Altegris Winton Futures Fund 10-Q15 May 172017 Q1 Quarterly reportFinancial data

Company Profile

Document and Entity Information

Document and Entity Information	3 Months Ended
Document and Entity Information	Mar. 31, 2017USD ($)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, 2017
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	2,017

STATEMENTS OF FINANCIAL CONDITI

STATEMENTS OF FINANCIAL CONDITION - USD ($)	Mar. 31, 2017	Dec. 31, 2016
Equity in commodity broker account
Restricted cash	$ 21,378,861	$ 23,843,994
Restricted foreign currency (cost - $2,910,796 and $3,533,623)	2,934,629	3,445,473
Foreign currency (cost - $4,384,771 and $825,062)	4,420,673	804,481
Unrealized gain on open futures contracts		3,073,294
Net unrealized gain on open forward contracts	856,966	349,091
Total	29,591,129	31,516,333
Cash	4,974,103	6,210,512
Investment securities at value (cost - $214,064,033 and $230,834,517)	214,063,794	230,831,657
Interest receivable	10,508	6,163
Total assets	248,639,534	268,564,665
Equity in commodity broker account:
Net unrealized loss on open futures contracts	940,158
Total	940,158
Redemptions payable	11,944,523	9,874,875
Subscriptions received in advance	361,153	348,744
Brokerage commissions payable	287,125	303,597
Service fees payable	231,186	251,426
Management fee payable	215,964	234,362
Advisory fee payable	193,998	207,739
Administrative fee payable	43,924	48,252
Incentive fee payable	3,509	1,756
Other liabilities	477,301	610,655
Total liabilities	14,698,841	11,881,406
PARTNERS' CAPITAL (NET ASSET VALUE)
General Partner	3,712	3,699
Limited Partners	233,936,981	256,679,560
Total partners' capital (Net Asset Value)	233,940,693	256,683,259
Total liabilities and partners' capital	$ 248,639,534	$ 268,564,665

STATEMENTS OF FINANCIAL CONDIT3

STATEMENTS OF FINANCIAL CONDITION (Parenthetical) - USD ($)	Mar. 31, 2017	Dec. 31, 2016
Statement of Financial Position [Abstract]
Cost of restricted foreign currency equity in commodity broker account	$ 2,910,796	$ 3,533,623
Cost of foreign currency equity in commodity broker account	4,384,771	825,062
Investment securities at cost	$ 214,064,033	$ 230,834,517

CONDENSED SCHEDULE OF INVESTMEN

CONDENSED SCHEDULE OF INVESTMENTS - MARCH 31, 2017 - USD ($)		3 Months Ended	12 Months Ended
		Mar. 31, 2017	Dec. 31, 2016
Value		$ 214,063,794	$ 230,831,657
At Cost		214,064,033	230,834,517
Fixed Income Investments
Value		$ 214,063,794	$ 230,831,657
% of Partners Capital		91.50%	89.94%
At Cost		$ 214,064,033	$ 230,834,517
Fixed Income Investments \| U.S. Government Agency Bonds and Notes
Value		$ 139,274,100	$ 127,323,710
% of Partners Capital		59.53%	49.60%
At Cost		$ 139,282,100	$ 127,326,570
Fixed Income Investments \| U.S. Government Agency Bonds and Notes \| Federal Farm Credit Bank Disc Note, 0.00%
Face Value		32,111,000
Value		$ 32,110,108
% of Partners Capital		13.72%
Maturity Date		Apr. 3, 2017
Interest Rate/Yield	[1]	0.00%
Fixed Income Investments \| U.S. Government Agency Bonds and Notes \| Federal Home Loan Bank Disc Note, 0.50%
Face Value		$ 30,600,000	15,000,000
Value		$ 30,599,150	$ 14,985,705
% of Partners Capital		13.08%	5.84%
Maturity Date		Apr. 3, 2017	Mar. 10, 2017
Interest Rate/Yield	[1]	0.50%	0.50%
Fixed Income Investments \| U.S. Government Agency Bonds and Notes \| Federal Home Loan Bank Disc Note, 0.29%
Face Value		$ 11,000,000
Value		$ 10,999,582
% of Partners Capital		4.70%
Maturity Date		Apr. 5, 2017
Interest Rate/Yield	[1]	0.29%
Fixed Income Investments \| U.S. Government Agency Bonds and Notes \| Federal Home Loan Bank Disc Note, 0.58%
Face Value		$ 12,468,000
Value		$ 12,464,172
% of Partners Capital		5.32%
Maturity Date		Apr. 19, 2017
Interest Rate/Yield	[1]	0.58%
Fixed Income Investments \| U.S. Government Agency Bonds and Notes \| Federal Home Loan Bank Disc Note, 0.61%
Face Value		$ 15,000,000
Value		$ 14,993,385
% of Partners Capital		6.41%
Maturity Date		Apr. 26, 2017
Interest Rate/Yield	[1]	0.61%
Fixed Income Investments \| U.S. Government Agency Bonds and Notes \| Federal Home Loan Bank Disc Note, 0.67%
Face Value		$ 15,000,000
Value		$ 14,990,880
% of Partners Capital		6.41%
Maturity Date		May 3, 2017
Interest Rate/Yield	[1]	0.67%
Fixed Income Investments \| U.S. Government Agency Bonds and Notes \| Federal Home Loan Bank Disc Note, 0.68%
Face Value		$ 15,000,000
Value		$ 14,986,920
% of Partners Capital		6.41%
Maturity Date		May 16, 2017
Interest Rate/Yield	[1]	0.68%
Fixed Income Investments \| U.S. Government Agency Bonds and Notes \| Federal Home Loan Bank Disc Note, 0.76%
Face Value		$ 600,000
Value		$ 598,817
% of Partners Capital		0.26%
Maturity Date		Jul. 3, 2017
Interest Rate/Yield	[1]	0.76%
Fixed Income Investments \| U.S. Government Agency Bonds and Notes \| Federal Home Loan Bank Disc Note, 0.77%
Face Value		$ 5,000,000
Value		$ 4,985,955
% of Partners Capital		2.13%
Maturity Date		Aug. 9, 2017
Interest Rate/Yield	[1]	0.77%
Fixed Income Investments \| U.S. Government Agency Bonds and Notes \| Federal Home Loan Bank Disc Note, 0.78%
Face Value		$ 1,550,000
Value		$ 1,545,170
% of Partners Capital		0.66%
Maturity Date		Aug. 23, 2017
Interest Rate/Yield	[1]	0.78%
Fixed Income Investments \| U.S. Government Agency Bonds and Notes \| Federal Home Loan Mortgage Corporation Disc Note, 0.00%
Face Value		$ 1,000,000	$ 2,000,000
Value		$ 999,961	$ 1,999,950
% of Partners Capital		0.43%	0.78%
Maturity Date		Apr. 3, 2017	Jan. 3, 2017
Interest Rate/Yield	[1]	0.00%	0.00%
Fixed Income Investments \| Corporate Notes
Value		$ 74,789,694	$ 103,507,947
% of Partners Capital		31.97%	40.34%
At Cost		$ 74,781,933	$ 103,507,947
Fixed Income Investments \| Corporate Notes \| Apple Inc., 0.70%
Face Value		6,421,000
Value		$ 6,417,595
% of Partners Capital		2.74%
Maturity Date		Apr. 27, 2017
Interest Rate/Yield	[1]	0.70%
Fixed Income Investments \| Corporate Notes \| Banco del Estado de Chile, 0.75%
Face Value		$ 6,419,000
Value		$ 6,418,805
% of Partners Capital		2.75%
Maturity Date		Apr. 5, 2017
Interest Rate/Yield		0.75%
Fixed Income Investments \| Corporate Notes \| Bank of Montreal, 0.93%
Face Value		$ 6,421,000
Value		$ 6,417,513
% of Partners Capital		2.74%
Maturity Date		Apr. 21, 2017
Interest Rate/Yield	[1]	0.93%
Fixed Income Investments \| Corporate Notes \| Colgate-Palmolive Company, 0.79%
Face Value		$ 8,561,000
Value		$ 8,558,746
% of Partners Capital		3.66%
Maturity Date		Apr. 12, 2017
Interest Rate/Yield	[1]	0.79%
Fixed Income Investments \| Corporate Notes \| DCAT, LLC, 1.17%
Face Value		$ 2,140,000
Value		$ 2,139,299
% of Partners Capital		0.92%
Maturity Date		Apr. 10, 2017
Interest Rate/Yield	[1]	1.17%
Fixed Income Investments \| Corporate Notes \| The Home Depot, Inc., 0.83%
Face Value		$ 4,280,000
Value		$ 4,279,704
% of Partners Capital		1.83%
Maturity Date		Apr. 3, 2017
Interest Rate/Yield	[1]	0.83%
Fixed Income Investments \| Corporate Notes \| The Norinchukin Bank, 0.85%
Face Value		$ 6,419,000
Value		$ 6,418,932
% of Partners Capital		2.75%
Maturity Date		Apr. 7, 2017
Interest Rate/Yield		0.85%
Fixed Income Investments \| Corporate Notes \| PACCAR Financial Corp., 0.86%
Face Value		$ 6,421,000
Value		$ 6,418,229
% of Partners Capital		2.74%
Maturity Date		Apr. 18, 2017
Interest Rate/Yield	[1]	0.86%
Fixed Income Investments \| Corporate Notes \| Sumitomo Mitsui Banking Corporation, 0.70%
Face Value		$ 6,419,000
Value		$ 6,418,854
% of Partners Capital		2.74%
Maturity Date		Apr. 5, 2017
Interest Rate/Yield		0.70%
Fixed Income Investments \| Corporate Notes \| Sumitomo Mitsui Trust Bank Ltd., 0.95%
Face Value		$ 4,280,000
Value		$ 4,280,090
% of Partners Capital		1.83%
Maturity Date		Apr. 27, 2017
Interest Rate/Yield		0.95%
Fixed Income Investments \| Corporate Notes \| Victory Receivables Corporation, 1.03%
Face Value		$ 4,187,000
Value		$ 4,186,714
% of Partners Capital		1.79%
Maturity Date		Apr. 3, 2017
Interest Rate/Yield	[1]	1.03%
Fixed Income Investments \| Corporate Notes \| Victory Receivables Corporation, 1.10%
Face Value		$ 6,421,000
Value		$ 6,416,880
% of Partners Capital		2.74%
Maturity Date		Apr. 21, 2017
Interest Rate/Yield	[1]	1.10%
Fixed Income Investments \| Corporate Notes \| Wal-Mart Stores Inc., 0.78%
Face Value		$ 6,421,000
Value		$ 6,418,333
% of Partners Capital		2.74%
Maturity Date		Apr. 19, 2017
Interest Rate/Yield	[1]	0.78%

