Enterprise Bank & Trust Co

LOWELL, MA · CIK 1770710 · 13F filing filed 2023-01-11

No investment adviser registration (Form ADV) found for this filer. It may be a parent company whose subsidiaries are the registered advisers, a bank or insurer, or a manager based outside the US.

$211.4m reported value +10.0% vs Q3 2022

97positions

44.4%in top 10

13 new 40 added 30 reduced 2 sold out vs Q3 2022

This report includes the holdings of 1 other manager that shares the investment decisions:

ENTERPRISE BANCORP INC /MA/ – reports through this filing

Shares in two reports are counted once in each security's totals.

Holdings, Q4 2022

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	ISHARES TR CORE US AGGBD ET AGG	AGG	215,614	$20.9m9.89%	9.89%	Reduced -5.6k	-5,597 -2.5%
2	ISHARES TR CORE S&P MCP ETF IJH	IJH	58,696	$14.2m6.72%	6.72%	Reduced -470	-470 -0.8%
3	FLEXSHARES TR MORNSTAR UPSTR GUNR	GUNR	298,899	$13.0m6.15%	6.15%	Added +13.7k	+13,709 4.8%
4	VANGUARD INDEX FDS REAL ESTATE ETF VNQ	VNQ	136,764	$11.3m5.34%	5.34%	Added +2.9k	+2,878 2.1%
5	APPLE INC COM AAPL	AAPL	68,217	$8.9m4.19%	4.19%	Added +2.2k	+2,220 3.4%
6	MICROSOFT CORP COM MSFT	MSFT	32,142	$7.7m3.65%	3.65%	Added +1.6k	+1,621 5.3%
7	SPDR S&P 500 ETF TR TR UNIT SPY	SPY	13,584	$5.2m2.46%	2.46%	Added +303	+303 2.3%
8	UNITEDHEALTH GROUP INC COM UNH	UNH	8,807	$4.7m2.21%	2.21%	Added +343	+343 4.0%
9	AMAZON COM INC COM AMZN	AMZN	48,424	$4.1m1.92%	1.92%	Added +2.0k	+1,955 4.2%
10	ALPHABET INC CAP STK CL A GOOGL	GOOGL	44,830	$4.0m1.87%	1.87%	Added +630	+630 1.4%
11	COSTCO WHSL CORP NEW COM COST	COST	8,327	$3.8m1.80%	1.80%	Added +501	+501 6.4%
12	ISHARES TR NATIONAL MUN ETF MUB	MUB	35,921	$3.8m1.79%	1.79%	Reduced -3.3k	-3,260 -8.3%
13	ELI LILLY & CO COM LLY	LLY	10,107	$3.7m1.75%	1.75%	Reduced -48	-48 -0.5%
14	CHEVRON CORP NEW COM CVX	CVX	19,947	$3.6m1.69%	1.69%	Added +227	+227 1.1%
15	JPMORGAN CHASE & CO COM JPM	JPM	26,434	$3.5m1.68%	1.68%	Added +867	+867 3.4%
16	NIKE INC CL B NKE	NKE	28,844	$3.4m1.60%	1.60%	Added +145	+145 0.5%
17	PEPSICO INC COM PEP	PEP	18,674	$3.4m1.60%	1.60%	Reduced -183	-183 -1.0%
18	THERMO FISHER SCIENTIFIC INC COM TMO	TMO	5,655	$3.1m1.47%	1.47%	Reduced -32	-32 -0.6%
19	TJX COS INC NEW COM TJX	TJX	39,048	$3.1m1.47%	1.47%	Reduced -305	-305 -0.8%
20	DANAHER CORPORATION COM DHR	DHR	10,992	$2.9m1.38%	1.38%	Reduced -134	-134 -1.2%
21	ABBOTT LABS COM ABT	ABT	25,983	$2.9m1.35%	1.35%	Added +1.6k	+1,560 6.4%
22	HONEYWELL INTL INC COM COM		12,497	$2.7m1.27%	1.27%	Reduced -14	-14 -0.1%
23	MASTERCARD INCORPORATED CL A MA	MA	7,385	$2.6m1.21%	1.21%	Added +37	+37 0.5%
24	HOME DEPOT INC COM HD	HD	8,071	$2.5m1.21%	1.21%	Added +100	+100 1.2%
25	NVIDIA CORPORATION COM NVDA	NVDA	16,966	$2.5m1.17%	1.17%	Added +58	+58 0.3%
26	PALO ALTO NETWORKS INC COM PANW	PANW	17,573	$2.5m1.16%	1.16%	Added +78	+78 0.5%
