Passive Capital Management, LLC.

Registered adviser

CIK

1958250

Location

BALTIMORE, MD

Portfolio Value

Small $346,698,314

Diversification

Moderately concentrated

Filing Date

Global Rank

#4,779 / 8,815 ▼ 272

Top Industry

Consumer Electronics 15.4%

Period ended 4 months ago

Filed Aug 10, 2026 · 2mo

19 quarters · since Dec 2021

Regulatory profile

From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.

Holder type

Registered adviser

Form ADV roster, Oct 1, 2026

Form ADV adviser

CRD 142870

Roster of Oct 1, 2026

Regulatory AUM

$996,942,091

Main clients

Individuals and high net worth (83% of AUM)

Form ADV history

Monthly rosters from Dec 2019; each row is a run with the same figures, newest first.

Rosters	Regulatory AUM	Main clients
Feb 2026 to Oct 2026	$996,942,091	Individuals and high net worth (83%)
Apr 2025 to Jan 2026	$941,460,242	Individuals and high net worth (87%)
Mar 2024 to Mar 2025	$863,711,585	Individuals and high net worth (80%)
May 2023 to Feb 2024	$794,689,488	Individuals and high net worth (80%)
Apr 2023	$794,689,488	Individuals and high net worth (80%)
Apr 2022 to Mar 2023	$827,646,000	Individuals and high net worth (81%)

3 earlier changes not shown.

Portfolio style

Measured from the filed 13F common-share book for Jun 30, 2026, never from the firm's own description.

Style

Concentrated

The top 10 positions are 92.6% of the book (60%+)

Turnover

Low turnover

4.9% over the last four quarters (under 30%)

Horizon

Long horizon

Value-weighted holding period 17.0 quarters (12+)

Closest benchmark: every 13F filer's combined book, active share 90.7%; sector active share 83.5% against the combined 13F book's sector weights.

Over time 19 measured quarters

How the bands are measured

Style bands measure the filed 13F common-share book each closed quarter, tested in this order. Unknown: under $10,000,000 of valued equity or 5 stocks. Index-like (100+ stocks): active share of 20% or less against the closest benchmark, which is the S&P 500, S&P MidCap 400, S&P SmallCap 600, Russell 1000, Russell 2000, Nasdaq-100 or Dow Jones Industrial Average (weighted by an index-tracking fund's reported holdings or the index's constituents nearest the quarter end, over the names resolved to companies, and only when those are 90%+ of its weight) or every 13F filer's combined book, or index series holding 80%+ of the registered fund assets it advises (N-CEN) and equal to 50%+ of its book. Systematic-like: 500+ stocks, 100%+ annual turnover and a top 10 weight of 25% or less. Concentrated: a top 10 weight of 60%+ or 12 or fewer effective positions. Diversified active: none of these. Turnover is the smaller of buys and sells over average equity value, summed over four quarters: low under 30%, high 100%+. Horizon is the value-weighted number of quarters each position has been held: short under 4, long 12+.

Clone Performance

Build a hypothetical price-return history from this filer's public 13F holdings.

View clone backtest

Portfolio Concentration

93 tracked positions · as of Jun 30, 2026 · Δ vs Mar 31, 2026

Top Position

31.8%

−0.5 pts

Top 5

85.7%

+1.2 pts

Top 10

92.6%

+0.5 pts

HHI

1,883

Moderately concentrated+26

Portfolio Trend

19 quarters · across all stocks

Sector Breakdown

As of Jun 30, 2026

Sector	% Portfolio	Value	Positions
Unclassified	95.9%	$332,549,631	70
Technology	1.0%	$3,535,730	3
Financial Services	0.7%	$2,589,904	6
Real Estate	0.7%	$2,258,709	3
Consumer Cyclical	0.4%	$1,542,250	3
Communication Services	0.4%	$1,257,516	2
Healthcare	0.3%	$1,194,200	2
Industrials	0.3%	$940,053	2
Consumer Defensive	0.2%	$830,321	2

