EPAM Systems

EPAM • NYSE

EPAM Systems is a information technology services company in the technology sector on NYSE, led by Anton G. Karpov, with a market cap of $11.1B. As of Q3 2025, 90% of shares are held by 533 institutional investors, with VANGUARD GROUP INC as the largest holder at 12.59%.

Chief Executive OfficerAnton G. Karpov

Market Cap$11.1B

Information Technology Services

Technology

Employees53.2K

Websiteepam.com

Country

United States of America

Overview

Overview of institutional ownership in EPAM as of Q3 2025 with a market cap of $8.4B

All Institutions

Institutions: 533
Value Held: $7.6B
Shares Held: 50.2M
Avg Position: $14.2M
Median Position: $607.7K

Hedge Funds

Hedge Funds: 49
Value Held: $1.0B
Shares Held: 6.7M
Avg Position: $20.5M
Median Position: $3.0M

Ownership Breakdown

Institutional (non-HF)

78.11%

$6.6B

Hedge Funds

11.98%

$1.0B

Retail & Other

9.91%

$832.1M

Based on market cap of $8.4B as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in EPAM as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
VANGUARD GROUP INC Institution	Salim Ramji CEO	$1.1B 0.02% of portfolio	12.59% 7.0M shares	≤ Q2 2013 Held for 12y 5m+	$6.69T
B BlackRock, Inc. Institution	-	$703.6M 0.01% of portfolio	8.38% 4.7M shares	≤ Q2 2013 Held for 12y 5m+	$5.67T
Invesco Ltd. ETF Provider	Brian Christopher Hartigan CEO	$589.8M 0.09% of portfolio	7.02% 3.9M shares	≤ Q2 2013 Held for 12y 5m+	$633.08B
AMERIPRISE FINANCIAL INC Institution	Jim Cracchiolo CEO	$401.5M 0.09% of portfolio	4.78% 2.7M shares	≤ Q2 2013 Held for 12y 5m+	$433.11B
STATE STREET CORP Institution	Ronald P. O'Hanley CEO	$353.0M 0.01% of portfolio	4.20% 2.3M shares	≤ Q2 2013 Held for 12y 5m+	$2.88T
C Capital World Investors Institution	-	$348.0M 0.05% of portfolio	4.14% 2.3M shares	Q2 2014 Held for 11y 5m	$730.00B
GEODE CAPITAL MANAGEMENT LLC ETF Provider	David Kenneth Lane CEO	$218.4M 0.01% of portfolio	2.60% 1.4M shares	≤ Q2 2013 Held for 12y 5m+	$1.57T
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	Kenneth Cordele Griffin CEO	$207.8M 0.17% of portfolio	2.47% 1.4M shares	Q4 2015 Held for 9y 11m	$122.08B
B BAILLIE GIFFORD & CO Institution	-	$195.1M 0.14% of portfolio	2.32% 1.3M shares	Q2 2025 Held for 5 months	$134.80B
MASSACHUSETTS FINANCIAL SERVICES CO /MA/ Long Only Manager	Edward Murray Maloney CEO	$159.7M 0.05% of portfolio	1.90% 1.1M shares	Q2 2024 Held for 1y 5m	$322.72B

Net Capital Flow

Institutional buying and selling activity for EPAM in Q3 2025

Net Flow: +$19.5M
Buyers: 218
Sellers: 278
Total Bought: +$949.6M
Total Sold: −$930.0M
Avg Position: $13.3M

Biggest Buyers

Institution	Net Bought	Current Position
B BRANDES INVESTMENT PARTNERS, LP Long Only Manager	+$122.9M +814.8K shares	$124.0M 822.6K shares
AMERIPRISE FINANCIAL INC Institution	+$90.0M +596.8K shares	$401.5M 2.7M shares
BARCLAYS PLC Institution	+$87.9M +583.0K shares	$105.3M 698.6K shares
RIMA SENVEST MANAGEMENT, L.L.C. Hedge Fund•Multi-Strategy	+$79.1M +524.8K shares	$146.0M 968.4K shares
Van Berkom & Associates Inc. Long Only Manager	+$54.5M +361.2K shares	$55.7M 369.4K shares
A Aikya Investment Management Ltd Hedge Fund•Sector	+$52.3M +347.1K shares	$106.3M 704.8K shares
A Alyeska Investment Group, L.P. Hedge Fund•Multi-Strategy	+$43.0M +284.8K shares	$97.3M 645.0K shares
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	+$39.6M +262.7K shares	$50.6M 335.8K shares
B BAILLIE GIFFORD & CO Institution	+$33.4M +221.5K shares	$195.1M 1.3M shares
B BlackRock, Inc. Institution	+$31.4M +207.9K shares	$703.6M 4.7M shares

