Here’s Why Gaming and Leisure Properties (GLPI) is a Dividend Favorite Among the Smart Money Set

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In terms of overall hedge fund activity, 40 funds in our system owned $1.01 billion worth of Gaming and Leisure Properties Inc (NASDAQ:GLPI) shares on June 30, which accounted for 20.00% of the float, which was notably down from 59 funds with $1.32 billion in holdings on March 31. The numbers for the current quarter are from 749 funds that Insider Monkey tracks which filed 13F’s for the June 30 reporting period. It should be noted that the total number of 13F-filing hedge funds fell from 766 quarter-over-quarter.

In terms of individual smart money activity, Richard Driehaus‘ Driehaus Capital more than doubled its stake in Gaming and Leisure Properties during the second quarter, to 5.13 million shares at the end of June. Those 5.13 million shares accounted for 6.31% of the value of the fund’s portfolio at that time. Sharing its optimism was Jim Simons‘ Renaissance Technologies, which also raised its stake in the stock, in this case by 93% to just under 1.7 million shares. Due to Renaissance Technologies’ size, the stock only accounted for 0.11% of the quant fund’s equity portfolio at the end of the second quarter.

Disclosure: None

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