SEC 13F Intelligence

Managers / Q1 2024 · view latest →

Walnut Level Capital LLC

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

Reported Value
$171M
Q1 2024
Positions
33
Filings on Record
10
2019–present window
Filed
May 10, 2024
original filing

Summary

Walnut Level Capital LLC reported $171M in U.S.-listed holdings across 33 positions for Q1 2024.

Its largest position, MEOH, represents 8.7% of the portfolio.

Compared with Q4 2023, the fund opened 4 new positions and exited 6.

Portfolio Metrics

Turnover
+12.3%
vs prior filed quarter
Top-10 Concentration
+52.6%
share of reported value
Largest Position
+8.7%
Methanex
New / Exited
4 / 6
positions this quarter

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. 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: 76.1%Other: 17.8%ETP: 6.1%
  • Common Stock · 76.1% · $130M
  • Other · 17.8% · $30M
  • ETP · 6.1% · $11M

Quarter-over-Quarter Changes full breakdown →

vs Q4 2023 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
ISHARES TRNEW+50.0K50.0K+$11M$11M
BUNGE GLOBAL SANEW+25.0K25.0K+$3M$3M
EROERO COPPER CORPNEW+75.6K75.6K+$1M$1M
IEIVANHOE ELECTRIC INCNEW+21.5K21.5K+$210,700$210,700
FCXFREEPORT-MCMORAN INCADDED+143.9K191.3K+$7M$9M
ADMARCHER DANIELS MIDLAND COSOLD OUT−50.0K0−$4M$0
BUNGE LIMITEDSOLD OUT−25.0K0−$3M$0
DARDARLING INGREDIENTS INCSOLD OUT−50.0K0−$2M$0

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

Holdings — Q1 2024

27 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1MEOHMETHANEX CORPhistory →COM8.70%$15M333.5K
2APDAIR PRODS & CHEMS INChistory →COM7.93%$14M56.0K
3ORION S.A.COM6.72%$11M488.8K
4DWDPEURDUPONT DE NEMOURS INChistory →COM5.67%$10M126.5K
5HUNHUNTSMAN CORPhistory →COM5.17%$9M340.0K
6EMNEASTMAN CHEM COhistory →COM4.74%$8M80.9K
7PPGPPG INDS INChistory →COM4.13%$7M48.8K
8PPCPILGRIMS PRIDE CORPhistory →COM3.59%$6M178.7K
9INGRINGREDION INChistory →COM3.45%$6M50.5K
10FCXFREEPORT-MCMORAN INChistory →CL B2.51%$4M91.3K
11ADECOAGRO S ACOM2.08%$4M323.3K
12TRONOX HOLDINGS PLCSHS2.04%$3M201.5K
13REXREX AMERICAN RES CORPhistory →COM1.65%$3M48.1K
14BUNGE GLOBAL SACOM SHS1.50%$3M25.0K
15OLNOLIN CORPhistory →COM PAR $11.38%$2M40.0K
16CTVACORTEVA INChistory →COM1.35%$2M40.0K
17STKLSUNOPTA INChistory →COM1.31%$2M325.0K
18ECLECOLAB INChistory →COM1.02%$2M7.5K
19EROERO COPPER CORPCOM0.85%$1M75.6K
20AVOMISSION PRODUCE INCCOM0.80%$1M115.0K
21CECELANESE CORP DELCOM0.75%$1M7.5K
22CNH INDL N VSHS0.61%$1M80.0K
23CFCF INDS HLDGS INCCOM0.49%$832,10010.0K
24AXALTA COATING SYS LTDCOM0.35%$601,82517.5K
25MPMP MATERIALS CORPCOM CL A0.33%$572,00040.0K
26IFFINTERNATIONAL FLAVORS&FRAGRACOM0.33%$568,7386.6K
27IEIVANHOE ELECTRIC INCCOM0.12%$210,70021.5K

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 ↗.