EPAM SYS INC EPAM
COM · Common Stock · CUSIP 29414B104 · ISIN US29414B1044
Global provider of software engineering and IT consulting services
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($9.4m this quarter). Holder counts are more reliable. Shares outstanding: 51.6m as of 2026-07-31, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $79.45. Options: 15 managers hold calls ($32.2m notional), 17 hold puts ($47.2m).
Trends to Q2 2026
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 592 |
| Q4 2022 | 611 |
| Q1 2023 | 570 |
| Q2 2023 | 509 |
| Q3 2023 | 518 |
| Q4 2023 | 559 |
| Q1 2024 | 570 |
| Q2 2024 | 538 |
| Q3 2024 | 559 |
| Q4 2024 | 631 |
| Q1 2025 | 570 |
| Q2 2025 | 570 |
| Q3 2025 | 556 |
| Q4 2025 | 598 |
| Q1 2026 | 532 |
| Q2 2026 | 443 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q3 2024 | 308 | 236 |
| Q4 2024 | 298 | 298 |
| Q1 2025 | 278 | 335 |
| Q2 2025 | 316 | 304 |
| Q3 2025 | 290 | 288 |
| Q4 2025 | 308 | 276 |
| Q1 2026 | 272 | 315 |
| Q2 2026 | 226 | 323 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2025 | $57.0m | $50.5m | 0.89 |
| Q4 2025 | $61.4m | $40.9m | 0.67 |
| Q1 2026 | $46.7m | $35.2m | 0.75 |
| Q2 2026 | $32.2m | $47.2m | 1.46 |
Biggest buyers
| BlackRock, Inc. | Added | +2.5m |
| AMERIPRISE FINANCIAL INC | Added | +1.7m |
| CITADEL ADVISORS LLC | Added | +1.5m |
| MILLENNIUM MANAGEMENT LLC | Added | +946.3k |
| GOLDMAN SACHS GROUP INC | Added | +587.5k |
| GREENHAVEN ASSOCIATES INC | New | +587.3k |
| DIMENSIONAL FUND ADVISORS LP | Added | +579.3k |
| Assenagon Asset Management S.A. | Added | +567.5k |
| VANGUARD PORTFOLIO MANAGEMENT LLC | Added | +508.9k |
| Aikya Investment Management Ltd | Added | +455.3k |
Biggest sellers
| Boston Partners | Reduced | -2.1m |
| Capital World Investors | Reduced | -2.0m |
| Invesco Ltd. | Reduced | -2.0m |
| VANGUARD CAPITAL MANAGEMENT LLC | Reduced | -1.2m |
| JPMORGAN CHASE & CO | Reduced | -1.1m |
| Van Berkom & Associates Inc. | Reduced | -815.1k |
| PRICE T ROWE ASSOCIATES INC /MD/ | Reduced | -710.9k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ | Reduced | -709.2k |
| GEODE CAPITAL MANAGEMENT, LLC | Reduced | -514.4k |
| AQR CAPITAL MANAGEMENT LLC | Reduced | -467.6k |
Biggest calls
| Squarepoint Ops LLC | Added | $6.8m85.5k shares |
| IMC-Chicago, LLC | Added | $6.1m77.3k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $5.8m72.6k shares |
| JANE STREET GROUP, LLC | Added | $3.7m47.1k shares |
| CITADEL ADVISORS LLC | Reduced | $3.6m45.2k shares |
| FIL Ltd | Unchanged | $2.6m32.2k shares |
| TUDOR INVESTMENT CORP ET AL | Added | $1.2m15.6k shares |
| Point72 Asset Management, L.P. | Added | $1.2m15.2k shares |
| Walleye Capital LLC | Reduced | $404.7k5.1k shares |
| HRT FINANCIAL LP | New | $380.0k4.8k shares |
Biggest puts
| GOLDMAN SACHS GROUP INC | New | $9.3m117.4k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $8.2m103.4k shares |
| CITADEL ADVISORS LLC | Added | $7.5m94.7k shares |
| JANE STREET GROUP, LLC | Added | $4.4m55.3k shares |
| IMC-Chicago, LLC | Added | $4.2m53.2k shares |
| Point72 Asset Management, L.P. | Added | $3.9m49.6k shares |
| Squarepoint Ops LLC | New | $3.0m37.2k shares |
| TUDOR INVESTMENT CORP ET AL | Added | $1.9m24.4k shares |
| Walleye Capital LLC | Unchanged | $928.4k11.7k shares |
