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HANSEATIC MANAGEMENT SERVICES INC — 13F Holdings & Portfolio

CIK 1128074 · latest 13F-HR filed 2026-10-27

Backtest portfolio

HANSEATIC MANAGEMENT SERVICES INC manages $122.1M in 13F-reported U.S. long-equity assets across 91 reported positions as of its 2026-09-30 13F-HR filing. Its largest disclosed positions are ICSH (9.89%), LITE (3.27%), AMD (2.65%). Quarter over quarter (versus its 2026-06-30 filing) the fund opened 30 new positions and exited 22; 16 existing positions rose in reported value and 30 fell.

AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.

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AUM
$122.1M

Long-equity book

Holdings
91

Distinct positions

Period
2026-09-30

Filed 2026-10-27

Q/Q Activity
+30 / −22 / ↑16 / ↓30

vs 2026-06-30

Portfolio charts

Latest quarter's book, what changed, and how the portfolio has evolved across filings.

Portfolio map

Q3 26
ICSH9.9% · +19%LITE3.3% · +2%AMD2.6% · +3%HPE2.5% · +3%IBKR2.4% · +2%COHR2.4% · +2%VSAT2.2% · +3%QQQM2.1% · -21%AMAT2.0% · +2%MU2.0% · +3%IGV2.0% · newSCHX2.0% · -51%IBB1.9% · newSCHA1.9% · -5%GSEW1.9% · -3%AAPL1.8% · +16%XLU1.8% · +14%FIDU1.8% · +8%SPMD1.8% · -7%GLW1.8% · +2%FORM1.8% · +2%XLP1.7% · +7%WBD1.5% · +2%OSCR1.4% · +2%ILMN1.3% · newGOOG1.3% · +2%OKTA1.3% · newFCX1.2% · +3%WDC1.2% · +2%ATEX1.2% · +2%CDNA1.2% · newELF1.1% · newMD1.1% · +2%DAR1.1% · +2%STIP1.1% · +5%MRVL1.1% · +3%BAR1.0% · +15%VSXY1.0% · newANET1.0% · +2%CXW1.0% · newINTC1.0% · +4%TTMI1.0% · +2%TENB0.9% · newEAT0.9% · newKRYS0.9% · +2%BE0.9% · +2%VCTR0.9% · newCVS0.8% · +3%VOYA0.7% · newSITM0.7% · +2%ESE0.7% · +2%TGT0.7% · newECHO0.7% · +2%KGS0.7% · +2%VSH0.7% · +2%NTRA0.6% · +4%VRT0.6% · +4%PANW0.5% · newLQDA0.5% · +2%FTNT0.5% · new

Box size = position value; colour = change in share count vs the prior quarter (green added, red trimmed, blue new). Rows split across managers or share classes are combined. Click a box for the stock.

Sector mix

% of 13F value

Sectors from each company's SIC code; funds and ETFs grouped separately.

Biggest buys and sells

Q2 26 → Q3 26

Estimated from the change in shares held × the quarter-end price, so price moves alone don't count as buying. New and exited positions are included.

13F assets and positions

4 quarters

Total reported 13F value (bars) and number of positions (line) each quarter. Value changes include market moves.

Top positions over time

reported value

The eight largest current positions, valued at each quarter end.

Concentration

top 10 = 31.4%

Cumulative share of the portfolio held in the largest N positions.

Firm Profile & Key People

As of the firm’s regulatory filing dated Mar 12, 2026.

Assets Under Management
$174.0M
Discretionary
$135.0M
Employees
4
Accounts
200
Address
5600 WYOMING NE
SUITE 220
ALBUQUERQUE, NM 87109
Phone
(505) 828-2824
Website
Name Title / Status Ownership Type
SANDERSON, RUSSELL, TODD ControlCIO/CHAIRMAN
since Jan 2023
25–50%Individual
STANGEL, BRIAN, RICHARD ControlCEO/PRESIDENT
since Jan 2023
25–50%Individual
STANGEL, AMY, MYLESCCO/SECRETARY
since Jan 2023
25–50%Individual
Ownership & leadership changes · 8 filings with changes since Jan 5, 2012

From the firm’s regulatory filings, newest first. Dates are filing dates: a filing that no longer lists someone does not say when they left.

