http://www.businessinsider.com/goldman-hedge-fund-short-positions-2013-8?utm_source=gatehouse&utm_medium=referral&utm_content=feed

It's been three weeks since the S&P 500 closed at its all-time high of 1,709.

Some think this is just a mild pullback in an ongoing bull market.

Others think this is the beginning of a big sell-off.

In Goldman Sachs' new "Hedge Fund Trend Monitor" report, Amanda Schneider lists out the 50 favorite short positions of the 708 hedged funds that the firm follows.

"The [Very Important Short Position] returned 17% YTD in 2013, providing a better return than shorting S&P 500 (19.5%)," said Schneider.

We ranked the top 24 stocks on the list based on the dollar value of short interest.

24. Target

Ticker: TGT

Value of short interest: $1.3 billion

YTD Return: 18%

Sector: General Merchandise Stores

Comment: Target's Q2 earnings dropped 13% from a year ago.

Source: Goldman Sachs



23. Ford

Ticker: F

Value of short interest: $1.3 billion

YTD Return: 30%

Sector: Automobile Manufacturers

Comment: In 2008, Ford lost $14.7 billion. Its dramatic rise since then has been impressive, but investors are wondering if the magic can continue.

Source: Goldman Sachs



22. Deere & Co.

Ticker: DE

Value of short interest: $1.3 billion

YTD Return: -1%

Sector: Construction & Farm Machinery & Heavy Trucks 

Comment: Deere beat earnings recently, with revenue jumping 12% to $10.01 billion from $8.93 billion a year ago.

Source: Goldman Sachs



21. M&T Bank Corp.

Ticker: MTB

Value of short interest: $1.4 billion

YTD Return: 20%

Sector: Regional Banks

Comment: M&T recently announced a quarterly cash dividend of $0.70 per share.

Source: Goldman Sachs




See the rest of the story at Business Insider

See Also:

The 50 Stocks That Big Hedge Funds Love MostThe 7 Most Important Oil Chokepoints In The WorldThe Market's Gains Are Being Driven By Fewer And Fewer Stocks