10-Q Filing

CERES TACTICAL SYSTEMATIC L.P. CIK: 1209709 Q2 2016

Filing Information

Form Type	10-Q
Accession Number	`0001193125-16-679178`
Period End Date	20160630
Filing Date	20160811
Fiscal Year	2016
Fiscal Period	Q2
XBRL Instance	tdff-20160630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 42 Income Statement 87 Stockholders Equity 2

Balance Sheet 42 line items

Line Item	Tag	Value	Unit	Period
General Partner capital, Redeemable units outstanding	`GeneralPartnersCapitalAccountUnitsOutstanding`	2,477.69	shares	Point-in-time
General Partner capital, Redeemable units outstanding	`GeneralPartnersCapitalAccountUnitsOutstanding`	2,477.69	shares	Point-in-time
Investment in the Funds, at fair value	`InvestmentOwnedAtFairValue`	$210.55M	USD	Point-in-time
Limited Partners capital, Redeemable units outstanding	`LimitedPartnersCapitalAccountUnitsOutstanding`	187,074.80	shares	Point-in-time
Limited Partners capital, Redeemable units outstanding	`LimitedPartnersCapitalAccountUnitsOutstanding`	208,301.68	shares	Point-in-time
Investment in the Funds, at fair value	`InvestmentOwnedAtFairValue`	$167.57M	USD	Point-in-time
Redemptions receivable from Fund	`RedemptionsReceivableFromFunds`	$19.22M	USD	Point-in-time
Cash at MS&Co.	`CashReserveDepositRequiredAndMade`	$345.44K	USD	Point-in-time
Cash at MS&Co.	`CashReserveDepositRequiredAndMade`	$425.26K	USD	Point-in-time
Cash at bank	`Cash`	$607.00	USD	Point-in-time
Total assets	`Assets`	$210.97M	USD	Point-in-time
Total assets	`Assets`	$187.13M	USD	Point-in-time
Ongoing selling agent fees	`AccruedBrokerageFees`	$351.62K	USD	Point-in-time
Ongoing selling agent fees	`AccruedBrokerageFees`	$311.89K	USD	Point-in-time
Management fees	`ManagementFeePayable`	$208.09K	USD	Point-in-time
Management fees	`ManagementFeePayable`	$222.94K	USD	Point-in-time
General Partner fees	`GeneralPartnerFeesPayable`	$175.25K	USD	Point-in-time
General Partner fees	`GeneralPartnerFeesPayable`	$155.45K	USD	Point-in-time
Professional fees	`AccruedProfessionalFeesCurrentAndNoncurrent`	$315.73K	USD	Point-in-time
Professional fees	`AccruedProfessionalFeesCurrentAndNoncurrent`	$282.58K	USD	Point-in-time
Redemptions payable to Limited Partners	`RedemptionsPayableToLimitedPartner`	$4.66M	USD	Point-in-time
Redemptions payable to Limited Partners	`RedemptionsPayableToLimitedPartner`	$3.04M	USD	Point-in-time
Total liabilities	`Liabilities`	$5.61M	USD	Point-in-time
Total liabilities	`Liabilities`	$4.10M	USD	Point-in-time
General Partner, 2,477.6854 Redeemable Units outstanding at June 30, 2016 and December 31, 2015	`GeneralPartnersCapitalAccount`	$2.43M	USD	Point-in-time
General Partner, 2,477.6854 Redeemable Units outstanding at June 30, 2016 and December 31, 2015	`GeneralPartnersCapitalAccount`	$2.37M	USD	Point-in-time
Limited Partners, 187,074.8028 and 208,301.6758 Redeemable Units outstanding at June 30, 2016 and December 31, 2015, respectively	`LimitedPartnersCapitalAccount`	$179.15M	USD	Point-in-time
Limited Partners, 187,074.8028 and 208,301.6758 Redeemable Units outstanding at June 30, 2016 and December 31, 2015, respectively	`LimitedPartnersCapitalAccount`	$204.44M	USD	Point-in-time
Total partners' capital (net asset value)	`PartnersCapital`	$206.87M	USD	Point-in-time
Total partners' capital (net asset value)	`PartnersCapital`	$213.27M	USD	Point-in-time
Total partners' capital (net asset value)	`PartnersCapital`	$181.52M	USD	Point-in-time
Total partners' capital (net asset value)	`PartnersCapital`	$252.83M	USD	Point-in-time
Total partners' capital (net asset value)	`PartnersCapital`	$253.10M	USD	Point-in-time
Total partners' capital (net asset value)	`PartnersCapital`	$196.55M	USD	Point-in-time
Total liabilities and partners' capital	`LiabilitiesAndStockholdersEquity`	$187.13M	USD	Point-in-time
Total liabilities and partners' capital	`LiabilitiesAndStockholdersEquity`	$210.97M	USD	Point-in-time
Net asset value per Redeemable Unit	`NetAssetValuePerUnit`	$957.62	USD	Point-in-time
Net asset value per Redeemable Unit	`NetAssetValuePerUnit`	$924.98	USD	Point-in-time
Net asset value per Redeemable Unit	`NetAssetValuePerUnit`	$1.06K	USD	Point-in-time
Net asset value per Redeemable Unit	`NetAssetValuePerUnit`	$977.76	USD	Point-in-time
Net asset value per Redeemable Unit	`NetAssetValuePerUnit`	$1.01K	USD	Point-in-time
Net asset value per Redeemable Unit	`NetAssetValuePerUnit`	$981.45	USD	Point-in-time

