# EDGAR Filing Document

**Accession Number:** 0001770710
**File Stem:** 0001770710-23-000001
**Filing Date:** 2023-1
**Character Count:** 13977
**Document Hash:** a04b69613b2a072eb7f4d6c83e7cf528
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001770710-23-000001.hdr.sgml**: 20230111

**ACCESSION NUMBER**: 0001770710-23-000001

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230111

**DATE AS OF CHANGE**: 20230111

**EFFECTIVENESS DATE**: 20230111

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Enterprise Bank & Trust Co
- **CENTRAL INDEX KEY:** 0001770710
- **IRS NUMBER:** 042993547
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-19476
- **FILM NUMBER:** 23522834

**BUSINESS ADDRESS:**
- **STREET 1:** 222 MERRIMACK STREET
- **CITY:** LOWELL
- **STATE:** MA
- **ZIP:** 01852
- **BUSINESS PHONE:** 978-459-9000

**MAIL ADDRESS:**
- **STREET 1:** 222 MERRIMACK STREET
- **CITY:** LOWELL
- **STATE:** MA
- **ZIP:** 01852

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 12-31-2022

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** Enterprise Bank  Trust Co<br>**Address:** 222 MERRIMACK STREET<br>LOWELL, MA 01852

**Form 13F File Number:** 028-19476

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** Patrick Connerty<br>**Title:** Senior Vice President<br>**Phone:** 978-656-5615

**Signature, Place, and Date of Signing:**

Patrick Connerty  Lowell, MA  01-11-2023<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 1

**Form 13F Information Table Entry Total:** 99

**Form 13F Information Table Value Total:** $211396218

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

| No.   | Name                        | Form 13F File Number   |
|:---|:---|:---|
|  | ENTERPRISE BANCORP INC /MA/ |  |

