Enterprise Bank & Trust Co

LOWELL, MA · CIK 1770710 · 13F filing filed 2023-07-06

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.

$261.4m reported value +12.9% vs Q1 2023

115positions

48.4%in top 10

20 new 48 added 35 reduced 8 sold out vs Q1 2023

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, Q2 2023

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 S&P MCP ETF IJH	IJH	96,186	$25.2m9.62%	9.62%	Added +1.5k	+1,490 1.6%
2	ISHARES TR CORE US AGGBD ET AGG	AGG	239,015	$23.4m8.96%	8.96%	Added +25.2k	+25,171 11.8%
3	FLEXSHARES TR MORNSTAR UPSTR GUNR	GUNR	368,647	$14.8m5.65%	5.65%	Added +47.9k	+47,867 14.9%
4	APPLE INC COM AAPL	AAPL	72,168	$14.0m5.36%	5.36%	Added +5.3k	+5,255 7.8%
5	VANGUARD INDEX FDS REAL ESTATE ETF VNQ	VNQ	145,319	$12.1m4.65%	4.65%	Added +4.8k	+4,808 3.4%
6	MICROSOFT CORP COM MSFT	MSFT	35,394	$12.1m4.61%	4.61%	Added +4.0k	+4,021 12.8%
7	SPDR S&P 500 ETF TR TR UNIT SPY	SPY	15,657	$6.9m2.66%	2.66%	Added +2.2k	+2,197 16.3%
8	AMAZON COM INC COM AMZN	AMZN	47,775	$6.2m2.38%	2.38%	Reduced -698	-698 -1.4%
9	NVIDIA CORPORATION COM NVDA	NVDA	14,668	$6.2m2.37%	2.37%	Reduced -1.6k	-1,575 -9.7%
10	ALPHABET INC CAP STK CL A GOOGL	GOOGL	46,666	$5.6m2.14%	2.14%	Added +2.2k	+2,166 4.9%
11	UNITEDHEALTH GROUP INC COM UNH	UNH	9,534	$4.6m1.75%	1.75%	Added +968	+968 11.3%
12	ELI LILLY & CO COM LLY	LLY	9,360	$4.4m1.68%	1.68%	Reduced -293	-293 -3.0%
13	COSTCO WHSL CORP NEW COM COST	COST	8,040	$4.3m1.66%	1.66%	Reduced -168	-168 -2.0%
14	JPMORGAN CHASE & CO COM JPM	JPM	28,067	$4.1m1.56%	1.56%	Added +702	+702 2.6%
15	META PLATFORMS INC CL A META	META	13,628	$3.9m1.50%	1.50%	Added +1.5k	+1,493 12.3%
16	PALO ALTO NETWORKS INC COM PANW	PANW	14,970	$3.8m1.46%	1.46%	Reduced -1.2k	-1,227 -7.6%
17	ISHARES TR NATIONAL MUN ETF MUB	MUB	35,076	$3.7m1.43%	1.43%	Reduced -718	-718 -2.0%
18	CHEVRON CORP NEW COM CVX	CVX	23,534	$3.7m1.42%	1.42%	Added +2.4k	+2,357 11.1%
19	PEPSICO INC COM PEP	PEP	19,078	$3.5m1.35%	1.35%	Added +415	+415 2.2%
20	NIKE INC CL B NKE	NKE	29,365	$3.2m1.24%	1.24%	Added +561	+561 1.9%
21	ISHARES TR CORE S&P500 ETF IVV	IVV	7,079	$3.2m1.21%	1.21%	Added +2.3k	+2,253 46.7%
22	TJX COS INC NEW COM TJX	TJX	36,637	$3.1m1.19%	1.19%	Reduced -1.1k	-1,088 -2.9%
