Altegris Winton Futures Fund 10-Q 14 Aug 20 2020 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information	6 Months Ended
	Jun. 30, 2020shares
Cover [Abstract]
Entity Registrant Name	Altegris Winton Futures Fund, L.P.
Entity Central Index Key	0001198415
Document Type	10-Q
Document Period End Date	Jun. 30, 2020
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Is Entity's Reporting Status Current?	Yes
Entity Filer Category	Non-accelerated Filer
Entity Emerging Growth Company	false
Entity Small Business	true
Entity Shell Company	false
Entity File Number	000-53348
Entity Incorporation, State Country Code	CO
Entity Interactive Data Current	Yes
Entity Common Stock, Shares Outstanding	0
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2020

STATEMENTS OF FINANCIAL CONDITI

STATEMENTS OF FINANCIAL CONDITION (Unaudited) - USD ($)	Jun. 30, 2020	Dec. 31, 2019
ASSETS
Cash deposit with broker	$ 1,689,244	$ 3,225,338
Segregated cash	5,405,358	7,510,328
Segregated foreign currency (cost - $1,520,685 and $1,556,629)	1,585,363	1,582,344
Net unrealized gain on open forward contracts	0	139,078
Total assets in commodity broker account	8,679,965	12,457,088
Cash	61,521,581	1,168,333
Investment securities at fair value (cost - $0 and $81,584,880)	0	81,586,344
Interest receivable	0	1,307
Total assets	70,201,546	95,213,072
Equity in commodity broker account
Net unrealized loss on open forward contracts	105,923	0
Net unrealized loss on open futures contracts	956,736	875,046
Total liabilities in commodity broker account	1,062,659	875,046
Redemptions payable	2,085,801	1,875,639
Commissions payable	87,515	116,793
Management fee payable	57,598	77,769
Service fees payable	58,292	77,478
Advisory fee payable	55,751	72,953
Administrative fee payable	11,036	15,576
Subscription received in advance	320,000	0
Other liabilities	123,218	338,809
Total liabilities	3,861,870	3,450,063
PARTNERS' CAPITAL (NET ASSET VALUE)
General Partner	3,011	3,626
Limited Partners	66,336,665	91,759,383
Total partners' capital (Net Asset Value)	66,339,676	91,763,009
Total liabilities and partners' capital	$ 70,201,546	$ 95,213,072

STATEMENTS OF FINANCIAL CONDI_2

STATEMENTS OF FINANCIAL CONDITION (Unaudited) (Parenthetical) - USD ($)	Jun. 30, 2020	Dec. 31, 2019
Statement of Financial Position [Abstract]
Cost of restricted foreign currency equity in commodity broker account	$ 1,520,685	$ 1,556,629
Investment securities at cost	$ 0	$ 81,584,880

CONDENSED SCHEDULE OF INVESTMEN

CONDENSED SCHEDULE OF INVESTMENTS - Futures Contracts (Unaudited)	6 Months Ended	12 Months Ended
	Jun. 30, 2020USD ($)Integer	Dec. 31, 2019USD ($)Integer
Fair Value	$ 0	$ 81,586,344
Futures Contracts [Member]
Fair Value	$ (956,736)	$ (875,046)
% of Partners Capital	(1.45%)	(0.96%)
Futures Contracts [Member] | Long Futures Contracts [Member]
Number of Contracts | Integer	1,845	2,242
Fair Value	$ 613,587	$ 91,935
% of Partners Capital	0.92%	0.10%
Futures Contracts [Member] | Long Futures Contracts [Member] | Agriculture [Member]
Number of Contracts | Integer	65	156
Fair Value	$ (115,805)	$ (452)
% of Partners Capital	(0.17%)	0.00%
Expiration Dates, Lower Range	Jul. 1, 2020	Jan. 1, 2020
Expiration Dates, Upper Range	Dec. 31, 2020	May 31, 2020
Futures Contracts [Member] | Long Futures Contracts [Member] | Currencies [Member]
Number of Contracts | Integer	94	304
Fair Value	$ (81,204)	$ 241,603
% of Partners Capital	(0.12%)	0.26%
Expiration Dates	Sep. 30, 2020	Mar. 31, 2020
Futures Contracts [Member] | Long Futures Contracts [Member] | Energy [Member]
Number of Contracts | Integer	1	173
Fair Value	$ 292	$ 173,680
% of Partners Capital	0.00%	0.19%
Expiration Dates, Lower Range		Jan. 1, 2020
Expiration Dates, Upper Range		Dec. 31, 2020
Expiration Dates	Dec. 31, 2020
Futures Contracts [Member] | Long Futures Contracts [Member] | Interest Rates [Member]
Number of Contracts | Integer	1,385	585
Fair Value	$ 384,505	$ (341,749)
% of Partners Capital	0.57%	(0.37%)
Expiration Dates, Lower Range	Sep. 1, 2020	Mar. 1, 2020
Expiration Dates, Upper Range	Jun. 30, 2023	Dec. 31, 2022
Futures Contracts [Member] | Long Futures Contracts [Member] | Metals [Member]
Number of Contracts | Integer	161	444
Fair Value	$ 332,404	$ 98,595
% of Partners Capital	0.50%	0.11%
Expiration Dates, Lower Range	Jul. 1, 2020	Jan. 1, 2020
Expiration Dates, Upper Range	Oct. 31, 2020	Apr. 30, 2020
Futures Contracts [Member] | Long Futures Contracts [Member] | Stock Indices [Member]
Number of Contracts | Integer	4	447
Fair Value	$ 15,387	$ 259,711
% of Partners Capital	0.02%	0.28%
Expiration Dates, Lower Range		Jan. 1, 2020
Expiration Dates, Upper Range		Mar. 31, 2020
Expiration Dates	Sep. 30, 2020
Futures Contracts [Member] | Long Futures Contracts [Member] | Treasury Rates [Member]
Number of Contracts | Integer	135	133
Fair Value	$ 78,008	$ (339,453)
% of Partners Capital	0.12%	(0.37%)
Expiration Dates	Sep. 30, 2020	Mar. 31, 2020
Futures Contracts [Member] | Short Futures Contracts [Member]
Number of Contracts | Integer	1,487	1,637
Fair Value	$ (1,570,323)	$ (966,981)
% of Partners Capital	(2.37%)	(1.06%)
Futures Contracts [Member] | Short Futures Contracts [Member] | Agriculture [Member]
Number of Contracts | Integer	450	404
Fair Value	$ (37,482)	$ (555,156)
% of Partners Capital	(0.06%)	(0.60%)
Expiration Dates, Lower Range	Aug. 1, 2020	Feb. 1, 2020
Expiration Dates, Upper Range	Mar. 31, 2021	May 31, 2020
Futures Contracts [Member] | Short Futures Contracts [Member] | Currencies [Member]
Number of Contracts | Integer	160	403
Fair Value	$ 197,035	$ (513,939)
% of Partners Capital	0.30%	(0.56%)
Expiration Dates	Sep. 30, 2020	Mar. 31, 2020
Futures Contracts [Member] | Short Futures Contracts [Member] | Energy [Member]
Number of Contracts | Integer	268	222
Fair Value	$ (369,517)	$ 269,804
% of Partners Capital	(0.56%)	0.29%
Expiration Dates, Lower Range	Jul. 1, 2020	Jan. 1, 2020
Expiration Dates, Upper Range	Nov. 30, 2021	Mar. 31, 2020
Futures Contracts [Member] | Short Futures Contracts [Member] | Interest Rates [Member]
Number of Contracts | Integer	26	162
Fair Value	$ (29)	$ 9,142
% of Partners Capital	0.00%	0.01%
Expiration Dates, Lower Range	Sep. 1, 2020	Mar. 31, 2020
Expiration Dates, Upper Range	Dec. 31, 2020	Sep. 30, 2020
Futures Contracts [Member] | Short Futures Contracts [Member] | Metals [Member]
Number of Contracts | Integer	405	178
Fair Value	$ (1,330,742)	$ (151,593)
% of Partners Capital	(2.01%)	(0.17%)
Expiration Dates, Lower Range	Jul. 1, 2020	Jan. 1, 2020
Expiration Dates, Upper Range	Oct. 31, 2020	Apr. 30, 2020
Futures Contracts [Member] | Short Futures Contracts [Member] | Stock Indices [Member]
Number of Contracts | Integer	178	86
Fair Value	$ (29,588)	$ (64,403)
% of Partners Capital	(0.04%)	(0.07%)
Expiration Dates, Lower Range	Jul. 1, 2020
Expiration Dates, Upper Range	Sep. 30, 2020
Expiration Dates		Mar. 31, 2020
Futures Contracts [Member] | Short Futures Contracts [Member] | Treasury Rates [Member]
Number of Contracts | Integer		182
Fair Value		$ 39,164
% of Partners Capital		0.04%
Expiration Dates		Mar. 31, 2020
Forward Contracts [Member] | Currencies [Member]
Fair Value	$ (105,923)	$ 139,078
% of Partners Capital	(0.16%)	0.15%
Forward Contracts [Member] | Unrealized Gain on Forward Contracts [Member] | Currencies [Member]
Fair Value	$ 139,081
% of Partners Capital	0.21%
Expiration Dates, Lower Range	Jul. 1, 2020
Expiration Dates, Upper Range	Sep. 30, 2020
Forward Contracts [Member] | Unrealized Loss on Forward Contracts [Member] | Currencies [Member]
Fair Value	$ (245,004)
% of Partners Capital	(0.37%)
Expiration Dates, Lower Range	Jul. 1, 2020
Expiration Dates, Upper Range	Sep. 30, 2020
Forward Contracts [Member] | Long Forward Contracts [Member] | Currencies [Member]
Fair Value		$ 387,111
% of Partners Capital		0.42%
Expiration Dates, Lower Range		Jan. 1, 2020
Expiration Dates, Upper Range		Mar. 31, 2020
Forward Contracts [Member] | Short Forward Contracts [Member] | Currencies [Member]
Fair Value		$ (248,033)
% of Partners Capital		(0.27%)
Expiration Dates, Lower Range		Jan. 1, 2020
Expiration Dates, Upper Range		Mar. 31, 2020

