GOLDMAN: Hedge funds are betting billions that these 19 stocks are going to get demolished

Hedge funds love making waves.

One of the easiest ways to make waves is to announce a huge bet against a giant company.

In Goldman Sachs' quarterly Hedge Fund Trend Monitor, the analysts round up the biggest splashes the hedge fund industry is making right now.

The "Very Important Short List" compiles the largest aggregate short positions of the 841 hedge funds that Goldman tracks. Essentially, these are the companies that hedge funds think will see a stock drop-off.

GE once again stops the list, with Exxon Mobil right behind. New entrants this quarter include Lockheed Martin and Abott Laboratories. Interestingly, NVIDIA, a maker of semiconductors, also makes the list despite (or because) the stock being up 92% year-to-date.

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.