Ceres Orion (OFFLP) 10-Q 9 Nov 23 2023 Q3 Quarterly report Financial data

Cover Page

Cover Page - shares	9 Months Ended
	Sep. 30, 2023	Oct. 31, 2023
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Sep. 30, 2023
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q3
Document Quarterly Report	true
Document Transition Report	false
Entity Registrant Name	CERES ORION L.P.
Entity Central Index Key	0001227265
Current Fiscal Year End Date	--12-31
Entity Current Reporting Status	Yes
Entity Filer Category	Non-accelerated Filer
Entity Interactive Data Current	Yes
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Address, State or Province	NY
Entity Incorporation, State or Country Code	NY
Entity Address, Address Line One	522 Fifth Avenue
Entity Address, City or Town	New York
Entity Address, Postal Zip Code	10036
City Area Code	855
Local Phone Number	672-4468
Entity Tax Identification Number	22-3644546
Entity Shell Company	false
Entity File Number	0-50271
Capital Unit, Class A [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		99,748.9208
Capital Unit Class Z [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		3,027.8882

Statements of Financial Conditi

Statements of Financial Condition - USD ($)		Sep. 30, 2023	Dec. 31, 2022
Assets:
Investment in the Funds, at fair value	[1]	$ 139,214,152	$ 133,277,060
Redemptions receivable from the Funds		271,603	1,922,587
Equity in trading account:
Unrestricted cash		195,963,400	209,145,471
Restricted cash		34,110,287	37,622,333
Foreign cash (cost $1,837,427 and $5,698,305 at September 30, 2023 and December 31, 2022, respectively)		1,739,713	5,747,177
Net unrealized appreciation on open contracts		719,586	2,045,322
Options purchased, at fair value (premiums paid $74,400 and $0 at September 30, 2023 and December 31, 2022, respectively)		79,050	0
Total equity in trading account		232,612,036	254,560,303
Interest receivable		872,674	701,528
Total assets		372,970,465	390,461,478
Liabilities:
Net unrealized depreciation on open forward contracts		200,275	0
Accrued expenses:
Ongoing selling agent fees		227,611	237,488
Management fees		271,529	278,003
General Partner fees		232,601	243,662
Incentive fees		0	3,199,117
Professional fees		381,206	364,387
Redemptions Payable To General Partner		0	500,000
Redemptions payable to Limited Partners		1,383,724	2,613,839
Total liabilities		2,696,946	7,436,496
Partners' Capital:
Total partners' capital (net asset value)		370,273,519	383,024,982
Total liabilities and partners' capital		372,970,465	390,461,478
Class Z Redeemable Units [Member]
Partners' Capital:
General Partner, Class Z, 2,738.3753 Redeemable Units outstanding at September 30, 2023 and December 31, 2022		4,130,199	4,119,374
Limited Partners		4,441,862	5,635,007
Total partners' capital (net asset value)		$ 8,572,061	$ 9,754,381
Net asset value per Redeemable Unit:
Net asset value per Redeemable Unit		$ 1,508.27	$ 1,504.31
Class A Redeemable Units [Member]
Partners' Capital:
Limited Partners		$ 361,701,458	$ 373,270,601
Total partners' capital (net asset value)		$ 361,701,458	$ 373,270,601
Net asset value per Redeemable Unit:
Net asset value per Redeemable Unit		$ 3,607.29	$ 3,618.2
Forward Contracts [Member]
Equity in trading account:
Net unrealized appreciation on open contracts		$ 0	$ 49,574
Liabilities:
Net unrealized depreciation on open forward contracts		200,275	0
Futures Contracts [Member]
Equity in trading account:
Net unrealized appreciation on open contracts		719,586	1,995,748
Liabilities:
Net unrealized depreciation on open forward contracts		$ 0	$ 0
[1]Defined in Note 1.

Statements of Financial Condi_2

Statements of Financial Condition (Parenthetical) - USD ($)	Sep. 30, 2023	Dec. 31, 2022
Options purchased, premiums paid	$ 74,400	$ 0
Foreign cash (cost $1,837,427 and $5,698,305 at September 30, 2023 and December 31, 2022, respectively)	$ 1,837,427	$ 5,698,305
Class Z Redeemable Units [Member]
General Partner Capital, Redeemable units outstanding	2,738.3753	2,738.3753
Limited Partners Capital, Redeemable units outstanding	2,945.0122	3,745.9022
Class A Redeemable Units [Member]
Limited Partners Capital, Redeemable units outstanding	100,269.4458	103,164.7728

Condensed Schedule of Investmen

Condensed Schedule of Investments		Sep. 30, 2023 USD ($) Contract Contracts		Dec. 31, 2022 USD ($) Contract Contracts
Schedule of Investments [Line Items]
Total investment in the Funds, Fair Value	[1]	$ 139,214,152		$ 133,277,060
% of Partners' Capital		37.60%		34.80%
Forward Contracts [Member]
Schedule of Investments [Line Items]
Unrealized Appreciation on Open Contracts		$ 313,452		$ 95,123
Unrealized Depreciation on Open Contracts		(513,727)		(45,549)
Net unrealized appreciation (depreciation) on open futures contracts		$ (200,275)	[2]	$ 49,574	[3]
% of Partners' Capital		(0.05%)		0.01%
Futures Contracts [Member]
Schedule of Investments [Line Items]
Unrealized Appreciation on Open Contracts		$ 19,905,104		$ 14,305,450
Unrealized Depreciation on Open Contracts		(19,185,518)		(12,309,702)
Net unrealized appreciation (depreciation) on open futures contracts	[4]	$ 719,586		$ 1,995,748
% of Partners' Capital		0.19%		0.52%
Options [Member]
Schedule of Investments [Line Items]
Unrealized Appreciation on Open Contracts	[5]	$ 79,050
Total Unrealized Appreciation on Open Contracts [Member] | Forward Contracts [Member]
Schedule of Investments [Line Items]
Unrealized Appreciation on Open Contracts		$ 313,452		$ 95,123
% of Partners' Capital		0.08%		0.02%
Total Unrealized Depreciation on Open Contracts [Member] | Forward Contracts [Member]
Schedule of Investments [Line Items]
Unrealized Depreciation on Open Contracts		$ (513,727)		$ (45,549)
% of Partners' Capital		(0.13%)		(0.01%)
CMF TT II, LLC [Member]
Schedule of Investments [Line Items]
Total investment in the Funds, Fair Value		$ 76,522,942		$ 71,102,465
% of Partners' Capital		20.67%		18.56%
CMF NL Master Fund LLC [Member]
Schedule of Investments [Line Items]
Total investment in the Funds, Fair Value		$ 30,327,667		$ 32,422,644
% of Partners' Capital		8.19%		8.47%
CMF Drakewood Master Fund LLC [Member]
Schedule of Investments [Line Items]
Total investment in the Funds, Fair Value		$ 32,363,543		$ 29,751,951
% of Partners' Capital		8.74%		7.77%
Currencies [Member] | Futures Contracts [Member]
Schedule of Investments [Line Items]
Unrealized Appreciation on Open Contracts		$ 1,350,362		$ 520,243
Unrealized Depreciation on Open Contracts		(587,490)		(889,630)
Energy [Member] | Futures Contracts [Member]
Schedule of Investments [Line Items]
Unrealized Appreciation on Open Contracts		4,807,452		7,120,018
Unrealized Depreciation on Open Contracts		(4,170,544)		(6,187,661)
Grains [Member] | Futures Contracts [Member]
Schedule of Investments [Line Items]
Unrealized Appreciation on Open Contracts		5,908,572		1,404,859
Unrealized Depreciation on Open Contracts		(7,847,130)		(829,637)
Indices [Member] | Futures Contracts [Member]
Schedule of Investments [Line Items]
Unrealized Appreciation on Open Contracts		1,040,817		1,038,083
Unrealized Depreciation on Open Contracts		(1,859,302)		(1,824,888)
Indices [Member] | Options [Member]
Schedule of Investments [Line Items]
Unrealized Appreciation on Open Contracts		79,050
Interest Rates U.S. [Member] | Futures Contracts [Member]
Schedule of Investments [Line Items]
Unrealized Appreciation on Open Contracts		1,551,558		92,626
Unrealized Depreciation on Open Contracts		(2,579)		(142,082)
Interest Rates Non-U.S. [Member] | Futures Contracts [Member]
Schedule of Investments [Line Items]
Unrealized Appreciation on Open Contracts		1,030,212		1,703,887
Unrealized Depreciation on Open Contracts		(472,932)		(825,395)
Livestock [Member] | Futures Contracts [Member]
Schedule of Investments [Line Items]
Unrealized Appreciation on Open Contracts		327,374		209,243
Unrealized Depreciation on Open Contracts		(229,361)		(61,735)
Metals [Member] | Forward Contracts [Member]
Schedule of Investments [Line Items]
Unrealized Appreciation on Open Contracts		313,452		95,123
Unrealized Depreciation on Open Contracts		(513,727)		(45,549)
Metals [Member] | Futures Contracts [Member]
Schedule of Investments [Line Items]
Unrealized Appreciation on Open Contracts		964,524		899,617
Unrealized Depreciation on Open Contracts		(1,204,332)		(258,302)
Metals [Member] | Total Unrealized Appreciation on Open Contracts [Member] | Forward Contracts [Member]
Schedule of Investments [Line Items]
Unrealized Appreciation on Open Contracts		$ 313,452		$ 95,123
% of Partners' Capital		0.08%		0.02%
Metals [Member] | Total Unrealized Depreciation on Open Contracts [Member] | Forward Contracts [Member]
Schedule of Investments [Line Items]
Unrealized Depreciation on Open Contracts		$ (513,727)		$ (45,549)
% of Partners' Capital		(0.13%)		(0.01%)
Metals [Member] | Net Unrealized Appreciation On Open Forward Contracts [Member] | Forward Contracts [Member]
Schedule of Investments [Line Items]
Unrealized Appreciation on Open Forward Contracts, Notional Amount		$ 113		$ 5
Metals [Member] | Net Unrealized Depreciation On Open Forward Contracts [Member] | Forward Contracts [Member]
Schedule of Investments [Line Items]
Unrealized Depreciation on Open Forward Contracts, Notional Amount		126		13
Softs [Member] | Futures Contracts [Member]
Schedule of Investments [Line Items]
Unrealized Appreciation on Open Contracts		2,924,233		1,316,874
Unrealized Depreciation on Open Contracts		(2,811,848)		(1,290,372)
Long [Member] | Futures Contracts [Member]
Schedule of Investments [Line Items]
Net unrealized appreciation (depreciation) on open futures contracts		$ (8,582,259)		$ 2,744,915
% of Partners' Capital		(2.32%)		0.72%
Long [Member] | Options [Member]
Schedule of Investments [Line Items]
Total investment in the Funds, Fair Value		$ 79,050
% of Partners' Capital		0.02%
Long [Member] | Currencies [Member] | Futures Contracts [Member]
Schedule of Investments [Line Items]
Number of Contracts | Contract		1,898		2,131
Net unrealized appreciation (depreciation) on open futures contracts		$ (295,924)		$ 199,196
% of Partners' Capital		(0.08%)		0.05%
Long [Member] | Energy [Member] | Futures Contracts [Member]
Schedule of Investments [Line Items]
Number of Contracts | Contracts		2,068		780
Net unrealized appreciation (depreciation) on open futures contracts		$ 1,113,562		$ 1,924,555
% of Partners' Capital		0.30%		0.50%
Long [Member] | Grains [Member] | Futures Contracts [Member]
Schedule of Investments [Line Items]
Number of Contracts | Contract		3,059		1,260
Net unrealized appreciation (depreciation) on open futures contracts		$ (7,700,577)		$ 1,108,877
% of Partners' Capital		(2.08%)		0.29%
Long [Member] | Indices [Member] | Futures Contracts [Member]
Schedule of Investments [Line Items]
Number of Contracts | Contract		1,229		1,377
Net unrealized appreciation (depreciation) on open futures contracts		$ (657,586)		$ (872,628)
% of Partners' Capital		(0.18%)		(0.23%)
Long [Member] | Indices [Member] | Options [Member] | Put Option [Member]
Schedule of Investments [Line Items]
Number of Contracts		33
Total investment in the Funds, Fair Value		$ 79,050
% of Partners' Capital		0.02%
Long [Member] | Interest Rates U.S. [Member] | Futures Contracts [Member]
Schedule of Investments [Line Items]
Number of Contracts | Contract		1,018		488
Net unrealized appreciation (depreciation) on open futures contracts		$ 209,821		$ (113,906)
% of Partners' Capital		0.05%		(0.03%)
Long [Member] | Interest Rates Non-U.S. [Member] | Futures Contracts [Member]
Schedule of Investments [Line Items]
Number of Contracts | Contract		77		416
Net unrealized appreciation (depreciation) on open futures contracts		$ (302,689)		$ (658,176)
% of Partners' Capital		(0.08%)		(0.17%)
Long [Member] | Livestock [Member] | Futures Contracts [Member]
Schedule of Investments [Line Items]
Number of Contracts | Contract		372		297
Net unrealized appreciation (depreciation) on open futures contracts		$ (45,337)		$ 170,938
% of Partners' Capital		(0.01%)		0.05%
Long [Member] | Metals [Member] | Futures Contracts [Member]
Schedule of Investments [Line Items]
Number of Contracts | Contract		1,594		716
Net unrealized appreciation (depreciation) on open futures contracts		$ (190,402)		$ 661,615
% of Partners' Capital		(0.05%)		0.17%
Long [Member] | Softs [Member] | Futures Contracts [Member]
Schedule of Investments [Line Items]
Number of Contracts | Contract		2,264		2,237
Net unrealized appreciation (depreciation) on open futures contracts		$ (713,127)		$ 324,444
% of Partners' Capital		(0.19%)		0.09%
Short [Member] | Futures Contracts [Member]
Schedule of Investments [Line Items]
Net unrealized appreciation (depreciation) on open futures contracts		$ 9,301,845		$ (749,167)
% of Partners' Capital		2.51%		(0.20%)
Short [Member] | Currencies [Member] | Futures Contracts [Member]
Schedule of Investments [Line Items]
Number of Contracts | Contract		1,341		673
Net unrealized appreciation (depreciation) on open futures contracts		$ 1,058,796		$ (568,583)
% of Partners' Capital		0.28%		(0.15%)
Short [Member] | Energy [Member] | Futures Contracts [Member]
Schedule of Investments [Line Items]
Number of Contracts | Contract		1,452		1,386
Net unrealized appreciation (depreciation) on open futures contracts		$ (476,654)		$ (992,198)
% of Partners' Capital		(0.13%)		(0.26%)
Short [Member] | Grains [Member] | Futures Contracts [Member]
Schedule of Investments [Line Items]
Number of Contracts | Contract		2,802		580
Net unrealized appreciation (depreciation) on open futures contracts		$ 5,762,019		$ (533,655)
% of Partners' Capital		1.56%		(0.14%)
Short [Member] | Indices [Member] | Futures Contracts [Member]
Schedule of Investments [Line Items]
Number of Contracts | Contract		1,369		672
Net unrealized appreciation (depreciation) on open futures contracts		$ (160,899)		$ 85,823
% of Partners' Capital		(0.04%)		0.02%
Short [Member] | Interest Rates U.S. [Member] | Futures Contracts [Member]
Schedule of Investments [Line Items]
Number of Contracts | Contract		894		240
Net unrealized appreciation (depreciation) on open futures contracts		$ 1,339,158		$ 64,450
% of Partners' Capital		0.36%		0.02%
Short [Member] | Interest Rates Non-U.S. [Member] | Futures Contracts [Member]
Schedule of Investments [Line Items]
Number of Contracts | Contract		1,924		1,613
Net unrealized appreciation (depreciation) on open futures contracts		$ 859,969		$ 1,536,668
% of Partners' Capital		0.23%		0.40%
Short [Member] | Livestock [Member] | Futures Contracts [Member]
Schedule of Investments [Line Items]
Number of Contracts | Contract		222		76
Net unrealized appreciation (depreciation) on open futures contracts		$ 143,350		$ (23,430)
% of Partners' Capital		0.04%		(0.01%)
Short [Member] | Metals [Member] | Futures Contracts [Member]
Schedule of Investments [Line Items]
Number of Contracts | Contract		924		234
Net unrealized appreciation (depreciation) on open futures contracts		$ (49,406)		$ (20,300)
% of Partners' Capital		(0.01%)		0%	[6]
Short [Member] | Softs [Member] | Futures Contracts [Member]
Schedule of Investments [Line Items]
Number of Contracts | Contract		1,639		1,386
Net unrealized appreciation (depreciation) on open futures contracts		$ 825,512		$ (297,942)
% of Partners' Capital		0.22%		(0.08%)
[1]Defined in Note 1.[2]This amount is in “Net unrealized depreciation on open forward contracts” in the Statements of Financial Condition.[3]This amount is in “Net unrealized appreciation on open forward contracts” in the Statements of Financial Condition.[4]This amount is in “Net unrealized appreciation on open futures contracts” in the Statements of Financial Condition.[5]This amount is in “Options purchased, at fair value” in the Statements of Financial Condition.[6]Due to rounding.

