# EDGAR Filing Document

**Accession Number:** 0001958250
**File Stem:** 0001765380-26-000213
**Filing Date:** 2026-5
**Character Count:** 16138
**Document Hash:** 8c6f0156429ee59116384453963afbee
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001765380-26-000213.hdr.sgml**: 20260514

**ACCESSION NUMBER**: 0001765380-26-000213

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260514

**DATE AS OF CHANGE**: 20260514

**EFFECTIVENESS DATE**: 20260514

**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:** 26976950

**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:** 03-31-2026

**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

**CRD Number (if applicable):** 000142870

**SEC File Number (if applicable):** 801-68774

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@dinsmorecomplianceservices.com<br>**Title:** Chief Compliance Officer<br>**Phone:** 513-977-8196

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

Keith Dwyer  Cincinnati, OH  05-14-2026<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:** 104

**Form 13F Information Table Value Total:** $334936067

      (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 |
| Dimensional US Core Equity 2 ETF | US CORE EQUITY 2 | 25434V708 |  | 55152746 | 1419268 | SH |  | SOLE |  | 0 | 0 | 1419268 |
| Vanguard Real Estate Index Fund ETF Shares | REAL ESTATE ETF | 922908553 |  | 38473642 | 433750 | SH |  | SOLE |  | 0 | 0 | 433750 |
| Schwab Short-Term U.S. Treasury ETF | SHT TM US TRES | 808524862 |  | 29959685 | 1234433 | SH |  | SOLE |  | 0 | 0 | 1234433 |
| DIMENSIONAL ETF TR INTL CORE EQUITY | INTL CORE EQUITY | 25434V799 |  | 21600095 | 607940 | SH |  | SOLE |  | 0 | 0 | 607940 |
| Avantis U.S. Equity ETF | US EQT ETF | 025072885 |  | 20869383 | 187708 | SH |  | SOLE |  | 0 | 0 | 187708 |
| Vanguard Tax-Exempt Bond Index Fund ETF Shares | TAX EXEMPT BD | 922907746 |  | 16216071 | 325037 | SH |  | SOLE |  | 0 | 0 | 325037 |
| Avantis International Equity ETF | INTL EQT ETF | 025072703 |  | 15755418 | 185707 | SH |  | SOLE |  | 0 | 0 | 185707 |
| Schwab U.S. Broad Market ETF | US BRD MKT ETF | 808524102 |  | 13258170 | 528214 | SH |  | SOLE |  | 0 | 0 | 528214 |
| DIMENSIONAL ETF TR SHORT DURAT ION FIXED INCOME | SHORT DURATION | 25434V864 |  | 12554929 | 262217 | SH |  | SOLE |  | 0 | 0 | 262217 |
| Avantis Emerging Markets Equity ETF | AVANTIS EMGMKT | 025072604 |  | 9789987 | 121494 | SH |  | SOLE |  | 0 | 0 | 121494 |
| DIMENSIONAL EMERG MARK CRE EQY 2 ETF | EMERGING MKTS CO | 25434V732 |  | 7884218 | 228197 | SH |  | SOLE |  | 0 | 0 | 228197 |
| Schwab U.S. REIT ETF | US REIT ETF | 808524847 |  | 6701988 | 311865 | SH |  | SOLE |  | 0 | 0 | 311865 |
