Walnut Level Capital LLC Hedge Fund

Location: Denver, CO

CIK: 0001803088 · Show all filings

Period: Q4 2024 (← Previous) (Next →)

Filing Date: Feb 11, 2025

Total Value: $262M (100.0% shares, 0.0% debt)

Holdings (45)

MEOH METHANEX CORP 12.0%

Value $31.52M Shares 631,102 Est. Cost $44.96 Unrealized -2.2%

— METHANEX CORP 9.5%

Value $24.97M Shares 500,000 Est. Cost — Unrealized —

PPG PPG INDS INC 5.7%

Value $14.93M Shares 124,954 Est. Cost $124.87 Unrealized -2.7%

EMN EASTMAN CHEM CO 5.6%

Value $14.71M Shares 161,042 Est. Cost $83.27 Unrealized +16.9%

SPY SPDR S&P 500 ETF TR 5.6%

Value $14.65M Shares 25,000 Est. Cost — Unrealized —

HUN HUNTSMAN CORP 4.7%

Value $12.26M Shares 679,719 Est. Cost $23.68 Unrealized -12.0%

OEC ORION S.A. 4.4%

Value $11.43M Shares 724,113 Est. Cost $20.93 Unrealized -19.3%

IWM ISHARES TR 4.2%

Value $11.05M Shares 50,000 Est. Cost — Unrealized —

— ORION S.A. 3.6%

Value $9.474M Shares 600,000 Est. Cost — Unrealized —

— HORMEL FOODS CORP 3.6%

Value $9.411M Shares 300,000 Est. Cost — Unrealized —

DD DUPONT DE NEMOURS INC 3.4%

Value $8.82M Shares 115,674 Est. Cost $31.41 Unrealized +7.8%

AVO MISSION PRODUCE INC 3.2%

Value $8.449M Shares 587,970 Est. Cost $11.79 Unrealized +9.6%

WLK WESTLAKE CORPORATION 3.2%

Value $8.287M Shares 72,285 Est. Cost $134.39 Unrealized -6.0%

HRL HORMEL FOODS CORP 3.1%

Value $8.156M Shares 260,000 Est. Cost $31.03 Unrealized -3.2%

APD AIR PRODS & CHEMS INC 3.1%

Value $8.09M Shares 27,892 Est. Cost $253.30 Unrealized +20.0%

DOW DOW INC 2.4%

Value $6.32M Shares 157,500 Est. Cost $42.94 Unrealized 0.0%

TROX TRONOX HOLDINGS PLC 1.7%

Value $4.589M Shares 455,742 Est. Cost $12.88 Unrealized -5.5%

AVO MISSION PRODUCE INC 1.6%

Value $4.311M Shares 300,000 Est. Cost $11.79 Unrealized +9.6%

CCK CROWN HLDGS INC 1.6%

Value $4.135M Shares 50,000 Est. Cost $89.91 Unrealized 0.0%

OLN OLIN CORP 1.4%

Value $3.752M Shares 111,000 Est. Cost $44.57 Unrealized -9.8%

— HUNTSMAN CORP 1.4%

Value $3.606M Shares 200,000 Est. Cost — Unrealized —

SW SMURFIT WESTROCK PLC 1.3%

Value $3.501M Shares 65,000 Est. Cost $49.43 Unrealized 0.0%

AVNT AVIENT CORPORATION 1.3%

Value $3.473M Shares 85,000 Est. Cost $46.75 Unrealized 0.0%

DAR DARLING INGREDIENTS INC 1.3%

Value $3.369M Shares 100,000 Est. Cost $37.80 Unrealized 0.0%

PPC PILGRIMS PRIDE CORP 1.1%

Value $2.95M Shares 65,000 Est. Cost $25.45 Unrealized +91.3%

