{"as_of":"2026-10-20","release_date":"2026-10-23","generated_at":"2026-10-29T06:16:34.148Z","data_updated_at":"2026-10-24T04:07:46.701Z","stale":false,"notice":null,"fetch_error":null,"validation":{"ok":true,"checks":"rows: dates, open interest > 0, 0 <= longs/shorts <= OI, no duplicates or future dates; output: net = long - short, percentile recomputed independently, n_weeks = history length, |% of OI| <= 100","errors":[]},"source":{"name":"CFTC Commitments of Traders","url":"https://www.cftc.gov/MarketReports/CommitmentsofTraders/index.htm","datasets":{"tff_futures_only":"https://publicreporting.cftc.gov/resource/gpe5-46if","disaggregated_futures_only":"https://publicreporting.cftc.gov/resource/72hh-3qpy"},"license":"Public domain (CFTC Web Policy). Credit: Source: CFTC Commitments of Traders; percentiles by RogueIQ."},"method":{"window":"Expanding window from 2018-01-02 (Bitcoin from 2018-04-10) through the latest report, inclusive.","net":"Net position = the group's long contracts minus its short contracts. Spreading positions are excluded.","near_zero":"near_zero_net = true when |net| is under 1% of open interest; percentile_note then warns the percentile can swing on small changes.","since_note":"since_note says Highest/Lowest since a date only when that date is 4+ weeks back; otherwise it gives the week-on-week direction.","percentile":"Percentile = share of weekly net positions in the window that are less than or equal to this week's, times 100. Shown as 100 when this week is the highest and 0 when it is the lowest.","reports":"Futures-only reports. Financial contracts: CFTC Traders in Financial Futures (Asset Manager/Institutional and Leveraged Funds). WTI and gold: CFTC Disaggregated (Managed Money).","contracts":"One contract per market, keyed by CFTC contract market code so 2022 name changes don't break history: E-mini S&P 500 13874A, Nasdaq mini 209742, 10-year note 043602, USD Index (ICE) 098662, WTI-Physical (NYMEX) 067651, Gold (COMEX) 088691, Bitcoin (CME) 133741.","shifts":"change_wow / change_4w = change in net contracts over 1 and 4 weeks. rank_change_1w / rank_change_4w = this week's percentile minus the percentile the week 1 or 4 weeks back would have against the same history (points on the 0-100 scale). plain_label turns the percentile into words: top or bottom 10% = Unusually long/short, the single highest or lowest week = Most long/short since 2018, under 1% of open interest = Close to flat.","dates":"report_date is the Tuesday the positions are as of. release_date is the CFTC's standard Friday release for that week; federal holidays can delay it.","updates":"Checked every Friday from 3:35 PM ET, hourly until 7:35 PM ET, then Saturday, Sunday and Monday mornings until the new week appears. The last 8 weeks are re-read each time to pick up CFTC revisions."},"methodology_url":"https://rogueiq.com/bigmoneyiq/#method","page_url":"https://rogueiq.com/bigmoneyiq/","note":"Data and percentiles are free. The plain-English reads for extreme readings are on the web page for free RogueIQ members.","disclaimer":"BigMoneyIQ is for general information and education only. It is not investment, tax or legal advice and is not a recommendation to buy, sell or hold any security, future or asset. Positioning data show how one-sided a trade is versus history and don't say when that changes. Data are from the U.S. Commodity Futures Trading Commission, may be revised, and are shown as of the dates stated; RogueIQ does not guarantee accuracy or completeness. Past patterns do not guarantee future results.","attribution":"Source: CFTC Commitments of Traders (public domain). Percentiles calculated by RogueIQ.","summary":{"most_crowded":{"market":"ust10y","name":"10-year Treasury note","group":"Asset managers","percentile":100},"emptiest":{"market":"wti","name":"WTI crude oil","group":"Hedge funds and other speculators (CFTC: managed money)","percentile":5}},"markets":[{"id":"sp500","name":"S&P 500","contract":"E-MINI S&P 500 - CHICAGO MERCANTILE