Enterprise Bank & Trust Co

LOWELL, MA · CIK 1770710 · 13F filing filed 2024-04-10

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.

$291.3m reported value +3.7% vs Q4 2023

124positions

49.1%in top 10

9 new 21 added 65 reduced 7 sold out vs Q4 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, Q1 2024

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	466,334	$28.3m9.72%	9.72%	Reduced -41.5k	-41,486 -8.2%
2	ISHARES TR CORE US AGGBD ET AGG	AGG	251,845	$24.7m8.47%	8.47%	Added +7.3k	+7,344 3.0%
3	FLEXSHARES TR MORNSTAR UPSTR GUNR	GUNR	432,183	$17.7m6.09%	6.09%	Added +42.9k	+42,940 11.0%
4	MICROSOFT CORP COM MSFT	MSFT	35,737	$15.0m5.16%	5.16%	Reduced -1.1k	-1,057 -2.9%
5	VANGUARD INDEX FDS REAL ESTATE ETF VNQ	VNQ	149,172	$12.9m4.43%	4.43%	Reduced -4.4k	-4,361 -2.8%
6	APPLE INC COM AAPL	AAPL	68,626	$11.8m4.04%	4.04%	Reduced -6.6k	-6,577 -8.8%
7	NVIDIA CORPORATION COM NVDA	NVDA	11,797	$10.7m3.66%	3.66%	Reduced -1.1k	-1,119 -8.7%
8	AMAZON COM INC COM AMZN	AMZN	43,915	$7.9m2.72%	2.72%	Reduced -2.5k	-2,549 -5.5%
9	SPDR S&P 500 ETF TR TR UNIT SPY	SPY	13,826	$7.2m2.48%	2.48%	Reduced -80	-80 -0.6%
10	ALPHABET INC CAP STK CL A GOOGL	GOOGL	44,395	$6.7m2.30%	2.30%	Reduced -1.8k	-1,834 -4.0%
11	META PLATFORMS INC CL A META	META	12,483	$6.1m2.08%	2.08%	Reduced -903	-903 -6.8%
12	JPMORGAN CHASE & CO COM JPM	JPM	29,066	$5.8m2.00%	2.00%	Reduced -1.2k	-1,211 -4.0%
13	ELI LILLY & CO COM LLY	LLY	7,334	$5.7m1.96%	1.96%	Reduced -980	-980 -11.8%
14	COSTCO WHSL CORP NEW COM COST	COST	7,350	$5.4m1.85%	1.85%	Reduced -440	-440 -5.7%
15	UNITEDHEALTH GROUP INC COM UNH	UNH	8,955	$4.4m1.52%	1.52%	Reduced -346	-346 -3.7%
16	CHEVRON CORP NEW COM CVX	CVX	22,920	$3.6m1.24%	1.24%	Added +347	+347 1.5%
17	ISHARES TR CORE S&P500 ETF IVV	IVV	6,854	$3.6m1.24%	1.24%	Added +177	+177 2.6%
18	HOME DEPOT INC COM HD	HD	9,111	$3.5m1.20%	1.20%	Reduced -295	-295 -3.1%
19	SALESFORCE INC COM CRM	CRM	11,295	$3.4m1.17%	1.17%	Reduced -838	-838 -6.9%
20	CHIPOTLE MEXICAN GRILL INC COM CMG	CMG	1,143	$3.3m1.14%	1.14%	Reduced -39	-39 -3.3%
21	TJX COS INC NEW COM TJX	TJX	32,440	$3.3m1.13%	1.13%	Reduced -1.7k	-1,678 -4.9%
22	MASTERCARD INCORPORATED CL A MA	MA	6,823	$3.3m1.13%	1.13%	Reduced -337	-337 -4.7%