| Avantis U.S. Small Cap Value ETF | US SML CP VALU | 025072877 |  | 4937150 | 44692 | SH |  | SOLE |  | 0 | 0 | 44692 |
| DIMENSIONAL ETF TRUST US TARGETED VLU | US TARGETED VLU | 25434V609 |  | 4925012 | 78863 | SH |  | SOLE |  | 0 | 0 | 78863 |
| AMERICAN CENTURY ETF TRUST AVANTIS U S SMALL CAP EQUITY ETF | U.S. SML CP EQUITY | 025072323 |  | 3893750 | 62500 | SH |  | SOLE |  | 0 | 0 | 62500 |
| Vanguard Short-Term Inflation-Protected Securities Index Fund ETF Shares | STRM INFPROIDX | 922020805 |  | 3495799 | 69986 | SH |  | SOLE |  | 0 | 0 | 69986 |
| iShares 0-5 Year TIPS Bond ETF | 0-5 YR TIPS ETF | 46429B747 |  | 3364992 | 32534 | SH |  | SOLE |  | 0 | 0 | 32534 |
| JBG SMITH Properties | COM | 46590V100 |  | 3223535 | 220639 | SH |  | SOLE |  | 0 | 0 | 220639 |
| Vanguard Total Bond Market Index Fund ETF Shares | TOTAL BND MRKT | 921937835 |  | 2956877 | 40153 | SH |  | SOLE |  | 0 | 0 | 40153 |
| iShares MSCI Emerging Markets ex China ETF | MSCI EMRG CHN | 46434G764 |  | 2642189 | 33590 | SH |  | SOLE |  | 0 | 0 | 33590 |
| VANGUARD WELLINGTON FD VANGUARD SHORT TERM TAX EXEMPT BOND ETF | SHORT TRM TAX EX | 921935870 |  | 2450103 | 24225 | SH |  | SOLE |  | 0 | 0 | 24225 |
| Schwab Intermediate-Term U.S. Treasury ETF | INT-TRM US TRES | 808524854 |  | 2228953 | 89480 | SH |  | SOLE |  | 0 | 0 | 89480 |
| Schwab International Equity ETF | INTL EQTY ETF | 808524805 |  | 2032981 | 82141 | SH |  | SOLE |  | 0 | 0 | 82141 |
| Vanguard S 500 ETF | S 500 ETF SHS | 922908363 |  | 2029280 | 3396 | SH |  | SOLE |  | 0 | 0 | 3396 |
| Apple Inc | COM | 037833100 |  | 1992256 | 7850 | SH |  | SOLE |  | 0 | 0 | 7850 |
| Avantis International Small Cap Value ETF | INTL SMCP VLU | 025072802 |  | 1923833 | 19265 | SH |  | SOLE |  | 0 | 0 | 19265 |
| Invesco QQQ Trust | UNIT SER 1 | 46090E103 |  | 1890842 | 3276 | SH |  | SOLE |  | 0 | 0 | 3276 |
| Schwab U.S. TIPS ETF | US TIPS ETF | 808524870 |  | 1810812 | 68050 | SH |  | SOLE |  | 0 | 0 | 68050 |
| Schwab Emerging Markets Equity ETF | EMRG MKTEQ ETF | 808524706 |  | 1711360 | 51938 | SH |  | SOLE |  | 0 | 0 | 51938 |
| Schwab U.S. Large-Cap ETF | US LARGE CAP ETF | 808524201 |  | 1598153 | 62330 | SH |  | SOLE |  | 0 | 0 | 62330 |
| iShares National Muni Bond ETF | NATIONAL MUN ETF | 464288414 |  | 1482356 | 13965 | SH |  | SOLE |  | 0 | 0 | 13965 |
| Schwab U.S. Small-Cap ETF | US SML CAP ETF | 808524607 |  | 1441019 | 49554 | SH |  | SOLE |  | 0 | 0 | 49554 |
| Vanguard Growth Index Fund ETF Shares | GROWTH ETF | 922908736 |  | 1345245 | 3080 | SH |  | SOLE |  | 0 | 0 | 3080 |
| Corporate Office Properties Trust | COM | 22002T108 |  | 1313383 | 42921 | SH |  | SOLE |  | 0 | 0 | 42921 |
