# EDGAR Filing Document

**Accession Number:** 0001464413
**File Stem:** 0002000324-26-001644
**Filing Date:** 2026-4
**Character Count:** 181916
**Document Hash:** bfa44740cc6b9e1b8913750c8938b8d4
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002000324-26-001644.hdr.sgml**: 20260427

**ACCESSION NUMBER**: 0002000324-26-001644

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260228

**FILED AS OF DATE**: 20260427

**DATE AS OF CHANGE**: 20260427

**PERIOD START**: 20260531

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Starboard Investment Trust
- **CENTRAL INDEX KEY:** 0001464413

**ORGANIZATION NAME:**
- **EIN:** 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:** 26897630

**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

### Adaptive Alpha Opportunities ETF (Series ID: S000070423)

| Class ID   | Class Name                       | Ticker Symbol   |
|:---|:---|:---|
| C000223904 | Adaptive Alpha Opportunities ETF | AGOX            |

## Nport-Ex

---

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| XTR_FUND | XTR_FNDDSC | XTR_TKR | XTR_DESC1 | XTR_DESC2 | OCC_ID | XTR_CUSIP | XTR_GROUP | XTR_GROUP1 | XTR_GROUP2 | XTR_CATGRY | XTR_CATDSC | XTR_SECTOR | XTR_SECTR1 | XTR_SECTR2 | XTR_CONTRY | XTR_CONDSC | XTR_STATE | 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 | PRICE_ID | PRICINGMETHOD |
| 863 | Adaptive Alpha Opportunities ETF | HWM | HOWMET AEROSPACE INC |  |  | 443201108 | 1002 | Defense |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | NY | NEW YORK | USD | US DOLLAR | 1/0/1900 |  |  | 262.53 |  |  |  |  |  | HOWMET AEROSPACE INC |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 8692.44 |  | L<br> N |  |  | 2/27/2026<br> C |  | 863;USD | USD | 51132.00 | 7777610.36 | 7777610.36 | 13423683.96 | 13423683.96 | 5646073.60 | 5646073.60 | 0.06 | False | 0.00 | N/A | 4.02 | 3.53 | 3.93 | 0.00 |  |  | HWM<br> N | MP |
| 863 | Adaptive Alpha Opportunities ETF | RKLB | Rocket Lab USA Inc |  |  | 773121108 | 1002 | Defense |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | CA | CALIFORNIA | USD | US DOLLAR | 1/0/1900 |  |  | 69.10 |  |  |  |  |  | Rocket Lab USA Inc |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 |  | L<br> N |  |  | 2/27/2026<br> C |  | 863;USD | USD | 100443.00 | 7020947.00 | 7020947.00 | 6940611.30 | 6940611.30 | -80335.70 | -80335.70 | 0.00 | False | 0.00 | N/A | 2.08 | 1.83 | 2.03 | 0.00 |  |  | RKLB<br> N | MP |
| 863 | Adaptive Alpha Opportunities ETF | TSLA | Tesla Inc |  |  | 88160R101 | 1012 | Auto Manufacturers |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | CA | CALIFORNIA | USD | US DOLLAR | 1/0/1900 |  |  | 402.51 |  |  |  |  |  | Tesla Inc |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 |  | L<br> N |  |  | 2/27/2026<br> C |  | 863;USD | USD | 15367.00 | 6089102.44 | 6089102.44 | 6185371.17 | 6185371.17 | 96268.73 | 96268.73 | 0.00 | False | 0.00 | N/A | 1.85 | 1.63 | 1.81 | 0.00 |  |  | TSLA<br> N | MP |
| 863 | Adaptive Alpha Opportunities ETF | JPM | JPMorgan Chase & Co |  |  | 46625H100 | 1015 | Banks |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | NY | NEW YORK | USD | US DOLLAR | 1/0/1900 |  |  | 300.30 |  |  |  |  |  | JPMorgan Chase & Co |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 140085.45 |  | L<br> N |  |  | 2/27/2026<br> C |  | 863;USD | USD | 34589.00 | 8887465.01 | 8887465.01 | 10387076.70 | 10387076.70 | 1499611.69 | 1499611.69 | 1.35 | False | 0.00 | N/A | 3.11 | 2.73 | 3.04 | 0.00 |  |  | JPM<br> N | MP |
| 863 | Adaptive Alpha Opportunities ETF | ALB | Albemarle Corp |  |  | 012653101 | 1021 | Specialty Chemicals |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | NC | NORTH CAROLINA | USD | US DOLLAR | 1/0/1900 |  |  | 178.67 |  |  |  |  |  | Albemarle Corp |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 29824.00 |  | L<br> N |  |  | 2/27/2026<br> C |  | 863;USD | USD | 18640.00 | 3171792.59 | 3171792.59 | 3330408.80 | 3330408.80 | 158616.21 | 158616.21 | 0.90 | False | 0.00 | N/A | 1.00 | 0.88 | 0.97 | 0.00 |  |  | ALB<br> N | MP |
| 863 | Adaptive Alpha Opportunities ETF | AAPL | Apple Inc |  |  | 037833100 | 1027 | IT Services |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | CA | CALIFORNIA | USD | US DOLLAR | 1/0/1900 |  |  | 264.18 |  |  |  |  |  | Apple Inc |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 11917.75 |  | L<br> N |  |  | 2/27/2026<br> C |  | 863;USD | USD | 12545.00 | 3071889.22 | 3071889.22 | 3314138.10 | 3314138.10 | 242248.88 | 242248.88 | 0.36 | False | 0.00 | N/A | 0.99 | 0.87 | 0.97 | 0.00 |  |  | AAPL<br> N | MP |
| 863 | Adaptive Alpha Opportunities ETF | RGTI | Rigetti Computing In | c |  | 76655K103 | 1027 | IT Services |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | DC | DISTRICT OF COLUMBIA | USD | US DOLLAR | 1/0/1900 |  |  | 17.42 |  |  |  |  |  | Rigetti Computing In | c |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 |  | L<br> N |  |  | 2/27/2026<br> C |  | 863;USD | USD | 25296.00 | 248350.78 | 248350.78 | 440656.32 | 440656.32 | 192305.54 | 192305.54 | 0.00 | False | 0.00 | N/A | 0.13 | 0.12 | 0.13 | 0.00 |  |  | RGTI<br> N | MP |
| 863 | Adaptive Alpha Opportunities ETF | CBOE | Cboe Global Markets | Inc |  | 12503M108 | 1033 | Diversified Finan Se | rv | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | IL | ILLINOIS | USD | US DOLLAR | 1/0/1900 |  |  | 299.72 |  |  |  |  |  | Cboe Global Markets | Inc |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 20336.40 |  | L<br> N |  |  | 2/27/2026<br> C |  | 863;USD | USD | 9684.00 | 1595120.69 | 1595120.69 | 2902488.48 | 2902488.48 | 1307367.79 | 1307367.79 | 0.70 | False | 0.00 | N/A | 0.87 | 0.76 | 0.85 | 0.00 |  |  | CBOE<br> N | MP |
| 863 | Adaptive Alpha Opportunities ETF | CEG | CONSTELLATION | ENERGY |  | 21037T109 | 1034 | Electric |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | IL | ILLINOIS | USD | US DOLLAR | 1/0/1900 |  |  | 329.88 |  |  |  |  |  | CONSTELLATION | ENERGY |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 2195.09 |  | L<br> N |  |  | 2/27/2026<br> C |  | 863;USD | USD | 1946.00 | 380196.32 | 380196.32 | 641946.48 | 641946.48 | 261750.16 | 261750.16 | 0.34 | False | 0.00 | N/A | 0.19 | 0.17 | 0.19 | 0.00 |  |  | CEG<br> N | MP |
| 863 | Adaptive Alpha Opportunities ETF | NRG | NRG Energy Inc |  |  | 629377508 | 1034 | Electric |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | NJ | NEW JERSEY | USD | US DOLLAR | 1/0/1900 |  |  | 178.96 |  |  |  |  |  | NRG Energy Inc |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 2560.96 |  | L<br> N |  |  | 2/27/2026<br> C |  | 863;USD | USD | 1696.00 | 176655.55 | 176655.55 | 303516.16 | 303516.16 | 126860.61 | 126860.61 | 0.84 | False | 0.00 | N/A | 0.09 | 0.08 | 0.09 | 0.00 |  |  | NRG<br> N | MP |
| 863 | Adaptive Alpha Opportunities ETF | VST | Vistra Energy Corp |  |  | 92840M102 | 1034 | Electric |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | TX | TEXAS | USD | US DOLLAR | 1/0/1900 |  |  | 173.89 |  |  |  |  |  | Vistra Energy Corp |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 67636.44 |  | L<br> N |  |  | 2/27/2026<br> C |  | 863;USD | USD | 82383.00 | 13679894.45 | 13679894.45 | 14325579.87 | 14325579.87 | 645685.42 | 645685.42 | 0.47 | False | 0.00 | N/A | 4.29 | 3.77 | 4.19 | 0.00 |  |  | VST<br> N | MP |
| 863 | Adaptive Alpha Opportunities ETF | BMI | Badger Meter Inc |  |  | 056525108 | 1036 | Electronics |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | WI | WISCONSIN | USD | US DOLLAR | 1/0/1900 |  |  | 152.43 |  |  |  |  |  | Badger Meter Inc |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 6417.18 |  | L<br> N |  |  | 2/27/2026<br> C |  | 863;USD | USD | 6482.00 | 988361.62 | 988361.62 | 988051.26 | 988051.26 | -310.36 | -310.36 | 0.65 | False | 0.00 | N/A | 0.30 | 0.26 | 0.29 | 0.00 |  |  | BMI<br> N | MP |
| 863 | Adaptive Alpha Opportunities ETF | IESC | IES Holdings Inc |  |  | 44951W106 | 1038 | Engineering&Construc | tion | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | TX | TEXAS | USD | US DOLLAR | 1/0/1900 |  |  | 495.35 |  |  |  |  |  | IES Holdings Inc |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 |  | L<br> N |  |  | 2/27/2026<br> C |  | 863;USD | USD | 5680.00 | 1001182.14 | 1001182.14 | 2813588.00 | 2813588.00 | 1812405.86 | 1812405.86 | 0.00 | False | 0.00 | N/A | 0.84 | 0.74 | 0.82 | 0.00 |  |  | IESC<br> N | MP |