[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
CONDENSED SCHEDULE OF INVESTMENTS, FUTURES CONTRACTS	Mar. 31, 2017USD ($)Integer	Dec. 31, 2016USD ($)Integer
Value	$ 214,063,794	$ 230,831,657
Futures Contracts
Number of Contracts \| Integer	9,345	9,312
Value	$ (940,158)	$ 3,073,294
% of Partners Capital	(0.40%)	1.20%
Futures Contracts \| Long Futures Contracts
Number of Contracts \| Integer	4,691	4,471
Value	$ 936,936	$ 1,002,039
% of Partners Capital	0.40%	0.39%
Futures Contracts \| Long Futures Contracts \| Agriculture
Number of Contracts \| Integer	190	390
Value	$ (24,750)	$ (226,941)
% of Partners Capital	(0.01%)	(0.09%)
Expiration Dates, Lower Range	Apr. 1, 2017	Jan. 1, 2017
Expiration Dates, Upper Range	Aug. 1, 2017	May 1, 2017
Futures Contracts \| Long Futures Contracts \| Currencies
Number of Contracts \| Integer	258
Value	$ 130,540
% of Partners Capital	0.05%
Expiration Dates	Jun. 1, 2017
Futures Contracts \| Long Futures Contracts \| Energy
Number of Contracts \| Integer	91	169
Value	$ 2,673	$ 172,229
% of Partners Capital	0.00%	0.07%
Expiration Dates, Lower Range	Apr. 1, 2017	Jan. 1, 2017
Expiration Dates, Upper Range	Jun. 1, 2017	Mar. 1, 2017
Futures Contracts \| Long Futures Contracts \| Interest Rates
Number of Contracts \| Integer	897	922
Value	$ (8,768)	$ 248,490
% of Partners Capital	0.00%	0.10%
Expiration Dates, Lower Range	Jun. 1, 2017	Mar. 1, 2017
Expiration Dates, Upper Range	Mar. 1, 2020	Dec. 1, 2019
Futures Contracts \| Long Futures Contracts \| Metals
Number of Contracts \| Integer	221	372
Value	$ 53,252	$ (225,649)
% of Partners Capital	0.02%	(0.09%)
Expiration Dates, Lower Range	May 1, 2017	Jan. 1, 2017
Expiration Dates, Upper Range	Jul. 1, 2017	Mar. 1, 2017
Futures Contracts \| Long Futures Contracts \| Stock Indices
Number of Contracts \| Integer	2,579	2,398
Value	$ 742,512	$ 1,015,371
% of Partners Capital	0.32%	0.39%
Expiration Dates, Lower Range	Apr. 1, 2017	Jan. 1, 2017
Expiration Dates, Upper Range	Jun. 1, 2017	Mar. 1, 2017
Futures Contracts \| Long Futures Contracts \| Treasury Rates
Number of Contracts \| Integer	455	220
Value	$ 41,477	$ 18,539
% of Partners Capital	0.02%	0.01%
Expiration Dates	Jun. 1, 2017	Mar. 1, 2017
Futures Contracts \| Short Futures Contacts
Number of Contracts \| Integer	4,654	4,841
Value	$ (1,877,094)	$ 2,071,255
% of Partners Capital	(0.80%)	0.81%
Futures Contracts \| Short Futures Contacts \| Agriculture
Number of Contracts \| Integer	707	749
Value	$ 537,420	$ 907,422
% of Partners Capital	0.23%	0.36%
Expiration Dates, Lower Range	Apr. 1, 2017	Feb. 1, 2017
Expiration Dates, Upper Range	Sep. 1, 2017	May 1, 2017
Futures Contracts \| Short Futures Contacts \| Currencies
Number of Contracts \| Integer	867	1,231
Value	$ (1,150,135)	$ 1,243,193
% of Partners Capital	(0.49%)	0.49%
Expiration Dates	Jun. 1, 2017	Mar. 1, 2017
Futures Contracts \| Short Futures Contacts \| Energy
Number of Contracts \| Integer	103	63
Value	$ (170,456)	$ (129,016)
% of Partners Capital	(0.07%)	(0.05%)
Expiration Dates, Lower Range	Apr. 1, 2017	Jan. 1, 2017
Expiration Dates, Upper Range	Jun. 1, 2017	Feb. 1, 2017
Futures Contracts \| Short Futures Contacts \| Interest Rates
Number of Contracts \| Integer	2,231	1,949
Value	$ (510,921)	$ 362,054
% of Partners Capital	(0.22%)	0.14%
Expiration Dates, Lower Range	Jun. 1, 2017	Mar. 1, 2017
Expiration Dates, Upper Range	Mar. 1, 2020	Dec. 1, 2019
Futures Contracts \| Short Futures Contacts \| Metals
Number of Contracts \| Integer	134	455
Value	$ (99,763)	$ (219,999)
% of Partners Capital	(0.05%)	(0.09%)
Expiration Dates, Lower Range	May 1, 2017	Jan. 1, 2017
Expiration Dates, Upper Range	Jul. 1, 2017	Apr. 1, 2017
Futures Contracts \| Short Futures Contacts \| Stock Indices
Number of Contracts \| Integer	284	82
Value	$ (256,451)	$ (14,579)
% of Partners Capital	(0.10%)	(0.01%)
Expiration Dates, Lower Range		Jan. 1, 2017
Expiration Dates, Upper Range		Mar. 1, 2017
Expiration Dates	Jun. 1, 2017
Futures Contracts \| Short Futures Contacts \| Treasury Rates
Number of Contracts \| Integer	328	312
Value	$ (226,788)	$ (77,820)
% of Partners Capital	(0.10%)	(0.03%)
Expiration Dates	Jun. 1, 2017	Mar. 1, 2017
Forward Contracts
Value	$ 856,966	$ 349,091
% of Partners Capital	0.37%	0.14%
Forward Contracts \| Long Forward Contracts \| Currencies
Value	$ 961,909	$ 826,708
% of Partners Capital	0.41%	0.32%
Expiration Dates, Lower Range	Apr. 1, 2017	Jan. 1, 2017
Expiration Dates, Upper Range	Jun. 1, 2017	Mar. 1, 2017
Forward Contracts \| Short Forward Contracts \| Currencies
Value	$ (104,943)	$ (477,617)
% of Partners Capital	(0.04%)	(0.18%)
Expiration Dates, Lower Range	Apr. 1, 2017	Jan. 1, 2017
Expiration Dates, Upper Range	Jun. 1, 2017	Mar. 1, 2017

