Investment in the Funds (Tables)

6 Months Ended

Jun. 30, 2026

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:


		June 30, 2026
		Total Assets				Total Liabilities				Total Capital
Transtrend Master		$	56,459,198			$	177,993			$	56,281,205
Drakewood Master			44,934,271				16,024,753				28,909,518


		December 31, 2025
		Total Assets				Total Liabilities				Total Capital
Transtrend Master		$	57,083,521			$	956,093			$	56,127,428
Drakewood Master			40,290,634				6,443,067				33,847,567

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 June 30, 2026
		Net Investment Income (Loss)				Total Trading Results				Net Income (Loss)
Transtrend Master		$	124,815			$	(1,964,807	)		$	(1,839,992	)
Drakewood Master			211,121				(1,939,071	)			(1,727,950	)


		For the six months ended June 30, 2026
		Net Investment Income (Loss)				Total Trading Results				Net Income (Loss)
Transtrend Master		$	212,444			$	860,448			$	1,072,892
Drakewood Master			466,210				213,557				679,767


		For the three months ended June 30, 2025
		Net Investment Income (Loss)				Total Trading Results				Net Income (Loss)
Transtrend Master		$	116,562			$	(4,730,512	)		$	(4,613,950	)
Drakewood Master			81,691				(3,778,222	)			(3,696,531	)


		For the six months ended June 30, 2025
		Net Investment Income (Loss)				Total Trading Results				Net Income (Loss)
Transtrend Master		$	285,104			$	(11,470,154	)		$	(11,185,050	)
Drakewood Master			249,335				1,507,729				1,757,064

Partnership's Investments in, and Partnership's Pro Rata Share of Results of Operations of Funds

Summar

ize

d information reflecting the Partnership’s investments in and the Partnership’s pro–rata share of the results of operations of the Funds are shown in the following tables:


		June 30, 2026								For the three months ended June 30, 2026																								Investment Objective				Redemptions Permitted
		% of Partners’ Capital				Fair Value				Income (Loss)				Expenses																Net Income (Loss)
Funds		% of Partners’ Capital				Fair Value				Income (Loss)				Clearing Fees				Professional Fees				Management Fees				Incentive Fee				Net Income (Loss)
Transtrend Master			24.32	%		$	56,281,205			$	(1,606,857	)		$	91,241			$	18,643			$	123,251			$	–			$	(1,839,992	)			Commodity Portfolio				Monthly
Drakewood Master			9.38	%			21,712,514				(1,108,831	)			60,982				12,699				–				–				(1,182,512	)			Commodity Portfolio				Monthly

Total						$	77,993,719			$	(2,715,688	)		$	152,223			$	31,342			$	123,251			$	–			$	(3,022,504	)


		June 30, 2026								For the six months ended June 30, 2026																								Investment Objective				Redemptions Permitted
		% of Partners’ Capital				Fair Value				Income (Loss)				Expenses																Net Income (Loss)
Funds		% of Partners’ Capital				Fair Value				Income (Loss)				Clearing Fees				Professional Fees				Management Fees				Incentive Fee				Net Income (Loss)
Transtrend Master			24.32	%		$	56,281,205			$	1,554,492			$	199,667			$	37,703			$	244,230			$	–			$	1,072,892				Commodity Portfolio				Monthly
Drakewood Master			9.38	%			21,712,514				518,751				102,276				25,455				–				–				391,020				Commodity Portfolio				Monthly

Total						$	77,993,719			$	2,073,243			$	301,943			$	63,158			$	244,230			$	–			$	1,463,912


		December 31, 2025								For the three months ended June 30, 2025																								Investment Objective				Redemptions Permitted
		% of Partners’ Capital				Fair Value				Income (Loss)				Expenses																Net Income (Loss)
Funds		% of Partners’ Capital				Fair Value				Income (Loss)				Clearing Fees				Professional Fees				Management Fees				Incentive Fee				Net Income (Loss)
Transtrend Master			24.22	%		$	56,127,428			$	(4,369,746	)		$	113,188			$	19,060			$	111,956			$	–			$	(4,613,950	)			Commodity Portfolio				Monthly
Drakewood Master			9.49	%			21,999,584				(2,184,025	)			80,765				11,813				–				–				(2,276,603	)			Commodity Portfolio				Monthly

Total						$	78,127,012			$	(6,553,771	)		$	193,953			$	30,873			$	111,956			$	–			$	(6,890,553	)


		December 31, 2025								For the six months ended June 30, 2025																								Investment Objective				Redemptions Permitted
		% of Partners’ Capital				Fair Value				Income (Loss)				Expenses																Net Income (Loss)
Funds		% of Partners’ Capital				Fair Value				Income (Loss)				Clearing Fees				Professional Fees				Management Fees				Incentive Fee				Net Income (Loss)
Transtrend Master			24.22	%		$	56,127,428			$	(10,631,598	)		$	254,568			$	38,120			$	260,764			$	–			$	(11,185,050	)			Commodity Portfolio				Monthly
Drakewood Master			9.49	%			21,999,584				1,192,793				163,894				23,281				–				–				1,005,618				Commodity Portfolio				Monthly

Total						$	78,127,012			$	(9,438,805	)		$	418,462			$	61,401			$	260,764			$	–			$	(10,179,432	)