# EDGAR Filing Document

**Accession Number:** 0001464413
**File Stem:** 0001387131-23-003789
**Filing Date:** 2023-3
**Character Count:** 34169
**Document Hash:** c0f2999f40ae43d24e7f751ce158a8c2
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001387131-23-003789.hdr.sgml**: 20230321

**ACCESSION NUMBER**: 0001387131-23-003789

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20230228

**FILED AS OF DATE**: 20230321

**DATE AS OF CHANGE**: 20230321

**PERIOD START**: 20230228

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Starboard Investment Trust
- **CENTRAL INDEX KEY:** 0001464413
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0531

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22298
- **FILM NUMBER:** 23748283

**BUSINESS ADDRESS:**
- **STREET 1:** 116 SOUTH FRANKLIN STREET
- **STREET 2:** POST OFFICE BOX 69
- **CITY:** ROCKY MOUNT
- **STATE:** NC
- **ZIP:** 27802-0069
- **BUSINESS PHONE:** 252-972-9922 EXT.249

**MAIL ADDRESS:**
- **STREET 1:** 116 SOUTH FRANKLIN STREET
- **STREET 2:** POST OFFICE BOX 69
- **CITY:** ROCKY MOUNT
- **STATE:** NC
- **ZIP:** 27802-0069

## Series and Classes Contracts Data

### Arin Large Cap Theta Fund (Series ID: S000037782)

| Class ID   | Class Name                 | Ticker Symbol   |
|:---|:---|:---|
| C000116540 | Institutional Class Shares | AVOLX           |

