Equity indices · Market page
S&P 500
Long exposure sits in the 52nd percentile. The lead participant net position changed −5.9K contracts over the latest week.
Positions as of1 Sept 2026Released 5 Sept 2026
01
Positioning history
Current exposure in its own range.
Positioning historyS&P 500 exposure is measured against its own history.Lead participant rolling z-score
2026-09-01+1.01σ
02
Participant structure
Who carries the reported exposure.
ParticipantNet contractsRelative size
Asset managers+936.3K
Dealers−701.2K
Leveraged funds−334.4K
Non-reportables+105.4K
Other reportables−6K
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 | 50 | 20.0% | 14.3% | 14.3% | +4.72% |
| 1.0 ≤ z < 1.5 | 72 | 33.3% | 27.1% | 12.9% | +3.65% |
| neutral (−1.0 < z < 1.0) | 477 | 48.0% | 48.3% | 48.0% | +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% | 65.5% | +2.22% |
Overlapping historical observations. Periods and sample sizes are shown so the comparison can be read in context.