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

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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	92	914	SH		SOLE		0	914	0
Apple Inc.	COM	037833100	1,051	9,072	SH		SOLE		0	9,072	0
AbbVie Inc.	COM	00287Y109	77	884	SH		SOLE		0	884	0
AmerisourceBergen Corp	COM	03073E105	83	855	SH		SOLE		0	855	0
Abiomed Inc.	COM	003654100	7	26	SH		SOLE		0	26	0
Abbott Laboratories	COM	002824100	98	904	SH		SOLE		0	904	0
Adobe Inc.	COM	00724F101	331	675	SH		SOLE		0	675	0
AES Corporation	COM	00130H105	69	3,789	SH		SOLE		0	3,789	0
iShares Core US Aggrgt Bd ETF	ETF	464287226	1,580	13,386	SH		SOLE		0	13,386	0
Akamai Technologies Inc.	COM	00971T101	85	770	SH		SOLE		0	770	0
Alarm.com Holdings, Inc.	COM	011642105	5	86	SH		SOLE		0	86	0
Advanced Micro Devices	COM	007903107	520	6,341	SH		SOLE		0	6,341	0
Amedisys Inc.	COM	023436108	7	29	SH		SOLE		0	29	0
Amazon.com Inc.	COM	023135106	334	106	SH		SOLE		0	106	0
Air Products & Chemicals	COM	009158106	81	272	SH		SOLE		0	272	0
Ardelyx, Inc.	COM	039697107	3	529	SH		SOLE		0	529	0
AtriCure, Inc.	COM	04963C209	4	107	SH		SOLE		0	107	0
Activision Blizzard, Inc.	COM	00507V109	67	830	SH		SOLE		0	830	0
Avalara, Inc.	COM	05338G106	282	2,212	SH		SOLE		0	2,212	0
Bandwidth Inc. Cl A	CLA	05988J103	373	2,134	SH		SOLE		0	2,134	0
Boise Cascade LLC	COM	09739D100	272	6,816	SH		SOLE		0	6,816	0
B&G Foods, Inc.	COM	05508R106	406	14,611	SH		SOLE		0	14,611	0
Big Lots Inc	COM	089302103	338	7,583	SH		SOLE		0	7,583	0
SPDR Barclays 1-3 Month T-Bill	ETF	78468R663	90	988	SH		SOLE		0	988	0
Builders FirstSource, Inc.	COM	12008R107	5	159	SH		SOLE		0	159	0
Ball Corporation	COM	058498106	93	1,115	SH		SOLE		0	1,115	0
Bristol-Myers Squibb Co.	COM	110122108	60	1,001	SH		SOLE		0	1,001	0
Conagra Brands Inc.	COM	205887102	87	2,446	SH		SOLE		0	2,446	0
Cadence Design Systems, Inc.	COM	127387108	120	1,122	SH		SOLE		0	1,122	0
Church & Dwight Co Inc	COM	171340102	99	1,057	SH		SOLE		0	1,057	0
Chegg, Inc.	COM	163092109	14	200	SH		SOLE		0	200	0
C.H. Robinson Worldwide, Inc.	COM	12541W209	105	1,032	SH		SOLE		0	1,032	0
Cincinnati Financial Corp	COM	172062101	47	599	SH		SOLE		0	599	0
Comcast cl A	COM	20030N101	93	2,016	SH		SOLE		0	2,016	0
Chipotle Mexican Grill	COM	169656105	123	99	SH		SOLE		0	99	0
Centene Corporation	COM	15135B101	78	1,329	SH		SOLE		0	1,329	0
Americold Realty Trust	COM	03064D108	80	2,230	SH		SOLE		0	2,230	0
CyrusOne Inc	COM	23283R100	78	1,117	SH		SOLE		0	1,117	0
Mr. Cooper Group Inc.	COM	62482R107	5	245	SH		SOLE		0	245	0
Coupa Software Inc	COM	22266L106	448	1,632	SH		SOLE		0	1,632	0
Cree Inc.	COM	225447101	294	4,613	SH		SOLE		0	4,613	0
Catalent, Inc.	COM	148806102	16	183	SH		SOLE		0	183	0
Cognizant Tech Solutions	COM	192446102	88	1,271	SH		SOLE		0	1,271	0
