10-Q

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 10-Q

(Mark One)

☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended September 30, 2016

OR

☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from                      to                     

Commission File number: 000-51634

SUPERFUND GREEN, L.P.

(Exact name of registrant as specified in charter)

Delaware	98-0375395
(State or other jurisdiction of incorporation or organization)	(I.R.S. Employer Identification No.)
Superfund Office Building P.O. Box 1479 Grand Anse St. George’s, Grenada West Indies	Not applicable
(Address of principal executive offices)	(Zip Code)

(473) 439-2418

(Registrant’s telephone number, including area code)

Not applicable

(Former name, former address and former fiscal year, if changed since last report)

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.    Yes  ☒    No  ☐

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).    Yes  ☒    No  ☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act.

Large Accelerated Filer	☐	Accelerated Filer	☐
Non-Accelerated Filer	☐  (Do not check if a smaller reporting company)	Smaller Reporting Company	☒

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).    Yes  ☐    No  ☒

PART I - FINANCIAL INFORMATION

ITEM 1. FINANCIAL STATEMENTS

The following unaudited financial statements of Superfund Green, L.P., Superfund Green, L.P. Series A and Superfund Green, L.P. Series B are included in Item 1:

	Page
Financial Statements: Superfund Green, L.P.
Statements of Assets and Liabilities as of September 30, 2016 (unaudited) and December 31, 2015		3
Unaudited Condensed Schedule of Investments as of September 30, 2016		4
Condensed Schedule of Investments as of December 31, 2015		5
Unaudited Statements of Operations for the Three and Nine Months Ended September 30, 2016 and September 30, 2015		6
Unaudited Statements of Changes in Net Assets for the Nine Months Ended September 30, 2016 and September 30, 2015		7
Unaudited Statements of Cash Flows for the Nine Months Ended September 30, 2016 and September 30, 2015		8
Financial Statements: Superfund Green, L.P. – Series A
Statements of Assets and Liabilities as of September 30, 2016 (unaudited) and December 31, 2015		9
Unaudited Condensed Schedule of Investments as of September 30, 2016		10
Condensed Schedule of Investments as of December 31, 2015		11
Unaudited Statements of Operations for the Three and Nine Months Ended September 30, 2016 and September 30, 2015		12
Unaudited Statements of Changes in Net Assets for the Nine Months Ended September 30, 2016 and September 30, 2015		13
Unaudited Statements of Cash Flows for the Nine Months Ended September 30, 2016 and September 30, 2015		14
Financial Statements: Superfund Green, L.P. – Series B
Statements of Assets and Liabilities as of September 30, 2016 (unaudited) and December 31, 2015		15
Unaudited Condensed Schedule of Investments as of September 30, 2016		16
Condensed Schedule of Investments as of December 31, 2015		17
Unaudited Statements of Operations for the Three and Nine Months Ended September 30, 2016 and September 30, 2015		18
Unaudited Statements of Changes in Net Assets for the Nine Months Ended September 30, 2016 and September 30, 2015		19
Unaudited Statements of Cash Flows for the Nine Months Ended September 30, 2016 and September 30, 2015		20
Notes to Unaudited Financial Statements		21-40

2

SUPERFUND GREEN, L.P.

STATEMENTS OF ASSETS AND LIABILITIES

as of September 30, 2016 and December 31, 2015

	September 30, 2016 (unaudited)		December 31, 2015
ASSETS
Due from brokers	$	6,388,582	$	6,518,057
Unrealized appreciation on open forward contracts		31,250		—
Unrealized gain on futures contracts purchased		493,553		492,943
Unrealized gain on futures contracts sold		163,652		763,283
Cash		6,139,402		9,619,391
Total assets		13,216,439		17,393,674
LIABILITIES
Unrealized depreciation on open forward contracts		25,255		—
Unrealized loss on futures contracts purchased		182,924		409,599
Unrealized loss on futures contracts sold		370,264		676,201
Redemptions payable		460,364		331,265
Management fees payable		19,539		25,212
Fees payable		7,594		10,657
Total liabilities		1,065,940		1,452,934
NET ASSETS	$	12,150,499	$	15,940,740

See accompanying notes to financial statements.

3

SUPERFUND GREEN, L.P.

UNAUDITED CONDENSED SCHEDULE OF INVESTMENTS

as of September 30, 2016

	Percentage of Net Assets			Fair Value
Forward contracts, at fair value
Unrealized appreciation on open forward contracts
Currency		0.3	%	$	31,250
Total unrealized appreciation on forward contracts		0.3			31,250
Unrealized depreciation on open forward contracts
Currency		(0.2	)		(25,255	)
Total unrealized depreciation on forward contracts		(0.2	)		(25,255	)
Total forward contracts, at fair value		0.1	%	$	5,995
Futures contracts purchased
Currency		0.5	%	$	59,940
Energy		0.1			14,196
Financial		1.0	*		123,763
Food & Fiber		(0.4	)		(49,204	)
Indices		0.8			99,483
Metals		0.5			62,451
Total futures contracts purchased		2.6			310,629
Futures contracts sold
Currency		(0.0	)**		(2,226	)
Energy		(0.3	)		(38,085	)
Financial		(0.2	)		(29,692	)
Food & Fiber		0.2			29,019
Indices		(0.0	)**		(3,291	)
Livestock		0.4			43,170
Metals		(1.7	)*		(205,507	)
Total futures contracts sold		(1.6	)		(206,612	)
Total futures contracts, at fair value		0.9	%	$	104,017
Futures and forward contracts by country composition
Australia		0.5	%	$	60,436
Canada		0.3			31,648
European Monetary Union		(0.0	)**		(354	)
Great Britain		(0.0	)**		(3,088	)
Japan		0.0	**		5,087
United States		0.5			60,136
Other		(0.4	)		(43,853	)
Total futures and forward contracts by country composition		0.9	%	$	110,012

* No individual contract position constituted one percent or greater of net assets. Accordingly, the number of contracts and expiration dates are not presented.

** Due to rounding – amount is less than 0.05%

See accompanying notes to financial statements.

4

SUPERFUND GREEN, L.P.

CONDENSED SCHEDULE OF INVESTMENTS

as of December 31, 2015

	Percentage of Net Assets			Fair Value
Futures Contracts Purchased
Currency		(0.3	)%	$	(47,858	)
Energy		0.2			30,576
Financial		0.5			74,365
Food & Fiber		(0.7	)		(112,208	)
Indices		0.6			98,500
Livestock		0.1			17,990
Metals		0.1			21,979
Total futures contracts purchased		0.5			83,344
Futures Contracts Sold
Currency		(0.3	)		(51,265	)
Energy		0.5			84,392
Financial		(0.2	)		(34,788	)
Food & Fiber		0.9			142,350
Indices		0.5			78,026
Livestock		(0.1	)		(20,560	)
Metals		(0.7	)		(111,073	)
Total futures contracts sold		0.6			87,082
Total futures contracts, at fair value		1.1	%	$	170,426
Futures Contracts by Country Composition
Australia		0.1	%	$	15,095
Canada		0.3			47,097
European Monetary Union		0.1			18,363
Great Britain		(0.3	)		(48,659	)
Japan		0.6			88,051
United States		0.1			14,103
Other		0.2			36,376
Total futures contracts by country composition		1.1	%	$	170,426

See accompanying notes to financial statements.

5

SUPERFUND GREEN, L.P.

UNAUDITED STATEMENTS OF OPERATIONS

	Three Months Ended September 30,						Nine Months Ended September 30,
	2016			2015			2016			2015
Investment Income
Interest income	$	1,233		$	340		$	3,960		$	1,115
Other income		—			—			—			—
Total investment income		1,233			340			3,960			1,115
Expenses
Selling commission		134,200			169,657			430,730			574,617
Brokerage commissions		47,937			66,393			185,223			202,812
Management fee		62,068			78,466			199,214			265,760
Operating expenses		5,032			6,362			16,152			21,549
Other		8,625			7,883			25,715			27,550
Total expenses		257,862			328,761			857,034			1,092,288
Net investment loss	$	(256,629	)	$	(328,421	)	$	(853,074	)	$	(1,091,173	)
Realized and change in unrealized gain (loss) on investments
Net change in realized gain (loss) on futures and forward contracts	$	488,261		$	(835,551	)	$	(801,820	)	$	(191,439	)
Net change in unrealized appreciation (depreciation) on futures and forward contracts		(339,674	)		140,109		$	(60,414	)		(692,007	)
Net gain (loss) on investments	$	148,587		$	(695,442	)	$	(862,234	)	$	(883,446	)
Net decrease in net assets from operations	$	(108,042	)	$	(1,023,863	)	$	(1,715,308	)	$	(1,974,619	)

See accompanying notes to financial statements.

6

SUPERFUND GREEN, L.P.

UNAUDITED STATEMENTS OF CHANGES IN NET ASSETS

	Nine Months Ended September 30,
	2016			2015
Decrease in net assets from operations
Net investment loss	$	(853,074	)	$	(1,091,173	)
Net realized loss on futures and forward contracts		(801,820	)		(191,439	)
Net change in unrealized depreciation on futures and forward contracts		(60,414	)		(692,007	)
Net decrease in net assets from operations		(1,715,308	)		(1,974,619	)
Capital share transactions
Issuance of Units		349,704			460,968
Redemption of Units		(2,424,637	)		(3,161,814	)
Net decrease in net assets from capital share transactions		(2,074,933	)		(2,700,846	)
Net decrease in net assets		(3,790,241	)		(4,675,465	)
Net assets, beginning of period		15,940,740			20,602,511
Net assets, end of period	$	12,150,499		$	15,927,046

See accompanying notes to financial statements.

7

SUPERFUND GREEN, L.P.

UNAUDITED STATEMENTS OF CASH FLOWS

	Nine Months Ended September 30,
	2016			2015
Cash flows from operating activities
Net increase (decrease) in net assets from operations	$	(1,715,308	)	$	(1,974,619	)
Adjustment to reconcile net increase (decrease) in net assets from operations to net cash provided by (used in) operating activities:
Changes in operating assets and liabilities:
Decrease in due from brokers		129,475			3,246,988
(Increase) decrease in futures contracts purchased		(227,285	)		623,114
Decrease in unrealized appreciation on open forward contracts		(31,250	)		—
Increase (decrease) in futures contracts sold		293,694			68,896
Increase in unrealized depreciation on open forward contracts		25,255
Decrease in management fees payable		(5,673	)		(8,442	)
Decrease in fees payable		(3,063	)		(3,778	)
Net cash provided by (used in) operating activities		(1,534,155	)		1,952,159
Cash flows from financing activities
Subscriptions, net of change in advanced subscriptions		349,704			460,968
Redemptions, net of change in redemptions payable		(2,295,538	)		(3,935,082	)
Net cash used in financing activities		(1,945,834	)		(3,474,114	)
Net increase (decrease) in cash		(3,479,989	)		(1,521,955	)
Cash, beginning of period		9,619,391			12,702,894
Cash, end of period	$	6,139,402		$	11,180,939

See accompanying notes to financial statements.

8

SUPERFUND GREEN, L.P. – SERIES A

STATEMENTS OF ASSETS AND LIABILITIES

as of September 30, 2016 and December 31, 2015

	September 30, 2016 (unaudited)		December 31, 2015
ASSETS
Due from brokers	$	2,588,869	$	2,645,491
Unrealized appreciation on open forward contracts		9,768		—
Unrealized gain on futures contracts purchased		185,190		200,964
Unrealized gain on futures contracts sold		60,596		297,768
Cash		3,600,460		5,412,560
Total assets		6,444,883		8,556,783
LIABILITIES
Unrealized depreciation on open forward contracts		6,970		—
Unrealized loss on futures contracts purchased		67,463		166,748
Unrealized loss on futures contracts sold		152,752		271,057
Redemptions payable		343,090		231,618
Management fees payable		9,610		12,549
Fees payable		5,502		7,302
Total liabilities		585,387		689,274
NET ASSETS	$	5,859,496	$	7,867,509
Number of Units outstanding		5,374.485		6,436.862
Net Asset Value per Unit	$	1,090.24	$	1,222.26

See accompanying notes to financial statements.

9

SUPERFUND GREEN, L.P. – SERIES A

UNAUDITED CONDENSED SCHEDULE OF INVESTMENTS

as of September 30, 2016

	Percentage of Net Assets			Fair Value
Forward contracts, at fair value
Unrealized appreciation on open forward contracts
Currency		0.2	%	$	9,768
Total unrealized appreciation on forward contracts		0.2			9,768
Unrealized depreciation on open forward contracts
Currency		(0.1	)		(6,970	)
Total unrealized depreciation on forward contracts		(0.1	)		(6,970	)
Total forward contracts, at fair value		0.1	%	$	2,798
Futures contracts purchased
Currency		0.4	%	$	23,431
Energy		0.1			4,729
Financial		0.8			48,127
Food & Fiber		(0.3	)		(17,444	)
Indices		0.6			35,858
Metals		0.4			23,026
Total futures contracts purchased		2.0			117,727
Futures contracts sold
Currency		(0.0	)**		(1,141	)
Energy		(0.2	)		(14,288	)
Financial		(0.2	)		(10,623	)
Food & Fiber		0.1			4,334
Indices		(0.0	)**		(832	)
Livestock		0.1			15,350
Metals		(1.4	)*		(84,956	)
Total futures contracts sold		(1.6	)		(92,156	)
Total futures contracts, at fair value		0.4	%	$	25,571
Futures and forward contracts by country composition
Australia		0.4	%	$	23,523
Canada		0.2			14,398
European Monetary Union		(0.0	)**		(2,284	)
Great Britain		(0.0	)**		(1,232	)
Japan		(0.0	)**		(577	)
United States		0.2			9,044
Other		(0.2	)		(14,503	)
Total futures and forward contracts by country composition		0.6	%	$	28,369

* No individual contract position constituted one percent or greater of net assets. Accordingly, the number of contracts and expiration dates are not presented.

** Due to rounding – amount is less than 0.05%

See accompanying notes to financial statements.

10

SUPERFUND GREEN, L.P. – SERIES A

CONDENSED SCHEDULE OF INVESTMENTS

as of December 31, 2015

	Percentage of Net Assets			Fair Value
Futures contracts purchased
Currency		(0.3	)%	$	(19,819	)
Energy		0.2			14,733
Financial		0.4			30,416
Food & Fiber		(0.6	)		(47,034	)
Indices		0.5			40,447
Livestock		0.1			8,080
Metals		0.1			7,393
Total futures contracts purchased		0.4			34,216
Futures contracts sold
Currency		(0.2	)		(22,132	)
Energy		0.3			24,407
Financial		(0.1	)		(11,508	)
Food & Fiber		0.7			54,433
Indices		0.4			33,706
Livestock		(0.1	)		(7,490	)
Metals		(0.6	)		(44,705	)
Total futures contracts sold		0.4			26,711
Total futures contracts, at fair value		0.8	%	$	60,927
Futures Contracts by Country Composition
Australia		0.1	%	$	6,295
Canada		0.3			20,503
European Monetary Union		0.1			6,192
Great Britain		(0.2	)		(17,131	)
Japan		0.4			36,300
United States		(0.1	)		(5,803	)
Other		0.2			14,571
Total futures contracts by country composition		0.8	%	$	60,927

See accompanying notes to financial statements.

11

SUPERFUND GREEN, L.P. – SERIES A

UNAUDITED STATEMENTS OF OPERATIONS

	Three Months Ended September 30,						Nine Months Ended September 30,
	2016			2015			2016			2015
Investment Income
Interest income	$	516		$	101		$	1,675		$	379
Other income		—			—			—			—
Total investment income		516			101			1,675			379
Expenses
Selling commission		64,940			82,960			210,779			276,904
Brokerage commissions		18,229			25,570			72,245			73,604
Management fee		30,035			38,369			97,486			128,068
Operating expenses		2,435			3,111			7,904			10,384
Other		4,184			3,545			12,203			11,387
Total expenses		119,823			153,555			400,617			500,347
Net investment loss	$	(119,307	)	$	(153,454	)	$	(398,942	)	$	(499,968	)
Realized and change in unrealized gain (loss) on investments
Net change in realized gain (loss) on futures and forward contracts	$	195,654		$	(297,557	)	$	(386,405	)	$	(116,203	)
Net change in unrealized appreciation (depreciation) on futures and forward contracts		(135,928	)		34,114			(32,557	)		(258,781	)
Net gain (loss) on investments	$	59,726		$	(263,443	)	$	(418,962	)	$	(374,984	)
Net decrease in net assets from operations	$	(59,581	)	$	(416,897	)	$	(817,904	)	$	(874,952	)
Net decrease in net assets from operations per Unit (based upon weighted average number of units outstanding during period)*	$	(10.50	)	$	(61.92	)	$	(136.35	)	$	(122.06	)
Net decrease in net assets from operations per Unit (based upon change in net asset value per unit during period)*	$	(11.36	)	$	(59.92	)	$	(132.02	)	$	(127.51	)

* Weighted average number of Units outstanding for Series A for the three months ended September 30, 2016 and September 30, 2015: 5,673.76 and 6,732.97, respectively; and for the nine months ended September 30, 2016 and September 30, 2015: 5,998.73 and 7,168.34, respectively.

See accompanying notes to financial statements.

12

SUPERFUND GREEN, L.P. – SERIES A

UNAUDITED STATEMENTS OF CHANGES IN NET ASSETS

	Nine Months Ended September 30,
	2016			2015
Decrease in net assets from operations
Net investment loss	$	(398,942	)	$	(499,968	)
Net realized loss on futures and forward contracts		(386,405	)		(116,203	)
Net change in unrealized depreciation on futures and forward contracts		(32,557	)		(258,781	)
Net decrease in net assets from operations		(817,904	)		(874,952	)
Capital share transactions
Issuance of Units		158,812			206,542
Redemption of Units		(1,348,921	)		(1,345,454	)
Net decrease in net assets from capital share transactions		(1,190,109	)		(1,138,912	)
Net decrease in net assets		(2,008,013	)		(2,013,864	)
Net assets, beginning of period		7,867,509			9,901,436
Net assets, end of period	$	5,859,496		$	7,887,572
Units, beginning of period		6,436.862			7,713.806
Issuance of Units		136.965			161.490
Redemption of Units		(1,199.342	)		(1,052.668	)
Units, end of period		5,374.485			6,822.628

See accompanying notes to financial statements.

13

SUPERFUND GREEN, L.P. – SERIES A

UNAUDITED STATEMENTS OF CASH FLOWS

	Nine Months Ended September 30,
	2016			2015
Cash flows from operating activities
Net increase (decrease) in net assets from operations	$	(817,904	)	$	(874,952	)
Adjustment to reconcile net increase (decrease) in net assets from operations to net cash provided by (used in) operating activities:
Changes in operating assets and liabilities:
Decrease in due from brokers		56,622			1,297,092
(Increase) decrease in futures contracts purchased		(83,511	)		233,405
Decrease in unrealized appreciation on open forward contracts		(9,768	)		—
Increase (decrease) in futures contracts sold		118,867			25,378
Increase in unrealized depreciation on open forward contracts		6,970			—
Decrease in management fees payable		(2,939	)		(3,960	)
Decrease in fees payable		(1,800	)		(1,830	)
Net cash provided by (used in) operating activities		(733,463	)		675,133
Cash flows from financing activities
Subscriptions, net of change in advanced subscriptions		158,812			206,542
Redemptions, net of change in redemptions payable		(1,237,449	)		(1,887,536	)
Net cash used in financing activities		(1,078,637	)		(1,680,994	)
Net increase (decrease) in cash		(1,812,100	)		(1,005,861	)
Cash, beginning of period		5,412,560			7,217,637
Cash, end of period	$	3,600,460		$	6,211,776

See accompanying notes to financial statements.

14

SUPERFUND GREEN, L.P. – SERIES B

STATEMENTS OF ASSETS AND LIABILITIES

as of September 30, 2016 and December 31, 2015

	September 30, 2016 (unaudited)		December 31, 2015
ASSETS
Due from brokers	$	3,799,713	$	3,872,566
Unrealized appreciation on open forward contracts		21,482		—
Unrealized gain on futures contracts purchased		308,363		291,979
Unrealized gain on futures contracts sold		103,056		465,515
Cash		2,538,942		4,206,831
Total assets		6,771,556		8,836,891
LIABILITIES
Unrealized depreciation on open forward contracts		18,285		—
Unrealized loss on futures contracts purchased		115,461		242,851
Unrealized loss on futures contracts sold		217,512		405,144
Redemptions payable		117,274		99,647
Management fees payable		9,929		12,663
Fees payable		2,092		3,355
Total liabilities		480,553		763,660
NET ASSETS	$	6,291,003	$	8,073,231
Number of Units outstanding		5,117.083		5,799.188
Net Asset Value per Unit	$	1,229.41	$	1,392.13

See accompanying notes to financial statements.

15

SUPERFUND GREEN, L.P. – SERIES B

UNAUDITED CONDENSED SCHEDULE OF INVESTMENTS

as of September 30, 2016

	Percentage of Net Assets			Fair Value
Forward contracts, at fair value
Unrealized appreciation on open forward contracts
Currency		0.3	%	$	21,482
Total unrealized appreciation on forward contracts		0.3			21,482
Unrealized depreciation on open forward contracts
Currency		(0.3	)		(18,285	)
Total unrealized depreciation on forward contracts		(0.3	)		(18,285	)
Total forward contracts, at fair value		0.0	**%	$	3,197
Futures contracts purchased
Currency		0.6	%	$	36,509
Energy		0.2			9,467
Financial		1.2	*		75,636
Food & Fiber		(0.5	)		(31,760	)
Indices		1.0	*		63,625
Metals		0.6			39,425
Total futures contracts purchased		3.1			192,902
Futures contracts sold
Currency		(0.0	)**		(1,085	)
Energy		(0.4	)		(23,797	)
Financial		(0.3	)		(19,069	)
Food & Fiber		0.4			24,685
Indices		(0.0	)**		(2,459	)
Livestock		0.4			27,820
Metals
LME Aluminium expiring December 2016		(1.4	)		(89,650	)
Other		(0.5	)		(30,901	)
Total Metals		(1.9	)		(120,551	)
Total futures contracts sold		(1.8	)		(114,456	)
Total futures contracts, at fair value		1.2	%	$	78,446
Futures and forward contracts by country composition
Australia		0.6	%	$	36,913
Canada		0.3			17,250
European Monetary Union		0.0	**		1,930
Great Britain		(0.0	)**		(1,856	)
Japan		0.1			5,664
United States		0.8			51,092
Other		(0.3	)		(29,350	)
Total futures and forward contracts by country composition		1.4	%	$	81,643

* No individual contract position constituted one percent or greater of net assets, unless broken out above. Accordingly, the number of contracts and expiration dates are not presented.

** Due to rounding – amount is less than 0.05%

See accompanying notes to financial statements.

16

SUPERFUND GREEN, L.P. – SERIES B

CONDENSED SCHEDULE OF INVESTMENTS

as of December 31, 2015

	Percentage of Net Assets			Fair Value
Futures contracts purchased
Currency		(0.3	)%	$	(28,039	)
Energy		0.2			15,843
Financial		0.5			43,949
Food & Fiber		(0.8	)		(65,174	)
Indices		0.7			58,053
Livestock		0.1			9,910
Metals		0.2			14,586
Total futures contracts purchased		0.6			49,128
Futures contracts sold
Currency		(0.4	)		(29,133	)
Energy		0.8			59,985
Financial		(0.3	)		(23,280	)
Food & Fiber		1.1	*		87,917
Indices		0.5			44,320
Livestock		(0.1	)		(13,070	)
Metals		(0.8	)		(66,368	)
Total futures contracts sold		0.8			60,371
Total futures contracts, at fair value		1.4	%	$	109,499
Futures Contracts by Country Composition
Australia		0.1	%	$	8,800
Canada		0.3			26,594
European Monetary Union		0.2			12,171
Great Britain		(0.3	)		(31,528	)
Japan		0.6			51,751
United States		0.2			19,906
Other		0.3			21,805
Total futures contracts by country composition		1.4	%	$	109,499

* No individual contract position constituted one percent or greater of net assets. Accordingly, the number of contracts and expiration dates are not presented.

See accompanying notes to financial statements.

17

SUPERFUND GREEN, L.P. – SERIES B

UNAUDITED STATEMENTS OF OPERATIONS

	Three Months Ended September 30,						Nine Months Ended September 30,
	2016			2015			2016			2015
Investment Income
Interest income	$	717		$	239		$	2,285		$	736
Other income		—			—			—			—
Total investment income		717			239			2,285			736
Expenses
Selling commission		69,260			86,697			219,951			297,713
Brokerage commissions		29,708			40,823			112,978			129,208
Management fee		32,033			40,097			101,728			137,692
Operating expenses		2,597			3,251			8,248			11,165
Other		4,441			4,338			13,512			16,163
Total expenses		138,039			175,206			456,417			591,941
Net investment loss	$	(137,322	)	$	(174,967	)	$	(454,132	)	$	(591,205	)
Realized and change in unrealized gain (loss) on investments
Net changed in realized gain (loss) on futures and forward contracts	$	292,607		$	(537,994	)	$	(415,415	)	$	(75,236	)
Net change in unrealized appreciation (depreciation) on futures and forward contracts		(203,746	)		105,995			(27,857	)		(433,226	)
Net gain (loss) on investments	$	88,861		$	(431,999	)	$	(443,272	)	$	(508,462	)
Net decrease in net assets from operations	$	(48,461	)	$	(606,966	)	$	(897,404	)	$	(1,099,667	)
Net decrease in net assets from operations per Unit (based upon weighted average number of units outstanding during period)*	$	(9.11	)	$	(97.38	)	$	(162.81	)	$	(165.82	)
Net decrease in net assets from operations per Unit (based upon change in net asset value per unit during period)*	$	(12.11	)	$	(94.77	)	$	(162.72	)	$	(182.27	)

* Weighted average number of Units outstanding for Series B for the three months ended September 30, 2016 and September 30, 2015: 5,316.77 and 6,233.22, respectively; and for the nine months ended September 30, 2016 and September 30, 2015: 5,511.87 and 6,631.60, respectively.

See accompanying notes to financial statements.

18

SUPERFUND GREEN, L.P. – SERIES B

UNAUDITED STATEMENTS OF CHANGES IN NET ASSETS

	Nine Months Ended September 30,
	2016			2015
Decrease in net assets from operations
Net investment loss	$	(454,132	)	$	(591,205	)
Net realized loss on futures and forward contracts		(415,415	)		(75,236	)
Net change in unrealized depreciation on futures and forward contracts		(27,857	)		(433,226	)
Net decrease in net assets from operations		(897,404	)		(1,099,667	)
Capital share transactions
Issuance of Units		190,892			254,426
Redemption of Units		(1,075,716	)		(1,816,360	)
Net decrease in net assets from capital share transactions		(884,824	)		(1,561,934	)
Net decrease in net assets		(1,782,228	)		(2,661,601	)
Net assets, beginning of period		8,073,231			10,701,075
Net assets, end of period	$	6,291,003		$	8,039,474
Units, beginning of period		5,799.188			7,316.097
Issuance of Units		144.137			171.606
Redemption of Units		(826.242	)		(1,208.864	)
Units, end of period		5,117.083			6,278.839

See accompanying notes to financial statements.

19

SUPERFUND GREEN, L.P. – SERIES B

UNAUDITED STATEMENTS OF CASH FLOWS

	Nine Months Ended September 30,
	2016			2015
Cash flows from operating activities
Net increase (decrease) in net assets from operations	$	(897,404	)	$	(1,099,667	)
Adjustment to reconcile net increase (decrease) in net assets from operations to net cash provided by (used in) operating activities:
Changes in operating assets and liabilities:
Decrease in due from brokers		72,853			1,949,896
(Increase) decrease in futures contracts purchased		(143,774	)		389,709
Decrease in unrealized appreciation on open forward contracts		(21,482	)		—
Increase (decrease) in futures contracts sold		174,827			43,518
Increase in unrealized depreciation on open forward contracts		18,285			—
Decrease in management fees payable		(2,734	)		(4,482	)
Decrease in fees payable		(1,263	)		(1,948	)
Net cash provided by (used in) operating activities		(800,692	)		1,277,026
Cash flows from financing activities
Subscriptions, net of change in advanced subscriptions		190,892			254,426
Redemptions, net of change in redemptions payable		(1,058,089	)		(2,047,546	)
Net cash used in financing activities		(867,197	)		(1,793,120	)
Net increase (decrease) in cash		(1,667,889	)		(516,094	)
Cash, beginning of period		4,206,831			5,485,257
Cash, end of period	$	2,538,942		$	4,969,163

See accompanying notes to financial statements.

20

SUPERFUND GREEN, L.P., SUPERFUND GREEN, L.P. – SERIES A and SUPERFUND GREEN, L.P. – SERIES B

NOTES TO UNAUDITED FINANCIAL STATEMENTS

September 30, 2016

1. Nature of operations

Organization and Business

Superfund Green, L.P. (the “Fund”), a Delaware limited partnership, commenced operations on November 5, 2002. The Fund was organized to trade speculatively in the United States (“U.S.”) and international commodity futures and forward markets using a fully-automated computerized trading system. The Fund has issued two classes of units (“Units”), Series A and Series B (each, a “Series”). The two Series are traded and managed the same way except for the degree of leverage.

The terms of Series A and Series B each shall continue until December 31, 2050, unless the applicable Series is terminated earlier by the Fund’s general partner, Superfund Capital Management, Inc. (“Superfund Capital Management”) or by operation of law or a decline in the aggregate net assets of such Series to less than $500,000.

2. Basis of presentation and significant accounting policies

Basis of Presentation

The unaudited financial statements have been prepared in accordance with the rules and regulations of the Securities and Exchange Commission (“SEC”) and accounting principles generally accepted in the U.S. (“U.S. GAAP”) with respect to the Form 10-Q and reflect all adjustments which in the opinion of management are normal and recurring, and which are necessary for a fair statement of the results of interim periods presented. It is suggested that these financial statements be read in conjunction with the financial statements and the related notes included in the Fund’s Annual Report on Form 10-K for the year ended December 31, 2015.

Valuation of Investments in Futures Contracts and Forward Contracts

All commodity interests (including derivative financial instruments and derivative commodity instruments) are used for trading purposes. The commodity interests are recorded on a trade date basis and open contracts are recorded in the statements of assets and liabilities at fair value on the last business day of the period, which represents market value for those commodity interests for which market quotes are readily available.

Exchange-traded futures contracts are valued at settlement prices published by the recognized exchange. Any spot and forward foreign currency contracts held by the Fund will be valued at published settlement prices or at dealers’ quotes.

Translation of Foreign Currency

Assets and liabilities denominated in foreign currencies are translated into U.S. dollar amounts at the period-end exchange rates. Purchases and sales of investments and income and expenses that are denominated in foreign currencies are translated into U.S. dollar amounts on the transaction date. Adjustments arising from foreign currency transactions are reflected in the statements of operations.

The Fund does not isolate that portion of the results of operations arising from the effect of changes in foreign exchange rates on investments from fluctuations from changes in market prices of investments held. Such fluctuations are included in net realized and unrealized gain (loss) on investments in the statements of operations.

21

Investment Transactions, Investment Income and Expenses

Investment transactions are accounted for on a trade-date basis. Interest income and expenses are recognized on the accrual basis. Operating expenses of the Fund are allocated to each Series in proportion to the net asset value of the Series at the beginning of each month. Expenses directly attributable to a particular Series are charged directly to that Series.

Gains or losses are realized when contracts are liquidated. Unrealized gains and losses on open contracts (the difference between contract trade price and market price) are reported in the statements of operations as a net gain or loss, as there exists a right of offset of unrealized gains or losses in accordance with Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 210-20, Offsetting – Balance Sheet.

Set forth herein are instruments and transactions eligible for offset in the statements of assets and liabilities and which are subject to derivative clearing agreements with the Fund’s futures commission merchants. Each futures commission merchant nets margin held on behalf of each Series of the Fund or payment obligations of the futures commission merchant to each Series against any payment obligations of that Series to the futures commission merchant. Each Series is required to deposit margin at each futures commission merchant to meet the original and maintenance requirements established by that futures commission merchant, and/or the exchange or clearinghouse associated with the exchange on which the instrument is traded. The derivative clearing agreements give each futures commission merchant a security interest in this margin to secure any liabilities owed to the futures commission merchant arising from a default by the Series. As of September 30, 2016, the Fund had on deposit $2,205,239 at ADM Investor Services, Inc. and $4,183,343 at Merrill Lynch, Pierce, Fenner & Smith Inc. As of September 30, 2016, Series A had on deposit $919,418 at ADM Investor Services, Inc. and $1,669,451 at Merrill Lynch, Pierce, Fenner & Smith Inc. As of September 30, 2016, Series B had on deposit $1,285,821 at ADM Investor Services, Inc. and $2,513,892 at Merrill Lynch, Pierce, Fenner & Smith Inc.

Income Taxes

The Fund does not record a provision for U.S. income taxes because the partners report their share of the Fund’s income or loss on their returns. The financial statements reflect the Fund’s transactions without adjustment, if any, required for income tax purposes.

Superfund Capital Management has evaluated the application of ASC Topic 740, Income Taxes (“ASC 740”), to the Fund, to determine whether or not there are uncertain tax positions that require financial statement recognition. Based on this evaluation, Superfund Capital Management has determined no reserves for uncertain tax positions are required to be recorded as a result of the application of ASC 740. Superfund Capital Management is not aware of any tax positions for which it is reasonably possible that the total amounts of unrecognized tax benefits will change materially in the next twelve months. As a result, no income tax liability or expense has been recorded in the accompanying financial statements. The Fund files federal and various state tax returns. The 2013 through 2015 tax years generally remain subject to examination by the U.S. federal and most state tax authorities.

Use of Estimates

The preparation of financial statements in conformity with U.S. GAAP requires Superfund Capital Management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of increases and decreases in net assets from operations during the reporting period. Actual results could differ from those estimates.

Recently Adopted and/or Issued Accounting Pronouncements

ASU 2015-14

In August 2015, FASB issued ASU No. 2015-14, Revenue from Contracts with Customers (Topic 606) – Deferral of Effective Date (“ASU 2015-14”), which defers the effective date of ASU No. 2014-09, Revenue from Contracts with Customers (Topic 606) (“ASU 2014-09”). The amendments in ASU 2014-09 affect any entity that enters into contracts with customers to transfer goods or services or enters into contracts for the transfer of nonfinancial assets unless those contracts are within the scope of other standards. The guidance is effective for annual reporting periods beginning after December 15, 2017. Superfund Capital Management is evaluating the impact of ASU 2015-14 on the financial statements and disclosures.

22

3. Fair Value Measurements

The Fund follows ASC 820, Fair Value Measurements and Disclosures, which establishes a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). The three levels of the fair value hierarchy under ASC 820 are described below:

Level 1:	Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities;
Level 2:	Quoted prices in markets that are not considered to be active or financial instruments for which all significant inputs are observable, either directly or indirectly;
Level 3:	Prices or valuations that require inputs that are both significant to the fair value measurement and unobservable.

A financial instrument’s level within the fair value hierarchy is based on the lowest level of any input that is significant to the fair value measurement.

Derivative Contracts. Derivative contracts can be exchange-traded or over-the-counter (“OTC”). Exchange-traded derivatives typically fall within Level 1 or Level 2 of the fair value hierarchy depending on whether they are deemed to be actively traded or not. The Fund has exposure to exchange-traded derivative contracts through the Fund’s trading of exchange-traded futures contracts. The Fund’s exchange-traded futures contract positions are valued daily at settlement prices published by the applicable exchanges. In such cases, provided they are deemed to be actively traded, exchange-traded derivatives are classified within Level 1 of the fair value hierarchy. Less actively traded exchange-traded derivatives fall within Level 2 of the fair value hierarchy.

OTC derivatives are valued using market transactions and other market evidence whenever possible, including market-based inputs to models, model calibration to market-clearing transactions, broker or dealer quotations, or alternative pricing sources with reasonable levels of price transparency. Where models are used, the selection of a particular model to value an OTC derivative depends upon the contractual terms of, and specific risks inherent in, the instrument as well as the availability of pricing information in the market. For OTC derivatives that trade in liquid markets, such as generic forwards and swaps, model inputs can generally be verified and model selection does not involve significant management judgment. The OTC derivatives held by the Fund may include forwards and swaps. Spot and forward foreign currency contracts held by the Fund are valued at published daily settlement prices or at dealers’ quotes. The Fund’s forward positions are typically classified within Level 2 of the fair value hierarchy.

Certain OTC derivatives trade in less liquid markets with limited pricing information, and the determination of fair value for these derivatives is inherently more difficult. Such instruments are classified within Level 3 of the fair value hierarchy. Where the Fund does not have corroborating market evidence to support significant model inputs and cannot verify the model to market transactions, transaction price is initially used as the best estimate of fair value. Accordingly, when a pricing model is used to value such an instrument, the model is adjusted so that the model value at inception equals the transaction price. The valuations of these less liquid OTC derivatives are typically based on Level 1 and/or Level 2 inputs that can be observed in the market, as well as unobservable Level 3 inputs. Subsequent to initial recognition, the Fund updates the Level 1 and Level 2 inputs to reflect observable market changes, with resulting gains and losses reflected within Level 3. Level 3 inputs are changed only when corroborated by evidence such as similar market transactions, third-party pricing services and/or broker or dealer quotations, or other empirical market data. In circumstances in which the Fund cannot verify the model value to market transactions, it is possible that a different valuation model could produce a materially different estimate of fair value. The Fund attempts to avoid holding less liquid OTC derivatives. However, once held, the market for any particular derivative contract could become less liquid during the holding period. There were no Level 3 holdings at September 30, 2016 or December 31, 2015 or during the periods then ended.

23

The following table summarizes the valuation of the Fund’s assets and liabilities by the ASC 820 fair value hierarchy as of September 30, 2016 and December 31, 2015:

Superfund Green, L.P.

