Ceres Tactical Systematic (TDFF) 10-Q 11 May 22 2022 Q1 Quarterly report Financial data

Cover Page

Cover Page - shares	3 Months Ended
	Mar. 31, 2022	Apr. 30, 2022
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Mar. 31, 2022
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q1
Entity Registrant Name	CERES TACTICAL SYSTEMATIC L.P.
Entity Central Index Key	0001209709
Current Fiscal Year End Date	--12-31
Entity Current Reporting Status	Yes
Entity Shell Company	false
Entity Filer Category	Non-accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Interactive Data Current	Yes
Entity Address, State or Province	NY
Entity Address, Address Line One	Ceres Managed Futures LLC
Entity Address, Address Line Two	522 Fifth Avenue
Entity Address, City or Town	New York
Entity Address, Postal Zip Code	10036
Document Quarterly Report	true
Document Transition Report	false
City Area Code	855
Local Phone Number	672-4468
Entity Incorporation, State or Country Code	NY
Entity File Number	000-50718
Entity Tax Identification Number	13-4224248
Class A Redeemable Units [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		71,807.0318
Class D Redeemable Units [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		3,489.3280
Class Z Redeemable Units [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		138.6360

Statements of Financial Conditi

Statements of Financial Condition - USD ($)	Mar. 31, 2022	Dec. 31, 2021
Equity in trading account:
Unrestricted cash	$ 55,814,616	$ 52,983,597
Restricted cash	12,519,651	11,511,892
Net unrealized appreciation on open contracts	2,991,523	913,087
Total equity in trading account	71,325,790	65,408,576
Interest receivable	8,461	1,852
Total assets	71,334,251	65,410,428
Accrued expenses:
Ongoing selling agent fees	43,968	40,278
Management fees	43,594	36,981
Incentive fees	1,293,719	0
General Partner fees	51,848	47,545
Professional fees	184,537	165,264
Redemptions payable to General Partner	0	100,000
Redemptions payable to Limited Partners	700,071	776,739
Total liabilities	2,317,737	1,166,807
Partners' Capital:
Total partners' capital (net asset value)	69,016,514	64,243,621
Total liabilities and partners' capital	71,334,251	65,410,428
Class Z Redeemable Units [Member]
Partners' Capital:
General Partner	804,728	720,433
Limited Partners	158,347	141,760
Total partners' capital (net asset value)	$ 963,075	$ 862,193
Net asset value per Redeemable Unit:
Net asset value per Redeemable Unit	$ 1,142.18	$ 1,022.54
Class A Redeemable Units [Member]
Partners' Capital:
Limited Partners	$ 64,193,977	$ 59,765,213
Total partners' capital (net asset value)	$ 64,193,977	$ 59,765,213
Net asset value per Redeemable Unit:
Net asset value per Redeemable Unit	$ 883.80	$ 792.73
Class D Redeemable Units [Member]
Partners' Capital:
Limited Partners	$ 3,859,462	$ 3,616,215
Total partners' capital (net asset value)	$ 3,859,462	$ 3,616,215
Net asset value per Redeemable Unit:
Net asset value per Redeemable Unit	$ 1,106.08	$ 992.10
Forward Contracts [Member]
Equity in trading account:
Net unrealized appreciation on open contracts	$ 981,710	$ 54,739
Futures Contracts [Member]
Equity in trading account:
Net unrealized appreciation on open contracts	$ 2,009,813	$ 858,348

Statements of Financial Condi_2

Statements of Financial Condition (Parenthetical) - shares	Mar. 31, 2022	Dec. 31, 2021
Class A Redeemable Units [Member]
Limited Partners Capital, Redeemable units outstanding	72,633.9968	75,391.9488
Class D Redeemable Units [Member]
Limited Partners Capital, Redeemable units outstanding	3,489.3280	3,645.0220
Class Z Redeemable Units [Member]
General Partner Capital, Redeemable units outstanding	704.5560	704.5560
Limited Partners Capital, Redeemable units outstanding	138.6360	138.6360

