SUPERFUND GREEN, L.P. - FORM 10-Q

SUPERFUND GREEN, L.P. - FORM 10-Q - August 5, 2016

Attached files

Attached files

SUPERFUND GREEN, L.P. Reports

file	filename
EX-32.2 - EX-32.2 - SUPERFUND GREEN, L.P.	d164171dex322.htm
EX-32.1 - EX-32.1 - SUPERFUND GREEN, L.P.	d164171dex321.htm
EX-31.2 - EX-31.2 - SUPERFUND GREEN, L.P.	d164171dex312.htm
EX-31.1 - EX-31.1 - SUPERFUND GREEN, L.P.	d164171dex311.htm

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 10-Q

(Mark One)

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

For the quarterly period ended June 30, 2016

¨	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 x 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 x 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.

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

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 June 30, 2016 (unaudited) and December 31, 2015		3

Unaudited Condensed Schedule of Investments as of June 30, 2016		4

Condensed Schedule of Investments as of December 31, 2015		5

Unaudited Statements of Operations for the Three and Six Months Ended June 30, 2016 and June 30, 2015		6

Unaudited Statements of Changes in Net Assets for the Six Months Ended June 30, 2016 and June 30, 2015		7

Unaudited Statements of Cash Flows for the Six Months Ended June 30, 2016 and June 30, 2015		8

Financial Statements: Superfund Green, L.P. – Series A
Statements of Assets and Liabilities as of June 30, 2016 (unaudited) and December 31, 2015		9

Unaudited Condensed Schedule of Investments as of June 30, 2016		10

Condensed Schedule of Investments as of December 31, 2015		11

Unaudited Statements of Operations for the Three and Six Months Ended June 30, 2016 and June 30, 2015		12

Unaudited Statements of Changes in Net Assets for the Six Months Ended June 30, 2016 and June 30, 2015		13

Unaudited Statements of Cash Flows for the Six Months Ended June 30, 2016 and June 30, 2015		14

Financial Statements: Superfund Green, L.P. – Series B
Statements of Assets and Liabilities as of June 30, 2016 (unaudited) and December 31, 2015		15

Unaudited Condensed Schedule of Investments as of June 30, 2016		16

Condensed Schedule of Investments as of December 31, 2015		17

Unaudited Statements of Operations for the Three and Six Months Ended June 30, 2016 and June 30, 2015		18

Unaudited Statements of Changes in Net Assets for the Six Months Ended June 30, 2016 and June 30, 2015		19

Unaudited Statements of Cash Flows for the Six Months Ended June 30, 2016 and June 30, 2015		20

Notes to Unaudited Financial Statements		21-40

SUPERFUND GREEN, L.P.

STATEMENTS OF ASSETS AND LIABILITIES

as of June 30, 2016 and December 31, 2015


	June 30, 2016 (unaudited)		December 31, 2015
ASSETS
Due from brokers	$	4,044,057	$	6,518,057
Unrealized gain on futures contracts purchased		817,161		492,943
Unrealized gain on futures contracts sold		125,870		763,283
Cash		9,102,957		9,619,391

Total assets		14,090,045		17,393,674

LIABILITIES
Unrealized loss on futures contracts purchased		91,978		409,599
Unrealized loss on futures contracts sold		401,367		676,201
Redemptions payable		259,682		331,265
Management fees payable		21,018		25,212
Fees payable		10,452		10,657

Total liabilities		784,497		1,452,934

NET ASSETS	$	13,305,548	$	15,940,740

See accompanying notes to financial statements.

SUPERFUND GREEN, L.P.

UNAUDITED CONDENSED SCHEDULE OF INVESTMENTS

as of June 30, 2016


	Percentage of Net Assets			Fair Value
Futures contracts purchased
Currency		(0.0	)**%	$	(4,355	)
Financial		2.2	*		296,733
Food & Fiber		0.9			118,825
Indices		0.6			73,292
Livestock		(0.1	)		(11,630	)
Metals		1.9	*		252,318

Total futures contracts purchased		5.5			725,183

Futures contracts sold
Currency		(0.3	)		(46,394	)
Energy		(0.2	)		(32,358	)
Financial		(0.3	)		(35,918	)
Food & Fiber		0.2			25,599
Indices		(0.5	)		(62,995	)
Livestock		0.0	**		6,420
Metals		(1.0	)*		(129,851	)

Total futures contracts sold		(2.1	)		(275,497	)

Total futures contracts, at fair value		3.4	%	$	449,686

Futures contracts by country composition
Australia		0.1	%	$	10,814
Canada		0.3			40,056
European Monetary Union		0.0	**		277
Great Britain		0.3			41,085
Japan		0.3			36,899
United States		1.8			237,923
Other		0.6			84,632

Total futures contracts by country composition		3.4	%	$	449,686

*	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.

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.

SUPERFUND GREEN, L.P.

UNAUDITED STATEMENTS OF OPERATIONS


	Three Months Ended June 30,						Six Months Ended June 30,
	2016			2015			2016			2015
Investment Income
Interest income	$	1,410		$	341		$	2,727		$	775
Other income		—			—			—			—

Total investment income		1,410			341			2,727			775

Expenses
Selling commission		138,382			189,963			296,530			404,960
Brokerage commissions		70,641			66,761			137,286			136,419
Management fee		64,002			87,858			137,146			187,294
Operating expenses		5,189			7,123			11,120			15,187
Other		8,180			11,680			17,090			19,667

Total expenses		286,394			363,385			599,172			763,527

Net investment loss	$	(284,984	)	$	(363,044	)	$	(596,445	)	$	(762,752	)

Realized and unrealized gain (loss) on investments
Net change in realized gain (loss) on futures and forward contracts	$	(1,182,093	)	$	(1,065,535	)	$	(1,290,081	)	$	644,112
Net change in unrealized appreciation (depreciation) on futures and forward contracts		247,066			(858,392	)		279,260			(832,116	)

Net loss on investments	$	(935,027	)	$	(1,923,927	)	$	(1,010,821	)	$	(188,004	)

Net decrease in net assets from operations	$	(1,220,011	)	$	(2,286,971	)	$	(1,607,266	)	$	(950,756	)

See accompanying notes to financial statements.