	Balance September 30, 2016		Level 1		Level 2		Level 3
ASSETS
Unrealized appreciation on open forward contracts	$	31,250	$	—	$	31,250	$	—
Futures contracts sold		163,652		163,652		—
Futures contracts purchased		493,553		493,553		—		—
Total Assets Measured at Fair Value	$	688,455	$	657,205	$	31,250	$	—
LIABILITIES
Unrealized depreciation on open forward contracts	$	25,255	$	—	$	25,255	$	—
Futures contracts sold		370,264		370,264		—
Futures contracts purchased		182,924		182,924		—		—
Total Liabilities Measured at Fair Value	$	578,443	$	553,188	$	25,255	$	—
	Balance December 31, 2015		Level 1		Level 2		Level 3
ASSETS
Futures contracts sold	$	763,283	$	763,283	$	—	$	—
Futures contracts purchased		492,943		492,943		—		—
Total Assets Measured at Fair Value	$	1,256,226	$	1,256,226	$	—	$	—
LIABILITIES
Futures contracts sold	$	676,201	$	676,201	$	—	$	—
Futures contracts purchased		409,599		409,599		—		—
Total Liabilities Measured at Fair Value	$	1,085,800	$	1,085,800	$	—	$	—

Superfund Green, L.P. – Series A

	Balance September 30, 2016		Level 1		Level 2		Level 3
ASSETS
Unrealized appreciation on open forward contracts	$	9,768	$	—	$	9,768	$	—
Futures contracts sold		60,596		60,596		—
Futures contracts purchased		185,190		185,190		—		—
Total Assets Measured at Fair Value	$	255,554	$	245,786	$	9,768	$	—
LIABILITIES
Unrealized depreciation on open forward contracts	$	6,970	$	—	$	6,970	$	—
Futures contracts sold		152,752		152,752		—
Futures contracts purchased		67,463		67,463		—		—
Total Liabilities Measured at Fair Value	$	227,185	$	220,215	$	6,970	$	—
	Balance December 31, 2015		Level 1		Level 2		Level 3
ASSETS
Futures contracts sold	$	297,768	$	297,768	$	—	$	—
Futures contracts purchased		200,964		200,964		—		—
Total Assets Measured at Fair Value	$	498,732	$	498,732	$	—	$	—
LIABILITIES
Futures contracts sold	$	271,057	$	271,057	$	—	$	—
Futures contracts purchased		166,748		166,748		—		—
Total Liabilities Measured at Fair Value	$	437,805	$	437,805	$	—	$	—

24

Superfund Green, L.P. – Series B

	Balance September 30, 2016		Level 1		Level 2		Level 3
ASSETS
Unrealized appreciation on open forward contracts	$	21,482	$	—	$	21,482	$	—
Futures contracts sold		103,056		103,056		—
Futures contracts purchased		308,363		308,363		—		—
Total Assets Measured at Fair Value	$	432,901	$	411,419	$	21,482	$	—
LIABILITIES
Unrealized depreciation on open forward contracts	$	18,285	$	—	$	18,285	$	—
Futures contracts sold		217,512		217,512		—
Futures contracts purchased		115,461		115,461		—		—
Total Liabilities Measured at Fair Value	$	351,258	$	332,973	$	18,285	$	—
	Balance December 31, 2015		Level 1		Level 2		Level 3
ASSETS
Futures contracts sold	$	465,515	$	465,515	$	—	$	—
Futures contracts purchased		291,979		291,979		—		—
Total Assets Measured at Fair Value	$	757,494	$	757,494	$	—	$	—
LIABILITIES
Futures contracts sold	$	405,144	$	405,144	$	—	$	—
Futures contracts purchased		242,851		242,851		—		—
Total Liabilities Measured at Fair Value	$	647,995	$	647,995	$	—	$	—

4. Disclosure of derivative instruments and hedging activities

The Fund follows ASC 815, Disclosures about Derivative Instruments and Hedging Activities (“ASC 815”). ASC 815 is intended to improve financial reporting for derivative instruments by requiring enhanced disclosure that enables investors to understand how and why an entity uses derivatives, how derivatives are accounted for, and how derivative instruments affect an entity’s results of operations and financial position.

Derivative instruments held by the Fund do not qualify as derivative instruments held as hedging instruments, as defined in ASC 815. Instead, the Fund includes derivative instruments in its trading activity. Per the requirements of ASC 815, the Fund discloses the gains and losses on its trading activities for both derivative and nonderivative instruments in the statements of operations.

25

The Fund engages in the speculative trading of forward contracts in currency and futures contracts in a wide range of commodities, including equity markets, interest rates, food and fiber, energy, livestock, and metals. ASC 815 requires entities to recognize all derivatives instruments as either assets or liabilities at fair value in the statement of financial position. Investments in forward contracts and commodity futures contracts are recorded in the statements of assets and liabilities as unrealized appreciation or depreciation on open forward contracts and futures contracts purchased and futures contracts sold. Since the derivatives held or sold by the Fund are for speculative trading purposes, the derivative instruments are not designated as hedging instruments under the provisions of ASC 815. Accordingly, all realized gains and losses, as well as any change in net unrealized gains or losses on open positions from the preceding period, are recognized as part of the Fund’s realized and unrealized gain (loss) on investments in the statements of operations.

Superfund Capital Management believes futures and forward trading activity expressed as a percentage of net assets is indicative of trading activity. Information concerning the fair value of the Fund’s derivatives held long or sold short, as well as information related to the annual average volume of the Fund’s derivative activity, is as follows:

Superfund Green, L.P.

The fair value of the Fund’s derivatives by instrument type, as well as the location of those instruments on the statement of assets and liabilities, as of September 30, 2016, is as follows:

Type of Instrument	Statement of Assets and Liabilities Location	Asset Derivatives at September 30, 2016		Liability Derivatives at September 30, 2016			Net
Foreign exchange contracts	Unrealized appreciation on open forward contracts	$	31,250	$	—		$	31,250
Foreign exchange contracts	Unrealized depreciation on open forward contracts		—		(25,255	)		(25,255	)
Futures contracts	Futures contracts purchased		493,553		(182,924	)		310,629
Futures contracts	Futures contracts sold		163,652		(370,264	)		(206,612	)
Totals		$	688,455	$	(578,443	)	$	110,012

The fair value of the Fund’s derivatives by instrument type, as well as the location of those instruments on the statement of assets and liabilities, as of December 31, 2015, is as follows:

Type of Instrument	Statement of Assets and Liabilities Location	Asset Derivatives at December 31, 2015		Liability Derivatives at December 31, 2015			Net
Futures contracts	Futures contracts purchased	$	492,943	$	(409,599	)	$	83,344
Futures contracts	Futures contracts sold		763,283		(676,201	)		87,082
Totals		$	1,256,226	$	(1,085,800	)	$	170,426

The Fund’s financial assets, derivative assets and cash collateral held by counterparties as of September 30, 2016 is as follows:

				Gross Amounts Not Offset in the Statement of Assets and Liabilities
Counterparty	Net Amount of Assets in the Statement of Assets and Liabilities			Financial Instruments Pledged		Cash Collateral Received		Net Amount
ADMIS	$	122,468		$	—	$	—	$	122,468
Merrill Lynch		(12,456	)		—		—		(12,456	)
Totals	$	110,012		$	—	$	—	$	110,012

26

The Fund’s financial assets, derivative assets and cash collateral held by counterparties as of December 31, 2015 is as follows:

				Gross Amounts Not Offset in the Statement of Assets and Liabilities
Counterparty	Net Amount of Assets in the Statement of Assets and Liabilities			Financial Instruments Pledged		Cash Collateral Received		Net Amount
ADMIS	$	(100,889	)	$	—	$	—	$	(100,889	)
Merrill Lynch		271,315			—		—		271,315
Totals	$	170,426		$	—	$	—	$	170,426

Effects of derivative instruments on the statement of operations for the three months ended September 30, 2016:

Derivatives not Designated as Hedging Instruments under ASC 815	Location of Gain (Loss) on Derivatives in Statement of Operations	Net Realized Gain (Loss) on Derivatives in Statement of Operations			Net Change in Unrealized Appreciation (Depreciation) on Derivatives in Statement of Operations
Foreign exchange contracts	Net realized/unrealized gain (loss) on futures and forward contracts	$	(13,194	)	$	5,995
Futures contracts	Net realized/unrealized gain (loss) on futures and forward contracts		501,455			(345,669	)
Total		$	488,261		$	(339,674	)

Effects of derivative instruments on the statement of operations for the nine months ended September 30, 2016:

Derivatives not Designated as Hedging Instruments under ASC 815	Location of Gain (Loss) on Derivatives in Statement of Operations	Net Realized Loss on Derivatives in Statement of Operations			Net Change in Unrealized Appreciation (Depreciation) on Derivatives in Statement of Operations
Foreign exchange contracts	Net realized/unrealized gain (loss) on futures and forward contracts	$	(1,056	)	$	5,995
Futures contracts	Net realized/unrealized loss on futures and forward contracts		(800,764	)		(66,409	)
Total		$	(801,820	)	$	(60,414	)

Effects of derivative instruments on the statement of operations for the three months ended September 30, 2015:

Derivatives not Designated as Hedging Instruments under ASC 815	Location of Gain (Loss) on Derivatives in Statement of Operations	Net Realized Loss on Derivatives in Statement of Operations			Net Change in Unrealized Appreciation on Derivatives in Statement of Operations
Foreign exchange contracts	Net realized/unrealized loss on futures and forward contracts	$	(11,841	)	$	—
Futures contracts	Net realized/unrealized gain (loss) on futures and forward contracts		(823,710	)		140,109
Total		$	(835,551	)	$	140,109

27

Effects of derivative instruments on the statement of operations for the nine months ended September 30, 2015:

Derivatives not Designated as Hedging Instruments under ASC 815	Location of Gain (Loss) on Derivatives in Statement of Operations	Net Realized Gain (Loss) on Derivatives in Statement of Operations			Net Change in Unrealized Depreciation on Derivatives in Statement of Operations
Foreign exchange contracts	Net realized/unrealized gain on futures and forward contracts	$	32,932		$	—
Futures contracts	Net realized/unrealized loss on futures and forward contracts		(224,371	)		(692,007	)
Total		$	(191,439	)	$	(692,007	)

Superfund Green, L.P. gross and net unrealized gains and losses by long and short positions as of September 30, 2016 and December 31, 2015:

	As of September 30, 2016
	Futures Contracts Purchased											Futures Contracts Sold
	Gains		% of Net Assets			Losses			% of Net Assets			Gains		% of Net Assets			Losses			% of Net Assets			Net Unrealized Gain (Loss) on Open Positions
Foreign Exchange	$	27,688		0.2		$	(13,962	)		(0.1	)	$	3,562		0.0	*	$	(11,293	)		(0.1	)	$	5,995
Currency		63,871		0.5			(3,931	)		(0.0	)*		14,778		0.1			(17,004	)		(0.1	)		57,714
Financial		140,680		1.0			(16,917	)		(0.1	)		—		—			(29,692	)		(0.2	)		94,071
Food & Fiber		26,811		0.2			(76,015	)		(0.6	)		55,738		0.5			(26,719	)		(0.2	)		(20,185	)
Indices		162,867		1.3			(63,384	)		(0.5	)		35,612		0.3			(38,903	)		(0.3	)		96,192
Metals		85,128		0.7			(22,677	)		(0.2	)		4,806		0.0	*		(210,313	)		(1.7	)		(143,056	)
Energy		9,467		0.1			—			—			22,510		0.2			(30,957	)		(0.3	)		1,020
Livestock		4,729		0.0	*		—			—			30,210		0.2			(16,678	)		(0.1	)		18,261
Totals	$	521,241		4.0		$	(196,886	)		(1.5	)	$	167,216		1.3		$	(381,559	)		(3.0	)	$	110,012

* Due to rounding – amount is less than 0.05%

	As of December 31, 2015
	Futures Contracts Purchased										Futures Contracts Sold
	Asset Derivatives		% of Net Assets		Liability Derivatives			% of Net Assets			Asset Derivatives		% of Net Assets			Liability Derivatives			% of Net Assets			Net Unrealized Gain (Loss) on Open Positions
Currency	$	25,804		0.2	$	(73,662	)		(0.5	)	$	95,399		0.6		$	(146,664	)		(0.9	)	$	(99,123	)
Financial		78,150		0.5		(3,785	)		(0.0	)*		4,821		0.0	*		(39,609	)		(0.2	)		39,577
Food & Fiber		64,490		0.4		(176,698	)		(1.1	)		182,433		1.1			(40,083	)		(0.3	)		30,142
Indices		211,901		1.3		(113,401	)		(0.7	)		199,752		1.3			(121,726	)		(0.8	)		176,526
Metals		51,982		0.3		(30,003	)		(0.2	)		47,150		0.3			(158,223	)		(1.0	)		(89,094	)
Livestock		17,990		0.1		—			—			—		—			(20,560	)		(0.1	)		(2,570	)
Energy		42,626		0.3		(12,050	)		(0.1	)		233,728		1.5			(149,336	)		(0.9	)		114,968
Totals	$	492,943		3.1	$	(409,599	)		(2.6	)	$	763,283		4.8		$	(676,201	)		(4.2	)	$	170,426

* Due to rounding – amount is less than 0.05%

Superfund Green L.P. monthly contract volume: For the three months ended September 30, 2016, the monthly average futures and forward contracts bought was 1,865 and the monthly average futures and forward contracts sold was 1,025. For the nine months ended September 30, 2016, the monthly average futures and forward contracts bought was 1,954 and the monthly

28

average futures and forward contracts sold was 2,083. For the three months ended September 30, 2015, the monthly average futures contracts bought was 1,969 and the monthly average futures contracts sold was 2,106. For the nine months ended September 30, 2015, the monthly average futures contracts bought was 2,607 and the monthly average futures contracts sold was 1,589.

Superfund Green, L.P. trading results by market sector:

	For the Three Months Ended September 30, 2016
	Net Realized Gains (Losses)			Change in Net Unrealized Gains (Losses)			Net Trading Gains (Losses)
Foreign Exchange	$	(13,194	)	$	5,995		$	(7,199	)
Currency		(137,156	)		108,463			(28,693	)
Financial		270,122			(166,743	)		103,379
Food & Fiber		91,936			(164,610	)		(72,674	)
Indices		215,396			85,895			301,291
Metals		188,585			(265,523	)		(76,938	)
Livestock		14,290			48,380			62,670
Energy		(141,718	)		8,469			(133,249	)
Total net trading gains (losses) in Statement of Operations	$	488,261		$	(339,674	)	$	148,587

	For the Nine Months Ended September 30, 2016
	Net Realized Gains (Losses)			Change in Net Unrealized Gains (Losses)			Net Trading Gains (Losses)
Foreign Exchange	$	(1,056	)	$	5,995		$	4,939
Currency		(619,658	)		156,837			(462,821	)
Financial		540,279			54,497			594,776
Food & Fiber		120,141			(50,329	)		69,812
Indices		52,853			(80,334	)		(27,481	)
Metals		(493,751	)		(53,962	)		(547,713	)
Livestock		(16,810	)		45,740			28,930
Energy		(383,818	)		(138,858	)		(522,676	)
Total net trading losses in Statement of Operations	$	(801,820	)	$	(60,414	)	$	(862,234	)

	For the Three Months Ended September 30, 2015
	Net Realized Gains (Losses)			Change in Net Unrealized Gains (Losses)			Net Trading Gains (Losses)
Foreign Exchange	$	(11,841	)	$	—		$	(11,841	)
Currency		98,969			(89,406	)		9,563
Financial		106,471			12,993			119,464
Food & Fiber		(156,185	)		(58,007	)		(214,192	)
Indices		(766,950	)		27,147			(739,803	)
Metals		211,325			5,483			216,808
Livestock		(295,070	)		80,900			(214,170	)
Energy		(22,270	)		160,999			138,729
Total net trading gains (losses) in Statement of Operations	$	(835,551	)	$	140,109		$	(695,442	)

	For the Nine Months Ended September 30, 2015
	Net Realized Gains (Losses)			Change in Net Unrealized Gains (Losses)			Net Trading Gains (Losses)
Foreign Exchange	$	32,932		$	—		$	32,932
Currency		449,176			(123,547	)		325,629
Financial		(313,939	)		(436,026	)		(749,965	)
Food & Fiber		(251,813	)		(5,543	)		(257,356	)
Indices		315,853			(266,420	)		49,433
Metals		486,407			(141,788	)		344,619
Livestock		(907,080	)		206,470			(700,610	)
Energy		(2,975	)		74,844			71,869
Total net trading losses in Statement of Operations	$	(191,439	)	$	(692,010	)	$	(883,449	)

29

Superfund Green, L.P. – Series A

The fair value of the Fund’s derivatives by instrument type, as well as the location of those instruments on the statement of assets and liabilities, as of September 30, 2016, is as follows:

Type of Instrument	Statement of Assets and Liabilities Location	Asset Derivatives at September 30, 2016		Liability Derivatives at September 30, 2016			Net
Foreign exchange contracts	Unrealized appreciation on open forward contracts	$	9,768	$	—		$	9,768
Foreign exchange contracts	Unrealized depreciation on open forward contracts		—		(6,970	)		(6,970	)
Futures contracts	Futures contracts purchased		185,190		(67,463	)		117,727
Futures contracts	Futures contracts sold		60,596		(152,752	)		(92,156	)
Totals		$	255,554	$	(227,185	)	$	28,369

The fair value of the Fund’s derivatives by instrument type, as well as the location of those instruments on the statement of assets and liabilities, as of December 31, 2015, is as follows:

Type of Instrument	Statement of Assets and Liabilities Location	Asset Derivatives at December 31, 2015		Liability Derivatives at December 31, 2015			Net
Futures contracts	Futures contracts purchased	$	200,964	$	(166,748	)	$	34,216
Futures contracts	Futures contracts sold		297,768		(271,057	)		26,711
Totals		$	498,732	$	(437,805	)	$	60,927

The Fund’s financial assets, derivative assets and cash collateral held by counterparties as of September 30, 2016 is as follows:

				Gross Amounts Not Offset in the Statement of Assets and Liabilities
Counterparty	Net Amount of Assets in the Statement of Assets and Liabilities			Financial Instruments Pledged		Cash Collateral Received		Net Amount
ADMIS	$	39,373		$	—	$	—	$	39,373
Merrill Lynch		(11,004	)		—		—		(11,004	)
Totals	$	28,369		$	—	$	—	$	28,369

The Fund’s financial assets, derivative assets and cash collateral held by counterparties as of December 31, 2015 is as follows:

				Gross Amounts Not Offset in the Statement of Assets and Liabilities
Counterparty	Net Amount of Assets in the Statement of Assets and Liabilities			Financial Instruments Pledged		Cash Collateral Received		Net Amount
ADMIS	$	(51,324	)	$	—	$	—	$	(51,324	)
Merrill Lynch		112,251			—		—		112,251
Totals	$	60,927		$	—	$	—	$	60,927

30

Effects of derivative instruments on the statement of operations for the three months ended September 30, 2016:

Derivatives not Designated as Hedging Instruments under ASC 815	Location of Gain (Loss) on Derivatives in Statement of Operations	Net Realized Gain on Derivatives in Statement of Operations		Net Change in Unrealized Appreciation (Depreciation) on Derivatives in Statement of Operations
Foreign exchange contracts	Net realized/unrealized gain on futures and forward contracts	$	595	$	2,798
Futures contracts	Net realized/unrealized gain (loss) on futures and forward contracts		195,059		(138,726	)
Total		$	195,654	$	(135,928	)

Effects of derivative instruments on the statement of operations for the nine months ended September 30, 2016:

Derivatives not Designated as Hedging Instruments under ASC 815	Location of Gain (Loss) on Derivatives in Statement of Operations	Net Realized Gain (Loss) on Derivatives in Statement of Operations			Net Change in Unrealized Appreciation (Depreciation) on Derivatives in Statement of Operations
Foreign exchange contracts	Net realized/unrealized gain on futures and forward contracts	$	4,162		$	2,798
Futures contracts	Net realized/unrealized loss on futures and forward contracts		(390,567	)		(35,355	)
Total		$	(386,405	)	$	(32,557	)

Effects of derivative instruments on the statement of operations for the three months ended September 30, 2015:

Derivatives not Designated as Hedging Instruments under ASC 815	Location of Gain (Loss) on Derivatives in Statement of Operations	Net Realized Loss on Derivatives in Statement of Operations			Net Change in Unrealized Appreciation on Derivatives in Statement of Operations
Foreign exchange contracts	Net realized/unrealized loss on futures and forward contracts	$	(5,259	)	$	—
Futures contracts	Net realized/unrealized gain (loss) on futures and forward contracts		(292,298	)		34,114
Total		$	(297,557	)	$	34,114

31

Effects of derivative instruments on the statement of operations for the nine months ended September 30, 2015:

Derivatives not Designated as Hedging Instruments under ASC 815	Location of Gain (Loss) on Derivatives in Statement of Operations	Net Realized Gain (Loss) on Derivatives in Statement of Operations			Net Change in Unrealized Depreciation on Derivatives in Statement of Operations
Foreign exchange contracts	Net realized/unrealized gain on futures and forward contracts	$	10,552		$	—
Futures contracts	Net realized/unrealized loss on futures and forward contracts		(126,755	)		(258,781	)
Total		$	(116,203	)	$	(258,781	)

Superfund Green, L.P. – Series A gross and net unrealized gains and losses by long and short positions as of September 30, 2016 and December 31, 2015:

	As of September 30, 2016
	Futures Contracts Purchased										Futures Contracts Sold
	Gains		% of Net Assets		Losses			% of Net Assets			Gains		% of Net Assets			Losses			% of Net Assets			Net Unrealized Gain (Loss) on Open Positions
Foreign Exchange	$	8,602		0.1	$	(4,794	)		(0.1	)	$	1,166		0.0	*	$	(2,176	)		(0.0	)*	$	2,798
Currency		24,981		0.4		(1,550	)		(0.0	)*		5,818		0.1			(6,959	)		(0.1	)		22,290
Financial		53,662		0.9		(5,535	)		(0.1	)		—		—			(10,623	)		(0.2	)		37,504
Food & Fiber		9,727		0.2		(27,171	)		(0.5	)		20,025		0.3			(15,691	)		(0.3	)		(13,110	)
Indices		59,171		1.0		(23,313	)		(0.4	)		15,376		0.3			(16,208	)		(0.3	)		35,026
Metals		32,921		0.6		(9,895	)		(0.4	)		1,639		0.0	*		(86,595	)		(1.5	)		(61,930	)
Livestock		—		—		—			—			15,350		0.3			—			—			15,350
Energy		4,729		0.1		—			—			2,390		0.0	*		(16,678	)		(0.3	)		(9,559	)
Totals	$	193,793		3.3	$	(72,258	)		(1.3	)	$	61,764		1.0		$	(154,930	)		(2.7	)	$	28,369

* Due to rounding – amount is less than 0.05%

	As of December 31, 2015
	Futures Contracts Purchased										Futures Contracts Sold
	Asset Derivatives		% of Net Assets		Liability Derivatives			% of Net Assets			Asset Derivatives		% of Net Assets		Liability Derivatives			% of Net Assets			Net Unrealized Gain (Loss) on Open Positions
Currency	$	10,300		0.1	$	(30,119	)		(0.4	)	$	37,040		0.5	$	(59,172	)		(0.8	)	$	(41,951	)
Financial		31,941		0.4		(1,525	)		(0.0	)*		4,486		0.1		(15,994	)		(0.2	)		18,908
Food & Fiber		24,650		0.3		(71,684	)		(0.9	)		73,127		0.9		(18,694	)		(0.2	)		7,399
Indices		86,482		1.1		(46,035	)		(0.6	)		80,284		1.0		(46,578	)		(0.6	)		74,153
Metals		19,838		0.3		(12,445	)		(0.2	)		18,053		0.2		(62,758	)		(0.8	)		(37,312	)
Livestock		8,080		0.1		—			—			—		—		(7,490	)		(0.1	)		590
Energy		19,673		0.3		(4,940	)		(0.1	)		84,778		1.1		(60,371	)		(0.8	)		39,140
Totals	$	200,964		2.6	$	(166,748	)		(2.2	)	$	297,768		3.8	$	(271,057	)		(3.5	)	$	60,927

* Due to rounding – amount is less than 0.05%

Series A monthly contract volume: For the three months ended September 30, 2016, the monthly average futures and forward contracts bought was 708 and the monthly average futures and forward contracts sold was 396. For the nine months ended September 30, 2016, the monthly average futures and forward contracts bought was 758 and the monthly average futures and forward contracts sold was 687. For the three months ended September 30, 2015, the monthly average futures contracts bought was 750 and the monthly average futures contracts sold was 822. For the nine months ended September 30, 2015, the monthly average futures contracts bought was 972 and the monthly average futures contracts sold was 603.

32

Series A trading results by market sector:

	For the Three Months Ended September 30, 2016
	Net Realized Gains (Losses)			Change in Net Unrealized Gains (Losses)			Net Trading Gains (Losses)
Foreign Exchange	$	595		$	2,798		$	3,393
Currency		(52,810	)		44,003			(8,807	)
Financial		91,195			(50,962	)		40,233
Food & Fiber		37,813			(67,648	)		(29,835	)
Indices		80,549			22,888			103,437
Metals		83,778			(105,869	)		(22,091	)
Livestock		9,320			15,800			25,120
Energy		(54,786	)		3,062			(51,724	)
Total net trading gains (losses) in Statement of Operations	$	195,654		$	(135,928	)	$	59,726
	For the Nine Months Ended September 30, 2016
	Net Realized Gains (Losses)			Change in Net Unrealized Gains (Losses)			Net Trading Gains (Losses)
Foreign Exchange	$	4,162		$	2,798		$	6,960
Currency		(243,667	)		64,241			(179,426	)
Financial		202,918			18,599			221,517
Food & Fiber		36,229			(20,511	)		15,718
Indices		(30,670	)		(39,127	)		(69,797	)
Metals		(182,251	)		(24,618	)		(206,869	)
Livestock		(660	)		14,760			14,100
Energy		(172,466	)		(48,699	)		(221,165	)
Total net trading losses in Statement of Operations	$	(386,405	)	$	(32,557	)	$	(418,962	)
	For the Three Months Ended September 30, 2015
	Net Realized Gains (Losses)			Change in Net Unrealized Gains (Losses)			Net Trading Gains (Losses)
Foreign Exchange	$	(5,259	)	$	—		$	(5,259	)
Currency		23,999			(32,926	)		(8,927	)
Financial		48,056			(2,049	)		46,007
Food & Fiber		(60,891	)		(28,889	)		(89,780	)
Indices		(273,138	)		(2,964	)		(276,102	)
Metals		82,291			7,285			89,576
Livestock		(111,390	)		28,280			(83,110	)
Energy		(1,225	)		65,377			64,152
Total net trading gains (losses) in Statement of Operations	$	(297,557	)	$	34,114		$	(263,443	)
	For the Nine Months Ended September 30, 2015
	Net Realized Gains (Losses)			Change in Net Unrealized Gains (Losses)			Net Trading Gains (Losses)
Foreign Exchange	$	10,552		$	—		$	10,552
Currency		159,527			(44,475	)		115,052
Financial		(273,280	)		(166,898	)		(440,178	)
Food & Fiber		(82,944	)		(12,821	)		(95,765	)
Indices		(57,165	)		(94,685	)		(151,850	)
Metals		460,497			(45,175	)		415,322
Livestock		(343,320	)		74,380			(268,940	)
Energy		9,930			30,893			40,823
Total net trading losses in Statement of Operations	$	(116,203	)	$	(258,781	)	$	(374,984	)

33

Superfund Green, L.P. – Series B

The fair value of the Fund’s derivatives by instrument type, as well as the location of those instruments on the statement of assets and liabilities, as of September 30, 2016, is as follows:

Type of Instrument	Statement of Assets and Liabilities Location	Asset Derivatives at September 30, 2016		Liability Derivatives at September 30, 2016			Net
Foreign exchange contracts	Unrealized appreciation on open forward contracts	$	21,482	$	—		$	21,482
Foreign exchange contracts	Unrealized depreciation on open forward contracts		—		(18,285	)		(18,285	)
Futures contracts	Futures contracts purchased		308,363		(115,461	)		192,902
Futures contracts	Futures contracts sold		103,056		(217,512	)		(114,456	)
Totals		$	432,901	$	(351,258	)	$	81,643

The fair value of the Fund’s derivatives by instrument type, as well as the location of those instruments on the statements of assets and liabilities, as of December 31, 2015, is as follows:

Type of Instrument	Statement of Assets and Liabilities Location	Asset Derivatives at December 31, 2015		Liability Derivatives at December 31, 2015			Net
Futures contracts	Futures contracts purchased	$	291,979	$	(242,851	)	$	49,128
Futures contracts	Futures contracts sold		465,515		(405,144	)		60,371
Totals		$	757,494	$	(647,995	)	$	109,499

The Fund’s financial assets, derivative assets and cash collateral held by counterparties as of September 30, 2016 is as follows:

				Gross Amounts Not Offset in the Statement of Assets and Liabilities
Counterparty	Net Amount of Assets in the Statement of Assets and Liabilities			Financial Instruments Pledged		Cash Collateral Received		Net Amount
ADMIS	$	83,095		$	—	$	—	$	83,095
Merrill Lynch		(1,452	)		—		—		(1,452	)
Totals	$	81,643		$	—	$	—	$	81,643

The Fund’s financial assets, derivative assets and cash collateral held by counterparties as of December 31, 2015 is as follows:

				Gross Amounts Not Offset in the Statement of Assets and Liabilities
Counterparty	Net Amount of Assets in the Statement of Assets and Liabilities			Financial Instruments Pledged		Cash Collateral Received		Net Amount
ADMIS	$	(49,565	)	$	—	$	—	$	(49,565	)
Merrill Lynch		159,064			—		—		159,064
Totals	$	109,499		$	—	$	—	$	109,499

34

Effects of derivative instruments on the statement of operations for the three months ended September 30, 2016:

Derivatives not Designated as Hedging Instruments under ASC 815	Location of Gain (Loss) on Derivatives in Statement of Operations	Net Realized Gain (Loss) on Derivatives in Statement of Operations			Net Change in Unrealized Appreciation (Depreciation) on Derivatives in Statement of Operations
Foreign exchange contracts	Net realized/unrealized gain (loss) on futures and forward contracts	$	(13,789	)	$	3,197
Futures contracts	Net realized/unrealized gain (loss) on futures and forward contracts		306,396			(206,943	)
Total		$	292,607		$	(203,746	)

Effects of derivative instruments on the statement of operations for the nine months ended September 30, 2016:

Derivatives not Designated as Hedging Instruments under ASC 815	Location of Gain (Loss) on Derivatives in Statement of Operations	Net Realized Loss on Derivatives in Statement of Operations			Net Change in Unrealized Appreciation (Depreciation) on Derivatives in Statement of Operations
Foreign exchange contracts	Net realized/unrealized gain (loss) on futures and forward contracts	$	(5,218	)	$	3,197
Futures contracts	Net realized/unrealized loss on futures and forward contracts		(410,197	)		(31,054	)
Total		$	(415,415	)	$	(27,857	)

Effects of derivative instruments on the statement of operations for the three months ended September 30, 2015:

Derivatives not Designated as Hedging Instruments under ASC 815	Location of Gain (Loss) on Derivatives in Statement of Operations	Net Realized Loss on Derivatives in Statement of Operations			Net Change in Unrealized Appreciation on Derivatives in Statement of Operations
Foreign exchange contracts	Net realized/unrealized loss on futures and forward contracts	$	(6,582	)	$	—
Futures contracts	Net realized/unrealized gain (loss) on futures and forward contracts		(531,412	)		105,995
Total		$	(537,994	)	$	105,995

Effects of derivative instruments on the statement of operations for the nine months ended September 30, 2015:

Derivatives not Designated as Hedging Instruments under ASC 815	Location of Gain (Loss) on Derivatives in Statement of Operations	Net Realized Gain (Loss) on Derivatives in Statement of Operations			Net Change in Unrealized Depreciation on Derivatives in Statement of Operations
Foreign exchange contracts	Net realized/unrealized gain on futures and forward contracts	$	22,380		$	—
Futures contracts	Net realized/unrealized loss on futures and forward contracts		(97,616	)		(433,226	)
Total		$	(75,236	)	$	(433,226	)

35

Series B gross and net unrealized gains and losses by long and short positions as of September 30, 2016 and December 31, 2015:

	As of September 30, 2016
	Futures Contracts Purchased										Futures Contracts Sold
	Gains		% of Net Assets		Losses			% of Net Assets			Gains		% of Net Assets			Losses			% of Net Assets			Net Unrealized Gain (Loss) on Open Positions
Foreign Exchange	$	19,086		0.3	$	(9,168	)		(0.1	)	$	2,396		0.0	*	$	(9,117	)		(0.1	)	$	3,197
Currency		38,890		0.6		(2,381	)		(0.0	)*		8,960		0.1			(10,045	)		(0.2	)		35,424
Financial		87,018		1.4		(11,382	)		(0.2	)		—		—			(19,069	)		(0.3	)		56,567
Food & Fiber		17,084		0.3		(48,844	)		(0.8	)		35,713		0.6			(11,028	)		(0.2	)		(7,075	)
Indices		103,696		1.6		(40,071	)		(0.6	)		20,236		0.3			(22,695	)		(0.4	)		61,166
Metals		52,207		0.8		(12,782	)		(0.2	)		3,167		0.1			(123,718	)		(2.0	)		(81,126	)
Energy		9,467		0.2		—			—			7,160		0.1			(30,957	)		(0.5	)		(14,330	)
Livestock		—		—		—			—			27,820		0.4			—			—			27,820
Totals	$	327,448		5.2	$	(124,628	)		(1.9	)	$	105,452		1.6		$	(226,629	)		(3.7	)	$	81,643

* Due to rounding – amount is less than 0.05%

	As of December 31, 2015
	Futures Contracts Purchased										Futures Contracts Sold
	Asset Derivatives		% of Net Assets		Liability Derivatives			% of Net Assets			Asset Derivatives		% of Net Assets			Liability Derivatives			% of Net Assets			Net Unrealized Gain (Loss) on Open Positions
Currency	$	15,504		0.2	$	(43,543	)		(0.5	)	$	58,359		0.7		$	(87,492	)		(1.1	)	$	(57,172	)
Financial		46,209		0.6		(2,260	)		(0.0	)*		335		0.0	*		(23,615	)		(0.3	)		20,669
Food & Fiber		39,840		0.5		(105,014	)		(1.3	)		109,306		1.4			(21,389	)		(0.3	)		22,743
Indices		125,419		1.6		(67,366	)		(0.8	)		119,468		1.5			(75,148	)		(0.9	)		102,373
Metals		32,144		0.4		(17,558	)		(0.2	)		29,097		0.4			(95,465	)		(1.2	)		(51,782	)
Livestock		9,910		0.1		—			—			—		—			(13,070	)		(0.2	)		(3,160	)
Energy		22,953		0.3		(7,110	)		(0.1	)		148,950		1.8			(88,965	)		(1.1	)		75,828
Totals	$	291,979		3.7	$	(242,851	)		(2.9	)	$	465,515		5.8		$	(405,144	)		(5.1	)	$	109,499

* Due to rounding – amount is less than 0.05%

Series B monthly contract volume: For the three months ended September 30, 2016, the monthly average futures and forward contracts bought was 1,157 and the monthly average futures and forward contracts sold was 629. For the nine months ended September 30, 2016, the monthly average futures and forward contracts bought was 1,196 and the monthly average futures and forward contracts sold was 1,063. For the three months ended September 30, 2015, the monthly average futures contracts bought was 1,220 and the monthly average futures contracts sold was 1,284. For the nine months ended September 30, 2015, the monthly average futures contracts bought was 1,635 and the monthly average futures contracts sold was 986.

Series B trading results by market sector:

	For the Three Months Ended September 30, 2016
	Net Realized Gains (Losses)			Change in Net Unrealized Gains (Losses)			Net Trading Gains (Losses)
Foreign Exchange	$	(13,789	)	$	3,197		$	(10,592	)
Currency		(84,346	)		64,460			(19,886	)
Financial		178,927			(115,781	)		63,146
Food & Fiber		54,123			(96,962	)		(42,839	)
Indices		134,847			63,007			197,854
Metals		104,807			(159,654	)		(54,847	)
Livestock		4,970			32,580			37,550
Energy		(86,932	)		5,407			(81,525	)
Total net trading gains (losses) in Statement of Operations	$	292,607		$	(203,746	)	$	88,861

36

	For the Nine Months Ended September 30, 2016
	Net Realized Gains (Losses)			Change in Net Unrealized Gains (Losses)			Net Trading Gains (Losses)
Foreign Exchange	$	(5,218	)	$	3,197		$	(2,021	)
Currency		(375,991	)		92,596			(283,395	)
Financial		337,361			35,898			373,259
Food & Fiber		83,912			(29,818	)		54,094
Indices		83,523			(41,207	)		42,316
Metals		(311,500	)		(29,344	)		(340,844	)
Livestock		(16,150	)		30,980			14,830
Energy		(211,352	)		(90,159	)		(301,511	)
Total net trading losses in Statement of Operations	$	(415,415	)	$	(27,857	)	$	(443,272	)

	For the Three Months Ended September 30, 2015
	Net Realized Gains (Losses)			Change in Net Unrealized Gains (Losses)			Net Trading Gains (Losses)
Foreign Exchange	$	(6,582	)	$	—		$	(6,582	)
Currency		74,970			(56,480	)		18,490
Financial		58,415			15,042			73,457
Food & Fiber		(95,294	)		(29,118	)		(124,412	)
Indices		(493,812	)		30,111			(463,701	)
Metals		129,034			(1,802	)		127,232
Livestock		(183,680	)		52,620			(131,060	)
Energy		(21,045	)		95,622			74,577
Total net trading gains (losses) in Statement of Operations	$	(537,994	)	$	105,995		$	(431,999	)

	For the Nine Months Ended September 30, 2015
	Net Realized Gains (Losses)			Change in Net Unrealized Gains (Losses)			Net Trading Gains (Losses)
Foreign Exchange	$	22,380		$	—		$	22,380
Currency		289,649			(79,072	)		210,577
Financial		(40,659	)		(269,128	)		(309,787	)
Food & Fiber		(168,869	)		7,278			(161,591	)
Indices		373,018			(171,735	)		201,283
Metals		25,910			(96,611	)		(70,701	)
Livestock		(563,760	)		132,090			(431,670	)
Energy		(12,905	)		43,951			31,046
Total net trading losses in Statement of Operations	$	(75,236	)	$	(433,227	)	$	(508,463	)

5. Due from/to brokers

Due from brokers consists of proceeds from securities sold. Amounts due from brokers may be restricted to the extent that they serve as deposits for securities sold short. Amounts due to brokers, if any, represent margin borrowings that are collateralized by certain securities. As of September 30, 2016 and December 31, 2015, there were no amounts due to brokers.

In the normal course of business, all of the Fund’s marketable securities transactions, money balances and marketable security positions are transacted with brokers. The Fund is subject to credit risk to the extent any broker with whom it conducts business is unable to fulfill contractual obligations on its behalf.

37

6. Allocation of net profits and losses

In accordance with the Fund’s Sixth Amended and Restated Limited Partnership Agreement, net profits and losses of the Fund are allocated to partners according to their respective interests in the Fund as of the beginning of each month.

Subscriptions received in advance, if any, represent cash received prior to the balance sheet date for subscriptions of the subsequent month and do not participate in the earnings of the Fund until the following month.