| HB Wealth Management, LLC | Added | $896.7k11.3k shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
| BlackRock, Inc. 13G · institution +4.9 pts · filed 2026-07-08 | 11.9% |
| AMERIPRISE FINANCIAL INC 13G · institution +3.2 pts · filed 2026-07-08 | 10.5% |
| Capital World Investors 13G · institution -4.0 pts · filed 2026-08-12 | 9.4% |
| VANGUARD PORTFOLIO MANAGEMENT LLC 13G · institution new · filed 2026-04-29 | 5.7% |
| VANGUARD CAPITAL MANAGEMENT LLC 13G · institution -2.4 pts · filed 2026-07-31 | 5.1% |
Fell to 5% or below in the last year: Invesco Ltd. (4.6%, 2026-08-13), VANGUARD GROUP INC (0.0%, 2026-03-26; now reported by VANGUARD PORTFOLIO MANAGEMENT LLC)
Insider purchases and sales since 1 Apr 2026
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q4 2024 | 0 | — | 2 | $2.1m | $356.2k |
| Q1 2025 | 0 | — | 3 | $4.9m | $277.0k |
| Q2 2025 | 8 | $7.5k | 1 | $1.9m | — |
| Q3 2025 | 0 | — | 0 | — | — |
| Q4 2025 | 7 | $7.5k | 4 | $3.3m | — |
| Q1 2026 | 0 | — | 0 | — | — |
| Q2 2026 | 6 | $7.5k | 0 | — | — |
| Q3 2026 | 0 | — | 0 | — | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2026-04-30 | Fejes Balazs CEO, President, Director, director | Bought | $7.5k78 shares |
| 2026-04-30 | Solomon Lawrence F SVP/Chief People Officer | Bought | $7.5k78 shares |
| 2026-04-30 | Peterson Jason D. Chief Financial Officer | Bought | $7.5k78 shares |
| 2026-04-30 | Abrahams Gary C VP, Corporate Controller, PAO | Bought | $7.5k78 shares |
| 2026-04-30 | Dvorkin Viktar Chief Deliv Off, EVP, Americas | Bought | $7.5k78 shares |
| 2026-04-30 | Rockwell Edward SVP/Chief Legal Officer | Bought | $7.5k78 shares |
Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).
Holders, Q2 2026
| Manager | Shares | Change |
|---|---|---|
| BlackRock, Inc. 0.01% of their portfolio | 6.6m $526.7m | Added +2.5m |
| AMERIPRISE FINANCIAL INC 0.09% of their portfolio | 5.5m $434.0m | Added +1.7m |
| Capital World Investors 0.05% of their portfolio | 4.8m $382.9m | Reduced -2.0m |
| VANGUARD PORTFOLIO MANAGEMENT LLC 0.01% of their portfolio | 3.5m $275.1m | Added +508.9k |
| Invesco Ltd. 0.02% of their portfolio | 2.4m $191.3m | Reduced -2.0m |
| VANGUARD CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 2.3m $180.6m | Reduced -1.2m |
| STATE STREET CORP 0.00% of their portfolio | 2.0m $155.2m | Reduced -277.1k |
| DIMENSIONAL FUND ADVISORS LP 0.02% of their portfolio | 1.6m $130.8m | Added +579.3k |
| CITADEL ADVISORS LLC 0.07% of their portfolio | 1.6m $124.5m | Added +1.5m |
| Aikya Investment Management Ltd 31.82% of their portfolio | 1.4m $108.4m | Added +455.3k |
| MORGAN STANLEY 0.01% of their portfolio | 1.2m $99.1m | Added +130.3k |
| BRANDES INVESTMENT PARTNERS, LP 0.65% of their portfolio | 1.2m $93.1m | Reduced -151.2k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 1.1m $87.4m | Reduced -514.4k |
| UBS Group AG 0.01% of their portfolio | 968.3k $76.8m | Added +391.1k |
| MILLENNIUM MANAGEMENT LLC 0.05% of their portfolio | 966.0k $76.7m | Added +946.3k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.02% of their portfolio | 778.4k $62.0m | Reduced -709.2k |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 747.1k $59.3m | Added +587.5k |
| FIL Ltd 0.04% of their portfolio | 692.7k $55.0m | Reduced -2.8k |
