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About Us
Leadership
Annual Letters
Returns
Disclosures
Contact us

Home
About Us
Leadership
Annual Letters
Returns
Disclosures
Contact us

Home
About Us
Leadership
Annual Letters
Returns
Disclosures
Contact us

Home
About Us
Leadership
Annual Letters
Returns
Disclosures
Contact us

Annual Letters

Year	Period	PDF
2025	CY 2025	View PDF
2024	CY 2024	View PDF
2023	CY 2023	View PDF
2022	CY 2022	View PDF
2021	CY 2021	View PDF

Gondolin Capital is a Boston-based investment firm founded in 2021 by Adam Ballantyne. The firm was founded in order to produce investment returns significantly ahead of the many broader market indices. Gondolin takes a bottoms-up, fundamental approach to value investing, with a concentrated portfolio and contrarian investment ideas leading to outsized returns for investors. Our focus is mostly in domestic equity securities, with a long-biased portfolio across various industries and market cycles. Gondolin's opportunistic approach utilizes a non-leveraged, cash-rich balance sheet and maintains a long-term view of all its holdings.

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