10-Q Filing

CERES TACTICAL SYSTEMATIC L.P. CIK: 1209709 Q1 2025

Filing Information

Form Type	10-Q
Accession Number	`0001193125-25-116611`
Period End Date	20250331
Filing Date	20250509
Fiscal Year	2025
Fiscal Period	Q1
XBRL Instance	d934076d10q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 76 Income Statement 52 Stockholders Equity 36

Balance Sheet 76 line items

Line Item	Tag	Value	Unit	Period
Cash denominated in foreign currencies, proceeds	`CashHeldInFundDenominatedInForeignCurrencyProceeds`	$612.48K	USD	Point-in-time
Cash denominated in foreign currencies, proceeds	`CashHeldInFundDenominatedInForeignCurrencyProceeds`	$612.48K	USD	Point-in-time
Cash denominated in foreign currencies, proceeds	`CashHeldInFundDenominatedInForeignCurrencyProceeds`	$590.12K	USD	Point-in-time
Cash denominated in foreign currencies, proceeds	`CashHeldInFundDenominatedInForeignCurrencyProceeds`	$590.12K	USD	Point-in-time
Unrestricted cash	`CashSegregatedUnderCommodityExchangeActRegulation`	$39.54M	USD	Point-in-time
Unrestricted cash	`CashSegregatedUnderCommodityExchangeActRegulation`	$39.54M	USD	Point-in-time
Unrestricted cash	`CashSegregatedUnderCommodityExchangeActRegulation`	$38.21M	USD	Point-in-time
Unrestricted cash	`CashSegregatedUnderCommodityExchangeActRegulation`	$38.21M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalents`	$7.99M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalents`	$7.99M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalents`	$7.47M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalents`	$7.47M	USD	Point-in-time
Foreign cash (cost $273,142 and $740,454 at September 30, 2024 and December 31, 2023, respectively)	`CashHeldInFundDenominatedInForeignCurrency`	$602.11K	USD	Point-in-time
Foreign cash (cost $273,142 and $740,454 at September 30, 2024 and December 31, 2023, respectively)	`CashHeldInFundDenominatedInForeignCurrency`	$602.11K	USD	Point-in-time
Foreign cash (cost $273,142 and $740,454 at September 30, 2024 and December 31, 2023, respectively)	`CashHeldInFundDenominatedInForeignCurrency`	$591.10K	USD	Point-in-time
Foreign cash (cost $273,142 and $740,454 at September 30, 2024 and December 31, 2023, respectively)	`CashHeldInFundDenominatedInForeignCurrency`	$591.10K	USD	Point-in-time
Net unrealized appreciation on open futures contracts	`DerivativeAssets`	$13.80K	USD	Point-in-time
Net unrealized appreciation on open futures contracts	`DerivativeAssets`	$13.80K	USD	Point-in-time
Net unrealized appreciation on open futures contracts	`DerivativeAssets`	$405.74K	USD	Point-in-time
Net unrealized appreciation on open futures contracts	`DerivativeAssets`	$405.74K	USD	Point-in-time
Total equity in trading account	`EquitySecuritiesFvNiCurrentAndNoncurrent`	$46.29M	USD	Point-in-time
Total equity in trading account	`EquitySecuritiesFvNiCurrentAndNoncurrent`	$46.29M	USD	Point-in-time
Total equity in trading account	`EquitySecuritiesFvNiCurrentAndNoncurrent`	$48.53M	USD	Point-in-time
Total equity in trading account	`EquitySecuritiesFvNiCurrentAndNoncurrent`	$48.53M	USD	Point-in-time
Interest receivable	`InterestReceivable`	$142.71K	USD	Point-in-time
Interest receivable	`InterestReceivable`	$142.71K	USD	Point-in-time
Interest receivable	`InterestReceivable`	$153.49K	USD	Point-in-time
Interest receivable	`InterestReceivable`	$153.49K	USD	Point-in-time
Total assets	`Assets`	$48.69M	USD	Point-in-time
Total assets	`Assets`	$48.69M	USD	Point-in-time
Total assets	`Assets`	$46.43M	USD	Point-in-time
