Enterprise Bank & Trust Co

LOWELL, MA · CIK 1770710 · 13F filing filed 2025-07-07

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.

$267.4m reported value +3.3% vs Q1 2025

135positions

45.4%in top 10

9 new 27 added 48 reduced 4 sold out vs Q1 2025

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 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	311,078	$19.3m7.21%	7.21%	Reduced -29.3k	-29,304 -8.6%
2	MICROSOFT CORP COM MSFT	MSFT	37,515	$18.7m6.98%	6.98%	Reduced -654	-654 -1.7%
3	NVIDIA CORPORATION COM NVDA	NVDA	101,120	$16.0m5.97%	5.97%	Reduced -4.6k	-4,598 -4.3%
4	APPLE INC COM AAPL	AAPL	69,739	$14.3m5.35%	5.35%	Added +30	+30 0.0%
5	AMAZON COM INC COM AMZN	AMZN	45,203	$9.9m3.71%	3.71%	Reduced -2	-2 0.0%
6	SPDR S&P 500 ETF TR TR UNIT SPY	SPY	15,296	$9.5m3.53%	3.53%	Reduced -90	-90 -0.6%
7	DIMENSIONAL ETF TRUST EMGR CRE EQT MNG DFAE	DFAE	318,236	$9.2m3.45%	3.45%	Added +14.8k	+14,828 4.9%
8	JPMORGAN CHASE & CO COM JPM	JPM	29,540	$8.6m3.20%	3.20%	Reduced -315	-315 -1.1%
9	META PLATFORMS INC CL A META	META	11,071	$8.2m3.06%	3.06%	Reduced -228	-228 -2.0%
10	ALPHABET INC CAP STK CL A GOOGL	GOOGL	44,254	$7.8m2.92%	2.92%	Reduced -369	-369 -0.8%
11	COSTCO WHSL CORP NEW COM COST	COST	7,204	$7.1m2.67%	2.67%	Reduced -89	-89 -1.2%
12	ELI LILLY & CO COM LLY	LLY	5,795	$4.5m1.69%	1.69%	Reduced -14	-14 -0.2%
13	PALO ALTO NETWORKS INC COM PANW	PANW	19,249	$3.9m1.47%	1.47%	Reduced -53	-53 -0.3%
14	ABBOTT LABS COM ABT	ABT	28,830	$3.9m1.47%	1.47%	Added +179	+179 0.6%
15	MASTERCARD INCORPORATED CL A MA	MA	6,936	$3.9m1.46%	1.46%	Added +7	+7 0.1%
16	ISHARES TR CORE US AGGBD ET AGG	AGG	39,041	$3.9m1.45%	1.45%	Reduced -1.4k	-1,416 -3.5%
17	TJX COS INC NEW COM TJX	TJX	31,205	$3.9m1.44%	1.44%	Reduced -171	-171 -0.6%
18	VISA INC COM CL A V	V	10,805	$3.8m1.43%	1.43%	Reduced -27	-27 -0.2%
19	HOME DEPOT INC COM HD	HD	9,434	$3.5m1.29%	1.29%	Reduced -13	-13 -0.1%
20	CHIPOTLE MEXICAN GRILL INC COM CMG	CMG	58,103	$3.3m1.22%	1.22%	Unchanged
21	INTERCONTINENTAL EXCHANGE IN COM ICE	ICE	17,109	$3.1m1.17%	1.17%	Unchanged
22	CHEVRON CORP NEW COM CVX	CVX	20,868	$3.0m1.12%	1.12%	Reduced -392	-392 -1.8%
23	SALESFORCE INC COM CRM	CRM	10,910	$3.0m1.11%	1.11%	Added +9	+9 0.1%
24	HONEYWELL INTL INC COM COM		12,769	$3.0m1.11%	1.11%	Added +208	+208 1.7%
25	UNION PAC CORP COM UNP	UNP	11,447	$2.6m0.98%	0.98%	Added +306	+306 2.8%
26	ALPHABET INC CAP STK CL C GOOG	GOOG	14,515	$2.6m0.96%	0.96%	Reduced -308	-308 -2.1%
27	S&P GLOBAL INC COM SPGI	SPGI	4,725	$2.5m0.93%	0.93%	Unchanged
28	ACCENTURE PLC IRELAND SHS CLASS A ACN	ACN	8,220	$2.5m0.92%	0.92%	Added +640	+640 8.4%
29	GENERAL DYNAMICS CORP COM GD	GD	8,377	$2.4m0.91%	0.91%	Reduced -195	-195 -2.3%
30	UNITEDHEALTH GROUP INC COM UNH	UNH	7,663	$2.4m0.89%	0.89%	Reduced -80	-80 -1.0%
31	AMERICAN TOWER CORP NEW COM AMT	AMT	10,740	$2.4m0.89%	0.89%	Added +164	+164 1.6%
