{"as_of":"2026-11-03","release_date":"2026-11-06","next_release":{"release_date":"2026-11-16","as_of":"2026-11-10","time_et":"3:30 PM ET","tentative":false},"generated_at":"2026-11-12T13:26:40.708Z","data_updated_at":"2026-11-06T20:35:42.720Z","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). We show both side by side, so a week with a big contract move and no rank move reads, for example, \"−5,059 contracts, rank unchanged\".","labels":"Each card gets the first label that fits, checked in this order: 1) Close to flat: the net is under 1% of open interest. 2) Record: the single highest week (Most long since 2018, or Least short since 2018 when net short) or the single lowest (Most short since 2018, or Least long since 2018 when net long). 3) Top 10% of weeks: Unusually long, or Less short than usual when the group is still net short. 4) Bottom 10% of weeks: Unusually short, or Less long than usual when the group is still net long. 5) Anything else: Normal range. The wording follows the side the group is actually on, so a net long near the bottom of its range reads Less long than usual. A Close to flat card still shows its 0–100 rank and rank moves.","next_release":"The next CFTC release comes out at 3:30 PM ET, with positions as of the Tuesday before. It's a Friday unless the CFTC schedule lists a holiday delay. Dates past the published schedule are marked tentative.","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":3}},"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 372,318 contracts, the 22nd percentile since 2018 (CFTC TFF futures-only report, as of Nov 3, 2026, released Nov 6, 2026).","groups":[{"id":"asset_managers","label":"Asset managers","cftc_category":"Asset Manager/Institutional","long":1111721,"short":183137,"net":928584,"change_wow":5135,"pct_of_oi":46.7,"percentile_since_start":77.9,"percentile_display":78,"n_weeks":462,"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":"Highest since Sep 22, 2026","near_zero_net":false,"percentile_note":null,"range":"mid_range","change_4w":21969,"percentile_1w_ago":76.6,"percentile_4w_ago":71.2,"rank_change_1w":1,"rank_change_4w":7,"change_13w":-8449,"rank_change_13w":-2,"plain_label":"Normal range"},{"id":"leveraged_funds","label":"Hedge funds (CFTC: leveraged funds)","cftc_category":"Leveraged Funds","long":125269,"short":497587,"net":-372318,"change_wow":28286,"pct_of_oi":-18.7,"percentile_since_start":21.6,"percentile_display":22,"n_weeks":462,"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 28,286 from last week","near_zero_net":false,"percentile_note":null,"range":"mid_range","change_4w":42769,"percentile_1w_ago":16.7,"percentile_4w_ago":13.6,"rank_change_1w":5,"rank_change_4w":8,"change_13w":-42319,"rank_change_13w":-11,"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":"2026-11-03","release_date":"2026-11-06","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 10,073 contracts, the 98th percentile since 2018 (CFTC TFF futures-only report, as of Nov 3, 2026, released Nov 6, 2026).","groups":[{"id":"asset_managers","label":"Asset managers","cftc_category":"Asset Manager/Institutional","long":109642,"short":36505,"net":73137,"change_wow":7756,"pct_of_oi":25,"percentile_since_start":81.2,"percentile_display":81,"n_weeks":462,"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":"Up 7,756 from last week","near_zero_net":false,"percentile_note":null,"range":"mid_range","change_4w":-661,"percentile_1w_ago":72.9,"percentile_4w_ago":81.8,"rank_change_1w":8,"rank_change_4w":-1,"change_13w":8778,"rank_change_13w":10,"plain_label":"Normal range"},{"id":"leveraged_funds","label":"Hedge funds (CFTC: leveraged funds)","cftc_category":"Leveraged