Altegris Winton Futures Fund 10-Q 13 May 16 2016 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information	3 Months Ended
	Mar. 31, 2016USD ($)shares
Document And Entity Information
Entity Registrant Name	Altegris Winton Futures Fund, L.P.
Entity Central Index Key	1,198,415
Document Type	10-Q
Document Period End Date	Mar. 31, 2016
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Is Entity a Well-known Seasoned Issuer?	No
Is Entity a Voluntary Filer?	No
Is Entity's Reporting Status Current?	Yes
Entity Filer Category	Non-accelerated Filer
Entity Public Float | $	$ 0
Entity Common Stock, Shares Outstanding | shares	0
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2,016

STATEMENTS OF FINANCIAL CONDITI

STATEMENTS OF FINANCIAL CONDITION - USD ($)	Mar. 31, 2016	Dec. 31, 2015
Equity in commodity broker account
Cash	$ 9,548,541	$ 8,522,324
Restricted cash	15,843,247	19,281,810
Restricted foreign currency (cost - $12,441,216 and $13,184,580)	12,621,324	13,144,561
Unrealized gain on open commodity futures contracts	370,152	$ 2,439,064
Unrealized gain on open forward contracts	2,171,787
Total	40,555,051	$ 43,387,759
Cash	10,722,388	10,180,294
Investment securities at fair value (cost - $286,299,192 and $290,852,153)	286,326,416	290,838,842
Interest receivable	18,241	57,196
Total assets	337,622,096	344,464,091
Equity in commodity broker account:
Foreign currency due to broker (proceeds - $9,388,976 and $7,722,949)	$ 9,524,898	7,699,507
Unrealized loss on open forward contracts		394,051
Total	$ 9,524,898	8,093,558
Redemptions payable	7,672,167	8,165,478
Subscriptions received in advance	2,611,712	1,084,493
Brokerage commissions payable	432,089	431,598
Management fee payable	290,092	304,932
Service fees payable	294,192	304,498
Advisory fee payable	262,783	266,280
Administrative fee payable	59,923	63,395
Incentive fee payable	59,035	6,621
Other liabilities	478,334	435,604
Total liabilities	21,685,225	19,156,457
PARTNERS' CAPITAL (NET ASSET VALUE)
General Partner	3,875	3,821
Limited Partners	315,932,996	325,303,813
Total partners' capital (Net Asset Value)	315,936,871	325,307,634
Total liabilities and partners' capital	$ 337,622,096	$ 344,464,091

STATEMENTS OF FINANCIAL CONDIT3

STATEMENTS OF FINANCIAL CONDITION (Parenthetical) - USD ($)	Mar. 31, 2016	Dec. 31, 2015
Statement of Financial Position [Abstract]
Cost of restricted foreign currency equity in commodity broker account	$ 12,441,216	$ 13,184,580
Investment securities at cost	286,299,192	290,852,153
Proceeds of foreign currency liabilities in commodity broker account	$ 9,388,976	$ 7,722,949

CONDENSED SCHEDULE OF INVESTMEN

CONDENSED SCHEDULE OF INVESTMENTS - MARCH 31, 2016 - USD ($)		3 Months Ended	12 Months Ended
		Mar. 31, 2016	Dec. 31, 2015
Value		$ 286,326,416	$ 290,838,842
At Cost		286,299,192	290,852,153
Fixed Income Investments
Value		$ 286,326,416	$ 290,838,842
% of Partners Capital		90.63%	89.40%
At Cost		$ 286,299,192	$ 290,852,153
Fixed Income Investments | U.S. Government Agency Bonds and Notes
Value		$ 206,348,026	$ 174,304,973
% of Partners Capital		65.31%	53.58%
At Cost		$ 206,324,366	$ 174,318,285
Fixed Income Investments | U.S. Government Agency Bonds and Notes | Federal Farm Credit Bank Disc Note, 0.15%
Face Value		10,520,000
Value		$ 10,520,000
% of Partners Capital		3.33%
Maturity Date		Apr. 1, 2016
Interest Rate/Yield	[1]	0.15%
Fixed Income Investments | U.S. Government Agency Bonds and Notes | Federal Home Loan Bank Disc Note, 0.19%
Face Value		$ 11,000,000
Value		$ 10,999,296
% of Partners Capital		3.48%
Maturity Date		Apr. 12, 2016
Interest Rate/Yield	[1]	0.19%
Fixed Income Investments | U.S. Government Agency Bonds and Notes | Federal Home Loan Bank Disc Note, 0.19% 1
Face Value		$ 19,500,000
Value		$ 19,498,635
% of Partners Capital		6.17%
Maturity Date		Apr. 13, 2016
Interest Rate/Yield	[1]	0.19%
Fixed Income Investments | U.S. Government Agency Bonds and Notes | Federal Home Loan Bank Disc Note, 0.20%
Face Value		$ 25,200,000
Value		$ 25,197,203
% of Partners Capital		7.97%
Maturity Date		Apr. 20, 2016
Interest Rate/Yield	[1]	0.20%
Fixed Income Investments | U.S. Government Agency Bonds and Notes | Federal Home Loan Bank Disc Note, 0.20% 1
Face Value		$ 8,000,000
Value		$ 7,999,016
% of Partners Capital		2.53%
Maturity Date		Apr. 22, 2016
Interest Rate/Yield	[1]	0.20%
Fixed Income Investments | U.S. Government Agency Bonds and Notes | Federal Home Loan Bank Disc Note, 0.20% 2
Face Value		$ 18,700,000
Value		$ 18,697,270
% of Partners Capital		5.92%
Maturity Date		Apr. 26, 2016
Interest Rate/Yield	[1]	0.20%
Fixed Income Investments | U.S. Government Agency Bonds and Notes | Federal Home Loan Bank Disc Note, 0.20% 3
Face Value		$ 15,000,000
Value		$ 14,997,720
% of Partners Capital		4.75%
Maturity Date		Apr. 27, 2016
Interest Rate/Yield	[1]	0.20%
Fixed Income Investments | U.S. Government Agency Bonds and Notes | Federal Home Loan Bank Disc Note, 0.25%
Face Value		$ 15,000,000
Value		$ 14,995,665
% of Partners Capital		4.75%
Maturity Date		May 11, 2016
Interest Rate/Yield	[1]	0.25%
Fixed Income Investments | U.S. Government Agency Bonds and Notes | Federal Home Loan Bank Disc Note, 0.40%
Face Value		$ 12,000,000
Value		$ 11,982,672
% of Partners Capital		3.79%
Maturity Date		Aug. 9, 2016
Interest Rate/Yield	[1]	0.40%
Fixed Income Investments | U.S. Government Agency Bonds and Notes | Federal Home Loan Bank Disc Note, 0.42%
Face Value		$ 15,000,000
Value		$ 14,964,995
% of Partners Capital		4.74%
Maturity Date		Sep. 16, 2016
Interest Rate/Yield	[1]	0.42%
Fixed Income Investments | U.S. Government Agency Bonds and Notes | Federal Home Loan Bank, 0.25%
Face Value		$ 12,000,000	12,000,000
Value		$ 12,000,564	$ 11,994,216
% of Partners Capital		3.80%	3.70%
Maturity Date		Apr. 20, 2016	Apr. 20, 2016
Interest Rate/Yield		0.25%	0.25%
Fixed Income Investments | U.S. Government Agency Bonds and Notes | Federal Home Loan Mortgage Corporation Disc Note, 0.40%
Face Value		$ 15,000,000
Value		$ 14,977,830
% of Partners Capital		4.74%
Maturity Date		Aug. 12, 2016
Interest Rate/Yield	[1]	0.40%
Fixed Income Investments | U.S. Government Agency Bonds and Notes | Federal Home Loan Mortgage Corporation Disc Note, 0.42%
Face Value		$ 20,000,000
Value		$ 19,959,160
% of Partners Capital		6.32%
Maturity Date		Sep. 23, 2016
Interest Rate/Yield	[1]	0.42%
Fixed Income Investments | U.S. Government Agency Bonds and Notes | Federal Home Loan Mortgage Corporation Disc Note, 0.00%
Face Value		$ 9,558,000
Value		$ 9,558,000
% of Partners Capital		3.02%
Maturity Date		Apr. 1, 2016
Interest Rate/Yield	[1]	0.00%
Fixed Income Investments | Corporate Notes
Value		$ 73,987,336	$ 116,533,869
% of Partners Capital		23.42%	35.82%
At Cost		$ 73,987,336	$ 116,533,868
Fixed Income Investments | Corporate Notes | Apple Inc., 0.00%
Face Value		8,400,000
Value		$ 8,397,909
% of Partners Capital		2.66%
Maturity Date		Apr. 12, 2016
Interest Rate/Yield	[1]	0.00%
Fixed Income Investments | Corporate Notes | Banco del Estado de Chile, 0.39%
Face Value		$ 8,500,000
Value		$ 8,500,000
% of Partners Capital		2.69%
Maturity Date		Apr. 15, 2016
Interest Rate/Yield		0.39%
Fixed Income Investments | Corporate Notes | DCAT, LLC, 0.00%
Face Value		$ 5,800,000
Value		$ 5,797,744
% of Partners Capital		1.83%
Maturity Date		Apr. 8, 2016
Interest Rate/Yield	[1]	0.00%
Fixed Income Investments | Corporate Notes | Gotham Funding Corporation, 0.00%
Face Value		$ 8,500,000
Value		$ 8,496,813
% of Partners Capital		2.69%
Maturity Date		Apr. 8, 2016
Interest Rate/Yield	[1]	0.00%
Fixed Income Investments | Corporate Notes | Sumitomo Mutsui Trust & Banking Co, 0.40%
Face Value		$ 8,600,000
Value		$ 8,600,000
% of Partners Capital		2.72%
Maturity Date		Apr. 24, 2016
Interest Rate/Yield		0.40%
Fixed Income Investments | Corporate Notes | Sumitomo Mutsui Trust & Banking Co (USA), 0.40%
Face Value		$ 8,600,000
Value		$ 8,600,000
% of Partners Capital		2.72%
Maturity Date		Apr. 24, 2016
Interest Rate/Yield		0.40%
Fixed Income Investments | Corporate Notes | The Norinchukin Bank, 0.40%
Face Value		$ 8,600,000
Value		$ 8,600,000
% of Partners Capital		2.72%
Maturity Date		Apr. 8, 2016
Interest Rate/Yield		0.40%
Fixed Income Investments | Corporate Notes | Toyota Motor Credit Corporation, 0.00%
Face Value		$ 8,500,000
Value		$ 8,497,951
% of Partners Capital		2.69%
Maturity Date		Apr. 18, 2016
Interest Rate/Yield	[1]	0.00%
Fixed Income Investments | Corporate Notes | Working Capital Management Co. L.P., 0.00%
Face Value		$ 8,500,000
Value		$ 8,496,919
% of Partners Capital		2.70%
Maturity Date		Apr. 8, 2016
Interest Rate/Yield	[1]	0.00%
Fixed Income Investments | U.S. Treasury Obligations
Value		$ 5,991,054
% of Partners Capital		1.90%
At Cost		$ 5,987,490
Fixed Income Investments | U.S. Treasury Obligations | United States Treasury Bill, 0.35%
Face Value		6,000,000
Value		$ 5,991,054
% of Partners Capital		1.90%
Maturity Date		Sep. 1, 2016
Interest Rate/Yield		0.35%
[1]	The rate reported is the effective yield at time of purchase.