Condensed Schedule of Investm_2

Condensed Schedule of Investments (Parenthetical) - USD ($)	Sep. 30, 2023	Dec. 31, 2022
Schedule of Investments [Line Items]
Options purchased, premiums paid	$ 74,400	$ 0

Statements of Income and Expens

Statements of Income and Expenses - USD ($)		3 Months Ended		9 Months Ended
		Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Investment Income:
Interest income		$ 2,663,209	$ 1,197,922	$ 7,389,776	$ 1,574,873
Interest income allocated from the Funds		1,355,858	524,789	3,587,702	665,147
Total investment income		4,019,067	1,722,711	10,977,478	2,240,020
Expenses:
Expenses allocated from the Funds		357,926	736,544	1,518,800	4,782,294
Clearing fees related to direct investments		608,699	321,692	1,877,361	1,342,260
Ongoing selling agent fees		684,717	777,225	2,107,820	2,262,096
Management fees		826,146	939,482	2,559,607	2,491,141
General Partner fees		699,603	795,286	2,156,214	2,311,854
Incentive fees		0	3,583,367	172,212	12,731,743
Professional fees		207,339	247,377	632,253	724,057
Total expenses		3,384,430	7,400,973	11,024,267	26,645,445
Net investment income (loss)		634,637	(5,678,262)	(46,789)	(24,405,425)
Net gains (losses) on trading of commodity interests and investment in the Funds:
Net realized gains (losses) on closed contracts		(1,719,513)	6,927,338	(3,785,696)	(17,939,308)
Net realized gains (losses) on closed contracts allocated from the Funds		3,238,048	(7,585,397)	1,518,991	19,087,552
Net change in unrealized gains (losses) on open contracts		(3,705,862)	12,659,652	(1,667,947)	81,225,936
Net change in unrealized gains (losses) on open contracts allocated from the Funds		(4,993,904)	11,893,236	2,942,210	15,181,537
Total trading results		(7,181,231)	23,894,829	(992,442)	97,555,717
Net income (loss)		(6,546,594)	18,216,567	(1,039,231)	73,150,292
Class A Redeemable Units [Member]
Net gains (losses) on trading of commodity interests and investment in the Funds:
Net income (loss)		$ (6,414,071)	$ 17,732,206	$ (1,053,107)	$ 71,441,277
Net income (loss) per Redeemable Unit	[1]	$ (62.67)	$ 164.6	$ (10.91)	$ 656.03
Weighted average Redeemable Units outstanding		101,297.7308	108,191.8841	103,118.2791	108,974.5937
Class Z Redeemable Units [Member]
Net gains (losses) on trading of commodity interests and investment in the Funds:
Net income (loss)		$ (132,523)	$ 484,361	$ 13,876	$ 1,709,015
Net income (loss) per Redeemable Unit	[1]	$ (23.31)	$ 71.24	$ 3.96	$ 279.83
Weighted average Redeemable Units outstanding		5,683.3875	6,482.3258	6,093.3817	6,215.8503
[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	Limited Partners [Member]	Class A Redeemable Units [Member]	Class A Redeemable Units [Member] Limited Partners [Member]	Class Z Redeemable Units [Member]	Class Z Redeemable Units [Member] Limited Partners [Member]
Partners' Capital, beginning of period at Dec. 31, 2021	$ 361,858,030		$ 353,170,511		$ 8,687,519
Subscriptions		$ 15,262,264		$ 13,397,264		$ 1,865,000
Redemptions		$ (29,194,721)		$ (27,784,958)		$ (1,409,763)
Net income (loss)	73,150,292		71,441,277		1,709,015
Partners' Capital, end of period at Sep. 30, 2022	$ 421,075,865		$ 410,224,094		$ 10,851,771
Partners' Capital, beginning of period at Dec. 31, 2021	116,253.0303		109,712.3338		6,540.6965
Subscriptions - Redemptions Units		4,989.466		3,750.45		1,239.016
Redemptions - Redeemable Units		(8,632.406)		(7,601.05)		(1,031.356)
Partners' Capital, end of period at Sep. 30, 2022	112,610.0903		105,861.7338		6,748.3565
Partners' Capital, beginning of period at Jun. 30, 2022	$ 410,551,097		$ 401,048,687		$ 9,502,410
Subscriptions		$ 3,927,300		$ 3,062,300		$ 865,000
Redemptions		$ (11,619,099)		$ (11,619,099)		$ 0
Net income (loss)	18,216,567		17,732,206		484,361
Partners' Capital, end of period at Sep. 30, 2022	$ 421,075,865		$ 410,224,094		$ 10,851,771
Partners' Capital, beginning of period at Jun. 30, 2022	114,268.1383		108,084.9748		6,183.1635
Subscriptions - Redemptions Units		1,392.177		826.984		565.193
Redemptions - Redeemable Units		(3,050.225)		(3,050.225)		0
Partners' Capital, end of period at Sep. 30, 2022	112,610.0903		105,861.7338		6,748.3565
Partners' Capital, beginning of period at Dec. 31, 2022	$ 383,024,982		$ 373,270,601		$ 9,754,381
Subscriptions		$ 10,841,279		$ 10,471,279		$ 370,000
Redemptions		$ (22,553,511)		$ (20,987,315)		$ (1,566,196)
Net income (loss)	(1,039,231)		(1,053,107)		13,876
Partners' Capital, end of period at Sep. 30, 2023	$ 370,273,519		$ 361,701,458		$ 8,572,061
Partners' Capital, beginning of period at Dec. 31, 2022	109,649.0503		103,164.7728		6,484.2775
Subscriptions - Redemptions Units		3,136.078		2,889.577		246.501
Redemptions - Redeemable Units		(6,832.295)		(5,784.904)		(1,047.391)
Partners' Capital, end of period at Sep. 30, 2023	105,952.8333		100,269.4458		5,683.3875
Partners' Capital, beginning of period at Jun. 30, 2023	$ 382,610,766		$ 373,906,182		$ 8,704,584
Subscriptions		$ 554,000		$ 554,000		$ 0
Redemptions		$ (6,344,653)		$ (6,344,653)		$ 0
Net income (loss)	(6,546,594)		(6,414,071)		(132,523)
Partners' Capital, end of period at Sep. 30, 2023	$ 370,273,519		$ 361,701,458		$ 8,572,061
Partners' Capital, beginning of period at Jun. 30, 2023	107,566.3833		101,882.9958		5,683.3875
Subscriptions - Redemptions Units		155.7		155.7		0
Redemptions - Redeemable Units		(1,769.25)		(1,769.25)		0
Partners' Capital, end of period at Sep. 30, 2023	105,952.8333		100,269.4458		5,683.3875