| SPDR S 500 ETF Trust | TR UNIT | 78462F103 |  | 1153002 | 1773 | SH |  | SOLE |  | 0 | 0 | 1773 |
| DFA Dimensional International Core Equity Market | INTL CORE EQT MK | 25434V203 |  | 1062291 | 27266 | SH |  | SOLE |  | 0 | 0 | 27266 |
| Atlantic Union Bankshares Corporation | COM | 04911A107 |  | 1040856 | 29123 | SH |  | SOLE |  | 0 | 0 | 29123 |
| Vanguard ESG U.S. Stock ETF | ESG US STK ETF | 921910733 |  | 943293 | 8402 | SH |  | SOLE |  | 0 | 0 | 8402 |
| Vanguard Small-Cap Index Fund ETF Shares | ESG US STK ETF | 922908751 |  | 917244 | 3502 | SH |  | SOLE |  | 0 | 0 | 3502 |
| Vanguard Information Technology Index Fund ETF Shares | INF TECH ETF | 92204A702 |  | 893082 | 1280 | SH |  | SOLE |  | 0 | 0 | 1280 |
| DIMENSIONAL INTERN SMALL CAP VL ETF | INTL SMALL CAP V | 25434V781 |  | 860344 | 21814 | SH |  | SOLE |  | 0 | 0 | 21814 |
| Vanguard Value Index Fund ETF Shares | VALUE ETF | 922908744 |  | 814771 | 4153 | SH |  | SOLE |  | 0 | 0 | 4153 |
| Microsoft Corporation | COM | 594918104 |  | 814744 | 2201 | SH |  | SOLE |  | 0 | 0 | 2201 |
| Schwab International Small-Cap Equity ETF | INTL SCEQT ETF | 808524888 |  | 723622 | 15482 | SH |  | SOLE |  | 0 | 0 | 15482 |
| Eli Lilly and Company | COM | 532457108 |  | 671432 | 730 | SH |  | SOLE |  | 0 | 0 | 730 |
| WisdomTree U.S. High Dividend Fund | US HiGH DIVIDEND | 97717W208 |  | 629326 | 5762 | SH |  | SOLE |  | 0 | 0 | 5762 |
| iShares Core S 500 ETF | CORE S 500 ETF | 464287200 |  | 623162 | 954 | SH |  | SOLE |  | 0 | 0 | 954 |
| Mastercard Incorporated | COM | 57636Q104 |  | 588100 | 1177 | SH |  | SOLE |  | 0 | 0 | 1177 |
| McDonald's Corporation | COM | 580135101 |  | 580245 | 1867 | SH |  | SOLE |  | 0 | 0 | 1867 |
| Lowe's Companies Inc | COM | 548661107 |  | 575578 | 2436 | SH |  | SOLE |  | 0 | 0 | 2436 |
| Vanguard FTSE All-World ex-US Index Fund ETF | ALLWRLD EX US | 922042775 |  | 569784 | 7587 | SH |  | SOLE |  | 0 | 0 | 7587 |
| Vanguard Large-Cap Index Fund ETF Shares | LARGE CAP ETF | 922908637 |  | 565424 | 1892 | SH |  | SOLE |  | 0 | 0 | 1892 |
| DIMENSIONAL ETF TRUST INTERNATNAL VAL | INTERNATIONAL VALUE | 25434V807 |  | 543213 | 10292 | SH |  | SOLE |  | 0 | 0 | 10292 |
| Capital Bancorp Inc | COM | 139737100 |  | 535320 | 18000 | SH |  | SOLE |  | 0 | 0 | 18000 |
| Alphabet Inc | COM | 02079K305 |  | 534582 | 1859 | SH |  | SOLE |  | 0 | 0 | 1859 |
| Berkshire Hathaway Inc. Class B | CL B | 084670702 |  | 515619 | 1076 | SH |  | SOLE |  | 0 | 0 | 1076 |
| Alarm.com Holdings Inc | COM | 011642105 |  | 515170 | 11928 | SH |  | SOLE |  | 0 | 0 | 11928 |
| Vanguard Small-Cap Growth Index Fund ETF Shares | SML CP GRW ETF | 922908595 |  | 495690 | 1640 | SH |  | SOLE |  | 0 | 0 | 1640 |
