10-Q Filing

CERES TACTICAL SYSTEMATIC L.P. CIK: 1209709 Q1 2017

Filing Information

Form Type	10-Q
Accession Number	`0001193125-17-166872`
Period End Date	20170331
Filing Date	20170511
Fiscal Year	2017
Fiscal Period	Q1
XBRL Instance	tdff-20170331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 45 Income Statement 49 Stockholders Equity 2

Balance Sheet 45 line items

Line Item	Tag	Value	Unit	Period
General Partner Capital, Redeemable units outstanding	`GeneralPartnersCapitalAccountUnitsOutstanding`	1,690.07	shares	Point-in-time
General Partner Capital, Redeemable units outstanding	`GeneralPartnersCapitalAccountUnitsOutstanding`	1,690.07	shares	Point-in-time
Limited Partners Capital, Redeemable units outstanding	`LimitedPartnersCapitalAccountUnitsOutstanding`	141,062.10	shares	Point-in-time
Limited Partners Capital, Redeemable units outstanding	`LimitedPartnersCapitalAccountUnitsOutstanding`	152,586.75	shares	Point-in-time
Investment in the Funds , at fair value	`InvestmentOwnedAtFairValue`	$126.24M	USD	Point-in-time
Investment in the Funds , at fair value	`InvestmentOwnedAtFairValue`	$111.57M	USD	Point-in-time
Cash at MS&Co.	`CashReserveDepositRequiredAndMade`	$12.33M	USD	Point-in-time
Cash at MS&Co.	`CashReserveDepositRequiredAndMade`	$12.65M	USD	Point-in-time
Cash margin	`MarginDepositAssets`	$4.50M	USD	Point-in-time
Cash margin	`MarginDepositAssets`	$4.21M	USD	Point-in-time
Total equity in trading account	`TradingEquity`	$16.88M	USD	Point-in-time
Total equity in trading account	`TradingEquity`	$17.29M	USD	Point-in-time
Cash at bank	`Cash`	$218.00	USD	Point-in-time
Cash at bank	`Cash`	$1.02K	USD	Point-in-time
Interest receivable	`InterestReceivable`	$4.17K	USD	Point-in-time
Interest receivable	`InterestReceivable`	$6.83K	USD	Point-in-time
Total assets	`Assets`	$143.54M	USD	Point-in-time
Total assets	`Assets`	$128.45M	USD	Point-in-time
Ongoing selling agent fees	`ServicingFeesPayable`	$213.89K	USD	Point-in-time
Ongoing selling agent fees	`ServicingFeesPayable`	$239.12K	USD	Point-in-time
Management fees	`ManagementFeesPayable`	$163.27K	USD	Point-in-time
Management fees	`ManagementFeesPayable`	$149.32K	USD	Point-in-time
General Partner fees	`GeneralPartnerFeesPayable`	$106.53K	USD	Point-in-time
General Partner fees	`GeneralPartnerFeesPayable`	$119.18K	USD	Point-in-time
Professional fees	`AccruedProfessionalFeesCurrentAndNoncurrent`	$280.44K	USD	Point-in-time
Professional fees	`AccruedProfessionalFeesCurrentAndNoncurrent`	$213.32K	USD	Point-in-time
Redemptions payable to General Partner	`RedemptionsPayableToGeneralPartner`	$250.01K	USD	Point-in-time
Redemptions payable to Limited Partners	`RedemptionsPayableToLimitedPartner`	$3.45M	USD	Point-in-time
Redemptions payable to Limited Partners	`RedemptionsPayableToLimitedPartner`	$5.82M	USD	Point-in-time
Total liabilities	`Liabilities`	$4.32M	USD	Point-in-time
Total liabilities	`Liabilities`	$6.87M	USD	Point-in-time
General Partner, 1,690.0654 Redeemable Units outstanding at March 31, 2017 and December 31, 2016	`GeneralPartnersCapitalAccount`	$1.50M	USD	Point-in-time
General Partner, 1,690.0654 Redeemable Units outstanding at March 31, 2017 and December 31, 2016	`GeneralPartnersCapitalAccount`	$1.47M	USD	Point-in-time
Limited Partners, 141,062.1008 and 152,586.7508 Redeemable Units outstanding at March 31, 2017 and December 31, 2016, respectively	`LimitedPartnersCapitalAccount`	$122.67M	USD	Point-in-time
Limited Partners, 141,062.1008 and 152,586.7508 Redeemable Units outstanding at March 31, 2017 and December 31, 2016, respectively	`LimitedPartnersCapitalAccount`	$135.17M	USD	Point-in-time
Total Capital	`PartnersCapital`	$206.87M	USD	Point-in-time
Total Capital	`PartnersCapital`	$124.14M	USD	Point-in-time
Total Capital	`PartnersCapital`	$136.66M	USD	Point-in-time
Total Capital	`PartnersCapital`	$196.55M	USD	Point-in-time
Total liabilities and partners' capital	`LiabilitiesAndStockholdersEquity`	$143.54M	USD	Point-in-time
Total liabilities and partners' capital	`LiabilitiesAndStockholdersEquity`	$128.45M	USD	Point-in-time
Net asset value per Redeemable Unit	`NetAssetValuePerUnit`	$885.84	USD	Point-in-time
Net asset value per Redeemable Unit	`NetAssetValuePerUnit`	$869.59	USD	Point-in-time
Net asset value per Redeemable Unit	`NetAssetValuePerUnit`	$977.76	USD	Point-in-time
Net asset value per Redeemable Unit	`NetAssetValuePerUnit`	$981.45	USD	Point-in-time