27	NEXTERA ENERGY PARTNERS LP COM UNIT PART IN XIFR	XIFR	34,784	$2.4m1.15%	1.15%	Reduced -799	-799 -2.2%
28	VISA INC COM CL A V	V	11,329	$2.4m1.11%	1.11%	Reduced -150	-150 -1.3%
29	ACCENTURE PLC IRELAND SHS CLASS A ACN	ACN	8,820	$2.4m1.11%	1.11%	Added +377	+377 4.5%
30	UNION PAC CORP COM UNP	UNP	11,241	$2.3m1.10%	1.10%	Added +76	+76 0.7%
31	AMERICAN TOWER CORP NEW COM AMT	AMT	10,887	$2.3m1.09%	1.09%	Reduced -93	-93 -0.8%
32	GENERAL DYNAMICS CORP COM GD	GD	9,166	$2.3m1.08%	1.08%	Reduced -35	-35 -0.4%
33	JOHNSON & JOHNSON COM JNJ	JNJ	11,936	$2.1m1.00%	1.00%	Added +249	+249 2.1%
34	S&P GLOBAL INC COM SPGI	SPGI	5,577	$1.9m0.88%	0.88%	Added +179	+179 3.3%
35	ISHARES TR CORE S&P500 ETF IVV	IVV	4,826	$1.9m0.88%	0.88%	Added +414	+414 9.4%
36	CHIPOTLE MEXICAN GRILL INC COM CMG	CMG	1,264	$1.8m0.83%	0.83%	Reduced -3	-3 -0.2%
37	FIRST REP BK SAN FRANCISCO C COM FRCB	FRCB	13,604	$1.7m0.78%	0.78%	Reduced -532	-532 -3.8%
38	TEXAS INSTRS INC COM TXN	TXN	10,025	$1.7m0.78%	0.78%	Reduced -48	-48 -0.5%
39	SALESFORCE INC COM CRM	CRM	12,077	$1.6m0.76%	0.76%	Reduced -170	-170 -1.4%
40	INTERCONTINENTAL EXCHANGE IN COM ICE	ICE	15,228	$1.6m0.74%	0.74%	Unchanged
41	SCHLUMBERGER LTD COM STK SLB	SLB	28,406	$1.5m0.72%	0.72%	Added +8.7k	+8,679 44.0%
42	META PLATFORMS INC CL A META	META	11,959	$1.4m0.68%	0.68%	Reduced -1.2k	-1,217 -9.2%
43	BERKSHIRE HATHAWAY INC DEL CL A BRK.A	BRK.A	3	$1.4m0.67%	0.67%	Added +1	+1 50.0%
44	VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF VWO	VWO	35,310	$1.4m0.65%	0.65%	New
45	MARSH & MCLENNAN COS INC COM MRSH	MRSH	8,158	$1.3m0.64%	0.64%	Added +20	+20 0.2%
46	CDW CORP COM CDW	CDW	7,503	$1.3m0.63%	0.63%	Added +42	+42 0.6%
47	FREEPORT-MCMORAN INC CL B FCX	FCX	32,583	$1.2m0.59%	0.59%	Reduced -69	-69 -0.2%
48	BIOGEN INC COM BIIB	BIIB	4,390	$1.2m0.58%	0.58%	Reduced -10	-10 -0.2%
49	MONDELEZ INTL INC CL A MDLZ	MDLZ	18,071	$1.2m0.57%	0.57%	Added +1.6k	+1,633 9.9%
50	BAR HBR BANKSHARES COM BHB	BHB	36,681	$1.2m0.56%	0.56%	Unchanged
51	LAUDER ESTEE COS INC CL A EL	EL	4,532	$1.1m0.53%	0.53%	Reduced -968	-968 -17.6%
52	ALPHABET INC CAP STK CL C GOOG	GOOG	12,450	$1.1m0.52%	0.52%	Added +2.7k	+2,730 28.1%
53	FIDUS INVT CORP COM FDUS	FDUS	55,912	$1.1m0.50%	0.50%	Unchanged
54	PROCTER AND GAMBLE CO COM PG	PG	6,841	$1.0m0.49%	0.49%	Added +290	+290 4.4%
55	VANGUARD TAX-MANAGED FDS VAN FTSE DEV MKT VEA	VEA	23,704	$994.9k0.47%	0.47%	Added +5.8k	+5,820 32.5%
56	ISHARES TR MSCI EAFE ETF EFA	EFA	14,140	$928.1k0.44%	0.44%	Added +467	+467 3.4%
57	ISHARES TR 1 3 YR TREAS BD SHY	SHY	11,292	$916.6k0.43%	0.43%	Unchanged
58	ISHARES TR MSCI KLD400 SOC DSI	DSI	12,740	$914.6k0.43%	0.43%	Unchanged
59	VANGUARD INDEX FDS S&P 500 ETF SHS VOO	VOO	2,593	$911.0k0.43%	0.43%	Unchanged
60	DISNEY WALT CO COM DIS	DIS	9,028	$784.4k0.37%	0.37%	Reduced -4.9k	-4,938 -35.4%
61	PFIZER INC COM PFE	PFE	15,135	$775.5k0.37%	0.37%	Added +1.6k	+1,550 11.4%