Last Quarter's Activity

Export CSV

Jun 30, 2026 vs Mar 31, 2026

Added To

Positions the filer increased

19 positions

Ticker	Company	Δ Shares	Shares	Value
VTIP	VANGUARD SHORT-TERM INFLATION-PROTECTED SECURITIES INDEX FUND	+8,788	78,774	$3,956,818
SCHR	Schwab Intermediate-Term U.S. Treasury ETF	+3,434	92,914	$2,291,259
STIP	iShares 0-5 Year TIPS Bond ETF	+1,378	33,912	$3,464,449
SCHP	Schwab U.S. TIPS ETF	+818	68,868	$1,825,002
AVDE	Avantis International Equity ETF	+730	186,437	$16,630,180
SCHC	Schwab International Small-Cap Equity ETF	+498	15,980	$768,957
AVEM	Avantis Emerging Markets Equity ETF	+456	121,950	$11,766,955
AVUS	Avantis U.S. Equity ETF	+453	188,161	$24,099,660
SCHE	Schwab Emerging Markets Equity ETF	+419	52,357	$1,898,464
DFAI	Dimensional International Core Equity Market ETF	+281	27,547	$1,136,313
SCHF	Schwab International Equity ETF	+264	82,405	$2,282,618
PM	Philip Morris International Inc.	+146	2,021	$365,619
ESGV	VANGUARD ESG U.S. STOCK ETF	+118	8,520	$1,126,684
AVDV	Avantis International Small Cap Value ETF	+73	19,338	$1,992,780
GOOGL	Alphabet Inc.	+69	1,928	$689,009
IVV	iShares Core S&P 500 ETF	+66	1,020	$763,867
MA	Mastercard Inc	+64	1,241	$637,377
VOT	VANGUARD MID-CAP GROWTH INDEX FUND	+11	1,789	$547,970
VGT	VANGUARD INFORMATION TECHNOLOGY INDEX FUND	+1	1,281	$153,105
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
JBGS	JBG SMITH Properties	−200,007	20,632	$302,671
DFAC	Dimensional U.S. Core Equity 2 ETF	−70,540	1,348,728	$59,829,574
SCHO	Schwab Short-Term U.S. Treasury ETF	−68,149	1,166,284	$28,154,095
DFIC	Dimensional International Core Equity 2 ETF	−47,474	560,466	$20,882,963
DFSD	Dimensional Short-Duration Fixed Income ETF	−29,709	232,508	$11,102,257
SCHH	Schwab U.S. REIT ETF	−12,024	299,841	$7,100,234
DFEM	Dimensional Emerging Markets Core Equity 2 ETF	−10,221	217,976	$8,858,544
BND	VANGUARD TOTAL BOND MARKET INDEX FUND	−8,431	31,722	$2,328,712
VTEB	VANGUARD TAX-EXEMPT BOND INDEX FUND	−7,136	317,901	$16,079,432
VTES	VANGUARD SHORT-TERM TAX-EXEMPT BOND ETF	−5,586	18,639	$1,888,317
AVUV	Avantis U.S. Small Cap Value ETF	−3,981	40,711	$5,079,104
DFAE	Dimensional Emerging Core Equity Market ETF	−3,573	8,825	$354,853
DFAT	Dimensional U.S. Targeted Value ETF	−1,871	76,992	$5,381,740
DFEV	Dimensional Emerging Markets Value ETF	−1,518	6,076	$259,244
SCHB	Schwab U.S. Broad Market ETF	−1,487	526,727	$15,254,013
DISV	Dimensional International Small Cap Value ETF	−933	20,881	$837,954
EMXC	iShares MSCI Emerging Markets ex China ETF	−590	33,000	$3,375,900
SCHA	Schwab U.S. Small-Cap ETF	−582	48,972	$1,769,358
BAC	Bank Of America Corp	−573	5,810	$331,053
MUB	iShares National Muni Bond ETF	−316	13,649	$1,468,905
VBK	VANGUARD SMALL-CAP GROWTH INDEX FUND	−310	1,330	$486,381
AAPL	Apple Inc.	−300	7,550	$2,184,668
AMZN	Amazon Com Inc	−213	2,141	$510,285
VOO	VANGUARD 500 INDEX FUND	−200	3,196	$2,195,044
BRK-B	Berkshire Hathaway Inc	−123	953	$476,871
No positions match the current search.

New Positions

Positions the filer opened this quarter

4 positions

Ticker	Company	Shares	Value
AVSU	Avantis Responsible U.S. Equity ETF	13,564	$1,200,685
BHRB	Burke & Herbert Financial Services Corp.	8,715	$626,259
AVSD	Avantis Responsible International Equity ETF	5,190	$414,597
IWF	iShares Russell 1000 Growth ETF	433	$53,765
No positions match the current search.