Condensed Schedule of Investmen

Condensed Schedule of Investments	Mar. 31, 2022USD ($)Contract	Dec. 31, 2021USD ($)Contract
Futures Contracts [Member]
Schedule of Investments [Line Items]
Total unrealized appreciation on open contracts	$ 4,112,477	$ 2,170,180
Total unrealized depreciation on open contracts	(2,102,664)	(1,311,832)
Net unrealized appreciation (depreciation) on open contracts	$ 2,009,813	$ 858,348
% of Partners' Capital	2.91%	1.34%
Futures Contracts [Member] | Currencies [Member]
Schedule of Investments [Line Items]
Total unrealized appreciation on open contracts	$ 88,026	$ 17,382
Total unrealized depreciation on open contracts	(36,937)	(212,947)
Futures Contracts [Member] | Energy [Member]
Schedule of Investments [Line Items]
Total unrealized appreciation on open contracts	727,670	525,149
Total unrealized depreciation on open contracts	(387,811)	(276,058)
Futures Contracts [Member] | Grains [Member]
Schedule of Investments [Line Items]
Total unrealized appreciation on open contracts	465,298	221,747
Total unrealized depreciation on open contracts	(336,529)	(225,919)
Futures Contracts [Member] | Indices [Member]
Schedule of Investments [Line Items]
Total unrealized appreciation on open contracts	381,687	405,197
Total unrealized depreciation on open contracts	(298,116)	(178,599)
Futures Contracts [Member] | Interest Rates U.S. [Member]
Schedule of Investments [Line Items]
Total unrealized appreciation on open contracts	672,703	39,562
Total unrealized depreciation on open contracts	(290,344)	(81,617)
Futures Contracts [Member] | Interest Rates Non-U.S. [Member]
Schedule of Investments [Line Items]
Total unrealized appreciation on open contracts	1,409,201	643,854
Total unrealized depreciation on open contracts	(553,084)	(193,025)
Futures Contracts [Member] | Livestock [Member]
Schedule of Investments [Line Items]
Total unrealized appreciation on open contracts	51,230	3,075
Total unrealized depreciation on open contracts	(23,215)	(3,240)
Futures Contracts [Member] | Metals [Member]
Schedule of Investments [Line Items]
Total unrealized appreciation on open contracts	$ 143,831	194,765
Number of Contracts | Contract	25
Total unrealized depreciation on open contracts	$ (111,852)	(100,915)
Futures Contracts [Member] | Softs [Member]
Schedule of Investments [Line Items]
Total unrealized appreciation on open contracts	172,831	119,449
Total unrealized depreciation on open contracts	(64,776)	(39,512)
Futures Contracts [Member] | Long [Member]
Schedule of Investments [Line Items]
Net unrealized appreciation (depreciation) on open contracts	$ (66,006)	$ 621,789
% of Partners' Capital	(0.10%)	0.98%
Futures Contracts [Member] | Long [Member] | Currencies [Member]
Schedule of Investments [Line Items]
Number of Contracts | Contract	120	43
Net unrealized appreciation (depreciation) on open contracts	$ 41,446	$ 39,892
% of Partners' Capital	0.06%	(0.06%)
Futures Contracts [Member] | Long [Member] | Energy [Member]
Schedule of Investments [Line Items]
Number of Contracts | Contract	156	179
Net unrealized appreciation (depreciation) on open contracts	$ 134,755	$ 374,101
% of Partners' Capital	0.19%	0.58%
Futures Contracts [Member] | Long [Member] | Grains [Member]
Schedule of Investments [Line Items]
Number of Contracts | Contract	362	393
Net unrealized appreciation (depreciation) on open contracts	$ 107,931	$ 24,995
% of Partners' Capital	0.15%	0.04%
Futures Contracts [Member] | Long [Member] | Indices [Member]
Schedule of Investments [Line Items]
Number of Contracts | Contract	443	315
Net unrealized appreciation (depreciation) on open contracts	$ 65,839	$ 206,969
% of Partners' Capital	0.09%	0.32%
Futures Contracts [Member] | Long [Member] | Interest Rates U.S. [Member]
Schedule of Investments [Line Items]
Number of Contracts | Contract	156	368
Net unrealized appreciation (depreciation) on open contracts	$ (258,094)	$ (47,109)
% of Partners' Capital	(0.37%)	(0.07%)
Futures Contracts [Member] | Long [Member] | Interest Rates Non-U.S. [Member]
Schedule of Investments [Line Items]
Number of Contracts | Contract	215	279
Net unrealized appreciation (depreciation) on open contracts	$ (416,435)	$ (148,277)
% of Partners' Capital	(0.60%)	(0.23%)
Futures Contracts [Member] | Long [Member] | Livestock [Member]
Schedule of Investments [Line Items]
Number of Contracts | Contract	29	16
Net unrealized appreciation (depreciation) on open contracts	$ 45,220	$ (725)
% of Partners' Capital	0.07%	0.00%	[1]
Futures Contracts [Member] | Long [Member] | Metals [Member]
Schedule of Investments [Line Items]
Number of Contracts | Contract	142	89
Net unrealized appreciation (depreciation) on open contracts	$ 56,039	$ 183,889
% of Partners' Capital	0.08%	0.29%
Futures Contracts [Member] | Long [Member] | Softs [Member]
Schedule of Investments [Line Items]
Number of Contracts | Contract	130	94
Net unrealized appreciation (depreciation) on open contracts	$ 157,293	$ 67,838
% of Partners' Capital	0.23%	0.11%
Futures Contracts [Member] | Short [Member]
Schedule of Investments [Line Items]
Net unrealized appreciation (depreciation) on open contracts	$ 2,075,819	$ 236,559
% of Partners' Capital	3.01%	0.36%
Futures Contracts [Member] | Short [Member] | Currencies [Member]
Schedule of Investments [Line Items]
Number of Contracts | Contract	54	190
Net unrealized appreciation (depreciation) on open contracts	$ 9,643	$ (155,673)
% of Partners' Capital	0.01%	(0.24%)
Futures Contracts [Member] | Short [Member] | Energy [Member]
Schedule of Investments [Line Items]
Number of Contracts | Contract	58	139
Net unrealized appreciation (depreciation) on open contracts	$ 205,104	$ (125,010)
% of Partners' Capital	0.29%	(0.20%)
Futures Contracts [Member] | Short [Member] | Grains [Member]
Schedule of Investments [Line Items]
Number of Contracts | Contract	19	78
Net unrealized appreciation (depreciation) on open contracts	$ 20,838	$ (29,167)
% of Partners' Capital	0.03%	(0.05%)
Futures Contracts [Member] | Short [Member] | Indices [Member]
Schedule of Investments [Line Items]
Number of Contracts | Contract	367	233
Net unrealized appreciation (depreciation) on open contracts	$ 17,732	$ 19,629
% of Partners' Capital	0.03%	0.03%
Futures Contracts [Member] | Short [Member] | Interest Rates U.S. [Member]
Schedule of Investments [Line Items]
Number of Contracts | Contract	235	48
Net unrealized appreciation (depreciation) on open contracts	$ 640,453	$ 5,054
% of Partners' Capital	0.93%	0.01%
Futures Contracts [Member] | Short [Member] | Interest Rates Non-U.S. [Member]
Schedule of Investments [Line Items]
Number of Contracts | Contract	1,425	540
Net unrealized appreciation (depreciation) on open contracts	$ 1,272,552	$ 599,106
% of Partners' Capital	1.84%	0.93%
Futures Contracts [Member] | Short [Member] | Livestock [Member]
Schedule of Investments [Line Items]
Number of Contracts | Contract	16	2
Net unrealized appreciation (depreciation) on open contracts	$ (17,205)	$ 560
% of Partners' Capital	(0.02%)	0.00%	[1]
Futures Contracts [Member] | Short [Member] | Metals [Member]
Schedule of Investments [Line Items]
Number of Contracts | Contract		26
Net unrealized appreciation (depreciation) on open contracts	$ (24,060)	$ (90,039)
% of Partners' Capital	(0.03%)	(0.14%)
Futures Contracts [Member] | Short [Member] | Softs [Member]
Schedule of Investments [Line Items]
Number of Contracts | Contract	37	77
Net unrealized appreciation (depreciation) on open contracts	$ (49,238)	$ 12,099
% of Partners' Capital	(0.07%)	0.02%
Forward Contracts [Member]
Schedule of Investments [Line Items]
Total unrealized appreciation on open contracts	$ 3,560,458	$ 1,141,708
Total unrealized depreciation on open contracts	(2,578,748)	(1,086,969)
Net unrealized appreciation (depreciation) on open contracts	$ 981,710	$ 54,739
% of Partners' Capital	1.43%	0.09%
Forward Contracts [Member] | Unrealized Appreciation [Member]
Schedule of Investments [Line Items]
Total unrealized appreciation on open contracts	$ 3,560,458	$ 1,141,708
% of Partners' Capital	5.16%	1.78%
Forward Contracts [Member] | Total Unrealized Depreciation on Open Contracts [Member]
Schedule of Investments [Line Items]
Total unrealized depreciation on open contracts	$ (2,578,748)	$ (1,086,969)
% of Partners' Capital	(3.73%)	(1.69%)
Forward Contracts [Member] | Currencies [Member]
Schedule of Investments [Line Items]
Total unrealized appreciation on open contracts	$ 2,878,930	$ 900,388
Unrealized Appreciation on Open Forward Contracts, Notional Amount	131,774,913	81,157,828
Total unrealized depreciation on open contracts	(2,266,707)	(822,999)
Unrealized Depreciation on Open Forward Contracts, Notional Amount	109,429,340	72,375,905
Forward Contracts [Member] | Currencies [Member] | Unrealized Appreciation [Member]
Schedule of Investments [Line Items]
Total unrealized appreciation on open contracts	$ 2,878,930	$ 900,388
% of Partners' Capital	4.17%	1.40%
Forward Contracts [Member] | Currencies [Member] | Total Unrealized Depreciation on Open Contracts [Member]
Schedule of Investments [Line Items]
Total unrealized depreciation on open contracts	$ (2,266,707)	$ (822,999)
% of Partners' Capital	(3.28%)	(1.28%)
Forward Contracts [Member] | Metals [Member]
Schedule of Investments [Line Items]
Total unrealized appreciation on open contracts	$ 681,528	$ 241,320
Total unrealized depreciation on open contracts	(312,041)	(263,970)
Forward Contracts [Member] | Metals [Member] | Unrealized Appreciation [Member]
Schedule of Investments [Line Items]
Total unrealized appreciation on open contracts	$ 681,528
Net unrealized appreciation (depreciation) on open contracts		$ 241,320
% of Partners' Capital	0.99%	0.38%
Forward Contracts [Member] | Metals [Member] | Total Unrealized Depreciation on Open Contracts [Member]
Schedule of Investments [Line Items]
Total unrealized depreciation on open contracts	$ (312,041)	$ (263,970)
% of Partners' Capital	(0.45%)	(0.41%)
Forward Contracts [Member] | Net Unrealized Appreciation On Open Forward Contracts [Member] | Metals [Member]
Schedule of Investments [Line Items]
Number of Contracts | Contract	62	58
Forward Contracts [Member] | Net Unrealized Depreciation On Open Forward Contracts [Member] | Metals [Member]
Schedule of Investments [Line Items]
Number of Contracts | Contract	42	64
[1]	Due to rounding.

Statements of Income and Expens

Statements of Income and Expenses - USD ($)		3 Months Ended
		Mar. 31, 2022	Mar. 31, 2021
Investment Income:
Interest income		$ 11,958	$ 6,329
Expenses:
Clearing fees related to direct investments		70,327	105,319
Ongoing selling agent fees		126,024	136,031
General Partner fees		148,573	160,462
Management fees		127,297	150,308
Incentive fees		1,293,719	570,288
Professional fees		73,980	98,047
Total expenses		1,839,920	1,220,455
Net investment loss		(1,827,962)	(1,214,126)
Net gains (losses) on trading of commodity interests and investment in the Funds:
Net realized gains (losses) on closed contracts		6,992,102	4,726,641
Net change in unrealized gains (losses) on open contracts		2,074,792	(293,698)
Total trading results		9,066,894	4,432,943
Net income (loss)		7,238,932	3,218,817
Class A Redeemable Units [Member]
Net gains (losses) on trading of commodity interests and investment in the Funds:
Net income (loss)		$ 6,738,055	$ 2,928,242
Net income (loss) per Redeemable Unit	[1]	$ 91.07	$ 33.07
Weighted average Redeemable Units outstanding		74,344.2975	91,004.7778
Class D Redeemable Units [Member]
Net gains (losses) on trading of commodity interests and investment in the Funds:
Net income (loss)		$ 399,995	$ 241,029
Net income (loss) per Redeemable Unit	[1]	$ 113.98	$ 41.38
Weighted average Redeemable Units outstanding		3,541.2260	5,824.8820
Class Z Redeemable Units [Member]
Net gains (losses) on trading of commodity interests and investment in the Funds:
Net income (loss)		$ 100,882	$ 49,546
Net income (loss) per Redeemable Unit	[1]	$ 119.64	$ 44.15
Weighted average Redeemable Units outstanding		843.1920	1,122.1270
[1]	Represents the change in net asset value per Redeemable Unit during the period.

