v3.26.1
DERIVATIVE INSTRUMENTS (Tables) - Millburn Multi Markets Trading L P [Member]
 6 Months Ended
Jun. 30, 2026
Derivative Instruments, Gain (Loss) [Line Items]  
Schedule of Fair Value of Futures and Forward Currency Contracts

Fair value of futures and forward currency contracts at June 30, 2026

Fair Value - Long Positions

Fair Value - Short Positions

Net Unrealized

Unrealized

Unrealized

Unrealized

Unrealized

Gain (Loss) on

Sector

Gains

Losses

Gains

Losses

Open Positions

Futures contracts:

Currencies

$

14,421 

$

(84,397)

$

314,447 

$

(6,946)

$

237,525 

Energies

33,145 

(25,450)

152,072 

(237,890)

(78,123)

Grains

-

-

353,946 

(84,531)

269,415 

Interest rates

1,215,453 

(405,034)

342,554 

(477,973)

675,000 

Livestock

6,430 

(300)

29,160 

(60)

35,230 

Metals

340,403 

(3,853,681)

2,655,334 

(461,439)

(1,319,383)

Softs

16,733 

(7,669)

5,000 

(88,305)

(74,241)

Stock indices

214,088 

(128,896)

62,779 

(570,392)

(422,421)

Total futures contracts

1,840,673

(4,505,427)

3,915,292 

(1,927,536)

(676,998)

Forward currency contracts

439,751

(10,337,050)

14,793,535 

(200,539)

4,695,697 

Total futures and forward currency contracts

$

2,280,424

$

(14,842,477)

$

18,708,827

$

(2,128,075)

$

4,018,699 

Fair value of futures and forward currency contracts at December 31, 2025

Fair Value - Long Positions

Fair Value - Short Positions

Net Unrealized

Unrealized

Unrealized

Unrealized

Unrealized

Gain (Loss) on

Sector

Gains

Losses

Gains

Losses

Open Positions

Futures contracts:

Currencies

$

21,519 

$

(6,974)

$

16,018 

$

(14,640)

$

15,923 

Energies

130,648 

(363,960)

240,120 

(2,644)

4,164 

Grains

-

(27,402)

670,788 

(5,788)

637,598 

Interest rates

291,569 

(57,341)

222,273 

(315,309)

141,192 

Livestock

-

-

1,760 

(33,810)

(32,050)

Metals

3,082,565 

(158,376)

87,886 

(1,874,603)

1,137,472 

Softs

20,048 

(12,729)

28,952 

(24,846)

11,425 

Stock indices

721,043 

(594,900)

66,810 

(147,034)

45,919 

Total futures contracts

4,267,392

(1,221,682)

1,334,607 

(2,418,674)

1,961,643 

Forward currency contracts

4,337,732 

(1,095,934)

665,898 

(2,519,154)

1,388,542 

Total futures and forward currency contracts

$

8,605,124

$

(2,317,616)

$

2,000,505

$

(4,937,828)

$

3,350,185 
Schedule of Trading Gains (Losses) of Futures and Forward Currency Contracts

Three months

Three months

Six months

Six months

ended:

ended:

ended:

ended:

June 30

June 30

June 30

June 30

Sector

2026

2025

2026

2025

Futures contracts:

Currencies

$

1,071,897

$

(241,125)

$

1,031,106

$

(2,077,421)

Energies

(5,847,347)

(4,784,908)

2,892,254

(1,901,094)

Grains

1,027,764

242,171

(134,993)

(276,993)

Interest rates

(4,191,917)

502,920

12,152,702

1,667,948

Livestock

152,590

137,630

147,970

54,950

Metals

(1,802,123)

306,352

5,043,618

4,697,074

Softs

(537,297)

(455,626)

(855,665)

56,687

Stock indices

(377,455)

877,476

5,383,663

(964,032)

Total futures contracts

(10,503,888)

(3,415,110)

25,660,655

1,257,119

Forward currency contracts

6,496,760

468,824

10,429,814

(4,754,461)

Total futures and forward currency contracts

$

(4,007,128)

$

(2,946,286)

$

36,090,469

$

(3,497,342)
Schedule of Monthly Average Future and Forward Currency Contracts

2026

2025

Average bought

42,961

49,941

Average sold

41,069

55,729

Average notional (in billions)

$

4.0

$

3.5
Schedule of Offsetting Derivative Assets and Liabilities

Offsetting of derivative assets and liabilities at June 30, 2026

Gross amounts

Net amounts of

offset in the

assets presented in

Gross amounts of

Statements of

the Statements of

Assets

recognized assets

Financial Condition

Financial Condition

Futures contracts

Counterparty J

$

628,342 

$

(618,265)

$

10,077 

Forward currency contracts

Counterparty G

$

5,139,786 

(2,525,755)

