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
Apple Inc.	COM	037833100	5,673	19,318	SH		SOLE		0	19,318	0
Abbott Laboratories	COM	002824100	163	1,871	SH		SOLE		0	1,871	0
Acadia Pharmaceuticals	COM	004225108	11	266	SH		SOLE		0	266	0
American Campus Communities	REIT	024835100	129	2,752	SH		SOLE		0	2,752	0
Agree Realty Corp	REIT	008492100	139	1,987	SH		SOLE		0	1,987	0
AES Corporation	COM	00130H105	58	2,893	SH		SOLE		0	2,893	0
Aimmune Therapeutics, Inc.	COM	00900T107	3	87	SH		SOLE		0	87	0
Assurant, Inc.	COM	04621X108	858	6,544	SH		SOLE		0	6,544	0
Arthur J Gallagher & Co	COM	363576109	167	1,749	SH		SOLE		0	1,749	0
Akamai Technologies Inc.	COM	00971T101	597	6,906	SH		SOLE		0	6,906	0
Alnylam Pharmaceuticals	COM	02043Q107	735	6,379	SH		SOLE		0	6,379	0
Ambarella, Inc.	COM	G037AX101	2	38	SH		SOLE		0	38	0
Advanced Micro Devices	COM	007903107	1,975	43,056	SH		SOLE		0	43,056	0
Amedisys Inc.	COM	023436108	3	19	SH		SOLE		0	19	0
American Tower Corporation	REIT	03027X100	686	2,984	SH		SOLE		0	2,984	0
America Movil, S.A.B.	ADR	02364W105	18	1,131	SH		SOLE		0	1,131	0
Arista Networks	COM	040413106	49	239	SH		SOLE		0	239	0
Air Products & Chemicals	COM	009158106	774	3,294	SH		SOLE		0	3,294	0
Ardelyx, Inc.	COM	039697107	3	345	SH		SOLE		0	345	0
Arconic Inc.	COM	03965L100	723	23,503	SH		SOLE		0	23,503	0
Grupo aval acciones y valores	ADR	40053W101	19	2,129	SH		SOLE		0	2,129	0
Armstrong World Industries	COM	04247X102	730	7,773	SH		SOLE		0	7,773	0
American Water Works	COM	030420103	895	7,285	SH		SOLE		0	7,285	0
AutoZone Inc.	COM	053332102	823	691	SH		SOLE		0	691	0
Azul SA	COM	05501U106	33	776	SH		SOLE		0	776	0
Booz Allen Hamilton cl A	COM	099502106	1,030	14,479	SH		SOLE		0	14,479	0
Banco Bradesco SA	ADR	059460303	31	3,410	SH		SOLE		0	3,410	0
Banco Bradesco SA Spon ADR	ADR	059460402	24	2,727	SH		SOLE		0	2,727	0
Black Hills Corporation	COM	092113109	146	1,853	SH		SOLE		0	1,853	0
TopBuild Corp.	COM	89055F103	425	4,122	SH		SOLE		0	4,122	0
Ball Corporation	COM	058498106	620	9,580	SH		SOLE		0	9,580	0
Bristol-Myers Squibb Co.	COM	110122108	420	6,539	SH		SOLE		0	6,539	0
Popular Inc.	COM	733174700	145	2,463	SH		SOLE		0	2,463	0
BRF S.A. ADS	ADR	10552T107	21	2,358	SH		SOLE		0	2,358	0
Bruker Corporation	COM	116794108	819	16,061	SH		SOLE		0	16,061	0
Banco Santander Brasil SA	ADR	05967A107	21	1,752	SH		SOLE		0	1,752	0
Boston Scientific Corp	COM	101137107	164	3,626	SH		SOLE		0	3,626	0
Burlington Stores, Inc.	COM	122017106	671	2,944	SH		SOLE		0	2,944	0