62	ADOBE INC COM ADBE	ADBE	2,212	$744.4k0.35%	0.35%	Reduced -1.2k	-1,196 -35.1%
63	GSK PLC SPONSORED ADR GSK	GSK	20,853	$732.8k0.35%	0.35%	New
64	BOEING CO COM BA	BA	3,730	$710.5k0.34%	0.34%	Reduced -790	-790 -17.5%
65	DUPONT DE NEMOURS INC COM DWDP	DWDP	9,989	$685.5k0.32%	0.32%	Added +199	+199 2.0%
66	DEERE & CO COM DE	DE	1,593	$683.0k0.32%	0.32%	New
67	MCDONALDS CORP COM MCD	MCD	2,568	$676.7k0.32%	0.32%	Added +810	+810 46.1%
68	ISHARES TR RUS 1000 GRW ETF IWF	IWF	3,067	$657.1k0.31%	0.31%	Reduced -232	-232 -7.0%
69	VERIZON COMMUNICATIONS INC COM VZ	VZ	16,431	$647.4k0.31%	0.31%	Reduced -19.0k	-19,039 -53.7%
70	EXTRA SPACE STORAGE INC COM EXR	EXR	4,160	$612.3k0.29%	0.29%	Added +250	+250 6.4%
71	VANECK ETF TRUST GOLD MINERS ETF GDX	GDX	20,715	$593.7k0.28%	0.28%	New
72	VANECK ETF TRUST JUNIOR GOLD MINE GDXJ	GDXJ	16,056	$572.4k0.27%	0.27%	New
73	CROWN CASTLE INC COM CCI	CCI	4,071	$552.2k0.26%	0.26%	Reduced -6.1k	-6,116 -60.0%
74	ROYAL BK CDA COM RY	RY	5,700	$535.9k0.25%	0.25%	Added +900	+900 18.8%
75	ISHARES TR IBOXX HI YD ETF HYG	HYG	7,035	$518.0k0.25%	0.25%	Added +1.8k	+1,800 34.4%
76	LINDE PLC SHS 99952EUR	99952EUR	1,570	$512.1k0.24%	0.24%	Reduced -19	-19 -1.2%
77	VANGUARD SCOTTSDALE FDS VNG RUS2000IDX VTWO	VTWO	6,877	$483.9k0.23%	0.23%	Added +647	+647 10.4%
78	BANK AMERICA CORP COM BAC	BAC	14,407	$477.2k0.23%	0.23%	Added +225	+225 1.6%
79	VERISK ANALYTICS INC COM VRSK	VRSK	2,550	$449.9k0.21%	0.21%	New
80	TORONTO DOMINION BK ONT COM NEW TD	TD	5,622	$364.1k0.17%	0.17%	Unchanged
81	RTX CORPORATION COM RTX	RTX	3,504	$353.6k0.17%	0.17%	Added +159	+159 4.8%
82	EMERSON ELEC CO COM EMR	EMR	3,448	$331.2k0.16%	0.16%	New
83	EXXON MOBIL CORP COM XOM	XOM	2,838	$313.0k0.15%	0.15%	New
84	ISHARES TR U.S. REAL ES ETF IYR	IYR	3,525	$296.8k0.14%	0.14%	Unchanged
85	VANGUARD INDEX FDS GROWTH ETF VUG	VUG	1,376	$293.2k0.14%	0.14%	Reduced -31	-31 -2.2%
86	MERCK & CO INC COM MRK	MRK	2,545	$282.4k0.13%	0.13%	New
87	VANGUARD INDEX FDS VALUE ETF VTV	VTV	1,944	$272.9k0.13%	0.13%	Unchanged
88	METLIFE INC COM MET	MET	3,709	$268.4k0.13%	0.13%	New
89	BANK MONTREAL QUE COM BMO	BMO	2,920	$264.6k0.13%	0.13%	Unchanged
90	VANGUARD INDEX FDS MID CAP ETF VO	VO	1,242	$253.1k0.12%	0.12%	Unchanged
91	COMPASS MINERALS INTL INC COM CMP	CMP	6,000	$246.0k0.12%	0.12%	New
92	COCA COLA CO COM KO	KO	3,764	$239.4k0.11%	0.11%	New
93	ISHARES TR RUS 1000 VAL ETF IWD	IWD	1,536	$232.9k0.11%	0.11%	Unchanged
94	ISHARES TR MBS ETF MBB	MBB	2,485	$230.5k0.11%	0.11%	Unchanged
95	ISHARES TR RUS MID CAP ETF IWR	IWR	3,296	$222.3k0.11%	0.11%	Unchanged
96	VANGUARD BD INDEX FDS SHORT TRM BOND BSV	BSV	2,861	$215.4k0.10%	0.10%	Reduced -1.3k	-1,281 -30.9%
97	ISHARES TR MSCI EMG MKT ETF EEM	EEM	5,578	$211.4k0.10%	0.10%	New

Sold out since Q3 2022

Security	Ticker	Shares held before	Value then
ASENSUS SURGICAL INC TRXC	TRXC	81,000	$36.0k81.0k shares
PAYSAFE LIMITED PSFE	PSFE	23,700	$33.0k23.7k shares