23	PEPSICO INC COM PEP	PEP	18,615	$3.3m1.12%	1.12%	Reduced -783	-783 -4.0%
24	ABBOTT LABS COM ABT	ABT	28,344	$3.2m1.11%	1.11%	Reduced -689	-689 -2.4%
25	VISA INC COM CL A V	V	11,439	$3.2m1.10%	1.10%	Reduced -718	-718 -5.9%
26	ACCENTURE PLC IRELAND SHS CLASS A ACN	ACN	9,056	$3.1m1.08%	1.08%	Reduced -415	-415 -4.4%
27	THERMO FISHER SCIENTIFIC INC COM TMO	TMO	4,885	$2.8m0.97%	0.97%	Reduced -267	-267 -5.2%
28	UNION PAC CORP COM UNP	UNP	11,146	$2.7m0.94%	0.94%	Reduced -259	-259 -2.3%
29	HONEYWELL INTL INC COM COM		13,349	$2.7m0.94%	0.94%	Reduced -793	-793 -5.6%
30	PALO ALTO NETWORKS INC COM PANW	PANW	9,557	$2.7m0.93%	0.93%	Reduced -3.1k	-3,137 -24.7%
31	GENERAL DYNAMICS CORP COM GD	GD	9,264	$2.6m0.90%	0.90%	Reduced -347	-347 -3.6%
32	NIKE INC CL B NKE	NKE	27,223	$2.6m0.88%	0.88%	Reduced -2.0k	-2,042 -7.0%
33	ALPHABET INC CAP STK CL C GOOG	GOOG	15,855	$2.4m0.83%	0.83%	Reduced -1.4k	-1,356 -7.9%
34	DANAHER CORPORATION COM DHR	DHR	9,345	$2.3m0.80%	0.80%	Reduced -918	-918 -8.9%
35	INTERCONTINENTAL EXCHANGE IN COM ICE	ICE	16,676	$2.3m0.79%	0.79%	Reduced -1.1k	-1,052 -5.9%
36	CDW CORP COM CDW	CDW	8,015	$2.1m0.70%	0.70%	Reduced -26	-26 -0.3%
37	AMERICAN TOWER CORP NEW COM AMT	AMT	10,341	$2.0m0.70%	0.70%	Reduced -599	-599 -5.5%
38	S&P GLOBAL INC COM SPGI	SPGI	4,779	$2.0m0.70%	0.70%	Reduced -164	-164 -3.3%
39	MARSH & MCLENNAN COS INC COM MRSH	MRSH	9,618	$2.0m0.68%	0.68%	Reduced -393	-393 -3.9%
40	SCHLUMBERGER LTD COM STK SLB	SLB	32,790	$1.8m0.62%	0.62%	Added +772	+772 2.4%
41	ANALOG DEVICES INC COM ADI	ADI	9,014	$1.8m0.61%	0.61%	Reduced -209	-209 -2.3%
42	MONDELEZ INTL INC CL A MDLZ	MDLZ	23,231	$1.6m0.56%	0.56%	Reduced -1.1k	-1,073 -4.4%
43	PROCTER AND GAMBLE CO COM PG	PG	9,935	$1.6m0.55%	0.55%	Added +342	+342 3.6%
44	FREEPORT-MCMORAN INC CL B FCX	FCX	32,476	$1.5m0.52%	0.52%	Reduced -552	-552 -1.7%
45	MASCO CORP COM MAS	MAS	18,869	$1.5m0.51%	0.51%	Reduced -999	-999 -5.0%
46	VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF VWO	VWO	33,701	$1.4m0.48%	0.48%	Added +406	+406 1.2%
47	MOTOROLA SOLUTIONS INC COM NEW MSI	MSI	3,930	$1.4m0.48%	0.48%	Unchanged
48	NEXTERA ENERGY INC COM NEE	NEE	21,704	$1.4m0.48%	0.48%	Reduced -626	-626 -2.8%
49	DISNEY WALT CO COM DIS	DIS	10,414	$1.3m0.44%	0.44%	Added +916	+916 9.6%
