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 ($25.1m this quarter). Holder counts are more reliable. Shares outstanding: 57.9m as of 2023-04-28, 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 ≈ $294.81. Options: 13 managers hold calls ($90.1m notional), 16 hold puts ($115.5m).
Trends to Q1 2023
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 592 |
| Q4 2022 | 611 |
| Q1 2023 | 570 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q4 2022 | 268 | 289 |
| Q1 2023 | 257 | 327 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2022 | $446.6m | $261.9m | 0.59 |
| Q4 2022 | $143.5m | $114.5m | 0.80 |
| Q1 2023 | $90.1m | $115.5m | 1.28 |
Biggest buyers
| FMR LLC | Added | +1.8m |
| ENVESTNET ASSET MANAGEMENT INC | Added | +658.4k |
| Capital World Investors | Added | +419.3k |
| Alyeska Investment Group, L.P. | New | +383.7k |
| LONE PINE CAPITAL LLC | Added | +362.7k |
| MILLENNIUM MANAGEMENT LLC | Added | +244.5k |
| STRS OHIO | Added | +236.9k |
| Capital International Investors | New | +206.6k |
| WESTFIELD CAPITAL MANAGEMENT CO LP | New | +197.0k |
| RENAISSANCE TECHNOLOGIES LLC | New | +165.0k |
Biggest sellers
| WCM INVESTMENT MANAGEMENT, LLC | Reduced | -617.0k |
| JPMORGAN CHASE & CO | Reduced | -377.4k |
| Nuveen Asset Management, LLC | Reduced | -360.4k |
| 1832 Asset Management L.P. | Sold out | -298.2k |
| LORD, ABBETT & CO. LLC | Sold out | -250.4k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | Reduced | -190.5k |
| AMERIPRISE FINANCIAL INC | Reduced | -150.7k |
| STATE OF MICHIGAN RETIREMENT SYSTEM | Reduced | -123.5k |
| ROYAL BANK OF CANADA | Reduced | -121.9k |
| MACQUARIE GROUP LTD | Reduced | -115.1k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $33.0m110.3k shares |
| CITADEL ADVISORS LLC | Reduced | $18.5m62.0k shares |
| Walleye Trading LLC | Added | $12.7m42.6k shares |
| PEAK6 Investments LLC | Added | $8.1m27.0k shares |
| SIMPLEX TRADING, LLC | Reduced | $6.2m20.7k shares |
| JANE STREET GROUP, LLC | Reduced | $4.6m15.3k shares |
| WOLVERINE TRADING, LLC | Added | $2.4m8.2k shares |
| Parallax Volatility Advisers, L.P. | Reduced | $1.9m6.5k shares |
| Squarepoint Ops LLC | New | $1.7m5.8k shares |
| Paloma Partners Management Co | Added | $837.2k2.8k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $32.9m110.1k shares |
| CITADEL ADVISORS LLC | Added | $28.4m95.0k shares |
| Twin Tree Management, LP | Reduced | $24.1m80.5k shares |
| SIMPLEX TRADING, LLC | Added | $10.6m35.5k shares |
| D. E. Shaw & Co., Inc. | Unchanged | $5.4m18.1k shares |
| PEAK6 Investments LLC | Reduced | $2.7m8.9k shares |
| Walleye Trading LLC | Added | $2.4m8.0k shares |
| Squarepoint Ops LLC | New | $2.0m6.7k shares |
| Parallax Volatility Advisers, L.P. | Reduced | $1.7m5.7k shares |
| GROUP ONE TRADING LLC | Added | $1.6m5.2k 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 in Q1 2023
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 |
|---|---|---|---|---|---|
| Q2 2021 | 0 | — | 0 | — | — |
| Q3 2021 | 0 | — | 0 | — | — |
| Q4 2021 | 0 | — | 8 | $66.1m | — |
| Q1 2022 | 0 | — | 0 | — | — |
| Q2 2022 | 0 | — | 2 | $623.7k | — |
| Q3 2022 | 0 | — | 5 | $28.9m | — |
| Q4 2022 | 0 | — | 1 | $350.0k | — |
| Q1 2023 | 0 | — | 0 | — | — |
None reported in Q1 2023.
