<?xml version="1.0" encoding="UTF-8"?><edgarSubmission xmlns="http://www.sec.gov/edgar/nport" xmlns:com="http://www.sec.gov/edgar/common" xmlns:ncom="http://www.sec.gov/edgar/nportcommon" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance">
  <headerData>
    <submissionType>NPORT-P</submissionType>
    <isConfidential>false</isConfidential>
    <filerInfo>

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


      <seriesClassInfo>
        <seriesId>S000077874</seriesId>
        <classId>C000238475</classId>
      </seriesClassInfo>


    </filerInfo>
  </headerData>
  <formData>
    <genInfo>
      <regName>Starboard Investment Trust</regName>
      <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>Utah Focus Fund</seriesName>
      <seriesId>S000077874</seriesId>
      <seriesLei>549300S1MTDSWBYG0U27</seriesLei>
      <repPdEnd>2023-09-30</repPdEnd>
      <repPdDate>2023-03-31</repPdDate>
      <isFinalFiling>N</isFinalFiling>
    </genInfo>
    <fundInfo>
      <totAssets>1535458.1</totAssets>
      <totLiabs>17270.59</totLiabs>
      <netAssets>1518187.51</netAssets>
      <assetsAttrMiscSec>0</assetsAttrMiscSec>
      <assetsInvested>0</assetsInvested>
      <amtPayOneYrBanksBorr>0</amtPayOneYrBanksBorr>
      <amtPayOneYrCtrldComp>0</amtPayOneYrCtrldComp>
      <amtPayOneYrOthAffil>0</amtPayOneYrOthAffil>
      <amtPayOneYrOther>0</amtPayOneYrOther>
      <amtPayAftOneYrBanksBorr>0</amtPayAftOneYrBanksBorr>
      <amtPayAftOneYrCtrldComp>0</amtPayAftOneYrCtrldComp>
      <amtPayAftOneYrOthAffil>0</amtPayAftOneYrOthAffil>
      <amtPayAftOneYrOther>0</amtPayAftOneYrOther>
      <delayDeliv>0</delayDeliv>
      <standByCommit>0</standByCommit>
      <liquidPref>0</liquidPref>
      <cshNotRptdInCorD>0</cshNotRptdInCorD>
      <curMetrics>
        <curMetric>
          <curCd>USD</curCd>
          <intrstRtRiskdv01 period10Yr="0" period1Yr="0" period30Yr="0" period3Mon="0" period5Yr="0"/>
          <intrstRtRiskdv100 period10Yr="0" period1Yr="0" period30Yr="0" period3Mon="0" period5Yr="0"/>
        </curMetric>
      </curMetrics>
      <creditSprdRiskInvstGrade period10Yr="0" period1Yr="0" period30Yr="0" period3Mon="0" period5Yr="0"/>
      <creditSprdRiskNonInvstGrade period10Yr="0" period1Yr="0" period30Yr="0" period3Mon="0" period5Yr="0"/>
      <borrowers>
        <borrower aggrVal="0" lei="N/A" name="N/A"/>
      </borrowers>
      <isNonCashCollateral>N</isNonCashCollateral>
      <returnInfo>
        <monthlyTotReturns>
          <monthlyTotReturn classId="C000238475" rtn1="5.8" rtn2="-2.08" rtn3="-2.8"/>
        </monthlyTotReturns>
        <othMon1 netRealizedGain="0" netUnrealizedAppr="10252.32"/>
        <othMon2 netRealizedGain="0" netUnrealizedAppr="-9449.37"/>
        <othMon3 netRealizedGain="627.44" netUnrealizedAppr="-23189.95"/>
      </returnInfo>
      <mon1Flow redemption="0" reinvestment="0" sales="176500"/>
      <mon2Flow redemption="0" reinvestment="0" sales="461404.23"/>
      <mon3Flow redemption="0" reinvestment="0" sales="900904.56"/>

    </fundInfo>
    <invstOrSecs>
      <invstOrSec>
        <name>BRC Inc</name>
        <lei>N/A</lei>
        <title>COMMSTCK</title>
        <cusip>05601U105</cusip>
        <identifiers>
          <isin value="US05601U1051"/>
        </identifiers>
        <balance>5000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>25700</valUSD>
        <pctVal>1.69</pctVal>
        <payoffProfile>Long</payoffProfile>
        <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>Bridge Investment Gr</name>
        <lei>N/A</lei>
        <title>COMMSTCK</title>
        <cusip>10806B100</cusip>
        <identifiers>
          <isin value="US10806B1008"/>
        </identifiers>
        <balance>2400</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>27192</valUSD>
        <pctVal>1.79</pctVal>
        <payoffProfile>Long</payoffProfile>
        <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>CLARUS CORP</name>
        <lei>N/A</lei>
        <title>COMMSTCK</title>
        <cusip>18270P109</cusip>
        <identifiers>
          <isin value="US18270P1093"/>
        </identifiers>
        <balance>3200</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>30240</valUSD>
        <pctVal>1.99</pctVal>
        <payoffProfile>Long</payoffProfile>
        <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>Traeger Inc</name>
        <lei>N/A</lei>
        <title>COMMSTCK</title>
        <cusip>89269P103</cusip>
        <identifiers>