7. Related party transactions

Superfund Capital Management shall be paid a management fee equal to one-twelfth of 1.85% of month-end net assets (1.85% per annum), ongoing offering expenses equal to one-twelfth of 1% of month-end net assets (1% per annum), not to exceed the amount of actual expenses incurred, and monthly operating expenses equal to one-twelfth of 0.15% of month-end net assets (0.15% per annum), not to exceed the amount of actual expenses incurred. Superfund Capital Management will also be paid a monthly performance/incentive fee equal to 25% of the new appreciation without respect to interest income. Trading losses will be carried forward and no further performance/incentive fee may be paid until the prior losses have been recovered. In addition, Superfund Brokerage Services, Inc., an affiliate of Superfund Capital Management, serves as the introducing broker for the Fund’s futures transactions and receives a portion of the brokerage commissions paid by the Fund in connection with its futures trading. Superfund USA, LLC, an entity related to Superfund Capital Management by common ownership, shall be paid monthly selling commissions equal to one-twelfth of 4% (4% per annum) of the month-end net asset value of the Fund. However, the maximum cumulative selling commission per Unit is limited to 10% of the initial public offering price of Units sold. Selling commissions charged as of the end of each month in excess of 10% of the initial public offering price of Units sold shall not be paid out to any selling agent but shall instead be held in a separate account. Accrued monthly performance fees, if any, will then be charged against both net assets of the Fund as of month-end, as well as against amounts held in the separate account. Any increase or decrease in net assets and any accrued interest will then be credited or charged to each investor (a “Limited Partner”) on a pro rata basis. The remainder of the amounts held in the separate account, if any, shall then be reinvested in Units as of such month-end, at the current net asset value, for the benefit of the appropriate Limited Partner. The amount of any distribution to a Limited Partner, any amount paid to a Limited Partner on redemption of Units and any redemption fee paid to Superfund Capital Management upon the redemption of Units will be charged to that Limited Partner. Selling commissions are shown gross on the statements of operations and amounts over the 10% selling commission threshold are rebated to the Limited Partner by purchasing Units of the Fund.

8. Financial highlights

Financial highlights for the period January 1 through September 30 are as follows:

	2016						2015
	Series A			Series B			Series A			Series B
Total Return*
Total return before incentive fees		(11.1	)%		(11.9	)%		(10.1	)%		(12.4	)%
Incentive fees		0.0			0.0			0.0			0.0
Total return after incentive fees		(11.1	)%		(11.9	)%		(10.1	)%		(12.4	)%
Ratios to average partners’ capital
Operating expenses before incentive fees		5.8	%		6.3	%		5.5	%		6.1	%
Incentive fees		0.0			0.0			0.0			0.0
Total expenses		5.8	%		6.3	%		5.5	%		6.1	%
Net investment loss		(5.7	)%		(6.2	)%		(5.5	)%		(6.1	)%
Net asset value per unit, beginning of period	$	1,222.26			1,392.13		$	1,283.60		$	1,462.68
Net investment loss		(66.25	)		(82.22	)		(69.45	)		(88.53	)
Net loss on investments		(65.77	)		(80.50	)		(58.06	)		(93.74	)
Net asset value per unit, end of period	$	1,090.24			1,229.41		$	1,156.09		$	1,280.41
Other per Unit information:
Net decrease in net assets from operations per Unit (based upon weighted average number of Units during period) upon weighted average number of Units during period)	$	(136.35	)		(162.81	)	$	(122.06	)	$	(165.82	)
Net decrease in net assets from operations per Unit (based upon change in net asset value per Unit) upon change in net asset value per Unit)	$	(132.02	)		(162.72	)	$	(127.51	)	$	(182.27	)

38

Financial highlights for the period July 1 through September 30 are as follows:

	2016						2015
	Series A			Series B			Series A			Series B
Total Return*
Total return before incentive fees		(1.2	)%		(1.1	)%		(5.0	)%		(6.9	)%
Incentive fees		0.0			0.0			0.0			0.0
Total return after incentive fees		(1.2	)%		(1.1	)%		(5.0	)%		(6.9	)%
Ratios to average partners’ capital
Operating expenses before incentive fees		1.9	%		2.0	%		1.9	%		2.0	%
Incentive fees		0.0			0.0			0.0			0.0
Total expenses		1.9	%		2.0	%		1.9	%		2.0	%
Net investment loss		(1.9	)%		(2.0	)%		(1.9	)%		(2.0	)%
Net asset value per unit, beginning of period	$	1,101.60			1,241.52		$	1,216.01		$	1,375.18
Net investment loss		(21.04	)		(25.80	)		(22.19	)		(27.31	)
Net gain (loss) on investments		9.68			13.69			(37.73	)		(67.46	)
Net asset value per unit, end of period	$	1,090.24			1,229.41		$	1,156.09		$	1,280.41
Other per Unit information:
Net decrease in net assets from operations per Unit (based upon weighted average number of Units during period) upon weighted average number of Units during period)	$	(10.50	)		(9.11	)	$	(61.92	)	$	(97.38	)
Net decrease in net assets from operations per Unit (based upon change in net asset value per Unit) upon change in net asset value per Unit)	$	(11.36	)		(12.11	)	$	(59.92	)	$	(94.77	)

* Total return is calculated for each Series of the Fund taken as a whole. An individual’s return may vary from these returns based on the timing of capital transactions.

Financial highlights are calculated for each series taken as a whole. An individual partner’s return, per unit data, and ratios may vary based on the timing of capital transactions.

9. Financial instrument risk

In the normal course of its business, the Fund is party to financial instruments with off-balance sheet risk, including derivative financial instruments and derivative commodity instruments. The term “off-balance sheet risk” refers to an unrecorded potential liability that, even though it does not appear on the balance sheet, may result in a future obligation or loss. These financial instruments may include forwards, futures and options, whose values are based upon an underlying asset, index, or reference rate, and generally represent future commitments to exchange currencies or cash flows, to purchase or sell other financial instruments at specific terms at specific future dates, or, in the case of derivative commodity instruments, to have a reasonable possibility to be settled in cash, through physical delivery or with another financial instrument. These instruments may be traded on an exchange or OTC. Exchange-traded instruments are standardized and include futures and certain option contracts. OTC contracts are negotiated between contracting parties and include forwards and certain options. Each of these instruments is subject to various risks similar to those related to the underlying financial instruments including market and credit risk. In general, the risks associated with OTC contracts are greater than those associated with exchange-traded instruments because of the greater risk of default by the counterparty to an OTC contract.

For the Fund, gross unrealized gains and losses related to exchange-traded futures were $657,205 and $553,188, respectively at September 30, 2016. For the Fund, gross unrealized gains and losses related to exchange-traded futures were $953,099 and $925,717, respectively, at September 30, 2015. For the Fund, gross unrealized gains and losses related to non-exchange traded forwards were $31,250 and $25,255, respectively, at September 30, 2016.

39

For Series A, gross unrealized gains and losses related to exchange-traded futures were $245,786 and $220,215, respectively at September 30, 2016. For Series A, gross unrealized gains and losses related to exchange-traded futures were $381,211 and $371,398, respectively, at September 30, 2015. For Series A, gross unrealized gains and losses related to non-exchange traded forwards were $9,768 and $6,970, respectively, at September 30, 2016.

For Series B, gross unrealized gains and losses related to exchange-traded futures were $411,419 and $332,973, respectively at September 30, 2016. For Series B, gross unrealized gains and losses related to exchange-traded futures were $571,888 and $554,319, respectively, at September 30, 2015. For Series B, gross unrealized gains and losses related to non-exchange traded forwards were $21,482 and $18,285, respectively, at September 30, 2016.

Market risk is the potential for changes in the value of the financial instruments traded by the Fund due to market changes, including interest and foreign exchange rate movements and fluctuations in commodity or security prices. In entering into these contracts, there exists a market risk that such contracts may be significantly influenced by conditions such as interest rate volatility, resulting in such contracts being less valuable. If the markets should move against all of the futures interest positions at the same time, and Superfund Capital Management was unable to offset such positions, the Fund could experience substantial losses.

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. Credit risk with respect to exchange-traded instruments is reduced to the extent that an exchange or clearing organization acts as a counterparty to the transactions. The Fund’s risk of loss in the event of counterparty default is typically limited to the amounts recognized in the statements of assets and liabilities and not represented by the contract or notional amounts of the instruments. As the Fund’s assets are held in segregated accounts with futures commission merchants, the Fund has credit risk and concentration risk. The Fund’s futures commission merchants are currently ADM Investor Services, Inc. and Merrill Lynch, Pierce, Fenner & Smith Inc.

Superfund Capital Management monitors and attempts to control the Fund’s 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 Fund is subject. These monitoring systems allow Superfund Capital Management to statistically analyze actual trading results with risk adjusted performance indicators and correlation statistics. In addition, on-line monitoring systems provide account analysis of futures and forward positions by sector, margin requirements, gain and loss transactions, and collateral positions.

The majority of these futures and forwards mature within one year of September 30, 2016. However, due to the nature of the Fund’s business, these instruments may not be held to maturity.

10. Subscriptions and redemptions

Effective May 1, 2014, the Fund no longer accepts subscriptions.

A Limited Partner may request any or all of his investment in such Series be redeemed by such Series at the net asset value of a Unit within such Series as of the end of each month, subject to a minimum redemption of $1,000 and subject further to such Limited Partner having an investment in such Series, after giving effect to the requested redemption, at least equal to the minimum initial investment amount of $10,000. Limited Partners must transmit a written request of such redemption to Superfund Capital Management not less than five business days prior to the end of the month (or such shorter period as permitted by Superfund Capital Management) as of which the redemption is to be effective. Redemptions will generally be paid within twenty days after the effective date of the redemption. However, in special circumstances, including, but not limited to, inability to liquidate dealers’ positions as of a redemption date or default or delay in payments due to each Series from clearing brokers, banks or other persons or entities, each Series may in turn delay payment to persons requesting redemption of the proportionate part of the net assets of each Series represented by the sums that are subject of such default or delay. As provided in the Partnership Agreement, if the net asset value per Unit within a Series as of the end of any business day declines by 50% or more from either the prior year-end or the prior month-end Unit value of such Series, Superfund Capital Management will suspend trading activities, notify all Limited Partners within such Series of the relevant facts within seven business days and declare a special redemption period.

11. Indemnification

In the normal course of business, the Fund enters into contracts that provide general indemnifications. The Fund’s maximum exposure under these arrangements is dependent on future claims that may be made against the Fund, and therefore cannot be established; however, based on experience, the risk of loss from such claims is considered remote.

12. Subsequent events

Superfund Capital Management has evaluated the impact of all subsequent events on the Fund through the date the financial statements were filed and has determined that there were no subsequent events requiring recognition or disclosure in the financial statements.

40

ITEM 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

INTRODUCTION

The Fund commenced the offering of its Units on October 22, 2002. The initial offering terminated on October 31, 2002 and the Fund commenced operations on November 5, 2002. The continuing offering period commenced at the termination of the initial offering period and ended May 1, 2014. Subscription and redemption data is presented for both the Fund, as the SEC registrant, and for Series A and Series B, individually. For the quarter ended September 30, 2016, redemptions totaled $1,154,355 in the Fund. For the quarter ended September 30, 2016, redemptions totaled $578,251 in Series A and $276,104 in Series B.

LIQUIDITY

Most U.S. commodity exchanges limit fluctuations in futures contracts prices during a single day by regulations referred to as “daily price fluctuation limits” or “daily limits.” During a single trading day, no trades may be executed at prices beyond the daily limit. This may affect the Fund’s ability to initiate new positions or close existing ones or may prevent it from having orders executed. Futures prices have occasionally moved the daily limit for several consecutive days with little or no trading. Similar occurrences could prevent the Fund from promptly liquidating unfavorable positions and subject the Fund to substantial losses, which could exceed the margin initially committed to such trades. In addition, even if futures prices have not moved the daily limit, the Fund may not be able to execute futures trades at favorable prices if little trading in such contracts is taking place.

Trading in forward contracts introduces a possible further impact on liquidity. Because such contracts are executed “off exchange” between private parties, the time required to offset or “unwind” these positions may be greater than that for regulated instruments. This potential delay could be exacerbated to the extent a counterparty is not a U.S. person.

Other than these limitations on liquidity, which are inherent in the Fund’s futures and forward trading operations, the Fund’s assets are expected to be highly liquid.

CAPITAL RESOURCES

The Fund will raise additional capital only through the sale of Units offered pursuant to the continuing offering and does not intend to raise any capital through borrowings. Due to the nature of the Fund’s business, it will make no capital expenditures and will have no capital assets which are not operating capital or assets.

RESULTS OF OPERATIONS

Three Months Ended September 30, 2016

Series A:

Net results for the quarter ended September 30, 2016, were a loss of 1.9% in net asset value compared to the preceding quarter end. In this period, Series A experienced a net decrease in net assets from operations of $59,581. This decrease consisted of investment income of $516, trading gains of $59,726 and total expenses of $119,823. Expenses included $30,035 in management fees, $2,435 in operating expenses, $64,940 in selling commissions, $18,229 in brokerage commissions and $4,184 in other expenses. At September 30, 2016 and December 31, 2015, the net asset value per Unit of Series A was $1,090.24 and $1,222.26, respectively.

Series B:

Net results for the quarter ended September 30, 2016, were a loss of 2.0% in net asset value compared to the preceding quarter end. In this period, Series B experienced a net decrease in net assets from operations of $48,461. This decrease consisted of investment income of $717, trading gains of $88,861 and total expenses of $137,322. Expenses included $32,033 in management fees, $2,597 in operating expenses, $69,260 in selling commissions, $29,708 in brokerage commissions and $4,441 in other expenses. At September 30, 2016 and December 31, 2015, the net asset value per Unit of Series B was $1,229.41 and $1,392.13 respectively.

41

Fund results for 3rd Quarter 2016:

In September, the Fund’s managed futures strategy produced negative returns, with positions in energy, bonds and grains contributing to this decline. The Fund’s allocations to the metals sector were the largest negative contributor, as investors remained skeptical of volatile movements in oil prices amidst concerns that the excess global crude supply could persist into 2017. The Fund’s allocations to agricultural and currencies markets helped to slightly offset the negative results in the month, as positions in the agricultural, currencies and indices markets all yielded positive returns, including the Fund’s allocations to LCE London coffee, CME live cattle and CME mini NASDAQ 100.

In August, the Fund’s managed futures strategy yielded negative results, as positions in the energies and metals sectors dragged on performance. The Fund’s positions in NYMEX crude oil and IPE gas oil produced negative returns, as the market moved adversely based on speculation that OPEC would limit oil prices. The Fund’s positions in COMEX silver also underperformed, as investors fled safe-haven assets. The Fund’s allocations to the indices, grains and agricultural markets all yielded positive returns, helping to offset some of the losses in other sectors.

In July, the Fund’s managed futures strategy produced strong positive returns in the midst of heightened market uncertainties and uneasiness as a result of the United Kingdom’s vote to withdraw from the European Union. The Fund’s allocation to indices, including positions in CBOE Volatility Index and CME mini NASDAQ 100, produced positive gains as its positions capitalized on recovering markets. The Fund’s allocations to the energies and metals sectors also produced positive returns, particularly its long positions in COMEX silver. The Fund’s positions in the agricultural and grains sectors produced negative results, as better than expected weather conditions for soybeans and increased demand for cotton resulted in adverse price movements to the Fund’s positions.

Three Months Ended June 30, 2016

Series A:

Net results for the quarter ended June 30, 2016, were a loss of 7.1% in net asset value compared to the preceding quarter end. In this period, Series A experienced a net decrease in net assets from operations of $514,130. This decrease consisted of investment income of $618, trading losses of $380,093 and total expenses of $134,655. Expenses included $31,736 in management fees, $2,573 in operating expenses, $68,618 in selling commissions, $27,893 in brokerage commissions and $3,835 in other expenses. At June 30, 2016 and December 31, 2015, the net asset value per Unit of Series A was $1,101.60 and $1,222.26, respectively.

Series B:

Net results for the quarter ended June 30, 2016, were a loss of 9.3% in net asset value compared to the preceding quarter end. In this period, Series B experienced a net decrease in net assets from operations of $705,881. This decrease consisted of investment income of $792, trading losses of $554,934 and total expenses of $151,739. Expenses included $32,266 in management fees, $2,616 in operating expenses, $69,764 in selling commissions, $42,748 in brokerage commissions and $4,345 in other expenses. At June 30, 2016 and December 31, 2015, the net asset value per Unit of Series B was $1,241.52 and $1,392.13 respectively.

Fund results for 2nd Quarter 2016:

In June, the Fund’s managed futures strategy produced positive returns, as the markets came to terms with the United Kingdom’s vote to withdraw from the European Union. In the midst of market volatility and heightened market skepticism, investors fled to safe haven assets. As a result, the Fund’s positions in bonds and metals markets produced gains for the Fund. In particular, the Fund’s positions in Euro-Bund, Euro-BOBL and Comex gold yielded significant positive returns for the Fund. The Fund’s allocation to grain and agricultural markets also yielded positive results. The Fund’s positions in stock indices and currencies lost ground, partially offsetting the Fund’s gains in other markets.

In May, the Fund’s managed futures strategy yielded negative returns. Prospects of a rise in rates by the U.S. Federal Reserve (the “Fed”) in the coming months, as well as reservations about the state of the global economy, weighed on performance of markets worldwide. The Fund’s allocation to metals produced the largest negative returns, with position in Comex gold and silver being the largest contributor. The Fund’s short positions in soybean meal also yielded losses as a result of adverse weather conditions in major growth markets. The Fund’s positive positions in bonds helped to offset some of the Fund’s negative performance, as the Fund took advantage of declining Treasury prices as well as increasing European bond prices resulting from weak economic data.

42

In April, the Fund’s managed futures strategy resulted in negative returns. The Fund’s allocation to the bond and metal markets yielded losses amidst changing global monetary policies and fluctuating oil prices. The Fund’s positions in the grains sector also produced negative results. In particular, the Fund’s short positions in soybean meal suffered, as soybean prices rose as a result of the weakening U.S. dollar and bullish Chinese export data. The Fund’s allocation to the metals market, particularly long positions in Comex gold and silver, produced positive returns for the month, as metals saw strong gains throughout April.

Three Months Ended March 31, 2016

Series A:

Net results for the quarter ended March 31, 2016, were a loss of 3.2% in net asset value compared to the preceding quarter end. In this period, Series A experienced a net decrease in net assets from operations of $244,193. This decrease consisted of investment income of $541, trading losses of $98,595 and total expenses of $146,139. Expenses included $35,715 in management fees, $2,896 in operating expenses, $77,221 in selling commissions, $26,123 in brokerage commissions and $4,184 in other expenses. At March 31, 2016 and December 31, 2015, the net asset value per Unit of Series A was $1,183.63 and $1,222.26, respectively.

Series B:

Net results for the quarter ended March 31, 2016, were a loss of 1.9% in net asset value compared to the preceding quarter end. In this period, Series B experienced a net decrease in net assets from operations of $143,062. This decrease consisted of investment income of $776, trading gains of $22,801 and total expenses of $166,639. Expenses included $37,429 in management fees, $3,035 in operating expenses, $80,927 in selling commissions, $40,522 in brokerage commissions and $4,726 in other expenses. At March 31, 2016 and December 31, 2015, the net asset value per Unit of Series B was $1,337.50 and $1,392.13 respectively.

Fund results for 1st Quarter 2016:

In March, the Fund’s managed futures strategy yielded negative results. The Fund’s allocation to the energy sector produced losses as the Fund’s short positions lost ground on rising oil prices in the month. The rise in oil prices also helped to rally the Hang Seng China Enterprises Index, generating a loss for the Fund’s short positions. The Fund’s long positions in bonds also produced negative results as a result of general rout in global bond prices. The Fund’s allocation to the agricultural market produced negative results, although its positions in London Commodity Exchange sugar helped to partially offset these losses by yielding positive returns. The Fund’s allocation to the currencies sector proved to be the sole positive performing sector for the month, with the Australian dollar trading at its highest level in recent weeks on better than expected economic data.

In February, the Fund’s managed futures strategy produced positive returns. The Fund’s allocation to the bonds market generated strong positive returns as bond prices advanced on fears of a global slowdown. The Fund’s positions in the energy sector also produced positive results, as the Fund’s long and short positions took advantage of volatile oil prices. The agricultural sector also produced positive returns for the Fund, as the Fund’s short positions in Chicago Board of Trade soybean meal benefitted from declining sales in the soybean market. The Fund’s positions in the currencies markets produced negative results as positions in the Japanese yen lost value as a result of stimulus measures imposed by the Bank of Japan.

In January, the Fund’s managed futures strategy yielded negative results. The Fund’s positions in indices generated losses, as global stock indices were negatively affected by a sell-off in China which spurred a stock market slump worldwide. The Fund’s allocation to the agricultural sector also produced negative returns, as the Fund’s long positions in cocoa suffered due to increased supplies, weaker demand and favorable weather for production. The Fund’s allocation to the bonds sector helped to partially offset these losses, producing positive returns as bond prices advanced.

Three Months Ended September 30, 2015

Series A:

Net results for the quarter ended September 30, 2015 were a loss of 5.0% in net asset value compared to the preceding quarter end. In this period, Series A experienced a net decrease in net assets from operations of $416,897. This decrease consisted of interest income of $101, trading losses of $263,443, and total expenses of $153,555. Expenses included $38,369 in management fees, $3,111 in operating expenses, $82,960 in selling commissions, $25,570 in brokerage commissions, and $3,545 in other expenses. At September 30, 2015 and December 31, 2014, the net asset value per Unit of Series A was $1,156.09 and $1,283.60, respectively.

43

Series B:

Net results for the quarter ended September 30, 2015 were a loss of 6.9% in net asset value compared to the preceding quarter end. In this period, Series B experienced a net decrease in net assets from operations of $606,966. This decrease consisted of interest income of $239, trading losses of $431,999, and total expenses of $175,206. Expenses included $40,097 in management fees, $3,251 in operating expenses, $86,697 in selling commissions, $40,823 in brokerage commissions, and $4,338 in other expenses. At September 30, 2015 and December 31, 2014, the net asset value per Unit of Series B was $1,280.41 and $1,462.68 respectively.

Fund results for the 3rd Quarter 2015:

In September, the Fund’s managed futures strategy produced slightly negative results. The Fund’s positions in equity indices yielded negative returns amid concerns over a global growth decline. The Fund’s allocations to grain, metals and agricultural markets also produced overall negative performance, as prices lagged with the decline in global growth. The Fund’s positions in the energy and bonds sector performed positively for the month, helping to partially offset the negative performance from the Fund’s positions in equity indices.

In August, the Fund’s managed futures strategy yielded negative results. The decline in performance was primarily due to the Fund’s positions in equity indices, as global stock markets were turbulent amid uncertainties in the Chinese economy. The Fund’s positions in TSE Topix and Osaka Nikkei225 contributed the most to these losses. The Fund’s disappointing performance was also attributable to the Fund’s allocation to European bonds, as the Fund was not able to capitalize on intra-month market swings. The Fund’s long positions in U.S. bonds yielded positive results, as investors bet on fears that the U.S. Federal Reserve (the “Fed”) would scale back on an interest rate hike.

In July, the Fund’s managed futures strategy produced positive returns. The Fund’s positions in metals, particularly copper, produced strong gains as the market experienced volatility resulting from decreasing demand from China. The Fund’s positions in the bond, currency, equities and energy sectors also produced positive performance in July. With positions in CBOT wheat contributing the most, the Fund’s allocations to the grains and agricultural markets yielded negative returns.

Three Months Ended June 30, 2015

Series A:

Net results for the quarter ended June 30, 2015, were a loss of 9.2% in net asset value compared to the preceding quarter end. In this period, Series A experienced a net decrease in net assets from operations of $872,981. This decrease consisted of investment income of $116, trading losses of $705,168 and total expenses of $167,929. Expenses included $42,632 in management fees, $3,456 in operating expenses, $92,177 in selling commissions, $24,897 in brokerage commissions and $4,767 in other expenses. At June 30, 2015 and December 31, 2014, the net asset value per Unit of Series A was $1,216.01 and $1,283.60, respectively.

Series B:

Net results for the quarter ended June 30, 2015, were a loss of 13.6% in net asset value compared to the preceding quarter end. In this period, Series B experienced a net decrease in net assets from operations of $1,413,990. This decrease consisted of investment income of $225, trading losses of $1,218,759 and total expenses of $195,456. Expenses included $45,226 in management fees, $3,667 in operating expenses, $97,786 in selling commissions, $41,864 in brokerage commissions and $6,913 in other expenses. At June 30, 2015 and December 31, 2014, the net asset value per Unit of Series B was $1,375.18 and $1,462.68 respectively.

Fund results for 2nd Quarter 2015:

In April, the Fund’s managed futures strategy produced negative results. This performance was partly attributable to the Fund’s long bond positions, as continued issues between Greece and its creditors, the Bank of England’s continued policy of low interest rates, and the uncertainty of a U.S. interest rate hike led to large scale sell-offs and falling bond prices. Also contributing to the Fund’s negative return was its long positions in CME Live Cattle, as prices dropped in mid-April due to a lower than expected demand in beef. The Fund’s allocation to the energy sector produced positive results, with long positions in NYMEX Crude Oil benefitting from bullish oil prices. The Fund’s allocation to indices also yielded favorable returns as the Nasdaq reached a fifteen-year high.

44

In May, the Fund’s managed futures strategy yielded slightly negative returns. The Fund’s positions in the bond sector produced losses on news of increased purchasing by the European Central Bank (“ECB”) and increased speculation that Greece would not be able to make future payments to its creditors. Gains from the Fund’s allocation to indices, specifically positions in Topix Index and Osaka Nikkei 225, helped to counter these losses. The Fund’s positions in currency, agriculture and metals markets also produced gains for the month.

In June, the Fund’s managed futures strategy produced a negative return as global indices reacted negatively to continued unsuccessful debt negotiations between Greece and its creditors, culminating with Greece defaulting on its IMF repayment at the end of the month. The Fund’s short positions on the TSE Topix lost ground with the index rising to an eight-year high as Japan looked to re-inflate its economy. The Fund’s allocation to the bond market also produced negative results as German Bunds and UK Gilts yields rose amidst failed negotiations over Greek debt. In addition, the Fund’s positions in commodity and metal markets produced overall negative results, despite gains from positions in soybeans, wheat and aluminum.

Three Months Ended March 31, 2015

Series A:

Net results for the quarter ended March 31, 2015, were a gain of 4.3% in net asset value compared to the preceding quarter end. In this period, Series A experienced a net increase in net assets from operations of $414,926. This increase consisted of investment income of $59, trading gains of $593,627 and total expenses of $178,860. Expenses included $47,067 in management fees, $3,817 in operating expenses, $101,767 in selling commissions, $23,137 in brokerage commissions and $3,072 in other expenses. At March 31, 2015 and December 31, 2014, the net asset value per Unit of Series A was $1,337.50 and $1,283.60, respectively.

Series B:

Net results for the quarter ended March 31, 2015, were a gain of 8.9% in net asset value compared to the preceding quarter end. In this period, Series B experienced a net increase in net assets from operations of $921,289. This decrease consisted of investment loss of $45, trading gains of $1,142,296 and total expenses of $220,962. Expenses included $52,369 in management fees, $4,247 in operating expenses, $113,230 in selling commissions, $46,521 in brokerage commissions and $4,595 in other expenses. At March 31, 2015 and December 31, 2014, the net asset value per Unit of Series B was $1,589.57 and $1,462.68 respectively.

Fund results for 1st Quarter 2015:

In March, the Fund’s managed futures strategy produced flat results, with a negative return of 0.14% for Series A and 0.03% for Series B. The Fund’s long positions in cattle and short positions in soybean oil and sugar all produced positive returns. These gains were offset by losses resulting from the Fund’s long positions in indices, as the Nasdaq fell on speculation of increased interest rates by the Fed and a sell-off of biotech and technology stocks. The Fund’s long positions in Canadian bonds also produced negative results, as the Bank of Canada announced that it was maintaining its overnight rate targets.

In February, the Fund’s managed futures strategy produced positive results, primarily on its long positions in indices. In the U.S., the Nasdaq reached its highest level since March 2000. In Japan, both the Tokyo Stock Price Index and the Nikkei 225 both produced substantial gains in March. The Fund’s gains in indices where offset slightly by the Fund’s allocations to the energy sector, as the Fund’s short positions in oil lost ground. The Fund’s allocations to the metals markets also yielded negative returns.

In January, the Fund’s managed futures strategy yielded strong positive results. The Fund’s allocations to the bonds sector brought positive returns as the Bank of Canada lowered its overnight rate to counteract the effect of dropping oil prices on growth. The Fund’s positions in the Canadian dollar also performed positively as Canadian GDP figures contracted while the U.S. dollar strengthened on U.S. jobless claims. The Fund’s allocations to the agricultural sector produced negative results in January as hog futures fell on declining demand and cattle futures hit the lowest level since June 2014.

OFF-BALANCE SHEET RISK

The term “off-balance sheet risk” refers to an unrecorded potential liability that, even though it does not appear on the balance sheet, may result in a future obligation or loss. The Fund trades in futures and forward contracts and is therefore a party to financial instruments with elements of off-balance sheet market and credit risk. In entering into these contracts, there exists a market risk that such contracts may be significantly influenced by conditions, such as interest rate volatility, resulting in such contracts being less valuable. If the markets should move against all of the futures interests positions of the Fund at the same

45

time, and if Superfund Capital Management was unable to offset such positions, the Fund could experience substantial losses. Superfund Capital Management attempts to minimize market risk through real-time monitoring of open positions, diversification of the portfolio and maintenance of a margin-to-equity ratio in all but extreme instances not greater than 50%.

In addition to market risk, in entering into futures and forward contracts, there is a credit risk that a counterparty will not be able to meet its obligations to the Fund. The counterparty for futures contracts traded in the U.S. and on most foreign exchanges is the clearinghouse associated with such exchange. In general, clearinghouses are backed by the corporate members of the clearinghouse who are required to share any financial burden resulting from the non-performance by one of their members and, as such, should significantly reduce this credit risk. In cases where the clearinghouse is not backed by the clearing members, like some foreign exchanges, it is normally backed by a consortium of banks or other financial institutions.

OFF-BALANCE SHEET ARRANGEMENTS

The Fund does not engage in off-balance sheet arrangements.

CONTRACTUAL OBLIGATIONS

The Fund does not enter into contractual obligations or commercial commitments to make future payments of a type that would be typical for an operating company. The Fund’s sole business is trading futures, currency, forward and certain swap contracts, both long (contracts to buy) and short (contracts to sell). All such contracts are settled by offset, not delivery. Substantially all such contracts are for settlement within four months of the trade date and substantially all such contracts are held by the Fund for less than four months before being offset or rolled over into new contracts with similar maturities. The financial statements of Series A and Series B each present a condensed schedule of investments setting forth net unrealized appreciation (depreciation) of such Series’ open forward contracts as well as the fair value of the futures contracts purchased and sold by each Series at September 30, 2016 and December 31, 2015.

CRITICAL ACCOUNTING POLICIES – VALUATION OF THE FUND’S POSITIONS

Superfund Capital Management believes that the accounting policies that will be most critical to the Fund’s financial condition and results of operations relate to the valuation of the Fund’s positions. The majority of the Fund’s positions will be exchange-traded futures contracts, which will be valued daily at settlement prices published by the exchanges. Any spot and forward foreign currency or swap contracts held by the Fund will also be valued at published daily settlement prices or at dealers’ quotes. Thus, Superfund Capital Management expects that under normal circumstances substantially all of the Fund’s assets will be valued on a daily basis using objective measures.

RECENTLY ADOPTED AND/OR ISSUED ACCOUNTING PRONOUNCEMENTS

ASU 2015-14

In August 2015, FASB issued ASU No. 2015-14, Revenue from Contracts with Customers (Topic 606) – Deferral of Effective Date (“ASU 2015-14”), which defers the effective date of ASU No. 2014-09, Revenue from Contracts with Customers (Topic 606) (“ASU 2014-09”). The amendments in ASU 2014-09 affect any entity that enters into contracts with customers to transfer goods or services or enters into contracts for the transfer of nonfinancial assets unless those contracts are within the scope of other standards. The guidance is effective for annual reporting periods beginning after December 15, 2017. Superfund Capital Management is evaluating the impact of ASU 2015-14 on the financial statements and disclosures.

ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

Not required.

ITEM 4. CONTROLS AND PROCEDURES

Superfund Capital Management, the Fund’s general partner, with the participation of Superfund Capital Management’s principal executive officer and principal financial officer, has evaluated the effectiveness of the design and operation of its disclosure controls and procedures with respect to each Series individually, as well as the Fund as a whole, as of the end of the period covered by this quarterly report, and, based on their evaluation, have concluded that these disclosure controls and procedures are effective. There were no formal changes in Superfund Capital Management’s internal controls over financial reporting during the quarter ended September 30, 2014 that have materially affected, or are reasonably likely to materially affect, Superfund Capital Management’s internal control over financial reporting with respect to each Series individually, as well as the Fund as a whole.

46

The Rule 13a-14(a)/15d-14(a) certifications of the principal executive officer and the principal financial officer included as Exhibits 31.1 and 31.2, respectively, are certifying as to each Series individually, as well as the Fund as a whole.

PART II - OTHER INFORMATION

ITEM 1.    LEGAL PROCEEDINGS

Superfund Capital Management is not aware of any pending legal proceedings to which either the Fund is a party or to which any of its assets are subject. The Fund has no subsidiaries.

ITEM 1A.     RISK FACTORS

Not required.

ITEM 2.    UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

(a)    There were no sales of unregistered securities during the quarter ended September 30, 2015.

(c)    Pursuant to the Fund’s Sixth Amended and Restated Limited Partnership Agreement, investors may redeem their Units at the end of each calendar month at the then current month-end Net Asset Value per Unit. The redemption of Units has no impact on the value of Units that remain outstanding, and Units are not reissued once redeemed.

The following tables summarize the redemptions by investors during the three months ended September 30, 2015:

Series A:
Month	Units Redeemed		NAV per Unit ($)
July 31, 2016		96.136		1,141.025
August 31, 2016		111.991		1,120.601
September 30, 2016		314.743		1,090.244
		522.870
Series B:
Month	Units Redeemed		NAV per Unit ($)
July 31, 2016		87.031		1,312.952
August 31, 2016		269.362		1,279.387
September 30, 2016		95.406		1,229.412
		451.799

ITEM 3.    DEFAULTS UPON SENIOR SECURITIES

Not applicable.

ITEM 4.    MINE SAFETY DISCLOSURE

Not applicable.

ITEM 5.    OTHER INFORMATION

None.

47

ITEM 6.    EXHIBITS

The following exhibits are included herewith:

31.1	Rule 13a-14(a)/15d-14(a) Certification of Principal Executive Officer
31.2	Rule 13a-14(a)/15d-14(a) Certification of Principal Financial Officer
32.1	Section 1350 Certification of Principal Executive Officer
32.2	Section 1350 Certification of Principal Financial Officer
101.INS	XBRL Instance Document
101.SCH	XBRL Taxonomy Extension Schema Document
101.CAL	XBRL Taxonomy Extension Calculation Linkbase Document
101.DEF	XBRL Taxonomy Extension Definition Linkbase Document
101.LAB	XBRL Taxonomy Extension Labe Linkbase Document
101.PRE	XBRL Taxonomy Extension Presentation Linkbase Document

48

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

Date: November 14, 2016	SUPERFUND GREEN, L.P.
	(Registrant)
	By: Superfund Capital Management, Inc.
	General Partner
	By: /s/ Nigel James
	Nigel James
	President and Principal Executive Officer
	By: /s/ Martin Schneider
	Martin Schneider
	Vice President and Principal Financial Officer

49

EXHIBIT INDEX

Exhibit Number	Description of Document	Page Number
31.1	Rule 13a-14(a)/15d-14(a) Certification of Principal Executive Officer		E-2
31.2	Rule 13a-14(a)/15d-14(a) Certification of Principal Financial Officer		E-3
32.1	Section 1350 Certification of Principal Executive Officer		E-4
32.2	Section 1350 Certification of Principal Financial Officer		E-5

50

EX-31.1

Exhibit 31.1

RULE 13a-14(a)/15d-14(a)

CERTIFICATION OF PRINCIPAL EXECUTIVE OFFICER

I, Nigel James, certify that:

1.    I have reviewed this report on Form 10-Q for the period ending September 30, 2016, of Superfund Green, L.P.;

2.    Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3.    Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4.    The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

(d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5.    The registrant’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date: November 14, 2016	By: /s/ Nigel James
	Nigel James
	President and Principal Executive Officer

E-2

EX-31.2

Exhibit 31.2

RULE 13a-14(a)/15d-14(a)

CERTIFICATION OF PRINCIPAL FINANCIAL OFFICER

I, Martin Schneider, certify that:

1.    I have reviewed this report on Form 10-Q for the period ending September 30, 2016, of Superfund Green, L.P.;

2.    Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3.    Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4.    The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

(d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5.    The registrant’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date: November 14, 2016	By: /s/ Martin Schneider
	Martin Schneider
	Vice President and Principal Financial Officer

E-3

EX-32.1

Exhibit 32.1

SECTION 1350 CERTIFICATION

OF PRINCIPAL EXECUTIVE OFFICER

In connection with the report on Form 10-Q for the period ending September 30, 2016 (the “Report”), I, Nigel James, President and Principal Executive Officer of Superfund Capital Management, Inc., the general partner of Superfund Green, L.P. (the “Fund”), certify, pursuant to 18 U.S.C. §1350, as adopted pursuant to §906 of the Sarbanes-Oxley Act of 2002, that:

(1) The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

(2) The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Fund.

Date: November 14, 2016	By: /s/ Nigel James
	Nigel James
	President and Principal Executive Officer

E-4

EX-32.2

Exhibit 32.2

SECTION 1350 CERTIFICATION

OF PRINCIPAL FINANCIAL OFFICER

In connection with the report on Form 10-Q for the period ending September 30, 2016 (the “Report”), I, Martin Schneider, Vice President and Principal Financial Officer of Superfund Capital Management, Inc., the general partner of Superfund Green, L.P. (the “Fund”), certify, pursuant to 18 U.S.C. §1350, as adopted pursuant to §906 of the Sarbanes-Oxley Act of 2002, that:

(1) The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

(2) The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Fund.

