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Walnut Level Capital LLC

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13F filer, CIK 1803088, DENVER, CO

Walnut Level Capital LLC reported $167,152,739 across 37 holdings for the quarter ended 2025-09-30, in a 13F-HR filed 2025-11-14. Its ten largest share positions make up 76.77% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001803088-25-000010

Period
2025-09-30
Reported value
$167M
Holdings
37
Top 10 weight
76.77%
New
4
Sold out
8

Largest buys vs the previous quarter

SecurityShares changeApprox. value
ANDEadded+384,576$15.3M
DARadded+188,117$5.81M
WLKnew+57,679$4.44M
MEOHadded+104,935$4.17M
AVNTadded+120,661$3.98M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Largest sells vs the previous quarter

SecurityShares changeApprox. value
ADMexited-196,708-$10.4M
SFDexited-114,800-$2.7M
DDreduced-25,500-$1.99M
OECreduced-232,798-$1.76M
JBSexited-75,000-$1.1M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Holdings, Q3 2025

Share positions as resolved from 13F-HR 0001803088-25-000010, largest first. % of portfolio is the value over $141,107,739, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
ANDEANDERSONS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 190,168 shares; 2025Q3: 574,744 shares 574,744$22.9M16.21%+384,576Timeline
MEOHMETHANEX CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 585,933 shares; 2024Q4: 631,102 shares; 2025Q1: 350,433 shares; 2025Q2: 292,066 shares; 2025Q3: 397,001 shares 397,001$15.8M11.19%+104,935Timeline
AVOMISSION PRODUCE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 376,906 shares; 2024Q4: 587,970 shares; 2025Q1: 999,924 shares; 2025Q2: 1,056,373 shares; 2025Q3: 1,075,619 shares 1,075,619$12.9M9.16%+19,246Timeline
BGBUNGE GLOBAL SAQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 25,000 shares; 2024Q4: 25,000 shares; 2025Q1: 25,000 shares; 2025Q2: 170,218 shares; 2025Q3: 158,568 shares 158,568$12.9M9.13%-11,650Timeline
DARDARLING INGREDIENTS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 100,000 shares; 2025Q1: 130,555 shares; 2025Q2: 193,255 shares; 2025Q3: 381,372 shares 381,372$11.8M8.34%+188,117Timeline
AVNTAVIENT CORPORATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 85,000 shares; 2025Q1: 251,517 shares; 2025Q2: 179,201 shares; 2025Q3: 299,862 shares 299,862$9.88M7%+120,661Timeline
PPGPPG INDS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 57,954 shares; 2024Q4: 124,954 shares; 2025Q1: 42,754 shares; 2025Q2: 62,754 shares; 2025Q3: 78,017 shares 78,017$8.2M5.81%+15,263Timeline
EMNEASTMAN CHEM COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 153,542 shares; 2024Q4: 161,042 shares; 2025Q1: 93,115 shares; 2025Q2: 91,061 shares; 2025Q3: 79,804 shares 79,804$5.03M3.57%-11,257Timeline
OECORION S.A.Quarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 460,793 shares; 2024Q4: 724,113 shares; 2025Q1: 1,013,629 shares; 2025Q2: 828,829 shares; 2025Q3: 596,031 shares 596,031$4.52M3.2%-232,798Timeline
WLKWESTLAKE CORPORATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 45,000 shares; 2024Q4: 72,285 shares; 2025Q1: 92,500 shares; 2025Q2: not reported; 2025Q3: 57,679 shares 57,679$4.44M3.15%newTimeline
ESIELEMENT SOLUTIONS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 80,000 shares; 2025Q3: 143,422 shares 143,422$3.61M2.56%+63,422Timeline
CTVACORTEVA INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 40,000 shares; 2024Q4: 40,000 shares; 2025Q1: 40,000 shares; 2025Q2: 40,000 shares; 2025Q3: 40,000 shares 40,000$2.71M1.92%0Timeline
MPMP MATERIALS CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 92,530 shares; 2024Q4: 95,000 shares; 2025Q1: 40,000 shares; 2025Q2: 40,000 shares; 2025Q3: 40,000 shares 40,000$2.68M1.9%0Timeline
PPCPILGRIMS PRIDE CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 65,000 shares; 2024Q4: 65,000 shares; 2025Q1: 75,000 shares; 2025Q2: 65,000 shares; 2025Q3: 65,000 shares 65,000$2.65M1.88%0Timeline
HRLHORMEL FOODS CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 333,000 shares; 2024Q4: 260,000 shares; 2025Q1: not reported; 2025Q2: 75,000 shares; 2025Q3: 105,000 shares 105,000$2.6M1.84%+30,000Timeline
DDDUPONT DE NEMOURS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 70,000 shares; 2024Q4: 115,674 shares; 2025Q1: 97,330 shares; 2025Q2: 55,500 shares; 2025Q3: 30,000 shares 30,000$2.34M1.66%-25,500Timeline
APDAIR PRODUCTS AND CHEMICALS IQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 50,392 shares; 2024Q4: 27,892 shares; 2025Q1: 8,495 shares; 2025Q2: 8,495 shares; 2025Q3: 8,495 shares 8,495$2.32M1.64%0Timeline
REXREX AMERICAN RES CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 91,927 shares; 2024Q4: 35,586 shares; 2025Q1: 35,586 shares; 2025Q2: 35,586 shares; 2025Q3: 71,172 shares 71,172$2.18M1.54%+35,586Timeline
ECLECOLAB INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 7,523 shares; 2025Q1: 7,523 shares; 2025Q2: 7,523 shares; 2025Q3: 7,523 shares 7,523$2.06M1.46%0Timeline
STKLSUNOPTA INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 325,000 shares; 2024Q4: 325,000 shares; 2025Q1: 325,000 shares; 2025Q2: 325,000 shares; 2025Q3: 325,000 shares 325,000$1.9M1.35%0Timeline
AGROADECOAGRO S AQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 198,317 shares; 2024Q4: 198,317 shares; 2025Q1: 198,317 shares; 2025Q2: 198,317 shares; 2025Q3: 198,317 shares 198,317$1.55M1.1%0Timeline
OLNOLIN CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 188,339 shares; 2024Q4: 111,000 shares; 2025Q1: 40,000 shares; 2025Q2: 40,000 shares; 2025Q3: 40,000 shares 40,000$1000K0.71%0Timeline
CFCF INDUSTRIES HOLDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 10,000 shares; 2025Q1: 10,000 shares; 2025Q2: 10,000 shares; 2025Q3: 10,000 shares 10,000$897K0.64%0Timeline
FULFULLER H B COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 15,000 shares 15,000$889K0.63%newTimeline
HUNHUNTSMAN CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 698,719 shares; 2024Q4: 679,719 shares; 2025Q1: 877,010 shares; 2025Q2: 85,000 shares; 2025Q3: 85,000 shares 85,000$763K0.54%0Timeline
TROXTRONOX HOLDINGS PLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 305,000 shares; 2024Q4: 455,742 shares; 2025Q1: 305,000 shares; 2025Q2: 180,000 shares; 2025Q3: 180,000 shares 180,000$724K0.51%0Timeline
INGRINGREDION INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 5,000 shares; 2025Q1: 5,000 shares; 2025Q2: 5,000 shares; 2025Q3: 5,000 shares 5,000$611K0.43%0Timeline
AXTAAXALTA COATING SYS LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 17,500 shares; 2024Q4: 17,500 shares; 2025Q1: 17,500 shares; 2025Q2: 17,500 shares; 2025Q3: 17,500 shares 17,500$501K0.35%0Timeline
IFFINTERNATIONAL FLAVORS&FRAGRAQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 6,614 shares; 2025Q1: 6,614 shares; 2025Q2: 6,614 shares; 2025Q3: 6,614 shares 6,614$407K0.29%0Timeline
CECELANESE CORP DELQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 55,000 shares; 2024Q4: 7,500 shares; 2025Q1: 7,500 shares; 2025Q2: 7,500 shares; 2025Q3: 7,500 shares 7,500$316K0.22%0Timeline
CNHCNH INDL N VQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 80,000 shares; 2024Q4: 80,000 shares; 2025Q1: 80,000 shares; 2025Q2: 80,000 shares; 2025Q3: 80,000 shares 80,000$80K0.06%0Timeline

