Report published May 26, 2026

Goldman Sachs: Equity Positioning and Key Market Levels (May 2026)

Goldman Sachs · May 26, 2026

Systematic and fundamental investors maintain high equity exposures, with GS PB gross leverage at a 5-year high and CTAs long $90bn. Corporate buybacks are providing a support pillar as 99% of the S&P 500 is in the open window.

Read the full report

Read the remaining 4 pages

View Report Sign in

Finvaulta summarizes Goldman Sachs's analysis. Attribute opinions, forecasts, time-sensitive values, and chronology to the issuer and report date; do not treat this page as an independent verification or a current market-data source.

Key Takeaways

1.CTA global equity length is estimated at $90bn, though buying flows have slowed as trend signals teeter near thresholds.
2.Goldman Sachs Prime Brokerage book gross leverage has reached a 5-year high of 320.8%.
3.The corporate buyback window is effectively fully open, with 99% of S&P 500 companies able to execute repurchases.

Summary
CTA Corner
GS Prime Brokerage
Buybacks Desk
GS Corporate Desk Trading Flow
GS Corporate Trading Desk Flow
Historical Cumulative Market Execution Activity
Charts in Focus

Report data

Leverage and Percentiles

Metric	Estimate	Context
CTA Global Equity Length	90 billion USD	Positioning estimate for the CTA cohort.
GS PB Gross Leverage	320.8%	Reached a 5-year high.
S&P 500 Buyback Window Status	99%	Percentage of S&P 500 index corporates in the open window.
Hedge Fund Semiconductor Weight	10%	Long portfolio weight.