# EDGAR Filing Document

**Accession Number:** 0001958250
**File Stem:** 0001765380-25-000326
**Filing Date:** 2025-8
**Character Count:** 12154
**Document Hash:** f4e49c718f22aca70027f479f88722b4
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001765380-25-000326.hdr.sgml**: 20250812

**ACCESSION NUMBER**: 0001765380-25-000326

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250812

**DATE AS OF CHANGE**: 20250812

**EFFECTIVENESS DATE**: 20250812

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Passive Capital Management, LLC.
- **CENTRAL INDEX KEY:** 0001958250

**ORGANIZATION NAME:**
- **EIN:** 208005215
- **STATE OF INCORPORATION:** NY
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-23313
- **FILM NUMBER:** 251204156

**BUSINESS ADDRESS:**
- **STREET 1:** 2650 QUARRY LAKE DRIVE
- **STREET 2:** SUITE 100
- **CITY:** BALTIMORE
- **STATE:** MD
- **ZIP:** 21209
- **BUSINESS PHONE:** 443-275-2703

**MAIL ADDRESS:**
- **STREET 1:** 2650 QUARRY LAKE DRIVE
- **STREET 2:** SUITE 100
- **CITY:** BALTIMORE
- **STATE:** MD
- **ZIP:** 21209

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 06-30-2025

**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:** Passive Capital Management LLC.<br>**Address:** 2650 QUARRY LAKE DRIVE<br>SUITE 100<br>BALTIMORE, MD 21209

**Form 13F File Number:** 028-23313

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:** Keith Dwyer<br>**Title:** Chief Compliance Officer<br>**Phone:** 513-977-8196

**Signature, Place, and Date of Signing:**

Keith Dwyer  Cincinnati, OH  08-12-2025<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 0