Income Statement 49 line items

Line Item	Tag	Value	Unit	Period
Interest income	`InterestIncomeOperating`	$16.93K	USD	1 Quarter
Interest income allocated from the Funds	`InvestmentIncomeInterest`	$96.51K	USD	1 Quarter
Interest income allocated from the Funds	`InvestmentIncomeInterest`	$117.43K	USD	1 Quarter
Total investment income	`InterestAndDividendIncomeOperating`	$96.51K	USD	1 Quarter
Total investment income	`InterestAndDividendIncomeOperating`	$134.36K	USD	1 Quarter
Expenses allocated from the Funds	`OngoingPlacementAgentFees`	$576.40K	USD	1 Quarter
Expenses allocated from the Funds	`OngoingPlacementAgentFees`	$230.18K	USD	1 Quarter
Clearing fees related to direct investments	`FloorBrokerageExchangeAndClearanceFees`	$20.46K	USD	1 Quarter
Ongoing selling agent fees	`SellingExpense`	$1.04M	USD	1 Quarter
Ongoing selling agent fees	`SellingExpense`	$661.28K	USD	1 Quarter
General Partner fees	`GeneralPartnerFees`	$520.46K	USD	1 Quarter
General Partner fees	`GeneralPartnerFees`	$329.44K	USD	1 Quarter
Management fees	`ManagementFeeExpense`	$669.26K	USD	1 Quarter
Management fees	`ManagementFeeExpense`	$462.64K	USD	1 Quarter
Incentive fees	`IncentiveFeeExpenseBenefit`	$188.69K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$132.46K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$150.70K	USD	1 Quarter
Total expenses	`OperatingExpenses`	$3.15M	USD	1 Quarter
Total expenses	`OperatingExpenses`	$1.84M	USD	1 Quarter
Net investment loss	`NetInvestmentIncome`	$-1.70M	USD	1 Quarter
Net investment loss	`NetInvestmentIncome`	$-3.05M	USD	1 Quarter
Net realized gains (losses) on closed contracts	`GainLossOnSaleOfCommodityContracts`	$-59.18K	USD	1 Quarter
Net realized gains (losses) on closed contracts allocated from the Funds	`RealizedInvestmentGainsLosses`	$3.07M	USD	1 Quarter
Net realized gains (losses) on closed contracts allocated from the Funds	`RealizedInvestmentGainsLosses`	$-256.51K	USD	1 Quarter
Net change in unrealized gains (losses) on open contracts	`UnrealizedGainLossOnCommodityContracts`	$-443.77K	USD	1 Quarter
Net change in unrealized gains (losses) on open contracts allocated from the Funds	`UnrealizedGainLossOnInvestments`	$-628.62K	USD	1 Quarter
Net change in unrealized gains (losses) on open contracts allocated from the Funds	`UnrealizedGainLossOnInvestments`	$4.56K	USD	1 Quarter
Total trading results	`TradingGainsLosses`	$-754.90K	USD	1 Quarter
Total trading results	`TradingGainsLosses`	$2.44M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-2.46M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-608.51K	USD	1 Quarter