2,614,031 

Counterparty K

10,093,500 

(8,011,834)

2,081,666 

Total forward currency contracts

15,233,286 

(10,537,589)

4,695,697 

Total assets

$

15,861,628 

$

(11,155,854)

$

4,705,774 

Gross amounts

Net amounts of

offset in the

liabilities presented in

Gross amounts of

Statements of

the Statements of

Liabilities

recognized liabilities

Financial Condition

Financial Condition

Futures contracts

Counterparty C

$

343,157 

$

(203,177)

$

139,980 

Counterparty L

5,471,539 

(4,924,444)

547,095 

Total futures contracts

5,814,696 

(5,127,621)

687,075 

Total liabilities

$

5,814,696 

$

(5,127,621)

$

687,075 


‎

Amounts Not Offset in the Statements of Financial Condition

Net amounts of

Assets

presented in the

Counterparty

Statements of Financial

Financial

Collateral

Condition

Instruments

Received(1)(2)

Net Amount(3)

Counterparty G

$

2,614,031 

$

-

$

$

2,614,031 

Counterparty J

10,077 

-

(10,077)

-

Counterparty K

2,081,666 

-

-

2,081,666 

Total

$

4,705,774 

$

-

$

(10,077)

$

4,695,697 

Amounts Not Offset in the Statements of Financial Condition

Net amounts of

Liabilities

presented in the

Counterparty

Statements of Financial

Financial

Collateral

Condition

Instruments

Pledged(1)(2)

Net Amount(4)

Counterparty C

$

139,980 

$

-

$

(139,980)

$

-

Counterparty L

547,095 

-

(547,095)

-

Total

$

687,075 

$

-

$

(687,075)

$

-

(1) Collateral received includes trades made on exchanges. These trades are subject to central counterparty clearing where

settlement is guaranteed by the exchange. Collateral pledged, if any, includes both cash and U.S. Treasury notes held at each

respective counterparty.

(2) Collateral disclosed is limited to an amount not to exceed 100% of the net amount of assets and liabilities presented in the

Statements of Financial Condition, for each respective counterparty.

(3) Net amount represents the amount that is subject to loss in the event of a counterparty failure as of June 30, 2026.


‎

Offsetting of derivative assets and liabilities at December 31, 2025

Gross amounts

Net amounts of

offset in the

assets presented in

Gross amounts of

Statements of

the Statements of

Assets

recognized assets

Financial Condition

Financial Condition

Futures contracts

Counterparty J

$

665,355 

$

(302,647)

$

362,708 

Counterparty L

4,820,067 

(2,982,101)

1,837,966 

Total futures contracts

5,485,422 

(3,284,748)

2,200,674 

Forward currency contracts

Counterparty K

3,424,714 

(2,010,027)

1,414,687 

Total assets

$

8,910,136 

$

(5,294,775)

$

3,615,361 

Gross amounts

Net amounts of

offset in the

liabilities presented in

Gross amounts of

Statements of

the Statements of

Liabilities

recognized liabilities

Financial Condition

Financial Condition

Futures contracts

Counterparty C

$

355,608 

$

(116,577)

$

239,031 

Forward currency contracts

Counterparty G

1,605,061 

(1,578,916)

26,145 

Total liabilities

$

1,960,669 

$

(1,695,493)

$

265,176 


‎

Amounts Not Offset in the Statements of Financial Condition

Net amounts of

Assets

presented in the

Counterparty

Statements of Financial

Financial

Collateral

Condition

Instruments

Received(1)(2)

Net Amount(3)

Counterparty J

$

362,708 

$

-

$

(362,708)

$

-

Counterparty L

1,837,966 

-

(1,837,966)

-

Counterparty K

1,414,687 

-

-

1,414,687 

Total

$

3,615,361 

$

-

$

(2,200,674)

$

1,414,687 

Amounts Not Offset in the Statements of Financial Condition

Net amounts of

Liabilities

presented in the

Counterparty

Statements of Financial

Financial

Collateral

Condition

Instruments

Pledged(1)(2)

Net Amount(4)

Counterparty C

$

239,031 

$

-

$

(239,031)

$

-

Counterparty G

26,145 

-

(26,145)

-

Total

$

265,176 

$

-

$

(265,176)

$

-

(1) Collateral received includes trades made on exchanges. These trades are subject to central counterparty clearing where

settlement is guaranteed by the exchange. Collateral pledged includes both cash and U.S. Treasury notes held at each

respective counterparty.

(2) Collateral disclosed is limited to an amount not to exceed 100% of the net amount of liabilities presented in the Statements

of Financial Condition, for each respective counterparty.

(3) Net amount represents the amount that is subject to loss in the event of a counterparty failure as of December 31, 2025.

(4) Net amount represents the amounts owed by the Master Fund to each counterparty as of December 31, 2025.