Holders, Q1 2023
| Manager | Shares | Change |
|---|---|---|
| Capital Research Global Investors 0.58% of their portfolio | 6.8m $2.0bn | Added +533 |
| VANGUARD GROUP INC 0.05% of their portfolio | 6.5m $1.9bn | Reduced -26.8k |
| BlackRock Inc. 0.04% of their portfolio | 4.0m $1.2bn | Reduced -32.4k |
| ALLIANCEBERNSTEIN L.P. 0.46% of their portfolio | 3.6m $1.1bn | Added +81.1k |
| FMR LLC 0.05% of their portfolio | 3.3m $990.8m | Added +1.8m |
| WCM INVESTMENT MANAGEMENT, LLC 2.67% of their portfolio | 2.8m $836.3m | Reduced -617.0k |
| Capital World Investors 0.16% of their portfolio | 2.5m $756.8m | Added +419.3k |
| STATE STREET CORP 0.04% of their portfolio | 2.2m $668.1m | Added +57.0k |
| JPMORGAN CHASE & CO 0.08% of their portfolio | 2.1m $642.7m | Reduced -377.4k |
| Invesco Ltd. 0.10% of their portfolio | 1.2m $351.0m | Added +23.4k |
| GEODE CAPITAL MANAGEMENT, LLC 0.05% of their portfolio | 1.2m $348.6m | Added +22.3k |
| LONE PINE CAPITAL LLC 2.67% of their portfolio | 965.6k $288.7m | Added +362.7k |
| DSM CAPITAL PARTNERS LLC 4.66% of their portfolio | 953.8k $285.2m | Added +110.9k |
| ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio | 769.4k $30.5m | Added +658.4k |
| BANK OF AMERICA CORP /DE/ 0.02% of their portfolio | 726.5k $217.2m | Added +53.4k |
| NORTHERN TRUST CORP 0.04% of their portfolio | 694.0k $207.5m | Reduced -39.1k |
| MORGAN STANLEY 0.02% of their portfolio | 671.2k $200.7m | Reduced -39.0k |
| NORGES BANK 0.04% of their portfolio | 574.7k $171.8m | Added +21.3k |
| Nuveen Asset Management, LLC 0.05% of their portfolio | 445.4k $133.2m | Reduced -360.4k |
| Bank of New York Mellon Corp 0.03% of their portfolio | 413.3k $123.6m | Reduced -14.1k |
| Alyeska Investment Group, L.P. 1.01% of their portfolio | 383.7k $114.7m | New |
| STRS OHIO 0.16% of their portfolio | 350.9k $104.9m | Added +236.9k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.03% of their portfolio | 350.0k $104.6m | Added +11.1k |
| Legal & General Group Plc 0.04% of their portfolio | 336.1k $100.5m | Added +6.8k |
| VOYA INVESTMENT MANAGEMENT LLC 0.09% of their portfolio | 290.7k $86.9m | Reduced -11.4k |
| AMERICAN CENTURY COMPANIES INC 0.07% of their portfolio | 288.4k $86.2m | Added +11.7k |
| MARTIN CURRIE LTD 3.02% of their portfolio | 283.1k $84.7m | Reduced -38.5k |
| Mitsubishi UFJ Trust & Banking Corp 0.20% of their portfolio | 280.3k $83.8m | Added +107.6k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.04% of their portfolio | 277.0k $82.8m | Reduced -190.5k |
| MILLENNIUM MANAGEMENT LLC 0.09% of their portfolio | 273.4k $81.7m | Added +244.5k |
| Harding Loevner LP 0.45% of their portfolio | 264.2k $79.0m | Reduced -79.6k |
| Perpetual Ltd 0.68% of their portfolio | 263.6k $78.8m | First filing |
| FRONTIER CAPITAL MANAGEMENT CO LLC 0.76% of their portfolio | 244.2k $73.0m | Reduced -66.7k |
| JACOBS LEVY EQUITY MANAGEMENT, INC 0.42% of their portfolio | 228.7k $68.4m | Reduced -54.1k |