Organization

Organization	9 Months Ended
	Sep. 30, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization	1. Organization: Ceres Orion L.P. (the “Partnership”) is a limited partnership organized on March 22, 1999, under the partnership laws of the State of New York, 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, livestock, indices, United States (“U.S.”) and non-U.S. Ceres Managed Futures LLC, a Delaware limited liability company, acts as the general partner (the “General Partner”) and commodity pool operator of the Partnership and is the trading manager (the “Trading Manager”) of Transtrend Master (as defined below), NL Master (as defined below) and Drakewood Master (as defined below). The General Partner is a wholly-owned subsidiary of Morgan Stanley Capital Management LLC (“MSCM”). MSCM 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. As of September 30, 2023, all trading decisions were made for the Partnership by Transtrend B.V. (“Transtrend”), John Street Capital Limited (“JSCL”), Northlander Commodity Advisors LLP (“Northlander”), Quantica Capital AG (“Quantica”), Breakout Funds LLC (“Breakout”) and Drakewood Capital Management Limited (“Drakewood”) (each an “Advisor” and, collectively, the “Advisors”), each of which is a registered commodity trading advisor. Effective October 31, 2022, Pan Capital Management L.P. (“Pan”) ceased to act as a commodity trading advisor to the Partnership. Effective January 31, 2022, Greenwave Capital Management LLC (“Greenwave”) ceased to act as a commodity trading advisor to the Partnership. References herein to the “Advisors” may include, as relevant, Greenwave. Each Advisor is allocated a portion of the Partnership’s assets to manage. The Partnership invests the portion of its assets allocated to each of the Advisors either directly, through a managed account in the Partnership’s name, or indirectly, through its investment in the Funds. In addition, the General Partner may allocate the Partnership’s assets to additional non-major Effective July 1, 2021, Breakout directly trades a portion of the Partnership’s assets allocated to it through a managed account in the name of the Partnership pursuant to an enhanced version of Breakout’s Propeller Program. The General Partner and Breakout have agreed that Breakout will trade the Partnership’s assets allocated to Breakout at 2 times the amount of the assets allocated. The amount of leverage may be increased or decreased in the future, subject to certain restrictions. Effective October 1, 2020, Quantica directly trades the Partnership’s assets allocated to it through a managed account in the name of the Partnership pursuant to the Quantica Managed Futures Program. The General Partner and Quantica have agreed that Quantica will trade the Partnership’s assets allocated to Quantica at 1.75 times the amount of the assets allocated. The amount of leverage may be increased or decreased in the future. Prior to its termination effective October 31, 2022, Pan directly traded the Partnership’s assets allocated to it through a managed account in the name of the Partnership pursuant to Pan’s Energy Trading Program. JSCL directly trades the Partnership’s assets allocated to it through a managed account in the name of the Partnership pursuant to the Systematic Strategy Program. The General Partner and JSCL have agreed that JSCL will trade the Partnership’s assets allocated to it at a level that is up to 2 times the amount of assets allocated to it; provided that if the assets allocated to JSCL are $80 million or less, JSCL will trade the Partnership’s assets allocated to it at the level that is up to 1.5 times the amount of assets allocated to it. The amount of leverage may be increased or decreased in the future. Prior to its termination effective January 31, 2022, Greenwave directly traded the Partnership’s assets allocated to it through a managed account in the name of the Partnership pursuant to an enhanced version of Greenwave’s Flagship Plus 2X Program. The General Partner and Greenwave had agreed that Greenwave would trade the Partnership’s assets allocated to Greenwave at a level that was up to 2 times the amount of the assets allocated. On June 1, 2011, the Partnership began offering “Class A” Redeemable Units and “Class Z” Redeemable Units pursuant to the offering memorandum. All Redeemable Units issued prior to June 1, 2011 were deemed Class A Redeemable Units. The rights, powers, duties and obligations 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. Redeemable Units were first issued on August 1, 2011. Class Z Redeemable Units are offered to limited partners who receive advisory services from Morgan Stanley Smith Barney LLC (doing business as Morgan Stanley Wealth Management) (“Morgan Stanley Wealth Management”) and certain employees of Morgan Stanley and/or its subsidiaries (and their family members). Class A Redeemable Units and Class Z Redeemable Units will each be referred to as a “Class” and collectively referred to as the “Classes.” The Class of Redeemable Units that a limited partner receives upon a subscription will generally depend upon the status of the limited partner, although the General Partner may determine to offer a particular Class of Redeemable Units to investors at its discretion. During the reporting periods ended September 30, 2023 and 2022, the Partnership’s/Funds’ commodity broker was Morgan Stanley & Co. LLC (“MS&Co.”), a registered futures commission merchant. JPMorgan Chase Bank, N.A. (“JPMorgan”) was also a foreign exchange forward contract counterparty for certain Funds. The Partnership and CMF TT II, LLC (“Transtrend Master”) have entered into futures brokerage account agreements and foreign exchange brokerage account agreements with MS&Co. CMF NL Master Fund LLC (“NL Master”) and CMF Drakewood Master Fund LLC (“Drakewood Master”) have entered into futures brokerage account agreements with MS&Co. Transtrend Master, NL Master and Drakewood Master are collectively referred to as the “Funds.” Transtrend Master entered into certain agreements with JPMorgan in connection with trading in forward foreign currency contracts on behalf of Transtrend Master and indirectly, the Partnership. These agreements include a foreign exchange and bullion authorization agreement (“FX Agreement”), an International Swap Dealers Association, Inc. master agreement (“Master Agreement”), a schedule to the Master Agreement, a 2016 credit support annex for variation margin to the schedule and an institutional account agreement. Under the FX Agreement, JPMorgan charges a fee on the aggregate foreign currency transactions entered into on behalf of Transtrend Master during a month. The Partnership has entered into a selling agent agreement with Morgan Stanley Wealth Management (as amended, the “Selling Agreement”). Pursuant to the Selling Agreement, the Partnership pays Morgan Stanley Wealth Management a monthly ongoing selling agent fee at a flat annual rate equal to 0.75% per year of the adjusted net assets of Class A Redeemable Units (computed monthly by multiplying the adjusted net assets of the Class A Redeemable Units by 0.75% and dividing the result thereof by 12). Class Z Redeemable Units are not subject to an ongoing selling agent fee. The Partnership may pay an ongoing selling agent fee to other properly licensed and/or registered selling agents who sell Class A Redeemable Units, and such additional selling agents may share all or a substantial portion of such fees with their properly registered or exempted financial advisors who have sold Class A Redeemable Units. 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 The General Partner fee, management fees, incentive fees and professional fees of the Partnership are allocated proportionally to each Class based on the net asset value of the Class. Effective January 1, 2021, the incentive fee payable to Transtrend by Transtrend Master was reduced from 20% to 16% of New Trading Profits (as defined in the management agreement among Transtrend Master, the Trading Manager and Transtrend), accrued monthly, but payable semi-annually. 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	9 Months Ended
	Sep. 30, 2023
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 September 30, 2023 and the results of its operations and changes in partners’ capital for the three and nine months ended September 30, 2023 and 2022. These financial statements present the results of 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. preparation Profit Allocation. Statement of Cash Flows. “Statement of Cash Flows.” Partnership’s Investment in the Funds. Partnership’s/Funds’ Derivative Investments. first-in, first-out The Partnership and the Funds do not isolate the portion of the results of operations arising from the effect of changes in foreign exchange rates on investments from fluctuations due to changes in market prices of investments held. Such fluctuations are included in total trading results in the Partnership’s/Funds’ Statements of Income and Expenses. Partnership’s Cash. Income Taxes Income Taxes recognition threshold and measurement attribute for financial statement recognition and measurement of tax positions taken or expected to be taken in the course of preparing the Partnership’s tax returns to determine whether the tax positions are “more-likely-than-not” more-likely-than-not The 2019 through 2022 authorities Investment Company Status. 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

Financial Highlights

Financial Highlights	9 Months Ended
	Sep. 30, 2023
Investment Company [Abstract]
Financial Highlights	3. Financial Highlights: Financial highlights for the limited partner Classes as a whole for the three and nine months ended September 30, 2023 and 2022 were as follows: Three Months Ended    September 30, 2023    Three Months Ended    September 30, 2022    Nine Months Ended    September 30, 2023    Nine Months Ended    September 30, 2022    Class A Class Z Class A Class Z Class A Class Z Class A Class Z Per Redeemable Unit Performance (for a Net realized and unrealized gains (losses)  $ (68.64)  $ (28.62)  $ 215.96  $ 90.02  $ (9.98)  $ (4.02)  $ 875.39  $ 360.45 Net investment income (loss) 5.97 5.31 (51.36) (18.78) (0.93) 7.98 (219.36) (80.62)  Increase (decrease) for the period (62.67) (23.31) 164.60 71.24 (10.91) 3.96 656.03 279.83 Net asset value per Redeemable Unit, beginning of period 3,669.96 1,531.58 3,710.49 1,536.82 3,618.20 1,504.31 3,219.06 1,328.23   Net asset value per Redeemable Unit, end  $ 3,607.29  $ 1,508.27  $ 3,875.09  $ 1,608.06  $ 3,607.29  $ 1,508.27  $ 3,875.09  $ 1,608.06 Three Months Ended   September 30, 2023   Three Months Ended   September 30, 2022   Nine Months Ended   September 30, 2023   Nine Months Ended   September 30, 2022    Class A   Class Z   Class A   Class Z   Class A   Class Z   Class A   Class Z  Ratios to Average Limited Partners’ Net investment income (loss)*** 0.7 % 1.4 % (2.7) % (1.9) % 0.0 % 0.7 % (6.8) % (5.9) Operating expenses 3.6 % 2.9 % 3.3 % 2.6 % 3.7 % 3.0 % 3.4 % 2.7 Incentive fees - % - % 1.0 % 1.0 % 0.2 % 0.2 % 4.1 % 4.0 Total expenses 3.6 % 2.9 % 4.3 % 3.6 % 3.9 % 3.2 % 7.5 % 6.7 Total return: Total return before incentive fees (1.7) % (1.5) % 5.4 % 5.7 % (0.2) % 0.4 % 25.0 % 25.5 Incentive fees - % - % (1.0) % (1.1) % (0.1) % (0.1) % (4.6) % (4.4) Total return after incentive fees (1.7) % (1.5) % 4.4 % 4.6 % (0.3) % 0.3 % 20.4 % 21.1  % * Net investment income (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 Classes using the limited partners’ share of income, expenses and average partners’ capital of the Partnership and include the income and expenses allocated from the Funds.

