Hanseatic Management Services 13F-HR Quarterly holdings report by institutional manager

The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE

OMB APPROVAL

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COLUMN 1	COLUMN 2	COLUMN 3	COLUMN 4	COLUMN 5			COLUMN 6	COLUMN 7	COLUMN 8
			VALUE	SHRS OR	SH/	PUT/	INVESTMENT	OTHER	VOTING AUTHORITY
NAME OF ISSUER	TITLE OF CLASS	CUSIP	(x$1000)	PRN AMT	PRN	CALL	DISCRETION	MANAGER	SOLE	SHARED	NONE
Agilent Technologies Inc.	COM	00846U101	819	18,456	SH		SOLE		0	18,456	0
Apple Inc.	COM	037833100	10,593	110,804	SH		SOLE		0	110,804	0
Ambev S.A.	ADR	02319V103	21	3,574	SH		SOLE		0	3,574	0
Abiomed Inc.	COM	003654100	2,529	23,141	SH		SOLE		0	23,141	0
Acadia Pharmaceuticals	COM	004225108	1,007	31,025	SH		SOLE		0	31,025	0
Accenture Plc	COM	G1151C101	16	145	SH		SOLE		0	145	0
Adobe Systems Inc.	COM	00724F101	877	9,160	SH		SOLE		0	9,160	0
Archer Daniels Midland	COM	039483102	438	10,213	SH		SOLE		0	10,213	0
Advanced Energy Industries	COM	007973100	19	499	SH		SOLE		0	499	0
AFLAC Inc.	COM	001055102	1,335	18,500	SH		SOLE		0	18,500	0
First Majestic Silver Corp.	COM	32076V103	623	45,847	SH		SOLE		0	45,847	0
Assurant, Inc.	COM	04621X108	16	182	SH		SOLE		0	182	0
Embotelladora Andina cl B	ADR	29081P303	9	415	SH		SOLE		0	415	0
Albemarle Corporation	COM	012653101	1,866	23,522	SH		SOLE		0	23,522	0
Align Technology Inc	COM	016255101	2	31	SH		SOLE		0	31	0
Applied Materials Inc.	COM	038222105	534	22,293	SH		SOLE		0	22,293	0
Amedisys Inc.	COM	023436108	694	13,756	SH		SOLE		0	13,756	0
Amazon.com Inc.	COM	023135106	7,816	10,922	SH		SOLE		0	10,922	0
ANI Pharmaceuticals, Inc.	COM	00182C103	3	61	SH		SOLE		0	61	0
Arcos Dorados Holdings Cl A	COM	G0457F107	10	2,094	SH		SOLE		0	2,094	0
Ariad Pharmaceuticals, Inc.	COM	04033A100	1	96	SH		SOLE		0	96	0
Astec Industries, Inc.	COM	046224101	1	17	SH		SOLE		0	17	0
Atmos Energy Corp	COM	049560105	4,514	55,511	SH		SOLE		0	55,511	0
AptarGroup Inc.	COM	038336103	441	5,570	SH		SOLE		0	5,570	0
Avianca Holdings S.A.	ADR	05367G100	5	878	SH		SOLE		0	878	0
Avery Dennison Corp.	COM	053611109	1,800	24,078	SH		SOLE		0	24,078	0
American Water Works	COM	030420103	2,965	35,080	SH		SOLE		0	35,080	0
Acuity Brands, Inc.	COM	00508Y102	3,016	12,162	SH		SOLE		0	12,162	0
AutoZone Inc.	COM	053332102	28	35	SH		SOLE		0	35	0
Braskem SA	ADR	105532105	593	50,003	SH		SOLE		0	50,003	0
Banc of California, Inc.	COM	05990K106	344	18,986	SH		SOLE		0	18,986	0
Credicorp Ltd	COM	G2519Y108	449	2,911	SH		SOLE		0	2,911	0