CONDENSED SCHEDULE OF INVESTME6

CONDENSED SCHEDULE OF INVESTMENTS - December 31, 2016 - USD ($)		3 Months Ended	12 Months Ended
		Mar. 31, 2017	Dec. 31, 2016
Value		$ 214,063,794	$ 230,831,657
At Cost		214,064,033	230,834,517
Fixed Income Investments
Value		$ 214,063,794	$ 230,831,657
% of Partners Capital		91.50%	89.94%
At Cost		$ 214,064,033	$ 230,834,517
Fixed Income Investments \| U.S. Government Agency Bonds and Notes
Value		$ 139,274,100	$ 127,323,710
% of Partners Capital		59.53%	49.60%
At Cost		$ 139,282,100	$ 127,326,570
Fixed Income Investments \| U.S. Government Agency Bonds and Notes \| Federal Farm Credit Bank Disc Note, 0.47%
Face Value			12,406,000
Value			$ 12,405,759
% of Partners Capital			4.83%
Maturity Date			Jan. 3, 2017
Interest Rate/Yield	[1]		0.47%
Fixed Income Investments \| U.S. Government Agency Bonds and Notes \| Federal Home Loan Bank Disc Note, 0.40%
Face Value			$ 20,347,000
Value			$ 20,346,661
% of Partners Capital			7.93%
Maturity Date			Jan. 3, 2017
Interest Rate/Yield	[1]		0.40%
Fixed Income Investments \| U.S. Government Agency Bonds and Notes \| Federal Home Loan Bank Disc Note, 0.33%
Face Value			$ 15,000,000
Value			$ 14,996,520
% of Partners Capital			5.84%
Maturity Date			Jan. 25, 2017
Interest Rate/Yield	[1]		0.33%
Fixed Income Investments \| U.S. Government Agency Bonds and Notes \| Federal Home Loan Bank Disc Note, 0.45%
Face Value			$ 1,150,000
Value			$ 1,149,536
% of Partners Capital			0.45%
Maturity Date			Feb. 1, 2017
Interest Rate/Yield	[1]		0.45%
Fixed Income Investments \| U.S. Government Agency Bonds and Notes \| Federal Home Loan Bank Disc Note, 0.47%
Face Value			$ 15,000,000
Value			$ 14,991,255
% of Partners Capital			5.84%
Maturity Date			Feb. 14, 2017
Interest Rate/Yield	[1]		0.47%
Fixed Income Investments \| U.S. Government Agency Bonds and Notes \| Federal Home Loan Bank Disc Note, 0.47% 1
Face Value			$ 7,500,000
Value			$ 7,495,523
% of Partners Capital			2.92%
Maturity Date			Feb. 15, 2017
Interest Rate/Yield	[1]		0.47%
Fixed Income Investments \| U.S. Government Agency Bonds and Notes \| Federal Home Loan Bank Disc Note, 0.50%
Face Value		30,600,000	$ 15,000,000
Value		$ 30,599,150	$ 14,985,705
% of Partners Capital		13.08%	5.84%
Maturity Date		Apr. 3, 2017	Mar. 10, 2017
Interest Rate/Yield	[1]	0.50%	0.50%
Fixed Income Investments \| U.S. Government Agency Bonds and Notes \| Federal Home Loan Bank Disc Note, 0.50% 1
Face Value			$ 12,000,000
Value			$ 11,986,128
% of Partners Capital			4.67%
Maturity Date			Mar. 24, 2017
Interest Rate/Yield	[1]		0.50%
Fixed Income Investments \| U.S. Government Agency Bonds and Notes \| Federal Home Loan Bank Disc Note, 0.54%
Face Value			$ 15,000,000
Value			$ 14,972,505
% of Partners Capital			5.83%
Maturity Date			May 3, 2017
Interest Rate/Yield	[1]		0.54%
Fixed Income Investments \| U.S. Government Agency Bonds and Notes \| Federal Home Loan Mortgage Corporation Disc Note, 0.00%
Face Value		$ 1,000,000	$ 2,000,000
Value		$ 999,961	$ 1,999,950
% of Partners Capital		0.43%	0.78%
Maturity Date		Apr. 3, 2017	Jan. 3, 2017
Interest Rate/Yield	[1]	0.00%	0.00%
Fixed Income Investments \| U.S. Government Agency Bonds and Notes \| Federal Home Loan Mortgage Corporation Disc Note, 0.46%
Face Value			$ 12,000,000
Value			$ 11,994,168
% of Partners Capital			4.67%
Maturity Date			Feb. 7, 2017
Interest Rate/Yield	[1]		0.46%
Fixed Income Investments \| Corporate Notes
Value		$ 74,789,694	$ 103,507,947
% of Partners Capital		31.97%	40.34%
At Cost		$ 74,781,933	$ 103,507,947
Fixed Income Investments \| Corporate Notes \| Apple Inc., 0.55%
Face Value			6,920,000
Value			$ 6,917,616
% of Partners Capital			2.70%
Maturity Date			Jan. 3, 2017
Interest Rate/Yield			0.55%
Fixed Income Investments \| Corporate Notes \| Banco del Estado de Chile, 0.67%
Face Value			$ 6,900,000
Value			$ 6,900,000
% of Partners Capital			2.69%
Maturity Date			Jan. 6, 2017
Interest Rate/Yield			0.67%
Fixed Income Investments \| Corporate Notes \| DCAT, LLC, 0.90%
Face Value			$ 4,615,000
Value			$ 4,612,264
% of Partners Capital			1.80%
Maturity Date			Jan. 11, 2017
Interest Rate/Yield			0.90%
Fixed Income Investments \| Corporate Notes \| Exxon Mobil Corp., 0.48%
Face Value			$ 6,920,000
Value			$ 6,917,380
% of Partners Capital			2.69%
Maturity Date			Jan. 6, 2017
Interest Rate/Yield			0.48%
Fixed Income Investments \| Corporate Notes \| GE Capital Treasury Services (U.S.) LLC, 0.61%
Face Value			$ 11,400,000
Value			$ 11,399,240
% of Partners Capital			4.44%
Maturity Date			Jan. 3, 2017
Interest Rate/Yield			0.61%
Fixed Income Investments \| Corporate Notes \| MetLife Short Term Funding LLC, 0.59%
Face Value			$ 6,920,000
Value			$ 6,916,367
% of Partners Capital			2.69%
Maturity Date			Jan. 13, 2017
Interest Rate/Yield			0.59%
Fixed Income Investments \| Corporate Notes \| National Rural Utilities Cooperative Finance Corp., 0.50%
Face Value			$ 4,615,000
Value			$ 4,612,546
% of Partners Capital			1.80%
Maturity Date			Jan. 13, 2017
Interest Rate/Yield			0.50%
Fixed Income Investments \| Corporate Notes \| PACCAR Financial Corp., 0.61%
Face Value			$ 6,925,000
Value			$ 6,921,932
% of Partners Capital			2.70%
Maturity Date			Jan. 4, 2017
Interest Rate/Yield			0.61%
Fixed Income Investments \| Corporate Notes \| Sumitomo Mitsui Trust Bank, Limited, 0.67%
Face Value			$ 6,920,000
Value			$ 6,920,000
% of Partners Capital			2.70%
Maturity Date			Jan. 11, 2017
Interest Rate/Yield			0.67%
Fixed Income Investments \| Corporate Notes \| The Chiba Bank, Ltd., 0.71%
Face Value			$ 4,615,000
Value			$ 4,615,000
% of Partners Capital			1.80%
Maturity Date			Jan. 5, 2017
Interest Rate/Yield			0.71%
Fixed Income Investments \| Corporate Notes \| The Toronto-Dominion Bank, 0.57%
Face Value			$ 11,400,000
Value			$ 11,400,000
% of Partners Capital			4.45%
Maturity Date			Jan. 3, 2017
Interest Rate/Yield			0.57%
Fixed Income Investments \| Corporate Notes \| Thunder Bay Funding, LLC, 0.00%
Face Value			$ 6,605,000
Value			$ 6,604,633
% of Partners Capital			2.57%
Maturity Date			Jan. 3, 2017
Interest Rate/Yield			0.00%
Fixed Income Investments \| Corporate Notes \| Victory Receivables Corporation, 0.00%
Face Value			$ 320,000
Value			$ 319,980
% of Partners Capital			0.12%
Maturity Date			Jan. 3, 2017
Interest Rate/Yield			0.00%
Fixed Income Investments \| Corporate Notes \| Victory Receivables Corporation, 0.74%
Face Value			$ 6,920,000
Value			$ 6,915,387
% of Partners Capital			2.69%
Maturity Date			Jan. 19, 2017
Interest Rate/Yield			0.74%
Fixed Income Investments \| Corporate Notes \| Wal-Mart Stores Inc., 0.57%
Face Value			$ 6,925,000
Value			$ 6,923,650
% of Partners Capital			2.70%
Maturity Date			Jan. 11, 2017
Interest Rate/Yield			0.57%
Fixed Income Investments \| Corporate Notes \| Working Capital Management Co. L.P., 0.85%
Face Value			$ 4,615,000
Value			$ 4,611,952
% of Partners Capital			1.80%
Maturity Date			Jan. 17, 2017
Interest Rate/Yield			0.85%

[1]	The rate reported is the effective yield at time of purchase.