Date: November 14, 2016	By: /s/ Martin Schneider
	Martin Schneider
	Vice President and Principal Financial Officer

E-5

XML

Document and Entity Information	9 Months Ended
	Sep. 30, 2016 shares
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Sep. 30, 2016
Document Fiscal Year Focus	2016
Document Fiscal Period Focus	Q3
Trading Symbol	CK0001168990
Entity Registrant Name	SUPERFUND GREEN, L.P.
Entity Central Index Key	0001168990
Current Fiscal Year End Date	--12-31
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding	0

XML

STATEMENTS OF ASSETS AND LIABILITIES - USD ($)	Sep. 30, 2016	Dec. 31, 2015
ASSETS
Due from brokers	$ 6,388,582	$ 6,518,057
Unrealized appreciation on open forward contracts	31,250
Unrealized gain on futures contracts purchased	493,553	492,943
Unrealized gain on futures contracts sold	163,652	763,283
Cash	6,139,402	9,619,391
Total assets	13,216,439	17,393,674
LIABILITIES
Unrealized depreciation on open forward contracts	25,255
Unrealized loss on futures contracts purchased	182,924	409,599
Unrealized loss on futures contracts sold	370,264	676,201
Redemptions payable	460,364	331,265
Management fees payable	19,539	25,212
Fees payable	7,594	10,657
Total liabilities	1,065,940	1,452,934
NET ASSETS	12,150,499	15,940,740
SERIES A
ASSETS
Due from brokers	2,588,869	2,645,491
Unrealized appreciation on open forward contracts	9,768
Unrealized gain on futures contracts purchased	185,190	200,964
Unrealized gain on futures contracts sold	60,596	297,768
Cash	3,600,460	5,412,560
Total assets	6,444,883	8,556,783
LIABILITIES
Unrealized depreciation on open forward contracts	6,970
Unrealized loss on futures contracts purchased	67,463	166,748
Unrealized loss on futures contracts sold	152,752	271,057
Redemptions payable	343,090	231,618
Management fees payable	9,610	12,549
Fees payable	5,502	7,302
Total liabilities	585,387	689,274
NET ASSETS	$ 5,859,496	$ 7,867,509
Number of Units outstanding	5,374.485	6,436.862
Net Asset Value per Unit	$ 1,090.24	$ 1,222.26
SERIES B
ASSETS
Due from brokers	$ 3,799,713	$ 3,872,566
Unrealized appreciation on open forward contracts	21,482
Unrealized gain on futures contracts purchased	308,363	291,979
Unrealized gain on futures contracts sold	103,056	465,515
Cash	2,538,942	4,206,831
Total assets	6,771,556	8,836,891
LIABILITIES
Unrealized depreciation on open forward contracts	18,285
Unrealized loss on futures contracts purchased	115,461	242,851
Unrealized loss on futures contracts sold	217,512	405,144
Redemptions payable	117,274	99,647
Management fees payable	9,929	12,663
Fees payable	2,092	3,355
Total liabilities	480,553	763,660
NET ASSETS	$ 6,291,003	$ 8,073,231
Number of Units outstanding	5,117.083	5,799.188
Net Asset Value per Unit	$ 1,229.41	$ 1,392.13

XML

STATEMENTS OF OPERATIONS - USD ($)		3 Months Ended		9 Months Ended
		Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Investment Income
Interest income		$ 1,233	$ 340	$ 3,960	$ 1,115
Other income		0	0	0	0
Total investment income		1,233	340	3,960	1,115
Expenses
Selling commission		134,200	169,657	430,730	574,617
Brokerage commissions		47,937	66,393	185,223	202,812
Management fee		62,068	78,466	199,214	265,760
Operating expenses		5,032	6,362	16,152	21,549
Other		8,625	7,883	25,715	27,550
Total expenses		257,862	328,761	857,034	1,092,288
Net investment loss		(256,629)	(328,421)	(853,074)	(1,091,173)
Realized and change in unrealized gain (loss) on investments
Net change in realized gain (loss) on futures and forward contracts		488,261	(835,551)	(801,820)	(191,439)
Net change in unrealized appreciation (depreciation) on futures and forward contracts		(339,674)	140,109	(60,414)	(692,007)
Net gain (loss) on investments		148,587	(695,442)	(862,234)	(883,446)
Net decrease in net assets from operations		(108,042)	(1,023,863)	(1,715,308)	(1,974,619)
SERIES A
Investment Income
Interest income		516	101	1,675	379
Other income		0	0	0	0
Total investment income		516	101	1,675	379
Expenses
Selling commission		64,940	82,960	210,779	276,904
Brokerage commissions		18,229	25,570	72,245	73,604
Management fee		30,035	38,369	97,486	128,068
Operating expenses		2,435	3,111	7,904	10,384
Other		4,184	3,545	12,203	11,387
Total expenses		119,823	153,555	400,617	500,347
Net investment loss		(119,307)	(153,454)	(398,942)	(499,968)
Realized and change in unrealized gain (loss) on investments
Net change in realized gain (loss) on futures and forward contracts		195,654	(297,557)	(386,405)	(116,203)
Net change in unrealized appreciation (depreciation) on futures and forward contracts		(135,928)	34,114	(32,557)	(258,781)
Net gain (loss) on investments		59,726	(263,443)	(418,962)	(374,984)
Net decrease in net assets from operations		$ (59,581)	$ (416,897)	$ (817,904)	$ (874,952)
Net decrease in net assets from operations per Unit (based upon weighted average number of units outstanding during period)	[1]	$ (10.50)	$ (61.92)	$ (136.35)	$ (122.06)
Net decrease in net assets from operations per Unit (based upon change in net asset value per unit during period)	[1]	$ (11.36)	$ (59.92)	$ (132.02)	$ (127.51)
SERIES B
Investment Income
Interest income		$ 717	$ 239	$ 2,285	$ 736
Other income		0	0	0	0
Total investment income		717	239	2,285	736
Expenses
Selling commission		69,260	86,697	219,951	297,713
Brokerage commissions		29,708	40,823	112,978	129,208
Management fee		32,033	40,097	101,728	137,692
Operating expenses		2,597	3,251	8,248	11,165
Other		4,441	4,338	13,512	16,163
Total expenses		138,039	175,206	456,417	591,941
Net investment loss		(137,322)	(174,967)	(454,132)	(591,205)
Realized and change in unrealized gain (loss) on investments
Net change in realized gain (loss) on futures and forward contracts		292,607	(537,994)	(415,415)	(75,236)
Net change in unrealized appreciation (depreciation) on futures and forward contracts		(203,746)	105,995	(27,857)	(433,226)
Net gain (loss) on investments		88,861	(431,999)	(443,272)	(508,462)
Net decrease in net assets from operations		$ (48,461)	$ (606,966)	$ (897,404)	$ (1,099,667)
Net decrease in net assets from operations per Unit (based upon weighted average number of units outstanding during period)	[2]	$ (9.11)	$ (97.38)	$ (162.81)	$ (165.82)
Net decrease in net assets from operations per Unit (based upon change in net asset value per unit during period)	[2]	$ (12.11)	$ (94.77)	$ (162.72)	$ (182.27)

[1] Weighted average number of Units outstanding for Series A for the three months ended September 30, 2016 and September 30, 2015: 5,673.76 and 6,732.97, respectively; and for the nine months ended September 30, 2016 and September 30, 2015: 5,998.73 and 7,168.34, respectively.

[2] Weighted average number of Units outstanding for Series B for the three months ended September 30, 2016 and September 30, 2015: 5,316.77 and 6,233.22, respectively; and for the nine months ended September 30, 2016 and September 30, 2015: 5,511.87 and 6,631.60, respectively.

XML

STATEMENTS OF CASH FLOWS - USD ($)	9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015
Cash flows from operating activities
Net increase (decrease) in net assets from operations	$ (1,715,308)	$ (1,974,619)
Changes in operating assets and liabilities:
Decrease in due from brokers	129,475	3,246,988
(Increase) decrease in futures contracts purchased	(227,285)	623,114
Decrease in unrealized appreciation on open forward contracts	(31,250)
Increase (decrease) in futures contracts sold	293,694	68,896
Increase in unrealized depreciation on open forward contracts	25,255
Decrease in management fees payable	(5,673)	(8,442)
Decrease in fees payable	(3,063)	(3,778)
Net cash provided by (used in) operating activities	(1,534,155)	1,952,159
Cash flows from financing activities
Subscriptions, net of change in advanced subscriptions	349,704	460,968
Redemptions, net of change in redemptions payable	(2,295,538)	(3,935,082)
Net cash used in financing activities	(1,945,834)	(3,474,114)
Net increase (decrease) in cash	(3,479,989)	(1,521,955)
Cash, beginning of period	9,619,391	12,702,894
Cash, end of period	6,139,402	11,180,939
SERIES A
Cash flows from operating activities
Net increase (decrease) in net assets from operations	(817,904)	(874,952)
Changes in operating assets and liabilities:
Decrease in due from brokers	56,622	1,297,092
(Increase) decrease in futures contracts purchased	(83,511)	233,405
Decrease in unrealized appreciation on open forward contracts	(9,768)
Increase (decrease) in futures contracts sold	118,867	25,378
Increase in unrealized depreciation on open forward contracts	6,970
Decrease in management fees payable	(2,939)	(3,960)
Decrease in fees payable	(1,800)	(1,830)
Net cash provided by (used in) operating activities	(733,463)	675,133
Cash flows from financing activities
Subscriptions, net of change in advanced subscriptions	158,812	206,542
Redemptions, net of change in redemptions payable	(1,237,449)	(1,887,536)
Net cash used in financing activities	(1,078,637)	(1,680,994)
Net increase (decrease) in cash	(1,812,100)	(1,005,861)
Cash, beginning of period	5,412,560	7,217,637
Cash, end of period	3,600,460	6,211,776
SERIES B
Cash flows from operating activities
Net increase (decrease) in net assets from operations	(897,404)	(1,099,667)
Changes in operating assets and liabilities:
Decrease in due from brokers	72,853	1,949,896
(Increase) decrease in futures contracts purchased	(143,774)	389,709
Decrease in unrealized appreciation on open forward contracts	(21,482)
Increase (decrease) in futures contracts sold	174,827	43,518
Increase in unrealized depreciation on open forward contracts	18,285
Decrease in management fees payable	(2,734)	(4,482)
Decrease in fees payable	(1,263)	(1,948)
Net cash provided by (used in) operating activities	(800,692)	1,277,026
Cash flows from financing activities
Subscriptions, net of change in advanced subscriptions	190,892	254,426
Redemptions, net of change in redemptions payable	(1,058,089)	(2,047,546)
Net cash used in financing activities	(867,197)	(1,793,120)
Net increase (decrease) in cash	(1,667,889)	(516,094)
Cash, beginning of period	4,206,831	5,485,257
Cash, end of period	$ 2,538,942	$ 4,969,163

XML

STATEMENTS OF OPERATIONS (Parenthetical) - shares	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
SERIES A
Weighted average number of Units outstanding	5,673.76	6,732.97	5,998.73	7,168.34
SERIES B
Weighted average number of Units outstanding	5,316.77	6,233.22	5,511.87	6,631.60

XML

Nature of operations

9 Months Ended

Sep. 30, 2016

Accounting Policies [Abstract]

Nature of operations

1. Nature of operations

Organization and Business

Superfund Green, L.P. (the “Fund”), a Delaware limited partnership, commenced operations on November 5, 2002. The Fund was organized to trade speculatively in the United States (“U.S.”) and international commodity futures and forward markets using a fully-automated computerized trading system. The Fund has issued two classes of units (“Units”), Series A and Series B (each, a “Series”). The two Series are traded and managed the same way except for the degree of leverage.

The terms of Series A and Series B each shall continue until December 31, 2050, unless the applicable Series is terminated earlier by the Fund’s general partner, Superfund Capital Management, Inc. (“Superfund Capital Management”) or by operation of law or a decline in the aggregate net assets of such Series to less than $500,000.

XML

Basis of presentation and significant accounting policies

9 Months Ended

Sep. 30, 2016

Accounting Policies [Abstract]

Basis of presentation and significant accounting policies

2. Basis of presentation and significant accounting policies

Basis of Presentation

The unaudited financial statements have been prepared in accordance with the rules and regulations of the Securities and Exchange Commission (“SEC”) and accounting principles generally accepted in the U.S. (“U.S. GAAP”) with respect to the Form 10-Q and reflect all adjustments which in the opinion of management are normal and recurring, and which are necessary for a fair statement of the results of interim periods presented. It is suggested that these financial statements be read in conjunction with the financial statements and the related notes included in the Fund’s Annual Report on Form 10-K for the year ended December 31, 2015.

Valuation of Investments in Futures Contracts and Forward Contracts

All commodity interests (including derivative financial instruments and derivative commodity instruments) are used for trading purposes. The commodity interests are recorded on a trade date basis and open contracts are recorded in the statements of assets and liabilities at fair value on the last business day of the period, which represents market value for those commodity interests for which market quotes are readily available.

Exchange-traded futures contracts are valued at settlement prices published by the recognized exchange. Any spot and forward foreign currency contracts held by the Fund will be valued at published settlement prices or at dealers’ quotes.

Translation of Foreign Currency

Assets and liabilities denominated in foreign currencies are translated into U.S. dollar amounts at the period-end exchange rates. Purchases and sales of investments and income and expenses that are denominated in foreign currencies are translated into U.S. dollar amounts on the transaction date. Adjustments arising from foreign currency transactions are reflected in the statements of operations.

The Fund does not isolate that portion of the results of operations arising from the effect of changes in foreign exchange rates on investments from fluctuations from changes in market prices of investments held. Such fluctuations are included in net realized and unrealized gain (loss) on investments in the statements of operations.

Investment Transactions, Investment Income and Expenses

Investment transactions are accounted for on a trade-date basis. Interest income and expenses are recognized on the accrual basis. Operating expenses of the Fund are allocated to each Series in proportion to the net asset value of the Series at the beginning of each month. Expenses directly attributable to a particular Series are charged directly to that Series.

Gains or losses are realized when contracts are liquidated. Unrealized gains and losses on open contracts (the difference between contract trade price and market price) are reported in the statements of operations as a net gain or loss, as there exists a right of offset of unrealized gains or losses in accordance with Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 210-20, Offsetting – Balance Sheet.

Set forth herein are instruments and transactions eligible for offset in the statements of assets and liabilities and which are subject to derivative clearing agreements with the Fund’s futures commission merchants. Each futures commission merchant nets margin held on behalf of each Series of the Fund or payment obligations of the futures commission merchant to each Series against any payment obligations of that Series to the futures commission merchant. Each Series is required to deposit margin at each futures commission merchant to meet the original and maintenance requirements established by that futures commission merchant, and/or the exchange or clearinghouse associated with the exchange on which the instrument is traded. The derivative clearing agreements give each futures commission merchant a security interest in this margin to secure any liabilities owed to the futures commission merchant arising from a default by the Series. As of September 30, 2016, the Fund had on deposit $2,205,239 at ADM Investor Services, Inc. and $4,183,343 at Merrill Lynch, Pierce, Fenner & Smith Inc. As of September 30, 2016, Series A had on deposit $919,418 at ADM Investor Services, Inc. and $1,669,451 at Merrill Lynch, Pierce, Fenner & Smith Inc. As of September 30, 2016, Series B had on deposit $1,285,821 at ADM Investor Services, Inc. and $2,513,892 at Merrill Lynch, Pierce, Fenner & Smith Inc.

Income Taxes

The Fund does not record a provision for U.S. income taxes because the partners report their share of the Fund’s income or loss on their returns. The financial statements reflect the Fund’s transactions without adjustment, if any, required for income tax purposes.

Superfund Capital Management has evaluated the application of ASC Topic 740, Income Taxes (“ASC 740”), to the Fund, to determine whether or not there are uncertain tax positions that require financial statement recognition. Based on this evaluation, Superfund Capital Management has determined no reserves for uncertain tax positions are required to be recorded as a result of the application of ASC 740. Superfund Capital Management is not aware of any tax positions for which it is reasonably possible that the total amounts of unrecognized tax benefits will change materially in the next twelve months. As a result, no income tax liability or expense has been recorded in the accompanying financial statements. The Fund files federal and various state tax returns. The 2013 through 2015 tax years generally remain subject to examination by the U.S. federal and most state tax authorities.

Use of Estimates

The preparation of financial statements in conformity with U.S. GAAP requires Superfund Capital Management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of increases and decreases in net assets from operations during the reporting period. Actual results could differ from those estimates.

Recently Adopted and/or Issued Accounting Pronouncements

ASU 2015-14

In August 2015, FASB issued ASU No. 2015-14, Revenue from Contracts with Customers (Topic 606) – Deferral of Effective Date (“ASU 2015-14”), which defers the effective date of ASU No. 2014-09, Revenue from Contracts with Customers (Topic 606) (“ASU 2014-09”). The amendments in ASU 2014-09 affect any entity that enters into contracts with customers to transfer goods or services or enters into contracts for the transfer of nonfinancial assets unless those contracts are within the scope of other standards. The guidance is effective for annual reporting periods beginning after December 15, 2017. Superfund Capital Management is evaluating the impact of ASU 2015-14 on the financial statements and disclosures.

XML

Fair Value Measurements

9 Months Ended

Sep. 30, 2016

Fair Value Disclosures [Abstract]

Fair Value Measurements

3. Fair Value Measurements

The Fund follows ASC 820, Fair Value Measurements and Disclosures, which establishes a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). The three levels of the fair value hierarchy under ASC 820 are described below:

Level 1:	Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities;
Level 2:	Quoted prices in markets that are not considered to be active or financial instruments for which all significant inputs are observable, either directly or indirectly;
Level 3:	Prices or valuations that require inputs that are both significant to the fair value measurement and unobservable.

A financial instrument’s level within the fair value hierarchy is based on the lowest level of any input that is significant to the fair value measurement.

Derivative Contracts. Derivative contracts can be exchange-traded or over-the-counter (“OTC”). Exchange-traded derivatives typically fall within Level 1 or Level 2 of the fair value hierarchy depending on whether they are deemed to be actively traded or not. The Fund has exposure to exchange-traded derivative contracts through the Fund’s trading of exchange-traded futures contracts. The Fund’s exchange-traded futures contract positions are valued daily at settlement prices published by the applicable exchanges. In such cases, provided they are deemed to be actively traded, exchange-traded derivatives are classified within Level 1 of the fair value hierarchy. Less actively traded exchange-traded derivatives fall within Level 2 of the fair value hierarchy.

OTC derivatives are valued using market transactions and other market evidence whenever possible, including market-based inputs to models, model calibration to market-clearing transactions, broker or dealer quotations, or alternative pricing sources with reasonable levels of price transparency. Where models are used, the selection of a particular model to value an OTC derivative depends upon the contractual terms of, and specific risks inherent in, the instrument as well as the availability of pricing information in the market. For OTC derivatives that trade in liquid markets, such as generic forwards and swaps, model inputs can generally be verified and model selection does not involve significant management judgment. The OTC derivatives held by the Fund may include forwards and swaps. Spot and forward foreign currency contracts held by the Fund are valued at published daily settlement prices or at dealers’ quotes. The Fund’s forward positions are typically classified within Level 2 of the fair value hierarchy.

Certain OTC derivatives trade in less liquid markets with limited pricing information, and the determination of fair value for these derivatives is inherently more difficult. Such instruments are classified within Level 3 of the fair value hierarchy. Where the Fund does not have corroborating market evidence to support significant model inputs and cannot verify the model to market transactions, transaction price is initially used as the best estimate of fair value. Accordingly, when a pricing model is used to value such an instrument, the model is adjusted so that the model value at inception equals the transaction price. The valuations of these less liquid OTC derivatives are typically based on Level 1 and/or Level 2 inputs that can be observed in the market, as well as unobservable Level 3 inputs. Subsequent to initial recognition, the Fund updates the Level 1 and Level 2 inputs to reflect observable market changes, with resulting gains and losses reflected within Level 3. Level 3 inputs are changed only when corroborated by evidence such as similar market transactions, third-party pricing services and/or broker or dealer quotations, or other empirical market data. In circumstances in which the Fund cannot verify the model value to market transactions, it is possible that a different valuation model could produce a materially different estimate of fair value. The Fund attempts to avoid holding less liquid OTC derivatives. However, once held, the market for any particular derivative contract could become less liquid during the holding period. There were no Level 3 holdings at September 30, 2016 or December 31, 2015 or during the periods then ended.

The following table summarizes the valuation of the Fund’s assets and liabilities by the ASC 820 fair value hierarchy as of September 30, 2016 and December 31, 2015:

Superfund Green, L.P.

	Balance September 30, 2016		Level 1		Level 2		Level 3
ASSETS
Unrealized appreciation on open forward contracts	$	31,250	$	—	$	31,250	$	—
Futures contracts sold		163,652		163,652		—
Futures contracts purchased		493,553		493,553		—		—
Total Assets Measured at Fair Value	$	688,455	$	657,205	$	31,250	$	—
LIABILITIES
Unrealized depreciation on open forward contracts	$	25,255	$	—	$	25,255	$	—
Futures contracts sold		370,264		370,264		—
Futures contracts purchased		182,924		182,924		—		—
Total Liabilities Measured at Fair Value	$	578,443	$	553,188	$	25,255	$	—
	Balance December 31, 2015		Level 1		Level 2		Level 3
ASSETS
Futures contracts sold	$	763,283	$	763,283	$	—	$	—
Futures contracts purchased		492,943		492,943		—		—
Total Assets Measured at Fair Value	$	1,256,226	$	1,256,226	$	—	$	—
LIABILITIES
Futures contracts sold	$	676,201	$	676,201	$	—	$	—
Futures contracts purchased		409,599		409,599		—		—
Total Liabilities Measured at Fair Value	$	1,085,800	$	1,085,800	$	—	$	—

Superfund Green, L.P. – Series A

	Balance September 30, 2016		Level 1		Level 2		Level 3
ASSETS
Unrealized appreciation on open forward contracts	$	9,768	$	—	$	9,768	$	—
Futures contracts sold		60,596		60,596		—
Futures contracts purchased		185,190		185,190		—		—
Total Assets Measured at Fair Value	$	255,554	$	245,786	$	9,768	$	—
LIABILITIES
Unrealized depreciation on open forward contracts	$	6,970	$	—	$	6,970	$	—
Futures contracts sold		152,752		152,752		—
Futures contracts purchased		67,463		67,463		—		—
Total Liabilities Measured at Fair Value	$	227,185	$	220,215	$	6,970	$	—
	Balance December 31, 2015		Level 1		Level 2		Level 3
ASSETS
Futures contracts sold	$	297,768	$	297,768	$	—	$	—
Futures contracts purchased		200,964		200,964		—		—
Total Assets Measured at Fair Value	$	498,732	$	498,732	$	—	$	—
LIABILITIES
Futures contracts sold	$	271,057	$	271,057	$	—	$	—
Futures contracts purchased		166,748		166,748		—		—
Total Liabilities Measured at Fair Value	$	437,805	$	437,805	$	—	$	—

Superfund Green, L.P. – Series B

	Balance September 30, 2016		Level 1		Level 2		Level 3
ASSETS
Unrealized appreciation on open forward contracts	$	21,482	$	—	$	21,482	$	—
Futures contracts sold		103,056		103,056		—
Futures contracts purchased		308,363		308,363		—		—
Total Assets Measured at Fair Value	$	432,901	$	411,419	$	21,482	$	—
LIABILITIES
Unrealized depreciation on open forward contracts	$	18,285	$	—	$	18,285	$	—
Futures contracts sold		217,512		217,512		—
Futures contracts purchased		115,461		115,461		—		—
Total Liabilities Measured at Fair Value	$	351,258	$	332,973	$	18,285	$	—
	Balance December 31, 2015		Level 1		Level 2		Level 3
ASSETS
Futures contracts sold	$	465,515	$	465,515	$	—	$	—
Futures contracts purchased		291,979		291,979		—		—
Total Assets Measured at Fair Value	$	757,494	$	757,494	$	—	$	—
LIABILITIES
Futures contracts sold	$	405,144	$	405,144	$	—	$	—
Futures contracts purchased		242,851		242,851		—		—
Total Liabilities Measured at Fair Value	$	647,995	$	647,995	$	—	$	—

XML

Disclosure of derivative instruments and hedging activities

9 Months Ended

Sep. 30, 2016

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Disclosure of derivative instruments and hedging activities

4. Disclosure of derivative instruments and hedging activities

The Fund follows ASC 815, Disclosures about Derivative Instruments and Hedging Activities (“ASC 815”). ASC 815 is intended to improve financial reporting for derivative instruments by requiring enhanced disclosure that enables investors to understand how and why an entity uses derivatives, how derivatives are accounted for, and how derivative instruments affect an entity’s results of operations and financial position.

Derivative instruments held by the Fund do not qualify as derivative instruments held as hedging instruments, as defined in ASC 815. Instead, the Fund includes derivative instruments in its trading activity. Per the requirements of ASC 815, the Fund discloses the gains and losses on its trading activities for both derivative and nonderivative instruments in the statements of operations.

The Fund engages in the speculative trading of forward contracts in currency and futures contracts in a wide range of commodities, including equity markets, interest rates, food and fiber, energy, livestock, and metals. ASC 815 requires entities to recognize all derivatives instruments as either assets or liabilities at fair value in the statement of financial position. Investments in forward contracts and commodity futures contracts are recorded in the statements of assets and liabilities as unrealized appreciation or depreciation on open forward contracts and futures contracts purchased and futures contracts sold. Since the derivatives held or sold by the Fund are for speculative trading purposes, the derivative instruments are not designated as hedging instruments under the provisions of ASC 815. Accordingly, all realized gains and losses, as well as any change in net unrealized gains or losses on open positions from the preceding period, are recognized as part of the Fund’s realized and unrealized gain (loss) on investments in the statements of operations.

Superfund Capital Management believes futures and forward trading activity expressed as a percentage of net assets is indicative of trading activity. Information concerning the fair value of the Fund’s derivatives held long or sold short, as well as information related to the annual average volume of the Fund’s derivative activity, is as follows:

Superfund Green, L.P.

The fair value of the Fund’s derivatives by instrument type, as well as the location of those instruments on the statement of assets and liabilities, as of September 30, 2016, is as follows:

Type of Instrument	Statement of Assets and Liabilities Location	Asset Derivatives at September 30, 2016		Liability Derivatives at September 30, 2016			Net
Foreign exchange contracts	Unrealized appreciation on open forward contracts	$	31,250	$	—		$	31,250
Foreign exchange contracts	Unrealized depreciation on open forward contracts		—		(25,255	)		(25,255	)
Futures contracts	Futures contracts purchased		493,553		(182,924	)		310,629
Futures contracts	Futures contracts sold		163,652		(370,264	)		(206,612	)
Totals		$	688,455	$	(578,443	)	$	110,012

The fair value of the Fund’s derivatives by instrument type, as well as the location of those instruments on the statement of assets and liabilities, as of December 31, 2015, is as follows:

Type of Instrument	Statement of Assets and Liabilities Location	Asset Derivatives at December 31, 2015		Liability Derivatives at December 31, 2015			Net
Futures contracts	Futures contracts purchased	$	492,943	$	(409,599	)	$	83,344
Futures contracts	Futures contracts sold		763,283		(676,201	)		87,082
Totals		$	1,256,226	$	(1,085,800	)	$	170,426

The Fund’s financial assets, derivative assets and cash collateral held by counterparties as of September 30, 2016 is as follows:

				Gross Amounts Not Offset in the Statement of Assets and Liabilities
Counterparty	Net Amount of Assets in the Statement of Assets and Liabilities			Financial Instruments Pledged		Cash Collateral Received		Net Amount
ADMIS	$	122,468		$	—	$	—	$	122,468
Merrill Lynch		(12,456	)		—		—		(12,456	)
Totals	$	110,012		$	—	$	—	$	110,012

The Fund’s financial assets, derivative assets and cash collateral held by counterparties as of December 31, 2015 is as follows:

				Gross Amounts Not Offset in the Statement of Assets and Liabilities
Counterparty	Net Amount of Assets in the Statement of Assets and Liabilities			Financial Instruments Pledged		Cash Collateral Received		Net Amount
ADMIS	$	(100,889	)	$	—	$	—	$	(100,889	)
Merrill Lynch		271,315			—		—		271,315
Totals	$	170,426		$	—	$	—	$	170,426

Effects of derivative instruments on the statement of operations for the three months ended September 30, 2016:

Derivatives not Designated as Hedging Instruments under ASC 815	Location of Gain (Loss) on Derivatives in Statement of Operations	Net Realized Gain (Loss) on Derivatives in Statement of Operations			Net Change in Unrealized Appreciation (Depreciation) on Derivatives in Statement of Operations
Foreign exchange contracts	Net realized/unrealized gain (loss) on futures and forward contracts	$	(13,194	)	$	5,995
Futures contracts	Net realized/unrealized gain (loss) on futures and forward contracts		501,455			(345,669	)
Total		$	488,261		$	(339,674	)

Effects of derivative instruments on the statement of operations for the nine months ended September 30, 2016:

Derivatives not Designated as Hedging Instruments under ASC 815	Location of Gain (Loss) on Derivatives in Statement of Operations	Net Realized Loss on Derivatives in Statement of Operations			Net Change in Unrealized Appreciation (Depreciation) on Derivatives in Statement of Operations
Foreign exchange contracts	Net realized/unrealized gain (loss) on futures and forward contracts	$	(1,056	)	$	5,995
Futures contracts	Net realized/unrealized loss on futures and forward contracts		(800,764	)		(66,409	)
Total		$	(801,820	)	$	(60,414	)

Effects of derivative instruments on the statement of operations for the three months ended September 30, 2015:

Derivatives not Designated as Hedging Instruments under ASC 815	Location of Gain (Loss) on Derivatives in Statement of Operations	Net Realized Loss on Derivatives in Statement of Operations			Net Change in Unrealized Appreciation on Derivatives in Statement of Operations
Foreign exchange contracts	Net realized/unrealized loss on futures and forward contracts	$	(11,841	)	$	—
Futures contracts	Net realized/unrealized gain (loss) on futures and forward contracts		(823,710	)		140,109
Total		$	(835,551	)	$	140,109

Effects of derivative instruments on the statement of operations for the nine months ended September 30, 2015:

Derivatives not Designated as Hedging Instruments under ASC 815	Location of Gain (Loss) on Derivatives in Statement of Operations	Net Realized Gain (Loss) on Derivatives in Statement of Operations			Net Change in Unrealized Depreciation on Derivatives in Statement of Operations
Foreign exchange contracts	Net realized/unrealized gain on futures and forward contracts	$	32,932		$	—
Futures contracts	Net realized/unrealized loss on futures and forward contracts		(224,371	)		(692,007	)
Total		$	(191,439	)	$	(692,007	)

Superfund Green, L.P. gross and net unrealized gains and losses by long and short positions as of September 30, 2016 and December 31, 2015:

	As of September 30, 2016
	Futures Contracts Purchased											Futures Contracts Sold
	Gains		% of Net Assets			Losses			% of Net Assets			Gains		% of Net Assets			Losses			% of Net Assets			Net Unrealized Gain (Loss) on Open Positions
Foreign Exchange	$	27,688		0.2		$	(13,962	)		(0.1	)	$	3,562		0.0	*	$	(11,293	)		(0.1	)	$	5,995
Currency		63,871		0.5			(3,931	)		(0.0	)*		14,778		0.1			(17,004	)		(0.1	)		57,714
Financial		140,680		1.0			(16,917	)		(0.1	)		—		—			(29,692	)		(0.2	)		94,071
Food & Fiber		26,811		0.2			(76,015	)		(0.6	)		55,738		0.5			(26,719	)		(0.2	)		(20,185	)
Indices		162,867		1.3			(63,384	)		(0.5	)		35,612		0.3			(38,903	)		(0.3	)		96,192
Metals		85,128		0.7			(22,677	)		(0.2	)		4,806		0.0	*		(210,313	)		(1.7	)		(143,056	)
Energy		9,467		0.1			—			—			22,510		0.2			(30,957	)		(0.3	)		1,020
Livestock		4,729		0.0	*		—			—			30,210		0.2			(16,678	)		(0.1	)		18,261
Totals	$	521,241		4.0		$	(196,886	)		(1.5	)	$	167,216		1.3		$	(381,559	)		(3.0	)	$	110,012

* Due to rounding – amount is less than 0.05%

	As of December 31, 2015
	Futures Contracts Purchased										Futures Contracts Sold
	Asset Derivatives		% of Net Assets		Liability Derivatives			% of Net Assets			Asset Derivatives		% of Net Assets			Liability Derivatives			% of Net Assets			Net Unrealized Gain (Loss) on Open Positions
Currency	$	25,804		0.2	$	(73,662	)		(0.5	)	$	95,399		0.6		$	(146,664	)		(0.9	)	$	(99,123	)
Financial		78,150		0.5		(3,785	)		(0.0	)*		4,821		0.0	*		(39,609	)		(0.2	)		39,577
Food & Fiber		64,490		0.4		(176,698	)		(1.1	)		182,433		1.1			(40,083	)		(0.3	)		30,142
Indices		211,901		1.3		(113,401	)		(0.7	)		199,752		1.3			(121,726	)		(0.8	)		176,526
Metals		51,982		0.3		(30,003	)		(0.2	)		47,150		0.3			(158,223	)		(1.0	)		(89,094	)
Livestock		17,990		0.1		—			—			—		—			(20,560	)		(0.1	)		(2,570	)
Energy		42,626		0.3		(12,050	)		(0.1	)		233,728		1.5			(149,336	)		(0.9	)		114,968
Totals	$	492,943		3.1	$	(409,599	)		(2.6	)	$	763,283		4.8		$	(676,201	)		(4.2	)	$	170,426

* Due to rounding – amount is less than 0.05%

Superfund Green L.P. monthly contract volume: For the three months ended September 30, 2016, the monthly average futures and forward contracts bought was 1,865 and the monthly average futures and forward contracts sold was 1,025. For the nine months ended September 30, 2016, the monthly average futures and forward contracts bought was 1,954 and the monthly average futures and forward contracts sold was 2,083. For the three months ended September 30, 2015, the monthly average futures contracts bought was 1,969 and the monthly average futures contracts sold was 2,106. For the nine months ended September 30, 2015, the monthly average futures contracts bought was 2,607 and the monthly average futures contracts sold was 1,589.

Superfund Green, L.P. trading results by market sector:

	For the Three Months Ended September 30, 2016
	Net Realized Gains (Losses)			Change in Net Unrealized Gains (Losses)			Net Trading Gains (Losses)
Foreign Exchange	$	(13,194	)	$	5,995		$	(7,199	)
Currency		(137,156	)		108,463			(28,693	)
Financial		270,122			(166,743	)		103,379
Food & Fiber		91,936			(164,610	)		(72,674	)
Indices		215,396			85,895			301,291
Metals		188,585			(265,523	)		(76,938	)
Livestock		14,290			48,380			62,670
Energy		(141,718	)		8,469			(133,249	)
Total net trading gains (losses) in Statement of Operations	$	488,261		$	(339,674	)	$	148,587

	For the Nine Months Ended September 30, 2016
	Net Realized Gains (Losses)			Change in Net Unrealized Gains (Losses)			Net Trading Gains (Losses)
Foreign Exchange	$	(1,056	)	$	5,995		$	4,939
Currency		(619,658	)		156,837			(462,821	)
Financial		540,279			54,497			594,776
Food & Fiber		120,141			(50,329	)		69,812
Indices		52,853			(80,334	)		(27,481	)
Metals		(493,751	)		(53,962	)		(547,713	)
Livestock		(16,810	)		45,740			28,930
Energy		(383,818	)		(138,858	)		(522,676	)
Total net trading losses in Statement of Operations	$	(801,820	)	$	(60,414	)	$	(862,234	)

	For the Three Months Ended September 30, 2015
	Net Realized Gains (Losses)			Change in Net Unrealized Gains (Losses)			Net Trading Gains (Losses)
Foreign Exchange	$	(11,841	)	$	—		$	(11,841	)
Currency		98,969			(89,406	)		9,563
Financial		106,471			12,993			119,464
Food & Fiber		(156,185	)		(58,007	)		(214,192	)
Indices		(766,950	)		27,147			(739,803	)
Metals		211,325			5,483			216,808
Livestock		(295,070	)		80,900			(214,170	)
Energy		(22,270	)		160,999			138,729
Total net trading gains (losses) in Statement of Operations	$	(835,551	)	$	140,109		$	(695,442	)

	For the Nine Months Ended September 30, 2015
	Net Realized Gains (Losses)			Change in Net Unrealized Gains (Losses)			Net Trading Gains (Losses)
Foreign Exchange	$	32,932		$	—		$	32,932
Currency		449,176			(123,547	)		325,629
Financial		(313,939	)		(436,026	)		(749,965	)
Food & Fiber		(251,813	)		(5,543	)		(257,356	)
Indices		315,853			(266,420	)		49,433
Metals		486,407			(141,788	)		344,619
Livestock		(907,080	)		206,470			(700,610	)
Energy		(2,975	)		74,844			71,869
Total net trading losses in Statement of Operations	$	(191,439	)	$	(692,010	)	$	(883,449	)

Superfund Green, L.P. – Series A

The fair value of the Fund’s derivatives by instrument type, as well as the location of those instruments on the statement of assets and liabilities, as of September 30, 2016, is as follows:

Type of Instrument	Statement of Assets and Liabilities Location	Asset Derivatives at September 30, 2016		Liability Derivatives at September 30, 2016			Net
Foreign exchange contracts	Unrealized appreciation on open forward contracts	$	9,768	$	—		$	9,768
Foreign exchange contracts	Unrealized depreciation on open forward contracts		—		(6,970	)		(6,970	)
Futures contracts	Futures contracts purchased		185,190		(67,463	)		117,727
Futures contracts	Futures contracts sold		60,596		(152,752	)		(92,156	)
Totals		$	255,554	$	(227,185	)	$	28,369

The fair value of the Fund’s derivatives by instrument type, as well as the location of those instruments on the statement of assets and liabilities, as of December 31, 2015, is as follows:

Type of Instrument	Statement of Assets and Liabilities Location	Asset Derivatives at December 31, 2015		Liability Derivatives at December 31, 2015			Net
Futures contracts	Futures contracts purchased	$	200,964	$	(166,748	)	$	34,216
Futures contracts	Futures contracts sold		297,768		(271,057	)		26,711
Totals		$	498,732	$	(437,805	)	$	60,927

The Fund’s financial assets, derivative assets and cash collateral held by counterparties as of September 30, 2016 is as follows:

				Gross Amounts Not Offset in the Statement of Assets and Liabilities
Counterparty	Net Amount of Assets in the Statement of Assets and Liabilities			Financial Instruments Pledged		Cash Collateral Received		Net Amount
ADMIS	$	39,373		$	—	$	—	$	39,373
Merrill Lynch		(11,004	)		—		—		(11,004	)
Totals	$	28,369		$	—	$	—	$	28,369

The Fund’s financial assets, derivative assets and cash collateral held by counterparties as of December 31, 2015 is as follows:

				Gross Amounts Not Offset in the Statement of Assets and Liabilities
Counterparty	Net Amount of Assets in the Statement of Assets and Liabilities			Financial Instruments Pledged		Cash Collateral Received		Net Amount
ADMIS	$	(51,324	)	$	—	$	—	$	(51,324	)
Merrill Lynch		112,251			—		—		112,251
Totals	$	60,927		$	—	$	—	$	60,927

Effects of derivative instruments on the statement of operations for the three months ended September 30, 2016:

Derivatives not Designated as Hedging Instruments under ASC 815	Location of Gain (Loss) on Derivatives in Statement of Operations	Net Realized Gain on Derivatives in Statement of Operations		Net Change in Unrealized Appreciation (Depreciation) on Derivatives in Statement of Operations
Foreign exchange contracts	Net realized/unrealized gain on futures and forward contracts	$	595	$	2,798
Futures contracts	Net realized/unrealized gain (loss) on futures and forward contracts		195,059		(138,726	)
Total		$	195,654	$	(135,928	)

Effects of derivative instruments on the statement of operations for the nine months ended September 30, 2016:

Derivatives not Designated as Hedging Instruments under ASC 815	Location of Gain (Loss) on Derivatives in Statement of Operations	Net Realized Gain (Loss) on Derivatives in Statement of Operations			Net Change in Unrealized Appreciation (Depreciation) on Derivatives in Statement of Operations
Foreign exchange contracts	Net realized/unrealized gain on futures and forward contracts	$	4,162		$	2,798
Futures contracts	Net realized/unrealized loss on futures and forward contracts		(390,567	)		(35,355	)
Total		$	(386,405	)	$	(32,557	)

Effects of derivative instruments on the statement of operations for the three months ended September 30, 2015:

Derivatives not Designated as Hedging Instruments under ASC 815	Location of Gain (Loss) on Derivatives in Statement of Operations	Net Realized Loss on Derivatives in Statement of Operations			Net Change in Unrealized Appreciation on Derivatives in Statement of Operations
Foreign exchange contracts	Net realized/unrealized loss on futures and forward contracts	$	(5,259	)	$	—
Futures contracts	Net realized/unrealized gain (loss) on futures and forward contracts		(292,298	)		34,114
Total		$	(297,557	)	$	34,114

Effects of derivative instruments on the statement of operations for the nine months ended September 30, 2015:

Derivatives not Designated as Hedging Instruments under ASC 815	Location of Gain (Loss) on Derivatives in Statement of Operations	Net Realized Gain (Loss) on Derivatives in Statement of Operations			Net Change in Unrealized Depreciation on Derivatives in Statement of Operations
Foreign exchange contracts	Net realized/unrealized gain on futures and forward contracts	$	10,552		$	—
Futures contracts	Net realized/unrealized loss on futures and forward contracts		(126,755	)		(258,781	)
Total		$	(116,203	)	$	(258,781	)

Superfund Green, L.P. – Series A gross and net unrealized gains and losses by long and short positions as of September 30, 2016 and December 31, 2015:

	As of September 30, 2016
	Futures Contracts Purchased										Futures Contracts Sold
	Gains		% of Net Assets		Losses			% of Net Assets			Gains		% of Net Assets			Losses			% of Net Assets			Net Unrealized Gain (Loss) on Open Positions
Foreign Exchange	$	8,602		0.1	$	(4,794	)		(0.1	)	$	1,166		0.0	*	$	(2,176	)		(0.0	)*	$	2,798
Currency		24,981		0.4		(1,550	)		(0.0	)*		5,818		0.1			(6,959	)		(0.1	)		22,290
Financial		53,662		0.9		(5,535	)		(0.1	)		—		—			(10,623	)		(0.2	)		37,504
Food & Fiber		9,727		0.2		(27,171	)		(0.5	)		20,025		0.3			(15,691	)		(0.3	)		(13,110	)
Indices		59,171		1.0		(23,313	)		(0.4	)		15,376		0.3			(16,208	)		(0.3	)		35,026
Metals		32,921		0.6		(9,895	)		(0.4	)		1,639		0.0	*		(86,595	)		(1.5	)		(61,930	)
Livestock		—		—		—			—			15,350		0.3			—			—			15,350
Energy		4,729		0.1		—			—			2,390		0.0	*		(16,678	)		(0.3	)		(9,559	)
Totals	$	193,793		3.3	$	(72,258	)		(1.3	)	$	61,764		1.0		$	(154,930	)		(2.7	)	$	28,369

* Due to rounding – amount is less than 0.05%

	As of December 31, 2015
	Futures Contracts Purchased										Futures Contracts Sold
	Asset Derivatives		% of Net Assets		Liability Derivatives			% of Net Assets			Asset Derivatives		% of Net Assets		Liability Derivatives			% of Net Assets			Net Unrealized Gain (Loss) on Open Positions
Currency	$	10,300		0.1	$	(30,119	)		(0.4	)	$	37,040		0.5	$	(59,172	)		(0.8	)	$	(41,951	)
Financial		31,941		0.4		(1,525	)		(0.0	)*		4,486		0.1		(15,994	)		(0.2	)		18,908
Food & Fiber		24,650		0.3		(71,684	)		(0.9	)		73,127		0.9		(18,694	)		(0.2	)		7,399
Indices		86,482		1.1		(46,035	)		(0.6	)		80,284		1.0		(46,578	)		(0.6	)		74,153
Metals		19,838		0.3		(12,445	)		(0.2	)		18,053		0.2		(62,758	)		(0.8	)		(37,312	)
Livestock		8,080		0.1		—			—			—		—		(7,490	)		(0.1	)		590
Energy		19,673		0.3		(4,940	)		(0.1	)		84,778		1.1		(60,371	)		(0.8	)		39,140
Totals	$	200,964		2.6	$	(166,748	)		(2.2	)	$	297,768		3.8	$	(271,057	)		(3.5	)	$	60,927

* Due to rounding – amount is less than 0.05%

Series A monthly contract volume: For the three months ended September 30, 2016, the monthly average futures and forward contracts bought was 708 and the monthly average futures and forward contracts sold was 396. For the nine months ended September 30, 2016, the monthly average futures and forward contracts bought was 758 and the monthly average futures and forward contracts sold was 687. For the three months ended September 30, 2015, the monthly average futures contracts bought was 750 and the monthly average futures contracts sold was 822. For the nine months ended September 30, 2015, the monthly average futures contracts bought was 972 and the monthly average futures contracts sold was 603.

