10-Q Filing

CERES TACTICAL SYSTEMATIC L.P. CIK: 1209709 Q2 2023

Filing Information

Form Type	10-Q
Accession Number	`0001193125-23-208434`
Period End Date	20230630
Filing Date	20230810
Fiscal Year	2023
Fiscal Period	Q2
XBRL Instance	d511653d10q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 46 Income Statement 52 Stockholders Equity 28

Balance Sheet 46 line items

Line Item	Tag	Value	Unit	Period
Cash denominated in foreign currencies, proceeds	`CashHeldInFundDenominatedInForeignCurrencyProceeds`	-	USD	Point-in-time
Cash denominated in foreign currencies, proceeds	`CashHeldInFundDenominatedInForeignCurrencyProceeds`	$1.92M	USD	Point-in-time
Cash Overdrafts Denominated In Foreign Currency Proceeds	`CashOverdraftsDenominatedInForeignCurrencyProceeds`	$630.89K	USD	Point-in-time
Cash Overdrafts Denominated In Foreign Currency Proceeds	`CashOverdraftsDenominatedInForeignCurrencyProceeds`	-	USD	Point-in-time
Unrestricted cash	`CashSegregatedUnderCommodityExchangeActRegulation`	$45.75M	USD	Point-in-time
Unrestricted cash	`CashSegregatedUnderCommodityExchangeActRegulation`	$50.06M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalents`	$14.27M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalents`	$12.21M	USD	Point-in-time
Foreign cash (cost $0 and $1,917,654 at June 30, 2023 and December 31, 2022, respectively)	`CashHeldInFundDenominatedInForeignCurrency`	$1.92M	USD	Point-in-time
Foreign cash (cost $0 and $1,917,654 at June 30, 2023 and December 31, 2022, respectively)	`CashHeldInFundDenominatedInForeignCurrency`	-	USD	Point-in-time
Net unrealized appreciation on open futures/forward contracts	`DerivativeAssets`	$2.45M	USD	Point-in-time
Net unrealized appreciation on open futures/forward contracts	`DerivativeAssets`	$1.68M	USD	Point-in-time
Total equity in trading account	`EquitySecuritiesFvNiCurrentAndNoncurrent`	$66.64M	USD	Point-in-time
Total equity in trading account	`EquitySecuritiesFvNiCurrentAndNoncurrent`	$61.70M	USD	Point-in-time
Interest receivable	`InterestReceivable`	$174.98K	USD	Point-in-time
Interest receivable	`InterestReceivable`	$203.05K	USD	Point-in-time
Total assets	`Assets`	$61.90M	USD	Point-in-time
Total assets	`Assets`	$66.81M	USD	Point-in-time
Net unrealized depreciation on open forward contracts	`DerivativeLiabilities`	$39.32K	USD	Point-in-time
Net unrealized depreciation on open forward contracts	`DerivativeLiabilities`	-	USD	Point-in-time
Foreign cash overdraft (proceeds $630,887 and $0 at June 30, 2023 and December 31, 2022, respectively)	`CashOverdraftsDenominatedInForeignCurrency`	$629.55K	USD	Point-in-time
Foreign cash overdraft (proceeds $630,887 and $0 at June 30, 2023 and December 31, 2022, respectively)	`CashOverdraftsDenominatedInForeignCurrency`	-	USD	Point-in-time
Ongoing selling agent fees	`CommissionsPayableToBrokerDealersAndClearingOrganizations`	$37.79K	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`	$32.48K	USD	Point-in-time
Incentive Fees	`IncentiveFeePayable`	$714.30K	USD	Point-in-time
Incentive Fees	`IncentiveFeePayable`	$68.35K	USD	Point-in-time
General Partner fees	`GeneralPartnerFeesPayable`	$48.58K	USD	Point-in-time
General Partner fees	`GeneralPartnerFeesPayable`	$44.53K	USD	Point-in-time
Professional fees	`AccruedProfessionalFeesCurrentAndNoncurrent`	$160.96K	USD	Point-in-time
Professional fees	`AccruedProfessionalFeesCurrentAndNoncurrent`	$107.00K	USD	Point-in-time
Redemptions payable to General Partner	`RedemptionsPayableToGeneralPartner`	-	USD	Point-in-time
Redemptions payable to General Partner	`RedemptionsPayableToGeneralPartner`	$125.00K	USD	Point-in-time
Redemptions payable to Limited Partners	`RedemptionsPayableToLimitedPartner`	$307.68K	USD	Point-in-time
Redemptions payable to Limited Partners	`RedemptionsPayableToLimitedPartner`	$925.04K	USD	Point-in-time
Total liabilities	`Liabilities`	$1.43M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.90M	USD	Point-in-time
Total partners' capital (net asset value)	`PartnersCapital`	$69.02M	USD	Point-in-time
Total partners' capital (net asset value)	`PartnersCapital`	$70.68M	USD	Point-in-time
Total partners' capital (net asset value)	`PartnersCapital`	$64.24M	USD	Point-in-time
Total partners' capital (net asset value)	`PartnersCapital`	$65.39M	USD	Point-in-time
Total partners' capital (net asset value)	`PartnersCapital`	$60.00M	USD	Point-in-time
Total partners' capital (net asset value)	`PartnersCapital`	$60.02M	USD	Point-in-time
Total liabilities and partners' capital	`LiabilitiesAndStockholdersEquity`	$61.90M	USD	Point-in-time
Total liabilities and partners' capital	`LiabilitiesAndStockholdersEquity`	$66.81M	USD	Point-in-time

