Enterprise Bank & Trust Co

LOWELL, MA · CIK 1770710 · 13F filing filed 2025-04-09

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.

$258.9m reported value -14.8% vs Q4 2024

130positions

42.0%in top 10

6 new 40 added 44 reduced 6 sold out vs Q4 2024

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 2025

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	340,382	$19.9m7.67%	7.67%	Reduced -28.7k	-28,655 -7.8%
2	APPLE INC COM AAPL	AAPL	69,709	$15.5m5.98%	5.98%	Added +506	+506 0.7%
3	MICROSOFT CORP COM MSFT	MSFT	38,169	$14.3m5.53%	5.53%	Added +724	+724 1.9%
4	NVIDIA CORPORATION COM NVDA	NVDA	105,718	$11.5m4.43%	4.43%	Reduced -1.2k	-1,201 -1.1%
5	SPDR S&P 500 ETF TR TR UNIT SPY	SPY	15,386	$8.6m3.32%	3.32%	Reduced -4	-4 -0.0%
6	AMAZON COM INC COM AMZN	AMZN	45,205	$8.6m3.32%	3.32%	Added +515	+515 1.1%
7	VANGUARD INDEX FDS REAL ESTATE ETF VNQ	VNQ	92,028	$8.3m3.22%	3.22%	Reduced -69.7k	-69,688 -43.1%
8	DIMENSIONAL ETF TRUST EMGR CRE EQT MNG DFAE	DFAE	303,408	$7.9m3.03%	3.03%	Added +102.8k	+102,771 51.2%
9	JPMORGAN CHASE & CO COM JPM	JPM	29,855	$7.3m2.83%	2.83%	Added +308	+308 1.0%
10	ALPHABET INC CAP STK CL A GOOGL	GOOGL	44,623	$6.9m2.67%	2.67%	Added +682	+682 1.6%
11	COSTCO WHSL CORP NEW COM COST	COST	7,293	$6.9m2.66%	2.66%	Reduced -24	-24 -0.3%
12	META PLATFORMS INC CL A META	META	11,299	$6.5m2.52%	2.52%	Reduced -229	-229 -2.0%
13	ELI LILLY & CO COM LLY	LLY	5,809	$4.8m1.85%	1.85%	Reduced -620	-620 -9.6%
14	ISHARES TR CORE S&P500 ETF IVV	IVV	7,374	$4.1m1.60%	1.60%	Reduced -44	-44 -0.6%
15	UNITEDHEALTH GROUP INC COM UNH	UNH	7,743	$4.1m1.57%	1.57%	Reduced -267	-267 -3.3%
16	ISHARES TR CORE US AGGBD ET AGG	AGG	40,457	$4.0m1.55%	1.55%	Reduced -233.0k	-233,038 -85.2%
17	TJX COS INC NEW COM TJX	TJX	31,376	$3.8m1.48%	1.48%	Reduced -197	-197 -0.6%
18	ABBOTT LABS COM ABT	ABT	28,651	$3.8m1.47%	1.47%	Added +548	+548 1.9%
19	MASTERCARD INCORPORATED CL A MA	MA	6,929	$3.8m1.47%	1.47%	Added +42	+42 0.6%
20	VISA INC COM CL A V	V	10,832	$3.8m1.47%	1.47%	Reduced -165	-165 -1.5%
21	CHEVRON CORP NEW COM CVX	CVX	21,260	$3.6m1.37%	1.37%	Reduced -482	-482 -2.2%
22	HOME DEPOT INC COM HD	HD	9,447	$3.5m1.34%	1.34%	Reduced -46	-46 -0.5%
23	PALO ALTO NETWORKS INC COM PANW	PANW	19,302	$3.3m1.27%	1.27%	Reduced -41	-41 -0.2%
24	INTERCONTINENTAL EXCHANGE IN COM ICE	ICE	17,109	$3.0m1.14%	1.14%	Added +220	+220 1.3%
25	SALESFORCE INC COM CRM	CRM	10,901	$2.9m1.13%	1.13%	Added +23	+23 0.2%
26	CHIPOTLE MEXICAN GRILL INC COM CMG	CMG	58,103	$2.9m1.13%	1.13%	Added +849	+849 1.5%
27	PEPSICO INC COM PEP	PEP	18,244	$2.7m1.06%	1.06%	Reduced -280	-280 -1.5%
28	HONEYWELL INTL INC COM COM		12,561	$2.7m1.03%	1.03%	Reduced -686	-686 -5.2%
29	UNION PAC CORP COM UNP	UNP	11,141	$2.6m1.02%	1.02%	Reduced -98	-98 -0.9%
30	MARSH & MCLENNAN COS INC COM MRSH	MRSH	10,219	$2.5m0.96%	0.96%	Added +499	+499 5.1%
31	S&P GLOBAL INC COM SPGI	SPGI	4,725	$2.4m0.93%	0.93%	Reduced -29	-29 -0.6%