Trading Activities

Trading Activities	9 Months Ended
	Sep. 30, 2023
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 Partnership’s Statements of Income and Expenses. The Partnership also invests certain of its assets through a “master/feeder” structure. The Partnership’s pro-rata The foreign exchange brokerage account agreements and/or futures brokerage account agreements with MS&Co. or JPMorgan, as applicable, give the Partnership and the Funds, respectively, the legal right to net unrealized gains and losses on open futures and forward contracts in their respective Statements of Financial Condition. The Partnership and the Funds net, for financial reporting purposes, the unrealized gains and losses on open futures and forward contracts in their respective Statements of Financial Condition, as the criteria under ASC 210-20, Balance Sheet All of the commodity interests owned directly by the Partnership are held for trading purposes. All of the commodity interests owned by the Funds are held for trading purposes. The monthly average number of futures contracts traded directly by the Partnership during the three months ended September 30, 2023 and 2022 was 27,384 41,247 26,045 43,693 186 102 21 5,762 Trading and transaction fees are based on the number of trades executed by the Advisors and the Partnership’s percentage ownership of each respective Fund. All clearing fees paid to MS&Co. for direct trading are borne by the Partnership. In addition, clearing fees are borne by the Funds and are allocated to the Funds’ members, including the Partnership. 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 September 30, 2023 and December 31, 2022, respectively. Gross Amounts Gross Amounts Offset in the Statements of Amounts Presented in the Statements of Gross Amounts Not Offset in the  Net Amount  September 30, 2023  Financial Cash Collateral Assets Futures  $ 19,905,104  $ (19,185,518)  $ 719,586  $ -   $ -   $ 719,586 Forwards 313,452 (313,452) -  -  -  -  Total assets  $ 20,218,556  $ (19,498,970)  $ 719,586  $ -   $ -   $ 719,586 Liabilities Futures  $ (19,185,518)  $ 19,185,518  $ -   $ -   $ -   $ -  Forwards (513,727) 313,452 (200,275) -  200,275 -  Total liabilities  $ (19,699,245)  $ 19,498,970  $ (200,275)  $ -   $ 200,275  $ -  Net fair value  $ 719,586 * Gross Amounts Gross Amounts Statements of Amounts Statements of Gross Amounts Not Offset in the  Net Amount  December 31, 2022  Financial Cash Collateral Assets Futures  $ 14,305,450  $ (12,309,702)  $ 1,995,748  $ -   $ -   $ 1,995,748 Forwards 95,123 (45,549) 49,574 -  -  49,574 Total assets  $ 14,400,573  $ (12,355,251)  $ 2,045,322  $ -   $ -   $ 2,045,322 Liabilities Futures  $ (12,309,702)  $ 12,309,702  $ -   $ -   $ -   $ -  Forwards (45,549) 45,549 -  -  -  -  Total liabilities  $ (12,355,251)  $ 12,355,251  $ -   $ -   $ -   $ -  Net fair value  $ 2,045,322 * * In the event of default by the Partnership, MS&Co., the Partnership’s commodity non-exchange-traded The following tables indicate the gross fair values of derivative instruments of futures, forward and option contracts, as applicable, held directly by the Partnership as separate assets and liabilities as of September 30, 2023 and December 31, 2022, respectively.  September 30, 2023  Assets Futures Contracts Currencies  $ 1,350,362  Energy 4,807,452  Grains 5,908,572  Indices 1,040,817  Interest Rates U.S. 1,551,558  Interest Rates Non-U.S. 1,030,212  Livestock 327,374  Metals 964,524  Softs 2,924,233  Total unrealized appreciation on open futures contracts 19,905,104  Liabilities Futures Contracts Currencies (587,490) Energy (4,170,544) Grains (7,847,130) Indices (1,859,302) Interest Rates U.S. (2,579) Interest Rates Non-U.S. (472,932) Livestock (229,361) Metals (1,204,332) Softs (2,811,848) Total unrealized depreciation on open futures contracts (19,185,518) Net unrealized appreciation on open futures contracts  $ 719,586   * Assets Forward Contracts Metals  $ 313,452  Total unrealized appreciation on open forward contracts 313,452  Liabilities Forward Contracts Metals  $ (513,727) Total unrealized depreciation on open forward contracts (513,727) Net unrealized depreciation on open forward contracts  $ (200,275)  ** Assets Options Purchased Indices  $ 79,050  Total options purchased  $ 79,050   *** * This amount is in “Net unrealized appreciation on open futures contracts” in the Statements of Financial Condition. ** This amount is in “Net unrealized depreciation on open forward contracts” in the Statements of Financial Condition. *** This amount is in “Options purchased, at fair value” in the Statements of Financial Condition.  December 31, 2022  Assets Futures Contracts Currencies  $ 520,243  Energy 7,120,018  Grains 1,404,859  Indices 1,038,083  Interest Rates U.S. 92,626  Interest Rates Non-U.S. 1,703,887  Livestock 209,243  Metals 899,617  Softs 1,316,874  Total unrealized appreciation on open futures contracts 14,305,450  Liabilities Futures Contracts Currencies (889,630) Energy (6,187,661) Grains (829,637) Indices (1,824,888) Interest Rates U.S. (142,082) Interest Rates Non-U.S. (825,395) Livestock (61,735) Metals (258,302) Softs (1,290,372) Total unrealized depreciation on open futures contracts (12,309,702) Net unrealized appreciation on open futures contracts  $ 1,995,748   * Assets Forward Contracts Metals  $ 95,123  Total unrealized appreciation on open forward contracts 95,123  Liabilities Forward Contracts Metals  $ (45,549) Total unrealized depreciation on open forward contracts (45,549) Net unrealized appreciation on open forward contracts  $ 49,574   ** * 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 directly by the Partnership for the three and nine months ended September 30, 2023 and 2022, respectively.  Three Months Ended September 30,    Nine Months Ended September 30,   Sector 2023 2022 2023 2022 Currencies  $ 26,096   $ 6,568,561   $ 6,692,502   $ 11,672,095  Energy (86,282) 8,090,798  (437,564) 34,259,657  Grains (1,504,537) (743,871) (6,695,350) (400,283) Indices (4,730,258) 3,224,610  7,966,485  18,397,665  Interest Rates U.S. 2,599,932  1,717,639  (3,779,473) 3,502,275  Interest Rates Non-U.S. (300,924) 2,351,618  (6,575,899) 6,547,741  Livestock 285,646  (316,941) 1,568,355  (1,620,632) Metals (3,102,898) (520,348) (7,600,946) (6,880,661) Softs 1,387,850  (785,076) 3,408,247  (2,191,229) Total  $  (5,425,375)  ****  $  19,586,990   ****  $  (5,453,643)  ****  $  63,286,628   **** **** This amount is included in “Total trading results” in the Statements of Income and Expenses.

Fair Value Measurements

Fair Value Measurements	9 Months Ended
	Sep. 30, 2023
Fair Value Disclosures [Abstract]
Fair Value Measurements	5. Fair Value Measurements: Partnership’s and the Funds’ 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 and the Funds consider 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    Total      Level 1     Level 2     Level 3   Assets Futures  $ 19,905,104  $ 19,381,968  $ 523,136  $ -  Forwards 313,452 -  313,452 -  Options purchased 79,050 79,050 -  -  Total assets  $ 20,297,606  $ 19,461,018  $ 836,588  $ -  Liabilities Futures  $ 19,185,518  $ 18,569,408  $ 616,110  $ -  Forwards 513,727 -  513,727 -  Total liabilities  $ 19,699,245  $ 18,569,408  $ 1,129,837  $ -     Total      Level 1     Level 2     Level 3   Assets Futures  $ 14,305,450  $ 13,564,310  $ 741,140  $ -  Forwards 95,123 -  95,123 -  Total assets  $ 14,400,573  $ 13,564,310  $ 836,263  $ -  Liabilities Futures  $ 12,309,702  $ 11,708,457  $ 601,245  $ -  Forwards 45,549 -  45,549 -  Total liabilities  $ 12,355,251  $ 11,708,457  $ 646,794  $ -  The Investment in the Funds measured using the net asset value per share practical expedient is not required to be included in the fair value hierarchy. Please refer to the Condensed Schedules of Investments as of September 30, 2023 and December 31, 2022, respectively.

Investment in the Funds

Investment in the Funds	9 Months Ended
	Sep. 30, 2023
Schedule of Investments [Abstract]
Investment in the Funds	6. Investment in the Funds: On June 1, 2011, the Partnership allocated a portion of its assets to Transtrend Master, a limited liability company organized under the limited liability company laws of the State of Delaware. Transtrend Master permits accounts managed by Transtrend using the Diversified Trend Program-Enhanced Risk Profile (US Dollar), a proprietary, systematic trading system, to invest together in one trading vehicle. Transtrend generally trades its Enhanced Risk Profile (US Dollar) using 1.5 times the leverage employed by the Standard Risk Profile. The General Partner is also the Trading Manager of Transtrend Master. Individual and pooled accounts managed by Transtrend, including the Partnership, are permitted to be members of Transtrend Master. The Trading Manager and Transtrend believe that trading through this structure promotes efficiency and economy in the trading process. On April 1, 2019, the assets allocated to Northlander for trading were invested in NL Master, a limited liability company organized under the limited liability company laws of the State of Delaware. NL Master permits accounts managed by Northlander using the Northlander Commodity Program, a proprietary, discretionary trading system, to invest together in one trading vehicle. The General Partner is also the Trading Manager of NL Master. Individual and pooled accounts currently managed by Northlander, including the Partnership, are permitted to be members of NL Master. The Trading Manager and Northlander believe that trading through this structure promotes efficiency and economy in the trading process. On May 1, 2022, the Partnership allocated a portion of its assets to Drakewood Master, a limited liability company organized under the limited liability company laws of the State of Delaware. Drakewood Master permits accounts managed by Drakewood using the Drakewood Prospect Fund Strategy, a proprietary, discretionary trading system, to invest together in one trading vehicle. The General Partner is also the Trading Manager of Drakewood Master. Individual and pooled accounts managed by Drakewood, including the Partnership, are permitted to be members of Drakewood Master. The Trading Manager and Drakewood believe that trading through this structure promotes efficiency and economy in the trading process. The General Partner is not aware of any material changes to any of the trading programs discussed above or in Note 1, “Organization” during the fiscal quarter ended September 30, 2023. The Funds’ and the Partnership’s trading of futures, forward, swap and option contracts, if applicable, on commodities is done primarily on U.S. and foreign commodity exchanges. The Funds and the Partnership engage in such trading through commodity brokerage accounts maintained with MS&Co. Generally, a member in the Funds withdraws all or part of its capital contribution and undistributed profits, if any, from the Funds as of the end of any month (the “Redemption Date”) after a request has been made to the Trading Manager at least three days in advance of the Redemption Date. Such withdrawals are classified as a liability when the member elects to redeem and informs the Funds. However, a member may request a withdrawal as of the end of any day if such request is received by the Trading Manager at least three days in advance of the proposed withdrawal day. Management fees, ongoing selling agent fees, the General Partner fee and incentive fees are charged at the Partnership level, except for management and incentive fees payable to Transtrend, which are charged at the Transtrend Master level. Clearing fees are borne by the Funds and allocated to the Funds’ members, including the Partnership. Clearing fees are also borne by the Partnership directly. Professional fees are borne by the Funds and allocated to the Partnership and are also charged directly at the Partnership level. As of September 30, 2023, the Partnership owned % of Transtrend Master, approximately % of NL Master and approximately % of Drakewood Master. At December 31, 2022, the Partnership owned % of Transtrend Master, approximately % of NL Master and approximately % of Drakewood Master. It is the Partnership’s intention to continue to invest in the Funds. The performance of the Partnership is directly affected by the performance of the Funds. Expenses to limited partners as a result of investment in the Funds are approximately the same as they would be if the Partnership traded directly and redemption rights are not affected. Summarized information reflecting the total assets, liabilities and members’ capital of the Funds is shown in the following tables: September 30, 2023  Total Assets   Total Liabilities   Total Capital  Transtrend Master  $ 77,323,753   $ 800,811   $ 76,522,942  NL Master 41,868,073  129,570  41,738,503  Drakewood Master 54,936,549  4,467,133  50,469,416  December 31, 2022  Total Assets   Total Liabilities   Total Capital  Transtrend Master  $ 72,198,137   $ 1,095,672   $ 71,102,465  NL Master 47,648,689  2,382,869  45,265,820  Drakewood Master 45,395,672  1,898,283  43,497,389  Summarized information reflecting the net investment income (loss), total trading results and net income (loss) of the Funds is shown in the following tables: For the three months ended September 30, 2023 Net Investment  Total Trading  Results  Net Income  (Loss) Transtrend Master  $ 409,976   $ (183,946)   $ 226,030  NL Master 490,050  (1,810,673)  (1,320,623)  Drakewood Master 376,530  (414,050)  (37,520)  For the nine months ended September 30, 2023 Net Investment  Total Trading   Net Income  (Loss) Transtrend Master  $ 480,013   $ 9,633,035   $ 10,113,048  NL Master 1,294,937  (5,302,980)  (4,008,043)  Drakewood Master 1,018,482  (2,157,325)  (1,138,843)  For the three months ended September 30, 2022 Net Investment  Total Trading  Results  Net Income  (Loss) Transtrend Master  $ (403,386)   $ 2,371,576   $ 1,968,190  NL Master 162,938  2,109,657  2,272,595  Drakewood Master 103,477  458,651  562,128  For the nine months ended September 30, 2022 Net Investment  Income (Loss)   Total Trading  Results  Net Income  (Loss) Transtrend Master  $ (4,287,063)   $ 23,849,664   $ 19,562,601  NL Master 140,150  15,876,257  16,016,407  Drakewood Master (a) 97,288  (1,671,264)  (1,573,976) (a) From May 1, 2022, commencement of operations for Drakewood Master, through September 30, 2022. Summarized information reflecting the Partnership’s investments in and the Partnership’s pro-rata September 30, 2023 For the three months ended September 30, 2023 % of Expenses Net Partners’ Income Clearing Professional Management Incentive Income Investment Redemptions Funds Capital Fair Value (Loss) Fees Fees Fees Fee (Loss) Objective Permitted Transtrend Master 20.67   %  $ 76,522,942  $    497,310  $ 92,247  $ 17,950  $ 161,083  $ -   $ 226,030 Commodity Portfolio Monthly NL Master 8.19   % 30,327,667 (928,770) 15,176 11,650 -  -  (955,596) Commodity Portfolio Monthly Drakewood Master 8.74   % 32,363,543 31,462 49,178 10,642 -  -  (28,358) Commodity Portfolio Monthly Total  $   139,214,152  $  (399,998)  $   156,601  $   40,242  $   161,083  $ -   $   (757,924) September 30, 2023 For the nine months ended September 30, 2023 % of Expenses Net Partners’ Income Clearing Professional Management Incentive Income Investment Redemptions Funds Capital Fair Value (Loss) Fees Fees Fees Fee (Loss) Objective Permitted Transtrend Master 20.67   %  $ 76,522,942 $ 11,381,655  $ 334,524  $ 53,919  $ 476,298  $ 403,868  $ 10,113,046 Commodity Portfolio Monthly NL Master 8.19   % 30,327,667 (2,821,262) 43,640 34,998 -  -  (2,899,900) Commodity Portfolio Monthly Drakewood Master 8.74   % 32,363,543 (511,490) 138,108 33,445 -  -  (683,043) Commodity Portfolio Monthly Total  $    139,214,152  $    8,048,903  $   516,272  $   122,362  $   476,298  $    403,868  $   6,530,103 December 31, 2022 For the three months ended September 30, 2022 % of Expenses Net Partners’ Income Clearing Professional Management Incentive Income Investment Redemptions Funds Capital Fair Value (Loss) Fees Fees Fees Fee (Loss) Objective Permitted Transtrend Master 18.56   %  $ 71,102,465  $ 2,634,825  $ 92,888  $ 17,083  $ 168,748  $ 387,916  $ 1,968,190 Commodity Portfolio Monthly NL Master 8.47   % 32,422,644 1,757,388 13,596 11,169 -  -  1,732,623 Commodity Portfolio Monthly Drakewood Master 7.77   % 29,751,951 440,415 27,175 17,969 -  -  395,271 Commodity Portfolio Monthly Total  $    133,277,060  $    4,832,628  $   133,659  $   46,221  $   168,748  $    387,916  $   4,096,084 December 31, 2022 For the nine months ended September 30, 2022 % of Expenses Net Partners’ Income Clearing Professional Management Incentive Income Investment Redemptions Funds Capital Fair Value (Loss) Fees Fees Fees Fee (Loss) Objective Permitted Transtrend Master 18.56   %  $ 71,102,465  $ 24,184,862  $ 336,980  $ 51,083  $ 508,670  $ 3,725,528  $ 19,562,601 Commodity Portfolio Monthly NL Master 8.47   % 32,422,644 11,819,067 47,399 33,398 -  -  11,738,270 Commodity Portfolio Monthly Drakewood Master (a) 7.77   % 29,751,951 (1,069,693) 48,979 30,257 -  -  (1,148,929) Commodity Portfolio Monthly Total  $    133,277,060  $   34,934,236  $   433,358  $   114,738  $   508,670  $  3,725,528  $  30,151,942 (a) The Partnership first invested in Drakewood Master on May 1, 2022.

