# Walnut Level Capital LLC

> Walnut Level Capital LLC is an SEC-registered investment advisory firm in Denver, CO, registered since 2023, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated June 1, 2026.

- CRD: 307942
- Filed as: WALNUT LEVEL CAPITAL LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Denver, CO
- Filing period: October 2026
- Form ADV filing dated: June 1, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/307942
- AdvisorCensus page: https://advisorcensus.com/firm/walnut-level-capital-llc-denver-co-307942

## Quick answers

**How is Walnut Level Capital LLC compensated?**
On its Form ADV (Item 5.E, October 2026), Walnut Level Capital LLC reports these compensation arrangements: a percentage of assets under its management; performance-based fees.

**Where is Walnut Level Capital LLC located?**
Walnut Level Capital LLC's principal office is in Denver, CO, according to its Form ADV.

**Is Walnut Level Capital LLC registered with the SEC or a state?**
Walnut Level Capital LLC is an SEC-registered investment advisory firm, registered since 2023. Status as filed: Approved. CRD 307942.

**How much does Walnut Level Capital LLC manage?**
Walnut Level Capital LLC reports $119,235,048 in regulatory assets under management in its Form ADV filing dated June 1, 2026 (100% discretionary).

**How have Walnut Level Capital LLC's assets and staff changed since 2021?**
In the Form ADV data for Walnut Level Capital LLC: Regulatory assets under management: $50,000,000 in the October 2023 data and $119,235,048 in the October 2026 data, up 138%. Total employees: 3 in October 2023 and 3 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Walnut Level Capital LLC serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (4).

**Does Walnut Level Capital LLC report any disciplinary disclosures?**
Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/307942

**What changed in Walnut Level Capital LLC's recent Form ADV filings?**
In the April 2026 filing data: Regulatory assets under management went from $251,534,465 to $119,235,048 (-53%). Employees performing advisory functions went from 3 to 2.

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Performance-based fees

### Regulatory assets under management (Item 5.F)
- Total: $119,235,048
- Discretionary: $119,235,048
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Pooled investment vehicles (other than investment companies and business development companies) | 4 | $119,235,048 |

### Advisory services (Item 5.G)
- Portfolio management for pooled investment vehicles (other than investment companies)

### Firm details
- Registered since: 2023 (3 years)
- Employees: 3 total, 2 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: CO
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- walnutlevel.com

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | Not reported | Not reported | March 1, 2021 |
| October 2022 | Not reported | Not reported | February 9, 2022 |
| October 2023 | $50,000,000 | 3 | July 5, 2023 |
| October 2024 | $186,174,964 | 3 | June 20, 2024 |
| October 2025 | $251,534,465 | 4 | June 12, 2025 |
| October 2026 | $119,235,048 | 3 | June 1, 2026 |

Regulatory assets under management: $50,000,000 in the October 2023 data and $119,235,048 in the October 2026 data, up 138%.
Total employees: 3 in October 2023 and 3 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Regulatory assets under management went from $251,534,465 to $119,235,048 (-53%).
- Employees performing advisory functions went from 3 to 2.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Walnut Level Capital LLC (CRD 307942): Form ADV filing data as of October 2026.