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| ABBOTT LABS COM | COM | 002824100 |  | 2852674 | 25983 | SH |  | SOLE |  | 25983 | 0 | 0 |
| ADOBE SYS INC COM | COM | 00724F101 |  | 744404 | 2212 | SH |  | SOLE |  | 2212 | 0 | 0 |
| ALPHABET INC CAP STK CL C | COM | 02079K107 |  | 1104689 | 12450 | SH |  | SOLE |  | 12450 | 0 | 0 |
| ALPHABET INC CL A | COM | 02079K305 |  | 3955351 | 44830 | SH |  | SOLE |  | 44830 | 0 | 0 |
| AMAZON COM INC COM | COM | 023135106 |  | 4067616 | 48424 | SH |  | SOLE |  | 48424 | 0 | 0 |
| AMERICAN TOWER CORP NEW COM | COM | 03027X100 |  | 2306520 | 10887 | SH |  | SOLE |  | 10887 | 0 | 0 |
| APPLE INC COM | COM | 037833100 |  | 8863435 | 68217 | SH |  | SOLE |  | 68217 | 0 | 0 |
| BANK AMER CORP COM | COM | 060505104 |  | 477160 | 14407 | SH |  | SOLE |  | 14407 | 0 | 0 |
| BANK OF MONTREAL | COM | 063671101 |  | 264552 | 2920 | SH |  | SOLE |  | 2920 | 0 | 0 |
| BAR HBR BANKSHARES COM | COM | 066849100 |  | 1084714 | 33855 | SH |  | SOLE |  | 33855 | 0 | 0 |
| BAR HBR BANKSHARES COM | COM | 066849100 |  | 90545 | 2826 | SH |  | DFND |  | 2826 | 0 | 0 |
| BERKSHIRE HATHAWAY INC DEL CL A | COM | 084670108 |  | 1406133 | 3 | SH |  | SOLE |  | 3 | 0 | 0 |
| BIOGEN INC COM | COM | 09062X103 |  | 1215679 | 4390 | SH |  | SOLE |  | 4390 | 0 | 0 |
| BOEING CO COM | COM | 097023105 |  | 710528 | 3730 | SH |  | SOLE |  | 3730 | 0 | 0 |
| CDW CORP COM | COM | 12514G108 |  | 1339886 | 7503 | SH |  | SOLE |  | 7503 | 0 | 0 |
| CHEVRON CORP NEW COM | COM | 166764100 |  | 3580287 | 19947 | SH |  | SOLE |  | 19947 | 0 | 0 |
| CHIPOTLE MEXICAN GRILL INC COM | COM | 169656105 |  | 1753787 | 1264 | SH |  | SOLE |  | 1264 | 0 | 0 |
| COCA COLA CO COM | COM | 191216100 |  | 239428 | 3764 | SH |  | SOLE |  | 3764 | 0 | 0 |
| COMPASS MINERALS INTL INC COM | COM | 20451N101 |  | 246000 | 6000 | SH |  | SOLE |  | 6000 | 0 | 0 |
| COSTCO WHOLESALE CORP NEW COM | COM | 22160K105 |  | 3801276 | 8327 | SH |  | SOLE |  | 8327 | 0 | 0 |
| CROWN CASTLE INC COM | COM | 22822V101 |  | 552190 | 4071 | SH |  | SOLE |  | 4071 | 0 | 0 |
| DANAHER CORP COM | COM | 235851102 |  | 2917497 | 10992 | SH |  | SOLE |  | 10992 | 0 | 0 |
| DEERE  CO COM | COM | 244199105 |  | 683015 | 1593 | SH |  | SOLE |  | 1593 | 0 | 0 |
| DISNEY WALT CO DISNEY COM | COM | 254687106 |  | 784353 | 9028 | SH |  | SOLE |  | 9028 | 0 | 0 |
| DUPONT DE NEMOURS INC COM | COM | 26614N102 |  | 685545 | 9989 | SH |  | SOLE |  | 9989 | 0 | 0 |
| EMERSON ELEC CO COM | COM | 291011104 |  | 331215 | 3448 | SH |  | SOLE |  | 3448 | 0 | 0 |
| EXTRA SPACE STORAGE INC COM | COM | 30225T102 |  | 612269 | 4160 | SH |  | SOLE |  | 4160 | 0 | 0 |
| EXXON MOBIL CORP COM | COM | 30231G102 |  | 313031 | 2838 | SH |  | SOLE |  | 2838 | 0 | 0 |
| META PLATFORMS INC CL A | COM | 30303M102 |  | 1439146 | 11959 | SH |  | SOLE |  | 11959 | 0 | 0 |
| FIDUS INVT CORP COM | COM | 316500107 |  | 1064005 | 55912 | SH |  | SOLE |  | 55912 | 0 | 0 |
| FIRST REP BK SAN FRANCISCO CALIF NEW COM | COM | 33616C100 |  | 1658192 | 13604 | SH |  | SOLE |  | 13604 | 0 | 0 |
| FLEXSHARES TR MORNINGSTAR GLOBAL UPSTREAM NAT RES INDEX FD | COM | 33939L407 |  | 12993140 | 298899 | SH |  | SOLE |  | 298899 | 0 | 0 |
| FREEPORT-MCMORAN INC CL B | COM | 35671D857 |  | 1238154 | 32583 | SH |  | SOLE |  | 32583 | 0 | 0 |
| GENERAL DYNAMICS CORP COM | COM | 369550108 |  | 2274176 | 9166 | SH |  | SOLE |  | 9166 | 0 | 0 |
