Enterprise Bank & Trust Co

LOWELL, MA · CIK 1770710 · 13F filing filed 2024-01-09

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.

$281.0m reported value +15.8% vs Q3 2023

122positions

48.7%in top 10

20 new 44 added 39 reduced 3 sold out vs Q3 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, Q4 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	101,564	$28.1m10.02%	10.02%	Added +3.8k	+3,843 3.9%
2	ISHARES TR CORE US AGGBD ET AGG	AGG	244,501	$24.3m8.64%	8.64%	Added +1.9k	+1,943 0.8%
3	FLEXSHARES TR MORNSTAR UPSTR GUNR	GUNR	389,243	$15.9m5.67%	5.67%	Added +7.2k	+7,213 1.9%
4	APPLE INC COM AAPL	AAPL	75,203	$14.5m5.15%	5.15%	Added +3.2k	+3,194 4.4%
5	MICROSOFT CORP COM MSFT	MSFT	36,794	$13.8m4.92%	4.92%	Added +2.0k	+2,005 5.8%
6	VANGUARD INDEX FDS REAL ESTATE ETF VNQ	VNQ	153,533	$13.6m4.83%	4.83%	Added +7.3k	+7,340 5.0%
7	AMAZON COM INC COM AMZN	AMZN	46,464	$7.1m2.51%	2.51%	Reduced -529	-529 -1.1%
8	SPDR S&P 500 ETF TR TR UNIT SPY	SPY	13,906	$6.6m2.35%	2.35%	Reduced -2.8k	-2,804 -16.8%
9	ALPHABET INC CAP STK CL A GOOGL	GOOGL	46,229	$6.5m2.30%	2.30%	Reduced -90	-90 -0.2%
10	NVIDIA CORPORATION COM NVDA	NVDA	12,916	$6.4m2.28%	2.28%	Reduced -362	-362 -2.7%
11	JPMORGAN CHASE & CO COM JPM	JPM	30,277	$5.2m1.83%	1.83%	Added +2.4k	+2,406 8.6%
12	COSTCO WHSL CORP NEW COM COST	COST	7,790	$5.1m1.83%	1.83%	Reduced -118	-118 -1.5%
13	UNITEDHEALTH GROUP INC COM UNH	UNH	9,301	$4.9m1.74%	1.74%	New
14	ELI LILLY & CO COM LLY	LLY	8,314	$4.8m1.72%	1.72%	Reduced -747	-747 -8.2%
15	META PLATFORMS INC CL A META	META	13,386	$4.7m1.69%	1.69%	Added +18	+18 0.1%
16	PALO ALTO NETWORKS INC COM PANW	PANW	12,694	$3.7m1.33%	1.33%	Reduced -1.6k	-1,558 -10.9%
17	CHEVRON CORP NEW COM CVX	CVX	22,573	$3.4m1.20%	1.20%	Reduced -1.0k	-1,036 -4.4%
18	ACCENTURE PLC IRELAND SHS CLASS A ACN	ACN	9,471	$3.3m1.18%	1.18%	Added +1.1k	+1,107 13.2%
19	PEPSICO INC COM PEP	PEP	19,398	$3.3m1.17%	1.17%	Added +777	+777 4.2%
20	HOME DEPOT INC COM HD	HD	9,406	$3.3m1.16%	1.16%	Added +966	+966 11.4%
21	TJX COS INC NEW COM TJX	TJX	34,118	$3.2m1.14%	1.14%	Reduced -610	-610 -1.8%
22	ABBOTT LABS COM ABT	ABT	29,033	$3.2m1.14%	1.14%	Added +2.2k	+2,241 8.4%
23	SALESFORCE INC COM CRM	CRM	12,133	$3.2m1.14%	1.14%	Added +44	+44 0.4%
24	ISHARES TR CORE S&P500 ETF IVV	IVV	6,677	$3.2m1.14%	1.14%	Reduced -202	-202 -2.9%
25	NIKE INC CL B NKE	NKE	29,265	$3.2m1.13%	1.13%	Added +339	+339 1.2%
26	VISA INC COM CL A V	V	12,157	$3.2m1.13%	1.13%	Added +648	+648 5.6%
27	MASTERCARD INCORPORATED CL A MA	MA	7,160	$3.1m1.09%	1.09%	Added +110	+110 1.6%
28	HONEYWELL INTL INC COM COM		14,142	$3.0m1.06%	1.06%	Added +1.6k	+1,578 12.6%
29	UNION PAC CORP COM UNP	UNP	11,405	$2.8m1.00%	1.00%	Added +956	+956 9.2%
30	THERMO FISHER SCIENTIFIC INC COM TMO	TMO	5,152	$2.7m0.97%	0.97%	Reduced -13	-13 -0.2%