| 863 | Adaptive Alpha Opportunities ETF | BSX | Boston Scientific Co | rp |  | 101137107 | 1054 | Healthcare-Products |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | MA | MASSACHUSETTS | USD | US DOLLAR | 1/0/1900 |  |  | 76.85 |  |  |  |  |  | Boston Scientific Co | rp |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 |  | L<br> N |  |  | 2/27/2026<br> C |  | 863;USD | USD | 4363.00 | 445034.73 | 445034.73 | 335296.55 | 335296.55 | -109738.18 | -109738.18 | 0.00 | False | 0.00 | N/A | 0.10 | 0.09 | 0.10 | 0.00 |  |  | BSX<br> N | MP |
| 863 | Adaptive Alpha Opportunities ETF | PGR | Progressive Corp/The |  |  | 743315103 | 1062 | Insurance |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | OH | OHIO | USD | US DOLLAR | 1/0/1900 |  |  | 213.66 |  |  |  |  |  | Progressive Corp/The |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 1.60 |  | L<br> N |  |  | 2/27/2026<br> C |  | 863;USD | USD | 4.00 | 820.84 | 820.84 | 854.64 | 854.64 | 33.80 | 33.80 | 0.19 | False | 0.00 | N/A | 0.00 | 0.00 | 0.00 | 0.00 |  |  | PGR<br> N | MP |
| 863 | Adaptive Alpha Opportunities ETF | BABA | Alibaba Group Holdin | g Ltd |  | 01609W102 | 1063 | Internet |  | COMMSTCK | COMMON STOCK |  |  |  | CHI | CHINA |  |  | USD | US DOLLAR | 1/0/1900 |  |  | 144.11 |  |  |  |  |  | Alibaba Group Holdin | g Ltd |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 800.00 |  | L<br> N |  |  | 2/27/2026<br> C |  | 863;USD | USD | 800.00 | 128075.33 | 128075.33 | 115288.00 | 115288.00 | -12787.33 | -12787.33 | 0.69 | False | 0.00 | N/A | 0.03 | 0.03 | 0.03 | 0.00 |  |  | BABA<br> N | MP |
| 863 | Adaptive Alpha Opportunities ETF | AMZN | Amazon.com Inc |  |  | 023135106 | 1063 | Internet |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | WA | WASHINGTON | USD | US DOLLAR | 1/0/1900 |  |  | 210.00 |  |  |  |  |  | Amazon.com Inc |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 |  | L<br> N |  |  | 2/27/2026<br> C |  | 863;USD | USD | 3585.00 | 656943.37 | 656943.37 | 752850.00 | 752850.00 | 95906.63 | 95906.63 | 0.00 | False | 0.00 | N/A | 0.23 | 0.20 | 0.22 | 0.00 |  |  | AMZN | MP |
| 863 | Adaptive Alpha Opportunities ETF | META | META PLATFORMS INC. |  |  | 30303M102 | 1063 | Internet |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | CA | CALIFORNIA | USD | US DOLLAR | 1/0/1900 |  |  | 648.18 |  |  |  |  |  | META PLATFORMS INC. |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 |  | L<br> N |  |  | 2/27/2026<br> C |  | 863;USD | USD | 1372.00 | 1029013.72 | 1029013.72 | 889302.96 | 889302.96 | -139710.76 | -139710.76 | 0.00 | False | 0.00 | N/A | 0.27 | 0.23 | 0.26 | 0.00 |  |  | META<br> N | MP |
| 863 | Adaptive Alpha Opportunities ETF | RDDT | Reddit Inc |  |  | 75734B100 | 1063 | Internet |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | CA | CALIFORNIA | USD | US DOLLAR | 1/0/1900 |  |  | 145.81 |  |  |  |  |  | Reddit Inc |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 |  | L<br> N |  |  | 2/27/2026<br> C |  | 863;USD | USD | 287.00 | 56834.61 | 56834.61 | 41847.47 | 41847.47 | -14987.14 | -14987.14 | 0.00 | False | 0.00 | N/A | 0.01 | 0.01 | 0.01 | 0.00 |  |  | RDDT<br> N | MP |
| 863 | Adaptive Alpha Opportunities ETF | CRS | Carpenter Technology | Corporation |  | 144285103 | 1065 | Iron/Steel |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | PA | PENNSYLVANIA | USD | US DOLLAR | 1/0/1900 |  |  | 398.07 |  |  |  |  |  | Carpenter Technology | Corporation |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 326.40 |  | L<br> N |  |  | 2/27/2026<br> C |  | 863;USD | USD | 408.00 | 49928.43 | 49928.43 | 162412.56 | 162412.56 | 112484.13 | 112484.13 | 0.20 | False | 0.00 | N/A | 0.05 | 0.04 | 0.05 | 0.00 |  |  | CRS<br> N | MP |
| 863 | Adaptive Alpha Opportunities ETF | FCX | Freeport-McMoRan Inc |  |  | 35671D857 | 1075 | Mining |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | AZ | ARIZONA | USD | US DOLLAR | 1/0/1900 |  |  | 68.08 |  |  |  |  |  | Freeport-McMoRan Inc |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 14424.00 |  | L<br> N |  |  | 2/27/2026<br> C |  | 863;USD | USD | 24040.00 | 1306117.40 | 1306117.40 | 1636643.20 | 1636643.20 | 330525.80 | 330525.80 | 0.88 | False | 0.00 | N/A | 0.49 | 0.43 | 0.48 | 0.00 |  |  | FCX<br> N | MP |
| 863 | Adaptive Alpha Opportunities ETF | NEM | Newmont Corp. |  |  | 651639106 | 1075 | Mining |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | CO | COLORADO | USD | US DOLLAR | 1/0/1900 |  |  | 130.00 |  |  |  |  |  | Newmont Corp. |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 97611.20 |  | L<br> N |  |  | 2/27/2026<br> C |  | 863;USD | USD | 61007.00 | 5180586.93 | 5180586.93 | 7930910.00 | 7930910.00 | 2750323.07 | 2750323.07 | 1.23 | False | 0.00 | N/A | 2.38 | 2.09 | 2.32 | 0.00 |  |  | NEM<br> N | MP |
| 863 | Adaptive Alpha Opportunities ETF | GE | General Electric Co |  |  | 369604301 | 1076 | Miscellaneous Manufa |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | MA | MASSACHUSETTS | USD | US DOLLAR | 1/0/1900 |  |  | 342.26 |  |  |  |  |  | General Electric Co |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 2783.68 |  | L<br> N |  |  | 2/27/2026<br> C |  | 863;USD | USD | 8699.00 | 2392259.79 | 2392259.79 | 2977319.74 | 2977319.74 | 585059.95 | 585059.95 | 0.09 | False | 0.00 | N/A | 0.89 | 0.78 | 0.87 | 0.00 |  |  | GE<br> N | MP |
| 863 | Adaptive Alpha Opportunities ETF | AROC | Archrock Inc |  |  | 03957W106 | 1084 | Oil&Gas Services |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | TX | TEXAS | USD | US DOLLAR | 1/0/1900 |  |  | 35.33 |  |  |  |  |  | Archrock Inc |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 19990.92 |  | L<br> N |  |  | 2/27/2026<br> C |  | 863;USD | USD | 32772.00 | 749537.90 | 749537.90 | 1157834.76 | 1157834.76 | 408296.86 | 408296.86 | 1.73 | False | 0.00 | N/A | 0.35 | 0.30 | 0.34 | 0.00 |  |  | AROC<br> N | MP |
| 863 | Adaptive Alpha Opportunities ETF | LLY | Eli Lilly & Co |  |  | 532457108 | 1088 | Private Equity |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | IN | INDIANA | USD | US DOLLAR | 1/0/1900 |  |  | 1051.99 |  |  |  |  |  | Eli Lilly & Co |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 4366.32 |  | L<br> N |  |  | 2/27/2026<br> C |  | 863;USD | USD | 966.00 | 802286.67 | 802286.67 | 1016222.34 | 1016222.34 | 213935.67 | 213935.67 | 0.43 | False | 0.00 | N/A | 0.30 | 0.27 | 0.30 | 0.00 |  |  | LLY<br> N | MP |
| 863 | Adaptive Alpha Opportunities ETF | NVO | Novo Nordisk A/S |  |  | 670100205 | 1088 | Private Equity |  | COMMSTCK | COMMON STOCK |  |  |  | DKK | DENMARK |  |  | USD | US DOLLAR | 1/0/1900 |  |  | 37.45 |  |  |  |  |  | Novo Nordisk A/S |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 9746.47 |  | L<br> N |  |  | 2/27/2026<br> C |  | 863;USD | USD | 9481.00 | 450715.78 | 450715.78 | 355063.45 | 355063.45 | -95652.33 | -95652.33 | 2.74 | False | 0.00 | N/A | 0.11 | 0.09 | 0.10 | 0.00 |  | 529900UTAHSVRYZL0380 | NVO<br> N | MP |
| 863 | Adaptive Alpha Opportunities ETF | DG | Dollar General Corp |  |  | 256677105 | 1095 | Retail |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | TN | TENNESSEE | USD | US DOLLAR | 1/0/1900 |  |  | 156.24 |  |  |  |  |  | Dollar General Corp |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 2577.52 |  | L<br> N |  |  | 2/27/2026<br> C |  | 863;USD | USD | 1111.00 | 92579.70 | 92579.70 | 173582.64 | 173582.64 | 81002.94 | 81002.94 | 1.48 | False | 0.00 | N/A | 0.05 | 0.05 | 0.05 | 0.00 |  |  | DG<br> N | MP |
| 863 | Adaptive Alpha Opportunities ETF | AVGO | Broadcom Inc |  |  | 11135F101 | 1097 | Semiconductor Device |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | CA | CALIFORNIA | USD | US DOLLAR | 1/0/1900 |  |  | 319.55 |  |  |  |  |  | Broadcom Inc |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 7029.45 |  | L<br> N |  |  | 2/27/2026<br> C |  | 863;USD | USD | 369.00 | 92250.74 | 92250.74 | 117913.95 | 117913.95 | 25663.21 | 25663.21 | 5.96 | False | 0.00 | N/A | 0.04 | 0.03 | 0.03 | 0.00 |  |  | AVGO<br> N | MP |
