Sign in

Private company

Ceres Classic L.P.

Ceres Classic L.P. is an American commodity contracts brokers and dealers company based in New York.2

Last updated Oct 21, 2026.

Overview

-$3.3MNet income, fiscal 20253
  • IndustryCommodity Contracts Brokers & Dealers2
  • HeadquartersNew York, United States2
  • Incorporated inDE4
  • Business addressC/O Ceres Managed Futures Llc, 522 Fifth Avenue, New York, Ny 100364
  • Filer categoryNon-accelerated filer4
  • Legal formFUND2
  • Kind of organizationFund2
  • LEI549300JYMOBYEQBYH7122
  • StatusActive2
  • LEI statusIssued and current2
  • Registered addressC/O THE CORPORATION TRUST COMPANY, 19801 Wilmington, United States2
  • Registered withSecurities and Exchange Commission, 00010666562

See how the biggest companies compare on our leaderboards

(a) General Development of Business . Ceres Classic L.P. (formerly, Managed Futures Premier Graham L.P.) (the “Partnership”) was formed on July 15, 1998 under the Delaware Revised Uniform Limited Partnership Act to engage primarily in the speculative trading of futures contracts, options on futures and forward contracts, forward contracts on physical commodities and other commodity interests, including, but not limited to, foreign currencies, financial instruments, metals, energy, and agricultural products (collectively, “Futures Interests”). The Futures Interests that are traded by the Partnership are volatile and involve a high degree of risk. The General Partner (as defined below) may also determine to invest up to all of the Partnership’s assets in United States (“U.S.”) Treasury bills and/or money market mutual funds, including money market mutual funds managed by Morgan Stanley or …5 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Financial statements

Operating income6-$8.7M in 2022+35% since 2021
-$10.0M-$7.5M-$5.0M-$2.5M02021: -$6.5M-$6.5M20212022: -$8.7M-$8.7M2022+35%
Net income783-$3.3M in 2025
-$10.0M0$10.0M$20.0M$30.0M$40.0M2021: $8.1M$8.1M20212022: $35.7M$35.7M2022+341%2023: $288.8K$288.8K2023−99%2024: $8.7M$8.7M2024+2917%2025: -$3.3M-$3.3M2025
Fiscal year20212022202320242025
Operating expenses$6.5M7$8.7M8$5.5M3$6.4M3$4.7M3
Operating income-$6.5M6-$8.7M6
Net income$8.1M7$35.7M8$288.8K3$8.7M3-$3.3M3

Compare Ceres Classic L.P. with another company

What it owns

What Ceres Classic L.P. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Investments

ItemLatestA year beforeChange
Equity securities at fair value$128.8M3 Dec 31, 2025$146.7M3 Dec 31, 2024−12.2%

Leadership

Who has led Ceres Classic L.P., and when. Pick a name to see everywhere that person has worked.

Chair

  1. Walter Davis2006

Chief financial officer

  1. Perry Kevin2006
  2. Lee Horwitz2006
  3. Christian Angstadt2007
2010201520202025
Board members and other officers (3)

Subsidiaries and ownership

Fund manager

Ownership links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); each one cites its LEI record.

Former names

  • MANAGED FUTURES PREMIER GRAHAM L.P.Dec 5, 2012 to Aug 11, 20204
  • MANAGED FUTURES CHARTER GRAHAM L.P.Oct 7, 2010 to Nov 28, 20124
  • MORGAN STANLEY SMITH BARNEY CHARTER GRAHAM LP/Nov 13, 2009 to Sep 21, 20104
  • MORGAN STANLEY CHARTER GRAHAM LP/Dec 27, 2001 to Oct 5, 20094
  • MORGAN STANLEY DEAN WITTER CHARTER GRAHM LPOct 23, 1998 to Nov 30, 20014

Timeline

  1. May 6, 20258-K Executive or director change19
  2. Dec 20, 20238-K Bylaws or fiscal year changed; Other events20
  3. Nov 13, 20238-K Executive or director change21
  4. Nov 21, 20228-K Executive or director change22
  5. Jul 7, 20228-K Executive or director change23
  6. May 11, 20228-K Executive or director change24
  7. Mar 3, 20228-K Executive or director change25
  8. Jul 12, 1998Founded Ceres Classic L.P. is founded2

Filings

27 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 7 major events. The latest 20:

