10-Q Filing

CERES TACTICAL SYSTEMATIC L.P. CIK: 1209709 Q3 2023

Filing Information

Form Type	10-Q
Accession Number	`0001193125-23-274325`
Period End Date	20230930
Filing Date	20231109
Fiscal Year	2023
Fiscal Period	Q3
XBRL Instance	d549541d10q_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`	$395.15K	USD	Point-in-time
Cash Overdrafts Denominated In Foreign Currency Proceeds	`CashOverdraftsDenominatedInForeignCurrencyProceeds`	-	USD	Point-in-time
Unrestricted cash	`CashSegregatedUnderCommodityExchangeActRegulation`	$46.90M	USD	Point-in-time
Unrestricted cash	`CashSegregatedUnderCommodityExchangeActRegulation`	$50.06M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalents`	$13.19M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalents`	$12.21M	USD	Point-in-time
Foreign cash (cost $0 and $1,917,654 at September 30, 2023 and December 31, 2022, respectively)	`CashHeldInFundDenominatedInForeignCurrency`	-	USD	Point-in-time
Foreign cash (cost $0 and $1,917,654 at September 30, 2023 and December 31, 2022, respectively)	`CashHeldInFundDenominatedInForeignCurrency`	$1.92M	USD	Point-in-time
Net unrealized appreciation on open futures/forward contracts	`DerivativeAssets`	$2.27M	USD	Point-in-time
Net unrealized appreciation on open futures/forward contracts	`DerivativeAssets`	$2.45M	USD	Point-in-time
Total equity in trading account	`EquitySecuritiesFvNiCurrentAndNoncurrent`	$62.36M	USD	Point-in-time
Total equity in trading account	`EquitySecuritiesFvNiCurrentAndNoncurrent`	$66.64M	USD	Point-in-time
Interest receivable	`InterestReceivable`	$208.22K	USD	Point-in-time
Interest receivable	`InterestReceivable`	$174.98K	USD	Point-in-time
Total assets	`Assets`	$62.57M	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 $395,154 and $0 at September 30, 2023 and December 31, 2022, respectively)	`CashOverdraftsDenominatedInForeignCurrency`	$392.67K	USD	Point-in-time
Foreign cash overdraft (proceeds $395,154 and $0 at September 30, 2023 and December 31, 2022, respectively)	`CashOverdraftsDenominatedInForeignCurrency`	-	USD	Point-in-time
Ongoing selling agent fees	`CommissionsPayableToBrokerDealersAndClearingOrganizations`	$38.34K	USD	Point-in-time
Ongoing selling agent fees	`CommissionsPayableToBrokerDealersAndClearingOrganizations`	$41.12K	USD	Point-in-time
Management fees	`ManagementFeesPayable`	$32.87K	USD	Point-in-time
Management fees	`ManagementFeesPayable`	$43.44K	USD	Point-in-time
Incentive Fees	`IncentiveFeePayable`	$714.30K	USD	Point-in-time
Incentive Fees	`IncentiveFeePayable`	$323.35K	USD	Point-in-time
General Partner fees	`GeneralPartnerFeesPayable`	$45.19K	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`	$171.16K	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`	$307.68K	USD	Point-in-time
Redemptions payable to Limited Partners	`RedemptionsPayableToLimitedPartner`	$389.96K	USD	Point-in-time
Total liabilities	`Liabilities`	$1.43M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.39M	USD	Point-in-time
Total partners' capital (net asset value)	`PartnersCapital`	$68.62M	USD	Point-in-time
Total partners' capital (net asset value)	`PartnersCapital`	$70.68M	USD	Point-in-time
Total partners' capital (net asset value)	`PartnersCapital`	$61.18M	USD	Point-in-time
Total partners' capital (net asset value)	`PartnersCapital`	$65.39M	USD	Point-in-time
Total partners' capital (net asset value)	`PartnersCapital`	$64.24M	USD	Point-in-time
Total partners' capital (net asset value)	`PartnersCapital`	$60.00M	USD	Point-in-time
Total liabilities and partners' capital	`LiabilitiesAndStockholdersEquity`	$62.57M	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`	$619.07K	USD	1 Quarter