Mar 30, 2024 filing
  • No longer listedMEIHAUS, HARRY, (ED) · CHIEF INVESTMENT OFFICER/CHAIRMAN · Less than 5% · listed since Jan 2012
  • ChangedSANDERSON, RUSSELL, TODD · title CHIEF EXECUTIVE OFFICER → CIO/CHAIRMAN; ownership 50–75% → 25–50%
  • ChangedSTANGEL, AMY, MYLES · title CHIEF COMPLIANCE OFFICER / IAR → CCO/SECRETARY; ownership Less than 5% → 25–50%
  • ChangedSTANGEL, BRIAN, RICHARD · title DEPUTY CHIEF INVESTMENT OFFICER → CEO/PRESIDENT
Mar 27, 2019 filing
  • No longer listedMONGERSON, SARA, ELIZABETH · HEAD OF MARKETING · Less than 5% · control person · listed since Jan 2015
Mar 27, 2017 filing
  • ChangedSTANGEL, AMY, MYLES · title CHIEF COMPLIANCE OFFICER → CHIEF COMPLIANCE OFFICER / IAR
Mar 28, 2016 filing
  • No longer listedCALDWELL, KAREN, LYNN · PRESIDENT · Less than 5% · control person · listed since Feb 2015
Mar 3, 2015 filing
  • AddedCALDWELL, KAREN, LYNN · PRESIDENT · Less than 5% · control person
  • AddedMONGERSON, SARA, ELIZABETH · HEAD OF MARKETING · Less than 5% · control person
Jul 11, 2014 filing
  • ChangedSTANGEL, BRIAN, RICHARD · title CHIEF MARKETING OFFICER → DEPUTY CHIEF INVESTMENT OFFICER
Jan 22, 2014 filing
  • ChangedSANDERSON, RUSSELL, TODD · title CHIEF TECHNOLOGY OFFICER → CHIEF EXECUTIVE OFFICER
  • ChangedSTANGEL, BRIAN, RICHARD · title PRESIDENT → CHIEF MARKETING OFFICER
Mar 27, 2013 filing
  • ChangedSTANGEL, BRIAN, RICHARD · title PRESIDENT/CEO → PRESIDENT
Jan 5, 2012 filing (earliest on record)
  • ListedMEIHAUS, HARRY, (ED) · CHIEF INVESTMENT OFFICER/CHAIRMAN · Less than 5%
  • ListedSANDERSON, RUSSELL, TODD · CHIEF TECHNOLOGY OFFICER · 50–75% · control person
  • ListedSTANGEL, AMY, MYLES · CHIEF COMPLIANCE OFFICER · Less than 5%
  • ListedSTANGEL, BRIAN, RICHARD · PRESIDENT/CEO · 25–50% · control person

Quarter-over-quarter changes

Changes in reported position value vs the prior 13F, so price moves count too, not just shares bought or sold.

HANSEATIC MANAGEMENT SERVICES INC Holdings (2026-09-30)

Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).

