FED FUNDS COT Report, Traders in Financial Futures
Wednesday, October 28, 2026
Leveraged Funds net +376,169 contracts in FED FUNDS, positions as of Tue 20 Oct 2026.
Data as of Positions as of Tue 20 Oct 2026; published Fri 23 Oct 2026
Positions as of Tue 20 Oct 2026 - published Fri 23 Oct 2026 (CFTC, Friday release)
Report family
Traders in Financial Futures
Basis
Futures only
Market
FED FUNDS - CHICAGO BOARD OF TRADE
CFTC contract code
045601
Contract unit
Contracts Of $5,000,000
Open interest, contracts
2,766,665
Change in open interest, contracts
+301,441
Latest report, futures only
Category
Long
Short
Spreading
Net
Long % of OI
Short % of OI
Net % of OI
Dealer/Intermediary
477,320
779,559
604,597
-302,239
17.3
28.2
-10.9
Asset Manager/Institutional
59,487
157,289
176,853
-97,802
2.2
5.7
-3.5
Leveraged Funds
787,093
410,924
589,346
+376,169
28.4
14.9
13.6
Other Reportables
21,139
4,846
4,477
+16,293
0.8
0.2
0.6
Total reportable
2,720,312
2,727,891
-
-7,579
98.3
98.6
-0.3
Nonreportable
46,353
38,774
-
+7,579
1.7
1.4
0.3
Leveraged Funds: position against its own history
Weekly net, last 156 reports
Leveraged Funds net, contracts
+376,169
Week change
+231,272
4-week change
+259,622
13-week change
+690,427
Net as % of open interest
13.6%
Percentile, 1 year (52 weeks)
100
Percentile, 3 years (156 weeks)
100
Z-score, 52 weeks
1.81
COT Index, 3 years
100
52-week high of net
+376,169
52-week low of net
-333,379
Traders and concentration
Category
Traders long
Traders short
Dealer/Intermediary
26
36
Asset Manager/Institutional
7
13
Leveraged Funds
44
36
Other Reportables
11
4
Total reportable
145
154
Largest 4 traders, gross long
30.1%
Largest 4 traders, gross short
26.8%
Largest 8 traders, gross long
46.3%
Largest 8 traders, gross short
42.1%
Largest 4 traders, net long
22.6%
Largest 4 traders, net short
18.7%
Largest 8 traders, net long
33.0%
Largest 8 traders, net short
28.1%
Concentration is the share of open interest held by the largest traders, as published in the report.
Latest report, futures and options combined
Category
Long
Short
Spreading
Net
Long % of OI
Short % of OI
Net % of OI
Dealer/Intermediary
477,320
779,559
604,597
-302,239
17.3
28.2
-10.9
Asset Manager/Institutional
59,487
157,289
176,853
-97,802
2.2
5.7
-3.5
Leveraged Funds
787,093
410,924
589,346
+376,169
28.4
14.9
13.6
Other Reportables
21,139
4,846
4,477
+16,293
0.8
0.2
0.6
Total reportable
2,720,312
2,727,891
-
-7,579
98.3
98.6
-0.3
Nonreportable
46,353
38,774
-
+7,579
1.7
1.4
0.3
The combined basis adds options converted to futures equivalents at exchange delta factors. The two bases are never mixed in one series; the history on this page is futures only.
Recent reports, net by category
Report date
Open interest
Dealer/Intermediary
Asset Manager/Institutional
Leveraged Funds
Other Reportables
Total reportable
Nonreportable
Tue 20 Oct 2026
2,766,665
-302,239
-97,802
+376,169
+16,293
-7,579
+7,579
Tue 13 Oct 2026
2,465,224
-152,930
-22,079
+144,897
+18,987
-11,125
+11,125
Tue 6 Oct 2026
2,343,262
-134,517
-35,632
+144,379
+16,239
-9,531
+9,531
Tue 29 Sep 2026
2,578,047
-90,905
-29,141
+80,253
+26,494
-13,299
+13,299
Tue 22 Sep 2026
2,518,412
-86,515
-72,229
+116,547
+26,893
-15,304
+15,304
Tue 15 Sep 2026
2,401,545
-160,502
-72,914
+173,421
+36,556
-23,439
+23,439
Tue 8 Sep 2026
2,136,373
-21,038
-47,822
+1,543
+54,300
-13,017
+13,017
Tue 1 Sep 2026
2,857,486
+39,179
-94,583
-91,028
+75,910
-70,522
+70,522
Tue 25 Aug 2026
2,764,513
+117,211
-108,335
-106,026
+67,195
-29,955
+29,955
Tue 18 Aug 2026
2,557,960
+72,401
-94,256
-60,085
+55,752
-26,188
+26,188
Spreading is calendar-spread positions. It prints as its own column and is not part of net. Percentile is the share of weeks in the window with a net at or below the current net. The COT Index places the current net within its 3-year range, 0 at the low and 100 at the high. Gauges print only when the window holds enough history. History is the series as currently published by the CFTC, including its corrections; first-release vintages are not kept. An extreme reading is a condition of crowding, not a buy or sell signal: speculative categories are trend followers and are usually largest near price extremes.
Source: CFTC Commitments of Traders, Traders in Financial Futures report, futures only unless stated. Positions as of Tue 20 Oct 2026, published Fri 23 Oct 2026.