Biggest Sellers

Institution	Net Sold	Current Position
WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC Long Only Manager	−$148.9M −841.9K shares	Sold Off 0 shares
MASSACHUSETTS FINANCIAL SERVICES CO /MA/ Long Only Manager	−$64.0M −424.6K shares	$159.7M 1.1M shares
JACOBS LEVY EQUITY MANAGEMENT, INC Hedge Fund•Quant	−$60.4M −341.8K shares	Sold Off 0 shares
ING INVESTMENT MANAGEMENT LLC Insurance Manager	−$47.7M −316.3K shares	$28.7M 190.2K shares
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	−$42.7M −282.9K shares	$207.8M 1.4M shares
ARGA Investment Management, LP Long Only Manager	−$42.4M −281.0K shares	$29.7M 196.7K shares
C Capital World Investors Institution	−$38.2M −253.4K shares	$348.0M 2.3M shares
A Assenagon Asset Management S.A. Institution	−$31.3M −207.3K shares	$8.9M 59.1K shares
Invesco Ltd. ETF Provider	−$28.9M −191.6K shares	$589.8M 3.9M shares
Junto Capital Management LP Hedge Fund•Long/Short	−$28.3M −160.1K shares	Sold Off 0 shares

Entry and Exit Activity

Institutions that initiated new positions or completely exited EPAM in Q3 2025

New Positions: 40
New Value: $28.9M
Exited Positions: 93
Exited Value: $344.9M

New Positions

Institution	Position Value
W Wishbone Management, LP Hedge Fund•Multi-Strategy	$15.1M 100.0K shares
Integrated Wealth Concepts LLC RIA/Wealth	$3.6M 23.8K shares
E Elo Mutual Pension Insurance Co Institution	$1.8M 12.0K shares
C Circumference Group LLC Hedge Fund•Multi-Strategy	$1.7M 11.0K shares
Union Bankshares Corp Institution	$1.4M 9.2K shares
S Sender Co & Partners, Inc. Institution	$976.5K 6.5K shares
Board of the Pension Protection Fund RIA/Wealth	$633.3K 4.2K shares
Catalytic Wealth RIA, LLC RIA/Wealth	$615.1K 4.1K shares
C CSM Advisors, LLC Institution	$373.7K 2.5K shares
C CSS LLC/IL Institution	$339.3K 2.3K shares

Exited Positions

Institution	Previous Position
WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC Long Only Manager	$148.9M 841.9K shares
JACOBS LEVY EQUITY MANAGEMENT, INC Hedge Fund•Quant	$60.4M 341.8K shares
Junto Capital Management LP Hedge Fund•Long/Short	$28.3M 160.1K shares
F Fourth Sail Capital LP Institution	$12.7M 71.7K shares
Connor, Clark & Lunn Investment Management Ltd. Long Only Manager	$11.2M 63.3K shares
Marshall Wace LLP Institution	$9.0M 50.7K shares
Edgestream Partners, L.P. Hedge Fund•Quant Macro	$6.8M 38.2K shares
G Grantham, Mayo, Van Otterloo & Co. LLC Long Only Manager	$5.7M 32.4K shares
ExodusPoint Capital Management, LP Hedge Fund•Multi-Strategy	$5.4M 30.7K shares
MERIDIAN MANAGEMENT CO RIA/Wealth	$5.0M 31.8K shares

Options Activity

Institutions with the largest Call and Put options positions in EPAM as of Q3 2025

