10-Q Filing

CERES TACTICAL SYSTEMATIC L.P. CIK: 1209709 Q1 2024

Filing Information

Form Type	10-Q
Accession Number	`0001193125-24-135133`
Period End Date	20240331
Filing Date	20240509
Fiscal Year	2024
Fiscal Period	Q1
XBRL Instance	d820123d10q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 80 Income Statement 52 Stockholders Equity 36

Balance Sheet 80 line items

Line Item	Tag	Value	Unit	Period
Cash denominated in foreign currencies, proceeds	`CashHeldInFundDenominatedInForeignCurrencyProceeds`	$728.42K	USD	Point-in-time
Cash denominated in foreign currencies, proceeds	`CashHeldInFundDenominatedInForeignCurrencyProceeds`	$728.42K	USD	Point-in-time
Cash denominated in foreign currencies, proceeds	`CashHeldInFundDenominatedInForeignCurrencyProceeds`	$740.45K	USD	Point-in-time
Cash denominated in foreign currencies, proceeds	`CashHeldInFundDenominatedInForeignCurrencyProceeds`	$740.45K	USD	Point-in-time
Unrestricted cash	`CashSegregatedUnderCommodityExchangeActRegulation`	$43.58M	USD	Point-in-time
Unrestricted cash	`CashSegregatedUnderCommodityExchangeActRegulation`	$43.58M	USD	Point-in-time
Unrestricted cash	`CashSegregatedUnderCommodityExchangeActRegulation`	$44.95M	USD	Point-in-time
Unrestricted cash	`CashSegregatedUnderCommodityExchangeActRegulation`	$44.95M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalents`	$9.29M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalents`	$9.29M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalents`	$10.25M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalents`	$10.25M	USD	Point-in-time
Foreign cash (cost $728,419 and $740,454 at March 31, 2024 and December 31, 2023, respectively)	`CashHeldInFundDenominatedInForeignCurrency`	$724.94K	USD	Point-in-time
Foreign cash (cost $728,419 and $740,454 at March 31, 2024 and December 31, 2023, respectively)	`CashHeldInFundDenominatedInForeignCurrency`	$724.94K	USD	Point-in-time
Foreign cash (cost $728,419 and $740,454 at March 31, 2024 and December 31, 2023, respectively)	`CashHeldInFundDenominatedInForeignCurrency`	$745.80K	USD	Point-in-time
Foreign cash (cost $728,419 and $740,454 at March 31, 2024 and December 31, 2023, respectively)	`CashHeldInFundDenominatedInForeignCurrency`	$745.80K	USD	Point-in-time
Net unrealized appreciation on open futures contracts	`DerivativeAssets`	$370.47K	USD	Point-in-time
Net unrealized appreciation on open futures contracts	`DerivativeAssets`	$370.47K	USD	Point-in-time
Net unrealized appreciation on open futures contracts	`DerivativeAssets`	$1.94M	USD	Point-in-time
Net unrealized appreciation on open futures contracts	`DerivativeAssets`	$1.94M	USD	Point-in-time
Total equity in trading account	`EquitySecuritiesFvNiCurrentAndNoncurrent`	$57.86M	USD	Point-in-time
Total equity in trading account	`EquitySecuritiesFvNiCurrentAndNoncurrent`	$57.86M	USD	Point-in-time
Total equity in trading account	`EquitySecuritiesFvNiCurrentAndNoncurrent`	$53.98M	USD	Point-in-time
Total equity in trading account	`EquitySecuritiesFvNiCurrentAndNoncurrent`	$53.98M	USD	Point-in-time
Interest receivable	`InterestReceivable`	$206.97K	USD	Point-in-time
Interest receivable	`InterestReceivable`	$206.97K	USD	Point-in-time
Interest receivable	`InterestReceivable`	$208.01K	USD	Point-in-time
Interest receivable	`InterestReceivable`	$208.01K	USD	Point-in-time
Total assets	`Assets`	$54.19M	USD	Point-in-time
Total assets	`Assets`	$54.19M	USD	Point-in-time
Total assets	`Assets`	$58.07M	USD	Point-in-time
Total assets	`Assets`	$58.07M	USD	Point-in-time
Net unrealized depreciation on open forward contracts	`DerivativeLiabilities`	-	USD	Point-in-time
Net unrealized depreciation on open forward contracts	`DerivativeLiabilities`	-	USD	Point-in-time