  1. Aug 11, 202610-Q EDGAR
  2. May 12, 202610-Q EDGAR
  3. Mar 20, 202610-K EDGAR
  4. Nov 10, 202510-Q EDGAR
  5. Aug 8, 202510-Q EDGAR
  6. May 9, 202510-Q EDGAR
  7. May 6, 20258-K EDGAR
  8. Mar 20, 202510-K EDGAR
  9. Nov 12, 202410-Q EDGAR
  10. Aug 9, 202410-Q EDGAR
  11. May 9, 202410-Q EDGAR
  12. Mar 22, 202410-K EDGAR
  13. Dec 20, 20238-K EDGAR
  14. Nov 13, 20238-K EDGAR
  15. Nov 9, 202310-Q EDGAR
  16. Aug 10, 202310-Q EDGAR
  17. May 11, 202310-Q EDGAR
  18. Mar 24, 202310-K EDGAR
  19. Nov 21, 20228-K EDGAR
  20. Nov 10, 202210-Q EDGAR

The 27 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

SEC filer profile

How Ceres Classic L.P. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARCeres Classic L.P.1
  • CIK0001066656
  • Employer ID (EIN)13-40180685
  • Filer statusNon-accelerated filer not an emerging growth company; not a smaller reporting company; not a shell company5
  • Incorporated inDelaware5
  • Fiscal year endsDecember 311
  • Industry code (SIC)6221 Commodity Contracts Brokers & Dealers1
  • SEC reviewing officeOffice of Crypto Assets, Division of Corporation Finance1
  • Business addressC/O Ceres Managed Futures Llc, 522 Fifth Avenue, New York, NY 100361
  • Phone855-672-44681
  • Shares outstanding4,272,541 Capital Unit Class A shares; 11,080 Capital Unit Class Z shares as of Feb 28, 20265
  • Public float$127.5M as of Dec 31, 20255
  • AuditorErnst & Young LLP, Boston, MA PCAOB ID 42; no auditor attestation of internal control over financial reporting5
  • On EDGAR sinceJul 29, 19981
  • Filings390 in all: 424B3 (139), 10-Q (83), 8-K (65), 10-K (27), POS AM (17), 3 (13), D/A (13), EFFECT (6)1
    All 17 form types

    S-1/A (6), S-1 (5), CORRESP (4), UPLOAD (4), 10-K/A (3), 8-A12G (2), 10-Q/A (1), 8-K/A (1), D (1)

  • Latest filingsAnnual report (10-K) Mar 20, 2026
    Quarterly report (10-Q) Aug 11, 2026
    Latest 8-K (8-K) May 6, 2025

Risk factors and legal proceedings

The risks Ceres Classic L.P. names in Item 1A of its 10-K filed Mar 20, 2026: 43 risks under these headings, as written.5