Baxter International	COM	071813109	2,198	48,597	SH		SOLE		0	48,597	0
Banco Bradesco SA	ADR	059460303	5	693	SH		SOLE		0	693	0
C.R. Bard, Inc.	COM	067383109	590	2,510	SH		SOLE		0	2,510	0
Brandywine Realty Trust	REIT	105368203	891	53,050	SH		SOLE		0	53,050	0
Bright Horizons Family Solutns	COM	109194100	824	12,419	SH		SOLE		0	12,419	0
General Cable Corp.	COM	369300108	2	130	SH		SOLE		0	130	0
Black Hills Corporation	COM	092113109	20	310	SH		SOLE		0	310	0
Blackbaud, Inc.	COM	09227Q100	1,725	25,400	SH		SOLE		0	25,400	0
Banco Macro S.A.	ADR	05961W105	12	156	SH		SOLE		0	156	0
Bristol-Myers Squibb Co.	COM	110122108	599	8,140	SH		SOLE		0	8,140	0
Broadridge Fncl Solutions	COM	11133T103	1,075	16,490	SH		SOLE		0	16,490	0
Global Brass & Copper Hldg	COM	37953G103	4	161	SH		SOLE		0	161	0
Banco Santander Brasil SA	ADR	05967A107	10	1,775	SH		SOLE		0	1,775	0
Grupo Financiero Santander Mex	ADR	40053C105	4	477	SH		SOLE		0	477	0
Boston Scientific Corp	COM	101137107	3,321	142,115	SH		SOLE		0	142,115	0
Compania de Minas Buenaventura	ADR	204448104	536	44,877	SH		SOLE		0	44,877	0
BWX Technologies, Inc.	COM	05605H100	2,865	80,103	SH		SOLE		0	80,103	0
ConAgra Foods, Inc.	COM	205887102	17	358	SH		SOLE		0	358	0
Casey's General Stores, Inc.	COM	147528103	1,924	14,627	SH		SOLE		0	14,627	0
Companhia Brasileira Distr ADS	ADR	20440T201	9	606	SH		SOLE		0	606	0
Continental Buildg Prdcts, Inc	COM	211171103	1	37	SH		SOLE		0	37	0
Cabot Corporation	COM	127055101	817	17,885	SH		SOLE		0	17,885	0
Cogent Communications Holdings	COM	19239V302	785	19,599	SH		SOLE		0	19,599	0
CDK Global, Inc.	COM	12508E101	1,615	29,096	SH		SOLE		0	29,096	0
Cincinnati Financial Corp	COM	172062101	1,326	17,700	SH		SOLE		0	17,700	0
CIRCOR International Inc.	COM	17273K109	3	58	SH		SOLE		0	58	0
Continental Resources, Inc.	COM	212015101	705	15,580	SH		SOLE		0	15,580	0
Clorox Company	COM	189054109	1,075	7,765	SH		SOLE		0	7,765	0
Cantel Medical Corp.	COM	138098108	4	54	SH		SOLE		0	54	0
CONSOL Energy Inc.	COM	20854P109	1,433	89,054	SH		SOLE		0	89,054	0
Coach Inc	COM	189754104	15	379	SH		SOLE		0	379	0
Coherent Inc.	COM	192479103	1,114	12,137	SH		SOLE		0	12,137	0
CyrusOne Inc	COM	23283R100	31	554	SH		SOLE		0	554	0
CoreSite Realty Corp	COM	21870Q105	2,455	27,686	SH		SOLE		0	27,686	0
Core Mark Hldg Co. Inc.	COM	218681104	4	84	SH		SOLE		0	84	0
Cott Corporation	COM	22163N106	999	71,530	SH		SOLE		0	71,530	0
Copa Holdings cl A	COM	P31076105	7	132	SH		SOLE		0	132	0
Campbell Soup Company	COM	134429109	541	8,138	SH		SOLE		0	8,138	0
