Cliff Asness's EPAM Position Overview
Cliff Asness (via Aqr Capital Management LLC) currently holds 41,249 shares of EPAM Systems, Inc. (EPAM) worth $8.45 M, representing 0.00% of the portfolio. First purchased in 2013-Q3, this long-term strategic position has been held for 47 quarters.
Based on 13F filings since 2013, Cliff Asness has maintained a long-term strategic position in EPAM, representing a significant commitment to this investment thesis. Largest addition occurred in Q2 2019, adding 422,425 shares. Largest reduction occurred in Q2 2022, reducing 231,193 shares.
Analysis based on 13F filings available since 2013 Q2
Cliff Asness's EPAM Systems (EPAM) Holding Value Over Time
Track share changes against reported price movement
Quarterly EPAM Systems (EPAM) Trades by Cliff Asness
| Report Date | Bought/Sold (Sh.) | % Change | Qtr. End Shares | Reported Price |
|---|---|---|---|---|
| Q4 2025 | -49,796 | Reduce 54.69% | 41,249 | $204.88 |
| Q3 2025 | -53,473 | Reduce 37.00% | 91,045 | $150.79 |
| Q2 2025 | +40,528 | Add 38.97% | 144,518 | $176.82 |
| Q1 2025 | -153,390 | Reduce 59.60% | 103,990 | $165.15 |
| Q4 2024 | +92,859 | Add 56.44% | 257,380 | $233.82 |
| Q3 2024 | +85,482 | Add 108.15% | 164,521 | $198.76 |
| Q2 2024 | +57,180 | Add 261.59% | 79,039 | $186.22 |
| Q1 2024 | +422 | Add 1.97% | 21,859 | $274.82 |
| Q4 2023 | +7,605 | Add 54.98% | 21,437 | $297.34 |
| Q3 2023 | -4,700 | Reduce 25.36% | 13,832 | $255.69 |
| Q2 2023 | -47,350 | Reduce 71.87% | 18,532 | $223.91 |
| Q1 2023 | +24,555 | Add 59.42% | 65,882 | $295.99 |
| Q4 2022 | -16,791 | Reduce 28.89% | 41,327 | $323.05 |
| Q3 2022 | -36,717 | Reduce 38.72% | 58,118 | $362.19 |
| Q2 2022 | -231,193 | Reduce 70.91% | 94,835 | $293.16 |
| Q1 2022 | +269,455 | Add 476.30% | 326,028 | $296.61 |
| Q4 2021 | -1,670 | Reduce 2.87% | 56,573 | $668.45 |
| Q3 2021 | +9,287 | Add 18.97% | 58,243 | $570.47 |
| Q2 2021 | -6,027 | Reduce 10.96% | 48,956 | $510.97 |
| Q1 2021 | -4,061 | Reduce 6.88% | 54,983 | $392.99 |
| Q4 2020 | +1,113 | Add 1.92% | 59,044 | $357.21 |
| Q3 2020 | -19,288 | Reduce 24.98% | 57,931 | $323.28 |
| Q2 2020 | -63,150 | Reduce 44.99% | 77,219 | $248.58 |
| Q1 2020 | -68,438 | Reduce 32.78% | 140,369 | $183.40 |
| Q4 2019 | -121,962 | Reduce 36.87% | 208,807 | $212.16 |
| Q3 2019 | -192,337 | Reduce 36.77% | 330,769 | $180.96 |
| Q2 2019 | +422,425 | Add 419.57% | 523,106 | $172.10 |
| Q1 2019 | -124,987 | Reduce 55.39% | 100,681 | $169.13 |
| Q4 2018 | +120,951 | Add 115.50% | 225,668 | $116.01 |
| Q3 2018 | +78,728 | Add 302.93% | 104,717 | $137.69 |
| Q2 2018 | -12,801 | Reduce 33.00% | 25,989 | $124.32 |
| Q1 2018 | +24,852 | Add 178.30% | 38,790 | $114.51 |
| Q4 2017 | +13,938 | New Buy | 13,938 | $107.40 |
| Q4 2016 | -6,966 | Sold Out | 0 | $0.00 |
| Q3 2016 | -9,779 | Reduce 58.40% | 6,966 | $69.34 |
| Q2 2016 | -7,821 | Reduce 31.84% | 16,745 | $64.32 |
| Q1 2016 | -19,402 | Reduce 44.13% | 24,566 | $74.66 |
| Q4 2015 | -17,818 | Reduce 28.84% | 43,968 | $78.63 |
| Q3 2015 | -20,332 | Reduce 24.76% | 61,786 | $74.52 |
| Q2 2015 | +16,867 | Add 25.85% | 82,118 | $71.23 |
| Q1 2015 | -19,049 | Reduce 22.60% | 65,251 | $61.29 |
| Q4 2014 | -4,334 | Reduce 4.89% | 84,300 | $47.75 |
| Q3 2014 | +24,700 | Add 38.63% | 88,634 | $43.79 |
| Q2 2014 | +18,600 | Add 41.03% | 63,934 | $43.75 |
| Q1 2014 | +9,200 | Add 25.46% | 45,334 | $32.89 |
| Q4 2013 | +7,615 | Add 26.70% | 36,134 | $34.95 |
| Q3 2013 | +28,519 | New Buy | 28,519 | $34.50 |
Cliff Asness's EPAM Systems Investment FAQs
Cliff Asness first purchased EPAM Systems, Inc. (EPAM) in Q3 2013, acquiring 28,519 shares, as reported in their 13F filing for that period. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
Cliff Asness has held EPAM Systems, Inc. (EPAM) for 47 quarters since Q3 2013.
Cliff Asness's largest addition to EPAM Systems, Inc. (EPAM) was in Q2 2019, adding 523,106 shares worth $90.03 M.
According to the latest 13F filing for Q4 2025, Cliff Asness's firm, Aqr Capital Management LLC, owns 41,249 shares of EPAM Systems, Inc. (EPAM), valued at approximately $8.45 M.
As of the Q4 2025 filing, EPAM Systems, Inc. (EPAM) represents approximately 0.00% of Cliff Asness's publicly disclosed stock portfolio, making it one of their key holdings.
Cliff Asness's peak holding in EPAM Systems, Inc. (EPAM) was 523,106 shares, as reported at the end of Q2 2019.