STATEMENTS OF INCOME (LOSS)

STATEMENTS OF INCOME (LOSS) - USD ($)	3 Months Ended
STATEMENTS OF INCOME (LOSS) - USD ($)	Mar. 31, 2017	Mar. 31, 2016
Gain (loss) on trading of derivatives contracts
Net realized	$ 6,929,468	$ 7,823,201
Net change in unrealized	(3,505,577)	496,926
Brokerage commissions	(942,541)	(1,242,283)
Net gain (loss) from trading derivatives contracts	2,481,350	7,077,844
Gain (loss) on trading of securities
Net realized	141,335	61,897
Net change in unrealized	2,621	40,535
Net gain (loss) from trading securities	143,956	102,432
Gain (loss) on trading of foreign currency
Net Realized	(7,091)	62,477
Net Change in unrealized	168,466	60,763
Net gain (loss) from trading foreign currency	161,375	123,240
Total trading gains (losses)	2,786,681	7,303,516
Income
Interest income	188,311	197,506
Expenses
Management fee	665,675	889,761
Service fees	657,894	873,376
Advisory fee	596,108	778,191
Professional fees	268,034	314,140
Administrative fee	135,604	184,329
Incentive fee	3,529	59,035
Interest expense		32,686
Other expenses	68,640	83,768
Total expenses	2,395,484	3,215,286
Net investment (loss)	(2,207,173)	(3,017,780)
NET INCOME (LOSS)	$ 579,508	$ 4,285,736

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, 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)	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
Balances at Dec. 31, 2016	256,683,259	13,257,409	2,258,015	15,766,935	122,209,260	47,147,538	56,040,403	3,699
Transfers
Capital additions	3,718,158			2,600,000	588,441	141,302	388,415
Capital withdrawals	(27,040,232)	(1,734,281)	(536,389)	0	(13,628,950)	(4,353,329)	(6,787,283)
Net investment income (loss)	(2,207,173)	(96,021)	(10,230)	(75,963)	(1,425,761)	(323,738)	(275,432)	(28)
Net realized gain (loss) from investments (net of brokerage commissions)	6,121,171	314,869	47,964	476,728	2,851,760	1,126,527	1,303,230	93
Net change in unrealized gain (loss) from investments	(3,334,490)	(174,304)	(29,087)	(241,172)	(1,555,336)	(630,081)	(704,458)	(52)
Net income (loss)	579,508	44,544	8,647	159,593	(129,337)	172,708	323,340	13
Balances at Mar. 31, 2017	$ 233,940,693	$ 11,567,672	$ 1,730,273	$ 18,526,528	$ 109,039,414	$ 43,108,219	$ 49,964,875	$ 3,712

1. ORGANIZATION AND SIGNIFICANT

1. ORGANIZATION AND SIGNIFICANT ACCOUNTING POLICIES	3 Months Ended
1. ORGANIZATION AND SIGNIFICANT ACCOUNTING POLICIES	Mar. 31, 2017
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. (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 (the “Agreement”), as amended and restated from time to time. The Partnership's general partner is Altegris Advisors, L.L.C. (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, 2017 and December 31, 2016, and reported amounts of income and expenses for the three months ended March 31, 2017 and 2016. 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 agency bonds are generally categorized in Levels 1 or 2 of the fair value hierarchy. As of March 31, 2017 or December 31, 2016, 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. U.S. treasury obligations are categorized in Level 2 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, 2017 or December 31, 2016, 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 period ended March 31, 2017 and the year ended December 31, 2016. The following table presents information about the Partnership’s assets and liabilities measured at fair value as March 31, 2017 and December 31, 2016: March 31, 2017 Level 1 Level 2 Level 3 Balance as of March 31, 2017 Assets: Futures contracts (1) $ 2,996,409 $ - $ - $ 2,996,409 Forward currency contracts (1) - 1,321,480 - 1,321,480 U.S. Government agency bonds and notes - 139,274,100 - 139,274,100 Corporate notes - 74,789,694 - 74,789,694 $ 2,996,409 $ 215,385,274 $ - $ 218,381,683 Liabilities: Futures contracts (1) $ (3,936,567 ) $ - $ - $ (3,936,567 ) Forward currency contracts (1) - (464,514 ) - (464,514 ) $ (3,936,567 ) $ (464,514 ) $ - $ (4,401,081 ) December 31, 2016 Level 1 Level 2 Level 3 Balance as of December 31, 2016 Assets: Futures contracts (1) $ 5,931,938 $ - $ - $ 5,931,938 Forward currency contracts (1) - 1,408,337 - 1,408,337 U.S. Government agency bonds and notes - 127,323,710 - 127,323,710 Corporate notes - 103,507,947 - 103,507,947 $ 5,931,938 $ 232,239,994 $ - $ 238,171,932 Liabilities: Futures contracts (1) $ (2,858,644 ) $ - $ - $ (2,858,644 ) Forward currency contracts (1) - (1,059,246 ) - (1,059,246 ) $ (2,858,644 ) $ (1,059,246 ) $ - $ (3,917,890 ) (1) See Note 7. "Financial Derivative Instruments" for the fair value in each type of contracts within this category. The Partnership’s policy is to recognize any transfers between Level 1 and Level 2 assets as of the Partnership’s fiscal year-end. For the period ended March 31, 2017 and the year ended December 31, 2016, there were no transfers between Level 1 and Level 2 assets and liabilities. For the period ended March 31, 2017 and the year ended December 31, 2016, 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 gain (loss) 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 Clearing Broker may convert the Partnership’s cash in U.S. dollar to foreign currency to facilitate the Partnership’s commodity trading activities. At times, the Partnership may carry foreign cash on loan with the Clearing Broker. Any net foreign currency on loan will be recognized in Foreign Currency Due to Broker on the Statements of Financial Condition. The Partnership’s Clearing Broker holds margin balances in a single currency, in which all margin requirements can be satisfied in U.S. dollars. Foreign currency balances can also be used to satisfy margin requirements. As of March 31, 2017 and December 31, 2016, the Partnership’s restricted cash balance on the Statements of Financial Condition of $21,378,861 and $23,843,994, respectively, represents the collateral pledged by the Partnership to satisfy the Clearing Broker’s margin requirements in US Dollars. As of March 31, 2017 and December 31, 2016, the Partnership’s restricted foreign currency balance on the Statements of Financial Condition of $2,934,629 and $3,445,473, respectively, represents the collateral pledged by the Partnership to satisfy the Clearing Broker’s margin requirements in foreign currency. 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, 2017 and December 31, 2016 the Partnership did not hold any option contracts. F. Futures Contracts The Partnership engages 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, 2017 and December 31, 2016 are reflected within the Condensed Schedules of Investments. G. Forward currency contracts Forward currency contracts are 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 gain or loss. 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, 2017 and December 31, 2016 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 The Partnership is treated as a partnership for U.S. federal income tax purposes. As such, the partners are individually liable for their own distributable share of taxable income or loss. No provision has been made in the accompanying financial statements for U.S., federal, state, or local income taxes. 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, 2017 or December 31, 2016. 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 2013. 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, 2017 or 2016.

2. PARTNERS' CAPITAL

2. PARTNERS' CAPITAL	3 Months Ended
2. PARTNERS' CAPITAL	Mar. 31, 2017
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, 2017 and 2016.

3. RELATED PARTY TRANSACTIONS

3. RELATED PARTY TRANSACTIONS	3 Months Ended
3. RELATED PARTY TRANSACTIONS	Mar. 31, 2017
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 net asset value apportioned to each Partner’s capital account at the beginning of the month, before deduction of any accrued incentive fees related to the current quarter (the “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, 2017 and 2016 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, 2017, administrative fees for Class A and Class B Interests were $97,669 and $37,935, respectively. For the three months ended March 31, 2016, administrative fees for Class A and Class B Interests were $127,431 and $56,898, 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 Futures, 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 a Delaware limited liability company. Altegris Clearing Solutions, L.L.C. (Altegris Clearing Solutions), an affiliate of the General Partner and an introducing broker registered with the CFTC, is the Partnership’s introducing broker. 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, 2017 and December 31, 2016, respectively, the Partnership had commissions and brokerage fees payable to its introducing broker of $231,055 and $250,185, and service fees payable to Altegris Investments of $32,792 and $34,849, 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 Three months ended March 31, 2017 March 31, 2016 Altegris Clearing Solutions - Brokerage Commission fees $ 771,787 $ 1,040,476 Altegris Investments- Service fees 100,021 128,636 Total $ 871,808 $ 1,169,112 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
4. ADVISORY CONTRACT	Mar. 31, 2017
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, Ltd. (“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), calculated separately for each partner’s interest (as defined in the Agreement). The incentive fee is accrued on a monthly basis and paid quarterly. Total incentive fees earned by the Advisor for the three months ended March 31, 2017 and 2016 are shown on the Statements of Income (Loss). All Interest holders will be assessed a monthly management fee paid to Winton of 0.083% of the management fee net asset value of each holder’s month-end capital account balance (1.00% annually), with the exception of Original Class A Interests. In addition, the General Partner has assigned a portion of its management fees earned to the Advisor. For the three months ended March 31, 2017, management fees for Class A, Class B, Original Class B, Special Interests and Institutional Interests were $296,052, $114,987, $5,155, $43,733 and $136,181, respectively. 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. 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
5. SERVICE FEES	Mar. 31, 2017
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, 2017, service fees for General Partner’s Interest, Class A, Original Class A and Institutional Interests were $19, $588,661, $64,227 and $4,987, respectively. 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. Class B, Original Class B and Special Interests did not get charged the service fees.

