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Securities Gross Position Value (SGPV)

Trading Term

Securities Gross Position Value (SGPV) represents the total absolute value of all long and short positions held in a trading account, excluding cash, index futures, and U.S. Treasuries. It provides a measure of the total exposure in a portfolio without netting opposing positions.

SGPV is calculated by summing the absolute values of all positions: long stock value, short stock value, long option value, short option value, and fund value. This approach ensures that both sides of a trade are accounted for in assessing total exposure.

Understanding SGPV helps investors and brokers assess the risk profile of a portfolio. A high SGPV relative to account equity may indicate increased leverage and potential vulnerability to market fluctuations.

IBKR Context: Interactive Brokers calculates and displays SGPV in account summaries, assisting clients in monitoring their total market exposure and managing risk effectively.

The Securities Gross Position Value (GPV) is calculated as the absolute value of: Long Stock Value + Short Stock Value + Long Option Value + Short Option Value + Fund Value.

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