State of Michigan Retirement System’s EPAM Systems EPAM Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2026 Q1	$1.95M	Hold	14,427	–	–	0.01%	672
2025 Q4	$2.96M	Sell	14,427 -600	-4%	-$107K	0.01%	554
2025 Q3	$2.27M	Sell	15,027 -400	-3%	-$65.7K	0.01%	636
2025 Q2	$2.73M	Hold	15,427	–	–	0.01%	563
2025 Q1	$2.6M	Hold	15,427	–	–	0.02%	555
2024 Q4	$3.61M	Sell	15,427 -100	-0.6%	-$22.2K	0.02%	498
2024 Q3	$3.09M	Sell	15,527 -400	-3%	-$80.2K	0.02%	528
2024 Q2	$3M	Buy	15,927 +100	+0.6%	+$21.3K	0.02%	516
2024 Q1	$4.37M	Hold	15,827	–	–	0.02%	450
2023 Q4	$4.71M	Sell	15,827 -100	-0.6%	-$25.4K	0.03%	418
2023 Q3	$4.07M	Hold	15,927	–	–	0.03%	431
2023 Q2	$3.58M	Buy	15,927 +100	+0.6%	+$25.2K	0.02%	469
2023 Q1	$4.73M	Sell	15,827 -123,500	-89%	-$39.8M	0.03%	403
2022 Q4	$45.7M	Buy	139,327 +100	+0.1%	+$34K	0.32%	56
2022 Q3	$50.4M	Sell	139,227 -6,100	-4%	-$2.33M	0.37%	46
2022 Q2	$42.8M	Buy	145,327 +1,100	+0.8%	+$336K	0.29%	63
2022 Q1	$42.8M	Buy	144,227 +27	+0%	+$10.6K	0.25%	68
2021 Q4	$96.4M	Sell	144,200 -9,700	-6%	-$6.24M	0.51%	35
2021 Q3	$87.8M	Sell	153,900 -37,600	-20%	-$22.1M	0.5%	37
2021 Q2	$97.8M	Hold	191,500	–	–	0.57%	36
2021 Q1	$76M	Hold	191,500	–	–	0.48%	45
2020 Q4	$68.6M	Hold	191,500	–	–	0.47%	48
2020 Q3	$61.9M	Sell	191,500 -19,000	-9%	-$5.67M	0.49%	45
2020 Q2	$53M	Hold	210,500	–	–	0.46%	51
2020 Q1	$39.1M	Buy	210,500 +40,500	+24%	+$8.75M	0.43%	53
2019 Q4	$36.1M	Hold	170,000	–	–	0.3%	86
2019 Q3	$31M	Hold	170,000	–	–	0.28%	86
2019 Q2	$29.4M	Buy	170,000 +135,600	+394%	+$23.4M	0.27%	92
2019 Q1	$5.82M	Buy	+34,400	New	+$5.16M	0.05%	297