10-K Filing

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

Filing Information

Form Type	10-K
Accession Number	`0001193125-24-074729`
Period End Date	20231231
Filing Date	20240322
Fiscal Year	2023
Fiscal Period	FY
XBRL Instance	d117986d10k_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 40 Income Statement 63 Stockholders Equity 27

Balance Sheet 40 line items

Line Item	Tag	Value	Unit	Period
Cash denominated in foreign currencies, proceeds	`CashHeldInFundDenominatedInForeignCurrencyProceeds`	$740.45K	USD	Point-in-time
Cash denominated in foreign currencies, proceeds	`CashHeldInFundDenominatedInForeignCurrencyProceeds`	$1.92M	USD	Point-in-time
Unrestricted cash	`CashSegregatedUnderCommodityExchangeActRegulation`	$43.58M	USD	Point-in-time
Unrestricted cash	`CashSegregatedUnderCommodityExchangeActRegulation`	$50.06M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalents`	$9.29M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalents`	$12.21M	USD	Point-in-time
Foreign cash (cost $740,454 and $1,917,654 at December 31, 2023 and 2022, respectively)	`CashHeldInFundDenominatedInForeignCurrency`	$1.92M	USD	Point-in-time
Foreign cash (cost $740,454 and $1,917,654 at December 31, 2023 and 2022, respectively)	`CashHeldInFundDenominatedInForeignCurrency`	$745.80K	USD	Point-in-time
Net unrealized appreciation on open futures contracts	`DerivativeAssets`	$2.45M	USD	Point-in-time
Net unrealized appreciation on open futures contracts	`DerivativeAssets`	$370.47K	USD	Point-in-time
Total equity in trading account	`EquitySecuritiesFvNiCurrentAndNoncurrent`	$53.98M	USD	Point-in-time
Total equity in trading account	`EquitySecuritiesFvNiCurrentAndNoncurrent`	$66.64M	USD	Point-in-time
Interest receivable	`InterestReceivable`	$174.98K	USD	Point-in-time
Interest receivable	`InterestReceivable`	$206.97K	USD	Point-in-time
Total assets	`Assets`	$54.19M	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`	$337.77K	USD	Point-in-time
Ongoing selling agent fees	`CommissionsPayableToBrokerDealersAndClearingOrganizations`	$33.20K	USD	Point-in-time
Ongoing selling agent fees	`CommissionsPayableToBrokerDealersAndClearingOrganizations`	$41.12K	USD	Point-in-time
Management fees	`ManagementFeesPayable`	$28.09K	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`	-	USD	Point-in-time
General Partner fees	`GeneralPartnerFeesPayable`	$48.58K	USD	Point-in-time
General Partner fees	`GeneralPartnerFeesPayable`	$39.14K	USD	Point-in-time
Professional fees	`AccruedProfessionalFeesCurrentAndNoncurrent`	$137.20K	USD	Point-in-time
Professional fees	`AccruedProfessionalFeesCurrentAndNoncurrent`	$107.00K	USD	Point-in-time
Redemptions payable to General Partner	`RedemptionsPayableToGeneralPartner`	$50.00K	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`	$520.47K	USD	Point-in-time
Total liabilities	`Liabilities`	$1.43M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.15M	USD	Point-in-time
Total partners' capital (net asset value)	`PartnersCapital`	$65.39M	USD	Point-in-time
Total partners' capital (net asset value)	`PartnersCapital`	$53.04M	USD	Point-in-time
Total partners' capital (net asset value)	`PartnersCapital`	$73.69M	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`	$54.19M	USD	Point-in-time