Compania de Minas Buenaventura	ADR	204448104	17	1,151	SH		SOLE		0	1,151	0
Beazer Homes USA	COM	07556Q881	2	155	SH		SOLE		0	155	0
Cable ONE	COM	12685J105	210	141	SH		SOLE		0	141	0
Credit Acceptance Corp	COM	225310101	71	160	SH		SOLE		0	160	0
Casey's General Stores, Inc.	COM	147528103	810	5,095	SH		SOLE		0	5,095	0
Cadence Design Systems, Inc.	COM	127387108	762	10,981	SH		SOLE		0	10,981	0
Charter Communications cl A	COM	16119P108	1,091	2,250	SH		SOLE		0	2,250	0
BanColombia S.A.	ADR	05968L102	20	356	SH		SOLE		0	356	0
Compania Energetica Minas Pfd	ADR	204409601	23	6,857	SH		SOLE		0	6,857	0
Cincinnati Financial Corp	COM	172062101	48	459	SH		SOLE		0	459	0
Chipotle Mexican Grill	COM	169656105	1,346	1,608	SH		SOLE		0	1,608	0
Costco Wholesale Corp	COM	22160K105	1,493	5,081	SH		SOLE		0	5,081	0
Coupa Software Inc	COM	22266L106	588	4,018	SH		SOLE		0	4,018	0
Campbell Soup Company	COM	134429109	144	2,915	SH		SOLE		0	2,915	0
CPFL Energy Inc.	ADR	126153105	22	1,250	SH		SOLE		0	1,250	0
Copart, Inc. (DE)	COM	217204106	425	4,674	SH		SOLE		0	4,674	0
CoStar Group, Inc.	COM	22160N109	1,466	2,450	SH		SOLE		0	2,450	0
Cardiovascular Systems, Inc.	COM	141619106	2	49	SH		SOLE		0	49	0
Carlisle Companies Inc.	COM	142339100	799	4,937	SH		SOLE		0	4,937	0
Cintas Corporation	COM	172908105	10	36	SH		SOLE		0	36	0
Carvana Co	COM	146869102	4	42	SH		SOLE		0	42	0
Cosan Limited	COM	G25343107	47	2,066	SH		SOLE		0	2,066	0
Deckers Outdoor Corp.	COM	243537107	3	17	SH		SOLE		0	17	0
Discover Financial Services	COM	254709108	142	1,675	SH		SOLE		0	1,675	0
Dollar General Corp.	COM	256677105	10	66	SH		SOLE		0	66	0
D.R. Horton Inc.	COM	23331A109	1,098	20,809	SH		SOLE		0	20,809	0
Danaher Corporation	COM	235851102	796	5,187	SH		SOLE		0	5,187	0
Walt Disney Company	COM	254687106	49	341	SH		SOLE		0	341	0
iShares Select Dividend ETF	ETF	464287168	1,458	13,802	SH		SOLE		0	13,802	0
DexCom, Inc.	COM	252131107	743	3,395	SH		SOLE		0	3,395	0
Centrais Electricas Braz Eltbr	ADR	15234Q207	30	3,267	SH		SOLE		0	3,267	0
Euronet Worldwide Inc	COM	298736109	562	3,564	SH		SOLE		0	3,564	0
EastGroup Properties	REIT	277276101	141	1,066	SH		SOLE		0	1,066	0
E.L.F. Beauty, Inc.	COM	26856L103	3	178	SH		SOLE		0	178	0
Companhia Paranaense COPEL	ADR	20441B407	45	2,685	SH		SOLE		0	2,685	0
iShares JPM USD Emrg Mkt Bd Fd	ETF	464288281	775	6,766	SH		SOLE		0	6,766	0
Enersis S.A.	ADR	29274F104	19	1,755	SH		SOLE		0	1,755	0
Entegris Inc	COM	29362U104	325	6,498	SH		SOLE		0	6,498	0