CONDENSED SCHEDULE OF INVESTME5

CONDENSED SCHEDULE OF INVESTMENTS, FUTURES CONTRACTS	3 Months Ended		12 Months Ended
	Mar. 31, 2016USD ($)Integer		Dec. 31, 2015USD ($)Integer
Value	$ 286,326,416		$ 290,838,842
Futures Contracts
Number of Contracts | Integer	13,676		14,185
Value	$ 370,152		$ 2,439,064
% of Partners Capital	0.12%		0.75%
Futures Contracts | Long Futures Contracts
Number of Contracts | Integer	9,629		8,773
Value	$ 5,213,850		$ (998,459)
% of Partners Capital	1.65%		(0.31%)
Futures Contracts | Long Futures Contracts | Agriculture
Number of Contracts | Integer	232		151
Value	$ 60,731		$ 20,231
% of Partners Capital	0.02%		0.01%
Expiration Dates, Lower Range	Apr. 1, 2016		Jan. 1, 2016
Expiration Dates, Upper Range	Sep. 1, 2016		May 1, 2016
Futures Contracts | Long Futures Contracts | Currencies
Number of Contracts | Integer	577		187
Value	$ 386,528		$ 10,596
% of Partners Capital	0.12%		0.00%
Expiration Dates	Jun. 1, 2016		Mar. 1, 2016
Futures Contracts | Long Futures Contracts | Energy
Number of Contracts | Integer	14		4
Value	$ 6,658		$ 210
% of Partners Capital	0.00%		0.00%
Expiration Dates	Jun. 1, 2016		Mar. 1, 2016
Futures Contracts | Long Futures Contracts | Interest Rates
Number of Contracts | Integer	7,211		7,140
Value	$ 3,982,775		$ (1,176,722)
% of Partners Capital	1.26%		(0.36%)
Expiration Dates, Lower Range	Jun. 1, 2016		Mar. 1, 2016
Expiration Dates, Upper Range	Mar. 1, 2019		Dec. 1, 2018
Futures Contracts | Long Futures Contracts | Metals
Number of Contracts | Integer	190		103
Value	$ (243,792)		$ 30,278
% of Partners Capital	(0.08%)		0.01%
Expiration Dates, Lower Range	May 1, 2016		Jan. 1, 2016
Expiration Dates, Upper Range	Jun. 1, 2016		Mar. 1, 2016
Futures Contracts | Long Futures Contracts | Stock Indices
Number of Contracts | Integer	831		963
Value	$ 1,279,286		$ 341,058
% of Partners Capital	0.41%		0.10%
Expiration Dates, Lower Range	Apr. 1, 2016		Jan. 1, 2016
Expiration Dates, Upper Range	Jun. 1, 2016		Mar. 1, 2016
Futures Contracts | Long Futures Contracts | Treasury Rates
Number of Contracts | Integer	574		225
Value	$ (258,336)		$ (224,110)
% of Partners Capital	(0.08%)		(0.07%)
Expiration Dates	Jun. 1, 2016		Mar. 1, 2016
Futures Contracts | Short Futures Contacts
Number of Contracts | Integer	4,047		5,412
Value	$ (4,843,698)		$ 3,437,523
% of Partners Capital	(1.53%)		1.06%
Futures Contracts | Short Futures Contacts | Agriculture
Number of Contracts | Integer	1,207		1,256
Value	$ (190,081)		$ 433,677
% of Partners Capital	(0.06%)		0.13%
Expiration Dates, Lower Range	Apr. 1, 2016		Feb. 1, 2016
Expiration Dates, Upper Range	Sep. 1, 2016		May 1, 2016
Futures Contracts | Short Futures Contacts | Currencies
Number of Contracts | Integer	1,061		1,672
Value	$ (2,613,014)		$ 1,510,362
% of Partners Capital	(0.83%)		0.46%
Expiration Dates	Jun. 1, 2016		Mar. 1, 2016
Futures Contracts | Short Futures Contacts | Energy
Number of Contracts | Integer	515		858
Value	$ 54,233		$ 493,765
% of Partners Capital	0.02%		0.15%
Expiration Dates, Lower Range	Apr. 1, 2016		Jan. 1, 2016
Expiration Dates, Upper Range	Jun. 1, 2016		Jun. 1, 2016
Futures Contracts | Short Futures Contacts | Interest Rates
Number of Contracts | Integer	242		204
Value	$ 14,439		$ (10,447)
% of Partners Capital	0.00%		0.00%
Expiration Dates, Lower Range	Jun. 1, 2016		Mar. 1, 2016
Expiration Dates, Upper Range	Dec. 1, 2016		Sep. 1, 2016
Futures Contracts | Short Futures Contacts | Metals
Number of Contracts | Integer	235		739
Value	$ (441,910)		$ 1,225,243
% of Partners Capital	(0.14%)		0.38%
Expiration Dates, Lower Range	May 1, 2016		Jan. 1, 2016
Expiration Dates, Upper Range	Feb. 1, 2017		Dec. 1, 2016
Futures Contracts | Short Futures Contacts | Stock Indices
Number of Contracts | Integer	482		638
Value	$ (1,378,373)		$ (213,952)
% of Partners Capital	(0.43%)		(0.06%)
Expiration Dates, Lower Range	Apr. 1, 2016		Jan. 1, 2016
Expiration Dates, Upper Range	Jun. 1, 2016		Mar. 1, 2016
Futures Contracts | Short Futures Contacts | Treasury Rates
Number of Contracts | Integer	305		45
Value	$ (288,992)		$ (1,125)
% of Partners Capital	(0.09%)		0.00%
Expiration Dates	Jun. 1, 2016		Mar. 1, 2016
Forward Contracts
Value	$ 2,171,787		$ (394,051)
% of Partners Capital	0.69%		(0.12%)
Forward Contracts | Long Forward Contracts | Currencies
Number of Contracts | Integer	178,387,212	[1]	213,007,833	[2]
Value	$ 3,936,397		$ (896,055)
% of Partners Capital	1.25%		(0.28%)
Expiration Dates, Lower Range	Apr. 1, 2016		Jan. 1, 2016
Expiration Dates, Upper Range	Sep. 1, 2016		Jun. 1, 2016
Forward Contracts | Short Forward Contracts | Currencies
Number of Contracts | Integer	176,215,425	[1]	212,598,674	[2]
Value	$ (1,764,610)		$ 502,004
% of Partners Capital	(0.56%)		0.16%
Expiration Dates, Lower Range	Apr. 1, 2016		Jan. 1, 2016
Expiration Dates, Upper Range	Sep. 1, 2016		Jun. 1, 2016
[1]	Represents the March 31, 2016 U.S. dollar equivalent of the notional amount bought or sold.
[2]	Represents the December 31, 2015 U.S. dollar equivalent of the notional amount bought or sold.

CONDENSED SCHEDULE OF INVESTME6

CONDENSED SCHEDULE OF INVESTMENTS - DECEMBER 31, 2015 - USD ($)		3 Months Ended	12 Months Ended
		Mar. 31, 2016	Dec. 31, 2015
Value		$ 286,326,416	$ 290,838,842
At Cost		286,299,192	290,852,153
Fixed Income Investments
Value		$ 286,326,416	$ 290,838,842
% of Partners Capital		90.63%	89.40%
At Cost		$ 286,299,192	$ 290,852,153
Fixed Income Investments | U.S. Government Agency Bonds and Notes
Value		$ 206,348,026	$ 174,304,973
% of Partners Capital		65.31%	53.58%
At Cost		$ 206,324,366	$ 174,318,285
Fixed Income Investments | U.S. Government Agency Bonds and Notes | Federal Farm Credit Bank Disc Note, 0.00%
Face Value			3,140,000
Value			$ 3,139,992
% of Partners Capital			0.97%
Maturity Date			Jan. 4, 2016
Interest Rate/Yield	[1]		0.00%
Fixed Income Investments | U.S. Government Agency Bonds and Notes | Federal Home Loan Bank Disc Note, 0.00%
Face Value			$ 6,689,000
Value			$ 6,688,983
% of Partners Capital			2.06%
Maturity Date			Jan. 4, 2016
Interest Rate/Yield	[1]		0.00%
Fixed Income Investments | U.S. Government Agency Bonds and Notes | Federal Home Loan Bank Disc Note, 0.08%
Face Value			$ 18,000,000
Value			$ 17,999,694
% of Partners Capital			5.53%
Maturity Date			Jan. 8, 2016
Interest Rate/Yield	[1]		0.08%
Fixed Income Investments | U.S. Government Agency Bonds and Notes | Federal Home Loan Bank Disc Note, 0.13%
Face Value			$ 18,000,000
Value			$ 17,998,272
% of Partners Capital			5.53%
Maturity Date			Jan. 27, 2016
Interest Rate/Yield	[1]		0.13%
Fixed Income Investments | U.S. Government Agency Bonds and Notes | Federal Home Loan Bank Disc Note, 0.22%
Face Value			$ 15,041,000
Value			$ 15,037,871
% of Partners Capital			4.62%
Maturity Date			Feb. 3, 2016
Interest Rate/Yield	[1]		0.22%
Fixed Income Investments | U.S. Government Agency Bonds and Notes | Federal Home Loan Bank Disc Note, 0.23%
Face Value			$ 18,000,000
Value			$ 17,996,004
% of Partners Capital			5.53%
Maturity Date			Feb. 5, 2016
Interest Rate/Yield	[1]		0.23%
Fixed Income Investments | U.S. Government Agency Bonds and Notes | Federal Home Loan Bank Disc Note, 0.23% 1
Face Value			$ 10,000,000
Value			$ 9,997,010
% of Partners Capital			3.07%
Maturity Date			Feb. 16, 2016
Interest Rate/Yield	[1]		0.23%
Fixed Income Investments | U.S. Government Agency Bonds and Notes | Federal Home Loan Bank Disc Note, 0.23% 2
Face Value			$ 25,000,000
Value			$ 24,992,350
% of Partners Capital			7.68%
Maturity Date			Feb. 17, 2016
Interest Rate/Yield	[1]		0.23%
Fixed Income Investments | U.S. Government Agency Bonds and Notes | Federal Home Loan Bank Disc Note, 0.24%
Face Value			$ 2,000,000
Value			$ 1,999,292
% of Partners Capital			0.61%
Maturity Date			Feb. 24, 2016
Interest Rate/Yield	[1]		0.24%
Fixed Income Investments | U.S. Government Agency Bonds and Notes | Federal Home Loan Bank Disc Note, 0.34%
Face Value			$ 13,200,000
Value			$ 13,186,272
% of Partners Capital			4.05%
Maturity Date			Apr. 20, 2016
Interest Rate/Yield	[1]		0.34%
Fixed Income Investments | U.S. Government Agency Bonds and Notes | Federal Home Loan Bank, 0.38%
Face Value			$ 31,775,000
Value			$ 31,775,254
% of Partners Capital			9.77%
Maturity Date			Feb. 19, 2016
Interest Rate/Yield			0.38%
Fixed Income Investments | U.S. Government Agency Bonds and Notes | Federal Home Loan Bank, 0.20%
Face Value			$ 1,500,000
Value			$ 1,499,763
% of Partners Capital			0.46%
Maturity Date			Feb. 29, 2016
Interest Rate/Yield			0.20%
Fixed Income Investments | U.S. Government Agency Bonds and Notes | Federal Home Loan Bank, 0.25%
Face Value		12,000,000	$ 12,000,000
Value		$ 12,000,564	$ 11,994,216
% of Partners Capital		3.80%	3.70%
Maturity Date		Apr. 20, 2016	Apr. 20, 2016
Interest Rate/Yield		0.25%	0.25%
Fixed Income Investments | Corporate Notes
Value		$ 73,987,336	$ 116,533,869
% of Partners Capital		23.42%	35.82%
At Cost		$ 73,987,336	$ 116,533,868
Fixed Income Investments | Corporate Notes | Apple Inc., 0.30%
Face Value			9,000,000
Value			$ 8,997,825
% of Partners Capital			2.77%
Maturity Date			Jan. 13, 2016
Interest Rate/Yield	[1]		0.30%
Fixed Income Investments | Corporate Notes | Banco del Estado de Chile, 0.40%
Face Value			$ 9,000,000
Value			$ 9,000,000
% of Partners Capital			2.77%
Maturity Date			Jan. 22, 2016
Interest Rate/Yield			0.40%
Fixed Income Investments | Corporate Notes | Chevron Corporation, 0.26%
Face Value			$ 12,000,000
Value			$ 11,997,350
% of Partners Capital			3.69%
Maturity Date			Jan. 6, 2016
Interest Rate/Yield	[1]		0.26%
Fixed Income Investments | Corporate Notes | DCAT, LLC, 0.35%
Face Value			$ 6,000,000
Value			$ 5,997,750
% of Partners Capital			1.84%
Maturity Date			Jan. 13, 2016
Interest Rate/Yield	[1]		0.35%
Fixed Income Investments | Corporate Notes | Exxon Mobil Corporation, 0.30%
Face Value			$ 11,650,000
Value			$ 11,646,635
% of Partners Capital			3.58%
Maturity Date			Jan. 12, 2016
Interest Rate/Yield	[1]		0.30%
Fixed Income Investments | Corporate Notes | General Electric, 0.15%
Face Value			$ 14,000,000
Value			$ 13,999,767
% of Partners Capital			4.30%
Maturity Date			Jan. 4, 2016
Interest Rate/Yield	[1]		0.15%
Fixed Income Investments | Corporate Notes | National Rural Utilities Cooperative Finance, 0.29%
Face Value			$ 6,100,000
Value			$ 6,098,333
% of Partners Capital			1.87%
Maturity Date			Jan. 14, 2016
Interest Rate/Yield	[1]		0.29%
Fixed Income Investments | Corporate Notes | Sumitomo Mitsui Trust Bank, Limited, 0.41%
Face Value			$ 9,000,000
Value			$ 9,000,000
% of Partners Capital			2.77%
Maturity Date			Jan. 27, 2016
Interest Rate/Yield			0.41%
Fixed Income Investments | Corporate Notes | Sumitomo Mitsui Banking Corporation, 0.40%
Face Value			$ 9,000,000
Value			$ 9,000,000
% of Partners Capital			2.77%
Maturity Date			Jan. 27, 2016
Interest Rate/Yield			0.40%
Fixed Income Investments | Corporate Notes | The Chiba Bank, Ltd., 0.46%
Face Value			$ 6,700,000
Value			$ 6,700,000
% of Partners Capital			2.06%
Maturity Date			Jan. 8, 2016
Interest Rate/Yield			0.46%
Fixed Income Investments | Corporate Notes | The Norinchukin Bank, 0.39%
Face Value			$ 9,000,000
Value			$ 9,000,000
% of Partners Capital			2.77%
Maturity Date			Jan. 15, 2016
Interest Rate/Yield			0.39%
Fixed Income Investments | Corporate Notes | The Walt Disney Company, 0.30%
Face Value			$ 6,000,000
Value			$ 5,999,000
% of Partners Capital			1.84%
Maturity Date			Jan. 20, 2016
Interest Rate/Yield	[1]		0.30%
Fixed Income Investments | Corporate Notes | Working Capital Management Co. L.P., 0.45%
Face Value			$ 9,100,000
Value			$ 9,097,209
% of Partners Capital			2.79%
Maturity Date			Jan. 14, 2016
Interest Rate/Yield	[1]		0.45%
[1]	The rate reported is the effective yield at time of purchase.

STATEMENTS OF INCOME (LOSS)

STATEMENTS OF INCOME (LOSS) - USD ($)	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Gain (loss) on trading of derivatives contracts
Realized	$ 7,823,201	$ 25,690,639
Change in unrealized	496,926	(2,477,414)
Brokerage commissions	(1,242,283)	(1,437,038)
Gain (loss) from trading derivatives contracts	7,077,844	21,776,187
Gain (loss) on trading of securities
Realized	61,897	28,176
Change in unrealized	40,535	33,253
Gain (loss) from trading securities	102,432	61,429
Gain (loss) on trading of foreign currency
Realized	62,477	(113,194)
Change in unrealized	60,763	32,315
Gain (loss) from trading foreign currency	123,240	(80,879)
Total trading gains (losses)	7,303,516	21,756,737
Income
Interest income	197,506	92,909
Expenses
Management fee	889,761	1,041,216
Service fees	873,376	994,440
Advisory fee	778,191	900,180
Professional fees	314,140	310,960
Administrative fee	184,329	219,404
Incentive fee	59,035	4,338,981
Interest expense	32,686	1,149
Other expenses	83,768	148,283
Total expenses	3,215,286	7,954,613
Net investment (loss)	(3,017,780)	(7,861,704)
NET INCOME (LOSS)	$ 4,285,736	$ 13,895,033

