SEC 13F Intelligence

Managers / Q2 2023 · view latest →

Enterprise Bank & Trust Co

CIK 0001770710 · 222 MERRIMACK STREET, LOWELL, MA, 01852 · 978-459-9000

Reported Value
$261M
Q2 2023
Positions
115
Filings on Record
26
2019–present window
Filed
Jul 6, 2023
original filing

Summary

Enterprise Bank & Trust Co reported $261M in U.S.-listed holdings across 115 positions for Q2 2023.

The portfolio is heavily concentrated: IJH alone accounts for 23.1% of reported value.

Compared with Q1 2023, the fund opened 20 new positions and exited 8.

Portfolio Metrics

Turnover
+3.5%
vs prior filed quarter
Top-10 Concentration
+56.2%
share of reported value
Largest Position
+23.1%
Ishares Tr
New / Exited
20 / 8
positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded, with multiple share classes and repeated sub-manager rows for the same issuer combined into one position — the same rule the holdings table uses by default. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q1 ’19: $243MQ1 ’19Q2 ’19: $194MQ3 ’19: $206MQ4 ’19: $223MQ1 ’20: $169MQ1 ’20Q2 ’20: $200MQ3 ’20: $212MQ4 ’20: $233MQ1 ’21: $237MQ1 ’21Q2 ’21: $253MQ3 ’21: $253MQ4 ’21: $286MQ1 ’22: $255MQ1 ’22Q2 ’22: $221MQ3 ’22: $192MQ4 ’22: $211MQ1 ’23: $231MQ1 ’23Q2 ’23: $261MQ3 ’23: $243MQ4 ’23: $281MQ1 ’24: $291MQ1 ’24Q2 ’24: $293MQ3 ’24: $310MQ4 ’24: $304MQ1 ’25: $259MQ1 ’25Q2 ’25: $267Mfilingsflow.com

Portfolio Composition

By security type
Common Stock: 60.0%ETP: 38.6%REIT: 1.1%ADR: 0.3%Other: 0.1%
  • Common Stock · 60.0% · $157M
  • ETP · 38.6% · $101M
  • REIT · 1.1% · $3M
  • ADR · 0.3% · $776,346
  • Other · 0.1% · $148,815

Quarter-over-Quarter Changes full breakdown →

vs Q1 2023 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
ADIANALOG DEVICES INCNEW+8.2K8.2K+$2M$2M
NEENEXTERA ENERGY INCNEW+21.4K21.4K+$2M$2M
MSIMOTOROLA SOLUTIONS INCNEW+4.0K4.0K+$1M$1M
MASMASCO CORPNEW+17.3K17.3K+$995,199$995,199
EBCEASTERN BANKSHARES INCNEW+55.2K55.2K+$676,801$676,801
SCHWSCHWAB CHARLES CORPNEW+9.7K9.7K+$547,982$547,982
TRUTRANSUNIONNEW+6.5K6.5K+$513,062$513,062
BXBLACKSTONE INCNEW+5.2K5.2K+$482,514$482,514