Net unrealized depreciation on open forward contracts	`DerivativeLiabilities`	$337.77K	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`	$33.20K	USD	Point-in-time
Ongoing selling agent fees	`CommissionsPayableToBrokerDealersAndClearingOrganizations`	$35.82K	USD	Point-in-time
Ongoing selling agent fees	`CommissionsPayableToBrokerDealersAndClearingOrganizations`	$35.82K	USD	Point-in-time
Management fees	`ManagementFeesPayable`	$30.82K	USD	Point-in-time
Management fees	`ManagementFeesPayable`	$30.82K	USD	Point-in-time
Management fees	`ManagementFeesPayable`	$28.09K	USD	Point-in-time
Management fees	`ManagementFeesPayable`	$28.09K	USD	Point-in-time
Incentive fees	`IncentiveFeePayable`	$253.22K	USD	Point-in-time
Incentive fees	`IncentiveFeePayable`	$253.22K	USD	Point-in-time
Incentive fees	`IncentiveFeePayable`	-	USD	Point-in-time
Incentive fees	`IncentiveFeePayable`	-	USD	Point-in-time
General Partner fees	`GeneralPartnerFeesPayable`	$39.14K	USD	Point-in-time
General Partner fees	`GeneralPartnerFeesPayable`	$39.14K	USD	Point-in-time
General Partner fees	`GeneralPartnerFeesPayable`	$42.20K	USD	Point-in-time
General Partner fees	`GeneralPartnerFeesPayable`	$42.20K	USD	Point-in-time
Professional fees	`AccruedProfessionalFeesCurrentAndNoncurrent`	$137.20K	USD	Point-in-time
Professional fees	`AccruedProfessionalFeesCurrentAndNoncurrent`	$137.20K	USD	Point-in-time
Professional fees	`AccruedProfessionalFeesCurrentAndNoncurrent`	$159.20K	USD	Point-in-time
Professional fees	`AccruedProfessionalFeesCurrentAndNoncurrent`	$159.20K	USD	Point-in-time
Redemptions payable to General Partner	`RedemptionsPayableToGeneralPartner`	$50.00K	USD	Point-in-time
Redemptions payable to General Partner	`RedemptionsPayableToGeneralPartner`	$50.00K	USD	Point-in-time
Redemptions payable to General Partner	`RedemptionsPayableToGeneralPartner`	-	USD	Point-in-time
Redemptions payable to General Partner	`RedemptionsPayableToGeneralPartner`	-	USD	Point-in-time
Redemptions payable to Limited Partners	`RedemptionsPayableToLimitedPartner`	$1.10M	USD	Point-in-time
Redemptions payable to Limited Partners	`RedemptionsPayableToLimitedPartner`	$1.10M	USD	Point-in-time
Redemptions payable to Limited Partners	`RedemptionsPayableToLimitedPartner`	$520.47K	USD	Point-in-time
Redemptions payable to Limited Partners	`RedemptionsPayableToLimitedPartner`	$520.47K	USD	Point-in-time
Total liabilities	`Liabilities`	$1.15M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.15M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.62M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.62M	USD	Point-in-time
Total partners' capital (net asset value)	`PartnersCapital`	$60.02M	USD	Point-in-time
Total partners' capital (net asset value)	`PartnersCapital`	$60.02M	USD	Point-in-time
Total partners' capital (net asset value)	`PartnersCapital`	$56.46M	USD	Point-in-time
Total partners' capital (net asset value)	`PartnersCapital`	$56.46M	USD	Point-in-time
Total partners' capital (net asset value)	`PartnersCapital`	$53.04M	USD	Point-in-time
Total partners' capital (net asset value)	`PartnersCapital`	$53.04M	USD	Point-in-time
Total partners' capital (net asset value)	`PartnersCapital`	$65.39M	USD	Point-in-time
Total partners' capital (net asset value)	`PartnersCapital`	$65.39M	USD	Point-in-time
Total liabilities and partners' capital	`LiabilitiesAndStockholdersEquity`	$58.07M	USD	Point-in-time
Total liabilities and partners' capital	`LiabilitiesAndStockholdersEquity`	$58.07M	USD	Point-in-time
Total liabilities and partners' capital	`LiabilitiesAndStockholdersEquity`	$54.19M	USD	Point-in-time
Total liabilities and partners' capital	`LiabilitiesAndStockholdersEquity`	$54.19M	USD	Point-in-time