Total assets	`Assets`	$46.43M	USD	Point-in-time
Net unrealized depreciation on open forward contracts	`DerivativeLiabilities`	$3.60K	USD	Point-in-time
Net unrealized depreciation on open forward contracts	`DerivativeLiabilities`	$3.60K	USD	Point-in-time
Net unrealized depreciation on open forward contracts	`DerivativeLiabilities`	$170.10K	USD	Point-in-time
Net unrealized depreciation on open forward contracts	`DerivativeLiabilities`	$170.10K	USD	Point-in-time
Ongoing selling agent fees	`CommissionsPayableToBrokerDealersAndClearingOrganizations`	$30.01K	USD	Point-in-time
Ongoing selling agent fees	`CommissionsPayableToBrokerDealersAndClearingOrganizations`	$30.01K	USD	Point-in-time
Ongoing selling agent fees	`CommissionsPayableToBrokerDealersAndClearingOrganizations`	$28.53K	USD	Point-in-time
Ongoing selling agent fees	`CommissionsPayableToBrokerDealersAndClearingOrganizations`	$28.53K	USD	Point-in-time
Management fees	`ManagementFeesPayable`	$25.59K	USD	Point-in-time
Management fees	`ManagementFeesPayable`	$25.59K	USD	Point-in-time
Management fees	`ManagementFeesPayable`	$23.97K	USD	Point-in-time
Management fees	`ManagementFeesPayable`	$23.97K	USD	Point-in-time
General Partner fees	`GeneralPartnerFeesPayable`	$35.37K	USD	Point-in-time
General Partner fees	`GeneralPartnerFeesPayable`	$35.37K	USD	Point-in-time
General Partner fees	`GeneralPartnerFeesPayable`	$33.59K	USD	Point-in-time
General Partner fees	`GeneralPartnerFeesPayable`	$33.59K	USD	Point-in-time
Professional fees	`AccruedProfessionalFeesCurrentAndNoncurrent`	$142.00K	USD	Point-in-time
Professional fees	`AccruedProfessionalFeesCurrentAndNoncurrent`	$142.00K	USD	Point-in-time
Professional fees	`AccruedProfessionalFeesCurrentAndNoncurrent`	$163.32K	USD	Point-in-time
Professional fees	`AccruedProfessionalFeesCurrentAndNoncurrent`	$163.32K	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 General Partner	`RedemptionsPayableToGeneralPartner`	$50.00K	USD	Point-in-time
Redemptions payable to General Partner	`RedemptionsPayableToGeneralPartner`	$50.00K	USD	Point-in-time
Redemptions payable to Limited Partners	`RedemptionsPayableToLimitedPartner`	$351.32K	USD	Point-in-time
Redemptions payable to Limited Partners	`RedemptionsPayableToLimitedPartner`	$351.32K	USD	Point-in-time
Redemptions payable to Limited Partners	`RedemptionsPayableToLimitedPartner`	$442.37K	USD	Point-in-time
Redemptions payable to Limited Partners	`RedemptionsPayableToLimitedPartner`	$442.37K	USD	Point-in-time
Total liabilities	`Liabilities`	$861.89K	USD	Point-in-time
Total liabilities	`Liabilities`	$861.89K	USD	Point-in-time
Total liabilities	`Liabilities`	$637.89K	USD	Point-in-time
Total liabilities	`Liabilities`	$637.89K	USD	Point-in-time
Total partners' capital (net asset value)	`PartnersCapital`	$48.05M	USD	Point-in-time
Total partners' capital (net asset value)	`PartnersCapital`	$48.05M	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`	$45.57M	USD	Point-in-time
Total partners' capital (net asset value)	`PartnersCapital`	$45.57M	USD	Point-in-time
Total liabilities and partners' capital	`LiabilitiesAndStockholdersEquity`	$46.43M	USD	Point-in-time
Total liabilities and partners' capital	`LiabilitiesAndStockholdersEquity`	$46.43M	USD	Point-in-time
Total liabilities and partners' capital	`LiabilitiesAndStockholdersEquity`	$48.69M	USD	Point-in-time
Total liabilities and partners' capital	`LiabilitiesAndStockholdersEquity`	$48.69M	USD	Point-in-time