Series A trading results by market sector:

	For the Three Months Ended September 30, 2016
	Net Realized Gains (Losses)			Change in Net Unrealized Gains (Losses)			Net Trading Gains (Losses)
Foreign Exchange	$	595		$	2,798		$	3,393
Currency		(52,810	)		44,003			(8,807	)
Financial		91,195			(50,962	)		40,233
Food & Fiber		37,813			(67,648	)		(29,835	)
Indices		80,549			22,888			103,437
Metals		83,778			(105,869	)		(22,091	)
Livestock		9,320			15,800			25,120
Energy		(54,786	)		3,062			(51,724	)
Total net trading gains (losses) in Statement of Operations	$	195,654		$	(135,928	)	$	59,726
	For the Nine Months Ended September 30, 2016
	Net Realized Gains (Losses)			Change in Net Unrealized Gains (Losses)			Net Trading Gains (Losses)
Foreign Exchange	$	4,162		$	2,798		$	6,960
Currency		(243,667	)		64,241			(179,426	)
Financial		202,918			18,599			221,517
Food & Fiber		36,229			(20,511	)		15,718
Indices		(30,670	)		(39,127	)		(69,797	)
Metals		(182,251	)		(24,618	)		(206,869	)
Livestock		(660	)		14,760			14,100
Energy		(172,466	)		(48,699	)		(221,165	)
Total net trading losses in Statement of Operations	$	(386,405	)	$	(32,557	)	$	(418,962	)
	For the Three Months Ended September 30, 2015
	Net Realized Gains (Losses)			Change in Net Unrealized Gains (Losses)			Net Trading Gains (Losses)
Foreign Exchange	$	(5,259	)	$	—		$	(5,259	)
Currency		23,999			(32,926	)		(8,927	)
Financial		48,056			(2,049	)		46,007
Food & Fiber		(60,891	)		(28,889	)		(89,780	)
Indices		(273,138	)		(2,964	)		(276,102	)
Metals		82,291			7,285			89,576
Livestock		(111,390	)		28,280			(83,110	)
Energy		(1,225	)		65,377			64,152
Total net trading gains (losses) in Statement of Operations	$	(297,557	)	$	34,114		$	(263,443	)
	For the Nine Months Ended September 30, 2015
	Net Realized Gains (Losses)			Change in Net Unrealized Gains (Losses)			Net Trading Gains (Losses)
Foreign Exchange	$	10,552		$	—		$	10,552
Currency		159,527			(44,475	)		115,052
Financial		(273,280	)		(166,898	)		(440,178	)
Food & Fiber		(82,944	)		(12,821	)		(95,765	)
Indices		(57,165	)		(94,685	)		(151,850	)
Metals		460,497			(45,175	)		415,322
Livestock		(343,320	)		74,380			(268,940	)
Energy		9,930			30,893			40,823
Total net trading losses in Statement of Operations	$	(116,203	)	$	(258,781	)	$	(374,984	)

Superfund Green, L.P. – Series B

The fair value of the Fund’s derivatives by instrument type, as well as the location of those instruments on the statement of assets and liabilities, as of September 30, 2016, is as follows:

Type of Instrument	Statement of Assets and Liabilities Location	Asset Derivatives at September 30, 2016		Liability Derivatives at September 30, 2016			Net
Foreign exchange contracts	Unrealized appreciation on open forward contracts	$	21,482	$	—		$	21,482
Foreign exchange contracts	Unrealized depreciation on open forward contracts		—		(18,285	)		(18,285	)
Futures contracts	Futures contracts purchased		308,363		(115,461	)		192,902
Futures contracts	Futures contracts sold		103,056		(217,512	)		(114,456	)
Totals		$	432,901	$	(351,258	)	$	81,643

The fair value of the Fund’s derivatives by instrument type, as well as the location of those instruments on the statements of assets and liabilities, as of December 31, 2015, is as follows:

Type of Instrument	Statement of Assets and Liabilities Location	Asset Derivatives at December 31, 2015		Liability Derivatives at December 31, 2015			Net
Futures contracts	Futures contracts purchased	$	291,979	$	(242,851	)	$	49,128
Futures contracts	Futures contracts sold		465,515		(405,144	)		60,371
Totals		$	757,494	$	(647,995	)	$	109,499

The Fund’s financial assets, derivative assets and cash collateral held by counterparties as of September 30, 2016 is as follows:

				Gross Amounts Not Offset in the Statement of Assets and Liabilities
Counterparty	Net Amount of Assets in the Statement of Assets and Liabilities			Financial Instruments Pledged		Cash Collateral Received		Net Amount
ADMIS	$	83,095		$	—	$	—	$	83,095
Merrill Lynch		(1,452	)		—		—		(1,452	)
Totals	$	81,643		$	—	$	—	$	81,643

The Fund’s financial assets, derivative assets and cash collateral held by counterparties as of December 31, 2015 is as follows:

				Gross Amounts Not Offset in the Statement of Assets and Liabilities
Counterparty	Net Amount of Assets in the Statement of Assets and Liabilities			Financial Instruments Pledged		Cash Collateral Received		Net Amount
ADMIS	$	(49,565	)	$	—	$	—	$	(49,565	)
Merrill Lynch		159,064			—		—		159,064
Totals	$	109,499		$	—	$	—	$	109,499

Effects of derivative instruments on the statement of operations for the three months ended September 30, 2016:

Derivatives not Designated as Hedging Instruments under ASC 815	Location of Gain (Loss) on Derivatives in Statement of Operations	Net Realized Gain (Loss) on Derivatives in Statement of Operations			Net Change in Unrealized Appreciation (Depreciation) on Derivatives in Statement of Operations
Foreign exchange contracts	Net realized/unrealized gain (loss) on futures and forward contracts	$	(13,789	)	$	3,197
Futures contracts	Net realized/unrealized gain (loss) on futures and forward contracts		306,396			(206,943	)
Total		$	292,607		$	(203,746	)

Effects of derivative instruments on the statement of operations for the nine months ended September 30, 2016:

Derivatives not Designated as Hedging Instruments under ASC 815	Location of Gain (Loss) on Derivatives in Statement of Operations	Net Realized Loss on Derivatives in Statement of Operations			Net Change in Unrealized Appreciation (Depreciation) on Derivatives in Statement of Operations
Foreign exchange contracts	Net realized/unrealized gain (loss) on futures and forward contracts	$	(5,218	)	$	3,197
Futures contracts	Net realized/unrealized loss on futures and forward contracts		(410,197	)		(31,054	)
Total		$	(415,415	)	$	(27,857	)

Effects of derivative instruments on the statement of operations for the three months ended September 30, 2015:

Derivatives not Designated as Hedging Instruments under ASC 815	Location of Gain (Loss) on Derivatives in Statement of Operations	Net Realized Loss on Derivatives in Statement of Operations			Net Change in Unrealized Appreciation on Derivatives in Statement of Operations
Foreign exchange contracts	Net realized/unrealized loss on futures and forward contracts	$	(6,582	)	$	—
Futures contracts	Net realized/unrealized gain (loss) on futures and forward contracts		(531,412	)		105,995
Total		$	(537,994	)	$	105,995

Effects of derivative instruments on the statement of operations for the nine months ended September 30, 2015:

Derivatives not Designated as Hedging Instruments under ASC 815	Location of Gain (Loss) on Derivatives in Statement of Operations	Net Realized Gain (Loss) on Derivatives in Statement of Operations			Net Change in Unrealized Depreciation on Derivatives in Statement of Operations
Foreign exchange contracts	Net realized/unrealized gain on futures and forward contracts	$	22,380		$	—
Futures contracts	Net realized/unrealized loss on futures and forward contracts		(97,616	)		(433,226	)
Total		$	(75,236	)	$	(433,226	)

Series B gross and net unrealized gains and losses by long and short positions as of September 30, 2016 and December 31, 2015:

	As of September 30, 2016
	Futures Contracts Purchased										Futures Contracts Sold
	Gains		% of Net Assets		Losses			% of Net Assets			Gains		% of Net Assets			Losses			% of Net Assets			Net Unrealized Gain (Loss) on Open Positions
Foreign Exchange	$	19,086		0.3	$	(9,168	)		(0.1	)	$	2,396		0.0	*	$	(9,117	)		(0.1	)	$	3,197
Currency		38,890		0.6		(2,381	)		(0.0	)*		8,960		0.1			(10,045	)		(0.2	)		35,424
Financial		87,018		1.4		(11,382	)		(0.2	)		—		—			(19,069	)		(0.3	)		56,567
Food & Fiber		17,084		0.3		(48,844	)		(0.8	)		35,713		0.6			(11,028	)		(0.2	)		(7,075	)
Indices		103,696		1.6		(40,071	)		(0.6	)		20,236		0.3			(22,695	)		(0.4	)		61,166
Metals		52,207		0.8		(12,782	)		(0.2	)		3,167		0.1			(123,718	)		(2.0	)		(81,126	)
Energy		9,467		0.2		—			—			7,160		0.1			(30,957	)		(0.5	)		(14,330	)
Livestock		—		—		—			—			27,820		0.4			—			—			27,820
Totals	$	327,448		5.2	$	(124,628	)		(1.9	)	$	105,452		1.6		$	(226,629	)		(3.7	)	$	81,643

* Due to rounding – amount is less than 0.05%

	As of December 31, 2015
	Futures Contracts Purchased										Futures Contracts Sold
	Asset Derivatives		% of Net Assets		Liability Derivatives			% of Net Assets			Asset Derivatives		% of Net Assets			Liability Derivatives			% of Net Assets			Net Unrealized Gain (Loss) on Open Positions
Currency	$	15,504		0.2	$	(43,543	)		(0.5	)	$	58,359		0.7		$	(87,492	)		(1.1	)	$	(57,172	)
Financial		46,209		0.6		(2,260	)		(0.0	)*		335		0.0	*		(23,615	)		(0.3	)		20,669
Food & Fiber		39,840		0.5		(105,014	)		(1.3	)		109,306		1.4			(21,389	)		(0.3	)		22,743
Indices		125,419		1.6		(67,366	)		(0.8	)		119,468		1.5			(75,148	)		(0.9	)		102,373
Metals		32,144		0.4		(17,558	)		(0.2	)		29,097		0.4			(95,465	)		(1.2	)		(51,782	)
Livestock		9,910		0.1		—			—			—		—			(13,070	)		(0.2	)		(3,160	)
Energy		22,953		0.3		(7,110	)		(0.1	)		148,950		1.8			(88,965	)		(1.1	)		75,828
Totals	$	291,979		3.7	$	(242,851	)		(2.9	)	$	465,515		5.8		$	(405,144	)		(5.1	)	$	109,499

* Due to rounding – amount is less than 0.05%

Series B monthly contract volume: For the three months ended September 30, 2016, the monthly average futures and forward contracts bought was 1,157 and the monthly average futures and forward contracts sold was 629. For the nine months ended September 30, 2016, the monthly average futures and forward contracts bought was 1,196 and the monthly average futures and forward contracts sold was 1,063. For the three months ended September 30, 2015, the monthly average futures contracts bought was 1,220 and the monthly average futures contracts sold was 1,284. For the nine months ended September 30, 2015, the monthly average futures contracts bought was 1,635 and the monthly average futures contracts sold was 986.

Series B trading results by market sector:

	For the Three Months Ended September 30, 2016
	Net Realized Gains (Losses)			Change in Net Unrealized Gains (Losses)			Net Trading Gains (Losses)
Foreign Exchange	$	(13,789	)	$	3,197		$	(10,592	)
Currency		(84,346	)		64,460			(19,886	)
Financial		178,927			(115,781	)		63,146
Food & Fiber		54,123			(96,962	)		(42,839	)
Indices		134,847			63,007			197,854
Metals		104,807			(159,654	)		(54,847	)
Livestock		4,970			32,580			37,550
Energy		(86,932	)		5,407			(81,525	)
Total net trading gains (losses) in Statement of Operations	$	292,607		$	(203,746	)	$	88,861

	For the Nine Months Ended September 30, 2016
	Net Realized Gains (Losses)			Change in Net Unrealized Gains (Losses)			Net Trading Gains (Losses)
Foreign Exchange	$	(5,218	)	$	3,197		$	(2,021	)
Currency		(375,991	)		92,596			(283,395	)
Financial		337,361			35,898			373,259
Food & Fiber		83,912			(29,818	)		54,094
Indices		83,523			(41,207	)		42,316
Metals		(311,500	)		(29,344	)		(340,844	)
Livestock		(16,150	)		30,980			14,830
Energy		(211,352	)		(90,159	)		(301,511	)
Total net trading losses in Statement of Operations	$	(415,415	)	$	(27,857	)	$	(443,272	)

	For the Three Months Ended September 30, 2015
	Net Realized Gains (Losses)			Change in Net Unrealized Gains (Losses)			Net Trading Gains (Losses)
Foreign Exchange	$	(6,582	)	$	—		$	(6,582	)
Currency		74,970			(56,480	)		18,490
Financial		58,415			15,042			73,457
Food & Fiber		(95,294	)		(29,118	)		(124,412	)
Indices		(493,812	)		30,111			(463,701	)
Metals		129,034			(1,802	)		127,232
Livestock		(183,680	)		52,620			(131,060	)
Energy		(21,045	)		95,622			74,577
Total net trading gains (losses) in Statement of Operations	$	(537,994	)	$	105,995		$	(431,999	)

	For the Nine Months Ended September 30, 2015
	Net Realized Gains (Losses)			Change in Net Unrealized Gains (Losses)			Net Trading Gains (Losses)
Foreign Exchange	$	22,380		$	—		$	22,380
Currency		289,649			(79,072	)		210,577
Financial		(40,659	)		(269,128	)		(309,787	)
Food & Fiber		(168,869	)		7,278			(161,591	)
Indices		373,018			(171,735	)		201,283
Metals		25,910			(96,611	)		(70,701	)
Livestock		(563,760	)		132,090			(431,670	)
Energy		(12,905	)		43,951			31,046
Total net trading losses in Statement of Operations	$	(75,236	)	$	(433,227	)	$	(508,463	)

XML

Due from/to brokers

9 Months Ended

Sep. 30, 2016

Brokers and Dealers [Abstract]

Due from/to brokers

5. Due from/to brokers

Due from brokers consists of proceeds from securities sold. Amounts due from brokers may be restricted to the extent that they serve as deposits for securities sold short. Amounts due to brokers, if any, represent margin borrowings that are collateralized by certain securities. As of September 30, 2016 and December 31, 2015, there were no amounts due to brokers.

In the normal course of business, all of the Fund’s marketable securities transactions, money balances and marketable security positions are transacted with brokers. The Fund is subject to credit risk to the extent any broker with whom it conducts business is unable to fulfill contractual obligations on its behalf.

XML

Allocation of net profits and losses

9 Months Ended

Sep. 30, 2016

Text Block [Abstract]

Allocation of net profits and losses

6. Allocation of net profits and losses

In accordance with the Fund’s Sixth Amended and Restated Limited Partnership Agreement, net profits and losses of the Fund are allocated to partners according to their respective interests in the Fund as of the beginning of each month.

Subscriptions received in advance, if any, represent cash received prior to the balance sheet date for subscriptions of the subsequent month and do not participate in the earnings of the Fund until the following month.

XML

Related party transactions

9 Months Ended

Sep. 30, 2016

Related Party Transactions [Abstract]

Related party transactions

7. Related party transactions

Superfund Capital Management shall be paid a management fee equal to one-twelfth of 1.85% of month-end net assets (1.85% per annum), ongoing offering expenses equal to one-twelfth of 1% of month-end net assets (1% per annum), not to exceed the amount of actual expenses incurred, and monthly operating expenses equal to one-twelfth of 0.15% of month-end net assets (0.15% per annum), not to exceed the amount of actual expenses incurred. Superfund Capital Management will also be paid a monthly performance/incentive fee equal to 25% of the new appreciation without respect to interest income. Trading losses will be carried forward and no further performance/incentive fee may be paid until the prior losses have been recovered. In addition, Superfund Brokerage Services, Inc., an affiliate of Superfund Capital Management, serves as the introducing broker for the Fund’s futures transactions and receives a portion of the brokerage commissions paid by the Fund in connection with its futures trading. Superfund USA, LLC, an entity related to Superfund Capital Management by common ownership, shall be paid monthly selling commissions equal to one-twelfth of 4% (4% per annum) of the month-end net asset value of the Fund. However, the maximum cumulative selling commission per Unit is limited to 10% of the initial public offering price of Units sold. Selling commissions charged as of the end of each month in excess of 10% of the initial public offering price of Units sold shall not be paid out to any selling agent but shall instead be held in a separate account. Accrued monthly performance fees, if any, will then be charged against both net assets of the Fund as of month-end, as well as against amounts held in the separate account. Any increase or decrease in net assets and any accrued interest will then be credited or charged to each investor (a “Limited Partner”) on a pro rata basis. The remainder of the amounts held in the separate account, if any, shall then be reinvested in Units as of such month-end, at the current net asset value, for the benefit of the appropriate Limited Partner. The amount of any distribution to a Limited Partner, any amount paid to a Limited Partner on redemption of Units and any redemption fee paid to Superfund Capital Management upon the redemption of Units will be charged to that Limited Partner. Selling commissions are shown gross on the statements of operations and amounts over the 10% selling commission threshold are rebated to the Limited Partner by purchasing Units of the Fund.

XML

Financial highlights

9 Months Ended

Sep. 30, 2016

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Financial highlights

8. Financial highlights

Financial highlights for the period January 1 through September 30 are as follows:

	2016						2015
	Series A			Series B			Series A			Series B
Total Return*
Total return before incentive fees		(11.1	)%		(11.9	)%		(10.1	)%		(12.4	)%
Incentive fees		0.0			0.0			0.0			0.0
Total return after incentive fees		(11.1	)%		(11.9	)%		(10.1	)%		(12.4	)%
Ratios to average partners’ capital
Operating expenses before incentive fees		5.8	%		6.3	%		5.5	%		6.1	%
Incentive fees		0.0			0.0			0.0			0.0
Total expenses		5.8	%		6.3	%		5.5	%		6.1	%
Net investment loss		(5.7	)%		(6.2	)%		(5.5	)%		(6.1	)%
Net asset value per unit, beginning of period	$	1,222.26			1,392.13		$	1,283.60		$	1,462.68
Net investment loss		(66.25	)		(82.22	)		(69.45	)		(88.53	)
Net loss on investments		(65.77	)		(80.50	)		(58.06	)		(93.74	)
Net asset value per unit, end of period	$	1,090.24			1,229.41		$	1,156.09		$	1,280.41
Other per Unit information:
Net decrease in net assets from operations per Unit (based upon weighted average number of Units during period) upon weighted average number of Units during period)	$	(136.35	)		(162.81	)	$	(122.06	)	$	(165.82	)
Net decrease in net assets from operations per Unit (based upon change in net asset value per Unit) upon change in net asset value per Unit)	$	(132.02	)		(162.72	)	$	(127.51	)	$	(182.27	)

Financial highlights for the period July 1 through September 30 are as follows:

	2016						2015
	Series A			Series B			Series A			Series B
Total Return*
Total return before incentive fees		(1.2	)%		(1.1	)%		(5.0	)%		(6.9	)%
Incentive fees		0.0			0.0			0.0			0.0
Total return after incentive fees		(1.2	)%		(1.1	)%		(5.0	)%		(6.9	)%
Ratios to average partners’ capital
Operating expenses before incentive fees		1.9	%		2.0	%		1.9	%		2.0	%
Incentive fees		0.0			0.0			0.0			0.0
Total expenses		1.9	%		2.0	%		1.9	%		2.0	%
Net investment loss		(1.9	)%		(2.0	)%		(1.9	)%		(2.0	)%
Net asset value per unit, beginning of period	$	1,101.60			1,241.52		$	1,216.01		$	1,375.18
Net investment loss		(21.04	)		(25.80	)		(22.19	)		(27.31	)
Net gain (loss) on investments		9.68			13.69			(37.73	)		(67.46	)
Net asset value per unit, end of period	$	1,090.24			1,229.41		$	1,156.09		$	1,280.41
Other per Unit information:
Net decrease in net assets from operations per Unit (based upon weighted average number of Units during period) upon weighted average number of Units during period)	$	(10.50	)		(9.11	)	$	(61.92	)	$	(97.38	)
Net decrease in net assets from operations per Unit (based upon change in net asset value per Unit) upon change in net asset value per Unit)	$	(11.36	)		(12.11	)	$	(59.92	)	$	(94.77	)

* Total return is calculated for each Series of the Fund taken as a whole. An individual’s return may vary from these returns based on the timing of capital transactions.

Financial highlights are calculated for each series taken as a whole. An individual partner’s return, per unit data, and ratios may vary based on the timing of capital transactions.

XML

Financial instrument risk

9 Months Ended

Sep. 30, 2016

Investments, All Other Investments [Abstract]

Financial instrument risk

9. Financial instrument risk

In the normal course of its business, the Fund is party to financial instruments with off-balance sheet risk, including derivative financial instruments and derivative commodity instruments. The term “off-balance sheet risk” refers to an unrecorded potential liability that, even though it does not appear on the balance sheet, may result in a future obligation or loss. These financial instruments may include forwards, futures and options, whose values are based upon an underlying asset, index, or reference rate, and generally represent future commitments to exchange currencies or cash flows, to purchase or sell other financial instruments at specific terms at specific future dates, or, in the case of derivative commodity instruments, to have a reasonable possibility to be settled in cash, through physical delivery or with another financial instrument. These instruments may be traded on an exchange or OTC. Exchange-traded instruments are standardized and include futures and certain option contracts. OTC contracts are negotiated between contracting parties and include forwards and certain options. Each of these instruments is subject to various risks similar to those related to the underlying financial instruments including market and credit risk. In general, the risks associated with OTC contracts are greater than those associated with exchange-traded instruments because of the greater risk of default by the counterparty to an OTC contract.

For the Fund, gross unrealized gains and losses related to exchange-traded futures were $657,205 and $553,188, respectively at September 30, 2016. For the Fund, gross unrealized gains and losses related to exchange-traded futures were $953,099 and $925,717, respectively, at September 30, 2015. For the Fund, gross unrealized gains and losses related to non-exchange traded forwards were $31,250 and $25,255, respectively, at September 30, 2016.

For Series A, gross unrealized gains and losses related to exchange-traded futures were $245,786 and $220,215, respectively at September 30, 2016. For Series A, gross unrealized gains and losses related to exchange-traded futures were $381,211 and $371,398, respectively, at September 30, 2015. For Series A, gross unrealized gains and losses related to non-exchange traded forwards were $9,768 and $6,970, respectively, at September 30, 2016.

For Series B, gross unrealized gains and losses related to exchange-traded futures were $411,419 and $332,973, respectively at September 30, 2016. For Series B, gross unrealized gains and losses related to exchange-traded futures were $571,888 and $554,319, respectively, at September 30, 2015. For Series B, gross unrealized gains and losses related to non-exchange traded forwards were $21,482 and $18,285, respectively, at September 30, 2016.

Market risk is the potential for changes in the value of the financial instruments traded by the Fund due to market changes, including interest and foreign exchange rate movements and fluctuations in commodity or security prices. In entering into these contracts, there exists a market risk that such contracts may be significantly influenced by conditions such as interest rate volatility, resulting in such contracts being less valuable. If the markets should move against all of the futures interest positions at the same time, and Superfund Capital Management was unable to offset such positions, the Fund could experience substantial losses.

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. Credit risk with respect to exchange-traded instruments is reduced to the extent that an exchange or clearing organization acts as a counterparty to the transactions. The Fund’s risk of loss in the event of counterparty default is typically limited to the amounts recognized in the statements of assets and liabilities and not represented by the contract or notional amounts of the instruments. As the Fund’s assets are held in segregated accounts with futures commission merchants, the Fund has credit risk and concentration risk. The Fund’s futures commission merchants are currently ADM Investor Services, Inc. and Merrill Lynch, Pierce, Fenner & Smith Inc.

Superfund Capital Management monitors and attempts to control the Fund’s 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 Fund is subject. These monitoring systems allow Superfund Capital Management to statistically analyze actual trading results with risk adjusted performance indicators and correlation statistics. In addition, on-line monitoring systems provide account analysis of futures and forward positions by sector, margin requirements, gain and loss transactions, and collateral positions.

The majority of these futures and forwards mature within one year of September 30, 2016. However, due to the nature of the Fund’s business, these instruments may not be held to maturity.

XML

Subscriptions and redemptions

9 Months Ended

Sep. 30, 2016

Text Block [Abstract]

Subscriptions and redemptions

10. Subscriptions and redemptions

Effective May 1, 2014, the Fund no longer accepts subscriptions.

A Limited Partner may request any or all of his investment in such Series be redeemed by such Series at the net asset value of a Unit within such Series as of the end of each month, subject to a minimum redemption of $1,000 and subject further to such Limited Partner having an investment in such Series, after giving effect to the requested redemption, at least equal to the minimum initial investment amount of $10,000. Limited Partners must transmit a written request of such redemption to Superfund Capital Management not less than five business days prior to the end of the month (or such shorter period as permitted by Superfund Capital Management) as of which the redemption is to be effective. Redemptions will generally be paid within twenty days after the effective date of the redemption. However, in special circumstances, including, but not limited to, inability to liquidate dealers’ positions as of a redemption date or default or delay in payments due to each Series from clearing brokers, banks or other persons or entities, each Series may in turn delay payment to persons requesting redemption of the proportionate part of the net assets of each Series represented by the sums that are subject of such default or delay. As provided in the Partnership Agreement, if the net asset value per Unit within a Series as of the end of any business day declines by 50% or more from either the prior year-end or the prior month-end Unit value of such Series, Superfund Capital Management will suspend trading activities, notify all Limited Partners within such Series of the relevant facts within seven business days and declare a special redemption period.

XML

Indemnification

9 Months Ended

Sep. 30, 2016

Text Block [Abstract]

Indemnification

11. Indemnification

In the normal course of business, the Fund enters into contracts that provide general indemnifications. The Fund’s maximum exposure under these arrangements is dependent on future claims that may be made against the Fund, and therefore cannot be established; however, based on experience, the risk of loss from such claims is considered remote.

XML

Subsequent events

9 Months Ended

Sep. 30, 2016

Subsequent Events [Abstract]

Subsequent events

12. Subsequent events

Superfund Capital Management has evaluated the impact of all subsequent events on the Fund through the date the financial statements were filed and has determined that there were no subsequent events requiring recognition or disclosure in the financial statements.

XML

Basis of presentation and significant accounting policies (Policies)

9 Months Ended

Sep. 30, 2016

Accounting Policies [Abstract]

Basis of Presentation

Basis of Presentation

The unaudited financial statements have been prepared in accordance with the rules and regulations of the Securities and Exchange Commission (“SEC”) and accounting principles generally accepted in the U.S. (“U.S. GAAP”) with respect to the Form 10-Q and reflect all adjustments which in the opinion of management are normal and recurring, and which are necessary for a fair statement of the results of interim periods presented. It is suggested that these financial statements be read in conjunction with the financial statements and the related notes included in the Fund’s Annual Report on Form 10-K for the year ended December 31, 2015.

Valuation of Investments in Futures Contracts and Forward Contracts

Valuation of Investments in Futures Contracts and Forward Contracts

All commodity interests (including derivative financial instruments and derivative commodity instruments) are used for trading purposes. The commodity interests are recorded on a trade date basis and open contracts are recorded in the statements of assets and liabilities at fair value on the last business day of the period, which represents market value for those commodity interests for which market quotes are readily available.

Exchange-traded futures contracts are valued at settlement prices published by the recognized exchange. Any spot and forward foreign currency contracts held by the Fund will be valued at published settlement prices or at dealers’ quotes.

Translation of Foreign Currency

Translation of Foreign Currency

Assets and liabilities denominated in foreign currencies are translated into U.S. dollar amounts at the period-end exchange rates. Purchases and sales of investments and income and expenses that are denominated in foreign currencies are translated into U.S. dollar amounts on the transaction date. Adjustments arising from foreign currency transactions are reflected in the statements of operations.

The Fund does not isolate that portion of the results of operations arising from the effect of changes in foreign exchange rates on investments from fluctuations from changes in market prices of investments held. Such fluctuations are included in net realized and unrealized gain (loss) on investments in the statements of operations.

Investment Transactions, Investment Income and Expenses

Investment Transactions, Investment Income and Expenses

Investment transactions are accounted for on a trade-date basis. Interest income and expenses are recognized on the accrual basis. Operating expenses of the Fund are allocated to each Series in proportion to the net asset value of the Series at the beginning of each month. Expenses directly attributable to a particular Series are charged directly to that Series.

Gains or losses are realized when contracts are liquidated. Unrealized gains and losses on open contracts (the difference between contract trade price and market price) are reported in the statements of operations as a net gain or loss, as there exists a right of offset of unrealized gains or losses in accordance with Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 210-20, Offsetting – Balance Sheet.

Set forth herein are instruments and transactions eligible for offset in the statements of assets and liabilities and which are subject to derivative clearing agreements with the Fund’s futures commission merchants. Each futures commission merchant nets margin held on behalf of each Series of the Fund or payment obligations of the futures commission merchant to each Series against any payment obligations of that Series to the futures commission merchant. Each Series is required to deposit margin at each futures commission merchant to meet the original and maintenance requirements established by that futures commission merchant, and/or the exchange or clearinghouse associated with the exchange on which the instrument is traded. The derivative clearing agreements give each futures commission merchant a security interest in this margin to secure any liabilities owed to the futures commission merchant arising from a default by the Series. As of September 30, 2016, the Fund had on deposit $2,205,239 at ADM Investor Services, Inc. and $4,183,343 at Merrill Lynch, Pierce, Fenner & Smith Inc. As of September 30, 2016, Series A had on deposit $919,418 at ADM Investor Services, Inc. and $1,669,451 at Merrill Lynch, Pierce, Fenner & Smith Inc. As of September 30, 2016, Series B had on deposit $1,285,821 at ADM Investor Services, Inc. and $2,513,892 at Merrill Lynch, Pierce, Fenner & Smith Inc.

Income Taxes

Income Taxes

The Fund does not record a provision for U.S. income taxes because the partners report their share of the Fund’s income or loss on their returns. The financial statements reflect the Fund’s transactions without adjustment, if any, required for income tax purposes.

Superfund Capital Management has evaluated the application of ASC Topic 740, Income Taxes (“ASC 740”), to the Fund, to determine whether or not there are uncertain tax positions that require financial statement recognition. Based on this evaluation, Superfund Capital Management has determined no reserves for uncertain tax positions are required to be recorded as a result of the application of ASC 740. Superfund Capital Management is not aware of any tax positions for which it is reasonably possible that the total amounts of unrecognized tax benefits will change materially in the next twelve months. As a result, no income tax liability or expense has been recorded in the accompanying financial statements. The Fund files federal and various state tax returns. The 2013 through 2015 tax years generally remain subject to examination by the U.S. federal and most state tax authorities.

Use of Estimates

Use of Estimates

The preparation of financial statements in conformity with U.S. GAAP requires Superfund Capital Management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of increases and decreases in net assets from operations during the reporting period. Actual results could differ from those estimates.

Recently Adopted and/or Issued Accounting Pronouncements

Recently Adopted and/or Issued Accounting Pronouncements

ASU 2015-14

In August 2015, FASB issued ASU No. 2015-14, Revenue from Contracts with Customers (Topic 606) – Deferral of Effective Date (“ASU 2015-14”), which defers the effective date of ASU No. 2014-09, Revenue from Contracts with Customers (Topic 606) (“ASU 2014-09”). The amendments in ASU 2014-09 affect any entity that enters into contracts with customers to transfer goods or services or enters into contracts for the transfer of nonfinancial assets unless those contracts are within the scope of other standards. The guidance is effective for annual reporting periods beginning after December 15, 2017. Superfund Capital Management is evaluating the impact of ASU 2015-14 on the financial statements and disclosures.

XML

Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2016

Fair Value Disclosures [Abstract]

Summary of Valuation of Fund's Assets and Liabilities

The following table summarizes the valuation of the Fund’s assets and liabilities by the ASC 820 fair value hierarchy as of September 30, 2016 and December 31, 2015:

Superfund Green, L.P.