EXCHANGE","cftc_code":"13874A","exchange":"CME","report":"tff","report_type":"Traders in Financial Futures (TFF), futures only","futures_only":true,"light":false,"question":"Are hedge funds long the S&P 500?","answer":"No: hedge funds (CFTC: leveraged funds) are net short 371,245 contracts, the 22nd percentile since 2018 (CFTC TFF futures-only report, as of Oct 20, 2026, released Oct 23, 2026).","groups":[{"id":"asset_managers","label":"Asset managers","cftc_category":"Asset Manager/Institutional","long":1101642,"short":200265,"net":901377,"change_wow":-14458,"pct_of_oi":46.6,"percentile_since_start":69.3,"percentile_display":69,"n_weeks":460,"is_record_high":false,"is_record_low":false,"record_high":{"net":1124081,"date":"2020-02-18"},"record_low":{"net":180188,"date":"2022-10-11"},"since_note":"Down 14,458 from last week","near_zero_net":false,"percentile_note":null,"range":"mid_range","change_4w":-33078,"percentile_1w_ago":75,"percentile_4w_ago":79.3,"rank_change_1w":-6,"rank_change_4w":-10,"change_13w":-27782,"rank_change_13w":-9,"plain_label":"Normal range"},{"id":"leveraged_funds","label":"Hedge funds (CFTC: leveraged funds)","cftc_category":"Leveraged Funds","long":135034,"short":506279,"net":-371245,"change_wow":37481,"pct_of_oi":-19.2,"percentile_since_start":21.7,"percentile_display":22,"n_weeks":460,"is_record_high":false,"is_record_low":false,"record_high":{"net":149057,"date":"2018-12-24"},"record_low":{"net":-598669,"date":"2022-08-16"},"since_note":"Up 37,481 from last week","near_zero_net":false,"percentile_note":null,"range":"mid_range","change_4w":4329,"percentile_1w_ago":15,"percentile_4w_ago":20.7,"rank_change_1w":7,"rank_change_4w":1,"change_13w":-48380,"rank_change_13w":-13,"plain_label":"Normal range"}],"caveats":["Positions as of Tuesday, released Friday.","Leveraged-fund positions in stock index futures include hedges and arbitrage legs, so a net short is often only part of a fund's overall exposure."],"source_urls":["https://www.cftc.gov/dea/futures/financial_lf.htm","https://publicreporting.cftc.gov/resource/gpe5-46if.json?cftc_contract_market_code=13874A"],"report_date":"2026-10-20","release_date":"2026-10-23","history_start":"2018-01-02","has_gated_read":false,"read_teaser":null,"page_url":"https://rogueiq.com/bigmoneyiq/#sp500"},{"id":"nasdaq","name":"Nasdaq-100","contract":"NASDAQ MINI - CHICAGO MERCANTILE EXCHANGE","cftc_code":"209742","exchange":"CME","report":"tff","report_type":"Traders in Financial Futures (TFF), futures only","futures_only":true,"light":false,"question":"Are hedge funds long the Nasdaq?","answer":"Yes: hedge funds (CFTC: leveraged funds) are net long 950 contracts, the 94th percentile since 2018 (CFTC TFF futures-only report, as of Oct 20, 2026, released Oct 23, 2026).","groups":[{"id":"asset_managers","label":"Asset managers","cftc_category":"Asset Manager/Institutional","long":109985,"short":32195,"net":77790,"change_wow":2467,"pct_of_oi":28.6,"percentile_since_start":86.3,"percentile_display":86,"n_weeks":460,"is_record_high":false,"is_record_low":false,"record_high":{"net":99783,"date":"2024-02-13"},"record_low":{"net":-30998,"date":"2018-12-11"},"since_note":"Highest since Jul 7, 2026","near_zero_net":false,"percentile_note":null,"range":"mid_range","change_4w":5570,"percentile_1w_ago":82.8,"percentile_4w_ago":80.4,"rank_change_1w":3,"rank_change_4w":6,"change_13w":5165,"rank_change_13w":5,"plain_label":"Normal range"},{"id":"leveraged_funds","label":"Hedge funds (CFTC: leveraged funds)","cftc_category":"Leveraged Funds","long":51749,"short":50799,"net":950,"change_wow":12543,"pct_of_oi":0.3,"percentile_since_start":93.7,"percentile_display":94,"n_weeks":460,"is_record_high":false,"is_record_low":false,"record_high":{"net":22502,"date":"2018-12-24"},"record_low":{"net":-89125,"date":"2026-08-11"},"since_note":"Highest since Nov 25, 2025","near_zero_net":true,"percentile_note":"Net position is under 1% of open interest (close to flat), so this percentile can move a lot on small