| GSK PLC SPONSORED ADR NEW | SPONSORED ADR | 37733W204 |  | 732774 | 20853 | SH |  | SOLE |  | 20853 | 0 | 0 |
| HOME DEPOT INC COM | COM | 437076102 |  | 2549306 | 8071 | SH |  | SOLE |  | 8071 | 0 | 0 |
| HONEYWELL INTL INC COM | COM | 438516106 |  | 2678107 | 12497 | SH |  | SOLE |  | 12497 | 0 | 0 |
| INTERCONTINENTAL EXCHANGE INC COM | COM | 45866F104 |  | 1562241 | 15228 | SH |  | SOLE |  | 15228 | 0 | 0 |
| ISHARES TR CORE S 500 ETF | COM | 464287200 |  | 411873 | 1072 | SH |  | SOLE |  | 1072 | 0 | 0 |
| ISHARES TR CORE S 500 ETF | COM | 464287200 |  | 1442324 | 3754 | SH |  | DFND |  | 3754 | 0 | 0 |
| ISHARES TR CORE U S AGGREGATE BD ETF | COM | 464287226 |  | 20912402 | 215614 | SH |  | SOLE |  | 215614 | 0 | 0 |
| ISHARES TR MSCI EMERGING MKTS INDEX FD | MSCI EMG MKT ETF | 464287234 |  | 211406 | 5578 | SH |  | SOLE |  | 5578 | 0 | 0 |
| ISHARES TR 1-3 YR TREAS BD ETF | COM | 464287457 |  | 916572 | 11292 | SH |  | SOLE |  | 11292 | 0 | 0 |
| ISHARES TR MSCI EAFE ETF | COM | 464287465 |  | 928150 | 14140 | SH |  | SOLE |  | 14140 | 0 | 0 |
| ISHARES TR RUSSELL MID-CAP ETF | COM | 464287499 |  | 222315 | 3296 | SH |  | SOLE |  | 3296 | 0 | 0 |
| ISHARES TR CORE S MID-CAP ETF | COM | 464287507 |  | 14197975 | 58696 | SH |  | SOLE |  | 58696 | 0 | 0 |
| ISHARES TR RUSSELL 1000 VALUE ETF | COM | 464287598 |  | 232934 | 1536 | SH |  | SOLE |  | 1536 | 0 | 0 |
| ISHARES TR RUSSELL 1000 GROWTH ETF | COM | 464287614 |  | 657074 | 3067 | SH |  | SOLE |  | 3067 | 0 | 0 |
| ISHARES TR US REAL ESTATE ETF | COM | 464287739 |  | 296770 | 3525 | SH |  | SOLE |  | 3525 | 0 | 0 |
| ISHARES TR NATL MUN BD ETF FD | COM | 464288414 |  | 3790384 | 35921 | SH |  | SOLE |  | 35921 | 0 | 0 |
| ISHARES TR IBOXX $ HIGH YIELD CORP BD ETF | COM | 464288513 |  | 517987 | 7035 | SH |  | SOLE |  | 7035 | 0 | 0 |
| ISHARES TR MSCI KLD 400 SOCIAL ETF | COM | 464288570 |  | 914605 | 12740 | SH |  | SOLE |  | 12740 | 0 | 0 |
| ISHARES TR MBS ETF | COM | 464288588 |  | 230484 | 2485 | SH |  | SOLE |  | 2485 | 0 | 0 |
| JPMORGAN CHASE  CO COM | COM | 46625H100 |  | 3544799 | 26434 | SH |  | SOLE |  | 26434 | 0 | 0 |
| JOHNSON  JOHNSON COM | COM | 478160104 |  | 2108494 | 11936 | SH |  | SOLE |  | 11936 | 0 | 0 |
| LAUDER ESTEE COS INC CL A | COM | 518439104 |  | 1124435 | 4532 | SH |  | SOLE |  | 4532 | 0 | 0 |
| LILLY ELI  CO COM | COM | 532457108 |  | 3697545 | 10107 | SH |  | SOLE |  | 10107 | 0 | 0 |
| MARSH  MCLENNAN COS INC COM | COM | 571748102 |  | 1349986 | 8158 | SH |  | SOLE |  | 8158 | 0 | 0 |
| MASTERCARD INC CL A | COM | 57636Q104 |  | 2567986 | 7385 | SH |  | SOLE |  | 7385 | 0 | 0 |
| MCDONALDS CORP COM | COM | 580135101 |  | 676745 | 2568 | SH |  | SOLE |  | 2568 | 0 | 0 |
| MERCK  CO INC NEW COM | COM | 58933Y105 |  | 282368 | 2545 | SH |  | SOLE |  | 2545 | 0 | 0 |
| METLIFE INC COM | COM | 59156R108 |  | 268420 | 3709 | SH |  | SOLE |  | 3709 | 0 | 0 |
| MICROSOFT CORP COM | COM | 594918104 |  | 7708294 | 32142 | SH |  | SOLE |  | 32142 | 0 | 0 |
| MONDELEZ INTL INC CL A | COM | 609207105 |  | 1204432 | 18071 | SH |  | SOLE |  | 18071 | 0 | 0 |
| NEXTERA ENERGY PARTNERS LP COM UNIT LTD PARTNERSHIP INT | COM | 65341B106 |  | 2438011 | 34784 | SH |  | SOLE |  | 34784 | 0 | 0 |
| NIKE INC CL B | COM | 654106103 |  | 3375036 | 28844 | SH |  | SOLE |  | 28844 | 0 | 0 |
| NVIDIA CORP COM | COM | 67066G104 |  | 2479411 | 16966 | SH |  | SOLE |  | 16966 | 0 | 0 |
| PALO ALTO NETWORKS INC COM | COM | 697435105 |  | 2452136 | 17573 | SH |  | SOLE |  | 17573 | 0 | 0 |