Income Statement 63 line items

Line Item	Tag	Value	Unit	Period
Interest income	`InterestIncomeOperating`	$2.38M	USD	Annual
Interest income	`InterestIncomeOperating`	$922.27K	USD	Annual
Interest income	`InterestIncomeOperating`	$21.74K	USD	Annual
Clearing fees related to direct investments (Note 3c)	`ClearanceFees`	$349.81K	USD	Annual
Clearing fees related to direct investments (Note 3c)	`ClearanceFees`	$259.75K	USD	Annual
Clearing fees related to direct investments (Note 3c)	`ClearanceFees`	$257.93K	USD	Annual
Ongoing selling agent fees (Notes 3d and 3e)	`SalesCommissionsAndFees`	$514.93K	USD	Annual
Ongoing selling agent fees (Notes 3d and 3e)	`SalesCommissionsAndFees`	$529.91K	USD	Annual
Ongoing selling agent fees (Notes 3d and 3e)	`SalesCommissionsAndFees`	$446.73K	USD	Annual
General Partner fees (Note 3a)	`GeneralPartnerFees`	$607.56K	USD	Annual
General Partner fees (Note 3a)	`GeneralPartnerFees`	$526.38K	USD	Annual
General Partner fees (Note 3a)	`GeneralPartnerFees`	$624.83K	USD	Annual
Management fees (Note 3b)	`ManagementFeeExpense`	$569.58K	USD	Annual
Management fees (Note 3b)	`ManagementFeeExpense`	$389.86K	USD	Annual
Management fees (Note 3b)	`ManagementFeeExpense`	$539.37K	USD	Annual
Incentive fees (Note 3b)	`IncentiveFeeExpense`	$2.15M	USD	Annual
Incentive fees (Note 3b)	`IncentiveFeeExpense`	-	USD	Annual
Incentive fees (Note 3b)	`IncentiveFeeExpense`	$2.43M	USD	Annual
Professional fees	`ProfessionalFees`	$308.59K	USD	Annual
Professional fees	`ProfessionalFees`	$314.39K	USD	Annual
Professional fees	`ProfessionalFees`	$237.01K	USD	Annual
Total expenses	`OperatingExpenses`	$285.28K	USD	1 Quarter
Total expenses	`OperatingExpenses`	$4.59M	USD	Annual
Total expenses	`OperatingExpenses`	$729.47K	USD	1 Quarter
Total expenses	`OperatingExpenses`	$4.53M	USD	Annual
Total expenses	`OperatingExpenses`	$128.03K	USD	1 Quarter
Total expenses	`OperatingExpenses`	$526.50K	USD	1 Quarter
Total expenses	`OperatingExpenses`	$553.12K	USD	1 Quarter
Total expenses	`OperatingExpenses`	$1.84M	USD	1 Quarter
Total expenses	`OperatingExpenses`	$916.35K	USD	1 Quarter
Total expenses	`OperatingExpenses`	$1.55M	USD	1 Quarter
Total expenses	`OperatingExpenses`	$1.94M	USD	Annual
Net investment income (loss)	`InvestmentIncomeNet`	$-3.67M	USD	Annual
Net investment income (loss)	`InvestmentIncomeNet`	$439.17K	USD	Annual
Net investment income (loss)	`InvestmentIncomeNet`	$-4.51M	USD	Annual
Net realized gains (losses) on closed contracts	`GainLossOnSaleOfCommodityContracts`	$10.91M	USD	Annual
Net realized gains (losses) on closed contracts	`GainLossOnSaleOfCommodityContracts`	$-4.94M	USD	Annual
Net realized gains (losses) on closed contracts	`GainLossOnSaleOfCommodityContracts`	$13.34M	USD	Annual
Net change in unrealized gains (losses) on open contracts	`UnrealizedGainLossOnCommodityContracts`	$-2.37M	USD	Annual
Net change in unrealized gains (losses) on open contracts	`UnrealizedGainLossOnCommodityContracts`	$1.50M	USD	Annual
Net change in unrealized gains (losses) on open contracts	`UnrealizedGainLossOnCommodityContracts`	$-1.71M	USD	Annual
Total trading results	`TradingGainsLosses`	$2.01M	USD	1 Quarter
Total trading results	`TradingGainsLosses`	$9.07M	USD	1 Quarter
Total trading results	`TradingGainsLosses`	$-7.32M	USD	Annual
Total trading results	`TradingGainsLosses`	$11.63M	USD	Annual
Total trading results	`TradingGainsLosses`	$1.00M	USD	1 Quarter
Total trading results	`TradingGainsLosses`	$4.51M	USD	1 Quarter
Total trading results	`TradingGainsLosses`	$12.41M	USD	Annual
Total trading results	`TradingGainsLosses`	$-4.42M	USD	1 Quarter
Total trading results	`TradingGainsLosses`	$-7.33M	USD	1 Quarter
Total trading results	`TradingGainsLosses`	$-2.17M	USD	1 Quarter
Total trading results	`TradingGainsLosses`	$2.42M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$7.24M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-4.41M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-6.82M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-1.94M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$2.05M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$396.67K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-6.88M	USD	Annual
Net income (loss)	`NetIncomeLoss`	$8.74M	USD	Annual
Net income (loss)	`NetIncomeLoss`	$2.31M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$7.12M	USD	Annual
Net income (loss)	`NetIncomeLoss`	$3.05M	USD	1 Quarter

Stockholders Equity 27 line items

Line Item	Tag	Value	Unit	Period
Partners' Capital, Balance	`PartnersCapital`	$65.39M	USD	Point-in-time
Partners' Capital, Balance	`PartnersCapital`	$53.04M	USD	Point-in-time
Partners' Capital, Balance	`PartnersCapital`	$73.69M	USD	Point-in-time
Partners' Capital, Balance	`PartnersCapital`	$64.24M	USD	Point-in-time
Net Income (Loss)	`NetIncomeLoss`	$7.24M	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$-4.41M	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$-6.82M	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$-1.94M	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$2.05M	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$396.67K	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$-6.88M	USD	Annual
Net Income (Loss)	`NetIncomeLoss`	$8.74M	USD	Annual
Net Income (Loss)	`NetIncomeLoss`	$2.31M	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$7.12M	USD	Annual
Net Income (Loss)	`NetIncomeLoss`	$3.05M	USD	1 Quarter
Partners' Capital, Balance	`PartnersCapital`	$65.39M	USD	Point-in-time
Partners' Capital, Balance	`PartnersCapital`	$53.04M	USD	Point-in-time
Partners' Capital, Balance	`PartnersCapital`	$73.69M	USD	Point-in-time
Partners' Capital, Balance	`PartnersCapital`	$64.24M	USD	Point-in-time
Partners' Capital, Balance - Redeemable Units	`PartnersCapitalAccountUnits`	100,533.88	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`	65,144.39	shares	Point-in-time
Partners' Capital, Balance - Redeemable Units	`PartnersCapitalAccountUnits`	100,533.88	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`	65,144.39	shares	Point-in-time

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