SUPERFUND GREEN, L.P.

UNAUDITED STATEMENTS OF CHANGES IN NET ASSETS


	Six Months Ended June 30,
	2016			2015
Increase (decrease) in net assets from operations
Net investment loss	$	(596,445	)	$	(762,752	)
Net realized gain (loss) on futures and forward contracts		(1,290,081	)		644,112
Net change in unrealized appreciation (depreciation) on futures and forward contracts		279,260			(832,116	)

Net decrease in net assets from operations		(1,607,266	)		(950,756	)
Capital share transactions
Issuance of Units		242,356			324,057
Redemption of Units		(1,270,282	)		(2,476,447	)

Net decrease in net assets from capital share transactions		(1,027,926	)		(2,152,390	)

Net decrease in net assets		(2,635,192	)		(3,103,146	)
Net assets, beginning of period		15,940,740			20,602,511

Net assets, end of period	$	13,305,548		$	17,499,365

See accompanying notes to financial statements.

SUPERFUND GREEN, L.P.

UNAUDITED STATEMENTS OF CASH FLOWS


	Six Months Ended June 30,
	2016			2015
Cash flows from operating activities
Net decrease in net assets from operations	$	(1,607,266	)	$	(950,756	)
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		2,474,000			1,734,222
(Increase) decrease in futures contracts purchased		(641,839	)		458,144
Increase in futures contracts sold		362,579			373,974
Decrease in management fees payable		(4,194	)		(6,107	)
Decrease in fees payable		(205	)		(6,249	)

Net cash provided by operating activities		583,075			1,603,228

Cash flows from financing activities
Subscriptions, net of change in advanced subscriptions		242,356			324,057
Redemptions, net of change in redemptions payable		(1,341,865	)		(3,314,449	)

Net cash used in financing activities		(1,099,509	)		(2,990,392	)

Net increase (decrease) in cash		(516,434	)		(1,387,164	)
Cash, beginning of period		9,619,391			12,702,894

Cash, end of period	$	9,102,957		$	11,315,730

See accompanying notes to financial statements.

SUPERFUND GREEN, L.P. – SERIES A

STATEMENTS OF ASSETS AND LIABILITIES

as of June 30, 2016 and December 31, 2015


	June 30, 2016 (unaudited)		December 31, 2015
ASSETS
Due from brokers	$	1,626,471	$	2,645,491
Unrealized gain on futures contracts purchased		313,444		200,964
Unrealized gain on futures contracts sold		51,533		297,768
Cash		4,902,488		5,412,560

Total assets		6,893,936		8,556,783

LIABILITIES
Unrealized loss on futures contracts purchased		36,429		166,748
Unrealized loss on futures contracts sold		164,251		271,057
Redemptions payable		227,267		231,618
Management fees payable		10,345		12,549
Fees payable		6,198		7,302

Total liabilities		444,490		689,274

NET ASSETS	$	6,449,446	$	7,867,509

Number of Units outstanding		5,854.639		6,436.862

Net Asset Value per Unit	$	1,101.60	$	1,222.26

See accompanying notes to financial statements.

SUPERFUND GREEN, L.P. – SERIES A

UNAUDITED CONDENSED SCHEDULE OF INVESTMENTS

as of June 30, 2016


	Percentage of Net Assets			Fair Value
Futures contracts purchased
Currency		(0.0	)**%	$	(2,660	)
Financial		1.7	*		108,130
Food & Fiber		0.7			43,688
Indices		0.5			35,773
Livestock		(0.1	)		(5,090	)
Metals		1.4	*		97,174

Total futures contracts purchased		4.2			277,015

Futures contracts sold
Currency		(0.3	)		(19,053	)
Energy		(0.2	)		(12,621	)
Financial		(0.3	)		(19,663	)
Food & Fiber		0.2			10,849
Indices		(0.4	)		(23,635	)
Livestock		0.1			4,640
Metals		(0.8	)		(53,235	)

Total futures contracts sold		(1.7	)		(112,718	)

Total futures contracts, at fair value		2.5	%	$	164,297

Futures contracts by country composition
Australia		0.0	**%	$	2,588
Canada		0.2			15,966
European Monetary Union		0.0	**		1,810
Great Britain		0.3			16,619
Japan		0.3			18,808
United States		1.3			80,777
Other		0.4			27,729

Total futures contracts by country composition		2.5	%	$	164,297

*	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.

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.

SUPERFUND GREEN, L.P. – SERIES A

UNAUDITED STATEMENTS OF OPERATIONS


	Three Months Ended June 30,						Six Months Ended June 30,
	2016			2015			2016			2015
Investment Income
Interest income	$	618		$	116		$	1,159		$	278
Other income		—			—			—			—

Total investment income		618			116			1,159			278

Expenses
Selling commission		68,618			92,177			145,839			193,944
Brokerage commissions		27,893			24,897			54,016			48,034
Management fee		31,736			42,632			67,451			89,699
Operating expenses		2,573			3,456			5,469			7,273
Other		3,835			4,767			8,019			7,842

Total expenses		134,655			167,929			280,794			346,792

Net investment loss	$	(134,037	)	$	(167,813	)	$	(279,635	)	$	(346,514	)

Realized and unrealized gain (loss) on investments
Net change in realized gain (loss) on futures and forward contracts	$	(480,902	)	$	(405,641	)	$	(582,059	)	$	181,354
Net change in unrealized appreciation (depreciation) on futures and forward contracts		100,809			(299,527	)		103,371			(292,895	)

Net loss on investments	$	(380,093	)	$	(705,168	)	$	(478,688	)	$	(111,541	)

Net decrease in net assets from operations	$	(514,130	)	$	(872,981	)	$	(758,323	)	$	(458,055	)

Net decrease in net assets from operations per Unit (based upon weighted average number of units outstanding during period)*	$	(84.48	)	$	(125.44	)	$	(122.41	)	$	(62.62	)

Net decrease in net assets from operations per Unit (based upon change in net asset value per unit during period)*	$	(82.03	)	$	(121.49	)	$	(120.66	)	$	(67.59	)

*	Weighted average number of Units outstanding for Series A for the Three Months Ended June 30, 2016 and June 30, 2015: 6,085.69 and 6,959.45, respectively; and for the Six Months Ended June 30, 2016 and June 30, 2015: 6,195.17 and 7,314.38, respectively.