## Nport-Ex

---

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| XTR_FUND | XTR_FNDDSC | XTR_TKR | XTR_DESC1 | XTR_DESC2 | OCC_ID | XTR_CUSIP | XTR_GROUP1 | XTR_GROUP2 | XTR_CATGRY | XTR_CATDSC | XTR_SECTOR | XTR_SECTR1 | XTR_SECTR2 | XTR_CONTRY | XTR_CONDSC | XTR_STNAME | XTR_CURNCY | XTR_CURDSC | XTR_MATDAT | XTR_SUBUNT | XTR_SUBDSC | XTR_PRICE | XTR_PRISRC | SECTYPE | SECTYPE2 | RPT_ID | INCLUD_CAT | LEGAL1 | LEGAL2 | LEGAL3 | LEGAL4 | LEGAL5 | LEGAL6 | BAS_Q_DECS | BAS_M_DECS | LCL_P_DECS | LCL_Q_DECS | ISBASCURR | POS_INCOM | CLASS | LONGSHORT | QTYINDIC | FAS_LEVEL | PROCESS_DATE | SECTOR | FUNDCURR | BASECURR | POS_QTY | POS_ORGCST | POS_AMORT | POS_MKTVAL | RND_MKTVAL | POS_GL | RNDPOS_GL | POS_YIELD | YIELDTOCALL | POS_YTM | POS_YTM_NA | POS_PC_PRT | POS_PC_AST | POS_PC_NAS | POS_ORGFAC | FAS_TODAY_ONLY | LEI |
| 332 | Arin Large Cap Theta Fund | FISXX | Fidelity Investments | Money Market Funds |  | 316175504 | UNGROUPED SECURITIES |  | MONEYMKT | MONEY MARKET |  |  |  | USA | UNITED STATES<br> MA | MASSACHUSETTS | USD | US DOLLAR | 3/1/2023 |  |  | 100.00 |  |  |  |  |  | Fidelity Investments | Money Market Funds |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 35455.60 |  | L<br> N |  |  | 3/1/2023<br> C |  | 332;USD | USD | 795260.16 | 795260.16 | 795260.16 | 795260.16 | 795260.16 | 0.00 | 0.00 | 4.46 | False | 0.00 |  | 0.64 | 0.34 | 0.64 | 0.00 |  |  |
| 332 | Arin Large Cap Theta Fund | 02466B22 | SPX 230317C0020000 |  | SPX 230317C00200000 | SPX230317C200 | UNGROUPED SECURITIES |  | OPTION | OPTION |  |  |  | USA | UNITED STATES |  | USD | US DOLLAR | 3/17/2023 |  |  | 3759.15 |  |  |  |  |  | SPX 230317C0020000 |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 |  | L<br> N |  |  | 3/1/2023<br> C |  | 332;USD | USD | 85.00 | 32250673.29 | 32250673.29 | 31952775.00 | 31952775.00 | -297898.29 | -297898.29 | 0.00 | False | 0.00 | N/A | 25.83 | 13.68 | 25.81 | 0.00 |  |  |
| 332 | Arin Large Cap Theta Fund | 01666B22 | SPX 230317C0300000 |  | SPX 230317C03000000 | SPX230317C3000 | UNGROUPED SECURITIES |  | OPTION | OPTION |  |  |  | USA | UNITED STATES |  | USD | US DOLLAR | 3/17/2023 |  |  | 965.80 |  |  |  |  |  | SPX 230317C0300000 |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 |  | S<br> N |  |  | 3/1/2023<br> C |  | 332;USD | USD | -6.00 | -657557.33 | -657557.33 | -579480.00 | -579480.00 | 78077.33 | 78077.33 | 0.00 | False | 0.00 | N/A | -0.47 | -0.25 | -0.47 | 0.00 |  |  |
| 332 | Arin Large Cap Theta Fund | 06666B22 | SPX 230317C0400000 |  | SPX 230317C04000000 | SPX230317C4000 | UNGROUPED SECURITIES |  | OPTION | OPTION |  |  |  | USA | UNITED STATES |  | USD | US DOLLAR | 3/17/2023 |  |  | 48.70 |  |  |  |  |  | SPX 230317C0400000 |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 |  | L<br> N |  |  | 3/1/2023<br> C |  | 332;USD | USD | 19.00 | 316954.89 | 316954.89 | 92530.00 | 92530.00 | -224424.89 | -224424.89 | 0.00 | False | 0.00 | N/A | 0.07 | 0.04 | 0.07 | 0.00 |  |  |
| 332 | Arin Large Cap Theta Fund | 07666B22 | SPX 230317C0500000 |  | SPX 230317C05000000 | SPX230317C5000 | UNGROUPED SECURITIES |  | OPTION | OPTION |  |  |  | USA | UNITED STATES |  | USD | US DOLLAR | 3/17/2023 |  |  | 0.05 |  |  |  |  |  | SPX 230317C0500000 |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 |  | S<br> N |  |  | 3/1/2023<br> C |  | 332;USD | USD | -13.00 | -80.95 | -80.95 | -65.00 | -65.00 | 15.95 | 15.95 | 0.00 | False | 0.00 | N/A | 0.00 | 0.00 | 0.00 | 0.00 |  |  |
| 332 | Arin Large Cap Theta Fund | 0A466B22 | SPX 230317C0820000 |  | SPX 230317C08200000 | SPX230317C8200 | UNGROUPED SECURITIES |  | OPTION | OPTION |  |  |  | USA | UNITED STATES |  | USD | US DOLLAR | 3/17/2023 |  |  | 0.05 |  |  |  |  |  | SPX 230317C0820000 |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 |  | S<br> N |  |  | 3/1/2023<br> C |  | 332;USD | USD | -85.00 | -180.96 | -180.96 | -425.00 | -425.00 | -244.04 | -244.04 | 0.00 | False | 0.00 | N/A | 0.00 | 0.00 | 0.00 | 0.00 |  |  |
