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

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 stand-bys 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. Also included the percentage of floated stock that is short interest and the companies' performance year-to-date.