32	ACCENTURE PLC IRELAND SHS CLASS A ACN	ACN	7,580	$2.4m0.91%	0.91%	Added +68	+68 0.9%
33	GENERAL DYNAMICS CORP COM GD	GD	8,572	$2.3m0.90%	0.90%	Added +139	+139 1.6%
34	MCDONALDS CORP COM MCD	MCD	7,464	$2.3m0.90%	0.90%	Reduced -16	-16 -0.2%
35	ALPHABET INC CAP STK CL C GOOG	GOOG	14,823	$2.3m0.89%	0.89%	Reduced -454	-454 -3.0%
36	AMERICAN TOWER CORP NEW COM AMT	AMT	10,576	$2.3m0.89%	0.89%	Added +152	+152 1.5%
37	THERMO FISHER SCIENTIFIC INC COM TMO	TMO	4,297	$2.1m0.83%	0.83%	Reduced -368	-368 -7.9%
38	PROCTER AND GAMBLE CO COM PG	PG	11,040	$1.9m0.73%	0.73%	Added +75	+75 0.7%
39	ANALOG DEVICES INC COM ADI	ADI	9,155	$1.8m0.71%	0.71%	Added +88	+88 1.0%
40	NEXTERA ENERGY INC COM NEE	NEE	25,602	$1.8m0.70%	0.70%	Added +2.1k	+2,091 8.9%
41	MOTOROLA SOLUTIONS INC COM NEW MSI	MSI	3,736	$1.6m0.63%	0.63%	Unchanged
42	MONDELEZ INTL INC CL A MDLZ	MDLZ	23,794	$1.6m0.62%	0.62%	Added +491	+491 2.1%
43	VANGUARD INDEX FDS S&P 500 ETF SHS VOO	VOO	2,860	$1.5m0.57%	0.57%	Added +97	+97 3.5%
44	VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF VWO	VWO	29,890	$1.4m0.52%	0.52%	Reduced -3.5k	-3,495 -10.5%
45	SCHLUMBERGER LTD COM STK SLB	SLB	32,298	$1.4m0.52%	0.52%	Added +282	+282 0.9%
46	NIKE INC CL B NKE	NKE	21,146	$1.3m0.52%	0.52%	Reduced -1.5k	-1,544 -6.8%
47	CDW CORP COM CDW	CDW	8,055	$1.3m0.50%	0.50%	Added +30	+30 0.4%
48	VANGUARD TAX-MANAGED FDS VAN FTSE DEV MKT VEA	VEA	24,264	$1.2m0.48%	0.48%	Reduced -668	-668 -2.7%
49	RTX CORPORATION COM RTX	RTX	9,229	$1.2m0.47%	0.47%	Added +5.7k	+5,650 157.9%
50	FREEPORT-MCMORAN INC CL B FCX	FCX	31,397	$1.2m0.46%	0.46%	Reduced -470	-470 -1.5%
51	FIDUS INVT CORP COM FDUS	FDUS	55,912	$1.1m0.44%	0.44%	Unchanged
52	DISNEY WALT CO COM DIS	DIS	10,874	$1.1m0.41%	0.41%	Added +189	+189 1.8%
53	CARRIER GLOBAL CORPORATION COM CARR	CARR	16,013	$1.0m0.39%	0.39%	New
54	ORACLE CORP COM ORCL	ORCL	7,079	$989.7k0.38%	0.38%	Added +499	+499 7.6%
55	DANAHER CORPORATION COM DHR	DHR	4,816	$987.3k0.38%	0.38%	Reduced -4.2k	-4,211 -46.6%
56	TEXAS PACIFIC LAND CORPORATI COM TPL	TPL	735	$973.9k0.38%	0.38%	Unchanged
57	GSK PLC SPONSORED ADR GSK	GSK	24,616	$953.6k0.37%	0.37%	Reduced -2.3k	-2,276 -8.5%
58	ISHARES TR MSCI EAFE ETF EFA	EFA	11,650	$952.2k0.37%	0.37%	Reduced -749	-749 -6.0%
59	ISHARES TR 1 3 YR TREAS BD SHY	SHY	11,172	$924.3k0.36%	0.36%	Unchanged
60	SCHWAB CHARLES CORP COM SCHW	SCHW	11,596	$907.7k0.35%	0.35%	Added +383	+383 3.4%
61	BLACKSTONE INC COM BX	BX	6,340	$886.2k0.34%	0.34%	Added +877	+877 16.1%
62	JOHNSON & JOHNSON COM JNJ	JNJ	5,283	$876.1k0.34%	0.34%	Added +185	+185 3.6%
63	BROADCOM INC COM AVGO	AVGO	5,165	$864.8k0.33%	0.33%	Added +1.6k	+1,647 46.8%
64	ADOBE INC COM ADBE	ADBE	2,213	$848.8k0.33%	0.33%	Added +7	+7 0.3%
65	BERKSHIRE HATHAWAY INC DEL CL A BRK.A	BRK.A	1	$798.4k0.31%	0.31%	Unchanged
66	DUPONT DE NEMOURS INC COM DWDP	DWDP	10,042	$749.9k0.29%	0.29%	Reduced -119	-119 -1.2%
67	ISHARES TR RUS 1000 GRW ETF IWF	IWF	2,047	$739.2k0.29%	0.29%	Reduced -97	-97 -4.5%