Income Statement 87 line items

Line Item	Tag	Value	Unit	Period
Interest income allocated from the Funds	`InvestmentIncomeInterest`	$6.18K	USD	2 Qtrs
Interest income allocated from the Funds	`InvestmentIncomeInterest`	$78.72K	USD	1 Quarter
Interest income allocated from the Funds	`InvestmentIncomeInterest`	$2.70K	USD	1 Quarter
Interest income allocated from the Funds	`InvestmentIncomeInterest`	$175.23K	USD	2 Qtrs
Expenses allocated from the Funds	`AllocatedExpense`	$685.02K	USD	1 Quarter
Expenses allocated from the Funds	`AllocatedExpense`	$1.26M	USD	2 Qtrs
Expenses allocated from the Funds	`AllocatedExpense`	$2.51M	USD	2 Qtrs
Expenses allocated from the Funds	`AllocatedExpense`	$1.11M	USD	1 Quarter
Ongoing selling agent fees	`SellingExpense`	$943.89K	USD	1 Quarter
Ongoing selling agent fees	`SellingExpense`	$1.99M	USD	2 Qtrs
Ongoing selling agent fees	`SellingExpense`	$1.16M	USD	1 Quarter
Ongoing selling agent fees	`SellingExpense`	$2.47M	USD	2 Qtrs
General Partner fees	`GeneralPartnerFees`	$990.89K	USD	2 Qtrs
General Partner fees	`GeneralPartnerFees`	$1.23M	USD	2 Qtrs
General Partner fees	`GeneralPartnerFees`	$576.66K	USD	1 Quarter
General Partner fees	`GeneralPartnerFees`	$470.43K	USD	1 Quarter
Management fees	`ManagementFeeExpense`	$627.93K	USD	1 Quarter
Management fees	`ManagementFeeExpense`	$1.49M	USD	2 Qtrs
Management fees	`ManagementFeeExpense`	$1.30M	USD	2 Qtrs
Management fees	`ManagementFeeExpense`	$692.66K	USD	1 Quarter
Incentive fees	`IncentiveFeeExpense`	$188.69K	USD	2 Qtrs
Incentive fees	`IncentiveFeeExpense`	$1.69M	USD	2 Qtrs
Professional fees	`ProfessionalFees`	$144.33K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$330.47K	USD	2 Qtrs
Professional fees	`ProfessionalFees`	$152.21K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$302.91K	USD	2 Qtrs
Total expenses	`OperatingExpenses`	$2.88M	USD	1 Quarter
Total expenses	`OperatingExpenses`	$9.73M	USD	2 Qtrs
Total expenses	`OperatingExpenses`	$3.68M	USD	1 Quarter
Total expenses	`OperatingExpenses`	$6.03M	USD	2 Qtrs
Net investment income (loss)	`NetInvestmentIncome`	$-9.72M	USD	2 Qtrs
Net investment income (loss)	`NetInvestmentIncome`	$-5.85M	USD	2 Qtrs
Net investment income (loss)	`NetInvestmentIncome`	$-2.80M	USD	1 Quarter
Net investment income (loss)	`NetInvestmentIncome`	$-3.68M	USD	1 Quarter
Net realized gains (losses) on closed contracts allocated from the Funds	`RealizedInvestmentGainsLosses`	$-1.37M	USD	2 Qtrs
Net realized gains (losses) on closed contracts allocated from the Funds	`RealizedInvestmentGainsLosses`	$4.28M	USD	2 Qtrs
Net realized gains (losses) on closed contracts allocated from the Funds	`RealizedInvestmentGainsLosses`	$-19.20M	USD	1 Quarter
Net realized gains (losses) on closed contracts allocated from the Funds	`RealizedInvestmentGainsLosses`	$-4.45M	USD	1 Quarter
