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 ($23.8m this quarter). Holder counts are more reliable. Shares outstanding: 52.2m as of 2026-04-30, 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 ≈ $135.56. Options: 15 managers hold calls ($46.7m notional), 13 hold puts ($35.2m).
Trends to Q1 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 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q2 2024 | 279 | 284 |
| 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 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q2 2025 | $60.2m | $56.9m | 0.95 |
| Q3 2025 | $57.0m | $50.5m | 0.89 |
| Q4 2025 | $61.4m | $40.9m | 0.67 |
| Q1 2026 | $46.7m | $35.2m | 0.75 |
Biggest buyers
| Capital World Investors | Added | +3.2m |
| AMERIPRISE FINANCIAL INC | Added | +1.4m |
| MORGAN STANLEY | Added | +633.0k |
| AQR CAPITAL MANAGEMENT LLC | Added | +545.7k |
| Invesco Ltd. | Added | +462.9k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ | Added | +414.6k |
| Boston Partners | Added | +406.5k |
| UBS Group AG | Added | +405.1k |
| Van Berkom & Associates Inc. | Added | +394.3k |
| BRANDES INVESTMENT PARTNERS, LP | Added | +341.2k |
Biggest sellers
| BAILLIE GIFFORD & CO | Sold out | -1.2m |
| Senvest Management, LLC | Sold out | -821.4k |
| MILLENNIUM MANAGEMENT LLC | Reduced | -598.6k |
| Wishbone Management, LP | Sold out | -300.0k |
| WASATCH ADVISORS LP | Sold out | -291.6k |
| FMR LLC | Reduced | -291.2k |
| Owls Nest Partners IA, LLC | Sold out | -230.2k |
| Alyeska Investment Group, L.P. | Sold out | -218.9k |
| ARGA Investment Management, LP | Sold out | -193.6k |
| GOLDMAN SACHS GROUP INC | Reduced | -154.7k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $15.4m113.4k shares |
| IMC-Chicago, LLC | Added | $8.6m63.6k shares |
| CITADEL ADVISORS LLC | Added | $8.0m58.8k shares |
| FIL Ltd | Unchanged | $4.4m32.2k shares |
| JANE STREET GROUP, LLC | Reduced | $4.3m31.5k shares |
| Walleye Capital LLC | Added | $1.2m8.9k shares |
| Squarepoint Ops LLC | New | $1.2m8.8k shares |
| Point72 Asset Management, L.P. | Reduced | $907.2k6.7k shares |
| GROUP ONE TRADING LLC | Added | $771.8k5.7k shares |
| SIMPLEX TRADING, LLC | Reduced | $609.3k4.5k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $16.6m122.3k shares |
| IMC-Chicago, LLC | Added | $4.2m30.7k shares |
| CITADEL ADVISORS LLC | Added | $3.4m25.1k shares |
| JANE STREET GROUP, LLC | Added | $3.0m21.8k shares |
| TUDOR INVESTMENT CORP ET AL | New | $2.3m17.2k shares |
| Walleye Capital LLC | Added | $1.6m11.7k shares |
| Walleye Trading LLC | Reduced | $1.5m10.8k shares |
| VELA Investment Management, LLC | Added | $947.8k7.0k shares |
| SIMPLEX TRADING, LLC | Reduced | $690.5k5.1k shares |
| Point72 Asset Management, L.P. | Reduced | $352.0k2.6k 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 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 |
|---|---|---|---|---|---|
| Q2 2024 | 0 | — | 0 | — | — |
| Q3 2024 | 0 | — | 0 | — | — |
| 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 | — | — |
None reported in Q1 2026.