See accompanying notes to financial statements.

SUPERFUND GREEN, L.P. – SERIES A

UNAUDITED STATEMENTS OF CHANGES IN NET ASSETS


	Six Months Ended June 30,
	2016			2015
Increase (decrease) in net assets from operations
Net investment loss	$	(279,635	)	$	(346,514	)
Net realized gain (loss) on futures and forward contracts		(582,059	)		181,354
Net change in unrealized appreciation (depreciation) on futures and forward contracts		103,371			(292,895	)

Net decrease in net assets from operations		(758,323	)		(458,055	)
Capital share transactions
Issuance of Units		110,930			144,908
Redemption of Units		(770,670	)		(1,051,806	)

Net decrease in net assets from capital share transactions		(659,740	)		(906,898	)

Net decrease in net assets		(1,418,063	)		(1,364,953	)
Net assets, beginning of period		7,867,509			9,901,436

Net assets, end of period	$	6,449,446		$	8,536,483

Units, beginning of period		6,436.862			7,713.806
Issuance of Units		94.249			110.362
Redemption of Units		(676.472	)		(804.095	)

Units, end of period		5,854.639			7,020.073

See accompanying notes to financial statements.

SUPERFUND GREEN, L.P. – SERIES A

UNAUDITED STATEMENTS OF CASH FLOWS


	Six Months Ended June,
	2016			2015
Cash flows from operating activities
Net decrease in net assets from operations	$	(758,323	)	$	(458,055	)
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		1,019,020			750,376
(Increase) decrease in futures contracts purchased		(242,799	)		152,826
Increase in futures contracts sold		139,429			140,070
Decrease in management fees payable		(2,204	)		(2,822	)
Decrease in fees payable		(1,104	)		(2,589	)

Net cash provided by operating activities		154,019			579,806

Cash flows from financing activities
Subscriptions, net of change in advanced subscriptions		110,930			144,908
Redemptions, net of change in redemptions payable		(775,021	)		(1,508,121	)

Net cash used in financing activities		(664,091	)		(1,363,213	)

Net increase (decrease) in cash		(510,072	)		(783,407	)
Cash, beginning of period		5,412,560			7,217,637

Cash, end of period	$	4,902,488		$	6,434,230

See accompanying notes to financial statements.

SUPERFUND GREEN, L.P. – SERIES B

STATEMENTS OF ASSETS AND LIABILITIES

as of June 30, 2016 and December 31, 2015


	June 30, 2016 (unaudited)		December 31, 2015
ASSETS
Due from brokers	$	2,417,586	$	3,872,566
Unrealized gain on futures contracts purchased		503,717		291,979
Unrealized gain on futures contracts sold		74,337		465,515
Cash		4,200,469		4,206,831

Total assets		7,196,109		8,836,891

LIABILITIES
Unrealized loss on futures contracts purchased		55,549		242,851
Unrealized loss on futures contracts sold		237,116		405,144
Redemptions payable		32,415		99,647
Management fees payable		10,673		12,663
Fees payable		4,254		3,355

Total liabilities		340,007		763,660

NET ASSETS	$	6,856,102	$	8,073,231

Number of Units outstanding		5,522.343		5,799.188

Net Asset Value per Unit	$	1,241.52	$	1,392.13

See accompanying notes to financial statements.

SUPERFUND GREEN, L.P. – SERIES B

UNAUDITED CONDENSED SCHEDULE OF INVESTMENTS

as of June 30, 2016


	Percentage of Net Assets			Fair Value
Futures contracts purchased
Currency		(0.0	)**%	$	(1,695	)
Financial		2.8	*		188,603
Food & Fiber		1.1	*		75,137
Indices		0.5			37,519
Livestock		(0.1	)		(6,540	)
Metals
CMX Gold expiring August, 2016		1.3			87,990
Other		1.0	*		67,154

Total Metals		2.3			155,144

Total futures contracts purchased		6.6			448,168

Futures contracts sold
Currency		(0.4	)		(27,341	)
Energy		(0.3	)		(19,737	)
Financial		(0.2	)		(16,255	)
Food & Fiber		0.2			14,750
Indices		(0.6	)		(39,360	)
Livestock		0.0	**		1,780
Metals		(1.1	)*		(76,616	)

Total futures contracts sold		(2.4	)		(162,779	)

Total futures contracts, at fair value		4.2	%	$	285,389

Futures contracts by country composition
Australia		0.1	%	$	8,226
Canada		0.4			24,090
European Monetary Union		(0.0	)**		(1,533	)
Great Britain		0.3			24,466
Japan		0.3			18,091
United States		2.3			157,146
Other		0.8			54,903

Total futures contracts by country composition		4.2	%	$	285,389

*	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.

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.

SUPERFUND GREEN, L.P. – SERIES B

UNAUDITED STATEMENTS OF OPERATIONS


	Three Months Ended June 30,						Six Months Ended June 30,
	2016			2015			2016			2015
Investment Income
Interest income	$	792		$	225		$	1,568		$	497
Other income		—			—			—			—

Total investment income		792			225			1,568			497

Expenses
Selling commission		69,764			97,786			150,691			211,016
Brokerage commissions		42,748			41,864			83,270			88,385
Management fee		32,266			45,226			69,695			97,595
Operating expenses		2,616			3,667			5,651			7,914
Other		4,345			6,913			9,071			11,825

Total expenses		151,739			195,456			318,378			416,735

Net investment loss	$	(150,947	)	$	(195,231	)	$	(316,810	)	$	(416,238	)

Realized and unrealized gain (loss) on investments
Net change in realized gain (loss) on futures and forward contracts	$	(701,191	)	$	(659,894	)	$	(708,022	)	$	462,758
Net change in unrealized appreciation (depreciation) on futures and forward contracts		146,257			(558,865	)		175,889			(539,221	)

Net loss on investments	$	(554,934	)	$	(1,218,759	)	$	(532,133	)	$	(76,463	)

Net decrease in net assets from operations	$	(705,881	)	$	(1,413,990	)	$	(848,943	)	$	(492,701	)

Net decrease in net assets from operations per Unit (based upon weighted average number of units outstanding during period)*	$	(126.09	)	$	(221.71	)	$	(150.44	)	$	(72.84	)

Net decrease in net assets from operations per Unit (based upon change in net asset value per unit during period)*	$	(125.48	)	$	(214.39	)	$	(150.61	)	$	(87.50	)

*	Weighted average number of Units outstanding for Series B for the Three Months Ended June 30, 2016 and June 30, 2015: 5,598.12 and 6,377.60, respectively; and for the Six Months Ended June 30, 2016 and June 30, 2015: 5,643.17 and 6,764.54, respectively.