Financial Instrument Risks

Financial Instrument Risks	9 Months Ended
	Sep. 30, 2023
Investments, All Other Investments [Abstract]
Financial Instrument Risks	7. Financial Instrument Risks: In the normal course of business, the Partnership and the Funds are parties to financial instruments with off-balance-sheet over-the-counter Futures Contracts Forward Foreign Currency Contracts. London Metal Exchange Forward Contracts. Options marked-to-market marked-to-market As both a buyer and seller of options, the Partnership/Funds pay or receive a premium at the outset and then bear the risk of unfavorable changes in the price of the contract underlying the option. Written options expose the Partnership/Funds to potentially unlimited liability; for purchased options, the risk of loss is limited to the premiums paid. Certain written put options permit cash settlement and do not require the option holder to own the reference asset. The Partnership/Funds do not consider these contracts to be guarantees. Futures-Style Options. Market risk is the potential for changes in the value of the financial instruments traded by the Partnership/Funds 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 and the Funds are 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/Funds’ risk of loss in the event of a counterparty default is typically limited to the amounts recognized in the Partnership’s/Funds’ Statements of Financial Condition and is not represented by the contract or notional amounts of the instruments. The Partnership’s/Funds’ risk of loss is reduced through the use of legally enforceable master netting agreements with counterparties that permit the Partnership/Funds to offset unrealized gains and losses and other assets and liabilities with such counterparties upon the occurrence of certain events. The Partnership/Funds have credit risk and concentration risk as MS&Co. or an MS&Co. affiliate are counterparties or brokers with respect to the Partnership’s and the Funds’ assets. For certain OTC contracts traded by certain Funds, JPMorgan is the counterparty with respect to those 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/Funds’ counterparty is an exchange or clearing organization. The General Partner/Trading Manager monitors and attempts to mitigate the Partnership’s/Funds’ risk exposure on a daily basis through financial, credit and risk management monitoring systems, and accordingly, believes that it has effective procedures for evaluating and limiting the credit and market risks to which the Partnership/Funds may be subject. These monitoring systems generally allow the General Partner/Trading Manager 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/Funds’ business, these instruments may not be 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/Funds enter into contracts and agreements that contain various representations and warranties and which provide general indemnifications. The Partnership’s/Funds’ maximum exposure under these arrangements cannot be determined, as this could include future claims that have not yet been made against the Partnership/Funds. The General Partner/Trading Manager considers the risk of any future obligation relating to these indemnifications to be remote. Beginning in February 2022, the United States, the United Kingdom, the European Union, and a number of other nations imposed sanctions against Russia in response to Russia’s invasion of Ukraine, and these and other governments around the world may impose additional sanctions in the future as the conflict develops. In addition, on October 7, 2023, Hamas militants and members of other terrorist organizations infiltrated Israel’s southern border from the Gaza Strip and conducted a series of terror attacks on civilian and military targets. Shortly following the attack, Israel’s security cabinet declared war against Hamas. These conflicts and subsequent sanctions have created volatility in the price of various commodities and may lead to a deterioration in the political and trade relationships that exist between the countries involved and have a negative impact on business activity globally, and therefore could affect the performance of the Partnership’s/Funds’ investments. Furthermore, uncertainties regarding these conflicts and the varying involvement of the United States and other countries preclude prediction as to the ultimate impact on global economic and market conditions, and, as a result, presents material uncertainty and risk with respect to the Partnership/Funds and the performance of its investments or operations, and the ability of the Partnership/Funds to achieve its investment objectives. Additionally, to the extent that investors, service providers and/or other third parties have material operations or assets in Russia, Belarus, Ukraine or Israel, they may have their operations disrupted and/or suffer adverse consequences related to the ongoing conflicts.

Subsequent Events

Subsequent Events	9 Months Ended
	Sep. 30, 2023
Subsequent Events [Abstract]
Subsequent Events	8. 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)	9 Months Ended
	Sep. 30, 2023
Accounting Policies [Abstract]
Use of Estimates	Use of Estimates. preparation
Profit Allocation	Profit Allocation.
Statement of Cash Flows	Statement of Cash Flows. “Statement of Cash Flows.”
Partnership's Investment in the Funds	Partnership’s Investment in the Funds.
Partnership's/Funds' Derivative Investments	Partnership’s/Funds’ Derivative Investments. first-in, first-out The Partnership and the Funds do not isolate the portion of the results of operations arising from the effect of changes in foreign exchange rates on investments from fluctuations due to changes in market prices of investments held. Such fluctuations are included in total trading results in the Partnership’s/Funds’ Statements of Income and Expenses.
Partnership's Cash	Partnership’s Cash.
Income Taxes	Income Taxes Income Taxes recognition threshold and measurement attribute for financial statement recognition and measurement of tax positions taken or expected to be taken in the course of preparing the Partnership’s tax returns to determine whether the tax positions are “more-likely-than-not” more-likely-than-not The 2019 through 2022 authorities
Investment Company Status	Investment Company Status. 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)	9 Months Ended
	Sep. 30, 2023
Investment Company [Abstract]
Financial Highlights	Financial highlights for the limited partner Classes as a whole for the three and nine months ended September 30, 2023 and 2022 were as follows: Three Months Ended    September 30, 2023    Three Months Ended    September 30, 2022    Nine Months Ended    September 30, 2023    Nine Months Ended    September 30, 2022    Class A Class Z Class A Class Z Class A Class Z Class A Class Z Per Redeemable Unit Performance (for a Net realized and unrealized gains (losses)  $ (68.64)  $ (28.62)  $ 215.96  $ 90.02  $ (9.98)  $ (4.02)  $ 875.39  $ 360.45 Net investment income (loss) 5.97 5.31 (51.36) (18.78) (0.93) 7.98 (219.36) (80.62)  Increase (decrease) for the period (62.67) (23.31) 164.60 71.24 (10.91) 3.96 656.03 279.83 Net asset value per Redeemable Unit, beginning of period 3,669.96 1,531.58 3,710.49 1,536.82 3,618.20 1,504.31 3,219.06 1,328.23   Net asset value per Redeemable Unit, end  $ 3,607.29  $ 1,508.27  $ 3,875.09  $ 1,608.06  $ 3,607.29  $ 1,508.27  $ 3,875.09  $ 1,608.06 Three Months Ended   September 30, 2023   Three Months Ended   September 30, 2022   Nine Months Ended   September 30, 2023   Nine Months Ended   September 30, 2022    Class A   Class Z   Class A   Class Z   Class A   Class Z   Class A   Class Z  Ratios to Average Limited Partners’ Net investment income (loss)*** 0.7 % 1.4 % (2.7) % (1.9) % 0.0 % 0.7 % (6.8) % (5.9) Operating expenses 3.6 % 2.9 % 3.3 % 2.6 % 3.7 % 3.0 % 3.4 % 2.7 Incentive fees - % - % 1.0 % 1.0 % 0.2 % 0.2 % 4.1 % 4.0 Total expenses 3.6 % 2.9 % 4.3 % 3.6 % 3.9 % 3.2 % 7.5 % 6.7 Total return: Total return before incentive fees (1.7) % (1.5) % 5.4 % 5.7 % (0.2) % 0.4 % 25.0 % 25.5 Incentive fees - % - % (1.0) % (1.1) % (0.1) % (0.1) % (4.6) % (4.4) Total return after incentive fees (1.7) % (1.5) % 4.4 % 4.6 % (0.3) % 0.3 % 20.4 % 21.1  % * Net investment income (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)	9 Months Ended
	Sep. 30, 2023
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 September 30, 2023 and December 31, 2022, respectively. Gross Amounts Gross Amounts Offset in the Statements of Amounts Presented in the Statements of Gross Amounts Not Offset in the  Net Amount  September 30, 2023  Financial Cash Collateral Assets Futures  $ 19,905,104  $ (19,185,518)  $ 719,586  $ -   $ -   $ 719,586 Forwards 313,452 (313,452) -  -  -  -  Total assets  $ 20,218,556  $ (19,498,970)  $ 719,586  $ -   $ -   $ 719,586 Liabilities Futures  $ (19,185,518)  $ 19,185,518  $ -   $ -   $ -   $ -  Forwards (513,727) 313,452 (200,275) -  200,275 -  Total liabilities  $ (19,699,245)  $ 19,498,970  $ (200,275)  $ -   $ 200,275  $ -  Net fair value  $ 719,586 * Gross Amounts Gross Amounts Statements of Amounts Statements of Gross Amounts Not Offset in the  Net Amount  December 31, 2022  Financial Cash Collateral Assets Futures  $ 14,305,450  $ (12,309,702)  $ 1,995,748  $ -   $ -   $ 1,995,748 Forwards 95,123 (45,549) 49,574 -  -  49,574 Total assets  $ 14,400,573  $ (12,355,251)  $ 2,045,322  $ -   $ -   $ 2,045,322 Liabilities Futures  $ (12,309,702)  $ 12,309,702  $ -   $ -   $ -   $ -  Forwards (45,549) 45,549 -  -  -  -  Total liabilities  $ (12,355,251)  $ 12,355,251  $ -   $ -   $ -   $ -  Net fair value  $ 2,045,322 * * In the event of default by the Partnership, MS&Co., the Partnership’s commodity 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, forward and option contracts, as applicable, held directly by the Partnership as separate assets and liabilities as of September 30, 2023 and December 31, 2022, respectively.  September 30, 2023  Assets Futures Contracts Currencies  $ 1,350,362  Energy 4,807,452  Grains 5,908,572  Indices 1,040,817  Interest Rates U.S. 1,551,558  Interest Rates Non-U.S. 1,030,212  Livestock 327,374  Metals 964,524  Softs 2,924,233  Total unrealized appreciation on open futures contracts 19,905,104  Liabilities Futures Contracts Currencies (587,490) Energy (4,170,544) Grains (7,847,130) Indices (1,859,302) Interest Rates U.S. (2,579) Interest Rates Non-U.S. (472,932) Livestock (229,361) Metals (1,204,332) Softs (2,811,848) Total unrealized depreciation on open futures contracts (19,185,518) Net unrealized appreciation on open futures contracts  $ 719,586   * Assets Forward Contracts Metals  $ 313,452  Total unrealized appreciation on open forward contracts 313,452  Liabilities Forward Contracts Metals  $ (513,727) Total unrealized depreciation on open forward contracts (513,727) Net unrealized depreciation on open forward contracts  $ (200,275)  ** Assets Options Purchased Indices  $ 79,050  Total options purchased  $ 79,050   *** * This amount is in “Net unrealized appreciation on open futures contracts” in the Statements of Financial Condition. ** This amount is in “Net unrealized depreciation on open forward contracts” in the Statements of Financial Condition. *** This amount is in “Options purchased, at fair value” in the Statements of Financial Condition.  December 31, 2022  Assets Futures Contracts Currencies  $ 520,243  Energy 7,120,018  Grains 1,404,859  Indices 1,038,083  Interest Rates U.S. 92,626  Interest Rates Non-U.S. 1,703,887  Livestock 209,243  Metals 899,617  Softs 1,316,874  Total unrealized appreciation on open futures contracts 14,305,450  Liabilities Futures Contracts Currencies (889,630) Energy (6,187,661) Grains (829,637) Indices (1,824,888) Interest Rates U.S. (142,082) Interest Rates Non-U.S. (825,395) Livestock (61,735) Metals (258,302) Softs (1,290,372) Total unrealized depreciation on open futures contracts (12,309,702) Net unrealized appreciation on open futures contracts  $ 1,995,748   * Assets Forward Contracts Metals  $ 95,123  Total unrealized appreciation on open forward contracts 95,123  Liabilities Forward Contracts Metals  $ (45,549) Total unrealized depreciation on open forward contracts (45,549) Net unrealized appreciation on open forward contracts  $ 49,574   ** * 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 directly by the Partnership for the three and nine months ended September 30, 2023 and 2022, respectively.  Three Months Ended September 30,    Nine Months Ended September 30,   Sector 2023 2022 2023 2022 Currencies  $ 26,096   $ 6,568,561   $ 6,692,502   $ 11,672,095  Energy (86,282) 8,090,798  (437,564) 34,259,657  Grains (1,504,537) (743,871) (6,695,350) (400,283) Indices (4,730,258) 3,224,610  7,966,485  18,397,665  Interest Rates U.S. 2,599,932  1,717,639  (3,779,473) 3,502,275  Interest Rates Non-U.S. (300,924) 2,351,618  (6,575,899) 6,547,741  Livestock 285,646  (316,941) 1,568,355  (1,620,632) Metals (3,102,898) (520,348) (7,600,946) (6,880,661) Softs 1,387,850  (785,076) 3,408,247  (2,191,229) Total  $  (5,425,375)  ****  $  19,586,990   ****  $  (5,453,643)  ****  $  63,286,628   **** **** This amount is included in “Total trading results” in the Statements of Income and Expenses.