Holders, Q1 2026
| Manager | Shares | Change |
|---|---|---|
| Capital World Investors 0.13% of their portfolio | 6.8m $926.2m | Added +3.2m |
| Invesco Ltd. 0.06% of their portfolio | 4.4m $592.9m | Added +462.9k |
| BlackRock, Inc. 0.01% of their portfolio | 4.1m $553.6m | Reduced -85.7k |
| AMERIPRISE FINANCIAL INC 0.12% of their portfolio | 3.8m $512.3m | Added +1.4m |
| VANGUARD CAPITAL MANAGEMENT LLC 0.01% of their portfolio | 3.5m $469.0m | First filing |
| VANGUARD PORTFOLIO MANAGEMENT LLC 0.02% of their portfolio | 3.0m $400.5m | First filing |
| STATE STREET CORP 0.01% of their portfolio | 2.2m $302.4m | Reduced -37.7k |
| Boston Partners 0.30% of their portfolio | 2.1m $285.9m | Added +406.5k |
| GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 1.6m $218.4m | Added +169.3k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.07% of their portfolio | 1.5m $205.4m | Added +414.6k |
| BRANDES INVESTMENT PARTNERS, LP 1.27% of their portfolio | 1.3m $179.4m | Added +341.2k |
| JPMORGAN CHASE & CO 0.01% of their portfolio | 1.3m $173.9m | Added +129.0k |
| MORGAN STANLEY 0.01% of their portfolio | 1.1m $151.5m | Added +633.0k |
| DIMENSIONAL FUND ADVISORS LP 0.03% of their portfolio | 1.1m $144.8m | Added +219.4k |
| Aikya Investment Management Ltd 35.76% of their portfolio | 910.6k $123.3m | Added +146.8k |
| Van Berkom & Associates Inc. 1.81% of their portfolio | 817.8k $110.7m | Added +394.3k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.01% of their portfolio | 761.2k $103.1m | Reduced -22.9k |
| FIL Ltd 0.07% of their portfolio | 695.5k $94.2m | Reduced -18.1k |
| BANK OF AMERICA CORP /DE/ 0.01% of their portfolio | 624.7k $84.6m | Added +85.5k |
| AQR CAPITAL MANAGEMENT LLC 0.04% of their portfolio | 586.9k $79.5m | Added +545.7k |
| UBS Group AG 0.01% of their portfolio | 577.3k $78.2m | Added +405.1k |
| ROYAL BANK OF CANADA 0.01% of their portfolio | 525.9k $71.2m | Reduced -26.6k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 521.5k $70.6m | Added +19.2k |
| NORTHERN TRUST CORP 0.01% of their portfolio | 461.9k $62.5m | Added +10.0k |
| FMR LLC 0.00% of their portfolio | 387.3k $52.4m | Reduced -291.2k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.03% of their portfolio | 348.6k $47.2m | Added +25.2k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.06% of their portfolio | 339.1k $45.9m | Added +17.2k |
| TD Asset Management Inc 0.04% of their portfolio | 330.4k $44.7m | Reduced -128.8k |
| VOYA INVESTMENT MANAGEMENT LLC 0.05% of their portfolio | 325.6k $44.1m | Added +136.3k |
| VANGUARD FIDUCIARY TRUST CO 0.01% of their portfolio | 307.2k $41.6m | First filing |
| BESSEMER GROUP INC 0.06% of their portfolio | 305.1k $41.3m | Added +64.1k |
| Quantinno Capital Management LP 0.07% of their portfolio | 304.3k $41.2m | Reduced -6.3k |
| WELLINGTON MANAGEMENT GROUP LLP 0.01% of their portfolio | 296.3k $40.1m | Added +91.8k |
| Bank of New York Mellon Corp 0.01% of their portfolio | 288.4k $39.1m | Reduced -19.8k |
| Point72 Asset Management, L.P. 0.07% of their portfolio | 280.8k $38.0m | Reduced -119.8k |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.03% of their portfolio | 265.3k $36.1m | Reduced -112.9k |
| Fiera Capital Corp 0.12% of their portfolio | 251.6k $34.1m | Added +10.5k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.01% of their portfolio | 223.0k $30.2m | Added +20.1k |
| CITIGROUP INC 0.02% of their portfolio | 220.7k $29.9m | Added +64.3k |
| Nuveen, LLC 0.01% of their portfolio | 210.8k $28.5m | Added +87.8k |
| DEUTSCHE BANK AG\ 0.01% of their portfolio | 206.1k $27.9m | Added +80.6k |
| BARCLAYS PLC 0.01% of their portfolio | 204.4k $27.7m | Added +121.3k |
| Epoch Investment Partners, Inc. 0.15% of their portfolio | 187.1k $25.3m | Reduced -70.0k |
| HSBC HOLDINGS PLC 0.01% of their portfolio | 183.5k $25.1m | Reduced -85.2k |
| Pacer Advisors, Inc. 0.07% of their portfolio | 180.6k $24.5m | Added +176.1k |
| Clearbridge Investments, LLC 0.02% of their portfolio | 171.8k $23.3m | Reduced -14.0k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 159.5k $21.6m | Reduced -154.7k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 153.4k $20.8m | Added +42.9k |
| RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio | 152.9k $20.7m | Added +63.3k |
| FEDERATED HERMES, INC. 0.03% of their portfolio | 137.6k $18.6m | Reduced -66.1k |