6. BROKERAGE COMMISSIONS

6. BROKERAGE COMMISSIONS	3 Months Ended
6. BROKERAGE COMMISSIONS	Mar. 31, 2017
Brokers and Dealers [Abstract]
BROKERAGE COMMISSIONS	NOTE 6 - BROKERAGE COMMISSIONS 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
7. FINANCIAL DERIVATIVE INSTRUMENTS	Mar. 31, 2017
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 derivative contracts at March 31, 2017 and December 31, 2016. The fair value of derivative 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 Statements of Financial Condition. March 31, 2017 Asset Liability Type of Derivatives Derivatives Net Derivatives Contracts Fair Value Fair Value Fair Value Futures Contracts Agriculture $ 695,773 $ (183,103 ) $ 512,670 Currencies 130,540 (1,150,135 ) (1,019,595 ) Energy 51,678 (219,461 ) (167,783 ) Interest Rates 75,824 (595,513 ) (519,689 ) Metals 282,222 (328,733 ) (46,511 ) Stock Indices 1,718,895 (1,232,834 ) 486,061 Treasury Rates 41,477 (226,788 ) (185,311 ) $ 2,996,409 $ (3,936,567 ) $ (940,158 ) Forward Currency Contracts $ 1,321,480 $ (464,514 ) $ 856,966 Total Gross Fair Value of Derivatives Contracts $ 4,317,889 $ (4,401,081 ) $ (83,192 ) December 31, 2016 Asset Liability Type of Derivatives Derivatives Net Derivatives Contracts Fair Value Fair Value Fair Value Futures Contracts Agriculture $ 1,111,896 $ (431,415 ) $ 680,481 Currencies 1,248,554 (5,361 ) 1,243,193 Energy 172,229 (129,016 ) 43,213 Interest Rates 708,726 (98,182 ) 610,544 Metals 787,551 (1,233,199 ) (445,648 ) Stock Indices 1,884,443 (883,651 ) 1,000,792 Treasury Rates 18,539 (77,820 ) (59,281 ) $ 5,931,938 $ (2,858,644 ) $ 3,073,294 Forward Currency Contracts $ 1,408,337 $ (1,059,246 ) $ 349,091 Total Gross Fair Value of Derivatives Contracts $ 7,340,275 $ (3,917,890 ) $ 3,422,385 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, 2017 and 2016. 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, 2017 Type of Change in Number of Derivatives Contracts Realized Unrealized Contracts Closed Futures Contracts Agricultural $ (167,028 ) $ (167,811 ) Currencies (1,549,459 ) (2,262,788 ) Energy (1,506,968 ) (210,996 ) Interest Rates 62,846 (1,130,233 ) Metals (1,873,777 ) 399,137 Stock Indices 10,432,197 (514,731 ) Treasury Rates (362,687 ) (126,030 ) $ 5,035,124 $ (4,013,452 ) 17,590 (2 ) Forward Currency Contracts $ 1,894,344 $ 507,875 (1 ) Total gain (loss) from derivatives contracts $ 6,929,468 $ (3,505,577 ) 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 (2 ) Forward Currency Contracts $ (960,787 ) $ 2,565,838 (1 ) Total gain (loss) from derivatives contracts $ 7,823,201 $ 496,926 (1) The numbers of long contracts closed using average cost for the three months ended March 31, 2017 and 2016 were 531,994, and 577,820, respectively. The numbers of short contracts closed using average cost for average cost for the three months ended March 31, 2017 and 2016 were (385,857), and (404,903), respectively. These long and short numbers are representative of the Partnership's volume of derivative activity for forward currency contracts during those periods. (2) These closed contract amounts are representative of the Partnership's volume of derivative activity for futures contracts during the period. 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 Gross Amounts Not Offset in the Statement of Financial Condition As of March 31, 2017 Description 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 Forward contracts 1,321,480 (464,514 ) 856,966 - - 856,966 Futures contracts 2,996,409 (2,996,409 ) - - - - Total 4,317,889 (3,460,923 ) 856,966 - - 856,966 Offsetting the Financial Liabilities and Derivative Liabilities Gross Amounts Not Offset in the Statement of Financial Condition As of March 31, 2017 Description 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 Forward contracts (464,514 ) 464,514 - - - - Futures contracts (3,936,567 ) 2,996,409 (940,158 ) - 940,158 - Total (4,401,081 ) 3,460,923 (940,158 ) - 940,158 - Offsetting the Financial Assets and Derivative Assets Gross Amounts Not Offset in the Statement of Financial Condition As of December 31, 2016 Description 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 Forward contracts 1,408,337 (1,059,246 ) 349,091 - - 349,091 Futures contracts 5,931,938 (2,858,644 ) 3,073,294 - - 3,073,294 Total 7,340,275 (3,917,890 ) 3,422,385 - - 3,422,385 Offsetting the Financial Liabilities and Derivative Liabilities Gross Amounts Not Offset in the Statement of Financial Condition As of December 31, 2016 Description 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 Forward contracts (1,059,246 ) 1,059,246 - - - - Futures contracts (2,858,644 ) 2,858,644 - - - - Total (3,917,890 ) 3,917,890 - - - - (1) The Partnership posted additional collateral of $23,373,332 for 2017 and $27,289,467 for 2016, 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, 2017
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
9. INDEMNIFICATIONS	Mar. 31, 2017
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
10. FINANCIAL HIGHLIGHTS	Mar. 31, 2017
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, 2017 and 2016. This information has been derived from information presented in the financial statements. Three months ended March 31, 2017 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 0.37 % 0.62 % 0.68 % (0.09 )% 0.41 % 0.61 % Incentive fees (0.00 )% (0.00 )% (0.00 )% (0.00 )% (0.00 )% (0.00 )% Total return after incentive fees 0.37 % 0.62 % 0.68 % (0.09 )% 0.41 % 0.61 % Ratio to average net asset value Expenses prior to incentive fees (2) 3.25 % 2.23 % 2.08 % 5.07 % 3.09 % 2.30 % Incentive fees (3) 0.00 % 0.00 % 0.00 % 0.00 % 0.00 % 0.00 % Total expenses 3.25 % 2.23 % 2.08 % 5.07 % 3.09 % 2.30 % Net investment (loss) (1) (2) (2.95 )% (1.94 )% (1.78 )% (4.77 )% (2.80 )% (2.01 )% 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 )% 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
11. SUBSEQUENT EVENTS	Mar. 31, 2017
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	NOTE 11 - SUBSEQUENT EVENTS Management of the Partnership evaluated subsequent events through the date these financial statements were issued, and concluded that no events subsequent to March 31, 2017 have occurred that would require recognition or disclosure, except as noted below. From April 1, 2017 through May 15, 2017, the Partnership had subscriptions of $358,703.

