# CTAs Cut Nasdaq-100 Futures Exposure by Nearly $3 Billion By Enna Lee Canonical URL: https://www.tokenpost.com/news/investing/42773 Published: 2026-10-28T17:27:11.000Z Updated: 2026-10-28T17:27:11.000Z Section: Investing > The three-session selling run was the largest since March 2025. A CTA positioning Z-score also moved from +2.35 at August’s end to −0.80 a month later. The latest three sessions brought the largest CTA retreat from Nasdaq-100 futures since March 2025, totaling nearly $3 billion. CTAs are trend-following funds that use quantitative models to take futures positions across equities, bonds, commodities and currencies. An earlier [CTA positioning Z-score]() stood at +2.35 at August’s close and −0.80 one month later, a shift of more than three standard deviations. ## Links in this article - [CTA positioning Z-score](https://www.tokenpost.com/news/investing/26563)