Carvana Co	COM	146869102	23	103	SH		SOLE		0	103	0
Clearway Energy Inc. Cl C	CLA	18539C204	100	3,698	SH		SOLE		0	3,698	0
Camping World Holdings, Inc.	COM	13462K109	5	164	SH		SOLE		0	164	0
CryoPort, Inc.	COM	229050307	6	121	SH		SOLE		0	121	0
Datadog, Inc	COM	23804L103	18	172	SH		SOLE		0	172	0
Deere & Company	COM	244199105	308	1,390	SH		SOLE		0	1,390	0
D.R. Horton Inc.	COM	23331A109	11	144	SH		SOLE		0	144	0
Danaher Corporation	COM	235851102	17	77	SH		SOLE		0	77	0
DOCUSIGN INC	COM	256163106	344	1,599	SH		SOLE		0	1,599	0
DOMO, INC	COM	257554105	4	112	SH		SOLE		0	112	0
Duke Realty Corp	REIT	264411505	84	2,287	SH		SOLE		0	2,287	0
DaVita HealthCare Partners Inc	COM	23918K108	61	709	SH		SOLE		0	709	0
DexCom, Inc.	COM	252131107	81	196	SH		SOLE		0	196	0
eBay Inc.	COM	278642103	97	1,859	SH		SOLE		0	1,859	0
E.L.F. Beauty, Inc.	COM	26856L103	5	273	SH		SOLE		0	273	0
iShares JPM USD Emrg Mkt Bd Fd	ETF	464288281	173	1,556	SH		SOLE		0	1,556	0
Entegris Inc	COM	29362U104	415	5,578	SH		SOLE		0	5,578	0
Equinix Inc	REIT	29444U700	16	21	SH		SOLE		0	21	0
Etsy, Inc.	COM	29786A106	16	135	SH		SOLE		0	135	0
Evolent Health, Inc. Cl A	COM	30050B101	323	25,988	SH		SOLE		0	25,988	0
Expeditors International of WA	COM	302130109	97	1,068	SH		SOLE		0	1,068	0
Fastenal Company	COM	311900104	88	1,952	SH		SOLE		0	1,952	0
Fate Therapeutics, Inc.	COM	31189P102	6	159	SH		SOLE		0	159	0
Facebook, Inc. cl A	COM	30303M102	311	1,186	SH		SOLE		0	1,186	0
Freeport-McMoRan Inc.	COM	35671D857	294	18,768	SH		SOLE		0	18,768	0
FedEx Corp	COM	31428X106	392	1,560	SH		SOLE		0	1,560	0
1-800-Flowers.com cl A	COM	68243Q106	4	169	SH		SOLE		0	169	0
FMC Corporation	COM	302491303	87	826	SH		SOLE		0	826	0
Forterra, Inc.	COM	34960W106	5	457	SH		SOLE		0	457	0
First Solar, Inc.	COM	336433107	283	4,279	SH		SOLE		0	4,279	0
Fortinet, Inc.	COM	34959E109	54	459	SH		SOLE		0	459	0
General Mills Inc.	COM	370334104	83	1,339	SH		SOLE		0	1,339	0
SPDR Gold Trust	ETF	78463V107	1,593	8,992	SH		SOLE		0	8,992	0
GMS Inc.	COM	36251C103	3	123	SH		SOLE		0	123	0
Generac Holdings Inc.	COM	368736104	507	2,616	SH		SOLE		0	2,616	0
Garmin Ltd	COM	H2906T109	84	884	SH		SOLE		0	884	0
Hain Celestial Group Inc.	COM	405217100	301	8,785	SH		SOLE		0	8,785	0
Hibbett Sports, Inc.	COM	428567101	4	109	SH		SOLE		0	109	0
Houlihan Lokey, Inc.	COM	441593100	80	1,351	SH		SOLE		0	1,351	0
At Home Group Inc.	COM	04650Y100	4	263	SH		SOLE		0	263	0
Hormel Foods Corp	COM	440452100	87	1,781	SH		SOLE		0	1,781	0
Horizon Therapeutics PLC	COM	G46188101	10	132	SH		SOLE		0	132	0
iShares Nasdaq Biotech ETF	ETF	464287556	1,639	12,104	SH		SOLE		0	12,104	0
Intercontinental Exchange Inc.	COM	45866F104	91	913	SH		SOLE		0	913	0
iShares Barclays 7-10 yr Tr Bd	ETF	464287440	2,990	24,543	SH		SOLE		0	24,543	0