| 863 | Adaptive Alpha Opportunities ETF | KLAC | KLA-Tencor Corp |  |  | 482480100 | 1097 | Semiconductor Device |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | CA | CALIFORNIA | USD | US DOLLAR | 1/0/1900 |  |  | 1524.55 |  |  |  |  |  | KLA-Tencor Corp |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 53200.40 |  | L<br> N |  |  | 2/27/2026<br> C |  | 863;USD | USD | 9944.00 | 14418899.44 | 14418899.44 | 15160125.20 | 15160125.20 | 741225.76 | 741225.76 | 0.35 | False | 0.00 | N/A | 4.54 | 3.99 | 4.44 | 0.00 |  |  | KLAC<br> N | MP |
| 863 | Adaptive Alpha Opportunities ETF | NVDA | NVIDIA Corp |  |  | 67066G104 | 1097 | Semiconductor Device |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | CA | CALIFORNIA | USD | US DOLLAR | 1/0/1900 |  |  | 177.19 |  |  |  |  |  | NVIDIA Corp |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 10236.64 |  | L<br> N |  |  | 2/27/2026<br> C |  | 863;USD | USD | 63979.00 | 11014207.75 | 11014207.75 | 11336439.01 | 11336439.01 | 322231.26 | 322231.26 | 0.09 | False | 0.00 | N/A | 3.40 | 2.98 | 3.32 | 0.00 |  |  | NVDA<br> N | MP |
| 863 | Adaptive Alpha Opportunities ETF | IONQ | IonQ Inc |  |  | 46222L108 | 1099 | Application Software |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | MD | MARYLAND | USD | US DOLLAR | 1/0/1900 |  |  | 38.37 |  |  |  |  |  | IonQ Inc |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 |  | L<br> N |  |  | 2/27/2026<br> C |  | 863;USD | USD | 17426.00 | 1080429.42 | 1080429.42 | 668635.62 | 668635.62 | -411793.80 | -411793.80 | 0.00 | False | 0.00 | N/A | 0.20 | 0.18 | 0.20 | 0.00 |  |  | IONQ<br> N | MP |
| 863 | Adaptive Alpha Opportunities ETF | PLTR | Palantir Technologie | s Inc |  | 69608A108 | 1099 | Application Software |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | CO | COLORADO | USD | US DOLLAR | 1/0/1900 |  |  | 137.19 |  |  |  |  |  | Palantir Technologie | s Inc |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 |  | L<br> N |  |  | 2/27/2026<br> C |  | 863;USD | USD | 23910.00 | 4139349.35 | 4139349.35 | 3280212.90 | 3280212.90 | -859136.45 | -859136.45 | 0.00 | False | 0.00 | N/A | 0.98 | 0.86 | 0.96 | 0.00 |  | 549300UVN46B3BBDHO85 | PLTR<br> N | MP |
| 863 | Adaptive Alpha Opportunities ETF | ZETA | Zeta Global Holdings | Corp |  | 98956A105 | 1099 | Application Software |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | NY | NEW YORK | USD | US DOLLAR | 1/0/1900 |  |  | 16.95 |  |  |  |  |  | Zeta Global Holdings | Corp |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 |  | L<br> N |  |  | 2/27/2026<br> C |  | 863;USD | USD | 552.00 | 7723.89 | 7723.89 | 9356.40 | 9356.40 | 1632.51 | 1632.51 | 0.00 | False | 0.00 | N/A | 0.00 | 0.00 | 0.00 | 0.00 |  | 2549008P9XSJQHGQ9S27 | ZETA<br> N | MP |
| 863 | Adaptive Alpha Opportunities ETF | T | AT&T Inc |  |  | 00206R102 | 1104 | Telecommunications |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | TX | TEXAS | USD | US DOLLAR | 1/0/1900 |  |  | 28.01 |  |  |  |  |  | AT&T Inc |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 138394.80 |  | L<br> N |  |  | 2/27/2026<br> C |  | 863;USD | USD | 124680.00 | 2247798.73 | 2247798.73 | 3492286.80 | 3492286.80 | 1244488.07 | 1244488.07 | 3.96 | False | 0.00 | N/A | 1.05 | 0.92 | 1.02 | 0.00 |  |  | T<br> N | MP |
| 863 | Adaptive Alpha Opportunities ETF | COMM | Vistance Networks In | Inc |  | 20337X109 | 1104 | Telecommunications |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | NC | NORTH CAROLINA | USD | US DOLLAR | 1/0/1900 |  |  | 17.57 |  |  |  |  |  | CommScope Holding Co | Inc |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 |  | L<br> N |  |  | 2/27/2026<br> C |  | 863;USD | USD | 1267.00 | 7874.59 | 7874.59 | 22261.19 | 22261.19 | 14386.60 | 14386.60 | 0.00 | False | 0.00 | N/A | 0.01 | 0.01 | 0.01 | 0.00 |  |  | COMM<br> N | MP |
| 863 | Adaptive Alpha Opportunities ETF | WDC | Western Digital Corp |  |  | 958102105 | D10D | Computers |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | CA | CALIFORNIA | USD | US DOLLAR | 1/0/1900 |  |  | 279.70 |  |  |  |  |  | Western Digital Corp |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 |  | L<br> N |  |  | 2/27/2026<br> C |  | 863;USD | USD | 9782.00 | 2421900.96 | 2421900.96 | 2736025.40 | 2736025.40 | 314124.44 | 314124.44 | 0.00 | False | 0.00 | N/A | 0.82 | 0.72 | 0.80 | 0.00 |  |  | WDC<br> N | MP |
| 863 | Adaptive Alpha Opportunities ETF | LRCX | Lam Research Corp |  |  | 512807306 | D40D | Semiconductors |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | CA | CALIFORNIA | USD | US DOLLAR | 1/0/1900 |  |  | 233.89 |  |  |  |  |  | Lam Research Corp |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 369892.50 |  | L<br> N |  |  | 2/27/2026<br> C |  | 863;USD | USD | 49650.00 | 7508911.62 | 7508911.62 | 11612638.50 | 11612638.50 | 4103726.88 | 4103726.88 | 3.19 | False | 0.00 | N/A | 3.48 | 3.05 | 3.40 | 0.00 |  |  | LRCX<br> N | MP |
| 863 | Adaptive Alpha Opportunities ETF | NET | CLOUDFLARE INC | CLASS A |  | 18915M107 | D50D | Software |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | CA | CALIFORNIA | USD | US DOLLAR | 1/0/1900 |  |  | 172.19 |  |  |  |  |  | CLOUDFLARE INC | CLASS A |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 |  | L<br> N |  |  | 2/27/2026<br> C |  | 863;USD | USD | 984.00 | 221098.65 | 221098.65 | 169434.96 | 169434.96 | -51663.69 | -51663.69 | 0.00 | False | 0.00 | N/A | 0.05 | 0.04 | 0.05 | 0.00 |  |  | NET<br> N | MP |
| 863 | Adaptive Alpha Opportunities ETF | MSFT | Microsoft Corp |  |  | 594918104 | D50D | Software |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | WA | WASHINGTON | USD | US DOLLAR | 1/0/1900 |  |  | 392.74 |  |  |  |  |  | Microsoft Corp |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 13280.40 |  | L<br> N |  |  | 2/27/2026<br> C |  | 863;USD | USD | 4760.00 | 2119765.27 | 2119765.27 | 1869442.40 | 1869442.40 | -250322.87 | -250322.87 | 0.71 | False | 0.00 | N/A | 0.56 | 0.49 | 0.55 | 0.00 |  |  | MSFT<br> N | MP |
| 863 | Adaptive Alpha Opportunities ETF | ARGT | Global X MSCI Argent | ina ETF |  | 37950E259 |  | UNGROUPED SECURITIES |  | ETF | EXCHANGE TRADED FUND | EXCHANGE TRADED FUND |  |  | USA | UNITED STATES | NY | NEW YORK | USD | US DOLLAR | 1/0/1900 |  |  | 89.76 |  |  |  |  |  | Global X MSCI Argent | ina ETF |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 19109.30 |  | L<br> N |  |  | 2/27/2026<br> C |  | 863;USD | USD | 23361.00 | 1255911.48 | 1255911.48 | 2096883.36 | 2096883.36 | 840971.88 | 840971.88 | 0.91 | False | 0.00 | N/A | 0.63 | 0.55 | 0.61 | 0.00 |  | 5493002TMUWISFBTZV19 | ARGT<br> N | MP |
| 863 | Adaptive Alpha Opportunities ETF | IBIT | iShares Bitcoin Trus | t |  | 46438F101 |  | UNGROUPED SECURITIES |  | ETF | EXCHANGE TRADED FUND | EXCHANGE TRADED FUND |  |  | USA | UNITED STATES |  |  | USD | US DOLLAR | 1/0/1900 |  |  | 37.19 |  |  |  |  |  | iShares Bitcoin Trus | t |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 |  | S<br> N |  |  | 2/27/2026<br> C |  | 863;USD | USD | -8000.00 | -323992.00 | -323992.00 | -297520.00 | -297520.00 | 26472.00 | 26472.00 | 0.00 | False | 0.00 | N/A | -0.09 | -0.08 | -0.09 | 0.00 |  | 724500D4BFEWKWVC1G62 | IBIT<br> N | MP |
| 863 | Adaptive Alpha Opportunities ETF | ECH | iShares MSCI Chile E | TF |  | 464286640 |  | UNGROUPED SECURITIES |  | ETF | EXCHANGE TRADED FUND | EXCHANGE TRADED FUND |  |  | USA | UNITED STATES | CA | CALIFORNIA | USD | US DOLLAR | 1/0/1900 |  |  | 43.50 |  |  |  |  |  | iShares MSCI Chile E | TF |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 |  | L<br> N |  |  | 2/27/2026<br> C |  | 863;USD | USD | 47160.00 | 1912103.20 | 1912103.20 | 2051460.00 | 2051460.00 | 139356.80 | 139356.80 | 0.00 | False | 0.00 | N/A | 0.61 | 0.54 | 0.60 | 0.00 |  | 5493008SR8ZGY2IJU464 | ECH<br> N | MP |
| 863 | Adaptive Alpha Opportunities ETF | EFNL | iShares MSCI Finland | ETF |  | 46429B515 |  | UNGROUPED SECURITIES |  | ETF | EXCHANGE TRADED FUND | EXCHANGE TRADED FUND |  |  | USA | UNITED STATES |  |  | USD | US DOLLAR | 1/0/1900 |  |  | 51.13 |  |  |  |  |  | iShares MSCI Finland | ETF |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 |  | L<br> N |  |  | 2/27/2026<br> C |  | 863;USD | USD | 47160.00 | 2259542.48 | 2259542.48 | 2411290.80 | 2411290.80 | 151748.32 | 151748.32 | 0.00 | False | 0.00 | N/A | 0.72 | 0.63 | 0.71 | 0.00 |  |  | EFNL<br> N | MP |
