<?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>S000061872</seriesId>
        <classId>C000200403</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>Matisse Discounted Bond CEF Strategy</seriesName>
      <seriesId>S000061872</seriesId>
      <seriesLei>549300VDRUKECI4KMZ43</seriesLei>
      <repPdEnd>2026-03-31</repPdEnd>
      <repPdDate>2025-06-30</repPdDate>
      <isFinalFiling>N</isFinalFiling>
    </genInfo>
    <fundInfo>
      <totAssets>55544755.16</totAssets>
      <totLiabs>275861.28</totLiabs>
      <netAssets>55268893.88</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="C000200403" rtn1="-0.47" rtn2="0.01" rtn3="1.27"/>
        </monthlyTotReturns>
        <othMon1 netRealizedGain="409002.31" netUnrealizedAppr="-905143.03"/>
        <othMon2 netRealizedGain="8856.51" netUnrealizedAppr="-199299.02"/>
        <othMon3 netRealizedGain="5142.98" netUnrealizedAppr="493114.65"/>
      </returnInfo>
      <mon1Flow redemption="367169.08" reinvestment="310992.17" sales="1439981.67"/>
      <mon2Flow redemption="428931.28" reinvestment="313451.53" sales="380786.4"/>
      <mon3Flow redemption="1041563.85" reinvestment="311781.82" sales="336332.97"/>


    </fundInfo>
    <invstOrSecs>
      <invstOrSec>
        <name>BlackRock Virginia M</name>
        <lei>N/A</lei>
        <title>CLOSED-E</title>
        <cusip>092481100</cusip>
        <identifiers>
          <isin value="US0924811005"/>
        </identifiers>
        <balance>23365</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>242762.35</valUSD>
        <pctVal>0.44</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>BlackRock New York M</name>
        <lei>N/A</lei>
        <title>CLOSED-E</title>
        <cusip>09248L106</cusip>
        <identifiers>
          <isin value="US09248L1061"/>
        </identifiers>
        <balance>69921</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>676136.07</valUSD>
        <pctVal>1.22</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>BlackRock Municipal</name>
        <lei>N/A</lei>
        <title>CLOSED-E</title>
        <cusip>09257P105</cusip>
        <identifiers>
          <isin value="US09257P1057"/>
        </identifiers>
        <balance>90000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1970100</valUSD>
        <pctVal>3.56</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>BRANDYWINE GLOBAL</name>
        <lei>549300P4CDQCJBGI0833</lei>
        <title>CLOSED-E</title>
        <cusip>10537L104</cusip>
        <identifiers>
          <isin value="US10537L1044"/>
        </identifiers>
        <balance>149900</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1245669</valUSD>
        <pctVal>2.25</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>MFS High Yield Munic</name>
        <lei>N/A</lei>
        <title>CLOSED-E</title>
        <cusip>59318E102</cusip>
        <identifiers>
          <isin value="US59318E1029"/>
        </identifiers>
        <balance>262208</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>873152.64</valUSD>
        <pctVal>1.58</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>MFS High Income Muni</name>
        <lei>N/A</lei>
        <title>CLOSED-E</title>
        <cusip>59318D104</cusip>
        <identifiers>
          <isin value="US59318D1046"/>
        </identifiers>
        <balance>73090</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>261662.2</valUSD>
        <pctVal>0.47</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>MFS Investment Grade</name>
        <lei>N/A</lei>
        <title>CLOSED-E</title>
        <cusip>59318B108</cusip>
        <identifiers>
          <isin value="US59318B1089"/>
        </identifiers>
        <balance>86381</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>659950.84</valUSD>
        <pctVal>1.19</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>BNY Mellon Municipal</name>
        <lei>N/A</lei>
        <title>CLOSED-E</title>
        <cusip>09662W109</cusip>
        <identifiers>
          <isin value="US09662W1099"/>
        </identifiers>
        <balance>180000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1839600</valUSD>
        <pctVal>3.33</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>BNY Mellon Strategic</name>
        <lei>N/A</lei>
        <title>CLOSED-E</title>
        <cusip>09662E109</cusip>
        <identifiers>
          <isin value="US09662E1091"/>
        </identifiers>
        <balance>32630</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>182728</valUSD>
        <pctVal>0.33</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>Morgan Stanley Emerg</name>
        <lei>541YGIXZ6JJP4EZDJI96</lei>
        <title>CLOSED-E</title>
        <cusip>617477104</cusip>
        <identifiers>
          <isin value="US6174771047"/>
        </identifiers>
        <balance>355711</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1821240.32</valUSD>
        <pctVal>3.3</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>Western Asset</name>
        <lei>549300F68574RU1BKP84</lei>
        <title>CLOSED-E</title>
        <cusip>95766A101</cusip>
        <identifiers>
          <isin value="US95766A1016"/>
        </identifiers>
        <balance>45659</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>458872.95</valUSD>
        <pctVal>0.83</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>Flaherty &amp; Crumrine</name>
