Passive Capital Management 13F-HR Quarterly holdings report by institutional manager

The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE

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COLUMN 1	COLUMN 2	COLUMN 3	COLUMN 4	COLUMN 5			COLUMN 6	COLUMN 7	COLUMN 8
			VALUE	SHRS OR	SH/	PUT/	INVESTMENT	OTHER	VOTING AUTHORITY
NAME OF ISSUER	TITLE OF CLASS	CUSIP	(x$1000)	PRN AMT	PRN	CALL	DISCRETION	MANAGER	SOLE	SHARED	NONE
AMERICAN CENTY ETF TR	AVANTIS EMGMKT	025072604	2,424,174	40,894	SH		SOLE		40,894	0	0
AMERICAN CENTY ETF TR	INTL EQT ETF	025072703	6,593,487	109,277	SH		SOLE		109,277	0	0
AMERICAN CENTY ETF TR	US EQT ETF	025072885	3,813,597	49,463	SH		SOLE		49,463	0	0
AMERICAN CENTY ETF TR	INTL SMCP VLU	025072802	2,200,213	35,158	SH		SOLE		35,158	0	0
AMERICAN CENTY ETF TR	US SML CP VALU	025072877	4,113,113	51,504	SH		SOLE		51,504	0	0
APPLE INC	COM	037833100	537,802	3,080	SH		SOLE		3,080	0	0
BK OF AMERICA CORP	COM	060505104	239,488	5,810	SH		SOLE		5,810	0	0
CHEVRON CORP NEW	COM	166764100	479,372	2,944	SH		SOLE		2,944	0	0
CSX CORP	COM	126408103	224,475	5,994	SH		SOLE		5,994	0	0
FLEXSHARES TR	IBOXX 3R TARGT	33939L506	708,255	27,335	SH		SOLE		27,335	0	0
INTERNATIONAL BUSINESS MACHS	COM	459200101	256,920	1,976	SH		SOLE		1,976	0	0
INVESCO QQQ TR	UNIT SER 1	46090E103	978,858	2,700	SH		SOLE		2,700	0	0
ISHARES TR	1 3 YR TREAS BD	464287457	780,664	9,366	SH		SOLE		9,366	0	0
ISHARES TR	0-5 YR TIPS ETF	46429B747	471,915	4,497	SH		SOLE		4,497	0	0
ISHARES TR	MSCI EAFE ETF	464287465	363,363	4,937	SH		SOLE		4,937	0	0
ISHARES TR	NATIONAL MUN ETF	464288414	6,177,652	56,345	SH		SOLE		56,345	0	0
ISHARES TR	RUS 1000 GRW ETF	464287614	392,846	1,415	SH		SOLE		1,415	0	0
ISHARES TR	RUS MID CAP ETF	464287499	302,093	3,871	SH		SOLE		3,871	0	0
ISHARES TR	CORE S&P500 ETF	464287200	487,717	1,075	SH		SOLE		1,075	0	0
JBG SMITH PPTYS	COM	46590V100	3,134,841	107,284	SH		SOLE		107,284	0	0
JPMORGAN CHASE & CO	COM	46625H100	2,742,349	20,117	SH		SOLE		20,117	0	0
LOWES COS INC	COM	548661107	865,575	4,281	SH		SOLE		4,281	0	0
PROCTER AND GAMBLE CO	COM	742718109	412,254	2,698	SH		SOLE		2,698	0	0
PROLOGIS INC.	COM	74340W103	339,108	2,100	SH		SOLE		2,100	0	0
RYDER SYS INC	COM	783549108	240,132	3,027	SH		SOLE		3,027	0	0
SCHWAB STRATEGIC TR	EMRG MKTEQ ETF	808524706	1,405,036	50,595	SH		SOLE		50,595	0	0
SCHWAB STRATEGIC TR	INTL SCEQT ETF	808524888	985,092	25,944	SH		SOLE		25,944	0	0
SCHWAB STRATEGIC TR	SHT TM US TRES	808524862	20,731,151	418,473	SH		SOLE		418,473	0	0
SCHWAB STRATEGIC TR	US BRD MKT ETF	808524102	10,997,243	205,979	SH		SOLE		205,979	0	0
SCHWAB STRATEGIC TR	US REIT ETF	808524847	3,211,012	129,008	SH		SOLE		129,008	0	0
SCHWAB STRATEGIC TR	INTL EQTY ETF	808524805	1,971,390	53,687	SH		SOLE		53,687	0	0
SCHWAB STRATEGIC TR	US SML CAP ETF	808524607	1,195,190	25,236	SH		SOLE		25,236	0	0
SCHWAB STRATEGIC TR	US TIPS ETF	808524870	5,426,127	89,378	SH		SOLE		89,378	0	0
SCHWAB STRATEGIC TR	INTRM TRM TRES	808524854	4,172,329	78,354	SH		SOLE		78,354	0	0
SERVICENOW INC	COM	81762P102	3,224,950	5,791	SH		SOLE		5,791	0	0
SPDR S&P 500 ETF TR	TR UNIT	78462F103	767,301	1,699	SH		SOLE		1,699	0	0
VANGUARD INDEX FDS	REAL ESTATE ETF	922908553	50,485,819	465,865	SH		SOLE		465,865	0	0
VANGUARD INDEX FDS	SMALL CP ETF	922908751	1,431,535	6,736	SH		SOLE		6,736	0	0
VANGUARD INDEX FDS	LARGE CAP ETF	922908637	359,437	1,724	SH		SOLE		1,724	0	0
VANGUARD INDEX FDS	S&P 500 ETF SHS	922908363	320,926	773	SH		SOLE		773	0	0
VANGUARD INDEX FDS	MID CAP ETF	922908629	386,252	1,624	SH		SOLE		1,624	0	0
VANGUARD MALVERN FDS	STRM INFPROIDX	922020805	3,872,398	75,618	SH		SOLE		75,618	0	0
VANGUARD MUN BD FDS	TAX EXEMPT BD	922907746	34,928,736	677,570	SH		SOLE		677,570	0	0
WISDOMTREE TR	ITL HIGH DIV FD	97717W802	305,831	7,690	SH		SOLE		7,690	0	0
WISDOMTREE TR	US HIGH DIVIDEND	97717W208	584,125	6,631	SH		SOLE		6,631	0	0
WISDOMTREE TR	US TOTAL DIVIDND	97717W109	372,425	5,769	SH		SOLE		5,769	0	0
WISDOMTREE TR	US SMALLCAP DIVD	97717W604	204,037	6,402	SH		SOLE		6,402	0	0