EPAM SYS INC

Ticker: EPAM CUSIP: 29414B104 Class: Common Stock

STATE OF MICHIGAN RETIREMENT SYSTEM's Holding History (CIK: 0000762152)

Note: Option positions (PUT/CALL) are excluded.

Q4 2025

Shares 14,427 Value ($000) $2,956 Avg Close $178.28 Range $140.84 - $214.52

Q3 2025

Shares 15,027 Value ($000) $2,266 Avg Close $164.18 Range $146.43 - $185.82

Q2 2025

Shares 15,427 Value ($000) $2,728 Avg Close $167.17 Range $138.15 - $189.62

Q1 2025

Shares 15,427 Value ($000) $2,605 Avg Close $220.54 Range $164.00 - $269.00

Q4 2024

Shares 15,427 Value ($000) $3,607 Avg Close $222.46 Range $187.64 - $257.00

Q3 2024

Shares 15,527 Value ($000) $3,090 Avg Close $200.41 Range $179.55 - $223.03

Q2 2024

Shares 15,927 Value ($000) $2,996 Avg Close $213.23 Range $169.43 - $277.04

Q1 2024

Shares 15,827 Value ($000) $4,371 Avg Close $294.23 Range $266.29 - $317.50

Q4 2023

Shares 15,827 Value ($000) $4,706 Avg Close $253.87 Range $209.15 - $302.85

Q3 2023

Shares 15,927 Value ($000) $4,072 Avg Close $247.05 Range $224.55 - $270.76

Q2 2023

Shares 15,927 Value ($000) $3,580 Avg Close $251.85 Range $197.99 - $304.33

Q1 2023

Shares 15,827 Value ($000) $4,732 Avg Close $322.16 Range $269.73 - $385.96

Q4 2022

Shares 139,327 Value ($000) $45,663 Avg Close $340.00 Range $298.67 - $389.59

Q3 2022

Shares 139,227 Value ($000) $50,427 Avg Close $382.56 Range $291.43 - $462.99

Q2 2022

Shares 145,327 Value ($000) $42,839 Avg Close $305.54 Range $260.68 - $364.65

Q1 2022

Shares 144,227 Value ($000) $42,779 Avg Close $392.21 Range $168.59 - $675.34

Q4 2021

Shares 144,200 Value ($000) $96,390 Avg Close $643.63 Range $552.08 - $725.40

Q3 2021

Shares 153,900 Value ($000) $87,797 Avg Close $588.43 Range $507.80 - $648.72

Q2 2021

Shares 191,500 Value ($000) $97,849 Avg Close $468.62 Range $394.02 - $527.04

Q1 2021

Shares 191,500 Value ($000) $75,966 Avg Close $365.96 Range $328.90 - $407.06

Q4 2020

Shares 191,500 Value ($000) $68,624 Avg Close $333.73 Range $305.83 - $360.89

Q3 2020

Shares 191,500 Value ($000) $61,908 Avg Close $298.58 Range $246.01 - $338.91

Q2 2020

Shares 210,500 Value ($000) $53,048 Avg Close $220.07 Range $158.83 - $257.98

Q1 2020

Shares 210,500 Value ($000) $39,081 Avg Close $215.94 Range $151.97 - $248.27

Q4 2019

Shares 170,000 Value ($000) $36,067 Avg Close $196.74 Range $168.26 - $217.00

Q3 2019

Shares 170,000 Value ($000) $30,994 Avg Close $188.28 Range $174.71 - $201.00

Q2 2019

Shares 170,000 Value ($000) $29,427 Avg Close $172.23 Range $157.16 - $180.55

Q1 2019

Shares 34,400 Value ($000) $5,818 Avg Close $149.89 Range $111.44 - $173.71

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	14,427	$2,956	$178.28	$140.84 - $214.52
Q3 2025	15,027	$2,266	$164.18	$146.43 - $185.82
Q2 2025	15,427	$2,728	$167.17	$138.15 - $189.62
Q1 2025	15,427	$2,605	$220.54	$164.00 - $269.00
Q4 2024	15,427	$3,607	$222.46	$187.64 - $257.00
Q3 2024	15,527	$3,090	$200.41	$179.55 - $223.03
Q2 2024	15,927	$2,996	$213.23	$169.43 - $277.04
Q1 2024	15,827	$4,371	$294.23	$266.29 - $317.50
Q4 2023	15,827	$4,706	$253.87	$209.15 - $302.85
Q3 2023	15,927	$4,072	$247.05	$224.55 - $270.76
Q2 2023	15,927	$3,580	$251.85	$197.99 - $304.33
Q1 2023	15,827	$4,732	$322.16	$269.73 - $385.96
Q4 2022	139,327	$45,663	$340.00	$298.67 - $389.59
Q3 2022	139,227	$50,427	$382.56	$291.43 - $462.99
Q2 2022	145,327	$42,839	$305.54	$260.68 - $364.65
Q1 2022	144,227	$42,779	$392.21	$168.59 - $675.34
Q4 2021	144,200	$96,390	$643.63	$552.08 - $725.40
Q3 2021	153,900	$87,797	$588.43	$507.80 - $648.72
Q2 2021	191,500	$97,849	$468.62	$394.02 - $527.04
Q1 2021	191,500	$75,966	$365.96	$328.90 - $407.06
Q4 2020	191,500	$68,624	$333.73	$305.83 - $360.89
Q3 2020	191,500	$61,908	$298.58	$246.01 - $338.91
Q2 2020	210,500	$53,048	$220.07	$158.83 - $257.98
Q1 2020	210,500	$39,081	$215.94	$151.97 - $248.27
Q4 2019	170,000	$36,067	$196.74	$168.26 - $217.00
Q3 2019	170,000	$30,994	$188.28	$174.71 - $201.00
Q2 2019	170,000	$29,427	$172.23	$157.16 - $180.55
Q1 2019	34,400	$5,818	$149.89	$111.44 - $173.71