PRIVATE CAPITAL MANAGEMENT LLC

Quarterly 13F snapshot: US-listed longs only, no performance figures — 13F data cannot support them.

Portfolio value: $501M
Positions: 213
Quarter ended: December 31, 2024
Filed: February 05, 2025

Reported portfolio value by quarter (25 quarters reported)

$555M $110M

Q4 18 Q1 20 Q2 21 Q3 22 Q4 23 Q4 24

$116M in Q4 2018 → $501M now. Hover for any quarter.

Holdings

As reported for the quarter ended December 31, 2024. Activity is the change in share count since the prior quarter's filing.

Holding	% of portfolio	Activity	Shares	Value
DE Dimensional ETF Trust	14.9%	Trimmed 4.8%	1,171,069	$74.7M
DE Dimensional ETF Trust	8.5%	Added 2.2%	1,452,180	$42.4M
JP J P Morgan Exchange Traded F	7.8%	Added 60%	851,584	$39.2M
IE Invesco Exchange Traded Fd T	6.3%	Trimmed 6.9%	468,556	$31.4M
VP Victory Portfolios Ii	5.8%	Added 99%	629,043	$28.9M
VI Vanguard Index Fds	4.6%	Trimmed 3.3%	135,974	$23M
VS Vanguard Scottsdale Fds	4.2%	Trimmed 10%	78,670	$21M
Apple Inc	3.2%	Trimmed 30%	64,647	$16.2M
VI Vanguard Index Fds	3.2%	Trimmed 4.7%	67,121	$16.1M
VI Vanguard Index Fds	2.8%	Trimmed 26%	26,094	$14.1M
JP J P Morgan Exchange Traded F	2.6%	Trimmed 2.7%	210,964	$13.1M
DE Dimensional ETF Trust	2.1%	Added 4.5%	405,676	$10.3M
SS Schwab Strategic Tr	2.0%	Added 182%	436,456	$10.1M
IT Ishares Tr	1.8%	Trimmed 9.2%	77,932	$8.98M
VM Vanguard Malvern Fds	1.7%	Added 30%	115,398	$8.75M
IT Ishares Tr	1.6%	Trimmed 10%	114,458	$8.04M
Microsoft Corp	1.3%	Trimmed 20%	15,402	$6.49M
VT Vanguard Tax-managed Fds	1.2%	Added 0.8%	124,908	$5.97M
Pepsico Inc	1.2%	Trimmed 1.1%	38,878	$5.91M
IQ Invesco Qqq Tr	0.9%	Added 1.4%	8,756	$4.48M
Visa Inc	0.8%	Trimmed 0.8%	12,614	$3.99M
Amazon Com Inc	0.6%	Trimmed 41%	14,771	$3.24M
IT Ishares Tr	0.6%	Trimmed 9.6%	10,004	$3.22M
BH Berkshire Hathaway Inc Del	0.6%	Trimmed 23%	6,750	$3.06M
VI Vanguard Index Fds	0.6%	Trimmed 46%	10,349	$3M
AP Accenture PLC Ireland	0.6%	Added 0.2%	8,233	$2.9M
SS Schwab Strategic Tr	0.6%	Added 205%	123,169	$2.8M
Nvidia Corporation	0.6%	Trimmed 30%	20,733	$2.78M
AC American Centy ETF Tr	0.5%	Added 50%	40,464	$2.48M
PT Proshares Tr	0.5%	Trimmed 33%	24,369	$2.43M
IT Ishares Tr	0.5%	Trimmed 13%	13,427	$2.39M
PE Pgim ETF Tr	0.5%	Added 40%	47,894	$2.37M
SS SPDR S&P 500 ETF Tr	0.4%	Added 3.9%	3,555	$2.08M
FT First Tr Exchng Traded Fd Vi	0.4%	Trimmed 10%	78,790	$1.94M
Tesla Inc	0.4%	Trimmed 79%	4,780	$1.93M
IT Ishares Tr	0.4%	Added 2.0%	30,315	$1.89M
Alphabet Inc	0.4%	Trimmed 18%	9,742	$1.84M
VB Vanguard Bd Index Fds	0.3%	Trimmed 14%	23,249	$1.67M
IT Ishares Tr	0.3%	Trimmed 50%	4,855	$1.62M
SS Schwab Strategic Tr	0.3%	Added 268%	58,002	$1.62M
Mastercard Incorporated	0.3%	Trimmed 1.0%	3,007	$1.58M
IT Ishares Tr	0.3%	Trimmed 9.7%	8,040	$1.53M
Exxon Mobil Corp	0.3%	Trimmed 9.8%	14,073	$1.51M
IT Ishares Tr	0.3%	Trimmed 4.2%	11,709	$1.51M
Alphabet Inc	0.3%	Trimmed 28%	7,873	$1.5M
VM Vanguard Mun Bd Fds	0.3%	Added 142%	29,642	$1.49M
IT Ishares Tr	0.3%	Added 0.6%	19,604	$1.48M
SS Schwab Strategic Tr	0.3%	Added 122%	50,564	$1.31M
Independent Bank Group Inc	0.3%	Trimmed 81%	21,301	$1.29M
VI Vanguard Index Fds	0.3%	Added 2.4%	3,099	$1.27M
SS Schwab Strategic Tr	0.3%	Added 97%	44,380	$1.26M
SS Schwab Strategic Tr	0.2%	Added 220%	42,223	$1.15M
IT Ishares Tr	0.2%	Added 10%	9,805	$1.08M
Meta Platforms Inc	0.2%	Trimmed 21%	1,815	$1.06M
IT Ishares Tr	0.2%	Added 2.1%	1,787	$1.05M
Jpmorgan Chase & Co.	0.2%	Trimmed 20%	4,342	$1.04M
SS Schwab Strategic Tr	0.2%	Added 200%	37,221	$1.03M
I Ishares Inc	0.2%	Trimmed 5.1%	18,847	$984K
Broadcom Inc	0.2%	Added 1.2%	4,126	$957K
SS Schwab Strategic Tr	0.2%	Added 201%	36,309	$947K

