SEC 13F Intelligence

Managers / Q4 2023 · view latest →

Walnut Level Capital LLC

CIK 0001803088 · 1221 SOUTH CLARKSON STREET, SUITE 205, DENVER, CO, 80210 · 303-381-4921

Reported Value
$136M
Q4 2023
Positions
35
Filings on Record
10
2019–present window
Filed
Feb 14, 2024
original filing

Summary

Walnut Level Capital LLC reported $136M in U.S.-listed holdings across 35 positions for Q4 2023.

Its largest position, INGR, represents 10.8% of the portfolio.

Portfolio Metrics

Top-10 Concentration
+66.4%
share of reported value
Largest Position
+10.8%
Ingredion

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded, with multiple share classes and repeated sub-manager rows for the same issuer combined into one position — the same rule the holdings table uses by default. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q4 ’23: $136MQ4 ’23Q1 ’24: $171MQ2 ’24: $225MQ2 ’24Q3 ’24: $239MQ4 ’24: $262MQ4 ’24Q1 ’25: $200MQ2 ’25: $185MQ2 ’25Q3 ’25: $167MQ4 ’25: $147MQ4 ’25Q1 ’26: $118Mfilingsflow.com

Portfolio Composition

By security type
Common Stock: 84.3%Other: 15.7%
  • Common Stock · 84.3% · $114M
  • Other · 15.7% · $21M

Quarter-over-Quarter Changes full breakdown →

IssuerMoveShare ΔShares nowValue ΔValue now
INGRINGREDION INCNEW+160.3K160.3K+$17M$17M
MEOHMETHANEX CORPNEW+363.9K363.9K+$17M$17M
APDAIR PRODS & CHEMS INCNEW+50.7K50.7K+$14M$14M
ORION S.A.NEW+447.5K447.5K+$12M$12M
PPCPILGRIMS PRIDE CORPNEW+340.7K340.7K+$9M$9M
DWDPEURDUPONT DE NEMOURS INCNEW+112.4K112.4K+$9M$9M
EMNEASTMAN CHEM CONEW+82.0K82.0K+$7M$7M
REXREX AMERICAN RES CORPNEW+153.0K153.0K+$7M$7M

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q4 2023

27 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1INGRINGREDION INChistory →COM10.82%$15M135.3K
2APDAIR PRODS & CHEMS INChistory →COM10.22%$14M50.7K
3MEOHMETHANEX CORPhistory →COM8.34%$11M238.9K
4ORION S.A.COM6.59%$9M322.5K
5DWDPEURDUPONT DE NEMOURS INChistory →COM6.37%$9M112.4K
6PPCPILGRIMS PRIDE CORPhistory →COM5.93%$8M290.7K
7EMNEASTMAN CHEM COhistory →COM5.43%$7M82.0K
8HUNHUNTSMAN CORPhistory →COM5.00%$7M270.0K
9PPGPPG INDS INChistory →COM4.12%$6M37.4K
10REXREX AMERICAN RES CORPhistory →COM3.59%$5M103.0K
11TRONOX HOLDINGS PLCSHS1.88%$3M180.0K
12BUNGE LIMITEDCOM1.86%$3M25.0K
13ADECOAGRO S ACOM1.62%$2M198.3K
14OLNOLIN CORPhistory →COM PAR $11.59%$2M40.0K
15FCXFREEPORT-MCMORAN INChistory →CL B1.49%$2M47.4K
16CTVACORTEVA INChistory →COM1.45%$2M41.1K
17STKLSUNOPTA INChistory →COM1.31%$2M325.0K
18ECLECOLAB INChistory →COM1.10%$1M7.5K
19CECELANESE CORP DELCOM0.86%$1M7.5K
20CNH INDL N VSHS0.72%$974,40080.0K
21CFCF INDS HLDGS INCCOM0.59%$795,00010.0K
22MPMP MATERIALS CORPCOM CL A0.59%$794,00040.0K
23AXALTA COATING SYS LTDCOM0.44%$594,47517.5K
24IFFINTERNATIONAL FLAVORS&FRAGRACOM0.39%$535,5366.6K
25LINDE PLCSHS0.02%$22,17854
26GISGENERAL MLS INCCOM0.01%$10,553162
27ANDEANDERSONS INCCOM0.01%$9,379163

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$118M39May 15, 202613F-HRchanges · EDGAR ↗
Q4 2025$147M37Feb 17, 202613F-HRchanges · EDGAR ↗
Q3 2025$167M37Nov 14, 202513F-HRchanges · EDGAR ↗
Q2 2025$185M41Aug 14, 202513F-HRchanges · EDGAR ↗
Q1 2025$200M43May 15, 202513F-HRchanges · EDGAR ↗
Q4 2024$262M45Feb 11, 202513F-HRchanges · EDGAR ↗
Q3 2024$239M35Nov 13, 202413F-HRchanges · EDGAR ↗
Q2 2024$225M45Aug 14, 202413F-HRchanges · EDGAR ↗
Q1 2024$171M33May 10, 202413F-HRchanges · EDGAR ↗
Q4 2023$136M35Feb 14, 202413F-HRchanges · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.