10-Q Filing

CERES TACTICAL SYSTEMATIC L.P. CIK: 1209709 Q1 2023

Filing Information

Form Type	10-Q
Accession Number	`0001193125-23-141876`
Period End Date	20230331
Filing Date	20230511
Fiscal Year	2023
Fiscal Period	Q1
XBRL Instance	d119588d10q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 40 Income Statement 26 Stockholders Equity 18

Balance Sheet 40 line items

Line Item	Tag	Value	Unit	Period
Cash denominated in foreign currencies, proceeds	`CashHeldInFundDenominatedInForeignCurrencyProceeds`	$320.29K	USD	Point-in-time
Cash denominated in foreign currencies, proceeds	`CashHeldInFundDenominatedInForeignCurrencyProceeds`	$1.92M	USD	Point-in-time
Unrestricted cash	`CashSegregatedUnderCommodityExchangeActRegulation`	$50.06M	USD	Point-in-time
Unrestricted cash	`CashSegregatedUnderCommodityExchangeActRegulation`	$53.07M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalents`	$12.21M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalents`	$7.54M	USD	Point-in-time
Foreign cash (cost $320,285 and $1,917,654 at March 31, 2023 and December 31, 2022, respectively)	`CashHeldInFundDenominatedInForeignCurrency`	$318.47K	USD	Point-in-time
Foreign cash (cost $320,285 and $1,917,654 at March 31, 2023 and December 31, 2022, respectively)	`CashHeldInFundDenominatedInForeignCurrency`	$1.92M	USD	Point-in-time
Net unrealized appreciation on open futures contracts	`DerivativeAssets`	-	USD	Point-in-time
Net unrealized appreciation on open futures contracts	`DerivativeAssets`	$2.45M	USD	Point-in-time
Total equity in trading account	`EquitySecuritiesFvNiCurrentAndNoncurrent`	$66.64M	USD	Point-in-time
Total equity in trading account	`EquitySecuritiesFvNiCurrentAndNoncurrent`	$60.93M	USD	Point-in-time
Interest receivable	`InterestReceivable`	$190.15K	USD	Point-in-time
Interest receivable	`InterestReceivable`	$174.98K	USD	Point-in-time
Total assets	`Assets`	$61.12M	USD	Point-in-time
Total assets	`Assets`	$66.81M	USD	Point-in-time
Net unrealized depreciation on open contracts	`DerivativeLiabilities`	$39.32K	USD	Point-in-time
Net unrealized depreciation on open contracts	`DerivativeLiabilities`	$497.69K	USD	Point-in-time
Ongoing selling agent fees	`CommissionsPayableToBrokerDealersAndClearingOrganizations`	$37.39K	USD	Point-in-time
Ongoing selling agent fees	`CommissionsPayableToBrokerDealersAndClearingOrganizations`	$41.12K	USD	Point-in-time
Management fees	`ManagementFeesPayable`	$43.44K	USD	Point-in-time
Management fees	`ManagementFeesPayable`	$34.02K	USD	Point-in-time
Incentive fees	`IncentiveFeePayable`	-	USD	Point-in-time
Incentive fees	`IncentiveFeePayable`	$714.30K	USD	Point-in-time
General Partner fees	`GeneralPartnerFeesPayable`	$44.04K	USD	Point-in-time
General Partner fees	`GeneralPartnerFeesPayable`	$48.58K	USD	Point-in-time
Professional fees	`AccruedProfessionalFeesCurrentAndNoncurrent`	$107.00K	USD	Point-in-time
Professional fees	`AccruedProfessionalFeesCurrentAndNoncurrent`	$187.00K	USD	Point-in-time
Redemptions payable to General Partner	`RedemptionsPayableToGeneralPartner`	$125.00K	USD	Point-in-time
Redemptions payable to General Partner	`RedemptionsPayableToGeneralPartner`	-	USD	Point-in-time
Redemptions payable to Limited Partners	`RedemptionsPayableToLimitedPartner`	$304.50K	USD	Point-in-time
Redemptions payable to Limited Partners	`RedemptionsPayableToLimitedPartner`	$307.68K	USD	Point-in-time
Total liabilities	`Liabilities`	$1.10M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.43M	USD	Point-in-time
Total partners' capital (net asset value)	`PartnersCapital`	$65.39M	USD	Point-in-time
Total partners' capital (net asset value)	`PartnersCapital`	$69.02M	USD	Point-in-time
Total partners' capital (net asset value)	`PartnersCapital`	$60.02M	USD	Point-in-time
Total partners' capital (net asset value)	`PartnersCapital`	$64.24M	USD	Point-in-time
Total liabilities and partners' capital	`LiabilitiesAndStockholdersEquity`	$66.81M	USD	Point-in-time
Total liabilities and partners' capital	`LiabilitiesAndStockholdersEquity`	$61.12M	USD	Point-in-time

