# Enterprise Bank & Trust Co

> Institutional holdings reported to the SEC as of Q2 2025 on Form 13F. CIK 1770710. Source: https://holderbook.com/funds/1770710-enterprise-bank-trust-co/

- Reported value: $267.4M
- Positions: 135
- Weight of the ten largest: 45.4%
- Filed: 2025-07-07

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| ISHARES TR | [IJH](https://holderbook.com/stocks/IJH/) | $19.3M | 311,078 | 7.2% | 26 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $18.7M | 37,515 | 7.0% | 26 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $16.0M | 101,120 | 6.0% | 26 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $14.3M | 69,739 | 5.4% | 26 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $9.9M | 45,203 | 3.7% | 26 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $9.5M | 15,296 | 3.5% | 26 |
| DIMENSIONAL ETF TRUST | [DFAE](https://holderbook.com/stocks/DFAE/) | $9.2M | 318,236 | 3.4% | 3 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $8.6M | 29,540 | 3.2% | 26 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $8.2M | 11,071 | 3.1% | 26 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $7.8M | 44,254 | 2.9% | 26 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $7.1M | 7,204 | 2.7% | 26 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $4.5M | 5,795 | 1.7% | 26 |
| PALO ALTO NETWORKS INC | [PANW](https://holderbook.com/stocks/PANW/) | $3.9M | 19,249 | 1.5% | 17 |
| ABBOTT LABORATORIES | [ABT](https://holderbook.com/stocks/ABT/) | $3.9M | 28,830 | 1.5% | 26 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $3.9M | 6,936 | 1.5% | 26 |
| ISHARES TR | [AGG](https://holderbook.com/stocks/AGG/) | $3.9M | 39,041 | 1.4% | 26 |
| TJX COS INC NEW | [TJX](https://holderbook.com/stocks/TJX/) | $3.9M | 31,205 | 1.4% | 26 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $3.8M | 10,805 | 1.4% | 26 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $3.5M | 9,434 | 1.3% | 26 |
| CHIPOTLE MEXICAN GRILL INC | [CMG](https://holderbook.com/stocks/CMG/) | $3.3M | 58,103 | 1.2% | 13 |
| INTERCONTINENTAL EXCHANGE IN | [ICE](https://holderbook.com/stocks/ICE/) | $3.1M | 17,109 | 1.2% | 24 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $3.0M | 20,868 | 1.1% | 26 |
| SALESFORCE INC | [CRM](https://holderbook.com/stocks/CRM/) | $3.0M | 10,910 | 1.1% | 26 |
| HONEYWELL INTL INC | [HONZZZZ](https://holderbook.com/stocks/HONZZZZ/) | $3.0M | 12,769 | 1.1% | 19 |
| UNION PAC CORP | [UNP](https://holderbook.com/stocks/UNP/) | $2.6M | 11,447 | 1.0% | 25 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $2.6M | 14,515 | 1.0% | 26 |
| S&P GLOBAL INC | [SPGI](https://holderbook.com/stocks/SPGI/) | $2.5M | 4,725 | 0.9% | 26 |
| ACCENTURE PLC IRELAND | [ACN](https://holderbook.com/stocks/ACN/) | $2.5M | 8,220 | 0.9% | 26 |
| GENERAL DYNAMICS CORP | [GD](https://holderbook.com/stocks/GD/) | $2.4M | 8,377 | 0.9% | 17 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $2.4M | 7,663 | 0.9% | 7 |
| AMERICAN TOWER CORP | [AMT](https://holderbook.com/stocks/AMT/) | $2.4M | 10,740 | 0.9% | 26 |
| PEPSICO INC | [PEP](https://holderbook.com/stocks/PEP/) | $2.4M | 17,818 | 0.9% | 26 |
| MARSH & MCLENNAN COS INC | [MRSH](https://holderbook.com/stocks/MRSH/) | $2.2M | 10,201 | 0.8% | 19 |
| MCDONALDS CORP | [MCD](https://holderbook.com/stocks/MCD/) | $2.2M | 7,464 | 0.8% | 26 |