CONDENSED SCHEDULE OF INVESTM_2

CONDENSED SCHEDULE OF INVESTMENTS - Fixed Income Investments (Unaudited)	12 Months Ended
	Dec. 31, 2019USD ($)
Value	$ 81,586,344
At Cost	81,584,880
Fixed Income Investments [Member]
Value	$ 81,586,344
% of Partners Capital	88.91%
At Cost	$ 81,584,880
Fixed Income Investments [Member] | US Government Agency Bonds and Notes [Member]
Value	$ 60,863,263
% of Partners Capital	66.33%
At Cost	$ 60,861,500
Fixed Income Investments [Member] | US Government Agency Bonds and Notes [Member] | Federal Farm Credit Bank Disc Note, 1.15% [Member]
Face Value	22,503,000
Value	$ 22,502,281
% of Partners Capital	24.52%
Maturity Date	Jan. 2, 2020
Interest Rate/Yield	1.15%
Fixed Income Investments [Member] | US Government Agency Bonds and Notes [Member] | Federal Home Loan Bank Disc Note, 1.15%
Face Value	$ 23,370,000
Value	$ 23,370,000
% of Partners Capital	25.47%
Maturity Date	Jan. 2, 2020
Interest Rate/Yield	1.15%
Fixed Income Investments [Member] | US Government Agency Bonds and Notes [Member] | Federal Home Loan Bank Disc Note,1.57%
Face Value	$ 5,000,000
Value	$ 4,999,790
% of Partners Capital	5.45%
Maturity Date	Jan. 3, 2020
Interest Rate/Yield	1.57%
Fixed Income Investments [Member] | US Government Agency Bonds and Notes [Member] | Federal Home Loan Bank Disc Note,1.58%
Face Value	$ 10,000,000
Value	$ 9,991,192
% of Partners Capital	10.89%
Maturity Date	Jan. 23, 2020
Interest Rate/Yield	1.58%
Fixed Income Investments [Member] | Certificates of Deposit [Member]
Value	$ 1,633,982
% of Partners Capital	1.78%
At Cost	$ 1,634,000
Fixed Income Investments [Member] | Certificates of Deposit [Member] | The Chiba Bank Ltd 1.80% [Member]
Face Value	1,633,982
Value	$ 1,633,982
% of Partners Capital	1.78%
Maturity Date	Jan. 15, 2020
Interest Rate/Yield	1.80%
Fixed Income Investments [Member] | Corporate Notes [Member]
Value	$ 19,089,099
% of Partners Capital	20.80%
At Cost	$ 19,089,380
Fixed Income Investments [Member] | Corporate Notes [Member] | Cedar Springs Capital Company LLC, 1.59% [Member]
Face Value	864,000
Value	$ 863,962
% of Partners Capital	0.94%
Maturity Date	Jan. 2, 2020
Interest Rate/Yield	1.59%
Fixed Income Investments [Member] | Corporate Notes [Member] | Chevron Corporation, 1.63% [Member]
Face Value	$ 3,210,000
Value	$ 3,208,079
% of Partners Capital	3.50%
Maturity Date	Jan. 14, 2020
Interest Rate/Yield	1.63%
Fixed Income Investments [Member] | Corporate Notes [Member] | DCAT, LLC, 1.94% [Member]
Face Value	$ 1,636,000
Value	$ 1,635,491
% of Partners Capital	1.78%
Maturity Date	Jan. 7, 2020
Interest Rate/Yield	1.94%
Fixed Income Investments [Member] | Corporate Notes [Member] | Exxon Mobil Corp Disc Note, 1.69% [Member]
Face Value	$ 2,453,000
Value	$ 2,451,608
% of Partners Capital	2.67%
Maturity Date	Jan. 13, 2020
Interest Rate/Yield	1.69%
Fixed Income Investments [Member] | Corporate Notes [Member] | MetLife Short Term Funding LLC, 1.81% [Member]
Face Value	$ 2,453,000
Value	$ 2,451,450
% of Partners Capital	2.67%
Maturity Date	Jan. 13, 2020
Interest Rate/Yield	1.81%
Fixed Income Investments [Member] | Corporate Notes [Member] | PACCAR Financial Corporation, 1.66% [Member]
Face Value	$ 1,637,000
Value	$ 1,635,342
% of Partners Capital	1.78%
Maturity Date	Jan. 22, 2020
Interest Rate/Yield	1.66%
Fixed Income Investments [Member] | Corporate Notes [Member] | The Home Depot, Inc., 1.46% [Member]
Face Value	$ 2,000,000
Value	$ 1,999,919
% of Partners Capital	2.18%
Maturity Date	Jan. 2, 2020
Interest Rate/Yield	1.46%
Fixed Income Investments [Member] | Corporate Notes [Member] | The Home Depot, Inc., 1.56% [Member]
Face Value	$ 1,636,000
Value	$ 1,635,575
% of Partners Capital	1.78%
Maturity Date	Jan. 6, 2020
Interest Rate/Yield	1.56%
Fixed Income Investments [Member] | Corporate Notes [Member] | Thunder Bay Funding, LLC, 1.88% [Member]
Face Value	$ 3,210,000
Value	$ 3,207,673
% of Partners Capital	3.50%
Maturity Date	Jan. 15, 2020
Interest Rate/Yield	1.88%

STATEMENTS OF INCOME (LOSS) (Un

STATEMENTS OF INCOME (LOSS) (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Gain (loss) on trading of derivatives contracts
Net realized	$ (3,580,675)	$ (832,173)	$ (12,803,879)	$ (4,238,140)
Net change in unrealized	(1,971,635)	182,667	(326,691)	4,299,886
Brokerage Commissions	(281,709)	(418,843)	(612,515)	(873,962)
Net loss from trading derivatives contracts	(5,834,019)	(1,068,349)	(13,743,085)	(812,216)
Gain (loss) on trading of securities
Net realized	0	245	0	245
Net change in unrealized	(8,269)	3,733	(1,464)	2,707
Net gain (loss) from trading securities	(8,269)	3,978	(1,464)	2,952
Gain (loss) on trading of foreign currency
Net realized	(6,161)	(13,584)	(38,614)	(9,561)
Net change in unrealized	60,618	3,237	38,963	6,728
Net gain (loss) from trading foreign currency	54,457	(10,347)	349	(2,833)
Total trading losses	(5,787,831)	(1,074,718)	(13,744,200)	(812,097)
Income
Interest income	22,386	640,363	294,594	1,338,480
Expenses
Management fee	184,548	288,331	404,408	603,917
Service fees	157,620	280,064	349,076	591,153
Advisory fee	177,386	264,792	385,396	552,501
Professional fees	87,264	173,250	177,061	352,692
Administrative fee	35,712	59,814	79,219	125,502
Incentive fee	0	0	0	791
Interest expense	6,078	1,737	9,690	4,101
Other expenses	(1,355)	6,561	11,792	6,715
Total expenses	647,253	1,074,549	1,416,642	2,237,372
Net investment loss	(624,867)	(434,186)	(1,122,048)	(898,892)
NET LOSS	$ (6,412,698)	$ (1,508,904)	$ (14,866,248)	$ (1,710,989)

STATEMENTS OF CHANGES IN PARTNE

STATEMENTS OF CHANGES IN PARTNERS' CAPITAL (NET ASSET VALUE) (Unaudited) - USD ($)	Total	Limited Partners Original Class A [Member]	Limited Partners Original Class B [Member]	Limited Partners Special Interests [Member]	Limited Partners Class A [Member]	Limited Partners Class B [Member]	Limited Partners Institutional Interests [Member]	General Partners [Member]
Balances at Dec. 31, 2018	$ 126,006,040	$ 6,447,701	$ 319,220	$ 18,571,965	$ 58,975,751	$ 23,965,097	$ 17,722,655	$ 3,651
Transfers					(190,385)	190,385
Capital additions	246,000				246,000
Capital withdrawals	(22,290,672)	(868,038)	(99,731)		(12,073,755)	(4,315,733)	(4,933,415)
Net investment loss	(898,892)	(31,740)	(108)	15,951	(775,371)	(100,981)	(6,633)	(10)
Net realized loss from investments (net of brokerage commissions)	(5,121,418)	(264,559)	(11,343)	(802,417)	(2,377,605)	(966,419)	(699,030)	(45)
Net change in unrealized gain from investments	4,309,321	221,491	12,044	660,985	1,985,734	826,369	602,690	8
Net loss	(1,710,989)	(74,808)	593	(125,481)	(1,167,242)	(241,031)	(102,973)	(47)
Balances at Jun. 30, 2019	102,250,379	5,504,855	220,082	18,446,484	45,790,369	19,598,718	12,686,267	3,604
Balances at Dec. 31, 2019	91,763,009	5,337,690	222,495	18,671,824	37,192,540	18,212,829	12,122,005	3,626
Capital additions	21,787						21,787
Capital withdrawals	(10,578,872)	(1,053,901)	(29,991)		(6,063,047)	(3,164,640)	(267,293)
Net investment loss	(1,122,048)	(55,428)	(1,421)	(112,716)	(677,858)	(187,112)	(87,471)	(42)
Net realized loss from investments (net of brokerage commissions)	(13,455,008)	(746,714)	(30,054)	(2,912,696)	(5,253,841)	(2,618,039)	(1,893,101)	(563)
Net change in unrealized gain from investments	(289,192)	(21,927)	(1,626)	(50,034)	(110,683)	(72,369)	(32,543)	(10)
Net loss	(14,866,248)	(824,069)	(33,101)	(3,075,446)	(6,042,382)	(2,877,520)	(2,013,115)	(615)
Balances at Jun. 30, 2020	$ 66,339,676	$ 3,459,720	$ 159,403	$ 15,596,378	$ 25,087,111	$ 12,170,669	$ 9,863,384	$ 3,011