Call Positions: 11
Call Value: $48.4M
Put Positions: 11
Put Value: $41.8M

Call Positions

Institution	Position Value
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$14.5M 961.0 contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$13.4M 889.0 contracts
C Cubist Systematic Strategies, LLC Institution	$5.3M 352.0 contracts
T Twin Tree Management, LP Hedge Fund•Vol Arbitrage	$5.1M 340.0 contracts
W WOLVERINE TRADING, LLC Institution	$4.3M 276.0 contracts
P PEAK6 LLC Institution	$2.0M 132.0 contracts
TUDOR INVESTMENT CORP ET AL Hedge Fund•Multi-Strategy	$1.3M 89.0 contracts
Walleye Trading LLC RIA/Wealth	$1.3M 87.0 contracts
J JANE STREET GROUP, LLC Institution	$904.7K 60.0 contracts
Walleye Trading Advisors, LLC Hedge Fund•Multi-Strategy	$211.1K 14.0 contracts

Put Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$14.8M 979.0 contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$10.1M 671.0 contracts
T Twin Tree Management, LP Hedge Fund•Vol Arbitrage	$6.4M 424.0 contracts
C Cubist Systematic Strategies, LLC Institution	$4.1M 270.0 contracts
W WOLVERINE TRADING, LLC Institution	$2.4M 155.0 contracts
J JANE STREET GROUP, LLC Institution	$1.7M 114.0 contracts
VELA Investment Management, LLC Long Only Manager	$754.0K 50.0 contracts
TUDOR INVESTMENT CORP ET AL Hedge Fund•Multi-Strategy	$708.7K 47.0 contracts
Walleye Trading LLC RIA/Wealth	$588.1K 39.0 contracts
Walleye Trading Advisors, LLC Hedge Fund•Multi-Strategy	$286.5K 19.0 contracts

Most Committed Institutions

Institutions with EPAM as the highest % of their portfolio as of Q3 2025

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
A Aikya Investment Management Ltd Hedge Fund•Sector	Ashish Nmn Swarup Managing Partner	29.75% $106.3M	1.27% 704.8K shares	Q1 2025 Held for 8 months	$357.2M
Owls Nest Partners IA, LLC Hedge Fund•Value	David C Ferreira President	10.82% $38.9M	0.46% 258.2K shares	Q1 2023 Held for 2y 8m	$359.8M
W Wishbone Management, LP Hedge Fund•Multi-Strategy	John Brooks Harris Managing Partner	8.11% $15.1M	0.18% 100.0K shares	Q3 2025 Held for 2 months	$186.0M
Blue Door Asset Management, LLC Hedge Fund•Long/Short	Michael Jay Luddy Managing Partner	7.96% $14.1M	0.17% 93.3K shares	Q2 2025 Held for 5 months	$176.7M
RIMA SENVEST MANAGEMENT, L.L.C. Hedge Fund•Multi-Strategy	Richard Ron Mashaal Founder	4.69% $146.0M	1.74% 968.4K shares	Q1 2025 Held for 8 months	$3.1B
Otter Creek Advisors, LLC Hedge Fund•Long/Short	Justin Arthur Beals COO	4.03% $4.1M	0.05% 26.9K shares	Q2 2025 Held for 5 months	$100.8M
Pacific Capital Partners Ltd RIA/Wealth	Chad T Willardson President	3.61% $3.2M	0.04% 21.5K shares	Q2 2024 Held for 1y 5m	$89.8M
C Circumference Group LLC Hedge Fund•Multi-Strategy	Jeffrey Howard Fox CEO	1.95% $1.7M	0.02% 11.0K shares	Q3 2025 Held for 2 months	$85.2M
White Oak Capital Partners Pte. Ltd. Hedge Fund•Multi-Strategy	Sanjay Vaid CEO	1.60% $249.1K	0.00% 1.7K shares	Q4 2024 Held for 11 months	$15.6M
Van Berkom & Associates Inc. Long Only Manager	Joannes Sebastian Van Berkom CEO	1.58% $55.7M	0.66% 369.4K shares	Q4 2024 Held for 11 months	$3.5B

Hedge Fund Spotlight

Discover hedge funds investing in EPAM

TWINBEECH CAPITAL LP

Hedge Fund • Quant

Portfolio ManagerJinghua (Nmn) Yan

Portfolio Value: $2.5B
Positions: 536
Last Reported: Q3 2025

Sector Allocation

Position in EPAM Systems

Market Value: $5.2M
Shares Held: 34.3K
Portfolio Weight: 0.20%
Owned Since: 2024-Q1

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