| 863 | Adaptive Alpha Opportunities ETF | EPU | iShares MSCI Peru an | d Global Exposure ET |  | 464289842 |  | UNGROUPED SECURITIES |  | ETF | EXCHANGE TRADED FUND | EXCHANGE TRADED FUND |  |  | USA | UNITED STATES |  |  | USD | US DOLLAR | 1/0/1900 |  |  | 93.84 |  |  |  |  |  | iShares MSCI Peru an | d Global Exposure ET |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 |  | L<br> N |  |  | 2/27/2026<br> C |  | 863;USD | USD | 47280.00 | 4276817.07 | 4276817.07 | 4436755.20 | 4436755.20 | 159938.13 | 159938.13 | 0.00 | False | 0.00 | N/A | 1.33 | 1.17 | 1.30 | 0.00 |  |  | EPU<br> N | MP |
| 863 | Adaptive Alpha Opportunities ETF | EPOL | iShares MSCI Poland | ETF |  | 46429B606 |  | UNGROUPED SECURITIES |  | ETF | EXCHANGE TRADED FUND | EXCHANGE TRADED FUND |  |  | USA | UNITED STATES |  |  | USD | US DOLLAR | 1/0/1900 |  |  | 38.13 |  |  |  |  |  | iShares MSCI Poland | ETF |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 13765.55 |  | L<br> N |  |  | 2/27/2026<br> C |  | 863;USD | USD | 51364.00 | 1542157.54 | 1542157.54 | 1958509.32 | 1958509.32 | 416351.78 | 416351.78 | 0.70 | False | 0.00 | N/A | 0.59 | 0.52 | 0.57 | 0.00 |  | 549300AWENQCY4VS9S36 | EPOL<br> N | MP |
| 863 | Adaptive Alpha Opportunities ETF | IAK | iShares U.S. Insuran | ce ETF |  | 464288786 |  | UNGROUPED SECURITIES |  | ETF | EXCHANGE TRADED FUND | EXCHANGE TRADED FUND |  |  | USA | UNITED STATES |  |  | USD | US DOLLAR | 1/0/1900 |  |  | 136.57 |  |  |  |  |  | iShares U.S. Insuran | ce ETF |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 |  | L<br> N |  |  | 2/27/2026<br> C |  | 863;USD | USD | 47160.00 | 6441975.83 | 6441975.83 | 6440641.20 | 6440641.20 | -1334.63 | -1334.63 | 0.00 | False | 0.00 | N/A | 1.93 | 1.69 | 1.88 | 0.00 |  |  | IAK<br> N | MP |
| 863 | Adaptive Alpha Opportunities ETF | XNTK | SPDR NYSE Technology | ETF |  | 78464A102 |  | UNGROUPED SECURITIES |  | ETF | EXCHANGE TRADED FUND | EXCHANGE TRADED FUND |  |  | USA | UNITED STATES | MA | MASSACHUSETTS | USD | US DOLLAR | 1/0/1900 |  |  | 268.48 |  |  |  |  |  | SPDR NYSE Technology | ETF |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 |  | L<br> N |  |  | 2/27/2026<br> C |  | 863;USD | USD | 19408.00 | 5419639.67 | 5419639.67 | 5210659.84 | 5210659.84 | -208979.83 | -208979.83 | 0.00 | False | 0.00 | N/A | 1.56 | 1.37 | 1.52 | 0.00 |  | 549300PS44ZVKSLTMI64 | XNTK<br> N | MP |
| 863 | Adaptive Alpha Opportunities ETF | SLV | iShares Silver Trust |  |  | 46428Q109 | 1026 | Commodity Fund |  | ETF | EXCHANGE TRADED FUND | EXCHANGE TRADED FUND |  |  | USA | UNITED STATES | CA | CALIFORNIA | USD | US DOLLAR | 1/0/1900 |  |  | 84.99 |  |  |  |  |  | iShares Silver Trust |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 |  | L<br> N |  |  | 2/27/2026<br> C |  | 863;USD | USD | 47860.00 | 3237364.92 | 3237364.92 | 4067621.40 | 4067621.40 | 830256.48 | 830256.48 | 0.00 | False | 0.00 | N/A | 1.22 | 1.07 | 1.19 | 0.00 |  |  | SLV<br> N | MP |
| 863 | Adaptive Alpha Opportunities ETF | GLD | SPDR Gold Shares |  |  | 78463V107 | 1026 | Commodity Fund |  | ETF | EXCHANGE TRADED FUND | EXCHANGE TRADED FUND |  |  | USA | UNITED STATES | MA | MASSACHUSETTS | USD | US DOLLAR | 1/0/1900 |  |  | 483.75 |  |  |  |  |  | SPDR Gold Shares |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 |  | L<br> N |  |  | 2/27/2026<br> C |  | 863;USD | USD | 13907.00 | 6287561.62 | 6287561.62 | 6727511.25 | 6727511.25 | 439949.63 | 439949.63 | 0.00 | False | 0.00 | N/A | 2.02 | 1.77 | 1.97 | 0.00 |  |  | GLD<br> N | MP |
| 863 | Adaptive Alpha Opportunities ETF | EWO | ISHARES MSCI AUSTRIA |  |  | 464286202 | 1040 | Exchange Traded Fund |  | ETF | EXCHANGE TRADED FUND | EXCHANGE TRADED FUND |  |  | USA | UNITED STATES | CA | CALIFORNIA | USD | US DOLLAR | 1/0/1900 |  |  | 37.89 |  |  |  |  |  | ISHARES MSCI AUSTRIA |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 123625.00 |  | L<br> N |  |  | 2/27/2026<br> C |  | 863;USD | USD | 125000.00 | 4063750.00 | 4063750.00 | 4736250.00 | 4736250.00 | 672500.00 | 672500.00 | 2.61 | False | 0.00 | N/A | 1.42 | 1.25 | 1.39 | 0.00 |  |  | EWO<br> N | MP |
| 863 | Adaptive Alpha Opportunities ETF | EWY | ISHARES MSCI S KOREA | ETF |  | 464286772 | 1040 | Exchange Traded Fund |  | ETF | EXCHANGE TRADED FUND | EXCHANGE TRADED FUND |  |  | USA | UNITED STATES | CA | CALIFORNIA | USD | US DOLLAR | 1/0/1900 |  |  | 151.37 |  |  |  |  |  | ISHARES MSCI S KOREA | ETF |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 79360.33 |  | L<br> N |  |  | 2/27/2026<br> C |  | 863;USD | USD | 47280.00 | 5561869.39 | 5561869.39 | 7156773.60 | 7156773.60 | 1594904.21 | 1594904.21 | 1.11 | False | 0.00 | N/A | 2.15 | 1.88 | 2.09 | 0.00 |  |  | EWY<br> N | MP |
| 863 | Adaptive Alpha Opportunities ETF | XAR | State Street SPDR | Aerospace & Defense |  | 78464A631 | 1040 | Exchange Traded Fund |  | ETF | EXCHANGE TRADED FUND | EXCHANGE TRADED FUND |  |  | USA | UNITED STATES | MA | MASSACHUSETTS | USD | US DOLLAR | 1/0/1900 |  |  | 282.94 |  |  |  |  |  | SPDR S&P AEROSPACE |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 10187.35 |  | L<br> N |  |  | 2/27/2026<br> C |  | 863;USD | USD | 13804.00 | 1728795.39 | 1728795.39 | 3905703.76 | 3905703.76 | 2176908.37 | 2176908.37 | 0.26 | False | 0.00 | N/A | 1.17 | 1.03 | 1.14 | 0.00 |  |  | XAR<br> N | MP |
| 863 | Adaptive Alpha Opportunities ETF | XLC | Communication Servic | es Select Sector SPD |  | 81369Y852 | 1041 | Equity Fund |  | ETF | EXCHANGE TRADED FUND | EXCHANGE TRADED FUND |  |  | USA | UNITED STATES | MA | MASSACHUSETTS | USD | US DOLLAR | 1/0/1900 |  |  | 118.05 |  |  |  |  |  | Communication Servic | es Select Sector SPD |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 58454.49 |  | L<br> N |  |  | 2/27/2026<br> C |  | 863;USD | USD | 98078.00 | 11384125.30 | 11384125.30 | 11578107.90 | 11578107.90 | 193982.60 | 193982.60 | 0.50 | False | 0.00 | N/A | 3.47 | 3.05 | 3.39 | 0.00 |  |  | XLC<br> N | MP |
| 863 | Adaptive Alpha Opportunities ETF | XLP | Consumer Staples Sel | ect Sector SPDR Fund |  | 81369Y308 | 1041 | Equity Fund |  | ETF | EXCHANGE TRADED FUND | EXCHANGE TRADED FUND |  |  | USA | UNITED STATES | MA | MASSACHUSETTS | USD | US DOLLAR | 1/0/1900 |  |  | 90.01 |  |  |  |  |  | Consumer Staples Sel | ect Sector SPDR Fund |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 |  | L<br> N |  |  | 2/27/2026<br> C |  | 863;USD | USD | 28086.00 | 2513972.84 | 2513972.84 | 2528020.86 | 2528020.86 | 14048.02 | 14048.02 | 0.00 | False | 0.00 | N/A | 0.76 | 0.66 | 0.74 | 0.00 |  |  | XLP<br> N | MP |
| 863 | Adaptive Alpha Opportunities ETF | XLF | Financial Select Sec | tor SPDR Fund |  | 81369Y605 | 1041 | Equity Fund |  | ETF | EXCHANGE TRADED FUND | EXCHANGE TRADED FUND |  |  | USA | UNITED STATES | MA | MASSACHUSETTS | USD | US DOLLAR | 1/0/1900 |  |  | 51.43 |  |  |  |  |  | Financial Select Sec | tor SPDR Fund |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 91276.48 |  | L<br> N |  |  | 2/27/2026<br> C |  | 863;USD | USD | 142397.00 | 6799315.46 | 6799315.46 | 7323477.71 | 7323477.71 | 524162.25 | 524162.25 | 1.25 | False | 0.00 | N/A | 2.20 | 1.93 | 2.14 | 0.00 |  |  | XLF<br> N | MP |
| 863 | Adaptive Alpha Opportunities ETF | COLO | Global X MSCI Colomb | ia ETF |  | 37954Y327 | 1041 | Equity Fund |  | ETF | EXCHANGE TRADED FUND | EXCHANGE TRADED FUND |  |  | USA | UNITED STATES | NY | NEW YORK | USD | US DOLLAR | 1/0/1900 |  |  | 38.92 |  |  |  |  |  | Global X MSCI Colomb | ia ETF |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 |  | L<br> N |  |  | 2/27/2026<br> C |  | 863;USD | USD | 16382.00 | 494345.10 | 494345.10 | 637587.44 | 637587.44 | 143242.34 | 143242.34 | 0.00 | False | 0.00 | N/A | 0.19 | 0.17 | 0.19 | 0.00 |  | 98840072S6T63E2V1291 | COLO<br> N | MP |
