Passive Capital Management, LLC.

Q3 2025 13F-HR Holdings

Location
Baltimore, MD
Holdings as of
9/30/2025
Date filed
11/12/2025
Form type
13F-HR
Num holdings
88
Total value ($000)
$306,639
Net value change ($000)
-14,718 (-4.6%)
New positions
7
Sold out positions
1
Turnover %
1.7%
Sector allocation + QoQ delta (equities-only)
Prev filing: 8/12/2025 Next filing: 2/5/2026 SEC filing

Snapshot: Change Analysis

Compared to Q2 2025
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
DFAC 5,626 12.6%
DFIC 1,987 12.5%
CDP 1,250 NEW
AVSU 978 NEW
DFEM 939 16.1%
AVUS 851 4.4%
DFSD 770 8.5%
TEEFX 751 NEW
SCHB 623 4.8%
BND 422 23.5%
Top Reduces (Value $000, Stocks/ETFs)
VTEB -15,734 -49.8%
VNQ -5,152 -11.5%
MUB -4,093 -73.8%
DFAT -2,627 -37.0%
AVUV -1,139 -22.0%
NOW -1,137 -100.0%
SCHR -900 -28.1%
VTES -879 -33.4%
SCHC -484 -41.5%
ACVA -259 -41.5%
Instrument mix + QoQ Δ (ex-options)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
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Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type