The heavy institutional selling suggests deteriorating fundamentals or sector headwinds. Traders should monitor for further insider selling or negative earnings revisions. The lack of insider buying corroborates the bearish thesis.
Executive Summary
A significant institutional cluster shows 14 funds reducing EPAM holdings by $345M while only 4 funds added $29.6M, indicating strong bearish sentiment. The selling is concentrated among large asset managers, with Boston Partners and New York State Common Retirement Fund nearly exiting their positions entirely. No insider buying corroborates the bearish thesis.
Key Financial Metrics
Institutional Positions
Net institutional flow: -$315.6M
▲ Buyers (4)
| Institution | Action | Change | Position Value | Value Δ |
|---|---|---|---|---|
| Assenagon Asset Management | DOUBLED | +1560.4% | $23.2M | $20.8M |
| Citigroup | DOUBLED | +120.7% | $38.6M | $8.8M |
| Strs Ohio | ADD | +47% | $150.0K | -$24.1K |
| Walleye Capital | DOUBLED | +146.5% | $187.0K | $57.0K |
▼ Sellers (14)
| Institution | Action | Change | Prev Value | Value Δ |
|---|---|---|---|---|
| Boston Partners | NEAR_EXIT | -98.4% | $285.9M | -$283.2M |
| New York State Common Retirement Fund | NEAR_EXIT | -89.9% | $45.9M | -$43.2M |
| Robeco Institutional Asset Management B.v. | TRIM | -50.2% | $7.3M | -$5.2M |
| Envestnet Asset Management | TRIM | -33.3% | $15.3M | -$9.3M |
| Mirae Asset Global Investments Co. | NEAR_EXIT | -95.7% | $1.6M | -$1.6M |
Key Facts
- 14 institutional sellers reduced EPAM holdings by a net $345M in Q2 2026
- Boston Partners nearly exited a $285.9M position (98.4% reduction)
- New York State Common Retirement Fund nearly exited a $45.9M position (89.9% reduction)
- Only 4 buyers added $29.6M, led by Assenagon Asset Management (doubled to $23.2M) and Citigroup (doubled to $38.6M)
- No open-market insider buying was detected in the same window
Financial Impact
Net institutional selling of $315.6M (approximately 5.3% of market cap) driven by 14 sellers reducing positions by $345M
Risk Factors
- 13F data is stale (45-day lag); positions may have changed since quarter-end
- Selling could be due to index rebalancing or tax-loss harvesting rather than fundamental concerns
- Historical EPAM reports have underperformed, suggesting limited short-term impact
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 institutional 13F filing from SEC EDGAR.
| Document | Accession Number |
|---|---|
| INST-CLUSTER Data (Synthetic) | inst-cluster-EPAM-2026-Q2 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 5, 2026 8w ago | Institutional Cluster | $109.87 $117.20 | ▼ −6.67% | ▼ −7.27% | — |
Jul 6, 2026 12w ago | Press Release | $89.55 $107.26 | ▲ +19.78% | ▲ +18.44% | — |
Apr 30, 2026 22w ago | Insider Cluster | $113.06 $101.43 | ▼ −10.29% | ▼ −15.25% | — |
Apr 15, 2026 24w ago | DEFA14A | $126.59 $90.39 | ▼ −28.60% | ▼ −34.41% | — |
Mar 5, 2026 30w ago | 8-K | $144.28 $137.76 | ▼ −4.52% | ▼ −0.73% | — |
US Market Status
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