Income Statement 52 line items

Line Item	Tag	Value	Unit	Period
Interest income	`InterestIncomeOperating`	$534.10K	USD	1 Quarter
Interest income	`InterestIncomeOperating`	$534.10K	USD	1 Quarter
Interest income	`InterestIncomeOperating`	$602.20K	USD	1 Quarter
Interest income	`InterestIncomeOperating`	$602.20K	USD	1 Quarter
Clearing fees related to direct investments	`ClearanceFees`	$70.88K	USD	1 Quarter
Clearing fees related to direct investments	`ClearanceFees`	$70.88K	USD	1 Quarter
Clearing fees related to direct investments	`ClearanceFees`	$59.80K	USD	1 Quarter
Clearing fees related to direct investments	`ClearanceFees`	$59.80K	USD	1 Quarter
Ongoing selling agent fees	`SalesCommissionsAndFees`	$104.66K	USD	1 Quarter
Ongoing selling agent fees	`SalesCommissionsAndFees`	$104.66K	USD	1 Quarter
Ongoing selling agent fees	`SalesCommissionsAndFees`	$116.81K	USD	1 Quarter
Ongoing selling agent fees	`SalesCommissionsAndFees`	$116.81K	USD	1 Quarter
General Partner fees	`GeneralPartnerFees`	$123.28K	USD	1 Quarter
General Partner fees	`GeneralPartnerFees`	$123.28K	USD	1 Quarter
General Partner fees	`GeneralPartnerFees`	$137.62K	USD	1 Quarter
General Partner fees	`GeneralPartnerFees`	$137.62K	USD	1 Quarter
Management fees	`ManagementFeeExpense`	$106.04K	USD	1 Quarter
Management fees	`ManagementFeeExpense`	$106.04K	USD	1 Quarter
Management fees	`ManagementFeeExpense`	$90.32K	USD	1 Quarter
Management fees	`ManagementFeeExpense`	$90.32K	USD	1 Quarter
Incentive fees	`IncentiveFeeExpense`	$253.22K	USD	1 Quarter
Incentive fees	`IncentiveFeeExpense`	$253.22K	USD	1 Quarter
Incentive fees	`IncentiveFeeExpense`	-	USD	1 Quarter
Incentive fees	`IncentiveFeeExpense`	-	USD	1 Quarter
Professional fees	`ProfessionalFees`	$78.86K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$78.86K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$95.14K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$95.14K	USD	1 Quarter
Total expenses	`OperatingExpenses`	$526.50K	USD	1 Quarter
Total expenses	`OperatingExpenses`	$526.50K	USD	1 Quarter
Total expenses	`OperatingExpenses`	$710.14K	USD	1 Quarter
Total expenses	`OperatingExpenses`	$710.14K	USD	1 Quarter
Net investment income (loss)	`InvestmentIncomeNet`	$7.60K	USD	1 Quarter
Net investment income (loss)	`InvestmentIncomeNet`	$7.60K	USD	1 Quarter
Net investment income (loss)	`InvestmentIncomeNet`	$-107.94K	USD	1 Quarter
Net investment income (loss)	`InvestmentIncomeNet`	$-107.94K	USD	1 Quarter
Net realized gains (losses) on closed contracts	`GainLossOnSaleOfCommodityContracts`	$-1.51M	USD	1 Quarter
Net realized gains (losses) on closed contracts	`GainLossOnSaleOfCommodityContracts`	$-1.51M	USD	1 Quarter
Net realized gains (losses) on closed contracts	`GainLossOnSaleOfCommodityContracts`	$3.81M	USD	1 Quarter
Net realized gains (losses) on closed contracts	`GainLossOnSaleOfCommodityContracts`	$3.81M	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`	$-2.91M	USD	1 Quarter
Net change in unrealized gains (losses) on open contracts	`UnrealizedGainLossOnCommodityContracts`	$1.90M	USD	1 Quarter
Net change in unrealized gains (losses) on open contracts	`UnrealizedGainLossOnCommodityContracts`	$1.90M	USD	1 Quarter
Total trading results	`TradingGainsLosses`	$-4.42M	USD	1 Quarter
Total trading results	`TradingGainsLosses`	$-4.42M	USD	1 Quarter
Total trading results	`TradingGainsLosses`	$5.71M	USD	1 Quarter
Total trading results	`TradingGainsLosses`	$5.71M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$5.60M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$5.60M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-4.41M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-4.41M	USD	1 Quarter