See accompanying notes to financial statements.

SUPERFUND GREEN, L.P. – SERIES B

UNAUDITED STATEMENTS OF CHANGES IN NET ASSETS


	Six Months Ended June 30,
	2016			2015
Increase (decrease) in net assets from operations
Net investment loss	$	(316,810	)	$	(416,238	)
Net realized gain (loss) on futures and forward contracts		(708,022	)		462,758
Net change in unrealized appreciation (depreciation) on futures and forward contracts		175,889			(539,221	)

Net decrease in net assets from operations		(848,943	)		(492,701	)
Capital share transactions
Issuance of Units		131,426			179,149
Redemption of Units		(499,612	)		(1,424,641	)

Net decrease in net assets from capital share transactions		(368,186	)		(1,245,492	)

Net decrease in net assets		(1,217,129	)		(1,738,193	)
Net assets, beginning of period		8,073,231			10,701,075

Net assets, end of period	$	6,856,102		$	8,962,882

Units, beginning of period		5,799.188			7,316.097
Issuance of Units		97.598			116.464
Redemption of Units		(374.443	)		(914.946	)

Units, end of period		5,522.343			6,517.615

See accompanying notes to financial statements.

SUPERFUND GREEN, L.P. – SERIES B

UNAUDITED STATEMENTS OF CASH FLOWS


	Six Months Ended June,
	2016			2015
Cash flows from operating activities
Net decrease in net assets from operations	$	(848,943	)	$	(492,701	)
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		1,454,980			983,846
(Increase) decrease in futures contracts purchased		(399,040	)		305,318
Increase in futures contracts sold		223,150			233,904
Decrease in management fees payable		(1,990	)		(3,285	)
Decrease in fees payable		899			(3,660	)

Net cash provided by operating activities		429,056			1,023,422

Cash flows from financing activities
Subscriptions, net of change in advanced subscriptions		131,426			179,149
Redemptions, net of change in redemptions payable		(566,844	)		(1,806,328	)

Net cash used in financing activities		(435,418	)		(1,627,179	)

Net increase (decrease) in cash		(6,362	)		(603,757	)
Cash, beginning of period		4,206,831			5,485,257

Cash, end of period	$	4,200,469		$	4,881,500

See accompanying notes to financial statements.

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

NOTES TO UNAUDITED FINANCIAL STATEMENTS

June 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.

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 June 30, 2016, the Fund had on deposit $1,022,406 at ADM Investor Services, Inc. and $3,021,651 at Merrill Lynch, Pierce, Fenner & Smith. As of June 30, 2016, Series A had on deposit $420,192 at ADM Investor Services, Inc. and $1,206,279 at Merrill Lynch, Pierce, Fenner & Smith. As of June 30, 2016, Series B had on deposit $602,214 at ADM Investor Services, Inc. and $1,815,372 at Merrill Lynch, Pierce, Fenner & Smith.

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 Issued 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.

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. There were no forward or spot foreign currency contracts held by the Fund at June 30, 2016 or December 31, 2015 or during the periods then ended.

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 June 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 June 30, 2016 and December 31, 2015:

Superfund Green, L.P.


	Balance June 30, 2016		Level 1		Level 2		Level 3
ASSETS
Futures contracts sold	$	125,870	$	125,870	$	—	$	—
Futures contracts purchased		817,161		817,161		—		—

Total Assets Measured at Fair Value	$	943,031	$	943,031	$	—	$	—

LIABILITIES
Futures contracts sold	$	401,367	$	401,367	$	—	$	—
Futures contracts purchased		91,978		91,978		—		—

Total Liabilities Measured at Fair Value	$	493,345	$	493,345	$	—	$	—


	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 June 30, 2016		Level 1		Level 2		Level 3
ASSETS
Futures contracts sold	$	51,533	$	51,533	$	—	$	—
Futures contracts purchased		313,444		313,444		—		—

Total Assets Measured at Fair Value	$	364,977	$	364,977	$	—	$	—

LIABILITIES
Futures contracts sold	$	164,251	$	164,251	$	—	$	—
Futures contracts purchased		36,429		36,429		—		—

Total Liabilities Measured at Fair Value	$	200,680	$	200,680	$	—	$	—


	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 June 30, 2016		Level 1		Level 2		Level 3
ASSETS
Futures contracts sold	$	74,337	$	74,337	$	—	$	—
Futures contracts purchased		503,717		503,717		—		—

Total Assets Measured at Fair Value	$	578,054	$	578,054	$	—	$	—

LIABILITIES
Futures contracts sold	$	237,116	$	237,116	$	—	$	—
Futures contracts purchased		55,549		55,549		—		—

Total Liabilities Measured at Fair Value	$	292,665	$	292,665	$	—	$	—


	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.