| 863 | Adaptive Alpha Opportunities ETF | XLV | Health Care Select S | ector SPDR Fund |  | 81369Y209 | 1041 | Equity Fund |  | ETF | EXCHANGE TRADED FUND | EXCHANGE TRADED FUND |  |  | USA | UNITED STATES | MA | MASSACHUSETTS | USD | US DOLLAR | 1/0/1900 |  |  | 160.20 |  |  |  |  |  | Health Care Select S | ector SPDR Fund |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 181550.74 |  | L<br> N |  |  | 2/27/2026<br> C |  | 863;USD | USD | 95490.00 | 14950271.12 | 14950271.12 | 15297498.00 | 15297498.00 | 347226.88 | 347226.88 | 1.19 | False | 0.00 | N/A | 4.59 | 4.02 | 4.48 | 0.00 |  |  | XLV<br> N | MP |
| 863 | Adaptive Alpha Opportunities ETF | PJP | Invesco Dynamic Phar | maceuticals ETF |  | 46137V662 | 1041 | Equity Fund |  | ETF | EXCHANGE TRADED FUND | EXCHANGE TRADED FUND |  |  | USA | UNITED STATES | IL | ILLINOIS | USD | US DOLLAR | 1/0/1900 |  |  | 108.37 |  |  |  |  |  | Invesco Dynamic Phar | maceuticals ETF |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 33423.24 |  | L<br> N |  |  | 2/27/2026<br> C |  | 863;USD | USD | 47160.00 | 4944806.84 | 4944806.84 | 5110729.20 | 5110729.20 | 165922.36 | 165922.36 | 0.65 | False | 0.00 | N/A | 1.53 | 1.34 | 1.50 | 0.00 |  |  | PJP<br> N | MP |
| 863 | Adaptive Alpha Opportunities ETF | QQQ | Invesco QQQ Trust Se | ries 1 |  | 46090E103 | 1041 | Equity Fund |  | ETF | EXCHANGE TRADED FUND | EXCHANGE TRADED FUND |  |  | USA | UNITED STATES | IL | ILLINOIS | USD | US DOLLAR | 1/0/1900 |  |  | 607.29 |  |  |  |  |  | Invesco QQQ Trust Se | ries 1 |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | -46416.41 |  | S<br> N |  |  | 2/27/2026<br> C |  | 863;USD | USD | -18303.00 | -11128187.39 | -11128187.39 | -11115228.87 | -11115228.87 | 12958.52 | 12958.52 | 0.42 | False | 0.00 | N/A | -3.33 | -2.92 | -3.25 | 0.00 |  |  | QQQ<br> N | MP |
| 863 | Adaptive Alpha Opportunities ETF | IWM | iShares Russell 2000 | ETF |  | 464287655 | 1041 | Equity Fund |  | ETF | EXCHANGE TRADED FUND | EXCHANGE TRADED FUND |  |  | USA | UNITED STATES | PA | PENNSYLVANIA | USD | US DOLLAR | 1/0/1900 |  |  | 261.41 |  |  |  |  |  | iShares Russell 2000 | ETF |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 139593.43 |  | L<br> N |  |  | 2/27/2026<br> C |  | 863;USD | USD | 51663.00 | 13183354.71 | 13183354.71 | 13505224.83 | 13505224.83 | 321870.12 | 321870.12 | 1.03 | False | 0.00 | N/A | 4.05 | 3.55 | 3.95 | 0.00 |  |  | IWM<br> N | MP |
| 863 | Adaptive Alpha Opportunities ETF | XLB | Materials Select Sec | tor SPDR Fund |  | 81369Y100 | 1041 | Equity Fund |  | ETF | EXCHANGE TRADED FUND | EXCHANGE TRADED FUND |  |  | USA | UNITED STATES | MA | MASSACHUSETTS | USD | US DOLLAR | 1/0/1900 |  |  | 53.41 |  |  |  |  |  | Materials Select Sec | tor SPDR Fund |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 |  | L<br> N |  |  | 2/27/2026<br> C |  | 863;USD | USD | 46217.00 | 2468449.97 | 2468449.97 | 2468449.97 | 2468449.97 | 0.00 | 0.00 | 0.00 | False | 0.00 | N/A | 0.74 | 0.65 | 0.72 | 0.00 |  |  | XLB<br> N | MP |
| 863 | Adaptive Alpha Opportunities ETF | KCE | State Street SPDR | S&P Capital Markets |  | 78464A771 | 1041 | Equity Fund |  | ETF | EXCHANGE TRADED FUND | EXCHANGE TRADED FUND |  |  | USA | UNITED STATES | MA | MASSACHUSETTS | USD | US DOLLAR | 1/0/1900 |  |  | 144.90 |  |  |  |  |  | SPDR S&P | CAPITAL MARKETS ETF |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 48891.10 |  | L<br> N |  |  | 2/27/2026<br> C |  | 863;USD | USD | 26328.00 | 2290662.20 | 2290662.20 | 3814927.20 | 3814927.20 | 1524265.00 | 1524265.00 | 1.28 | False | 0.00 | N/A | 1.14 | 1.00 | 1.12 | 0.00 |  |  | KCE<br> N | MP |
| 863 | Adaptive Alpha Opportunities ETF | SPY | State Street SPDR | S&P 500 ETF |  | 78462F103 | 1041 | Equity Fund |  | ETF | EXCHANGE TRADED FUND | EXCHANGE TRADED FUND |  |  | USA | UNITED STATES |  |  | USD | US DOLLAR | 1/0/1900 |  |  | 685.99 |  |  |  |  |  | SPDR S&P 500 ETF Tru | st |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 97652.48 |  | L<br> N |  |  | 2/27/2026<br> C |  | 863;USD | USD | 14720.00 | 9919335.24 | 9919335.24 | 10097772.80 | 10097772.80 | 178437.56 | 178437.56 | 0.97 | False | 0.00 | N/A | 3.03 | 2.66 | 2.95 | 0.00 |  |  | SPY<br> N | MP |
| 863 | Adaptive Alpha Opportunities ETF | XLK | Technology Select Se | ctor SPDR Fund |  | 81369Y803 | 1041 | Equity Fund |  | ETF | EXCHANGE TRADED FUND | EXCHANGE TRADED FUND |  |  | USA | UNITED STATES | MA | MASSACHUSETTS | USD | US DOLLAR | 1/0/1900 |  |  | 138.76 |  |  |  |  |  | Technology Select Se | ctor SPDR Fund |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 28240.40 |  | L<br> N |  |  | 2/27/2026<br> C |  | 863;USD | USD | 19356.00 | 2243709.98 | 2243709.98 | 2685838.56 | 2685838.56 | 442128.58 | 442128.58 | 1.05 | False | 0.00 | N/A | 0.81 | 0.71 | 0.79 | 0.00 |  |  | XLK<br> N | MP |
| 863 | Adaptive Alpha Opportunities ETF | SMH | VanEck Vectors Semic | onductor ETF |  | 92189F676 | 1041 | Equity Fund |  | ETF | EXCHANGE TRADED FUND | EXCHANGE TRADED FUND |  |  | USA | UNITED STATES |  |  | USD | US DOLLAR | 1/0/1900 |  |  | 406.37 |  |  |  |  |  | VanEck Vectors Semic | onductor ETF |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 90043.11 |  | L<br> N |  |  | 2/27/2026<br> C |  | 863;USD | USD | 57232.00 | 20666075.65 | 20666075.65 | 23257367.84 | 23257367.84 | 2591292.19 | 2591292.19 | 0.39 | False | 0.00 | N/A | 6.97 | 6.12 | 6.81 | 0.00 |  |  | SMH<br> N | MP |
| 863 | Adaptive Alpha Opportunities ETF | VFH | Vanguard Financials | ETF |  | 92204A405 | 1041 | Equity Fund |  | ETF | EXCHANGE TRADED FUND | EXCHANGE TRADED FUND |  |  | USA | UNITED STATES | PA | PENNSYLVANIA | USD | US DOLLAR | 1/0/1900 |  |  | 125.56 |  |  |  |  |  | Vanguard Financials | ETF |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 132412.80 |  | L<br> N |  |  | 2/27/2026<br> C |  | 863;USD | USD | 68965.00 | 7014888.17 | 7014888.17 | 8659245.40 | 8659245.40 | 1644357.23 | 1644357.23 | 1.53 | False | 0.00 | N/A | 2.60 | 2.28 | 2.53 | 0.00 |  |  | VFH<br> N | MP |
| 863 | Adaptive Alpha Opportunities ETF | VGK | Vanguard FTSE Europe | ETF |  | 922042874 | 1041 | Equity Fund |  | ETF | EXCHANGE TRADED FUND | EXCHANGE TRADED FUND |  |  | USA | UNITED STATES | PA | PENNSYLVANIA | USD | US DOLLAR | 1/0/1900 |  |  | 90.17 |  |  |  |  |  | Vanguard FTSE Europe | ETF |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 131530.99 |  | L<br> N |  |  | 2/27/2026<br> C |  | 863;USD | USD | 66767.00 | 5127264.10 | 5127264.10 | 6020380.39 | 6020380.39 | 893116.29 | 893116.29 | 2.18 | False | 0.00 | N/A | 1.80 | 1.58 | 1.76 | 0.00 |  | 5493002789CX3L0CJP65 | VGK<br> N | MP |
| 863 | Adaptive Alpha Opportunities ETF | DARXX | DREYFUS TR SEC | CSH MGMT |  | 261941306 | 1078 | Money Market Fund |  | MONEYMKT | MONEY MARKET |  |  |  | USA | UNITED STATES | NY | NEW YORK | USD | US DOLLAR | 2/28/2026 |  |  | 100.00 |  |  |  |  |  | DREYFUS TR SEC | CSH MGMT |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 250321.88 |  | L<br> N |  |  | 2/27/2026<br> C |  | 863;USD | USD | 7277847.00 | 7277847.00 | 7277847.00 | 7277847.00 | 7277847.00 | 0.00 | 0.00 | 3.44 | False | 3.43 |  | 2.18 | 1.91 | 2.13 | 0.00 |  |  | DARXX<br> N | AC |
| 863 | Adaptive Alpha Opportunities ETF | DA916749 | AVAV 260918C0028000 |  | AVAV 260918C00280000 | AVAV260918C280. |  | UNGROUPED SECURITIES |  | OPTION | OPTION |  |  |  | USA | UNITED STATES |  |  | USD | US DOLLAR | 9/19/2026 |  |  | 48.05 |  |  |  |  |  | AVAV 260918C0028000 |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 |  | L<br> N |  |  | 2/27/2026<br> C |  | 863;USD | USD | 250.00 | 1693719.94 | 1693719.94 | 1201250.00 | 1201250.00 | -492469.94 | -492469.94 | 0.00 | False | 0.00 | N/A | 0.36 | 0.32 | 0.35 | 0.00 |  |  | DA916749<br> N | MP |
| 863 | Adaptive Alpha Opportunities ETF | 0A91674F | AVAV 260918C0045000 |  | AVAV 260918C00450000 | AVAV260918C450. |  | UNGROUPED SECURITIES |  | OPTION | OPTION |  |  |  | USA | UNITED STATES |  |  | USD | US DOLLAR | 9/19/2026 |  |  | 16.30 |  |  |  |  |  | AVAV 260918C0045000 |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 |  | S<br> N |  |  | 2/27/2026<br> C |  | 863;USD | USD | -500.00 | -1266500.12 | -1266500.12 | -815000.00 | -815000.00 | 451500.12 | 451500.12 | 0.00 | False | 0.00 | N/A | -0.24 | -0.21 | -0.24 | 0.00 |  |  | 0A91674F<br> N | MP |