# Issuer Symbol CUSIP Value Weight Shares Type
1 iShares Liquidity Income Fund ICSH 46434V878 $12.1M 9.89% 239,579 SH
2 Lumentum Holdings Inc. LITE 55024U109 $4.0M 3.27% 4,112 SH
3 Advanced Micro Devices AMD 007903107 $3.2M 2.65% 5,285 SH
4 Hewlett Packard Enterprise Co HPE 42824C109 $3.1M 2.51% 47,986 SH
5 Interactive Brokers Group IBKR 45841N107 $2.9M 2.37% 33,928 SH
6 Coherent Corporation COHR 19247G107 $2.9M 2.37% 10,061 SH
7 ViaSat, Inc. VSAT 92552V100 $2.7M 2.20% 38,168 SH
8 Invesco NASDAQ 100 ETF QQQM 46138G649 $2.5M 2.08% 8,316 SH
9 Applied Materials Inc. AMAT 038222105 $2.5M 2.03% 4,840 SH
10 Micron Technology Inc MU 595112103 $2.4M 1.99% 2,275 SH
11 iShares North Amer Tech-Soft IGV 464287515 $2.4M 1.98% 22,669 SH
12 Schwab U.S. Large-Cap ETF SCHX 808524201 $2.4M 1.97% 80,271 SH
13 iShares Nasdaq Biotech ETF IBB 464287556 $2.4M 1.95% 11,306 SH
14 Schwab U.S. Small-Cap ETF SCHA 808524607 $2.3M 1.90% 71,246 SH
15 Goldman Sachs Equal Weight US GSEW 381430438 $2.3M 1.90% 24,970 SH
16 Apple Inc. AAPL 037833100 $2.2M 1.84% 6,739 SH
17 SPDR Utilities Select XLU 81369Y886 $2.2M 1.83% 56,712 SH
18 Fidelity Industrials Index ETF FIDU 316092709 $2.2M 1.79% 24,669 SH
19 SPDR Portfolio Mid Cap ETF SPMD 78464A847 $2.2M 1.78% 34,419 SH
20 Corning Inc. GLW 219350105 $2.2M 1.76% 14,004 SH
21 FormFactor Inc FORM 346375108 $2.2M 1.76% 14,406 SH
22 SPDR Cons Staples Slct XLP 81369Y308 $2.1M 1.72% 26,033 SH
23 Warner Bros. Discovery, Inc. WBD 934423104 $1.9M 1.52% 59,965 SH
24 Oscar Health, Inc. OSCR 687793109 $1.7M 1.36% 53,718 SH
25 Illumina Inc ILMN 452327109 $1.6M 1.31% 5,856 SH
26 Alphabet Inc. Class C GOOG 02079K107 $1.6M 1.30% 4,639 SH
27 Okta, Inc. OKTA 679295105 $1.5M 1.27% 7,395 SH
28 Freeport-McMoRan Inc. FCX 35671D857 $1.5M 1.24% 21,681 SH
29 Western Digital Corp. WDC 958102105 $1.5M 1.23% 3,313 SH
30 Anterix Inc. ATEX 03676C100 $1.5M 1.21% 18,812 SH
31 CareDx, Inc. CDNA 14167L103 $1.4M 1.17% 21,960 SH
32 E.L.F. Beauty, Inc. ELF 26856L103 $1.4M 1.15% 13,902 SH
33 Mednax, Inc. MD 58502B106 $1.4M 1.13% 53,649 SH
34 Darling Ingredients Inc. DAR 237266101 $1.4M 1.12% 22,541 SH
35 iShares Barclays 0-5 Yr TIPS STIP 46429B747 $1.4M 1.12% 13,662 SH
36 Marvell Technology Grp MRVL 573874104 $1.4M 1.11% 5,144 SH
37 Graniteshares Gold Trust BAR 38748G101 $1.3M 1.04% 31,146 SH
38 Victoria's Secret & Co. VSXY 926400102 $1.3M 1.04% 14,330 SH
39 Arista Networks ANET 040413205 $1.3M 1.03% 6,190 SH
40 Corrections Corp of America CXW 21871N101 $1.2M 1.00% 37,848 SH
41 Intel Corporation INTC 458140100 $1.2M 0.97% 9,854 SH
42 TTM Technologies, Inc. TTMI 87305R109 $1.2M 0.96% 9,494 SH
43 Tenable Holdings, Inc. TENB 88025T102 $1.1M 0.90% 30,101 SH
44 Brinker International EAT 109641100 $1.1M 0.88% 5,540 SH
45 Krystal Biotech, Inc. KRYS 501147102 $1.1M 0.87% 3,183 SH
46 Bloom Energy Corp. BE 093712107 $1.1M 0.86% 3,803 SH
47 Victory Capital Holdings, Inc. VCTR 92645B103 $1.1M 0.86% 9,497 SH
48 CVS Health Corporation CVS 126650100 $1.0M 0.83% 11,871 SH
49 Voya Financial, Inc. VOYA 929089100 $899.1K 0.74% 9,516 SH
50 SiTime Corporation SITM 82982T106 $898.5K 0.74% 1,378 SH
Filing History
Period Filed AUM Holdings Accession
2026-09-30 2026-10-22 $136.2M 84 0001128074-26-000007
2026-09-30 2026-10-27 $122.1M 91 0001128074-26-000008
2026-06-30 2026-08-07 $135.9M 83 0001128074-26-000004
2026-03-31 2026-05-06 $104.5M 80 0001128074-26-000003
2024-12-31 2025-01-15 $78.8M 117 0001128074-25-000001
Filer Information
Address
5600 WYOMING NE SUITE 220
ALBUQUERQUE, NM 87109
Phone
(505) 828-2824
Filing Manager
HANSEATIC MANAGEMENT SERVICES INC
ALBUQUERQUE, NM
Signatory
Russell Sanderson
CIO