Ameriprise Financial Reports New 7.3% Stake in EPAM Systems, Inc.

Ameriprise Financial, Inc. (AFI) filed a Schedule 13G on May 15, 2026, reporting a significant new ownership stake in EPAM Systems, Inc. As of the event date on March 31, 2026, AFI beneficially owns 3,822,745 shares of EPAM Common Stock, representing 7.3% of the class. This position is largely held through its subsidiary, Columbia Management Investment Advisers, LLC (CMIA), which separately reported beneficial ownership of 3,734,420 shares, or 7.1% of the company. AFI, acting as a parent holding company, shares dispositive power over the full 3,822,745 shares and shares voting power over 2,859,009 shares. The filing indicates that the securities were acquired in the ordinary course of business and not for the purpose of influencing or changing the control of the issuer. This represents a substantial increase from a zero-percent position previously reported, marking a major investment by the financial services firm in the digital transformation services provider.