| NORGES BANK 0.01% of their portfolio | 676.4k $53.7m | Not comparable |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.02% of their portfolio | 666.5k $52.9m | Added +317.9k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 662.0k $52.5m | Added +37.3k |
| Point72 Asset Management, L.P. 0.07% of their portfolio | 595.2k $47.2m | Added +314.4k |
| GREENHAVEN ASSOCIATES INC 0.54% of their portfolio | 587.3k $46.6m | New |
| Assenagon Asset Management S.A. 0.03% of their portfolio | 585.1k $46.4m | Added +567.5k |
| CITIGROUP INC 0.02% of their portfolio | 486.9k $38.6m | Added +266.2k |
| BESSEMER GROUP INC 0.05% of their portfolio | 470.9k $37.4m | Added +165.9k |
| FMR LLC 0.00% of their portfolio | 461.2k $36.6m | Added +73.8k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 444.1k $35.2m | Reduced -77.4k |
| Quantinno Capital Management LP 0.04% of their portfolio | 410.1k $32.5m | Added +105.8k |
| Kopernik Global Investors, LLC 1.96% of their portfolio | 402.8k $32.0m | New |
| NORTHERN TRUST CORP 0.00% of their portfolio | 368.9k $29.3m | Reduced -93.0k |
| VANGUARD FIDUCIARY TRUST CO 0.01% of their portfolio | 328.2k $26.0m | Added +21.0k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 311.6k $24.7m | Added +23.2k |
| MARSHALL WACE, LLP 0.02% of their portfolio | 260.5k $20.7m | New |
| FIRST TRUST ADVISORS LP 0.01% of their portfolio | 258.3k $20.5m | Added +161.9k |
| PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio | 252.0k $20.0m | Added +185.5k |
| Freestone Grove Partners LP 0.12% of their portfolio | 237.1k $18.8m | New |
| CAPITAL FUND MANAGEMENT S.A. 0.13% of their portfolio | 227.3k $18.0m | New |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 225.8k $17.9m | Added +72.4k |
| BARCLAYS PLC 0.01% of their portfolio | 215.4k $17.1m | Added +11.0k |
| Longaeva Partners L.P. 0.46% of their portfolio | 202.9k $16.1m | New |
| Pacer Advisors, Inc. 0.04% of their portfolio | 202.7k $16.1m | Added +22.0k |
| Distillate Capital Partners LLC 0.83% of their portfolio | 200.9k $15.9m | Added +126.0k |
| HSBC HOLDINGS PLC 0.01% of their portfolio | 189.4k $15.0m | Added +5.9k |
| Clearbridge Investments, LLC 0.01% of their portfolio | 189.3k $15.0m | Added +17.5k |
| Public Sector Pension Investment Board 0.04% of their portfolio | 179.5k $14.2m | Added +163.8k |
| RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio | 175.4k $13.9m | Added +22.5k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 160.8k $12.8m | Reduced -62.1k |
| NORRIS PERNE & FRENCH LLP/MI 0.53% of their portfolio | 156.3k $12.4m | Added +36.0k |
| Metavasi Capital LP 4.60% of their portfolio | 149.0k $11.8m | New |
| COOKE & BIELER LP 0.14% of their portfolio | 147.8k $11.7m | New |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 141.1k $11.5m | Reduced -1.1m |
| WINTON GROUP Ltd 0.34% of their portfolio | 131.4k $10.4m | Added +31.1k |
| Gotham Asset Management, LLC 0.02% of their portfolio | 126.5k $10.0m | Added +36.3k |
| Legal & General Group Plc 0.00% of their portfolio | 119.9k $9.5m | Added +19.0k |
| AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 119.3k $9.4m | Reduced -467.6k |
| OPPENHEIMER ASSET MANAGEMENT INC. 0.10% of their portfolio | 117.4k $9.3m | Added +25.8k |
| RWC Asset Management LLP 0.35% of their portfolio | 116.1k $9.2m | Unchanged |
| Amanah Holdings Trust 0.51% of their portfolio | 110.0k $8.7m | Unchanged |
| Permit Capital, LLC 2.40% of their portfolio | 108.0k $8.6m | New |