1. ORGANIZATION AND SIGNIFICANT

1. ORGANIZATION AND SIGNIFICANT ACCOUNTING POLICIES	6 Months Ended
	Jun. 30, 2020
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 Colorado limited partnership 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 General Partner has the overall responsibility for the management, operation and administration of the Partnership, including the selection of its commodity trading adviser. The Partnership's trading activities are conducted pursuant to an advisor contract with Winton Capital Management Limited (the "Advisor"). 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. The General Partner is registered with the U.S. Securities and Exchange Commission under the U.S. Investment Advisers Act of 1940, as amended, as an investment adviser and is registered with the Commodity Futures Trading Commission (“CFTC”) as a commodity pool operator, and is a member of the National Futures Association, an industry self-regulatory organization. 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 June 30, 2020 and December 31, 2019, and reported amounts of income and expenses for the three and six months ended June 30, 2020 and 2019, respectively. Management believes that the estimates utilized in preparing the Partnership’s financial statements are reasonable; however, actual results could differ from these estimates and it is reasonably possible that differences could be material. The financial information included herein is unaudited; however, such financial information reflects all adjustments which are, in the opinion of the General Partner, necessary for the fair presentation of the financial statements for the interim period. C. Fair Value In accordance with the authoritative guidance under U.S. GAAP, fair value is defined as the price that would be received to sell an asset or paid to transfer a liability (i.e. the “exit price”) in an orderly transaction between market participants at the measurement date. In determining fair value, the Partnership uses various valuation approaches. The authoritative guidance under U.S. GAAP establishes a fair value hierarchy for inputs used in measuring fair value that maximizes the use of observable inputs and minimizes the use of unobservable inputs by requiring that the most observable inputs be used when available. Observable inputs are those that market participants would use in pricing the asset or liability based on market data obtained from sources independent of the Partnership. Unobservable inputs reflect the Partnership’s assumption about the inputs market participants would use in pricing the asset or liability developed based on the best information available in the circumstances. The fair value hierarchy is categorized into three levels based on the inputs as follows: Level 1 - Unadjusted quoted prices in active markets for identical, unrestricted assets or liabilities that the Partnership has the ability to access at the measurement date; Level 2 - Quoted prices which are not active, or inputs that are observable (either directly or indirectly) for substantially the full term of the asset or liability; and Level 3 - Prices, inputs or exotic modeling techniques which are both significant to the fair value measurement and unobservable (supported by little or no market activity). The availability of valuation techniques and observable inputs can vary from assets and liabilities and is affected by a wide variety of factors, including the type of asset or liability, whether the asset or liability is new and not yet established in the marketplace, and other characteristics particular to the transaction. To the extent that valuation is based on models or inputs that are less observable or unobservable in the market, the determination of fair value requires more judgment. Those estimated values do not necessarily represent the amounts that may be ultimately realized due to the occurrence of future circumstances that cannot be reasonably determined. Because of the inherent uncertainty of valuation, those estimated values may be materially higher or lower than the values that would have been used had a ready market for the asset or liability existed. Accordingly, the degree of judgment exercised by the Partnership in determining fair value is greatest for assets and liabilities categorized in Level 3. In certain cases, the inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, for disclosure purposes, the level in the fair value hierarchy within which the fair value measurement falls in its entirety is determined by the lowest level input that is significant to the fair value measurement. C. 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 reclassified to a lower level within the fair value hierarchy. The Partnership values futures and options on futures contracts at the closing price of the contract’s primary exchange. The Partnership generally 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 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 and notes are generally categorized in Levels 1 or 2 of the fair value hierarchy. As of June 30, 2020 and December 31, 2019, none of the Partnership’s holdings in U.S. government agency bonds and notes were fair valued using valuation models. 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 June 30, 2020 or December 31, 2019, none of the Partnership’s holdings in corporate notes were fair valued using valuation models. The fair value of certificates of deposit is determined based on a constant maturity curve for comparable instruments denominated in USD. This valuation method represents both a market and income approach to fair value measurement. Certificates of deposit are categorized in Level 2 of the fair value hierarchy. 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 six month period ended June 30, 2020 and the year ended December 31, 2019. The following table presents information about the Partnership’s assets and liabilities measured at fair value as June 30, 2020 and December 31, 2019: Balance as of June 30, 2020 Level 1 Level 2 Level 3 June 30, 2020 Assets: Futures contracts (1) $ 1,332,858 $ – $ – $ 1,332,858 Forward currency contracts (1) – 139,081 – 139,081 $ 1,332,858 $ 139,081 $ – $ 1,471,939 Liabilities: Futures contracts (1) $ (2,289,594 ) $ – $ – $ (2,289,594 ) Forward currency contracts (1) – (245,004 ) – (245,004 ) $ (2,289,594 ) $ (245,004 ) $ – $ (2,534,598 ) Balance as of December 31, 2019 Level 1 Level 2 Level 3 December 31, 2019 Assets: Futures contracts (1) $ 2,277,168 $ – $ – $ 2,277,168 Forward currency contracts (1) – 403,817 – 403,817 U.S. Government agency bonds and notes – 60,863,263 – 60,863,263 Corporate notes – 19,089,099 – 19,089,099 Certificates of deposit – 1,633,982 – 1,633,982 $ 2,277,168 $ 81,990,161 $ – $ 84,267,329 Liabilities: Futures contracts (1) $ (3,152,214 ) $ – $ – $ (3,152,214 ) Forward currency contracts (1) – (264,739 ) – (264,739 ) $ (3,152,214 ) $ (264,739 ) $ – $ (3,416,953 ) (1) See Note 7. “Financial Derivative Instruments” for the fair value in each type of contracts within this category. For the six month period ended June 30, 2020 and the year ended December 31, 2019, 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 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, 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 quarter 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 June 30, 2020 and December 31, 2019, the Partnership’s Segregated cash balance on the Statements of Financial Condition of $5,405,358 and $7,510,328, respectively, represents the collateral pledged by the Partnership to satisfy the Clearing Broker’s margin requirements in US Dollars. As of June 30, 2020 and December 31, 2019, the Partnership’s Segregated foreign currency balance on the Statements of Financial Condition of $1,585,363 and $1,582,344, 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 an 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 June 30, 2020 and December 31, 2019, 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 settled variation margin on the Statements of Financial Condition. Due from / Due to broker amounts on the Statements of Financial Condition represent receivables / payables related to the Partnership’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 June 30, 2020 and December 31, 2019 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 June 30, 2020 and December 31, 2019 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. and Northern Trust Company. 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 segregated cash and segregated foreign currency are held as margin collateral for futures transactions. J. 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 June 30, 2020 and December 31, 2019. 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 2016. 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 for the six months ended June 30, 2020 and 2019.

2. PARTNERS' CAPITAL

2. PARTNERS' CAPITAL	6 Months Ended
	Jun. 30, 2020
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 six months ended June 30, 2020 and 2019.

3. RELATED PARTY TRANSACTIONS

3. RELATED PARTY TRANSACTIONS	6 Months Ended
	Jun. 30, 2020
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 and six months ended June 30, 2020 and 2019 are shown on the Statements of Income (Loss) as a 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 and six months ended June 30, 2020, administrative fees for Class A Interests were $23,748 and $52,755, respectively and administrative fees for Class B Interests were $11,964 and $26,464 respectively. For the three and six months ended June 30, 2019, administrative fees for Class A Interests were $42,181 and $88,748, respectively and administrative fees for Class B Interests were $17,633 and $36,754, 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, L.L.C. and Altegris Clearing Solutions, L.L.C. Altegris Investments, L.L.C. (“Altegris Investments”), an affiliate of the General Partner, is registered as a broker-dealer with the SEC and 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 June 30, 2020 and December 31, 2019, the Partnership had commissions and brokerage fees payable to its introducing broker of $67,523 and $93,519, respectively, and service fees payable to Altegris Investments of $8,888 and $13,865, respectively. These amounts are included in commissions payable and service fees payable on the Statements of Financial Condition, respectively. The amounts shown on the Statements of Financial Condition include fees payable to non-related parties. The following tables show the fees paid to Altegris Investments and Altegris Clearing Solutions for the three and six months ended June 30, 2020 and 2019: Three months ended Six months ended Three months ended Six months ended June 30, 2020 June 30, 2020 June 30, 2019 June 30, 2019 Altegris Clearing Solutions - Brokerage Commission fees $ 228,014 $ 495,674 $ 333,891 $ 723,800 Altegris Investments- Service fees 28,904 65,871 46,172 96,504 Total $ 256,918 $ 561,545 $ 380,063 $ 820,304 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	6 Months Ended
	Jun. 30, 2020
ADVISORY CONTRACT [Abstract]
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 and six months ended June 30, 2020 and 2019 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 and six months ended June 30, 2020, management fees for Class A Interests were $71,964 and $159,866, respectively, management fees for Class B Interests were $36,255 and $80,194, respectively, management fees for Original Class B Interests were $426 and $947, respectively, management fees for Special Interests were $41,666 and $87,517, respectively and management fees for Institutional Interests were $27,075 and $56,872, respectively. For the three and six months ended June 30, 2019, management fees for Class A Interests were $127,820 and $268,933, respectively, management fees for Class B Interests were $53,434 and $111,377, respectively, management fees for Original Class B Interests were $641 and $1,432, respectively, management fees for Special Interests were $46,871 and $92,877, respectively and management fees for Institutional Interests were $36,026 and $77,882, respectively. General Partner’s Interest and Original Class A Interests did not get charged the management fee.

5. SERVICE FEES

5. SERVICE FEES	6 Months Ended
	Jun. 30, 2020
Number of long contracts closed using average cost
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 and six months ended June 30, 2020, service fees for General Partner’s Interest, were $15 and $32, respectively, service fees for Class A Interests were $137,658 and $305,197, respectively, service fees for Original Class A Interests were $19,947 and $43,847, respectively and service fees for Institutional Interests were $nil and $nil, respectively. For the three and six months ended June 30, 2019, service fees for General Partner’s Interest, were $18 and $36, respectively, service fees for Class A Interests were $251,607 and $530,808, respectively, service fees for Original Class A Interests were $28,439 and $59,546, respectively and service fees for Institutional Interests were $0 and $763, respectively. Class B, Original Class B and Special Interests did not get charged the service fees.