| 332 | Arin Large Cap Theta Fund | 02466B31 | SPX 230317P0020000 |  | SPX 230317P00200000 | SPX230317P200 | UNGROUPED SECURITIES |  | OPTION | OPTION |  |  |  | USA | UNITED STATES |  | USD | US DOLLAR | 3/17/2023 |  |  | 0.05 |  |  |  |  |  | SPX 230317P0020000 |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 |  | S<br> N |  |  | 3/1/2023<br> C |  | 332;USD | USD | -85.00 | -180.96 | -180.96 | -425.00 | -425.00 | -244.04 | -244.04 | 0.00 | False | 0.00 | N/A | 0.00 | 0.00 | 0.00 | 0.00 |  |  |
| 332 | Arin Large Cap Theta Fund | 03366B31 | SPX 230317P0150000 |  | SPX 230317P01500000 | SPX230317P1500 | UNGROUPED SECURITIES |  | OPTION | OPTION |  |  |  | USA | UNITED STATES |  | USD | US DOLLAR | 3/17/2023 |  |  | 0.05 |  |  |  |  |  | SPX 230317P0150000 |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 |  | S<br> N |  |  | 3/1/2023<br> C |  | 332;USD | USD | -500.00 | -4494.68 | -4494.68 | -2500.00 | -2500.00 | 1994.68 | 1994.68 | 0.00 | False | 0.00 | N/A | 0.00 | 0.00 | 0.00 | 0.00 |  |  |
| 332 | Arin Large Cap Theta Fund | 03F66B31 | SPX 230317P0190000 |  | SPX 230317P01900000 | SPX230317P1900 | UNGROUPED SECURITIES |  | OPTION | OPTION |  |  |  | USA | UNITED STATES |  | USD | US DOLLAR | 3/17/2023 |  |  | 0.05 |  |  |  |  |  | SPX 230317P0190000 |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 |  | L<br> N |  |  | 3/1/2023<br> C |  | 332;USD | USD | 1783.00 | 218860.75 | 218860.75 | 8915.00 | 8915.00 | -209945.75 | -209945.75 | 0.00 | False | 0.00 | N/A | 0.01 | 0.00 | 0.01 | 0.00 |  |  |
| 332 | Arin Large Cap Theta Fund | 01666B31 | SPX 230317P0300000 |  | SPX 230317P03000000 | SPX230317P3000 | UNGROUPED SECURITIES |  | OPTION | OPTION |  |  |  | USA | UNITED STATES |  | USD | US DOLLAR | 3/17/2023 |  |  | 0.25 |  |  |  |  |  | SPX 230317P0300000 |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 |  | L<br> N |  |  | 3/1/2023<br> C |  | 332;USD | USD | 6.00 | 1137.67 | 1137.67 | 150.00 | 150.00 | -987.67 | -987.67 | 0.00 | False | 0.00 | N/A | 0.00 | 0.00 | 0.00 | 0.00 |  |  |
| 332 | Arin Large Cap Theta Fund | 06666B31 | SPX 230317P0400000 |  | SPX 230317P04000000 | SPX230317P4000 | UNGROUPED SECURITIES |  | OPTION | OPTION |  |  |  | USA | UNITED STATES |  | USD | US DOLLAR | 3/17/2023 |  |  | 79.95 |  |  |  |  |  | SPX 230317P0400000 |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 |  | S<br> N |  |  | 3/1/2023<br> C |  | 332;USD | USD | -19.00 | -101273.11 | -101273.11 | -151905.00 | -151905.00 | -50631.89 | -50631.89 | 0.00 | False | 0.00 | N/A | -0.12 | -0.07 | -0.12 | 0.00 |  |  |
| 332 | Arin Large Cap Theta Fund | 07666B31 | SPX 230317P0500000 |  | SPX 230317P05000000 | SPX230317P5000 | UNGROUPED SECURITIES |  | OPTION | OPTION |  |  |  | USA | UNITED STATES |  | USD | US DOLLAR | 3/17/2023 |  |  | 1029.35 |  |  |  |  |  | SPX 230317P0500000 |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 |  | L<br> N |  |  | 3/1/2023<br> C |  | 332;USD | USD | 13.00 | 1126808.22 | 1126808.22 | 1338155.00 | 1338155.00 | 211346.78 | 211346.78 | 0.00 | False | 0.00 | N/A | 1.08 | 0.57 | 1.08 | 0.00 |  |  |
| 332 | Arin Large Cap Theta Fund | 05666B31 | SPX 230317P0700000 |  | SPX 230317P07000000 | SPX230317P7000 | UNGROUPED SECURITIES |  | OPTION | OPTION |  |  |  | USA | UNITED STATES |  | USD | US DOLLAR | 3/17/2023 |  |  | 3024.70 |  |  |  |  |  | SPX 230317P0700000 |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 |  | S<br> N |  |  | 3/1/2023<br> C |  | 332;USD | USD | -167.00 | -50864808.98 | -50864808.98 | -50512490.00 | -50512490.00 | 352318.98 | 352318.98 | 0.00 | False | 0.00 | N/A | -40.83 | -21.62 | -40.80 | 0.00 |  |  |
| 332 | Arin Large Cap Theta Fund | 05466B31 | SPX 230317P0720000 |  | SPX 230317P07200000 | SPX230317P7200 | UNGROUPED SECURITIES |  | OPTION | OPTION |  |  |  | USA | UNITED STATES |  | USD | US DOLLAR | 3/17/2023 |  |  | 3224.20 |  |  |  |  |  | SPX 230317P0720000 |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 |  | L<br> N |  |  | 3/1/2023<br> C |  | 332;USD | USD | 73.00 | 22704502.66 | 22704502.66 | 23536660.00 | 23536660.00 | 832157.34 | 832157.34 | 0.00 | False | 0.00 | N/A | 19.02 | 10.07 | 19.01 | 0.00 |  |  |