Statements of Changes in Partne

Statements of Changes in Partners' Capital - USD ($)	Total	General Partner [Member]	Limited Partners [Member]	Class A Redeemable Units [Member]	Class A Redeemable Units [Member]Limited Partners [Member]	Class D Redeemable Units [Member]	Class D Redeemable Units [Member]Limited Partners [Member]	Class Z Redeemable Units [Member]	Class Z Redeemable Units [Member]General Partner [Member]	Class Z Redeemable Units [Member]Limited Partners [Member]
Partners' Capital, Balance at Dec. 31, 2020	$ 73,685,134			$ 67,400,489		$ 5,250,088		$ 1,034,557
Redemptions		$ (175,000)	$ (5,903,288)		$ (5,846,726)		$ (56,562)		$ (175,000)	$ 0
Net income (loss)	3,218,817			2,928,242		241,029		49,546
Partners' Capital, Balance at Mar. 31, 2021	$ 70,825,663			$ 64,482,005		$ 5,434,555		$ 909,103
Partners' Capital, Balance - Redeemable Units at Dec. 31, 2020	100,533.8768			93,586.8678		5,824.8820		1,122.1270
Partners' Capital, Balance - Redeemable Units at Mar. 31, 2021	92,310.3218			85,604.4518		5,764.8820		940.9880
Redemptions - Redeemable Units		(181.1390)	(8,042.4160)		(7,982.4160)		(60)		(181.1390)	0
Partners' Capital, Balance at Dec. 31, 2021	$ 64,243,621			$ 59,765,213		$ 3,616,215		$ 862,193
Redemptions			$ (2,466,039)		$ (2,309,291)		$ (156,748)
Net income (loss)	7,238,932			6,738,055		399,995		100,882
Partners' Capital, Balance at Mar. 31, 2022	$ 69,016,514			$ 64,193,977		$ 3,859,462		$ 963,075
Partners' Capital, Balance - Redeemable Units at Dec. 31, 2021	79,880.1628			75,391.9488		3,645.0220		843.1920
Partners' Capital, Balance - Redeemable Units at Mar. 31, 2022	76,966.5168			72,633.9968		3,489.3280		843.1920
Redemptions - Redeemable Units			(2,913.6460)		(2,757.9520)		(155.6940)

Organization

Organization	3 Months Ended
	Mar. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization	1. Organization: Ceres Tactical Systematic L.P. (the “Partnership”) is a limited partnership organized under the partnership laws of the State of New York on December 3, 2002 to engage, directly or indirectly, in the speculative trading of a diversified portfolio of commodity interests including futures, option, swap and forward contracts. The sectors traded include currencies, energy, grains, indices, U.S. and non-U.S. Between March 27, 2003 (commencement of the public offering period) and April 30, 2003, 36,616 redeemable units of limited partnership interest in the Partnership (“Redeemable Units”) were sold at $1,000 per Redeemable Unit. The proceeds of the initial public offering were held in an escrow account until April 30, 2003, at which time they were turned over to the Partnership for trading. The Partnership was authorized to publicly offer 300,000 Redeemable Units during the initial public offering period. As of December 4, 2003, the Partnership was authorized to publicly offer an additional 700,000 Redeemable Units. As of October 7, 2004, the Partnership was authorized to publicly offer an additional 1,000,000 Redeemable Units. As of June 30, 2005, the Partnership was authorized to publicly offer Redeemable Units previously registered. The public offering of Redeemable Units terminated on November 30, 2008. The Partnership currently privately and continuously offers Redeemable Units to qualified investors. There is no maximum number of Redeemable Units that may be sold by the Partnership. Ceres Managed Futures LLC, a Delaware limited liability company, acts as the general partner (the “General Partner”) and commodity pool operator of the Partnership. The General Partner is a wholly-owned subsidiary of Morgan Stanley Domestic Holdings, Inc. (“MSD Holdings”). MSD Holdings is ultimately owned by Morgan Stanley. Morgan Stanley is a publicly held company whose shares are listed on the New York Stock Exchange. Morgan Stanley is engaged in various financial services and other businesses. During the reporting periods ended March 31, 2022 and 2021, the Partnership’s commodity broker was Morgan Stanley & Co. LLC (“MS&Co.”), a registered futures commission merchant. As of January 1, 2018, the Partnership began offering three classes of limited partnership interests, Class A Redeemable Units, Class D Redeemable Units and Class Z Redeemable Units. All Redeemable Units issued prior to January 1, 2018 were deemed Class A Redeemable Units. The rights, liabilities, risks, and fees associated with investment in Class A Redeemable Units were not changed. Class A Redeemable Units are available to taxable U.S. individuals and institutions, U.S. tax exempt individuals and institutions, and non-U.S. non-U.S. As of March 31, 2022, all trading decisions were made for the Partnership by DCM Systematic Advisors SA (“DCM”), Episteme Capital Partners (UK) LLP, Episteme Capital Partners (US) LLC and Episteme Capital Partners (Cayman) LTD (collectively, “Episteme”), ISAM Systematic Management (“ISAM SM”) and Millburn Ridgefield Corporation (“Millburn”) (each an “Advisor” and, collectively, the “Advisors”), each of which is a registered commodity trading advisor. Effective October 31, 2021, the General Partner terminated FORT, L.P. (“FORT”) as an Advisor to the Partnership. Reference herein to “Advisors” may include, as relevant, FORT. The Advisors are not affiliated with one another, are not affiliated with the General Partner or MS&Co., and are not responsible for the operation of the Partnership. ISAM SM trades the Partnership’s assets allocated to it through a managed account in the name of the Partnership pursuant to ISAM SM’s Systematic Trend Programme. Effective January 1, 2020, Millburn trades the Partnership’s assets allocated to it through a managed account in the name of the Partnership pursuant to Millburn’s Multi-Markets Program. The General Partner and Millburn have agreed that Millburn will trade the Partnership’s assets allocated to Millburn at a level that is up to 1.5 times the amount of assets allocated. The amount of leverage may be increased or decreased in the future, but it may not exceed 2 times the amount of assets allocated. Effective November 1, 2020, Episteme trades the Partnership’s assets allocated to them through a managed account in the name of the Partnership pursuant to Episteme’s Systematic Quest Program. The General Partner and Episteme have agreed that Episteme will trade the Partnership’s assets allocated to Episteme at a level that is up to 2 times the amount of assets allocated. The amount of leverage may be increased or decreased in the future, but it may not exceed 2 times the amount of assets allocated. Effective January 1, 2021, DCM trades a portion of the Partnership’s assets allocated to it through a managed account in the name of the Partnership pursuant to DCM’s Diversified Alpha Program. The General Partner and DCM have agreed that DCM will trade the Partnership’s assets allocated to DCM at a level that is 1.75 times the amount of assets allocated. The amount of leverage maybe increased or decreased in the future but may not exceed 2 times the amount of assets allocated. The Partnership entered into futures brokerage account agreements and foreign exchange prime brokerage account agreements with MS&Co. The Partnership pays MS&Co. (or will reimburse MS&Co. if previously paid) its allocable share of all trading fees for the clearing and, where applicable, execution of transactions, as well as exchange, user, give-up, The Partnership has entered into a selling agreement with Morgan Stanley Wealth Management (the “Selling Agreement”). Under the Selling Agreement the Partnership pays Morgan Stanley Wealth Management a monthly ongoing selling agent fee equal to 0.75% per year of adjusted month-end The Partnership has entered into an alternative investment placement agent agreement (the “Harbor Selling Agreement”), by and among the Partnership, the General Partner, Morgan Stanley Distribution Inc. (“MSDI”) and Harbor Investment Advisory, LLC, a Maryland limited liability company (“Harbor”), which supersedes and replaces the alternative investment selling agent agreement, dated January 19, 2018, between the Partnership, the General Partner and Harbor. Pursuant to the Harbor Selling Agreement, MSDI and Harbor have been appointed as a non-exclusive sub-selling one-year month-end The General Partner fees paid by the Partnership to the General Partner for all limited partners is equal to a monthly rate of 1/12 of 0.875% (a 0.875% annual rate) of the adjusted month-end The General Partner fees, management fees, incentive The General Partner has delegated certain administrative functions to SS&C Technologies, Inc., a Delaware corporation, currently doing business as SS&C GlobeOp (the “Administrator”). Pursuant to a master services agreement, the Administrator furnishes certain administrative, accounting, regulatory reporting, tax and other services as agreed from time to time. In addition, the Administrator maintains certain books and records of the Partnership. The cost of retaining the Administrator is allocated among the pools operated by the General Partner, including the Partnership.

