We studied all blazars of known redshift detected by the Fermi satellite during its first 3-month survey. For the majority of them, pointed Swift observations ensure a good multiwavelength coverage, enabling us to reliably construct their spectral energy distributions (SEDs). We model the SEDs using a one-zone leptonic model and study the distributions of the derived interesting physical parameters as a function of the observed γ-ray luminosity. We confirm previous findings concerning the relation of the physical parameters with source luminosity which are at the origin of the blazar sequence. The SEDs allow to estimate the luminosity of the accretion disc for the majority of broad emitting line blazars, while for the lineless BL Lac objects in the sample upper limits can be derived. We find a positive correlation between the jet power and the luminosity of the accretion disc in broad-line blazars. In these objects, we argue that the jet must be proton dominated, and that the total jet power is of the same order of (or slightly larger than) the disc luminosity. We discuss two alternative scenarios to explain this result.