STATEMENTS OF CHANGES IN PARTNE

STATEMENTS OF CHANGES IN PARTNERS' CAPITAL (NET ASSET VALUE) - USD ($)	Total	Limited Partners, Original Class A	Limited Partners, Original Class B	Limited Partners, Special Interests	Limited Partners, Class A	Limited Partners, Class B	Limited Partners, Institutional Interests	General Partner
Balances at Dec. 31, 2014	$ 374,794,900	$ 22,708,611	$ 4,959,522	$ 15,181,688	$ 169,461,952	$ 90,830,085	$ 71,649,123	$ 3,919
Transfers					(329,894)		329,894
Capital additions	$ 8,124,012	$ 80,333		$ 62,000	5,695,674	$ 1,488,921	797,084
Capital withdrawals	(12,713,663)	(201,308)	$ (134,644)		(5,377,062)	(4,875,784)	(2,124,865)
Net investment income (loss)	(7,861,704)	(444,499)	(84,367)	$ (249,626)	(4,134,174)	(1,725,019)	(1,223,942)	$ (77)
Net realized gain (loss) from investments (net of brokerage commissions and FX)	24,168,583	1,462,639	320,414	985,206	11,014,680	5,783,463	4,601,928	253
Net change in unrealized gain (loss) from investments	(2,411,846)	(147,725)	(32,853)	(101,205)	(1,136,347)	(549,072)	(444,618)	(26)
Net income (loss)	13,895,033	870,415	203,194	634,375	5,744,159	3,509,372	2,933,368	150
Balances at Mar. 31, 2015	384,100,282	23,458,051	5,028,072	15,878,063	175,194,829	90,952,594	73,584,604	4,069
Balances at Dec. 31, 2015	$ 325,307,634	$ 19,520,525	$ 3,866,836	$ 16,606,040	$ 150,288,448	$ 69,938,089	$ 65,083,875	$ 3,821
Transfers
Capital additions	$ 4,107,970				$ 2,725,187	$ 616,526	$ 766,257
Capital withdrawals	(17,764,469)	$ (297,856)	$ (1,014,293)	$ (64,299)	(5,019,220)	(8,445,331)	(2,923,470)
Net investment income (loss)	(3,017,780)	(151,698)	(17,935)	(76,546)	(1,911,946)	(513,521)	(346,105)	$ (29)
Net realized gain (loss) from investments (net of brokerage commissions and FX)	6,705,292	404,054	71,786	344,634	3,125,426	1,402,618	1,356,695	79
Net change in unrealized gain (loss) from investments	598,224	28,021	25,628	20,851	256,453	208,706	58,561	4
Net income (loss)	4,285,736	280,377	79,479	288,939	1,469,933	1,097,803	1,069,151	54
Balances at Mar. 31, 2016	$ 315,936,871	$ 19,503,046	$ 2,932,022	$ 16,830,680	$ 149,464,348	$ 63,207,087	$ 63,995,813	$ 3,875

1. ORGANIZATION AND SIGNIFICANT

1. ORGANIZATION AND SIGNIFICANT ACCOUNTING POLICIES	3 Months Ended
	Mar. 31, 2016
Accounting Policies [Abstract]
ORGANIZATION AND SIGNIFICANT ACCOUNTING POLICIES	NOTE 1 - ORGANIZATION AND SIGNIFICANT ACCOUNTING POLICIES A. General Description of the Partnership Altegris Winton Futures Fund, L.P. (f/k/a Winton Futures Fund, L.P. (US)) (the “Partnership”) was organized as a limited partnership in Colorado in March 1999, and will continue until December 31, 2035, unless sooner terminated as provided for in the Agreement of Limited Partnership, as amended and restated from time to time (“Agreement”). The Partnership's general partner is Altegris Advisors, L.L.C. (“Advisors” or the “General Partner”). The Partnership speculatively trades commodity futures contracts, options on futures contracts, forward contracts and other commodity interests. The objective of the Partnership’s business is appreciation of its assets. The Partnership is subject to the regulations of the Commodity Futures Trading Commission (the “CFTC”), an agency of the United States (“U.S.”) government that regulates most aspects of the commodity futures industry; rules of the National Futures Association, an industry self-regulatory organization; and the requirements of commodity exchanges and futures commission merchants (brokers) through which the Partnership trades. B. Method of Reporting The Partnership’s financial statements are presented in accordance with U.S. generally accepted accounting principles (“U.S. GAAP”). Therefore, the Partnership follows the accounting and reporting guidelines for investment companies. The preparation of the financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported fair value of assets and liabilities, disclosures of contingent assets and liabilities as of March 31, 2016 and December 31, 2015, and reported amounts of income and expenses for the three months ended March 31, 2016 and 2015, respectively. Management believes that the estimates utilized in preparing the Partnership’s financial statements are reasonable; however, actual results could differ from these estimates and it is reasonably possible that differences could be material. The financial information included herein is unaudited; however, such financial information reflects all adjustments which are, in the opinion of the General Partner, necessary for the fair presentation of the financial statements for the interim period. C. Fair Value In accordance with the authoritative guidance under U.S. GAAP, fair value is defined as the price that would be received to sell an asset or paid to transfer a liability (i.e. the “exit price”) in an orderly transaction between market participants at the measurement date. In determining fair value, the Partnership uses various valuation approaches. The authoritative guidance under U.S. GAAP establishes a fair value hierarchy for inputs used in measuring fair value that maximizes the use of observable inputs and minimizes the use of unobservable inputs by requiring that the most observable inputs be used when available. Observable inputs are those that market participants would use in pricing the asset or liability based on market data obtained from sources independent of the Partnership. Unobservable inputs reflect the Partnership’s assumption about the inputs market participants would use in pricing the asset or liability developed based on the best information available in the circumstances. The fair value hierarchy is categorized into three levels based on the inputs as follows: Level 1 - Unadjusted quoted prices in active markets for identical, unrestricted assets or liabilities that the Partnership has the ability to access at the measurement date; Level 2 - Quoted prices which are not active, or inputs that are observable (either directly or indirectly) for substantially the full term of the asset or liability; and Level 3 - Prices, inputs or exotic modeling techniques which are both significant to the fair value measurement and unobservable (supported by little or no market activity). The availability of valuation techniques and observable inputs can vary from assets and liabilities and is affected by a wide variety of factors, including the type of asset or liability, whether the asset or liability is new and not yet established in the marketplace, and other characteristics particular to the transaction. To the extent that valuation is based on models or inputs that are less observable or unobservable in the market, the determination of fair value requires more judgment. Those estimated values do not necessarily represent the amounts that may be ultimately realized due to the occurrence of future circumstances that cannot be reasonably determined. Because of the inherent uncertainty of valuation, those estimated values may be materially higher or lower than the values that would have been used had a ready market for the asset or liability existed. Accordingly, the degree of judgment exercised by the Partnership in determining fair value is greatest for assets and liabilities categorized in Level 3. In certain cases, the inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, for disclosure purposes, the level in the fair value hierarchy within which the fair value measurement falls in its entirety is determined by the lowest level input that is significant to the fair value measurement. Fair value is a market-based measure considered from the perspective of a market participant rather than an entity-specific measure. Therefore, even when market assumptions are not readily available, the Partnership’s own assumptions are set to reflect those that market participants would use in pricing the asset or liability at the measurement date. The Partnership uses prices and inputs that are current as of the measurement date, including prices and inputs during periods of market dislocation. In periods of market dislocation, the observability of prices and inputs may be reduced for many assets and liabilities. This condition could cause an asset or liability to be recla s The Partnership values futures and options on futures contracts at the closing price of the contract’s primary exchange. The Partnership includes futures and options on futures contracts in Level 1 of the fair value hierarchy, as they are exchange traded derivatives. Foreign currency exchange contracts and foreign cross currency exchange contracts are valued at the mean between the bid and ask prices, which approximates fair value. Interpolated values are derived when the settlement date of the contract is an interim date for which quotations are not available. The Partnership includes forward currency contracts in Level 2 of the fair value hierarchy. The fair value of U.S. government agency bonds and notes is generally based on quoted prices in active markets. When quoted prices are not available, fair value is determined based on a valuation model that uses inputs that include interest-rate yield curves, cross-currency-basis index spreads, and country credit spreads similar to the bond in terms of issue, maturity and seniority. U.S. government bonds are categorized in Levels 1 or 2 of the fair value hierarchy. As of March 31, 2016 or December 31, 2015, none of the Partnership’s holdings in U.S. government agency bonds and notes were fair valued using valuation models. The fair value of U.S. treasury obligations is generally based on quoted prices in active markets. U.S. treasury obligations are categorized in Level 1 of the fair value hierarchy. The fair value of corporate notes is determined using recently executed transactions, market price quotations (where observable), notes spreads or credit default swap spreads. The spread data used are for the same maturity as that of the notes. If the spread data does not reference the issuer, data that references a comparable issuer is used. When observable price quotations are not available, fair value is determined based on cash flow models with yield curves, bond, or single-name credit default swap spreads and recovery rates based on collateral values as key inputs. These valuation methods represent both a market and income approach to fair value measurement. Corporate notes are categorized in Level 2 of the fair value hierarchy; however, in instances where significant inputs are unobservable, they are categorized in Level 3 of the hierarchy. As of March 31, 2016 or December 31, 2015, none of the Partnership’s holdings in corporate notes were fair valued using valuation models. The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. There were no changes to the Partnership’s valuation methodology during the three months ended March 31, 2016 and the year ended December 31, 2015. The following table presents information about the Partnership’s assets and liabilities measured at fair value as March 31, 2016 and December 31, 2015: March 31, 2016 Level 1 Level 2 Level 3 Balance as of March 31, 2016 Assets: Futures contracts (1) $ 6,924,862 $ - $ - $ 6,924,862 Forward currency contracts (1) - 3,950,948 - 3,950,948 U.S. Government agency bonds and notes 206,348,026 - - 206,348,026 Corporate notes - 73,987,336 - 73,987,336 U.S. Treasury Obligations 5,991,054 - - 5,991,054 $ 219,263,942 $ 77,938,284 $ - $ 297,202,226 Liabilities: Futures contracts (1) $ (6,554,710 ) $ - $ - $ (6,554,710 ) Forward currency contracts (1) - (1,779,161 ) - (1,779,161 ) $ (6,554,710 ) $ (1,779,161 ) $ - $ (8,333,871 ) December 31, 2015 Level 1 Level 2 Level 3 Balance as of December 31, 2015 Assets: Futures contracts (1) $ 6,760,911 $ - $ - $ 6,760,911 Forward currency contracts (1) - 1,272,922 - 1,272,922 U.S. Government agency bonds and notes 174,304,973 - - 174,304,973 Corporate notes - 116,533,869 - 116,533,869 $ 181,065,884 $ 117,806,791 $ - $ 298,872,675 Liabilities: Futures contracts (1) $ (4,321,847 ) $ - $ - $ (4,321,847 ) Forward currency contracts (1) - (1,666,973 ) - (1,666,973 ) $ (4,321,847 ) $ (1,666,973 ) $ - $ (5,988,820 ) (1) See Note 7. "Financial Derivative Instruments" for the fair value in each type of contracts within this category. For the three months ended March 31, 2016 and the year ended December 31, 2015, there were no transfers between Level 1 and Level 2 assets and liabilities. For the three months ended March 31, 2016 and the year ended December 31, 2015, there were no Level 3 securities. D. Investment Transactions and Investment Income Security transactions are recorded on the trade date for financial reporting purposes. Realized gains and losses from security transactions are determined using the specific identification cost method. Change in net unrealized gain or loss from the preceding period is reported in the Statements of Income (Loss). Brokerage commissions and other trading fees are reflected as an adjustment to cost or proceeds at the time of the transaction. Interest income is recorded on an accrual basis. Gains or losses on futures contracts, options on futures contracts and forward currency contracts are realized when contracts are closed. Net unrealized gains or losses on open contracts (the difference between contract trade price and quoted market price) are reflected in the Statements of Financial Condition. Any change in net unrealized gain or loss from the preceding period is reported in the Statements of Income (Loss). Brokerage commissions on futures and options on futures contracts include other trading fees and are incurred as an expense when contracts are opened, and are recognized as trading gains and losses. Net realized gains and losses from foreign currency related transactions represent gains and losses from sales of foreign currencies, sales and maturities of futures contracts in foreign markets and foreign currency forward contracts, currency gains and losses realized between trade and settlement dates on securities transactions, and the difference between the amounts of interest and foreign withholding taxes recorded on the Partnership’s books and the U.S. Dollar equivalent of the amounts actually received or paid. Net unrealized appreciation (depreciation) on other assets and other liabilities denominated in foreign currency arise from changes in the value of assets, other than investments in securities, and liabilities at fiscal year end, resulting from changes in the exchange rates. J.P. Morgan Chase Bank, N.A. (the “Custodian”) is the Partnership’s custodian. SG Americas Securities, LLC (the “Clearing Broker”) is the Partnership’s commodity broker. A portion of the Partnership’s assets are held as initial margin or option premiums (in cash or Treasury securities) in the Partnership’s brokerage accounts at the Clearing Broker. The Partnership’s assets not deposited at the Clearing Broker are deposited with either the Custodian or held in bank cash accounts at Northern Trust Company (and used to pay Partnership operating expenses). For the Partnership’s cash deposited at the Custodian. the Partnership receives cash management services from J.P. Morgan Investment Management Inc. (“JPMIM”). E. Option Contracts Generally, an option is a contract that gives the purchaser of the option, in return for the premium paid, the right to buy a specified security, currency or other instrument (an ‘‘underlying instrument’’) from the writer of the option (in the case of a call option), or to sell a specified security, currency, or other instrument to the writer of the option (in the case of put option) at a designated price. Put and call options that the Partnership may purchase or write may be traded on a national securities exchange or in the over-the-counter (OTC) market. All option positions entered into on a national securities exchange are cleared and guaranteed by the Options Clearing Corporation, thereby reducing the risk of counterparty default. There can be no assurance that a liquid secondary market will exist for any option purchased or sold. As the buyer of an option, the Partnership has a right to buy (call option) or sell (put option) the underlying instrument at the exercise price. The Partnership may enter into closing sale transactions with respect to options, exercise them, or permit them to expire unexercised. When buying options, the potential loss is limited to the cost (premium plus transaction costs) of the option. As the writer of a put option, the Partnership has the obligation to buy (call option) or sell (put option) the underlying instrument at the exercise price. When the Partnership writes an option, an amount equal to the premium received by the Partnership is recorded as a liability and subsequently marked to market to reflect the current value of the option written. If the written option expires unexercised, the Partnership realizes a gain in the amount of the premium received. If the Partnership enters into a closing transaction, it recognizes a gain or loss, depending on whether the cost of the purchase is less than or greater than the premium received. If the option is exercised, the Partnership will incur a loss to the extent the difference between the current market value of the underlying instrument and the exercise price exceeds the premium received. As the writer of a call option, the Partnership retains the risk of loss should the underlying instrument increase in value. If the option is exercised, the Partnership will be required to buy or sell the instrument at the exercise price. Accordingly, these transactions result in off-balance sheet risk, as the Partnership’s ultimate obligation may exceed the amount indicated in the Statements of Financial Condition. As of March 31, 2016 and December 31, 2015 the Partnership did not hold any option contracts. F. Futures Contracts The Partnership may engage in futures contracts as part of its investment strategy. Upon entering into a futures contract, the Partnership is required to deposit with the broker an amount of cash or cash equivalents equal to a certain percentage of the contract amount. This is known as the initial margin. Subsequent payments (“variation margin”) are made or received by the Partnership each day, depending on the daily fluctuations in the value of the contract, and are included in unrealized gain/loss on futures contracts. Due to broker amounts on the Statements of Financial Condition represent the amount of any short fall in the Fund's required cash margin. The Partnership recognizes a realized gain or loss when the contract is closed. There are several risks in connection with the use of futures contracts as an investment option. The change in value of futures contracts primarily corresponds with the value of their underlying instruments. In addition, there is the risk that the Partnership may not be able to enter into a closing transaction because of an illiquid secondary market. Open positions in futures contracts at March 31, 2016 and December 31, 2015 are reflected within the Condensed Schedules of Investments. G. Forward currency contracts Forward currency contracts may be entered into as an economic hedge against foreign currency exchange rate risk related to portfolio positions. A forward currency contract is an obligation to purchase or sell a currency against another currency at a future date at an agreed upon price and quantity. Forward currency contracts are traded over-the-counter and not on an organized exchange. Forward currency contracts help to manage the overall exposure to the foreign currency backing some of the investments held by the Partnership. Each contract is marked-to-market daily and the change in market value is recorded by the Partnership as an unrealized appreciation or depreciation. When the contract is closed, the Partnership records a realized gain or loss equal to the difference between the value at the time it was opened and the value at the time it was closed. The use of forward currency contracts involves the risk that counterparties may not meet the terms of the agreement or unfavorable movements in the value of a foreign currency relative to the U.S. dollar. Open forward currency contracts at March 31, 2016 and December 31, 2015 are reflected within the Condensed Schedules of Investments. H. Foreign Currency Transactions The Partnership’s functional currency is the U.S. dollar; however, it may transact business in currencies other than the U.S. dollar. Assets and liabilities denominated in currencies other than the U.S. dollar are translated into U.S. dollars at the rates in effect at the date of the Statements of Financial Condition. Income and expense items denominated in currencies other than the U.S. dollar are translated into U.S. dollars at the rates in effect during the period. Gains and losses resulting from the translation to U.S. dollars are reported in the Statements of Income (Loss). I. Cash The Partnership maintains a custody account with JPMorgan Chase Bank, N.A. At times, the Partnership’s cash balance could exceed the insured amount under the Federal Deposit Insurance Corporation (“FDIC”). The Partnership has not experienced any losses in such accounts and believes it is not subject to any significant counterparty risk related to its cash account. Both restricted cash and restricted foreign currency are held as margin collateral for futures transactions. J. Offering Costs Offering costs incurred in connection with the ongoing offering of the Partnership’s interests are borne by the Partnership. These costs include, but are not limited to, legal fees pertaining to updating the Partnership’s offering documents and materials, accounting and printing costs. These costs are charged as an expense when incurred. K. Income Taxes As an entity taxable as a partnership for the U.S. Federal Income tax purposes; the Partnership itself is not subject to Federal Income tax. The Partnership prepares and files calendar year U.S. and applicable state information tax returns and reports to the partners their allocable shares of the Partnership’s income and expenses. The Partnership is required to determine whether its tax positions are more likely than not to be sustained upon examination by the applicable taxing authority, including resolution of any related appeals or litigation processes, based on the technical merits of the position. The tax benefit recognized is measured as the largest amount of benefit that has a greater than fifty percent likelihood of being realized upon ultimate settlement with the relevant taxing authority. De-recognition of a tax benefit previously recognized results in the Partnership recording a tax liability that reduces ending partners’ capital. Based on its analysis, the Partnership has determined that it has not incurred any liability for unrecognized tax benefits as of March 31, 2016 or December 31, 2015. However, the Partnership’s conclusions may be subject to review and adjustment at a later date based on factors including, but not limited to, on-going analyses of and changes to tax laws, regulations and interpretations thereof. The Partnership is subject to income tax examinations by major taxing authorities for all tax years since 2012. The Partnership recognizes interest and penalties related to unrecognized tax benefits in interest expense and other expenses, respectively. No interest expense or penalties have been recognized as of and for the three months ended March 31, 2016 or for the year ended December 31, 2015.