50	VANGUARD TAX-MANAGED FDS VAN FTSE DEV MKT VEA	VEA	24,756	$1.2m0.43%	0.43%	Reduced -114	-114 -0.5%
51	VANGUARD INDEX FDS S&P 500 ETF SHS VOO	VOO	2,505	$1.2m0.41%	0.41%	Reduced -20	-20 -0.8%
52	MCDONALDS CORP COM MCD	MCD	4,204	$1.2m0.41%	0.41%	Added +27	+27 0.7%
53	FIDUS INVT CORP COM FDUS	FDUS	55,912	$1.1m0.38%	0.38%	Unchanged
54	ADOBE INC COM ADBE	ADBE	2,155	$1.1m0.37%	0.37%	Reduced -26	-26 -1.2%
55	GSK PLC SPONSORED ADR GSK	GSK	24,784	$1.1m0.36%	0.36%	Reduced -473	-473 -1.9%
56	ISHARES TR MSCI EAFE ETF EFA	EFA	13,193	$1.1m0.36%	0.36%	Unchanged
57	BAR HBR BANKSHARES COM BHB	BHB	38,947	$1.0m0.35%	0.35%	Unchanged
58	BIOGEN INC COM BIIB	BIIB	4,620	$996.2k0.34%	0.34%	Added +4	+4 0.1%
59	ISHARES TR 1 3 YR TREAS BD SHY	SHY	11,172	$913.6k0.31%	0.31%	Unchanged
60	JOHNSON & JOHNSON COM JNJ	JNJ	5,320	$841.6k0.29%	0.29%	Reduced -312	-312 -5.5%
61	DUPONT DE NEMOURS INC COM DWDP	DWDP	10,317	$791.0k0.27%	0.27%	Reduced -464	-464 -4.3%
62	BOEING CO COM BA	BA	4,057	$783.0k0.27%	0.27%	Reduced -164	-164 -3.9%
63	MERCK & CO INC COM MRK	MRK	5,825	$768.6k0.26%	0.26%	Added +10	+10 0.2%
64	EASTERN BANKSHARES INC COM EBC	EBC	55,159	$760.1k0.26%	0.26%	Unchanged
65	LAUDER ESTEE COS INC CL A EL	EL	4,903	$755.8k0.26%	0.26%	Added +45	+45 0.9%
66	ISHARES TR RUS 1000 GRW ETF IWF	IWF	2,164	$729.4k0.25%	0.25%	Reduced -21	-21 -1.0%
67	GRAINGER W W INC COM GWW	GWW	681	$692.8k0.24%	0.24%	Unchanged
68	SCHWAB CHARLES CORP COM SCHW	SCHW	9,127	$660.2k0.23%	0.23%	Reduced -655	-655 -6.7%
69	SPDR SER TR MSCI USA STRTGIC QUS	QUS	4,360	$634.9k0.22%	0.22%	Unchanged
70	BERKSHIRE HATHAWAY INC DEL CL A BRK.A	BRK.A	1	$634.4k0.22%	0.22%	Unchanged
71	BANK AMERICA CORP COM BAC	BAC	15,673	$594.3k0.20%	0.20%	Reduced -1.2k	-1,153 -6.8%
72	VANGUARD SCOTTSDALE FDS VNG RUS2000IDX VTWO	VTWO	6,877	$585.0k0.20%	0.20%	Unchanged
73	EXTRA SPACE STORAGE INC COM EXR	EXR	3,910	$574.8k0.20%	0.20%	Unchanged
74	TEXAS INSTRS INC COM TXN	TXN	3,215	$560.1k0.19%	0.19%	Reduced -147	-147 -4.4%
75	BROADCOM INC COM AVGO	AVGO	395	$523.5k0.18%	0.18%	Reduced -8	-8 -2.0%
76	TRANSUNION COM TRU	TRU	6,400	$510.7k0.18%	0.18%	Unchanged
77	ISHARES TR IBOXX HI YD ETF HYG	HYG	6,351	$493.7k0.17%	0.17%	Unchanged