Income Statement 52 line items

Line Item	Tag	Value	Unit	Period
Interest income	`InterestIncomeOperating`	$87.66K	USD	1 Quarter
Interest income	`InterestIncomeOperating`	$99.61K	USD	2 Qtrs
Interest income	`InterestIncomeOperating`	$1.12M	USD	2 Qtrs
Interest income	`InterestIncomeOperating`	$588.87K	USD	1 Quarter
Clearing fees related to direct investments	`ClearanceFees`	$74.22K	USD	1 Quarter
Clearing fees related to direct investments	`ClearanceFees`	$134.64K	USD	2 Qtrs
Clearing fees related to direct investments	`ClearanceFees`	$63.75K	USD	1 Quarter
Clearing fees related to direct investments	`ClearanceFees`	$144.55K	USD	2 Qtrs
Ongoing selling agent fees	`SalesCommissionsAndFees`	$261.68K	USD	2 Qtrs
Ongoing selling agent fees	`SalesCommissionsAndFees`	$230.71K	USD	2 Qtrs
Ongoing selling agent fees	`SalesCommissionsAndFees`	$113.91K	USD	1 Quarter
Ongoing selling agent fees	`SalesCommissionsAndFees`	$135.66K	USD	1 Quarter
General Partner fees	`GeneralPartnerFees`	$160.03K	USD	1 Quarter
General Partner fees	`GeneralPartnerFees`	$134.17K	USD	1 Quarter
General Partner fees	`GeneralPartnerFees`	$308.60K	USD	2 Qtrs
General Partner fees	`GeneralPartnerFees`	$271.79K	USD	2 Qtrs
Management fees	`ManagementFeeExpense`	$99.33K	USD	1 Quarter
Management fees	`ManagementFeeExpense`	$143.03K	USD	1 Quarter
Management fees	`ManagementFeeExpense`	$205.37K	USD	2 Qtrs
Management fees	`ManagementFeeExpense`	$270.33K	USD	2 Qtrs
Incentive fees	`IncentiveFeeExpense`	$68.35K	USD	1 Quarter
Incentive fees	`IncentiveFeeExpense`	$974.50K	USD	1 Quarter
Incentive fees	`IncentiveFeeExpense`	$2.27M	USD	2 Qtrs
Incentive fees	`IncentiveFeeExpense`	$68.35K	USD	2 Qtrs
Professional fees	`ProfessionalFees`	$168.77K	USD	2 Qtrs
Professional fees	`ProfessionalFees`	$60.74K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$73.62K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$134.72K	USD	2 Qtrs
Total expenses	`OperatingExpenses`	$553.12K	USD	1 Quarter
Total expenses	`OperatingExpenses`	$1.55M	USD	1 Quarter
Total expenses	`OperatingExpenses`	$1.08M	USD	2 Qtrs
Total expenses	`OperatingExpenses`	$3.39M	USD	2 Qtrs
Net investment loss	`InvestmentIncomeNet`	$-3.29M	USD	2 Qtrs
Net investment loss	`InvestmentIncomeNet`	$43.35K	USD	2 Qtrs
Net investment loss	`InvestmentIncomeNet`	$-1.46M	USD	1 Quarter
Net investment loss	`InvestmentIncomeNet`	$35.75K	USD	1 Quarter
Net realized gains (losses) on closed contracts	`GainLossOnSaleOfCommodityContracts`	$12.89M	USD	2 Qtrs
Net realized gains (losses) on closed contracts	`GainLossOnSaleOfCommodityContracts`	$-167.43K	USD	1 Quarter
Net realized gains (losses) on closed contracts	`GainLossOnSaleOfCommodityContracts`	$-1.67M	USD	2 Qtrs
Net realized gains (losses) on closed contracts	`GainLossOnSaleOfCommodityContracts`	$5.90M	USD	1 Quarter
Net change in unrealized gains (losses) on open contracts	`UnrealizedGainLossOnCommodityContracts`	$684.10K	USD	2 Qtrs
Net change in unrealized gains (losses) on open contracts	`UnrealizedGainLossOnCommodityContracts`	$-1.39M	USD	1 Quarter
Net change in unrealized gains (losses) on open contracts	`UnrealizedGainLossOnCommodityContracts`	$-732.41K	USD	2 Qtrs
Net change in unrealized gains (losses) on open contracts	`UnrealizedGainLossOnCommodityContracts`	$2.18M	USD	1 Quarter
Total trading results	`TradingGainsLosses`	$2.01M	USD	1 Quarter
Total trading results	`TradingGainsLosses`	$13.58M	USD	2 Qtrs
Total trading results	`TradingGainsLosses`	$-2.41M	USD	2 Qtrs
Total trading results	`TradingGainsLosses`	$4.51M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$2.05M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$10.29M	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$3.05M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-2.36M	USD	2 Qtrs