6. BROKERAGE COMMISSIONS

6. BROKERAGE COMMISSIONS	6 Months Ended
	Jun. 30, 2020
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	6 Months Ended
	Jun. 30, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract]
FINANCIAL DERIVATIVE INSTRUMENTS	NOTE 7 - FINANCIAL DERIVATIVE INSTRUMENTS The Partnership engages in the speculative trading of futures contracts 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 Topic of the Accounting Standards Codification (“ASC”), nor are they used for other risk management purposes. The Advisor and General Partner actively assess, manage and monitor risk exposure on derivatives on a contract basis, a sector basis (e.g., interest rate derivatives, agricultural derivatives, etc.), and on an overall basis in accordance with established risk parameters. Due to the speculative nature of the Partnership’s derivative trading activity, the Partnership is subject to the risk of substantial losses from derivatives trading. The following presents the fair value of derivatives contracts at June 30, 2020 and December 31, 2019. The fair value of derivatives contracts is presented as an asset if in a gain position and a liability if in a loss position. Fair value is presented on a gross basis in the table below even though the futures and forward contracts qualify for net presentation in the Statements of Financial Condition. June 30, 2020 Assets Liability Type of Derivatives Derivatives Net Derivatives Contracts Fair Value Fair Value Fair Value Futures Contracts Agriculture $ 74,125 $ (227,412 ) $ (153,287 ) Currencies 197,325 (81,494 ) 115,831 Energy 47,633 (416,858 ) (369,225 ) Interest Rates 391,188 (6,712 ) 384,476 Metals 407,969 (1,406,307 ) (998,338 ) Stock Indices 136,611 (150,812 ) (14,201 ) Treasury Rates 78,008 – 78,008 Total Futures Contracts $ 1,332,859 $ (2,289,595 ) $ (956,736 ) Forward Currency Contracts $ 139,081 $ (245,004 ) $ (105,923 ) Total Gross Fair Value of Derivatives Contracts $ 1,471,940 $ (2,534,599 ) $ (1,062,659 ) December 31, 2019 Assets Liability Type of Derivatives Derivatives Net Derivatives Contracts Fair Value Fair Value Fair Value Futures Contracts Agriculture $ 80,153 $ (635,761 ) $ (555,608 ) Currencies 247,206 (519,542 ) (272,336 ) Energy 453,237 (9,753 ) 443,484 Interest Rates 21,185 (353,792 ) (332,607 ) Metals 1,091,050 (1,144,048 ) (52,998 ) Stock Indices 345,173 (149,865 ) 195,308 Treasury Rates 39,164 (339,453 ) (300,289 ) Total Futures Contracts $ 2,277,168 $ (3,152,214 ) $ (875,046 ) Forward Currency Contracts $ 403,817 $ (264,739 ) $ 139,078 Total Gross Fair Value of Derivatives Contracts $ 2,680,985 $ (3,416,953 ) $ (735,968 ) 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 and six months ended June 30, 2020 and 2019. 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 June 30, 2020 Type of Derivatives Contracts Realized Change in Unrealized Average Notional Value of Contracts Futures Contracts Agriculture $ 158,086 $ (194,862 ) Currencies (959,646 ) (69,636 ) Energy (9,236 ) (899,756 ) Interest Rates (237,492 ) 437,657 Metals (1,190,160 ) (1,594,183 ) Stock Indices (1,130,114 ) 129,475 Treasury Rates 339,625 (278,164 ) Total Future Contracts $ (3,028,937 ) $ (2,469,469 ) $ 372,345,111 (1) Forward Currency Contracts $ (551,738 ) $ 497,834 $ 29,519,011 (2) Total Gain (loss) from Derivatives Contracts $ (3,580,675 ) $ (1,971,635 ) Six Months Ended June 30, 2020 Type of Derivatives Contracts Realized Change in Unrealized Average Notional Value of Contracts Futures Contracts Agriculture $ (580,885 ) $ 402,321 Currencies (2,345,756 ) 388,167 Energy (1,248,463 ) (812,709 ) Interest Rates (776,019 ) 717,083 Metals (1,552,962 ) (945,340 ) Stock Indices (6,340,890 ) (209,509 ) Treasury Rates 916,453 378,297 Total Future Contracts $ (11,928,522 ) $ (81,690 ) $ 365,539,007 (1) Forward Currency Contracts $ (875,357 ) $ (245,001 ) $ 37,926,526 (2) Total Gain (loss) from Derivatives Contracts $ (12,803,879 ) $ (326,691 ) ( 1) The average notional value of futures contracts are representative of the Partnership’s volume of derivative activity for futures contracts during the respective periods under review. (2) The average notional value of forward currency contracts are representative of the Partnership’s volume of derivative activity for forward currency contracts during the respective periods under review. Three Months Ended June 30, 2019 Type of Derivatives Contracts Realized Change in Unrealized Average Notional Value of Contracts Futures Contracts Agriculture $ (549,773 ) $ (918,737 ) Currencies (37,774 ) (400,458 ) Energy (1,382,368 ) 179,754 Interest Rates 819,337 1,067,224 Metals (730,980 ) (220,423 ) Stock Indices 704,436 (263,875 ) Treasury Rates 274,992 370,758 Total Futures Contracts $ (902,130 ) $ (185,757 ) $ 652,042,349 (1) Forward Currency Contracts $ 69,957 $ 368,424 $ 77,516,181 (2) Total Gain (loss) from Derivatives Contracts $ (832,173 ) $ 182,667 Six Months Ended June 30, 2019 Type of Derivatives Contracts Realized Change in Unrealized Average Notional Value of Contracts Futures Contracts Agriculture $ (508,093 ) $ (205,475 ) Currencies (482,240 ) 174,463 Energy (3,922,997 ) 979,967 Interest Rates 1,618,379 1,088,766 Metals (2,486,616 ) 1,254,455 Stock Indices 1,017,906 299,492 Treasury Rates 277,453 425,617 Total Futures Contracts $ (4,486,208 ) $ 4,017,285 $ 586,376,245 (1) Forward Currency Contracts $ 248,068 $ 282,601 $ 70,927,454 (2) Total Gain (loss) from Derivatives Contracts $ (4,238,140 ) $ 4,299,886 (1) The average notional value of futures contracts are representative of the Partnership’s volume of derivative activity for futures contracts during the respective periods under review. (2) The average notional value of forward currency contracts are representative of the Partnership’s volume of derivative activity for forward currency contracts during the respective periods under review. 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 Statements of Financial Condition As of June 30, 2020 Description Gross Amounts of Recognized Assets Gross Amounts Offset in the Statements of Financial Condition Net Amounts of Assets Presented in the Statements of Financial Condition Financial Instruments Cash Collateral Received (1) Net Amount Forward Contracts 139,081 (139,081 ) – – – – Total 139,081 (139,081 ) – – – – Offsetting the Financial Liabilities and Derivative Liabilities Gross Amounts Not Offset in the Statements of Financial Condition As of June 30, 2020 Description Gross Amounts of Recognized Liabilities Gross Amounts Offset in the Statements of Financial Condition Net Amounts of Liabilities Presented in the Statements of Financial Condition Financial Instruments Cash Collateral Pledged (1) Net Amount Forward Contracts (245,004 ) 139,081 (105,923 ) – 105,923 – Total (245,004 ) 139,081 (105,923 ) – 105,923 – Offsetting the Financial Assets and Derivative Assets Gross Amounts Not Offset in the Statements of Financial Condition As of December 31, 2019 Description Gross Gross Amounts Offset in the Net Amounts Financial Cash Collateral Received (1) Net Amount Forward contracts 403,817 (264,739 ) 139,078 – – 139,078 Total 403,817 (264,739 ) 139,078 – – 139,078 Offsetting the Financial Liabilities and Derivative Liabilities Gross Amounts Not Offset in the Statements of Financial Condition As of December 31, 2019 Description Gross Gross Amounts Offset in the Net Amounts Financial Cash Collateral Received (1) Net Amount Forward contracts (264,739 ) 264,739 – – – – Total (264,739 ) 264,739 – – – – (1) The Partnership posted additional collateral of $447,527 as of June 30, 2020 and $1,582,675 for December 31, 2019 with the Clearing Broker. There was no cash collateral receivable by the Partnership from the Clearing Broker as of June 30, 2020 and December 31, 2019. 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	6 Months Ended
	Jun. 30, 2020
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 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). 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. 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. 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	6 Months Ended
	Jun. 30, 2020
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	6 Months Ended
	Jun. 30, 2020
Ongoing Sales Service Fees
FINANCIAL HIGHLIGHTS	NOTE 10 - FINANCIAL HIGHLIGHTS The following information presents the financial highlights of the Partnership for the three and six months ended June 30, 2020 and 2019. This information has been derived from information presented in the financial statements. Three months ended June 30, 2020 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 (8.36)% (8.14)% (8.09)% (8.78)% (8.35)% (8.14)% Incentive fees (0.00)% (0.00)% (0.00)% (0.00)% (0.00)% (0.00)% Total return after incentive fees (8.36)% (8.14)% (8.09)% (8.78)% (8.35)% (8.14)% Ratio to average net asset value Expenses prior to incentive fees (2) 3.29% 2.30% 2.04% 5.14% 3.21% 2.30% Incentive fees (3) 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% Total expenses 3.29% 2.30% 2.04% 5.14% 3.21% 2.30% Net investment (loss) (1) (2) (3.12)% (2.16)% (1.90)% (4.97)% (3.06)% (2.16)% Six months ended June 30, 2020 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 (16.96)% (16.58)% (16.48)% (17.76)% (16.94)% (16.58)% Incentive fees (0.00)% (0.00)% (0.00)% (0.00)% (0.00)% (0.00)% Total return after incentive fees (16.96)% (16.58)% (16.48)% (17.76)% (16.94)% (16.58)% Ratio to average net asset value Expenses prior to incentive fees (2) 3.26% 2.29% 2.02% 5.13% 3.17% 2.27% Incentive fees (3) 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% Total expenses 3.26% 2.29% 2.02% 5.13% 3.17% 2.27% Net investment (loss) (1) (2) (2.48)% (1.53)% (1.31)% (4.35)% (2.41)% (1.56)% Three months ended June 30, 2019 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 (1.33)% (1.09)% (1.03)% (1.78)% (1.29)% (1.09)% Incentive fees (0.00)% (0.00)% (0.00)% (0.00)% (0.00)% (0.00)% Total return after incentive fees (1.33)% (1.09)% (1.03)% (1.78)% (1.29)% (1.09)% Ratio to average net asset value Expenses prior to incentive fees (2) 3.37% 2.26% 2.16% 5.18% 3.20% 2.38% Incentive fees (3) 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% Total expenses 3.37% 2.26% 2.16% 5.18% 3.20% 2.38% Net investment (loss) (1) (2) (1.08)% (0.10)% 0.14% (2.90)% (0.93)% (0.11)% Six months ended June 30, 2019 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 (1.28)% (0.80)% (0.68)% (2.18)% (1.21)% (0.80)% Incentive fees (0.00)% (0.00)% (0.00)% (0.00)% (0.00)% (0.00)% Total return after incentive fees (1.28)% (0.80)% (0.68)% (2.18)% (1.21)% (0.80)% Ratio to average net asset value Expenses prior to incentive fees (2) 3.32% 2.33% 2.13% 5.12% 3.17% 2.34% Incentive fees (3) 0. 00% 0.00% 0.00% 0.00% 0.00% 0.00% Total expenses 3.32% 2.33% 2.13% 5.12% 3.17% 2.34% Net investment (loss) (1) (2) (1.04)% (0.07)% 0.17% (2.85)% (0.90)% (0.08)% 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	6 Months Ended
	Jun. 30, 2020
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 June 30, 2020 have occurred that would require recognition or disclosure, except as noted below. From July 1, 2020 through August 10, 2020, the Partnership had subscriptions of $310,400 and redemptions of $2,680,444.