| 332 | Arin Large Cap Theta Fund | 05266B31 | SPX 230317P0740000 |  | SPX 230317P07400000 | SPX230317P7400 | UNGROUPED SECURITIES |  | OPTION | OPTION |  |  |  | USA | UNITED STATES |  | USD | US DOLLAR | 3/17/2023 |  |  | 3423.45 |  |  |  |  |  | SPX 230317P0740000 |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 |  | L<br> N |  |  | 3/1/2023<br> C |  | 332;USD | USD | 2.00 | 673373.42 | 673373.42 | 684690.00 | 684690.00 | 11316.58 | 11316.58 | 0.00 | False | 0.00 | N/A | 0.55 | 0.29 | 0.55 | 0.00 |  |  |
| 332 | Arin Large Cap Theta Fund | 05066B31 | SPX 230317P0760000 |  | SPX 230317P07600000 | SPX230317P7600 | UNGROUPED SECURITIES |  | OPTION | OPTION |  |  |  | USA | UNITED STATES |  | USD | US DOLLAR | 3/17/2023 |  |  | 3622.95 |  |  |  |  |  | SPX 230317P0760000 |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 |  | S<br> N |  |  | 3/1/2023<br> C |  | 332;USD | USD | -1.00 | -368976.30 | -368976.30 | -362295.00 | -362295.00 | 6681.30 | 6681.30 | 0.00 | False | 0.00 | N/A | -0.29 | -0.16 | -0.29 | 0.00 |  |  |
| 332 | Arin Large Cap Theta Fund | 05Z66B31 | SPX 230317P0780000 |  | SPX 230317P07800000 | SPX230317P7800 | UNGROUPED SECURITIES |  | OPTION | OPTION |  |  |  | USA | UNITED STATES |  | USD | US DOLLAR | 3/17/2023 |  |  | 3822.70 |  |  |  |  |  | SPX 230317P0780000 |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 |  | S<br> N |  |  | 3/1/2023<br> C |  | 332;USD | USD | -2.00 | -778850.60 | -778850.60 | -764540.00 | -764540.00 | 14310.60 | 14310.60 | 0.00 | False | 0.00 | N/A | -0.62 | -0.33 | -0.62 | 0.00 |  |  |
| 332 | Arin Large Cap Theta Fund | 0A666B31 | SPX 230317P0800000 |  | SPX 230317P08000000 | SPX230317P8000 | UNGROUPED SECURITIES |  | OPTION | OPTION |  |  |  | USA | UNITED STATES |  | USD | US DOLLAR | 3/17/2023 |  |  | 4022.10 |  |  |  |  |  | SPX 230317P0800000 |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 |  | L<br> N |  |  | 3/1/2023<br> C |  | 332;USD | USD | 143.00 | 57981081.83 | 57981081.83 | 57516030.00 | 57516030.00 | -465051.83 | -465051.83 | 0.00 | False | 0.00 | N/A | 46.49 | 24.62 | 46.45 | 0.00 |  |  |
| 332 | Arin Large Cap Theta Fund | 0A466B31 | SPX 230317P0820000 |  | SPX 230317P08200000 | SPX230317P8200 | UNGROUPED SECURITIES |  | OPTION | OPTION |  |  |  | USA | UNITED STATES |  | USD | US DOLLAR | 3/17/2023 |  |  | 4221.60 |  |  |  |  |  | SPX 230317P0820000 |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 |  | L<br> N |  |  | 3/1/2023<br> C |  | 332;USD | USD | 33.00 | 13337436.88 | 13337436.88 | 13931280.00 | 13931280.00 | 593843.12 | 593843.12 | 0.00 | False | 0.00 | N/A | 11.26 | 5.96 | 11.25 | 0.00 |  |  |
| 332 | Arin Large Cap Theta Fund | 0A566B31 | SPX 230317P0830000 |  | SPX 230317P08300000 | SPX230317P8300 | UNGROUPED SECURITIES |  | OPTION | OPTION |  |  |  | USA | UNITED STATES |  | USD | US DOLLAR | 3/17/2023 |  |  | 4321.20 |  |  |  |  |  | SPX 230317P0830000 |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 |  | L<br> N |  |  | 3/1/2023<br> C |  | 332;USD | USD | 4.00 | 1657537.05 | 1657537.05 | 1728480.00 | 1728480.00 | 70942.95 | 70942.95 | 0.00 | False | 0.00 | N/A | 1.40 | 0.74 | 1.40 | 0.00 |  |  |
| 332 | Arin Large Cap Theta Fund | 03F61851 | SPX 230421P0190000 |  | SPX 230421P01900000 | SPX230421P1900 | UNGROUPED SECURITIES |  | OPTION | OPTION |  |  |  | USA | UNITED STATES |  | USD | US DOLLAR | 4/21/2023 |  |  | 0.30 |  |  |  |  |  | SPX 230421P0190000 |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 |  | L<br> N |  |  | 3/1/2023<br> C |  | 332;USD | USD | 1125.00 | 120568.23 | 120568.23 | 33750.00 | 33750.00 | -86818.23 | -86818.23 | 0.00 | False | 0.00 | N/A | 0.03 | 0.01 | 0.03 | 0.00 |  |  |
| 332 | Arin Large Cap Theta Fund | 03F60BD1 | SPX 230519P0190000 |  | SPX 230519P01900000 | SPX230519P1900 | UNGROUPED SECURITIES |  | OPTION | OPTION |  |  |  | USA | UNITED STATES |  | USD | US DOLLAR | 5/19/2023 |  |  | 0.75 |  |  |  |  |  | SPX 230519P0190000 |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 |  | L<br> N |  |  | 3/1/2023<br> C |  | 332;USD | USD | 1250.00 | 145086.28 | 145086.28 | 93750.00 | 93750.00 | -51336.28 | -51336.28 | 0.00 | False | 0.00 | N/A | 0.08 | 0.04 | 0.08 | 0.00 |  |  |
