These are the 25 stocks hedge funds have been shorting like crazy

Hedge funds have been betting against Walt Disney, General Electric, Target, Chevron, and ConocoPhillips.

Those are some of the short positions highlighted in new research from Goldman Sachs, which put together a "Very Important Short Position List."

Goldman analyzed 860 hedge-fund portfolios with $1.8 trillion of gross equity positions ($1.2 trillion long and $650 billion short).

We've included the top 25 short positions, by value of short interest, from smallest to largest.