Basis of Presentation and Summa

Basis of Presentation and Summary of Significant Accounting Policies	3 Months Ended
	Mar. 31, 2022
Accounting Policies [Abstract]
Basis of Presentation and Summary of Significant Accounting Policies	2. Basis of Presentation and Summary of Significant Accounting Policies: The accompanying financial statements and accompanying notes are unaudited but, in the opinion of the General Partner, include all adjustments, consisting only of normal recurring adjustments, necessary for a fair presentation of the Partnership’s financial condition at March 31, 2022 and the results of its operations and changes in partners’ capital for the three months ended March 31, 2022 and 2021. These financial statements present the results for interim periods and do not include all disclosures normally provided in annual financial statements. These financial statements should be read together with the financial statements and notes included in the Partnership’s Annual Report on Form 10-K 10-K”) Due to the nature of commodity trading, the results of operations for the interim periods presented should not be considered indicative of the results that may be expected for the entire year. Use of Estimates Profit Allocation. Statement of Cash Flows. “Statement of Cash Flows.” Partnership’s Derivative Investments. first-in, first-out The Partnership does not isolate the portion of the results of operations arising from the effect of changes in foreign exchange rates on investments from fluctuations from changes in market prices of investments held. Such fluctuations are included in total trading results in the Partnership’s Statements of Income and Expenses. Partnership’s Cash. cash Income Taxes. “Income Taxes,” “more-likely-than-not” more-likely-than-not 2018 Investment Company Status. deemed 2013-08 “Financial Services—Investment Companies (Topic 946): Amendments to the Scope, Measurement and Disclosure Requirements” Net Income (Loss) per Redeemable Unit. Financial Services-Investment Companies There have been no material changes with respect to the Partnership’s critical accounting policies as reported in the Partnership’s Annual Report on Form 10-K for the year ended December 31, 2021.

Financial Highlights

Financial Highlights	3 Months Ended
	Mar. 31, 2022
Investment Company [Abstract]
Financial Highlights	3. Financial Highlights: Financial highlights for the limited partner Classes as a whole for the three months ended March 31, 2022 and 2021 were as follows: Three Months Ended March 31, 2022 Three Months Ended March 31, 2021 Class A Class D Class Z Class A Class D Class Z Per Redeemable Unit Performance (for a unit outstanding throughout the period):* Net realized and unrealized gains (losses) $ 113.98 $ 142.57 $ 147.35 $ 45.26 $ 56.65 $ 58.01 Net investment loss (22.91 ) (28.59 ) (27.71 ) (12.19 ) (15.27 ) (13.86 ) Increase (decrease) for the period 91.07 113.98 119.64 33.07 41.38 44.15 Net asset value per Redeemable Unit, beginning of period 792.73 992.10 1,022.54 720.19 901.32 921.96 Net asset value per Redeemable Unit, end of period $ 883.80 $ 1,106.08 $ 1,142.18 $ 753.26 $ 942.70 $ 966.11 Three Months Ended March 31, 2022 Three Months Ended March 31, 2021 Class A Class D Class Z Class A Class D Class Z Ratios to Average Limited Partners’ Capital:** Net investment loss*** (5.3 ) % (5.2 ) % (4.5 ) % (4.5 ) % (4.4 ) % (3.6 ) % Operating expenses 3.4 % 3.4 % 2.6 % 3.7 % 3.7 % 2.9 % Incentive fees 2.0 % 2.0 % 2.0 % 0.8 % 0.8 % 0.8 % Total expenses 5.4 % 5.4 % 4.6 % 4.5 % 4.5 % 3.7 % Total return: Total return before incentive fees 13.5 % 13.5 % 13.8 % 5.4 % 5.4 % 5.6 % Incentive fees (2.0 ) % (2.0 ) % (2.1 ) % (0.8 ) % (0.8 ) % (0.8 ) % Total return after incentive fees 11.5 % 11.5 % 11.7 % 4.6 % 4.6 % 4.8 % * Net investment loss per Redeemable Unit is calculated by dividing the interest income less total expenses by the average number of Redeemable Units outstanding during the period. The net realized and unrealized gains (losses) per Redeemable Unit is a balancing amount necessary to reconcile the change in net asset value per Redeemable Unit with the other per unit information. ** Annualized (except for incentive fees). *** Interest income less total expenses. The above ratios and total return may vary for individual investors based on the timing of capital transactions during the period. Additionally, these ratios are calculated for the limited partner class using the limited partners’ share of income, expenses and average partners’ capital of the Partnership.

Trading Activities

Trading Activities	3 Months Ended
	Mar. 31, 2022
Brokers and Dealers [Abstract]
Trading Activities	4. Trading Activities: The Partnership was formed for the purpose of trading contracts in a variety of commodity interests, including derivative financial instruments and derivative commodity instruments. The results of the Partnership’s trading activities are shown in the Statements of Income and Expenses. The Partnership’s customer agreement with MS&Co. and foreign exchange brokerage account agreements give the Partnership the legal right to net unrealized gains and losses on open futures contracts and open forward contracts in the Statements of Financial Condition. The Partnership nets, for financial reporting purposes, the unrealized gains and losses on open futures contracts and open forward contracts in the Statements of Financial Condition as the criteria under ASC 210-20, Balance Sheet The Partnership’s trading of futures, forward and option contracts, as applicable, on commodities is done primarily on U.S. and foreign commodity exchanges. The Partnership engages in such trading through commodity brokerage accounts maintained with MS&Co. All of the commodity interests owned by the Partnership are held for trading purposes. The monthly average number of futures contracts traded by the Partnership during the three months ended March 31, 2022 and 2021 were 4,127 and 6,864, respectively. The monthly average number of metals forward contracts traded by the Partnership during the three months ended March 31, 2022 and 2021 were 151 and 323, respectively. The monthly average notional value of currency forward contracts traded by the Partnership during the three months ended March 31, 2022 and 2021 were $249,437,160 and $268,357,647, respectively. The following tables summarize the gross and net amounts recognized relating to assets and liabilities of the Partnership’s derivatives and their offsetting subject to master netting arrangements or similar agreements as of March 31, 2022 and December 31, 2021, respectively. Gross Amounts Net Amounts Gross Amounts Not Offset in the Offset in the Presented in the Statements of Financial Condition Gross Statements of Statements of Cash Collateral Amounts Financial Financial Financial Received/ Net March 31, 2022 Recognized Condition Condition Instruments Pledged* Amount Assets Futures $ 4,112,477 $ (2,102,664 ) $ 2,009,813 $ - $ - $ 2,009,813 Forwards 3,560,458 (2,578,748 ) 981,710 - - 981,710 Total assets $ 7,672,935 $ (4,681,412 ) $ 2,991,523 $ - $ - $ 2,991,523 Liabilities Futures $ (2,102,664 ) $ 2,102,664 $ - $ - $ - $ - Forwards (2,578,748 ) 2,578,748 - - - - Total liabilities $ (4,681,412 ) $ 4,681,412 $ - $ - $ - $ - Net fair value $ 2,991,523 * Gross Amounts Net Amounts Gross Amounts Not Offset in the Offset in the Presented in the Statements of Financial Condition Gross Statements of Statements of Cash Collateral Amounts Financial Financial Financial Received/ Net December 31, 2021 Recognized Condition Condition Instruments Pledged* Amount Assets Futures $ 2,170,180 $ (1,311,832 ) $ 858,348 $ - $ - $ 858,348 Forwards 1,141,708 (1,086,969 ) 54,739 - - 54,739 Total assets $ 3,311,888 $ (2,398,801 ) $ 913,087 $ - $ - $ 913,087 Liabilities Futures $ (1,311,832 ) $ 1,311,832 $ - $ - $ - $ - Forwards (1,086,969 ) 1,086,969 - - - - Total liabilities $ (2,398,801 ) $ 2,398,801 $ - $ - $ - $ - Net fair value $ 913,087 * * In the event of default by the Partnership, MS&Co., the Partnership’s commodity futures broker and the sole counterparty to the Partnership’s non-exchange-traded The following tables indicate the gross fair values of derivative instruments of futures and forward contracts held by the Partnership as separate assets and liabilities as of March 31, 2022 and December 31, 2021, respectively. March 31, 2022 Assets Futures Contracts Currencies $ 88,026 Energy 727,670 Grains 465,298 Indices 381,687 Interest Rates U.S. 672,703 Interest Rates Non-U.S. 1,409,201 Livestock 51,230 Metals 143,831 Softs 172,831 Total unrealized appreciation on open futures contracts 4,112,477 Liabilities Futures Contracts Currencies (36,937 ) Energy (387,811 ) Grains (336,529 ) Indices (298,116 ) Interest Rates U.S. (290,344 ) Interest Rates Non-U.S. (553,084 ) Livestock (23,215 ) Metals (111,852 ) Softs (64,776 ) Total unrealized depreciation on open futures contracts (2,102,664 ) Net unrealized appreciation on open futures contracts $ 2,009,813 * Assets Forward Contracts Currencies $ 2,878,930 Metals 681,528 Total unrealized appreciation on open forward contracts 3,560,458 Liabilities Forward Contracts Currencies (2,266,707 ) Metals (312,041 ) Total unrealized depreciation on open forward contracts (2,578,748 ) Net unrealized appreciation on open forward contracts $ 981,710 ** * This amount is in “Net unrealized appreciation on open futures contracts” in the Statements of Financial Condition. ** This amount is in “Net unrealized appreciation on open forward contracts” in the Statements of Financial Condition. December 31, Assets Futures Contracts Currencies $ 17,382 Energy 525,149 Grains 221,747 Indices 405,197 Interest Rates U.S. 39,562 Interest Rates Non-U.S. 643,854 Livestock 3,075 Metals 194,765 Softs 119,449 Total unrealized appreciation on open futures contracts 2,170,180 Liabilities Futures Contracts Currencies (212,947 ) Energy (276,058 ) Grains (225,919 ) Indices (178,599 ) Interest Rates U.S. (81,617 ) Interest Rates Non-U.S. (193,025 ) Livestock (3,240 ) Metals (100,915 ) Softs (39,512 ) Total unrealized depreciation on open futures contracts (1,311,832 ) Net unrealized appreciation on open futures contracts $ 858,348 * Assets Forward Contracts Currencies $ 900,388 Metals 241,320 Total unrealized appreciation on open forward contracts 1,141,708 Liabilities Forward Contracts Currencies (822,999 ) Metals (263,970 ) Total unrealized depreciation on open forward contracts (1,086,969 ) Net unrealized appreciation on open forward contracts $ 54,739 ** * This amount is in “Net unrealized appreciation on open futures contracts” in the Statements of Financial Condition. ** This amount is in “Net unrealized appreciation on open forward contracts” in the Statements of Financial Condition. The following table indicates the trading gains and losses, by market sector, on derivative instruments traded by the Partnership for the three months ended March 31, 2022 and 2021, respectively. Three Months Ended March 31, Sector 2022 2021 Currencies $ 230,392 $ 237,955 Energy 4,082,202 4,805,562 Grains 1,704,941 885,086 Indices 475,537 3,253,130 Interest Rates U.S. 119,008 (2,958,126 ) Interest Rates Non-U.S. 2,112,906 (1,558,125 ) Livestock (37,125 ) 105,430 Metals 532,624 (311,410 ) Softs (153,591 ) (26,559 ) Total $ 9,066,894 *** $ 4,432,943 *** *** This amount is included in “Total trading results” in the Statements of Income and Expenses.

