Capital Allocation
Point72 methodology — $1.00B AUM · 1659 positions · Net exposure cap ±5%
Live
AUM
$1.00B
Gross
$1.00B
100.0%
Net Exposure
$251
+0.00%
Cash
$-709
-0.0%
Long Book
$500.0M
1161 pos
Short Book
$500.0M
498 pos
L/S Ratio
1.00
Positions
1659
Avg Factor
6.0
175 scored
Avg Sharpe
0.99
Net Exposure Gauge
+0.00% / ±5% cap-50%+50%
Net ShortMarket NeutralNet Long
Position Sizing Framework ($1B AUM)
High Conviction (8-10)
$50.0M
5.0% of AUM per position
40 positions$141.5M total
L: $116.8MS: $24.8M
Medium Conviction (6-7)
$20.0M
2.0% of AUM per position
57 positions$127.0M total
L: $37.9MS: $89.1M
Low Conviction (1-5)
$5.0M
0.5% of AUM per position
1562 positions$731.5M total
L: $345.3MS: $386.1M
Sector Concentration
Consumer
229 posNet: $-17.4M15.8%
Financials
330 posNet: +$10.2M15.7%
Technology
261 posNet: +$1.1M14.5%
Industrials
252 posNet: $-1.1M12.1%
Internet
52 posNet: $-12.6M7.3%
Healthcare
95 posNet: $-3.9M5.9%
Semiconductor
34 posNet: +$23.0M5.6%
Materials
115 posNet: $-1.3M5.3%
Energy
81 posNet: +$9.7M4.8%
Other
22 posNet: +$206K4.1%
Communication Services
76 posNet: $-1.1M3.5%
Real Estate
62 posNet: +$178K2.8%
Utilities
50 posNet: $-7.0M2.6%
Long Short
Risk Metrics
Top 5 Concentration
3.1%
Top 10 Concentration
4.8%
Largest Position
PDD
$8.3M (0.8%)
Max Sector Net
Consumer
Net $-17.4M
Pairs
57
Gap Overlays
1545
Avg Conviction
3.0
Long Book
$500.0M
—
Short Book
$500.0M
=
Net Exposure
$251 (+0.00%)
Gross / AUM
100.0%
Avg Factor Score
6.0/10
Target: L ~$500M / S ~$500M
Net ±5% cap