EPAM Systems, Inc.
US ˙ NYSE ˙ US29414B1044

SecurityEPAM / EPAM Systems, Inc.
InstitutionCommerce Bank
Latest Disclosed Ownership1,710 shares
Latest Disclosed Value $ 231,533
Commerce Bank reports 11.40% increase in ownership of EPAM / EPAM Systems, Inc.

On May 11, 2026 - Commerce Bank filed a 13F-HR form disclosing ownership of 1,710 shares of EPAM Systems, Inc. (US:EPAM) valued at $231,534 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 13, 2026 disclosing 1,535 shares of EPAM Systems, Inc.. This represents a change in shares of 11.40% during the quarter. The current value of the position is $166,349 USD.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-05-11 2026-03-31 13F EPAM SYS COM 29414B104 1,710 175 11.40 232 -26.43 0.0005
2026-02-13 2025-12-31 13F EPAM SYS COM 29414B104 1,535 29 1.93 314 38.33 0.0017
2025-11-12 2025-09-30 13F EPAM SYS COM 29414B104 1,506 106 7.57 227 -8.10 0.0013
2025-08-07 2025-06-30 13F EPAM SYS COM 29414B104 1,400 -194 -12.17 248 -8.18 0.0015
2025-05-08 2025-03-31 13F EPAM SYS COM 29414B104 1,594 -99 -5.85 269 -31.90 0.0017
2025-02-13 2024-12-31 13F EPAM SYS COM 29414B104 1,693 -1,688 -49.93 396 -41.22 0.0024
2024-11-08 2024-09-30 13F EPAM SYS COM 29414B104 3,381 109 3.33 673 9.27 0.0041
2024-08-12 2024-06-30 13F EPAM SYS COM 29414B104 3,272 125 3.97 615 -29.23 0.0040
2024-05-03 2024-03-31 13F EPAM SYS COM 29414B104 3,147 68 2.21 869 -5.03 0.0057
2024-02-09 2023-12-31 13F EPAM SYS COM 29414B104 3,079 -47 -1.50 916 14.52 0.0065
2023-11-14 2023-09-30 13F EPAM SYS COM 29414B104 3,126 13 0.42 799 14.31 0.0063
2023-08-08 2023-06-30 13F EPAM SYS COM 29414B104 3,113 31 1.01 700 -24.10 0.0052
2023-05-04 2023-03-31 13F EPAM SYS COM 29414B104 3,082 -71 -2.25 922 -10.84 0.0072
2023-02-10 2022-12-31 13F EPAM SYS COM 29414B104 3,153 -20 -0.63 1,033 -10.10 0.0084
2022-11-04 2022-09-30 13F EPAM SYS COM 29414B104 3,173 -332 -9.47 1,149 11.23 0.0100
2022-08-12 2022-06-30 13F EPAM SYS COM 29414B104 3,505 578 19.75 1,033 19.01 0.0084
2022-05-09 2022-03-31 13F EPAM SYS COM 29414B104 2,927 -4,889 -62.55 868 -83.38 0.0059
2022-02-14 2021-12-31 13F EPAM SYS COM 29414B104 7,816 -1,205 -13.36 5,224 1.52 0.0342
2021-11-09 2021-09-30 13F EPAM SYS COM 29414B104 9,021 -2,875 -24.17 5,146 -15.35 0.0364
2021-08-09 2021-06-30 13F EPAM SYS COM 29414B104 11,896 -2,915 -19.68 6,079 3.45 0.0432
2021-05-05 2021-03-31 13F EPAM SYS COM 29414B104 14,811 -2,240 -13.14 5,876 -3.83 0.0447
2021-02-09 2020-12-31 13F EPAM SYS COM 29414B104 17,051 1,364 8.70 6,110 20.47 0.0494
2020-11-06 2020-09-30 13F EPAM SYS COM 29414B104 15,687 -1,810 -10.34 5,072 15.04 0.0459
2020-08-07 2020-06-30 13F EPAM SYS COM 29414B104 17,497 14,437 471.80 4,409 676.23 0.0430
2020-05-08 2020-03-31 13F EPAM SYS COM 29414B104 3,060 745 32.18 568 15.68 0.0069
2020-02-14 2019-12-31 13F EPAM SYS COM 29414B104 2,315 541 30.50 491 51.54 0.0047
2019-11-12 2019-09-30 13F EPAM SYS COM 29414B104 1,774 -175 -8.98 324 -4.14 0.0033
2019-08-07 2019-06-30 13F EPAM SYS COM 29414B104 1,949 -4,714 -70.75 338 -70.01 0.0038
2019-05-08 2019-03-31 13F EPAM SYS COM 29414B104 6,663 -3,052 -31.42 1,127 0.00 0.0133
2019-02-11 2018-12-31 13F EPAM SYS COM 29414B104 9,715 -120 -1.22 1,127 -16.77 0.0144
2018-11-02 2018-09-30 13F EPAM SYS COM 29414B104 9,835 240 2.50 1,354 13.50 0.0161
2018-08-08 2018-06-30 13F EPAM SYS COM 29414B104 9,595 278 2.98 1,193 11.81 0.0152
2018-05-03 2018-03-31 13F EPAM SYS COM 29414B104 9,317 -211 -2.21 1,067 4.30 0.0141
2018-02-12 2017-12-31 13F EPAM SYS COM 29414B104 9,528 -90 -0.94 1,023 21.07 0.0133
2017-11-07 2017-09-30 13F/A-1 EPAM SYS COM 29414B104 9,618 0 0.00 845 4.45 0.0115
2017-11-07 2017-09-30 13F EPAM SYS COM 29414B104 9,618 809
2017-08-08 2017-06-30 13F EPAM SYS COM 29414B104 9,618 517 5.68 809 17.76 0.0113
2017-05-05 2017-03-31 13F EPAM SYS COM 29414B104 9,101 2,510 38.08 687 62.03 0.0098
2017-02-08 2016-12-31 13F EPAM SYS COM 29414B104 6,591 -144 -2.14 424 -9.21 0.0063
2016-11-03 2016-09-30 13F EPAM SYS COM 29414B104 6,735 0 0.00 467 7.85 0.0073
2016-08-09 2016-06-30 13F EPAM SYS COM 29414B104 6,735 -65 -0.96 433 -14.76 0.0068
2016-04-27 2016-03-31 13F EPAM SYS COM 29414B104 6,800 50 0.74 508 -4.33 0.0084
2016-02-12 2015-12-31 13F EPAM SYS COM 29414B104 6,750 -10 -0.15 531 5.36 0.0089
2015-11-10 2015-09-30 13F EPAM SYS COM 29414B104 6,760 -10 -0.15 504 4.56 0.0087
2015-08-03 2015-06-30 13F EPAM SYS COM 29414B104 6,770 -170 -2.45 482 13.15 0.0075
2015-05-06 2015-03-31 13F EPAM SYS COM 29414B104 6,940 -95 -1.35 426 26.79 0.0066
2015-02-11 2014-12-31 13F EPAM SYS COM 29414B104 7,035 -90 -1.26 336 7.69 0.0053
2014-11-06 2014-09-30 13F EPAM SYS COM 29414B104 7,125 -20 -0.28 312 0.00 0.0051
2014-08-05 2014-06-30 13F EPAM SYS COM 29414B104 7,145 0 0.00 312 32.77 0.0051
2014-05-09 2014-03-31 13F EPAM SYS COM 29414B104 7,145 435 6.48 235 0.00 0.0040
2014-02-14 2013-12-31 13F EPAM SYS COM 29414B104 6,710 6,710 235 0.0041
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.