CPFL Energy Inc.	ADR	126153105	457	35,563	SH		SOLE		0	35,563	0
Copart, Inc. (DE)	COM	217204106	1,938	39,543	SH		SOLE		0	39,543	0
Carrizo Oil & Gas Inc.	COM	144577103	2	48	SH		SOLE		0	48	0
Communications Sales & Leasing	COM	20341J104	50	1,719	SH		SOLE		0	1,719	0
Cash America Int'l Inc.	COM	14754D100	5	127	SH		SOLE		0	127	0
Cardiovascular Systems, Inc.	COM	141619106	3	161	SH		SOLE		0	161	0
Cornerstone OnDemand Inc.	COM	21925Y103	1	20	SH		SOLE		0	20	0
Cintas Corporation	COM	172908105	2,517	25,654	SH		SOLE		0	25,654	0
Chevron Corp	COM	166764100	1,241	11,834	SH		SOLE		0	11,834	0
Cemex S.A.B. de C.V.	ADR	151290889	7	1,186	SH		SOLE		0	1,186	0
Cypress Semiconductor	COM	232806109	791	75,000	SH		SOLE		0	75,000	0
Cynosure, Inc. cl A	COM	232577205	570	11,723	SH		SOLE		0	11,723	0
Cosan Limited	COM	G25343107	529	81,225	SH		SOLE		0	81,225	0
DepoMed Inc	COM	249908104	731	37,274	SH		SOLE		0	37,274	0
Dupont Fabros Technology, Inc.	COM	26613Q106	21	444	SH		SOLE		0	444	0
Duke Realty Corp	REIT	264411505	852	31,960	SH		SOLE		0	31,960	0
Drew Industries Inc.	COM	26168L205	1,610	18,980	SH		SOLE		0	18,980	0
Dycom Industries Inc	COM	267475101	3	37	SH		SOLE		0	37	0
Ebix Inc	COM	278715206	3	66	SH		SOLE		0	66	0
Ecopetrol S.A. ADS	ADR	279158109	563	58,884	SH		SOLE		0	58,884	0
Empire District Electric Co.	COM	291641108	18	540	SH		SOLE		0	540	0
Euronet Worldwide Inc	COM	298736109	3	42	SH		SOLE		0	42	0
Equifax Inc	COM	294429105	2,868	22,338	SH		SOLE		0	22,338	0
Eldorado Gold Corp	COM	284902103	327	72,627	SH		SOLE		0	72,627	0
Endologix Inc	COM	29266S106	2	197	SH		SOLE		0	197	0
Equity Lifestyle Properties	REIT	29472R108	1,023	12,785	SH		SOLE		0	12,785	0
EPR Properties	REIT	26884U109	17	213	SH		SOLE		0	213	0
Equinix Inc	REIT	29444U700	2,730	7,040	SH		SOLE		0	7,040	0
Edwards Lifesciences Corp.	COM	28176E108	2,821	28,284	SH		SOLE		0	28,284	0
ExlService Holdings, Inc.	COM	302081104	6	116	SH		SOLE		0	116	0
Extra Space Storage Inc.	REIT	30225T102	1,673	18,080	SH		SOLE		0	18,080	0
Diamondback Energy, Inc.	COM	25278X109	775	8,495	SH		SOLE		0	8,495	0
Facebook, Inc. cl A	COM	30303M102	6,813	59,619	SH		SOLE		0	59,619	0
First Bancorp (PR)	COM	318672706	9	2,309	SH		SOLE		0	2,309	0
FCB Financial Holdings Cl A	COM	30255G103	1	27	SH		SOLE		0	27	0
Fresh Del Monte Produce	COM	G36738105	43	788	SH		SOLE		0	788	0
F5 Networks Inc.	COM	315616102	807	7,090	SH		SOLE		0	7,090	0
Fair Isaac Corp	COM	303250104	805	7,122	SH		SOLE		0	7,122	0
Fiserv Inc.	COM	337738108	2,601	23,926	SH		SOLE		0	23,926	0
Five Below, Inc.	COM	33829M101	1	20	SH		SOLE		0	20	0