31	CHIPOTLE MEXICAN GRILL INC COM CMG	CMG	1,182	$2.7m0.96%	0.96%	Added +14	+14 1.2%
32	GENERAL DYNAMICS CORP COM GD	GD	9,611	$2.5m0.89%	0.89%	Added +236	+236 2.5%
33	ALPHABET INC CAP STK CL C GOOG	GOOG	17,211	$2.4m0.86%	0.86%	Added +84	+84 0.5%
34	DANAHER CORPORATION COM DHR	DHR	10,263	$2.4m0.85%	0.85%	Reduced -116	-116 -1.1%
35	AMERICAN TOWER CORP NEW COM AMT	AMT	10,940	$2.4m0.84%	0.84%	Reduced -8	-8 -0.1%
36	INTERCONTINENTAL EXCHANGE IN COM ICE	ICE	17,728	$2.3m0.81%	0.81%	Added +2.7k	+2,676 17.8%
37	S&P GLOBAL INC COM SPGI	SPGI	4,943	$2.2m0.78%	0.78%	Unchanged
38	MARSH & MCLENNAN COS INC COM MRSH	MRSH	10,011	$1.9m0.68%	0.68%	Added +2.0k	+2,026 25.4%
39	ANALOG DEVICES INC COM ADI	ADI	9,223	$1.8m0.65%	0.65%	Added +1.1k	+1,071 13.1%
40	CDW CORP COM CDW	CDW	8,041	$1.8m0.65%	0.65%	Added +759	+759 10.4%
41	MONDELEZ INTL INC CL A MDLZ	MDLZ	24,304	$1.8m0.63%	0.63%	Added +4.2k	+4,194 20.9%
42	SCHLUMBERGER LTD COM STK SLB	SLB	32,018	$1.7m0.59%	0.59%	Added +1.5k	+1,480 4.8%
43	FREEPORT-MCMORAN INC CL B FCX	FCX	33,028	$1.4m0.50%	0.50%	Added +175	+175 0.5%
44	PROCTER AND GAMBLE CO COM PG	PG	9,593	$1.4m0.50%	0.50%	Added +2.1k	+2,145 28.8%
45	VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF VWO	VWO	33,295	$1.4m0.49%	0.49%	Reduced -1.4k	-1,355 -3.9%
46	NEXTERA ENERGY INC COM NEE	NEE	22,330	$1.4m0.48%	0.48%	Added +666	+666 3.1%
47	MASCO CORP COM MAS	MAS	19,868	$1.3m0.47%	0.47%	Added +2.3k	+2,299 13.1%
48	ADOBE INC COM ADBE	ADBE	2,181	$1.3m0.46%	0.46%	Added +216	+216 11.0%
49	MCDONALDS CORP COM MCD	MCD	4,177	$1.2m0.44%	0.44%	Added +238	+238 6.0%
50	MOTOROLA SOLUTIONS INC COM NEW MSI	MSI	3,930	$1.2m0.44%	0.44%	Reduced -35	-35 -0.9%
51	BIOGEN INC COM BIIB	BIIB	4,616	$1.2m0.43%	0.43%	Reduced -39	-39 -0.8%
52	VANGUARD TAX-MANAGED FDS VAN FTSE DEV MKT VEA	VEA	24,870	$1.2m0.42%	0.42%	Reduced -817	-817 -3.2%
53	BAR HBR BANKSHARES COM BHB	BHB	38,947	$1.1m0.41%	0.41%	Unchanged
54	VANGUARD INDEX FDS S&P 500 ETF SHS VOO	VOO	2,525	$1.1m0.39%	0.39%	Unchanged
55	FIDUS INVT CORP COM FDUS	FDUS	55,912	$1.1m0.39%	0.39%	Unchanged
56	BOEING CO COM BA	BA	4,221	$1.1m0.39%	0.39%	Reduced -73	-73 -1.7%
57	ISHARES TR MSCI EAFE ETF EFA	EFA	13,193	$994.1k0.35%	0.35%	Reduced -721	-721 -5.2%
58	GSK PLC SPONSORED ADR GSK	GSK	25,257	$936.0k0.33%	0.33%	Added +3.2k	+3,219 14.6%
59	ISHARES TR 1 3 YR TREAS BD SHY	SHY	11,172	$916.6k0.33%	0.33%	Added +100	+100 0.9%
60	JOHNSON & JOHNSON COM JNJ	JNJ	5,632	$882.8k0.31%	0.31%	New
61	DISNEY WALT CO COM DIS	DIS	9,498	$857.6k0.31%	0.31%	Added +1.3k	+1,280 15.6%
62	DUPONT DE NEMOURS INC COM DWDP	DWDP	10,781	$829.4k0.30%	0.30%	New
63	EASTERN BANKSHARES INC COM EBC	EBC	55,159	$783.3k0.28%	0.28%	Unchanged
64	LAUDER ESTEE COS INC CL A EL	EL	4,858	$710.5k0.25%	0.25%	Added +164	+164 3.5%
65	SCHWAB CHARLES CORP COM SCHW	SCHW	9,782	$673.0k0.24%	0.24%	Added +207	+207 2.2%