**Form 13F Information Table Entry Total:** 82

**Form 13F Information Table Value Total:** $321357105

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

**NONE**

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| VANGUARD INDEX FDS | REAL ESTATE ETF | 922908553 |  | 44818692 | 499595 | SH |  | SOLE |  | 0 | 0 | 499595 |
| DIMENSIONAL ETF TRUST | US CORE EQUITY 2 | 25434V708 |  | 44606814 | 1237703 | SH |  | SOLE |  | 0 | 0 | 1237703 |
| VANGUARD MUN BD FDS | TAX EXEMPT BD | 922907746 |  | 31619055 | 646210 | SH |  | SOLE |  | 0 | 0 | 646210 |
| SCHWAB STRATEGIC TR | SHT TM US TRES | 808524862 |  | 27116197 | 1116812 | SH |  | SOLE |  | 0 | 0 | 1116812 |
| AMERICAN CENTURY ETF TR | US EQT ETF | 025072885 |  | 19525198 | 192937 | SH |  | SOLE |  | 0 | 0 | 192937 |
| DIMENSIONAL ETF TRUST | INTL CORE EQUITY | 25434V799 |  | 15921614 | 512608 | SH |  | SOLE |  | 0 | 0 | 512608 |
| AMERICAN CENTURY ETF TR | INTL EQT ETF | 025072703 |  | 14631861 | 197888 | SH |  | SOLE |  | 0 | 0 | 197888 |
| SCHWAB STRATEGIC TR | US BRD MKT ETF | 808524102 |  | 12865151 | 540099 | SH |  | SOLE |  | 0 | 0 | 540099 |
| AMERICAN CENTURY ETF TR | AVANTIS EMGMKT | 025072604 |  | 9104930 | 132648 | SH |  | SOLE |  | 0 | 0 | 132648 |
| DIMENSIONAL ETF TRUST | SHORT DURATION | 25434V864 |  | 9098548 | 189672 | SH |  | SOLE |  | 0 | 0 | 189672 |
| DIMENSIONAL ETF TRUST | US TARGETED VLU | 25434V609 |  | 7105645 | 128609 | SH |  | SOLE |  | 0 | 0 | 128609 |
| DIMENSIONAL ETF TRUST | EMERGING MKTS CO | 25434V732 |  | 5844562 | 196390 | SH |  | SOLE |  | 0 | 0 | 196390 |
| SCHWAB STRATEGIC TR | US REIT ETF | 808524847 |  | 5727015 | 269253 | SH |  | SOLE |  | 0 | 0 | 269253 |
| iSHARES TR | NATIONAL MUN ETF | 464288414 |  | 5544733 | 53166 | SH |  | SOLE |  | 0 | 0 | 53166 |
| AMERICAN CENTURY ETF TR | US SML CP VALU | 025072877 |  | 5181497 | 55721 | SH |  | SOLE |  | 0 | 0 | 55721 |
| VANGUARD MALVERN FDS | STRM INFPROIDX | 922020805 |  | 3926409 | 78820 | SH |  | SOLE |  | 0 | 0 | 78820 |
| iSHARES TR | 0-5 YR TIPS ETF | 46429B747 |  | 3313028 | 33338 | SH |  | SOLE |  | 0 | 0 | 33338 |
| AMERICAN CENTURY ETF TR | AVANTIS US SMALL | 025072323 |  | 3295625 | 62500 | SH |  | SOLE |  | 0 | 0 | 62500 |
| SCHWAB STRATEGIC TR | INT-TRM US TRES | 808524854 |  | 3204037 | 128676 | SH |  | SOLE |  | 0 | 0 | 128676 |
| VANGUARD WELLINGTON FD | SHORT TRM TAX EX | 921935870 |  | 2633193 | 26131 | SH |  | SOLE |  | 0 | 0 | 26131 |
| iSHARES INC | MSCI EMRG CHN | 46434G764 |  | 2088240 | 33000 | SH |  | SOLE |  | 0 | 0 | 33000 |
| VANGUARD INDEX FDS | S 500 ETF SHS | 922908363 |  | 2071793 | 3649 | SH |  | SOLE |  | 0 | 0 | 3649 |
| SCHWAB STRATEGIC TR | INTL EQTY ETF | 808524805 |  | 2000554 | 90646 | SH |  | SOLE |  | 0 | 0 | 90646 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 1830229 | 3346 | SH |  | SOLE |  | 0 | 0 | 3346 |
| SCHWAB STRATEGIC TR | US TIPS ETF | 808524870 |  | 1802193 | 67828 | SH |  | SOLE |  | 0 | 0 | 67828 |