2. PARTNERS' CAPITAL

2. PARTNERS' CAPITAL	3 Months Ended
	Mar. 31, 2016
Equity [Abstract]
PARTNERS' CAPITAL	NOTE 2 - PARTNERS’ CAPITAL A. Capital Accounts and Allocation of Income and Losses The Partnership accounts for subscriptions and redemptions on a per partner capital account basis. The Partnership consists of the General Partner’s Interest, Original Class A Interests, Original Class B Interests, Special Interests, Class A Interests, Class B Interests and Institutional Interests. Original Class A Interests and Original Class B Interests were issued prior to July 1, 2008 and are no longer issued to limited partners in the Partnership (each a “Limited Partner” and collectively the “Limited Partners”). Class A Interests, Class B Interests and Institutional Interests were first issued by the Partnership on July 1, 2008. Income or loss (prior to management fees, administrative fees, service fees and incentive fees) are allocated pro rata among the Limited Partners based on their respective capital accounts as of the end of each month, in which the items accrue pursuant to the terms of the Partnership’s Agreement. Original Class A Interests, Original Class B Interests, Special Interests, Class A Interests, Class B Interests and Institutional Interests are then charged with their applicable management fee, administrative fee, service fee and incentive fee in accordance with the Agreement. No Limited Partner of the Partnership shall be liable for any debts or liabilities of the Partnership or any losses thereof in excess of such Limited Partner’s capital contributions, except as may be required by law. B. Subscriptions, Distributions and Redemptions Investments in the Partnership are made by subscription agreement, subject to acceptance by the General Partner. The Partnership is not required to make distributions, but may do so at the sole discretion of the General Partner. A Limited Partner may request and receive redemption of capital, subject to restrictions set forth in the Agreement. The General Partner may request and receive redemption of capital, subject to the same terms as any Limited Partner. The partners may withdraw their interests on a monthly basis upon at least 15 days’ prior written notice, subject to the discretion of the General Partner. No distributions were made for the three months ended March 31, 2016 and 2015.

3. RELATED PARTY TRANSACTIONS

3. RELATED PARTY TRANSACTIONS	3 Months Ended
	Mar. 31, 2016
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	NOTE 3 - RELATED PARTY TRANSACTIONS A. General Partner Management Fee The General Partner receives a monthly management fee from the Partnership equal to 0.0625% (0.75% annually) for Original Class A, 0.146% (1.75% annually) for Original Class B, and currently 0.0417% (0.50% annually) for Special Interests of the Partnership's management fee net asset value. The General Partner receives a monthly management fee from the Partnership equal to 0.104% (1.25% annually) for Class A and Class B, and 0.0625% (0.75% annually) for Institutional Interests of the Partnership's management fee net asset value. The General Partner may declare any Limited Partner a “Special Limited Partner” and the management fees or incentive fees charged to any such partner may be different than those charged to other Limited Partners. Total management fees earned by the General Partner, for the three months ended March 31, 2016 and 2015 are shown on the Statements of Income (Loss) as Management Fee. B. Administrative Fee The General Partner receives a monthly administrative fee from the Partnership equal to 0.0275% (0.33% annually) of the Partnership's management fee net asset value attributable to Class A and Class B Interests. For the three months ended March 31, 2016, administrative fees for Class A and Class B Interests were $127,431 and $56,898, respectively. For the three months ended March 31, 2015, administrative fees for Class A and Class B Interests were $143,555 and $75,849, respectively. General Partner’s Interest, Original Class A, Original Class B, Special Interests and Institutional Interests did not get charged the administrative fee. C. Altegris Investments, Inc. and Altegris Clearing Solutions, L.L.C. Altegris Investments, L.L.C. (“Altegris Investments”), an affiliate of the General Partner, is registered as a broker-dealer with the SEC and effective as of December 31, 2014, was converted from an Arkansas corporation (Altegris Investments, Inc.) to a Delaware limited liability company (Altegris Investments, L.L.C.). For the years ended December 31, 2014 and 2013, Altegris Futures, L.L.C. (“Altegris Futures”), an affiliate of the General Partner and an introducing broker registered with the CFTC, was the Partnership’s introducing broker. For the year ended December 31, 2015, Altegris Clearing Solutions, L.L.C. (Altegris Clearing Solutions), an affiliate of the General Partner and an introducing broker registered with the CFTC, was the Partnership’s introducing broker. On December 31, 2014, Altegris Futures was merged with and into Altegris Clearing Solutions and thereafter dissolved. Altegris Clearing Solutions was the surviving entity (Altegris Clearing Solutions is referred to as the “introducing broker” of the Partnership). Altegris Investments has entered into a selling agreement with the Partnership whereby it receives 2% per annum as continuing compensation for Class A Interests sold by Altegris Investments that are outstanding at month end. The Partnership’s introducing broker receives a portion of the commodity brokerage commissions paid by the Partnership to the Clearing Broker and interest income retained by the Clearing Broker. Additionally, the Partnership pays to its clearing brokers and its introducing broker, at a minimum, brokerage charges at a flat rate of 0.125% (1.5% annually) of the Partnership’s management fee net asset value. Brokerage charges may exceed the flat rate described above, depending on commission and trading volume levels, which may vary. At March 31, 2016 and December 31, 2015, respectively, the Partnership had charges for brokerage-related services payable to its introducing broker of $350,033 and $347,920, and service fees payable to Altegris Investments of $41,651 and $42,997, respectively. The following tables show the fees paid to Altegris Investments and Altegris Clearing Solutions for the three months ended March 31, 2016 and 2015: Three months ended March 31, 2016 Three months ended March 31, 2015 Altegris Clearing Solutions - Brokerage Commission fees $ 1,040,476 $ 1,161,367 Altegris Investments- Service fees 128,636 151,984 Total $ 1,169,112 $ 1,313,351 The amounts above are included in Brokerage Commissions and Service Fees on the Statements of Income (Loss), respectively. The amounts shown on the Statements of Income (Loss) include fees paid to non-related parties.

4. ADVISORY CONTRACT

4. ADVISORY CONTRACT	3 Months Ended
	Mar. 31, 2016
Notes to Financial Statements
ADVISORY CONTRACT	NOTE 4 - ADVISORY CONTRACT The Partnership's trading activities are conducted pursuant to an advisory contract with Winton Capital Management, Limited (“Advisor”). The Partnership pays the Advisor a quarterly incentive fee of 20% of the trading profits (as defined in the Agreement). However, the quarterly incentive fee is payable only on cumulative profits achieved from commodity trading (as defined in the Agreement). Total incentive fees earned by the Advisor for the three months ended March 31, 2016 and 2015 are shown on the Statements of Income (Loss). The Advisor receives a monthly management fee from the Partnership equal to 0.083% (1.00% annually) for Class A, Class B, and Institutional Interests of the Partnership's management fee net asset value. The Advisor receives a monthly management fee from the Partnership equal to 0.0625% (0.75% annually) for Original Class B Interests of the Partnership's management fee net asset value. Advisor receives a monthly management fee from the Partnership equal to 0.042% (0.50% annually) for Special Interests of the Partnership's management fee net asset value. In addition, the General Partner has assigned a portion of its management fees earned to the Advisor. For the three months ended March 31, 2016, management fees for Class A, Class B, Original Class B, Special Interests and Institutional Interests were $386,153, $172,417, $8,673, $42,679 and $168,269, respectively. For the three months ended March 31, 2015, management fees for Class A, Class B, Original Class B, Special Interests and Institutional Interests were $435,046, $229,862, $12,663, $38,929 and $183,680, respectively. General Partner’s Interest and Original Class A Interests did not get charged the management fee.

5. SERVICE FEES

5. SERVICE FEES	3 Months Ended
	Mar. 31, 2016
Notes to Financial Statements
SERVICE FEES	NOTE 5 - SERVICE FEES Original Class A Interests and Class A Interests pay selling agents an ongoing monthly payment of 0.166% of the month-end net asset value (2% annually) of the value of interests sold by them which are outstanding at month-end as compensation for their continuing services to the Limited Partners. Institutional Interests may pay selling agents, if the selling agent so elects, an ongoing monthly payment of 0.0417% (0.50% annually) of the value of Institutional Interests sold by them which are outstanding at month-end as compensation for their continuing services to the Limited Partners holding Institutional Interests. For the three months ended March 31, 2016, service fees for General Partner’s Interest, Class A, Original Class A and Institutional Interests were $20, $770,572, $99,892 and $2,892, respectively. For the three months ended March 31, 2015, service fees for General Partner’s Interest, Class A, Original Class A and Institutional Interests were $20, $874,835, $116,621 and $2,964, respectively. Class B, Original Class B and Special Interests did not get charged the service fees.

6. BROKERAGE COMMISSIONS AND CH

6. BROKERAGE COMMISSIONS AND CHARGES	3 Months Ended
	Mar. 31, 2016
Brokers and Dealers [Abstract]
BROKERAGE COMMISSIONS AND CHARGES	NOTE 6 - BROKERAGE COMMISSIONS AND CHARGES The Partnership is subject to monthly brokerage charges equal to the greater of: (A) actual commissions and expenses paid to the Clearing Broker by the Partnership; or (B) an amount equal to 0.125% of the management fee net asset value of all Limited Partners’ month-end capital account balances (1.50% annually) (the “Minimum Amount”). If actual commissions and expenses paid to the Clearing Broker in a month (in (A) above) are less than the Minimum Amount, the Partnership will pay to the Introducing Broker the difference as payment for brokerage-related services, including, but not limited to, monitoring trade, execution, clearing, custodial and distribution services provided to the Partnership. If actual commissions and expenses paid to the Clearing Broker in a month (in (A) above) are greater than the Minimum Amount, the Partnership pays only the amounts described in (A) above. The Partnership’s payment of brokerage commissions to the Clearing Broker for clearing trades on its behalf, and payments to the Introducing Broker for brokerage-related services, if any, are reflected on the Statements of Income (Loss) as Brokerage Commissions.

