# EDGAR Filing Document

**Accession Number:** 0001128074
**File Stem:** 0001128074-26-000003
**Filing Date:** 2026-5
**Character Count:** 11544
**Document Hash:** 7be5f83444dcd213a47cbd2835cf9fdf
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001128074-26-000003.hdr.sgml**: 20260506

**ACCESSION NUMBER**: 0001128074-26-000003

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260506

**DATE AS OF CHANGE**: 20260506

**EFFECTIVENESS DATE**: 20260506

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** HANSEATIC MANAGEMENT SERVICES INC
- **CENTRAL INDEX KEY:** 0001128074

**ORGANIZATION NAME:**
- **EIN:** 850432428
- **STATE OF INCORPORATION:** NM
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-05935
- **FILM NUMBER:** 26947463

**BUSINESS ADDRESS:**
- **STREET 1:** 5600 WYOMING NE SUITE 220
- **CITY:** ALBUQUERQUE
- **STATE:** NM
- **ZIP:** 87109
- **BUSINESS PHONE:** 5058282824

**MAIL ADDRESS:**
- **STREET 1:** 5600 WYOMING NE SUITE 220
- **CITY:** ALBUQUERQUE
- **STATE:** NM
- **ZIP:** 87109

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 03-31-2026

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** HANSEATIC MANAGEMENT SERVICES INC<br>**Address:** 5600 WYOMING NE SUITE 220<br>ALBUQUERQUE, NM 87109

**Form 13F File Number:** 028-05935

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** Russell Sanderson<br>**Title:** CIO<br>**Phone:** 505-314-5882

**Signature, Place, and Date of Signing:**

/s/ Russell Sanderson  Albuquerque, NM  05-06-2026<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 0