66	ISHARES TR RUS 1000 GRW ETF IWF	IWF	2,185	$662.4k0.24%	0.24%	Reduced -45	-45 -2.0%
67	MERCK & CO INC COM MRK	MRK	5,815	$634.0k0.23%	0.23%	Added +1.9k	+1,943 50.2%
68	EXTRA SPACE STORAGE INC COM EXR	EXR	3,910	$626.9k0.22%	0.22%	Unchanged
69	SPDR SER TR MSCI USA STRTGIC QUS	QUS	4,360	$576.0k0.21%	0.21%	New
70	TEXAS INSTRS INC COM TXN	TXN	3,362	$573.1k0.20%	0.20%	Reduced -140	-140 -4.0%
71	BANK AMERICA CORP COM BAC	BAC	16,826	$566.5k0.20%	0.20%	Reduced -205	-205 -1.2%
72	GRAINGER W W INC COM GWW	GWW	681	$564.3k0.20%	0.20%	Added +25	+25 3.8%
73	VANGUARD SCOTTSDALE FDS VNG RUS2000IDX VTWO	VTWO	6,877	$557.7k0.20%	0.20%	Unchanged
74	BERKSHIRE HATHAWAY INC DEL CL A BRK.A	BRK.A	1	$542.6k0.19%	0.19%	Unchanged
75	VERISK ANALYTICS INC COM VRSK	VRSK	2,260	$539.8k0.19%	0.19%	Unchanged
76	EXXON MOBIL CORP COM XOM	XOM	5,110	$510.9k0.18%	0.18%	Added +1.9k	+1,919 60.1%
77	VANGUARD BD INDEX FDS TOTAL BND MRKT BND	BND	6,873	$505.5k0.18%	0.18%	New
78	TORONTO DOMINION BK ONT COM NEW TD	TD	7,622	$492.5k0.18%	0.18%	New
79	ISHARES TR IBOXX HI YD ETF HYG	HYG	6,351	$491.5k0.17%	0.17%	Reduced -70	-70 -1.1%
80	ROYAL BK CDA COM RY	RY	4,800	$485.4k0.17%	0.17%	Unchanged
81	BLACKSTONE INC COM BX	BX	3,603	$471.7k0.17%	0.17%	Reduced -1.6k	-1,587 -30.6%
82	BROADCOM INC COM AVGO	AVGO	403	$449.8k0.16%	0.16%	Reduced -82	-82 -16.9%
83	TRANSUNION COM TRU	TRU	6,400	$439.7k0.16%	0.16%	Reduced -150	-150 -2.3%
84	LINDE PLC SHS LIN	LIN	1,033	$424.3k0.15%	0.15%	Reduced -357	-357 -25.7%
85	READY CAPITAL CORP COM RC	RC	38,856	$398.3k0.14%	0.14%	New
86	PFIZER INC COM PFE	PFE	13,691	$394.2k0.14%	0.14%	Reduced -2.8k	-2,812 -17.0%
87	CONOCOPHILLIPS COM COP	COP	3,375	$391.7k0.14%	0.14%	Unchanged
88	ABBVIE INC COM ABBV	ABBV	2,374	$367.9k0.13%	0.13%	New
89	VERIZON COMMUNICATIONS INC COM VZ	VZ	9,628	$363.0k0.13%	0.13%	Reduced -1.5k	-1,474 -13.3%
90	CISCO SYS INC COM CSCO	CSCO	7,110	$359.2k0.13%	0.13%	Added +2.2k	+2,186 44.4%
91	ISHARES TR NATIONAL MUN ETF MUB	MUB	3,186	$345.4k0.12%	0.12%	Reduced -31.9k	-31,890 -90.9%
92	EMERSON ELEC CO COM EMR	EMR	3,367	$327.7k0.12%	0.12%	Reduced -182	-182 -5.1%
93	SELECT SECTOR SPDR TR COMMUNICATION XLC	XLC	4,440	$322.6k0.11%	0.11%	New
94	ISHARES TR U.S. REAL ES ETF IYR	IYR	3,525	$322.2k0.11%	0.11%	Unchanged
95	COMCAST CORP NEW CL A CMCSA	CMCSA	7,347	$322.2k0.11%	0.11%	New
96	ORACLE CORP COM ORCL	ORCL	3,020	$318.4k0.11%	0.11%	New
97	TESLA INC COM TSLA	TSLA	1,260	$313.1k0.11%	0.11%	Reduced -134	-134 -9.6%
98	INTERNATIONAL BUSINESS MACHS COM IBM	IBM	1,907	$311.9k0.11%	0.11%	New
99	COCA COLA CO COM KO	KO	5,021	$295.9k0.11%	0.11%	Added +167	+167 3.4%
100	BLACKROCK INC COM BLK	BLK	360	$292.2k0.10%	0.10%	New

Sold out since Q3 2023

Security	Ticker	Shares held before	Value then
VANECK ETF TRUST GDXJ	GDXJ	16,056	$517.5k16.1k shares
ISHARES INC IEMG	IEMG	7,552	$359.4k7.6k shares
ISHARES TR EEM	EEM	5,500	$208.7k5.5k shares