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	9 Months Ended
	Sep. 30, 2023
Fair Value Disclosures [Abstract]
Summary of Assets and Liabilities Measured at Fair Value	Total      Level 1     Level 2     Level 3   Assets Futures  $ 19,905,104  $ 19,381,968  $ 523,136  $ -  Forwards 313,452 -  313,452 -  Options purchased 79,050 79,050 -  -  Total assets  $ 20,297,606  $ 19,461,018  $ 836,588  $ -  Liabilities Futures  $ 19,185,518  $ 18,569,408  $ 616,110  $ -  Forwards 513,727 -  513,727 -  Total liabilities  $ 19,699,245  $ 18,569,408  $ 1,129,837  $ -     Total      Level 1     Level 2     Level 3   Assets Futures  $ 14,305,450  $ 13,564,310  $ 741,140  $ -  Forwards 95,123 -  95,123 -  Total assets  $ 14,400,573  $ 13,564,310  $ 836,263  $ -  Liabilities Futures  $ 12,309,702  $ 11,708,457  $ 601,245  $ -  Forwards 45,549 -  45,549 -  Total liabilities  $ 12,355,251  $ 11,708,457  $ 646,794  $ -

Investment in the Funds (Tables

Investment in the Funds (Tables)	9 Months Ended
	Sep. 30, 2023
Schedule of Investments [Abstract]
Assets, Liabilities and Partners' Members' Capital of Funds	Summarized information reflecting the total assets, liabilities and members’ capital of the Funds is shown in the following tables: September 30, 2023  Total Assets   Total Liabilities   Total Capital  Transtrend Master  $ 77,323,753   $ 800,811   $ 76,522,942  NL Master 41,868,073  129,570  41,738,503  Drakewood Master 54,936,549  4,467,133  50,469,416  December 31, 2022  Total Assets   Total Liabilities   Total Capital  Transtrend Master  $ 72,198,137   $ 1,095,672   $ 71,102,465  NL Master 47,648,689  2,382,869  45,265,820  Drakewood Master 45,395,672  1,898,283  43,497,389
Net Investment Income (Loss), Trading Results and Net Income (Loss) of Funds	Summarized information reflecting the net investment income (loss), total trading results and net income (loss) of the Funds is shown in the following tables: For the three months ended September 30, 2023 Net Investment  Total Trading  Results  Net Income  (Loss) Transtrend Master  $ 409,976   $ (183,946)   $ 226,030  NL Master 490,050  (1,810,673)  (1,320,623)  Drakewood Master 376,530  (414,050)  (37,520)  For the nine months ended September 30, 2023 Net Investment  Total Trading   Net Income  (Loss) Transtrend Master  $ 480,013   $ 9,633,035   $ 10,113,048  NL Master 1,294,937  (5,302,980)  (4,008,043)  Drakewood Master 1,018,482  (2,157,325)  (1,138,843)  For the three months ended September 30, 2022 Net Investment  Total Trading  Results  Net Income  (Loss) Transtrend Master  $ (403,386)   $ 2,371,576   $ 1,968,190  NL Master 162,938  2,109,657  2,272,595  Drakewood Master 103,477  458,651  562,128  For the nine months ended September 30, 2022 Net Investment  Income (Loss)   Total Trading  Results  Net Income  (Loss) Transtrend Master  $ (4,287,063)   $ 23,849,664   $ 19,562,601  NL Master 140,150  15,876,257  16,016,407  Drakewood Master (a) 97,288  (1,671,264)  (1,573,976) (a) From May 1, 2022, commencement of operations for Drakewood Master, through September 30, 2022.
Partnership's Investments in, and Partnership's Pro Rata Share of Results of Operations of Funds	Summarized information reflecting the Partnership’s investments in and the Partnership’s pro-rata September 30, 2023 For the three months ended September 30, 2023 % of Expenses Net Partners’ Income Clearing Professional Management Incentive Income Investment Redemptions Funds Capital Fair Value (Loss) Fees Fees Fees Fee (Loss) Objective Permitted Transtrend Master 20.67   %  $ 76,522,942  $    497,310  $ 92,247  $ 17,950  $ 161,083  $ -   $ 226,030 Commodity Portfolio Monthly NL Master 8.19   % 30,327,667 (928,770) 15,176 11,650 -  -  (955,596) Commodity Portfolio Monthly Drakewood Master 8.74   % 32,363,543 31,462 49,178 10,642 -  -  (28,358) Commodity Portfolio Monthly Total  $   139,214,152  $  (399,998)  $   156,601  $   40,242  $   161,083  $ -   $   (757,924) September 30, 2023 For the nine months ended September 30, 2023 % of Expenses Net Partners’ Income Clearing Professional Management Incentive Income Investment Redemptions Funds Capital Fair Value (Loss) Fees Fees Fees Fee (Loss) Objective Permitted Transtrend Master 20.67   %  $ 76,522,942 $ 11,381,655  $ 334,524  $ 53,919  $ 476,298  $ 403,868  $ 10,113,046 Commodity Portfolio Monthly NL Master 8.19   % 30,327,667 (2,821,262) 43,640 34,998 -  -  (2,899,900) Commodity Portfolio Monthly Drakewood Master 8.74   % 32,363,543 (511,490) 138,108 33,445 -  -  (683,043) Commodity Portfolio Monthly Total  $    139,214,152  $    8,048,903  $   516,272  $   122,362  $   476,298  $    403,868  $   6,530,103 December 31, 2022 For the three months ended September 30, 2022 % of Expenses Net Partners’ Income Clearing Professional Management Incentive Income Investment Redemptions Funds Capital Fair Value (Loss) Fees Fees Fees Fee (Loss) Objective Permitted Transtrend Master 18.56   %  $ 71,102,465  $ 2,634,825  $ 92,888  $ 17,083  $ 168,748  $ 387,916  $ 1,968,190 Commodity Portfolio Monthly NL Master 8.47   % 32,422,644 1,757,388 13,596 11,169 -  -  1,732,623 Commodity Portfolio Monthly Drakewood Master 7.77   % 29,751,951 440,415 27,175 17,969 -  -  395,271 Commodity Portfolio Monthly Total  $    133,277,060  $    4,832,628  $   133,659  $   46,221  $   168,748  $    387,916  $   4,096,084 December 31, 2022 For the nine months ended September 30, 2022 % of Expenses Net Partners’ Income Clearing Professional Management Incentive Income Investment Redemptions Funds Capital Fair Value (Loss) Fees Fees Fees Fee (Loss) Objective Permitted Transtrend Master 18.56   %  $ 71,102,465  $ 24,184,862  $ 336,980  $ 51,083  $ 508,670  $ 3,725,528  $ 19,562,601 Commodity Portfolio Monthly NL Master 8.47   % 32,422,644 11,819,067 47,399 33,398 -  -  11,738,270 Commodity Portfolio Monthly Drakewood Master (a) 7.77   % 29,751,951 (1,069,693) 48,979 30,257 -  -  (1,148,929) Commodity Portfolio Monthly Total  $    133,277,060  $   34,934,236  $   433,358  $   114,738  $   508,670  $  3,725,528  $  30,151,942 (a) The Partnership first invested in Drakewood Master on May 1, 2022.