7. FINANCIAL DERIVATIVE INSTRUM

7. FINANCIAL DERIVATIVE INSTRUMENTS	3 Months Ended
	Mar. 31, 2016
Derivative Instruments and Hedging Activities Disclosure [Abstract]
FINANCIAL DERIVATIVE INSTRUMENTS	NOTE 7 - FINANCIAL DERIVATIVE INSTRUMENTS The Partnership engages in the speculative trading of futures, options on futures, and forward currency contracts for the purpose of achieving capital appreciation. None of the Partnership’s derivative instruments are designated as hedging instruments, as defined in the Derivatives and Hedging The following presents the fair value of derivatives contracts at March 31, 2016 and December 31, 2015. The fair value of derivatives contracts is presented as an asset if in a gain position and a liability if in a loss position. Fair value is presented on a gross basis in the table below even though the futures and forward contracts qualify for net presentation in the Statement of Financial Condition. March 31, 2016 Asset Liability Type of Derivatives Derivatives Net Derivatives Contracts Fair Value Fair Value Fair Value Futures Contracts Agriculture $ 607,035 $ (736,385 ) $ (129,350 ) Currencies 386,528 (2,613,014 ) (2,226,486 ) Energy 304,912 (244,021 ) 60,891 Interest Rates 4,229,214 (232,000 ) 3,997,214 Metals 85,016 (770,718 ) (685,702 ) Stock Indices 1,312,157 (1,411,244 ) (99,087 ) Treasury Rates - (547,328 ) (547,328 ) $ 6,924,862 $ (6,554,710 ) $ 370,152 Forward Currency Contracts $ 3,950,948 $ (1,779,161 ) $ 2,171,787 Total Gross Fair Value of Derivatives Contracts $ 10,875,810 $ (8,333,871 ) $ 2,541,939 December 31, 2015 Asset Liability Type of Derivatives Derivatives Net Derivatives Contracts Fair Value Fair Value Fair Value Futures Contracts Agriculture $ 826,890 $ (372,982 ) $ 453,908 Currencies 1,639,413 (118,455 ) 1,520,958 Energy 1,104,694 (610,719 ) 493,975 Interest Rates 989,590 (2,176,759 ) (1,187,169 ) Metals 1,473,464 (217,943 ) 1,255,521 Stock Indices 726,860 (599,754 ) 127,106 Treasury Rates - (225,235 ) (225,235 ) $ 6,760,911 $ (4,321,847 ) $ 2,439,064 Forward Currency Contracts $ 1,272,922 $ (1,666,973 ) $ (394,051 ) Total Gross Fair Value of Derivatives Contracts $ 8,033,833 $ (5,988,820 ) $ 2,045,013 The following presents the trading results of the Partnership’s derivative trading and information related to the volume of the Partnership’s derivative activity for the three months ended March 31, 2016 and 2015. The below captions of “Realized” and “Change in Unrealized” correspond to the captions in the Statements of Income (Loss) for gain (loss) on trading of derivatives contracts. Three Months ended March 31, 2016 Type of Change in Number of Derivatives Contracts Realized Unrealized Contracts Closed Futures Contracts Agricultural $ 804,166 $ (583,258 ) Currencies 253,561 (3,747,444 ) Energy 2,861,645 (433,084 ) Interest Rates 8,403,924 5,184,383 Metals (4,156,812 ) (1,941,223 ) Stock Indices (2,296,793 ) (226,193 ) Treasury Rates 2,914,297 (322,093 ) $ 8,783,988 $ (2,068,912 ) 21,211 Forward Currency Contracts $ (960,787 ) $ 2,565,838 $ 164,930,481,616 (1) Total gain (loss) from derivatives contracts $ 7,823,201 $ 496,926 Three Months ended March 31, 2015 Type of Change in Number of Derivatives Contracts Realized Unrealized Contracts Closed Futures Contracts Agricultural $ (56,325 ) $ 990,531 Currencies 11,375,686 (2,516,213 ) Energy 1,312,124 (872,199 ) Interest Rates 7,837,248 217,868 Metals (712,964 ) (1,481,793 ) Stock Indices 8,865,738 (1,760,936 ) Treasury Rates 191,267 1,209,428 $ 28,812,774 $ (4,213,314 ) 24,731 Forward Currency Contracts $ (3,122,135 ) $ 1,735,900 $ 220,339,871,003 (1) Total gain (loss) from derivatives contracts $ 25,690,639 $ (2,477,414 ) (1) Represents the notional amount bought or sold during the three months ended March 31, 2016 and 2015. The number of contracts closed using average cost for long contracts of 577,820 and 545,057 and short contracts of (404,903) and (536,244) for the three months ended March 31, 2016 and 2015, respectively. With respect to futures contracts and options on futures contracts, the Partnership has entered into an agreement with the Clearing Broker which grants the Clearing Broker the right to offset recognized derivative assets and derivative liabilities if certain conditions exist, which would require the Clearing Broker to liquidate the Partnership’s positions. These events include the following: (i) the Clearing Broker is directed or required by a regulatory or self-regulatory organization, (ii) the Clearing Broker determines, at its discretion, that the risk in the Partnership’s account must be reduced for protection of the Clearing Broker, (iii) upon the Partnership’s breach or failure to perform on its contractual agreements with the Clearing Broker, (iv) upon the commencement of bankruptcy, insolvency or similar proceeding for the protection of creditors against the Partnership, or (v) upon the dissolution, winding-up, liquidation or merger of the Partnership. With respect to foreign currency forward contracts, the Partnership has entered into an agreement with the Clearing Broker, whereby the party having the greater obligation (either the Partnership or the Clearing Broker) shall deliver to the other party at the settlement date the net amount of recognized derivative assets and liabilities. The following table summarizes the disclosure requirements for offsetting assets and liabilities: Offsetting the Financial Assets and Derivative Assets As of March 31, 2016 Gross Amounts Not Offset in the Statement of Financial Condition Gross Amounts of Recognized Assets Gross Amounts Offset in the Statement of Financial Condition Net Amounts of Assets Presented in the Statement of Financial Condition Financial Instruments Cash Collateral Received (1) Net Amount Description Forward contracts 3,950,948 (1,779,161 ) 2,171,787 - - 2,171,787 Commodity futures contracts 6,924,862 (6,554,710 ) 370,152 - - 370,152 Total 10,875,810 (8,333,871 ) 2,541,939 - - 2,541,939 Offsetting the Financial Liabilities and Derivative Liabilities As of March 31, 2016 Gross Amounts Not Offset in the Statement of Financial Condition Gross Amounts of Recognized Liabilities Gross Amounts Offset in the Statement of Financial Condition Net Amounts of Liabilities Presented in the Statement of Financial Condition Financial Instruments Cash Collateral Pledged (1) Net Amount Description Forward contracts (1,779,161 ) 1,779,161 - - - - Commodity futures contracts (6,554,710 ) 6,554,710 - - - - Total (8,333,871 ) 8,333,871 - - - - Offsetting the Financial Assets and Derivative Assets As of December 31, 2015 Gross Amounts Not Offset in the Statement of Financial Condition Gross Amounts of Recognized Assets Gross Amounts Offset in the Statement of Financial Condition Net Amounts of Assets Presented in the Statement of Financial Condition Financial Instruments Cash Collateral Received (1) Net Amount Description Forward contracts 1,272,922 (1,272,922 ) - - - - Commodity futures contracts 6,760,911 (4,321,847 ) 2,439,064 - - 2,439,064 Total 8,033,833 (5,594,769 ) 2,439,064 - - 2,439,064 Offsetting the Financial Liabilities and Derivative Liabilities As of December 31, 2015 Gross Amounts Not Offset in the Statement of Financial Condition Gross Amounts of Recognized Liabilities Gross Amounts Offset in the Statement of Financial Condition Net Amounts of Liabilities Presented in the Statement of Financial Condition Financial Instruments Cash Collateral Pledged (1) Net Amount Description Forward contracts (1,666,973 ) 1,272,922 (394,051 ) - - (394,051 ) Commodity futures contracts (4,321,847 ) 4,321,847 - - - - Total (5,988,820 ) 5,594,769 (394,051 ) - - (394,051 ) (1) The Partnership posted additional collateral of $28,464,571 for 2016 & $32,426,371 for 2015, respectively, with the Clearing Broker. The Partnership may post collateral due to a variety of factors that may include, without limitation, initial margin or other requirements that are based on notional amounts which may exceed the fair value of the derivative contract.

8. FINANCIAL INSTRUMENTS, OFF-B

8. FINANCIAL INSTRUMENTS, OFF-BALANCE SHEET RISKS AND UNCERTAINTIES	3 Months Ended
	Mar. 31, 2016
Investments, All Other Investments [Abstract]
FINANCIAL INSTRUMENTS, OFF-BALANCE SHEET RISKS AND UNCERTAINTIES	NOTE 8 - FINANCIAL INSTRUMENTS, OFF-BALANCE SHEET RISKS AND UNCERTAINTIES The Partnership participates in the speculative trading of commodity futures contracts, options on futures contracts and forward currency contracts, substantially all of which are subject to margin requirements. The minimum amount of margin required for each contract is set from time to time in response to various market factors by the respective exchanges and interbank market makers. Further for futures contracts and options on futures contracts, the Clearing Broker has the right to require margin in excess of the minimum exchange requirement. Risk arises from changes in the value of these contracts (market risk) and the potential inability of brokers or interbank market makers to perform under the terms of their contracts (credit risk). The risks associated with exchange-traded contracts are generally perceived to be less than those associated with over the counter transactions because, in over-the-counter transactions, the Partnership must rely solely on the credit of its respective individual counterparties. For forward currency contracts, the Partnership is subject to the credit risk associated with counterparty non-performance. The credit risk from counterparty non-performance associated with such instruments is the net unrealized gain on forward currency contracts. All of the contracts, with the exception of forward currency contracts, currently traded by the Partnership are exchange traded. The risks associated with exchange-traded contracts are generally perceived to be less than those associated with over-the-counter transactions because, in over-the-counter transactions, the Partnership must rely solely on the credit of its respective individual counterparties. However, in the future, if the Partnership were to enter into non-exchange traded contracts, it would be subject to the credit risk associated with counterparty non-performance. The credit risk from counterparty non-performance associated with such instruments is the net unrealized gain, if any. The Partnership also has credit risk since the sole counterparty to all domestic futures contracts is the exchange clearing corporation. In addition, the Partnership bears the risk of financial failure by the Clearing Broker. The Partnership's policy is to continuously monitor its exposure to market and counterparty risk through the use of a variety of financial, position and credit exposure reporting and control procedures. In addition, the Partnership has a policy of reviewing the credit standing of each clearing broker or counterparty with which it conducts business. The Partnership has a substantial portion of its assets on deposit with the Custodian in U.S. government agency bonds and notes and corporate notes. Risks arise from investments in bonds and notes due to possible illiquidity and the potential for default by the issuer or counterparty. Such instruments are also sensitive to changes in interest rates and economic conditions.

9. INDEMNIFICATIONS

9. INDEMNIFICATIONS	3 Months Ended
	Mar. 31, 2016
Commitments and Contingencies Disclosure [Abstract]
INDEMNIFICATIONS	NOTE 9 - INDEMNIFICATIONS In the normal course of business, the Partnership enters into contracts and agreements that contain a variety of representations and warranties and which provide general indemnifications. The Partnership’s maximum exposure under these arrangements is unknown, as this would involve future claims that may be made against the Partnership that have not yet occurred. The Partnership expects the risk of any future obligation under these indemnifications to be remote.

10. FINANCIAL HIGHLIGHTS

10. FINANCIAL HIGHLIGHTS	3 Months Ended
	Mar. 31, 2016
Quarterly Financial Information Disclosure [Abstract]
FINANCIAL HIGHLIGHTS	NOTE 10 - FINANCIAL HIGHLIGHTS The following information presents the financial highlights of the Partnership for the three months ended March 31, 2016 and 2015. This information has been derived from information presented in the financial statements. Three months ended March 31, 2016 Original Original Special Institutional Class A Class B Interests Class A Class B Interests Total return for Limited Partners (3) Return prior to incentive fees 1.41 % 1.67 % 1.73 % 0.95 % 1.46 % 1.66 % Incentive fees (0.00 )% (0.00 )% (0.00 )% (0.02 )% (0.03 )% (0.00 )% Total return after incentive fees 1.41 % 1.67 % 1.73 % 0.93 % 1.43 % 1.66 % Ratio to average net asset value Expenses prior to incentive fees (2) 3.28 % 2.20 % 2.03 % 5.12 % 3.08 % 2.30 % Incentive fees (3) 0.00 % 0.01 % 0.00 % 0.03 % 0.03 % 0.00 % Total expenses 3.28 % 2.21 % 2.03 % 5.15 % 3.11 % 2.30 % Net investment (loss) (1) (2) (3.04 )% (1.97 )% (1.79 )% (4.88 )% (2.84 )% (2.06 )% Three months ended March 31, 2015 Original Original Special Institutional Class A Class B Interests Class A Class B Interests Total return for Limited Partners (3) Return prior to incentive fees 4.99 % 5.25 % 5.32 % 4.52 % 5.04 % 5.25 % Incentive fees (1.15 )% (1.15 )% (1.16 )% (1.15 )% (1.16 )% (1.16 )% Total return after incentive fees 3.84 % 4.10 % 4.16 % 3.37 % 3.88 % 4.09 % Ratio to average net asset value Expenses prior to incentive fees (2) 3.25 % 2.24 % 1.98 % 5.12 % 3.09 % 2.26 % Incentive fees (3) 1.13 % 1.14 % 1.13 % 1.14 % 1.15 % 1.13 % Total expenses 4.38 % 3.38 % 3.11 % 6.26 % 4.24 % 3.39 % Net investment (loss) (1) (2) (3.15 )% (2.14 )% (1.88 )% (5.02 )% (2.99 )% (2.16 )% Total return and the ratios to average net asset value are calculated for each class of Limited Partners’ capital taken as a whole. An individual Limited Partner’s total return and ratios may vary from the above returns and ratios due to the timing of their contributions and withdrawals and differing fee structures. (1) Excludes incentive fee. (2) Annualized. (3) Not annualized.

11. SUBSEQUENT EVENTS

11. SUBSEQUENT EVENTS	3 Months Ended
	Mar. 31, 2016
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	NOTE 11 - SUBSEQUENT EVENTS Management of the Partnership evaluated subsequent events through the date these financial statements were available to be issued, and concluded that no events subsequent to March 31, 2016 have occurred that would require recognition or disclosure, except as noted below. From April 1, 2016 through May 13, 2016, the Partnership had subscriptions of $2,657,342.