The Fund engages in the speculative trading of 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 commodity futures contracts are recorded in the statements of assets and liabilities as unrealized appreciation or depreciation on 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 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 June 30, 2016, is as follows:


Type of Instrument	Statement of Assets and Liabilities Location	Asset Derivatives at June 30, 2016		Liability Derivatives at June 30, 2016			Net
Futures contracts	Futures contracts purchased	$	817,161	$	(91,978	)	$	725,183
Futures contracts	Futures contracts sold		125,870		(401,367	)		(275,497	)

Totals		$	943,031	$	(493,345	)	$	449,686

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 June 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	$	101,559	$	—	$	—	$	101,559
Merrill Lynch		348,127		—		—		348,127

Totals	$	449,686	$	—	$	—	$	449,686

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 June 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 on Derivatives in Statement of Operations
Foreign exchange contracts	Net realized/unrealized loss on futures and forward contracts	$	(7,409	)	$	—
Futures contracts	Net realized/unrealized gain (loss) on futures and forward contracts		(1,174,684	)		247,066

Total		$	(1,182,093	)	$	247,066

Effects of derivative instruments on the statement of operations for the six months ended June 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 on Derivatives In Statement of Operations
Foreign exchange contracts	Net realized/unrealized gain on futures and forward contracts	$	12,138		$	—
Futures contracts	Net realized/unrealized gain (loss) on futures and forward contracts		(1,302,219	)		279,260

Total		$	(1,290,081	)	$	279,260

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


Derivatives not Designated as Hedging Instruments under ASC 815	Location of Loss on Derivatives in Statement of Operations	Net Realized Loss on Derivatives in Statement of Operations			Net Change in Unrealized Depreciation on Derivatives in Statement of Operations
Foreign exchange contracts	Net realized/unrealized loss on futures and forward contracts	$	(3,310	)	$	—
Futures contracts	Net realized/unrealized loss on futures and forward contracts		(1,062,225	)		(858,392	)

Total		$	(1,065,535	)	$	(858,392	)

Effects of derivative instruments on the statement of operations for the six months ended June 30, 2015:


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 Depreciation on Derivatives in Statement of Operations
Foreign exchange contracts	Net realized/unrealized gain on futures and forward contracts	$	44,773	$	—
Futures contracts	Net realized/unrealized gain (loss) on futures and forward contracts		599,339		(832,116	)

Total		$	644,112	$	(832,116	)

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


	As June 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
Currency	$	15,665		0.1	$	(20,020	)		(0.2	)	$	27,850		0.2		$	(74,244	)		(0.6	)	$	(50,749	)
Financial		297,391		2.2		(658	)		(0.0	)*		—		—			(35,918	)		(0.3	)		260,815
Food & Fiber		154,168		1.2		(35,343	)		(0.3	)		37,564		0.3			(11,965	)		(0.1	)		144,424
Indices		94,703		0.7		(21,411	)		(0.2	)		33,492		0.3			(96,487	)		(0.7	)		10,297
Metals		255,234		1.9		(2,916	)		(0.0	)*		1,618		0.0	*		(131,469	)		(1.0	)		122,467
Livestock		—		—		(5,090	)		(0.0	)*		15,791		0.1			(30,888	)		(0.2	)		(20,187	)
Energy		—		—		(6,540	)		(0.0	)*		9,555		0.1			(20,396	)		(0.2	)		(17,381	)

Totals	$	817,161		6.1	$	(91,978	)		(0.7	)	$	125,870		1.0		$	(401,367	)		(3.1	)	$	449,686

*	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 June 30, 2016, the monthly average futures contracts bought was 2,408 and the monthly average futures contracts sold was 1,865. For the six months ended June 30, 2016, the monthly average futures contracts bought was 2,000 and the monthly average futures contracts sold was 2,113. For the three months ended June 30, 2015, the monthly average futures contracts bought was 2,380 and the monthly average futures contracts sold was 1,808. For the six months ended June 30, 2015, the monthly average futures contracts bought was 2,924 and the monthly average futures contracts sold was 1,332.

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


	For the Three Months Ended June 30, 2016
	Net Realized Gains (Losses)			Change in Net Unrealized Gains (Losses)			Net Trading Gains (Losses)
Foreign Exchange	$	(7,409	)	$	—		$	(7,409	)
Currency		(283,350	)		(71,904	)		(355,254	)
Financial		364,468			174,181			538,649
Food & Fiber		115,413			(22,457	)		92,956
Indices		(392,201	)		(83,786	)		(475,987	)
Metals		(321,885	)		264,713			(57,172	)
Livestock		(16,140	)		20,570			4,430
Energy		(640,989	)		(34,251	)		(675,240	)

Total net trading gains (losses) in Statement of Operations	$	(1,182,093	)	$	247,066		$	(935,027	)


	For the Six Months Ended June 30, 2016
	Net Realized Gains (Losses)			Change in Net Unrealized Gains (Losses)			Net Trading Gains (Losses)
Foreign Exchange	$	12,138		$	—		$	12,138
Currency		(482,502	)		48,374			(434,128	)
Financial		270,157			221,240			491,397
Food & Fiber		28,205			114,281			142,486
Indices		(162,543	)		(166,229	)		(328,772	)
Metals		(682,336	)		211,561			(470,775	)
Livestock		(31,100	)		(2,640	)		(33,740	)
Energy		(242,100	)		(147,327	)		(389,427	)

Total net trading gains (losses) in Statement of Operations	$	(1,290,081	)	$	279,260		$	(1,010,821	)


	For the Three Months Ended June 30, 2015
	Net Realized Gains (Losses)			Change in Net Unrealized Gains (Losses)			Net Trading Gains (Losses)
Foreign Exchange	$	(3,310	)	$	—		$	(3,310	)
Currency		(211,059	)		153,541			(57,518	)
Financial		(1,363,896	)		(358,568	)		(1,722,464	)
Food & Fiber		(82,158	)		(21,320	)		(103,478	)
Indices		683,693			(427,934	)		255,759
Metals		(184,357	)		7,067			(177,290	)
Livestock		47,710			(165,120	)		(117,410	)
Energy		47,842			(46,060	)		1,782

Total net trading losses in Statement of Operations	$	(1,065,535	)	$	(858,394	)	$	(1,923,929	)


	For the Six Months Ended June 30, 2015
	Net Realized Gains (Losses)			Change in Net Unrealized Gains (Losses)			Net Trading Gains (Losses)
Foreign Exchange	$	44,773		$	—		$	44,773
Currency		350,207			(34,141	)		316,066
Financial		(420,410	)		(449,019	)		(869,429	)
Food & Fiber		(95,628	)		52,464			(43,164	)
Indices		1,082,803			(293,567	)		789,236
Metals		275,082			(147,271	)		127,811
Livestock		(612,010	)		125,570			(486,440	)
Energy		19,295			(86,155	)		(66,860	)

