Walnut Level Capital 13F annual report

Walnut Level Capital is an investment fund managing more than $147 billion ran by Eric Brody. There are currently 34 companies in Mr. Brody’s portfolio. The largest investments include Methanex and Air Prods Chems Inc, together worth $39.7 billion.

Limited to 30 biggest holdings

$147 billion Assets Under Management (AUM)

As of 7th August 2024, Walnut Level Capital’s top holding is 430,126 shares of Methanex currently worth over $20.8 billion and making up 14.1% of the portfolio value. Relative to the number of outstanding shares of Methanex, Walnut Level Capital owns more than approximately 0.1% of the company. In addition, the fund holds 73,268 shares of Air Prods Chems Inc worth $18.9 billion. The third-largest holding is Ppg Inds Inc worth $14.1 billion and the next is Orion S.A worth $13.8 billion, with 626,982 shares owned.

Currently, Walnut Level Capital's portfolio is worth at least $147 billion. The total portfolio value may be much higher due to cash assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.

Careers at Walnut Level Capital

The Walnut Level Capital office and employees reside in Denver, Colorado. According to the last 13-F report filed with the SEC, Eric Brody serves as the Chief Operating Officer at Walnut Level Capital.

Recent trades

In the most recent 13F filing, Walnut Level Capital revealed that it had opened a new position in Hormel Foods and bought 195,000 shares worth $5.95 billion. This means they effectively own approximately 0.1% of the company. Hormel Foods makes up 28.4% of the fund's Consumer Staples sector allocation and has decreased its share price by 23.5% in the past year.

The investment fund also strengthened its position in Methanex by buying 96,623 additional shares. This makes their stake in Methanex total 430,126 shares worth $20.8 billion. Methanex soared 0.7% in the past year.

On the other hand, there are companies that Walnut Level Capital is getting rid of from its portfolio. Walnut Level Capital closed its position in Freeport-McMoRan Inc on 14th August 2024. It sold the previously owned 91,340 shares for $4.29 billion. Eric Brody also disclosed a decreased stake in DuPont de Nemours Inc by 0.6%. This leaves the value of the investment at $4.43 billion and 55,000 shares.

One of the smallest hedge funds

The two most similar investment funds to Walnut Level Capital are Ade and Reuter James Wealth Management. They manage $147 billion and $147 billion respectively.

Eric Brody investment strategy

Walnut Level Capital’s portfolio is diversified across 4 sectors. Currently, their heaviest sector is Materials — making up 44.8% of the total portfolio value. The fund focuses on investments in the United States as 55.9% of the portfolio companies are based in the United States.

The majority of the companies in the fund’s portfolio are large-cap stocks. Stocks with a size of more than $10 billion in market cap make up 29% of the total holdings value. On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio. The average market cap of the portfolio companies is close to $21.5 billion.

The complete list of Walnut Level Capital trades based on 13F SEC filings

These positions were updated on August 14th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.

Security	Shares Owned	Value	Allocation
Methanex Corp.	28.97% 430,126	$20,757,881,000	14.09%
Air Prods Chems Inc	30.85% 73,268	$18,906,807,000	12.83%
Ppg Inds Inc	129.57% 111,954	$14,093,889,000	9.56%
Orion S.A	28.27% 626,982	$13,755,985,000	9.33%
Eastman Chem Co	64.01% 132,659	$12,996,602,000	8.82%
Huntsman Corp	38.27% 470,100	$10,704,177,000	7.26%
Hormel Foods Corp.	Opened 195,000	$5,945,550,000	4.03%
Darling Ingredients Inc	Opened 148,633	$5,462,263,000	3.71%
DuPont de Nemours Inc	56.53% 55,000	$4,426,950,000	3.00%
Freeport-McMoRan Inc	Closed 91,340	$4,294,807,000
Mission Produce, Inc.	191.31% 335,004	$3,309,840,000	2.25%
Olin Corp.	75.00% 70,000	$3,300,500,000	2.24%
Lamb Weston Holdings Inc	Opened 34,584	$2,907,823,000	1.97%
Tronox Holdings plc	10.67% 180,000	$2,824,200,000	1.92%
Bunge Global SA	No change 25,000	$2,669,250,000	1.81%
Pilgrims Pride Corp	63.63% 65,000	$2,501,850,000	1.70%
Adecoagro S.A.	25.36% 241,317	$2,348,014,000	1.59%
Sherwin-Williams Co.	Opened 7,500	$2,238,225,000	1.52%
Cf Inds Hldgs Inc	200.00% 30,000	$2,223,600,000	1.51%
Corteva Inc	No change 40,000	$2,157,600,000	1.46%
MP Materials Corp.	313.75% 165,500	$2,106,815,000	1.43%
Ecolab, Inc.	No change 7,523	$1,790,474,000	1.22%
Sunopta, Inc.	No change 325,000	$1,755,000,000	1.19%
Rex American Res Corp	26.00% 35,586	$1,622,366,000	1.10%
Ero Copper Corp	Closed 75,575	$1,457,813,000
Tyson Foods, Inc.	Opened 25,000	$1,428,500,000	0.97%
Mosaic Co New	Opened 42,500	$1,228,250,000	0.83%
Celanese Corp	No change 7,500	$1,011,675,000	0.69%
Chemours Company	Opened 42,788	$965,725,000	0.66%
International Flavorsfragra	No change 6,614	$629,719,000	0.43%
Axalta Coating Sys Ltd	No change 17,500	$597,975,000	0.41%
Ingredion Inc	90.10% 5,000	$573,500,000	0.39%
Ivanhoe Electric Inc	Closed 21,500	$210,700,000
Cnh Indl N V	No change 80,000	$80,000,000	0.05%
Linde Plc.	Opened 54	$23,696,000	0.02%
General Mls Inc	Opened 162	$10,248,000	0.01%
Andersons Inc.	Opened 163	$8,085,000	0.01%
No transactions found
Showing first 500 out of 37 holdings