68	EATON CORP PLC SHS ETN	ETN	2,684	$729.6k0.28%	0.28%	Added +484	+484 22.0%
69	SPDR SER TR MSCI USA STRTGIC QUS	QUS	4,360	$683.2k0.26%	0.26%	Unchanged
70	BANK AMERICA CORP COM BAC	BAC	15,903	$663.6k0.26%	0.26%	Reduced -204	-204 -1.3%
71	EXXON MOBIL CORP COM XOM	XOM	5,354	$636.8k0.25%	0.25%	Added +35	+35 0.7%
72	CISCO SYS INC COM CSCO	CSCO	9,620	$593.6k0.23%	0.23%	Added +2.8k	+2,830 41.7%
73	EXTRA SPACE STORAGE INC COM EXR	EXR	3,912	$580.9k0.22%	0.22%	Unchanged
74	TEXAS INSTRS INC COM TXN	TXN	3,169	$569.5k0.22%	0.22%	Unchanged
75	VANGUARD SCOTTSDALE FDS VNG RUS2000IDX VTWO	VTWO	6,877	$554.6k0.21%	0.21%	Unchanged
76	SERVICENOW INC COM NOW	NOW	691	$550.1k0.21%	0.21%	Added +344	+344 99.1%
77	BAR HBR BANKSHARES COM BHB	BHB	18,447	$544.2k0.21%	0.21%	Unchanged
78	ROYAL BK CDA COM RY	RY	4,800	$541.1k0.21%	0.21%	Unchanged
79	TRANSUNION COM TRU	TRU	6,400	$531.1k0.21%	0.21%	Unchanged
80	MERCK & CO INC COM MRK	MRK	5,761	$517.1k0.20%	0.20%	Unchanged
81	BLACKROCK INC COM BLK	BLK	526	$497.8k0.19%	0.19%	Added +142	+142 37.0%
82	INTERNATIONAL BUSINESS MACHS COM IBM	IBM	1,980	$492.3k0.19%	0.19%	Unchanged
83	COMCAST CORP NEW CL A CMCSA	CMCSA	13,161	$485.6k0.19%	0.19%	Added +379	+379 3.0%
84	ABBVIE INC COM ABBV	ABBV	2,306	$483.2k0.19%	0.19%	Unchanged
85	WALMART INC COM WMT	WMT	5,455	$478.9k0.18%	0.18%	Reduced -1	-1 -0.0%
86	BOEING CO COM BA	BA	2,789	$475.7k0.18%	0.18%	Reduced -13	-13 -0.5%
87	TORONTO DOMINION BK ONT COM NEW TD	TD	7,622	$456.9k0.18%	0.18%	Unchanged
88	ADVANCED MICRO DEVICES INC COM AMD	AMD	4,298	$441.6k0.17%	0.17%	Added +2.2k	+2,245 109.3%
89	MASCO CORP COM MAS	MAS	6,215	$432.2k0.17%	0.17%	Reduced -12.5k	-12,543 -66.9%
90	SELECT SECTOR SPDR TR COMMUNICATION XLC	XLC	4,440	$428.2k0.17%	0.17%	Unchanged
91	VERIZON COMMUNICATIONS INC COM VZ	VZ	8,997	$408.1k0.16%	0.16%	Reduced -58	-58 -0.6%
92	EASTERN BANKSHARES INC COM EBC	EBC	24,234	$397.4k0.15%	0.15%	Unchanged
93	ZIMMER BIOMET HOLDINGS INC COM ZBH	ZBH	3,432	$388.4k0.15%	0.15%	New
94	CENCORA INC COM COR	COR	1,385	$385.2k0.15%	0.15%	Added +322	+322 30.3%
95	CELESTICA INC COM CLS	CLS	4,724	$372.6k0.14%	0.14%	Unchanged
96	EMERSON ELEC CO COM EMR	EMR	3,374	$369.9k0.14%	0.14%	Unchanged
97	BIOGEN INC COM BIIB	BIIB	2,663	$364.4k0.14%	0.14%	Reduced -201	-201 -7.0%
98	ISHARES TR NATIONAL MUN ETF MUB	MUB	3,294	$347.3k0.13%	0.13%	Reduced -393	-393 -10.7%
99	COCA COLA CO COM KO	KO	4,795	$343.4k0.13%	0.13%	Added +485	+485 11.2%
100	ISHARES TR U.S. REAL ES ETF IYR	IYR	3,525	$337.5k0.13%	0.13%	Unchanged

Sold out since Q4 2024

Security	Ticker	Shares held before	Value then
FLEXSHARES TR GUNR	GUNR	153,341	$5.6m153.3k shares
GRAINGER W W INC GWW	GWW	900	$948.6k900 shares
MICROCHIP TECHNOLOGY INC. MCHP	MCHP	3,947	$226.4k3.9k shares
BANK NOVA SCOTIA HALIFAX BNS	BNS	3,977	$213.6k4.0k shares
ROCKWELL AUTOMATION INC ROK	ROK	721	$206.1k721 shares
VANGUARD INDEX FDS VB	VB	850	$204.2k850 shares