| 332 | Arin Large Cap Theta Fund | 06663B32 | SPX 230616C0400000 |  | SPX 230616C04000000 | SPX230616C4000 | UNGROUPED SECURITIES |  | OPTION | OPTION |  |  |  | USA | UNITED STATES |  | USD | US DOLLAR | 6/16/2023 |  |  | 162.55 |  |  |  |  |  | SPX 230616C0400000 |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 |  | L<br> N |  |  | 3/1/2023<br> C |  | 332;USD | USD | 284.00 | 8331217.68 | 8331217.68 | 4616420.00 | 4616420.00 | -3714797.68 | -3714797.68 | 0.00 | False | 0.00 | N/A | 3.73 | 1.98 | 3.73 | 0.00 |  |  |
| 332 | Arin Large Cap Theta Fund | 07663B32 | SPX 230616C0500000 |  | SPX 230616C05000000 | SPX230616C5000 | UNGROUPED SECURITIES |  | OPTION | OPTION |  |  |  | USA | UNITED STATES |  | USD | US DOLLAR | 6/16/2023 |  |  | 0.48 |  |  |  |  |  | SPX 230616C0500000 |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 |  | S<br> N |  |  | 3/1/2023<br> C |  | 332;USD | USD | -284.00 | -54534.33 | -54534.33 | -13490.00 | -13490.00 | 41044.33 | 41044.33 | 0.00 | False | 0.00 | N/A | -0.01 | -0.01 | -0.01 | 0.00 |  |  |
| 332 | Arin Large Cap Theta Fund | 03F63B21 | SPX 230616P0190000 |  | SPX 230616P01900000 | SPX230616P1900. | UNGROUPED SECURITIES |  | OPTION | OPTION |  |  |  | USA | UNITED STATES |  | USD | US DOLLAR | 6/16/2023 |  |  | 1.41 |  |  |  |  |  | SPX 230616P0190000 |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 |  | L<br> N |  |  | 3/1/2023<br> C |  | 332;USD | USD | 500.00 | 70555.78 | 70555.78 | 70555.78 | 70555.78 | 0.00 | 0.00 | 0.00 | False | 0.00 | N/A | 0.06 | 0.03 | 0.06 | 0.00 |  |  |
| 332 | Arin Large Cap Theta Fund | 06663B21 | SPX 230616P0400000 |  | SPX 230616P04000000 | SPX230616P4000 | UNGROUPED SECURITIES |  | OPTION | OPTION |  |  |  | USA | UNITED STATES |  | USD | US DOLLAR | 6/16/2023 |  |  | 157.75 |  |  |  |  |  | SPX 230616P0400000 |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 |  | S<br> N |  |  | 3/1/2023<br> C |  | 332;USD | USD | -284.00 | -3037168.33 | -3037168.33 | -4480100.00 | -4480100.00 | -1442931.67 | -1442931.67 | 0.00 | False | 0.00 | N/A | -3.62 | -1.92 | -3.62 | 0.00 |  |  |
| 332 | Arin Large Cap Theta Fund | 07663B21 | SPX 230616P0500000 |  | SPX 230616P05000000 | SPX230616P5000 | UNGROUPED SECURITIES |  | OPTION | OPTION |  |  |  | USA | UNITED STATES |  | USD | US DOLLAR | 6/16/2023 |  |  | 981.15 |  |  |  |  |  | SPX 230616P0500000 |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 |  | L<br> N |  |  | 3/1/2023<br> C |  | 332;USD | USD | 284.00 | 22699197.68 | 22699197.68 | 27864660.00 | 27864660.00 | 5165462.32 | 5165462.32 | 0.00 | False | 0.00 | N/A | 22.52 | 11.93 | 22.50 | 0.00 |  |  |
| 332 | Arin Large Cap Theta Fund | 0166CB02 | SPX 230915C0300000 |  | SPX 230915C03000000 | SPX230915C3000 | UNGROUPED SECURITIES |  | OPTION | OPTION |  |  |  | USA | UNITED STATES |  | USD | US DOLLAR | 9/15/2023 |  |  | 1043.40 |  |  |  |  |  | SPX 230915C0300000 |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 |  | L<br> N |  |  | 3/1/2023<br> C |  | 332;USD | USD | 6.00 | 704192.87 | 704192.87 | 626040.00 | 626040.00 | -78152.87 | -78152.87 | 0.00 | False | 0.00 | N/A | 0.51 | 0.27 | 0.51 | 0.00 |  |  |
| 332 | Arin Large Cap Theta Fund | 0666CB02 | SPX 230915C0400000 |  | SPX 230915C04000000 | SPX230915C4000 | UNGROUPED SECURITIES |  | OPTION | OPTION |  |  |  | USA | UNITED STATES |  | USD | US DOLLAR | 9/15/2023 |  |  | 243.70 |  |  |  |  |  | SPX 230915C0400000 |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 |  | S<br> N |  |  | 3/1/2023<br> C |  | 332;USD | USD | -6.00 | -208937.13 | -208937.13 | -146220.00 | -146220.00 | 62717.13 | 62717.13 | 0.00 | False | 0.00 | N/A | -0.12 | -0.06 | -0.12 | 0.00 |  |  |
| 332 | Arin Large Cap Theta Fund | 0166CB11 | SPX 230915P0300000 |  | SPX 230915P03000000 | SPX230915P3000 | UNGROUPED SECURITIES |  | OPTION | OPTION |  |  |  | USA | UNITED STATES |  | USD | US DOLLAR | 9/15/2023 |  |  | 27.30 |  |  |  |  |  | SPX 230915P0300000 |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 |  | S<br> N |  |  | 3/1/2023<br> C |  | 332;USD | USD | -6.00 | -18693.13 | -18693.13 | -16380.00 | -16380.00 | 2313.13 | 2313.13 | 0.00 | False | 0.00 | N/A | -0.01 | -0.01 | -0.01 | 0.00 |  |  |