	Balance September 30, 2016		Level 1		Level 2		Level 3
ASSETS
Unrealized appreciation on open forward contracts	$	31,250	$	—	$	31,250	$	—
Futures contracts sold		163,652		163,652		—
Futures contracts purchased		493,553		493,553		—		—
Total Assets Measured at Fair Value	$	688,455	$	657,205	$	31,250	$	—
LIABILITIES
Unrealized depreciation on open forward contracts	$	25,255	$	—	$	25,255	$	—
Futures contracts sold		370,264		370,264		—
Futures contracts purchased		182,924		182,924		—		—
Total Liabilities Measured at Fair Value	$	578,443	$	553,188	$	25,255	$	—
	Balance December 31, 2015		Level 1		Level 2		Level 3
ASSETS
Futures contracts sold	$	763,283	$	763,283	$	—	$	—
Futures contracts purchased		492,943		492,943		—		—
Total Assets Measured at Fair Value	$	1,256,226	$	1,256,226	$	—	$	—
LIABILITIES
Futures contracts sold	$	676,201	$	676,201	$	—	$	—
Futures contracts purchased		409,599		409,599		—		—
Total Liabilities Measured at Fair Value	$	1,085,800	$	1,085,800	$	—	$	—

Superfund Green, L.P. – Series A

	Balance September 30, 2016		Level 1		Level 2		Level 3
ASSETS
Unrealized appreciation on open forward contracts	$	9,768	$	—	$	9,768	$	—
Futures contracts sold		60,596		60,596		—
Futures contracts purchased		185,190		185,190		—		—
Total Assets Measured at Fair Value	$	255,554	$	245,786	$	9,768	$	—
LIABILITIES
Unrealized depreciation on open forward contracts	$	6,970	$	—	$	6,970	$	—
Futures contracts sold		152,752		152,752		—
Futures contracts purchased		67,463		67,463		—		—
Total Liabilities Measured at Fair Value	$	227,185	$	220,215	$	6,970	$	—
	Balance December 31, 2015		Level 1		Level 2		Level 3
ASSETS
Futures contracts sold	$	297,768	$	297,768	$	—	$	—
Futures contracts purchased		200,964		200,964		—		—
Total Assets Measured at Fair Value	$	498,732	$	498,732	$	—	$	—
LIABILITIES
Futures contracts sold	$	271,057	$	271,057	$	—	$	—
Futures contracts purchased		166,748		166,748		—		—
Total Liabilities Measured at Fair Value	$	437,805	$	437,805	$	—	$	—

Superfund Green, L.P. – Series B

	Balance September 30, 2016		Level 1		Level 2		Level 3
ASSETS
Unrealized appreciation on open forward contracts	$	21,482	$	—	$	21,482	$	—
Futures contracts sold		103,056		103,056		—
Futures contracts purchased		308,363		308,363		—		—
Total Assets Measured at Fair Value	$	432,901	$	411,419	$	21,482	$	—
LIABILITIES
Unrealized depreciation on open forward contracts	$	18,285	$	—	$	18,285	$	—
Futures contracts sold		217,512		217,512		—
Futures contracts purchased		115,461		115,461		—		—
Total Liabilities Measured at Fair Value	$	351,258	$	332,973	$	18,285	$	—
	Balance December 31, 2015		Level 1		Level 2		Level 3
ASSETS
Futures contracts sold	$	465,515	$	465,515	$	—	$	—
Futures contracts purchased		291,979		291,979		—		—
Total Assets Measured at Fair Value	$	757,494	$	757,494	$	—	$	—
LIABILITIES
Futures contracts sold	$	405,144	$	405,144	$	—	$	—
Futures contracts purchased		242,851		242,851		—		—
Total Liabilities Measured at Fair Value	$	647,995	$	647,995	$	—	$	—

XML

Disclosure of derivative instruments and hedging activities (Tables)

9 Months Ended

Sep. 30, 2016

Fair Value of Funds Derivatives by Instrument Type

The fair value of the Fund’s derivatives by instrument type, as well as the location of those instruments on the statement of assets and liabilities, as of September 30, 2016, is as follows:

Type of Instrument	Statement of Assets and Liabilities Location	Asset Derivatives at September 30, 2016		Liability Derivatives at September 30, 2016			Net
Foreign exchange contracts	Unrealized appreciation on open forward contracts	$	31,250	$	—		$	31,250
Foreign exchange contracts	Unrealized depreciation on open forward contracts		—		(25,255	)		(25,255	)
Futures contracts	Futures contracts purchased		493,553		(182,924	)		310,629
Futures contracts	Futures contracts sold		163,652		(370,264	)		(206,612	)
Totals		$	688,455	$	(578,443	)	$	110,012

The fair value of the Fund’s derivatives by instrument type, as well as the location of those instruments on the statement of assets and liabilities, as of December 31, 2015, is as follows:

Type of Instrument	Statement of Assets and Liabilities Location	Asset Derivatives at December 31, 2015		Liability Derivatives at December 31, 2015			Net
Futures contracts	Futures contracts purchased	$	492,943	$	(409,599	)	$	83,344
Futures contracts	Futures contracts sold		763,283		(676,201	)		87,082
Totals		$	1,256,226	$	(1,085,800	)	$	170,426

Offsetting Assets

The Fund’s financial assets, derivative assets and cash collateral held by counterparties as of September 30, 2016 is as follows:

				Gross Amounts Not Offset in the Statement of Assets and Liabilities
Counterparty	Net Amount of Assets in the Statement of Assets and Liabilities			Financial Instruments Pledged		Cash Collateral Received		Net Amount
ADMIS	$	122,468		$	—	$	—	$	122,468
Merrill Lynch		(12,456	)		—		—		(12,456	)
Totals	$	110,012		$	—	$	—	$	110,012

The Fund’s financial assets, derivative assets and cash collateral held by counterparties as of December 31, 2015 is as follows:

				Gross Amounts Not Offset in the Statement of Assets and Liabilities
Counterparty	Net Amount of Assets in the Statement of Assets and Liabilities			Financial Instruments Pledged		Cash Collateral Received		Net Amount
ADMIS	$	(100,889	)	$	—	$	—	$	(100,889	)
Merrill Lynch		271,315			—		—		271,315
Totals	$	170,426		$	—	$	—	$	170,426

Effects of Derivative Instruments on Statement of Operations

Effects of derivative instruments on the statement of operations for the three months ended September 30, 2016:

Derivatives not Designated as Hedging Instruments under ASC 815	Location of Gain (Loss) on Derivatives in Statement of Operations	Net Realized Gain (Loss) on Derivatives in Statement of Operations			Net Change in Unrealized Appreciation (Depreciation) on Derivatives in Statement of Operations
Foreign exchange contracts	Net realized/unrealized gain (loss) on futures and forward contracts	$	(13,194	)	$	5,995
Futures contracts	Net realized/unrealized gain (loss) on futures and forward contracts		501,455			(345,669	)
Total		$	488,261		$	(339,674	)

Effects of derivative instruments on the statement of operations for the nine months ended September 30, 2016:

Derivatives not Designated as Hedging Instruments under ASC 815	Location of Gain (Loss) on Derivatives in Statement of Operations	Net Realized Loss on Derivatives in Statement of Operations			Net Change in Unrealized Appreciation (Depreciation) on Derivatives in Statement of Operations
Foreign exchange contracts	Net realized/unrealized gain (loss) on futures and forward contracts	$	(1,056	)	$	5,995
Futures contracts	Net realized/unrealized loss on futures and forward contracts		(800,764	)		(66,409	)
Total		$	(801,820	)	$	(60,414	)

Effects of derivative instruments on the statement of operations for the three months ended September 30, 2015:

Derivatives not Designated as Hedging Instruments under ASC 815	Location of Gain (Loss) on Derivatives in Statement of Operations	Net Realized Loss on Derivatives in Statement of Operations			Net Change in Unrealized Appreciation on Derivatives in Statement of Operations
Foreign exchange contracts	Net realized/unrealized loss on futures and forward contracts	$	(11,841	)	$	—
Futures contracts	Net realized/unrealized gain (loss) on futures and forward contracts		(823,710	)		140,109
Total		$	(835,551	)	$	140,109

Effects of derivative instruments on the statement of operations for the nine months ended September 30, 2015:

Derivatives not Designated as Hedging Instruments under ASC 815	Location of Gain (Loss) on Derivatives in Statement of Operations	Net Realized Gain (Loss) on Derivatives in Statement of Operations			Net Change in Unrealized Depreciation on Derivatives in Statement of Operations
Foreign exchange contracts	Net realized/unrealized gain on futures and forward contracts	$	32,932		$	—
Futures contracts	Net realized/unrealized loss on futures and forward contracts		(224,371	)		(692,007	)
Total		$	(191,439	)	$	(692,007	)

Gross and Net Unrealized Gains and Losses by Long and Short Positions

Superfund Green, L.P. gross and net unrealized gains and losses by long and short positions as of September 30, 2016 and December 31, 2015:

	As of September 30, 2016
	Futures Contracts Purchased											Futures Contracts Sold
	Gains		% of Net Assets			Losses			% of Net Assets			Gains		% of Net Assets			Losses			% of Net Assets			Net Unrealized Gain (Loss) on Open Positions
Foreign Exchange	$	27,688		0.2		$	(13,962	)		(0.1	)	$	3,562		0.0	*	$	(11,293	)		(0.1	)	$	5,995
Currency		63,871		0.5			(3,931	)		(0.0	)*		14,778		0.1			(17,004	)		(0.1	)		57,714
Financial		140,680		1.0			(16,917	)		(0.1	)		—		—			(29,692	)		(0.2	)		94,071
Food & Fiber		26,811		0.2			(76,015	)		(0.6	)		55,738		0.5			(26,719	)		(0.2	)		(20,185	)
Indices		162,867		1.3			(63,384	)		(0.5	)		35,612		0.3			(38,903	)		(0.3	)		96,192
Metals		85,128		0.7			(22,677	)		(0.2	)		4,806		0.0	*		(210,313	)		(1.7	)		(143,056	)
Energy		9,467		0.1			—			—			22,510		0.2			(30,957	)		(0.3	)		1,020
Livestock		4,729		0.0	*		—			—			30,210		0.2			(16,678	)		(0.1	)		18,261
Totals	$	521,241		4.0		$	(196,886	)		(1.5	)	$	167,216		1.3		$	(381,559	)		(3.0	)	$	110,012

* Due to rounding – amount is less than 0.05%

	As of December 31, 2015
	Futures Contracts Purchased										Futures Contracts Sold
	Asset Derivatives		% of Net Assets		Liability Derivatives			% of Net Assets			Asset Derivatives		% of Net Assets			Liability Derivatives			% of Net Assets			Net Unrealized Gain (Loss) on Open Positions
Currency	$	25,804		0.2	$	(73,662	)		(0.5	)	$	95,399		0.6		$	(146,664	)		(0.9	)	$	(99,123	)
Financial		78,150		0.5		(3,785	)		(0.0	)*		4,821		0.0	*		(39,609	)		(0.2	)		39,577
Food & Fiber		64,490		0.4		(176,698	)		(1.1	)		182,433		1.1			(40,083	)		(0.3	)		30,142
Indices		211,901		1.3		(113,401	)		(0.7	)		199,752		1.3			(121,726	)		(0.8	)		176,526
Metals		51,982		0.3		(30,003	)		(0.2	)		47,150		0.3			(158,223	)		(1.0	)		(89,094	)
Livestock		17,990		0.1		—			—			—		—			(20,560	)		(0.1	)		(2,570	)
Energy		42,626		0.3		(12,050	)		(0.1	)		233,728		1.5			(149,336	)		(0.9	)		114,968
Totals	$	492,943		3.1	$	(409,599	)		(2.6	)	$	763,283		4.8		$	(676,201	)		(4.2	)	$	170,426

* Due to rounding – amount is less than 0.05%

Funds Trading Results by Market Sector

Superfund Green, L.P. trading results by market sector:

	For the Three Months Ended September 30, 2016
	Net Realized Gains (Losses)			Change in Net Unrealized Gains (Losses)			Net Trading Gains (Losses)
Foreign Exchange	$	(13,194	)	$	5,995		$	(7,199	)
Currency		(137,156	)		108,463			(28,693	)
Financial		270,122			(166,743	)		103,379
Food & Fiber		91,936			(164,610	)		(72,674	)
Indices		215,396			85,895			301,291
Metals		188,585			(265,523	)		(76,938	)
Livestock		14,290			48,380			62,670
Energy		(141,718	)		8,469			(133,249	)
Total net trading gains (losses) in Statement of Operations	$	488,261		$	(339,674	)	$	148,587

	For the Nine Months Ended September 30, 2016
	Net Realized Gains (Losses)			Change in Net Unrealized Gains (Losses)			Net Trading Gains (Losses)
Foreign Exchange	$	(1,056	)	$	5,995		$	4,939
Currency		(619,658	)		156,837			(462,821	)
Financial		540,279			54,497			594,776
Food & Fiber		120,141			(50,329	)		69,812
Indices		52,853			(80,334	)		(27,481	)
Metals		(493,751	)		(53,962	)		(547,713	)
Livestock		(16,810	)		45,740			28,930
Energy		(383,818	)		(138,858	)		(522,676	)
Total net trading losses in Statement of Operations	$	(801,820	)	$	(60,414	)	$	(862,234	)

	For the Three Months Ended September 30, 2015
	Net Realized Gains (Losses)			Change in Net Unrealized Gains (Losses)			Net Trading Gains (Losses)
Foreign Exchange	$	(11,841	)	$	—		$	(11,841	)
Currency		98,969			(89,406	)		9,563
Financial		106,471			12,993			119,464
Food & Fiber		(156,185	)		(58,007	)		(214,192	)
Indices		(766,950	)		27,147			(739,803	)
Metals		211,325			5,483			216,808
Livestock		(295,070	)		80,900			(214,170	)
Energy		(22,270	)		160,999			138,729
Total net trading gains (losses) in Statement of Operations	$	(835,551	)	$	140,109		$	(695,442	)

	For the Nine Months Ended September 30, 2015
	Net Realized Gains (Losses)			Change in Net Unrealized Gains (Losses)			Net Trading Gains (Losses)
Foreign Exchange	$	32,932		$	—		$	32,932
Currency		449,176			(123,547	)		325,629
Financial		(313,939	)		(436,026	)		(749,965	)
Food & Fiber		(251,813	)		(5,543	)		(257,356	)
Indices		315,853			(266,420	)		49,433
Metals		486,407			(141,788	)		344,619
Livestock		(907,080	)		206,470			(700,610	)
Energy		(2,975	)		74,844			71,869
Total net trading losses in Statement of Operations	$	(191,439	)	$	(692,010	)	$	(883,449	)

SERIES A

Fair Value of Funds Derivatives by Instrument Type

The fair value of the Fund’s derivatives by instrument type, as well as the location of those instruments on the statement of assets and liabilities, as of September 30, 2016, is as follows:

Type of Instrument	Statement of Assets and Liabilities Location	Asset Derivatives at September 30, 2016		Liability Derivatives at September 30, 2016			Net
Foreign exchange contracts	Unrealized appreciation on open forward contracts	$	9,768	$	—		$	9,768
Foreign exchange contracts	Unrealized depreciation on open forward contracts		—		(6,970	)		(6,970	)
Futures contracts	Futures contracts purchased		185,190		(67,463	)		117,727
Futures contracts	Futures contracts sold		60,596		(152,752	)		(92,156	)
Totals		$	255,554	$	(227,185	)	$	28,369

The fair value of the Fund’s derivatives by instrument type, as well as the location of those instruments on the statement of assets and liabilities, as of December 31, 2015, is as follows:

Type of Instrument	Statement of Assets and Liabilities Location	Asset Derivatives at December 31, 2015		Liability Derivatives at December 31, 2015			Net
Futures contracts	Futures contracts purchased	$	200,964	$	(166,748	)	$	34,216
Futures contracts	Futures contracts sold		297,768		(271,057	)		26,711
Totals		$	498,732	$	(437,805	)	$	60,927

Offsetting Assets

The Fund’s financial assets, derivative assets and cash collateral held by counterparties as of September 30, 2016 is as follows:

				Gross Amounts Not Offset in the Statement of Assets and Liabilities
Counterparty	Net Amount of Assets in the Statement of Assets and Liabilities			Financial Instruments Pledged		Cash Collateral Received		Net Amount
ADMIS	$	39,373		$	—	$	—	$	39,373
Merrill Lynch		(11,004	)		—		—		(11,004	)
Totals	$	28,369		$	—	$	—	$	28,369

The Fund’s financial assets, derivative assets and cash collateral held by counterparties as of December 31, 2015 is as follows:

				Gross Amounts Not Offset in the Statement of Assets and Liabilities
Counterparty	Net Amount of Assets in the Statement of Assets and Liabilities			Financial Instruments Pledged		Cash Collateral Received		Net Amount
ADMIS	$	(51,324	)	$	—	$	—	$	(51,324	)
Merrill Lynch		112,251			—		—		112,251
Totals	$	60,927		$	—	$	—	$	60,927

Effects of Derivative Instruments on Statement of Operations

Effects of derivative instruments on the statement of operations for the three months ended September 30, 2016:

Derivatives not Designated as Hedging Instruments under ASC 815	Location of Gain (Loss) on Derivatives in Statement of Operations	Net Realized Gain on Derivatives in Statement of Operations		Net Change in Unrealized Appreciation (Depreciation) on Derivatives in Statement of Operations
Foreign exchange contracts	Net realized/unrealized gain on futures and forward contracts	$	595	$	2,798
Futures contracts	Net realized/unrealized gain (loss) on futures and forward contracts		195,059		(138,726	)
Total		$	195,654	$	(135,928	)

Effects of derivative instruments on the statement of operations for the nine months ended September 30, 2016:

Derivatives not Designated as Hedging Instruments under ASC 815	Location of Gain (Loss) on Derivatives in Statement of Operations	Net Realized Gain (Loss) on Derivatives in Statement of Operations			Net Change in Unrealized Appreciation (Depreciation) on Derivatives in Statement of Operations
Foreign exchange contracts	Net realized/unrealized gain on futures and forward contracts	$	4,162		$	2,798
Futures contracts	Net realized/unrealized loss on futures and forward contracts		(390,567	)		(35,355	)
Total		$	(386,405	)	$	(32,557	)

Effects of derivative instruments on the statement of operations for the three months ended September 30, 2015:

Derivatives not Designated as Hedging Instruments under ASC 815	Location of Gain (Loss) on Derivatives in Statement of Operations	Net Realized Loss on Derivatives in Statement of Operations			Net Change in Unrealized Appreciation on Derivatives in Statement of Operations
Foreign exchange contracts	Net realized/unrealized loss on futures and forward contracts	$	(5,259	)	$	—
Futures contracts	Net realized/unrealized gain (loss) on futures and forward contracts		(292,298	)		34,114
Total		$	(297,557	)	$	34,114

Effects of derivative instruments on the statement of operations for the nine months ended September 30, 2015:

Derivatives not Designated as Hedging Instruments under ASC 815	Location of Gain (Loss) on Derivatives in Statement of Operations	Net Realized Gain (Loss) on Derivatives in Statement of Operations			Net Change in Unrealized Depreciation on Derivatives in Statement of Operations
Foreign exchange contracts	Net realized/unrealized gain on futures and forward contracts	$	10,552		$	—
Futures contracts	Net realized/unrealized loss on futures and forward contracts		(126,755	)		(258,781	)
Total		$	(116,203	)	$	(258,781	)

Gross and Net Unrealized Gains and Losses by Long and Short Positions

Superfund Green, L.P. – Series A gross and net unrealized gains and losses by long and short positions as of September 30, 2016 and December 31, 2015:

	As of September 30, 2016
	Futures Contracts Purchased										Futures Contracts Sold
	Gains		% of Net Assets		Losses			% of Net Assets			Gains		% of Net Assets			Losses			% of Net Assets			Net Unrealized Gain (Loss) on Open Positions
Foreign Exchange	$	8,602		0.1	$	(4,794	)		(0.1	)	$	1,166		0.0	*	$	(2,176	)		(0.0	)*	$	2,798
Currency		24,981		0.4		(1,550	)		(0.0	)*		5,818		0.1			(6,959	)		(0.1	)		22,290
Financial		53,662		0.9		(5,535	)		(0.1	)		—		—			(10,623	)		(0.2	)		37,504
Food & Fiber		9,727		0.2		(27,171	)		(0.5	)		20,025		0.3			(15,691	)		(0.3	)		(13,110	)
Indices		59,171		1.0		(23,313	)		(0.4	)		15,376		0.3			(16,208	)		(0.3	)		35,026
Metals		32,921		0.6		(9,895	)		(0.4	)		1,639		0.0	*		(86,595	)		(1.5	)		(61,930	)
Livestock		—		—		—			—			15,350		0.3			—			—			15,350
Energy		4,729		0.1		—			—			2,390		0.0	*		(16,678	)		(0.3	)		(9,559	)
Totals	$	193,793		3.3	$	(72,258	)		(1.3	)	$	61,764		1.0		$	(154,930	)		(2.7	)	$	28,369

* Due to rounding – amount is less than 0.05%

	As of December 31, 2015
	Futures Contracts Purchased										Futures Contracts Sold
	Asset Derivatives		% of Net Assets		Liability Derivatives			% of Net Assets			Asset Derivatives		% of Net Assets		Liability Derivatives			% of Net Assets			Net Unrealized Gain (Loss) on Open Positions
Currency	$	10,300		0.1	$	(30,119	)		(0.4	)	$	37,040		0.5	$	(59,172	)		(0.8	)	$	(41,951	)
Financial		31,941		0.4		(1,525	)		(0.0	)*		4,486		0.1		(15,994	)		(0.2	)		18,908
Food & Fiber		24,650		0.3		(71,684	)		(0.9	)		73,127		0.9		(18,694	)		(0.2	)		7,399
Indices		86,482		1.1		(46,035	)		(0.6	)		80,284		1.0		(46,578	)		(0.6	)		74,153
Metals		19,838		0.3		(12,445	)		(0.2	)		18,053		0.2		(62,758	)		(0.8	)		(37,312	)
Livestock		8,080		0.1		—			—			—		—		(7,490	)		(0.1	)		590
Energy		19,673		0.3		(4,940	)		(0.1	)		84,778		1.1		(60,371	)		(0.8	)		39,140
Totals	$	200,964		2.6	$	(166,748	)		(2.2	)	$	297,768		3.8	$	(271,057	)		(3.5	)	$	60,927

* Due to rounding – amount is less than 0.05%

Funds Trading Results by Market Sector

Series A trading results by market sector:

	For the Three Months Ended September 30, 2016
	Net Realized Gains (Losses)			Change in Net Unrealized Gains (Losses)			Net Trading Gains (Losses)
Foreign Exchange	$	595		$	2,798		$	3,393
Currency		(52,810	)		44,003			(8,807	)
Financial		91,195			(50,962	)		40,233
Food & Fiber		37,813			(67,648	)		(29,835	)
Indices		80,549			22,888			103,437
Metals		83,778			(105,869	)		(22,091	)
Livestock		9,320			15,800			25,120
Energy		(54,786	)		3,062			(51,724	)
Total net trading gains (losses) in Statement of Operations	$	195,654		$	(135,928	)	$	59,726
	For the Nine Months Ended September 30, 2016
	Net Realized Gains (Losses)			Change in Net Unrealized Gains (Losses)			Net Trading Gains (Losses)
Foreign Exchange	$	4,162		$	2,798		$	6,960
Currency		(243,667	)		64,241			(179,426	)
Financial		202,918			18,599			221,517
Food & Fiber		36,229			(20,511	)		15,718
Indices		(30,670	)		(39,127	)		(69,797	)
Metals		(182,251	)		(24,618	)		(206,869	)
Livestock		(660	)		14,760			14,100
Energy		(172,466	)		(48,699	)		(221,165	)
Total net trading losses in Statement of Operations	$	(386,405	)	$	(32,557	)	$	(418,962	)
	For the Three Months Ended September 30, 2015
	Net Realized Gains (Losses)			Change in Net Unrealized Gains (Losses)			Net Trading Gains (Losses)
Foreign Exchange	$	(5,259	)	$	—		$	(5,259	)
Currency		23,999			(32,926	)		(8,927	)
Financial		48,056			(2,049	)		46,007
Food & Fiber		(60,891	)		(28,889	)		(89,780	)
Indices		(273,138	)		(2,964	)		(276,102	)
Metals		82,291			7,285			89,576
Livestock		(111,390	)		28,280			(83,110	)
Energy		(1,225	)		65,377			64,152
Total net trading gains (losses) in Statement of Operations	$	(297,557	)	$	34,114		$	(263,443	)
	For the Nine Months Ended September 30, 2015
	Net Realized Gains (Losses)			Change in Net Unrealized Gains (Losses)			Net Trading Gains (Losses)
Foreign Exchange	$	10,552		$	—		$	10,552
Currency		159,527			(44,475	)		115,052
Financial		(273,280	)		(166,898	)		(440,178	)
Food & Fiber		(82,944	)		(12,821	)		(95,765	)
Indices		(57,165	)		(94,685	)		(151,850	)
Metals		460,497			(45,175	)		415,322
Livestock		(343,320	)		74,380			(268,940	)
Energy		9,930			30,893			40,823
Total net trading losses in Statement of Operations	$	(116,203	)	$	(258,781	)	$	(374,984	)

SERIES B

Fair Value of Funds Derivatives by Instrument Type

The fair value of the Fund’s derivatives by instrument type, as well as the location of those instruments on the statement of assets and liabilities, as of September 30, 2016, is as follows:

Type of Instrument	Statement of Assets and Liabilities Location	Asset Derivatives at September 30, 2016		Liability Derivatives at September 30, 2016			Net
Foreign exchange contracts	Unrealized appreciation on open forward contracts	$	21,482	$	—		$	21,482
Foreign exchange contracts	Unrealized depreciation on open forward contracts		—		(18,285	)		(18,285	)
Futures contracts	Futures contracts purchased		308,363		(115,461	)		192,902
Futures contracts	Futures contracts sold		103,056		(217,512	)		(114,456	)
Totals		$	432,901	$	(351,258	)	$	81,643

The fair value of the Fund’s derivatives by instrument type, as well as the location of those instruments on the statements of assets and liabilities, as of December 31, 2015, is as follows:

Type of Instrument	Statement of Assets and Liabilities Location	Asset Derivatives at December 31, 2015		Liability Derivatives at December 31, 2015			Net
Futures contracts	Futures contracts purchased	$	291,979	$	(242,851	)	$	49,128
Futures contracts	Futures contracts sold		465,515		(405,144	)		60,371
Totals		$	757,494	$	(647,995	)	$	109,499

Offsetting Assets

The Fund’s financial assets, derivative assets and cash collateral held by counterparties as of September 30, 2016 is as follows:

				Gross Amounts Not Offset in the Statement of Assets and Liabilities
Counterparty	Net Amount of Assets in the Statement of Assets and Liabilities			Financial Instruments Pledged		Cash Collateral Received		Net Amount
ADMIS	$	83,095		$	—	$	—	$	83,095
Merrill Lynch		(1,452	)		—		—		(1,452	)
Totals	$	81,643		$	—	$	—	$	81,643

The Fund’s financial assets, derivative assets and cash collateral held by counterparties as of December 31, 2015 is as follows:

				Gross Amounts Not Offset in the Statement of Assets and Liabilities
Counterparty	Net Amount of Assets in the Statement of Assets and Liabilities			Financial Instruments Pledged		Cash Collateral Received		Net Amount
ADMIS	$	(49,565	)	$	—	$	—	$	(49,565	)
Merrill Lynch		159,064			—		—		159,064
Totals	$	109,499		$	—	$	—	$	109,499

Effects of Derivative Instruments on Statement of Operations

Effects of derivative instruments on the statement of operations for the three months ended September 30, 2016:

Derivatives not Designated as Hedging Instruments under ASC 815	Location of Gain (Loss) on Derivatives in Statement of Operations	Net Realized Gain (Loss) on Derivatives in Statement of Operations			Net Change in Unrealized Appreciation (Depreciation) on Derivatives in Statement of Operations
Foreign exchange contracts	Net realized/unrealized gain (loss) on futures and forward contracts	$	(13,789	)	$	3,197
Futures contracts	Net realized/unrealized gain (loss) on futures and forward contracts		306,396			(206,943	)
Total		$	292,607		$	(203,746	)

Effects of derivative instruments on the statement of operations for the nine months ended September 30, 2016:

Derivatives not Designated as Hedging Instruments under ASC 815	Location of Gain (Loss) on Derivatives in Statement of Operations	Net Realized Loss on Derivatives in Statement of Operations			Net Change in Unrealized Appreciation (Depreciation) on Derivatives in Statement of Operations
Foreign exchange contracts	Net realized/unrealized gain (loss) on futures and forward contracts	$	(5,218	)	$	3,197
Futures contracts	Net realized/unrealized loss on futures and forward contracts		(410,197	)		(31,054	)
Total		$	(415,415	)	$	(27,857	)

Effects of derivative instruments on the statement of operations for the three months ended September 30, 2015:

Derivatives not Designated as Hedging Instruments under ASC 815	Location of Gain (Loss) on Derivatives in Statement of Operations	Net Realized Loss on Derivatives in Statement of Operations			Net Change in Unrealized Appreciation on Derivatives in Statement of Operations
Foreign exchange contracts	Net realized/unrealized loss on futures and forward contracts	$	(6,582	)	$	—
Futures contracts	Net realized/unrealized gain (loss) on futures and forward contracts		(531,412	)		105,995
Total		$	(537,994	)	$	105,995

Effects of derivative instruments on the statement of operations for the nine months ended September 30, 2015:

Derivatives not Designated as Hedging Instruments under ASC 815	Location of Gain (Loss) on Derivatives in Statement of Operations	Net Realized Gain (Loss) on Derivatives in Statement of Operations			Net Change in Unrealized Depreciation on Derivatives in Statement of Operations
Foreign exchange contracts	Net realized/unrealized gain on futures and forward contracts	$	22,380		$	—
Futures contracts	Net realized/unrealized loss on futures and forward contracts		(97,616	)		(433,226	)
Total		$	(75,236	)	$	(433,226	)

Gross and Net Unrealized Gains and Losses by Long and Short Positions

Series B gross and net unrealized gains and losses by long and short positions as of September 30, 2016 and December 31, 2015:

	As of September 30, 2016
	Futures Contracts Purchased										Futures Contracts Sold
	Gains		% of Net Assets		Losses			% of Net Assets			Gains		% of Net Assets			Losses			% of Net Assets			Net Unrealized Gain (Loss) on Open Positions
Foreign Exchange	$	19,086		0.3	$	(9,168	)		(0.1	)	$	2,396		0.0	*	$	(9,117	)		(0.1	)	$	3,197
Currency		38,890		0.6		(2,381	)		(0.0	)*		8,960		0.1			(10,045	)		(0.2	)		35,424
Financial		87,018		1.4		(11,382	)		(0.2	)		—		—			(19,069	)		(0.3	)		56,567
Food & Fiber		17,084		0.3		(48,844	)		(0.8	)		35,713		0.6			(11,028	)		(0.2	)		(7,075	)
Indices		103,696		1.6		(40,071	)		(0.6	)		20,236		0.3			(22,695	)		(0.4	)		61,166
Metals		52,207		0.8		(12,782	)		(0.2	)		3,167		0.1			(123,718	)		(2.0	)		(81,126	)
Energy		9,467		0.2		—			—			7,160		0.1			(30,957	)		(0.5	)		(14,330	)
Livestock		—		—		—			—			27,820		0.4			—			—			27,820
Totals	$	327,448		5.2	$	(124,628	)		(1.9	)	$	105,452		1.6		$	(226,629	)		(3.7	)	$	81,643

* Due to rounding – amount is less than 0.05%

	As of December 31, 2015
	Futures Contracts Purchased										Futures Contracts Sold
	Asset Derivatives		% of Net Assets		Liability Derivatives			% of Net Assets			Asset Derivatives		% of Net Assets			Liability Derivatives			% of Net Assets			Net Unrealized Gain (Loss) on Open Positions
Currency	$	15,504		0.2	$	(43,543	)		(0.5	)	$	58,359		0.7		$	(87,492	)		(1.1	)	$	(57,172	)
Financial		46,209		0.6		(2,260	)		(0.0	)*		335		0.0	*		(23,615	)		(0.3	)		20,669
Food & Fiber		39,840		0.5		(105,014	)		(1.3	)		109,306		1.4			(21,389	)		(0.3	)		22,743
Indices		125,419		1.6		(67,366	)		(0.8	)		119,468		1.5			(75,148	)		(0.9	)		102,373
Metals		32,144		0.4		(17,558	)		(0.2	)		29,097		0.4			(95,465	)		(1.2	)		(51,782	)
Livestock		9,910		0.1		—			—			—		—			(13,070	)		(0.2	)		(3,160	)
Energy		22,953		0.3		(7,110	)		(0.1	)		148,950		1.8			(88,965	)		(1.1	)		75,828
Totals	$	291,979		3.7	$	(242,851	)		(2.9	)	$	465,515		5.8		$	(405,144	)		(5.1	)	$	109,499

* Due to rounding – amount is less than 0.05%

Funds Trading Results by Market Sector

Series B trading results by market sector:

	For the Three Months Ended September 30, 2016
	Net Realized Gains (Losses)			Change in Net Unrealized Gains (Losses)			Net Trading Gains (Losses)
Foreign Exchange	$	(13,789	)	$	3,197		$	(10,592	)
Currency		(84,346	)		64,460			(19,886	)
Financial		178,927			(115,781	)		63,146
Food & Fiber		54,123			(96,962	)		(42,839	)
Indices		134,847			63,007			197,854
Metals		104,807			(159,654	)		(54,847	)
Livestock		4,970			32,580			37,550
Energy		(86,932	)		5,407			(81,525	)
Total net trading gains (losses) in Statement of Operations	$	292,607		$	(203,746	)	$	88,861

	For the Nine Months Ended September 30, 2016
	Net Realized Gains (Losses)			Change in Net Unrealized Gains (Losses)			Net Trading Gains (Losses)
Foreign Exchange	$	(5,218	)	$	3,197		$	(2,021	)
Currency		(375,991	)		92,596			(283,395	)
Financial		337,361			35,898			373,259
Food & Fiber		83,912			(29,818	)		54,094
Indices		83,523			(41,207	)		42,316
Metals		(311,500	)		(29,344	)		(340,844	)
Livestock		(16,150	)		30,980			14,830
Energy		(211,352	)		(90,159	)		(301,511	)
Total net trading losses in Statement of Operations	$	(415,415	)	$	(27,857	)	$	(443,272	)

	For the Three Months Ended September 30, 2015
	Net Realized Gains (Losses)			Change in Net Unrealized Gains (Losses)			Net Trading Gains (Losses)
Foreign Exchange	$	(6,582	)	$	—		$	(6,582	)
Currency		74,970			(56,480	)		18,490
Financial		58,415			15,042			73,457
Food & Fiber		(95,294	)		(29,118	)		(124,412	)
Indices		(493,812	)		30,111			(463,701	)
Metals		129,034			(1,802	)		127,232
Livestock		(183,680	)		52,620			(131,060	)
Energy		(21,045	)		95,622			74,577
Total net trading gains (losses) in Statement of Operations	$	(537,994	)	$	105,995		$	(431,999	)

	For the Nine Months Ended September 30, 2015
	Net Realized Gains (Losses)			Change in Net Unrealized Gains (Losses)			Net Trading Gains (Losses)
Foreign Exchange	$	22,380		$	—		$	22,380
Currency		289,649			(79,072	)		210,577
Financial		(40,659	)		(269,128	)		(309,787	)
Food & Fiber		(168,869	)		7,278			(161,591	)
Indices		373,018			(171,735	)		201,283
Metals		25,910			(96,611	)		(70,701	)
Livestock		(563,760	)		132,090			(431,670	)
Energy		(12,905	)		43,951			31,046
Total net trading losses in Statement of Operations	$	(75,236	)	$	(433,227	)	$	(508,463	)

XML

Financial highlights (Tables)

9 Months Ended

Sep. 30, 2016

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Financial highlights

Financial highlights for the period January 1 through September 30 are as follows:

	2016						2015
	Series A			Series B			Series A			Series B
Total Return*
Total return before incentive fees		(11.1	)%		(11.9	)%		(10.1	)%		(12.4	)%
Incentive fees		0.0			0.0			0.0			0.0
Total return after incentive fees		(11.1	)%		(11.9	)%		(10.1	)%		(12.4	)%
Ratios to average partners’ capital
Operating expenses before incentive fees		5.8	%		6.3	%		5.5	%		6.1	%
Incentive fees		0.0			0.0			0.0			0.0
Total expenses		5.8	%		6.3	%		5.5	%		6.1	%
Net investment loss		(5.7	)%		(6.2	)%		(5.5	)%		(6.1	)%
Net asset value per unit, beginning of period	$	1,222.26			1,392.13		$	1,283.60		$	1,462.68
Net investment loss		(66.25	)		(82.22	)		(69.45	)		(88.53	)
Net loss on investments		(65.77	)		(80.50	)		(58.06	)		(93.74	)
Net asset value per unit, end of period	$	1,090.24			1,229.41		$	1,156.09		$	1,280.41
Other per Unit information:
Net decrease in net assets from operations per Unit (based upon weighted average number of Units during period) upon weighted average number of Units during period)	$	(136.35	)		(162.81	)	$	(122.06	)	$	(165.82	)
Net decrease in net assets from operations per Unit (based upon change in net asset value per Unit) upon change in net asset value per Unit)	$	(132.02	)		(162.72	)	$	(127.51	)	$	(182.27	)

Financial highlights for the period July 1 through September 30 are as follows:

	2016						2015
	Series A			Series B			Series A			Series B
Total Return*
Total return before incentive fees		(1.2	)%		(1.1	)%		(5.0	)%		(6.9	)%
Incentive fees		0.0			0.0			0.0			0.0
Total return after incentive fees		(1.2	)%		(1.1	)%		(5.0	)%		(6.9	)%
Ratios to average partners’ capital
Operating expenses before incentive fees		1.9	%		2.0	%		1.9	%		2.0	%
Incentive fees		0.0			0.0			0.0			0.0
Total expenses		1.9	%		2.0	%		1.9	%		2.0	%
Net investment loss		(1.9	)%		(2.0	)%		(1.9	)%		(2.0	)%
Net asset value per unit, beginning of period	$	1,101.60			1,241.52		$	1,216.01		$	1,375.18
Net investment loss		(21.04	)		(25.80	)		(22.19	)		(27.31	)
Net gain (loss) on investments		9.68			13.69			(37.73	)		(67.46	)
Net asset value per unit, end of period	$	1,090.24			1,229.41		$	1,156.09		$	1,280.41
Other per Unit information:
Net decrease in net assets from operations per Unit (based upon weighted average number of Units during period) upon weighted average number of Units during period)	$	(10.50	)		(9.11	)	$	(61.92	)	$	(97.38	)
Net decrease in net assets from operations per Unit (based upon change in net asset value per Unit) upon change in net asset value per Unit)	$	(11.36	)		(12.11	)	$	(59.92	)	$	(94.77	)

* Total return is calculated for each Series of the Fund taken as a whole. An individual’s return may vary from these returns based on the timing of capital transactions.