1. ORGANIZATION AND SIGNIFICA20

1. ORGANIZATION AND SIGNIFICANT ACCOUNTING POLICIES (Policies)	3 Months Ended
	Mar. 31, 2016
Accounting Policies [Abstract]
Method of Reporting	B. Method of Reporting The Partnership’s financial statements are presented in accordance with U.S. generally accepted accounting principles (“U.S. GAAP”). Therefore, the Partnership follows the accounting and reporting guidelines for investment companies. The preparation of the financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported fair value of assets and liabilities, disclosures of contingent assets and liabilities as of March 31, 2016 and December 31, 2015, and reported amounts of income and expenses for the three months ended March 31, 2016 and 2015, respectively. Management believes that the estimates utilized in preparing the Partnership’s financial statements are reasonable; however, actual results could differ from these estimates and it is reasonably possible that differences could be material. The financial information included herein is unaudited; however, such financial information reflects all adjustments which are, in the opinion of the General Partner, necessary for the fair presentation of the financial statements for the interim period.
Fair Value	C. Fair Value In accordance with the authoritative guidance under U.S. GAAP, fair value is defined as the price that would be received to sell an asset or paid to transfer a liability (i.e. the “exit price”) in an orderly transaction between market participants at the measurement date. In determining fair value, the Partnership uses various valuation approaches. The authoritative guidance under U.S. GAAP establishes a fair value hierarchy for inputs used in measuring fair value that maximizes the use of observable inputs and minimizes the use of unobservable inputs by requiring that the most observable inputs be used when available. Observable inputs are those that market participants would use in pricing the asset or liability based on market data obtained from sources independent of the Partnership. Unobservable inputs reflect the Partnership’s assumption about the inputs market participants would use in pricing the asset or liability developed based on the best information available in the circumstances. The fair value hierarchy is categorized into three levels based on the inputs as follows: Level 1 - Unadjusted quoted prices in active markets for identical, unrestricted assets or liabilities that the Partnership has the ability to access at the measurement date; Level 2 - Quoted prices which are not active, or inputs that are observable (either directly or indirectly) for substantially the full term of the asset or liability; and Level 3 - Prices, inputs or exotic modeling techniques which are both significant to the fair value measurement and unobservable (supported by little or no market activity). The availability of valuation techniques and observable inputs can vary from assets and liabilities and is affected by a wide variety of factors, including the type of asset or liability, whether the asset or liability is new and not yet established in the marketplace, and other characteristics particular to the transaction. To the extent that valuation is based on models or inputs that are less observable or unobservable in the market, the determination of fair value requires more judgment. Those estimated values do not necessarily represent the amounts that may be ultimately realized due to the occurrence of future circumstances that cannot be reasonably determined. Because of the inherent uncertainty of valuation, those estimated values may be materially higher or lower than the values that would have been used had a ready market for the asset or liability existed. Accordingly, the degree of judgment exercised by the Partnership in determining fair value is greatest for assets and liabilities categorized in Level 3. In certain cases, the inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, for disclosure purposes, the level in the fair value hierarchy within which the fair value measurement falls in its entirety is determined by the lowest level input that is significant to the fair value measurement. Fair value is a market-based measure considered from the perspective of a market participant rather than an entity-specific measure. Therefore, even when market assumptions are not readily available, the Partnership’s own assumptions are set to reflect those that market participants would use in pricing the asset or liability at the measurement date. The Partnership uses prices and inputs that are current as of the measurement date, including prices and inputs during periods of market dislocation. In periods of market dislocation, the observability of prices and inputs may be reduced for many assets and liabilities. This condition could cause an asset or liability to be recla s The Partnership values futures and options on futures contracts at the closing price of the contract’s primary exchange. The Partnership includes futures and options on futures contracts in Level 1 of the fair value hierarchy, as they are exchange traded derivatives. Foreign currency exchange contracts and foreign cross currency exchange contracts are valued at the mean between the bid and ask prices, which approximates fair value. Interpolated values are derived when the settlement date of the contract is an interim date for which quotations are not available. The Partnership includes forward currency contracts in Level 2 of the fair value hierarchy. The fair value of U.S. government agency bonds and notes is generally based on quoted prices in active markets. When quoted prices are not available, fair value is determined based on a valuation model that uses inputs that include interest-rate yield curves, cross-currency-basis index spreads, and country credit spreads similar to the bond in terms of issue, maturity and seniority. U.S. government bonds are categorized in Levels 1 or 2 of the fair value hierarchy. As of March 31, 2016 or December 31, 2015, none of the Partnership’s holdings in U.S. government agency bonds and notes were fair valued using valuation models. The fair value of U.S. treasury obligations is generally based on quoted prices in active markets. U.S. treasury obligations are categorized in Level 1 of the fair value hierarchy. The fair value of corporate notes is determined using recently executed transactions, market price quotations (where observable), notes spreads or credit default swap spreads. The spread data used are for the same maturity as that of the notes. If the spread data does not reference the issuer, data that references a comparable issuer is used. When observable price quotations are not available, fair value is determined based on cash flow models with yield curves, bond, or single-name credit default swap spreads and recovery rates based on collateral values as key inputs. These valuation methods represent both a market and income approach to fair value measurement. Corporate notes are categorized in Level 2 of the fair value hierarchy; however, in instances where significant inputs are unobservable, they are categorized in Level 3 of the hierarchy. As of March 31, 2016 or December 31, 2015, none of the Partnership’s holdings in corporate notes were fair valued using valuation models. The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. There were no changes to the Partnership’s valuation methodology during the three months ended March 31, 2016 and the year ended December 31, 2015. The following table presents information about the Partnership’s assets and liabilities measured at fair value as March 31, 2016 and December 31, 2015: March 31, 2016 Level 1 Level 2 Level 3 Balance as of March 31, 2016 Assets: Futures contracts (1) $ 6,924,862 $ - $ - $ 6,924,862 Forward currency contracts (1) - 3,950,948 - 3,950,948 U.S. Government agency bonds and notes 206,348,026 - - 206,348,026 Corporate notes - 73,987,336 - 73,987,336 U.S. Treasury Obligations 5,991,054 - - 5,991,054 $ 219,263,942 $ 77,938,284 $ - $ 297,202,226 Liabilities: Futures contracts (1) $ (6,554,710 ) $ - $ - $ (6,554,710 ) Forward currency contracts (1) - (1,779,161 ) - (1,779,161 ) $ (6,554,710 ) $ (1,779,161 ) $ - $ (8,333,871 ) December 31, 2015 Level 1 Level 2 Level 3 Balance as of December 31, 2015 Assets: Futures contracts (1) $ 6,760,911 $ - $ - $ 6,760,911 Forward currency contracts (1) - 1,272,922 - 1,272,922 U.S. Government agency bonds and notes 174,304,973 - - 174,304,973 Corporate notes - 116,533,869 - 116,533,869 $ 181,065,884 $ 117,806,791 $ - $ 298,872,675 Liabilities: Futures contracts (1) $ (4,321,847 ) $ - $ - $ (4,321,847 ) Forward currency contracts (1) - (1,666,973 ) - (1,666,973 ) $ (4,321,847 ) $ (1,666,973 ) $ - $ (5,988,820 ) (1) See Note 7. "Financial Derivative Instruments" for the fair value in each type of contracts within this category. For the three months ended March 31, 2016 and the year ended December 31, 2015, there were no transfers between Level 1 and Level 2 assets and liabilities. For the three months ended March 31, 2016 and the year ended December 31, 2015, there were no Level 3 securities.
Investment Transactions and Investment Income	D. Investment Transactions and Investment Income Security transactions are recorded on the trade date for financial reporting purposes. Realized gains and losses from security transactions are determined using the specific identification cost method. Change in net unrealized gain or loss from the preceding period is reported in the Statements of Income (Loss). Brokerage commissions and other trading fees are reflected as an adjustment to cost or proceeds at the time of the transaction. Interest income is recorded on an accrual basis. Gains or losses on futures contracts, options on futures contracts and forward currency contracts are realized when contracts are closed. Net unrealized gains or losses on open contracts (the difference between contract trade price and quoted market price) are reflected in the Statements of Financial Condition. Any change in net unrealized gain or loss from the preceding period is reported in the Statements of Income (Loss). Brokerage commissions on futures and options on futures contracts include other trading fees and are incurred as an expense when contracts are opened, and are recognized as trading gains and losses. Net realized gains and losses from foreign currency related transactions represent gains and losses from sales of foreign currencies, sales and maturities of futures contracts in foreign markets and foreign currency forward contracts, currency gains and losses realized between trade and settlement dates on securities transactions, and the difference between the amounts of interest and foreign withholding taxes recorded on the Partnership’s books and the U.S. Dollar equivalent of the amounts actually received or paid. Net unrealized appreciation (depreciation) on other assets and other liabilities denominated in foreign currency arise from changes in the value of assets, other than investments in securities, and liabilities at fiscal year end, resulting from changes in the exchange rates. J.P. Morgan Chase Bank, N.A. (the “Custodian”) is the Partnership’s custodian. SG Americas Securities, LLC (the “Clearing Broker”) is the Partnership’s commodity broker. A portion of the Partnership’s assets are held as initial margin or option premiums (in cash or Treasury securities) in the Partnership’s brokerage accounts at the Clearing Broker. The Partnership’s assets not deposited at the Clearing Broker are deposited with either the Custodian or held in bank cash accounts at Northern Trust Company (and used to pay Partnership operating expenses). For the Partnership’s cash deposited at the Custodian. the Partnership receives cash management services from J.P. Morgan Investment Management Inc. (“JPMIM”).
Option Contracts	E. Option Contracts Generally, an option is a contract that gives the purchaser of the option, in return for the premium paid, the right to buy a specified security, currency or other instrument (an ‘‘underlying instrument’’) from the writer of the option (in the case of a call option), or to sell a specified security, currency, or other instrument to the writer of the option (in the case of put option) at a designated price. Put and call options that the Partnership may purchase or write may be traded on a national securities exchange or in the over-the-counter (OTC) market. All option positions entered into on a national securities exchange are cleared and guaranteed by the Options Clearing Corporation, thereby reducing the risk of counterparty default. There can be no assurance that a liquid secondary market will exist for any option purchased or sold. As the buyer of an option, the Partnership has a right to buy (call option) or sell (put option) the underlying instrument at the exercise price. The Partnership may enter into closing sale transactions with respect to options, exercise them, or permit them to expire unexercised. When buying options, the potential loss is limited to the cost (premium plus transaction costs) of the option. As the writer of a put option, the Partnership has the obligation to buy (call option) or sell (put option) the underlying instrument at the exercise price. When the Partnership writes an option, an amount equal to the premium received by the Partnership is recorded as a liability and subsequently marked to market to reflect the current value of the option written. If the written option expires unexercised, the Partnership realizes a gain in the amount of the premium received. If the Partnership enters into a closing transaction, it recognizes a gain or loss, depending on whether the cost of the purchase is less than or greater than the premium received. If the option is exercised, the Partnership will incur a loss to the extent the difference between the current market value of the underlying instrument and the exercise price exceeds the premium received. As the writer of a call option, the Partnership retains the risk of loss should the underlying instrument increase in value. If the option is exercised, the Partnership will be required to buy or sell the instrument at the exercise price. Accordingly, these transactions result in off-balance sheet risk, as the Partnership’s ultimate obligation may exceed the amount indicated in the Statements of Financial Condition. As of March 31, 2016 and December 31, 2015 the Partnership did not hold any option contracts.
Futures Contracts	F. Futures Contracts The Partnership may engage in futures contracts as part of its investment strategy. Upon entering into a futures contract, the Partnership is required to deposit with the broker an amount of cash or cash equivalents equal to a certain percentage of the contract amount. This is known as the initial margin. Subsequent payments (“variation margin”) are made or received by the Partnership each day, depending on the daily fluctuations in the value of the contract, and are included in unrealized gain/loss on futures contracts. Due to broker amounts on the Statements of Financial Condition represent the amount of any short fall in the Fund's required cash margin. The Partnership recognizes a realized gain or loss when the contract is closed. There are several risks in connection with the use of futures contracts as an investment option. The change in value of futures contracts primarily corresponds with the value of their underlying instruments. In addition, there is the risk that the Partnership may not be able to enter into a closing transaction because of an illiquid secondary market. Open positions in futures contracts at March 31, 2016 and December 31, 2015 are reflected within the Condensed Schedules of Investments.
Forward currency contracts	G. Forward currency contracts Forward currency contracts may be entered into as an economic hedge against foreign currency exchange rate risk related to portfolio positions. A forward currency contract is an obligation to purchase or sell a currency against another currency at a future date at an agreed upon price and quantity. Forward currency contracts are traded over-the-counter and not on an organized exchange. Forward currency contracts help to manage the overall exposure to the foreign currency backing some of the investments held by the Partnership. Each contract is marked-to-market daily and the change in market value is recorded by the Partnership as an unrealized appreciation or depreciation. When the contract is closed, the Partnership records a realized gain or loss equal to the difference between the value at the time it was opened and the value at the time it was closed. The use of forward currency contracts involves the risk that counterparties may not meet the terms of the agreement or unfavorable movements in the value of a foreign currency relative to the U.S. dollar. Open forward currency contracts at March 31, 2016 and December 31, 2015 are reflected within the Condensed Schedules of Investments.
Foreign Currency Transactions	H. Foreign Currency Transactions The Partnership’s functional currency is the U.S. dollar; however, it may transact business in currencies other than the U.S. dollar. Assets and liabilities denominated in currencies other than the U.S. dollar are translated into U.S. dollars at the rates in effect at the date of the Statements of Financial Condition. Income and expense items denominated in currencies other than the U.S. dollar are translated into U.S. dollars at the rates in effect during the period. Gains and losses resulting from the translation to U.S. dollars are reported in the Statements of Income (Loss).
Cash	I. Cash The Partnership maintains a custody account with JPMorgan Chase Bank, N.A. At times, the Partnership’s cash balance could exceed the insured amount under the Federal Deposit Insurance Corporation (“FDIC”). The Partnership has not experienced any losses in such accounts and believes it is not subject to any significant counterparty risk related to its cash account. Both restricted cash and restricted foreign currency are held as margin collateral for futures transactions.
Offering Costs	J. Offering Costs Offering costs incurred in connection with the ongoing offering of the Partnership’s interests are borne by the Partnership. These costs include, but are not limited to, legal fees pertaining to updating the Partnership’s offering documents and materials, accounting and printing costs. These costs are charged as an expense when incurred.
Income Taxes	K. Income Taxes As an entity taxable as a partnership for the U.S. Federal Income tax purposes; the Partnership itself is not subject to Federal Income tax. The Partnership prepares and files calendar year U.S. and applicable state information tax returns and reports to the partners their allocable shares of the Partnership’s income and expenses. The Partnership is required to determine whether its tax positions are more likely than not to be sustained upon examination by the applicable taxing authority, including resolution of any related appeals or litigation processes, based on the technical merits of the position. The tax benefit recognized is measured as the largest amount of benefit that has a greater than fifty percent likelihood of being realized upon ultimate settlement with the relevant taxing authority. De-recognition of a tax benefit previously recognized results in the Partnership recording a tax liability that reduces ending partners’ capital. Based on its analysis, the Partnership has determined that it has not incurred any liability for unrecognized tax benefits as of March 31, 2016 or December 31, 2015. However, the Partnership’s conclusions may be subject to review and adjustment at a later date based on factors including, but not limited to, on-going analyses of and changes to tax laws, regulations and interpretations thereof. The Partnership is subject to income tax examinations by major taxing authorities for all tax years since 2012. The Partnership recognizes interest and penalties related to unrecognized tax benefits in interest expense and other expenses, respectively. No interest expense or penalties have been recognized as of and for the three months ended March 31, 2016 or for the year ended December 31, 2015.