32	PEPSICO INC COM PEP	PEP	17,818	$2.4m0.88%	0.88%	Reduced -426	-426 -2.3%
33	MARSH & MCLENNAN COS INC COM MRSH	MRSH	10,201	$2.2m0.83%	0.83%	Reduced -18	-18 -0.2%
34	MCDONALDS CORP COM MCD	MCD	7,464	$2.2m0.82%	0.82%	Unchanged
35	ANALOG DEVICES INC COM ADI	ADI	9,155	$2.2m0.81%	0.81%	Unchanged
36	PROCTER AND GAMBLE CO COM PG	PG	11,361	$1.8m0.68%	0.68%	Added +321	+321 2.9%
37	THERMO FISHER SCIENTIFIC INC COM TMO	TMO	4,422	$1.8m0.67%	0.67%	Added +125	+125 2.9%
38	NEXTERA ENERGY INC COM NEE	NEE	25,427	$1.8m0.66%	0.66%	Reduced -175	-175 -0.7%
39	ISHARES TR CORE S&P500 ETF IVV	IVV	2,765	$1.7m0.64%	0.64%	Reduced -4.6k	-4,609 -62.5%
40	BROADCOM INC COM AVGO	AVGO	6,012	$1.7m0.62%	0.62%	Added +847	+847 16.4%
41	ORACLE CORP COM ORCL	ORCL	7,556	$1.7m0.62%	0.62%	Added +477	+477 6.7%
42	MONDELEZ INTL INC CL A MDLZ	MDLZ	23,964	$1.6m0.60%	0.60%	Added +170	+170 0.7%
43	VANGUARD INDEX FDS S&P 500 ETF SHS VOO	VOO	2,789	$1.6m0.59%	0.59%	Reduced -71	-71 -2.5%
44	MOTOROLA SOLUTIONS INC COM NEW MSI	MSI	3,736	$1.6m0.59%	0.59%	Unchanged
45	VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF VWO	VWO	29,890	$1.5m0.55%	0.55%	Unchanged
46	NIKE INC CL B NKE	NKE	20,044	$1.4m0.53%	0.53%	Reduced -1.1k	-1,102 -5.2%
47	CDW CORP COM CDW	CDW	7,939	$1.4m0.53%	0.53%	Reduced -116	-116 -1.4%
48	RTX CORPORATION COM RTX	RTX	9,418	$1.4m0.51%	0.51%	Added +189	+189 2.0%
49	DISNEY WALT CO COM DIS	DIS	11,026	$1.4m0.51%	0.51%	Added +152	+152 1.4%
50	VANGUARD TAX-MANAGED FDS VAN FTSE DEV MKT VEA	VEA	23,933	$1.4m0.51%	0.51%	Reduced -331	-331 -1.4%
51	FREEPORT-MCMORAN INC CL B FCX	FCX	31,220	$1.4m0.51%	0.51%	Reduced -177	-177 -0.6%
52	CARRIER GLOBAL CORPORATION COM CARR	CARR	16,613	$1.2m0.45%	0.45%	Added +600	+600 3.8%
53	FIDUS INVT CORP COM FDUS	FDUS	55,912	$1.1m0.42%	0.42%	Unchanged
54	SCHWAB CHARLES CORP COM SCHW	SCHW	12,006	$1.1m0.41%	0.41%	Added +410	+410 3.5%
55	SCHLUMBERGER LTD COM STK SLB	SLB	32,185	$1.1m0.41%	0.41%	Reduced -113	-113 -0.3%
56	ISHARES TR MSCI EAFE ETF EFA	EFA	11,540	$1.0m0.39%	0.39%	Reduced -110	-110 -0.9%
57	JOHNSON & JOHNSON COM JNJ	JNJ	6,306	$963.2k0.36%	0.36%	Added +1.0k	+1,023 19.4%
58	GSK PLC SPONSORED ADR GSK	GSK	24,455	$939.1k0.35%	0.35%	Reduced -161	-161 -0.7%
59	DANAHER CORPORATION COM DHR	DHR	4,706	$929.6k0.35%	0.35%	Reduced -110	-110 -2.3%
60	ISHARES TR 1 3 YR TREAS BD SHY	SHY	11,172	$925.7k0.35%	0.35%	Unchanged
61	VANGUARD INDEX FDS MID CAP ETF VO	VO	3,208	$897.7k0.34%	0.34%	New
62	ISHARES TR RUS 1000 GRW ETF IWF	IWF	2,047	$869.1k0.32%	0.32%	Unchanged
63	ADOBE INC COM ADBE	ADBE	2,183	$844.6k0.32%	0.32%	Reduced -30	-30 -1.4%
64	BLACKSTONE INC COM BX	BX	5,520	$825.7k0.31%	0.31%	Reduced -820	-820 -12.9%
65	TEXAS PACIFIC LAND CORPORATI COM TPL	TPL	735	$776.4k0.29%	0.29%	Unchanged
66	BANK AMERICA CORP COM BAC	BAC	15,903	$752.5k0.28%	0.28%	Unchanged