78	EXXON MOBIL CORP COM XOM	XOM	4,174	$485.2k0.17%	0.17%	Reduced -936	-936 -18.3%
79	ROYAL BK CDA COM RY	RY	4,800	$484.2k0.17%	0.17%	Unchanged
80	VANGUARD BD INDEX FDS TOTAL BND MRKT BND	BND	6,601	$479.4k0.16%	0.16%	Reduced -272	-272 -4.0%
81	BLACKSTONE INC COM BX	BX	3,643	$478.6k0.16%	0.16%	Added +40	+40 1.1%
82	VERISK ANALYTICS INC COM VRSK	VRSK	2,010	$473.8k0.16%	0.16%	Reduced -250	-250 -11.1%
83	TORONTO DOMINION BK ONT COM NEW TD	TD	7,622	$460.2k0.16%	0.16%	Unchanged
84	CONOCOPHILLIPS COM COP	COP	3,475	$442.3k0.15%	0.15%	Added +100	+100 3.0%
85	ABBVIE INC COM ABBV	ABBV	2,379	$433.2k0.15%	0.15%	Added +5	+5 0.2%
86	TEXAS PACIFIC LAND CORPORATI COM TPL	TPL	735	$425.2k0.15%	0.15%	New
87	VERIZON COMMUNICATIONS INC COM VZ	VZ	9,648	$404.8k0.14%	0.14%	Added +20	+20 0.2%
88	EMERSON ELEC CO COM EMR	EMR	3,377	$383.0k0.13%	0.13%	Added +10	+10 0.3%
89	INTERNATIONAL BUSINESS MACHS COM IBM	IBM	1,911	$364.9k0.13%	0.13%	Added +4	+4 0.2%
90	SELECT SECTOR SPDR TR COMMUNICATION XLC	XLC	4,440	$362.6k0.12%	0.12%	Unchanged
91	ISHARES TR NATIONAL MUN ETF MUB	MUB	3,186	$342.8k0.12%	0.12%	Unchanged
92	RTX CORPORATION COM RTX	RTX	3,450	$336.5k0.12%	0.12%	Unchanged
93	ORACLE CORP COM ORCL	ORCL	2,665	$334.8k0.11%	0.11%	Reduced -355	-355 -11.8%
94	CISCO SYS INC COM CSCO	CSCO	6,530	$325.9k0.11%	0.11%	Reduced -580	-580 -8.2%
95	LINDE PLC SHS LIN	LIN	698	$324.1k0.11%	0.11%	Reduced -335	-335 -32.4%
96	ISHARES TR U.S. REAL ES ETF IYR	IYR	3,525	$316.9k0.11%	0.11%	Unchanged
97	VANGUARD INDEX FDS VALUE ETF VTV	VTV	1,944	$316.6k0.11%	0.11%	Unchanged
98	PFIZER INC COM PFE	PFE	11,393	$316.2k0.11%	0.11%	Reduced -2.3k	-2,298 -16.8%
99	VANECK ETF TRUST JUNIOR GOLD MINE GDXJ	GDXJ	8,083	$313.1k0.11%	0.11%	New
100	COMCAST CORP NEW CL A CMCSA	CMCSA	7,162	$310.5k0.11%	0.11%	Reduced -185	-185 -2.5%

Sold out since Q4 2023

Security	Ticker	Shares held before	Value then
READY CAPITAL CORP RC	RC	38,856	$398.3k38.9k shares
TESLA INC TSLA	TSLA	1,260	$313.1k1.3k shares
QUEST DIAGNOSTICS INC DGX	DGX	1,819	$250.8k1.8k shares
BERKSHIRE HATHAWAY INC DEL BRK.B	BRK.B	636	$226.8k636 shares
AIR PRODS & CHEMS INC APD	APD	812	$222.3k812 shares
ZOETIS INC ZTS	ZTS	1,066	$210.4k1.1k shares
VANGUARD INDEX FDS VO	VO	867	$201.7k867 shares