<?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>S000072156</seriesId>
        <classId>C000227946</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>RH Hedged Multi-Asset Income ETF</seriesName>
      <seriesId>S000072156</seriesId>
      <seriesLei>549300EHSSN4HK394B90</seriesLei>
      <repPdEnd>2023-05-31</repPdEnd>
      <repPdDate>2023-05-31</repPdDate>
      <isFinalFiling>N</isFinalFiling>
    </genInfo>
    <fundInfo>
      <totAssets>48302194.07</totAssets>
      <totLiabs>322099.95</totLiabs>
      <netAssets>47980094.12</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"/>
      <isNonCashCollateral>N</isNonCashCollateral>
      <returnInfo>
        <monthlyTotReturns>
          <monthlyTotReturn classId="C000227946" rtn1="0.59" rtn2="1" rtn3="0.07"/>
        </monthlyTotReturns>
        <monthlyReturnCats>
          <equityContracts>
            <mon1 netRealizedGain="43689.23" netUnrealizedAppr="9201.52"/>
            <mon2 netRealizedGain="135898.81" netUnrealizedAppr="-17149.88"/>
            <mon3 netRealizedGain="151249.62" netUnrealizedAppr="-50449.75"/>
            <optionCategory>
              <instrMon1 netRealizedGain="43689.23" netUnrealizedAppr="9201.52"/>
              <instrMon2 netRealizedGain="135898.81" netUnrealizedAppr="-17149.88"/>
              <instrMon3 netRealizedGain="151249.62" netUnrealizedAppr="-50449.75"/>
            </optionCategory>
          </equityContracts>
        </monthlyReturnCats>
        <othMon1 netRealizedGain="226978.37" netUnrealizedAppr="-272854.95"/>
        <othMon2 netRealizedGain="-653887.52" netUnrealizedAppr="800453.37"/>
        <othMon3 netRealizedGain="-186424.25" netUnrealizedAppr="-85706.33"/>
      </returnInfo>
      <mon1Flow redemption="0" reinvestment="0" sales="4654773.1"/>
      <mon2Flow redemption="-3508470" reinvestment="0" sales="233531.4"/>
      <mon3Flow redemption="0" reinvestment="0" sales="1240894"/>


    </fundInfo>
    <invstOrSecs>
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        <name>CWALT 2006-28CB A15</name>
        <lei>N/A</lei>
        <title>CMO</title>
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        </identifiers>
        <balance>545458</balance>
        <units>NS</units>
        <curCd>USD</curCd>
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        <pctVal>0.44</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-10-25</maturityDt>
          <couponKind>Fixed</couponKind>
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          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>AHM 2004-1 4M1</name>
        <lei>N/A</lei>
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          <isin value="US02660TAS24"/>
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        <balance>156623.7</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>155201.27</valUSD>
        <pctVal>0.32</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-04-25</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>7.62</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>CWALT 2005-J11</name>
        <lei>N/A</lei>
        <title>CMO</title>
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          <isin value="US12668AJS50"/>
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        <curCd>USD</curCd>
        <valUSD>98183.38</valUSD>
        <pctVal>0.2</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-06-25</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Dorchester Minerals</name>
        <lei>N/A</lei>
        <title>COMMSTCK</title>
        <cusip>25820R105</cusip>
        <identifiers>
          <isin value="US25820R1059"/>
        </identifiers>
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        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>477336.58</valUSD>
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        <payoffProfile>Long</payoffProfile>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NuStar Energy LP</name>
        <lei>N/A</lei>
        <title>COMMSTCK</title>
        <cusip>67058H102</cusip>
        <identifiers>
          <isin value="US67058H1023"/>
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        <balance>31196</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>509430.68</valUSD>
        <pctVal>1.06</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>iShares U.S. Oil &amp; G</name>
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          <isin value="US4642888519"/>
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        <units>NS</units>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GLOBAL X MLP ETF</name>
        <lei>N/A</lei>
        <title>ETF</title>
        <cusip>37954Y343</cusip>
        <identifiers>
          <isin value="US37954Y3430"/>
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        <balance>33167</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1371787.12</valUSD>
        <pctVal>2.86</pctVal>
        <payoffProfile>Long</payoffProfile>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>GLOBAL X NASD 100</name>
        <lei>54930002VYV0ZD18OT06</lei>
        <title>ETF</title>
        <cusip>37954Y483</cusip>
        <identifiers>
          <isin value="US37954Y4834"/>
        </identifiers>
        <balance>590377</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>10414250.28</valUSD>
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        <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>Global X Russell 200</name>
        <lei>N/A</lei>
        <title>ETF</title>
        <cusip>37954Y459</cusip>
        <identifiers>
          <isin value="US37954Y4594"/>
        </identifiers>
        <balance>184</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3282.56</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>iShares 20+ Year Tre</name>
        <lei>549300WWURKS1JGBZU59</lei>
        <title>ETF</title>
        <cusip>464287432</cusip>
        <identifiers>
          <isin value="US4642874329"/>
        </identifiers>
        <balance>89449</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>9212352.51</valUSD>
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        <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>Global X S&amp;P 500 Cov</name>
        <lei>N/A</lei>
        <title>ETF</title>
        <cusip>37954Y475</cusip>
        <identifiers>
          <isin value="US37954Y4750"/>
        </identifiers>
        <balance>250178</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>10167233.92</valUSD>
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        <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>BLACK STONE MINERALS</name>
        <lei>N/A</lei>
        <title>MLP</title>
        <cusip>09225M101</cusip>
        <identifiers>
          <isin value="US09225M1018"/>
        </identifiers>
        <balance>26259</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>404126.01</valUSD>
        <pctVal>0.84</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>USA Compression Part</name>
        <lei>N/A</lei>
        <title>MLP</title>
        <cusip>90290N109</cusip>
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          <isin value="US90290N1090"/>
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        <balance>25202</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>470773.36</valUSD>
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        <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>Fidelity Investments</name>
        <lei>6X064LF7Y6B4DKF2GZ26</lei>
        <title>MONEYMKT</title>
        <cusip>316175108</cusip>
        <identifiers>
          <ticker value="FIGXX"/>
        </identifiers>
        <balance>37538.9</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>37538.92</valUSD>
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        <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>iShares 20+ Year Tre</name>
        <lei>N/A</lei>
        <title>OPTION</title>
        <cusip>464287432</cusip>
        <identifiers>
          <other otherDesc="OCC Identifier" value="TLT 230616C00103000"/>
        </identifiers>
        <balance>-800</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-116400</valUSD>
        <pctVal>-0.24</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerConditional desc="Option" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>CLEAR ST</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <putOrCall>Call</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>iShares 20+ Year Tre</issuerName>
                <issueTitle>ETF</issueTitle>
                <identifiers>
                  <ticker value="TLT"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <shareNo>100</shareNo>
            <exercisePrice>103</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2023-06-17</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>-49200.56</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2023-07-24</ncom:dateSigned>
      <ncom:nameOfApplicant>Starboard Investment Trust</ncom:nameOfApplicant>
      <ncom:signature>Peter McCabe</ncom:signature>
      <ncom:signerName>Peter McCabe</ncom:signerName>
      <ncom:title>Principal Accounting Officer/Principal Financial Officer</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
