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Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Gain (loss) on trading of commodity futures and swap contracts:        
Realized gain (loss) on closed commodity futures contracts $ 17,869,890 $ 10,130,720 $ 35,375,630 $ 137,561,190
Realized gain (loss) on OTC commodity swap contracts (440,907) (586,360) (1,509,676) 44,700,874
Change in unrealized gain (loss) on open commodity futures contracts (83,354,850) (3,237,640) (73,572,610) 50,188,240
Change in unrealized gain (loss) on open OTC commodity swap contracts (14,935,089) (136) (8,917,320) (318)
Dividend income 4,334,615 4,210,364 10,568,319 8,435,797
Interest income 5,597,929 12,029,211 9,441,051 24,721,518
ETF transaction fees 100,000 100,000 191,000 208,000
Total Income (Loss) (70,828,412) 22,646,159 (28,423,606) 265,815,301
Expenses        
General Partner management fees (Note 3) 1,115,410 1,490,738 2,242,447 3,074,191
Professional fees 505,621 727,464 1,019,297 1,454,928
Brokerage commissions 435,102 347,096 781,386 741,142
Directors' fees and insurance 39,759 102,877 117,463 219,104
License fees 37,180 49,692 74,748 102,473
Total Expenses 2,133,072 2,717,867 4,235,341 5,591,838
Net Income (Loss) $ (72,961,484) [1] $ 19,928,292 [1] $ (32,658,947) $ 260,223,463
Net Income (Loss) per limited partner share $ (4.1) $ 0.7 $ (2.2) $ 12.72
Net Income (Loss) per weighted average limited partner share $ (5.12) $ 1.16 $ (2.37) $ 14.13
Weighted average limited partner shares outstanding 14,258,047 17,166,460 13,757,857 18,421,955
[1] General Partners’ shares outstanding and capital for the periods presented were zero.