Comfort Systems USA	COM	199908104	626	19,206	SH		SOLE		0	19,206	0
National Beverage Corp	COM	635017106	4	59	SH		SOLE		0	59	0
FMC Corporation	COM	302491303	801	17,290	SH		SOLE		0	17,290	0
Fabrinet	COM	G3323L100	8	227	SH		SOLE		0	227	0
Franco-Nevada Corp	COM	351858105	407	5,348	SH		SOLE		0	5,348	0
Five Prime Therapeutics, Inc.	COM	33830X104	602	14,561	SH		SOLE		0	14,561	0
First Republic Bank	COM	33616C100	570	8,141	SH		SOLE		0	8,141	0
Genpact Limited	COM	G3922B107	26	975	SH		SOLE		0	975	0
Gannett Co. Inc.	COM	36473H104	38	2,754	SH		SOLE		0	2,754	0
General Electric Company	COM	369604103	783	24,862	SH		SOLE		0	24,862	0
Grupo Financiaro Galicia SA	ADR	399909100	12	404	SH		SOLE		0	404	0
Graco Inc	COM	384109104	758	9,600	SH		SOLE		0	9,600	0
CGI Group Inc.	COM	39945C109	651	15,249	SH		SOLE		0	15,249	0
Gigamon Inc.	COM	37518B102	1	23	SH		SOLE		0	23	0
Globant S.A.	COM	L44385109	14	348	SH		SOLE		0	348	0
Corning Inc.	COM	219350105	697	34,050	SH		SOLE		0	34,050	0
Alphabet Inc. Class C	COM	02079K107	3,843	5,553	SH		SOLE		0	5,553	0
Alphabet Inc. Class A	COM	02079K305	2,989	4,249	SH		SOLE		0	4,249	0
Global Payments Inc.	COM	37940X102	2,176	30,483	SH		SOLE		0	30,483	0
Granite Construction Inc	COM	387328107	3	68	SH		SOLE		0	68	0
Great Western Bancorp, Inc.	COM	391416104	14	447	SH		SOLE		0	447	0
Hain Celestial Group Inc.	COM	405217100	806	16,197	SH		SOLE		0	16,197	0
Halliburton Company	COM	406216101	555	12,260	SH		SOLE		0	12,260	0
Healthcare Services Group	COM	421906108	17	421	SH		SOLE		0	421	0
Home Depot Inc.	COM	437076102	3,920	30,700	SH		SOLE		0	30,700	0
Helen of Troy Limited	COM	G4388N106	35	342	SH		SOLE		0	342	0
Huntington Ingalls Industries	COM	446413106	1,213	7,221	SH		SOLE		0	7,221	0
HMS Holdings Corp	COM	40425J101	1,599	90,818	SH		SOLE		0	90,818	0
Honeywell Intl Inc	COM	438516106	1,312	11,280	SH		SOLE		0	11,280	0
HP Inc.	COM	40434L105	708	56,383	SH		SOLE		0	56,383	0
Huntsman Corp.	COM	447011107	1,049	77,991	SH		SOLE		0	77,991	0
Integra LifeSciences Holdings	COM	457985208	1,803	22,596	SH		SOLE		0	22,596	0
IBM Corp	COM	459200101	631	4,160	SH		SOLE		0	4,160	0
Idexx Laboratories, Inc.	COM	45168D104	1,664	17,920	SH		SOLE		0	17,920	0
International Game Technology	COM	G4863A108	16	829	SH		SOLE		0	829	0
Insteel Industries, Inc.	COM	45774W108	1	44	SH		SOLE		0	44	0
Ingredion Incorporated	COM	457187102	26	199	SH		SOLE		0	199	0
Interpublic Group	COM	460690100	15	649	SH		SOLE		0	649	0
Inphi Corporation	COM	45772F107	1	29	SH		SOLE		0	29	0
Ingersoll-Rand Plc	COM	G47791101	15	228	SH		SOLE		0	228	0