changes.","range":"top_decile","change_4w":31633,"percentile_1w_ago":76.1,"percentile_4w_ago":40.9,"rank_change_1w":18,"rank_change_4w":53,"change_13w":75640,"rank_change_13w":93,"plain_label":"Close to flat"}],"caveats":["Positions as of Tuesday, released Friday.","Leveraged-fund positions in stock index futures include hedges and arbitrage legs, so a net short is often only part of a fund's overall exposure.","Covers the E-mini Nasdaq-100 contract only; Micro E-mini contracts are excluded."],"source_urls":["https://www.cftc.gov/dea/futures/financial_lf.htm","https://publicreporting.cftc.gov/resource/gpe5-46if.json?cftc_contract_market_code=209742"],"report_date":"2026-10-20","release_date":"2026-10-23","history_start":"2018-01-02","has_gated_read":true,"read_teaser":"As of Oct 20, 2026, hedge funds are net long 950 Nasdaq-100 contracts. That ranks at or above 94% of the 460 weeks since Jan 2, 2018. Highest since Nov 25, 2025.","page_url":"https://rogueiq.com/bigmoneyiq/#nasdaq"},{"id":"ust10y","name":"10-year Treasury note","contract":"UST 10Y NOTE - CHICAGO BOARD OF TRADE","cftc_code":"043602","exchange":"CBOT","report":"tff","report_type":"Traders in Financial Futures (TFF), futures only","futures_only":true,"light":false,"question":"Are hedge funds short Treasuries?","answer":"Yes: hedge funds (CFTC: leveraged funds) are net short 2,107,224 contracts, the 8th percentile since 2018 (CFTC TFF futures-only report, as of Oct 20, 2026, released Oct 23, 2026).","groups":[{"id":"asset_managers","label":"Asset managers","cftc_category":"Asset Manager/Institutional","long":3675600,"short":750184,"net":2925416,"change_wow":26854,"pct_of_oi":49.9,"percentile_since_start":100,"percentile_display":100,"n_weeks":460,"is_record_high":true,"is_record_low":false,"record_high":{"net":2925416,"date":"2026-10-20"},"record_low":{"net":-102909,"date":"2021-10-12"},"since_note":"Highest of all 460 weeks since Jan 2, 2018","near_zero_net":false,"percentile_note":null,"range":"top_decile","change_4w":394032,"percentile_1w_ago":99.8,"percentile_4w_ago":97.2,"rank_change_1w":0,"rank_change_4w":3,"change_13w":388230,"rank_change_13w":3,"plain_label":"Most long since 2018"},{"id":"leveraged_funds","label":"Hedge funds (CFTC: leveraged funds)","cftc_category":"Leveraged Funds","long":567553,"short":2674777,"net":-2107224,"change_wow":98713,"pct_of_oi":-35.9,"percentile_since_start":7.8,"percentile_display":8,"n_weeks":460,"is_record_high":false,"is_record_low":false,"record_high":{"net":607705,"date":"2021-10-12"},"record_low":{"net":-2534616,"date":"2025-08-26"},"since_note":"Up 98,713 from last week","near_zero_net":false,"percentile_note":null,"range":"bottom_decile","change_4w":-180277,"percentile_1w_ago":5.9,"percentile_4w_ago":18,"rank_change_1w":2,"rank_change_4w":-10,"change_13w":-42419,"rank_change_13w":-2,"plain_label":"Unusually short"}],"caveats":["Positions as of Tuesday, released Friday.","Hedge fund shorts in Treasury futures mostly come from the basis trade, a funding trade that pairs short futures with long cash bonds. They are rarely a bet on higher yields.","Covers the 10-year note contract only; the Ultra 10-year (code 043607) is reported separately and excluded."],"source_urls":["https://www.cftc.gov/dea/futures/financial_lf.htm","https://publicreporting.cftc.gov/resource/gpe5-46if.json?cftc_contract_market_code=043602"],"report_date":"2026-10-20","release_date":"2026-10-23","history_start":"2018-01-02","has_gated_read":true,"read_teaser":"As of Oct 20, 2026, asset managers are net long 2,925,416 10-year note contracts, the largest of all 460 weeks since Jan 2, 2018. Hedge funds are net short 2,107,224, a bigger short than in 92% of those weeks.","page_url":"https://rogueiq.com/bigmoneyiq/#ust10y"},{"id":"usd","name":"US dollar (ICE Dollar Index futures)","contract":"USD INDEX - ICE FUTURES U.S.","cftc_code":"098662","exchange":"ICE Futures U.S.","report":"tff","report_type":"Traders in Financial Futures (TFF), futures only","futures_only":true,"light":false,"question":"Are hedge funds long the US dollar?","answer":"Yes: hedge funds (CFTC: leveraged funds) are net long 3,183 contracts, the 66th percentile since 2018 (CFTC TFF futures-only report, as of Oct 20, 2026, released Oct 23, 2026).","groups":[{"id":"asset_managers","label":"Asset managers","cftc_category":"Asset Manager/Institutional","long":19273,"short":2253,"net":17020,"change_wow":-1144,"pct_of_oi":34.5,"percentile_since_start":70,"percentile_display":70,"n_weeks":460,"is_record_high":false,"is_record_low":false,"record_high":{"net":30966,"date":"2022-07-12"},"record_low":{"net":-11063,"date":"2025-07-15"},"since_note":"Down 1,144 from last week","near_zero_net":false,"percentile_note":null,"range":"mid_range","change_4w":248,"percentile_1w_ago":75.9,"percentile_4w_ago":68.5,"rank_change_1w":-6,"rank_change_4w":2,"change_13w":-2831,"rank_change_13w":-13,"plain_label":"Normal range"},{"id":"leveraged_funds","label":"Hedge funds (CFTC: leveraged funds)","cftc_category":"Leveraged Funds","long":18063,"short":14880,"net":3183,"change_wow":1107,"pct_of_oi":6.4,"percentile_since_start":66.1,"percentile_display":66,"n_weeks":460,"is_record_high":false,"is_record_low":false,"record_high":{"net":26733,"date":"2024-09-10"},"record_low":{"net":-24785,"date":"2025-11-25"},"since_note":"Highest since Sep 8, 2026","near_zero_net":false,"percentile_note":null,"range":"mid_range","change_4w":7678,"percentile_1w_ago":61.1,"percentile_4w_ago":32.6,"rank_change_1w":5,"rank_change_4w":33,"change_13w":5121,"rank_change_13w":23,"plain_label":"Normal range"}],"caveats":["Positions as of Tuesday, released Friday.","A small contract next to the currency market as a whole; most dollar positioning happens in currency forwards and other futures."],"source_urls":["https://www.cftc.gov/dea/futures/financial_lf.htm","https://publicreporting.cftc.gov/resource/gpe5-46if.json?cftc_contract_market_code=098662"],"report_date":"2026-10-20","release_date":"2026-10-23","history_start":"2018-01-02","has_gated_read":false,"read_teaser":null,"page_url":"https://rogueiq.com/bigmoneyiq/#usd"},{"id":"wti","name":"WTI crude oil","contract":"WTI-PHYSICAL - NEW YORK MERCANTILE EXCHANGE","cftc_code":"067651","exchange":"NYMEX","report":"disagg","report_type":"Disaggregated, futures only","futures_only":true,"light":false,"question":"Are hedge funds long oil?","answer":"Yes: hedge funds and other speculators (CFTC: managed money) are net long 36,187 contracts, the 5th percentile since 2018 (CFTC Disaggregated futures-only report, as of Oct 20, 2026, released Oct 23, 2026).","groups":[{"id":"managed_money","label":"Hedge funds and other speculators (CFTC: managed money)","cftc_category":"Managed Money","long":163413,"short":127226,"net":36187,"change_wow":-4387,"pct_of_oi":2,"percentile_since_start":4.6,"percentile_display":5,"n_weeks":460,"is_record_high":false,"is_record_low":false,"record_high":{"net":483829,"date":"2018-01-16"},"record_low":{"net":-38154,"date":"2025-10-21"},"since_note":"Lowest since Jan 6, 2026","near_zero_net":false,"percentile_note":null,"range":"bottom_decile","change_4w":-65641,"percentile_1w_ago":5,"percentile_4w_ago":22.4,"rank_change_1w":0,"rank_change_4w":-18,"change_13w":-27792,"rank_change_13w":-3,"plain_label":"Less long than usual"}],"caveats":["Positions as of Tuesday, released Friday.","Covers NYMEX WTI-Physical only; ICE WTI (code 067411) and other crude contracts are excluded. Producers and swap dealers hold much larger positions."],"source_urls":["https://www.cftc.gov/dea/futures/petroleum_lf.htm","https://publicreporting.cftc.gov/resource/72hh-3qpy.json?cftc_contract_market_code=067651"],"report_date":"2026-10-20","release_date":"2026-10-23","history_start":"2018-01-02","has_gated_read":true,"read_teaser":"As of Oct 20, 2026, hedge funds and other speculators are net long 36,187 WTI contracts (163,413 long, 127,226 short). That is smaller than in 95% of weeks since Jan 2, 2018. Lowest since Jan 6, 2026.","page_url":"https://rogueiq.com/bigmoneyiq/#wti"},{"id":"gold","name":"Gold","contract":"GOLD - COMMODITY EXCHANGE