Sold Out

Positions the filer fully exited

15 positions

Ticker	Company	Shares	Value
AUB	Atlantic Union Bankshares Corp	29,123	$1,040,856
CBNK	Capital Bancorp Inc	18,000	$535,320
DFSV	Dimensional US Small Cap Value ETF	9,424	$330,216
SUB	iShares Short-Term National Muni Bond ETF	2,979	$317,263
XOM	ExxonMobil Holdings Corp	1,777	$301,485
ISCG	iShares Morningstar Small-Cap Growth ETF	5,483	$300,468
DFCF	Dimensional Core Fixed Income ETF	6,475	$273,374
DFLV	Dimensional US Large Cap Value ETF	7,095	$253,362
LMT	Lockheed Martin Corp	414	$250,217
NOC	Northrop Grumman Corp	351	$239,466
CVX	Chevron Corp	1,139	$235,659
EFA	iShares MSCI EAFE ETF	2,186	$212,326
RTX	RTX Corp	1,081	$208,524
—		3,361	$201,996
JPM	Jpmorgan Chase & Co	680	$200,028
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

93 tracked positions · $346,698,314 total · filing declares 94 positions · $319,791,735 · as of Jun 30, 2026

All sectors Communication Services Consumer Cyclical Consumer Defensive Financial Services Healthcare Industrials Real Estate Technology