| Swiss National Bank 0.05% of their portfolio | 228.3k $68.3m | Reduced -4.9k |
| Baird Financial Group, Inc. 0.16% of their portfolio | 215.5k $64.4m | Added +2.7k |
| Capital International Investors 0.02% of their portfolio | 206.6k $61.8m | New |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.21% of their portfolio | 201.2k $60.2m | Added +14.0k |
| Southpoint Capital Advisors LP 1.36% of their portfolio | 200.0k $59.8m | Added +120.0k |
| WESTFIELD CAPITAL MANAGEMENT CO LP 0.42% of their portfolio | 197.0k $58.9m | New |
| DIMENSIONAL FUND ADVISORS LP 0.02% of their portfolio | 196.3k $58.7m | Added +4.9k |
| AMERIPRISE FINANCIAL INC 0.02% of their portfolio | 187.2k $56.0m | Reduced -150.7k |
| RENAISSANCE TECHNOLOGIES LLC 0.07% of their portfolio | 165.0k $49.3m | New |
| BAMCO INC /NY/ 0.14% of their portfolio | 161.0k $48.1m | Reduced -8.7k |
| Sumitomo Mitsui Trust Group, Inc. 0.04% of their portfolio | 159.6k $47.7m | Reduced -430 |
| Ensign Peak Advisors, Inc 0.09% of their portfolio | 138.3k $41.3m | Added +10.9k |
| GILDER GAGNON HOWE & CO LLC 0.68% of their portfolio | 136.4k $40.8m | Added +4.8k |
| Amundi 0.02% of their portfolio | 134.7k $38.1m | Added +43.6k |
| Grandeur Peak Global Advisors, LLC 2.45% of their portfolio | 134.2k $40.1m | Added +17.9k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.01% of their portfolio | 133.9k $40.0m | Reduced -14.1k |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 132.4k $39.6m | Reduced -20.9k |
| CIBC Private Wealth Group LLC 0.01% of their portfolio | 131.6k $5.8m | Reduced -47.7k |
| BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp 0.39% of their portfolio | 124.4k $37.2m | Added +94.4k |
| DEUTSCHE BANK AG\ 0.02% of their portfolio | 117.8k $35.2m | Reduced -31.3k |
| RHUMBLINE ADVISERS 0.04% of their portfolio | 113.7k $34.0m | Added +7.4k |
| California Public Employees Retirement System 0.03% of their portfolio | 109.3k $32.7m | Reduced -14.3k |
| UBS Group AG 0.02% of their portfolio | 108.9k $32.6m | Reduced -4.5k |
| NORDEA INVESTMENT MANAGEMENT AB 0.05% of their portfolio | 107.3k $31.7m | Reduced -1.5k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.04% of their portfolio | 94.7k $28.3m | Reduced -703 |
| Cerity Partners LLC 0.07% of their portfolio | 94.3k $28.2m | Added +8.1k |
| EULAV Asset Management 1.06% of their portfolio | 90.1k $26.9m | Added +7.2k |
| National Pension Service 0.05% of their portfolio | 84.7k $24.9m | Reduced -5.1k |
| TWINBEECH CAPITAL LP 0.51% of their portfolio | 84.4k $25.2m | Added +65.9k |
| State of New Jersey Common Pension Fund D 0.09% of their portfolio | 82.4k $24.6m | Unchanged |
| NEW YORK STATE COMMON RETIREMENT FUND 0.03% of their portfolio | 81.6k $24.4m | Reduced -1.7k |
| HSBC HOLDINGS PLC 0.03% of their portfolio | 79.6k $23.8m | Added +6.6k |
| PRINCIPAL FINANCIAL GROUP INC 0.02% of their portfolio | 74.5k $22.3m | Added +64 |