Stockholders Equity 36 line items

Line Item	Tag	Value	Unit	Period
Partners' Capital, Balance	`PartnersCapital`	$60.02M	USD	Point-in-time
Partners' Capital, Balance	`PartnersCapital`	$60.02M	USD	Point-in-time
Partners' Capital, Balance	`PartnersCapital`	$56.46M	USD	Point-in-time
Partners' Capital, Balance	`PartnersCapital`	$56.46M	USD	Point-in-time
Partners' Capital, Balance	`PartnersCapital`	$53.04M	USD	Point-in-time
Partners' Capital, Balance	`PartnersCapital`	$53.04M	USD	Point-in-time
Partners' Capital, Balance	`PartnersCapital`	$65.39M	USD	Point-in-time
Partners' Capital, Balance	`PartnersCapital`	$65.39M	USD	Point-in-time
Net Income (Loss)	`NetIncomeLoss`	$5.60M	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$5.60M	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$-4.41M	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$-4.41M	USD	1 Quarter
Partners' Capital, Balance	`PartnersCapital`	$60.02M	USD	Point-in-time
Partners' Capital, Balance	`PartnersCapital`	$60.02M	USD	Point-in-time
Partners' Capital, Balance	`PartnersCapital`	$56.46M	USD	Point-in-time
Partners' Capital, Balance	`PartnersCapital`	$56.46M	USD	Point-in-time
Partners' Capital, Balance	`PartnersCapital`	$53.04M	USD	Point-in-time
Partners' Capital, Balance	`PartnersCapital`	$53.04M	USD	Point-in-time
Partners' Capital, Balance	`PartnersCapital`	$65.39M	USD	Point-in-time
Partners' Capital, Balance	`PartnersCapital`	$65.39M	USD	Point-in-time
Partners' Capital, Balance - Redeemable Units	`PartnersCapitalAccountUnits`	65,144.39	shares	Point-in-time
Partners' Capital, Balance - Redeemable Units	`PartnersCapitalAccountUnits`	65,144.39	shares	Point-in-time
Partners' Capital, Balance - Redeemable Units	`PartnersCapitalAccountUnits`	62,657.11	shares	Point-in-time
Partners' Capital, Balance - Redeemable Units	`PartnersCapitalAccountUnits`	62,657.11	shares	Point-in-time
Partners' Capital, Balance - Redeemable Units	`PartnersCapitalAccountUnits`	71,410.26	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`	70,312.43	shares	Point-in-time
Partners' Capital, Balance - Redeemable Units	`PartnersCapitalAccountUnits`	65,144.39	shares	Point-in-time
Partners' Capital, Balance - Redeemable Units	`PartnersCapitalAccountUnits`	65,144.39	shares	Point-in-time
Partners' Capital, Balance - Redeemable Units	`PartnersCapitalAccountUnits`	62,657.11	shares	Point-in-time
Partners' Capital, Balance - Redeemable Units	`PartnersCapitalAccountUnits`	62,657.11	shares	Point-in-time
Partners' Capital, Balance - Redeemable Units	`PartnersCapitalAccountUnits`	71,410.26	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`	70,312.43	shares	Point-in-time

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