diff --git a/crates/ml/src/cuda_pipeline/gpu_iqn_head.rs b/crates/ml/src/cuda_pipeline/gpu_iqn_head.rs
index 026e7e416..5a1514bcd 100644
--- a/crates/ml/src/cuda_pipeline/gpu_iqn_head.rs
+++ b/crates/ml/src/cuda_pipeline/gpu_iqn_head.rs
@@ -596,6 +596,113 @@ impl GpuIqnHead {
     pub fn per_sample_loss(&self) -> &CudaSlice<f32> {
         &self.per_sample_loss
     }
+
+    /// Compute CVaR-based position scaling from IQN quantiles.
+    ///
+    /// Runs the IQN forward-only kernel on `h_s2` (trunk activation),
+    /// then computes CVaR at `alpha` (e.g. 0.05 = 5th percentile) for
+    /// each sample's selected exposure action.
+    ///
+    /// Returns a GPU buffer `[batch_size]` with scaling factors in [0.25, 1.0]:
+    /// - CVaR ≥ 0 (expected profit even in worst case) → scale = 1.0
+    /// - CVaR < 0 (expected loss in worst case) → scale = max(0.25, 1.0 + CVaR * 5.0)
+    ///
+    /// The scale is applied to target_position in the env_step kernel.
+    pub fn compute_cvar_scales(
+        &mut self,
+        h_s2: &CudaSlice<f32>,
+        actions: &CudaSlice<i32>,
+        batch_size: usize,
+        alpha: f32,
+    ) -> Result<CudaSlice<f32>, MLError> {
+        let b = batch_size;
+        let n = self.config.num_quantiles;
+        let tba = self.config.total_branch_actions();
+
+        // 1. Sample τ values for inference
+        let total_taus = (b * n) as i32;
+        let tau_blocks = (b * n + 255) / 256;
+        let tau_config = LaunchConfig {
+            grid_dim: (tau_blocks as u32, 1, 1),
+            block_dim: (256, 1, 1),
+            shared_mem_bytes: 0,
+        };
+        let rng_step = self.rng_step as u32;
+        self.rng_step += 1;
+        unsafe {
+            self.stream
+                .launch_builder(&self.sample_taus_kernel)
+                .arg(&mut self.online_taus)
+                .arg(&total_taus)
+                .arg(&rng_step)
+                .launch(tau_config)
+                .map_err(|e| MLError::ModelError(format!("IQN CVaR sample_taus: {e}")))?;
+        }
+
+        // 2. Run IQN forward-only kernel
+        let fwd_config = LaunchConfig {
+            grid_dim: (b as u32, 1, 1),
+            block_dim: (32, 1, 1),
+            shared_mem_bytes: 0,
+        };
+        let batch_i32 = b as i32;
+        unsafe {
+            self.stream
+                .launch_builder(&self.forward_kernel)
+                .arg(h_s2)
+                .arg(&self.online_taus)
+                .arg(&self.online_params)
+                .arg(&mut self.save_q_online)
+                .arg(&batch_i32)
+                .launch(fwd_config)
+                .map_err(|e| MLError::ModelError(format!("IQN CVaR forward: {e}")))?;
+        }
+
+        // 3. Compute CVaR on CPU (small: B scalars from B*N*TBA quantiles)
+        // Read quantile Q-values and actions to host
+        let q_size = b * n * tba;
+        let q_view = self.save_q_online.slice(..q_size);
+        let mut q_host = vec![0.0_f32; q_size];
+        self.stream.memcpy_dtoh(&q_view, &mut q_host) // gpu-exit: CVaR readback (~4KB for B=32)
+            .map_err(|e| MLError::ModelError(format!("IQN CVaR q readback: {e}")))?;
+
+        let mut act_host = vec![0_i32; b];
+        let act_view = actions.slice(..b);
+        self.stream.memcpy_dtoh(&act_view, &mut act_host) // gpu-exit: action readback
+            .map_err(|e| MLError::ModelError(format!("IQN CVaR action readback: {e}")))?;
+
+        // Compute CVaR per sample
+        let alpha_count = ((alpha * n as f32) as usize).max(1);
+        let mut cvar_scales = vec![1.0_f32; b];
+        for i in 0..b {
+            // Extract quantile values for this sample's exposure action
+            let exposure_idx = (act_host[i] / 9) as usize; // factored: exposure * 9 + order * 3 + urgency
+            let exposure_idx = exposure_idx.min(self.config.branch_0_size - 1);
+
+            let mut quantiles: Vec<f32> = (0..n)
+                .map(|t| q_host[i * n * tba + t * tba + exposure_idx])
+                .collect();
+            quantiles.sort_by(|a, b| a.partial_cmp(b).unwrap_or(std::cmp::Ordering::Equal));
+
+            // CVaR = mean of lowest alpha_count quantiles
+            let cvar: f32 = quantiles[..alpha_count].iter().sum::<f32>() / alpha_count as f32;
+
+            // Scale: [0.25, 1.0]. CVaR ≥ 0 → full size. CVaR < 0 → reduce.
+            cvar_scales[i] = if cvar >= 0.0 {
+                1.0
+            } else {
+                (1.0 + cvar * 5.0).clamp(0.25, 1.0)
+            };
+        }
+
+        // Upload scales to GPU
+        let mut scales_buf = self.stream.alloc_zeros::<f32>(b)
+            .map_err(|e| MLError::ModelError(format!("IQN CVaR alloc scales: {e}")))?;
+        self.stream.memcpy_htod(&cvar_scales, &mut scales_buf)
+            .map_err(|e| MLError::ModelError(format!("IQN CVaR upload scales: {e}")))?;
+
+        Ok(scales_buf)
+    }
 }
 
 // ---------------------------------------------------------------------------