1. ORGANIZATION AND SIGNIFICA20

1. ORGANIZATION AND SIGNIFICANT ACCOUNTING POLICIES (Policies)	3 Months Ended
	Mar. 31, 2017
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, 2017 and December 31, 2016, and reported amounts of income and expenses for the three months ended March 31, 2017 and 2016. 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 agency bonds are generally categorized in Levels 1 or 2 of the fair value hierarchy. As of March 31, 2017 or December 31, 2016, 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. U.S. treasury obligations are categorized in Level 2 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, 2017 or December 31, 2016, 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 period ended March 31, 2017 and the year ended December 31, 2016. The following table presents information about the Partnership’s assets and liabilities measured at fair value as March 31, 2017 and December 31, 2016: March 31, 2017 Level 1 Level 2 Level 3 Balance as of March 31, 2017 Assets: Futures contracts (1) $ 2,996,409 $ - $ - $ 2,996,409 Forward currency contracts (1) - 1,321,480 - 1,321,480 U.S. Government agency bonds and notes - 139,274,100 - 139,274,100 Corporate notes - 74,789,694 - 74,789,694 $ 2,996,409 $ 215,385,274 $ - $ 218,381,683 Liabilities: Futures contracts (1) $ (3,936,567 ) $ - $ - $ (3,936,567 ) Forward currency contracts (1) - (464,514 ) - (464,514 ) $ (3,936,567 ) $ (464,514 ) $ - $ (4,401,081 ) December 31, 2016 Level 1 Level 2 Level 3 Balance as of December 31, 2016 Assets: Futures contracts (1) $ 5,931,938 $ - $ - $ 5,931,938 Forward currency contracts (1) - 1,408,337 - 1,408,337 U.S. Government agency bonds and notes - 127,323,710 - 127,323,710 Corporate notes - 103,507,947 - 103,507,947 $ 5,931,938 $ 232,239,994 $ - $ 238,171,932 Liabilities: Futures contracts (1) $ (2,858,644 ) $ - $ - $ (2,858,644 ) Forward currency contracts (1) - (1,059,246 ) - (1,059,246 ) $ (2,858,644 ) $ (1,059,246 ) $ - $ (3,917,890 ) (1) See Note 7. "Financial Derivative Instruments" for the fair value in each type of contracts within this category. The Partnership’s policy is to recognize any transfers between Level 1 and Level 2 assets as of the Partnership’s fiscal year-end. For the period ended March 31, 2017 and the year ended December 31, 2016, there were no transfers between Level 1 and Level 2 assets and liabilities. For the period ended March 31, 2017 and the year ended December 31, 2016, 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 gain (loss) 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 Clearing Broker may convert the Partnership’s cash in U.S. dollar to foreign currency to facilitate the Partnership’s commodity trading activities. At times, the Partnership may carry foreign cash on loan with the Clearing Broker. Any net foreign currency on loan will be recognized in Foreign Currency Due to Broker on the Statements of Financial Condition. The Partnership’s Clearing Broker holds margin balances in a single currency, in which all margin requirements can be satisfied in U.S. dollars. Foreign currency balances can also be used to satisfy margin requirements. As of March 31, 2017 and December 31, 2016, the Partnership’s restricted cash balance on the Statements of Financial Condition of $21,378,861 and $23,843,994, respectively, represents the collateral pledged by the Partnership to satisfy the Clearing Broker’s margin requirements in US Dollars. As of March 31, 2017 and December 31, 2016, the Partnership’s restricted foreign currency balance on the Statements of Financial Condition of $2,934,629 and $3,445,473, respectively, represents the collateral pledged by the Partnership to satisfy the Clearing Broker’s margin requirements in foreign currency. 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, 2017 and December 31, 2016 the Partnership did not hold any option contracts.
Futures Contracts	F. Futures Contracts The Partnership engages 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, 2017 and December 31, 2016 are reflected within the Condensed Schedules of Investments.
Forward currency contracts	G. Forward currency contracts Forward currency contracts are 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 gain or loss. 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, 2017 and December 31, 2016 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 The Partnership is treated as a partnership for U.S. federal income tax purposes. As such, the partners are individually liable for their own distributable share of taxable income or loss. No provision has been made in the accompanying financial statements for U.S., federal, state, or local income taxes. 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, 2017 or December 31, 2016. 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 2013. 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, 2017 or 2016.

1. ORGANIZATION AND SIGNIFICA21

1. ORGANIZATION AND SIGNIFICANT ACCOUNTING POLICIES (Tables)	3 Months Ended
	Mar. 31, 2017
Accounting Policies [Abstract]
Partnership's assets and liabilities measured at fair value	March 31, 2017 Level 1 Level 2 Level 3 Balance as of March 31, 2017 Assets: Futures contracts (1) $ 2,996,409 $ - $ - $ 2,996,409 Forward currency contracts (1) - 1,321,480 - 1,321,480 U.S. Government agency bonds and notes - 139,274,100 - 139,274,100 Corporate notes - 74,789,694 - 74,789,694 $ 2,996,409 $ 215,385,274 $ - $ 218,381,683 Liabilities: Futures contracts (1) $ (3,936,567 ) $ - $ - $ (3,936,567 ) Forward currency contracts (1) - (464,514 ) - (464,514 ) $ (3,936,567 ) $ (464,514 ) $ - $ (4,401,081 ) December 31, 2016 Level 1 Level 2 Level 3 Balance as of December 31, 2016 Assets: Futures contracts (1) $ 5,931,938 $ - $ - $ 5,931,938 Forward currency contracts (1) - 1,408,337 - 1,408,337 U.S. Government agency bonds and notes - 127,323,710 - 127,323,710 Corporate notes - 103,507,947 - 103,507,947 $ 5,931,938 $ 232,239,994 $ - $ 238,171,932 Liabilities: Futures contracts (1) $ (2,858,644 ) $ - $ - $ (2,858,644 ) Forward currency contracts (1) - (1,059,246 ) - (1,059,246 ) $ (2,858,644 ) $ (1,059,246 ) $ - $ (3,917,890 ) (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
3. RELATED PARTY TRANSACTIONS (Tables)	Mar. 31, 2017
Related Party Transactions Tables
Fees paid to Altegris Investments and Altegris Futures	Three months ended Three months ended March 31, 2017 March 31, 2016 Altegris Clearing Solutions - Brokerage Commission fees $ 771,787 $ 1,040,476 Altegris Investments- Service fees 100,021 128,636 Total $ 871,808 $ 1,169,112

