GOLDMAN: Hedge funds are betting billions that these 16 stocks are going to implode

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Onlookers and officials watch the controlled implosion of the “Masbeth Holders,” once the largest natural-gas tanks in the world, in the Greenpoint section of Brooklyn, New York, July 15, 2001.
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REUTERS

Hedge funds are known for making big bets, and there are none bigger than giant short positions.

In Goldman Sachs’ quarterly “Hedge Fund Trend Monitor,” the bank tracked the movements of 841 hedge funds in the first quarter of 2016.

Included in the note is the “Very Important Short Position” list, detailing the biggest bets by hedge funds that certain stocks will tank.

In addition to standbys such as Walt Disney and Exxon, there are some notable new entrants to the list including online streaming giant Netflix and biotech firm Gilead Sciences.

We’ve ranked the stocks from smallest dollar value of short interest to largest. The percentage of floated stock that is short interest and the companies’ performance year-to-date are also included.


16. Ford

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Ford

Ticker: F

Subsector: Automobile Manufacturers

Value of short interest (in billions): $2.1

Short interest of % of float: 4%

Return year-to-date: -1%

Source: Goldman Sachs


15. Walmart

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Reuters/Jeff Mitchell

Ticker: WMT

Subsector: Hypermarkets & Super Centers

Value of short interest (in billions): $2.2

Short interest of % of float: 2%

Return year-to-date: 9%

Source: Goldman Sachs


14. Intel

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Thomson Reuters

Ticker: INTC

Subsector: Semiconductors

Value of short interest (in billions): $2.4

Short interest of % of float: 2%

Return year-to-date: -10%

Source: Goldman Sachs


13. Johnson and Johnson

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Flickr/ Ikhlasul Amal

Ticker: JNJ

Subsector: Pharmaceuticals

Value of short interest (in billions): $2.5

Short interest of % of float: 1%

Return year-to-date: 12%

Source: Goldman Sachs


12. Gilead Sciences

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Wikimedia Commons

Ticker: GILD

Subsector: Biotechnology

Value of short interest (in billions): $2.5

Short interest of % of float: 2%

Return year-to-date: -17%

Source: Goldman Sachs


11. AT&T

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Brendan McDermid/Reuters

Ticker: T

Subsector: Integrated Telecommunication Services

Value of short interest (in billions): $2.6

Short interest of % of float: 1%

Return year-to-date: 17%

Source: Goldman Sachs


10. IBM

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IBM/Julie Bort/Business Insider

Ticker: IBM

Subsector: IT Consulting & Other Services

Value of short interest (in billions): $3.1

Short interest of % of float: 2%

Return year-to-date: 11%

Source: Goldman Sachs


9. Chevron

source
Thomson Reuters

Ticker: CVX

Subsector: Integrated Oil and Gas

Value of short interest (in billions): $3.2

Short interest of % of float: 2%

Return year-to-date: 15%

Source: Goldman Sachs


8. Caterpillar

source
Thomson Reuters

Ticker: CAT

Subsector: Construction Machinery & Heavy Trucks

Value of short interest (in billions): $3.2

Short interest of % of float: 7%

Return year-to-date: 6%

Source: Goldman Sachs


7. Target

source
Thomson Reuters

Ticker: TGT

Subsector: General Merchandise Stores

Value of short interest (in billions): $3.2

Short interest of % of float: 7%

Return year-to-date: 4%

Source: Goldman Sachs


6. Express Scripts Holdings

Ticker: ESRX

Subsector: Health Care Services

Value of short interest (in billions): $3.4

Short interest of % of float: 7%

Return year-to-date: -17%

Source: Goldman Sachs


5. Netflix

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Ethan Miller/Getty Images

Ticker: NFLX

Subsector: Internet Retail

Value of short interest (in billions): $3.4

Short interest of % of float: 9%

Return year-to-date: -22%

Source: Goldman Sachs


4. Boeing

Ticker: BA

Subsector: Aerospace and Defense

Value of short interest (in billions): $3.5

Short interest of % of float: 4%

Return year-to-date: -6%

Source: Goldman Sachs


3. General Electric

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Mike Simons / Getty Images

Ticker: GE

Subsector: Industrial Conglomerates

Value of short interest (in billions): $3.5

Short interest of % of float: 1%

Return year-to-date: -3%

Source: Goldman Sachs


2. Exxon Mobil

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Reuters/Lee Celano

Ticker: XOM

Subsector: Integrated Oil and Gas

Value of short interest (in billions): $3.6

Short interest of % of float: 1%

Return year-to-date: 17%

Source: Goldman Sachs


1. Walt Disney

source
Marvel

Ticker: DIS

Subsector: Movies and Entertainment

Value of short interest (in billions): $4.3

Short interest of % of float: 3%

Return year-to-date: -4%

Source: Goldman Sachs


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