Showing top 60 of 213 positions.

Timeline of changes

What changed each quarter, from the filings' own share counts. Largest moves first; most recent 8 quarters.

Q4 2024

quarter ended December 31, 2024 · filed February 05, 2025

Company	Action	Shares changed	Value of change	% of portfolio
JP J P Morgan Exchange Traded F	Added	+318,318	+$14.7M	7.8%
VP Victory Portfolios Ii	Added	+313,506	+$14.4M	5.8%
Tesla Inc	Trimmed	−17,648	−$7.13M	0.4%
Apple Inc	Trimmed	−27,650	−$6.92M	3.2%
SS Schwab Strategic Tr	Added	+281,476	+$6.52M	2.0%
Independent Bank Group Inc	Trimmed	−93,436	−$5.67M	0.3%
VI Vanguard Index Fds	Trimmed	−9,164	−$4.94M	2.8%
JP J P Morgan Exchange Traded F	Trimmed	−95,108	−$4.79M	—
PE Pimco ETF Tr	Trimmed	−47,505	−$4.77M	0.1%
DE Dimensional ETF Trust	Trimmed	−58,826	−$3.75M	14.9%

Showing the 10 largest of 244 changes.

Q3 2024

quarter ended September 30, 2024 · filed November 14, 2024

Company	Action	Shares changed	Value of change	% of portfolio
JP J P Morgan Exchange Traded F	Added	+360,858	+$17.4M	4.6%
VP Victory Portfolios Ii	Added	+276,435	+$13.2M	2.7%
VI Vanguard Index Fds	Trimmed	−14,786	−$7.8M	3.4%
DE Dimensional ETF Trust	Trimmed	−106,543	−$6.63M	13.8%
Independent Bank Group Inc	Added	+99,921	+$5.76M	1.2%
DE Dimensional ETF Trust	Trimmed	−138,087	−$4.39M	8.1%
Apple Inc	Added	+18,790	+$4.38M	3.9%
Tesla Inc	Added	+16,587	+$4.34M	1.1%
VM Vanguard Malvern Fds	Added	+53,692	+$4.25M	1.3%
VS Vanguard Scottsdale Fds	Trimmed	−15,877	−$4.13M	4.1%

Showing the 10 largest of 251 changes.

Q2 2024

quarter ended June 30, 2024 · filed March 12, 2025

Company	Action	Shares changed	Value of change	% of portfolio
DE Dimensional ETF Trust	Added	+698,827	+$41.1M	15.6%
VS Vanguard Scottsdale Fds	Trimmed	−135,762	−$33.4M	5.1%
DE Dimensional ETF Trust	Added	+596,232	+$17.7M	9.2%
JP J P Morgan Exchange Traded F	New	+225,144	+$13.2M	2.6%
IT Ishares Tr	Trimmed	−122,860	−$8.92M	2.1%
JP J P Morgan Exchange Traded F	Added	+167,373	+$7.75M	1.6%
Nvidia Corporation	Added	+22,647	+$2.8M	0.6%
VM Vanguard Malvern Fds	Added	+31,848	+$2.42M	0.5%
VP Victory Portfolios Ii	New	+39,102	+$1.8M	0.4%
SS SPDR Ser Tr	Added	+19,892	+$1.32M	0.3%

Showing the 10 largest of 206 changes.

