Walnut Level Capital LLC
Walnut Level Capital LLC is a hedge fund manager headquartered in Denver, Colorado. The firm was founded in 2019 by Charles Antrim and currently manages assets for pooled investment vehicles, primarily serving institutional investors. As of June 2025, Walnut Level Capital has approximately 4 employees, three of whom are investment professionals. The firm's regulatory filings indicate its investment activities are registered with the SEC, and it maintains a focus on value-driven strategies within US and global equities, often reporting its positions via Form 13F filings.
Investment Strategy
Walnut Level Capital LLC adopts a fundamental, research-intensive approach to investment management, focusing on undervalued and event-driven opportunities across US and global equities. The firm primarily manages assets for pooled investment vehicles, employing discretionary strategies to construct concentrated portfolios in sectors such as chemicals, agribusiness, industrials, and specialty materials, as evidenced by their holdings in firms like Bunge Global, Methanex, Darling International, and Orion Engineered Carbons. The investment philosophy emphasizes capital preservation, disciplined risk management, and deep industry analysis.
Latest 13F Filing Activity
Walnut Level Capital LLC filed their most recent 13F report on Jun 30, 2025 disclosing 33 equity positions and 7 options positions with a total 13F market value of $185M. The fund increased holdings in Bunge Global SA, Archer Daniels Midland Co., Andersons Inc. among other positions. Walnut Level Capital LLC reduced exposure to Huntsman Corp., Westlake Corporation, Orion S.A. among others.
Top Holdings
Equity Positions (33)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
B BG | BUNGE GLOBAL SA | 7.39% | $13.7M | 170,218 | $83.51 | $80.28 | +$11.8M |
A AVO | MISSION PRODUCE INC | 6.70% | $12.4M | 1,056,373 | $11.42 | $11.72 | +$1.9M |
A ADM | ARCHER DANIELS MIDLAND CO | 5.61% | $10.4M | 196,708 | $52.78 | $52.78 | +$10.4M |
M MEOH | METHANEX CORP | 5.23% | $9.7M | 292,066 | $45.69 | $33.10 | -$2.6M |
O OEC | ORION S.A. | 4.70% | $8.7M | 828,829 | $19.24 | $10.49 | -$4.4M |
Options Positions (7)
| Ticker | Security | Action | Type | Notional Value | Contracts | Underlying Price | Premium Paid | Change (Contracts) | Change (Value) |
|---|---|---|---|---|---|---|---|---|---|
M MEOH | METHANEX CORP | Sold | Call | $14.9M | 4,500 | $33.10 | $35.09 | -5,508 | -$20.2M |
B BG | BUNGE GLOBAL SA | New | Put | $12.0M | 1,500 | $80.28 | $80.28 | +1,500 | +$12.0M |
D DAR | DARLING INGREDIENTS INC | New | Put | $11.4M | 3,000 | $37.94 | $37.94 | +3,000 | +$11.4M |
O OEC | ORION S.A. | Bought | Call | $9.4M | 9,000 | $10.49 | $11.03 | +7,000 | +$6.9M |
A ADM | ARCHER DANIELS MIDLAND CO | New | Put | $5.3M | 1,000 | $52.78 | $52.78 | +1,000 | +$5.3M |
Industry Allocation
Investment Team (1)
| Name | Role | Location | |
|---|---|---|---|
 | Research Analyst | Denver, CO , United States |