Net increase (decrease) in Partners' Capital	`PartnersCapitalAccountPeriodIncreaseDecrease`	$-12.53M	USD	1 Quarter
Net increase (decrease) in Partners' Capital	`PartnersCapitalAccountPeriodIncreaseDecrease`	$-10.32M	USD	1 Quarter
Partners' Capital, beginning of period	`PartnersCapital`	$206.87M	USD	Point-in-time
Partners' Capital, beginning of period	`PartnersCapital`	$124.14M	USD	Point-in-time
Partners' Capital, beginning of period	`PartnersCapital`	$136.66M	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`	$124.14M	USD	Point-in-time
Partners' Capital, end of period	`PartnersCapital`	$136.66M	USD	Point-in-time
Partners' Capital, end of period	`PartnersCapital`	$196.55M	USD	Point-in-time
Net asset value per Redeemable Unit (142,752.1662 and 201,015.5532 Redeemable Units outstanding at March 31, 2017 and 2016, respectively)	`NetAssetValuePerUnit`	$885.84	USD	Point-in-time
Net asset value per Redeemable Unit (142,752.1662 and 201,015.5532 Redeemable Units outstanding at March 31, 2017 and 2016, respectively)	`NetAssetValuePerUnit`	$869.59	USD	Point-in-time
Net asset value per Redeemable Unit (142,752.1662 and 201,015.5532 Redeemable Units outstanding at March 31, 2017 and 2016, respectively)	`NetAssetValuePerUnit`	$977.76	USD	Point-in-time
Net asset value per Redeemable Unit (142,752.1662 and 201,015.5532 Redeemable Units outstanding at March 31, 2017 and 2016, respectively)	`NetAssetValuePerUnit`	$981.45	USD	Point-in-time
Net income (loss) per Redeemable Unit	`NetIncomeLossPerOutstandingLimitedPartnershipAndGeneralPartnershipUnitBasicAndDiluted`	$-16.25	USD	1 Quarter
Net income (loss) per Redeemable Unit	`NetIncomeLossPerOutstandingLimitedPartnershipAndGeneralPartnershipUnitBasicAndDiluted`	$-3.69	USD	1 Quarter
Weighted average Redeemable Units outstanding	`WeightedAverageNumberOfLimitedPartnershipAndGeneralPartnershipUnitOutstandingBasicAndDiluted`	207,876.47	shares	1 Quarter
Weighted average Redeemable Units outstanding	`WeightedAverageNumberOfLimitedPartnershipAndGeneralPartnershipUnitOutstandingBasicAndDiluted`	150,412.08	shares	1 Quarter

Stockholders Equity 2 line items

Line Item	Tag	Value	Unit	Period
Net asset value, Redeemable Units outstanding	`PartnersCapitalAccountUnits`	201,015.55	shares	Point-in-time
Net asset value, Redeemable Units outstanding	`PartnersCapitalAccountUnits`	142,752.17	shares	Point-in-time

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