Goldman Sachs & Co. LLC
May 20, 2026
Equity Positioning and Key Levels
Portfolio PositioningEquitiesDerivativesMacro Economic IndicatorsInformation TechnologyFinancials
A comprehensive review of Goldman Sachs' internal positioning data showing heavy equity exposure across CTAs, hedge funds (at record leverage), and corporate buybacks.
Key Takeaways
- 1.CTA positioning is significantly long, with $95bn in global equities and $44bn in US equities.
- 2.GS Prime Brokerage overall book Gross leverage has reached a 5-year high of 318.0%.
- 3.Corporate buyback windows are wide open, with 96% of S&P 500 companies eligible to trade.
Table of Contents
- Summary
- CTA Corner
- GS Prime Brokerage
- Buybacks Desk
- Charts in Focus
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Authors
Robbie StankardCullen Morgan
Securities
SPXMSCI World TRNQ
Themes
Systematic and CTA Flow DynamicsHedge Fund Leverage and AlphaCorporate Share Buyback SeasonalityMarket Breadth and Sentiment Extremes
Regions
GlobalAsia PacificEuropeUnited StatesJapanGermany