**Form 13F Information Table Entry Total:** 80

**Form 13F Information Table Value Total:** $104467015

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

**NONE**

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| Alcoa Corp | Common | 013872106 |  | 1191154 | 17958 | SH |  | SOLE |  | 0 | 17958 | 0 |
| Apple Inc. | Common | 037833100 |  | 1427314 | 5624 | SH |  | SOLE |  | 0 | 5624 | 0 |
| Analog Devices Inc. | Common | 032654105 |  | 375723 | 1181 | SH |  | SOLE |  | 0 | 1181 | 0 |
| Applied Materials Inc. | Common | 038222105 |  | 1525066 | 4462 | SH |  | SOLE |  | 0 | 4462 | 0 |
| Advanced Micro Devices | Common | 007903107 |  | 368818 | 1813 | SH |  | SOLE |  | 0 | 1813 | 0 |
| Amkor Technology Inc | Common | 031652100 |  | 920052 | 20432 | SH |  | SOLE |  | 0 | 20432 | 0 |
| Amphenol Corp. | Common | 032095101 |  | 388020 | 3071 | SH |  | SOLE |  | 0 | 3071 | 0 |
| AST SpaceMobile Inc. Class A | Common | 00217D100 |  | 1145180 | 13819 | SH |  | SOLE |  | 0 | 13819 | 0 |
| Broadcom Limited | Common | 11135F101 |  | 306724 | 991 | SH |  | SOLE |  | 0 | 991 | 0 |
| Graniteshares Gold Trust | ETF | 38748G101 |  | 1275679 | 27654 | SH |  | SOLE |  | 0 | 27654 | 0 |
| Bloom Energy Corp. | Common | 093712107 |  | 1399340 | 10328 | SH |  | SOLE |  | 0 | 10328 | 0 |
| Brightspring Health Ser Inc. | Common | 10950A106 |  | 330568 | 7758 | SH |  | SOLE |  | 0 | 7758 | 0 |
| Cardinal Health Inc. | Common | 14149Y108 |  | 357113 | 1690 | SH |  | SOLE |  | 0 | 1690 | 0 |
| Ciena Corporation | Common | 171779309 |  | 1458191 | 3756 | SH |  | SOLE |  | 0 | 3756 | 0 |
| Coherent Corporation | Common | 19247G107 |  | 2221784 | 9327 | SH |  | SOLE |  | 0 | 9327 | 0 |
| Carpenter Technology Corp | Common | 144285103 |  | 2019624 | 5124 | SH |  | SOLE |  | 0 | 5124 | 0 |
| CVS Health Corporation | Common | 126650100 |  | 773357 | 10768 | SH |  | SOLE |  | 0 | 10768 | 0 |
| Darling Ingredients Inc. | Common | 237266101 |  | 1331383 | 21526 | SH |  | SOLE |  | 0 | 21526 | 0 |
| Dollar General Corp. | Common | 256677105 |  | 293381 | 2471 | SH |  | SOLE |  | 0 | 2471 | 0 |
| Dollar Tree Inc. | Common | 256746108 |  | 949670 | 8672 | SH |  | SOLE |  | 0 | 8672 | 0 |
| DXP Enterprises Inc. | Common | 233377407 |  | 297345 | 2128 | SH |  | SOLE |  | 0 | 2128 | 0 |
| Freeport-McMoRan Inc. | Common | 35671D857 |  | 1159846 | 19732 | SH |  | SOLE |  | 0 | 19732 | 0 |
| Fidelity Industrials Index ETF | ETF | 316092709 |  | 2002245 | 23142 | SH |  | SOLE |  | 0 | 23142 | 0 |
| Five Below Inc. | Common | 33829M101 |  | 846746 | 3706 | SH |  | SOLE |  | 0 | 3706 | 0 |
| FormFactor Inc | Common | 346375108 |  | 1333612 | 13750 | SH |  | SOLE |  | 0 | 13750 | 0 |
| GE Aerospace | Common | 369604301 |  | 1959715 | 6906 | SH |  | SOLE |  | 0 | 6906 | 0 |
| Corning Inc. | Common | 219350105 |  | 2246632 | 16523 | SH |  | SOLE |  | 0 | 16523 | 0 |
| General Motors Company | Common | 37045V100 |  | 374139 | 5022 | SH |  | SOLE |  | 0 | 5022 | 0 |
| Alphabet Inc. Class C | Common | 02079K107 |  | 1218007 | 4246 | SH |  | SOLE |  | 0 | 4246 | 0 |
| Goldman Sachs Equal Weight US | ETF | 381430438 |  | 2240950 | 26470 | SH |  | SOLE |  | 0 | 26470 | 0 |
| Interactive Brokers Group | Common | 45841N107 |  | 2107138 | 31417 | SH |  | SOLE |  | 0 | 31417 | 0 |
| iShares Liquidity Income Fund | ETF | 46434V878 |  | 12318528 | 243353 | SH |  | SOLE |  | 0 | 243353 | 0 |
| Intel Corporation | Common | 458140100 |  | 366190 | 8298 | SH |  | SOLE |  | 0 | 8298 | 0 |
| Jabil Inc. | Common | 466313103 |  | 1505059 | 5666 | SH |  | SOLE |  | 0 | 5666 | 0 |
| Kodiak Gas Services Inc | Common | 50012A108 |  | 858820 | 14726 | SH |  | SOLE |  | 0 | 14726 | 0 |
| KLA Corporation | Common | 482480100 |  | 344543 | 234 | SH |  | SOLE |  | 0 | 234 | 0 |
| Krystal Biotech Inc. | Common | 501147102 |  | 774185 | 2997 | SH |  | SOLE |  | 0 | 2997 | 0 |
| NLIGHT INC | Common | 65487K100 |  | 1733122 | 30395 | SH |  | SOLE |  | 0 | 30395 | 0 |
| Liberty Energy Inc. | Common | 53115L104 |  | 278524 | 9671 | SH |  | SOLE |  | 0 | 9671 | 0 |
