Inc. Add +23.3% 0.15% +0.02
CAT Caterpillar Inc. Add +2.2% 0.11% +0.02
DFEV Dimensional Emrg MRKT Val Add +25.0% 0.08% +0.02
JNJ Johnson & Johnson Add +4.1% 0.10% +0.02
DISV Dimensional International SM Add +4.5% 0.26% +0.01
BRK.B Berkshire Hathaway Inc. Class B Add +12.9% 0.15% +0.00
R Ryder System Inc. Add +1.2% 0.09% +0.00
DFIV Dimensional International Va Add +0.2% 0.16% +0.00
PG The Procter & Gamble Co. Add +2.6% 0.14% −0.00
MCD McDonald's Corp. Add +1.1% 0.17% −0.00
VSGX Vanguard ESG Intl Stock ETF Add +1.0% 0.15% −0.01
SCHA Schwab US Small-Cap ETF Add +1.2% 0.43% −0.01
TFC Truist Financial Corp. Add +2.0% 0.06% −0.01
BAC Bank of America Corp. Add +9.9% 0.09% −0.01
AMZN Amazon.com Inc. Add +9.9% 0.15% −0.01
LOW Lowe's Cos Inc. Add +0.8% 0.17% −0.01
GOOG Alphabet Inc. Class C Add +5.3% 0.15% −0.01
MUB iShares National Muni Bond E Add +2.3% 0.44% −0.01
VOO Vanguard S&P 500 ETF Add +6.3% 0.61% −0.02
COF Capital One Financial Corp. Add +2.8% 0.08% −0.03
LLY Eli Lilly & Co. Add +2.8% 0.20% −0.04
AAPL Apple Inc. Add +4.0% 0.59% −0.05
VUG Vanguard Mrngstar GR ETF-Sui Add +3.9% 0.40% −0.05

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