Nasdaq futures long positioning hit record $55B as institutional investors pile into tech ahead of Big Tech earnings.
Macro & Markets ·
Nasdaq futures long positioning reached $55 billion on October 20th, marking a record high as hedge funds, CTAs, and other institutional investors accumulated bullish bets ahead of Big Tech earnings. Net long positioning in Nasdaq futures has climbed $60 billion since August, with $19 billion of that gain occurring in October alone. The positioning shift stands in sharp contrast to May 2025 and August 2026, when investors held net short positions of $5 billion.