| RHUMBLINE ADVISERS 0.01% of their portfolio | 107.7k $8.5m | Reduced -331 |
| Man Group plc 0.02% of their portfolio | 106.2k $8.4m | Added +102.9k |
| Swiss National Bank 0.00% of their portfolio | 103.2k $8.2m | Reduced -6.1k |
| FEDERATED HERMES, INC. 0.01% of their portfolio | 100.6k $8.0m | Reduced -37.0k |
| WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio | 100.0k $7.9m | Reduced -196.3k |
| GENEVA CAPITAL MANAGEMENT LLC 0.17% of their portfolio | 92.5k $7.3m | Reduced -6.0k |
| SIRIOS CAPITAL MANAGEMENT L P 0.89% of their portfolio | 92.2k $7.3m | Added +68.4k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio | 89.0k $7.1m | Added +49.8k |
| California Public Employees Retirement System 0.00% of their portfolio | 87.2k $6.9m | Reduced -4.3k |
| Nuveen, LLC 0.00% of their portfolio | 82.9k $6.6m | Reduced -127.8k |
| Prana Capital Management, LP 0.20% of their portfolio | 81.2k $6.4m | Added +3.8k |
| Tejara Capital Ltd 2.62% of their portfolio | 80.5k $6.4m | Added +47.7k |
| Tidal Investments LLC 0.02% of their portfolio | 79.8k $6.3m | Added +14.9k |
| VICTORY CAPITAL MANAGEMENT INC 0.00% of their portfolio | 78.3k $6.2m | Added +43.1k |
| FRONTIER CAPITAL MANAGEMENT CO LLC 0.06% of their portfolio | 77.5k $6.1m | Reduced -3.4k |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 75.3k $6.0m | Reduced -37.6k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 71.8k $5.7m | Reduced -454.1k |
| Connor, Clark & Lunn Investment Management Ltd. 0.01% of their portfolio | 69.4k $5.5m | New |
| Squarepoint Ops LLC 0.01% of their portfolio | 64.1k $5.1m | New |
| TWO SIGMA INVESTMENTS, LP 0.00% of their portfolio | 63.6k $5.0m | Reduced -262 |
| LPL Financial LLC 0.00% of their portfolio | 60.6k $4.8m | Reduced -2.0k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 59.3k $4.7m | Reduced -5.1k |
| Holocene Advisors, LP 0.01% of their portfolio | 58.5k $4.6m | Added +42.0k |
| AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio | 58.2k $4.6m | Added +37.3k |
| Empowered Funds, LLC 0.02% of their portfolio | 57.1k $4.5m | Reduced -30.4k |
| Creative Planning 0.00% of their portfolio | 53.2k $4.2m | Added +27.6k |
| PRUDENTIAL FINANCIAL INC 0.00% of their portfolio | 53.1k $4.2m | Added +20.6k |
| Engineers Gate Manager LP 0.05% of their portfolio | 52.9k $4.2m | Added +40.9k |
| Schonfeld Strategic Advisors LLC 0.02% of their portfolio | 52.8k $4.2m | Added +30.2k |
| HRT FINANCIAL LP 0.01% of their portfolio | 52.5k $4.2m | New |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio | 51.7k $4.1m | Added +4.2k |
| Amundi 0.00% of their portfolio | 51.3k $4.1m | Reduced -1.2k |
| Access Investment Management LLC 1.04% of their portfolio | 51.2k $4.1m | New |
| AXQ CAPITAL, LP 0.44% of their portfolio | 51.1k $4.1m | New |
| STIFEL FINANCIAL CORP 0.00% of their portfolio | 50.7k $4.0m | Reduced -628 |
| CAPITAL INTERNATIONAL SARL 0.06% of their portfolio | 50.6k $4.0m | Reduced -33.8k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 50.4k $4.0m | Reduced -710.9k |
| Prescott Group Capital Management, L.L.C. 0.34% of their portfolio | 50.0k $4.0m | Added +30.0k |
| Militia Capital Management LLC 0.71% of their portfolio | 49.9k $4.0m | New |
| SG Americas Securities, LLC 0.00% of their portfolio | 49.7k $3.9m | Added +34.4k |