23	ABBOTT LABS COM ABT	ABT	26,804	$2.9m1.12%	1.12%	Added +638	+638 2.4%
24	MASTERCARD INCORPORATED CL A MA	MA	7,146	$2.8m1.08%	1.08%	Reduced -168	-168 -2.3%
25	VISA INC COM CL A V	V	11,561	$2.7m1.05%	1.05%	Added +429	+429 3.9%
26	THERMO FISHER SCIENTIFIC INC COM TMO	TMO	5,235	$2.7m1.04%	1.04%	Reduced -343	-343 -6.2%
27	HOME DEPOT INC COM HD	HD	8,744	$2.7m1.04%	1.04%	Added +724	+724 9.0%
28	HONEYWELL INTL INC COM COM		12,654	$2.6m1.00%	1.00%	Reduced -132	-132 -1.0%
29	ACCENTURE PLC IRELAND SHS CLASS A ACN	ACN	8,505	$2.6m1.00%	1.00%	Reduced -357	-357 -4.0%
30	SALESFORCE INC COM CRM	CRM	12,340	$2.6m1.00%	1.00%	Added +42	+42 0.3%
31	CHIPOTLE MEXICAN GRILL INC COM CMG	CMG	1,196	$2.6m0.98%	0.98%	Reduced -61	-61 -4.8%
32	DANAHER CORPORATION COM DHR	DHR	10,461	$2.5m0.96%	0.96%	Reduced -406	-406 -3.7%
33	UNION PAC CORP COM UNP	UNP	10,696	$2.2m0.84%	0.84%	Reduced -510	-510 -4.5%
34	AMERICAN TOWER CORP NEW COM AMT	AMT	11,196	$2.2m0.83%	0.83%	Added +95	+95 0.9%
35	ALPHABET INC CAP STK CL C GOOG	GOOG	17,288	$2.1m0.80%	0.80%	Added +3.7k	+3,709 27.3%
36	S&P GLOBAL INC COM SPGI	SPGI	5,158	$2.1m0.79%	0.79%	Reduced -303	-303 -5.5%
37	GENERAL DYNAMICS CORP COM GD	GD	9,389	$2.0m0.77%	0.77%	Added +93	+93 1.0%
38	TEXAS INSTRS INC COM TXN	TXN	9,633	$1.7m0.66%	0.66%	Reduced -418	-418 -4.2%
39	INTERCONTINENTAL EXCHANGE IN COM ICE	ICE	15,078	$1.7m0.65%	0.65%	Reduced -254	-254 -1.7%
40	ANALOG DEVICES INC COM ADI	ADI	8,222	$1.6m0.61%	0.61%	New
41	NEXTERA ENERGY INC COM NEE	NEE	21,403	$1.6m0.61%	0.61%	New
42	MARSH & MCLENNAN COS INC COM MRSH	MRSH	7,989	$1.5m0.57%	0.57%	Reduced -50	-50 -0.6%
43	SCHLUMBERGER LTD COM STK SLB	SLB	30,382	$1.5m0.57%	0.57%	Added +332	+332 1.1%
44	MONDELEZ INTL INC CL A MDLZ	MDLZ	19,830	$1.4m0.55%	0.55%	Added +1.0k	+1,001 5.3%
45	VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF VWO	VWO	34,690	$1.4m0.54%	0.54%	Reduced -50	-50 -0.1%
46	CDW CORP COM CDW	CDW	7,282	$1.3m0.51%	0.51%	Reduced -229	-229 -3.0%
47	FREEPORT-MCMORAN INC CL B FCX	FCX	32,867	$1.3m0.50%	0.50%	Added +680	+680 2.1%
48	BIOGEN INC COM BIIB	BIIB	4,600	$1.3m0.50%	0.50%	Added +203	+203 4.6%
49	VANGUARD TAX-MANAGED FDS VAN FTSE DEV MKT VEA	VEA	25,687	$1.2m0.45%	0.45%	Added +2.9k	+2,946 12.9%