        <lei>N/A</lei>
        <title>CLOSED-E</title>
        <cusip>338478100</cusip>
        <identifiers>
          <isin value="US3384781007"/>
        </identifiers>
        <balance>23907</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>389445.03</valUSD>
        <pctVal>0.7</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>Flaherty &amp; Crumrine</name>
        <lei>N/A</lei>
        <title>CLOSED-E</title>
        <cusip>338479108</cusip>
        <identifiers>
          <isin value="US3384791089"/>
        </identifiers>
        <balance>76304</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1297168</valUSD>
        <pctVal>2.35</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>Federated Hermes Pre</name>
        <lei>N/A</lei>
        <title>CLOSED-E</title>
        <cusip>31423P108</cusip>
        <identifiers>
          <isin value="US31423P1084"/>
        </identifiers>
        <balance>117731</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1252657.84</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>Invesco Quality Muni</name>
        <lei>N/A</lei>
        <title>CLOSED-E</title>
        <cusip>46133G107</cusip>
        <identifiers>
          <isin value="US46133G1076"/>
        </identifiers>
        <balance>28545</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>267752.1</valUSD>
        <pctVal>0.48</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>BNY Strategic</name>
        <lei>N/A</lei>
        <title>CLOSED-E</title>
        <cusip>05588W108</cusip>
        <identifiers>
          <isin value="US05588W1080"/>
        </identifiers>
        <balance>273100</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1616752</valUSD>
        <pctVal>2.93</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>BlackRock MuniHoldin</name>
        <lei>N/A</lei>
        <title>CLOSED-E</title>
        <cusip>09255C106</cusip>
        <identifiers>
          <isin value="US09255C1062"/>
        </identifiers>
        <balance>8037</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>78923.34</valUSD>
        <pctVal>0.14</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>Western Asset Manage</name>
        <lei>N/A</lei>
        <title>CLOSED-E</title>
        <cusip>95766M105</cusip>
        <identifiers>
          <isin value="US95766M1053"/>
        </identifiers>
        <balance>29650</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>293535</valUSD>
        <pctVal>0.53</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>BlackRock MuniHoldin</name>
        <lei>N/A</lei>
        <title>CLOSED-E</title>
        <cusip>09254L107</cusip>
        <identifiers>
          <isin value="US09254L1070"/>
        </identifiers>
        <balance>78600</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>813510</valUSD>
        <pctVal>1.47</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>BlackRock MuniHoldin</name>
        <lei>FDX8Y56FK6PN1WE5XX39</lei>
        <title>CLOSED-E</title>
        <cusip>09254X101</cusip>
        <identifiers>
          <isin value="US09254X1019"/>
        </identifiers>
        <balance>100700</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1102665</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>Neuberger Berman Mun</name>
        <lei>N/A</lei>
        <title>CLOSED-E</title>
        <cusip>64124P101</cusip>
        <identifiers>
          <isin value="US64124P1012"/>
        </identifiers>
        <balance>135900</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1335897</valUSD>
        <pctVal>2.42</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>Nuveen Pennsylvania</name>
        <lei>N/A</lei>
        <title>CLOSED-E</title>
        <cusip>670972108</cusip>
        <identifiers>
          <isin value="US6709721087"/>
        </identifiers>
        <balance>34440</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>386416.8</valUSD>
        <pctVal>0.7</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>RiverNorth/DoubleLin</name>
        <lei>N/A</lei>
        <title>CLOSED-E</title>
        <cusip>76882G107</cusip>
        <identifiers>
          <isin value="US76882G1076"/>
        </identifiers>
        <balance>150538</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1287099.9</valUSD>
        <pctVal>2.33</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>PIMCO California Mun</name>
        <lei>N/A</lei>
        <title>CLOSED-E</title>
        <cusip>72200M108</cusip>
        <identifiers>
          <isin value="US72200M1080"/>
        </identifiers>
        <balance>330000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1768800</valUSD>
        <pctVal>3.2</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>PIMCO California Mun</name>
        <lei>N/A</lei>
        <title>CLOSED-E</title>
        <cusip>72200N106</cusip>
        <identifiers>
          <isin value="US72200N1063"/>
        </identifiers>
        <balance>149559</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1284711.81</valUSD>
        <pctVal>2.32</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>Flaherty &amp; Crumrine</name>
        <lei>N/A</lei>
        <title>CLOSED-E</title>
        <cusip>338480106</cusip>
        <identifiers>
          <isin value="US3384801060"/>
        </identifiers>