Interest income	`InterestIncomeOperating`	$409.37K	USD	3 Qtrs
Interest income	`InterestIncomeOperating`	$1.74M	USD	3 Qtrs
Interest income	`InterestIncomeOperating`	$309.75K	USD	1 Quarter
Clearing fees related to direct investments	`ClearanceFees`	$201.86K	USD	3 Qtrs
Clearing fees related to direct investments	`ClearanceFees`	$61.36K	USD	1 Quarter
Clearing fees related to direct investments	`ClearanceFees`	$195.99K	USD	3 Qtrs
Clearing fees related to direct investments	`ClearanceFees`	$57.31K	USD	1 Quarter
Ongoing selling agent fees	`SalesCommissionsAndFees`	$389.71K	USD	3 Qtrs
Ongoing selling agent fees	`SalesCommissionsAndFees`	$128.03K	USD	1 Quarter
Ongoing selling agent fees	`SalesCommissionsAndFees`	$342.43K	USD	3 Qtrs
Ongoing selling agent fees	`SalesCommissionsAndFees`	$111.72K	USD	1 Quarter
General Partner fees	`GeneralPartnerFees`	$131.63K	USD	1 Quarter
General Partner fees	`GeneralPartnerFees`	$403.42K	USD	3 Qtrs
General Partner fees	`GeneralPartnerFees`	$151.10K	USD	1 Quarter
General Partner fees	`GeneralPartnerFees`	$459.70K	USD	3 Qtrs
Management fees	`ManagementFeeExpense`	$96.76K	USD	1 Quarter
Management fees	`ManagementFeeExpense`	$136.18K	USD	1 Quarter
Management fees	`ManagementFeeExpense`	$302.13K	USD	3 Qtrs
Management fees	`ManagementFeeExpense`	$406.51K	USD	3 Qtrs
Incentive fees	`IncentiveFeeExpense`	$392.35K	USD	1 Quarter
Incentive fees	`IncentiveFeeExpense`	$323.35K	USD	3 Qtrs
Incentive fees	`IncentiveFeeExpense`	$2.66M	USD	3 Qtrs
Incentive fees	`IncentiveFeeExpense`	$255.00K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$51.38K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$241.75K	USD	3 Qtrs
Professional fees	`ProfessionalFees`	$72.99K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$186.10K	USD	3 Qtrs
Total expenses	`OperatingExpenses`	$4.30M	USD	3 Qtrs
Total expenses	`OperatingExpenses`	$729.47K	USD	1 Quarter
Total expenses	`OperatingExpenses`	$1.81M	USD	3 Qtrs
Total expenses	`OperatingExpenses`	$916.35K	USD	1 Quarter
Net investment income (loss)	`InvestmentIncomeNet`	$-110.40K	USD	1 Quarter
Net investment income (loss)	`InvestmentIncomeNet`	$-606.60K	USD	1 Quarter
Net investment income (loss)	`InvestmentIncomeNet`	$-3.90M	USD	3 Qtrs
Net investment income (loss)	`InvestmentIncomeNet`	$-67.05K	USD	3 Qtrs
Net realized gains (losses) on closed contracts	`GainLossOnSaleOfCommodityContracts`	$154.71K	USD	3 Qtrs
Net realized gains (losses) on closed contracts	`GainLossOnSaleOfCommodityContracts`	$1.83M	USD	1 Quarter
Net realized gains (losses) on closed contracts	`GainLossOnSaleOfCommodityContracts`	$2.20M	USD	1 Quarter
Net realized gains (losses) on closed contracts	`GainLossOnSaleOfCommodityContracts`	$15.09M	USD	3 Qtrs
Net change in unrealized gains (losses) on open contracts	`UnrealizedGainLossOnCommodityContracts`	$-512.82K	USD	3 Qtrs
Net change in unrealized gains (losses) on open contracts	`UnrealizedGainLossOnCommodityContracts`	$-143.08K	USD	3 Qtrs
Net change in unrealized gains (losses) on open contracts	`UnrealizedGainLossOnCommodityContracts`	$589.33K	USD	1 Quarter
Net change in unrealized gains (losses) on open contracts	`UnrealizedGainLossOnCommodityContracts`	$-1.20M	USD	1 Quarter
Total trading results	`TradingGainsLosses`	$11.63K	USD	3 Qtrs
Total trading results	`TradingGainsLosses`	$14.58M	USD	3 Qtrs
Total trading results	`TradingGainsLosses`	$2.42M	USD	1 Quarter
Total trading results	`TradingGainsLosses`	$1.00M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-55.41K	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$10.69M	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$2.31M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$396.67K	USD	1 Quarter

