v3.26.1
Statements of Operations - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Gain (loss) on trading of commodity futures and swap contracts:        
Realized gain (loss) on closed commodity futures contracts $ (12,862,785) $ (41,974,320) $ 118,609,712 $ 186,693,689
Realized gain (loss) on swap contracts 191,501 (61,483,540) (5,164,131) (5,978,323)
Change in unrealized gain (loss) on open commodity futures contracts 25,624,373 (21,350,410) 6,650,612 (100,571,249)
Change in unrealized gain (loss) on open OTC commodity swap contracts (14) 450 29 1,024
Dividend income 2,548,083 1,859,543 5,116,996 5,425,956
Interest income 1,294,530 1,580,579 2,769,670 3,747,466
ETF transaction fees 20,650 73,000 57,750 141,000
Total Income (Loss) 16,816,338 (121,294,698) 128,040,638 89,459,563
Expenses        
General Partner management fees (Note 3) 713,948 562,143 1,457,780 1,468,091
Professional fees 381,587 322,946 660,814 935,372
Brokerage commissions 276,730 167,178 674,023 466,776
Directors' fees and insurance 38,136 15,102 124,430 66,141
License fees 17,849 14,054 36,445 36,703
Registration fees   43,017   85,562
Total Expenses 1,428,250 1,124,440 2,953,492 3,058,645
Net Income (Loss) $ 15,388,088 $ (122,419,138) $ 125,087,146 $ 86,400,918
Net Income (Loss) per limited partner share $ 0.08 $ (6.23) $ (0.42) $ (1.54)
Net Income (Loss) per weighted average limited partner share $ 0.36 $ (5.61) $ 2.99 $ 3.21
Weighted average limited partner shares outstanding 42,665,883 21,837,214 41,899,142 26,912,401