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Walnut Level Capital LLC

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13F filer, CIK 1803088, DENVER, CO

Walnut Level Capital LLC reported $146,709,102 across 37 holdings for the quarter ended 2025-12-31, in a 13F-HR filed 2026-02-17. Its ten largest share positions make up 78.12% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001803088-26-000002

Period
2025-12-31
Reported value
$147M
Holdings
37
Top 10 weight
78.12%
New
4
Sold out
4

Largest buys vs the previous quarter

SecurityShares changeApprox. value
SFDnew+380,915$8.51M
FULadded+42,505$2.53M
JBSnew+152,048$2.19M
SWnew+41,813$1.62M
DARadded+41,684$1.5M

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
ANDEreduced-225,831-$12M
PPGreduced-62,910-$6.45M
OECexited-596,031-$4.52M
WLKreduced-46,275-$3.42M
AVOreduced-285,238-$3.31M

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, Q4 2025

Share positions as resolved from 13F-HR 0001803088-26-000002, largest first. % of portfolio is the value over $125,332,136, 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; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 190,168 shares; 2025Q3: 574,744 shares; 2025Q4: 348,913 shares 348,913$18.6M14.8%-225,831Timeline
MEOHMETHANEX CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 585,933 shares; 2024Q4: 631,102 shares; 2025Q1: 350,433 shares; 2025Q2: 292,066 shares; 2025Q3: 397,001 shares; 2025Q4: 402,532 shares 402,532$16M12.76%+5,531Timeline
DARDARLING INGREDIENTS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 100,000 shares; 2025Q1: 130,555 shares; 2025Q2: 193,255 shares; 2025Q3: 381,372 shares; 2025Q4: 423,056 shares 423,056$15.2M12.15%+41,684Timeline
BGBUNGE GLOBAL SAQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 25,000 shares; 2024Q4: 25,000 shares; 2025Q1: 25,000 shares; 2025Q2: 170,218 shares; 2025Q3: 158,568 shares; 2025Q4: 160,661 shares 160,661$14.3M11.42%+2,093Timeline
AVOMISSION PRODUCE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2025Q4: 790,381 shares 790,381$9.17M7.32%-285,238Timeline
SFDSMITHFIELD FOODS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 50,000 shares; 2025Q2: 114,800 shares; 2025Q3: not reported; 2025Q4: 380,915 shares 380,915$8.51M6.79%newTimeline
AVNTAVIENT CORPORATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 85,000 shares; 2025Q1: 251,517 shares; 2025Q2: 179,201 shares; 2025Q3: 299,862 shares; 2025Q4: 213,749 shares 213,749$6.68M5.33%-86,113Timeline
FULFULLER H B COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 15,000 shares; 2025Q4: 57,505 shares 57,505$3.42M2.73%+42,505Timeline
EMNEASTMAN CHEM COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 153,542 shares; 2024Q4: 161,042 shares; 2025Q1: 93,115 shares; 2025Q2: 91,061 shares; 2025Q3: 79,804 shares; 2025Q4: 52,807 shares 52,807$3.37M2.69%-26,997Timeline
CTVACORTEVA INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 40,000 shares; 2024Q4: 40,000 shares; 2025Q1: 40,000 shares; 2025Q2: 40,000 shares; 2025Q3: 40,000 shares; 2025Q4: 40,000 shares 40,000$2.68M2.14%0Timeline
PPCPILGRIMS PRIDE CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 65,000 shares; 2024Q4: 65,000 shares; 2025Q1: 75,000 shares; 2025Q2: 65,000 shares; 2025Q3: 65,000 shares; 2025Q4: 65,000 shares 65,000$2.53M2.02%0Timeline
REXREX AMERICAN RES CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 91,927 shares; 2024Q4: 35,586 shares; 2025Q1: 35,586 shares; 2025Q2: 35,586 shares; 2025Q3: 71,172 shares; 2025Q4: 71,172 shares 71,172$2.3M1.84%0Timeline
JBSJBS N.V.Quarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 75,000 shares; 2025Q3: not reported; 2025Q4: 152,048 shares 152,048$2.19M1.75%newTimeline
APDAIR PRODUCTS AND CHEMICALS IQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 50,392 shares; 2024Q4: 27,892 shares; 2025Q1: 8,495 shares; 2025Q2: 8,495 shares; 2025Q3: 8,495 shares; 2025Q4: 8,495 shares 8,495$2.1M1.67%0Timeline
MPMP MATERIALS CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 92,530 shares; 2024Q4: 95,000 shares; 2025Q1: 40,000 shares; 2025Q2: 40,000 shares; 2025Q3: 40,000 shares; 2025Q4: 40,000 shares 40,000$2.02M1.61%0Timeline