50	PROCTER AND GAMBLE CO COM PG	PG	7,727	$1.2m0.45%	0.45%	Added +806	+806 11.7%
51	MOTOROLA SOLUTIONS INC COM NEW MSI	MSI	3,965	$1.2m0.44%	0.44%	New
52	FIDUS INVT CORP COM FDUS	FDUS	55,912	$1.1m0.42%	0.42%	Unchanged
53	VANGUARD INDEX FDS S&P 500 ETF SHS VOO	VOO	2,543	$1.0m0.40%	0.40%	Reduced -335	-335 -11.6%
54	ISHARES TR MSCI EAFE ETF EFA	EFA	14,014	$1.0m0.39%	0.39%	Reduced -6	-6 -0.0%
55	ISHARES TR MSCI KLD400 SOC DSI	DSI	11,990	$1.0m0.39%	0.39%	Unchanged
56	MASCO CORP COM MAS	MAS	17,344	$995.2k0.38%	0.38%	New
57	ADOBE INC COM ADBE	ADBE	1,983	$969.7k0.37%	0.37%	Reduced -9	-9 -0.5%
58	BAR HBR BANKSHARES COM BHB	BHB	38,947	$959.7k0.37%	0.37%	Added +2.3k	+2,266 6.2%
59	JOHNSON & JOHNSON COM JNJ	JNJ	5,751	$951.9k0.36%	0.36%	Reduced -6.4k	-6,429 -52.8%
60	LAUDER ESTEE COS INC CL A EL	EL	4,788	$940.3k0.36%	0.36%	Added +453	+453 10.4%
61	ISHARES TR 1 3 YR TREAS BD SHY	SHY	11,072	$897.7k0.34%	0.34%	Reduced -220	-220 -1.9%
62	BOEING CO COM BA	BA	4,191	$885.0k0.34%	0.34%	Added +463	+463 12.4%
63	DISNEY WALT CO COM DIS	DIS	9,264	$827.1k0.32%	0.32%	Added +406	+406 4.6%
64	GSK PLC SPONSORED ADR GSK	GSK	21,783	$776.3k0.30%	0.30%	Added +301	+301 1.4%
65	DUPONT DE NEMOURS INC COM DWDP	DWDP	10,480	$748.7k0.29%	0.29%	Added +422	+422 4.2%
66	MCDONALDS CORP COM MCD	MCD	2,272	$678.0k0.26%	0.26%	Reduced -49	-49 -2.1%
67	EASTERN BANKSHARES INC COM EBC	EBC	55,159	$676.8k0.26%	0.26%	New
68	PFIZER INC COM PFE	PFE	16,984	$623.0k0.24%	0.24%	Added +2.0k	+1,999 13.3%
69	ISHARES TR RUS 1000 GRW ETF IWF	IWF	2,245	$617.8k0.24%	0.24%	Reduced -822	-822 -26.8%
70	EXTRA SPACE STORAGE INC COM EXR	EXR	3,910	$582.0k0.22%	0.22%	Reduced -250	-250 -6.0%
71	VERIZON COMMUNICATIONS INC COM VZ	VZ	15,620	$580.9k0.22%	0.22%	Added +538	+538 3.6%
72	VERISK ANALYTICS INC COM VRSK	VRSK	2,550	$576.4k0.22%	0.22%	Unchanged
73	VANECK ETF TRUST JUNIOR GOLD MINE GDXJ	GDXJ	16,056	$572.6k0.22%	0.22%	Unchanged
74	BANK AMERICA CORP COM BAC	BAC	19,495	$559.3k0.21%	0.21%	Added +5.6k	+5,563 39.9%
75	SCHWAB CHARLES CORP COM SCHW	SCHW	9,668	$548.0k0.21%	0.21%	New
76	LINDE PLC SHS LIN	LIN	1,400	$533.5k0.20%	0.20%	Added +167	+167 13.5%
77	VANGUARD SCOTTSDALE FDS VNG RUS2000IDX VTWO	VTWO	6,877	$520.0k0.20%	0.20%	Unchanged