| ANALOG DEVICES INC | [ADI](https://holderbook.com/stocks/ADI/) | $2.2M | 9,155 | 0.8% | 9 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $1.8M | 11,361 | 0.7% | 17 |
| THERMO FISHER SCIENTIFIC INC | [TMO](https://holderbook.com/stocks/TMO/) | $1.8M | 4,422 | 0.7% | 26 |
| NEXTERA ENERGY INC | [NEE](https://holderbook.com/stocks/NEE/) | $1.8M | 25,427 | 0.7% | 9 |
| ISHARES TR | [IVV](https://holderbook.com/stocks/IVV/) | $1.7M | 2,765 | 0.6% | 18 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $1.7M | 6,012 | 0.6% | 9 |
| ORACLE CORP | [ORCL](https://holderbook.com/stocks/ORCL/) | $1.7M | 7,556 | 0.6% | 7 |
| MONDELEZ INTL INC | [MDLZ](https://holderbook.com/stocks/MDLZ/) | $1.6M | 23,964 | 0.6% | 14 |
| VANGUARD INDEX FDS | [VOO](https://holderbook.com/stocks/VOO/) | $1.6M | 2,789 | 0.6% | 26 |
| MOTOROLA SOLUTIONS INC | [MSI](https://holderbook.com/stocks/MSI/) | $1.6M | 3,736 | 0.6% | 9 |
| VANGUARD INTL EQUITY INDEX F | [VWO](https://holderbook.com/stocks/VWO/) | $1.5M | 29,890 | 0.6% | 11 |
| NIKE INC | [NKE](https://holderbook.com/stocks/NKE/) | $1.4M | 20,044 | 0.5% | 26 |
| CDW CORP | [CDW](https://holderbook.com/stocks/CDW/) | $1.4M | 7,939 | 0.5% | 12 |
| RTX CORPORATION | [RTX](https://holderbook.com/stocks/RTX/) | $1.4M | 9,418 | 0.5% | 20 |
| DISNEY WALT CO | [DIS](https://holderbook.com/stocks/DIS/) | $1.4M | 11,026 | 0.5% | 26 |
| VANGUARD TAX-MANAGED FDS | [VEA](https://holderbook.com/stocks/VEA/) | $1.4M | 23,933 | 0.5% | 26 |
| FREEPORT-MCMORAN INC | [FCX](https://holderbook.com/stocks/FCX/) | $1.4M | 31,220 | 0.5% | 12 |
| CARRIER GLOBAL CORPORATION | [CARR](https://holderbook.com/stocks/CARR/) | $1.2M | 16,613 | 0.5% | 2 |
| FIDUS INVT CORP | [FDUS](https://holderbook.com/stocks/FDUS/) | $1.1M | 55,912 | 0.4% | 22 |
| SCHWAB CHARLES CORP | [SCHW](https://holderbook.com/stocks/SCHW/) | $1.1M | 12,006 | 0.4% | 9 |
| SLB LIMITED | [SLB](https://holderbook.com/stocks/SLB/) | $1.1M | 32,185 | 0.4% | 12 |
| ISHARES TR | [EFA](https://holderbook.com/stocks/EFA/) | $1.0M | 11,540 | 0.4% | 26 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $963.2K | 6,306 | 0.4% | 7 |
| GSK PLC | [GSK](https://holderbook.com/stocks/GSK/) | $939.1K | 24,455 | 0.4% | 11 |
| DANAHER CORP DEL | [DHR](https://holderbook.com/stocks/DHR/) | $929.6K | 4,706 | 0.3% | 26 |
| ISHARES TR | [SHY](https://holderbook.com/stocks/SHY/) | $925.7K | 11,172 | 0.3% | 26 |
| VANGUARD INDEX FDS | [VO](https://holderbook.com/stocks/VO/) | $897.7K | 3,208 | 0.3% | 1 |
| ISHARES TR | [IWF](https://holderbook.com/stocks/IWF/) | $869.1K | 2,047 | 0.3% | 26 |
| ADOBE INC | [ADBE](https://holderbook.com/stocks/ADBE/) | $844.6K | 2,183 | 0.3% | 21 |
| BLACKSTONE INC | [BX](https://holderbook.com/stocks/BX/) | $825.7K | 5,520 | 0.3% | 9 |
| TEXAS PACIFIC LAND CORPORATI | [TPL](https://holderbook.com/stocks/TPL/) | $776.4K | 735 | 0.3% | 6 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $752.5K | 15,903 | 0.3% | 26 |
| CELESTICA INC | [CLS](https://holderbook.com/stocks/CLS/) | $736.7K | 4,724 | 0.3% | 5 |
| BERKSHIRE HATHAWAY INC DEL | [BRKA](https://holderbook.com/stocks/BRKA/) | $728.8K | 1 | 0.3% | 13 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $724.8K | 10,447 | 0.3% | 9 |
| SPDR SERIES TRUST | [QUS](https://holderbook.com/stocks/QUS/) | $711.1K | 4,360 | 0.3% | 7 |
| EATON CORP PLC | [ETN](https://holderbook.com/stocks/ETN/) | $706.8K | 1,980 | 0.3% | 4 |
| DUPONT DE NEMOURS INC | [DD](https://holderbook.com/stocks/DD/) | $701.5K | 10,227 | 0.3% | 7 |