Iron Mountain Inc.	COM	46284V101	16	403	SH		SOLE		0	403	0
Ironwood Pharmaceuticals, Inc.	CLA	46333X108	1	46	SH		SOLE		0	46	0
Intuitive Surgical, Inc.	COM	46120E602	1,105	1,670	SH		SOLE		0	1,670	0
Itau Unibanco Banco Hldg S.A.	ADR	465562106	398	42,160	SH		SOLE		0	42,160	0
Illinois Tool Works Inc.	COM	452308109	567	5,440	SH		SOLE		0	5,440	0
John Bean Technologies	COM	477839104	5	74	SH		SOLE		0	74	0
Jacobs Engineering Group	COM	469814107	2,327	46,708	SH		SOLE		0	46,708	0
Jack Henry & Associates	COM	426281101	2,319	26,572	SH		SOLE		0	26,572	0
Johnson & Johnson	COM	478160104	663	5,469	SH		SOLE		0	5,469	0
Joy Global Inc	COM	481165108	1,206	57,050	SH		SOLE		0	57,050	0
Kellogg Company	COM	487836108	17	210	SH		SOLE		0	210	0
Kraton Performance Polymers	COM	50077C106	3	122	SH		SOLE		0	122	0
Lancaster Colony Corp	COM	513847103	1	8	SH		SOLE		0	8	0
LATAM Airlines Group SA ADS	ADR	51817R106	9	1,384	SH		SOLE		0	1,384	0
Littelfuse Inc.	COM	537008104	3	27	SH		SOLE		0	27	0
Ligand Pharmaceuticals	COM	53220K504	933	7,819	SH		SOLE		0	7,819	0
Lennox International, Inc.	COM	526107107	2,319	16,263	SH		SOLE		0	16,263	0
L-3 Communications	COM	502424104	1,567	10,680	SH		SOLE		0	10,680	0
Lockheed Martin Corp.	COM	539830109	3,236	13,040	SH		SOLE		0	13,040	0
Lowes Companies Inc.	COM	548661107	728	9,200	SH		SOLE		0	9,200	0
Mid-America Apartment	REIT	59522J103	34	315	SH		SOLE		0	315	0
Masimo Corporation	COM	574795100	980	18,653	SH		SOLE		0	18,653	0
Mattel Inc.	COM	577081102	1,750	55,939	SH		SOLE		0	55,939	0
McDonald's Corp.	COM	580135101	4,514	37,514	SH		SOLE		0	37,514	0
MDU Resources Group	COM	552690109	1,446	60,240	SH		SOLE		0	60,240	0
Medivation, Inc.	COM	58501N101	2,319	38,465	SH		SOLE		0	38,465	0
MercadoLibre, Inc.	COM	58733R102	10	70	SH		SOLE		0	70	0
McCormick & Co, Inc.	COM	579780206	1,682	15,769	SH		SOLE		0	15,769	0
Markel Corp	COM	570535104	1,301	1,366	SH		SOLE		0	1,366	0
MarketAxess Corporation	COM	57060D108	2,736	18,816	SH		SOLE		0	18,816	0
Martin Marietta Materials Inc	COM	573284106	864	4,500	SH		SOLE		0	4,500	0
Marsh & McLennan Company Inc	COM	571748102	580	8,470	SH		SOLE		0	8,470	0
3M Company	COM	88579Y101	1,403	8,013	SH		SOLE		0	8,013	0
Altria Group Inc	COM	02209S103	18	257	SH		SOLE		0	257	0
Monsanto Co	COM	61166W101	585	5,660	SH		SOLE		0	5,660	0
Monolithic Power Systems	COM	609839105	903	13,224	SH		SOLE		0	13,224	0
MSCI Inc.	COM	55354G100	1,141	14,791	SH		SOLE		0	14,791	0
Microsoft Corporation	COM	594918104	35	684	SH		SOLE		0	684	0
