Walnut Level Capital LLC Hedge Fund

Location: Denver, CO

CIK: 0001803088 · Show all filings

Period: Q4 2025 (← Previous) (Next →)

Filing Date: Feb 17, 2026

Total Value: $147M (100.0% shares, 0.0% debt)

Holdings (37)

ANDE ANDERSONS INC 12.6%

Value $18.55M Shares 348,913 Est. Cost $37.50 Unrealized +30.0%

MEOH METHANEX CORP 10.9%

Value $15.99M Shares 402,532 Est. Cost $42.40 Unrealized -12.3%

DAR DARLING INGREDIENTS INC 10.4%

Value $15.23M Shares 423,056 Est. Cost $34.53 Unrealized -2.0%

BG BUNGE GLOBAL SA 9.8%

Value $14.31M Shares 160,661 Est. Cost $78.90 Unrealized +16.4%

AVO MISSION PRODUCE INC 6.2%

Value $9.168M Shares 790,381 Est. Cost $11.70 Unrealized +2.4%

BG BUNGE GLOBAL SA 6.1%

Value $8.908M Shares 100,000 Est. Cost $78.90 Unrealized +16.4%

SFD SMITHFIELD FOODS INC 5.8%

Value $8.506M Shares 380,915 Est. Cost $21.88 Unrealized 0.0%

AVNT AVIENT CORPORATION 4.6%

Value $6.678M Shares 213,749 Est. Cost $39.12 Unrealized -21.5%

DAR DARLING INGREDIENTS INC 3.2%

Value $4.727M Shares 131,300 Est. Cost $34.53 Unrealized -2.0%

ANDE ANDERSONS INC 2.4%

Value $3.562M Shares 67,000 Est. Cost $37.50 Unrealized +30.0%

USO UNITED STS OIL FD LP 2.4%

Value $3.458M Shares 50,000 Est. Cost — Unrealized —

FUL FULLER H B CO 2.3%

Value $3.419M Shares 57,505 Est. Cost $58.79 Unrealized -0.5%

EMN EASTMAN CHEM CO 2.3%

Value $3.371M Shares 52,807 Est. Cost $83.27 Unrealized -26.8%

CTVA CORTEVA INC 1.8%

Value $2.681M Shares 40,000 Est. Cost $46.55 Unrealized +38.7%

PPC PILGRIMS PRIDE CORP 1.7%

Value $2.534M Shares 65,000 Est. Cost $28.73 Unrealized +33.8%

REX REX AMERICAN RES CORP 1.6%

Value $2.3M Shares 71,172 Est. Cost $25.09 Unrealized +29.8%

JBS JBS N.V. 1.5%

Value $2.193M Shares 152,048 Est. Cost $13.74 Unrealized 0.0%

APD AIR PRODS & CHEMS INC 1.4%

Value $2.098M Shares 8,495 Est. Cost $253.30 Unrealized -0.7%

MP MP MATERIALS CORP 1.4%

Value $2.021M Shares 40,000 Est. Cost $16.09 Unrealized +294.0%

ECL ECOLAB INC 1.3%

Value $1.975M Shares 7,523 Est. Cost $245.53 Unrealized +8.2%

OLN OLIN CORP 1.1%

Value $1.625M Shares 78,012 Est. Cost $33.30 Unrealized -35.6%

SW SMURFIT WESTROCK PLC 1.1%

Value $1.617M Shares 41,813 Est. Cost $38.13 Unrealized 0.0%

AGRO ADECOAGRO S A 1.1%

Value $1.573M Shares 198,317 Est. Cost $10.16 Unrealized -22.7%

PPG PPG INDS INC 1.1%

Value $1.548M Shares 15,107 Est. Cost $117.21 Unrealized -14.6%

STKL SUNOPTA INC 0.8%

Value $1.235M Shares 325,000 Est. Cost $4.38 Unrealized +3.7%

DD DUPONT DE NEMOURS INC 0.8%

Value $1.206M Shares 30,000 Est. Cost $31.41 Unrealized +19.0%

HUN HUNTSMAN CORP 0.6%

Value $850K Shares 85,000 Est. Cost $22.18 Unrealized -58.7%

WLK WESTLAKE CORPORATION 0.6%

Value $843K Shares 11,404 Est. Cost $82.33 Unrealized -14.0%

CF CF INDS HLDGS INC 0.5%

Value $773K Shares 10,000 Est. Cost $84.24 Unrealized -2.7%

TROX TRONOX HOLDINGS PLC 0.5%

Value $751K Shares 180,000 Est. Cost $12.88 Unrealized -70.4%

OEC ORION S.A. 0.5%

Value $722K Shares 136,700 Est. Cost $18.99 Unrealized -71.4%

AXTA AXALTA COATING SYS LTD 0.4%

Value $565K Shares 17,500 Est. Cost $29.95 Unrealized -2.1%