Organization - Additional Infor

Organization - Additional Information (Detail) - USD ($) $ in Millions				9 Months Ended
	Jul. 01, 2021	Jan. 01, 2021	Oct. 01, 2020	Sep. 30, 2023
Subsidiary of Limited Liability Company or Limited Partnership [Line Items]
Maximum number of Redeemable Units sold by the Partnership				0
Percentage of partnership assets allocated				10%
Greenwave Capital Management LLC [Member]
Subsidiary of Limited Liability Company or Limited Partnership [Line Items]
Maximum amount of partnership assets allocated to trading advisor			1.75
John Street Capital Lip [Member]
Subsidiary of Limited Liability Company or Limited Partnership [Line Items]
Amount of partnership assets allocated to trading advisor				$ 80
Maximum [Member]
Subsidiary of Limited Liability Company or Limited Partnership [Line Items]
Incentive fee, quarterly trading profits basis		20%
Maximum [Member] | John Street Capital Lip [Member]
Subsidiary of Limited Liability Company or Limited Partnership [Line Items]
Maximum amount of partnership assets allocated to trading advisor				2
Minimum [Member]
Subsidiary of Limited Liability Company or Limited Partnership [Line Items]
Incentive fee, quarterly trading profits basis		16%
Minimum [Member] | Greenwave Capital Management LLC [Member]
Subsidiary of Limited Liability Company or Limited Partnership [Line Items]
Maximum amount of partnership assets allocated to trading advisor	2
Minimum [Member] | John Street Capital Lip [Member]
Subsidiary of Limited Liability Company or Limited Partnership [Line Items]
Maximum amount of partnership assets allocated to trading advisor				1.5
Class A Redeemable Units [Member]
Subsidiary of Limited Liability Company or Limited Partnership [Line Items]
Ongoing selling agent fee				0.75%
Harbor Selling Agreement [Member] | Class A Redeemable Units [Member]
Subsidiary of Limited Liability Company or Limited Partnership [Line Items]
Monthly ongoing selling agent fee				0.75%

Basis of Presentation and Sum_3

Basis of Presentation and Summary of Significant Accounting Policies - Additional Information (Detail) - USD ($)	9 Months Ended
	Sep. 30, 2023	Dec. 31, 2022
Accounting Policies [Abstract]
Cash denominated in foreign currencies	$ 1,739,713	$ 5,747,177
Cash denominated in foreign currencies, proceeds		5,698,305
Cash denominated in foreign currencies, cost	1,837,427	5,698,305
Restricted cash	34,110,287	$ 37,622,333
Uncertain tax position	$ 0
Open tax year	2019 2020 2021 2022

Financial Highlights - Schedule

Financial Highlights - Schedule of Changes in Net Asset Value (Detail) - $ / shares	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Class A Redeemable Units [Member]
Per Redeemable Unit Performance (for a unit outstanding throughout the period):
Net realized and unrealized gains (losses)	$ (68.64)	$ 215.96	$ (9.98)	$ 875.39
Net investment income (loss)	5.97	(51.36)	(0.93)	(219.36)
Increase (decrease) for the period	(62.67)	164.6	(10.91)	656.03
Net asset value per Redeemable Unit, beginning of period	3,669.96	3,710.49	3,618.2	3,219.06
Net asset value per Redeemable Unit, end of period	3,607.29	3,875.09	3,607.29	3,875.09
Class Z Redeemable Units [Member]
Per Redeemable Unit Performance (for a unit outstanding throughout the period):
Net realized and unrealized gains (losses)	(28.62)	90.02	(4.02)	360.45
Net investment income (loss)	5.31	(18.78)	7.98	(80.62)
Increase (decrease) for the period	(23.31)	71.24	3.96	279.83
Net asset value per Redeemable Unit, beginning of period	1,531.58	1,536.82	1,504.31	1,328.23
Net asset value per Redeemable Unit, end of period	$ 1,508.27	$ 1,608.06	$ 1,508.27	$ 1,608.06

Financial Highlights - Ratios t

Financial Highlights - Ratios to Average Limited Partners' Capital (Detail)	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Class A Redeemable Units [Member]
Ratios to Average Limited Partners' Capital:
Net investment income (loss)	0.70%	(2.70%)	0%	(6.80%)
Operating expenses	3.60%	3.30%	3.70%	3.40%
Incentive fees	0%	1%	0.20%	4.10%
Total expenses	3.60%	4.30%	3.90%	7.50%
Total return:
Total return before incentive fees	(1.70%)	5.40%	(0.20%)	25%
Incentive fees	0%	(1.00%)	(0.10%)	(4.60%)
Total return after incentive fees	(1.70%)	4.40%	(0.30%)	20.40%
Class Z Redeemable Units [Member]
Ratios to Average Limited Partners' Capital:
Net investment income (loss)	1.40%	(1.90%)	0.70%	(5.90%)
Operating expenses	2.90%	2.60%	3%	2.70%
Incentive fees	0%	1%	0.20%	4%
Total expenses	2.90%	3.60%	3.20%	6.70%
Total return:
Total return before incentive fees	(1.50%)	5.70%	0.40%	25.50%
Incentive fees	0%	(1.10%)	(0.10%)	(4.40%)
Total return after incentive fees	(1.50%)	4.60%	0.30%	21.10%

Trading Activities - Additional

Trading Activities - Additional Information (Detail) - Contracts	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Metals [Member]
Trading Activity, Gains and Losses, Net [Line Items]
Monthly average number of derivative forward contracts traded	186	102	125	35
Forward Contracts [Member] | Metals [Member]
Trading Activity, Gains and Losses, Net [Line Items]
Average number of derivative contracts traded	63	3,490	21	5,762
Futures Contracts [Member]
Trading Activity, Gains and Losses, Net [Line Items]
Average number of derivative contracts traded	27,384	41,247	26,045	43,693

Trading Activities - Summary of

Trading Activities - Summary of Gross and Net Amounts Recognized Relating to Assets and Liabilities of Partnership's Derivatives (Detail) - USD ($)		Sep. 30, 2023	Dec. 31, 2022
Derivative [Line Items]
Gross Amounts Recognized, Assets		$ 20,218,556	$ 14,400,573
Gross Amounts Offset in the Statements of Financial Condition, Assets		(19,498,970)	(12,355,251)
Amounts Presented in the Statements of Financial Condition, Assets		719,586	2,045,322
Financial Instruments, Assets		0	0
Net Amount, Assets		719,586	2,045,322
Gross Amounts Recognized, Liabilities		(19,699,245)	(12,355,251)
Gross Amounts Offset in the Statements of Financial Condition, Liabilities		19,498,970	12,355,251
Amounts Presented in the Statements of Financial Condition, Liabilities		(200,275)	0
Financial Instruments, Liabilities		0	0
Cash Collateral Received/Pledged, Liabilities		200,275
Net fair value	[1]	719,586	2,045,322
Forward Contracts [Member]
Derivative [Line Items]
Gross Amounts Recognized, Assets		313,452	95,123
Gross Amounts Offset in the Statements of Financial Condition, Assets		(313,452)	(45,549)
Amounts Presented in the Statements of Financial Condition, Assets		0	49,574
Financial Instruments, Assets		0	0
Net Amount, Assets		0	49,574
Gross Amounts Recognized, Liabilities		(513,727)	(45,549)
Gross Amounts Offset in the Statements of Financial Condition, Liabilities		313,452	45,549
Amounts Presented in the Statements of Financial Condition, Liabilities		(200,275)	0
Financial Instruments, Liabilities		0	0
Cash Collateral Received/Pledged, Liabilities		200,275
Futures Contracts [Member]
Derivative [Line Items]
Gross Amounts Recognized, Assets		19,905,104	14,305,450
Gross Amounts Offset in the Statements of Financial Condition, Assets		(19,185,518)	(12,309,702)
Amounts Presented in the Statements of Financial Condition, Assets		719,586	1,995,748
Financial Instruments, Assets		0	0
Net Amount, Assets		719,586	1,995,748
Gross Amounts Recognized, Liabilities		(19,185,518)	(12,309,702)
Gross Amounts Offset in the Statements of Financial Condition, Liabilities		19,185,518	12,309,702
Amounts Presented in the Statements of Financial Condition, Liabilities		0	0
Financial Instruments, Liabilities		0	$ 0
Cash Collateral Received/Pledged, Liabilities		$ 0
[1]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 contracts, as applicable, has the right to offset the Partnership’s obligation with the Partnership’s cash and/or U.S. Treasury bills held by MS&Co., thereby minimizing MS&Co.’s risk of loss. In certain instances, MS&Co. may not post collateral and as such, in the event of default by MS&Co., the Partnership is exposed to the amount shown in the Statements of Financial Condition. In the case of exchange-traded contracts, the Partnership’s exposure to counterparty risk may be reduced since the exchange’s clearinghouse interposes its credit between buyer and seller and the clearinghouse’s guarantee funds may be available in the event of a default. In some instances, the actual collateral received and/or pledged may be more than the amount shown due to overcollateralization.

Trading Activities - Gross Fair

Trading Activities - Gross Fair Values of Derivative Instruments of Futures and Forward Contracts Traded (Detail) - USD ($)		Sep. 30, 2023		Dec. 31, 2022
Forward Contracts [Member]
Derivative [Line Items]
Total unrealized appreciation on open contracts		$ 313,452		$ 95,123
Total unrealized depreciation on open contracts		(513,727)		(45,549)
Net unrealized appreciation/depreciation		(200,275)	[1]	49,574	[2]
Forward Contracts [Member] | Metals [Member]
Derivative [Line Items]
Total unrealized appreciation on open contracts		313,452		95,123
Total unrealized depreciation on open contracts		(513,727)		(45,549)
Futures Contracts [Member]
Derivative [Line Items]
Total unrealized appreciation on open contracts		19,905,104		14,305,450
Total unrealized depreciation on open contracts		(19,185,518)		(12,309,702)
Net unrealized appreciation/depreciation	[3]	719,586		1,995,748
Futures Contracts [Member] | Currencies [Member]
Derivative [Line Items]
Total unrealized appreciation on open contracts		1,350,362		520,243
Total unrealized depreciation on open contracts		(587,490)		(889,630)
Futures Contracts [Member] | Energy [Member]
Derivative [Line Items]
Total unrealized appreciation on open contracts		4,807,452		7,120,018
Total unrealized depreciation on open contracts		(4,170,544)		(6,187,661)
Futures Contracts [Member] | Grains [Member]
Derivative [Line Items]
Total unrealized appreciation on open contracts		5,908,572		1,404,859
Total unrealized depreciation on open contracts		(7,847,130)		(829,637)
Futures Contracts [Member] | Indices [Member]
Derivative [Line Items]
Total unrealized appreciation on open contracts		1,040,817		1,038,083
Total unrealized depreciation on open contracts		(1,859,302)		(1,824,888)
Futures Contracts [Member] | Interest Rates U.S. [Member]
Derivative [Line Items]
Total unrealized appreciation on open contracts		1,551,558		92,626
Total unrealized depreciation on open contracts		(2,579)		(142,082)
Futures Contracts [Member] | Interest Rates Non-U.S. [Member]
Derivative [Line Items]
Total unrealized appreciation on open contracts		1,030,212		1,703,887
Total unrealized depreciation on open contracts		(472,932)		(825,395)
Futures Contracts [Member] | Livestock [Member]
Derivative [Line Items]
Total unrealized appreciation on open contracts		327,374		209,243
Total unrealized depreciation on open contracts		(229,361)		(61,735)
Futures Contracts [Member] | Metals [Member]
Derivative [Line Items]
Total unrealized appreciation on open contracts		964,524		899,617
Total unrealized depreciation on open contracts		(1,204,332)		(258,302)
Futures Contracts [Member] | Softs [Member]
Derivative [Line Items]
Total unrealized appreciation on open contracts		2,924,233		1,316,874
Total unrealized depreciation on open contracts		(2,811,848)		$ (1,290,372)
Options Purchased [Member]
Derivative [Line Items]
Total unrealized appreciation on open contracts	[4]	79,050
Options Purchased [Member] | Indices [Member]
Derivative [Line Items]
Total unrealized appreciation on open contracts		$ 79,050
[1]This amount is in “Net unrealized depreciation on open forward contracts” in the Statements of Financial Condition.[2]This amount is in “Net unrealized appreciation on open forward contracts” in the Statements of Financial Condition.[3]This amount is in “Net unrealized appreciation on open futures contracts” in the Statements of Financial Condition.[4]This amount is in “Options purchased, at fair value” in the Statements of Financial Condition.