Vail Resorts Inc.	COM	91879Q109	23	167	SH		SOLE		0	167	0
MaxLinear, Inc. cl A	CLA	57776J100	3	151	SH		SOLE		0	151	0
Nordic American Tanker Ltd	COM	G65773106	14	985	SH		SOLE		0	985	0
Nasdaq, Inc.	COM	631103108	2,349	36,316	SH		SOLE		0	36,316	0
Newmont Mining Corp	COM	651639106	1,814	46,367	SH		SOLE		0	46,367	0
NiSource Inc	COM	65473P105	2,475	93,342	SH		SOLE		0	93,342	0
New Jersey Resources	COM	646025106	19	503	SH		SOLE		0	503	0
Northrop Grumman Corp	COM	666807102	3,024	13,605	SH		SOLE		0	13,605	0
Insperity, Inc.	COM	45778Q107	1	12	SH		SOLE		0	12	0
NutriSystem, Inc.	COM	67069D108	3	126	SH		SOLE		0	126	0
Nu Skin Enterprises Inc.	COM	67018T105	16	342	SH		SOLE		0	342	0
NuVasive Inc	COM	670704105	745	12,481	SH		SOLE		0	12,481	0
NVIDIA Corp	COM	67066G104	3,493	74,293	SH		SOLE		0	74,293	0
NVR Inc.	COM	62944T105	1,850	1,039	SH		SOLE		0	1,039	0
Nevro Corp.	COM	64157F103	1	8	SH		SOLE		0	8	0
Newell Brands Inc	COM	651229106	508	10,456	SH		SOLE		0	10,456	0
Realty Income Corp	REIT	756109104	25	358	SH		SOLE		0	358	0
Orbital ATK, Inc.	COM	68557N103	1,307	15,352	SH		SOLE		0	15,352	0
Oclaro, Inc	COM	67555N206	2	488	SH		SOLE		0	488	0
OFG Bancorp	COM	67103X102	530	63,841	SH		SOLE		0	63,841	0
ONE Gas, Inc.	COM	68235P108	27	412	SH		SOLE		0	412	0
ONEOK Inc.	COM	682680103	1,491	31,432	SH		SOLE		0	31,432	0
Universal Display Corp	COM	91347P105	1	14	SH		SOLE		0	14	0
Olin Corporation	COM	680665205	18	717	SH		SOLE		0	717	0
OneMain Holdings, Inc.	COM	68268W103	15	644	SH		SOLE		0	644	0
Spark Therapeutics, Inc.	COM	84652J103	2	35	SH		SOLE		0	35	0
Ormat Technologies Inc.	COM	686688102	723	16,524	SH		SOLE		0	16,524	0
Old Republic Int'l Corp	COM	680223104	45	2,346	SH		SOLE		0	2,346	0
O'Reilly Automotive, Inc.	COM	67103H107	3,037	11,202	SH		SOLE		0	11,202	0
Pampa Energia S.A.	ADR	697660207	10	372	SH		SOLE		0	372	0
Prestige Brands Holdings Inc	COM	74112D101	3	61	SH		SOLE		0	61	0
Petroleo Brasilero ADS	ADR	71654V408	465	65,001	SH		SOLE		0	65,001	0
Procter & Gamble Co.	COM	742718109	597	7,050	SH		SOLE		0	7,050	0
Progressive Corp.	COM	743315103	473	14,120	SH		SOLE		0	14,120	0
Dave & Buster's Entertainment	COM	238337109	2	53	SH		SOLE		0	53	0
Children's Place, Inc. (The)	COM	168905107	3	40	SH		SOLE		0	40	0
Philip Morris Intl	COM	718172109	499	4,910	SH		SOLE		0	4,910	0
Pentair Ltd.	COM	G7S00T104	15	250	SH		SOLE		0	250	0
PolyOne Corp	COM	73179P106	3	82	SH		SOLE		0	82	0
Pool Corporation	COM	73278L105	1,677	17,831	SH		SOLE		0	17,831	0
Post Holdings, Inc.	COM	737446104	1,072	12,964	SH		SOLE		0	12,964	0
