Instuitional Investor - Hanseatic Management Services Inc

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Ishares Liquidity Income Fund - ETF		201,499	$10,191,819	7.5%
2.	Schwab Strategic Trust	SCHD	165,159	$4,860,629	3.58%
3.	Coherent Corp.	COHR	9,846	$3,883,951	2.86%
4.	Market Vectors Etf Trust	GDX	5,710	$3,745,131	2.76%
5.	Corning Inc	GLW	13,718	$3,503,988	2.58%