NPORT-P false 0001464413 XXXXXXXX S000072156 C000227946 Starboard Investment Trust 811-22298 0001464413 549300IGQEISLESO0528 116 South Franklin Street Rocky Mount 27804 252-972-9922 Adaptive Hedged Multi-Asset Income ETF S000072156 549300EHSSN4HK394B90 2026-05-31 2026-02-28 N 49502154.47 108239.95 49393914.52 0 0 0 0 0 0 0 0 0 0 0 0 0 0 USD N n/a n/a CWALT 2006-28CB A15 N/A 02147TAQ9 519226.1 NS USD 188991.69 0.38 Long ABS-MBS CORP US N 2 2036-10-25 Fixed 6.5 N N N N N N AHM 2004-1 4M1 N/A 02660TAS2 117228.4 NS USD 107425.67 0.22 Long ABS-MBS CORP US N 2 2044-04-25 Floating 6.05 N N N N N N CWALT 2005-J11 N/A 12668AJS5 24876 NS USD 25195.62 0.05 Long ABS-MBS CORP US N 2 2035-09-25 Fixed 5 N N N N N N MicroStrategy Inc N/A 594972408 23381 NS USD 3027839.5 6.13 Long EC CORP US N 1 N N N Yieldmax Amzn Option N/A 88634T840 33055 NS USD 373521.5 0.76 Long EC CORP US N 1 N N N YieldMax AAPL Option N/A 88634T857 38729 NS USD 474430.25 0.96 Long EC CORP US N 1 N N N Yieldmax Meta Option N/A 88634T816 31327 NS USD 363706.47 0.74 Long EC CORP US N 1 N N N VanEck Vectors Gold N/A 92189F106 26678 NS USD 3090379.52 6.26 Long EC CORP US N 1 N N N YieldMax GOOGL Optio N/A 88634T790 43468 NS USD 601162.44 1.22 Long EC CORP US N 1 N N N FT Vest Gold Strateg N/A 33733E856 198415 NS USD 5754035 11.65 Long EC CORP US N 1 N N N YieldMax MSFT Option N/A 88634T428 29795 NS USD 371841.6 0.75 Long EC CORP US N 1 N N N YieldMax NVDA Option N/A 88634T774 30919 NS USD 411222.7 0.83 Long EC CORP US N 1 N N N Invesco QQQ Trust Se 549300VY6FEJBCIMET58 46090E103 56 NS USD 34008.24 0.07 Long EC CORP US N 1 N N N State Street SPDR 549300NZAMSJ8FXPQQ63 78462F103 9193 NS USD 6306306.07 12.77 Long EC CORP US N 1 N N N iShares 20+ Year Tre 549300WWURKS1JGBZU59 464287432 122303 NS USD 11107558.46 22.49 Long EC CORP US N 1 N N N Yieldmax Tsla Option N/A 88636X880 100 NS USD 3235 0.01 Long EC CORP US N 1 N N N Vanguard Value ETF N/A 922908744 15375 NS USD 3186622.5 6.45 Long EC CORP US N 1 N N N X-Links Crude Oil Sh N/A 22539U602 48654 NS USD 2503734.84 5.07 Long EC CORP US N 1 N N N Fidelity Investments 6X064LF7Y6B4DKF2GZ26 316175108 278043.4 NS USD 278043.43 0.56 Long STIV US N 1 N N N iShares 20+ Year Tre N/A 464287432 -1100 NC USD -96800 -0.2 Short DE US N 2 CLEAR ST N/A Call Written iShares 20+ Year Tre ETF 100 90 USD 2026-02-28 XXXX -72626.13 N N N MicroStrategy Inc N/A 594972408 220 NC USD 207900 0.42 Long DE US N 2 CLEAR ST N/A Put Purchased MicroStrategy Inc COMMSTCK 100 130 USD 2026-03-21 XXXX -47196.64 N N N MicroStrategy Inc N/A 594972408 -220 NC USD -110 0 Short DE US N 2 CLEAR ST N/A Call Written MicroStrategy Inc COMMSTCK 100 140 USD 2026-02-28 XXXX 44005.64 N N N RH Hedged Multi-Asse N/A N/A 394556.9 NS USD 5834668.82 11.81 Long US N 2 N N N 2026-04-24 Starboard Investment Trust Pete Mccabe Pete Mccabe Principal Accounting Officer/Principal Financial Officer XXXX