PRA Health Sciences, Inc.	COM	69354M108	3	72	SH		SOLE		0	72	0
Public Storage, Inc.	REIT	74460D109	667	2,610	SH		SOLE		0	2,610	0
QEP Resources, Inc.	COM	74733V100	2	130	SH		SOLE		0	130	0
QTS Realty Trust, Inc.	COM	74736A103	23	405	SH		SOLE		0	405	0
Reynolds American Inc	COM	761713106	23	432	SH		SOLE		0	432	0
Ritchie Bros. Auctioneers	COM	767744105	744	22,027	SH		SOLE		0	22,027	0
Royal Gold Inc.	COM	780287108	781	10,851	SH		SOLE		0	10,851	0
Range Resources Corp	COM	75281A109	1,023	23,720	SH		SOLE		0	23,720	0
Reliance Steel & Aluminum	COM	759509102	891	11,583	SH		SOLE		0	11,583	0
Republic Services Inc.	COM	760759100	18	351	SH		SOLE		0	351	0
Raytheon Company	COM	755111507	1,354	9,960	SH		SOLE		0	9,960	0
Sabre Corporation	COM	78573M104	1,568	58,517	SH		SOLE		0	58,517	0
Sanmina Corporation	COM	801056102	3	121	SH		SOLE		0	121	0
Companhia de Saneamento	ADR	20441A102	966	107,769	SH		SOLE		0	107,769	0
Surgical Care Affiliates, Inc.	COM	86881L106	3	70	SH		SOLE		0	70	0
SciClone Pharmaceuticals	COM	80862K104	1	62	SH		SOLE		0	62	0
Semgroup Corp. cl A	CLA	81663A105	13	400	SH		SOLE		0	400	0
Shenandoah Telecomm Co.	COM	82312B106	6	157	SH		SOLE		0	157	0
Six Flags Entertainment Corp.	COM	83001A102	46	789	SH		SOLE		0	789	0
SkyWest Inc.	COM	830879102	4	134	SH		SOLE		0	134	0
SM Energy Company	COM	78454L100	1,015	37,583	SH		SOLE		0	37,583	0
Spectrum Brands Holdings, Inc.	COM	84763R101	851	7,130	SH		SOLE		0	7,130	0
Spectranetics Corp	COM	84760C107	1	35	SH		SOLE		0	35	0
Chemical & Mining Co. Chile	ADR	833635105	10	394	SH		SOLE		0	394	0
Steel Dynamics Inc.	COM	858119100	720	29,386	SH		SOLE		0	29,386	0
Constellation Brands Inc	COM	21036P108	4,379	26,475	SH		SOLE		0	26,475	0
Southwestern Energy Co.	COM	845467109	21	1,704	SH		SOLE		0	1,704	0
Stryker Corp	COM	863667101	573	4,780	SH		SOLE		0	4,780	0
Tahoe Resources, Inc.	COM	873868103	30	2,037	SH		SOLE		0	2,037	0
Molson Coors Brewing Co.	COM	60871R209	627	6,204	SH		SOLE		0	6,204	0
TASER International Inc	COM	87651B104	3	118	SH		SOLE		0	118	0
Bio-Techne Corp	COM	09073M104	651	5,776	SH		SOLE		0	5,776	0
Thor Industries Inc.	COM	885160101	26	403	SH		SOLE		0	403	0
Thermo Fisher Scientific, Inc.	COM	883556102	968	6,550	SH		SOLE		0	6,550	0
TriNet Group, Inc.	COM	896288107	3	124	SH		SOLE		0	124	0
Targa Resources Corp.	COM	87612G101	573	13,594	SH		SOLE		0	13,594	0
Tractor Supply Co.	COM	892356106	30	331	SH		SOLE		0	331	0
Trinseo S.A.	COM	L9340P101	2	52	SH		SOLE		0	52	0
Tyson Foods Inc	COM	902494103	836	12,518	SH		SOLE		0	12,518	0
