CERES ORION L.P.

Overview

• IndustryCommodity Contracts Brokers & Dealers²
• HeadquartersNew York, United States²
• Incorporated inNY⁴
• Business addressC/O Ceres Managed Futures Llc, 1585 Broadway, New York, Ny 10036⁴
• Filer categoryNon-accelerated filer⁴
• Legal formLimited Partnership²
• Kind of organizationInvestment fund²
• LEI549300MW239U4RR5IM76²
• StatusActive²
• LEI statusIssued and current²
• Registered addressC/O C T CORPORATION SYSTEM, 10005 New York, United States²
• Registered withCorporation and Business Entity Database (Division of Corporations, State Records and UCC, Department of State), 2358626²

See how the biggest companies compare on our leaderboards

(a) General development of business . Ceres Orion L.P. (the “Partnership”) is a limited partnership organized on March 22, 1999, under the partnership laws of the State of New York, to engage, directly or indirectly, in the speculative trading of a diversified portfolio of commodity interests, including futures, option, swap and forward contracts. The sectors traded include currencies, energy, grains, livestock, indices, United States (“U.S.”) and non-U.S. interest rates, softs and metals. The commodity interests that are traded by the Partnership, directly and indirectly through its investment in the Funds (as defined below), are volatile and involve a high degree of market risk. The Partnership commenced trading on June 10, 1999. The Partnership privately and continuously offers redeemable units of limited partnership interest (“Redeemable Units”) to qualified investors. There is no ma…⁵ From its latest annual report

Corporate structure

CERES ORION L.P. is part of a group headed by Morgan Stanley. 1,522 entities, 24 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; subsidiaries, stakes and holdings from Wikidata (CC0); owners and owned firms from Form ADV, the registration investment advisers file with the SEC. Each entity in the chart links to its source.

Leadership

Named in SEC Form D filings

People the company listed in its private-offering notices.

• Chief Compliance Officer of the General PartnerBenjamin T. Hammes named Aug 19, 2026¹²
• Chief Financial Officer of the General PartnerBrooke T. Lambert named Aug 19, 2026¹²
• President and Chairman of the Board of Directors of the General PartnerPatrick T. Egan named Aug 19, 2026¹²
• Director of the General PartnerTatiana T. Segal named Aug 19, 2026¹²
• Director of the General PartnerVictoria T. Eckstein named Aug 19, 2026¹²

Subsidiaries and ownership

Parent company (GLEIF)

• CERES MANAGED FUTURES LLC²

Ultimate parent

• Morgan Stanley²

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

Former names

• ORION FUTURES FUND LPSep 30, 2009 to Mar 5, 2018⁴
• CITIGROUP ORION FUTURES FUND LPSep 2, 2008 to Sep 3, 2009⁴
• SHLOMON SMITH BARNEY ORION FUTURES FUND LPMay 1, 2003 to May 1, 2003⁴
• SALOMON SMITH BARNEY ORION FUTURES FUND LPApr 1, 1999 to Aug 14, 2008⁴

Timeline

1. Feb 3, 20268-K Unregistered sale of shares¹³
2. May 2, 20258-K Executive or director change¹⁴
3. Jan 7, 20258-K Ended a material agreement¹⁵
4. Jul 9, 20248-K Entered a material agreement¹⁶
5. Dec 18, 20238-K Bylaws or fiscal year changed; Other events¹⁷
6. Nov 13, 20238-K Executive or director change¹⁸
7. Jan 5, 20238-K Unregistered sale of shares¹⁹
8. Nov 21, 20228-K Executive or director change²⁰
9. Nov 2, 20228-K Ended a material agreement²¹
10. Jul 7, 20228-K Executive or director change²²
11. May 11, 20228-K Executive or director change²³
12. May 5, 20228-K Entered a material agreement²⁴
13. Mar 22, 1999Parent Directly consolidated by CERES MANAGED FUTURES LLC²
14. Mar 22, 1999Founded CERES ORION L.P. is founded²

Filings

42 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 16 major events, 6 private raises. The latest 20:

1. Aug 19, 2026D/A EDGAR
2. Aug 11, 202610-Q EDGAR
3. May 12, 202610-Q EDGAR
4. Mar 20, 202610-K EDGAR
5. Feb 3, 20268-K EDGAR
6. Nov 10, 202510-Q EDGAR
7. Aug 8, 202510-Q EDGAR
8. Aug 8, 2025D/A EDGAR
9. May 9, 202510-Q EDGAR
10. May 2, 20258-K FORM 8K EDGAR
11. Mar 20, 202510-K EDGAR
12. Jan 7, 20258-K FORM 8K EDGAR
13. Nov 21, 2024D/A EDGAR
14. Nov 12, 202410-Q EDGAR
15. Aug 9, 202410-Q EDGAR
16. Jul 9, 20248-K EDGAR
17. May 9, 202410-Q EDGAR
18. Mar 22, 202410-K EDGAR
19. Dec 18, 20238-K FORM 8K EDGAR
20. Nov 21, 2023D/A EDGAR

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

Money raised

Private offerings the company reported to the SEC on Form D.

1. Jun 10, 1999Raised $2.7 billion in a private offering of equity Form D: 31,127 investors so far Form D

SEC filer profile

How CERES ORION 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 ORION L.P.¹
• CIK0001227265
• Employer ID (EIN)22-3644546⁵
• Filer statusNon-accelerated filer not an emerging growth company; not a smaller reporting company; not a shell company⁵
• Incorporated inNew York⁵
• 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, 1585 Broadway, New York, NY 10036¹
• Phone855-672-4468¹
• Shares outstanding67,166 Capital Unit Class A shares; 1,880 Capital Unit Class Z shares as of Feb 28, 2026⁵
• Public float$229.6M as of Jun 30, 2025⁵
• AuditorErnst & Young LLP, Boston, MA PCAOB ID 42; no auditor attestation of internal control over financial reporting⁵
• On EDGAR sinceApr 1, 1999¹
• Filings335 in all: 8-K (187), 10-Q (70), D/A (26), 10-K (23), UPLOAD (8), CORRESP (6), 10-12G/A (5), 10-K/A (2)¹
  All 13 form types

  10-Q/A (2), 8-K/A (2), REGDEX (2), 10-12G (1), NT 10-Q (1)

• Latest filingsAnnual report (10-K) Mar 20, 2026
  Quarterly report (10-Q) Aug 11, 2026
  Latest 8-K (8-K) Feb 3, 2026

Risk factors and legal proceedings

The risks CERES ORION L.P. names in Item 1A of its 10-K filed Mar 20, 2026: 12 risks under these headings, as written.⁵

• Risks Relating to our Business
• As a result of leverage, small changes in the price of the Partnership’s positions may result in major losses.
• An investor may lose all of their investment.
• The Partnership will pay substantial fees and expenses regardless of profitability.
• An investor’s ability to redeem or transfer Redeemable Units is limited.
• Conflicts of interest exist.
• Investing in Redeemable Units may not provide the desired diversification of an investor’s overall portfolio.
• Past performance is no assurance of future results.
• An investor’s tax liability may exceed cash distributions.
• The General Partner may allocate the Partnership’s assets to undisclosed advisors.
• Regulatory changes could restrict the Partnership’s operations and increase its operational costs.
• Speculative position and trading limits may reduce profitability.

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