Cadence Capital Management’s EPAM Systems EPAM Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2014 Q1	–	Sell	-114,483	Closed	-$4M	–	610
2013 Q4	$4M	Sell	114,483 -130,707	-53%	-$4.57M	0.15%	273
2013 Q3	$8.46M	Sell	245,190 -164,630	-40%	-$5.68M	0.29%	147
2013 Q2	$11.1M	Buy	+409,820	New	+$11.1M	0.52%	33