Trading Activities - Trading Ga

Trading Activities - Trading Gains and Losses by Market Sector on Derivative Instruments Traded (Detail) - USD ($)		3 Months Ended		9 Months Ended
		Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Derivative [Line Items]
Total trading results	[1]	$ (5,425,375)	$ 19,586,990	$ (5,453,643)	$ 63,286,628
Currencies [Member]
Derivative [Line Items]
Total trading results		26,096	6,568,561	6,692,502	11,672,095
Energy [Member]
Derivative [Line Items]
Total trading results		(86,282)	8,090,798	(437,564)	34,259,657
Grains [Member]
Derivative [Line Items]
Total trading results		(1,504,537)	(743,871)	(6,695,350)	(400,283)
Indices [Member]
Derivative [Line Items]
Total trading results		(4,730,258)	3,224,610	7,966,485	18,397,665
Interest Rates U.S. [Member]
Derivative [Line Items]
Total trading results		2,599,932	1,717,639	(3,779,473)	3,502,275
Interest Rates Non-U.S. [Member]
Derivative [Line Items]
Total trading results		(300,924)	2,351,618	(6,575,899)	6,547,741
Livestock [Member]
Derivative [Line Items]
Total trading results		285,646	(316,941)	1,568,355	(1,620,632)
Metals [Member]
Derivative [Line Items]
Total trading results		(3,102,898)	(520,348)	(7,600,946)	(6,880,661)
Softs [Member]
Derivative [Line Items]
Total trading results		$ 1,387,850	$ (785,076)	$ 3,408,247	$ (2,191,229)
[1]This amount is included in “Total trading results” in the Statements of Income and Expenses.

Fair Value Measurements - Addit

Fair Value Measurements - Additional Information (Detail) - DerivativeInstrument	Sep. 30, 2023	Dec. 31, 2022
Significant Unobservable Inputs (Level 3) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative instruments held	0	0

Fair Value Measurements - Summa

Fair Value Measurements - Summary of Assets and Liabilities Measured at Fair Value (Detail) - USD ($)	Sep. 30, 2023	Dec. 31, 2022
Assets
Total assets	$ 20,297,606	$ 14,400,573
Liabilities
Total liabilities	19,699,245	12,355,251
Options [Member]
Assets
Total assets	79,050
Forward Contracts [Member]
Assets
Total assets	313,452	95,123
Liabilities
Total liabilities	513,727	45,549
Future [Member]
Assets
Total assets	19,905,104	14,305,450
Liabilities
Total liabilities	19,185,518	12,309,702
Quoted Prices in Active Markets for Identical Assets and Liabilities (Level 1) [Member]
Assets
Total assets	19,461,018	13,564,310
Liabilities
Total liabilities	18,569,408	11,708,457
Quoted Prices in Active Markets for Identical Assets and Liabilities (Level 1) [Member] | Options [Member]
Assets
Total assets	79,050
Quoted Prices in Active Markets for Identical Assets and Liabilities (Level 1) [Member] | Forward Contracts [Member]
Assets
Total assets	0	0
Liabilities
Total liabilities	0	0
Quoted Prices in Active Markets for Identical Assets and Liabilities (Level 1) [Member] | Future [Member]
Assets
Total assets	19,381,968	13,564,310
Liabilities
Total liabilities	18,569,408	11,708,457
Significant Other Observable Inputs (Level 2) [Member]
Assets
Total assets	836,588	836,263
Liabilities
Total liabilities	1,129,837	646,794
Significant Other Observable Inputs (Level 2) [Member] | Options [Member]
Assets
Total assets	0
Significant Other Observable Inputs (Level 2) [Member] | Forward Contracts [Member]
Assets
Total assets	313,452	95,123
Liabilities
Total liabilities	513,727	45,549
Significant Other Observable Inputs (Level 2) [Member] | Future [Member]
Assets
Total assets	523,136	741,140
Liabilities
Total liabilities	616,110	601,245
Fair Value, Inputs, Level 3 [Member]
Assets
Total assets	0	0
Liabilities
Total liabilities	0	0
Fair Value, Inputs, Level 3 [Member] | Options [Member]
Assets
Total assets	0
Fair Value, Inputs, Level 3 [Member] | Forward Contracts [Member]
Assets
Total assets	0	0
Liabilities
Total liabilities	0	0
Fair Value, Inputs, Level 3 [Member] | Future [Member]
Assets
Total assets	0	0
Liabilities
Total liabilities	$ 0	$ 0

Investment in the Funds - Addit

Investment in the Funds - Additional Information (Detail)	Sep. 30, 2023	Dec. 31, 2022
Investment [Line Items]
Leverage factor	1.5
Drakewood Master [Member]
Investment [Line Items]
Percentage owned by partnership	63.90%	68.20%
CMF TT II, LLC [Member]
Investment [Line Items]
Percentage owned by partnership	100%	100%
CMF NL Master Fund LLC [Member]
Investment [Line Items]
Percentage owned by partnership	72.40%	71.40%

Investment in the Funds - Asset

Investment in the Funds - Assets, Liabilities and Partners' Members' Capital of Funds (Detail) - USD ($)	Sep. 30, 2023	Jun. 30, 2023	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Dec. 31, 2021
Investment Holdings [Line Items]
Total Assets	$ 372,970,465		$ 390,461,478
Total Liabilities	2,696,946		7,436,496
Total Capital	370,273,519	$ 382,610,766	383,024,982	$ 421,075,865	$ 410,551,097	$ 361,858,030
Transtrend Master [Member]
Investment Holdings [Line Items]
Total Assets	77,323,753		72,198,137
Total Liabilities	800,811		1,095,672
Total Capital	76,522,942		71,102,465
NL Master [Member]
Investment Holdings [Line Items]
Total Assets	41,868,073		47,648,689
Total Liabilities	129,570		2,382,869
Total Capital	41,738,503		45,265,820
Drakewood Master [Member]
Investment Holdings [Line Items]
Total Assets	54,936,549		45,395,672
Total Liabilities	4,467,133		1,898,283
Total Capital	$ 50,469,416		$ 43,497,389

Investment in the Funds - Net I

Investment in the Funds - Net Investment Income (Loss), Trading Results and Net Income (Loss) for Funds (Detail) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Investment Holdings [Line Items]
Net Investment Income (Loss)	$ 634,637	$ (5,678,262)	$ (46,789)	$ (24,405,425)
Total trading results	(7,181,231)	23,894,829	(992,442)	97,555,717
Net income (loss)	(6,546,594)	18,216,567	(1,039,231)	73,150,292
Transtrend Master [Member]
Investment Holdings [Line Items]
Net Investment Income (Loss)	409,976	(403,386)	480,013	(4,287,063)
Total trading results	(183,946)	2,371,576	9,633,035	23,849,664
Net income (loss)	226,030	1,968,190	10,113,048	19,562,601
NL Master [Member]
Investment Holdings [Line Items]
Net Investment Income (Loss)	490,050	162,938	1,294,937	140,150
Total trading results	(1,810,673)	2,109,657	(5,302,980)	15,876,257
Net income (loss)	(1,320,623)	2,272,595	(4,008,043)	16,016,407
Drakewood Master [Member]
Investment Holdings [Line Items]
Net Investment Income (Loss)	376,530	103,477	1,018,482	97,288	[1]
Total trading results	(414,050)	458,651	(2,157,325)	(1,671,264)	[1]
Net income (loss)	$ (37,520)	$ 562,128	$ (1,138,843)	$ (1,573,976)	[1]
[1]From May 1, 2022, commencement of operations for Drakewood Master, through September 30, 2022.

Investment in the Funds - Partn

Investment in the Funds - Partnership's Investments in, and Partnership's Pro Rata Share of Results of Operations of Funds (Detail) - USD ($)		3 Months Ended		9 Months Ended
		Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022		Dec. 31, 2022
Investment Holdings [Line Items]
% of Partners' Capital		37.60%		37.60%			34.80%
Fair Value	[1]	$ 139,214,152		$ 139,214,152			$ 133,277,060
Income (Loss)		(7,181,231)	$ 23,894,829	(992,442)	$ 97,555,717
Expenses, Clearing Fees		608,699	321,692	1,877,361	1,342,260
Expenses, Professional Fees		207,339	247,377	632,253	724,057
Management fees		826,146	939,482	2,559,607	2,491,141
Net income (loss)		$ (6,546,594)	18,216,567	$ (1,039,231)	73,150,292
Drakewood Master [Member]
Investment Holdings [Line Items]
% of Partners' Capital		8.74%		8.74%			7.77%
Fair Value		$ 32,363,543		$ 32,363,543			$ 29,751,951
Income (Loss)		(414,050)	458,651	(2,157,325)	(1,671,264)	[2]
Net income (loss)		$ (37,520)	562,128	$ (1,138,843)	(1,573,976)	[2]
Transtrend Master [Member]
Investment Holdings [Line Items]
% of Partners' Capital		20.67%		20.67%			18.56%
Fair Value		$ 76,522,942		$ 76,522,942			$ 71,102,465
Income (Loss)		(183,946)	2,371,576	9,633,035	23,849,664
Net income (loss)		$ 226,030	1,968,190	$ 10,113,048	19,562,601
NL Master [Member]
Investment Holdings [Line Items]
% of Partners' Capital		8.19%		8.19%			8.47%
Fair Value		$ 30,327,667		$ 30,327,667			$ 32,422,644
Income (Loss)		(1,810,673)	2,109,657	(5,302,980)	15,876,257
Net income (loss)		(1,320,623)	2,272,595	(4,008,043)	16,016,407
Investment In Funds [Member] | Commodity [Member]
Investment Holdings [Line Items]
Income (Loss)		(399,998)	4,832,628	8,048,903	34,934,236
Expenses, Clearing Fees		156,601	133,659	516,272	433,358
Expenses, Professional Fees		40,242	46,221	122,362	114,738
Management fees		161,083	168,748	476,298	508,670
Incentive Fee		0	387,916	403,868	3,725,528
Net income (loss)		(757,924)	4,096,084	6,530,103	30,151,942
Investment In Funds [Member] | Commodity [Member] | Drakewood Master [Member]
Investment Holdings [Line Items]
Income (Loss)		31,462	440,415	(511,490)	(1,069,693)
Expenses, Clearing Fees		49,178	27,175	138,108	48,979
Expenses, Professional Fees		10,642	17,969	33,445	30,257
Net income (loss)		$ (28,358)	$ 395,271	$ (683,043)	$ (1,148,929)
Investment Objective		Commodity Portfolio	Commodity Portfolio	Commodity Portfolio	Commodity Portfolio
Redemptions Permitted		Monthly	Monthly	Monthly	Monthly
Investment In Funds [Member] | Commodity [Member] | Transtrend Master [Member]
Investment Holdings [Line Items]
Income (Loss)		$ 497,310	$ 2,634,825	$ 11,381,655	$ 24,184,862
Expenses, Clearing Fees		92,247	92,888	334,524	336,980
Expenses, Professional Fees		17,950	17,083	53,919	51,083
Management fees		161,083	168,748	476,298	508,670
Incentive Fee		0	387,916	403,868	3,725,528
Net income (loss)		$ 226,030	$ 1,968,190	$ 10,113,046	$ 19,562,601
Investment Objective		Commodity Portfolio	Commodity Portfolio	Commodity Portfolio	Commodity Portfolio
Redemptions Permitted		Monthly	Monthly	Monthly	Monthly
Investment In Funds [Member] | Commodity [Member] | NL Master [Member]
Investment Holdings [Line Items]
Income (Loss)		$ (928,770)	$ 1,757,388	$ (2,821,262)	$ 11,819,067
Expenses, Clearing Fees		15,176	13,596	43,640	47,399
Expenses, Professional Fees		11,650	11,169	34,998	33,398
Net income (loss)		$ (955,596)	$ 1,732,623	$ (2,899,900)	$ 11,738,270
Investment Objective		Commodity Portfolio	Commodity Portfolio	Commodity Portfolio	Commodity Portfolio
Redemptions Permitted		Monthly	Monthly	Monthly	Monthly
[1]Defined in Note 1.[2]From May 1, 2022, commencement of operations for Drakewood Master, through September 30, 2022.

Financial Instrument Risks - Ad

Financial Instrument Risks - Additional Information (Detail)	9 Months Ended
	Sep. 30, 2023
Concentration Risk [Line Items]
Financial instruments maturity period	1 year
Minimum [Member] | Credit Concentration Risk [Member] | Partnership's/Funds' Contracts [Member] | Over the Counter [Member]
Concentration Risk [Line Items]
Concentration risk percentage	0.90%
Maximum [Member] | Credit Concentration Risk [Member] | Partnership's/Funds' Contracts [Member] | Over the Counter [Member]
Concentration Risk [Line Items]
Concentration risk percentage	2.30%