| 863 | Adaptive Alpha Opportunities ETF | D29C6748 | AVAV 270115C0028000 |  | AVAV 270115C00280000 | AVAV270115C280. |  | UNGROUPED SECURITIES |  | OPTION | OPTION |  |  |  | USA | UNITED STATES |  |  | USD | US DOLLAR | 1/16/2027 |  |  | 60.50 |  |  |  |  |  | AVAV 270115C0028000 |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 |  | L<br> N |  |  | 2/27/2026<br> C |  | 863;USD | USD | 100.00 | 808057.38 | 808057.38 | 605000.00 | 605000.00 | -203057.38 | -203057.38 | 0.00 | False | 0.00 | N/A | 0.18 | 0.16 | 0.18 | 0.00 |  |  | D29C6748<br> N | MP |
| 863 | Adaptive Alpha Opportunities ETF | 529C674F | AVAV 270115C0050000 |  | AVAV 270115C00500000 | AVAV270115C500. |  | UNGROUPED SECURITIES |  | OPTION | OPTION |  |  |  | USA | UNITED STATES |  |  | USD | US DOLLAR | 1/16/2027 |  |  | 21.30 |  |  |  |  |  | AVAV 270115C0050000 |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 |  | S<br> N |  |  | 2/27/2026<br> C |  | 863;USD | USD | -200.00 | -627353.25 | -627353.25 | -426000.00 | -426000.00 | 201353.25 | 201353.25 | 0.00 | False | 0.00 | N/A | -0.13 | -0.11 | -0.12 | 0.00 |  |  | 529C674F<br> N | MP |
| 863 | Adaptive Alpha Opportunities ETF | ZF270B07 | COPX 260320C0008500 |  | COPX 260320C00085000 | COPX260320C85.0 |  | UNGROUPED SECURITIES |  | OPTION | OPTION |  |  |  | USA | UNITED STATES |  |  | USD | US DOLLAR | 3/21/2026 |  |  | 11.90 |  |  |  |  |  | COPX 260320C0008500 |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 |  | L<br> N |  |  | 2/27/2026<br> C |  | 863;USD | USD | 500.00 | 411511.88 | 411511.88 | 595000.00 | 595000.00 | 183488.12 | 183488.12 | 0.00 | False | 0.00 | N/A | 0.18 | 0.16 | 0.17 | 0.00 |  |  | ZF270B07<br> N | MP |
| 863 | Adaptive Alpha Opportunities ETF | 6A270B06 | COPX 260320C0010000 |  | COPX 260320C00100000 | COPX260320C100. |  | UNGROUPED SECURITIES |  | OPTION | OPTION |  |  |  | USA | UNITED STATES |  |  | USD | US DOLLAR | 3/21/2026 |  |  | 3.15 |  |  |  |  |  | COPX 260320C0010000 |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 |  | S<br> N |  |  | 2/27/2026<br> C |  | 863;USD | USD | -1000.00 | -348976.25 | -348976.25 | -315000.00 | -315000.00 | 33976.25 | 33976.25 | 0.00 | False | 0.00 | N/A | -0.09 | -0.08 | -0.09 | 0.00 |  |  | 6A270B06<br> N | MP |
| 863 | Adaptive Alpha Opportunities ETF | 7F270B06 | COPX 260320C0011500 |  | COPX 260320C00115000 | COPX260320C115. |  | UNGROUPED SECURITIES |  | OPTION | OPTION |  |  |  | USA | UNITED STATES |  |  | USD | US DOLLAR | 3/21/2026 |  |  | 0.63 |  |  |  |  |  | COPX 260320C0011500 |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 |  | L<br> N |  |  | 2/27/2026<br> C |  | 863;USD | USD | 500.00 | 80511.88 | 80511.88 | 31250.00 | 31250.00 | -49261.88 | -49261.88 | 0.00 | False | 0.00 | N/A | 0.01 | 0.01 | 0.01 | 0.00 |  |  | 7F270B06<br> N | MP |
| 863 | Adaptive Alpha Opportunities ETF | 57Z7644B | FCX 260618C0006500 |  | FCX 260618C00065000 | FCX260618C65.00 |  | UNGROUPED SECURITIES |  | OPTION | OPTION |  |  |  | USA | UNITED STATES |  |  | USD | US DOLLAR | 6/19/2026 |  |  | 9.35 |  |  |  |  |  | FCX 260618C0006500 |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 |  | L<br> N |  |  | 2/27/2026<br> C |  | 863;USD | USD | 500.00 | 340511.88 | 340511.88 | 467500.00 | 467500.00 | 126988.12 | 126988.12 | 0.00 | False | 0.00 | N/A | 0.14 | 0.12 | 0.14 | 0.00 |  |  | 57Z7644B<br> N | MP |
| 863 | Adaptive Alpha Opportunities ETF | B2Z7644B | FCX 260618C0008000 |  | FCX 260618C00080000 | FCX260618C80.00 |  | UNGROUPED SECURITIES |  | OPTION | OPTION |  |  |  | USA | UNITED STATES |  |  | USD | US DOLLAR | 6/19/2026 |  |  | 3.75 |  |  |  |  |  | FCX 260618C0008000 |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 |  | S<br> N |  |  | 2/27/2026<br> C |  | 863;USD | USD | -500.00 | -116988.12 | -116988.12 | -187500.00 | -187500.00 | -70511.88 | -70511.88 | 0.00 | False | 0.00 | N/A | -0.06 | -0.05 | -0.05 | 0.00 |  |  | B2Z7644B<br> N | MP |
| 863 | Adaptive Alpha Opportunities ETF | 262F6B04 | GE 260320C0030000 |  | GE 260320C00300000 | GE260320C300.00 |  | UNGROUPED SECURITIES |  | OPTION | OPTION |  |  |  | USA | UNITED STATES |  |  | USD | US DOLLAR | 3/21/2026 |  |  | 42.78 |  |  |  |  |  | GE 260320C0030000 |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 |  | L<br> N |  |  | 2/27/2026<br> C |  | 863;USD | USD | 34.00 | 41772.76 | 41772.76 | 145435.00 | 145435.00 | 103662.24 | 103662.24 | 0.00 | False | 0.00 | N/A | 0.04 | 0.04 | 0.04 | 0.00 |  |  | 262F6B04<br> N | MP |
| 863 | Adaptive Alpha Opportunities ETF | 140F5548 | GE 260320C0032000 |  | GE 260320C00320000 | GE260320C320.00 |  | UNGROUPED SECURITIES |  | OPTION | OPTION |  |  |  | USA | UNITED STATES |  |  | USD | US DOLLAR | 3/21/2026 |  |  | 25.40 |  |  |  |  |  | GE 260320C0032000 |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 |  | L<br> N |  |  | 2/27/2026<br> C |  | 863;USD | USD | 300.00 | 433807.13 | 433807.13 | 762000.00 | 762000.00 | 328192.87 | 328192.87 | 0.00 | False | 0.00 | N/A | 0.23 | 0.20 | 0.22 | 0.00 |  |  | 140F5548<br> N | MP |
| 863 | Adaptive Alpha Opportunities ETF | 140Z6448 | GE 260320P0032000 |  | GE 260320P00320000 | GE260320P320.00 |  | UNGROUPED SECURITIES |  | OPTION | OPTION |  |  |  | USA | UNITED STATES |  |  | USD | US DOLLAR | 3/21/2026 |  |  | 3.63 |  |  |  |  |  | GE 260320P0032000 |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 |  | L<br> N |  |  | 2/27/2026<br> C |  | 863;USD | USD | 500.00 | 627036.88 | 627036.88 | 181250.00 | 181250.00 | -445786.88 | -445786.88 | 0.00 | False | 0.00 | N/A | 0.05 | 0.05 | 0.05 | 0.00 |  |  | 140Z6448<br> N | MP |
| 863 | Adaptive Alpha Opportunities ETF | ACB76B03 | GLD 260618C0048000 |  | GLD 260618C00480000 | GLD260618C480.0 |  | UNGROUPED SECURITIES |  | OPTION | OPTION |  |  |  | USA | UNITED STATES |  |  | USD | US DOLLAR | 6/19/2026 |  |  | 34.53 |  |  |  |  |  | GLD 260618C0048000 |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 |  | L<br> N |  |  | 2/27/2026<br> C |  | 863;USD | USD | 300.00 | 1350860.12 | 1350860.12 | 1035750.00 | 1035750.00 | -315110.12 | -315110.12 | 0.00 | False | 0.00 | N/A | 0.31 | 0.27 | 0.30 | 0.00 |  |  | ACB76B03<br> N | MP |
| 863 | Adaptive Alpha Opportunities ETF | 7F06574F | GLD 260618P0045000 |  | GLD 260618P00450000 | GLD260618P450.0 |  | UNGROUPED SECURITIES |  | OPTION | OPTION |  |  |  | USA | UNITED STATES |  |  | USD | US DOLLAR | 6/19/2026 |  |  | 13.40 |  |  |  |  |  | GLD 260618P0045000 |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 |  | L<br> N |  |  | 2/27/2026<br> C |  | 863;USD | USD | 500.00 | 1150511.88 | 1150511.88 | 670000.00 | 670000.00 | -480511.88 | -480511.88 | 0.00 | False | 0.00 | N/A | 0.20 | 0.18 | 0.20 | 0.00 |  |  | 7F06574F<br> N | MP |
| 863 | Adaptive Alpha Opportunities ETF | 5Z6A674Z | GLD 270115C0047500 |  | GLD 270115C00475000 | GLD270115C475.0 |  | UNGROUPED SECURITIES |  | OPTION | OPTION |  |  |  | USA | UNITED STATES |  |  | USD | US DOLLAR | 1/16/2027 |  |  | 60.13 |  |  |  |  |  | GLD 270115C0047500 |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 |  | L<br> N |  |  | 2/27/2026<br> C |  | 863;USD | USD | 250.00 | 1407319.94 | 1407319.94 | 1503125.00 | 1503125.00 | 95805.06 | 95805.06 | 0.00 | False | 0.00 | N/A | 0.45 | 0.40 | 0.44 | 0.00 |  |  | 5Z6A674Z<br> N | MP |
| 863 | Adaptive Alpha Opportunities ETF | 5Z6B574Z | GLD 270115P0047500 |  | GLD 270115P00475000 | GLD270115P475.0 |  | UNGROUPED SECURITIES |  | OPTION | OPTION |  |  |  | USA | UNITED STATES |  |  | USD | US DOLLAR | 1/16/2027 |  |  | 37.70 |  |  |  |  |  | GLD 270115P0047500 |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 |  | L<br> N |  |  | 2/27/2026<br> C |  | 863;USD | USD | 250.00 | 1061941.94 | 1061941.94 | 942500.00 | 942500.00 | -119441.94 | -119441.94 | 0.00 | False | 0.00 | N/A | 0.28 | 0.25 | 0.28 | 0.00 |  |  | 5Z6B574Z<br> N | MP |
| 863 | Adaptive Alpha Opportunities ETF | 94D95449 | HWM 260227P0025750 |  | HWM 260227P00257500 | HWM260227P257.5 | HWM260227P257.5 | UNGROUPED SECURITIES |  | OPTION | OPTION |  |  |  | USA | UNITED STATES |  |  | USD | US DOLLAR | 2/28/2026 |  |  | 1.15 |  |  |  |  |  | HWM 260227P0025750 |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 |  | L<br> N |  |  | 2/27/2026<br> C |  | 863;USD | USD | 500.00 | 240460.88 | 240460.88 | 57500.00 | 57500.00 | -182960.88 | -182960.88 | 0.00 | False | 0.00 | N/A | 0.02 | 0.02 | 0.02 | 0.00 |  |  | 94D95449<br> N | MP |