Net change in unrealized gains (losses) on open contracts allocated from the Funds	`UnrealizedGainLossOnInvestments`	$3.11M	USD	1 Quarter
Net change in unrealized gains (losses) on open contracts allocated from the Funds	`UnrealizedGainLossOnInvestments`	$2.49M	USD	2 Qtrs
Net change in unrealized gains (losses) on open contracts allocated from the Funds	`UnrealizedGainLossOnInvestments`	$-14.03M	USD	2 Qtrs
Net change in unrealized gains (losses) on open contracts allocated from the Funds	`UnrealizedGainLossOnInvestments`	$-9.25M	USD	1 Quarter
Total trading results	`TradingGainsLosses`	$-28.44M	USD	1 Quarter
Total trading results	`TradingGainsLosses`	$-9.76M	USD	2 Qtrs
Total trading results	`TradingGainsLosses`	$1.11M	USD	2 Qtrs
Total trading results	`TradingGainsLosses`	$-1.33M	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$-32.12M	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$-19.48M	USD	2 Qtrs
Net Income (Loss)	`NetIncomeLoss`	$-4.13M	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$-4.74M	USD	2 Qtrs
Subscriptions - Limited Partners	`PartnersCapitalAccountContributions`	$1.13M	USD	1 Quarter
Subscriptions - Limited Partners	`PartnersCapitalAccountContributions`	$1.21M	USD	2 Qtrs
Redemptions - Limited Partners	`PartnersCapitalAccountRedemptions`	$21.19M	USD	2 Qtrs
Redemptions - Limited Partners	`PartnersCapitalAccountRedemptions`	$8.57M	USD	1 Quarter
Redemptions - Limited Partners	`PartnersCapitalAccountRedemptions`	$20.61M	USD	2 Qtrs
Redemptions - Limited Partners	`PartnersCapitalAccountRedemptions`	$10.89M	USD	1 Quarter
Redemptions - General Partner	`RedemptionsGeneralPartner`	$378.91K	USD	2 Qtrs
Net increase (decrease) in Partners' Capital	`PartnersCapitalAccountPeriodIncreaseDecrease`	$-39.56M	USD	1 Quarter
Net increase (decrease) in Partners' Capital	`PartnersCapitalAccountPeriodIncreaseDecrease`	$-25.35M	USD	2 Qtrs
Net increase (decrease) in Partners' Capital	`PartnersCapitalAccountPeriodIncreaseDecrease`	$-15.03M	USD	1 Quarter
Net increase (decrease) in Partners' Capital	`PartnersCapitalAccountPeriodIncreaseDecrease`	$-39.84M	USD	2 Qtrs
Partners' Capital, beginning of period	`PartnersCapital`	$206.87M	USD	Point-in-time
Partners' Capital, beginning of period	`PartnersCapital`	$213.27M	USD	Point-in-time
Partners' Capital, beginning of period	`PartnersCapital`	$181.52M	USD	Point-in-time
Partners' Capital, beginning of period	`PartnersCapital`	$252.83M	USD	Point-in-time
Partners' Capital, beginning of period	`PartnersCapital`	$253.10M	USD	Point-in-time
Partners' Capital, beginning of period	`PartnersCapital`	$196.55M	USD	Point-in-time
Partners' Capital, end of period	`PartnersCapital`	$206.87M	USD	Point-in-time
Partners' Capital, end of period	`PartnersCapital`	$213.27M	USD	Point-in-time
Partners' Capital, end of period	`PartnersCapital`	$181.52M	USD	Point-in-time
Partners' Capital, end of period	`PartnersCapital`	$252.83M	USD	Point-in-time