          <isin value="US89269P1030"/>
        </identifiers>
        <balance>8400</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>34524</valUSD>
        <pctVal>2.27</pctVal>
        <payoffProfile>Long</payoffProfile>
        <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>Cricut Inc</name>
        <lei>N/A</lei>
        <title>COMMSTCK</title>
        <cusip>22658D100</cusip>
        <identifiers>
          <isin value="US22658D1000"/>
        </identifiers>
        <balance>3200</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>32640</valUSD>
        <pctVal>2.15</pctVal>
        <payoffProfile>Long</payoffProfile>
        <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>Delta Air Lines Inc</name>
        <lei>Q2CCMS6R0AS67HJMBN42</lei>
        <title>COMMSTCK</title>
        <cusip>247361702</cusip>
        <identifiers>
          <isin value="US2473617023"/>
        </identifiers>
        <balance>800</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>27936</valUSD>
        <pctVal>1.84</pctVal>
        <payoffProfile>Long</payoffProfile>
        <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>Domo Inc</name>
        <lei>N/A</lei>
        <title>COMMSTCK</title>
        <cusip>257554105</cusip>
        <identifiers>
          <isin value="US2575541055"/>
        </identifiers>
        <balance>2500</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>35475</valUSD>
        <pctVal>2.34</pctVal>
        <payoffProfile>Long</payoffProfile>
        <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>Extra Space Storage</name>
        <lei>N/A</lei>
        <title>COMMSTCK</title>
        <cusip>30225T102</cusip>
        <identifiers>
          <isin value="US30225T1025"/>
        </identifiers>
        <balance>200</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>32586</valUSD>
        <pctVal>2.15</pctVal>
        <payoffProfile>Long</payoffProfile>
        <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>HEALTH CATALYST INC</name>
        <lei>N/A</lei>
        <title>COMMSTCK</title>
        <cusip>42225T107</cusip>
        <identifiers>
          <isin value="US42225T1079"/>
        </identifiers>
        <balance>2500</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>29175</valUSD>
        <pctVal>1.92</pctVal>
        <payoffProfile>Long</payoffProfile>
        <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>HealthEquity Inc</name>
        <lei>N/A</lei>
        <title>COMMSTCK</title>
        <cusip>42226A107</cusip>
        <identifiers>
          <isin value="US42226A1079"/>
        </identifiers>
        <balance>500</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>29355</valUSD>
        <pctVal>1.93</pctVal>
        <payoffProfile>Long</payoffProfile>
        <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>Innovative Industria</name>
        <lei>N/A</lei>
        <title>COMMSTCK</title>
        <cusip>45781V101</cusip>
        <identifiers>
          <isin value="US45781V1017"/>
        </identifiers>
        <balance>400</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>30396</valUSD>
        <pctVal>2</pctVal>
        <payoffProfile>Long</payoffProfile>
        <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>Instructure Holding</name>
        <lei>N/A</lei>
        <title>COMMSTCK</title>
        <cusip>457790103</cusip>
        <identifiers>
          <isin value="US4577901030"/>
        </identifiers>
        <balance>1250</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>32375</valUSD>
        <pctVal>2.13</pctVal>
        <payoffProfile>Long</payoffProfile>
        <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>Kroger Co/The</name>
        <lei>N/A</lei>
        <title>COMMSTCK</title>
        <cusip>501044101</cusip>
        <identifiers>
          <isin value="US5010441013"/>
        </identifiers>
        <balance>600</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>29622</valUSD>
        <pctVal>1.95</pctVal>
        <payoffProfile>Long</payoffProfile>
        <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>MERIT MEDICAL SYSTEM</name>
        <lei>N/A</lei>
        <title>COMMSTCK</title>
        <cusip>589889104</cusip>
        <identifiers>
          <isin value="US5898891040"/>
        </identifiers>
        <balance>420</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>31059</valUSD>
        <pctVal>2.05</pctVal>
        <payoffProfile>Long</payoffProfile>
