Washington, D.C. 20549

                                    FORM 8-K

                                 CURRENT REPORT

     Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

        Date of Report (Date of earliest event reported): March 1, 2012

                         EMERGING CTA PORTFOLIO L.P.
             (Exact name of registrant as specified in its charter)

   New York                       0-53211                       04-3768983
--------------                   ------------------                ------------------
(State or other          (Commission File           (IRS Employer
jurisdiction of               Number)                     Identification No.)

                        c/o Ceres Managed Futures LLC
                           522 Fifth Avenue - 14th Floor
                               New York, NY 10036

              (Address and Zip Code of principal executive offices)

       Registrant's telephone number, including area code: (212) 296-1999

                                 Not Applicable
          (Former name or former address, if changed since last report)

Check  the  appropriate  box  below  if the  Form  8-K  filing  is  intended  to
simultaneously  satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):

     |_| Written communications pursuant to Rule 425 under the Securities Act
(17 CFR 230.425)

     |_| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17
CFR 240.14a-12)

     |_| Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))

     |_| Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))



Item 3.02 Unregistered Sales of Equity Securities

     On March 1,  2012,  the  registrant  issued  3,962.9627 units of limited partnership
interest (“Units”)  in  exchange  for $5,685,108 in a  transaction  that was not  registered  
under the Act. The Units were issued in reliance  upon  applicable  exemptions  from  
registration  under Section 4(2) of the Act and Section 506 of Regulation D promulgated
there under.




     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 hereunto duly authorized.


       By: Ceres Managed Futures LLC,
   General Partner

By /s/   Walter Davis
               Walter Davis
               President and Director


       By  /s/ Brian Centner
               Brian Centner
               Chief Financial Officer

Date:  March 2, 2012



                                             Ceres Managed Futures LLC
                                             522 Fifth Avenue - 14th Floor
                                                    New York, NY 10036

March 2, 2012

Securities and Exchange Commission
100 F Street, N.E.
Washington, D.C. 20549

Re:      Emerging CTA Portfolio L.P.
            Current Report on Form 8-K

Ladies and Gentlemen:

On behalf of Emerging CTA Portfolio L.P. and pursuant to Rule 13a-11 promulgated
by the  Securities  and  Exchange  Commission  (the  "Commission"),  we transmit
herewith for filing with the  Commission  via EDGAR a Current Report on Form 8-K
pursuant to the  Securities  Exchange Act of 1934 and the rules and  regulations
there under.

Should  members of the  Commission's  staff have any  questions or comments with
respect to this filing, please contact the undersigned at (212) 296-1296.

Very truly yours,

/s/ Delores Jaramillo
    Delores Jaramillo