Fair Value Measurements

Fair Value Measurements	3 Months Ended
	Mar. 31, 2022
Fair Value Disclosures [Abstract]
Fair Value Measurements	5. Fair Value Measurements: Partnership’s Fair Value Measurements The fair value of exchange-traded futures, option and forward contracts is determined by the various exchanges, and reflects the settlement price for each contract as of the close of business on the last business day of the reporting period. The fair value of foreign currency forward contracts is extrapolated on a forward basis from the spot prices quoted as of approximately 3:00 P.M. (E.T.) on the last business day of the reporting period from various exchanges. The fair value of non-exchange-traded The Partnership considers prices for commodity futures, swap and option contracts to be based on unadjusted quoted prices in active markets for identical assets and liabilities (Level 1). The values of U.S. Treasury bills, non-exchange-traded March 31, 2022 Total Level 1 Level 2 Level 3 Assets Futures $ 4,112,477 $ 4,112,477 $ - $ - Forwards 3,560,458 - 3,560,458 - Total Assets $ 7,672,935 $ 4,112,477 $ 3,560,458 $ - Liabilities Futures $ 2,102,664 $ 2,102,664 $ - $ - Forwards 2,578,748 - 2,578,748 - Total Liabilities $ 4,681,412 $ 2,102,664 $ 2,578,748 $ - December 31, 2021 Total Level 1 Level 2 Level 3 Assets Futures $ 2,170,180 $ 2,170,180 $ - $ - Forwards 1,141,708 - 1,141,708 - Total Assets $ 3,311,888 $ 2,170,180 $ 1,141,708 $ - Liabilities Futures $ 1,311,832 $ 1,311,832 $ - $ - Forwards 1,086,969 - 1,086,969 - Total Liabilities $ 2,398,801 $ 1,311,832 $ 1,086,969 $ -

Financial Instrument Risks

Financial Instrument Risks	3 Months Ended
	Mar. 31, 2022
Investments, All Other Investments [Abstract]
Financial Instrument Risks	6. Financial Instrument Risks: In the normal course of business, the Partnership is party to financial instruments with off-balance-sheet over-the-counter Futures Contracts. Forward Foreign Currency Contracts. London Metal Exchange Forward Contracts. Market risk is the potential for changes in the value of the financial instruments traded by the Partnership due to market changes, including interest and foreign exchange rate movements and fluctuations in commodity or security prices. Market risk is directly impacted by the volatility and liquidity in the markets in which the related underlying assets are traded. The Partnership is exposed to market risk equal to the value of the futures and forward contracts held and unlimited liability on such contracts sold short. Credit risk is the possibility that a loss may occur due to the failure of a counterparty to perform according to the terms of a contract. The Partnership’s risk of loss in the event of counterparty default is typically limited to the amounts recognized in the Statements of Financial Condition and is (was) not represented by the contract or notional amounts of the instruments. The Partnership’s risk of loss is reduced through the use of legally enforceable master netting agreements with counterparties that permit the Partnership to offset unrealized gains and losses and other assets and liabilities with such counterparties upon the occurrence of certain events. The Partnership has credit risk and concentration risk, as MS&Co. or an MS&Co. affiliate are counterparties or brokers with respect to the Partnership’s assets. Credit risk with respect to exchange-traded instruments is reduced to the extent that, through MS&Co. or an MS&Co. affiliate, the Partnership’s counterparty is or was an exchange or clearing organization. The General Partner monitors and attempts to mitigate the Partnership’s risk exposure on a daily basis through financial, credit and risk management monitoring systems, and accordingly, believes that it has or had effective procedures for evaluating and limiting the credit and market risks to which the Partnership may or may have been subject. These monitoring systems generally allow the General Partner to statistically analyze actual trading results with risk-adjusted performance indicators and correlation statistics. In addition, online monitoring systems provide account analysis of futures, exchange-cleared swaps, forward and option contracts by sector, margin requirements, gain and loss transactions and collateral positions. The majority of these financial instruments mature within one year of the inception date. However, due to the nature of the Partnership’s business, these instruments may not be or have not been held to maturity. The risk to the limited partners that have purchased Redeemable Units is limited to the amount of their share of the Partnership’s net assets and undistributed profits. This limited liability is a result of the organization of the Partnership as a limited partnership under New York law. In the ordinary course of business, the Partnership enters into contracts and agreements that contain various representations and warranties and which provide or provided general indemnifications. The Partnership’s maximum exposure under these arrangements cannot be determined, as this could include future claims that have not yet been made against the Partnership. The General Partner consider the risk of any future obligation relating to these indemnifications to be remote. Since its discovery in December 2019, a new strain of coronavirus, which causes the viral disease known as COVID-19, The COVID-19 sheltering-in-place Given the continuing development of this situation, it is not possible to accurately predict how the market disruptions caused by COVID-19 On February 22, 2022, the United States and several European nations announced sanctions against Russia in response to Russia’s mobilization of forces and threat of invasion of the Ukraine, and governments around the world imposed, and may in the future impose, additional sanctions on Russia in response to its continued escalation of this conflict. On February 24, 2022, Russian President Putin commenced a full-scale invasion of Russia’s pre-positioned

Subsequent Events

Subsequent Events	3 Months Ended
	Mar. 31, 2022
Subsequent Events [Abstract]
Subsequent Events	7. Subsequent Events: The General Partner evaluates events that occur after the balance sheet date but before and up until financial statements are available to be issued. The General Partner has assessed the subsequent events through the date the financial statements were issued and has determined that there were no subsequent events requiring adjustment to or disclosure in the financial statements.