        <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>Mercato Partners Acq</name>
        <lei>N/A</lei>
        <title>COMMSTCK</title>
        <cusip>58759A207</cusip>
        <identifiers>
          <isin value="US58759A2078"/>
        </identifiers>
        <balance>2800</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>29260</valUSD>
        <pctVal>1.93</pctVal>
        <payoffProfile>Long</payoffProfile>
        <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>Myriad Genetics Inc</name>
        <lei>N/A</lei>
        <title>COMMSTCK</title>
        <cusip>62855J104</cusip>
        <identifiers>
          <isin value="US62855J1043"/>
        </identifiers>
        <balance>1400</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>32522</valUSD>
        <pctVal>2.14</pctVal>
        <payoffProfile>Long</payoffProfile>
        <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>NOVAGOLD RESOURCES</name>
        <lei>N/A</lei>
        <title>COMMSTCK</title>
        <cusip>66987E206</cusip>
        <identifiers>
          <isin value="CA66987E2069"/>
        </identifiers>
        <balance>5500</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>34210</valUSD>
        <pctVal>2.25</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Northrop Grumman Cor</name>
        <lei>N/A</lei>
        <title>COMMSTCK</title>
        <cusip>666807102</cusip>
        <identifiers>
          <isin value="US6668071029"/>
        </identifiers>
        <balance>68</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>31396.96</valUSD>
        <pctVal>2.07</pctVal>
        <payoffProfile>Long</payoffProfile>
        <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>Nu Skin Enterprises</name>
        <lei>N/A</lei>
        <title>COMMSTCK</title>
        <cusip>67018T105</cusip>
        <identifiers>
          <isin value="US67018T1051"/>
        </identifiers>
        <balance>700</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>27517</valUSD>
        <pctVal>1.81</pctVal>
        <payoffProfile>Long</payoffProfile>
        <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>Overstock.com Inc</name>
        <lei>N/A</lei>
        <title>COMMSTCK</title>
        <cusip>690370101</cusip>
        <identifiers>
          <isin value="US6903701018"/>
        </identifiers>
        <balance>1700</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>34459</valUSD>
        <pctVal>2.27</pctVal>
        <payoffProfile>Long</payoffProfile>
        <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>PROG Holdings Inc</name>
        <lei>N/A</lei>
        <title>COMMSTCK</title>
        <cusip>74319R101</cusip>
        <identifiers>
          <isin value="US74319R1014"/>
        </identifiers>
        <balance>1200</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>28548</valUSD>
        <pctVal>1.88</pctVal>
        <payoffProfile>Long</payoffProfile>
        <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>Purple Innovation In</name>
        <lei>N/A</lei>
        <title>COMMSTCK</title>
        <cusip>74640Y106</cusip>
        <identifiers>
          <isin value="US74640Y1064"/>
        </identifiers>
        <balance>9000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>23760</valUSD>
        <pctVal>1.57</pctVal>
        <payoffProfile>Long</payoffProfile>
        <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>Quotient Technology</name>
        <lei>N/A</lei>
        <title>COMMSTCK</title>
        <cusip>749119103</cusip>
        <identifiers>
          <isin value="US7491191034"/>
        </identifiers>
        <balance>9400</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>30832</valUSD>
        <pctVal>2.03</pctVal>
        <payoffProfile>Long</payoffProfile>
        <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>R1 RCM INC</name>
        <lei>N/A</lei>
        <title>COMMSTCK</title>
        <cusip>77634L105</cusip>
        <identifiers>
          <isin value="US77634L1052"/>
        </identifiers>
        <balance>2200</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>33000</valUSD>
        <pctVal>2.17</pctVal>
        <payoffProfile>Long</payoffProfile>
        <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>Rio Tinto PLC</name>
        <lei>N/A</lei>
        <title>COMMSTCK</title>
        <cusip>767204100</cusip>
        <identifiers>
          <isin value="US7672041008"/>
        </identifiers>
        <balance>410</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>28126</valUSD>