Epizyme, Inc.	COM	29428V104	5	203	SH		SOLE		0	203	0
Equinix Inc	REIT	29444U700	696	1,192	SH		SOLE		0	1,192	0
Edwards Lifesciences Corp.	COM	28176E108	2,134	9,147	SH		SOLE		0	9,147	0
Facebook, Inc. cl A	COM	30303M102	643	3,132	SH		SOLE		0	3,132	0
Fortune Brands Hm & Sec.	COM	34964C106	724	11,085	SH		SOLE		0	11,085	0
FTI Consulting, Inc.	COM	302941109	2	22	SH		SOLE		0	22	0
Fidelity National Info Srv	COM	31620M106	923	6,634	SH		SOLE		0	6,634	0
Fiserv Inc.	COM	337738108	987	8,540	SH		SOLE		0	8,540	0
Flexion Therapeutics, Inc.	COM	33938J106	3	138	SH		SOLE		0	138	0
Forterra, Inc.	COM	34960W106	3	298	SH		SOLE		0	298	0
Fortinet, Inc.	COM	34959E109	91	851	SH		SOLE		0	851	0
Liberty Media Corp Sr C New	CLA	531229854	345	7,502	SH		SOLE		0	7,502	0
Gerdau S.A. ADS	ADR	373737105	21	4,349	SH		SOLE		0	4,349	0
GMS Inc.	COM	36251C103	2	80	SH		SOLE		0	80	0
Generac Holdings Inc.	COM	368736104	4	35	SH		SOLE		0	35	0
Gentex Corporation	COM	371901109	140	4,840	SH		SOLE		0	4,840	0
Gol Linhas Aereas Intelgentes	ADR	38045R206	32	1,767	SH		SOLE		0	1,767	0
Global Payments Inc.	COM	37940X102	755	4,133	SH		SOLE		0	4,133	0
Garmin Ltd	COM	H2906T109	130	1,330	SH		SOLE		0	1,330	0
Hannon Armstrong Sustain Infra	REIT	41068X100	3	92	SH		SOLE		0	92	0
HEICO Corporation	COM	422806109	320	2,804	SH		SOLE		0	2,804	0
Helen of Troy Limited	COM	G4388N106	3	16	SH		SOLE		0	16	0
Hershey Co.	COM	427866108	686	4,665	SH		SOLE		0	4,665	0
Industrias Bachoco SAB de CV	ADR	456463108	16	312	SH		SOLE		0	312	0
iShares Nasdaq Biotech ETF	ETF	464287556	4	30	SH		SOLE		0	30	0
Intercept Pharmaceuticals Inc	COM	45845P108	12	93	SH		SOLE		0	93	0
Idexx Laboratories, Inc.	COM	45168D104	289	1,106	SH		SOLE		0	1,106	0
iShares Barclays 7-10 yr Tr Bd	ETF	464287440	1,145	10,390	SH		SOLE		0	10,390	0
Intuit Inc.	COM	461202103	159	607	SH		SOLE		0	607	0
Inphi Corporation	COM	45772F107	3	38	SH		SOLE		0	38	0
Independence Realty Trust, Inc	REIT	45378A106	2	159	SH		SOLE		0	159	0
Itron Inc.	COM	465741106	3	32	SH		SOLE		0	32	0
Itau Unibanco Banco Hldg S.A.	ADR	465562106	26	2,822	SH		SOLE		0	2,822	0
Jacobs Engineering Group	COM	469814107	703	7,821	SH		SOLE		0	7,821	0
Jabil Inc.	COM	466313103	340	8,225	SH		SOLE		0	8,225	0
SPDR Barclays High Yield Bond	ETF	78464A417	772	7,051	SH		SOLE		0	7,051	0
JPMorgan Chase & Co	COM	46625H100	762	5,469	SH		SOLE		0	5,469	0
KB Home	COM	48666K109	583	17,007	SH		SOLE		0	17,007	0
KBR, Inc.	COM	48242W106	3	113	SH		SOLE		0	113	0
Keysight Technologies Inc	COM	49338L103	995	9,692	SH		SOLE		0	9,692	0