1. ORGANIZATION AND SIGNIFICA21

1. ORGANIZATION AND SIGNIFICANT ACCOUNTING POLICIES (Tables)	3 Months Ended
	Mar. 31, 2016
Accounting Policies [Abstract]
Partnership's assets and liabilities measured at fair value	March 31, 2016 Level 1 Level 2 Level 3 Balance as of March 31, 2016 Assets: Futures contracts (1) $ 6,924,862 $ - $ - $ 6,924,862 Forward currency contracts (1) - 3,950,948 - 3,950,948 U.S. Government agency bonds and notes 206,348,026 - - 206,348,026 Corporate notes - 73,987,336 - 73,987,336 U.S. Treasury Obligations 5,991,054 - - 5,991,054 $ 219,263,942 $ 77,938,284 $ - $ 297,202,226 Liabilities: Futures contracts (1) $ (6,554,710 ) $ - $ - $ (6,554,710 ) Forward currency contracts (1) - (1,779,161 ) - (1,779,161 ) $ (6,554,710 ) $ (1,779,161 ) $ - $ (8,333,871 ) December 31, 2015 Level 1 Level 2 Level 3 Balance as of December 31, 2015 Assets: Futures contracts (1) $ 6,760,911 $ - $ - $ 6,760,911 Forward currency contracts (1) - 1,272,922 - 1,272,922 U.S. Government agency bonds and notes 174,304,973 - - 174,304,973 Corporate notes - 116,533,869 - 116,533,869 $ 181,065,884 $ 117,806,791 $ - $ 298,872,675 Liabilities: Futures contracts (1) $ (4,321,847 ) $ - $ - $ (4,321,847 ) Forward currency contracts (1) - (1,666,973 ) - (1,666,973 ) $ (4,321,847 ) $ (1,666,973 ) $ - $ (5,988,820 ) (1) See Note 7. "Financial Derivative Instruments" for the fair value in each type of contracts within this category.

3. RELATED PARTY TRANSACTIONS (

3. RELATED PARTY TRANSACTIONS (Tables)	3 Months Ended
	Mar. 31, 2016
Related Party Transactions Tables
Fees paid to Altegris Investments and Altegris Futures	Three months ended March 31, 2016 Three months ended March 31, 2015 Altegris Clearing Solutions - Brokerage Commission fees $ 1,040,476 $ 1,161,367 Altegris Investments- Service fees 128,636 151,984 Total $ 1,169,112 $ 1,313,351

7. FINANCIAL DERIVATIVE INSTR23

7. FINANCIAL DERIVATIVE INSTRUMENTS (Tables)	3 Months Ended
	Mar. 31, 2016
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Fair value of derivative contracts	March 31, 2016 Asset Liability Type of Derivatives Derivatives Net Derivatives Contracts Fair Value Fair Value Fair Value Futures Contracts Agriculture $ 607,035 $ (736,385 ) $ (129,350 ) Currencies 386,528 (2,613,014 ) (2,226,486 ) Energy 304,912 (244,021 ) 60,891 Interest Rates 4,229,214 (232,000 ) 3,997,214 Metals 85,016 (770,718 ) (685,702 ) Stock Indices 1,312,157 (1,411,244 ) (99,087 ) Treasury Rates - (547,328 ) (547,328 ) $ 6,924,862 $ (6,554,710 ) $ 370,152 Forward Currency Contracts $ 3,950,948 $ (1,779,161 ) $ 2,171,787 Total Gross Fair Value of Derivatives Contracts $ 10,875,810 $ (8,333,871 ) $ 2,541,939 December 31, 2015 Asset Liability Type of Derivatives Derivatives Net Derivatives Contracts Fair Value Fair Value Fair Value Futures Contracts Agriculture $ 826,890 $ (372,982 ) $ 453,908 Currencies 1,639,413 (118,455 ) 1,520,958 Energy 1,104,694 (610,719 ) 493,975 Interest Rates 989,590 (2,176,759 ) (1,187,169 ) Metals 1,473,464 (217,943 ) 1,255,521 Stock Indices 726,860 (599,754 ) 127,106 Treasury Rates - (225,235 ) (225,235 ) $ 6,760,911 $ (4,321,847 ) $ 2,439,064 Forward Currency Contracts $ 1,272,922 $ (1,666,973 ) $ (394,051 ) Total Gross Fair Value of Derivatives Contracts $ 8,033,833 $ (5,988,820 ) $ 2,045,013
Trading results of the Partnership's derivative trading and information related to the volume of the Partnership's derivative activity	Three Months ended March 31, 2016 Type of Change in Number of Derivatives Contracts Realized Unrealized Contracts Closed Futures Contracts Agricultural $ 804,166 $ (583,258 ) Currencies 253,561 (3,747,444 ) Energy 2,861,645 (433,084 ) Interest Rates 8,403,924 5,184,383 Metals (4,156,812 ) (1,941,223 ) Stock Indices (2,296,793 ) (226,193 ) Treasury Rates 2,914,297 (322,093 ) $ 8,783,988 $ (2,068,912 ) 21,211 Forward Currency Contracts $ (960,787 ) $ 2,565,838 $ 164,930,481,616 (1) Total gain (loss) from derivatives contracts $ 7,823,201 $ 496,926 Three Months ended March 31, 2015 Type of Change in Number of Derivatives Contracts Realized Unrealized Contracts Closed Futures Contracts Agricultural $ (56,325 ) $ 990,531 Currencies 11,375,686 (2,516,213 ) Energy 1,312,124 (872,199 ) Interest Rates 7,837,248 217,868 Metals (712,964 ) (1,481,793 ) Stock Indices 8,865,738 (1,760,936 ) Treasury Rates 191,267 1,209,428 $ 28,812,774 $ (4,213,314 ) 24,731 Forward Currency Contracts $ (3,122,135 ) $ 1,735,900 $ 220,339,871,003 (1) Total gain (loss) from derivatives contracts $ 25,690,639 $ (2,477,414 ) (1) Represents the notional amount bought or sold during the three months ended March 31, 2016 and 2015. The number of contracts closed using average cost for long contracts of 577,820 and 545,057 and short contracts of (404,903) and (536,244) for the three months ended March 31, 2016 and 2015, respectively.
Disclosures about Offsetting Assets and Liabilities	As of March 31, 2016 Gross Amounts Not Offset in the Statement of Financial Condition Gross Amounts of Recognized Assets Gross Amounts Offset in the Statement of Financial Condition Net Amounts of Assets Presented in the Statement of Financial Condition Financial Instruments Cash Collateral Received (1) Net Amount Description Forward contracts 3,950,948 (1,779,161 ) 2,171,787 - - 2,171,787 Commodity futures contracts 6,924,862 (6,554,710 ) 370,152 - - 370,152 Total 10,875,810 (8,333,871 ) 2,541,939 - - 2,541,939 Offsetting the Financial Liabilities and Derivative Liabilities As of March 31, 2016 Gross Amounts Not Offset in the Statement of Financial Condition Gross Amounts of Recognized Liabilities Gross Amounts Offset in the Statement of Financial Condition Net Amounts of Liabilities Presented in the Statement of Financial Condition Financial Instruments Cash Collateral Pledged (1) Net Amount Description Forward contracts (1,779,161 ) 1,779,161 - - - - Commodity futures contracts (6,554,710 ) 6,554,710 - - - - Total (8,333,871 ) 8,333,871 - - - - Offsetting the Financial Assets and Derivative Assets As of December 31, 2015 Gross Amounts Not Offset in the Statement of Financial Condition Gross Amounts of Recognized Assets Gross Amounts Offset in the Statement of Financial Condition Net Amounts of Assets Presented in the Statement of Financial Condition Financial Instruments Cash Collateral Received (1) Net Amount Description Forward contracts 1,272,922 (1,272,922 ) - - - - Commodity futures contracts 6,760,911 (4,321,847 ) 2,439,064 - - 2,439,064 Total 8,033,833 (5,594,769 ) 2,439,064 - - 2,439,064 Offsetting the Financial Liabilities and Derivative Liabilities As of December 31, 2015 Gross Amounts Not Offset in the Statement of Financial Condition Gross Amounts of Recognized Liabilities Gross Amounts Offset in the Statement of Financial Condition Net Amounts of Liabilities Presented in the Statement of Financial Condition Financial Instruments Cash Collateral Pledged (1) Net Amount Description Forward contracts (1,666,973 ) 1,272,922 (394,051 ) - - (394,051 ) Commodity futures contracts (4,321,847 ) 4,321,847 - - - - Total (5,988,820 ) 5,594,769 (394,051 ) - - (394,051 ) (1) The Partnership posted additional collateral of $28,464,571 for 2016 & $32,426,371 for 2015, respectively, with the Clearing Broker. The Partnership may post collateral due to a variety of factors that may include, without limitation, initial margin or other requirements that are based on notional amounts which may exceed the fair value of the derivative contract.

10. FINANCIAL HIGHLIGHTS (Table

10. FINANCIAL HIGHLIGHTS (Tables)	3 Months Ended
	Mar. 31, 2016
Quarterly Financial Information Disclosure [Abstract]
Financial highlights of the Partnership	Three months ended March 31, 2016 Original Original Special Institutional Class A Class B Interests Class A Class B Interests Total return for Limited Partners (3) Return prior to incentive fees 1.41 % 1.67 % 1.73 % 0.95 % 1.46 % 1.66 % Incentive fees (0.00 )% (0.00 )% (0.00 )% (0.02 )% (0.03 )% (0.00 )% Total return after incentive fees 1.41 % 1.67 % 1.73 % 0.93 % 1.43 % 1.66 % Ratio to average net asset value Expenses prior to incentive fees (2) 3.28 % 2.20 % 2.03 % 5.12 % 3.08 % 2.30 % Incentive fees (3) 0.00 % 0.01 % 0.00 % 0.03 % 0.03 % 0.00 % Total expenses 3.28 % 2.21 % 2.03 % 5.15 % 3.11 % 2.30 % Net investment (loss) (1) (2) (3.04 )% (1.97 )% (1.79 )% (4.88 )% (2.84 )% (2.06 )% Three months ended March 31, 2015 Original Original Special Institutional Class A Class B Interests Class A Class B Interests Total return for Limited Partners (3) Return prior to incentive fees 4.99 % 5.25 % 5.32 % 4.52 % 5.04 % 5.25 % Incentive fees (1.15 )% (1.15 )% (1.16 )% (1.15 )% (1.16 )% (1.16 )% Total return after incentive fees 3.84 % 4.10 % 4.16 % 3.37 % 3.88 % 4.09 % Ratio to average net asset value Expenses prior to incentive fees (2) 3.25 % 2.24 % 1.98 % 5.12 % 3.09 % 2.26 % Incentive fees (3) 1.13 % 1.14 % 1.13 % 1.14 % 1.15 % 1.13 % Total expenses 4.38 % 3.38 % 3.11 % 6.26 % 4.24 % 3.39 % Net investment (loss) (1) (2) (3.15 )% (2.14 )% (1.88 )% (5.02 )% (2.99 )% (2.16 )% Total return and the ratios to average net asset value are calculated for each class of Limited Partners’ capital taken as a whole. An individual Limited Partner’s total return and ratios may vary from the above returns and ratios due to the timing of their contributions and withdrawals and differing fee structures. (1) Excludes incentive fee. (2) Annualized. (3) Not annualized.

1. ORGANIZATION AND SIGNIFICA25

1. ORGANIZATION AND SIGNIFICANT ACCOUNTING POLICIES - Partnership's assets and liabilities at fair value (Details) - USD ($)		Mar. 31, 2016	Dec. 31, 2015
Assets
Futures contracts	[1]	$ 6,924,862	$ 6,760,911
Forward currency contracts	[1]	3,950,948	1,272,922
U.S. Government agency bonds and notes		206,348,026	174,304,973
Corporate notes		73,987,336	$ 116,533,869
U.S. Treasury Obligations		5,991,054
Total Assets		297,202,226	$ 298,872,675
Liabilities
Futures contracts	[1]	(6,554,710)	(4,321,847)
Forward currency contracts	[1]	(1,779,161)	(1,666,973)
Total Liabilities		(8,333,871)	(5,988,820)
Level 1
Assets
Futures contracts	[1]	$ 6,924,862	$ 6,760,911
Forward currency contracts	[1]
U.S. Government agency bonds and notes		$ 206,348,026	$ 174,304,973
Corporate notes
U.S. Treasury Obligations		$ 5,991,054
Total Assets		219,263,942	$ 181,065,884
Liabilities
Futures contracts	[1]	$ (6,554,710)	$ (4,321,847)
Forward currency contracts	[1]
Total Liabilities		$ (6,554,710)	$ (4,321,847)
Level 2
Assets
Futures contracts	[1]
Forward currency contracts	[1]	$ 3,950,948	$ 1,272,922
U.S. Government agency bonds and notes
Corporate notes		$ 73,987,336	$ 116,533,869
U.S. Treasury Obligations
Total Assets		$ 77,938,284	$ 117,806,791
Liabilities
Futures contracts	[1]
Forward currency contracts	[1]	$ (1,779,161)	$ (1,666,973)
Total Liabilities		$ (1,779,161)	$ (1,666,973)
Level 3
Assets
Futures contracts	[1]
Forward currency contracts	[1]
U.S. Government agency bonds and notes
Corporate notes
U.S. Treasury Obligations
Total Assets
Liabilities
Futures contracts	[1]
Forward currency contracts	[1]
Total Liabilities
[1]	See Note 7. "Financial Derivative Instruments" for the fair value in each type of contracts within this category

1. ORGANIZATION AND SIGNIFICA26

1. ORGANIZATION AND SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) - USD ($)	3 Months Ended	12 Months Ended
	Mar. 31, 2016	Dec. 31, 2015
Notes to Financial Statements
Transfers between Level 1 and Level 2 assets and liabilities	$ 0	$ 0
Recognized interest expense or penalties	0	0
Liability for unrecognized tax benefits	$ 0	$ 0

3. RELATED PARTY TRANSACTIONS -

3. RELATED PARTY TRANSACTIONS - Fees paid to related parties (Details) - USD ($)	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Notes to Financial Statements
Altegris Clearing Solutions - Brokerage Commission fees	$ 1,040,476	$ 1,161,367
Altegris Investments - Service fees	128,636	151,984
Total	$ 1,169,112	$ 1,313,351

