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
Acadia Healthcare Company Inc	COM	00404A109	22	342	SH		SOLE		0	342	0
Albemarle Corporation	COM	012653101	26	119	SH		SOLE		0	119	0
Align Technology Inc	COM	016255101	22	33	SH		SOLE		0	33	0
Alkermes plc	COM	G01767105	29	929	SH		SOLE		0	929	0
Applied Materials Inc.	COM	038222105	476	3,701	SH		SOLE		0	3,701	0
Arvinas Inc.	COM	04335A105	5	65	SH		SOLE		0	65	0
Athene Holding Ltd	COM	G0684D107	14	209	SH		SOLE		0	209	0
Allegheny Technologies, Inc.	COM	01741R102	63	3,795	SH		SOLE		0	3,795	0
Armstrong World Industries	COM	04247X102	66	694	SH		SOLE		0	694	0
Axos Financial, Inc.	COM	05465C100	92	1,788	SH		SOLE		0	1,788	0
Acuity Brands, Inc.	COM	00508Y102	538	3,102	SH		SOLE		0	3,102	0
Bed Bath & Beyond Inc	COM	075896100	3	193	SH		SOLE		0	193	0
Biohaven Pharma Hldg Co Ltd.	COM	G11196105	7	50	SH		SOLE		0	50	0
BILL COM HOLDINGS INC	COM	090043100	22	84	SH		SOLE		0	84	0
Bio-Rad Laboratories Cl A	COM	090572207	24	32	SH		SOLE		0	32	0
Brookdale Senior Living Inc.	COM	112463104	6	977	SH		SOLE		0	977	0
Builders FirstSource, Inc.	COM	12008R107	8	159	SH		SOLE		0	159	0
Bloomin' Brands, Inc.	COM	094235108	6	228	SH		SOLE		0	228	0
Boot Barn Holdings, Inc	COM	099406100	531	5,973	SH		SOLE		0	5,973	0
Box Inc.	COM	10316T104	6	253	SH		SOLE		0	253	0
Peabody Energy Corp	COM	704551100	11	715	SH		SOLE		0	715	0
Carrier Global Corp	COM	14448C104	21	412	SH		SOLE		0	412	0
CareDx, Inc.	COM	14167L103	6	95	SH		SOLE		0	95	0
CIT Group Inc.	COM	125581801	622	11,966	SH		SOLE		0	11,966	0
Celldex Therapeutics, Inc.	COM	15117B202	72	1,340	SH		SOLE		0	1,340	0
Commercial Metals Co	COM	201723103	465	15,280	SH		SOLE		0	15,280	0
Cohu, Inc.	COM	192576106	5	151	SH		SOLE		0	151	0
Coca-Cola Consolidated, Inc.	COM	191098102	66	167	SH		SOLE		0	167	0
Mr. Cooper Group Inc.	COM	62482R107	10	245	SH		SOLE		0	245	0
Costco Wholesale Corp	COM	22160K105	508	1,130	SH		SOLE		0	1,130	0
Capri Holdings Ltd.	COM	G1890L107	23	474	SH		SOLE		0	474	0
CrowdStrike Holdings, Inc.	CLA	22788C105	20	83	SH		SOLE		0	83	0
Camping World Holdings, Inc.	COM	13462K109	6	164	SH		SOLE		0	164	0
CryoPort, Inc.	COM	229050307	8	121	SH		SOLE		0	121	0
Designer Brands Inc.	COM	250565108	68	4,889	SH		SOLE		0	4,889	0
3D Systems Corp	COM	88554D205	6	208	SH		SOLE		0	208	0
Dillards Inc cl A	COM	254067101	10	60	SH		SOLE		0	60	0
Deere & Company	COM	244199105	107	320	SH		SOLE		0	320	0
Dell Technologies Inc. Cl C	CLA	24703L202	94	904	SH		SOLE		0	904	0
Dicks Sporting Goods Inc	COM	253393102	107	895	SH		SOLE		0	895	0
DOMO, INC	COM	257554105	558	6,613	SH		SOLE		0	6,613	0
Dynavax Technologies Corp	COM	268158201	567	29,521	SH		SOLE		0	29,521	0
iShares Select Dividend ETF	ETF	464287168	43	375	SH		SOLE		0	375	0
DXC Technology	COM	23355L106	429	12,771	SH		SOLE		0	12,771	0
DexCom, Inc.	COM	252131107	520	951	SH		SOLE		0	951	0
Eventbrite Inc. Cl A	CLA	29975E109	5	263	SH		SOLE		0	263	0
E.L.F. Beauty, Inc.	COM	26856L103	8	273	SH		SOLE		0	273	0
iShares JPM USD Emrg Mkt Bd Fd	ETF	464288281	33	298	SH		SOLE		0	298	0
Entegris Inc	COM	29362U104	848	6,739	SH		SOLE		0	6,739	0