Q1 2024

quarter ended March 31, 2024 · filed March 12, 2025

Company	Action	Shares changed	Value of change	% of portfolio
DE Dimensional ETF Trust	Added	+64,317	+$3.66M	8.0%
DE Dimensional ETF Trust	Added	+106,105	+$3.21M	6.4%
IE Invesco Exchange Traded Fd T	Added	+25,282	+$1.53M	7.4%
IT Ishares Tr	Added	+20,885	+$1.27M	0.4%
DE Dimensional ETF Trust	Added	+34,304	+$848K	2.0%
VI Vanguard Index Fds	Added	+1,487	+$715K	5.5%
VS Vanguard Scottsdale Fds	Trimmed	−2,478	−$591K	12.6%
Nvidia Corporation	Added	+536	+$484K	0.5%
IT Ishares Tr	Trimmed	−4,172	−$461K	2.5%
IT Ishares Tr	Added	+5,000	+$431K	0.1%

Showing the 10 largest of 227 changes.

Q4 2023

quarter ended December 31, 2023 · filed March 12, 2025

Company	Action	Shares changed	Value of change	% of portfolio
VS Vanguard Scottsdale Fds	Added	+21,958	+$4.76M	12.7%
PE Pimco ETF Tr	Added	+43,635	+$4.35M	1.1%
JP J P Morgan Exchange Traded F	Added	+85,506	+$4.29M	1.1%
DE Dimensional ETF Trust	Added	+79,301	+$4.11M	7.2%
DE Dimensional ETF Trust	Added	+123,001	+$3.52M	6.0%
IE Invesco Exchange Traded Fd T	Added	+62,635	+$3.39M	6.9%
Apple Inc	Trimmed	−10,680	−$2.06M	3.5%
VI Vanguard Index Fds	Trimmed	−3,790	−$1.66M	5.3%
DE Dimensional ETF Trust	Added	+56,033	+$1.35M	2.0%
AC American Centy ETF Tr	Added	+17,444	+$1.05M	0.5%

Showing the 10 largest of 189 changes.

Q3 2023

quarter ended September 30, 2023 · filed March 12, 2025

Company	Action	Shares changed	Value of change	% of portfolio
DE Dimensional ETF Trust	Added	+52,139	+$2.43M	6.6%
DE Dimensional ETF Trust	Added	+80,120	+$2.09M	5.5%
IE Invesco Exchange Traded Fd T	Added	+18,362	+$919K	6.7%
SS Schwab Strategic Tr	Added	+14,076	+$788K	0.3%
DE Dimensional ETF Trust	Added	+31,338	+$707K	1.8%
VI Vanguard Index Fds	Added	+3,575	+$676K	4.1%
Visa Inc	Added	+2,833	+$652K	0.9%
VI Vanguard Index Fds	Trimmed	−1,530	−$601K	6.1%
IT Ishares Tr	Trimmed	−5,245	−$538K	0.1%
IE Invesco Exchange Traded Fd T	New	+14,880	+$491K	0.1%

Showing the 10 largest of 180 changes.

Q2 2023

quarter ended June 30, 2023 · filed March 12, 2025

Company	Action	Shares changed	Value of change	% of portfolio
DE Dimensional ETF Trust	Added	+138,933	+$3.8M	5.1%
DE Dimensional ETF Trust	Added	+66,392	+$3.2M	6.1%
VI Vanguard Index Fds	Trimmed	−17,196	−$2.44M	6.6%
IT Ishares Tr	Trimmed	−22,700	−$2.26M	3.3%
IT Ishares Tr	Trimmed	−16,329	−$1.8M	—
VS Vanguard Scottsdale Fds	Added	+7,963	+$1.61M	12.7%
DE Dimensional ETF Trust	Added	+59,498	+$1.4M	1.7%
VI Vanguard Index Fds	Trimmed	−4,576	−$910K	4.1%
VI Vanguard Index Fds	Trimmed	−1,792	−$730K	6.5%
PT Proshares Tr	Trimmed	−7,668	−$723K	1.5%

Showing the 10 largest of 172 changes.

Q1 2023

quarter ended March 31, 2023 · filed March 12, 2025

Company	Action	Shares changed	Value of change	% of portfolio
DE Dimensional ETF Trust	Added	+66,734	+$2.96M	5.0%
Apple Inc	Added	+16,300	+$2.69M	4.4%
IT Ishares Tr	Trimmed	−52,769	−$2.64M	0.4%
DE Dimensional ETF Trust	Added	+91,855	+$2.48M	4.2%
VS Vanguard Scottsdale Fds	Added	+9,156	+$1.71M	11.8%
IT Ishares Tr	Trimmed	−21,191	−$1.42M	5.2%
CS Cisco Sys Inc	Trimmed	−22,205	−$1.16M	0.1%
IT Ishares Tr	Added	+12,032	+$861K	0.5%
VI Vanguard Index Fds	Trimmed	−6,051	−$836K	7.4%
DE Dimensional ETF Trust	Added	+35,500	+$817K	1.3%

Showing the 10 largest of 220 changes.

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