| 332 | Arin Large Cap Theta Fund | 0666CB11 | SPX 230915P0400000 |  | SPX 230915P04000000 | SPX230915P4000 | UNGROUPED SECURITIES |  | OPTION | OPTION |  |  |  | USA | UNITED STATES |  | USD | US DOLLAR | 9/15/2023 |  |  | 200.85 |  |  |  |  |  | SPX 230915P0400000 |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 |  | L<br> N |  |  | 3/1/2023<br> C |  | 332;USD | USD | 6.00 | 105904.87 | 105904.87 | 120510.00 | 120510.00 | 14605.13 | 14605.13 | 0.00 | False | 0.00 | N/A | 0.10 | 0.05 | 0.10 | 0.00 |  |  |
| 332 | Arin Large Cap Theta Fund | 03666D12 | SPXW 230303C0100000 |  | SPXW 230303C01000000 | SPXW230303C1000 | UNGROUPED SECURITIES |  | OPTION | OPTION |  |  |  | USA | UNITED STATES |  | USD | US DOLLAR | 3/4/2023 |  |  | 2962.65 |  |  |  |  |  | SPXW 230303C0100000 |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 |  | L<br> N |  |  | 3/1/2023<br> C |  | 332;USD | USD | 64.00 | 19304850.28 | 19304850.28 | 18960960.00 | 18960960.00 | -343890.28 | -343890.28 | 0.00 | False | 0.00 | N/A | 15.33 | 8.12 | 15.31 | 0.00 |  |  |
| 332 | Arin Large Cap Theta Fund | 07666D12 | SPXW 230303C0500000 |  | SPXW 230303C05000000 | SPXW230303C5000 | UNGROUPED SECURITIES |  | OPTION | OPTION |  |  |  | USA | UNITED STATES |  | USD | US DOLLAR | 3/4/2023 |  |  | 0.05 |  |  |  |  |  | SPXW 230303C0500000 |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 |  | S<br> N |  |  | 3/1/2023<br> C |  | 332;USD | USD | -64.00 | -139.93 | -139.93 | -320.00 | -320.00 | -180.07 | -180.07 | 0.00 | False | 0.00 | N/A | 0.00 | 0.00 | 0.00 | 0.00 |  |  |
| 332 | Arin Large Cap Theta Fund | 03666D01 | SPXW 230303P0100000 |  | SPXW 230303P01000000 | SPXW230303P1000 | UNGROUPED SECURITIES |  | OPTION | OPTION |  |  |  | USA | UNITED STATES |  | USD | US DOLLAR | 3/4/2023 |  |  | 0.05 |  |  |  |  |  | SPXW 230303P0100000 |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 |  | S<br> N |  |  | 3/1/2023<br> C |  | 332;USD | USD | -64.00 | -139.93 | -139.93 | -320.00 | -320.00 | -180.07 | -180.07 | 0.00 | False | 0.00 | N/A | 0.00 | 0.00 | 0.00 | 0.00 |  |  |
| 332 | Arin Large Cap Theta Fund | 01F66D01 | SPXW 230303P0390000 |  | SPXW 230303P03900000 | SPXW230303P3900 | UNGROUPED SECURITIES |  | OPTION | OPTION |  |  |  | USA | UNITED STATES |  | USD | US DOLLAR | 3/4/2023 |  |  | 7.30 |  |  |  |  |  | SPXW 230303P0390000 |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 |  | L<br> N |  |  | 3/1/2023<br> C |  | 332;USD | USD | 158.00 | 307948.56 | 307948.56 | 115340.00 | 115340.00 | -192608.56 | -192608.56 | 0.00 | False | 0.00 | N/A | 0.09 | 0.05 | 0.09 | 0.00 |  |  |
| 332 | Arin Large Cap Theta Fund | 06766D01 | SPXW 230303P0410000 |  | SPXW 230303P04100000 | SPXW230303P4100 | UNGROUPED SECURITIES |  | OPTION | OPTION |  |  |  | USA | UNITED STATES |  | USD | US DOLLAR | 3/4/2023 |  |  | 135.80 |  |  |  |  |  | SPXW 230303P0410000 |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 |  | S<br> N |  |  | 3/1/2023<br> C |  | 332;USD | USD | -158.00 | -1175039.44 | -1175039.44 | -2145640.00 | -2145640.00 | -970600.56 | -970600.56 | 0.00 | False | 0.00 | N/A | -1.73 | -0.92 | -1.73 | 0.00 |  |  |
| 332 | Arin Large Cap Theta Fund | 06236D01 | SPXW 230303P0445000 |  | SPXW 230303P04450000 | SPXW230303P4450 | UNGROUPED SECURITIES |  | OPTION | OPTION |  |  |  | USA | UNITED STATES |  | USD | US DOLLAR | 3/4/2023 |  |  | 484.95 |  |  |  |  |  | SPXW 230303P0445000 |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 |  | S<br> N |  |  | 3/1/2023<br> C |  | 332;USD | USD | -161.00 | -5869542.32 | -5869542.32 | -7807695.00 | -7807695.00 | -1938152.68 | -1938152.68 | 0.00 | False | 0.00 | N/A | -6.31 | -3.34 | -6.31 | 0.00 |  |  |
| 332 | Arin Large Cap Theta Fund | 07666D01 | SPXW 230303P0500000 |  | SPXW 230303P05000000 | SPXW230303P5000 | UNGROUPED SECURITIES |  | OPTION | OPTION |  |  |  | USA | UNITED STATES |  | USD | US DOLLAR | 3/4/2023 |  |  | 1034.60 |  |  |  |  |  | SPXW 230303P0500000 |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 |  | L<br> N |  |  | 3/1/2023<br> C |  | 332;USD | USD | 64.00 | 6264268.28 | 6264268.28 | 6621440.00 | 6621440.00 | 357171.72 | 357171.72 | 0.00 | False | 0.00 | N/A | 5.35 | 2.83 | 5.35 | 0.00 |  |  |