Edgewell Personal Care Company	COM	28035Q102	5	131	SH		SOLE		0	131	0
Invesco Russell 1000 EW	ETF	46138E420	796	17,818	SH		SOLE		0	17,818	0
Evolent Health, Inc. Cl A	COM	30050B101	972	31,358	SH		SOLE		0	31,358	0
Evercore Partners, Inc.	COM	29977A105	21	156	SH		SOLE		0	156	0
Edwards Lifesciences Corp.	COM	28176E108	507	4,474	SH		SOLE		0	4,474	0
East West Bancorp, Inc.	COM	27579R104	640	8,255	SH		SOLE		0	8,255	0
Expeditors International of WA	COM	302130109	22	183	SH		SOLE		0	183	0
Diamondback Energy, Inc.	COM	25278X109	24	250	SH		SOLE		0	250	0
Fortinet, Inc.	COM	34959E109	632	2,163	SH		SOLE		0	2,163	0
General Electric Company	COM	369604301	528	5,123	SH		SOLE		0	5,123	0
Globus Medical, Inc.	COM	379577208	70	920	SH		SOLE		0	920	0
Generac Holdings Inc.	COM	368736104	667	1,632	SH		SOLE		0	1,632	0
Alphabet Inc. Class C	COM	02079K107	962	361	SH		SOLE		0	361	0
Garmin Ltd	COM	H2906T109	20	131	SH		SOLE		0	131	0
Goodyear Tire & Rubber	COM	382550101	67	3,800	SH		SOLE		0	3,800	0
Great Western Bancorp, Inc.	COM	391416104	79	2,407	SH		SOLE		0	2,407	0
Hibbett Sports, Inc.	COM	428567101	8	109	SH		SOLE		0	109	0
Hubspot Inc	COM	443573100	501	741	SH		SOLE		0	741	0
Horizon Therapeutics PLC	COM	G46188101	15	134	SH		SOLE		0	134	0
iShares Nasdaq Biotech ETF	ETF	464287556	2,871	17,756	SH		SOLE		0	17,756	0
Ichor Holdings	COM	G4740B105	4	108	SH		SOLE		0	108	0
iShares North Amer Tech-Soft	ETF	464287515	1,211	3,033	SH		SOLE		0	3,033	0
Interpublic Group	COM	460690100	548	14,942	SH		SOLE		0	14,942	0
Intuitive Surgical, Inc.	COM	46120E602	24	24	SH		SOLE		0	24	0
Gartner, Inc.	COM	366651107	530	1,745	SH		SOLE		0	1,745	0
Invesco Ltd.	COM	G491BT108	19	800	SH		SOLE		0	800	0
SPDR Barclays High Yield Bond	ETF	78464A417	35	318	SH		SOLE		0	318	0
KBR, Inc.	COM	48242W106	467	11,851	SH		SOLE		0	11,851	0
Korn Ferry	COM	500643200	7	95	SH		SOLE		0	95	0
Kohl's Corporation	COM	500255104	522	11,081	SH		SOLE		0	11,081	0
Kontoor Brands, Inc.	COM	50050N103	6	121	SH		SOLE		0	121	0
LGI Homes, Inc.	COM	50187T106	5	35	SH		SOLE		0	35	0
LKQ Corporation	COM	501889208	21	415	SH		SOLE		0	415	0
Lincoln National Corp	COM	534187109	599	8,710	SH		SOLE		0	8,710	0
Lantheus Holdings, Inc.	COM	516544103	7	283	SH		SOLE		0	283	0
iShares iBoxx Inves Grd Corp	ETF	464287242	33	245	SH		SOLE		0	245	0
Livent Corp.	COM	53814L108	718	31,056	SH		SOLE		0	31,056	0
Manhattan Associates, Inc.	COM	562750109	109	713	SH		SOLE		0	713	0
Allscripts Healthcare Solution	COM	01988P108	5	360	SH		SOLE		0	360	0
Herman Miller Inc.	COM	600544100	3	75	SH		SOLE		0	75	0
Moderna Inc.	COM	60770K107	893	2,320	SH		SOLE		0	2,320	0
Marathon Oil Corp	COM	565849106	24	1,743	SH		SOLE		0	1,743	0
Microsoft Corporation	COM	594918104	20	71	SH		SOLE		0	71	0
Mettler-Toledo Intl	COM	592688105	18	13	SH		SOLE		0	13	0
Matador Resources Company	COM	576485205	765	20,122	SH		SOLE		0	20,122	0
Cloudflare Inc	COM	18915M107	22	199	SH		SOLE		0	199	0
Natera, Inc.	COM	632307104	7	67	SH		SOLE		0	67	0
Nucor Corporation	COM	670346105	86	876	SH		SOLE		0	876	0
NVIDIA Corp	COM	67066G104	719	3,473	SH		SOLE		0	3,473	0