1. ORGANIZATION AND SIGNIFICA_2

1. ORGANIZATION AND SIGNIFICANT ACCOUNTING POLICIES (Policies)	6 Months Ended
	Jun. 30, 2020
Accounting Policies [Abstract]
General Description of the Partnership	A. General Description of the Partnership Altegris Winton Futures Fund, L.P. (the “Partnership”) was organized as a Colorado limited partnership 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 General Partner has the overall responsibility for the management, operation and administration of the Partnership, including the selection of its commodity trading adviser. The Partnership's trading activities are conducted pursuant to an advisor contract with Winton Capital Management Limited (the "Advisor"). 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 The General Partner is registered with the U.S. Securities and Exchange Commission under the U.S. Investment Advisers Act of 1940, as amended, as an investment adviser and is registered with the Commodity Futures Trading Commission (“CFTC”) as a commodity pool operator, and is a member of the National Futures Association, an industry self-regulatory organization.
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 June 30, 2020 and December 31, 2019, and reported amounts of income and expenses for the three and six months ended June 30, 2020 and 2019, respectively. Management believes that the estimates utilized in preparing the Partnership’s financial statements are reasonable; however, actual results could differ from these estimates and it is reasonably possible that differences could be material. The financial information included herein is unaudited; however, such financial information reflects all adjustments which are, in the opinion of the General Partner, necessary for the fair presentation of the financial statements for the interim period.
Fair Value	C. Fair Value In accordance with the authoritative guidance under U.S. GAAP, fair value is defined as the price that would be received to sell an asset or paid to transfer a liability (i.e. the “exit price”) in an orderly transaction between market participants at the measurement date. In determining fair value, the Partnership uses various valuation approaches. The authoritative guidance under U.S. GAAP establishes a fair value hierarchy for inputs used in measuring fair value that maximizes the use of observable inputs and minimizes the use of unobservable inputs by requiring that the most observable inputs be used when available. Observable inputs are those that market participants would use in pricing the asset or liability based on market data obtained from sources independent of the Partnership. Unobservable inputs reflect the Partnership’s assumption about the inputs market participants would use in pricing the asset or liability developed based on the best information available in the circumstances. The fair value hierarchy is categorized into three levels based on the inputs as follows: Level 1 - Unadjusted quoted prices in active markets for identical, unrestricted assets or liabilities that the Partnership has the ability to access at the measurement date; Level 2 - Quoted prices which are not active, or inputs that are observable (either directly or indirectly) for substantially the full term of the asset or liability; and Level 3 - Prices, inputs or exotic modeling techniques which are both significant to the fair value measurement and unobservable (supported by little or no market activity). The availability of valuation techniques and observable inputs can vary from assets and liabilities and is affected by a wide variety of factors, including the type of asset or liability, whether the asset or liability is new and not yet established in the marketplace, and other characteristics particular to the transaction. To the extent that valuation is based on models or inputs that are less observable or unobservable in the market, the determination of fair value requires more judgment. Those estimated values do not necessarily represent the amounts that may be ultimately realized due to the occurrence of future circumstances that cannot be reasonably determined. Because of the inherent uncertainty of valuation, those estimated values may be materially higher or lower than the values that would have been used had a ready market for the asset or liability existed. Accordingly, the degree of judgment exercised by the Partnership in determining fair value is greatest for assets and liabilities categorized in Level 3. In certain cases, the inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, for disclosure purposes, the level in the fair value hierarchy within which the fair value measurement falls in its entirety is determined by the lowest level input that is significant to the fair value measurement. Fair value is a market-based measure considered from the perspective of a market participant rather than an entity-specific measure. Therefore, even when market assumptions are not readily available, the Partnership’s own assumptions are set to reflect those that market participants would use in pricing the asset or liability at the measurement date. The Partnership uses prices and inputs that are current as of the measurement date, including prices and inputs during periods of market dislocation. In periods of market dislocation, the observability of prices and inputs may be reduced for many assets and liabilities. This condition could cause an asset or liability to be reclassified to a lower level within the fair value hierarchy. The Partnership values futures and options on futures contracts at the closing price of the contract’s primary exchange. The Partnership generally 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 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 and notes are generally categorized in Levels 1 or 2 of the fair value hierarchy. As of June 30, 2020 and December 31, 2019, none of the Partnership’s holdings in U.S. government agency bonds and notes were fair valued using valuation models. 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 June 30, 2020 or December 31, 2019, none of the Partnership’s holdings in corporate notes were fair valued using valuation models. The fair value of certificates of deposit is determined based on a constant maturity curve for comparable instruments denominated in USD. This valuation method represents both a market and income approach to fair value measurement. Certificates of deposit are categorized in Level 2 of the fair value hierarchy. 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 six month period ended June 30, 2020 and the year ended December 31, 2019. The following table presents information about the Partnership’s assets and liabilities measured at fair value as June 30, 2020 and December 31, 2019: Balance as of June 30, 2020 Level 1 Level 2 Level 3 June 30, 2020 Assets: Futures contracts (1) $ 1,332,858 $ – $ – $ 1,332,858 Forward currency contracts (1) – 139,081 – 139,081 $ 1,332,858 $ 139,081 $ – $ 1,471,939 Liabilities: Futures contracts (1) $ (2,289,594 ) $ – $ – $ (2,289,594 ) Forward currency contracts (1) – (245,004 ) – (245,004 ) $ (2,289,594 ) $ (245,004 ) $ – $ (2,534,598 ) Balance as of December 31, 2019 Level 1 Level 2 Level 3 December 31, 2019 Assets: Futures contracts (1) $ 2,277,168 $ – $ – $ 2,277,168 Forward currency contracts (1) – 403,817 – 403,817 U.S. Government agency bonds and notes – 60,863,263 – 60,863,263 Corporate notes – 19,089,099 – 19,089,099 Certificates of deposit – 1,633,982 – 1,633,982 $ 2,277,168 $ 81,990,161 $ – $ 84,267,329 Liabilities: Futures contracts (1) $ (3,152,214 ) $ – $ – $ (3,152,214 ) Forward currency contracts (1) – (264,739 ) – (264,739 ) $ (3,152,214 ) $ (264,739 ) $ – $ (3,416,953 ) (1) See Note 7. “Financial Derivative Instruments” for the fair value in each type of contracts within this category. For the six month period ended June 30, 2020 and the year ended December 31, 2019, 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 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, 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 quarter 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 June 30, 2020 and December 31, 2019, the Partnership’s Segregated cash balance on the Statements of Financial Condition of $5,405,358 and $7,510,328, respectively, represents the collateral pledged by the Partnership to satisfy the Clearing Broker’s margin requirements in US Dollars. As of June 30, 2020 and December 31, 2019, the Partnership’s Segregated foreign currency balance on the Statements of Financial Condition of $1,585,363 and $1,582,344, 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 an 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 June 30, 2020 and December 31, 2019, 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 settled variation margin on the Statements of Financial Condition. Due from / Due to broker amounts on the Statements of Financial Condition represent receivables / payables related to the Partnership’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 June 30, 2020 and December 31, 2019 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 June 30, 2020 and December 31, 2019 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. and Northern Trust Company. 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 segregated cash and segregated foreign currency are held as margin collateral for futures transactions.
Income Taxes	J. 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 June 30, 2020 and December 31, 2019. 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 2016. 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 for the six months ended June 30, 2020 and 2019.

1. ORGANIZATION AND SIGNIFICA_3

1. ORGANIZATION AND SIGNIFICANT ACCOUNTING POLICIES (Tables)	6 Months Ended
	Jun. 30, 2020
Accounting Policies [Abstract]
Partnership's assets and liabilities measured at fair value	The following table presents information about the Partnership’s assets and liabilities measured at fair value as June 30, 2020 and December 31, 2019: Balance as of June 30, 2020 Level 1 Level 2 Level 3 June 30, 2020 Assets: Futures contracts (1) $ 1,332,858 $ – $ – $ 1,332,858 Forward currency contracts (1) – 139,081 – 139,081 $ 1,332,858 $ 139,081 $ – $ 1,471,939 Liabilities: Futures contracts (1) $ (2,289,594 ) $ – $ – $ (2,289,594 ) Forward currency contracts (1) – (245,004 ) – (245,004 ) $ (2,289,594 ) $ (245,004 ) $ – $ (2,534,598 ) Balance as of December 31, 2019 Level 1 Level 2 Level 3 December 31, 2019 Assets: Futures contracts (1) $ 2,277,168 $ – $ – $ 2,277,168 Forward currency contracts (1) – 403,817 – 403,817 U.S. Government agency bonds and notes – 60,863,263 – 60,863,263 Corporate notes – 19,089,099 – 19,089,099 Certificates of deposit – 1,633,982 – 1,633,982 $ 2,277,168 $ 81,990,161 $ – $ 84,267,329 Liabilities: Futures contracts (1) $ (3,152,214 ) $ – $ – $ (3,152,214 ) Forward currency contracts (1) – (264,739 ) – (264,739 ) $ (3,152,214 ) $ (264,739 ) $ – $ (3,416,953 ) (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)	6 Months Ended
	Jun. 30, 2020
Related Party Transactions [Abstract]
Fees paid to Altegris Investments and Altegris Futures	The following tables show the fees paid to Altegris Investments and Altegris Clearing Solutions for the three and six months ended June 30, 2020 and 2019: Three months ended Six months ended Three months ended Six months ended June 30, 2020 June 30, 2020 June 30, 2019 June 30, 2019 Altegris Clearing Solutions - Brokerage Commission fees $ 228,014 $ 495,674 $ 333,891 $ 723,800 Altegris Investments- Service fees 28,904 65,871 46,172 96,504 Total $ 256,918 $ 561,545 $ 380,063 $ 820,304