XML

Condensed Schedule of Investments (Detail) - USD ($)		Sep. 30, 2016		Dec. 31, 2015
Futures Contracts
Summary of Investment Holdings [Line Items]
Percentage of Net Assets		0.90%		1.10%
Fair Value		$ 104,017		$ 170,426
Futures Contract Purchased
Summary of Investment Holdings [Line Items]
Percentage of Net Assets		2.60%		0.50%
Fair Value		$ 310,629		$ 83,344
Futures Contract Purchased | Currency
Summary of Investment Holdings [Line Items]
Percentage of Net Assets		0.50%		(0.30%)
Fair Value		$ 59,940		$ (47,858)
Futures Contract Purchased | Energy
Summary of Investment Holdings [Line Items]
Percentage of Net Assets		0.10%		0.20%
Fair Value		$ 14,196		$ 30,576
Futures Contract Purchased | Financial
Summary of Investment Holdings [Line Items]
Percentage of Net Assets		1.00%	[1]	0.50%
Fair Value		$ 123,763		$ 74,365
Futures Contract Purchased | Food & Fiber
Summary of Investment Holdings [Line Items]
Percentage of Net Assets		(0.40%)		(0.70%)
Fair Value		$ (49,204)		$ (112,208)
Futures Contract Purchased | Indices
Summary of Investment Holdings [Line Items]
Percentage of Net Assets		0.80%		0.60%
Fair Value		$ 99,483		$ 98,500
Futures Contract Purchased | Livestock
Summary of Investment Holdings [Line Items]
Percentage of Net Assets				0.10%
Fair Value				$ 17,990
Futures Contract Purchased | Metals
Summary of Investment Holdings [Line Items]
Percentage of Net Assets		0.50%		0.10%
Fair Value		$ 62,451		$ 21,979
Futures Contracts Sold
Summary of Investment Holdings [Line Items]
Percentage of Net Assets		(1.60%)		0.60%
Fair Value		$ (206,612)		$ 87,082
Futures Contracts Sold | Currency
Summary of Investment Holdings [Line Items]
Percentage of Net Assets		0.00%	[2]	(0.30%)
Fair Value		$ (2,226)		$ (51,265)
Futures Contracts Sold | Energy
Summary of Investment Holdings [Line Items]
Percentage of Net Assets		(0.30%)		0.50%
Fair Value		$ (38,085)		$ 84,392
Futures Contracts Sold | Financial
Summary of Investment Holdings [Line Items]
Percentage of Net Assets		(0.20%)		(0.20%)
Fair Value		$ (29,692)		$ (34,788)
Futures Contracts Sold | Food & Fiber
Summary of Investment Holdings [Line Items]
Percentage of Net Assets		0.20%		0.90%
Fair Value		$ 29,019		$ 142,350
Futures Contracts Sold | Indices
Summary of Investment Holdings [Line Items]
Percentage of Net Assets		0.00%	[2]	0.50%
Fair Value		$ (3,291)		$ 78,026
Futures Contracts Sold | Livestock
Summary of Investment Holdings [Line Items]
Percentage of Net Assets		0.40%		(0.10%)
Fair Value		$ 43,170		$ (20,560)
Futures Contracts Sold | Metals
Summary of Investment Holdings [Line Items]
Percentage of Net Assets		(1.70%)	[1]	(0.70%)
Fair Value		$ (205,507)		$ (111,073)
Futures contracts by country composition
Summary of Investment Holdings [Line Items]
Percentage of Net Assets				1.10%
Fair Value				$ 170,426
Futures contracts by country composition | Australia
Summary of Investment Holdings [Line Items]
Percentage of Net Assets				0.10%
Fair Value				$ 15,095
Futures contracts by country composition | Canada
Summary of Investment Holdings [Line Items]
Percentage of Net Assets				0.30%
Fair Value				$ 47,097
Futures contracts by country composition | European Monetary Union
Summary of Investment Holdings [Line Items]
Percentage of Net Assets				0.10%
Fair Value				$ 18,363
Futures contracts by country composition | Great Britain
Summary of Investment Holdings [Line Items]
Percentage of Net Assets				(0.30%)
Fair Value				$ (48,659)
Futures contracts by country composition | Japan
Summary of Investment Holdings [Line Items]
Percentage of Net Assets				0.60%
Fair Value				$ 88,051
Futures contracts by country composition | United States
Summary of Investment Holdings [Line Items]
Percentage of Net Assets				0.10%
Fair Value				$ 14,103
Futures contracts by country composition | Other
Summary of Investment Holdings [Line Items]
Percentage of Net Assets				0.20%
Fair Value				$ 36,376
Forward Contracts
Summary of Investment Holdings [Line Items]
Percentage of Net Assets		0.10%
Fair Value		$ 5,995
Forward Contracts | Unrealized Appreciation on Open Forward Contracts
Summary of Investment Holdings [Line Items]
Percentage of Net Assets		0.30%
Fair Value		$ 31,250
Forward Contracts | Unrealized Appreciation on Open Forward Contracts | Currency
Summary of Investment Holdings [Line Items]
Percentage of Net Assets		0.30%
Fair Value		$ 31,250
Forward Contracts | Unrealized Depreciation on Open Forward Contracts
Summary of Investment Holdings [Line Items]
Percentage of Net Assets		(0.20%)
Fair Value		$ (25,255)
Forward Contracts | Unrealized Depreciation on Open Forward Contracts | Currency
Summary of Investment Holdings [Line Items]
Percentage of Net Assets		(0.20%)
Fair Value		$ (25,255)
Futures and Forward Contracts
Summary of Investment Holdings [Line Items]
Percentage of Net Assets		0.90%
Fair Value		$ 110,012
Futures and Forward Contracts | Australia
Summary of Investment Holdings [Line Items]
Percentage of Net Assets		0.50%
Fair Value		$ 60,436
Futures and Forward Contracts | Canada
Summary of Investment Holdings [Line Items]
Percentage of Net Assets		0.30%
Fair Value		$ 31,648
Futures and Forward Contracts | European Monetary Union
Summary of Investment Holdings [Line Items]
Percentage of Net Assets	[2]	0.00%
Fair Value		$ (354)
Futures and Forward Contracts | Great Britain
Summary of Investment Holdings [Line Items]
Percentage of Net Assets	[2]	0.00%
Fair Value		$ (3,088)
Futures and Forward Contracts | Japan
Summary of Investment Holdings [Line Items]
Percentage of Net Assets	[2]	0.00%
Fair Value		$ 5,087
Futures and Forward Contracts | United States
Summary of Investment Holdings [Line Items]
Percentage of Net Assets		0.50%
Fair Value		$ 60,136
Futures and Forward Contracts | Other
Summary of Investment Holdings [Line Items]
Percentage of Net Assets		(0.40%)
Fair Value		$ (43,853)
SERIES A | Futures Contracts
Summary of Investment Holdings [Line Items]
Percentage of Net Assets		0.40%		0.80%
Fair Value		$ 25,571		$ 60,927
SERIES A | Futures Contract Purchased
Summary of Investment Holdings [Line Items]
Percentage of Net Assets		2.00%		0.40%
Fair Value		$ 117,727		$ 34,216
SERIES A | Futures Contract Purchased | Currency
Summary of Investment Holdings [Line Items]
Percentage of Net Assets		0.40%		(0.30%)
Fair Value		$ 23,431		$ (19,819)
SERIES A | Futures Contract Purchased | Energy
Summary of Investment Holdings [Line Items]
Percentage of Net Assets		0.10%		0.20%
Fair Value		$ 4,729		$ 14,733
SERIES A | Futures Contract Purchased | Financial
Summary of Investment Holdings [Line Items]
Percentage of Net Assets		0.80%		0.40%
Fair Value		$ 48,127		$ 30,416
SERIES A | Futures Contract Purchased | Food & Fiber
Summary of Investment Holdings [Line Items]
Percentage of Net Assets		(0.30%)		(0.60%)
Fair Value		$ (17,444)		$ (47,034)
SERIES A | Futures Contract Purchased | Indices
Summary of Investment Holdings [Line Items]
Percentage of Net Assets		0.60%		0.50%
Fair Value		$ 35,858		$ 40,447
SERIES A | Futures Contract Purchased | Livestock
Summary of Investment Holdings [Line Items]
Percentage of Net Assets				0.10%
Fair Value				$ 8,080
SERIES A | Futures Contract Purchased | Metals
Summary of Investment Holdings [Line Items]
Percentage of Net Assets		0.40%		0.10%
Fair Value		$ 23,026		$ 7,393
SERIES A | Futures Contracts Sold
Summary of Investment Holdings [Line Items]
Percentage of Net Assets		(1.60%)		0.40%
Fair Value		$ (92,156)		$ 26,711
SERIES A | Futures Contracts Sold | Currency
Summary of Investment Holdings [Line Items]
Percentage of Net Assets		0.00%	[2]	(0.20%)
Fair Value		$ (1,141)		$ (22,132)
SERIES A | Futures Contracts Sold | Energy
Summary of Investment Holdings [Line Items]
Percentage of Net Assets		(0.20%)		0.30%
Fair Value		$ (14,288)		$ 24,407
SERIES A | Futures Contracts Sold | Financial
Summary of Investment Holdings [Line Items]
Percentage of Net Assets		(0.20%)		(0.10%)
Fair Value		$ (10,623)		$ (11,508)
SERIES A | Futures Contracts Sold | Food & Fiber
Summary of Investment Holdings [Line Items]
Percentage of Net Assets		0.10%		0.70%
Fair Value		$ 4,334		$ 54,433
SERIES A | Futures Contracts Sold | Indices
Summary of Investment Holdings [Line Items]
Percentage of Net Assets		0.00%	[2]	0.40%
Fair Value		$ (832)		$ 33,706
SERIES A | Futures Contracts Sold | Livestock
Summary of Investment Holdings [Line Items]
Percentage of Net Assets		0.10%		(0.10%)
Fair Value		$ 15,350		$ (7,490)
SERIES A | Futures Contracts Sold | Metals
Summary of Investment Holdings [Line Items]
Percentage of Net Assets		(1.40%)	[1]	(0.60%)
Fair Value		$ (84,956)		$ (44,705)
SERIES A | Futures contracts by country composition
Summary of Investment Holdings [Line Items]
Percentage of Net Assets				0.80%
Fair Value				$ 60,927
SERIES A | Futures contracts by country composition | Australia
Summary of Investment Holdings [Line Items]
Percentage of Net Assets				0.10%
Fair Value				$ 6,295
SERIES A | Futures contracts by country composition | Canada
Summary of Investment Holdings [Line Items]
Percentage of Net Assets				0.30%
Fair Value				$ 20,503
SERIES A | Futures contracts by country composition | European Monetary Union
Summary of Investment Holdings [Line Items]
Percentage of Net Assets				0.10%
Fair Value				$ 6,192
SERIES A | Futures contracts by country composition | Great Britain
Summary of Investment Holdings [Line Items]
Percentage of Net Assets				(0.20%)
Fair Value				$ (17,131)
SERIES A | Futures contracts by country composition | Japan
Summary of Investment Holdings [Line Items]
Percentage of Net Assets				0.40%
Fair Value				$ 36,300
SERIES A | Futures contracts by country composition | United States
Summary of Investment Holdings [Line Items]
Percentage of Net Assets				(0.10%)
Fair Value				$ (5,803)
SERIES A | Futures contracts by country composition | Other
Summary of Investment Holdings [Line Items]
Percentage of Net Assets				0.20%
Fair Value				$ 14,571
SERIES A | Forward Contracts
Summary of Investment Holdings [Line Items]
Percentage of Net Assets		0.10%
Fair Value		$ 2,798
SERIES A | Forward Contracts | Unrealized Appreciation on Open Forward Contracts
Summary of Investment Holdings [Line Items]
Percentage of Net Assets		0.20%
Fair Value		$ 9,768
SERIES A | Forward Contracts | Unrealized Appreciation on Open Forward Contracts | Currency
Summary of Investment Holdings [Line Items]
Percentage of Net Assets		0.20%
Fair Value		$ 9,768
SERIES A | Forward Contracts | Unrealized Depreciation on Open Forward Contracts
Summary of Investment Holdings [Line Items]
Percentage of Net Assets		(0.10%)
Fair Value		$ (6,970)
SERIES A | Forward Contracts | Unrealized Depreciation on Open Forward Contracts | Currency
Summary of Investment Holdings [Line Items]
Percentage of Net Assets		(0.10%)
Fair Value		$ (6,970)
SERIES A | Futures and Forward Contracts
Summary of Investment Holdings [Line Items]
Percentage of Net Assets		0.60%
Fair Value		$ 28,369
SERIES A | Futures and Forward Contracts | Australia
Summary of Investment Holdings [Line Items]
Percentage of Net Assets		0.40%
Fair Value		$ 23,523
SERIES A | Futures and Forward Contracts | Canada
Summary of Investment Holdings [Line Items]
Percentage of Net Assets		0.20%
Fair Value		$ 14,398
SERIES A | Futures and Forward Contracts | European Monetary Union
Summary of Investment Holdings [Line Items]
Percentage of Net Assets	[2]	0.00%
Fair Value		$ (2,284)
SERIES A | Futures and Forward Contracts | Great Britain
Summary of Investment Holdings [Line Items]
Percentage of Net Assets	[2]	0.00%
Fair Value		$ (1,232)
SERIES A | Futures and Forward Contracts | Japan
Summary of Investment Holdings [Line Items]
Percentage of Net Assets	[2]	0.00%
Fair Value		$ (577)
SERIES A | Futures and Forward Contracts | United States
Summary of Investment Holdings [Line Items]
Percentage of Net Assets		0.20%
Fair Value		$ 9,044
SERIES A | Futures and Forward Contracts | Other
Summary of Investment Holdings [Line Items]
Percentage of Net Assets		(0.20%)
Fair Value		$ (14,503)
SERIES B | Futures Contracts
Summary of Investment Holdings [Line Items]
Percentage of Net Assets		1.20%		1.40%
Fair Value		$ 78,446		$ 109,499
SERIES B | Futures Contract Purchased
Summary of Investment Holdings [Line Items]
Percentage of Net Assets		3.10%		0.60%
Fair Value		$ 192,902		$ 49,128
SERIES B | Futures Contract Purchased | Currency
Summary of Investment Holdings [Line Items]
Percentage of Net Assets		0.60%		(0.30%)
Fair Value		$ 36,509		$ (28,039)
SERIES B | Futures Contract Purchased | Energy
Summary of Investment Holdings [Line Items]
Percentage of Net Assets		0.20%		0.20%
Fair Value		$ 9,467		$ 15,843
SERIES B | Futures Contract Purchased | Financial
Summary of Investment Holdings [Line Items]
Percentage of Net Assets		1.20%	[3]	0.50%
Fair Value		$ 75,636		$ 43,949
SERIES B | Futures Contract Purchased | Food & Fiber
Summary of Investment Holdings [Line Items]
Percentage of Net Assets		(0.50%)		(0.80%)
Fair Value		$ (31,760)		$ (65,174)
SERIES B | Futures Contract Purchased | Indices
Summary of Investment Holdings [Line Items]
Percentage of Net Assets		1.00%	[3]	0.70%
Fair Value		$ 63,625		$ 58,053
SERIES B | Futures Contract Purchased | Livestock
Summary of Investment Holdings [Line Items]
Percentage of Net Assets				0.10%
Fair Value				$ 9,910
SERIES B | Futures Contract Purchased | Metals
Summary of Investment Holdings [Line Items]
Percentage of Net Assets		0.60%		0.20%
Fair Value		$ 39,425		$ 14,586
SERIES B | Futures Contracts Sold
Summary of Investment Holdings [Line Items]
Percentage of Net Assets		(1.80%)		0.80%
Fair Value		$ (114,456)		$ 60,371
SERIES B | Futures Contracts Sold | Currency
Summary of Investment Holdings [Line Items]
Percentage of Net Assets		0.00%	[2]	(0.40%)
Fair Value		$ (1,085)		$ (29,133)
SERIES B | Futures Contracts Sold | Energy
Summary of Investment Holdings [Line Items]
Percentage of Net Assets		(0.40%)		0.80%
Fair Value		$ (23,797)		$ 59,985
SERIES B | Futures Contracts Sold | Financial
Summary of Investment Holdings [Line Items]
Percentage of Net Assets		(0.30%)		(0.30%)
Fair Value		$ (19,069)		$ (23,280)
SERIES B | Futures Contracts Sold | Food & Fiber
Summary of Investment Holdings [Line Items]
Percentage of Net Assets		0.40%		1.10%	[1]
Fair Value		$ 24,685		$ 87,917
SERIES B | Futures Contracts Sold | Indices
Summary of Investment Holdings [Line Items]
Percentage of Net Assets		0.00%	[2]	0.50%
Fair Value		$ (2,459)		$ 44,320
SERIES B | Futures Contracts Sold | Livestock
Summary of Investment Holdings [Line Items]
Percentage of Net Assets		0.40%		(0.10%)
Fair Value		$ 27,820		$ (13,070)
SERIES B | Futures Contracts Sold | Metals
Summary of Investment Holdings [Line Items]
Percentage of Net Assets		(1.90%)		(0.80%)
Fair Value		$ (120,551)		$ (66,368)
SERIES B | Futures Contracts Sold | Metals | LME Aluminium Expiring December 2016
Summary of Investment Holdings [Line Items]
Percentage of Net Assets		(1.40%)
Fair Value		$ (89,650)
SERIES B | Futures Contracts Sold | Metals | Other
Summary of Investment Holdings [Line Items]
Percentage of Net Assets		(0.50%)
Fair Value		$ (30,901)
SERIES B | Futures contracts by country composition
Summary of Investment Holdings [Line Items]
Percentage of Net Assets				1.40%
Fair Value				$ 109,499
SERIES B | Futures contracts by country composition | Australia
Summary of Investment Holdings [Line Items]
Percentage of Net Assets				0.10%
Fair Value				$ 8,800
SERIES B | Futures contracts by country composition | Canada
Summary of Investment Holdings [Line Items]
Percentage of Net Assets				0.30%
Fair Value				$ 26,594
SERIES B | Futures contracts by country composition | European Monetary Union
Summary of Investment Holdings [Line Items]
Percentage of Net Assets				0.20%
Fair Value				$ 12,171
SERIES B | Futures contracts by country composition | Great Britain
Summary of Investment Holdings [Line Items]
Percentage of Net Assets				(0.30%)
Fair Value				$ (31,528)
SERIES B | Futures contracts by country composition | Japan
Summary of Investment Holdings [Line Items]
Percentage of Net Assets				0.60%
Fair Value				$ 51,751
SERIES B | Futures contracts by country composition | United States
Summary of Investment Holdings [Line Items]
Percentage of Net Assets				0.20%
Fair Value				$ 19,906
SERIES B | Futures contracts by country composition | Other
Summary of Investment Holdings [Line Items]
Percentage of Net Assets				0.30%
Fair Value				$ 21,805
SERIES B | Forward Contracts
Summary of Investment Holdings [Line Items]
Percentage of Net Assets	[2]	0.00%
Fair Value		$ 3,197
SERIES B | Forward Contracts | Unrealized Appreciation on Open Forward Contracts
Summary of Investment Holdings [Line Items]
Percentage of Net Assets		0.30%
Fair Value		$ 21,482
SERIES B | Forward Contracts | Unrealized Appreciation on Open Forward Contracts | Currency
Summary of Investment Holdings [Line Items]
Percentage of Net Assets		0.30%
Fair Value		$ 21,482
SERIES B | Forward Contracts | Unrealized Depreciation on Open Forward Contracts
Summary of Investment Holdings [Line Items]
Percentage of Net Assets		(0.30%)
Fair Value		$ (18,285)
SERIES B | Forward Contracts | Unrealized Depreciation on Open Forward Contracts | Currency
Summary of Investment Holdings [Line Items]
Percentage of Net Assets		(0.30%)
Fair Value		$ (18,285)
SERIES B | Futures and Forward Contracts
Summary of Investment Holdings [Line Items]
Percentage of Net Assets		1.40%
Fair Value		$ 81,643
SERIES B | Futures and Forward Contracts | Australia
Summary of Investment Holdings [Line Items]
Percentage of Net Assets		0.60%
Fair Value		$ 36,913
SERIES B | Futures and Forward Contracts | Canada
Summary of Investment Holdings [Line Items]
Percentage of Net Assets		0.30%
Fair Value		$ 17,250
SERIES B | Futures and Forward Contracts | European Monetary Union
Summary of Investment Holdings [Line Items]
Percentage of Net Assets	[2]	0.00%
Fair Value		$ 1,930
SERIES B | Futures and Forward Contracts | Great Britain
Summary of Investment Holdings [Line Items]
Percentage of Net Assets	[2]	0.00%
Fair Value		$ (1,856)
SERIES B | Futures and Forward Contracts | Japan
Summary of Investment Holdings [Line Items]
Percentage of Net Assets		0.10%
Fair Value		$ 5,664
SERIES B | Futures and Forward Contracts | United States
Summary of Investment Holdings [Line Items]
Percentage of Net Assets		0.80%
Fair Value		$ 51,092
SERIES B | Futures and Forward Contracts | Other
Summary of Investment Holdings [Line Items]
Percentage of Net Assets		(0.30%)
Fair Value		$ (29,350)

[1] No individual contract position constituted one percent or greater of net assets. Accordingly, the number of contracts and expiration dates are not presented.

[2] Due to rounding - amount is less than 0.05%

[3] No individual contract position constituted one percent or greater of net assets, unless broken out above. Accordingly, the number of contracts and expiration dates are not presented.

XML

Condensed Schedule of Investments (Parenthetical) (Detail) - Maximum	Sep. 30, 2016
Summary of Investment Holdings [Line Items]
Percentage of Net Assets	0.05%
SERIES A
Summary of Investment Holdings [Line Items]
Percentage of Net Assets	0.05%
SERIES B
Summary of Investment Holdings [Line Items]
Percentage of Net Assets	0.05%

XML

Statements of Changes in Net Assets (Detail) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Decrease in net assets from operations
Net investment loss	$ (256,629)	$ (328,421)	$ (853,074)	$ (1,091,173)
Net realized loss on futures and forward contracts	488,261	(835,551)	(801,820)	(191,439)
Net change in unrealized depreciation on futures and forward contracts	(339,674)	140,109	(60,414)	(692,007)
Net decrease in net assets from operations	(108,042)	(1,023,863)	(1,715,308)	(1,974,619)
Capital share transactions
Issuance of Units			349,704	460,968
Redemption of Units			(2,424,637)	(3,161,814)
Net decrease in net assets from capital share transactions			(2,074,933)	(2,700,846)
Net decrease in net assets			(3,790,241)	(4,675,465)
Net assets, beginning of period			15,940,740	20,602,511
Net assets, end of period	12,150,499	15,927,046	12,150,499	15,927,046
SERIES A
Decrease in net assets from operations
Net investment loss	(119,307)	(153,454)	(398,942)	(499,968)
Net realized loss on futures and forward contracts	195,654	(297,557)	(386,405)	(116,203)
Net change in unrealized depreciation on futures and forward contracts	(135,928)	34,114	(32,557)	(258,781)
Net decrease in net assets from operations	(59,581)	(416,897)	(817,904)	(874,952)
Capital share transactions
Issuance of Units			158,812	206,542
Redemption of Units			(1,348,921)	(1,345,454)
Net decrease in net assets from capital share transactions			(1,190,109)	(1,138,912)
Net decrease in net assets			(2,008,013)	(2,013,864)
Net assets, beginning of period			7,867,509	9,901,436
Net assets, end of period	$ 5,859,496	$ 7,887,572	$ 5,859,496	$ 7,887,572
Units, beginning of period			6,436.862	7,713.806
Issuance of Units			136.965	161.490
Redemption of Units			(1,199.342)	(1,052.668)
Units, end of period	5,374.485	6,822.628	5,374.485	6,822.628
SERIES B
Decrease in net assets from operations
Net investment loss	$ (137,322)	$ (174,967)	$ (454,132)	$ (591,205)
Net realized loss on futures and forward contracts	292,607	(537,994)	(415,415)	(75,236)
Net change in unrealized depreciation on futures and forward contracts	(203,746)	105,995	(27,857)	(433,226)
Net decrease in net assets from operations	(48,461)	(606,966)	(897,404)	(1,099,667)
Capital share transactions
Issuance of Units			190,892	254,426
Redemption of Units			(1,075,716)	(1,816,360)
Net decrease in net assets from capital share transactions			(884,824)	(1,561,934)
Net decrease in net assets			(1,782,228)	(2,661,601)
Net assets, beginning of period			8,073,231	10,701,075
Net assets, end of period	$ 6,291,003	$ 8,039,474	$ 6,291,003	$ 8,039,474
Units, beginning of period			5,799.188	7,316.097
Issuance of Units			144.137	171.606
Redemption of Units			(826.242)	(1,208.864)
Units, end of period	5,117.083	6,278.839	5,117.083	6,278.839

XML

Nature of Operations - Additional Information (Detail)	9 Months Ended
	Sep. 30, 2016 USD ($) Unit
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Number of Classes | Unit	2
Aggregate Net Assets | $	$ 500,000

XML

Basis of Presentation and Significant Accounting Policies - Additional Information (Detail)	Sep. 30, 2016 USD ($)
ADMIS
Basis Of Presentation And Summary Of Significant Accounting Policies [Line Items]
Margin on deposit	$ 2,205,239
Merrill Lynch
Basis Of Presentation And Summary Of Significant Accounting Policies [Line Items]
Margin on deposit	4,183,343
SERIES A | ADMIS
Basis Of Presentation And Summary Of Significant Accounting Policies [Line Items]
Margin on deposit	919,418
SERIES A | Merrill Lynch
Basis Of Presentation And Summary Of Significant Accounting Policies [Line Items]
Margin on deposit	1,669,451
SERIES B | ADMIS
Basis Of Presentation And Summary Of Significant Accounting Policies [Line Items]
Margin on deposit	1,285,821
SERIES B | Merrill Lynch
Basis Of Presentation And Summary Of Significant Accounting Policies [Line Items]
Margin on deposit	$ 2,513,892

XML

Fair Value Measurements - Additional Information (Detail) - USD ($)	Sep. 30, 2016	Dec. 31, 2015
Fair Value Disclosures [Abstract]
Derivative Contracts Valued Using Level 3 Holdings During Period	$ 0	$ 0

XML

Summary of Valuation of Fund's Assets and Liabilities Measured at Fair Value on Recurring Basis (Detail) - USD ($)	Sep. 30, 2016	Dec. 31, 2015
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Assets Measured at Fair Value	$ 688,455	$ 1,256,226
Total Liabilities Measured at Fair Value	578,443	1,085,800
Forward Contracts | Unrealized Appreciation on Open Forward Contracts
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Assets Measured at Fair Value	31,250
Forward Contracts | Unrealized Depreciation on Open Forward Contracts
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Liabilities Measured at Fair Value	25,255
Futures Contracts Sold
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Assets Measured at Fair Value	163,652	763,283
Total Liabilities Measured at Fair Value	370,264	676,201
Futures Contract Purchased
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Assets Measured at Fair Value	493,553	492,943
Total Liabilities Measured at Fair Value	182,924	409,599
Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Assets Measured at Fair Value	657,205	1,256,226
Total Liabilities Measured at Fair Value	553,188	1,085,800
Level 1 | Futures Contracts Sold
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Assets Measured at Fair Value	163,652	763,283
Total Liabilities Measured at Fair Value	370,264	676,201
Level 1 | Futures Contract Purchased
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Assets Measured at Fair Value	493,553	492,943
Total Liabilities Measured at Fair Value	182,924	409,599
Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Assets Measured at Fair Value	31,250
Total Liabilities Measured at Fair Value	25,255
Level 2 | Forward Contracts | Unrealized Appreciation on Open Forward Contracts
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Assets Measured at Fair Value	31,250
Level 2 | Forward Contracts | Unrealized Depreciation on Open Forward Contracts
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Liabilities Measured at Fair Value	25,255
SERIES A
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Assets Measured at Fair Value	255,554	498,732
Total Liabilities Measured at Fair Value	227,185	437,805
SERIES A | Forward Contracts | Unrealized Appreciation on Open Forward Contracts
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Assets Measured at Fair Value	9,768
SERIES A | Forward Contracts | Unrealized Depreciation on Open Forward Contracts
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Liabilities Measured at Fair Value	6,970
SERIES A | Futures Contracts Sold
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Assets Measured at Fair Value	60,596	297,768
Total Liabilities Measured at Fair Value	152,752	271,057
SERIES A | Futures Contract Purchased
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Assets Measured at Fair Value	185,190	200,964
Total Liabilities Measured at Fair Value	67,463	166,748
SERIES A | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Assets Measured at Fair Value	245,786	498,732
Total Liabilities Measured at Fair Value	220,215	437,805
SERIES A | Level 1 | Futures Contracts Sold
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Assets Measured at Fair Value	60,596	297,768
Total Liabilities Measured at Fair Value	152,752	271,057
SERIES A | Level 1 | Futures Contract Purchased
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Assets Measured at Fair Value	185,190	200,964
Total Liabilities Measured at Fair Value	67,463	166,748
SERIES A | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Assets Measured at Fair Value	9,768
Total Liabilities Measured at Fair Value	6,970
SERIES A | Level 2 | Forward Contracts | Unrealized Appreciation on Open Forward Contracts
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Assets Measured at Fair Value	9,768
SERIES A | Level 2 | Forward Contracts | Unrealized Depreciation on Open Forward Contracts
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Liabilities Measured at Fair Value	6,970
SERIES B
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Assets Measured at Fair Value	432,901	757,494
Total Liabilities Measured at Fair Value	351,258	647,995
SERIES B | Forward Contracts | Unrealized Appreciation on Open Forward Contracts
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Assets Measured at Fair Value	21,482
SERIES B | Forward Contracts | Unrealized Depreciation on Open Forward Contracts
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Liabilities Measured at Fair Value	18,285
SERIES B | Futures Contracts Sold
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Assets Measured at Fair Value	103,056	465,515
Total Liabilities Measured at Fair Value	217,512	405,144
SERIES B | Futures Contract Purchased
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Assets Measured at Fair Value	308,363	291,979
Total Liabilities Measured at Fair Value	115,461	242,851
SERIES B | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Assets Measured at Fair Value	411,419	757,494
Total Liabilities Measured at Fair Value	332,973	647,995
SERIES B | Level 1 | Futures Contracts Sold
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Assets Measured at Fair Value	103,056	465,515
Total Liabilities Measured at Fair Value	217,512	405,144
SERIES B | Level 1 | Futures Contract Purchased
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Assets Measured at Fair Value	308,363	291,979
Total Liabilities Measured at Fair Value	115,461	$ 242,851
SERIES B | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Assets Measured at Fair Value	21,482
Total Liabilities Measured at Fair Value	18,285
SERIES B | Level 2 | Forward Contracts | Unrealized Appreciation on Open Forward Contracts
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Assets Measured at Fair Value	21,482
SERIES B | Level 2 | Forward Contracts | Unrealized Depreciation on Open Forward Contracts
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Liabilities Measured at Fair Value	$ 18,285

XML

Fair Value of Funds Derivatives by Instrument Type (Detail) - USD ($)	Sep. 30, 2016	Dec. 31, 2015
Derivatives, Fair Value [Line Items]
Derivative Assets	$ 688,455	$ 1,256,226
Derivative Liabilities	(578,443)	(1,085,800)
Derivative Assets and Liabilities	110,012	170,426
Futures Contract Purchased
Derivatives, Fair Value [Line Items]
Derivative Assets	493,553	492,943
Derivative Liabilities	(182,924)	(409,599)
Futures Contracts Sold
Derivatives, Fair Value [Line Items]
Derivative Assets	163,652	763,283
Derivative Liabilities	(370,264)	(676,201)
Forward Contracts | Unrealized Appreciation on Open Forward Contracts
Derivatives, Fair Value [Line Items]
Derivative Assets	31,250
Forward Contracts | Unrealized Appreciation on Open Forward Contracts | Foreign Exchange Contracts
Derivatives, Fair Value [Line Items]
Derivative Assets	31,250
Derivative Assets and Liabilities	31,250
Forward Contracts | Unrealized Depreciation on Open Forward Contracts
Derivatives, Fair Value [Line Items]
Derivative Liabilities	(25,255)
Forward Contracts | Unrealized Depreciation on Open Forward Contracts | Foreign Exchange Contracts
Derivatives, Fair Value [Line Items]
Derivative Liabilities	(25,255)
Derivative Assets and Liabilities	(25,255)
Futures Contracts | Futures Contract Purchased
Derivatives, Fair Value [Line Items]
Derivative Assets	493,553	492,943
Derivative Liabilities	(182,924)	(409,599)
Derivative Assets and Liabilities	310,629	83,344
Futures Contracts | Futures Contracts Sold
Derivatives, Fair Value [Line Items]
Derivative Assets	163,652	763,283
Derivative Liabilities	(370,264)	(676,201)
Derivative Assets and Liabilities	(206,612)	87,082
SERIES A
Derivatives, Fair Value [Line Items]
Derivative Assets	255,554	498,732
Derivative Liabilities	(227,185)	(437,805)
Derivative Assets and Liabilities	28,369	60,927
SERIES A | Futures Contract Purchased
Derivatives, Fair Value [Line Items]
Derivative Assets	185,190	200,964
Derivative Liabilities	(67,463)	(166,748)
SERIES A | Futures Contracts Sold
Derivatives, Fair Value [Line Items]
Derivative Assets	60,596	297,768
Derivative Liabilities	(152,752)	(271,057)
SERIES A | Forward Contracts | Unrealized Appreciation on Open Forward Contracts
Derivatives, Fair Value [Line Items]
Derivative Assets	9,768
SERIES A | Forward Contracts | Unrealized Appreciation on Open Forward Contracts | Foreign Exchange Contracts
Derivatives, Fair Value [Line Items]
Derivative Assets	9,768
Derivative Assets and Liabilities	9,768
SERIES A | Forward Contracts | Unrealized Depreciation on Open Forward Contracts
Derivatives, Fair Value [Line Items]
Derivative Liabilities	(6,970)
SERIES A | Forward Contracts | Unrealized Depreciation on Open Forward Contracts | Foreign Exchange Contracts
Derivatives, Fair Value [Line Items]
Derivative Liabilities	(6,970)
Derivative Assets and Liabilities	(6,970)
SERIES A | Futures Contracts | Futures Contract Purchased
Derivatives, Fair Value [Line Items]
Derivative Assets	185,190	200,964
Derivative Liabilities	(67,463)	(166,748)
Derivative Assets and Liabilities	117,727	34,216
SERIES A | Futures Contracts | Futures Contracts Sold
Derivatives, Fair Value [Line Items]
Derivative Assets	60,596	297,768
Derivative Liabilities	(152,752)	(271,057)
Derivative Assets and Liabilities	(92,156)	26,711
SERIES B
Derivatives, Fair Value [Line Items]
Derivative Assets	432,901	757,494
Derivative Liabilities	(351,258)	(647,995)
Derivative Assets and Liabilities	81,643	109,499
SERIES B | Futures Contract Purchased
Derivatives, Fair Value [Line Items]
Derivative Assets	308,363	291,979
Derivative Liabilities	(115,461)	(242,851)
SERIES B | Futures Contracts Sold
Derivatives, Fair Value [Line Items]
Derivative Assets	103,056	465,515
Derivative Liabilities	(217,512)	(405,144)
SERIES B | Forward Contracts | Unrealized Appreciation on Open Forward Contracts
Derivatives, Fair Value [Line Items]
Derivative Assets	21,482
SERIES B | Forward Contracts | Unrealized Appreciation on Open Forward Contracts | Foreign Exchange Contracts
Derivatives, Fair Value [Line Items]
Derivative Assets	21,482
Derivative Assets and Liabilities	21,482
SERIES B | Forward Contracts | Unrealized Depreciation on Open Forward Contracts
Derivatives, Fair Value [Line Items]
Derivative Liabilities	(18,285)
SERIES B | Forward Contracts | Unrealized Depreciation on Open Forward Contracts | Foreign Exchange Contracts
Derivatives, Fair Value [Line Items]
Derivative Liabilities	(18,285)
Derivative Assets and Liabilities	(18,285)
SERIES B | Futures Contracts | Futures Contract Purchased
Derivatives, Fair Value [Line Items]
Derivative Assets	308,363	291,979
Derivative Liabilities	(115,461)	(242,851)
Derivative Assets and Liabilities	192,902	49,128
SERIES B | Futures Contracts | Futures Contracts Sold
Derivatives, Fair Value [Line Items]
Derivative Assets	103,056	465,515
Derivative Liabilities	(217,512)	(405,144)
Derivative Assets and Liabilities	$ (114,456)	$ 60,371

XML

Disclosure of Derivative Instruments and Hedging Activities - Offsetting Assets (Detail) - USD ($)	Sep. 30, 2016	Dec. 31, 2015
Offsetting Assets [Line Items]
Net Amount of Assets in the Statement of Assets and Liabilities	$ 110,012	$ 170,426
Financial Instruments Pledged	0	0
Cash Collateral Received	0	0
Net Amount	110,012	170,426
ADMIS
Offsetting Assets [Line Items]
Net Amount of Assets in the Statement of Assets and Liabilities	122,468	(100,889)
Financial Instruments Pledged	0	0
Cash Collateral Received	0	0
Net Amount	122,468	(100,889)
Merrill Lynch
Offsetting Assets [Line Items]
Net Amount of Assets in the Statement of Assets and Liabilities	(12,456)	271,315
Financial Instruments Pledged	0	0
Cash Collateral Received	0	0
Net Amount	(12,456)	271,315
SERIES A
Offsetting Assets [Line Items]
Net Amount of Assets in the Statement of Assets and Liabilities	28,369	60,927
Financial Instruments Pledged	0	0
Cash Collateral Received	0	0
Net Amount	28,369	60,927
SERIES A | ADMIS
Offsetting Assets [Line Items]
Net Amount of Assets in the Statement of Assets and Liabilities	39,373	(51,324)
Financial Instruments Pledged	0	0
Cash Collateral Received	0	0
Net Amount	39,373	(51,324)
SERIES A | Merrill Lynch
Offsetting Assets [Line Items]
Net Amount of Assets in the Statement of Assets and Liabilities	(11,004)	112,251
Financial Instruments Pledged	0	0
Cash Collateral Received	0	0
Net Amount	(11,004)	112,251
SERIES B
Offsetting Assets [Line Items]
Net Amount of Assets in the Statement of Assets and Liabilities	81,643	109,499
Financial Instruments Pledged	0	0
Cash Collateral Received	0	0
Net Amount	81,643	109,499
SERIES B | ADMIS
Offsetting Assets [Line Items]
Net Amount of Assets in the Statement of Assets and Liabilities	83,095	(49,565)
Financial Instruments Pledged	0	0
Cash Collateral Received	0	0
Net Amount	83,095	(49,565)
SERIES B | Merrill Lynch
Offsetting Assets [Line Items]
Net Amount of Assets in the Statement of Assets and Liabilities	(1,452)	159,064
Financial Instruments Pledged	0	0
Cash Collateral Received	0	0
Net Amount	$ (1,452)	$ 159,064

XML

Effects of Derivative Instruments on Statement of Operations (Detail) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Derivative Instruments, Gain (Loss) [Line Items]
Net Realized Gain (Loss) on Derivatives in Statement of Operations	$ 488,261	$ (835,551)	$ (801,820)	$ (191,439)
Net Change in Unrealized Appreciation / (Depreciation) on Derivatives in Statement of Operations	(339,674)	140,109	(60,414)	(692,007)
Net Realized and Unrealized gain (Loss) on Futures and Forward Contracts | Foreign Exchange Contracts
Derivative Instruments, Gain (Loss) [Line Items]
Net Realized Gain (Loss) on Derivatives in Statement of Operations	(13,194)	(11,841)	(1,056)	32,932
Net Change in Unrealized Appreciation / (Depreciation) on Derivatives in Statement of Operations	5,995		5,995
Net Realized and Unrealized gain (Loss) on Futures and Forward Contracts | Futures Contracts
Derivative Instruments, Gain (Loss) [Line Items]
Net Realized Gain (Loss) on Derivatives in Statement of Operations	501,455	(823,710)	(800,764)	(224,371)
Net Change in Unrealized Appreciation / (Depreciation) on Derivatives in Statement of Operations	(345,669)	140,109	(66,409)	(692,007)
SERIES B
Derivative Instruments, Gain (Loss) [Line Items]
Net Realized Gain (Loss) on Derivatives in Statement of Operations	292,607	(537,994)	(415,415)	(75,236)
Net Change in Unrealized Appreciation / (Depreciation) on Derivatives in Statement of Operations	(203,746)	105,995	(27,857)	(433,226)
SERIES B | Net Realized and Unrealized gain (Loss) on Futures and Forward Contracts | Foreign Exchange Contracts
Derivative Instruments, Gain (Loss) [Line Items]
Net Realized Gain (Loss) on Derivatives in Statement of Operations	(13,789)	(6,582)	(5,218)	22,380
Net Change in Unrealized Appreciation / (Depreciation) on Derivatives in Statement of Operations	3,197		3,197
SERIES B | Net Realized and Unrealized gain (Loss) on Futures and Forward Contracts | Futures Contracts
Derivative Instruments, Gain (Loss) [Line Items]
Net Realized Gain (Loss) on Derivatives in Statement of Operations	306,396	(531,412)	(410,197)	(97,616)
Net Change in Unrealized Appreciation / (Depreciation) on Derivatives in Statement of Operations	(206,943)	105,995	(31,054)	(433,226)
SERIES A
Derivative Instruments, Gain (Loss) [Line Items]
Net Realized Gain (Loss) on Derivatives in Statement of Operations	195,654	(297,557)	(386,405)	(116,203)
Net Change in Unrealized Appreciation / (Depreciation) on Derivatives in Statement of Operations	(135,928)	34,114	(32,557)	(258,781)
SERIES A | Net Realized and Unrealized gain (Loss) on Futures and Forward Contracts | Foreign Exchange Contracts
Derivative Instruments, Gain (Loss) [Line Items]
Net Realized Gain (Loss) on Derivatives in Statement of Operations	595	(5,259)	4,162	10,552
Net Change in Unrealized Appreciation / (Depreciation) on Derivatives in Statement of Operations	2,798		2,798
SERIES A | Net Realized and Unrealized gain (Loss) on Futures and Forward Contracts | Futures Contracts
Derivative Instruments, Gain (Loss) [Line Items]
Net Realized Gain (Loss) on Derivatives in Statement of Operations	195,059	(292,298)	(390,567)	(126,755)
Net Change in Unrealized Appreciation / (Depreciation) on Derivatives in Statement of Operations	$ (138,726)	$ 34,114	$ (35,355)	$ (258,781)

