Managers / Q4 2025 · view latest →
Walnut Level Capital LLC
CIK 0001803088 · 1221 SOUTH CLARKSON STREET, SUITE 205, DENVER, CO, 80210 · 303-381-4921
Summary
Walnut Level Capital LLC reported $147M in U.S.-listed holdings across 37 positions for Q4 2025.
Its largest position, ANDE, represents 12.6% of the portfolio.
Compared with Q3 2025, the fund opened 4 new positions and exited 1.
Portfolio Metrics
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
Portfolio Composition
- Common Stock · 76.7% · $113M
- Other · 20.9% · $31M
- ETP · 2.4% · $3M
Quarter-over-Quarter Changes full breakdown →
vs Q3 2025 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| SFDSMITHFIELD FOODS INC | NEW | +380.9K | 380.9K | +$9M | $9M |
| USOUNITED STS OIL FD LP | NEW | +50.0K | 50.0K | +$3M | $3M |
| JBS N.V. | NEW | +152.0K | 152.0K | +$2M | $2M |
| SMURFIT WESTROCK PLC | NEW | +41.8K | 41.8K | +$2M | $2M |
| FULFULLER H B CO | ADDED | +42.5K | 57.5K | +$3M | $3M |
| HRLHORMEL FOODS CORP | SOLD OUT | −105.0K | 0 | −$3M | $0 |
| OLNOLIN CORP | ADDED | +38.0K | 78.0K | +$625,390 | $2M |
| PAHUSDELEMENT SOLUTIONS INC | TRIMMED | −130.4K | 13.0K | −$3M | $325,770 |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q4 2025
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 ↗.