7. FINANCIAL DERIVATIVE INSTR_2

7. FINANCIAL DERIVATIVE INSTRUMENTS (Tables)	6 Months Ended
	Jun. 30, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Fair value of derivative contracts	The following presents the fair value of derivatives contracts at June 30, 2020 and December 31, 2019. The fair value of derivatives contracts is presented as an asset if in a gain position and a liability if in a loss position. Fair value is presented on a gross basis in the table below even though the futures and forward contracts qualify for net presentation in the Statements of Financial Condition. June 30, 2020 Assets Liability Type of Derivatives Derivatives Net Derivatives Contracts Fair Value Fair Value Fair Value Futures Contracts Agriculture $ 74,125 $ (227,412 ) $ (153,287 ) Currencies 197,325 (81,494 ) 115,831 Energy 47,633 (416,858 ) (369,225 ) Interest Rates 391,188 (6,712 ) 384,476 Metals 407,969 (1,406,307 ) (998,338 ) Stock Indices 136,611 (150,812 ) (14,201 ) Treasury Rates 78,008 – 78,008 Total Futures Contracts $ 1,332,859 $ (2,289,595 ) $ (956,736 ) Forward Currency Contracts $ 139,081 $ (245,004 ) $ (105,923 ) Total Gross Fair Value of Derivatives Contracts $ 1,471,940 $ (2,534,599 ) $ (1,062,659 ) December 31, 2019 Assets Liability Type of Derivatives Derivatives Net Derivatives Contracts Fair Value Fair Value Fair Value Futures Contracts Agriculture $ 80,153 $ (635,761 ) $ (555,608 ) Currencies 247,206 (519,542 ) (272,336 ) Energy 453,237 (9,753 ) 443,484 Interest Rates 21,185 (353,792 ) (332,607 ) Metals 1,091,050 (1,144,048 ) (52,998 ) Stock Indices 345,173 (149,865 ) 195,308 Treasury Rates 39,164 (339,453 ) (300,289 ) Total Futures Contracts $ 2,277,168 $ (3,152,214 ) $ (875,046 ) Forward Currency Contracts $ 403,817 $ (264,739 ) $ 139,078 Total Gross Fair Value of Derivatives Contracts $ 2,680,985 $ (3,416,953 ) $ (735,968 )
Schedule of realized and unrealized gain (loss) on derivatives	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 June 30, 2020 Type of Derivatives Contracts Realized Change in Unrealized Average Notional Value of Contracts Futures Contracts Agriculture $ 158,086 $ (194,862 ) Currencies (959,646 ) (69,636 ) Energy (9,236 ) (899,756 ) Interest Rates (237,492 ) 437,657 Metals (1,190,160 ) (1,594,183 ) Stock Indices (1,130,114 ) 129,475 Treasury Rates 339,625 (278,164 ) Total Future Contracts $ (3,028,937 ) $ (2,469,469 ) $ 372,345,111 (1) Forward Currency Contracts $ (551,738 ) $ 497,834 $ 29,519,011 (2) Total Gain (loss) from Derivatives Contracts $ (3,580,675 ) $ (1,971,635 ) Six Months Ended June 30, 2020 Type of Derivatives Contracts Realized Change in Unrealized Average Notional Value of Contracts Futures Contracts Agriculture $ (580,885 ) $ 402,321 Currencies (2,345,756 ) 388,167 Energy (1,248,463 ) (812,709 ) Interest Rates (776,019 ) 717,083 Metals (1,552,962 ) (945,340 ) Stock Indices (6,340,890 ) (209,509 ) Treasury Rates 916,453 378,297 Total Future Contracts $ (11,928,522 ) $ (81,690 ) $ 365,539,007 (1) Forward Currency Contracts $ (875,357 ) $ (245,001 ) $ 37,926,526 (2) Total Gain (loss) from Derivatives Contracts $ (12,803,879 ) $ (326,691 ) ( 1) The average notional value of futures contracts are representative of the Partnership’s volume of derivative activity for futures contracts during the respective periods under review. (2) The average notional value of forward currency contracts are representative of the Partnership’s volume of derivative activity for forward currency contracts during the respective periods under review. Three Months Ended June 30, 2019 Type of Derivatives Contracts Realized Change in Unrealized Average Notional Value of Contracts Futures Contracts Agriculture $ (549,773 ) $ (918,737 ) Currencies (37,774 ) (400,458 ) Energy (1,382,368 ) 179,754 Interest Rates 819,337 1,067,224 Metals (730,980 ) (220,423 ) Stock Indices 704,436 (263,875 ) Treasury Rates 274,992 370,758 Total Futures Contracts $ (902,130 ) $ (185,757 ) $ 652,042,349 (1) Forward Currency Contracts $ 69,957 $ 368,424 $ 77,516,181 (2) Total Gain (loss) from Derivatives Contracts $ (832,173 ) $ 182,667 Six Months Ended June 30, 2019 Type of Derivatives Contracts Realized Change in Unrealized Average Notional Value of Contracts Futures Contracts Agriculture $ (508,093 ) $ (205,475 ) Currencies (482,240 ) 174,463 Energy (3,922,997 ) 979,967 Interest Rates 1,618,379 1,088,766 Metals (2,486,616 ) 1,254,455 Stock Indices 1,017,906 299,492 Treasury Rates 277,453 425,617 Total Futures Contracts $ (4,486,208 ) $ 4,017,285 $ 586,376,245 (1) Forward Currency Contracts $ 248,068 $ 282,601 $ 70,927,454 (2) Total Gain (loss) from Derivatives Contracts $ (4,238,140 ) $ 4,299,886 (1) The average notional value of futures contracts are representative of the Partnership’s volume of derivative activity for futures contracts during the respective periods under review. (2) The average notional value of forward currency contracts are representative of the Partnership’s volume of derivative activity for forward currency contracts during the respective periods under review.
Schedule of Offsetting Assets	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 Statements of Financial Condition As of June 30, 2020 Description Gross Amounts of Recognized Assets Gross Amounts Offset in the Statements of Financial Condition Net Amounts of Assets Presented in the Statements of Financial Condition Financial Instruments Cash Collateral Received (1) Net Amount Forward Contracts 139,081 (139,081 ) – – – – Total 139,081 (139,081 ) – – – – Offsetting the Financial Assets and Derivative Assets Gross Amounts Not Offset in the Statements of Financial Condition As of December 31, 2019 Description Gross Gross Amounts Offset in the Net Amounts Financial Cash Collateral Received (1) Net Amount Forward contracts 403,817 (264,739 ) 139,078 – – 139,078 Total 403,817 (264,739 ) 139,078 – – 139,078
Schedule of Offsetting Liabilities	Offsetting the Financial Liabilities and Derivative Liabilities Gross Amounts Not Offset in the Statements of Financial Condition As of June 30, 2020 Description Gross Amounts of Recognized Liabilities Gross Amounts Offset in the Statements of Financial Condition Net Amounts of Liabilities Presented in the Statements of Financial Condition Financial Instruments Cash Collateral Pledged (1) Net Amount Forward Contracts (245,004 ) 139,081 (105,923 ) – 105,923 – Total (245,004 ) 139,081 (105,923 ) – 105,923 – Offsetting the Financial Liabilities and Derivative Liabilities Gross Amounts Not Offset in the Statements of Financial Condition As of December 31, 2019 Description Gross Gross Amounts Offset in the Net Amounts Financial Cash Collateral Received (1) Net Amount Forward contracts (264,739 ) 264,739 – – – – Total (264,739 ) 264,739 – – – –

10. FINANCIAL HIGHLIGHTS (Table

10. FINANCIAL HIGHLIGHTS (Tables)	6 Months Ended
	Jun. 30, 2020
Ongoing Sales Service Fees
Financial highlights of the Partnership	The following information presents the financial highlights of the Partnership for the three and six months ended June 30, 2020 and 2019. This information has been derived from information presented in the financial statements. Three months ended June 30, 2020 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 (8.36)% (8.14)% (8.09)% (8.78)% (8.35)% (8.14)% Incentive fees (0.00)% (0.00)% (0.00)% (0.00)% (0.00)% (0.00)% Total return after incentive fees (8.36)% (8.14)% (8.09)% (8.78)% (8.35)% (8.14)% Ratio to average net asset value Expenses prior to incentive fees (2) 3.29% 2.30% 2.04% 5.14% 3.21% 2.30% Incentive fees (3) 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% Total expenses 3.29% 2.30% 2.04% 5.14% 3.21% 2.30% Net investment (loss) (1) (2) (3.12)% (2.16)% (1.90)% (4.97)% (3.06)% (2.16)% Six months ended June 30, 2020 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 (16.96)% (16.58)% (16.48)% (17.76)% (16.94)% (16.58)% Incentive fees (0.00)% (0.00)% (0.00)% (0.00)% (0.00)% (0.00)% Total return after incentive fees (16.96)% (16.58)% (16.48)% (17.76)% (16.94)% (16.58)% Ratio to average net asset value Expenses prior to incentive fees (2) 3.26% 2.29% 2.02% 5.13% 3.17% 2.27% Incentive fees (3) 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% Total expenses 3.26% 2.29% 2.02% 5.13% 3.17% 2.27% Net investment (loss) (1) (2) (2.48)% (1.53)% (1.31)% (4.35)% (2.41)% (1.56)% Three months ended June 30, 2019 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 (1.33)% (1.09)% (1.03)% (1.78)% (1.29)% (1.09)% Incentive fees (0.00)% (0.00)% (0.00)% (0.00)% (0.00)% (0.00)% Total return after incentive fees (1.33)% (1.09)% (1.03)% (1.78)% (1.29)% (1.09)% Ratio to average net asset value Expenses prior to incentive fees (2) 3.37% 2.26% 2.16% 5.18% 3.20% 2.38% Incentive fees (3) 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% Total expenses 3.37% 2.26% 2.16% 5.18% 3.20% 2.38% Net investment (loss) (1) (2) (1.08)% (0.10)% 0.14% (2.90)% (0.93)% (0.11)% Six months ended June 30, 2019 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 (1.28)% (0.80)% (0.68)% (2.18)% (1.21)% (0.80)% Incentive fees (0.00)% (0.00)% (0.00)% (0.00)% (0.00)% (0.00)% Total return after incentive fees (1.28)% (0.80)% (0.68)% (2.18)% (1.21)% (0.80)% Ratio to average net asset value Expenses prior to incentive fees (2) 3.32% 2.33% 2.13% 5.12% 3.17% 2.34% Incentive fees (3) 0. 00% 0.00% 0.00% 0.00% 0.00% 0.00% Total expenses 3.32% 2.33% 2.13% 5.12% 3.17% 2.34% Net investment (loss) (1) (2) (1.04)% (0.07)% 0.17% (2.85)% (0.90)% (0.08)% 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 SIGNIFICA_4