Partners' Capital, end of period	`PartnersCapital`	$253.10M	USD	Point-in-time
Partners' Capital, end of period	`PartnersCapital`	$196.55M	USD	Point-in-time
Net asset value per Redeemable Unit (189,552.4882 and 230,562.5282 Redeemable Units outstanding at June 30, 2016 and 2015, respectively)	`NetAssetValuePerUnit`	$957.62	USD	Point-in-time
Net asset value per Redeemable Unit (189,552.4882 and 230,562.5282 Redeemable Units outstanding at June 30, 2016 and 2015, respectively)	`NetAssetValuePerUnit`	$924.98	USD	Point-in-time
Net asset value per Redeemable Unit (189,552.4882 and 230,562.5282 Redeemable Units outstanding at June 30, 2016 and 2015, respectively)	`NetAssetValuePerUnit`	$1.06K	USD	Point-in-time
Net asset value per Redeemable Unit (189,552.4882 and 230,562.5282 Redeemable Units outstanding at June 30, 2016 and 2015, respectively)	`NetAssetValuePerUnit`	$977.76	USD	Point-in-time
Net asset value per Redeemable Unit (189,552.4882 and 230,562.5282 Redeemable Units outstanding at June 30, 2016 and 2015, respectively)	`NetAssetValuePerUnit`	$1.01K	USD	Point-in-time
Net asset value per Redeemable Unit (189,552.4882 and 230,562.5282 Redeemable Units outstanding at June 30, 2016 and 2015, respectively)	`NetAssetValuePerUnit`	$981.45	USD	Point-in-time
Net income (loss) per Redeemable Unit	`NetIncomeLossPerOutstandingLimitedPartnershipAndGeneralPartnershipUnitBasicAndDiluted`	$-20.14	USD	1 Quarter
Net income (loss) per Redeemable Unit	`NetIncomeLossPerOutstandingLimitedPartnershipAndGeneralPartnershipUnitBasicAndDiluted`	$-23.83	USD	2 Qtrs
Net income (loss) per Redeemable Unit	`NetIncomeLossPerOutstandingLimitedPartnershipAndGeneralPartnershipUnitBasicAndDiluted`	$-135.94	USD	1 Quarter
Net income (loss) per Redeemable Unit	`NetIncomeLossPerOutstandingLimitedPartnershipAndGeneralPartnershipUnitBasicAndDiluted`	$-85.11	USD	2 Qtrs
Weighted average Redeemable Units outstanding	`WeightedAverageNumberOfLimitedPartnershipAndGeneralPartnershipUnitOutstandingBasicAndDiluted`	202,821.76	shares	2 Qtrs
Weighted average Redeemable Units outstanding	`WeightedAverageNumberOfLimitedPartnershipAndGeneralPartnershipUnitOutstandingBasicAndDiluted`	236,340.09	shares	1 Quarter
Weighted average Redeemable Units outstanding	`WeightedAverageNumberOfLimitedPartnershipAndGeneralPartnershipUnitOutstandingBasicAndDiluted`	241,555.78	shares	2 Qtrs
Weighted average Redeemable Units outstanding	`WeightedAverageNumberOfLimitedPartnershipAndGeneralPartnershipUnitOutstandingBasicAndDiluted`	197,767.04	shares	1 Quarter

Stockholders Equity 2 line items

Line Item	Tag	Value	Unit	Period
Net asset value, Redeemable Units outstanding	`PartnersCapitalAccountUnits`	189,552.49	shares	Point-in-time
Net asset value, Redeemable Units outstanding	`PartnersCapitalAccountUnits`	230,562.53	shares	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.