---

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** Starboard Investment Trust

- **b. Investment Company Act file number:** 811-22298

- **c. CIK number of Registrant:** 0001464413

- **d. LEI of Registrant:** 549300IGQEISLESO0528

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 116 South Franklin Street

  - **City:** Rocky Mount

  - **State:** NC

  - **Foreign country:** US

  - **Zip / Postal Code:** 27804

  - **Telephone number:** 252-972-9922

**Item A.2. Information about the Series.**

- **a. Name of Series:** Arin Large Cap Theta Fund

- **b. EDGAR series identifier (if any):** S000037782

- **c. LEI of Series:** 549300LMEGOSEK6B6318

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2023-02-28

- **b. Date as of which information is reported:** 2023-02-28

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $233632927.44

**Total Liabilities:** $109813427.29

**Net Assets:** $123819500.15

**Currency Risk Metrics (dv01):**

- 

**Credit Spread Risk - Investment Grade (dv01):**

- **3-Month:** 0 | **1-Year:** 0 | **5-Year:** 0 | **10-Year:** 0 | **30-Year:** 0

**Credit Spread Risk - Non-Investment Grade (dv01):**

- **3-Month:** 0 | **1-Year:** 0 | **5-Year:** 0 | **10-Year:** 0 | **30-Year:** 0

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000116540 | -5.66%               | 5.45%                | -2.07%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $0.00                    | $0.00                                      |
| Month 2  | $1014925.42              | $0.00                                      |
| Month 3  | $0.00                    | $0.00                                      |