Showing 1–50 of 93 positions by value · page 1 of 2

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	Held (qtrs)	Est. cost/share	% of Portfolio
DFAC	Dimensional U.S. Core Equity 2 ETF	Reduced	1,348,728	-70,540	$59,829,574	+8.5%	17	$29.55	17.26%
VNQ	VANGUARD REAL ESTATE INDEX FUND	Reduced	433,672	-78	$41,818,990	+8.7%	19	before history	12.06%
SCHO	Schwab Short-Term U.S. Treasury ETF	Reduced	1,166,284	-68,149	$28,154,095	−6.0%	19	before history	8.12%
AVUS	Avantis U.S. Equity ETF	Added	188,161	+453	$24,099,660	+15.5%	19	before history	6.95%
DFIC	Dimensional International Core Equity 2 ETF	Reduced	560,466	-47,474	$20,882,963	−3.3%	17	$25.31	6.02%
AVDE	Avantis International Equity ETF	Added	186,437	+730	$16,630,180	+5.6%	19	before history	4.80%
VTEB	VANGUARD TAX-EXEMPT BOND INDEX FUND	Reduced	317,901	-7,136	$16,079,432	−0.8%	19	before history	4.64%
SCHB	Schwab U.S. Broad Market ETF	Reduced	526,727	-1,487	$15,254,013	+15.1%	19	before history	4.40%
AVEM	Avantis Emerging Markets Equity ETF	Added	121,950	+456	$11,766,955	+20.2%	19	before history	3.39%
DFSD	Dimensional Short-Duration Fixed Income ETF	Reduced	232,508	-29,709	$11,102,257	−11.6%	15	$47.42	3.20%
DFEM	Dimensional Emerging Markets Core Equity 2 ETF	Reduced	217,976	-10,221	$8,858,544	+12.4%	16	$25.68	2.56%
SCHH	Schwab U.S. REIT ETF	Reduced	299,841	-12,024	$7,100,234	+5.9%	19	before history	2.05%
DFAT	Dimensional U.S. Targeted Value ETF	Reduced	76,992	-1,871	$5,381,740	+9.3%	17	$44.41	1.55%
AVUV	Avantis U.S. Small Cap Value ETF	Reduced	40,711	-3,981	$5,079,104	+2.9%	19	before history	1.46%
AVSC	Avantis U.S. Small Cap Equity ETF	Held	62,500	0	$4,583,750	+17.7%	11	$45.30	1.32%
VTIP	VANGUARD SHORT-TERM INFLATION-PROTECTED SECURITIES INDEX FUND	Added	78,774	+8,788	$3,956,818	+13.2%	19	before history	1.14%
STIP	iShares 0-5 Year TIPS Bond ETF	Added	33,912	+1,378	$3,464,449	+3.0%	19	before history	1.00%
EMXC	iShares MSCI Emerging Markets ex China ETF	Reduced	33,000	-590	$3,375,900	+27.8%	11	$52.03	0.97%
QQQ	Invesco Qqq Trust, Series 1	Held	3,276	0	$2,412,446	+27.6%	19	before history	0.70%
BND	VANGUARD TOTAL BOND MARKET INDEX FUND	Reduced	31,722	-8,431	$2,328,712	−21.2%	9	$72.93	0.67%
SCHR	Schwab Intermediate-Term U.S. Treasury ETF	Added	92,914	+3,434	$2,291,259	+2.8%	19	before history	0.66%
SCHF	Schwab International Equity ETF	Added	82,405	+264	$2,282,618	+12.3%	19	before history	0.66%
VOO	VANGUARD 500 INDEX FUND	Reduced	3,196	-200	$2,195,044	+8.2%	19	before history	0.63%
AAPL	Apple Inc. Technology	Reduced	7,550	-300	$2,184,668	+9.7%	19	before history	0.63%
AVDV	Avantis International Small Cap Value ETF	Added	19,338	+73	$1,992,780	+3.6%	19	before history	0.57%
SCHE	Schwab Emerging Markets Equity ETF	Added	52,357	+419	$1,898,464	+10.9%	19	before history	0.55%
VTES	VANGUARD SHORT-TERM TAX-EXEMPT BOND ETF	Reduced	18,639	-5,586	$1,888,317	−22.9%	7	$101.07	0.54%
SCHX	Schwab U.S. Large-Cap ETF	Held	62,330	0	$1,834,371	+14.8%	6	$23.45	0.53%
SCHP	Schwab U.S. TIPS ETF	Added	68,868	+818	$1,825,002	+0.8%	19	before history	0.53%
SCHA	Schwab U.S. Small-Cap ETF	Reduced	48,972	-582	$1,769,358	+22.8%	19	before history	0.51%
CDP	Copt Defense Properties Real Estate	Held	42,921	0	$1,561,895	+18.9%	4	$28.74	0.45%
MUB	iShares National Muni Bond ETF	Reduced	13,649	-316	$1,468,905	−0.9%	19	before history	0.42%
SPY	Spdr S&P 500 ETF Trust	Held	1,773	0	$1,324,023	+14.8%	19	before history	0.38%
AVSU	Avantis Responsible U.S. Equity ETF	NEW	13,564	NEW	$1,200,685	NEW	1	$83.74	0.35%
DFAI	Dimensional International Core Equity Market ETF	Added	27,547	+281	$1,136,313	+7.0%	15	$28.67	0.33%
ESGV	VANGUARD ESG U.S. STOCK ETF	Added	8,520	+118	$1,126,684	—	15	unpriced	0.32%
VB	Vanguard Index Funds	Held	3,502	0	$1,061,526	+15.7%	19	before history	0.31%
VTV	VANGUARD VALUE INDEX FUND	Held	4,153	0	$905,063	+11.1%	6	unpriced	0.26%
LLY	ELI LILLY & Co Healthcare	Reduced	710	-20	$851,595	+26.8%	9	$807.49	0.25%
DISV	Dimensional International Small Cap Value ETF	Reduced	20,881	-933	$837,954	−2.6%	15	$24.13	0.24%
MSFT	Microsoft Corp Technology	Reduced	2,128	-73	$793,786	−2.6%	9	$419.96	0.23%
SCHC	Schwab International Small-Cap Equity ETF	Added	15,980	+498	$768,957	+6.3%	19	before history	0.22%
IVV	iShares Core S&P 500 ETF	Added	1,020	+66	$763,867	+22.6%	6	unpriced	0.22%
GOOGL	Alphabet Inc. Communication Services	Added	1,928	+69	$689,009	+28.9%	6	$188.65	0.20%
DHS	WisdomTree U.S. High Dividend Fund	Held	5,762	0	$655,024	+4.1%	19	before history	0.19%
VV	VANGUARD LARGE-CAP INDEX FUND	Held	1,892	0	$650,677	+15.1%	19	before history	0.19%
MA	Mastercard Inc Financial Services	Added	1,241	+64	$637,377	+8.4%	10	$510.92	0.18%
VEU	Vanguard International Equity Index Funds	Held	7,587	0	$635,411	+11.5%	12	$54.11	0.18%
BHRB	Burke & Herbert Financial Services Corp. Financial Services	NEW	8,715	NEW	$626,259	NEW	1	$64.68	0.18%
GOOG	Alphabet Inc. Communication Services	Reduced	1,609	-86	$568,507	+16.9%	6	$191.96	0.16%

Showing the top 50 of 93 positions. Create a free account to see every position, past quarters, search, filters and CSV export.

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.