| TEXAS INSTRS INC | [TXN](https://holderbook.com/stocks/TXN/) | $657.9K | 3,169 | 0.2% | 26 |
| ROYAL BK CDA | [RY](https://holderbook.com/stocks/RY/) | $631.4K | 4,800 | 0.2% | 17 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $618.0K | 5,733 | 0.2% | 11 |
| VANGUARD INDEX FDS | [VB](https://holderbook.com/stocks/VB/) | $585.6K | 2,471 | 0.2% | 1 |
| INTERNATIONAL BUSINESS MACHS | [IBM](https://holderbook.com/stocks/IBM/) | $583.7K | 1,980 | 0.2% | 7 |
| BOEING CO | [BA](https://holderbook.com/stocks/BA/) | $581.4K | 2,775 | 0.2% | 17 |
| EXTRA SPACE STORAGE INC | [EXR](https://holderbook.com/stocks/EXR/) | $576.8K | 3,912 | 0.2% | 24 |
| ADVANCED MICRO DEVICES INC | [AMD](https://holderbook.com/stocks/AMD/) | $571.6K | 4,028 | 0.2% | 3 |
| COMCAST CORP NEW | [CMCSA](https://holderbook.com/stocks/CMCSA/) | $569.3K | 15,951 | 0.2% | 7 |
| TRANSUNION | [TRU](https://holderbook.com/stocks/TRU/) | $563.2K | 6,400 | 0.2% | 9 |
| TORONTO DOMINION BK ONT | [TD](https://holderbook.com/stocks/TD/) | $559.8K | 7,622 | 0.2% | 7 |
| BLACKROCK INC | [BLK](https://holderbook.com/stocks/BLK/) | $551.9K | 526 | 0.2% | 3 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $533.4K | 5,455 | 0.2% | 9 |
| CENCORA INC | [COR](https://holderbook.com/stocks/COR/) | $511.5K | 1,706 | 0.2% | 3 |
| SELECT SECTOR SPDR TR | [XLC](https://holderbook.com/stocks/XLC/) | $481.9K | 4,440 | 0.2% | 7 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $456.0K | 5,761 | 0.2% | 11 |
| BAR HBR BANKSHARES | [BHB](https://holderbook.com/stocks/BHB/) | $451.4K | 15,067 | 0.2% | 26 |
| EMERSON ELEC CO | [EMR](https://holderbook.com/stocks/EMR/) | $449.9K | 3,374 | 0.2% | 11 |
| SERVICENOW INC | [NOW](https://holderbook.com/stocks/NOW/) | $448.2K | 436 | 0.2% | 3 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $428.0K | 2,306 | 0.2% | 7 |
| VERIZON COMMUNICATIONS INC | [VZ](https://holderbook.com/stocks/VZ/) | $385.0K | 8,897 | 0.1% | 26 |
| ISHARES TR | [MUB](https://holderbook.com/stocks/MUB/) | $344.2K | 3,294 | 0.1% | 26 |
| VANGUARD INDEX FDS | [VUG](https://holderbook.com/stocks/VUG/) | $344.1K | 785 | 0.1% | 21 |
| COCA COLA CO | [KO](https://holderbook.com/stocks/KO/) | $339.2K | 4,795 | 0.1% | 11 |
| ZIMMER BIOMET HOLDINGS INC | [ZBH](https://holderbook.com/stocks/ZBH/) | $332.6K | 3,647 | 0.1% | 2 |
| BIOGEN INC | [BIIB](https://holderbook.com/stocks/BIIB/) | $328.8K | 2,618 | 0.1% | 13 |
| METLIFE INC | [MET](https://holderbook.com/stocks/MET/) | $324.7K | 4,038 | 0.1% | 11 |
| TRUIST FINL CORP | [TFC](https://holderbook.com/stocks/TFC/) | $324.0K | 7,536 | 0.1% | 2 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2025 | +8.1% | +10.5% | -2.4% | 100% |
| Q1 2025 | -3.5% | -4.6% | +1.1% | 100% |
| Q4 2024 | -1.0% | +2.1% | -3.2% | 100% |
| Q3 2024 | +5.0% | +5.4% | -0.5% | 100% |
| Q2 2024 | +2.8% | +4.0% | -1.2% | 100% |
| Q1 2024 | +7.2% | +10.0% | -2.9% | 100% |
| Q4 2023 | +10.8% | +11.2% | -0.4% | 100% |
| Q3 2023 | -3.4% | -3.6% | +0.1% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2025 | $267.4M | 135 |
| Q1 2025 | $258.9M | 130 |
| Q4 2024 | $303.8M | 130 |
| Q3 2024 | $310.4M | 129 |
| Q2 2024 | $292.8M | 121 |
| Q1 2024 | $291.3M | 124 |
| Q4 2023 | $281.0M | 122 |
| Q3 2023 | $242.5M | 105 |
| Q2 2023 | $261.4M | 115 |
| Q1 2023 | $231.4M | 103 |
| Q4 2022 | $211.4M | 97 |
| Q3 2022 | $192.2M | 86 |