Funds","long":62698,"short":52625,"net":10073,"change_wow":7772,"pct_of_oi":3.4,"percentile_since_start":98.1,"percentile_display":98,"n_weeks":462,"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 18, 2025","near_zero_net":false,"percentile_note":null,"range":"top_decile","change_4w":29285,"percentile_1w_ago":94.6,"percentile_4w_ago":61.9,"rank_change_1w":3,"rank_change_4w":36,"change_13w":88406,"rank_change_13w":98,"plain_label":"Unusually long"}],"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":"2026-11-03","release_date":"2026-11-06","history_start":"2018-01-02","has_gated_read":true,"read_teaser":"As of Nov 3, 2026, hedge funds are net long 10,073 Nasdaq-100 contracts. That ranks at or above 98% of the 462 weeks since Jan 2, 2018. Highest since Nov 18, 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 2,262,310 contracts, the 5th percentile since 2018 (CFTC TFF futures-only report, as of Nov 3, 2026, released Nov 6, 2026).","groups":[{"id":"asset_managers","label":"Asset managers","cftc_category":"Asset Manager/Institutional","long":3730323,"short":700087,"net":3030236,"change_wow":30072,"pct_of_oi":51,"percentile_since_start":100,"percentile_display":100,"n_weeks":462,"is_record_high":true,"is_record_low":false,"record_high":{"net":3030236,"date":"2026-11-03"},"record_low":{"net":-102909,"date":"2021-10-12"},"since_note":"Highest of all 462 weeks since Jan 2, 2018","near_zero_net":false,"percentile_note":null,"range":"top_decile","change_4w":202097,"percentile_1w_ago":99.8,"percentile_4w_ago":99.1,"rank_change_1w":0,"rank_change_4w":1,"change_13w":435557,"rank_change_13w":2,"plain_label":"Most long since 2018"},{"id":"leveraged_funds","label":"Hedge funds (CFTC: leveraged funds)","cftc_category":"Leveraged Funds","long":585873,"short":2848183,"net":-2262310,"change_wow":-35035,"pct_of_oi":-38,"percentile_since_start":5,"percentile_display":5,"n_weeks":462,"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":"Lowest since Jan 13, 2026","near_zero_net":false,"percentile_note":null,"range":"bottom_decile","change_4w":-122525,"percentile_1w_ago":6.1,"percentile_4w_ago":7.8,"rank_change_1w":-1,"rank_change_4w":-3,"change_13w":-30640,"rank_change_13w":-1,"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.","These counts are contracts, and they aren't weighted for risk. A 10-year note contract and an Ultra 10-year contract move by different amounts when yields change, so a record here can partly be money moving between Treasury contracts, such as out of the Ultra 10-year and into this one."],"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":"2026-11-03","release_date":"2026-11-06","history_start":"2018-01-02","has_gated_read":true,"read_teaser":"As of Nov 3, 2026, asset managers are net long 3,030,236 10-year note contracts, the largest of all 462 weeks since Jan 2, 2018. Hedge funds are net short 2,262,310, a bigger short than in 95% 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 3,311 contracts, the 67th percentile since 2018 (CFTC TFF futures-only report, as of Nov 3, 2026, released Nov 6, 2026).","groups":[{"id":"asset_managers","label":"Asset managers","cftc_category":"Asset Manager/Institutional","long":18660,"short":1840,"net":16820,"change_wow":107,"pct_of_oi":34.3,"percentile_since_start":68.8,"percentile_display":69,"n_weeks":462,"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":"Up 107 from last week","near_zero_net":false,"percentile_note":null,"range":"mid_range","change_4w":-2276,"percentile_1w_ago":68.2,"percentile_4w_ago":80.7,"rank_change_1w":1,"rank_change_4w":-12,"change_13w":-1275,"rank_change_13w":-7,"plain_label":"Normal range"},{"id":"leveraged_funds","label":"Hedge funds (CFTC: leveraged funds)","cftc_category":"Leveraged