KLA Corporation	COM	482480100	1,437	8,064	SH		SOLE		0	8,064	0
Kinder Morgan Inc cl P	CLA	49456B101	141	6,638	SH		SOLE		0	6,638	0
CarMax Inc.	COM	143130102	741	8,456	SH		SOLE		0	8,456	0
Kansas City Southern	COM	485170302	11	69	SH		SOLE		0	69	0
Liberty Broadband Corp Sr C	CLA	530307305	846	6,728	SH		SOLE		0	6,728	0
Leidos Holdings, Inc.	COM	525327102	153	1,563	SH		SOLE		0	1,563	0
LGI Homes, Inc.	COM	50187T106	3	39	SH		SOLE		0	39	0
Lockheed Martin Corp.	COM	539830109	589	1,512	SH		SOLE		0	1,512	0
Brasilagro Brazilian Agric ADS	ADR	10554B104	21	4,493	SH		SOLE		0	4,493	0
LivePerson Inc.	COM	538146101	2	61	SH		SOLE		0	61	0
iShares iBoxx $ Inves Grd Corp	ETF	464287242	771	6,026	SH		SOLE		0	6,026	0
Lam Research Corporation	COM	512807108	1,624	5,553	SH		SOLE		0	5,553	0
Lululemon Athletica Inc.	COM	550021109	15	64	SH		SOLE		0	64	0
Live Nation Entertainment, Inc	COM	538034109	81	1,131	SH		SOLE		0	1,131	0
Manhattan Associates, Inc.	COM	562750109	1,331	16,685	SH		SOLE		0	16,685	0
Masco Corporation	COM	574599106	11	226	SH		SOLE		0	226	0
MDC Holdings Inc	COM	552676108	119	3,112	SH		SOLE		0	3,112	0
Medtronic PLC	COM	G5960L103	142	1,255	SH		SOLE		0	1,255	0
MarketAxess Corporation	COM	57060D108	740	1,953	SH		SOLE		0	1,953	0
Herman Miller Inc.	COM	600544100	123	2,965	SH		SOLE		0	2,965	0
Martin Marietta Materials Inc	COM	573284106	664	2,373	SH		SOLE		0	2,373	0
Momenta Pharmaceuticals	COM	60877T100	310	15,711	SH		SOLE		0	15,711	0
Mercury Systems Inc	COM	589378108	3	37	SH		SOLE		0	37	0
Merck & Co. Inc.	COM	58933Y105	146	1,604	SH		SOLE		0	1,604	0
Marvell Technology Grp	COM	G5876H105	11	422	SH		SOLE		0	422	0
MSCI Inc.	COM	55354G100	758	2,934	SH		SOLE		0	2,934	0
Microsoft Corporation	COM	594918104	7,613	48,273	SH		SOLE		0	48,273	0
Motorola Solutions, Inc.	COM	620076307	169	1,046	SH		SOLE		0	1,046	0
MasTec Inc	COM	576323109	298	4,647	SH		SOLE		0	4,647	0
Neurocrine Biosciences Inc.	COM	64125C109	972	9,047	SH		SOLE		0	9,047	0
NMI Holdings Inc. Class A	COM	629209305	3	89	SH		SOLE		0	89	0
Northrop Grumman Corp	COM	666807102	928	2,698	SH		SOLE		0	2,698	0
ServiceNow, Inc.	COM	81762P102	57	201	SH		SOLE		0	201	0
NovoCure Limited	COM	G6674U108	2	29	SH		SOLE		0	29	0
NVIDIA Corp	COM	67066G104	1,515	6,439	SH		SOLE		0	6,439	0
NVR Inc.	COM	62944T105	343	90	SH		SOLE		0	90	0
Nevro Corp.	COM	64157F103	400	3,407	SH		SOLE		0	3,407	0
NorthWestern Corp	COM	668074305	131	1,833	SH		SOLE		0	1,833	0