XML

Gross and Net Unrealized Gains and Losses by Long and Short Positions (Detail) - USD ($)		Sep. 30, 2016		Dec. 31, 2015
Derivative Instruments, Gain (Loss) [Line Items]
Asset Derivatives		$ 688,455		$ 1,256,226
Liability Derivatives		(578,443)		(1,085,800)
Net Unrealized Gain (Loss) on Open Positions		110,012		170,426
Foreign Exchange
Derivative Instruments, Gain (Loss) [Line Items]
Net Unrealized Gain (Loss) on Open Positions		5,995
Currency
Derivative Instruments, Gain (Loss) [Line Items]
Net Unrealized Gain (Loss) on Open Positions		57,714		(99,123)
Financial
Derivative Instruments, Gain (Loss) [Line Items]
Net Unrealized Gain (Loss) on Open Positions		94,071		39,577
Food & Fiber
Derivative Instruments, Gain (Loss) [Line Items]
Net Unrealized Gain (Loss) on Open Positions		(20,185)		30,142
Indices
Derivative Instruments, Gain (Loss) [Line Items]
Net Unrealized Gain (Loss) on Open Positions		96,192		176,526
Metals
Derivative Instruments, Gain (Loss) [Line Items]
Net Unrealized Gain (Loss) on Open Positions		(143,056)		(89,094)
Livestock
Derivative Instruments, Gain (Loss) [Line Items]
Net Unrealized Gain (Loss) on Open Positions		18,261		(2,570)
Energy
Derivative Instruments, Gain (Loss) [Line Items]
Net Unrealized Gain (Loss) on Open Positions		1,020		114,968
Long Position
Derivative Instruments, Gain (Loss) [Line Items]
Asset Derivatives		$ 521,241		$ 492,943
Gains percentage of net assets		4.00%		3.10%
Liability Derivatives		$ (196,886)		$ (409,599)
Loss percentage of net assets		(1.50%)		(2.60%)
Long Position | Foreign Exchange
Derivative Instruments, Gain (Loss) [Line Items]
Asset Derivatives		$ 27,688
Gains percentage of net assets		0.20%
Liability Derivatives		$ (13,962)
Loss percentage of net assets		(0.10%)
Long Position | Currency
Derivative Instruments, Gain (Loss) [Line Items]
Asset Derivatives		$ 63,871		$ 25,804
Gains percentage of net assets		0.50%		0.20%
Liability Derivatives		$ (3,931)		$ (73,662)
Loss percentage of net assets		(0.00%)	[1]	(0.50%)
Long Position | Financial
Derivative Instruments, Gain (Loss) [Line Items]
Asset Derivatives		$ 140,680		$ 78,150
Gains percentage of net assets		1.00%		0.50%
Liability Derivatives		$ (16,917)		$ (3,785)
Loss percentage of net assets		(0.10%)		(0.00%)	[1]
Long Position | Food & Fiber
Derivative Instruments, Gain (Loss) [Line Items]
Asset Derivatives		$ 26,811		$ 64,490
Gains percentage of net assets		0.20%		0.40%
Liability Derivatives		$ (76,015)		$ (176,698)
Loss percentage of net assets		(0.60%)		(1.10%)
Long Position | Indices
Derivative Instruments, Gain (Loss) [Line Items]
Asset Derivatives		$ 162,867		$ 211,901
Gains percentage of net assets		1.30%		1.30%
Liability Derivatives		$ (63,384)		$ (113,401)
Loss percentage of net assets		(0.50%)		(0.70%)
Long Position | Metals
Derivative Instruments, Gain (Loss) [Line Items]
Asset Derivatives		$ 85,128		$ 51,982
Gains percentage of net assets		0.70%		0.30%
Liability Derivatives		$ (22,677)		$ (30,003)
Loss percentage of net assets		(0.20%)		(0.20%)
Long Position | Livestock
Derivative Instruments, Gain (Loss) [Line Items]
Asset Derivatives		$ 4,729		$ 17,990
Gains percentage of net assets		0.00%	[1]	0.10%
Long Position | Energy
Derivative Instruments, Gain (Loss) [Line Items]
Asset Derivatives		$ 9,467		$ 42,626
Gains percentage of net assets		0.10%		0.30%
Liability Derivatives				$ (12,050)
Loss percentage of net assets				(0.10%)
Short Position
Derivative Instruments, Gain (Loss) [Line Items]
Asset Derivatives		$ 167,216		$ 763,283
Gains percentage of net assets		1.30%		4.80%
Liability Derivatives		$ (381,559)		$ (676,201)
Loss percentage of net assets		(3.00%)		(4.20%)
Short Position | Foreign Exchange
Derivative Instruments, Gain (Loss) [Line Items]
Asset Derivatives		$ 3,562
Gains percentage of net assets	[1]	0.00%
Liability Derivatives		$ (11,293)
Loss percentage of net assets		(0.10%)
Short Position | Currency
Derivative Instruments, Gain (Loss) [Line Items]
Asset Derivatives		$ 14,778		$ 95,399
Gains percentage of net assets		0.10%		0.60%
Liability Derivatives		$ (17,004)		$ (146,664)
Loss percentage of net assets		(0.10%)		(0.90%)
Short Position | Financial
Derivative Instruments, Gain (Loss) [Line Items]
Asset Derivatives				$ 4,821
Gains percentage of net assets	[1]			0.00%
Liability Derivatives		$ (29,692)		$ (39,609)
Loss percentage of net assets		(0.20%)		(0.20%)
Short Position | Food & Fiber
Derivative Instruments, Gain (Loss) [Line Items]
Asset Derivatives		$ 55,738		$ 182,433
Gains percentage of net assets		0.50%		1.10%
Liability Derivatives		$ (26,719)		$ (40,083)
Loss percentage of net assets		(0.20%)		(0.30%)
Short Position | Indices
Derivative Instruments, Gain (Loss) [Line Items]
Asset Derivatives		$ 35,612		$ 199,752
Gains percentage of net assets		0.30%		1.30%
Liability Derivatives		$ (38,903)		$ (121,726)
Loss percentage of net assets		(0.30%)		(0.80%)
Short Position | Metals
Derivative Instruments, Gain (Loss) [Line Items]
Asset Derivatives		$ 4,806		$ 47,150
Gains percentage of net assets		0.00%	[1]	0.30%
Liability Derivatives		$ (210,313)		$ (158,223)
Loss percentage of net assets		(1.70%)		(1.00%)
Short Position | Livestock
Derivative Instruments, Gain (Loss) [Line Items]
Asset Derivatives		$ 30,210
Gains percentage of net assets		0.20%
Liability Derivatives		$ (16,678)		$ (20,560)
Loss percentage of net assets		(0.10%)		(0.10%)
Short Position | Energy
Derivative Instruments, Gain (Loss) [Line Items]
Asset Derivatives		$ 22,510		$ 233,728
Gains percentage of net assets		0.20%		1.50%
Liability Derivatives		$ (30,957)		$ (149,336)
Loss percentage of net assets		(0.30%)		(0.90%)
SERIES A
Derivative Instruments, Gain (Loss) [Line Items]
Asset Derivatives		$ 255,554		$ 498,732
Liability Derivatives		(227,185)		(437,805)
Net Unrealized Gain (Loss) on Open Positions		28,369		60,927
SERIES A | Foreign Exchange
Derivative Instruments, Gain (Loss) [Line Items]
Net Unrealized Gain (Loss) on Open Positions		2,798
SERIES A | Currency
Derivative Instruments, Gain (Loss) [Line Items]
Net Unrealized Gain (Loss) on Open Positions		22,290		(41,951)
SERIES A | Financial
Derivative Instruments, Gain (Loss) [Line Items]
Net Unrealized Gain (Loss) on Open Positions		37,504		18,908
SERIES A | Food & Fiber
Derivative Instruments, Gain (Loss) [Line Items]
Net Unrealized Gain (Loss) on Open Positions		(13,110)		7,399
SERIES A | Indices
Derivative Instruments, Gain (Loss) [Line Items]
Net Unrealized Gain (Loss) on Open Positions		35,026		74,153
SERIES A | Metals
Derivative Instruments, Gain (Loss) [Line Items]
Net Unrealized Gain (Loss) on Open Positions		(61,930)		(37,312)
SERIES A | Livestock
Derivative Instruments, Gain (Loss) [Line Items]
Net Unrealized Gain (Loss) on Open Positions		15,350		590
SERIES A | Energy
Derivative Instruments, Gain (Loss) [Line Items]
Net Unrealized Gain (Loss) on Open Positions		(9,559)		39,140
SERIES A | Long Position
Derivative Instruments, Gain (Loss) [Line Items]
Asset Derivatives		$ 193,793		$ 200,964
Gains percentage of net assets		3.30%		2.60%
Liability Derivatives		$ (72,258)		$ (166,748)
Loss percentage of net assets		(1.30%)		(2.20%)
SERIES A | Long Position | Foreign Exchange
Derivative Instruments, Gain (Loss) [Line Items]
Asset Derivatives		$ 8,602
Gains percentage of net assets		0.10%
Liability Derivatives		$ (4,794)
Loss percentage of net assets		(0.10%)
SERIES A | Long Position | Currency
Derivative Instruments, Gain (Loss) [Line Items]
Asset Derivatives		$ 24,981		$ 10,300
Gains percentage of net assets		0.40%		0.10%
Liability Derivatives		$ (1,550)		$ (30,119)
Loss percentage of net assets		(0.00%)	[1]	(0.40%)
SERIES A | Long Position | Financial
Derivative Instruments, Gain (Loss) [Line Items]
Asset Derivatives		$ 53,662		$ 31,941
Gains percentage of net assets		0.90%		0.40%
Liability Derivatives		$ (5,535)		$ (1,525)
Loss percentage of net assets		(0.10%)		(0.00%)	[1]
SERIES A | Long Position | Food & Fiber
Derivative Instruments, Gain (Loss) [Line Items]
Asset Derivatives		$ 9,727		$ 24,650
Gains percentage of net assets		0.20%		0.30%
Liability Derivatives		$ (27,171)		$ (71,684)
Loss percentage of net assets		(0.50%)		(0.90%)
SERIES A | Long Position | Indices
Derivative Instruments, Gain (Loss) [Line Items]
Asset Derivatives		$ 59,171		$ 86,482
Gains percentage of net assets		1.00%		1.10%
Liability Derivatives		$ (23,313)		$ (46,035)
Loss percentage of net assets		(0.40%)		(0.60%)
SERIES A | Long Position | Metals
Derivative Instruments, Gain (Loss) [Line Items]
Asset Derivatives		$ 32,921		$ 19,838
Gains percentage of net assets		0.60%		0.30%
Liability Derivatives		$ (9,895)		$ (12,445)
Loss percentage of net assets		(0.40%)		(0.20%)
SERIES A | Long Position | Livestock
Derivative Instruments, Gain (Loss) [Line Items]
Asset Derivatives				$ 8,080
Gains percentage of net assets				0.10%
SERIES A | Long Position | Energy
Derivative Instruments, Gain (Loss) [Line Items]
Asset Derivatives		$ 4,729		$ 19,673
Gains percentage of net assets		0.10%		0.30%
Liability Derivatives				$ (4,940)
Loss percentage of net assets				(0.10%)
SERIES A | Short Position
Derivative Instruments, Gain (Loss) [Line Items]
Asset Derivatives		$ 61,764		$ 297,768
Gains percentage of net assets		1.00%		3.80%
Liability Derivatives		$ (154,930)		$ (271,057)
Loss percentage of net assets		(2.70%)		(3.50%)
SERIES A | Short Position | Foreign Exchange
Derivative Instruments, Gain (Loss) [Line Items]
Asset Derivatives		$ 1,166
Gains percentage of net assets	[1]	0.00%
Liability Derivatives		$ (2,176)
Loss percentage of net assets	[1]	(0.00%)
SERIES A | Short Position | Currency
Derivative Instruments, Gain (Loss) [Line Items]
Asset Derivatives		$ 5,818		$ 37,040
Gains percentage of net assets		0.10%		0.50%
Liability Derivatives		$ (6,959)		$ (59,172)
Loss percentage of net assets		(0.10%)		(0.80%)
SERIES A | Short Position | Financial
Derivative Instruments, Gain (Loss) [Line Items]
Asset Derivatives				$ 4,486
Gains percentage of net assets				0.10%
Liability Derivatives		$ (10,623)		$ (15,994)
Loss percentage of net assets		(0.20%)		(0.20%)
SERIES A | Short Position | Food & Fiber
Derivative Instruments, Gain (Loss) [Line Items]
Asset Derivatives		$ 20,025		$ 73,127
Gains percentage of net assets		0.30%		0.90%
Liability Derivatives		$ (15,691)		$ (18,694)
Loss percentage of net assets		(0.30%)		(0.20%)
SERIES A | Short Position | Indices
Derivative Instruments, Gain (Loss) [Line Items]
Asset Derivatives		$ 15,376		$ 80,284
Gains percentage of net assets		0.30%		1.00%
Liability Derivatives		$ (16,208)		$ (46,578)
Loss percentage of net assets		(0.30%)		(0.60%)
SERIES A | Short Position | Metals
Derivative Instruments, Gain (Loss) [Line Items]
Asset Derivatives		$ 1,639		$ 18,053
Gains percentage of net assets		0.00%	[1]	0.20%
Liability Derivatives		$ (86,595)		$ (62,758)
Loss percentage of net assets		(1.50%)		(0.80%)
SERIES A | Short Position | Livestock
Derivative Instruments, Gain (Loss) [Line Items]
Asset Derivatives		$ 15,350
Gains percentage of net assets		0.30%
Liability Derivatives				$ (7,490)
Loss percentage of net assets				(0.10%)
SERIES A | Short Position | Energy
Derivative Instruments, Gain (Loss) [Line Items]
Asset Derivatives		$ 2,390		$ 84,778
Gains percentage of net assets		0.00%	[1]	1.10%
Liability Derivatives		$ (16,678)		$ (60,371)
Loss percentage of net assets		(0.30%)		(0.80%)
SERIES B
Derivative Instruments, Gain (Loss) [Line Items]
Asset Derivatives		$ 432,901		$ 757,494
Liability Derivatives		(351,258)		(647,995)
Net Unrealized Gain (Loss) on Open Positions		81,643		109,499
SERIES B | Foreign Exchange
Derivative Instruments, Gain (Loss) [Line Items]
Net Unrealized Gain (Loss) on Open Positions		3,197
SERIES B | Currency
Derivative Instruments, Gain (Loss) [Line Items]
Net Unrealized Gain (Loss) on Open Positions		35,424		(57,172)
SERIES B | Financial
Derivative Instruments, Gain (Loss) [Line Items]
Net Unrealized Gain (Loss) on Open Positions		56,567		20,669
SERIES B | Food & Fiber
Derivative Instruments, Gain (Loss) [Line Items]
Net Unrealized Gain (Loss) on Open Positions		(7,075)		22,743
SERIES B | Indices
Derivative Instruments, Gain (Loss) [Line Items]
Net Unrealized Gain (Loss) on Open Positions		61,166		102,373
SERIES B | Metals
Derivative Instruments, Gain (Loss) [Line Items]
Net Unrealized Gain (Loss) on Open Positions		(81,126)		(51,782)
SERIES B | Livestock
Derivative Instruments, Gain (Loss) [Line Items]
Net Unrealized Gain (Loss) on Open Positions		27,820		(3,160)
SERIES B | Energy
Derivative Instruments, Gain (Loss) [Line Items]
Net Unrealized Gain (Loss) on Open Positions		(14,330)		75,828
SERIES B | Long Position
Derivative Instruments, Gain (Loss) [Line Items]
Asset Derivatives		$ 327,448		$ 291,979
Gains percentage of net assets		5.20%		3.70%
Liability Derivatives		$ (124,628)		$ (242,851)
Loss percentage of net assets		(1.90%)		(2.90%)
SERIES B | Long Position | Foreign Exchange
Derivative Instruments, Gain (Loss) [Line Items]
Asset Derivatives		$ 19,086
Gains percentage of net assets		0.30%
Liability Derivatives		$ (9,168)
Loss percentage of net assets		(0.10%)
SERIES B | Long Position | Currency
Derivative Instruments, Gain (Loss) [Line Items]
Asset Derivatives		$ 38,890		$ 15,504
Gains percentage of net assets		0.60%		0.20%
Liability Derivatives		$ (2,381)		$ (43,543)
Loss percentage of net assets		(0.00%)	[1]	(0.50%)
SERIES B | Long Position | Financial
Derivative Instruments, Gain (Loss) [Line Items]
Asset Derivatives		$ 87,018		$ 46,209
Gains percentage of net assets		1.40%		0.60%
Liability Derivatives		$ (11,382)		$ (2,260)
Loss percentage of net assets		(0.20%)		(0.00%)	[1]
SERIES B | Long Position | Food & Fiber
Derivative Instruments, Gain (Loss) [Line Items]
Asset Derivatives		$ 17,084		$ 39,840
Gains percentage of net assets		0.30%		0.50%
Liability Derivatives		$ (48,844)		$ (105,014)
Loss percentage of net assets		(0.80%)		(1.30%)
SERIES B | Long Position | Indices
Derivative Instruments, Gain (Loss) [Line Items]
Asset Derivatives		$ 103,696		$ 125,419
Gains percentage of net assets		1.60%		1.60%
Liability Derivatives		$ (40,071)		$ (67,366)
Loss percentage of net assets		(0.60%)		(0.80%)
SERIES B | Long Position | Metals
Derivative Instruments, Gain (Loss) [Line Items]
Asset Derivatives		$ 52,207		$ 32,144
Gains percentage of net assets		0.80%		0.40%
Liability Derivatives		$ (12,782)		$ (17,558)
Loss percentage of net assets		(0.20%)		(0.20%)
SERIES B | Long Position | Livestock
Derivative Instruments, Gain (Loss) [Line Items]
Asset Derivatives				$ 9,910
Gains percentage of net assets				0.10%
SERIES B | Long Position | Energy
Derivative Instruments, Gain (Loss) [Line Items]
Asset Derivatives		$ 9,467		$ 22,953
Gains percentage of net assets		0.20%		0.30%
Liability Derivatives				$ (7,110)
Loss percentage of net assets				(0.10%)
SERIES B | Short Position
Derivative Instruments, Gain (Loss) [Line Items]
Asset Derivatives		$ 105,452		$ 465,515
Gains percentage of net assets		1.60%		5.80%
Liability Derivatives		$ (226,629)		$ (405,144)
Loss percentage of net assets		(3.70%)		(5.10%)
SERIES B | Short Position | Foreign Exchange
Derivative Instruments, Gain (Loss) [Line Items]
Asset Derivatives		$ 2,396
Gains percentage of net assets	[1]	0.00%
Liability Derivatives		$ (9,117)
Loss percentage of net assets		(0.10%)
SERIES B | Short Position | Currency
Derivative Instruments, Gain (Loss) [Line Items]
Asset Derivatives		$ 8,960		$ 58,359
Gains percentage of net assets		0.10%		0.70%
Liability Derivatives		$ (10,045)		$ (87,492)
Loss percentage of net assets		(0.20%)		(1.10%)
SERIES B | Short Position | Financial
Derivative Instruments, Gain (Loss) [Line Items]
Asset Derivatives				$ 335
Gains percentage of net assets	[1]			0.00%
Liability Derivatives		$ (19,069)		$ (23,615)
Loss percentage of net assets		(0.30%)		(0.30%)
SERIES B | Short Position | Food & Fiber
Derivative Instruments, Gain (Loss) [Line Items]
Asset Derivatives		$ 35,713		$ 109,306
Gains percentage of net assets		0.60%		1.40%
Liability Derivatives		$ (11,028)		$ (21,389)
Loss percentage of net assets		(0.20%)		(0.30%)
SERIES B | Short Position | Indices
Derivative Instruments, Gain (Loss) [Line Items]
Asset Derivatives		$ 20,236		$ 119,468
Gains percentage of net assets		0.30%		1.50%
Liability Derivatives		$ (22,695)		$ (75,148)
Loss percentage of net assets		(0.40%)		(0.90%)
SERIES B | Short Position | Metals
Derivative Instruments, Gain (Loss) [Line Items]
Asset Derivatives		$ 3,167		$ 29,097
Gains percentage of net assets		0.10%		0.40%
Liability Derivatives		$ (123,718)		$ (95,465)
Loss percentage of net assets		(2.00%)		(1.20%)
SERIES B | Short Position | Livestock
Derivative Instruments, Gain (Loss) [Line Items]
Asset Derivatives		$ 27,820
Gains percentage of net assets		0.40%
Liability Derivatives				$ (13,070)
Loss percentage of net assets				(0.20%)
SERIES B | Short Position | Energy
Derivative Instruments, Gain (Loss) [Line Items]
Asset Derivatives		$ 7,160		$ 148,950
Gains percentage of net assets		0.10%		1.80%
Liability Derivatives		$ (30,957)		$ (88,965)
Loss percentage of net assets		(0.50%)		(1.10%)

[1] Due to rounding - amount is less than 0.05%

XML

Disclosure of Derivative Instruments and Hedging Activities - Additional Information (Detail) - Contract	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Futures Contracts | Long Position
Derivatives, Fair Value [Line Items]
Average number of contracts		1,969		2,607
Futures Contracts | Long Position | SERIES A
Derivatives, Fair Value [Line Items]
Average number of contracts		750		972
Futures Contracts | Long Position | SERIES B
Derivatives, Fair Value [Line Items]
Average number of contracts		1,220		1,635
Futures Contracts | Short Position
Derivatives, Fair Value [Line Items]
Average number of contracts		2,106		1,589
Futures Contracts | Short Position | SERIES A
Derivatives, Fair Value [Line Items]
Average number of contracts		822		603
Futures Contracts | Short Position | SERIES B
Derivatives, Fair Value [Line Items]
Average number of contracts		1,284		986
Futures and Forward Contracts | Long Position
Derivatives, Fair Value [Line Items]
Average number of contracts	1,865		1,954
Futures and Forward Contracts | Long Position | SERIES A
Derivatives, Fair Value [Line Items]
Average number of contracts	708		758
Futures and Forward Contracts | Long Position | SERIES B
Derivatives, Fair Value [Line Items]
Average number of contracts	1,157		1,196
Futures and Forward Contracts | Short Position
Derivatives, Fair Value [Line Items]
Average number of contracts	1,025		2,083
Futures and Forward Contracts | Short Position | SERIES A
Derivatives, Fair Value [Line Items]
Average number of contracts	396		687
Futures and Forward Contracts | Short Position | SERIES B
Derivatives, Fair Value [Line Items]
Average number of contracts	629		1,063

XML

Funds Trading Results by Market Sector (Detail) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Derivative Instruments, Gain (Loss) [Line Items]
Net Realized Gains (Losses)	$ 488,261	$ (835,551)	$ (801,820)	$ (191,439)
Change in Net Unrealized Gains (Losses)	(339,674)	140,109	(60,414)	(692,010)
Net Trading Gains (Losses)	148,587	(695,442)	(862,234)	(883,449)
Foreign Exchange
Derivative Instruments, Gain (Loss) [Line Items]
Net Realized Gains (Losses)	(13,194)	(11,841)	(1,056)	32,932
Change in Net Unrealized Gains (Losses)	5,995		5,995
Net Trading Gains (Losses)	(7,199)	(11,841)	4,939	32,932
Currency
Derivative Instruments, Gain (Loss) [Line Items]
Net Realized Gains (Losses)	(137,156)	98,969	(619,658)	449,176
Change in Net Unrealized Gains (Losses)	108,463	(89,406)	156,837	(123,547)
Net Trading Gains (Losses)	(28,693)	9,563	(462,821)	325,629
Financial
Derivative Instruments, Gain (Loss) [Line Items]
Net Realized Gains (Losses)	270,122	106,471	540,279	(313,939)
Change in Net Unrealized Gains (Losses)	(166,743)	12,993	54,497	(436,026)
Net Trading Gains (Losses)	103,379	119,464	594,776	(749,965)
Food & Fiber
Derivative Instruments, Gain (Loss) [Line Items]
Net Realized Gains (Losses)	91,936	(156,185)	120,141	(251,813)
Change in Net Unrealized Gains (Losses)	(164,610)	(58,007)	(50,329)	(5,543)
Net Trading Gains (Losses)	(72,674)	(214,192)	69,812	(257,356)
Indices
Derivative Instruments, Gain (Loss) [Line Items]
Net Realized Gains (Losses)	215,396	(766,950)	52,853	315,853
Change in Net Unrealized Gains (Losses)	85,895	27,147	(80,334)	(266,420)
Net Trading Gains (Losses)	301,291	(739,803)	(27,481)	49,433
Metals
Derivative Instruments, Gain (Loss) [Line Items]
Net Realized Gains (Losses)	188,585	211,325	(493,751)	486,407
Change in Net Unrealized Gains (Losses)	(265,523)	5,483	(53,962)	(141,788)
Net Trading Gains (Losses)	(76,938)	216,808	(547,713)	344,619
Livestock
Derivative Instruments, Gain (Loss) [Line Items]
Net Realized Gains (Losses)	14,290	(295,070)	(16,810)	(907,080)
Change in Net Unrealized Gains (Losses)	48,380	80,900	45,740	206,470
Net Trading Gains (Losses)	62,670	(214,170)	28,930	(700,610)
Energy
Derivative Instruments, Gain (Loss) [Line Items]
Net Realized Gains (Losses)	(141,718)	(22,270)	(383,818)	(2,975)
Change in Net Unrealized Gains (Losses)	8,469	160,999	(138,858)	74,844
Net Trading Gains (Losses)	(133,249)	138,729	(522,676)	71,869
SERIES A
Derivative Instruments, Gain (Loss) [Line Items]
Net Realized Gains (Losses)	195,654	(297,557)	(386,405)	(116,203)
Change in Net Unrealized Gains (Losses)	(135,928)	34,114	(32,557)	(258,781)
Net Trading Gains (Losses)	59,726	(263,443)	(418,962)	(374,984)
SERIES A | Foreign Exchange
Derivative Instruments, Gain (Loss) [Line Items]
Net Realized Gains (Losses)	595	(5,259)	4,162	10,552
Change in Net Unrealized Gains (Losses)	2,798		2,798
Net Trading Gains (Losses)	3,393	(5,259)	6,960	10,552
SERIES A | Currency
Derivative Instruments, Gain (Loss) [Line Items]
Net Realized Gains (Losses)	(52,810)	23,999	(243,667)	159,527
Change in Net Unrealized Gains (Losses)	44,003	(32,926)	64,241	(44,475)
Net Trading Gains (Losses)	(8,807)	(8,927)	(179,426)	115,052
SERIES A | Financial
Derivative Instruments, Gain (Loss) [Line Items]
Net Realized Gains (Losses)	91,195	48,056	202,918	(273,280)
Change in Net Unrealized Gains (Losses)	(50,962)	(2,049)	18,599	(166,898)
Net Trading Gains (Losses)	40,233	46,007	221,517	(440,178)
SERIES A | Food & Fiber
Derivative Instruments, Gain (Loss) [Line Items]
Net Realized Gains (Losses)	37,813	(60,891)	36,229	(82,944)
Change in Net Unrealized Gains (Losses)	(67,648)	(28,889)	(20,511)	(12,821)
Net Trading Gains (Losses)	(29,835)	(89,780)	15,718	(95,765)
SERIES A | Indices
Derivative Instruments, Gain (Loss) [Line Items]
Net Realized Gains (Losses)	80,549	(273,138)	(30,670)	(57,165)
Change in Net Unrealized Gains (Losses)	22,888	(2,964)	(39,127)	(94,685)
Net Trading Gains (Losses)	103,437	(276,102)	(69,797)	(151,850)
SERIES A | Metals
Derivative Instruments, Gain (Loss) [Line Items]
Net Realized Gains (Losses)	83,778	82,291	(182,251)	460,497
Change in Net Unrealized Gains (Losses)	(105,869)	7,285	(24,618)	(45,175)
Net Trading Gains (Losses)	(22,091)	89,576	(206,869)	415,322
SERIES A | Livestock
Derivative Instruments, Gain (Loss) [Line Items]
Net Realized Gains (Losses)	9,320	(111,390)	(660)	(343,320)
Change in Net Unrealized Gains (Losses)	15,800	28,280	14,760	74,380
Net Trading Gains (Losses)	25,120	(83,110)	14,100	(268,940)
SERIES A | Energy
Derivative Instruments, Gain (Loss) [Line Items]
Net Realized Gains (Losses)	(54,786)	(1,225)	(172,466)	9,930
Change in Net Unrealized Gains (Losses)	3,062	65,377	(48,699)	30,893
Net Trading Gains (Losses)	(51,724)	64,152	(221,165)	40,823
SERIES B
Derivative Instruments, Gain (Loss) [Line Items]
Net Realized Gains (Losses)	292,607	(537,994)	(415,415)	(75,236)
Change in Net Unrealized Gains (Losses)	(203,746)	105,995	(27,857)	(433,227)
Net Trading Gains (Losses)	88,861	(431,999)	(443,272)	(508,463)
SERIES B | Foreign Exchange
Derivative Instruments, Gain (Loss) [Line Items]
Net Realized Gains (Losses)	(13,789)	(6,582)	(5,218)	22,380
Change in Net Unrealized Gains (Losses)	3,197		3,197
Net Trading Gains (Losses)	(10,592)	(6,582)	(2,021)	22,380
SERIES B | Currency
Derivative Instruments, Gain (Loss) [Line Items]
Net Realized Gains (Losses)	(84,346)	74,970	(375,991)	289,649
Change in Net Unrealized Gains (Losses)	64,460	(56,480)	92,596	(79,072)
Net Trading Gains (Losses)	(19,886)	18,490	(283,395)	210,577
SERIES B | Financial
Derivative Instruments, Gain (Loss) [Line Items]
Net Realized Gains (Losses)	178,927	58,415	337,361	(40,659)
Change in Net Unrealized Gains (Losses)	(115,781)	15,042	35,898	(269,128)
Net Trading Gains (Losses)	63,146	73,457	373,259	(309,787)
SERIES B | Food & Fiber
Derivative Instruments, Gain (Loss) [Line Items]
Net Realized Gains (Losses)	54,123	(95,294)	83,912	(168,869)
Change in Net Unrealized Gains (Losses)	(96,962)	(29,118)	(29,818)	7,278
Net Trading Gains (Losses)	(42,839)	(124,412)	54,094	(161,591)
SERIES B | Indices
Derivative Instruments, Gain (Loss) [Line Items]
Net Realized Gains (Losses)	134,847	(493,812)	83,523	373,018
Change in Net Unrealized Gains (Losses)	63,007	30,111	(41,207)	(171,735)
Net Trading Gains (Losses)	197,854	(463,701)	42,316	201,283
SERIES B | Metals
Derivative Instruments, Gain (Loss) [Line Items]
Net Realized Gains (Losses)	104,807	129,034	(311,500)	25,910
Change in Net Unrealized Gains (Losses)	(159,654)	(1,802)	(29,344)	(96,611)
Net Trading Gains (Losses)	(54,847)	127,232	(340,844)	(70,701)
SERIES B | Livestock
Derivative Instruments, Gain (Loss) [Line Items]
Net Realized Gains (Losses)	4,970	(183,680)	(16,150)	(563,760)
Change in Net Unrealized Gains (Losses)	32,580	52,620	30,980	132,090
Net Trading Gains (Losses)	37,550	(131,060)	14,830	(431,670)
SERIES B | Energy
Derivative Instruments, Gain (Loss) [Line Items]
Net Realized Gains (Losses)	(86,932)	(21,045)	(211,352)	(12,905)
Change in Net Unrealized Gains (Losses)	5,407	95,622	(90,159)	43,951
Net Trading Gains (Losses)	$ (81,525)	$ 74,577	$ (301,511)	$ 31,046

XML

Due From To Brokers - Additional Information (Detail) - USD ($)	Sep. 30, 2016	Dec. 31, 2015
Due to and from Broker-Dealers and Clearing Organizations [Abstract]
Due to Brokers	$ 0	$ 0

XML

Related Party Transactions - Additional Information (Detail) - Superfund Capital Management	9 Months Ended
	Sep. 30, 2016
Related Party Transaction [Line Items]
Management Fee	1.85%
Offering expenses percentage	1.00%
Operating expenses percentage	0.15%
Incentive fees	25.00%
Selling commissions percentage	4.00%
Maximum cumulative selling commission percentage	10.00%

XML

Financial Highlights (Detail) - $ / shares		3 Months Ended		9 Months Ended
		Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
SERIES A
Financial Highlights [Line Items]
Total return before incentive fees	[1]	(1.20%)	(5.00%)	(11.10%)	(10.10%)
Incentive fees	[1]	0.00%	0.00%	0.00%	0.00%
Total return after incentive fees	[1]	(1.20%)	(5.00%)	(11.10%)	(10.10%)
Ratio to average partners' capital, Operating expenses before incentive fees		1.90%	1.90%	5.80%	5.50%
Ratio to average partners' capital, Incentive fees		0.00%	0.00%	0.00%	0.00%
Ratio to average partners' capital, Total expenses		1.90%	1.90%	5.80%	5.50%
Net investment loss		(1.90%)	(1.90%)	(5.70%)	(5.50%)
Net asset value per unit, beginning of period		$ 1,101.60	$ 1,216.01	$ 1,222.26	$ 1,283.60
Net investment loss		(21.04)	(22.19)	(66.25)	(69.45)
Net gain (loss) on investments		9.68	(37.73)	(65.77)	(58.06)
Net asset value per unit, end of period		1,090.24	1,156.09	1,090.24	1,156.09
Net decrease in net assets from operations per Unit (based upon weighted average number of Units during period) upon weighted average number of Units during period)	[2]	(10.50)	(61.92)	(136.35)	(122.06)
Net decrease in net assets from operations per Unit (based upon change in net asset value per Unit) upon change in net asset value per Unit)	[2]	$ (11.36)	$ (59.92)	$ (132.02)	$ (127.51)
SERIES B
Financial Highlights [Line Items]
Total return before incentive fees	[1]	(1.10%)	(6.90%)	(11.90%)	(12.40%)
Incentive fees	[1]	0.00%	0.00%	0.00%	0.00%
Total return after incentive fees	[1]	(1.10%)	(6.90%)	(11.90%)	(12.40%)
Ratio to average partners' capital, Operating expenses before incentive fees		2.00%	2.00%	6.30%	6.10%
Ratio to average partners' capital, Incentive fees		0.00%	0.00%	0.00%	0.00%
Ratio to average partners' capital, Total expenses		2.00%	2.00%	6.30%	6.10%
Net investment loss		(2.00%)	(2.00%)	(6.20%)	(6.10%)
Net asset value per unit, beginning of period		$ 1,241.52	$ 1,375.18	$ 1,392.13	$ 1,462.68
Net investment loss		(25.80)	(27.31)	(82.22)	(88.53)
Net gain (loss) on investments		13.69	(67.46)	(80.50)	(93.74)
Net asset value per unit, end of period		1,229.41	1,280.41	1,229.41	1,280.41
Net decrease in net assets from operations per Unit (based upon weighted average number of Units during period) upon weighted average number of Units during period)	[3]	(9.11)	(97.38)	(162.81)	(165.82)
Net decrease in net assets from operations per Unit (based upon change in net asset value per Unit) upon change in net asset value per Unit)	[3]	$ (12.11)	$ (94.77)	$ (162.72)	$ (182.27)

[1] Total return is calculated for each Series of the Fund taken as a whole. An individual's return may vary from these returns based on the timing of capital transactions.

[2] Weighted average number of Units outstanding for Series A for the three months ended September 30, 2016 and September 30, 2015: 5,673.76 and 6,732.97, respectively; and for the nine months ended September 30, 2016 and September 30, 2015: 5,998.73 and 7,168.34, respectively.

[3] Weighted average number of Units outstanding for Series B for the three months ended September 30, 2016 and September 30, 2015: 5,316.77 and 6,233.22, respectively; and for the nine months ended September 30, 2016 and September 30, 2015: 5,511.87 and 6,631.60, respectively.

XML

Financial Instrument Risk - Additional Information (Detail) - USD ($)	9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015
Exchange Traded Futures
Financial Instrument Risk [Line Items]
Gain On Derivative Instruments Pretax	$ 657,205	$ 953,099
Loss On Derivative Instruments Pretax	553,188	925,717
Exchange Traded Futures | SERIES A
Financial Instrument Risk [Line Items]
Gain On Derivative Instruments Pretax	245,786	381,211
Loss On Derivative Instruments Pretax	220,215	371,398
Exchange Traded Futures | SERIES B
Financial Instrument Risk [Line Items]
Gain On Derivative Instruments Pretax	411,419	571,888
Loss On Derivative Instruments Pretax	332,973	$ 554,319
Non Exchange Traded Forwards
Financial Instrument Risk [Line Items]
Gain On Derivative Instruments Pretax	31,250
Loss On Derivative Instruments Pretax	25,255
Non Exchange Traded Forwards | SERIES A
Financial Instrument Risk [Line Items]
Gain On Derivative Instruments Pretax	9,768
Loss On Derivative Instruments Pretax	6,970
Non Exchange Traded Forwards | SERIES B
Financial Instrument Risk [Line Items]
Gain On Derivative Instruments Pretax	21,482
Loss On Derivative Instruments Pretax	$ 18,285

XML

Subscriptions and Redemptions - Additional Information (Detail) - USD ($)	6 Months Ended	9 Months Ended
	Jun. 30, 2016	Sep. 30, 2016	Sep. 30, 2015
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Initial investment amount		$ 2,424,637	$ 3,161,814
Number of days for redemptions	20 days
Net asset value per unit minimum decline rate	50.00%
Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Initial investment amount	$ 1,000
Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Initial investment amount	$ 10,000
Partners capital account, number of days for a written request for redemptions	5 days
Maximum | Special Redemption Period
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Partners capital account, maximum number of days to notify partners about special redemption event	7 days