Hedge funds are betting billions that these 17 stocks are going to implode

source
William Thomas Cain/Getty Images

One way hedge funds make money is by betting against stocks that they see running into trouble.

To get a sense of some likely targets of those funds, Goldman Sachs puts together a quarterly Very Important Short Position list of S&P 500 stocks that are being heavily bet against, based on the dollar value of overall outstanding short interest on those stocks.

Here are the 17 stocks Goldman identified with at least $2 billion in short interest:


17. Public Storage

source
Markets Insider

Ticker: PSA

Subsector: Specialized REITs

Year-to-date total return: -2%

Value of short interest: $2.0 billion


16. General Electric

source
Markets Insider

Ticker: GE

Subsector:Industrial Conglomerates

Year-to-date total return: -42%

Value of short interest:$2.0 billion


15. Costco

source
Markets Insider

Ticker: COST

Subsector: Hypermarkets & Super Centers

Year-to-date total return: 12%

Value of short interest: $2.3 billion


14. Walt Disney

source
Markets Insider

Ticker: DIS

Subsector: Movies & Entertainment

Year-to-date total return: 0%

Value of short interest: $2.3 billion


13. Simon Property Group

source
Markets Insider

Ticker: SPG

Subsector: Retail REITs

Year-to-date total return: -7%

Value of short interest: $2.3 billion


12. Procter & Gamble

source
Markets Insider

Ticker: PG

Subsector: Household Products

Year-to-date total return: 9%

Value of short interest: $2.3 billion


11. Lam Research

source
Markets Insider

Ticker: LRCX

Subsector: Semiconductor Equipment

Year-to-date total return: 99%

Value of short interest: $2.3 billion


10. IBM

source
Markets Insider

Ticker: IBM

Subsector: IT Consulting & Other Services

Year-to-date total return: -7%

Value of short interest: $2.4 billion


9. Chevron

source
Markets Insider

Ticker: CVX

Subsector: Integrated Oil & Gas

Year-to-date total return: 2%

Value of short interest: $2.6 billion


8. Nvidia

source
Markets Insider

Ticker: NVDA

Subsector: Semiconductors

Year-to-date total return: 101%

Value of short interest: $2.6 billion


7. Exxon Mobil

source
Markets Insider

Ticker: XOM

Subsector: Integrated Oil & Gas

Year-to-date total return: -5%

Value of short interest: $2.8 billion


6. Becton, Dickinson

source
Markets Insider

Ticker: BDX

Subsector: Health Care Equipment

Year-to-date total return: 35%

Value of short interest: $2.9 billion


5. Target

source
Markets Insider

Ticker: TGT

Subsector: General Merchandise Stores

Year-to-date total return: -13%

Value of short interest: $3.2 billion


4. Priceline Group

source
Markets Insider

Ticker: PCLN

Subsector: Internet & Direct Marketing Retail

Year-to-date total return: 17%

Value of short interest: $3.2 billion


3. Walmart

source
Markets Insider

Ticker: WMT

Subsector: Hypermarkets & Super Centers

Year-to-date total return: 34%

Value of short interest: $3.8 billion


2. Intel

source
Markets Insider

Ticker: INTC

Subsector: Semiconductors

Year-to-date total return: 30%

Value of short interest: $6.1 billion


1. AT&T

source
Markets Insider

Ticker: T

Subsector: Integrated Telecommunication Services

Year-to-date total return: -17%

Value of short interest: $7.8 billion