| PEPSICO INC COM | COM | 713448108 |  | 3373645 | 18674 | SH |  | SOLE |  | 18674 | 0 | 0 |
| PFIZER INC COM | COM | 717081103 |  | 775517 | 15135 | SH |  | SOLE |  | 15135 | 0 | 0 |
| PROCTER  GAMBLE CO COM | COM | 742718109 |  | 1036822 | 6841 | SH |  | SOLE |  | 6841 | 0 | 0 |
| RAYTHEON TECHNOLOGIES CORP COM | COM | 75513E101 |  | 353624 | 3504 | SH |  | SOLE |  | 3504 | 0 | 0 |
| ROYAL BK CDA MONTREAL QUE ISIN# CA7800871021 | COM | 780087102 |  | 535914 | 5700 | SH |  | SOLE |  | 5700 | 0 | 0 |
| S GLOBAL INC COM | COM | 78409V104 |  | 1867960 | 5577 | SH |  | SOLE |  | 5577 | 0 | 0 |
| SPDR S 500 ETF TR TR UNIT | COM | 78462F103 |  | 5194929 | 13584 | SH |  | SOLE |  | 13584 | 0 | 0 |
| SALESFORCE INC COM | COM | 79466L302 |  | 1601289 | 12077 | SH |  | SOLE |  | 12077 | 0 | 0 |
| SCHLUMBERGER LTD COM ISIN# AN8068571086 | COM | 806857108 |  | 1518585 | 28406 | SH |  | SOLE |  | 28406 | 0 | 0 |
| TJX COS INC NEW COM | COM | 872540109 |  | 3108221 | 39048 | SH |  | SOLE |  | 39048 | 0 | 0 |
| TEXAS INSTRS INC COM | COM | 882508104 |  | 1656331 | 10025 | SH |  | SOLE |  | 10025 | 0 | 0 |
| THERMO FISHER SCIENTIFIC INC COM | COM | 883556102 |  | 3114152 | 5655 | SH |  | SOLE |  | 5655 | 0 | 0 |
| TORONTO DOMINION BK ISIN#CA8911605092 | COM | 891160509 |  | 364081 | 5622 | SH |  | SOLE |  | 5622 | 0 | 0 |
| UNION PAC CORP COM | COM | 907818108 |  | 2327674 | 11241 | SH |  | SOLE |  | 11241 | 0 | 0 |
| UNITEDHEALTH GROUP INC COM | COM | 91324P102 |  | 4669295 | 8807 | SH |  | SOLE |  | 8807 | 0 | 0 |
| VANECK ETF TR GOLD MINERS ETF | GOLD MINERS ETF | 92189F106 |  | 593692 | 20715 | SH |  | SOLE |  | 20715 | 0 | 0 |
| VANECK ETF TR JR GOLD MINERS ETF | JUNIOR GOLD MINE | 92189F791 |  | 572396 | 16056 | SH |  | SOLE |  | 16056 | 0 | 0 |
| VANGUARD BD INDEX FDS VANGUARD SHORT TERM BD ETF | COM | 921937827 |  | 215376 | 2861 | SH |  | SOLE |  | 2861 | 0 | 0 |
| VANGUARD INTL FD FTSE DEVELOPED MKTS ETF | COM | 921943858 |  | 994857 | 23704 | SH |  | SOLE |  | 23704 | 0 | 0 |
| VANGUARD INTL EQUITY INDEX FDS FTSE EMERGING MKTS ETF | FTSE EMR MKT ETF | 922042858 |  | 1376384 | 35310 | SH |  | SOLE |  | 35310 | 0 | 0 |
| VANGUARD SCOTTSDALE FDS VANGUARD RUSSELL 2000 INDEX FD ETF SHS | COM | 92206C664 |  | 483934 | 6877 | SH |  | DFND |  | 6877 | 0 | 0 |
| VANGUARD INDEX FDS S 500 ETF SHS NEW | COM | 922908363 |  | 911025 | 2593 | SH |  | SOLE |  | 2593 | 0 | 0 |
| VANGUARD INDEX FDS REAL ESTATE INDEX FD ETF | COM | 922908553 |  | 11280295 | 136764 | SH |  | SOLE |  | 136764 | 0 | 0 |
| VANGUARD INDEX FDS VANGUARD MID-CAP ETF | COM | 922908629 |  | 253132 | 1242 | SH |  | SOLE |  | 1242 | 0 | 0 |
| VANGUARD INDEX FDS VANGUARD GROWTH ETF | COM | 922908736 |  | 293239 | 1376 | SH |  | SOLE |  | 1376 | 0 | 0 |
| VANGUARD INDEX FDS VANGUARD VALUE ETF | COM | 922908744 |  | 272879 | 1944 | SH |  | SOLE |  | 1944 | 0 | 0 |
| VERIZON COMMUNICATIONS INC COM | COM | 92343V104 |  | 647381 | 16431 | SH |  | SOLE |  | 16431 | 0 | 0 |
| VERISK ANALYTICS INC COM | COM | 92345Y106 |  | 449871 | 2550 | SH |  | SOLE |  | 2550 | 0 | 0 |
| VISA INC COM CL A | COM | 92826C839 |  | 2353713 | 11329 | SH |  | SOLE |  | 11329 | 0 | 0 |
| ACCENTURE PLC IRELAND CLASS SHS ISIN#IE00B4BNMY34 | COM | G1151C101 |  | 2353529 | 8820 | SH |  | SOLE |  | 8820 | 0 | 0 |
| LINDE PLC SH ISIN#IE00BZ12WP82 | COM | G5494J103 |  | 512103 | 1570 | SH |  | SOLE |  | 1570 | 0 | 0 |

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