67	CELESTICA INC COM CLS	CLS	4,724	$736.7k0.28%	0.28%	Unchanged
68	BERKSHIRE HATHAWAY INC DEL CL A BRK.A	BRK.A	1	$728.8k0.27%	0.27%	Unchanged
69	CISCO SYS INC COM CSCO	CSCO	10,447	$724.8k0.27%	0.27%	Added +827	+827 8.6%
70	SPDR SER TR MSCI USA STRTGIC QUS	QUS	4,360	$711.1k0.27%	0.27%	Unchanged
71	EATON CORP PLC SHS ETN	ETN	1,980	$706.8k0.26%	0.26%	Reduced -704	-704 -26.2%
72	DUPONT DE NEMOURS INC COM DWDP	DWDP	10,227	$701.5k0.26%	0.26%	Added +185	+185 1.8%
73	TEXAS INSTRS INC COM TXN	TXN	3,169	$657.9k0.25%	0.25%	Unchanged
74	ROYAL BK CDA COM RY	RY	4,800	$631.4k0.24%	0.24%	Unchanged
75	EXXON MOBIL CORP COM XOM	XOM	5,733	$618.0k0.23%	0.23%	Added +379	+379 7.1%
76	VANGUARD INDEX FDS SMALL CP ETF VB	VB	2,471	$585.6k0.22%	0.22%	New
77	INTERNATIONAL BUSINESS MACHS COM IBM	IBM	1,980	$583.7k0.22%	0.22%	Unchanged
78	BOEING CO COM BA	BA	2,775	$581.4k0.22%	0.22%	Reduced -14	-14 -0.5%
79	EXTRA SPACE STORAGE INC COM EXR	EXR	3,912	$576.8k0.22%	0.22%	Unchanged
80	ADVANCED MICRO DEVICES INC COM AMD	AMD	4,028	$571.6k0.21%	0.21%	Reduced -270	-270 -6.3%
81	COMCAST CORP NEW CL A CMCSA	CMCSA	15,951	$569.3k0.21%	0.21%	Added +2.8k	+2,790 21.2%
82	TRANSUNION COM TRU	TRU	6,400	$563.2k0.21%	0.21%	Unchanged
83	TORONTO DOMINION BK ONT COM NEW TD	TD	7,622	$559.8k0.21%	0.21%	Unchanged
84	BLACKROCK INC COM BLK	BLK	526	$551.9k0.21%	0.21%	Unchanged
85	WALMART INC COM WMT	WMT	5,455	$533.4k0.20%	0.20%	Unchanged
86	CENCORA INC COM COR	COR	1,706	$511.5k0.19%	0.19%	Added +321	+321 23.2%
87	SELECT SECTOR SPDR TR COMMUNICATION XLC	XLC	4,440	$481.9k0.18%	0.18%	Unchanged
88	MERCK & CO INC COM MRK	MRK	5,761	$456.0k0.17%	0.17%	Unchanged
89	BAR HBR BANKSHARES COM BHB	BHB	15,067	$451.4k0.17%	0.17%	Reduced -3.4k	-3,380 -18.3%
90	EMERSON ELEC CO COM EMR	EMR	3,374	$449.9k0.17%	0.17%	Unchanged
91	SERVICENOW INC COM NOW	NOW	436	$448.2k0.17%	0.17%	Reduced -255	-255 -36.9%
92	ABBVIE INC COM ABBV	ABBV	2,306	$428.0k0.16%	0.16%	Unchanged
93	VERIZON COMMUNICATIONS INC COM VZ	VZ	8,897	$385.0k0.14%	0.14%	Reduced -100	-100 -1.1%
94	ISHARES TR NATIONAL MUN ETF MUB	MUB	3,294	$344.2k0.13%	0.13%	Unchanged
95	VANGUARD INDEX FDS GROWTH ETF VUG	VUG	785	$344.1k0.13%	0.13%	Reduced -40	-40 -4.8%
96	COCA COLA CO COM KO	KO	4,795	$339.2k0.13%	0.13%	Unchanged
97	ZIMMER BIOMET HOLDINGS INC COM ZBH	ZBH	3,647	$332.6k0.12%	0.12%	Added +215	+215 6.3%
98	BIOGEN INC COM BIIB	BIIB	2,618	$328.8k0.12%	0.12%	Reduced -45	-45 -1.7%
99	METLIFE INC COM MET	MET	4,038	$324.7k0.12%	0.12%	Unchanged
100	TRUIST FINL CORP COM TFC	TFC	7,536	$324.0k0.12%	0.12%	Added +2.5k	+2,485 49.2%

Sold out since Q1 2025

Security	Ticker	Shares held before	Value then
VANGUARD INDEX FDS VNQ	VNQ	92,028	$8.3m92.0k shares
VANGUARD SCOTTSDALE FDS VTWO	VTWO	6,877	$554.6k6.9k shares
NORTHEAST BK PORTLAND ME NBN	NBN	3,296	$301.7k3.3k shares
M & T BK CORP MTB	MTB	1,234	$220.6k1.2k shares