| Owls Nest Partners IA, LLC 8.00% of their portfolio | 74.4k $22.3m | New |
| Qube Research & Technologies Ltd 0.13% of their portfolio | 74.0k $22.1m | Reduced -3.3k |
| GENEVA CAPITAL MANAGEMENT LLC 0.45% of their portfolio | 73.4k $22.0m | Added +179 |
| ANCHOR CAPITAL ADVISORS LLC 0.58% of their portfolio | 73.1k $21.8m | Added +99 |
| NEUBERGER BERMAN GROUP LLC 0.02% of their portfolio | 71.9k $21.3m | Reduced -33.4k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.03% of their portfolio | 66.1k $19.8m | Added +42.6k |
| AQR CAPITAL MANAGEMENT LLC 0.04% of their portfolio | 65.9k $19.5m | Added +24.6k |
| D. E. Shaw & Co., Inc. 0.03% of their portfolio | 65.2k $19.5m | Added +60.6k |
| MAI Capital Management 0.31% of their portfolio | 64.8k $19.4m | Reduced -3.5k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.04% of their portfolio | 62.4k $18.6m | Reduced -471 |
| Robeco Institutional Asset Management B.V. 0.05% of their portfolio | 62.3k $18.6m | Added +42.6k |
| CREDIT SUISSE AG/ 0.02% of their portfolio | 61.6k $18.4m | Added +377 |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.04% of their portfolio | 61.1k $18.3m | Reduced -1.5k |
| TOBAM 1.17% of their portfolio | 59.3k $17.7m | Added +18.1k |
| ADAGE CAPITAL PARTNERS GP, L.L.C. 0.04% of their portfolio | 57.6k $17.2m | Reduced -10.9k |
| ROYAL BANK OF CANADA 0.01% of their portfolio | 56.2k $16.8m | Reduced -121.9k |
| PRUDENTIAL FINANCIAL INC 0.03% of their portfolio | 55.7k $16.6m | Reduced -83.6k |
| BARCLAYS PLC 0.02% of their portfolio | 53.6k $16.0m | Reduced -20.7k |
| Melqart Asset Management (UK) Ltd 1.19% of their portfolio | 53.3k $16.0m | Reduced -67.8k |
| Thrivent Financial for Lutherans 0.04% of their portfolio | 52.7k $15.8m | Added +9.1k |
| APG Asset Management N.V. 0.03% of their portfolio | 52.0k $14.3m | Reduced -8.0k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.08% of their portfolio | 51.2k $15.3m | New |
| TD Asset Management Inc 0.02% of their portfolio | 51.2k $15.3m | Reduced -159 |
| CITIGROUP INC 0.02% of their portfolio | 49.0k $14.6m | Added +4.8k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 48.1k $14.4m | Added +1.7k |
| Hosking Partners LLP 0.64% of their portfolio | 46.4k $13.9m | Reduced -9.1k |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.02% of their portfolio | 44.8k $13.4m | Reduced -12.7k |
| POLEN CAPITAL MANAGEMENT LLC 0.04% of their portfolio | 44.6k $13.3m | New |
| Caisse de depot et placement du Quebec 0.04% of their portfolio | 43.3k $12.9m | Added +42.2k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.03% of their portfolio | 43.2k $12.9m | Added +3.4k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.01% of their portfolio | 40.5k $12.1m | Added +169 |
| Treasurer of the State of North Carolina 0.07% of their portfolio | 39.8k $11.9m | Added +392 |
| BRASADA CAPITAL MANAGEMENT, LP 2.44% of their portfolio | 36.6k $10.9m | Reduced -929 |