| Vanguard High Dividend Yield Index Fund ETF Shares | HIGH DIV YLD | 921946406 |  | 492581 | 3326 | SH |  | SOLE |  | 0 | 0 | 3326 |
| Amazon.com Inc | COM | 023135106 |  | 490268 | 2354 | SH |  | SOLE |  | 0 | 0 | 2354 |
| Vanguard ESG International Stock ETF | ESG INTL STK ETF | 921910725 |  | 487190 | 6792 | SH |  | SOLE |  | 0 | 0 | 6792 |
| Alphabet Inc | COM | 02079K107 |  | 486228 | 1695 | SH |  | SOLE |  | 0 | 0 | 1695 |
| The Procter  Gamble Company | COM | 742718109 |  | 469863 | 3253 | SH |  | SOLE |  | 0 | 0 | 3253 |
| Vanguard Mid-Cap Growth Index Fund ETF Shares | MCAP GR IDXVIP | 922908538 |  | 457568 | 1778 | SH |  | SOLE |  | 0 | 0 | 1778 |
| DIMENSIONAL ETF TRUST INTERNATIONAL | INTERNATIONAL | 25434V690 |  | 453680 | 10700 | SH |  | SOLE |  | 0 | 0 | 10700 |
| DIMENSIONAL ETF TRUST US SUSTAINABILTY | US SUSTAINABILITY | 25434V716 |  | 443772 | 10800 | SH |  | SOLE |  | 0 | 0 | 10800 |
| VANGUARD INSTL INDEX FD VANGUARD 0 3 MONTH TREASURY BILL ETF | 0 3 MONTH TREASURY BILL | 922040845 |  | 421824 | 5576 | SH |  | SOLE |  | 0 | 0 | 5576 |
| DFA Dimensional Emerging Core Equity Market ETF | EMGR CRE EQT MKT | 25434V302 |  | 419783 | 12398 | SH |  | SOLE |  | 0 | 0 | 12398 |
| Vanguard S Mid-Cap 400 Value Index Fund ETF Shares | MIDCP 400 VAL | 921932844 |  | 410451 | 4026 | SH |  | SOLE |  | 0 | 0 | 4026 |
| WisdomTree International High Dividend Fund | ITL HIGH DIV FD | 97717W802 |  | 393234 | 7270 | SH |  | SOLE |  | 0 | 0 | 7270 |
| iShares Select Dividend ETF | SELECT DIVID ETF | 464287168 |  | 378525 | 2500 | SH |  | SOLE |  | 0 | 0 | 2500 |
| Caterpillar Inc | COM | 149123101 |  | 367691 | 519 | SH |  | SOLE |  | 0 | 0 | 519 |
| iShares iBonds Dec 2028 Term Muni Bond ETF | IBONDS DEC 28 | 46435U325 |  | 352391 | 13803 | SH |  | SOLE |  | 0 | 0 | 13803 |
| Johnson  Johnson | COM | 478160104 |  | 343194 | 1404 | SH |  | SOLE |  | 0 | 0 | 1404 |
| FEDERAL REALTY INVT TR REIT | SH BEN INT NEW | 313745101 |  | 339129 | 3193 | SH |  | SOLE |  | 0 | 0 | 3193 |
| DIMENSIONAL US SMALL CAP VALU ETF | US SMALL CAP VAL | 25434V815 |  | 330217 | 9424 | SH |  | SOLE |  | 0 | 0 | 9424 |
| ISHARES TRUST IBONDS DEC 2031 TERM CORPORATE ETF | IBONDS DEC 2031 | 46436E486 |  | 328999 | 15719 | SH |  | SOLE |  | 0 | 0 | 15719 |
| iShares Short-Term National Muni Bond ETF | SHRT NAT MUN ETF | 464288158 |  | 317264 | 2979 | SH |  | SOLE |  | 0 | 0 | 2979 |
| ISHARES TRUST ISHARES IBONDS DEC 2030 TERM TREASURY ETF | IBONDS DEC 2030 | 46436E593 |  | 314357 | 15941 | SH |  | SOLE |  | 0 | 0 | 15941 |
| Ryder System Inc | COM | 783549108 |  | 313411 | 1531 | SH |  | SOLE |  | 0 | 0 | 1531 |
| Bank of America Corporation | COM | 060505104 |  | 311171 | 6383 | SH |  | SOLE |  | 0 | 0 | 6383 |