Stockholders Equity 28 line items

Line Item	Tag	Value	Unit	Period
Partners' Capital, Balance	`PartnersCapital`	$69.02M	USD	Point-in-time
Partners' Capital, Balance	`PartnersCapital`	$70.68M	USD	Point-in-time
Partners' Capital, Balance	`PartnersCapital`	$64.24M	USD	Point-in-time
Partners' Capital, Balance	`PartnersCapital`	$65.39M	USD	Point-in-time
Partners' Capital, Balance	`PartnersCapital`	$60.00M	USD	Point-in-time
Partners' Capital, Balance	`PartnersCapital`	$60.02M	USD	Point-in-time
Net income (loss)	`NetIncomeLoss`	$2.05M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$10.29M	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$3.05M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-2.36M	USD	2 Qtrs
Partners' Capital, Balance	`PartnersCapital`	$69.02M	USD	Point-in-time
Partners' Capital, Balance	`PartnersCapital`	$70.68M	USD	Point-in-time
Partners' Capital, Balance	`PartnersCapital`	$64.24M	USD	Point-in-time
Partners' Capital, Balance	`PartnersCapital`	$65.39M	USD	Point-in-time
Partners' Capital, Balance	`PartnersCapital`	$60.00M	USD	Point-in-time
Partners' Capital, Balance	`PartnersCapital`	$60.02M	USD	Point-in-time
Partners' Capital, Balance - Redeemable Units	`PartnersCapitalAccountUnits`	75,480.33	shares	Point-in-time
Partners' Capital, Balance - Redeemable Units	`PartnersCapitalAccountUnits`	71,410.26	shares	Point-in-time
Partners' Capital, Balance - Redeemable Units	`PartnersCapitalAccountUnits`	79,880.16	shares	Point-in-time
Partners' Capital, Balance - Redeemable Units	`PartnersCapitalAccountUnits`	76,966.52	shares	Point-in-time
Partners' Capital, Balance - Redeemable Units	`PartnersCapitalAccountUnits`	70,312.43	shares	Point-in-time
Partners' Capital, Balance - Redeemable Units	`PartnersCapitalAccountUnits`	68,003.96	shares	Point-in-time
Partners' Capital, Balance - Redeemable Units	`PartnersCapitalAccountUnits`	75,480.33	shares	Point-in-time
Partners' Capital, Balance - Redeemable Units	`PartnersCapitalAccountUnits`	71,410.26	shares	Point-in-time
Partners' Capital, Balance - Redeemable Units	`PartnersCapitalAccountUnits`	79,880.16	shares	Point-in-time
Partners' Capital, Balance - Redeemable Units	`PartnersCapitalAccountUnits`	76,966.52	shares	Point-in-time
Partners' Capital, Balance - Redeemable Units	`PartnersCapitalAccountUnits`	70,312.43	shares	Point-in-time
Partners' Capital, Balance - Redeemable Units	`PartnersCapitalAccountUnits`	68,003.96	shares	Point-in-time

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