**Designated Index Information**

- **Index Name:** SPX

- **Index Identifier:** SPX

### Schedule of Portfolio Investments

| Name                 | Title    | Identifiers                  | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Fidelity Investments | MONEYMKT | CUSIP: 316175504<br>LEI: N/A | Long             | STIV             |  | US        |    633060 | NS      | $633060.16    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| S&P 500 SPX INDEX    | OPTION   | CUSIP: 648815108<br>LEI: N/A | Short            | DE               |  | US        |        -6 | NC      | $-579480.00   | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| S&P 500 SPX INDEX    | OPTION   | CUSIP: 648815108<br>LEI: N/A | Long             | DE               |  | US        |         6 | NC      | $150.00       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| S&P 500 SPX INDEX    | OPTION   | CUSIP: 648815108<br>LEI: N/A | Long             | DE               |  | US        |         6 | NC      | $626040.00    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| S&P 500 SPX INDEX    | OPTION   | CUSIP: 648815108<br>LEI: N/A | Short            | DE               |  | US        |        -6 | NC      | $-16380.00    | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| S&P 500 SPX INDEX    | OPTION   | CUSIP: 648815108<br>LEI: N/A | Long             | DE               |  | US        |       158 | NC      | $115340.00    | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| S&P 500 SPX INDEX    | OPTION   | CUSIP: 648815108<br>LEI: N/A | Long             | DE               |  | US        |        85 | NC      | $31952775.00  | 0.26%             |  |  |  | No            |                  2 | On Loan: No      |
| S&P 500 SPX INDEX    | OPTION   | CUSIP: 648815108<br>LEI: N/A | Short            | DE               |  | US        |       -85 | NC      | $-425.00      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| S&P 500 SPX INDEX    | OPTION   | CUSIP: 648815108<br>LEI: N/A | Short            | DE               |  | US        |      -500 | NC      | $-2500.00     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| S&P 500 SPX INDEX    | OPTION   | CUSIP: 648815108<br>LEI: N/A | Short            | DE               |  | US        |       -64 | NC      | $-320.00      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| S&P 500 SPX INDEX    | OPTION   | CUSIP: 648815108<br>LEI: N/A | Long             | DE               |  | US        |        64 | NC      | $18960960.00  | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| S&P 500 SPX INDEX    | OPTION   | CUSIP: 648815108<br>LEI: N/A | Long             | DE               |  | US        |      1250 | NC      | $93750.00     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| S&P 500 SPX INDEX    | OPTION   | CUSIP: 648815108<br>LEI: N/A | Long             | DE               |  | US        |      1125 | NC      | $33750.00     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| S&P 500 SPX INDEX    | OPTION   | CUSIP: 648815108<br>LEI: N/A | Long             | DE               |  | US        |      1783 | NC      | $8915.00      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| S&P 500 SPX INDEX    | OPTION   | CUSIP: 648815108<br>LEI: N/A | Short            | DE               |  | US        |        -1 | NC      | $-362295.00   | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| S&P 500 SPX INDEX    | OPTION   | CUSIP: 648815108<br>LEI: N/A | Long             | DE               |  | US        |         2 | NC      | $684690.00    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| S&P 500 SPX INDEX    | OPTION   | CUSIP: 648815108<br>LEI: N/A | Long             | DE               |  | US        |        73 | NC      | $23536660.00  | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| S&P 500 SPX INDEX    | OPTION   | CUSIP: 648815108<br>LEI: N/A | Short            | DE               |  | US        |      -167 | NC      | $-50512490.00 | -0.41%            |  |  |  | No            |                  2 | On Loan: No      |
| S&P 500 SPX INDEX    | OPTION   | CUSIP: 648815108<br>LEI: N/A | Short            | DE               |  | US        |        -2 | NC      | $-764540.00   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| S&P 500 SPX INDEX    | OPTION   | CUSIP: 648815108<br>LEI: N/A | Short            | DE               |  | US        |      -161 | NC      | $-7807695.00  | -0.06%            |  |  |  | No            |                  2 | On Loan: No      |
| S&P 500 SPX INDEX    | OPTION   | CUSIP: 648815108<br>LEI: N/A | Short            | DE               |  | US        |      -284 | NC      | $-4480100.00  | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| S&P 500 SPX INDEX    | OPTION   | CUSIP: 648815108<br>LEI: N/A | Long             | DE               |  | US        |       284 | NC      | $4616420.00   | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| S&P 500 SPX INDEX    | OPTION   | CUSIP: 648815108<br>LEI: N/A | Long             | DE               |  | US        |        19 | NC      | $92530.00     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| S&P 500 SPX INDEX    | OPTION   | CUSIP: 648815108<br>LEI: N/A | Short            | DE               |  | US        |       -19 | NC      | $-151905.00   | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| S&P 500 SPX INDEX    | OPTION   | CUSIP: 648815108<br>LEI: N/A | Short            | DE               |  | US        |        -6 | NC      | $-146220.00   | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| S&P 500 SPX INDEX    | OPTION   | CUSIP: 648815108<br>LEI: N/A | Long             | DE               |  | US        |         6 | NC      | $120510.00    | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| S&P 500 SPX INDEX    | OPTION   | CUSIP: 648815108<br>LEI: N/A | Short            | DE               |  | US        |      -158 | NC      | $-2145640.00  | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| S&P 500 SPX INDEX    | OPTION   | CUSIP: 648815108<br>LEI: N/A | Long             | DE               |  | US        |       284 | NC      | $27864660.00  | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| S&P 500 SPX INDEX    | OPTION   | CUSIP: 648815108<br>LEI: N/A | Short            | DE               |  | US        |      -284 | NC      | $-13490.00    | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| S&P 500 SPX INDEX    | OPTION   | CUSIP: 648815108<br>LEI: N/A | Short            | DE               |  | US        |       -13 | NC      | $-65.00       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| S&P 500 SPX INDEX    | OPTION   | CUSIP: 648815108<br>LEI: N/A | Long             | DE               |  | US        |        13 | NC      | $1338155.00   | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| S&P 500 SPX INDEX    | OPTION   | CUSIP: 648815108<br>LEI: N/A | Long             | DE               |  | US        |        64 | NC      | $6621440.00   | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| S&P 500 SPX INDEX    | OPTION   | CUSIP: 648815108<br>LEI: N/A | Short            | DE               |  | US        |       -64 | NC      | $-320.00      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| S&P 500 SPX INDEX    | OPTION   | CUSIP: 648815108<br>LEI: N/A | Short            | DE               |  | US        |       -85 | NC      | $-425.00      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| S&P 500 SPX INDEX    | OPTION   | CUSIP: 648815108<br>LEI: N/A | Long             | DE               |  | US        |        33 | NC      | $13931280.00  | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| S&P 500 SPX INDEX    | OPTION   | CUSIP: 648815108<br>LEI: N/A | Long             | DE               |  | US        |         4 | NC      | $1728480.00   | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| S&P 500 SPX INDEX    | OPTION   | CUSIP: 648815108<br>LEI: N/A | Long             | DE               |  | US        |       143 | NC      | $57516030.00  | 0.46%             |  |  |  | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2023-03-20

**Name of Applicant:** Starboard Investment Trust

**Signature:** Ashley Lanham

**Name of Signer:** Ashley Lanham

**Title:** Principal Accounting Officer/Principal Financial Officer