Options

Puts and calls, as filed. The amount and value describe the underlying shares, not the option premium, so they stay out of % of portfolio (H5).

SecurityTypeAmountValueChange
BGBUNGE GLOBAL SA Stockput100,000$8.12M-50,000
DARDARLING INGREDIENTS INC Stockcall200,000$6.17Mnew
ANDEANDERSONS INC Stockcall100,000$3.98Mnew
DARDARLING INGREDIENTS INC Stockput100,000$3.09M-200,000
AVOMISSION PRODUCE INC COMcall200,000$2.4M0
OECORION S.A. COMcall300,000$2.27M-600,000

Sold out in Q3 2025

Positions in the previous quarter's report that this quarter's report no longer lists.

SecurityShares beforeValue beforeType
MEOHMETHANEX CORP450,000$14.9Mcall
ADMARCHER DANIELS MIDLAND CO196,708$10.4Mshares
ADMARCHER DANIELS MIDLAND CO100,000$5.28Mput
CFCF INDUSTRIES HOLD50,000$4.6Mput
SFDSMITHFIELD FOODS INC114,800$2.7Mshares
JBSJBS N.V.75,000$1.1Mshares
FMCFMC CORP25,000$1.04Mshares
NTRNUTRIEN LTD10,000$582Kshares

How Q3 2025 was built

Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).

FilingRoleAmendmentFiledAcceptedIngested
13F-HR 0001803088-25-000010 base2025-11-14acceptance time not in the bulk data set