| 863 | Adaptive Alpha Opportunities ETF | 918F7549 | HWM 260320C0025000 |  | HWM 260320C00250000 | HWM260320C250.0 | HWM260320C250.0 | UNGROUPED SECURITIES |  | OPTION | OPTION |  |  |  | USA | UNITED STATES |  |  | USD | US DOLLAR | 3/21/2026 |  |  | 17.10 |  |  |  |  |  | HWM 260320C0025000 |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 |  | L<br> N |  |  | 2/27/2026<br> C |  | 863;USD | USD | 100.00 | 100602.38 | 100602.38 | 171000.00 | 171000.00 | 70397.62 | 70397.62 | 0.00 | False | 0.00 | N/A | 0.05 | 0.04 | 0.05 | 0.00 |  |  | 918F7549<br> N | MP |
| 863 | Adaptive Alpha Opportunities ETF | 818Z4549 | HWM 260320P0024000 |  | HWM 260320P00240000 | HWM260320P240.0 | HWM260320P240.0 | UNGROUPED SECURITIES |  | OPTION | OPTION |  |  |  | USA | UNITED STATES |  |  | USD | US DOLLAR | 3/21/2026 |  |  | 1.88 |  |  |  |  |  | HWM 260320P0024000 |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 |  | L<br> N |  |  | 2/27/2026<br> C |  | 863;USD | USD | 150.00 | 121153.57 | 121153.57 | 28125.00 | 28125.00 | -93028.57 | -93028.57 | 0.00 | False | 0.00 | N/A | 0.01 | 0.01 | 0.01 | 0.00 |  |  | 818Z4549<br> N | MP |
| 863 | Adaptive Alpha Opportunities ETF | BAZ75449 | HWM 260918C0026000 |  | HWM 260918C00260000 | HWM260918C260.0 | HWM260918C260.0 | UNGROUPED SECURITIES |  | OPTION | OPTION |  |  |  | USA | UNITED STATES |  |  | USD | US DOLLAR | 9/19/2026 |  |  | 32.80 |  |  |  |  |  | HWM 260918C0026000 |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 |  | S<br> N |  |  | 2/27/2026<br> C |  | 863;USD | USD | -200.00 | -258194.25 | -258194.25 | -656000.00 | -656000.00 | -397805.75 | -397805.75 | 0.00 | False | 0.00 | N/A | -0.20 | -0.17 | -0.19 | 0.00 |  |  | BAZ75449<br> N | MP |
| 863 | Adaptive Alpha Opportunities ETF | 5AZ6644A | HWM 260918P0018000 |  | HWM 260918P00180000 | HWM260918P180.0 | HWM260918P180.0 | UNGROUPED SECURITIES |  | OPTION | OPTION |  |  |  | USA | UNITED STATES |  |  | USD | US DOLLAR | 9/19/2026 |  |  | 4.30 |  |  |  |  |  | HWM 260918P0018000 |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 |  | S<br> N |  |  | 2/27/2026<br> C |  | 863;USD | USD | -200.00 | -171215.25 | -171215.25 | -86000.00 | -86000.00 | 85215.25 | 85215.25 | 0.00 | False | 0.00 | N/A | -0.03 | -0.02 | -0.03 | 0.00 |  |  | 5AZ6644A<br> N | MP |
| 863 | Adaptive Alpha Opportunities ETF | FAZ66449 | HWM 260918P0022000 |  | HWM 260918P00220000 | HWM260918P220.0 | HWM260918P220.0 | UNGROUPED SECURITIES |  | OPTION | OPTION |  |  |  | USA | UNITED STATES |  |  | USD | US DOLLAR | 9/19/2026 |  |  | 11.65 |  |  |  |  |  | HWM 260918P0022000 |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 |  | L<br> N |  |  | 2/27/2026<br> C |  | 863;USD | USD | 200.00 | 458081.75 | 458081.75 | 233000.00 | 233000.00 | -225081.75 | -225081.75 | 0.00 | False | 0.00 | N/A | 0.07 | 0.06 | 0.07 | 0.00 |  |  | FAZ66449<br> N | MP |
| 863 | Adaptive Alpha Opportunities ETF | FA83764B | IBIT 260618C0003800 |  | IBIT 260618C00038000 | IBIT260618C38.0 |  | UNGROUPED SECURITIES |  | OPTION | OPTION |  |  |  | USA | UNITED STATES |  |  | USD | US DOLLAR | 6/19/2026 |  |  | 3.98 |  |  |  |  |  | IBIT 260618C0003800 |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 |  | L<br> N |  |  | 2/27/2026<br> C |  | 863;USD | USD | 1000.00 | 481505.75 | 481505.75 | 397500.00 | 397500.00 | -84005.75 | -84005.75 | 0.00 | False | 0.00 | N/A | 0.12 | 0.10 | 0.12 | 0.00 |  |  | FA83764B<br> N | MP |
| 863 | Adaptive Alpha Opportunities ETF | F582544B | IBIT 260618P0003700 |  | IBIT 260618P00037000 | IBIT260618P37.0 |  | UNGROUPED SECURITIES |  | OPTION | OPTION |  |  |  | USA | UNITED STATES |  |  | USD | US DOLLAR | 6/19/2026 |  |  | 3.80 |  |  |  |  |  | IBIT 260618P0003700 |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 |  | L<br> N |  |  | 2/27/2026<br> C |  | 863;USD | USD | 2000.00 | 702047.50 | 702047.50 | 760000.00 | 760000.00 | 57952.50 | 57952.50 | 0.00 | False | 0.00 | N/A | 0.23 | 0.20 | 0.22 | 0.00 |  |  | F582544B<br> N | MP |
| 863 | Adaptive Alpha Opportunities ETF | F882544B | IBIT 260918P0003500 |  | IBIT 260918P00035000 | IBIT260918P35.0 |  | UNGROUPED SECURITIES |  | OPTION | OPTION |  |  |  | USA | UNITED STATES |  |  | USD | US DOLLAR | 9/19/2026 |  |  | 4.30 |  |  |  |  |  | IBIT 260918P0003500 |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 |  | L<br> N |  |  | 2/27/2026<br> C |  | 863;USD | USD | 3000.00 | 1206071.25 | 1206071.25 | 1290000.00 | 1290000.00 | 83928.75 | 83928.75 | 0.00 | False | 0.00 | N/A | 0.39 | 0.34 | 0.38 | 0.00 |  |  | F882544B<br> N | MP |
| 863 | Adaptive Alpha Opportunities ETF | 96DD674B | IBIT 261016C0005000 |  | IBIT 261016C00050000 | IBIT261016C50 |  | UNGROUPED SECURITIES |  | OPTION | OPTION |  |  |  | USA | UNITED STATES |  |  | USD | US DOLLAR | 10/16/2026 |  |  | 2.43 |  |  |  |  |  | IBIT 261016C0005000 |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 |  | L<br> N |  |  | 2/27/2026<br> C |  | 863;USD | USD | 500.00 | 156413.88 | 156413.88 | 121250.00 | 121250.00 | -35163.88 | -35163.88 | 0.00 | False | 0.00 | N/A | 0.04 | 0.03 | 0.04 | 0.00 |  |  | 96DD674B<br> N | MP |
| 863 | Adaptive Alpha Opportunities ETF | ZFDZ674A | IBIT 270115C0003800 |  | IBIT 270115C00038000 | IBIT270115C38 |  | UNGROUPED SECURITIES |  | OPTION | OPTION |  |  |  | USA | UNITED STATES |  |  | USD | US DOLLAR | 1/15/2027 |  |  | 7.60 |  |  |  |  |  | IBIT 270115C0003800 |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 |  | L<br> N |  |  | 2/27/2026<br> C |  | 863;USD | USD | 2000.00 | 1756103.50 | 1756103.50 | 1520000.00 | 1520000.00 | -236103.50 | -236103.50 | 0.00 | False | 0.00 | N/A | 0.46 | 0.40 | 0.44 | 0.00 |  |  | ZFDZ674A<br> N | MP |
| 863 | Adaptive Alpha Opportunities ETF | 82DZ674A | IBIT 270115C0005500 |  | IBIT 270115C00055000 | IBIT270115C55 |  | UNGROUPED SECURITIES |  | OPTION | OPTION |  |  |  | USA | UNITED STATES |  |  | USD | US DOLLAR | 1/15/2027 |  |  | 2.73 |  |  |  |  |  | IBIT 270115C0005500 |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 |  | S<br> N |  |  | 2/27/2026<br> C |  | 863;USD | USD | -2000.00 | -723496.50 | -723496.50 | -546000.00 | -546000.00 | 177496.50 | 177496.50 | 0.00 | False | 0.00 | N/A | -0.16 | -0.14 | -0.16 | 0.00 |  |  | 82DZ674A<br> N | MP |
| 863 | Adaptive Alpha Opportunities ETF | A2DZ674A | IBIT 270115C0007500 |  | IBIT 270115C00075000 | IBIT270115C75 |  | UNGROUPED SECURITIES |  | OPTION | OPTION |  |  |  | USA | UNITED STATES |  |  | USD | US DOLLAR | 1/15/2027 |  |  | 0.96 |  |  |  |  |  | IBIT 270115C0007500 |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 |  | S<br> N |  |  | 2/27/2026<br> C |  | 863;USD | USD | -500.00 | -65287.12 | -65287.12 | -48000.00 | -48000.00 | 17287.12 | 17287.12 | 0.00 | False | 0.00 | N/A | -0.01 | -0.01 | -0.01 | 0.00 |  |  | A2DZ674A<br> N | MP |
| 863 | Adaptive Alpha Opportunities ETF | Z7DF574A | IBIT 270115P0003000 |  | IBIT 270115P00030000 | IBIT270115P30 |  | UNGROUPED SECURITIES |  | OPTION | OPTION |  |  |  | USA | UNITED STATES |  |  | USD | US DOLLAR | 1/15/2027 |  |  | 3.65 |  |  |  |  |  | IBIT 270115P0003000 |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 |  | S<br> N |  |  | 2/27/2026<br> C |  | 863;USD | USD | -2000.00 | -778296.50 | -778296.50 | -730000.00 | -730000.00 | 48296.50 | 48296.50 | 0.00 | False | 0.00 | N/A | -0.22 | -0.19 | -0.21 | 0.00 |  |  | Z7DF574A<br> N | MP |
| 863 | Adaptive Alpha Opportunities ETF | B1F85449 | IWM 260306P0026300 |  | IWM 260306P00263000 | IWM260306P263.0 |  | UNGROUPED SECURITIES |  | OPTION | OPTION |  |  |  | USA | UNITED STATES |  |  | USD | US DOLLAR | 3/7/2026 |  |  | 4.52 |  |  |  |  |  | IWM 260306P0026300 |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 |  | L<br> N |  |  | 2/27/2026<br> C |  | 863;USD | USD | 1000.00 | 381023.75 | 381023.75 | 452000.00 | 452000.00 | 70976.25 | 70976.25 | 0.00 | False | 0.00 | N/A | 0.14 | 0.12 | 0.13 | 0.00 |  |  | B1F85449<br> N | MP |