        <balance>134805</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1524644.55</valUSD>
        <pctVal>2.76</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>Flaherty &amp; Crumrine</name>
        <lei>N/A</lei>
        <title>CLOSED-E</title>
        <cusip>33848E106</cusip>
        <identifiers>
          <isin value="US33848E1064"/>
        </identifiers>
        <balance>170775</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1579668.75</valUSD>
        <pctVal>2.86</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>Putnam Municipal Opp</name>
        <lei>N/A</lei>
        <title>CLOSED-E</title>
        <cusip>746922103</cusip>
        <identifiers>
          <isin value="US7469221037"/>
        </identifiers>
        <balance>166367</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1645369.63</valUSD>
        <pctVal>2.98</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>PIMCO New York Munic</name>
        <lei>N/A</lei>
        <title>CLOSED-E</title>
        <cusip>72200T103</cusip>
        <identifiers>
          <isin value="US72200T1034"/>
        </identifiers>
        <balance>236000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1649640</valUSD>
        <pctVal>2.98</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>PIMCO New York Munic</name>
        <lei>N/A</lei>
        <title>CLOSED-E</title>
        <cusip>72200Y102</cusip>
        <identifiers>
          <isin value="US72200Y1029"/>
        </identifiers>
        <balance>257835</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1732651.2</valUSD>
        <pctVal>3.13</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>PIMCO New York Munic</name>
        <lei>N/A</lei>
        <title>CLOSED-E</title>
        <cusip>72201E105</cusip>
        <identifiers>
          <isin value="US72201E1055"/>
        </identifiers>
        <balance>147857</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>774770.68</valUSD>
        <pctVal>1.4</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>PIMCO California Mun</name>
        <lei>N/A</lei>
        <title>CLOSED-E</title>
        <cusip>72201C109</cusip>
        <identifiers>
          <isin value="US72201C1099"/>
        </identifiers>
        <balance>310000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1931300</valUSD>
        <pctVal>3.49</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>RiverNorth Flexible</name>
        <lei>N/A</lei>
        <title>CLOSED-E</title>
        <cusip>76883Y107</cusip>
        <identifiers>
          <isin value="US76883Y1073"/>
        </identifiers>
        <balance>49190</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>621761.6</valUSD>
        <pctVal>1.12</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>WESTERN ASSET</name>
        <lei>5493000MG5MROBD48K57</lei>
        <title>CLOSED-E</title>
        <cusip>958435109</cusip>
        <identifiers>
          <isin value="US9584351095"/>
        </identifiers>
        <balance>4147</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>31185.44</valUSD>
        <pctVal>0.06</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>DELAWARE INV NATL</name>
        <lei>NIC7ULNUGCUI836YP119</lei>
        <title>CLOSED-E</title>
        <cusip>24610T108</cusip>
        <identifiers>
          <isin value="US24610T1088"/>
        </identifiers>
        <balance>170000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1642200</valUSD>
        <pctVal>2.97</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>Western Asset</name>
        <lei>549300BKG7Y2MQAORR48</lei>
        <title>CLOSED-E</title>
        <cusip>95766Q106</cusip>
        <identifiers>
          <isin value="US95766Q1067"/>
        </identifiers>
        <balance>53254</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>447333.6</valUSD>
        <pctVal>0.81</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>Western Asset</name>
        <lei>549300Z3DNF4FJBJ4A87</lei>
        <title>CLOSED-E</title>
        <cusip>95766R104</cusip>
        <identifiers>
          <isin value="US95766R1041"/>
        </identifiers>
        <balance>230000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2014800</valUSD>
        <pctVal>3.65</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>PIMCO 25+ Year Zero</name>
        <lei>N/A</lei>
        <title>ETF</title>
        <cusip>72201R882</cusip>
        <identifiers>
          <isin value="US72201R8824"/>
        </identifiers>
        <balance>8700</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>583509</valUSD>
        <pctVal>1.06</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>Fidelity Investments</name>
        <lei>6X064LF7Y6B4DKF2GZ26</lei>
        <title>MONEYMKT</title>
        <cusip>316175108</cusip>
        <identifiers>
          <ticker value="FIGXX"/>
        </identifiers>
        <balance>15639551.6</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>15639551.56</valUSD>
        <pctVal>28.3</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>2025-08-12</ncom:dateSigned>
      <ncom:nameOfApplicant>Starboard Investment Trust</ncom:nameOfApplicant>
      <ncom:signature>Pete Mccabe</ncom:signature>
      <ncom:signerName>Pete Mccabe</ncom:signerName>
      <ncom:title>Principal Accounting Officer/Principal Financial Officer</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
