What smart money is saying about EPAM Systems
2 funds in our archive have pitched EPAM Systems — most recently White Falcon Capital Management Partner Strategy in June 2026.
EPAM Systems, Inc. is a leading global provider of comprehensive digital platform engineering and software development solutions. The company's extensive service portfolio includes: Engineering Services: From initial requirements analysis and strategic platform selection to tailored customization, seamless cross-platform migration, and robust implementation and integration of new systems. Infrastructure Management: Covering the full lifecycle of software development, rigorous testing, and ongoing maintenance across private, public, and mobile infrastructures. This includes overseeing operations for applications, databases, networks, servers, storage, and broader systems management, alongside proactive monitoring, incident notification, and rapid resolution. Maintenance and Support: Ensuring the sustained performance and reliability of client systems. Operational Enhancement: Delivering solutions that streamline processes through integrated engineering practices and intelligent automation. Optimization Services: Focused on quality assurance, these include advanced software application testing, meticulous test management, automated testing, and consulting to elevate clients' existing QA practices. They also provide specialized testing to uncover potential threats and fortify business systems against information loss and cyber vulnerabilities. Consulting and Advisory: Offering expert guidance across various domains such as business strategy, user experience, technology roadmaps, data analytics, and technical advisory. Design and Innovation: Crafting digital and service design solutions, encompassing strategic planning, creative execution, and program management. Additionally, EPAM drives physical product development, leveraging cutting-edge technologies like artificial intelligence (AI), robotics, and virtual reality (VR). EPAM caters to a diverse global clientele across numerous sectors, including financial services, travel and consumer goods, software and high-tech, business information and media, and the life sciences and healthcare industries. Established in 1993, the company maintains its headquarters in Newtown, Pennsylvania.
Get an email when a fund writes about it
Position history
Between Q4 2025 and Q2 2026, 5 fund letters reported a position in EPAM Systems — 1 opened or added to the position.
| Quarter | Letters | Bought | Sold | Theses |
|---|---|---|---|---|
| Q2 2026 | 3 | 1 | 0 | 1 |
| Q1 2026 | 2 | 0 | 0 | 0 |
| Q4 2025 | 0 | 0 | 0 | 1 |
Fund activity · 5 positions · 1 move
- June 2026
“Top detractors from relative performance: Brazil’s WEG and drugstore operator Raia Drogasil detracted as higher inflation expectations in the country are expected to result in higher-for-longer interest rates. Nevertheless, Raia Drogasil reported strong earnings powered by growth in its GLP-1 category and the expanding footprint of its pharmacies. Developed Market-listed Energy holding Tenaris detracted due to fears that the closure of the Strait of Hormuz could delay delivery of its steel-pipe products and inflate logistics costs. IT services business EPAM lowered full-year organic revenue guidance as clients impacted by transportation disruptions due to the Middle East conflict are likely to delay discretionary IT spending.”
Read the letterEPAM Systems - June 2026
“The biggest detractor this quarter was EPAM Systems (EPAM). We have stubbornly held the stock for some time and as the saying goes there is sometimes no difference between being early and being wrong.”
Read the letterEPAM Systems - New positionKopernik Global All-Cap FundJune 2026
“Lower prices provided multiple new opportunities during the quarter. The Fund initiated positions in: Lumina Metals Corp, a pre-production gold and silver developer with assets in Poland; DiDi Global Inc., the “Uber of China,” which has 70% of the Chinese ride-sharing market; Ayala Corp, a Filipino conglomerate with investments in various segments including real estate, banking, telecommunication, renewable energy, health, logistics, and mobility; EPAM Systems Inc., a specialized software-engineering firm; Mosaic Co., the largest phosphate producer in the United States and a global producer of potash; Birchcliff Energy Ltd., a Canadian natural gas producer with long- lived low-cost reserves; GT Capital Holdings Ltd, a Filipino holding company; and Grupo Financiero Inbursa SAB de CV, a Mexico-based financial holding company.”
Read the letterEPAM Systems - HoldsHarding LoevnerMarch 2026
Listed in Harding Loevner’s reported holdings.
Read the letterEPAM Systems - March 2026
Listed in Frontier Emerging Markets Equity’s reported holdings.
Read the letterEPAM Systems
Also mentioned · 1
These funds discuss EPAM Systems — as a competitor, benchmark or comparable — without disclosing a position in it.
- July 2026
Named in a table in Harding Loevner Frontier Emerging Markets Equity’s letter.
Read the letterEPAM Systems
Fund coverage · 2 theses
EPAM Systems has a resilient business and net-cash balance sheet, trades at a low multiple, and is expected to benefit from rising demand for trusted engineering partners as AI deployment and integration become more important.
Read the full thesis- White Falcon Capital ManagementDecember 2025
EPAM Systems is an engineering-led IT services firm positioned to benefit from cloud modernization and AI-driven custom development with attractive valuation and mid-to-high teens growth prospects.
Read the full thesis
Read every full thesis on EPAM Systems
Unlock all 2 theses — the full reasoning behind what funds are buying, plus unlimited access to the entire archive.
View plans→