STKL SUNOPTA INC 1.0%

Value $2.502M Shares 325,000 Est. Cost $4.38 Unrealized +61.5%

ENTG ENTEGRIS INC 0.9%

Value $2.328M Shares 23,500 Est. Cost $104.86 Unrealized 0.0%

CTVA CORTEVA INC 0.9%

Value $2.278M Shares 40,000 Est. Cost $46.55 Unrealized +25.5%

— TRONOX HOLDINGS PLC 0.8%

Value $2.014M Shares 200,000 Est. Cost — Unrealized —

BG BUNGE GLOBAL SA 0.7%

Value $1.944M Shares 25,000 Est. Cost $88.20 Unrealized -4.2%

AGRO ADECOAGRO S A 0.7%

Value $1.87M Shares 198,317 Est. Cost $10.16 Unrealized +4.6%

ECL ECOLAB INC 0.7%

Value $1.763M Shares 7,523 Est. Cost $245.53 Unrealized 0.0%

NGVT INGEVITY CORP 0.6%

Value $1.63M Shares 40,000 Est. Cost $41.64 Unrealized 0.0%

REX REX AMERICAN RES CORP 0.6%

Value $1.484M Shares 35,586 Est. Cost $21.70 Unrealized +1.8%

MP MP MATERIALS CORP 0.6%

Value $1.482M Shares 95,000 Est. Cost $16.09 Unrealized +15.2%

CC CHEMOURS CO 0.5%

Value $1.352M Shares 80,000 Est. Cost $21.79 Unrealized -14.6%

SSD SIMPSON MFG INC 0.5%

Value $1.244M Shares 7,500 Est. Cost $181.55 Unrealized 0.0%

CF CF INDS HLDGS INC 0.3%

Value $853K Shares 10,000 Est. Cost $84.24 Unrealized 0.0%

INGR INGREDION INC 0.3%

Value $688K Shares 5,000 Est. Cost $140.75 Unrealized 0.0%

AXTA AXALTA COATING SYS LTD 0.2%

Value $599K Shares 17,500 Est. Cost $29.95 Unrealized +25.7%

IFF INTERNATIONAL FLAVORS&FRAGRA 0.2%

Value $559K Shares 6,614 Est. Cost $91.45 Unrealized 0.0%

CE CELANESE CORP DEL 0.2%

Value $519K Shares 7,500 Est. Cost $129.81 Unrealized -26.3%

— DARLING INGREDIENTS INC 0.2%

Value $505K Shares 15,000 Est. Cost — Unrealized —

CX CEMEX SAB DE CV 0.2%

Value $423K Shares 75,000 Est. Cost $5.64 Unrealized —

CNH CNH INDL N V 0.0%

Value $80,000 Shares 80,000 Est. Cost $10.52 Unrealized +6.1%

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
MEOH	METHANEX CORP	631,102	$31.52M	12.0%	$44.96	-2.2%	COM	59151K108
—	METHANEX CORP	500,000	$24.97M	9.5%	—	—	Call	59151K908
PPG	PPG INDS INC	124,954	$14.93M	5.7%	$124.87	-2.7%	COM	693506107
EMN	EASTMAN CHEM CO	161,042	$14.71M	5.6%	$83.27	+16.9%	COM	277432100
SPY	SPDR S&P 500 ETF TR	25,000	$14.65M	5.6%	—	—	Put	78462F103
HUN	HUNTSMAN CORP	679,719	$12.26M	4.7%	$23.68	-12.0%	COM	447011107
OEC	ORION S.A.	724,113	$11.43M	4.4%	$20.93	-19.3%	COM	L72967109
IWM	ISHARES TR	50,000	$11.05M	4.2%	—	—	Put	464287655
—	ORION S.A.	600,000	$9.474M	3.6%	—	—	Call	L72967909