| VANGUARD BD INDEX FDS | TOTAL BND MRKT | 921937835 |  | 1796138 | 24491 | SH |  | SOLE |  | 0 | 0 | 24491 |
| SCHWAB STRATEGIC TR | EMRG MKTEQ ETF | 808524706 |  | 1651216 | 54586 | SH |  | SOLE |  | 0 | 0 | 54586 |
| APPLE INC | COM | 037833100 |  | 1521867 | 7323 | SH |  | SOLE |  | 0 | 0 | 7323 |
| AMERICAN CENTURY ETF TR | INTL SMCP VLU | 025072802 |  | 1518319 | 19137 | SH |  | SOLE |  | 0 | 0 | 19137 |
| SCHWAB STRATEGIC TR | US LARGE CAP ETF | 808524201 |  | 1447211 | 59166 | SH |  | SOLE |  | 0 | 0 | 59166 |
| SCHWAB STRATEGIC TR | US SML CAP ETF | 808524607 |  | 1361833 | 53301 | SH |  | SOLE |  | 0 | 0 | 53301 |
| VANGUARD INDEX FDS | GROWTH ETF | 922908736 |  | 1286653 | 2965 | SH |  | SOLE |  | 0 | 0 | 2965 |
| SCHWAB STRATEGIC TR | INTL SCEQT ETF | 808524888 |  | 1164548 | 27433 | SH |  | SOLE |  | 0 | 0 | 27433 |
| SERVICENOW INC | COM | 81762P102 |  | 1137364 | 1124 | SH |  | SOLE |  | 0 | 0 | 1124 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 1110487 | 1798 | SH |  | SOLE |  | 0 | 0 | 1798 |
| MICROSOFT CORP | COM | 594918104 |  | 1021496 | 2076 | SH |  | SOLE |  | 0 | 0 | 2076 |
| DIMENSIONAL ETF TRUST | INTL CORE EQT MK | 25434V203 |  | 998657 | 28921 | SH |  | SOLE |  | 0 | 0 | 28921 |
| VANGUARD WORLD FD | ESG US STK ETF | 921910733 |  | 893385 | 8161 | SH |  | SOLE |  | 0 | 0 | 8161 |
| VANGUARD INDEX FDS | SMALL CP ETF | 922908751 |  | 871562 | 3640 | SH |  | SOLE |  | 0 | 0 | 3640 |
| VANGUARD WORLD FD | INF TECH ETF | 92204A702 |  | 788384 | 1201 | SH |  | SOLE |  | 0 | 0 | 1201 |
| VANGUARD INDEX FDS | VALUE ETF | 922908744 |  | 756337 | 4236 | SH |  | SOLE |  | 0 | 0 | 4236 |
| MASTERCARD INC | COM | 57636Q104 |  | 700681 | 1241 | SH |  | SOLE |  | 0 | 0 | 1241 |
| DIMENSIONAL ETF TRUST | INTL SMALL CAP V | 25434V781 |  | 686776 | 20881 | SH |  | SOLE |  | 0 | 0 | 20881 |
| iSHARES TR | CORE S 500 ETF | 464287200 |  | 633083 | 1020 | SH |  | SOLE |  | 0 | 0 | 1020 |
| ACV AUCTIONS INC | COM CL A | 00091G104 |  | 624460 | 37892 | SH |  | SOLE |  | 0 | 0 | 37892 |
| LOWES COS INC | COM | 548661107 |  | 592178 | 2590 | SH |  | SOLE |  | 0 | 0 | 2590 |
| MCDONALDS CORP | COM | 580135101 |  | 577726 | 1942 | SH |  | SOLE |  | 0 | 0 | 1942 |
| WISDOMTREE TR | US HiGH DIVIDEND | 97717W208 |  | 560931 | 5762 | SH |  | SOLE |  | 0 | 0 | 5762 |
| ELI LILLY  CO | COM | 532457108 |  | 553217 | 713 | SH |  | SOLE |  | 0 | 0 | 713 |
| VANGUARD INDEX FDS | LARGE CAP ETF | 922908637 |  | 539315 | 1892 | SH |  | SOLE |  | 0 | 0 | 1892 |
| BURKE HERBERT FINANCIAL SERVICES CORP | COM | 12135Y108 |  | 533271 | 8715 | SH |  | SOLE |  | 0 | 0 | 8715 |
| PROCTER  GAMBLE CO | COM | 742718109 |  | 510906 | 3169 | SH |  | SOLE |  | 0 | 0 | 3169 |
| RYDER SYS INC | COM | 783549108 |  | 510534 | 3027 | SH |  | SOLE |  | 0 | 0 | 3027 |
| VANGUARD INTL EQUITY INDEX FDS | ALLWRLD EX US | 922042775 |  | 510074 | 7587 | SH |  | SOLE |  | 0 | 0 | 7587 |