Total net trading gains (losses) in Statement of Operations	$	644,112		$	(832,119	)	$	(188,007	)

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 June 30, 2016, is as follows:


Type of Instrument	Statement of Assets and Liabilities Location	Asset Derivatives at June 30, 2016		Liability Derivatives at June 30, 2016			Net
Futures contracts	Futures contracts purchased	$	313,444	$	(36,429	)	$	277,015
Futures contracts	Futures contracts sold		51,533		(164,251	)		(112,718	)

Totals		$	364,977	$	(200,680	)	$	164,297

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 June 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	$	32,701	$	—	$	—	$	32,701
Merrill Lynch		131,596		—		—		131,596

Totals	$	164,297	$	—	$	—	$	164,297

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 June 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 on Derivatives in Statement of Operations
Foreign exchange contracts	Net realized/unrealized loss on futures and forward contracts	$	(4,129	)	$	—
Futures contracts	Net realized/unrealized gain (loss) on futures and forward contracts		(476,773	)		100,809

Total		$	(480,902	)	$	100,809

Effects of derivative instruments on the statement of operations for the six months ended June 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 on Derivatives in Statement of Operations
Foreign exchange contracts	Net realized/unrealized gain on futures and forward contracts	$	3,567		$	—
Futures contracts	Net realized/unrealized gain (loss) on futures and forward contracts		(585,626	)		103,371

Total		$	(582,059	)	$	103,371

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


Derivatives not Designated as Hedging Instruments under ASC 815	Location of Loss on Derivatives in Statement of Operations	Net Realized Loss on Derivatives in Statement of Operations			Net Change in Unrealized Depreciation on Derivatives in Statement of Operations
Foreign exchange contracts	Net realized/unrealized loss on futures and forward contracts	$	(1,620	)	$	—
Futures contracts	Net realized/unrealized loss on futures and forward contracts		(404,021	)		(299,527	)

Total		$	(405,641	)	$	(299,527	)

Effects of derivative instruments on the statement of operations for the six months ended June 30, 2015:


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 Depreciation on Derivatives in Statement of Operations
Foreign exchange contracts	Net realized/unrealized gain on futures and forward contracts	$	15,811	$	—
Futures contracts	Net realized/unrealized gain (loss) on futures and forward contracts		165,543		(292,895	)

Total		$	181,354	$	(292,895	)

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


	As of June 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
Currency	$	6,025		0.1	$	(8,685	)		(0.1	)	$	11,150		0.2		$	(30,203	)		(0.5	)	$	(21,713	)
Financial		108,388		1.7		(258	)		(0.0	)*		—		—			(19,663	)		(0.3	)		88,467
Food & Fiber		58,891		0.9		(15,203	)		(0.2	)		15,185		0.2			(4,336	)		(0.1	)		54,537
Indices		41,881		0.6		(6,108	)		(0.1	)		11,935		0.2			(35,570	)		(0.6	)		12,138
Metals		98,259		1.5		(1,085	)		(0.0	)*		848		0.0	*		(54,083	)		(0.8	)		43,939
Livestock		—		—		(5,090	)		(0.1	)		4,640		0.1			—			—			(450	)
Energy		—		—		—			—			7,775		0.1			(20,396	)		(0.3	)		(12,621	)

Totals	$	313,444		4.8	$	(36,429	)		(0.5	)	$	51,533		0.8		$	(164,251	)		(2.6	)	$	164,297

*	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 June 30, 2016, the monthly average futures contracts bought was 949 and the monthly average futures contracts sold was 736. For the six months ended June 30, 2016, the monthly average futures contracts bought was 784 and the monthly average futures contracts sold was 833. For the three months ended June 30, 2015, the monthly average futures contracts bought was 885 and the monthly average futures contracts sold was 676. For the six months ended June 30, 2015, the monthly average futures contracts bought was 1,083 and the monthly average futures contracts sold was 495.

Series A trading results by market sector:


	For the Three Months Ended June 30, 2016
	Net Realized Gains (Losses)			Change in Net Unrealized Gains (Losses)			Net Trading Gains (Losses)
Foreign Exchange	$	(4,129	)	$	—		$	(4,129	)
Currency		(111,850	)		(27,817	)		(139,667	)
Financial		142,722			57,242			199,964
Food & Fiber		39,332			(10,095	)		29,237
Indices		(165,961	)		(18,907	)		(184,868	)
Metals		(124,472	)		103,283			(21,189	)
Livestock		(7,490	)		9,560			2,070
Energy		(249,054	)		(12,457	)		(261,511	)

Total net trading gains (losses) in Statement of Operations	$	(480,902	)	$	100,809		$	(380,093	)


	For the Six Months Ended June 30, 2016
	Net Realized Gains (Losses)			Change in Net Unrealized Gains (Losses)			Net Trading Gains (Losses)
Foreign Exchange	$	3,567		$	—		$	3,567
Currency		(190,857	)		20,238			(170,619	)
Financial		111,723			69,561			181,284
Food & Fiber		(1,584	)		47,137			45,553
Indices		(111,219	)		(62,015	)		(173,234	)
Metals		(266,029	)		81,251			(184,778	)
Livestock		(9,980	)		(1,040	)		(11,020	)
Energy		(117,680	)		(51,761	)		(169,441	)

Total net trading gains (losses) in Statement of Operations	$	(582,059	)	$	103,371		$	(478,688	)


	For the Three Months Ended June 30, 2015
	Net Realized Gains (Losses)			Change in Net Unrealized Gains (Losses)			Net Trading Gains (Losses)
Foreign Exchange	$	(1,620	)	$	—		$	(1,620	)
Currency		(75,710	)		57,816			(17,894	)
Financial		(513,586	)		(123,449	)		(637,035	)
Food & Fiber		(28,145	)		(6,294	)		(34,439	)
Indices		242,961			(150,167	)		92,794
Metals		(68,398	)		2,312			(66,086	)
Livestock		20,010			(62,871	)		(42,861	)
Energy		18,847			(16,875	)		1,972