78	BERKSHIRE HATHAWAY INC DEL CL A BRK.A	BRK.A	1	$517.8k0.20%	0.20%	Unchanged
79	TRANSUNION COM TRU	TRU	6,550	$513.1k0.20%	0.20%	New
80	ISHARES TR IBOXX HI YD ETF HYG	HYG	6,595	$495.1k0.19%	0.19%	Reduced -340	-340 -4.9%
81	BLACKSTONE INC COM BX	BX	5,190	$482.5k0.18%	0.18%	New
82	ROYAL BK CDA COM RY	RY	4,800	$458.4k0.18%	0.18%	Reduced -900	-900 -15.8%
83	MERCK & CO INC COM MRK	MRK	3,968	$457.9k0.18%	0.18%	Added +1.3k	+1,304 49.0%
84	VANGUARD INDEX FDS VALUE ETF VTV	VTV	3,194	$453.9k0.17%	0.17%	Added +1.2k	+1,250 64.3%
85	RTX CORPORATION COM RTX	RTX	4,499	$440.7k0.17%	0.17%	Added +695	+695 18.3%
86	BROADCOM INC COM AVGO	AVGO	476	$412.9k0.16%	0.16%	New
87	VANECK ETF TRUST GOLD MINERS ETF GDX	GDX	13,369	$402.5k0.15%	0.15%	Reduced -3.6k	-3,626 -21.3%
88	ISHARES INC CORE MSCI EMKT IEMG	IEMG	7,552	$372.2k0.14%	0.14%	New
89	TESLA INC COM TSLA	TSLA	1,367	$357.8k0.14%	0.14%	New
90	CONOCOPHILLIPS COM COP	COP	3,375	$349.7k0.13%	0.13%	New
91	TORONTO DOMINION BK ONT COM NEW TD	TD	5,622	$348.6k0.13%	0.13%	Unchanged
92	COCA COLA CO COM KO	KO	5,724	$344.7k0.13%	0.13%	Added +1.9k	+1,900 49.7%
93	EXXON MOBIL CORP COM XOM	XOM	3,191	$342.2k0.13%	0.13%	Added +341	+341 12.0%
94	EMERSON ELEC CO COM EMR	EMR	3,727	$336.9k0.13%	0.13%	Added +231	+231 6.6%
95	ISHARES TR U.S. REAL ES ETF IYR	IYR	3,525	$305.1k0.12%	0.12%	Unchanged
96	VANGUARD INDEX FDS GROWTH ETF VUG	VUG	1,012	$286.4k0.11%	0.11%	Reduced -231	-231 -18.6%
97	BLACKROCK INC COM BLK	BLK	410	$283.4k0.11%	0.11%	Added +38	+38 10.2%
98	WALMART INC COM WMT	WMT	1,719	$270.2k0.10%	0.10%	New
99	BANK MONTREAL QUE COM BMO	BMO	2,920	$263.7k0.10%	0.10%	Unchanged
100	BRISTOL-MYERS SQUIBB CO COM BMY	BMY	4,018	$257.0k0.10%	0.10%	New

Sold out since Q1 2023

Security	Ticker	Shares held before	Value then
DEERE & CO DE	DE	2,338	$965.3k2.3k shares
VANGUARD WHITEHALL FDS VYM	VYM	6,902	$728.2k6.9k shares
CROWN CASTLE INC CCI	CCI	2,722	$364.3k2.7k shares
VANGUARD INDEX FDS VO	VO	1,242	$262.0k1.2k shares
ISHARES TR IWD	IWD	1,536	$233.9k1.5k shares
VANGUARD INDEX FDS VB	VB	1,072	$203.2k1.1k shares
BANK NOVA SCOTIA HALIFAX BNS	BNS	3,977	$200.3k4.0k shares
FIRST REP BK SAN FRANCISCO C FRCB	FRCB	14,218	$198.9k14.2k shares