Managers / Q2 2024 · view latest →

Walnut Level Capital LLC

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

Reported Value

$225M

Q2 2024

Positions

Filings on Record

2019–present window

Filed

Aug 14, 2024

original filing

Summary

Walnut Level Capital LLC reported $225M in U.S.-listed holdings across 45 positions for Q2 2024.

Its largest position, MEOH, represents 9.2% of the portfolio.

Compared with Q1 2024, the fund opened 11 new positions and exited 3.

Portfolio Metrics

Turnover

+20.4%

vs prior filed quarter

Top-10 Concentration

+49.0%

share of reported value

Largest Position

+9.2%

Methanex

New / Exited

11 / 3

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

Portfolio Composition

By security type

Common Stock · 75.7% · $170M
Other · 19.8% · $44M
ETP · 4.5% · $10M

Quarter-over-Quarter Changes full breakdown →

vs Q1 2024 (amended baseline)

Issuer	Move	Share Δ	Shares now	Value Δ	Value now
DAR DARLING INGREDIENTS INC	NEW	+348.6K	348.6K	+$13M	$13M
ADM ARCHER DANIELS MIDLAND CO	NEW	+137.5K	137.5K	+$8M	$8M
HRL HORMEL FOODS CORP	NEW	+195.0K	195.0K	+$6M	$6M
CC CHEMOURS CO	NEW	+152.8K	152.8K	+$3M	$3M
LW LAMB WESTON HLDGS INC	NEW	+34.6K	34.6K	+$3M	$3M
SHW SHERWIN WILLIAMS CO	NEW	+7.5K	7.5K	+$2M	$2M
TSN TYSON FOODS INC	NEW	+25.0K	25.0K	+$1M	$1M
MOS MOSAIC CO NEW	NEW	+42.5K	42.5K	+$1M	$1M

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

Holdings — Q2 2024

34 positions

Export to Excel

#	Issuer	Class	% Portfolio	Value ↓	Shares
1	MEOH METHANEX CORP history →	COM	9.22%	$21M	430.1K
2	APD AIR PRODS & CHEMS INC history →	COM	8.40%	$19M	73.3K
3	PPG PPG INDS INC history →	COM	6.26%	$14M	112.0K
4	ORION S.A.	COM	6.11%	$14M	627.0K
5	EMN EASTMAN CHEM CO history →	COM	5.77%	$13M	132.7K
6	HUN HUNTSMAN CORP history →	COM	4.76%	$11M	470.1K
7	HRL HORMEL FOODS CORP history →	COM	2.64%	$6M	195.0K
8	DAR DARLING INGREDIENTS INC history →	COM	2.43%	$5M	148.6K
9	DWDPEUR DUPONT DE NEMOURS INC history →	COM	1.97%	$4M	55.0K
10	AVO MISSION PRODUCE INC history →	COM	1.47%	$3M	335.0K
11	OLN OLIN CORP history →	COM PAR $1	1.47%	$3M	70.0K
12	LW LAMB WESTON HLDGS INC history →	COM	1.29%	$3M	34.6K
13	TRONOX HOLDINGS PLC	SHS	1.25%	$3M	180.0K
14	BUNGE GLOBAL SA	COM SHS	1.19%	$3M	25.0K
15	PPC PILGRIMS PRIDE CORP history →	COM	1.11%	$3M	65.0K
16	ADECOAGRO S A	COM	1.04%	$2M	241.3K
17	SHW SHERWIN WILLIAMS CO	COM	0.99%	$2M	7.5K
18	CF CF INDS HLDGS INC	COM	0.99%	$2M	30.0K
19	CTVA CORTEVA INC	COM	0.96%	$2M	40.0K
20	MP MP MATERIALS CORP	COM CL A	0.94%	$2M	165.5K
21	ECL ECOLAB INC	COM	0.80%	$2M	7.5K
22	STKL SUNOPTA INC	COM	0.78%	$2M	325.0K
23	REX REX AMERICAN RES CORP	COM	0.72%	$2M	35.6K
24	TSN TYSON FOODS INC	CL A	0.63%	$1M	25.0K
25	MOS MOSAIC CO NEW	COM	0.55%	$1M	42.5K
26	CE CELANESE CORP DEL	COM	0.45%	$1M	7.5K
27	CC CHEMOURS CO	COM	0.43%	$965,725	42.8K
28	IFF INTERNATIONAL FLAVORS&FRAGRA	COM	0.28%	$629,719	6.6K
29	AXALTA COATING SYS LTD	COM	0.27%	$597,975	17.5K
30	INGR INGREDION INC	COM	0.25%	$573,500	5.0K
31	CNH INDL N V	SHS	0.04%	$80,000	80.0K
32	LINDE PLC	SHS	0.01%	$23,696	54
33	GIS GENERAL MLS INC	COM	0.00%	$10,248	162
34	ANDE ANDERSONS INC	COM	0.00%	$8,085	163

Filing History

Quarter	Reported Value	Positions	Filed	Type	Links
Q1 2026	$118M	39	May 15, 2026	13F-HR	changes · EDGAR ↗
Q4 2025	$147M	37	Feb 17, 2026	13F-HR	changes · EDGAR ↗
Q3 2025	$167M	37	Nov 14, 2025	13F-HR	changes · EDGAR ↗
Q2 2025	$185M	41	Aug 14, 2025	13F-HR	changes · EDGAR ↗
Q1 2025	$200M	43	May 15, 2025	13F-HR	changes · EDGAR ↗
Q4 2024	$262M	45	Feb 11, 2025	13F-HR	changes · EDGAR ↗
Q3 2024	$239M	35	Nov 13, 2024	13F-HR	changes · EDGAR ↗
Q2 2024	$225M	45	Aug 14, 2024	13F-HR	changes · EDGAR ↗
Q1 2024	$171M	33	May 10, 2024	13F-HR	changes · EDGAR ↗
Q4 2023	$136M	35	Feb 14, 2024	13F-HR	changes · 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 ↗.