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    <isConfidential>false</isConfidential>
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          <cik>0001464413</cik>
          <ccc>XXXXXXXX</ccc>
        </issuerCredentials>
      </filer>


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        <classId>C000092405</classId>
      </seriesClassInfo>


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      <regFileNumber>811-22298</regFileNumber>
      <regCik>0001464413</regCik>
      <regLei>549300IGQEISLESO0528</regLei>
      <regStreet1>116 South Franklin Street</regStreet1>
      <regCity>Rocky Mount</regCity>
      <regStateConditional regCountry="US" regState="US-NC"/>
      <regZipOrPostalCode>27804</regZipOrPostalCode>
      <regPhone>252-972-9922</regPhone>
      <seriesName>Roumell Opportunistic Value Fund</seriesName>
      <seriesId>S000030088</seriesId>
      <seriesLei>549300DCQ96S587NHM61</seriesLei>
      <repPdEnd>2021-08-31</repPdEnd>
      <repPdDate>2021-05-31</repPdDate>
      <isFinalFiling>N</isFinalFiling>
    </genInfo>
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      <totLiabs>428980.85</totLiabs>
      <netAssets>145277060.95</netAssets>
      <assetsAttrMiscSec>0</assetsAttrMiscSec>
      <assetsInvested>0</assetsInvested>
      <amtPayOneYrBanksBorr>0</amtPayOneYrBanksBorr>
      <amtPayOneYrCtrldComp>0</amtPayOneYrCtrldComp>
      <amtPayOneYrOthAffil>0</amtPayOneYrOthAffil>
      <amtPayOneYrOther>0</amtPayOneYrOther>
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      <creditSprdRiskNonInvstGrade period10Yr="0" period1Yr="0" period30Yr="0" period3Mon="0" period5Yr="0"/>
      <borrowers>
        <borrower aggrVal="0" lei="N/A" name="N/A"/>
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        <name>CollPlant</name>
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      </invstOrSec>
      <invstOrSec>
        <name>DUNDEE PRECIOUS</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Enzo Biochem Inc</name>
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        <name>Eros STX Global Corp</name>
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        <fairValLevel>1</fairValLevel>
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        <name>GSI Technology Inc</name>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <name>OPERA LIMITED</name>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <name>QUANTUM CORP</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>STREAMLINE HEALTH</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Sierra Wireless Inc</name>
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        <fairValLevel>1</fairValLevel>
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        <name>TETRA TECHNOLOGIES</name>
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      <invstOrSec>
        <name>Venus Concept Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>WAYSIDE TECH</name>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>EROS STX GLOBAL CORP</name>
        <lei>254900397NMORQEIZA86</lei>
        <title>CORPBOND</title>
        <cusip>G3788NAA2</cusip>
        <identifiers>
          <isin value="XS1112834608"/>
        </identifiers>
        <balance>835100</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="1.42"/>
        <valUSD>1052910.96</valUSD>
        <pctVal>0.01</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.5</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CSI COMPRESSO LP</name>
        <lei>549300STALDQYSVEO325</lei>
        <title>CORPBOND</title>
        <cusip>20467BAB5</cusip>
        <identifiers>
          <isin value="US20467BAB53"/>
        </identifiers>
        <balance>3642000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3514530</valUSD>
        <pctVal>0.02</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.25</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>IP GROUP PLC</name>
        <lei>213800HG22UM138WFG43</lei>
        <title>FOREIGN</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00B128J450"/>
        </identifiers>
        <balance>2100000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="1.42"/>
        <valUSD>3683269.31</valUSD>
        <pctVal>0.03</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="FOREIGN"/>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Federated Treasury O</name>
        <lei>254900WUIGYHOH89FC60</lei>
        <title>MONEYMKT</title>
        <cusip>60934N500</cusip>
        <identifiers>
          <other otherDesc="Ticker" value="TOIXX"/>
        </identifiers>
        <balance>41838162.6</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>41838162.6</valUSD>
        <pctVal>0.29</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerConditional desc="Money Market" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>US TREASURY N/B</name>
        <lei>254900HROIFWPRGM1V77</lei>
        <title>TREASNOT</title>
        <cusip>912828J76</cusip>
        <identifiers>
          <isin value="US912828J769"/>
        </identifiers>
        <balance>2500000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2535058.6</valUSD>
        <pctVal>0.02</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>UST</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-03-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.75</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2021-07-20</ncom:dateSigned>
      <ncom:nameOfApplicant>Starboard Investment Trust</ncom:nameOfApplicant>
      <ncom:signature>Ashley Lanham</ncom:signature>
      <ncom:signerName>Ashley Lanham</ncom:signerName>
      <ncom:title>Principal Accounting Officer/Principal Financial Officer</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