INGR INGREDION INC 0.4%

Value $551K Shares 5,000 Est. Cost $140.75 Unrealized -19.9%

IFF INTERNATIONAL FLAVORS&FRAGRA 0.3%

Value $446K Shares 6,614 Est. Cost $91.45 Unrealized -29.6%

ESI ELEMENT SOLUTIONS INC 0.2%

Value $326K Shares 13,036 Est. Cost $22.56 Unrealized +14.9%

CE CELANESE CORP DEL 0.2%

Value $317K Shares 7,500 Est. Cost $129.81 Unrealized -68.6%

CNH CNH INDL N V 0.1%

Value $80,000 Shares 80,000 Est. Cost $10.52 Unrealized -5.1%

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
ANDE	ANDERSONS INC	348,913	$18.55M	12.6%	$37.50	+30.0%	COM	034164103
MEOH	METHANEX CORP	402,532	$15.99M	10.9%	$42.40	-12.3%	COM	59151K108
DAR	DARLING INGREDIENTS INC	423,056	$15.23M	10.4%	$34.53	-2.0%	COM	237266101
BG	BUNGE GLOBAL SA	160,661	$14.31M	9.8%	$78.90	+16.4%	COM SHS	H11356104
AVO	MISSION PRODUCE INC	790,381	$9.168M	6.2%	$11.70	+2.4%	COM	60510V108
BG	BUNGE GLOBAL SA	100,000	$8.908M	6.1%	$78.90	+16.4%	Put	H11356104
SFD	SMITHFIELD FOODS INC	380,915	$8.506M	5.8%	$21.88	0.0%	COM	832248207
AVNT	AVIENT CORPORATION	213,749	$6.678M	4.6%	$39.12	-21.5%	COM	05368V106
DAR	DARLING INGREDIENTS INC	131,300	$4.727M	3.2%	$34.53	-2.0%	Put	237266101
ANDE	ANDERSONS INC	67,000	$3.562M	2.4%	$37.50	+30.0%	Call	034164103
USO	UNITED STS OIL FD LP	50,000	$3.458M	2.4%	—	—	Put	91232N207
FUL	FULLER H B CO	57,505	$3.419M	2.3%	$58.79	-0.5%	COM	359694106
EMN	EASTMAN CHEM CO	52,807	$3.371M	2.3%	$83.27	-26.8%	COM	277432100
CTVA	CORTEVA INC	40,000	$2.681M	1.8%	$46.55	+38.7%	COM	22052L104
PPC	PILGRIMS PRIDE CORP	65,000	$2.534M	1.7%	$28.73	+33.8%	COM	72147K108
REX	REX AMERICAN RES CORP	71,172	$2.3M	1.6%	$25.09	+29.8%	COM	761624105
JBS	JBS N.V.	152,048	$2.193M	1.5%	$13.74	0.0%	CL A SHS	N4732M103
APD	AIR PRODS & CHEMS INC	8,495	$2.098M	1.4%	$253.30	-0.7%	COM	009158106
MP	MP MATERIALS CORP	40,000	$2.021M	1.4%	$16.09	+294.0%	COM CL A	553368101
ECL	ECOLAB INC	7,523	$1.975M	1.3%	$245.53	+8.2%	COM	278865100
OLN	OLIN CORP	78,012	$1.625M	1.1%	$33.30	-35.6%	COM PAR $1	680665205
SW	SMURFIT WESTROCK PLC	41,813	$1.617M	1.1%	$38.13	0.0%	SHS	G8267P108
AGRO	ADECOAGRO S A	198,317	$1.573M	1.1%	$10.16	-22.7%	COM	L00849106
PPG	PPG INDS INC	15,107	$1.548M	1.1%	$117.21	-14.6%	COM	693506107
STKL	SUNOPTA INC	325,000	$1.235M	0.8%	$4.38	+3.7%	COM	8676EP108
DD	DUPONT DE NEMOURS INC	30,000	$1.206M	0.8%	$31.41	+19.0%	COM	26614N102
HUN	HUNTSMAN CORP	85,000	$850K	0.6%	$22.18	-58.7%	COM	447011107
WLK	WESTLAKE CORPORATION	11,404	$843K	0.6%	$82.33	-14.0%	COM	960413102
CF	CF INDS HLDGS INC	10,000	$773K	0.5%	$84.24	-2.7%	COM	125269100
TROX	TRONOX HOLDINGS PLC	180,000	$751K	0.5%	$12.88	-70.4%	SHS	G9087Q102
OEC	ORION S.A.	136,700	$722K	0.5%	$18.99	-71.4%	Call	L72967109
AXTA	AXALTA COATING SYS LTD	17,500	$565K	0.4%	$29.95	-2.1%	COM	G0750C108
INGR	INGREDION INC	5,000	$551K	0.4%	$140.75	-19.9%	COM	457187102
IFF	INTERNATIONAL FLAVORS&FRAGRA	6,614	$446K	0.3%	$91.45	-29.6%	COM	459506101
ESI	ELEMENT SOLUTIONS INC	13,036	$326K	0.2%	$22.56	+14.9%	COM	28618M106
CE	CELANESE CORP DEL	7,500	$317K	0.2%	$129.81	-68.6%	COM	150870103
CNH	CNH INDL N V	80,000	$80,000	0.1%	$10.52	-5.1%	SHS	N20944109