Basis of Presentation and Sum_2

Basis of Presentation and Summary of Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2022
Accounting Policies [Abstract]
Use of Estimates	Use of Estimates
Profit Allocation	Profit Allocation.
Statement of Cash Flows	Statement of Cash Flows. “Statement of Cash Flows.”
Partnership's/Funds' Derivative Investments	Partnership’s Derivative Investments. first-in, first-out The Partnership does not isolate the portion of the results of operations arising from the effect of changes in foreign exchange rates on investments from fluctuations from changes in market prices of investments held. Such fluctuations are included in total trading results in the Partnership’s Statements of Income and Expenses.
Partnership's Cash	Partnership’s Cash. cash
Income Taxes	Income Taxes. “Income Taxes,” “more-likely-than-not” more-likely-than-not 2018
Investment Company Status	Investment Company Status. deemed 2013-08 “Financial Services—Investment Companies (Topic 946): Amendments to the Scope, Measurement and Disclosure Requirements”
Net Income (Loss) per Redeemable Unit	Net Income (Loss) per Redeemable Unit. Financial Services-Investment Companies

Financial Highlights (Tables)

Financial Highlights (Tables)	3 Months Ended
	Mar. 31, 2022
Investment Company [Abstract]
Financial Highlights	Financial highlights for the limited partner Classes as a whole for the three months ended March 31, 2022 and 2021 were as follows: Three Months Ended March 31, 2022 Three Months Ended March 31, 2021 Class A Class D Class Z Class A Class D Class Z Per Redeemable Unit Performance (for a unit outstanding throughout the period):* Net realized and unrealized gains (losses) $ 113.98 $ 142.57 $ 147.35 $ 45.26 $ 56.65 $ 58.01 Net investment loss (22.91 ) (28.59 ) (27.71 ) (12.19 ) (15.27 ) (13.86 ) Increase (decrease) for the period 91.07 113.98 119.64 33.07 41.38 44.15 Net asset value per Redeemable Unit, beginning of period 792.73 992.10 1,022.54 720.19 901.32 921.96 Net asset value per Redeemable Unit, end of period $ 883.80 $ 1,106.08 $ 1,142.18 $ 753.26 $ 942.70 $ 966.11 Three Months Ended March 31, 2022 Three Months Ended March 31, 2021 Class A Class D Class Z Class A Class D Class Z Ratios to Average Limited Partners’ Capital:** Net investment loss*** (5.3 ) % (5.2 ) % (4.5 ) % (4.5 ) % (4.4 ) % (3.6 ) % Operating expenses 3.4 % 3.4 % 2.6 % 3.7 % 3.7 % 2.9 % Incentive fees 2.0 % 2.0 % 2.0 % 0.8 % 0.8 % 0.8 % Total expenses 5.4 % 5.4 % 4.6 % 4.5 % 4.5 % 3.7 % Total return: Total return before incentive fees 13.5 % 13.5 % 13.8 % 5.4 % 5.4 % 5.6 % Incentive fees (2.0 ) % (2.0 ) % (2.1 ) % (0.8 ) % (0.8 ) % (0.8 ) % Total return after incentive fees 11.5 % 11.5 % 11.7 % 4.6 % 4.6 % 4.8 % * Net investment loss per Redeemable Unit is calculated by dividing the interest income less total expenses by the average number of Redeemable Units outstanding during the period. The net realized and unrealized gains (losses) per Redeemable Unit is a balancing amount necessary to reconcile the change in net asset value per Redeemable Unit with the other per unit information. ** Annualized (except for incentive fees). *** Interest income less total expenses.

Trading Activities (Tables)

Trading Activities (Tables)	3 Months Ended
	Mar. 31, 2022
Brokers and Dealers [Abstract]
Summary of Gross and Net Amounts Recognized Relating to Assets and Liabilities of Partnership's Derivatives	The following tables summarize the gross and net amounts recognized relating to assets and liabilities of the Partnership’s derivatives and their offsetting subject to master netting arrangements or similar agreements as of March 31, 2022 and December 31, 2021, respectively. Gross Amounts Net Amounts Gross Amounts Not Offset in the Offset in the Presented in the Statements of Financial Condition Gross Statements of Statements of Cash Collateral Amounts Financial Financial Financial Received/ Net March 31, 2022 Recognized Condition Condition Instruments Pledged* Amount Assets Futures $ 4,112,477 $ (2,102,664 ) $ 2,009,813 $ - $ - $ 2,009,813 Forwards 3,560,458 (2,578,748 ) 981,710 - - 981,710 Total assets $ 7,672,935 $ (4,681,412 ) $ 2,991,523 $ - $ - $ 2,991,523 Liabilities Futures $ (2,102,664 ) $ 2,102,664 $ - $ - $ - $ - Forwards (2,578,748 ) 2,578,748 - - - - Total liabilities $ (4,681,412 ) $ 4,681,412 $ - $ - $ - $ - Net fair value $ 2,991,523 * Gross Amounts Net Amounts Gross Amounts Not Offset in the Offset in the Presented in the Statements of Financial Condition Gross Statements of Statements of Cash Collateral Amounts Financial Financial Financial Received/ Net December 31, 2021 Recognized Condition Condition Instruments Pledged* Amount Assets Futures $ 2,170,180 $ (1,311,832 ) $ 858,348 $ - $ - $ 858,348 Forwards 1,141,708 (1,086,969 ) 54,739 - - 54,739 Total assets $ 3,311,888 $ (2,398,801 ) $ 913,087 $ - $ - $ 913,087 Liabilities Futures $ (1,311,832 ) $ 1,311,832 $ - $ - $ - $ - Forwards (1,086,969 ) 1,086,969 - - - - Total liabilities $ (2,398,801 ) $ 2,398,801 $ - $ - $ - $ - Net fair value $ 913,087 * * In the event of default by the Partnership, MS&Co., the Partnership’s commodity futures broker and the sole counterparty to the Partnership’s non-exchange-traded
Gross Fair Values of Derivative Instruments of Futures and Forward Contracts Traded	The following tables indicate the gross fair values of derivative instruments of futures and forward contracts held by the Partnership as separate assets and liabilities as of March 31, 2022 and December 31, 2021, respectively. March 31, 2022 Assets Futures Contracts Currencies $ 88,026 Energy 727,670 Grains 465,298 Indices 381,687 Interest Rates U.S. 672,703 Interest Rates Non-U.S. 1,409,201 Livestock 51,230 Metals 143,831 Softs 172,831 Total unrealized appreciation on open futures contracts 4,112,477 Liabilities Futures Contracts Currencies (36,937 ) Energy (387,811 ) Grains (336,529 ) Indices (298,116 ) Interest Rates U.S. (290,344 ) Interest Rates Non-U.S. (553,084 ) Livestock (23,215 ) Metals (111,852 ) Softs (64,776 ) Total unrealized depreciation on open futures contracts (2,102,664 ) Net unrealized appreciation on open futures contracts $ 2,009,813 * Assets Forward Contracts Currencies $ 2,878,930 Metals 681,528 Total unrealized appreciation on open forward contracts 3,560,458 Liabilities Forward Contracts Currencies (2,266,707 ) Metals (312,041 ) Total unrealized depreciation on open forward contracts (2,578,748 ) Net unrealized appreciation on open forward contracts $ 981,710 ** * This amount is in “Net unrealized appreciation on open futures contracts” in the Statements of Financial Condition. ** This amount is in “Net unrealized appreciation on open forward contracts” in the Statements of Financial Condition. December 31, Assets Futures Contracts Currencies $ 17,382 Energy 525,149 Grains 221,747 Indices 405,197 Interest Rates U.S. 39,562 Interest Rates Non-U.S. 643,854 Livestock 3,075 Metals 194,765 Softs 119,449 Total unrealized appreciation on open futures contracts 2,170,180 Liabilities Futures Contracts Currencies (212,947 ) Energy (276,058 ) Grains (225,919 ) Indices (178,599 ) Interest Rates U.S. (81,617 ) Interest Rates Non-U.S. (193,025 ) Livestock (3,240 ) Metals (100,915 ) Softs (39,512 ) Total unrealized depreciation on open futures contracts (1,311,832 ) Net unrealized appreciation on open futures contracts $ 858,348 * Assets Forward Contracts Currencies $ 900,388 Metals 241,320 Total unrealized appreciation on open forward contracts 1,141,708 Liabilities Forward Contracts Currencies (822,999 ) Metals (263,970 ) Total unrealized depreciation on open forward contracts (1,086,969 ) Net unrealized appreciation on open forward contracts $ 54,739 ** * This amount is in “Net unrealized appreciation on open futures contracts” in the Statements of Financial Condition. ** This amount is in “Net unrealized appreciation on open forward contracts” in the Statements of Financial Condition.
Trading Gains and Losses by Market Sector on Derivative Instruments Traded	The following table indicates the trading gains and losses, by market sector, on derivative instruments traded by the Partnership for the three months ended March 31, 2022 and 2021, respectively. Three Months Ended March 31, Sector 2022 2021 Currencies $ 230,392 $ 237,955 Energy 4,082,202 4,805,562 Grains 1,704,941 885,086 Indices 475,537 3,253,130 Interest Rates U.S. 119,008 (2,958,126 ) Interest Rates Non-U.S. 2,112,906 (1,558,125 ) Livestock (37,125 ) 105,430 Metals 532,624 (311,410 ) Softs (153,591 ) (26,559 ) Total $ 9,066,894 *** $ 4,432,943 *** *** This amount is included in “Total trading results” in the Statements of Income and Expenses.