Total net trading losses in Statement of Operations	$	(405,641	)	$	(299,528	)	$	(705,169	)


	For the Six Months Ended June 30, 2015
	Net Realized Gains (Losses)			Change in Net Unrealized Gains (Losses)			Net Trading Gains (Losses)
Foreign Exchange	$	15,811		$	—		$	15,811
Currency		135,528			(11,549	)		123,979
Financial		(321,336	)		(164,849	)		(486,185	)
Food & Fiber		(22,053	)		16,068			(5,985	)
Indices		215,973			(91,721	)		124,252
Metals		378,206			(52,462	)		325,744
Livestock		(231,930	)		46,100			(185,830	)
Energy		11,155			(34,484	)		(23,329	)

Total net trading gains (losses) in Statement of Operations	$	181,354		$	(292,897	)	$	(111,543	)

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 June 30, 2016, is as follows:


Type of Instrument	Statement of Assets and Liabilities Location	Asset Derivatives at June 30, 2016		Liability Derivatives at June 30, 2016			Net
Futures contracts	Futures contracts purchased	$	503,717	$	(55,549	)	$	448,168
Futures contracts	Futures contracts sold		74,337		(237,116	)		(162,779	)

Totals		$	578,054	$	(292,665	)	$	285,389

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	$	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 June 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	$	68,858	$	—	$	—	$	68,858
Merrill Lynch		216,531		—		—		216,531

Totals	$	285,389	$	—	$	—	$	285,389

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 June 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 on Derivatives in Statement of Operations
Foreign exchange contracts	Net realized/unrealized loss on futures and forward contracts	$	(3,280	)	$	—
Futures contracts	Net realized/unrealized gain (loss) on futures and forward contracts		(697,911	)		146,257

Total		$	(701,191	)	$	146,257

Effects of derivative instruments on the statement of operations for the six months ended June 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 on Derivatives in Statement of Operations
Foreign exchange contracts	Net realized/unrealized gain on futures and forward contracts	$	8,571		$	—
Futures contracts	Net realized/unrealized gain (loss) on futures and forward contracts		(716,593	)		175,889

Total		$	(708,022	)	$	175,889

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


Derivatives not Designated as Hedging Instruments under ASC 815	Location of Loss on Derivatives in Statement of Operations	Net Realized Loss on Derivatives in Statement of Operations			Net Change in Unrealized Depreciation on Derivatives in Statement of Operations
Foreign exchange contracts	Net realized/unrealized loss on futures and forward contracts	$	(1,690	)	$	—
Futures contracts	Net realized/unrealized loss on futures and forward contracts		(658,204	)		(558,865	)

Total		$	(659,894	)	$	(558,865	)

Effects of derivative instruments on the statement of operations for the six months ended June 30, 2015:


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 Depreciation on Derivatives in Statement of Operations
Foreign exchange contracts	Net realized/unrealized gain on futures and forward contracts	$	28,962	$	—
Futures contracts	Net realized/unrealized gain (loss) on futures and forward contracts		433,796		(539,221	)

Total		$	462,758	$	(539,221	)

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


	As of June 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
Currency	$	9,640		0.1	$	(11,335	)		(0.2	)	$	16,700		0.2		$	(44,041	)		(0.6	)	$	(29,036	)
Financial		189,003		2.8		(400	)		(0.0	)*		—		—			(16,255	)		(0.2	)		172,348
Food & Fiber		95,277		1.4		(20,140	)		(0.3	)		22,379		0.3			(7,629	)		(0.1	)		89,887
Indices		52,822		0.8		(15,303	)		(0.2	)		21,557		0.3			(60,917	)		(0.9	)		(1,841	)
Metals		156,975		2.3		(1,831	)		(0.0	)*		770		0.0	*		(77,386	)		(1.1	)		78,528
Energy		—		—		—			—			11,151		0.2			(30,888	)		(0.5	)		(19,737	)
Livestock		—		—		(6,540	)		(0.1	)		1,780		0.0	*		—			—			(4,760	)

Totals	$	503,717		7.4	$	(55,549	)		(0.8	)	$	74,337		1.0		$	(237,116	)		(3.4	)	$	285,389

*	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 June 30, 2016, the monthly average futures contracts bought was 1,459 and the monthly average futures contracts sold was 1,129. For the six months ended June 30, 2016, the monthly average futures contracts bought was 1,216 and the monthly average futures contracts sold was 1,280. For the three months ended June 30, 2015, the monthly average futures contracts bought was 1,495 and the monthly average futures contracts sold was 1,132. For the six months ended June 30, 2015, the monthly average futures contracts bought was 1,841 and the monthly average futures contracts sold was 837.

Series B trading results by market sector:


	For the Three Months Ended June 30, 2016
	Net Realized Gains (Losses)			Change in Net Unrealized Gains (Losses)			Net Trading Gains (Losses)
Foreign Exchange	$	(3,280	)	$	—		$	(3,280	)
Currency		(171,500	)		(44,087	)		(215,587	)
Financial		221,746			116,939			338,685
Food & Fiber		76,081			(12,362	)		63,719
Indices		(226,240	)		(64,879	)		(291,119	)
Metals		(197,413	)		161,430			(35,983	)
Livestock		(8,650	)		11,010			2,360
Energy		(391,935	)		(21,794	)		(413,729	)

Total net trading gains (losses) in Statement of Operations	$	(701,191	)	$	146,257		$	(554,934	)


	For the Six Months Ended June 30, 2016
	Net Realized Gains (Losses)			Change in Net Unrealized Gains (Losses)			Net Trading Gains (Losses)
Foreign Exchange	$	8,571		$	—		$	8,571
Currency		(291,645	)		28,136			(263,509	)
Financial		158,434			151,679			310,113
Food & Fiber		29,789			67,144			96,933
Indices		(51,324	)		(104,214	)		(155,538	)
Metals		(416,307	)		130,310			(285,997	)
Livestock		(21,120	)		(1,600	)		(22,720	)
Energy		(124,420	)		(95,566	)		(219,986	)

Total net trading gains (losses) in Statement of Operations	$	(708,022	)	$	175,889		$	(532,133	)