7. FINANCIAL DERIVATIVE INSTR23

7. FINANCIAL DERIVATIVE INSTRUMENTS (Tables)	3 Months Ended
7. FINANCIAL DERIVATIVE INSTRUMENTS (Tables)	Mar. 31, 2017
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Fair value of derivative contracts	March 31, 2017 Asset Liability Type of Derivatives Derivatives Net Derivatives Contracts Fair Value Fair Value Fair Value Futures Contracts Agriculture $ 695,773 $ (183,103 ) $ 512,670 Currencies 130,540 (1,150,135 ) (1,019,595 ) Energy 51,678 (219,461 ) (167,783 ) Interest Rates 75,824 (595,513 ) (519,689 ) Metals 282,222 (328,733 ) (46,511 ) Stock Indices 1,718,895 (1,232,834 ) 486,061 Treasury Rates 41,477 (226,788 ) (185,311 ) $ 2,996,409 $ (3,936,567 ) $ (940,158 ) Forward Currency Contracts $ 1,321,480 $ (464,514 ) $ 856,966 Total Gross Fair Value of Derivatives Contracts $ 4,317,889 $ (4,401,081 ) $ (83,192 ) December 31, 2016 Asset Liability Type of Derivatives Derivatives Net Derivatives Contracts Fair Value Fair Value Fair Value Futures Contracts Agriculture $ 1,111,896 $ (431,415 ) $ 680,481 Currencies 1,248,554 (5,361 ) 1,243,193 Energy 172,229 (129,016 ) 43,213 Interest Rates 708,726 (98,182 ) 610,544 Metals 787,551 (1,233,199 ) (445,648 ) Stock Indices 1,884,443 (883,651 ) 1,000,792 Treasury Rates 18,539 (77,820 ) (59,281 ) $ 5,931,938 $ (2,858,644 ) $ 3,073,294 Forward Currency Contracts $ 1,408,337 $ (1,059,246 ) $ 349,091 Total Gross Fair Value of Derivatives Contracts $ 7,340,275 $ (3,917,890 ) $ 3,422,385
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, 2017 Type of Change in Number of Derivatives Contracts Realized Unrealized Contracts Closed Futures Contracts Agricultural $ (167,028 ) $ (167,811 ) Currencies (1,549,459 ) (2,262,788 ) Energy (1,506,968 ) (210,996 ) Interest Rates 62,846 (1,130,233 ) Metals (1,873,777 ) 399,137 Stock Indices 10,432,197 (514,731 ) Treasury Rates (362,687 ) (126,030 ) $ 5,035,124 $ (4,013,452 ) 17,590 (2 ) Forward Currency Contracts $ 1,894,344 $ 507,875 (1 ) Total gain (loss) from derivatives contracts $ 6,929,468 $ (3,505,577 ) 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 (2 ) Forward Currency Contracts $ (960,787 ) $ 2,565,838 (1 ) Total gain (loss) from derivatives contracts $ 7,823,201 $ 496,926 (1) The numbers of long contracts closed using average cost for the three months ended March 31, 2017 and 2016 were 531,994, and 577,820, respectively. The numbers of short contracts closed using average cost for average cost for the three months ended March 31, 2017 and 2016 were (385,857), and (404,903), respectively. These long and short numbers are representative of the Partnership's volume of derivative activity for forward currency contracts during those periods. (2) These closed contract amounts are representative of the Partnership's volume of derivative activity for futures contracts during the period.
Disclosures about Offsetting Assets and Liabilities	Offsetting the Financial Assets and Derivative Assets Gross Amounts Not Offset in the Statement of Financial Condition As of March 31, 2017 Description 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 Forward contracts 1,321,480 (464,514 ) 856,966 - - 856,966 Futures contracts 2,996,409 (2,996,409 ) - - - - Total 4,317,889 (3,460,923 ) 856,966 - - 856,966 Offsetting the Financial Liabilities and Derivative Liabilities Gross Amounts Not Offset in the Statement of Financial Condition As of March 31, 2017 Description 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 Forward contracts (464,514 ) 464,514 - - - - Futures contracts (3,936,567 ) 2,996,409 (940,158 ) - 940,158 - Total (4,401,081 ) 3,460,923 (940,158 ) - 940,158 - Offsetting the Financial Assets and Derivative Assets Gross Amounts Not Offset in the Statement of Financial Condition As of December 31, 2016 Description 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 Forward contracts 1,408,337 (1,059,246 ) 349,091 - - 349,091 Futures contracts 5,931,938 (2,858,644 ) 3,073,294 - - 3,073,294 Total 7,340,275 (3,917,890 ) 3,422,385 - - 3,422,385 Offsetting the Financial Liabilities and Derivative Liabilities Gross Amounts Not Offset in the Statement of Financial Condition As of December 31, 2016 Description 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 Forward contracts (1,059,246 ) 1,059,246 - - - - Futures contracts (2,858,644 ) 2,858,644 - - - - Total (3,917,890 ) 3,917,890 - - - - (1) The Partnership posted additional collateral of $23,373,332 for 2017 and $27,289,467 for 2016, 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
10. FINANCIAL HIGHLIGHTS (Tables)	Mar. 31, 2017
Quarterly Financial Information Disclosure [Abstract]
Financial highlights of the Partnership	Three months ended March 31, 2017 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 0.37 % 0.62 % 0.68 % (0.09 )% 0.41 % 0.61 % Incentive fees (0.00 )% (0.00 )% (0.00 )% (0.00 )% (0.00 )% (0.00 )% Total return after incentive fees 0.37 % 0.62 % 0.68 % (0.09 )% 0.41 % 0.61 % Ratio to average net asset value Expenses prior to incentive fees (2) 3.25 % 2.23 % 2.08 % 5.07 % 3.09 % 2.30 % Incentive fees (3) 0.00 % 0.00 % 0.00 % 0.00 % 0.00 % 0.00 % Total expenses 3.25 % 2.23 % 2.08 % 5.07 % 3.09 % 2.30 % Net investment (loss) (1) (2) (2.95 )% (1.94 )% (1.78 )% (4.77 )% (2.80 )% (2.01 )% 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 )% 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, 2017	Dec. 31, 2016
Assets
Futures contracts	[1]	$ 2,996,409	$ 5,931,938
Forward currency contracts	[1]	1,321,480	1,408,337
U.S. Government agency bonds and notes		139,274,100	127,323,710
Corporate notes		74,789,694	103,507,947
Total Assets		218,381,683	238,171,932
Liabilities
Futures contracts	[1]	(3,936,567)	(2,858,644)
Forward currency contracts	[1]	(464,514)	(1,059,246)
Total Liabilities		(4,401,081)	(3,917,890)
Level 1
Assets
Futures contracts	[1]	2,996,409	5,931,938
Forward currency contracts	[1]
U.S. Government agency bonds and notes
Corporate notes
Total Assets		2,996,409	5,931,938
Liabilities
Futures contracts	[1]	(3,936,567)	(2,858,644)
Forward currency contracts	[1]
Total Liabilities		(3,936,567)	(2,858,644)
Level 2
Assets
Futures contracts	[1]
Forward currency contracts	[1]	1,321,480	1,408,337
U.S. Government agency bonds and notes		139,274,100	127,323,710
Corporate notes		74,789,694	103,507,947
Total Assets		215,385,274	232,239,994
Liabilities
Futures contracts	[1]
Forward currency contracts	[1]	(464,514)	(1,059,246)
Total Liabilities		(464,514)	(1,059,246)
Level 3
Assets
Futures contracts	[1]
Forward currency contracts	[1]
U.S. Government agency bonds and notes
Corporate notes
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, 2017	Dec. 31, 2016
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, 2017	Mar. 31, 2016
Notes to Financial Statements
Altegris Clearing Solutions - Brokerage Commission fees	$ 771,787	$ 1,040,476
Altegris Investments - Service fees	100,021	128,636
Total	$ 871,808	$ 1,169,112

3. RELATED PARTY TRANSACTION (D

3. RELATED PARTY TRANSACTION (Details Narrative) - USD ($)	3 Months Ended
3. RELATED PARTY TRANSACTION (Details Narrative) - USD ($)	Mar. 31, 2017	Mar. 31, 2016
Partnership Monthly Brokerage Charges	0.125%
Partnership Annual Brokerage Charges	1.50%
Administrative fee	$ 135,604	$ 184,329
Commissions and brokerage fees payable	231,055
Service fees payable	$ 32,792
Limited Partners, Institutional Interests
Monthly Management Fee	0.0625%
Annual Management Fee	0.75%
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	$ 97,669	127,431
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	$ 37,935	$ 56,898

4. ADVISORY CONTRACT (Details N

4. ADVISORY CONTRACT (Details Narrative) - USD ($)	3 Months Ended
4. ADVISORY CONTRACT (Details Narrative) - USD ($)	Mar. 31, 2017	Mar. 31, 2016
Advisor quarterly incentive fee	20.00%
Management fee	$ 665,675	$ 889,761
Limited Partners, Original Class B
Advisor monthly management fee	0.083%
Advisor annual management fee	1.00%
Management fee	$ 5,155	8,673
Limited Partners, Special Interests
Advisor monthly management fee	0.083%
Advisor annual management fee	1.00%
Management fee	$ 43,733	42,679
Limited Partners, Class A
Advisor monthly management fee	0.083%
Advisor annual management fee	1.00%
Management fee	$ 296,052	386,153
Limited Partners, Class B
Advisor monthly management fee	0.083%
Advisor annual management fee	1.00%
Management fee	$ 114,987	172,417
Limited Partners, Institutional Interests
Advisor monthly management fee	0.083%
Advisor annual management fee	1.00%
Management fee	$ 136,181	$ 168,269
General Partner
Advisor monthly management fee	0.083%
Advisor annual management fee	1.00%

5. SERVICE FEES (Details Narrat

5. SERVICE FEES (Details Narrative) - USD ($)	3 Months Ended
5. SERVICE FEES (Details Narrative) - USD ($)	Mar. 31, 2017	Mar. 31, 2016
Service fees	$ 657,894	$ 873,376
General Partner
Service fees	19	20
Limited Partners, Class A
Service fees	$ 588,661	770,572
Service fee-monthly	0.166%
Service fee-annually	2.00%
Limited Partners, Original Class A
Service fees	$ 64,227	99,892
Service fee-monthly	0.166%
Service fee-annually	2.00%
Limited Partners, Institutional Interests
Service fees	$ 4,987	$ 2,892
Service fee-monthly	0.0417%
Service fee-annually	0.50%

7. FINANCIAL DERIVATIVE INSTR31

7. FINANCIAL DERIVATIVE INSTRUMENTS - Fair value of derivative contracts (Details) - USD ($)	Mar. 31, 2017	Dec. 31, 2016
Asset Derivatives Fair Value	$ 4,317,889	$ 7,340,275
Liability Derivatives Fair Value	(4,401,081)	(3,917,890)
Net Fair Value	(83,192)	3,422,385
Futures Contracts
Asset Derivatives Fair Value	2,996,409	5,931,938
Liability Derivatives Fair Value	(3,936,567)	(2,858,644)
Net Fair Value	(940,158)	3,073,294
Forward Contracts
Asset Derivatives Fair Value	1,321,480	1,408,337
Liability Derivatives Fair Value	(464,514)	(1,059,246)
Net Fair Value	856,966	349,091
Agriculture
Asset Derivatives Fair Value	695,773	1,111,896
Liability Derivatives Fair Value	(183,103)	(431,415)
Net Fair Value	512,670	680,481
Currencies
Asset Derivatives Fair Value	130,540	1,248,554
Liability Derivatives Fair Value	(1,150,135)	(5,361)
Net Fair Value	(1,019,595)	1,243,193
Energy
Asset Derivatives Fair Value	51,678	172,229
Liability Derivatives Fair Value	(219,461)	(129,016)
Net Fair Value	(167,783)	43,213
Interest Rates
Asset Derivatives Fair Value	75,824	708,726
Liability Derivatives Fair Value	(595,513)	(98,182)
Net Fair Value	(519,689)	610,544
Metals
Asset Derivatives Fair Value	282,222	787,551
Liability Derivatives Fair Value	(328,733)	(1,233,199)
Net Fair Value	(46,511)	(445,648)
Stock Indices
Asset Derivatives Fair Value	1,718,895	1,884,443
Liability Derivatives Fair Value	(1,232,834)	(883,651)
Net Fair Value	486,061	1,000,792
Treasury Rates
Asset Derivatives Fair Value	41,477	18,539
Liability Derivatives Fair Value	(226,788)	(77,820)
Net Fair Value	$ (185,311)	$ (59,281)