1. ORGANIZATION AND SIGNIFICANT ACCOUNTING POLICIES - Partnership's assets and liabilities at fair value (Details) - USD ($)		Jun. 30, 2020	Dec. 31, 2019
Assets
Futures contracts	[1]	$ 1,332,858	$ 2,277,168
Forward currency contracts	[1]	139,081	403,817
U.S. Government agency bonds and notes			60,863,263
Corporate notes			19,089,099
Certificates of deposit			1,633,982
Total Assets		1,471,939	84,267,329
Liabilities
Futures contracts	[1]	(2,289,594)	(3,152,214)
Forward currency contracts	[1]	(245,004)	(264,739)
Total Liabilities		(2,534,598)	(3,416,953)
Level 1 [Member]
Assets
Futures contracts	[1]	1,332,858	2,277,168
Forward currency contracts	[1]	0	0
U.S. Government agency bonds and notes			0
Corporate notes			0
Certificates of deposit			0
Total Assets		1,332,858	2,277,168
Liabilities
Futures contracts	[1]	(2,289,594)	(3,152,214)
Forward currency contracts	[1]	0	0
Total Liabilities		(2,289,594)	(3,152,214)
Level 2 [Member]
Assets
Futures contracts	[1]	0	0
Forward currency contracts	[1]	139,081	403,817
U.S. Government agency bonds and notes			60,863,263
Corporate notes			19,089,099
Certificates of deposit			1,633,982
Total Assets		139,081	81,990,161
Liabilities
Futures contracts	[1]	0	0
Forward currency contracts	[1]	(245,004)	(264,739)
Total Liabilities		(245,004)	(264,739)
Level 3 [Member]
Assets
Futures contracts	[1]	0	0
Forward currency contracts	[1]	0	0
U.S. Government agency bonds and notes			0
Corporate notes			0
Certificates of deposit			0
Total Assets		0	0
Liabilities
Futures contracts	[1]	0	0
Forward currency contracts	[1]	0	0
Total Liabilities		$ 0	$ 0
[1]	See Note 7. Financial Derivative Instruments for the fair value in each type of contracts within this category.

1. ORGANIZATION AND SIGNIFICA_5

1. ORGANIZATION AND SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Transfers between Level 1 and Level 2 assets and liabilities	$ 0		$ 0		$ 0
Level 3 Securities	0		0		0
Restricted cash	5,405,358		5,405,358		7,510,328
Restricted foreign currency	1,585,363		1,585,363		$ 1,582,344
Recognized interest expense or penalties	0	$ 0	0	$ 0
Liability for unrecognized tax benefits	$ 0	$ 0	$ 0	$ 0

2. PARTNERS' CAPITAL (Details N

2. PARTNERS' CAPITAL (Details Narrative) - USD ($)	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Equity [Abstract]
Partner distibutions	$ 0	$ 0

3. RELATED PARTY TRANSACTIONS -

3. RELATED PARTY TRANSACTIONS - Fees paid to related parties (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Related Party Transactions [Abstract]
Altegris Clearing Solutions - Brokerage Commission fees	$ 228,014	$ 495,674	$ 333,891	$ 723,800
Altegris Investments - Service fees	28,904	65,871	46,172	96,504
Brokerage-related services expense	$ 256,918	$ 561,545	$ 380,063	$ 820,304

3. RELATED PARTY TRANSACTION (D

3. RELATED PARTY TRANSACTION (Details Narrative) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019
Administrative fee	$ 35,712	$ 59,814	$ 79,219	$ 125,502
Commissions and brokerage fees payable	87,515		87,515		$ 116,793
Service fees payable	58,292		58,292		77,478
Altegris Investments [Member]
Commissions and brokerage fees payable	67,523		67,523		93,519
Service fees payable	8,888		$ 8,888		$ 13,865
Limited Partners, Original Class A [Member]
Monthly Management Fee			0.0625%
Annual Management Fee			0.75%
Limited Partners, Original Class B [Member]
Monthly Management Fee			0.146%
Annual Management Fee			1.75%
Limited Partners, Special Interests [Member]
Monthly Management Fee			0.0417%
Annual Management Fee			0.50%
Limited Partners, Class A [Member]
Monthly Management Fee			0.625%
Annual Management Fee			75.00%
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	23,748	42,181	$ 52,755	88,748
Limited Partners, Class B [Member]
Monthly Management Fee			0.104%
Annual Management Fee			1.25%
Monthly Administrative Fee			0.0275%
Annual Administrative Fee			0.33%
Administrative fee	$ 11,964	$ 17,633	$ 26,464	$ 36,754
Limited Partners, Institutional Interests [Member]
Monthly Management Fee			0.0625%
Annual Management Fee			0.75%

4. ADVISORY CONTRACT (Details N

4. ADVISORY CONTRACT (Details Narrative) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Management fee	$ 184,548	$ 288,331	$ 404,408	$ 603,917
Limited Partners, Class A [Member]
Winton monthly management fee			0.083%
Winton annual management fee			1.00%
Management fee	71,964	127,820	$ 159,866	268,933
Limited Partners, Class B [Member]
Winton monthly management fee			0.083%
Winton annual management fee			1.00%
Management fee	36,255	53,434	$ 80,194	111,377
Limited Partners, Original Class B [Member]
Winton monthly management fee			0.083%
Winton annual management fee			1.00%
Management fee	426	641	$ 947	1,432
Limited Partners, Special Interests [Member]
Winton monthly management fee			0.083%
Winton annual management fee			1.00%
Management fee	41,666	46,871	$ 87,517	92,877
Limited Partners, Institutional Interests [Member]
Winton monthly management fee			0.083%
Winton annual management fee			1.00%
Management fee	$ 27,075	$ 36,026	$ 56,872	$ 77,882

5. SERVICE FEES (Details Narrat

5. SERVICE FEES (Details Narrative) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Service fees	$ 157,620	$ 280,064	$ 349,076	$ 591,153
General Partners Interest [Member]
Service fees	15	18	$ 32	36
Limited Partners, Class A [Member]
Ongoing Sales Service Fees			0.166%
Annual Sales Service Fees			2.00%
Service fees	137,658	251,607	$ 305,197	530,808
Limited Partners, Original Class A [Member]
Ongoing Sales Service Fees			0.166%
Annual Sales Service Fees			2.00%
Service fees	19,947	28,439	$ 43,847	59,546
Institutional Interests [Member]
Ongoing Sales Service Fees			0.0417%
Annual Sales Service Fees			0.50%
Service fees	$ 0	$ 0	$ 0	$ 763

7. FINANCIAL DERIVATIVE INSTR_3

7. FINANCIAL DERIVATIVE INSTRUMENTS - Fair value of derivative contracts (Details) - USD ($)	Jun. 30, 2020	Dec. 31, 2019
Asset Derivatives Fair Value, Futures Contracts	$ 1,471,940	$ 2,680,985
Liability Derivatives Fair Value, Futures Contracts	(2,534,599)	(3,416,953)
Net Fair Value, Futures Contracts	(1,062,659)	(735,968)
Futures Contracts [Member]
Asset Derivatives Fair Value, Futures Contracts	1,332,859	2,277,168
Liability Derivatives Fair Value, Futures Contracts	(2,289,595)	(3,152,214)
Net Fair Value, Futures Contracts	(956,736)	(875,046)
Futures Contracts [Member] | Agriculture [Member]
Asset Derivatives Fair Value, Futures Contracts	74,125	80,153
Liability Derivatives Fair Value, Futures Contracts	(227,412)	(635,761)
Net Fair Value, Futures Contracts	(153,287)	(555,608)
Futures Contracts [Member] | Currencies [Member]
Asset Derivatives Fair Value, Futures Contracts	197,325	247,206
Liability Derivatives Fair Value, Futures Contracts	(81,494)	(519,542)
Net Fair Value, Futures Contracts	115,831	(272,336)
Futures Contracts [Member] | Energy [Member]
Asset Derivatives Fair Value, Futures Contracts	47,633	453,237
Liability Derivatives Fair Value, Futures Contracts	(416,858)	(9,753)
Net Fair Value, Futures Contracts	(369,225)	443,484
Futures Contracts [Member] | Interest Rates [Member]
Asset Derivatives Fair Value, Futures Contracts	391,188	21,185
Liability Derivatives Fair Value, Futures Contracts	(6,712)	(353,792)
Net Fair Value, Futures Contracts	384,476	(332,607)
Futures Contracts [Member] | Metals [Member]
Asset Derivatives Fair Value, Futures Contracts	407,969	1,091,050
Liability Derivatives Fair Value, Futures Contracts	(1,406,307)	(1,144,048)
Net Fair Value, Futures Contracts	(998,338)	(52,998)
Futures Contracts [Member] | Stock Indices [Member]
Asset Derivatives Fair Value, Futures Contracts	136,611	345,173
Liability Derivatives Fair Value, Futures Contracts	(150,812)	(149,865)
Net Fair Value, Futures Contracts	(14,201)	195,308
Futures Contracts [Member] | Treasury Rates [Member]
Asset Derivatives Fair Value, Futures Contracts	78,008	39,164
Liability Derivatives Fair Value, Futures Contracts	0	(339,453)
Net Fair Value, Futures Contracts	78,008	(300,289)
Forward Contracts [Member] | Currencies [Member]
Asset Derivatives Fair Value, Futures Contracts	139,081	403,817
Liability Derivatives Fair Value, Futures Contracts	(245,004)	(264,739)
Net Fair Value, Futures Contracts	$ (105,923)	$ 139,078