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q2 2023

97 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1IJHISHARES TRCORE S&P MCP ETF · CORE US AGGBD ET · NATIONAL MUN ETF · CORE S&P500 ETF · MSCI EAFE ETF · MSCI KLD400 SOC · 1 3 YR TREAS BD · RUS 1000 GRW ETF · IBOXX HI YD ETF · U.S. REAL ES ETF · RUS MID CAP ETF · MBS ETF · MSCI EMG MKT ETF23.14%$60M438.1K
2GUNRFLEXSHARES TRhistory →MORNSTAR UPSTR5.65%$15M368.6K
3AAPLAPPLE INChistory →COM5.36%$14M72.2K
4VNQVANGUARD INDEX FDSREAL ESTATE ETF · S&P 500 ETF SHS · VALUE ETF · GROWTH ETF5.33%$14M152.1K
5MSFTMICROSOFT CORPhistory →COM4.61%$12M35.4K
6GOOGLALPHABET INCCAP STK CL A · CAP STK CL C2.94%$8M64.0K
7SPYSPDR S&P 500 ETF TRhistory →TR UNIT2.66%$7M15.7K
8AMZNAMAZON COM INChistory →COM2.38%$6M47.8K
9NVDANVIDIA CORPORATIONhistory →COM2.37%$6M14.7K
10UNHUNITEDHEALTH GROUP INChistory →COM1.75%$5M9.5K
11LLYLILLY ELI & COhistory →COM1.68%$4M9.4K
12COSTCOSTCO WHSL CORP NEWhistory →COM1.66%$4M8.0K
13JPMJPMORGAN CHASE & COhistory →COM1.56%$4M28.1K
14METAMETA PLATFORMS INChistory →CL A1.50%$4M13.6K
15PANWPALO ALTO NETWORKS INChistory →COM1.46%$4M15.0K
16CVXCHEVRON CORP NEWhistory →COM1.42%$4M23.5K
17PEPPEPSICO INChistory →COM1.35%$4M19.1K
18NKENIKE INChistory →CL B1.24%$3M29.4K
19TJXTJX COS INC NEWhistory →COM1.19%$3M36.6K
20ABTABBOTT LABShistory →COM1.12%$3M26.8K
21MAMASTERCARD INCORPORATEDhistory →CL A1.08%$3M7.1K
22VVISA INChistory →COM CL A1.05%$3M11.6K
23TMOTHERMO FISHER SCIENTIFIC INChistory →COM1.04%$3M5.2K
24HDHOME DEPOT INChistory →COM1.04%$3M8.7K
25HONHONEYWELL INTL INChistory →COM1.00%$3M12.7K
26ACNACCENTURE PLC IRELANDhistory →SHS CLASS A1.00%$3M8.5K
27CRMSALESFORCE INCCOM1.00%$3M12.3K
28CMGCHIPOTLE MEXICAN GRILL INCCOM0.98%$3M1.2K
29DHRDANAHER CORPORATIONCOM0.96%$3M10.5K
30UNPUNION PAC CORPCOM0.84%$2M10.7K
31AMTAMERICAN TOWER CORP NEWCOM0.83%$2M11.2K
32SPGIS&P GLOBAL INCCOM0.79%$2M5.2K
33GDGENERAL DYNAMICS CORPCOM0.77%$2M9.4K
34TXNTEXAS INSTRS INCCOM0.66%$2M9.6K
35ICEINTERCONTINENTAL EXCHANGE INCOM0.65%$2M15.1K
36ADIANALOG DEVICES INCCOM0.61%$2M8.2K
37NEENEXTERA ENERGY INCCOM0.61%$2M21.4K
38MRSHMARSH & MCLENNAN COS INCCOM0.57%$2M8.0K
39SLBSCHLUMBERGER LTDCOM STK0.57%$1M30.4K
40MDLZMONDELEZ INTL INCCL A0.55%$1M19.8K
41VWOVANGUARD INTL EQUITY INDEX FFTSE EMR MKT ETF0.54%$1M34.7K
42CDWCDW CORPCOM0.51%$1M7.3K
43FCXFREEPORT-MCMORAN INCCL B0.50%$1M32.9K
44BIIBBIOGEN INCCOM0.50%$1M4.6K
45VEAVANGUARD TAX-MANAGED FDSVAN FTSE DEV MKT0.45%$1M25.7K
46PGPROCTER AND GAMBLE COCOM0.45%$1M7.7K
47MSIMOTOROLA SOLUTIONS INCCOM NEW0.44%$1M4.0K
48FDUSFIDUS INVT CORPCOM0.42%$1M55.9K
49MASMASCO CORPCOM0.38%$995,19917.3K
50GDXJVANECK ETF TRUSTJUNIOR GOLD MINE · GOLD MINERS ETF0.37%$975,09829.4K
51ADBEADOBE SYSTEMS INCORPORATEDCOM0.37%$969,6672.0K
52BHBBAR HBR BANKSHARESCOM0.37%$959,65438.9K
53JNJJOHNSON & JOHNSONCOM0.36%$951,9065.8K
54ELLAUDER ESTEE COS INCCL A0.36%$940,2674.8K
55BABOEING COCOM0.34%$884,9724.2K
56DISDISNEY WALT COCOM0.32%$827,0909.3K
57GSKGSK PLCSPONSORED ADR0.30%$776,34621.8K
58DDDUPONT DE NEMOURS INCCOM0.29%$748,69110.5K
59BRK/ABERKSHIRE HATHAWAY INC DELCL A · CL B NEW0.28%$740,824655
60MCDMCDONALDS CORPCOM0.26%$677,9882.3K
