From Goldman’s latest hedge fund tracker comes their list of most important short positions held by hedge funds (via Market Folly):
“This tracks short exposure of hedge funds as an equal-weighted basket that “consists of 50 S&P 500 constituents with the highest total dollar value of short interest outstanding.” It can be accessed on Bloomberg via < GSTHVISP >.
Goldman emphasizes that this list is not based on 13F holdings (because hedge funds are not required to disclose shorts). They also note that it’s not a basket of stocks most held short.
Goldman Sachs Very Important Short Positions For Hedge Funds
Stock, value of short interest (in $ billions)
1. Johnson & Johnson (JNJ): $2.9
2. Exxon Mobil (XOM): 2.8
3. Intel (INTC): 2.6
4. International Business Machines (IBM): 2.4
5. Amazon.com (AMZN): 2.4
6. AT&T (T): 2.3
7. Chevron (CVX): 2.1
8. Verizon (VZ): 1.8
9. Duke Energy (DUK): 1.7
10. Walt Disney (DIS): 1.5″
Source: Goldman Sachs
Mr. Roche is the Founder and Chief Investment Officer of Discipline Funds.Discipline Funds is a low fee financial advisory firm with a focus on helping people be more disciplined with their finances.
He is also the author of Pragmatic Capitalism: What Every Investor Needs to Understand About Money and Finance, Understanding the Modern Monetary System and Understanding Modern Portfolio Construction.