7. FINANCIAL DERIVATIVE INSTR_4

7. FINANCIAL DERIVATIVE INSTRUMENTS - Trading results of derivative trading (Details)		3 Months Ended		6 Months Ended
		Jun. 30, 2020USD ($)Integer	Jun. 30, 2019USD ($)Integer	Jun. 30, 2020USD ($)Integer	Jun. 30, 2019USD ($)Integer
Realized, Futures Contracts		$ (3,580,675)	$ (832,173)	$ (12,803,879)	$ (4,238,140)
Change in Unrealized, Futures Contracts		(1,971,635)	182,667	(326,691)	4,299,886
Futures Contracts [Member]
Realized, Futures Contracts		(3,028,937)	(902,130)	(11,928,522)	(4,486,208)
Change in Unrealized, Futures Contracts		$ (2,469,469)	$ (185,757)	$ (81,690)	$ 4,017,285
Number of Contracts Closed | Integer	[1]	372,345,111	652,042,349	365,539,007	586,376,245
Futures Contracts [Member] | Agriculture [Member]
Realized, Futures Contracts		$ 158,086	$ (549,773)	$ (580,885)	$ (508,093)
Change in Unrealized, Futures Contracts		(194,862)	(918,737)	402,321	(205,475)
Futures Contracts [Member] | Currencies [Member]
Realized, Futures Contracts		(959,646)	(37,774)	(2,345,756)	(482,240)
Change in Unrealized, Futures Contracts		(69,636)	(400,458)	388,167	174,463
Futures Contracts [Member] | Energy [Member]
Realized, Futures Contracts		(9,236)	(1,382,368)	(1,248,463)	(3,922,997)
Change in Unrealized, Futures Contracts		(899,756)	179,754	(812,709)	979,967
Futures Contracts [Member] | Interest Rates [Member]
Realized, Futures Contracts		(237,492)	819,337	(776,019)	1,618,379
Change in Unrealized, Futures Contracts		437,657	1,067,224	717,083	1,088,766
Futures Contracts [Member] | Metals [Member]
Realized, Futures Contracts		(1,190,160)	(730,980)	(1,552,962)	(2,486,616)
Change in Unrealized, Futures Contracts		(1,594,183)	(220,423)	(945,340)	1,254,455
Futures Contracts [Member] | Stock Indices [Member]
Realized, Futures Contracts		(1,130,114)	704,436	(6,340,890)	1,017,906
Change in Unrealized, Futures Contracts		129,475	(263,875)	(209,509)	299,492
Futures Contracts [Member] | Treasury Rates [Member]
Realized, Futures Contracts		339,625	274,992	916,453	277,453
Change in Unrealized, Futures Contracts		(278,164)	370,758	378,297	425,617
Forward Contracts [Member] | Currencies [Member]
Realized, Futures Contracts		(551,738)	69,957	(875,357)	248,068
Change in Unrealized, Futures Contracts		$ 497,834	$ 368,424	$ (245,001)	$ 282,601
Number of Contracts Closed | Integer	[2]	29,519,011	77,516,181	37,926,526	70,927,454
[1]	The average notional value of futures contracts are representative of the Partnership's volume of derivative activity for futures contracts during the respective periods under review.
[2]	The average notional value of forward currency contracts are representative of the Partnership's volume of derivative activity for forward currency contracts during the respective periods under review.

7. FINANCIAL DERIVATIVE INSTR_5

7. FINANCIAL DERIVATIVE INSTRUMENTS - Offsetting Assets and Liabilities (Details) - USD ($)		Jun. 30, 2020	Dec. 31, 2019
Gross Amounts of Recognized Assets		$ 139,081	$ 403,817
Gross Amounts Offset in the Statement of Financial Condition		(139,081)	(264,739)
Net Amounts of Assets Presented in the Statement of Financial Condition		0	139,078
Gross Amounts Not Offset in the Statement of Financial Condition
Financial Instruments		0	0
Cash Collateral Received		0	0
Net Amount		0	139,078
Offsetting the Financial Liabilities and Derivative Liabilities
Gross Amounts of Recognized Liabilities		(245,004)	(264,739)
Gross Amounts Offset in the Statement of Financial Condition		139,081	264,739
Net Amounts of Liabilities Presented in the Statement of Financial Condition		(105,923)	0
Gross Amounts Not Offset in the Statement of Financial Condition
Financial Instruments		0	0
Cash Collateral Pledged	[1]	105,923	0
Net Amount		0	0
Forward Contracts [Member]
Gross Amounts of Recognized Assets		139,081	403,817
Gross Amounts Offset in the Statement of Financial Condition		(139,081)	(264,739)
Net Amounts of Assets Presented in the Statement of Financial Condition		0	139,078
Gross Amounts Not Offset in the Statement of Financial Condition
Financial Instruments		0	0
Cash Collateral Received		0	0
Net Amount		0	139,078
Offsetting the Financial Liabilities and Derivative Liabilities
Gross Amounts of Recognized Liabilities		(245,004)	(264,739)
Gross Amounts Offset in the Statement of Financial Condition		139,081	264,739
Net Amounts of Liabilities Presented in the Statement of Financial Condition		(105,923)	0
Gross Amounts Not Offset in the Statement of Financial Condition
Financial Instruments		0	0
Cash Collateral Pledged	[1]	105,923	0
Net Amount		$ 0	$ 0
[1]	The Partnership posted additional collateral of $447,527 as of June 30, 2020 and $1,582,675 for December 31, 2019 with the Clearing Broker. There was no cash collateral receivable by the Partnership from the Clearing Broker as of June 30, 2020 and December 31, 2019. 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 INSTR_6

7. FINANCIAL DERIVATIVE INSTRUMENTS (Details Narrative) - USD ($)	Jun. 30, 2020	Dec. 31, 2019
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Collateral posted with Clearing Broker	$ 447,527	$ 1,582,675

10. FINANCIAL HIGHLIGHTS - Fina

10. FINANCIAL HIGHLIGHTS - Financial highlights of the Partnership (Details)		3 Months Ended		6 Months Ended
		Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Limited Partners, Original Class A [Member]
Total return for Limited Partners
Total return prior to incentive fees	[1]	(8.36%)	(1.33%)	(16.96%)	(1.28%)
Incentive fees	[1]	0.00%	0.00%	0.00%	0.00%
Total return after incentive fees	[1]	(8.36%)	(1.33%)	(16.96%)	(1.28%)
Ratio to average net asset value
Expenses prior to incentive fees	[2]	3.29%	3.37%	3.26%	3.32%
Incentive fees	[1]	0.00%	0.00%	0.00%	0.00%
Total expenses		3.29%	3.37%	3.26%	3.32%
Net investment (loss)	[2],[3]	(3.12%)	(1.08%)	(2.48%)	(1.04%)
Limited Partners, Original Class B [Member]
Total return for Limited Partners
Total return prior to incentive fees	[1]	(8.14%)	(1.09%)	(16.58%)	(0.80%)
Incentive fees	[1]	0.00%	0.00%	0.00%	0.00%
Total return after incentive fees	[1]	(8.14%)	(1.09%)	(16.58%)	(0.80%)
Ratio to average net asset value
Expenses prior to incentive fees	[2]	2.30%	2.26%	2.29%	2.33%
Incentive fees	[1]	0.00%	0.00%	0.00%	0.00%
Total expenses		2.30%	2.26%	2.29%	2.33%
Net investment (loss)	[2],[3]	(2.16%)	(0.10%)	(1.53%)	(0.07%)
Limited Partners, Special Interests [Member]
Total return for Limited Partners
Total return prior to incentive fees	[1]	(8.09%)	(1.03%)	(16.48%)	(0.68%)
Incentive fees	[1]	0.00%	0.00%	0.00%	0.00%
Total return after incentive fees	[1]	(8.09%)	(1.03%)	(16.48%)	(0.68%)
Ratio to average net asset value
Expenses prior to incentive fees	[2]	2.04%	2.16%	2.02%	2.13%
Incentive fees	[1]	0.00%	0.00%	0.00%	0.00%
Total expenses		2.04%	2.16%	2.02%	2.13%
Net investment (loss)	[2],[3]	(1.90%)	0.14%	(1.31%)	0.17%
Limited Partners, Class A [Member]
Total return for Limited Partners
Total return prior to incentive fees	[1]	(8.78%)	(1.78%)	(17.76%)	(2.18%)
Incentive fees	[1]	0.00%	0.00%	0.00%	0.00%
Total return after incentive fees	[1]	(8.78%)	(1.78%)	(17.76%)	(2.18%)
Ratio to average net asset value
Expenses prior to incentive fees	[2]	5.14%	5.18%	5.13%	5.12%
Incentive fees	[1]	0.00%	0.00%	0.00%	0.00%
Total expenses		5.14%	5.18%	5.13%	5.12%
Net investment (loss)	[2],[3]	(4.97%)	(2.90%)	(4.35%)	(2.85%)
Limited Partners, Class B [Member]
Total return for Limited Partners
Total return prior to incentive fees	[1]	(8.35%)	(1.29%)	(16.94%)	(1.21%)
Incentive fees	[1]	0.00%	0.00%	0.00%	0.00%
Total return after incentive fees	[1]	(8.35%)	(1.29%)	(16.94%)	(1.21%)
Ratio to average net asset value
Expenses prior to incentive fees	[2]	3.21%	3.20%	3.17%	3.17%
Incentive fees	[1]	0.00%	0.00%	0.00%	0.00%
Total expenses		3.21%	3.20%	3.17%	3.17%
Net investment (loss)	[2],[3]	(3.06%)	(0.93%)	(2.41%)	(0.90%)
Limited Partners, Institutional Interests [Member]
Total return for Limited Partners
Total return prior to incentive fees	[1]	(8.14%)	(1.09%)	(16.58%)	(0.80%)
Incentive fees	[1]	0.00%	0.00%	0.00%	0.00%
Total return after incentive fees	[1]	(8.14%)	(1.09%)	(16.58%)	(0.80%)
Ratio to average net asset value
Expenses prior to incentive fees	[2]	2.30%	2.38%	2.27%	2.34%
Incentive fees	[1]	0.00%	0.00%	0.00%	0.00%
Total expenses		2.30%	2.38%	2.27%	2.34%
Net investment (loss)	[2],[3]	(2.16%)	(0.11%)	(1.56%)	(0.08%)
[1]	Not annualized.
[2]	Annualized.
[3]	Excludes incentive fee.

11. SUBSEQUENT EVENTS (Details

11. SUBSEQUENT EVENTS (Details Narrative) - Subsequent Event [Member]	1 Months Ended
	Aug. 10, 2020USD ($)
Partnership subscriptions	$ 310,400
Partnership redemptions	$ 2,680,444