| Philip Morris International Inc | COM | 718172109 |  | 310013 | 1875 | SH |  | SOLE |  | 0 | 0 | 1875 |
| Exxon Mobil Corporation | COM | 30231G102 |  | 301486 | 1777 | SH |  | SOLE |  | 0 | 0 | 1777 |
| iShares Morningstar Small-Cap Growth ETF | MRGSTR SM CP GR | 464288604 |  | 300468 | 5483 | SH |  | SOLE |  | 0 | 0 | 5483 |
| iShares Core S Total U.S. Stock Market ETF | CORE S TTL STK | 464287150 |  | 291697 | 2048 | SH |  | SOLE |  | 0 | 0 | 2048 |
| Vanguard Health Care Index Fund ETF Shares | HEALTH CAR ETF | 92204A504 |  | 289487 | 1063 | SH |  | SOLE |  | 0 | 0 | 1063 |
| Vanguard Small-Cap Value Index Fund ETF Shares | SM CAP VAL ETF | 922908611 |  | 284598 | 1310 | SH |  | SOLE |  | 0 | 0 | 1310 |
| Capital One Financial Corporation | COM | 14040H105 |  | 281307 | 1542 | SH |  | SOLE |  | 0 | 0 | 1542 |
| DFA Dimensional Core Fixed Income ETF | CORE FIXED INCOM | 25434V872 |  | 273375 | 6475 | SH |  | SOLE |  | 0 | 0 | 6475 |
| DIMENSIONAL EMERGING MARKTS VALUE ETF | VALUE ETF | 25434V740 |  | 271713 | 7594 | SH |  | SOLE |  | 0 | 0 | 7594 |
| Vanguard Extended Market Index Fund ETF Shares | EXTENDED MKT ETF | 922908652 |  | 266511 | 1295 | SH |  | SOLE |  | 0 | 0 | 1295 |
| DIMENSIONAL ETF TRUST DIMENSIONAL US LARGE CAP VALUE ETF | US LARGE CAP VAL | 25434V666 |  | 253362 | 7095 | SH |  | SOLE |  | 0 | 0 | 7095 |
| Lockheed Martin Corporation | COM | 539830109 |  | 250217 | 414 | SH |  | SOLE |  | 0 | 0 | 414 |
| Northrop Grumman Corporation | COM | 666807102 |  | 239257 | 351 | SH |  | SOLE |  | 0 | 0 | 351 |
| Vanguard Mid-Cap Index Fund ETF | MID CAP ETF | 922908629 |  | 238072 | 829 | SH |  | SOLE |  | 0 | 0 | 829 |
| Chevron Corporation | COM | 166764100 |  | 235659 | 1139 | SH |  | SOLE |  | 0 | 0 | 1139 |
| iShares MSCI EAFE ETF | MSCI EAFE ETF | 464287465 |  | 212326 | 2186 | SH |  | SOLE |  | 0 | 0 | 2186 |
| Vanguard S Small-Cap 600 Value Index Fund ETF Shares | SMALL CP 600 VALUE | 921932778 |  | 209381 | 2058 | SH |  | SOLE |  | 0 | 0 | 2058 |
| iShares Nasdaq Biotechnology ETF | NASDAQ BIOTECH | 464287556 |  | 209036 | 1238 | SH |  | SOLE |  | 0 | 0 | 1238 |
| Raytheon Technologies Corporation | COM | 75513E101 |  | 208525 | 1081 | SH |  | SOLE |  | 0 | 0 | 1081 |
| iShares Russell 3000 ETF | RUSSELL 3000 ETF | 464287689 |  | 207951 | 561 | SH |  | SOLE |  | 0 | 0 | 561 |
| Truist Financial Corp | COM | 89832Q109 |  | 204704 | 4453 | SH |  | SOLE |  | 0 | 0 | 4453 |
| WisdomTree Emerging Markets SmallCap Dividend Fund | EMG MKTS SMCAP | 97717W281 |  | 201996 | 3361 | SH |  | SOLE |  | 0 | 0 | 3361 |
| JP Morgan Chase  Co. | COM | 46625H100 |  | 200029 | 680 | SH |  | SOLE |  | 0 | 0 | 680 |

---