Old Dominion Freight	COM	679580100	14	50	SH		SOLE		0	50	0
Oceaneering International	COM	675232102	9	669	SH		SOLE		0	669	0
Olin Corporation	COM	680665205	28	575	SH		SOLE		0	575	0
Omnicell Inc.	COM	68213N109	7	50	SH		SOLE		0	50	0
Old Republic Int'l Corp	COM	680223104	56	2,431	SH		SOLE		0	2,431	0
Oshkosh Corporation	COM	688239201	48	472	SH		SOLE		0	472	0
Otis Worldwide Corp	COM	68902V107	21	252	SH		SOLE		0	252	0
Paylocity Holding Corporation	COM	70438V106	560	1,996	SH		SOLE		0	1,996	0
Impinj, Inc.	COM	453204109	6	107	SH		SOLE		0	107	0
Perficient, Inc.	COM	71375U101	659	5,699	SH		SOLE		0	5,699	0
Quanta Services Inc.	COM	74762E102	542	4,762	SH		SOLE		0	4,762	0
Repligen Corporation	COM	759916109	521	1,803	SH		SOLE		0	1,803	0
Rapid7, Inc.	COM	753422104	568	5,027	SH		SOLE		0	5,027	0
Ramco-Gershenson Properties	REIT	74971D101	7	512	SH		SOLE		0	512	0
Signature Bank	COM	82669G104	23	84	SH		SOLE		0	84	0
Santander Consmer USA Hdng Inc	COM	80283M101	15	365	SH		SOLE		0	365	0
SVB Financial Group	COM	78486Q101	877	1,356	SH		SOLE		0	1,356	0
Six Flags Entertainment Corp.	COM	83001A102	62	1,461	SH		SOLE		0	1,461	0
VanEck Vectors Semiconductor E	ETF	92189F676	2,884	11,252	SH		SOLE		0	11,252	0
Sonos Inc.	COM	83570H108	8	238	SH		SOLE		0	238	0
SPS Commerce, Inc.	COM	78463M107	516	3,197	SH		SOLE		0	3,197	0
SPDR S&P 500 ETF Trust	ETF	78462F103	2,159	5,031	SH		SOLE		0	5,031	0
Square, Inc. Class A	COM	852234103	708	2,953	SH		SOLE		0	2,953	0
Steel Dynamics Inc.	COM	858119100	462	7,900	SH		SOLE		0	7,900	0
Texas Capital Bancshares	COM	88224Q107	64	1,064	SH		SOLE		0	1,064	0
Atlassian Corporation Plc	COM	G06242104	23	60	SH		SOLE		0	60	0
Terex Corp.	COM	880779103	7	159	SH		SOLE		0	159	0
Triumph Group Inc.	COM	896818101	6	327	SH		SOLE		0	327	0
Target Corporation	COM	87612E106	673	2,944	SH		SOLE		0	2,944	0
Tenet Healthcare Corp	COM	88033G407	100	1,500	SH		SOLE		0	1,500	0
Trimble Inc.	COM	896239100	97	1,183	SH		SOLE		0	1,183	0
Trupanion, Inc.	COM	898202106	6	77	SH		SOLE		0	77	0
Tesla, Inc.	COM	88160R101	631	814	SH		SOLE		0	814	0
United Rentals Inc.	COM	911363109	115	327	SH		SOLE		0	327	0
Vanguard Small-Cap ETF	ETF	922908751	4,106	18,775	SH		SOLE		0	18,775	0
Vanguard Sm Cap Value	ETF	922908611	2,581	15,249	SH		SOLE		0	15,249	0
Vericel Corporation	COM	92346J108	670	13,721	SH		SOLE		0	13,721	0
Vicor Corporation	COM	925815102	7	52	SH		SOLE		0	52	0
Vanguard Mid-Cap ETF	ETF	922908629	3,913	16,529	SH		SOLE		0	16,529	0
Vanguard S-T Inflation-Protect	ETF	922020805	6,944	132,066	SH		SOLE		0	132,066	0
Vanguard Large-Cap ETF	ETF	922908637	7	37	SH		SOLE		0	37	0
Western Alliance Bancorp.	COM	957638109	22	199	SH		SOLE		0	199	0
Wells Fargo & Co	COM	949746101	537	11,567	SH		SOLE		0	11,567	0
Workiva Inc. Class A	COM	98139A105	560	3,974	SH		SOLE		0	3,974	0
West Pharmaceutical Svcs	COM	955306105	21	49	SH		SOLE		0	49	0
Cimarex Energy Co	COM	171798101	574	6,586	SH		SOLE		0	6,586	0
SPDR Select Technology	ETF	81369Y803	4	29	SH		SOLE		0	29	0
SPDR Cons Staples Slct	ETF	81369Y308	38	550	SH		SOLE		0	550	0
SPDR Utilities Select	ETF	81369Y886	1,164	18,221	SH		SOLE		0	18,221	0