  • Risks Relating to the Partnership and the Offering of Units
  • You should not rely on past performance of the General Partner or the Trading Advisors in deciding to purchase Units.
  • The Partnership and the Trading Company incur substantial charges.
  • Incentive fees may be paid by the Partnership even if the Partnership sustains trading losses.
  • Restricted investment liquidity in the Units.
  • The Partnership’s structure has conflicts of interest.
  • Neither the Partnership nor the Trading Company is a registered investment company.
  • Risks Related to Regulation of the Partnership and General Partner
  • The Federal Reserve Board’s regulation of Morgan Stanley could affect the activities of the Partnership and the Trading Company.
  • Assets held in accounts at U.S. banks may not be fully insured.
  • Other federal agencies, including the SEC and the Commodity Futures Trading Commission (“CFTC”), regulate certain activities of the Partnership and General Partner.
  • The General Partner may determine to invest up to all of the Partnership’s and/or the Trading Company’s assets in U.S. Treasury bills and/or money market mutual fund securities.
The other 33 risks
  • Allowing investments by benefit plan investors may result in adverse consequences under ERISA or the Code.
  • Risks Relating to Futures Interests Trading and the Futures Interests Markets
  • Futures Interests trading is speculative and volatile.
  • The Partnership’s and the Trading Company’s Futures Interests trading is highly leveraged such that small changes in the price of the Partnership’s or a Trading Company’s positions may result in substantial losses.
  • Options trading can be more volatile than futures trading, and purchasing and writing options could result in trading losses.
  • Market illiquidity may cause less favorable trade prices.
  • Lack of Investor Protection Regulation
  • Possible Governmental Intervention
  • Relatively New Markets
  • Exchange-Rate Exposure
  • Risks Associated with Affiliates
  • The unregulated nature of uncleared trades in the OTC markets creates counterparty risks that do not exist in futures trading on exchanges or in cleared swaps.
  • Forward foreign currency and spot contracts historically were not regulated when traded between certain “eligible contract participants” and are subject to credit risk.
  • Trading swaps creates distinctive risks.
  • Implementation of legislation is not complete.
  • Changes in regulation of swaps could lead to increased costs.
  • Central clearing parties could fail.
  • Deregistration of the commodity pool operator or a commodity trading advisor could disrupt operations.
  • The Partnership and the Trading Company are subject to speculative position limits.
  • The Partnership and the Trading Company have credit risk to the commodity brokers and the FX counterparties.
  • Risks Relating to the Trading Advisors
  • You should not rely on the past performance of the Trading Advisors in deciding to purchase Units. Since the future performance of a Trading Advisor is unpredictable, each Trading Advisor’s past performance is not necessarily indicative of future results.
  • Reliance on the Trading Advisors to trade successfully.
  • Market factors may adversely influence the trading programs.
  • You will not be aware of changes to the trading programs.
  • Single-advisor funds lack the diversity of multi-advisor funds.
  • Possible consequences of using multiple Trading Advisors.
  • Increasing the assets managed by a Trading Advisor may adversely affect performance.
  • The Partnership’s use of an increased rate of leverage could affect performance.
  • A Trading Advisor may terminate its advisory agreement.
  • Disadvantages of replacing or switching Trading Advisors.
  • Partnership performance may be hindered by increased competition for positions.
  • You will not have access to the Partnership’s positions and must rely on the General Partner to monitor the Trading Advisors.
  • Taxation Risks
  • You may have tax liability attributable to your interest in the Partnership even if you have received no distributions and redeemed no Units and even if the Partnership generated a loss.
  • The Partnership’s tax returns could be audited.
  • You will recognize short-term capital gain.
  • Limitations on deductions for fund expenses.
  • Tax laws are subject to change at any time.
  • Non-U.S. investors may face exchange rate risk and local tax consequences.
  • General Risk Factors
  • The General Partner, the Partnership and its service providers (including the Trading Advisors) and their respective operations are potentially vulnerable to cyber-security attacks or incidents.

Legal proceedings

This section describes the major pending legal proceedings, other than ordinary routine litigation incidental to the business, to which Morgan Stanley & Co. LLC or its subsidiaries is a party or to which any of their property is subject. There are no material legal proceedings pending against the Partnership or the General Partner.

On June 1, 2011, Morgan Stanley & Co. Incorporated converted from a Delaware corporation to a Delaware limited liability company. As a result of that conversion, Morgan Stanley & Co. Incorporated is now named Morgan Stanley & Co. LLC (“MS&Co.” or “the Company”).

The Company is a wholly-owned, indirect subsidiary of Morgan Stanley, a Delaware holding company. Morgan Stanley files periodic reports with the SEC as required by the Securities Exchange Act of 1934, as amended (the “Exchange Act”) which include current descriptions of material litigation and material proceedings and investigations, if any, by governmental and/or regulatory agencies or self-regulatory organizations concerning Morgan Stanley and its subsidiaries, including the Company. As a consolidated subsidiary of Morgan Stanley, the Company does not file its own periodic reports with the SEC that contain descriptions of material litigation, proceedings and investigations. As a result, we refer you to the “Legal Proceedings” section of Morgan Stanley’s SEC 10-K filings for 2024, 2023, 2022, 2021, and 2020. In addition, the Company annually prepares an Audited, Consolidated Statement of Financial Condition (“Audited Financial Statement”) that is publicly available on Morgan Stanley’s website at www.morganstanley.com. We refer you to the Commitments, Guarantees and Contingencies – Legal section of the Company’s 2024 Audited Financial Statement.

The opening of Item 3, Legal Proceedings.5

Sources

The numbers on this page point here. Each one links to the record it came from.

  1. 1
  2. 2
  3. 3
  4. 4
  5. 5
  6. 6
  7. 7
  8. 8
  9. 9
  10. 10
  11. 11
  12. 12
  13. 13
  14. 14
  15. 15
  16. 16
  17. 17
  18. 18
  19. 19
  20. 20
  21. 21
  22. 22
  23. 23
  24. 24
  25. 25