| BNP PARIBAS FINANCIAL MARKETS 0.01% of their portfolio | 124.1k $16.8m | Added +8.6k |
| NORRIS PERNE & FRENCH LLP/MI 0.79% of their portfolio | 120.3k $16.3m | Added +309 |
| RWC Asset Management LLP 0.66% of their portfolio | 116.1k $15.7m | Added +38.6k |
| Vanguard Global Advisers, LLC 0.01% of their portfolio | 115.7k $15.7m | First filing |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 112.9k $15.3m | Added +13.8k |
| Amanah Holdings Trust 1.64% of their portfolio | 110.0k $14.9m | Unchanged |
| Swiss National Bank 0.01% of their portfolio | 109.3k $14.8m | Reduced -500 |
| RHUMBLINE ADVISERS 0.01% of their portfolio | 108.0k $14.6m | Added +10.0k |
| Corient Private Wealth LP 0.02% of their portfolio | 104.3k $14.1m | Reduced -84.1k |
| Legal & General Group Plc 0.00% of their portfolio | 100.9k $13.7m | Added +3.8k |
| WINTON GROUP Ltd 0.48% of their portfolio | 100.3k $13.6m | Added +355 |
| GENEVA CAPITAL MANAGEMENT LLC 0.28% of their portfolio | 98.5k $13.3m | Reduced -2.0k |
| FIRST TRUST ADVISORS LP 0.01% of their portfolio | 96.4k $13.0m | Reduced -78.2k |
| OPPENHEIMER ASSET MANAGEMENT INC. 0.14% of their portfolio | 91.6k $12.4m | Added +33.8k |
| California Public Employees Retirement System 0.01% of their portfolio | 91.5k $12.4m | Reduced -1.7k |
| Gotham Asset Management, LLC 0.04% of their portfolio | 90.2k $12.2m | Added +40.1k |
| Empowered Funds, LLC 0.08% of their portfolio | 87.6k $11.9m | Added +83.3k |
| CAPITAL INTERNATIONAL SARL 0.19% of their portfolio | 84.4k $11.4m | Added +45.4k |
| CITADEL ADVISORS LLC 0.01% of their portfolio | 83.9k $11.4m | Reduced -7.2k |
| FRONTIER CAPITAL MANAGEMENT CO LLC 0.11% of their portfolio | 80.9k $11.0m | Reduced -95.1k |
| Prana Capital Management, LP 0.32% of their portfolio | 77.4k $10.5m | Added +70.2k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.01% of their portfolio | 75.7k $10.3m | Added +5.6k |
| Distillate Capital Partners LLC 0.53% of their portfolio | 74.8k $10.1m | Reduced -565 |
| PRINCIPAL FINANCIAL GROUP INC 0.00% of their portfolio | 66.5k $9.0m | Reduced -88 |
| Tidal Investments LLC 0.03% of their portfolio | 64.9k $8.8m | Added +57.0k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio | 64.3k $8.7m | Added +10.7k |
| TWO SIGMA INVESTMENTS, LP 0.01% of their portfolio | 63.9k $8.6m | Added +32.3k |
| LPL Financial LLC 0.00% of their portfolio | 62.6k $8.5m | Added +7.2k |
| DANSKE BANK A/S 0.02% of their portfolio | 60.3k $8.2m | Added +21.7k |
| Leeward Investments, LLC - MA 0.40% of their portfolio | 60.3k $8.2m | Added +11.3k |
| ROYCE & ASSOCIATES LP 0.08% of their portfolio | 58.4k $7.9m | Added +4.3k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 57.2k $11.7m | Reduced -116.5k |
| Robeco Institutional Asset Management B.V. 0.01% of their portfolio | 54.0k $7.3m | Reduced -4.0k |
| Amundi 0.00% of their portfolio | 52.5k $7.1m | Reduced -53.2k |
| State of New Jersey Common Pension Fund D 0.03% of their portfolio | 52.1k $7.1m | Unchanged |
| STIFEL FINANCIAL CORP 0.01% of their portfolio | 51.4k $7.0m | Added +9.2k |
| Grantham, Mayo, Van Otterloo & Co. LLC 0.02% of their portfolio | 50.9k $6.9m | Added +5.1k |
| VANGUARD ASSET MANAGEMENT, Ltd 0.01% of their portfolio | 50.6k $6.9m | First filing |
| VAN ECK ASSOCIATES CORP 0.00% of their portfolio | 47.8k $6.5m | Reduced -13.8k |
| Russell Investments Group, Ltd. 0.01% of their portfolio | 47.6k $6.4m | Reduced -24.8k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio | 47.5k $6.4m | Added +2.2k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.01% of their portfolio | 47.1k $6.4m | Reduced -1.8k |
| KBC Group NV 0.02% of their portfolio | 46.7k $6.3m | Added +89 |
| BANK OF MONTREAL /CAN/ 0.00% of their portfolio | 45.6k $6.2m | Reduced -486 |
| CAPITAL INTERNATIONAL LTD /CA/ 0.23% of their portfolio | 45.5k $6.2m | Added +23.3k |
| STATE OF WISCONSIN INVESTMENT BOARD 0.01% of their portfolio | 42.1k $5.7m | Reduced -1.5k |
| BW Gestao de Investimentos Ltda. 0.25% of their portfolio | 41.3k $5.6m | Reduced -52 |
| Capital International, Inc./CA/ 0.04% of their portfolio | 40.3k $5.5m | Added +27.5k |
| LAZARD ASSET MANAGEMENT LLC 0.01% of their portfolio | 39.3k $5.3m | Added +17.7k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio | 39.2k $5.3m | Reduced -3.1k |