Okta, Inc.	COM	679295105	467	4,048	SH		SOLE		0	4,048	0
Universal Display Corp	COM	91347P105	871	4,226	SH		SOLE		0	4,226	0
Grupo Aeroportuario del Centro	ADR	400501102	22	366	SH		SOLE		0	366	0
O'Reilly Automotive, Inc.	COM	67103H107	1,011	2,306	SH		SOLE		0	2,306	0
Grupo Aeroportuario Pacifico	ADR	400506101	20	170	SH		SOLE		0	170	0
Petroleo Brasilero ADS	ADR	71654V408	28	1,727	SH		SOLE		0	1,727	0
Procter & Gamble Co.	COM	742718109	152	1,213	SH		SOLE		0	1,213	0
PNM Resources, Inc.	COM	69349H107	131	2,588	SH		SOLE		0	2,588	0
Insulet Corp	COM	45784P101	2	14	SH		SOLE		0	14	0
Pilgrims Pride Corp	COM	72147K108	894	27,323	SH		SOLE		0	27,323	0
Pros Holdings, Inc.	COM	74346Y103	2	39	SH		SOLE		0	39	0
Phillips 66	COM	718546104	714	6,408	SH		SOLE		0	6,408	0
PTC Therapeutics, Inc.	COM	69366J200	2	41	SH		SOLE		0	41	0
Qorvo, Inc.	COM	74736K101	810	6,970	SH		SOLE		0	6,970	0
Repligen Corporation	COM	759916109	382	4,128	SH		SOLE		0	4,128	0
Royal Gold Inc.	COM	780287108	914	7,473	SH		SOLE		0	7,473	0
RH	COM	74967X103	3	13	SH		SOLE		0	13	0
ResMed Inc.	COM	761152107	832	5,367	SH		SOLE		0	5,367	0
Ringcentral Inc.	COM	76680R206	4	21	SH		SOLE		0	21	0
RenaissanceRe Hldgs	COM	G7496G103	346	1,764	SH		SOLE		0	1,764	0
R.R. Donnelley & Sons	COM	257867200	2	537	SH		SOLE		0	537	0
Reliance Steel & Aluminum	COM	759509102	900	7,512	SH		SOLE		0	7,512	0
Saia, Inc.	COM	78709Y105	2	25	SH		SOLE		0	25	0
SBA Communications Corp.	COM	78410G104	78	322	SH		SOLE		0	322	0
Companhia de Saneamento	ADR	20441A102	29	1,929	SH		SOLE		0	1,929	0
Starbucks Corporation	COM	855244109	1,728	19,650	SH		SOLE		0	19,650	0
Select Medical Holdings Corp	COM	81619Q105	319	13,663	SH		SOLE		0	13,663	0
Seattle Genetics, Inc.	COM	812578102	1,075	9,409	SH		SOLE		0	9,409	0
Sherwin-Williams Co.	COM	824348106	678	1,162	SH		SOLE		0	1,162	0
Skechers U.S.A. Inc.	COM	830566105	60	1,378	SH		SOLE		0	1,378	0
Scotts Miracle-Gro Co	COM	810186106	747	7,034	SH		SOLE		0	7,034	0
VanEck Vectors Semiconductor E	ETF	92189F676	1	10	SH		SOLE		0	10	0
Synopsys Inc.	COM	871607107	13	90	SH		SOLE		0	90	0
SPDR S&P 500 ETF Trust	ETF	78462F103	9	29	SH		SOLE		0	29	0
STORE Capital Corporation	COM	862121100	143	3,831	SH		SOLE		0	3,831	0
State Street Corp	COM	857477103	1,027	12,986	SH		SOLE		0	12,986	0
Sun Communities Inc.	REIT	866674104	778	5,183	SH		SOLE		0	5,183	0
Summit Materials, Inc. CL A	COM	86614U100	2	104	SH		SOLE		0	104	0
Synaptics Incorporated	COM	87157D109	306	4,653	SH		SOLE		0	4,653	0
Sysco Corporation	COM	871829107	147	1,718	SH		SOLE		0	1,718	0