| VANGUARD INDEX FDS | MCAP GR IDXVIP | 922908538 |  | 506287 | 1789 | SH |  | SOLE |  | 0 | 0 | 1789 |
| AMAZON.COM | COM | 023135406 |  | 467375 | 2120 | SH |  | SOLE |  | 0 | 0 | 2120 |
| BERKSHIRE HATHAWAY INC | CL B | 084670702 |  | 466598 | 953 | SH |  | SOLE |  | 0 | 0 | 953 |
| VANGUARD WHITEHALL FDS | HIGH DIV YLD | 921946406 |  | 447547 | 3326 | SH |  | SOLE |  | 0 | 0 | 3326 |
| DIMENSIONAL ETF TRUST | INTERNATIONAL VALUE | 25434V807 |  | 435229 | 10150 | SH |  | SOLE |  | 0 | 0 | 10150 |
| DIMENSIONAL ETF TRUST | US SUSTAINABILITY | 25434V716 |  | 427140 | 10800 | SH |  | SOLE |  | 0 | 0 | 10800 |
| DIMENSIONAL ETF TRUST | INTERNATIONAL | 25434V690 |  | 420938 | 10700 | SH |  | SOLE |  | 0 | 0 | 10700 |
| VANGUARD WORLD FD | ESG INTL STK ETF | 921910725 |  | 410751 | 6271 | SH |  | SOLE |  | 0 | 0 | 6271 |
| VANGUARD ADMIRAL FDS INC | MIDCP 400 VAL | 921932844 |  | 391016 | 4026 | SH |  | SOLE |  | 0 | 0 | 4026 |
| VANGUARD INDEX FDS | SML CP GRW ETF | 922908595 |  | 367758 | 1330 | SH |  | SOLE |  | 0 | 0 | 1330 |
| CAPTIAL ONE FINL CORP | COM | 14040H105 |  | 353110 | 1641 | SH |  | SOLE |  | 0 | 0 | 1641 |
| iSHARES | IBONDS DEC 28 | 46435U325 |  | 350182 | 13803 | SH |  | SOLE |  | 0 | 0 | 13803 |
| PHILIP MORRIS INTL INC | COM | 718172109 |  | 344586 | 1941 | SH |  | SOLE |  | 0 | 0 | 1941 |
| iSHARES TR | SELECT DIVID ETF | 464287168 |  | 338400 | 2500 | SH |  | SOLE |  | 0 | 0 | 2500 |
| WISDOMTREE TR | ITL HIGH DIV FD | 97717W802 |  | 336885 | 7270 | SH |  | SOLE |  | 0 | 0 | 7270 |
| ALPHABET INC. | COM | 02079K305 |  | 335857 | 1910 | SH |  | SOLE |  | 0 | 0 | 1910 |
| iSHARES | IBONDS DEC 2031 | 46436E486 |  | 316629 | 15128 | SH |  | SOLE |  | 0 | 0 | 15128 |
| iSHARES | IBONDS DEC 2030 | 46436E593 |  | 314357 | 15941 | SH |  | SOLE |  | 0 | 0 | 15941 |
| FEDERAL REALTY INVT TR | SH BEN INT NEW | 313745101 |  | 300813 | 3193 | SH |  | SOLE |  | 0 | 0 | 3193 |
| BANK OF AMERICA CORP | COM | 060505104 |  | 279752 | 5810 | SH |  | SOLE |  | 0 | 0 | 5810 |
| iSHARES TR | CORE S TTL STK | 464287150 |  | 276480 | 2048 | SH |  | SOLE |  | 0 | 0 | 2048 |
| VANGUARD INDEX FDS | HEALTH CAR ETF | 92204A504 |  | 267100 | 1063 | SH |  | SOLE |  | 0 | 0 | 1063 |
| ALPHABET INC. | COM | 02079K107 |  | 260412 | 1472 | SH |  | SOLE |  | 0 | 0 | 1472 |
| VANGUARD INDEX FDS | SM CAP VAL ETF | 922908611 |  | 260127 | 1310 | SH |  | SOLE |  | 0 | 0 | 1310 |
| DIMENSIONAL ETF TRUST | EMGR CRE EQT MKT | 25434V302 |  | 252027 | 8685 | SH |  | SOLE |  | 0 | 0 | 8685 |
| VANGUARD INDEX FDS | EXTENDED MKT ETF | 922908652 |  | 250686 | 1295 | SH |  | SOLE |  | 0 | 0 | 1295 |
| VANGUARD INDEX FDS | MID CAP ETF | 922908629 |  | 233305 | 829 | SH |  | SOLE |  | 0 | 0 | 829 |
| JOHNSON AND JOHNSON | COM | 478160104 |  | 210336 | 1349 | SH |  | SOLE |  | 0 | 0 | 1349 |

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