Equity indices · Market page
S&P 500
Leveraged funds are net short 410,518 contracts, 21.1% of open interest. That is the 22nd percentile of its three-year range. The net position changed +5.4K contracts over the latest week.
Positions as of13 Oct 2026Updated 17 Oct 2026
01
Positioning history
The net position over time.
Positioning historyS&P 500: leveraged funds net position.Net contracts · Above zero: net long · Below zero: net short
2026-10-13Net short 410,518
02
Participant structure
Who carries the reported exposure.
ParticipantNet contractsRelative size
Asset managers+918.1K
Dealers−603.2K
Leveraged funds−410.5K
Non-reportables+106.8K
Other reportables−11.2K
CFTC participant categories vary by report family. The primary positioning series uses managed money for physical commodities and leveraged funds for financial futures.
03
Comparable states
What followed similar positioning.
| Positioning bucket | N | 4W positive | 8W positive | 12W positive | Avg 12W |
|---|---|---|---|---|---|
| z ≥ 2.0 (extreme long) | 34 | 29.4% | 23.5% | 29.4% | +4.11% |
| 1.5 ≤ z < 2.0 | 52 | 23.1% | 13.5% | 14.3% | +4.72% |
| 1.0 ≤ z < 1.5 | 75 | 32.0% | 27.8% | 12.7% | +3.66% |
| neutral (−1.0 < z < 1.0) | 478 | 47.9% | 48.2% | 47.6% | +3.17% |
| −1.5 < z ≤ −1.0 | 88 | 68.2% | 64.8% | 75.0% | +2.29% |
| −2.0 < z ≤ −1.5 | 36 | 52.8% | 55.6% | 63.9% | -0.40% |
| z ≤ −2.0 (extreme short) | 30 | 76.7% | 73.3% | 66.7% | +2.22% |
Overlapping historical observations. Periods and sample sizes are shown so the comparison can be read in context.