Stockholders Equity 28 line items

Line Item	Tag	Value	Unit	Period
Partners' Capital, Balance	`PartnersCapital`	$68.62M	USD	Point-in-time
Partners' Capital, Balance	`PartnersCapital`	$70.68M	USD	Point-in-time
Partners' Capital, Balance	`PartnersCapital`	$61.18M	USD	Point-in-time
Partners' Capital, Balance	`PartnersCapital`	$65.39M	USD	Point-in-time
Partners' Capital, Balance	`PartnersCapital`	$64.24M	USD	Point-in-time
Partners' Capital, Balance	`PartnersCapital`	$60.00M	USD	Point-in-time
Net income (loss)	`NetIncomeLoss`	$-55.41K	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$10.69M	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$2.31M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$396.67K	USD	1 Quarter
Partners' Capital, Balance	`PartnersCapital`	$68.62M	USD	Point-in-time
Partners' Capital, Balance	`PartnersCapital`	$70.68M	USD	Point-in-time
Partners' Capital, Balance	`PartnersCapital`	$61.18M	USD	Point-in-time
Partners' Capital, Balance	`PartnersCapital`	$65.39M	USD	Point-in-time
Partners' Capital, Balance	`PartnersCapital`	$64.24M	USD	Point-in-time
Partners' Capital, Balance	`PartnersCapital`	$60.00M	USD	Point-in-time
Partners' Capital, Balance - Redeemable Units	`PartnersCapitalAccountUnits`	79,880.16	shares	Point-in-time
Partners' Capital, Balance - Redeemable Units	`PartnersCapitalAccountUnits`	68,003.96	shares	Point-in-time
Partners' Capital, Balance - Redeemable Units	`PartnersCapitalAccountUnits`	71,410.26	shares	Point-in-time
Partners' Capital, Balance - Redeemable Units	`PartnersCapitalAccountUnits`	66,705.72	shares	Point-in-time
Partners' Capital, Balance - Redeemable Units	`PartnersCapitalAccountUnits`	72,777.07	shares	Point-in-time
Partners' Capital, Balance - Redeemable Units	`PartnersCapitalAccountUnits`	75,480.33	shares	Point-in-time
Partners' Capital, Balance - Redeemable Units	`PartnersCapitalAccountUnits`	79,880.16	shares	Point-in-time
Partners' Capital, Balance - Redeemable Units	`PartnersCapitalAccountUnits`	68,003.96	shares	Point-in-time
Partners' Capital, Balance - Redeemable Units	`PartnersCapitalAccountUnits`	71,410.26	shares	Point-in-time
Partners' Capital, Balance - Redeemable Units	`PartnersCapitalAccountUnits`	66,705.72	shares	Point-in-time
Partners' Capital, Balance - Redeemable Units	`PartnersCapitalAccountUnits`	72,777.07	shares	Point-in-time
Partners' Capital, Balance - Redeemable Units	`PartnersCapitalAccountUnits`	75,480.33	shares	Point-in-time

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