| Centrus Energy Corp. | Common | 15643U104 |  | 504105 | 2904 | SH |  | SOLE |  | 0 | 2904 | 0 |
| Lincoln Educational Srvcs | Common | 533535100 |  | 972292 | 23901 | SH |  | SOLE |  | 0 | 23901 | 0 |
| Lumentum Holdings Inc. | Common | 55024U109 |  | 2674704 | 3806 | SH |  | SOLE |  | 0 | 3806 | 0 |
| Liquidia Corporation | Common | 53635D202 |  | 772462 | 20468 | SH |  | SOLE |  | 0 | 20468 | 0 |
| Southwest Airlines Co. | Common | 844741108 |  | 266408 | 7091 | SH |  | SOLE |  | 0 | 7091 | 0 |
| Mednax Inc. | Common | 58502B106 |  | 1081136 | 50544 | SH |  | SOLE |  | 0 | 50544 | 0 |
| MP Materials Corp. | Common | 553368101 |  | 481538 | 9978 | SH |  | SOLE |  | 0 | 9978 | 0 |
| Microsoft Corporation | Common | 594918104 |  | 233947 | 632 | SH |  | SOLE |  | 0 | 632 | 0 |
| MasTec Inc | Common | 576323109 |  | 558218 | 1735 | SH |  | SOLE |  | 0 | 1735 | 0 |
| Micron Technology Inc | Common | 595112103 |  | 1794268 | 5311 | SH |  | SOLE |  | 0 | 5311 | 0 |
| NRG Energy Inc | Common | 629377508 |  | 706002 | 4831 | SH |  | SOLE |  | 0 | 4831 | 0 |
| Natera Inc. | Common | 632307104 |  | 939553 | 4698 | SH |  | SOLE |  | 0 | 4698 | 0 |
| OSI Systems Inc. | Common | 671044105 |  | 788033 | 2968 | SH |  | SOLE |  | 0 | 2968 | 0 |
| Permian Resources Corp. | Common | 71424F105 |  | 283747 | 13309 | SH |  | SOLE |  | 0 | 13309 | 0 |
| Invesco NASDAQ 100 ETF | ETF | 46138G649 |  | 2587206 | 10888 | SH |  | SOLE |  | 0 | 10888 | 0 |
| EchoStar Corp. | Common | 278768106 |  | 1048010 | 8952 | SH |  | SOLE |  | 0 | 8952 | 0 |
| Schwab U.S. Small-Cap ETF | ETF | 808524607 |  | 2259050 | 77684 | SH |  | SOLE |  | 0 | 77684 | 0 |
| Schwab U.S. Large-Cap ETF | ETF | 808524201 |  | 4341364 | 169320 | SH |  | SOLE |  | 0 | 169320 | 0 |
| SiTime Corporation | Common | 82982T106 |  | 1113753 | 3225 | SH |  | SOLE |  | 0 | 3225 | 0 |
| VanEck Vectors Semiconductor E | ETF | 92189F676 |  | 2296566 | 5990 | SH |  | SOLE |  | 0 | 5990 | 0 |
| SPDR Portfolio Mid Cap ETF | ETF | 78464A847 |  | 2244497 | 37901 | SH |  | SOLE |  | 0 | 37901 | 0 |
| SPDR Barclays Interm Term Trea | ETF | 78464A672 |  | 1375995 | 48011 | SH |  | SOLE |  | 0 | 48011 | 0 |
| iShares Barclays 0-5 Yr TIPS | ETF | 46429B747 |  | 1390306 | 13442 | SH |  | SOLE |  | 0 | 13442 | 0 |
| Scorpio Tankers Inc. | Common | Y7542C130 |  | 242047 | 3242 | SH |  | SOLE |  | 0 | 3242 | 0 |
| Terex Corp. | Common | 880779103 |  | 1079638 | 18268 | SH |  | SOLE |  | 0 | 18268 | 0 |
| Tenet Healthcare Corp | Common | 88033G407 |  | 325713 | 1726 | SH |  | SOLE |  | 0 | 1726 | 0 |
| Tapestry Inc. | Common | 876030107 |  | 1760065 | 12473 | SH |  | SOLE |  | 0 | 12473 | 0 |
| ProShares UltraPro QQQ | ETF | 74347X831 |  | 239968 | 5743 | SH |  | SOLE |  | 0 | 5743 | 0 |
| Targa Resources Corp. | Common | 87612G101 |  | 397657 | 1586 | SH |  | SOLE |  | 0 | 1586 | 0 |
| Tesla Inc. | Common | 88160R101 |  | 1247221 | 3355 | SH |  | SOLE |  | 0 | 3355 | 0 |
| TTM Technologies Inc. | Common | 87305R109 |  | 2145870 | 22027 | SH |  | SOLE |  | 0 | 22027 | 0 |
| United Airlines Holdings Inc. | Common | 910047109 |  | 282286 | 3066 | SH |  | SOLE |  | 0 | 3066 | 0 |
| Ubiquiti Networks Inc. | Common | 90353W103 |  | 891447 | 1128 | SH |  | SOLE |  | 0 | 1128 | 0 |
| Valmont Industries Inc | Common | 920253101 |  | 296880 | 743 | SH |  | SOLE |  | 0 | 743 | 0 |
| Vertiv Holdings Co. | Common | 92537N108 |  | 610162 | 2435 | SH |  | SOLE |  | 0 | 2435 | 0 |
| ViaSat Inc. | Common | 92552V100 |  | 1583260 | 34569 | SH |  | SOLE |  | 0 | 34569 | 0 |
| Victoria's Secret  Co. | Common | 926400102 |  | 625442 | 13491 | SH |  | SOLE |  | 0 | 13491 | 0 |
| Warner Bros. Discovery Inc. | Common | 934423104 |  | 1518428 | 55296 | SH |  | SOLE |  | 0 | 55296 | 0 |
| Western Digital Corp. | Common | 958102105 |  | 2113608 | 7814 | SH |  | SOLE |  | 0 | 7814 | 0 |
| SPDR Cons Staples Slct | ETF | 81369Y308 |  | 2039006 | 24872 | SH |  | SOLE |  | 0 | 24872 | 0 |
| SPDR Utilities Select | ETF | 81369Y886 |  | 2331670 | 50810 | SH |  | SOLE |  | 0 | 50810 | 0 |

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