Income Statement 52 line items

Line Item	Tag	Value	Unit	Period
Interest income	`InterestIncomeOperating`	$602.20K	USD	1 Quarter
Interest income	`InterestIncomeOperating`	$602.20K	USD	1 Quarter
Interest income	`InterestIncomeOperating`	$422.04K	USD	1 Quarter
Interest income	`InterestIncomeOperating`	$422.04K	USD	1 Quarter
Clearing fees related to direct investments	`ClearanceFees`	$40.15K	USD	1 Quarter
Clearing fees related to direct investments	`ClearanceFees`	$40.15K	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`	$87.18K	USD	1 Quarter
Ongoing selling agent fees	`SalesCommissionsAndFees`	$87.18K	USD	1 Quarter
Ongoing selling agent fees	`SalesCommissionsAndFees`	$104.66K	USD	1 Quarter
Ongoing selling agent fees	`SalesCommissionsAndFees`	$104.66K	USD	1 Quarter
General Partner fees	`GeneralPartnerFees`	$102.63K	USD	1 Quarter
General Partner fees	`GeneralPartnerFees`	$102.63K	USD	1 Quarter
General Partner fees	`GeneralPartnerFees`	$123.28K	USD	1 Quarter
General Partner fees	`GeneralPartnerFees`	$123.28K	USD	1 Quarter
Management fees	`ManagementFeeExpense`	$90.32K	USD	1 Quarter
Management fees	`ManagementFeeExpense`	$90.32K	USD	1 Quarter
Management fees	`ManagementFeeExpense`	$73.77K	USD	1 Quarter
Management fees	`ManagementFeeExpense`	$73.77K	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`	$73.38K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$73.38K	USD	1 Quarter
Total expenses	`OperatingExpenses`	$377.11K	USD	1 Quarter
Total expenses	`OperatingExpenses`	$377.11K	USD	1 Quarter
Total expenses	`OperatingExpenses`	$710.14K	USD	1 Quarter
Total expenses	`OperatingExpenses`	$710.14K	USD	1 Quarter
Net investment income (loss)	`InvestmentIncomeNet`	$44.93K	USD	1 Quarter
Net investment income (loss)	`InvestmentIncomeNet`	$44.93K	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`	$3.81M	USD	1 Quarter
Net realized gains (losses) on closed contracts	`GainLossOnSaleOfCommodityContracts`	$3.81M	USD	1 Quarter
Net realized gains (losses) on closed contracts	`GainLossOnSaleOfCommodityContracts`	$-483.57K	USD	1 Quarter
Net realized gains (losses) on closed contracts	`GainLossOnSaleOfCommodityContracts`	$-483.57K	USD	1 Quarter
Net change in unrealized gains (losses) on open contracts	`UnrealizedGainLossOnCommodityContracts`	$-547.09K	USD	1 Quarter
Net change in unrealized gains (losses) on open contracts	`UnrealizedGainLossOnCommodityContracts`	$-547.09K	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`	$-1.03M	USD	1 Quarter
Total trading results	`TradingGainsLosses`	$-1.03M	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`	$-985.73K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-985.73K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$5.60M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$5.60M	USD	1 Quarter

Stockholders Equity 36 line items

Line Item	Tag	Value	Unit	Period
Partners' Capital, Balance	`PartnersCapital`	$48.05M	USD	Point-in-time
Partners' Capital, Balance	`PartnersCapital`	$48.05M	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`	$45.57M	USD	Point-in-time
Partners' Capital, Balance	`PartnersCapital`	$45.57M	USD	Point-in-time
Net Income (Loss)	`NetIncomeLoss`	$-985.73K	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$-985.73K	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$5.60M	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$5.60M	USD	1 Quarter
Partners' Capital, Balance	`PartnersCapital`	$48.05M	USD	Point-in-time
Partners' Capital, Balance	`PartnersCapital`	$48.05M	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`	$45.57M	USD	Point-in-time
Partners' Capital, Balance	`PartnersCapital`	$45.57M	USD	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`	54,642.03	shares	Point-in-time
Partners' Capital, Balance - Redeemable Units	`PartnersCapitalAccountUnits`	54,642.03	shares	Point-in-time
Partners' Capital, Balance - Redeemable Units	`PartnersCapitalAccountUnits`	56,388.48	shares	Point-in-time
Partners' Capital, Balance - Redeemable Units	`PartnersCapitalAccountUnits`	56,388.48	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`	54,642.03	shares	Point-in-time
Partners' Capital, Balance - Redeemable Units	`PartnersCapitalAccountUnits`	54,642.03	shares	Point-in-time
Partners' Capital, Balance - Redeemable Units	`PartnersCapitalAccountUnits`	56,388.48	shares	Point-in-time
Partners' Capital, Balance - Redeemable Units	`PartnersCapitalAccountUnits`	56,388.48	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

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