—	HORMEL FOODS CORP	300,000	$9.411M	3.6%	—	—	Call	440452900
DD	DUPONT DE NEMOURS INC	115,674	$8.82M	3.4%	$31.41	+7.8%	COM	26614N102
AVO	MISSION PRODUCE INC	587,970	$8.449M	3.2%	$11.79	+9.6%	COM	60510V108
WLK	WESTLAKE CORPORATION	72,285	$8.287M	3.2%	$134.39	-6.0%	COM	960413102
HRL	HORMEL FOODS CORP	260,000	$8.156M	3.1%	$31.03	-3.2%	COM	440452100
APD	AIR PRODS & CHEMS INC	27,892	$8.09M	3.1%	$253.30	+20.0%	COM	009158106
DOW	DOW INC	157,500	$6.32M	2.4%	$42.94	0.0%	COM	260557103
TROX	TRONOX HOLDINGS PLC	455,742	$4.589M	1.7%	$12.88	-5.5%	SHS	G9087Q102
AVO	MISSION PRODUCE INC	300,000	$4.311M	1.6%	$11.79	+9.6%	Call	60510V108
CCK	CROWN HLDGS INC	50,000	$4.135M	1.6%	$89.91	0.0%	COM	228368106
OLN	OLIN CORP	111,000	$3.752M	1.4%	$44.57	-9.8%	COM PAR $1	680665205
—	HUNTSMAN CORP	200,000	$3.606M	1.4%	—	—	Call	447011907
SW	SMURFIT WESTROCK PLC	65,000	$3.501M	1.3%	$49.43	0.0%	SHS	G8267P108
AVNT	AVIENT CORPORATION	85,000	$3.473M	1.3%	$46.75	0.0%	COM	05368V106
DAR	DARLING INGREDIENTS INC	100,000	$3.369M	1.3%	$37.80	0.0%	COM	237266101
PPC	PILGRIMS PRIDE CORP	65,000	$2.95M	1.1%	$25.45	+91.3%	COM	72147K108
STKL	SUNOPTA INC	325,000	$2.502M	1.0%	$4.38	+61.5%	COM	8676EP108
ENTG	ENTEGRIS INC	23,500	$2.328M	0.9%	$104.86	0.0%	COM	29362U104
CTVA	CORTEVA INC	40,000	$2.278M	0.9%	$46.55	+25.5%	COM	22052L104
—	TRONOX HOLDINGS PLC	200,000	$2.014M	0.8%	—	—	Call	G9087Q902
BG	BUNGE GLOBAL SA	25,000	$1.944M	0.7%	$88.20	-4.2%	COM SHS	H11356104
AGRO	ADECOAGRO S A	198,317	$1.87M	0.7%	$10.16	+4.6%	COM	L00849106
ECL	ECOLAB INC	7,523	$1.763M	0.7%	$245.53	0.0%	COM	278865100
NGVT	INGEVITY CORP	40,000	$1.63M	0.6%	$41.64	0.0%	COM	45688C107
REX	REX AMERICAN RES CORP	35,586	$1.484M	0.6%	$21.70	+1.8%	COM	761624105
MP	MP MATERIALS CORP	95,000	$1.482M	0.6%	$16.09	+15.2%	COM CL A	553368101
CC	CHEMOURS CO	80,000	$1.352M	0.5%	$21.79	-14.6%	COM	163851108
SSD	SIMPSON MFG INC	7,500	$1.244M	0.5%	$181.55	0.0%	COM	829073105
CF	CF INDS HLDGS INC	10,000	$853K	0.3%	$84.24	0.0%	COM	125269100
INGR	INGREDION INC	5,000	$688K	0.3%	$140.75	0.0%	COM	457187102
AXTA	AXALTA COATING SYS LTD	17,500	$599K	0.2%	$29.95	+25.7%	COM	G0750C108
IFF	INTERNATIONAL FLAVORS&FRAGRA	6,614	$559K	0.2%	$91.45	0.0%	COM	459506101
CE	CELANESE CORP DEL	7,500	$519K	0.2%	$129.81	-26.3%	COM	150870103
—	DARLING INGREDIENTS INC	15,000	$505K	0.2%	—	—	Call	237266901
CX	CEMEX SAB DE CV	75,000	$423K	0.2%	$5.64	—	SPON ADR NEW	151290889
CNH	CNH INDL N V	80,000	$80,000	0.0%	$10.52	+6.1%	SHS	N20944109