Take-Two Interactive Software	COM	874054109	1,543	40,691	SH		SOLE		0	40,691	0
Texas Instruments, Inc.	COM	882508104	658	10,510	SH		SOLE		0	10,510	0
Tyco International Ltd.	COM	G91442106	15	355	SH		SOLE		0	355	0
Ubiquiti Networks, Inc.	COM	90347A100	1,410	36,474	SH		SOLE		0	36,474	0
Universal Electronics Inc.	COM	913483103	1	12	SH		SOLE		0	12	0
Universal Forest Products	COM	913543104	1	12	SH		SOLE		0	12	0
UGI Corp	COM	902681105	19	426	SH		SOLE		0	426	0
Ultrapar Participacoes SA	ADR	90400P101	8	376	SH		SOLE		0	376	0
Ulta Salon, Cosmetics	COM	90384S303	3,216	13,198	SH		SOLE		0	13,198	0
UMB Financial Corp	COM	902788108	14	265	SH		SOLE		0	265	0
UnitedHealth Group, Inc.	COM	91324P102	4,136	29,291	SH		SOLE		0	29,291	0
Unit Corporation	COM	909218109	2	155	SH		SOLE		0	155	0
U.S. Concrete Inc.	COM	90333L201	3	46	SH		SOLE		0	46	0
VISA Inc.	COM	92826C839	3,408	45,954	SH		SOLE		0	45,954	0
Vale S.A.	ADR	91912E105	8	1,666	SH		SOLE		0	1,666	0
Veeva Systems Inc.	COM	922475108	2,625	76,948	SH		SOLE		0	76,948	0
Telefonica Brasil, S.A.	ADR	87936R106	435	32,021	SH		SOLE		0	32,021	0
Controladora Vuela Compania	ADR	21240E105	816	43,641	SH		SOLE		0	43,641	0
Vulcan Materials Co	COM	929160109	2,579	21,428	SH		SOLE		0	21,428	0
Vantiv, Inc.	COM	92210H105	2,446	43,213	SH		SOLE		0	43,213	0
VeriSign Inc	COM	92343E102	775	8,960	SH		SOLE		0	8,960	0
WebMD Health Corp. cl A	COM	94770V102	4	61	SH		SOLE		0	61	0
Waste Connections Inc	COM	94106B101	2,519	34,964	SH		SOLE		0	34,964	0
WGL Holdings Inc.	COM	92924F106	16	224	SH		SOLE		0	224	0
Whiting Petroleum Corp	COM	966387102	916	98,901	SH		SOLE		0	98,901	0
Waste Management Inc.	COM	94106L109	1,548	23,360	SH		SOLE		0	23,360	0
Williams Companies Inc	COM	969457100	11	498	SH		SOLE		0	498	0
Wal-Mart Stores, Inc.	COM	931142103	493	6,750	SH		SOLE		0	6,750	0
VCA Inc.	COM	918194101	1,793	26,519	SH		SOLE		0	26,519	0
Worthington Industries	COM	981811102	18	437	SH		SOLE		0	437	0
WPX Energy, Inc.	COM	98212B103	2	182	SH		SOLE		0	182	0
Aqua America, Inc.	COM	03836W103	49	1,371	SH		SOLE		0	1,371	0
Wynn Resorts Ltd.	ADR	983134107	680	7,502	SH		SOLE		0	7,502	0
Exxon Mobil Corporation	COM	30231G102	669	7,140	SH		SOLE		0	7,140	0
DENTSPLY SIRONA Inc.	COM	24906P109	715	11,530	SH		SOLE		0	11,530	0
Xylem Inc.	COM	98419M100	786	17,605	SH		SOLE		0	17,605	0
Yelp Inc. cl A	COM	985817105	2	71	SH		SOLE		0	71	0
YPF S.A.	ADR	984245100	6	294	SH		SOLE		0	294	0
Zillow Group, Inc.	COM	98954M200	1,558	42,953	SH		SOLE		0	42,953	0
Zimmer Biomet Holdings, Inc.	COM	98956P102	1,322	10,978	SH		SOLE		0	10,978	0