In a candid and wide-ranging conversation, David and Nikki explore how she builds a concentrated portfolio of 10–20 global leaders, the role of AI, robotics, and digitalisation in shaping long-term investment themes and Magellan's outlook for key holdings including Novo Nordisk, Visa, and Microsoft.
The Power of Focus: Running a 20-Stock Global Portfolio
In this episode of Inside the Rope, David Clark is joined by Nikki Thomas, one of Australia's most respected global equity investors and Portfolio Manager at Magellan.



Inside the Rope Podcast
The Power of Focus: Running a 20-Stock Global Portfolio
July 22, 2025
In this episode of Inside the Rope, David Clark is joined by Nikki Thomas, one of Australia's most respected global equity investors and Portfolio Manager at Magellan.Read Transcript
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Understanding the 4 pillar framework underpinning a high conviction strategy
Listen to episode one with Chief Investment Officer Charlie Lanchester and TDM Growth Partners Investment Team Members Ed Cowan and Fraser Christie. They share their unique investment philosophies and delve into two high conviction stocks recommended for the HM1 portfolio.
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