        <pctVal>1.85</pctVal>
        <payoffProfile>Long</payoffProfile>
        <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>Recursion Pharmaceut</name>
        <lei>N/A</lei>
        <title>COMMSTCK</title>
        <cusip>75629V104</cusip>
        <identifiers>
          <isin value="US75629V1044"/>
        </identifiers>
        <balance>4100</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>27347</valUSD>
        <pctVal>1.8</pctVal>
        <payoffProfile>Long</payoffProfile>
        <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>SkyWest Inc</name>
        <lei>N/A</lei>
        <title>COMMSTCK</title>
        <cusip>830879102</cusip>
        <identifiers>
          <isin value="US8308791024"/>
        </identifiers>
        <balance>1550</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>34363.5</valUSD>
        <pctVal>2.26</pctVal>
        <payoffProfile>Long</payoffProfile>
        <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>Sportsman's Warehous</name>
        <lei>N/A</lei>
        <title>COMMSTCK</title>
        <cusip>84920Y106</cusip>
        <identifiers>
          <isin value="US84920Y1064"/>
        </identifiers>
        <balance>3500</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>29680</valUSD>
        <pctVal>1.95</pctVal>
        <payoffProfile>Long</payoffProfile>
        <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>Sarcos Technology an</name>
        <lei>N/A</lei>
        <title>COMMSTCK</title>
        <cusip>80359A106</cusip>
        <identifiers>
          <isin value="US80359A1060"/>
        </identifiers>
        <balance>59000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>28007.3</valUSD>
        <pctVal>1.84</pctVal>
        <payoffProfile>Long</payoffProfile>
        <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>Varex Imaging Corp</name>
        <lei>N/A</lei>
        <title>COMMSTCK</title>
        <cusip>92214X106</cusip>
        <identifiers>
          <isin value="US92214X1063"/>
        </identifiers>
        <balance>1650</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>30013.5</valUSD>
        <pctVal>1.98</pctVal>
        <payoffProfile>Long</payoffProfile>
        <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>Weave Communications</name>
        <lei>N/A</lei>
        <title>COMMSTCK</title>
        <cusip>94724R108</cusip>
        <identifiers>
          <isin value="US94724R1086"/>
        </identifiers>
        <balance>6500</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>32305</valUSD>
        <pctVal>2.13</pctVal>
        <payoffProfile>Long</payoffProfile>
        <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>Wells Fargo &amp; Co</name>
        <lei>PBLD0EJDB5FWOLXP3B76</lei>
        <title>COMMSTCK</title>
        <cusip>949746101</cusip>
        <identifiers>
          <isin value="US9497461015"/>
        </identifiers>
        <balance>700</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>26166</valUSD>
        <pctVal>1.72</pctVal>
        <payoffProfile>Long</payoffProfile>
        <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>Qualtrics</name>
        <lei>N/A</lei>
        <title>COMMSTCK</title>
        <cusip>747601201</cusip>
        <identifiers>
          <isin value="US7476012015"/>
        </identifiers>
        <balance>1700</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>30311</valUSD>
        <pctVal>2</pctVal>
        <payoffProfile>Long</payoffProfile>
        <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>Zions Bancorporation</name>
        <lei>N/A</lei>
        <title>COMMSTCK</title>
        <cusip>989701107</cusip>
        <identifiers>
          <isin value="US9897011071"/>
        </identifiers>
        <balance>880</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>26338.4</valUSD>
        <pctVal>1.73</pctVal>
        <payoffProfile>Long</payoffProfile>
        <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>Goldman Sachs Financ</name>
        <lei>N/A</lei>
        <title>MONEYMKT</title>
        <cusip>38141W273</cusip>
        <identifiers>
          <ticker value="FGTXX"/>
        </identifiers>
        <balance>190459.8</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>190459.8</valUSD>
        <pctVal>12.55</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>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2023-04-03</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>