	For the Three Months Ended June 30, 2015
	Net Realized Gains (Losses)			Change in Net Unrealized Gains (Losses)			Net Trading Gains (Losses)
Foreign Exchange	$	(1,690	)	$	—		$	(1,690	)
Currency		(135,349	)		95,725			(39,624	)
Financial		(850,310	)		(235,119	)		(1,085,429	)
Food & Fiber		(54,013	)		(15,026	)		(69,039	)
Indices		440,732			(277,767	)		162,965
Metals		(115,959	)		4,755			(111,204	)
Livestock		27,700			(102,249	)		(74,549	)
Energy		28,995			(29,185	)		(190	)

Total net trading losses in Statement of Operations	$	(659,894	)	$	(558,866	)	$	(1,218,760	)


	For the Six Months Ended June 30, 2015
	Net Realized Gains (Losses)			Change in Net Unrealized Gains (Losses)			Net Trading Gains (Losses)
Foreign Exchange	$	28,962		$	—		$	28,962
Currency		214,679			(22,592	)		192,087
Financial		(99,074	)		(284,170	)		(383,244	)
Food & Fiber		(73,575	)		36,396			(37,179	)
Indices		866,830			(201,846	)		664,984
Metals		(103,124	)		(94,809	)		(197,933	)
Livestock		(380,080	)		79,470			(300,610	)
Energy		8,140			(51,671	)		(43,531	)

Total net trading gains (losses) in Statement of Operations	$	462,758		$	(539,222	)	$	(76,464	)

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 June 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.

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 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 June 30 are as follows:


	2016						2015
	Series A			Series B			Series A			Series B
Total Return*
Total return before incentive fees		(10.0	)%		(11.0	)%		(5.3	)%		(5.9	)%
Incentive fees		0.0			0.0			0.0			0.0

Total return after incentive fees		(10.0	)%		(11.0	)%		(5.3	)%		(5.9	)%

Ratios to average partners’ capital
Operating expenses before incentive fees		3.9	%		4.2	%		3.6	%		4.0	%
Incentive fees		0.0			0.0			0.0			0.0

Total expenses		3.9	%		4.2	%		3.6	%		4.0	%

Net investment loss		(3.9	)%		(4.2	)%		(3.6	)%		(4.0	)%

Net asset value per unit, beginning of period	$	1,222.26		$	1,392.13		$	1,283.60		$	1,462.68


	2016						2015
	Series A			Series B			Series A			Series B
Net investment loss		(45.11	)		(56.19	)		(47.24	)		(61.12	)
Net loss on investments		(75.55	)		(94.42	)		(20.35	)		(26.38	)

Net asset value per unit, end of period	$	1,101.60		$	1,241.52		$	1,216.01		$	1,375.18

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)	$	(122.41	)	$	(150.44	)	$	(62.62	)	$	(72.84	)

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)	$	(120.66	)	$	(150.61	)	$	(67.59	)	$	(87.50	)


Financial highlights for the period April 1 through June 30 are as follows:

	2016						2015
	Series A			Series B			Series A			Series B
Total Return*
Total return before incentive fees		(7.1	)%		(9.3	)%		(9.2	)%		(13.6	)%
Incentive fees		0.0			0.0			0.0			0.0

Total return after incentive fees		(7.1	)%		(9.3	)%		(9.2	)%		(13.6	)%

Ratios to average partners’ capital
Operating expenses before incentive fees		2.0	%		2.1	%		1.8	%		2.0	%
Incentive fees		0.0			0.0			0.0			0.0

Total expenses		2.0	%		2.1	%		1.8	%		2.0	%

Net investment loss		(2.0	)%		(2.1	)%		(1.8	)%		(2.0	)%

Net asset value per unit, beginning of period	$	1,183.63		$	1,367.00		$	1,337.50		$	1,589.57
Net investment loss		(22.04	)		(27.15	)		(23.46	)		(29.72	)
Net loss on investments		(59.99	)		(98.32	)		(98.03	)		(184.67	)

Net asset value per unit, end of period	$	1,101.60		$	1,241.52		$	1,216.01		$	1,375.18

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)	$	(84.48	)	$	(126.09	)	$	(125.44	)	$	(221.71	)

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)	$	(82.03	)	$	(125.48	)	$	(121.49	)	$	(214.39	)

*	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 $943,031 and $493,345, respectively, at June 30, 2016. For the Fund, gross unrealized gains and losses related to exchange-traded futures were $1,014,080 and $1,126,806, respectively, at June 30, 2015.

For Series A, gross unrealized gains and losses related to exchange-traded futures were $364,977 and $200,680, respectively, at June 30, 2016. For Series A, gross unrealized gains and losses related to exchange-traded futures were $384,993 and $409,293, respectively, at June 30, 2015.

For Series B, gross unrealized gains and losses related to exchange-traded futures were $578,054 and $292,665, respectively, at June 30, 2016. For Series B, gross unrealized gains and losses related to exchange-traded futures were $629,087 and $717,513, respectively, at June 30, 2015.

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.

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 mature within one year of June 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.

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 June 30, 2016, redemptions totaled $1,270,282. For the quarter ended June 30, 2016, redemptions totaled $770,670 in Series A and $499,612 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.

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 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.

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 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.

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 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 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, 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 June 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

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 June 30, 2015 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.

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 June 30, 2016.

(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 June 30, 2016:


Series A:

Month	Units Redeemed		NAV per Unit ($)
April 30, 2016		139.870		1,120.76
May 31, 2016		118.401		1,096.25
June 30, 2016		206.342		1,101.60

		464.613

Series B:

Month	Units Redeemed		NAV per Unit ($)
April 30, 2016		94.552		1,262.60
May 31, 2016		37.768		1,224.78
June 30, 2016		26.000		1,241.52

		158.32

ITEM 3.

DEFAULTS UPON SENIOR SECURITIES

Not applicable.

ITEM 4.

MINE SAFETY DISCLOSURE

Not applicable.

ITEM 5.

OTHER INFORMATION

None.

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

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: August 5, 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

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

E-1

Large Accelerated Filer

Accelerated Filer

Non-Accelerated Filer

¨ (Do not check if a smaller reporting company)

Smaller Reporting Company