iShares North Amer Tech-Soft	ETF	464287515	3,071	9,870	SH		SOLE		0	9,870	0
IHS Markit Ltd.	COM	G47567105	87	1,105	SH		SOLE		0	1,105	0
IPG Photonics Corporation	COM	44980X109	57	338	SH		SOLE		0	338	0
Inphi Corporation	COM	45772F107	20	182	SH		SOLE		0	182	0
Irhythm Technologies, Inc	COM	450056106	8	32	SH		SOLE		0	32	0
Intuitive Surgical, Inc.	COM	46120E602	18	26	SH		SOLE		0	26	0
SPDR Barclays High Yield Bond	ETF	78464A417	175	1,680	SH		SOLE		0	1,680	0
Juniper Networks Inc	COM	48203R104	77	3,587	SH		SOLE		0	3,587	0
James River Group Holdings Ltd	COM	G5005R107	84	1,894	SH		SOLE		0	1,894	0
The Kraft Heinz Company	COM	500754106	78	2,613	SH		SOLE		0	2,613	0
Lithia Motors Inc.	COM	536797103	276	1,209	SH		SOLE		0	1,209	0
Lincoln Electric Holdings	COM	533900106	85	920	SH		SOLE		0	920	0
Limelight Networks, Inc.	COM	53261M104	3	520	SH		SOLE		0	520	0
Lowes Companies Inc.	COM	548661107	16	98	SH		SOLE		0	98	0
LivePerson Inc.	COM	538146101	4	73	SH		SOLE		0	73	0
iShares iBoxx Inves Grd Corp	ETF	464287242	171	1,271	SH		SOLE		0	1,271	0
Lululemon Athletica Inc.	COM	550021109	17	51	SH		SOLE		0	51	0
Manhattan Associates, Inc.	COM	562750109	72	753	SH		SOLE		0	753	0
The Michaels Companies, Inc.	COM	59408Q106	4	401	SH		SOLE		0	401	0
Monster Beverage Corporation	COM	61174X109	96	1,195	SH		SOLE		0	1,195	0
Monolithic Power Systems	COM	609839105	17	60	SH		SOLE		0	60	0
Moderna Inc.	COM	60770K107	491	6,939	SH		SOLE		0	6,939	0
Microsoft Corporation	COM	594918104	52	246	SH		SOLE		0	246	0
Maxim Integrated Products	COM	57772K101	89	1,318	SH		SOLE		0	1,318	0
Newmont Mining Corp	COM	651639106	173	2,731	SH		SOLE		0	2,731	0
Netflix Inc	COM	64110L106	371	742	SH		SOLE		0	742	0
Natera, Inc.	COM	632307104	5	67	SH		SOLE		0	67	0
NovoCure Limited	COM	G6674U108	8	74	SH		SOLE		0	74	0
NVIDIA Corp	COM	67066G104	138	255	SH		SOLE		0	255	0
Nevro Corp.	COM	64157F103	6	43	SH		SOLE		0	43	0
Old Dominion Freight	COM	679580100	16	87	SH		SOLE		0	87	0
Okta, Inc.	COM	679295105	361	1,689	SH		SOLE		0	1,689	0
Ollie's Bargain Outlet Holding	COM	681116109	56	637	SH		SOLE		0	637	0
Paccar Inc.	COM	693718108	88	1,037	SH		SOLE		0	1,037	0
Progressive Corp.	COM	743315103	96	1,018	SH		SOLE		0	1,018	0
PerkinElmer Inc.	COM	714046109	101	804	SH		SOLE		0	804	0
ProLogis, Inc.	REIT	74340W103	88	874	SH		SOLE		0	874	0
Insulet Corp	COM	45784P101	23	98	SH		SOLE		0	98	0
Proto Labs, Inc.	COM	743713109	278	2,149	SH		SOLE		0	2,149	0
PayPal Holdings, Inc.	COM	70450Y103	16	82	SH		SOLE		0	82	0
Papa Johns Intl Inc.	COM	698813102	267	3,239	SH		SOLE		0	3,239	0
QTS Realty Trust, Inc.	COM	74736A103	80	1,265	SH		SOLE		0	1,265	0
Renewable Energy Grp Inc	COM	75972A301	459	8,596	SH		SOLE		0	8,596	0
Regeneron Pharmaceuticals	COM	75886F107	293	524	SH		SOLE		0	524	0
Repligen Corporation	COM	759916109	338	2,289	SH		SOLE		0	2,289	0