INC.","cftc_code":"088691","exchange":"COMEX","report":"disagg","report_type":"Disaggregated, futures only","futures_only":true,"light":false,"question":"Are hedge funds long gold?","answer":"Yes: hedge funds and other speculators (CFTC: managed money) are net long 104,206 contracts, the 53rd percentile since 2018 (CFTC Disaggregated futures-only report, as of Oct 20, 2026, released Oct 23, 2026).","groups":[{"id":"managed_money","label":"Hedge funds and other speculators (CFTC: managed money)","cftc_category":"Managed Money","long":120970,"short":16764,"net":104206,"change_wow":-2883,"pct_of_oi":25.9,"percentile_since_start":52.8,"percentile_display":53,"n_weeks":460,"is_record_high":false,"is_record_low":false,"record_high":{"net":238546,"date":"2020-02-18"},"record_low":{"net":-109454,"date":"2018-10-09"},"since_note":"Down 2,883 from last week","near_zero_net":false,"percentile_note":null,"range":"mid_range","change_4w":-23183,"percentile_1w_ago":54.6,"percentile_4w_ago":66.7,"rank_change_1w":-2,"rank_change_4w":-14,"change_13w":-20625,"rank_change_13w":-12,"plain_label":"Normal range"}],"caveats":["Positions as of Tuesday, released Friday.","Covers COMEX gold futures only; gold ETFs, central banks and the London market sit outside this report."],"source_urls":["https://www.cftc.gov/dea/futures/other_lf.htm","https://publicreporting.cftc.gov/resource/72hh-3qpy.json?cftc_contract_market_code=088691"],"report_date":"2026-10-20","release_date":"2026-10-23","history_start":"2018-01-02","has_gated_read":false,"read_teaser":null,"page_url":"https://rogueiq.com/bigmoneyiq/#gold"},{"id":"btc","name":"Bitcoin (CME futures)","contract":"BITCOIN - CHICAGO MERCANTILE EXCHANGE","cftc_code":"133741","exchange":"CME","report":"tff","report_type":"Traders in Financial Futures (TFF), futures only","futures_only":true,"light":true,"question":"Are hedge funds long Bitcoin?","answer":"No: hedge funds (CFTC: leveraged funds) are net short 4,942 contracts, the 50th percentile since Apr 10, 2018 (CFTC TFF futures-only report, as of Oct 20, 2026, released Oct 23, 2026).","groups":[{"id":"asset_managers","label":"Asset managers","cftc_category":"Asset Manager/Institutional","long":4851,"short":1852,"net":2999,"change_wow":-643,"pct_of_oi":14.3,"percentile_since_start":44.8,"percentile_display":45,"n_weeks":446,"is_record_high":false,"is_record_low":false,"record_high":{"net":19802,"date":"2024-07-23"},"record_low":{"net":-729,"date":"2021-05-18"},"since_note":"Lowest since Sep 15, 2026","near_zero_net":false,"percentile_note":null,"range":"mid_range","change_4w":-172,"percentile_1w_ago":46.2,"percentile_4w_ago":45.3,"rank_change_1w":-1,"rank_change_4w":0,"change_13w":272,"rank_change_13w":1,"plain_label":"Normal range"},{"id":"leveraged_funds","label":"Hedge funds (CFTC: leveraged funds)","cftc_category":"Leveraged Funds","long":5466,"short":10408,"net":-4942,"change_wow":902,"pct_of_oi":-23.5,"percentile_since_start":50.4,"percentile_display":50,"n_weeks":446,"is_record_high":false,"is_record_low":false,"record_high":{"net":494,"date":"2019-01-15"},"record_low":{"net":-23197,"date":"2024-12-17"},"since_note":"Highest since Jun 27, 2023","near_zero_net":false,"percentile_note":null,"range":"mid_range","change_4w":3011,"percentile_1w_ago":39.9,"percentile_4w_ago":30.3,"rank_change_1w":11,"rank_change_4w":20,"change_13w":3007,"rank_change_13w":20,"plain_label":"Normal range"}],"caveats":["Positions as of Tuesday, released Friday.","CME Bitcoin futures are a small slice of the Bitcoin market. Hedge fund shorts here are largely the short leg of cash-futures basis trades (long spot or ETFs, short futures).","Data start Apr 10, 2018, when the CFTC began reporting this contract in the TFF report."],"source_urls":["https://www.cftc.gov/dea/futures/financial_lf.htm","https://publicreporting.cftc.gov/resource/gpe5-46if.json?cftc_contract_market_code=133741"],"report_date":"2026-10-20","release_date":"2026-10-23","history_start":"2018-04-10","has_gated_read":false,"read_teaser":null,"page_url":"https://rogueiq.com/bigmoneyiq/#btc"}]}