v3.25.2
Trading Activities - Summary of Valuation of Investments (Detail) - USD ($)
Jun. 30, 2025
Dec. 31, 2024
Derivative [Line Items]    
Gross Amounts Recognized, Assets $ 3,431,669 $ 4,709,256
Gross Amounts Offset in the Statements of Financial Condition, Assets (2,791,057) (4,709,256)
Amounts Presented in the Statements of Financial Condition, Assets 640,612 0
Financial Instruments, Assets 0 0
Cash Collateral Received/Pledged, Assets [1] 0 0
Net Amount, Assets 640,612 0
Gross Amounts Recognized, Liabilities (2,869,755) (5,108,121)
Gross Amounts Offset in the Statements of Financial Condition, Liabilities 2,791,057 4,709,256
Amounts Presented in the Statements of Financial Condition, Liabilities (78,698) (398,865)
Financial Instruments, Liabilities 0 0
Cash Collateral Received/Pledged, Liabilities [1] 78,698 398,865
Net Amount, Liabilities 0 0
Net fair value [1] 640,612 0
Futures [Member]    
Derivative [Line Items]    
Gross Amounts Recognized, Assets 2,568,558 3,546,893
Gross Amounts Offset in the Statements of Financial Condition, Assets (1,927,946) (3,546,893)
Amounts Presented in the Statements of Financial Condition, Assets 640,612 0
Financial Instruments, Assets 0 0
Cash Collateral Received/Pledged, Assets [1] 0 0
Net Amount, Assets 640,612 0
Gross Amounts Recognized, Liabilities (1,927,946) (3,747,830)
Gross Amounts Offset in the Statements of Financial Condition, Liabilities 1,927,946 3,546,893
Amounts Presented in the Statements of Financial Condition, Liabilities 0 (200,937)
Financial Instruments, Liabilities 0 0
Cash Collateral Received/Pledged, Liabilities [1] 0 200,937
Net Amount, Liabilities 0 0
Forwards [Member]    
Derivative [Line Items]    
Gross Amounts Recognized, Assets 863,111 1,162,363
Gross Amounts Offset in the Statements of Financial Condition, Assets (863,111) (1,162,363)
Amounts Presented in the Statements of Financial Condition, Assets 0 0
Financial Instruments, Assets 0 0
Cash Collateral Received/Pledged, Assets [1] 0 0
Net Amount, Assets 0 0
Gross Amounts Recognized, Liabilities (941,809) (1,360,291)
Gross Amounts Offset in the Statements of Financial Condition, Liabilities 863,111 1,162,363
Amounts Presented in the Statements of Financial Condition, Liabilities (78,698) (197,928)
Financial Instruments, Liabilities 0 0
Cash Collateral Received/Pledged, Liabilities [1] 78,698 197,928
Net Amount, Liabilities $ 0 $ 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.