Transdigm Group, Inc.	COM	893641100	1,206	2,154	SH		SOLE		0	2,154	0
Teladoc, Inc.	COM	87918A105	305	3,642	SH		SOLE		0	3,642	0
Teledyne Technologies Inc.	COM	879360105	1,149	3,315	SH		SOLE		0	3,315	0
Bio-Techne Corp	COM	09073M104	55	250	SH		SOLE		0	250	0
Teradyne Inc.	COM	880770102	1,194	17,513	SH		SOLE		0	17,513	0
Target Corporation	COM	87612E106	1,167	9,105	SH		SOLE		0	9,105	0
Tenet Healthcare Corp	COM	88033G407	308	8,091	SH		SOLE		0	8,091	0
TJX Companies Inc.	COM	872540109	372	6,096	SH		SOLE		0	6,096	0
Tempur-Sealy International Inc	COM	88023U101	836	9,604	SH		SOLE		0	9,604	0
TransUnion	COM	89400J107	616	7,200	SH		SOLE		0	7,200	0
Tyson Foods Inc	COM	902494103	949	10,429	SH		SOLE		0	10,429	0
Toro Company	COM	891092108	752	9,443	SH		SOLE		0	9,443	0
Texas Instruments, Inc.	COM	882508104	137	1,069	SH		SOLE		0	1,069	0
Tyler Technologies Inc.	COM	902252105	748	2,494	SH		SOLE		0	2,494	0
Ultra Clean Holdings, Inc.	COM	90385V107	2	105	SH		SOLE		0	105	0
United Rentals Inc.	COM	911363109	725	4,346	SH		SOLE		0	4,346	0
VISA Inc.	COM	92826C839	998	5,310	SH		SOLE		0	5,310	0
Veeva Systems Inc.	COM	922475108	1,443	10,261	SH		SOLE		0	10,261	0
Telefonica Brasil, S.A.	ADR	87936R106	22	1,521	SH		SOLE		0	1,521	0
Controladora Vuela Compania	ADR	21240E105	27	2,549	SH		SOLE		0	2,549	0
VMware, Inc. Cl A	COM	928563402	41	273	SH		SOLE		0	273	0
Verisk Analytics, Inc.	COM	92345Y106	164	1,098	SH		SOLE		0	1,098	0
VeriSign Inc	COM	92343E102	683	3,545	SH		SOLE		0	3,545	0
Vertex Pharmaceuticals	COM	92532F100	62	281	SH		SOLE		0	281	0
Western Alliance Bancorp.	COM	957638109	748	13,125	SH		SOLE		0	13,125	0
Waste Management Inc.	COM	94106L109	147	1,288	SH		SOLE		0	1,288	0
W.R. Berkley Corp	COM	084423102	620	8,970	SH		SOLE		0	8,970	0
West Pharmaceutical Svcs	COM	955306105	1,037	6,896	SH		SOLE		0	6,896	0
Aqua America, Inc.	COM	03836W103	744	15,852	SH		SOLE		0	15,852	0
Western Union	COM	959802109	140	5,237	SH		SOLE		0	5,237	0
Woodward, Inc.	COM	980745103	2	21	SH		SOLE		0	21	0
SPDR Cons Staples Slct	ETF	81369Y308	1,435	22,787	SH		SOLE		0	22,787	0
SPDR Utilities Select	ETF	81369Y886	1,437	22,230	SH		SOLE		0	22,230	0
SPDR Health Care Select Sector	ETF	81369Y209	4	36	SH		SOLE		0	36	0
DENTSPLY SIRONA Inc.	COM	24906P109	58	1,030	SH		SOLE		0	1,030	0
Xerox Corporation	COM	98421M106	174	4,713	SH		SOLE		0	4,713	0
Zebra Technologies Corp	COM	989207105	54	212	SH		SOLE		0	212	0
Zoetis Inc.	COM	98978V103	196	1,480	SH		SOLE		0	1,480	0