Funds","long":18677,"short":15366,"net":3311,"change_wow":153,"pct_of_oi":6.7,"percentile_since_start":66.9,"percentile_display":67,"n_weeks":462,"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":2447,"percentile_1w_ago":65.8,"percentile_4w_ago":53.5,"rank_change_1w":1,"rank_change_4w":13,"change_13w":-538,"rank_change_13w":-2,"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":"2026-11-03","release_date":"2026-11-06","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 21,728 contracts, the 3rd percentile since 2018 (CFTC Disaggregated futures-only report, as of Nov 3, 2026, released Nov 6, 2026).","groups":[{"id":"managed_money","label":"Hedge funds and other speculators (CFTC: managed money)","cftc_category":"Managed Money","long":147382,"short":125654,"net":21728,"change_wow":-9400,"pct_of_oi":1.1,"percentile_since_start":3.5,"percentile_display":3,"n_weeks":462,"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 Dec 30, 2025","near_zero_net":false,"percentile_note":null,"range":"bottom_decile","change_4w":-31870,"percentile_1w_ago":4.8,"percentile_4w_ago":6.9,"rank_change_1w":-1,"rank_change_4w":-3,"change_13w":-65230,"rank_change_13w":-12,"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":"2026-11-03","release_date":"2026-11-06","history_start":"2018-01-02","has_gated_read":true,"read_teaser":"As of Nov 3, 2026, hedge funds and other speculators are net long 21,728 WTI contracts (147,382 long, 125,654 short). That is smaller than in 96% of weeks since Jan 2, 2018. Lowest since Dec 30, 2025.","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 103,614 contracts, the 52nd percentile since 2018 (CFTC Disaggregated futures-only report, as of Nov 3, 2026, released Nov 6, 2026).","groups":[{"id":"managed_money","label":"Hedge funds and other speculators (CFTC: managed money)","cftc_category":"Managed Money","long":122283,"short":18669,"net":103614,"change_wow":-1948,"pct_of_oi":26,"percentile_since_start":51.9,"percentile_display":52,"n_weeks":462,"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 1,948 from last week","near_zero_net":false,"percentile_note":null,"range":"mid_range","change_4w":-7373,"percentile_1w_ago":53.9,"percentile_4w_ago":58.7,"rank_change_1w":-2,"rank_change_4w":-7,"change_13w":-27152,"rank_change_13w":-17,"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":"2026-11-03","release_date":"2026-11-06","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 2,591 contracts, the 68th percentile since Apr 10, 2018 (CFTC TFF futures-only report, as of Nov 3, 2026, released Nov 6, 2026).","groups":[{"id":"asset_managers","label":"Asset managers","cftc_category":"Asset Manager/Institutional","long":4379,"short":1976,"net":2403,"change_wow":-351,"pct_of_oi":13.7,"percentile_since_start":42.6,"percentile_display":43,"n_weeks":448,"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 Aug 11, 2026","near_zero_net":false,"percentile_note":null,"range":"mid_range","change_4w":-1129,"percentile_1w_ago":44,"percentile_4w_ago":46,"rank_change_1w":-1,"rank_change_4w":-3,"change_13w":-139,"rank_change_13w":0,"plain_label":"Normal range"},{"id":"leveraged_funds","label":"Hedge funds (CFTC: leveraged funds)","cftc_category":"Leveraged Funds","long":5114,"short":7705,"net":-2591,"change_wow":1388,"pct_of_oi":-14.8,"percentile_since_start":67.6,"percentile_display":68,"n_weeks":448,"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 Feb 28, 2023","near_zero_net":false,"percentile_note":null,"range":"mid_range","change_4w":4261,"percentile_1w_ago":57.8,"percentile_4w_ago":34.4,"rank_change_1w":10,"rank_change_4w":33,"change_13w":4649,"rank_change_13w":35,"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":"2026-11-03","release_date":"2026-11-06","history_start":"2018-04-10","has_gated_read":false,"read_teaser":null,"page_url":"https://rogueiq.com/bigmoneyiq/#btc"}]}