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	3 Months Ended
	Mar. 31, 2022
Fair Value Disclosures [Abstract]
Summary of Assets and Liabilities Measured at Fair Value	As of March 31, 2022 and December 31, 2021 and for the periods ended March 31, 2022 and 2021, the Partnership did not hold any derivative instruments that were priced at fair value using unobservable inputs through the application of the General Partner’s assumptions and internal valuation pricing models (Level 3). March 31, 2022 Total Level 1 Level 2 Level 3 Assets Futures $ 4,112,477 $ 4,112,477 $ - $ - Forwards 3,560,458 - 3,560,458 - Total Assets $ 7,672,935 $ 4,112,477 $ 3,560,458 $ - Liabilities Futures $ 2,102,664 $ 2,102,664 $ - $ - Forwards 2,578,748 - 2,578,748 - Total Liabilities $ 4,681,412 $ 2,102,664 $ 2,578,748 $ - December 31, 2021 Total Level 1 Level 2 Level 3 Assets Futures $ 2,170,180 $ 2,170,180 $ - $ - Forwards 1,141,708 - 1,141,708 - Total Assets $ 3,311,888 $ 2,170,180 $ 1,141,708 $ - Liabilities Futures $ 1,311,832 $ 1,311,832 $ - $ - Forwards 1,086,969 - 1,086,969 - Total Liabilities $ 2,398,801 $ 1,311,832 $ 1,086,969 $ -

Organization - Additional Infor

Organization - Additional Information (Detail) - $ / shares	Jan. 01, 2021	Nov. 01, 2020	Mar. 31, 2022	Mar. 31, 2021	Oct. 07, 2004	Dec. 04, 2003	Apr. 30, 2003
Subsidiary of Limited Liability Company or Limited Partnership [Line Items]
Number of redeemable units of limited partnership interest issued and sold during initial public offering							36,616
Redeemable Units per share							$ 1,000
Number of Redeemable Units authorized to be sold during initial public offering period					1,000,000	700,000	300,000
Maximum number of Redeemable Units sold by the Partnership			0
Monthly ongoing selling agent fee			0.75%
Percentage of General Partner fee			0.875%
Dcm Systematic Advisors S A Member [Member]
Subsidiary of Limited Liability Company or Limited Partnership [Line Items]
Maximum amount of partnership assets allocated to trading advisor			1.75
Class D Redeemable Units [Member]
Subsidiary of Limited Liability Company or Limited Partnership [Line Items]
Ongoing selling agent fee			0.75%
Class D Redeemable Units [Member] | Morgan Stanley Wealth Management [Member]
Subsidiary of Limited Liability Company or Limited Partnership [Line Items]
Ongoing selling agent fee			0.75%
Class D Redeemable Units [Member] | Harbor Investment Advisory L L C Member [Member] | Harbor Selling Agreement [Member]
Subsidiary of Limited Liability Company or Limited Partnership [Line Items]
Ongoing Placement Agent Fees Payable Annual Percentage			0.75%
Class A Redeemable Units [Member]
Subsidiary of Limited Liability Company or Limited Partnership [Line Items]
Ongoing selling agent fee			0.75%
Minimum [Member] | Millburn Ridgefield Corporation [Member]
Subsidiary of Limited Liability Company or Limited Partnership [Line Items]
Maximum amount of partnership assets allocated to trading advisor				1.5
Minimum [Member] | Episteme Capital Partners [Member]
Subsidiary of Limited Liability Company or Limited Partnership [Line Items]
Maximum amount of partnership assets allocated to trading advisor		2
Maximum [Member] | Millburn Ridgefield Corporation [Member]
Subsidiary of Limited Liability Company or Limited Partnership [Line Items]
Maximum amount of partnership assets allocated to trading advisor	2
Maximum [Member] | Episteme Capital Partners [Member]
Subsidiary of Limited Liability Company or Limited Partnership [Line Items]
Maximum amount of partnership assets allocated to trading advisor		2

Basis of Presentation and Sum_3

Basis of Presentation and Summary of Significant Accounting Policies - Additional Information (Detail) - USD ($)	3 Months Ended
	Mar. 31, 2022	Dec. 31, 2021	Mar. 31, 2021
Accounting Policies [Abstract]
Cash denominated in foreign currencies	$ (996,880)		$ 720,689
Cash denominated in foreign currencies, proceeds	995,869		$ 718,056
Restricted cash held for margin	12,519,651	$ 11,511,892
Uncertain tax position	$ 0
Open tax year	2018 2019 2020 2021

Financial Highlights - Schedule

Financial Highlights - Schedule of Changes in Net Asset Value (Detail) - $ / shares	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Class A Redeemable Units [Member]
Per Redeemable Unit Performance (for a unit outstanding throughout the year):
Net realized and unrealized gains (losses)	$ 113.98	$ 45.26
Net investment loss	(22.91)	(12.19)
Increase (decrease) for the period	91.07	33.07
Net asset value per Redeemable Unit, beginning of year	792.73	720.19
Net asset value per Redeemable Unit, end of year	883.80	753.26
Class D Redeemable Units [Member]
Per Redeemable Unit Performance (for a unit outstanding throughout the year):
Net realized and unrealized gains (losses)	142.57	56.65
Net investment loss	(28.59)	(15.27)
Increase (decrease) for the period	113.98	41.38
Net asset value per Redeemable Unit, beginning of year	992.10	901.32
Net asset value per Redeemable Unit, end of year	1,106.08	942.70
Class Z Redeemable Units [Member]
Per Redeemable Unit Performance (for a unit outstanding throughout the year):
Net realized and unrealized gains (losses)	147.35	58.01
Net investment loss	(27.71)	(13.86)
Increase (decrease) for the period	119.64	44.15
Net asset value per Redeemable Unit, beginning of year	1,022.54	921.96
Net asset value per Redeemable Unit, end of year	$ 1,142.18	$ 966.11

Financial Highlights - Ratios t

Financial Highlights - Ratios to Average Limited Partners' Capital (Detail)	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Class A Redeemable Units [Member]
Ratios to Average Limited Partners' Capital:
Net investment loss	(5.30%)	(4.50%)
Operating expenses	3.40%	3.70%
Incentive fees	2.00%	0.80%
Total expenses	5.40%	4.50%
Total return:
Total return before incentive fees	13.50%	5.40%
Incentive fees	(2.00%)	(0.80%)
Total return after incentive fees	11.50%	4.60%
Class D Redeemable Units [Member]
Ratios to Average Limited Partners' Capital:
Net investment loss	(5.20%)	(4.40%)
Operating expenses	3.40%	3.70%
Incentive fees	2.00%	0.80%
Total expenses	5.40%	4.50%
Total return:
Total return before incentive fees	13.50%	5.40%
Incentive fees	(2.00%)	(0.80%)
Total return after incentive fees	11.50%	4.60%
Class Z Redeemable Units [Member]
Ratios to Average Limited Partners' Capital:
Net investment loss	(4.50%)	(3.60%)
Operating expenses	2.60%	2.90%
Incentive fees	2.00%	0.80%
Total expenses	4.60%	3.70%
Total return:
Total return before incentive fees	13.80%	5.60%
Incentive fees	(2.10%)	(0.80%)
Total return after incentive fees	11.70%	4.80%

Trading Activities - Additional

Trading Activities - Additional Information (Detail)	3 Months Ended
	Mar. 31, 2022USD ($)Contract	Mar. 31, 2021USD ($)Contract
Futures Contracts [Member]
Trading Activity, Gains and Losses, Net [Line Items]
Average number of derivative contracts held	4,127	6,864
Forward Contracts [Member] | Metals [Member]
Trading Activity, Gains and Losses, Net [Line Items]
Average number of derivative contracts held	151	323
Forward Contracts [Member] | Currencies [Member]
Trading Activity, Gains and Losses, Net [Line Items]
Average notional value of derivative | $ | $	$ 249,437,160	$ 268,357,647