Income Statement 26 line items

Line Item	Tag	Value	Unit	Period
Interest income	`InterestIncomeOperating`	$11.96K	USD	1 Quarter
Interest income	`InterestIncomeOperating`	$534.10K	USD	1 Quarter
Clearing fees related to direct investments	`ClearanceFees`	$70.88K	USD	1 Quarter
Clearing fees related to direct investments	`ClearanceFees`	$70.33K	USD	1 Quarter
Ongoing selling agent fees	`SalesCommissionsAndFees`	$126.02K	USD	1 Quarter
Ongoing selling agent fees	`SalesCommissionsAndFees`	$116.81K	USD	1 Quarter
General Partner fees	`GeneralPartnerFees`	$137.62K	USD	1 Quarter
General Partner fees	`GeneralPartnerFees`	$148.57K	USD	1 Quarter
Management fees	`ManagementFeeExpense`	$127.30K	USD	1 Quarter
Management fees	`ManagementFeeExpense`	$106.04K	USD	1 Quarter
Incentive fees	`IncentiveFeeExpense`	-	USD	1 Quarter
Incentive fees	`IncentiveFeeExpense`	$1.29M	USD	1 Quarter
Professional fees	`ProfessionalFees`	$73.98K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$95.14K	USD	1 Quarter
Total expenses	`OperatingExpenses`	$526.50K	USD	1 Quarter
Total expenses	`OperatingExpenses`	$1.84M	USD	1 Quarter
Net investment loss	`InvestmentIncomeNet`	$-1.83M	USD	1 Quarter
Net investment loss	`InvestmentIncomeNet`	$7.60K	USD	1 Quarter
Net realized gains (losses) on closed contracts	`GainLossOnSaleOfCommodityContracts`	$6.99M	USD	1 Quarter
Net realized gains (losses) on closed contracts	`GainLossOnSaleOfCommodityContracts`	$-1.51M	USD	1 Quarter
Net change in unrealized gains (losses) on open contracts	`UnrealizedGainLossOnCommodityContracts`	$-2.91M	USD	1 Quarter
Net change in unrealized gains (losses) on open contracts	`UnrealizedGainLossOnCommodityContracts`	$2.07M	USD	1 Quarter
Total trading results	`TradingGainsLosses`	$9.07M	USD	1 Quarter
Total trading results	`TradingGainsLosses`	$-4.42M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-4.41M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$7.24M	USD	1 Quarter

Stockholders Equity 18 line items

Line Item	Tag	Value	Unit	Period
Partners' Capital, Balance	`PartnersCapital`	$65.39M	USD	Point-in-time
Partners' Capital, Balance	`PartnersCapital`	$69.02M	USD	Point-in-time
Partners' Capital, Balance	`PartnersCapital`	$60.02M	USD	Point-in-time
Partners' Capital, Balance	`PartnersCapital`	$64.24M	USD	Point-in-time
Net income (loss)	`NetIncomeLoss`	$-4.41M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$7.24M	USD	1 Quarter
Partners' Capital, Balance	`PartnersCapital`	$65.39M	USD	Point-in-time
Partners' Capital, Balance	`PartnersCapital`	$69.02M	USD	Point-in-time
Partners' Capital, Balance	`PartnersCapital`	$60.02M	USD	Point-in-time
Partners' Capital, Balance	`PartnersCapital`	$64.24M	USD	Point-in-time
Partners' Capital, Balance - Redeemable Units	`PartnersCapitalAccountUnits`	79,880.16	shares	Point-in-time
Partners' Capital, Balance - Redeemable Units	`PartnersCapitalAccountUnits`	71,410.26	shares	Point-in-time
Partners' Capital, Balance - Redeemable Units	`PartnersCapitalAccountUnits`	70,312.43	shares	Point-in-time
Partners' Capital, Balance - Redeemable Units	`PartnersCapitalAccountUnits`	76,966.52	shares	Point-in-time
Partners' Capital, Balance - Redeemable Units	`PartnersCapitalAccountUnits`	79,880.16	shares	Point-in-time
Partners' Capital, Balance - Redeemable Units	`PartnersCapitalAccountUnits`	71,410.26	shares	Point-in-time
Partners' Capital, Balance - Redeemable Units	`PartnersCapitalAccountUnits`	70,312.43	shares	Point-in-time
Partners' Capital, Balance - Redeemable Units	`PartnersCapitalAccountUnits`	76,966.52	shares	Point-in-time

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