Millennium Management is among one of the most popular investment firms with investment career of over 25 years and as on October 31, 2014 the firm had over $24.1 billion worth of assets under management. The recent SEC 13F filing of Millennium Management on November 14 highlights its primary stock investments including Baker Hughes Incorporated (NYSE:BHI), Anadarko Petroleum Corporation (NYSE:APC), Teva Pharmaceutical Industries Ltd (ADR) (NYSE:TEVA).
Baker Hughes Incorporated (NYSE:BHI) is the primary stock investment of Millennium Management with 6,155,711 shares of the company at market value of $400 million. The directors of Baker Hughes Incorporated (NYSE:BHI) have agreed for a $35 billion takeover bid from Halliburton Company (NYSE:HAL). These two companies with combined assets and market share are likely to dominate petroleum service industry along with Schlumberger Limited. (NYSE:SLB). The shares of Baker Hughes Incorporated (NYSE:BHI) closed at $63.99 in the extended hour trading on November 18, 2014.
Anadarko Petroleum Corporation (NYSE:APC) is the second largest stock investment of Millennium Management with investments worth $335 million and 3,310,058 shares of the company. Anadarko Petroleum Corporation (NYSE:APC) announced its third quarter 2014 financial results with net income of $2.12 (diluted) per share. Some of the primary investors of Anadarko Petroleum Corporation (NYSE:APC) include Mason Capital Management, Soroban Capital Partners, and Elliott Management.
The third largest stock holding of Millennium Management include Teva Pharmaceutical Industries Ltd (ADR) (NYSE:TEVA) with 5,206,942 shares of the company at current market value of $279 million. Teva Pharmaceutical Industries Ltd (ADR) (NYSE:TEVA) announced its third quarter 2014 financial results with revenues of $5.1 billion and earnings per share of $1.02. The pharmaceutical company reported growth of over 200% in its net cash flow from operations at $1.4 billion. Some of the primary investors of the company include Point State Capital, Soros Fund Management, and Highfields Capital Management.
This article has been written by Prakash Pandey.