Trading Activities - Summary of

Trading Activities - Summary of Gross and Net Amounts Recognized Relating to Assets and Liabilities of Partnership's Derivatives (Detail) - USD ($)	Mar. 31, 2022	Dec. 31, 2021
Derivative [Line Items]
Gross Amounts Recognized, Assets	$ 7,672,935	$ 3,311,888
Gross Amounts Offset in the Statements of Financial Condition, Assets	(4,681,412)	(2,398,801)
Amounts Presented in the Statements of Financial Condition, Assets	2,991,523	913,087
Financial Instruments, Assets	0
Cash Collateral Received/Pledged, Assets	0
Net Amount, Assets	2,991,523	913,087
Gross Amounts Recognized, Liabilities	(4,681,412)	(2,398,801)
Gross Amounts Offset in the Statements of Financial Condition, Liabilities	4,681,412	2,398,801
Amounts Presented in the Statements of Financial Condition, Liabilities	0
Financial Instruments, Liabilities	0
Cash Collateral Received/Pledged, Liabilities	0
Net Amount, Liabilities	0
Net fair value	2,991,523	913,087
Futures Contracts [Member]
Derivative [Line Items]
Gross Amounts Recognized, Assets	4,112,477	2,170,180
Gross Amounts Offset in the Statements of Financial Condition, Assets	(2,102,664)	(1,311,832)
Amounts Presented in the Statements of Financial Condition, Assets	2,009,813	858,348
Financial Instruments, Assets	0
Cash Collateral Received/Pledged, Assets	0
Net Amount, Assets	2,009,813	858,348
Gross Amounts Recognized, Liabilities	(2,102,664)	(1,311,832)
Gross Amounts Offset in the Statements of Financial Condition, Liabilities	2,102,664	1,311,832
Amounts Presented in the Statements of Financial Condition, Liabilities	0
Financial Instruments, Liabilities	0
Cash Collateral Received/Pledged, Liabilities	0
Net Amount, Liabilities	0
Forward Contracts [Member]
Derivative [Line Items]
Gross Amounts Recognized, Assets	3,560,458	1,141,708
Gross Amounts Offset in the Statements of Financial Condition, Assets	(2,578,748)	(1,086,969)
Amounts Presented in the Statements of Financial Condition, Assets	981,710	54,739
Financial Instruments, Assets	0
Cash Collateral Received/Pledged, Assets	0
Net Amount, Assets	981,710	54,739
Gross Amounts Recognized, Liabilities	(2,578,748)	(1,086,969)
Gross Amounts Offset in the Statements of Financial Condition, Liabilities	2,578,748	$ 1,086,969
Amounts Presented in the Statements of Financial Condition, Liabilities	0
Financial Instruments, Liabilities	0
Cash Collateral Received/Pledged, Liabilities	0
Net Amount, Liabilities	$ 0

Trading Activities - Gross Fair

Trading Activities - Gross Fair Values of Derivative Instruments of Futures and Forward Contracts Traded (Detail) - USD ($)	Mar. 31, 2022	Dec. 31, 2021
Futures Contracts [Member]
Derivative [Line Items]
Total unrealized appreciation on open contracts	$ 4,112,477	$ 2,170,180
Total unrealized depreciation on open contracts	(2,102,664)	(1,311,832)
Net unrealized appreciation (depreciation) on open contracts	2,009,813	858,348
Futures Contracts [Member] | Currencies [Member]
Derivative [Line Items]
Total unrealized appreciation on open contracts	88,026	17,382
Total unrealized depreciation on open contracts	(36,937)	(212,947)
Futures Contracts [Member] | Energy [Member]
Derivative [Line Items]
Total unrealized appreciation on open contracts	727,670	525,149
Total unrealized depreciation on open contracts	(387,811)	(276,058)
Futures Contracts [Member] | Grains [Member]
Derivative [Line Items]
Total unrealized appreciation on open contracts	465,298	221,747
Total unrealized depreciation on open contracts	(336,529)	(225,919)
Futures Contracts [Member] | Indices [Member]
Derivative [Line Items]
Total unrealized appreciation on open contracts	381,687	405,197
Total unrealized depreciation on open contracts	(298,116)	(178,599)
Futures Contracts [Member] | Interest Rates U.S. [Member]
Derivative [Line Items]
Total unrealized appreciation on open contracts	672,703	39,562
Total unrealized depreciation on open contracts	(290,344)	(81,617)
Futures Contracts [Member] | Interest Rates Non-U.S. [Member]
Derivative [Line Items]
Total unrealized appreciation on open contracts	1,409,201	643,854
Total unrealized depreciation on open contracts	(553,084)	(193,025)
Futures Contracts [Member] | Livestock [Member]
Derivative [Line Items]
Total unrealized appreciation on open contracts	51,230	3,075
Total unrealized depreciation on open contracts	(23,215)	(3,240)
Futures Contracts [Member] | Metals [Member]
Derivative [Line Items]
Total unrealized appreciation on open contracts	143,831	194,765
Total unrealized depreciation on open contracts	(111,852)	(100,915)
Futures Contracts [Member] | Softs [Member]
Derivative [Line Items]
Total unrealized appreciation on open contracts	172,831	119,449
Total unrealized depreciation on open contracts	(64,776)	(39,512)
Forward Contracts [Member]
Derivative [Line Items]
Total unrealized appreciation on open contracts	3,560,458	1,141,708
Total unrealized depreciation on open contracts	(2,578,748)	(1,086,969)
Net unrealized appreciation (depreciation) on open contracts	981,710	54,739
Forward Contracts [Member] | Currencies [Member]
Derivative [Line Items]
Total unrealized appreciation on open contracts	2,878,930	900,388
Total unrealized depreciation on open contracts	(2,266,707)	(822,999)
Forward Contracts [Member] | Metals [Member]
Derivative [Line Items]
Total unrealized appreciation on open contracts	681,528	241,320
Total unrealized depreciation on open contracts	$ (312,041)	$ (263,970)

Trading Activities - Trading Ga

Trading Activities - Trading Gains and Losses by Market Sector on Derivative Instruments Traded (Detail) - USD ($)	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Derivative [Line Items]
Total trading results	$ 9,066,894	$ 4,432,943
Currencies [Member]
Derivative [Line Items]
Total trading results	230,392	237,955
Energy [Member]
Derivative [Line Items]
Total trading results	4,082,202	4,805,562
Grains [Member]
Derivative [Line Items]
Total trading results	1,704,941	885,086
Indices [Member]
Derivative [Line Items]
Total trading results	475,537	3,253,130
Interest Rates U.S. [Member]
Derivative [Line Items]
Total trading results	119,008	(2,958,126)
Interest Rates Non-U.S. [Member]
Derivative [Line Items]
Total trading results	2,112,906	(1,558,125)
Livestock [Member]
Derivative [Line Items]
Total trading results	(37,125)	105,430
Metals [Member]
Derivative [Line Items]
Total trading results	532,624	(311,410)
Softs [Member]
Derivative [Line Items]
Total trading results	$ (153,591)	$ (26,559)

Fair Value Measurements - Summa

Fair Value Measurements - Summary of Assets and Liabilities Measured at Fair Value (Detail) - USD ($)	Mar. 31, 2022	Dec. 31, 2021
Assets
Total assets	$ 7,672,935	$ 3,311,888
Liabilities
Total liabilities	4,681,412	2,398,801
Futures Contracts [Member]
Assets
Total assets	4,112,477	2,170,180
Liabilities
Total liabilities	2,102,664	1,311,832
Forward Contracts [Member]
Assets
Total assets	3,560,458	1,141,708
Liabilities
Total liabilities	2,578,748	1,086,969
Quoted Prices in Active Markets for Identical Assets and Liabilities (Level 1) [Member]
Assets
Total assets	4,112,477	2,170,180
Liabilities
Total liabilities	2,102,664	1,311,832
Quoted Prices in Active Markets for Identical Assets and Liabilities (Level 1) [Member] | Futures Contracts [Member]
Assets
Total assets	4,112,477	2,170,180
Liabilities
Total liabilities	2,102,664	1,311,832
Significant Other Observable Inputs (Level 2) [Member]
Assets
Total assets	3,560,458	1,141,708
Liabilities
Total liabilities	2,578,748	1,086,969
Significant Other Observable Inputs (Level 2) [Member] | Forward Contracts [Member]
Assets
Total assets	3,560,458	1,141,708
Liabilities
Total liabilities	$ 2,578,748	$ 1,086,969

Financial Instrument Risks - Ad

Financial Instrument Risks - Additional Information (Detail)	3 Months Ended
	Mar. 31, 2022
Concentration Risk [Line Items]
Financial instruments maturity period	1 year
Minimum [Member] | Credit Concentration Risk [Member] | Partnership's/Fund's Contracts [Member] | Over the Counter [Member]
Concentration Risk [Line Items]
Concentration risk percentage	24.60%
Maximum [Member] | Credit Concentration Risk [Member] | Partnership's/Fund's Contracts [Member] | Over the Counter [Member]
Concentration Risk [Line Items]
Concentration risk percentage	31.90%