ECLECOLAB INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 7,523 shares; 2025Q1: 7,523 shares; 2025Q2: 7,523 shares; 2025Q3: 7,523 shares; 2025Q4: 7,523 shares 7,523$1.97M1.58%0Timeline
OLNOLIN CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 188,339 shares; 2024Q4: 111,000 shares; 2025Q1: 40,000 shares; 2025Q2: 40,000 shares; 2025Q3: 40,000 shares; 2025Q4: 78,012 shares 78,012$1.62M1.3%+38,012Timeline
SWSMURFIT WESTROCK PLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 65,000 shares; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 41,813 shares 41,813$1.62M1.29%newTimeline
AGROADECOAGRO S AQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 198,317 shares; 2024Q4: 198,317 shares; 2025Q1: 198,317 shares; 2025Q2: 198,317 shares; 2025Q3: 198,317 shares; 2025Q4: 198,317 shares 198,317$1.57M1.25%0Timeline
PPGPPG INDS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 57,954 shares; 2024Q4: 124,954 shares; 2025Q1: 42,754 shares; 2025Q2: 62,754 shares; 2025Q3: 78,017 shares; 2025Q4: 15,107 shares 15,107$1.55M1.24%-62,910Timeline
STKLSUNOPTA INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 325,000 shares; 2024Q4: 325,000 shares; 2025Q1: 325,000 shares; 2025Q2: 325,000 shares; 2025Q3: 325,000 shares; 2025Q4: 325,000 shares 325,000$1.24M0.99%0Timeline
DDDUPONT DE NEMOURS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 70,000 shares; 2024Q4: 115,674 shares; 2025Q1: 97,330 shares; 2025Q2: 55,500 shares; 2025Q3: 30,000 shares; 2025Q4: 30,000 shares 30,000$1.21M0.96%0Timeline
HUNHUNTSMAN CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 698,719 shares; 2024Q4: 679,719 shares; 2025Q1: 877,010 shares; 2025Q2: 85,000 shares; 2025Q3: 85,000 shares; 2025Q4: 85,000 shares 85,000$850K0.68%0Timeline
WLKWESTLAKE CORPORATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 45,000 shares; 2024Q4: 72,285 shares; 2025Q1: 92,500 shares; 2025Q2: not reported; 2025Q3: 57,679 shares; 2025Q4: 11,404 shares 11,404$843K0.67%-46,275Timeline
CFCF INDUSTRIES HOLDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 10,000 shares; 2025Q1: 10,000 shares; 2025Q2: 10,000 shares; 2025Q3: 10,000 shares; 2025Q4: 10,000 shares 10,000$773K0.62%0Timeline
TROXTRONOX HOLDINGS PLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 305,000 shares; 2024Q4: 455,742 shares; 2025Q1: 305,000 shares; 2025Q2: 180,000 shares; 2025Q3: 180,000 shares; 2025Q4: 180,000 shares 180,000$751K0.6%0Timeline
AXTAAXALTA COATING SYS LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 17,500 shares; 2024Q4: 17,500 shares; 2025Q1: 17,500 shares; 2025Q2: 17,500 shares; 2025Q3: 17,500 shares; 2025Q4: 17,500 shares 17,500$565K0.45%0Timeline
INGRINGREDION INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 5,000 shares; 2025Q1: 5,000 shares; 2025Q2: 5,000 shares; 2025Q3: 5,000 shares; 2025Q4: 5,000 shares 5,000$551K0.44%0Timeline
IFFINTERNATIONAL FLAVORS&FRAGRAQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 6,614 shares; 2025Q1: 6,614 shares; 2025Q2: 6,614 shares; 2025Q3: 6,614 shares; 2025Q4: 6,614 shares 6,614$446K0.36%0Timeline
ESIELEMENT SOLUTIONS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 80,000 shares; 2025Q3: 143,422 shares; 2025Q4: 13,036 shares 13,036$326K0.26%-130,386Timeline
CECELANESE CORP DELQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 55,000 shares; 2024Q4: 7,500 shares; 2025Q1: 7,500 shares; 2025Q2: 7,500 shares; 2025Q3: 7,500 shares; 2025Q4: 7,500 shares 7,500$317K0.25%0Timeline
CNHCNH INDL N VQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 80,000 shares; 2024Q4: 80,000 shares; 2025Q1: 80,000 shares; 2025Q2: 80,000 shares; 2025Q3: 80,000 shares; 2025Q4: 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$8.91M0
DARDARLING INGREDIENTS INC Stockput131,300$4.73M+31,300
ANDEANDERSONS INC Stockcall67,000$3.56M-33,000
USOUNITED STS OIL FD LP COMput50,000$3.46Mnew
OECORION S.A. COMcall136,700$722K-163,300

Sold out in Q4 2025

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

SecurityShares beforeValue beforeType
DARDARLING INGREDIENTS INC200,000$6.17Mcall
OECORION S.A.596,031$4.52Mshares
HRLHORMEL FOODS CORP105,000$2.6Mshares
AVOMISSION PRODUCE INC200,000$2.4Mcall

How Q4 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 0001803088-26-000002 base2026-02-17acceptance time not in the bulk data set