Ringcentral Inc.	COM	76680R206	9	32	SH		SOLE		0	32	0
Rockwell Automation Inc	COM	773903109	66	298	SH		SOLE		0	298	0
Rollins Inc.	COM	775711104	176	3,241	SH		SOLE		0	3,241	0
RPM International, Inc.	COM	749685103	92	1,105	SH		SOLE		0	1,105	0
Revance Therapeutics, Inc.	COM	761330109	4	170	SH		SOLE		0	170	0
Saia, Inc.	COM	78709Y105	299	2,367	SH		SOLE		0	2,367	0
Sailpoint Tech Holdings, Inc.	COM	78781P105	387	9,772	SH		SOLE		0	9,772	0
SBA Communications Corp.	COM	78410G104	133	418	SH		SOLE		0	418	0
Southern Copper Corp.	COM	84265V105	96	2,127	SH		SOLE		0	2,127	0
Seagen, Inc.	COM	81181C104	548	2,798	SH		SOLE		0	2,798	0
VanEck Vectors Semiconductor E	ETF	92189F676	3,190	18,314	SH		SOLE		0	18,314	0
S&P Global Inc.	COM	78409V104	16	45	SH		SOLE		0	45	0
Splunk Inc.	COM	848637104	14	76	SH		SOLE		0	76	0
Sportsman's Warehouse Holdings	COM	84920Y106	4	300	SH		SOLE		0	300	0
SPDR S&P 500 ETF Trust	ETF	78462F103	1,583	4,728	SH		SOLE		0	4,728	0
Square, Inc. Class A	COM	852234103	476	2,927	SH		SOLE		0	2,927	0
Skyworks Solutions Inc	COM	83088M102	327	2,249	SH		SOLE		0	2,249	0
Teladoc, Inc.	COM	87918A105	347	1,582	SH		SOLE		0	1,582	0
Atlassian Corporation Plc	COM	G06242104	60	330	SH		SOLE		0	330	0
Target Corporation	COM	87612E106	384	2,442	SH		SOLE		0	2,442	0
TG Therapeutics, Inc	COM	88322Q108	7	274	SH		SOLE		0	274	0
iShares Barclays TIPS Bds ETF	ETF	464287176	3,227	25,511	SH		SOLE		0	25,511	0
iShares Barclays 20 yr Tr Bnd	ETF	464287432	2,187	13,395	SH		SOLE		0	13,395	0
T-Mobile US, Inc.	COM	872590104	94	826	SH		SOLE		0	826	0
Tandem Diabetes Care, Inc.	COM	875372203	17	150	SH		SOLE		0	150	0
Trimble Inc.	COM	896239100	61	1,258	SH		SOLE		0	1,258	0
Trupanion, Inc.	COM	898202106	6	77	SH		SOLE		0	77	0
Tractor Supply Co.	COM	892356106	475	3,315	SH		SOLE		0	3,315	0
Tesla, Inc.	COM	88160R101	281	655	SH		SOLE		0	655	0
Trade Desk, Inc.	COM	88339J105	348	671	SH		SOLE		0	671	0
Take-Two Interactive Software	COM	874054109	300	1,818	SH		SOLE		0	1,818	0
Twilio Inc	COM	90138F102	376	1,521	SH		SOLE		0	1,521	0
2U, Inc.	COM	90214J101	12	341	SH		SOLE		0	341	0
Twist Bioscience Corporation	COM	90184D100	5	67	SH		SOLE		0	67	0
Veeva Systems Inc.	COM	922475108	17	60	SH		SOLE		0	60	0
Vertex Pharmaceuticals	COM	92532F100	99	365	SH		SOLE		0	365	0
Wayfair Inc Class A	COM	94419L101	454	1,560	SH		SOLE		0	1,560	0
Waddell & Reed cl A	COM	930059100	85	5,717	SH		SOLE		0	5,717	0
West Pharmaceutical Svcs	COM	955306105	16	60	SH		SOLE		0	60	0
SPDR Select Technology	ETF	81369Y803	5	47	SH		SOLE		0	47	0
SPDR Cons Staples Slct	ETF	81369Y308	248	3,875	SH		SOLE		0	3,875	0
Zebra Technologies Corp	COM	989207105	70	276	SH		SOLE		0	276	0
Zoom Video Communications, Inc	CLA	98980L101	15	31	SH		SOLE		0	31	0
Zscaler, Inc.	COM	98980G102	9	61	SH		SOLE		0	61	0