61EBCEASTERN BANKSHARES INCCOM0.26%$676,80155.2K
62PFEPFIZER INCCOM0.24%$622,97317.0K
63EXREXTRA SPACE STORAGE INCCOM0.22%$582,0043.9K
64VZVERIZON COMMUNICATIONS INCCOM0.22%$580,90815.6K
65VRSKVERISK ANALYTICS INCCOM0.22%$576,3772.5K
66BACBANK AMERICA CORPCOM0.21%$559,31219.5K
67SCHWSCHWAB CHARLES CORPCOM0.21%$547,9829.7K
68LINLINDE PLCSHS0.20%$533,5121.4K
69VTWOVANGUARD SCOTTSDALE FDSVNG RUS2000IDX0.20%$520,0396.9K
70TRUTRANSUNIONCOM0.20%$513,0626.5K
71BXBLACKSTONE INCCOM0.18%$482,5145.2K
72RYROYAL BK CDACOM0.18%$458,4484.8K
73MRKMERCK & CO INCCOM0.18%$457,8684.0K
74RTXRAYTHEON TECHNOLOGIES CORPCOM0.17%$440,7224.5K
75AVGOBROADCOM INCCOM0.16%$412,897476
76IEMGISHARES INCCORE MSCI EMKT0.14%$372,2387.6K
77TSLATESLA INCCOM0.14%$357,8401.4K
78COPCONOCOPHILLIPSCOM0.13%$349,6843.4K
79TDTORONTO DOMINION BK ONTCOM NEW0.13%$348,6205.6K
80KOCOCA COLA COCOM0.13%$344,6995.7K
81EXMOCEXXON MOBIL CORPCOM0.13%$342,2353.2K
82EMREMERSON ELEC COCOM0.13%$336,8843.7K
83BLACKROCK INCCOM0.11%$283,367410
84WMTWALMART INCCOM0.10%$270,1921.7K
85BMOBANK MONTREAL QUECOM0.10%$263,7052.9K
86BMYBRISTOL-MYERS SQUIBB COCOM0.10%$256,9514.0K
87METMETLIFE INCCOM0.09%$243,6444.3K
88SYKSTRYKER CORPORATIONCOM0.09%$243,462798
89ROKROCKWELL AUTOMATION INCCOM0.09%$235,886716
90XIFRNEXTERA ENERGY PARTNERS LPCOM UNIT PART IN0.09%$223,1843.8K
91CSCOCISCO SYS INCCOM0.08%$219,0674.2K
92BSVVANGUARD BD INDEX FDSSHORT TRM BOND0.08%$207,8932.8K
93CMPCOMPASS MINERALS INTL INCCOM0.08%$204,0006.0K
94MGCVANGUARD WORLD FDMEGA CAP INDEX0.08%$201,0511.3K
95TAT&T INCCOM0.06%$168,20910.5K
96PROVIDENT BANCORP INCCOM NEW0.05%$138,59916.7K
97WEWORK INCCL A0.00%$10,21640.0K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q2 2025$267M135Jul 7, 202513F-HRchanges · EDGAR ↗
Q1 2025$259M130Apr 9, 202513F-HRchanges · EDGAR ↗
Q4 2024$304M130Jan 13, 202513F-HRchanges · EDGAR ↗
Q3 2024$310M129Oct 8, 202413F-HRchanges · EDGAR ↗
Q2 2024$293M121Jul 10, 202413F-HRchanges · EDGAR ↗
Q1 2024$291M124Apr 10, 202413F-HRchanges · EDGAR ↗
Q4 2023$281M122Jan 9, 202413F-HRchanges · EDGAR ↗
Q3 2023$243M105Oct 16, 202313F-HRchanges · EDGAR ↗
Q2 2023$261M115Jul 6, 202313F-HRchanges · EDGAR ↗
Q1 2023$231M103Apr 11, 202313F-HRchanges · EDGAR ↗
Q4 2022$211M99Jan 11, 202313F-HRchanges · EDGAR ↗
Q3 2022$192M94Oct 6, 202213F-HRchanges · EDGAR ↗
Q2 2022$221M97Jul 6, 202213F-HRchanges · EDGAR ↗
Q1 2022$255M99Apr 13, 202213F-HRchanges · EDGAR ↗
Q4 2021$286M103Jan 3, 202213F-HRchanges · EDGAR ↗
Q3 2021$253M133Oct 4, 202113F-HRchanges · EDGAR ↗
Q2 2021$253M134Jul 6, 202113F-HRchanges · EDGAR ↗
Q1 2021$237M127Apr 15, 202113F-HRchanges · EDGAR ↗
Q4 2020$233M127Jan 5, 202113F-HRchanges · EDGAR ↗
Q3 2020$212M125Oct 16, 202013F-HRchanges · EDGAR ↗
Q2 2020$200M121Jul 10, 202013F-HRchanges · EDGAR ↗
Q1 2020$169M114Apr 7, 202013F-HRchanges · EDGAR ↗
Q4 2019$223M149Jan 7, 202013F-HRchanges · EDGAR ↗
Q3 2019$206M140Oct 7, 201913F-HRchanges · EDGAR ↗
Q2 2019$194M141Jul 12, 201913F-HRchanges · EDGAR ↗
Q1 2019$243M166Apr 24, 201913F-HRchanges · EDGAR ↗

Other Included Managers

This filing reports holdings on behalf of 1 additional manager.

  • ENTERPRISE BANCORP INC /MA/

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.