3. RELATED PARTY TRANSACTION (D

3. RELATED PARTY TRANSACTION (Details Narrative) - USD ($)	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Partnership Monthly Brokerage Charges	0.125%
Partnership Annual Brokerage Charges	1.50%
Administrative fee	$ 184,329	$ 219,404
Commissions and brokerage fees payable	350,033	347,920
Service fees payable	$ 41,651	42,997
Limited Partners, Original Class A
Monthly Management Fee	0.0625%
Annual Management Fee	0.75%
Limited Partners, Original Class B
Monthly Management Fee	0.146%
Annual Management Fee	1.75%
Limited Partners, Special Interests
Monthly Management Fee	0.0417%
Annual Management Fee	0.50%
Limited Partners, Class A
Monthly Management Fee	0.104%
Annual Management Fee	1.25%
Monthly Administrative Fee	0.0275%
Annual Administrative Fee	0.33%
Compensation for interests sold by Altegris Investments that are outstanding at month end	2.00%
Administrative fee	$ 127,431	143,555
Limited Partners, Class B
Monthly Management Fee	0.104%
Annual Management Fee	1.25%
Monthly Administrative Fee	0.0275%
Annual Administrative Fee	0.33%
Administrative fee	$ 56,898	$ 75,849
Limited Partners, Institutional Interests
Monthly Management Fee	0.0625%
Annual Management Fee	0.75%

4. ADVISORY CONTRACT (Details N

4. ADVISORY CONTRACT (Details Narrative) - USD ($)	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Advisor quarterly incentive fee	20.00%
Management fee	$ 889,761	$ 1,041,216
Limited Partners, Class A
Advisor monthly management fee	0.083%
Advisor annual management fee	1.00%
Management fee	$ 386,153	435,046
Limited Partners, Class B
Advisor monthly management fee	0.083%
Advisor annual management fee	1.00%
Management fee	$ 172,417	229,862
Limited Partners, Original Class B
Advisor monthly management fee	0.0625%
Advisor annual management fee	0.75%
Management fee	$ 8,673	12,663
Limited Partners, Special Interests
Advisor monthly management fee	0.042%
Advisor annual management fee	0.50%
Management fee	$ 42,679	38,929
Limited Partners, Institutional Interests
Advisor monthly management fee	0.083%
Advisor annual management fee	1.00%
Management fee	$ 168,269	$ 183,680

5. SERVICE FEES (Details Narrat

5. SERVICE FEES (Details Narrative) - USD ($)	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Service fees	$ 873,376	$ 994,440
General Partner
Service fees	$ 20	$ 20
Service fee-monthly	0.166%	0.166%
Service fee-annually	2.00%	2.00%
Limited Partners, Class A
Service fees	$ 770,572	$ 874,835
Service fee-monthly	0.166%	0.166%
Service fee-annually	2.00%	2.00%
Limited Partners, Original Class A
Service fees	$ 99,892	$ 116,621
Service fee-monthly	0.166%	0.166%
Service fee-annually	2.00%	2.00%
Limited Partners, Institutional Interests
Service fees	$ 2,892	$ 2,964
Service fee-monthly	0.0417%	0.0417%
Service fee-annually	0.50%	0.50%

7. FINANCIAL DERIVATIVE INSTR31

7. FINANCIAL DERIVATIVE INSTRUMENTS - Fair value of derivative contracts (Details) - USD ($)	Mar. 31, 2016	Dec. 31, 2015
Asset Derivatives Fair Value	$ 10,875,810	$ 8,033,833
Liability Derivatives Fair Value	(8,333,871)	(5,988,820)
Net Fair Value	2,541,939	2,045,013
Futures Contracts
Asset Derivatives Fair Value	6,924,862	6,760,911
Liability Derivatives Fair Value	(6,554,710)	(4,321,847)
Net Fair Value	370,152	2,439,064
Forward Contracts
Asset Derivatives Fair Value	3,950,948	1,272,922
Liability Derivatives Fair Value	(1,779,161)	(1,666,973)
Net Fair Value	2,171,787	(394,051)
Agriculture
Asset Derivatives Fair Value	607,035	826,890
Liability Derivatives Fair Value	(736,385)	(372,982)
Net Fair Value	(129,350)	453,908
Currencies
Asset Derivatives Fair Value	386,528	1,639,413
Liability Derivatives Fair Value	(2,613,014)	(118,455)
Net Fair Value	(2,226,486)	1,520,958
Energy
Asset Derivatives Fair Value	304,912	1,104,694
Liability Derivatives Fair Value	(244,021)	(610,719)
Net Fair Value	60,891	493,975
Interest Rates
Asset Derivatives Fair Value	4,229,214	989,590
Liability Derivatives Fair Value	(232,000)	(2,176,759)
Net Fair Value	3,997,214	(1,187,169)
Metals
Asset Derivatives Fair Value	85,016	1,473,464
Liability Derivatives Fair Value	(770,718)	(217,943)
Net Fair Value	(685,702)	1,255,521
Stock Indices
Asset Derivatives Fair Value	1,312,157	726,860
Liability Derivatives Fair Value	(1,411,244)	(599,754)
Net Fair Value	$ (99,087)	$ 127,106
Treasury Rates
Asset Derivatives Fair Value
Liability Derivatives Fair Value	$ (547,328)	$ (225,235)
Net Fair Value	$ (547,328)	$ (225,235)

7. FINANCIAL DERIVATIVE INSTR32

7. FINANCIAL DERIVATIVE INSTRUMENTS - Trading results of derivative trading (Details)		3 Months Ended
		Mar. 31, 2016USD ($)Integer	Mar. 31, 2015USD ($)Integer
Realized		$ 7,823,201	$ 25,690,639
Change in Unrealized		496,926	(2,477,414)
Agriculture
Realized		804,166	(56,325)
Change in Unrealized		(583,258)	990,531
Currencies
Realized		253,561	11,375,686
Change in Unrealized		(3,747,444)	(2,516,213)
Energy
Realized		2,861,645	1,312,124
Change in Unrealized		(433,084)	(872,199)
Interest Rates
Realized		8,403,924	7,837,248
Change in Unrealized		5,184,383	217,868
Metals
Realized		(4,156,812)	(712,964)
Change in Unrealized		(1,941,223)	(1,481,793)
Stock Indices
Realized		(2,296,793)	8,865,738
Change in Unrealized		(226,193)	(1,760,936)
Treasury Rates
Realized		2,914,297	191,267
Change in Unrealized		(322,093)	1,209,428
Futures Contracts
Realized		8,783,988	28,812,774
Change in Unrealized		$ (2,068,912)	$ (4,213,314)
Number of Contracts Closed | Integer		21,211	24,731
Forward Contracts
Realized		$ (960,787)	$ (3,122,135)
Change in Unrealized		$ 2,565,838	$ 1,735,900
Number of Contracts Closed | Integer	[1]	164,930,481,616	220,339,871,003
[1]	Represents the notional amount bought or sold during the three months ended March 31, 2016 and 2015. The number of contracts closed using average cost for long contracts of 577,820 and 545,057 and short contracts of (404,903) and (536,244) for the three months ended March 31, 2016 and 2015, respectively.

7. FINANCIAL DERIVATIVE INSTR33

7. FINANCIAL DERIVATIVE INSTRUMENTS - Offsetting Assets and Liabilities (Details) - USD ($)		Mar. 31, 2016	Dec. 31, 2015
Gross Amounts of Recognized Assets		$ 10,875,810	$ 8,033,833
Gross Amounts Offset in the Statement of Financial Condition		(8,333,871)	(5,594,769)
Net Amounts of Assets Presented in the Statement of Financial Condition		$ 2,541,939	$ 2,439,064
Gross Amounts Not Offset in the Statement of Financial Condition
Financial Instruments
Cash Collateral Received	[1]
Net Amount		$ 2,541,939	$ 2,439,064
Offsetting the Financial Liabilities and Derivative Liabilities
Gross Amounts of Recognized Liabilities		(8,333,871)	(5,988,820)
Gross Amounts Offset in the Statement of Financial Condition		$ 8,333,871	5,594,769
Net Amounts of Liabilities Presented in the Statement of Financial Condition			$ (394,051)
Gross Amounts Not Offset in the Statement of Financial Condition
Financial Instruments
Cash Collateral Pledged	[1]
Net Amount			$ (394,051)
Forward Contracts
Gross Amounts of Recognized Assets		$ 3,950,948	1,272,922
Gross Amounts Offset in the Statement of Financial Condition		(1,779,161)	$ (1,272,922)
Net Amounts of Assets Presented in the Statement of Financial Condition		$ 2,171,787
Gross Amounts Not Offset in the Statement of Financial Condition
Financial Instruments
Cash Collateral Received	[1]
Net Amount		$ 2,171,787
Offsetting the Financial Liabilities and Derivative Liabilities
Gross Amounts of Recognized Liabilities		(1,779,161)	$ (1,666,973)
Gross Amounts Offset in the Statement of Financial Condition		$ 1,779,161	1,272,922
Net Amounts of Liabilities Presented in the Statement of Financial Condition			$ (394,051)
Gross Amounts Not Offset in the Statement of Financial Condition
Financial Instruments
Cash Collateral Pledged	[1]
Net Amount			$ (394,051)
Futures Contracts
Gross Amounts of Recognized Assets		$ 6,924,862	6,760,911
Gross Amounts Offset in the Statement of Financial Condition		(6,554,710)	(4,321,847)
Net Amounts of Assets Presented in the Statement of Financial Condition		$ 370,152	$ 2,439,064
Gross Amounts Not Offset in the Statement of Financial Condition
Financial Instruments
Cash Collateral Received	[1]
Net Amount		$ 370,152	$ 2,439,064
Offsetting the Financial Liabilities and Derivative Liabilities
Gross Amounts of Recognized Liabilities		(6,554,710)	(4,321,847)
Gross Amounts Offset in the Statement of Financial Condition		$ 6,554,710	$ 4,321,847
Net Amounts of Liabilities Presented in the Statement of Financial Condition
Gross Amounts Not Offset in the Statement of Financial Condition
Financial Instruments
Cash Collateral Pledged	[1]
Net Amount
[1]	The Partnership posted additional collateral of $28,464,571 for 2016 & $32,426,371 for 2015, respectively, with the Clearing Broker. The Partnership may post collateral due to a variety of factors that may include, without limitation, initial margin or other requirements that are based on notional amounts which may exceed the fair value of the derivative contract.

7. FINANCIAL DERIVATIVE INSTR34

7. FINANCIAL DERIVATIVE INSTRUMENTS (Details Narrative)	3 Months Ended
	Mar. 31, 2016USD ($)Integer	Mar. 31, 2015USD ($)Integer
Notes to Financial Statements
Number of long contracts closed using average cost	577,820	545,057
Number of short contracts closed using average cost	(404,903)	(536,244)
Maintenance margin deposits held at the Clearing Broker | $	$ 28,464,571	$ 32,426,371

10. FINANCIAL HIGHLIGHTS - Fina

10. FINANCIAL HIGHLIGHTS - Financial highlights of the Partnership (Details)		3 Months Ended
		Mar. 31, 2016	Mar. 31, 2015
Limited Partners, Original Class A
Total return for Limited Partners
Total return prior to incentive fees	[1]	1.41%	4.99%
Incentive fees	[1]	0.00%	(1.15%)
Total return after incentive fees	[1]	1.41%	3.84%
Ratio to average net asset value
Expenses prior to incentive fees	[2]	3.28%	3.25%
Incentive fees	[1]	0.00%	1.13%
Total expenses		3.28%	4.38%
Net investment (loss)	[2],[3]	(3.04%)	(3.15%)
Limited Partners, Original Class B
Total return for Limited Partners
Total return prior to incentive fees	[1]	1.67%	5.25%
Incentive fees	[1]	0.00%	(1.15%)
Total return after incentive fees	[1]	1.67%	4.10%
Ratio to average net asset value
Expenses prior to incentive fees	[2]	2.20%	2.24%
Incentive fees	[1]	0.01%	1.14%
Total expenses		2.21%	3.38%
Net investment (loss)	[2],[3]	(1.97%)	(2.14%)
Limited Partners, Special Interests
Total return for Limited Partners
Total return prior to incentive fees	[1]	1.73%	5.32%
Incentive fees	[1]	0.00%	(1.16%)
Total return after incentive fees	[1]	1.73%	4.16%
Ratio to average net asset value
Expenses prior to incentive fees	[2]	2.03%	1.98%
Incentive fees	[1]	0.00%	1.13%
Total expenses		2.03%	3.11%
Net investment (loss)	[2],[3]	(1.79%)	(1.88%)
Limited Partners, Class A
Total return for Limited Partners
Total return prior to incentive fees	[1]	0.95%	4.52%
Incentive fees	[1]	(0.02%)	(1.15%)
Total return after incentive fees	[1]	0.93%	3.37%
Ratio to average net asset value
Expenses prior to incentive fees	[2]	5.12%	5.12%
Incentive fees	[1]	0.03%	1.14%
Total expenses		5.15%	6.26%
Net investment (loss)	[2],[3]	(4.88%)	(5.02%)
Limited Partners, Class B
Total return for Limited Partners
Total return prior to incentive fees	[1]	1.46%	5.04%
Incentive fees	[1]	(0.03%)	(1.16%)
Total return after incentive fees	[1]	1.43%	3.88%
Ratio to average net asset value
Expenses prior to incentive fees	[2]	3.08%	3.09%
Incentive fees	[1]	0.03%	1.15%
Total expenses		3.11%	4.24%
Net investment (loss)	[2],[3]	(2.84%)	(2.99%)
Limited Partners, Institutional Interests
Total return for Limited Partners
Total return prior to incentive fees	[1]	1.66%	5.25%
Incentive fees	[1]	0.00%	(1.16%)
Total return after incentive fees	[1]	1.66%	4.09%
Ratio to average net asset value
Expenses prior to incentive fees	[2]	2.30%	2.26%
Incentive fees	[1]	0.00%	1.13%
Total expenses		2.30%	3.39%
Net investment (loss)	[2],[3]	(2.06%)	(2.16%)
[1]	Not Annualized.
[2]	Annualized.
[3]	Excludes incentive fee.

11. SUBSEQUENT EVENTS (Details

11. SUBSEQUENT EVENTS (Details Narrative)	1 Months Ended
	May. 13, 2016USD ($)
Subsequent Events Details Narrative
Partnership subscriptions	$ 2,657,342
Partnership redemptions