7. FINANCIAL DERIVATIVE INSTR32

7. FINANCIAL DERIVATIVE INSTRUMENTS - Trading results of derivative trading (Details)		3 Months Ended
		Mar. 31, 2017USD ($)Integer	Mar. 31, 2016USD ($)Integer
Realized		$ 6,929,468	$ 7,823,201
Change in Unrealized		(3,505,577)	496,926
Agriculture
Realized		(167,028)	804,166
Change in Unrealized		(167,811)	(583,258)
Currencies
Realized		(1,549,459)	253,561
Change in Unrealized		(2,262,788)	(3,747,444)
Energy
Realized		(1,506,968)	2,861,645
Change in Unrealized		(210,996)	(433,084)
Interest Rates
Realized		62,846	8,403,924
Change in Unrealized		(1,130,233)	5,184,383
Metals
Realized		(1,873,777)	(4,156,812)
Change in Unrealized		399,137	(1,941,223)
Stock Indices
Realized		10,432,197	(2,296,793)
Change in Unrealized		(514,731)	(226,193)
Treasury Rates
Realized		(362,687)	2,914,297
Change in Unrealized		(126,030)	(322,093)
Futures Contracts
Realized		5,035,124	8,783,988
Change in Unrealized		$ (4,013,452)	$ (2,068,912)
Number of Contracts Closed \| Integer	[1]	17,590	21,211
Forward Contracts
Realized		$ 1,894,344	$ (960,787)
Change in Unrealized		$ 507,875	$ 2,565,838
Number of Contracts Closed \| Integer				[2]

[1]	These closed contract amounts are representative of the Partnership's volume of derivative activity for futures contracts during the period.
[2]	The numbers of long contracts closed using average cost for the three months ended March 31, 2017 and 2016 were 531,994, and 577,820, respectively. The numbers of short contracts closed using average cost for average cost for the three months ended March 31, 2017 and 2016 were (385,857), and (404,903), respectively. These long and short numbers are representative of the Partnership's volume of derivative activity for forward currency contracts during those periods.

7. FINANCIAL DERIVATIVE INSTR33

7. FINANCIAL DERIVATIVE INSTRUMENTS - Offsetting Assets and Liabilities (Details) - USD ($)		Mar. 31, 2017	Dec. 31, 2016
Gross Amounts of Recognized Assets		$ 4,317,889	$ 7,340,275
Gross Amounts Offset in the Statement of Financial Condition		(3,460,923)	(3,917,890)
Net Amounts of Assets Presented in the Statement of Financial Condition		856,966	3,422,385
Gross Amounts Not Offset in the Statement of Financial Condition
Financial Instruments
Cash Collateral Received	[1]
Net Amount		856,966	3,422,385
Offsetting the Financial Liabilities and Derivative Liabilities
Gross Amounts of Recognized Liabilities		(4,401,081)	(3,917,890)
Gross Amounts Offset in the Statement of Financial Condition		3,460,923	3,917,890
Net Amounts of Liabilities Presented in the Statement of Financial Condition		(940,158)
Gross Amounts Not Offset in the Statement of Financial Condition
Financial Instruments
Cash Collateral Pledged	[1]	940,158
Net Amount
Forward Contracts
Gross Amounts of Recognized Assets		1,321,480	1,408,337
Gross Amounts Offset in the Statement of Financial Condition		(464,514)	(1,059,246)
Net Amounts of Assets Presented in the Statement of Financial Condition		856,966	349,091
Gross Amounts Not Offset in the Statement of Financial Condition
Financial Instruments
Cash Collateral Received	[1]
Net Amount		856,966	349,091
Offsetting the Financial Liabilities and Derivative Liabilities
Gross Amounts of Recognized Liabilities		(464,514)	(1,059,246)
Gross Amounts Offset in the Statement of Financial Condition		464,514	1,059,246
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
Futures Contracts
Gross Amounts of Recognized Assets		2,996,409	5,931,938
Gross Amounts Offset in the Statement of Financial Condition		(2,996,409)	(2,858,644)
Net Amounts of Assets Presented in the Statement of Financial Condition			3,073,294
Gross Amounts Not Offset in the Statement of Financial Condition
Financial Instruments
Cash Collateral Received	[1]
Net Amount			3,073,294
Offsetting the Financial Liabilities and Derivative Liabilities
Gross Amounts of Recognized Liabilities		(3,936,567)	(2,858,644)
Gross Amounts Offset in the Statement of Financial Condition		2,996,409	2,858,644
Net Amounts of Liabilities Presented in the Statement of Financial Condition		(940,158)
Gross Amounts Not Offset in the Statement of Financial Condition
Financial Instruments
Cash Collateral Pledged	[1]	940,158
Net Amount

[1]	The Partnership posted additional collateral of $23,373,332 for 2017 and $27,289,467 for 2016, 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
7. FINANCIAL DERIVATIVE INSTRUMENTS (Details Narrative)	Mar. 31, 2017USD ($)Integer	Mar. 31, 2016Integer	Dec. 31, 2016USD ($)
Notes to Financial Statements
Number of long contracts closed using average cost	531,994	577,820
Number of short contracts closed using average cost	(385,857)	(404,903)
Collateral posted with Clearing Broker \| $	$ 23,373,332		$ 27,289,467

10. FINANCIAL HIGHLIGHTS - Fina

10. FINANCIAL HIGHLIGHTS - Financial highlights of the Partnership (Details)		3 Months Ended
		Mar. 31, 2017	Mar. 31, 2016
Limited Partners, Original Class A
Total return for Limited Partners
Total return prior to incentive fees	[1]	0.37%	1.41%
Incentive fees	[1]	0.00%	0.00%
Total return after incentive fees	[1]	0.37%	1.41%
Ratio to average net asset value
Expenses prior to incentive fees	[2]	3.25%	3.28%
Incentive fees	[1]	0.00%	0.00%
Total expenses		3.25%	3.28%
Net investment (loss)	[2],[3]	(2.95%)	(3.04%)
Limited Partners, Original Class B
Total return for Limited Partners
Total return prior to incentive fees	[1]	0.62%	1.67%
Incentive fees	[1]	0.00%	0.00%
Total return after incentive fees	[1]	0.62%	1.67%
Ratio to average net asset value
Expenses prior to incentive fees	[2]	2.23%	2.20%
Incentive fees	[1]	0.00%	0.01%
Total expenses		2.23%	2.21%
Net investment (loss)	[2],[3]	(1.94%)	(1.97%)
Limited Partners, Special Interests
Total return for Limited Partners
Total return prior to incentive fees	[1]	0.68%	1.73%
Incentive fees	[1]	0.00%	0.00%
Total return after incentive fees	[1]	0.68%	1.73%
Ratio to average net asset value
Expenses prior to incentive fees	[2]	2.08%	2.03%
Incentive fees	[1]	0.00%	0.00%
Total expenses		2.08%	2.03%
Net investment (loss)	[2],[3]	(1.78%)	(1.79%)
Limited Partners, Class A
Total return for Limited Partners
Total return prior to incentive fees	[1]	(0.09%)	0.95%
Incentive fees	[1]	0.00%	(0.02%)
Total return after incentive fees	[1]	(0.09%)	0.93%
Ratio to average net asset value
Expenses prior to incentive fees	[2]	5.07%	5.12%
Incentive fees	[1]	0.00%	0.03%
Total expenses		5.07%	5.15%
Net investment (loss)	[2],[3]	(4.77%)	(4.88%)
Limited Partners, Class B
Total return for Limited Partners
Total return prior to incentive fees	[1]	0.41%	1.46%
Incentive fees	[1]	0.00%	(0.03%)
Total return after incentive fees	[1]	0.41%	1.43%
Ratio to average net asset value
Expenses prior to incentive fees	[2]	3.09%	3.08%
Incentive fees	[1]	0.00%	0.03%
Total expenses		3.09%	3.11%
Net investment (loss)	[2],[3]	(2.80%)	(2.84%)
Limited Partners, Institutional Interests
Total return for Limited Partners
Total return prior to incentive fees	[1]	0.61%	1.66%
Incentive fees	[1]	0.00%	0.00%
Total return after incentive fees	[1]	0.61%	1.66%
Ratio to average net asset value
Expenses prior to incentive fees	[2]	2.30%	2.30%
Incentive fees	[1]	0.00%	0.00%
Total expenses		2.30%	2.30%
Net investment (loss)	[2],[3]	(2.01%)	(2.06%)

[1]	Not Annualized
[2]	Annualized
[3]	Excludes incentive fee.

11. SUBSEQUENT EVENTS (Details

11. SUBSEQUENT EVENTS (Details Narrative)	1 Months Ended
11. SUBSEQUENT EVENTS (Details Narrative)	May 15, 2017USD ($)
Subsequent Events Details Narrative
Partnership subscriptions	$ 358,703