| 863 | Adaptive Alpha Opportunities ETF | 890D525F | KLAC 260320P0146000 |  | KLAC 260320P01460000 | KLAC260320P1460 |  | UNGROUPED SECURITIES |  | OPTION | OPTION |  |  |  | USA | UNITED STATES |  |  | USD | US DOLLAR | 3/21/2026 |  |  | 51.75 |  |  |  |  |  | KLAC 260320P0146000 |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 |  | L<br> N |  |  | 2/27/2026<br> C |  | 863;USD | USD | 100.00 | 593817.38 | 593817.38 | 517500.00 | 517500.00 | -76317.38 | -76317.38 | 0.00 | False | 0.00 | N/A | 0.16 | 0.14 | 0.15 | 0.00 |  |  | 890D525F<br> N | MP |
| 863 | Adaptive Alpha Opportunities ETF | CC346253 | KLAC 260618C0182000 |  | KLAC 260618C01820000 | KLAC260618C1820 |  | UNGROUPED SECURITIES |  | OPTION | OPTION |  |  |  | USA | UNITED STATES |  |  | USD | US DOLLAR | 6/19/2026 |  |  | 73.50 |  |  |  |  |  | KLAC 260618C0182000 |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 |  | S<br> N |  |  | 2/27/2026<br> C |  | 863;USD | USD | -100.00 | -708612.62 | -708612.62 | -735000.00 | -735000.00 | -26387.38 | -26387.38 | 0.00 | False | 0.00 | N/A | -0.22 | -0.19 | -0.22 | 0.00 |  |  | CC346253<br> N | MP |
| 863 | Adaptive Alpha Opportunities ETF | CA4F5D15 | LLY 260320C0124000 |  | LLY 260320C01240000 | LLY260320C1240. |  | UNGROUPED SECURITIES |  | OPTION | OPTION |  |  |  | USA | UNITED STATES |  |  | USD | US DOLLAR | 3/21/2026 |  |  | 1.66 |  |  |  |  |  | LLY 260320C0124000 |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 |  | S<br> N |  |  | 2/27/2026<br> C |  | 863;USD | USD | -100.00 | -217697.62 | -217697.62 | -16600.00 | -16600.00 | 201097.62 | 201097.62 | 0.00 | False | 0.00 | N/A | 0.00 | 0.00 | 0.00 | 0.00 |  |  | CA4F5D15<br> N | MP |
| 863 | Adaptive Alpha Opportunities ETF | 8AZZ5242 | LLY 260320P0090000 |  | LLY 260320P00900000 | LLY260320P900.0 |  | UNGROUPED SECURITIES |  | OPTION | OPTION |  |  |  | USA | UNITED STATES |  |  | USD | US DOLLAR | 3/21/2026 |  |  | 2.81 |  |  |  |  |  | LLY 260320P0090000 |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 |  | S<br> N |  |  | 2/27/2026<br> C |  | 863;USD | USD | -100.00 | -187095.62 | -187095.62 | -28050.00 | -28050.00 | 159045.62 | 159045.62 | 0.00 | False | 0.00 | N/A | -0.01 | -0.01 | -0.01 | 0.00 |  |  | 8AZZ5242<br> N | MP |
| 863 | Adaptive Alpha Opportunities ETF | DA4Z6D0Z | LLY 260320P0095000 |  | LLY 260320P00950000 | LLY260320P950.0 |  | UNGROUPED SECURITIES |  | OPTION | OPTION |  |  |  | USA | UNITED STATES |  |  | USD | US DOLLAR | 3/21/2026 |  |  | 7.18 |  |  |  |  |  | LLY 260320P0095000 |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 |  | S<br> N |  |  | 2/27/2026<br> C |  | 863;USD | USD | -100.00 | -207697.62 | -207697.62 | -71750.00 | -71750.00 | 135947.62 | 135947.62 | 0.00 | False | 0.00 | N/A | -0.02 | -0.02 | -0.02 | 0.00 |  |  | DA4Z6D0Z<br> N | MP |
| 863 | Adaptive Alpha Opportunities ETF | 8AZZ525B | LLY 260320P0100000 |  | LLY 260320P01000000 | LLY260320P1000. |  | UNGROUPED SECURITIES |  | OPTION | OPTION |  |  |  | USA | UNITED STATES |  |  | USD | US DOLLAR | 3/21/2026 |  |  | 16.80 |  |  |  |  |  | LLY 260320P0100000 |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 |  | L<br> N |  |  | 2/27/2026<br> C |  | 863;USD | USD | 100.00 | 561611.38 | 561611.38 | 168000.00 | 168000.00 | -393611.38 | -393611.38 | 0.00 | False | 0.00 | N/A | 0.05 | 0.04 | 0.05 | 0.00 |  |  | 8AZZ525B<br> N | MP |
| 863 | Adaptive Alpha Opportunities ETF | C0906749 | LRCX 260227C0024500 |  | LRCX 260227C00245000 | LRCX260227C245. |  | UNGROUPED SECURITIES |  | OPTION | OPTION |  |  |  | USA | UNITED STATES |  |  | USD | US DOLLAR | 2/28/2026 |  |  | 0.05 |  |  |  |  |  | LRCX 260227C0024500 |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 |  | L<br> N |  |  | 2/27/2026<br> C |  | 863;USD | USD | 250.00 | 229544.94 | 229544.94 | 1250.00 | 1250.00 | -228294.94 | -228294.94 | 0.00 | False | 0.00 | N/A | 0.00 | 0.00 | 0.00 | 0.00 |  |  | C0906749<br> N | MP |
| 863 | Adaptive Alpha Opportunities ETF | C6176A05 | LRCX 260320C0024000 |  | LRCX 260320C00240000 | LRCX260320C240. |  | UNGROUPED SECURITIES |  | OPTION | OPTION |  |  |  | USA | UNITED STATES |  |  | USD | US DOLLAR | 3/21/2026 |  |  | 11.95 |  |  |  |  |  | LRCX 260320C0024000 |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 |  | L<br> N |  |  | 2/27/2026<br> C |  | 863;USD | USD | 250.00 | 455255.94 | 455255.94 | 298750.00 | 298750.00 | -156505.94 | -156505.94 | 0.00 | False | 0.00 | N/A | 0.09 | 0.08 | 0.09 | 0.00 |  |  | C6176A05<br> N | MP |
| 863 | Adaptive Alpha Opportunities ETF | D4976749 | LRCX 260320C0025000 |  | LRCX 260320C00250000 | LRCX260320C250. |  | UNGROUPED SECURITIES |  | OPTION | OPTION |  |  |  | USA | UNITED STATES |  |  | USD | US DOLLAR | 3/21/2026 |  |  | 8.40 |  |  |  |  |  | LRCX 260320C0025000 |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 |  | L<br> N |  |  | 2/27/2026<br> C |  | 863;USD | USD | 500.00 | 728511.88 | 728511.88 | 420000.00 | 420000.00 | -308511.88 | -308511.88 | 0.00 | False | 0.00 | N/A | 0.13 | 0.11 | 0.12 | 0.00 |  |  | D4976749<br> N | MP |
| 863 | Adaptive Alpha Opportunities ETF | F7676B05 | LRCX 260320C0027000 |  | LRCX 260320C00270000 | LRCX260320C270. |  | UNGROUPED SECURITIES |  | OPTION | OPTION |  |  |  | USA | UNITED STATES |  |  | USD | US DOLLAR | 3/21/2026 |  |  | 3.70 |  |  |  |  |  | LRCX 260320C0027000 |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 |  | S<br> N |  |  | 2/27/2026<br> C |  | 863;USD | USD | -100.00 | -97323.62 | -97323.62 | -37000.00 | -37000.00 | 60323.62 | 60323.62 | 0.00 | False | 0.00 | N/A | -0.01 | -0.01 | -0.01 | 0.00 |  |  | F7676B05<br> N | MP |
| 863 | Adaptive Alpha Opportunities ETF | 06176A05 | LRCX 260320C0028000 |  | LRCX 260320C00280000 | LRCX260320C280. |  | UNGROUPED SECURITIES |  | OPTION | OPTION |  |  |  | USA | UNITED STATES |  |  | USD | US DOLLAR | 3/21/2026 |  |  | 2.36 |  |  |  |  |  | LRCX 260320C0028000 |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 |  | S<br> N |  |  | 2/27/2026<br> C |  | 863;USD | USD | -500.00 | -320738.12 | -320738.12 | -118000.00 | -118000.00 | 202738.12 | 202738.12 | 0.00 | False | 0.00 | N/A | -0.04 | -0.03 | -0.03 | 0.00 |  |  | 06176A05<br> N | MP |
| 863 | Adaptive Alpha Opportunities ETF | A5466449 | LRCX 260320P0023000 |  | LRCX 260320P00230000 | LRCX260320P230. |  | UNGROUPED SECURITIES |  | OPTION | OPTION |  |  |  | USA | UNITED STATES |  |  | USD | US DOLLAR | 3/21/2026 |  |  | 12.55 |  |  |  |  |  | LRCX 260320P0023000 |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 |  | S<br> N |  |  | 2/27/2026<br> C |  | 863;USD | USD | -300.00 | -304192.87 | -304192.87 | -376500.00 | -376500.00 | -72307.13 | -72307.13 | 0.00 | False | 0.00 | N/A | -0.11 | -0.10 | -0.11 | 0.00 |  |  | A5466449<br> N | MP |
| 863 | Adaptive Alpha Opportunities ETF | C7165449 | LRCX 260320P0024000 |  | LRCX 260320P00240000 | LRCX260320P240. |  | UNGROUPED SECURITIES |  | OPTION | OPTION |  |  |  | USA | UNITED STATES |  |  | USD | US DOLLAR | 3/21/2026 |  |  | 17.83 |  |  |  |  |  | LRCX 260320P0024000 |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 |  | L<br> N |  |  | 2/27/2026<br> C |  | 863;USD | USD | 500.00 | 720511.88 | 720511.88 | 891250.00 | 891250.00 | 170738.12 | 170738.12 | 0.00 | False | 0.00 | N/A | 0.27 | 0.23 | 0.26 | 0.00 |  |  | C7165449<br> N | MP |
| 863 | Adaptive Alpha Opportunities ETF | F61F574A | NEM 260320C0014500 |  | NEM 260320C00145000 | NEM260320C145.0 |  | UNGROUPED SECURITIES |  | OPTION | OPTION |  |  |  | USA | UNITED STATES |  |  | USD | US DOLLAR | 3/21/2026 |  |  | 1.74 |  |  |  |  |  | NEM 260320C0014500 |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 |  | S<br> N |  |  | 2/27/2026<br> C |  | 863;USD | USD | -200.00 | -43395.25 | -43395.25 | -34700.00 | -34700.00 | 8695.25 | 8695.25 | 0.00 | False | 0.00 | N/A | -0.01 | -0.01 | -0.01 | 0.00 |  |  | F61F574A<br> N | MP |
| 863 | Adaptive Alpha Opportunities ETF | 961Z674A | NEM 260320P0012500 |  | NEM 260320P00125000 | NEM260320P125.0 |  | UNGROUPED SECURITIES |  | OPTION | OPTION |  |  |  | USA | UNITED STATES |  |  | USD | US DOLLAR | 3/21/2026 |  |  | 4.13 |  |  |  |  |  | NEM 260320P0012500 |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 |  | L<br> N |  |  | 2/27/2026<br> C |  | 863;USD | USD | 450.00 | 333560.69 | 333560.69 | 185625.00 | 185625.00 | -147935.69 | -147935.69 | 0.00 | False | 0.00 | N/A | 0.06 | 0.05 | 0.05 | 0.00 |  |  | 961Z674A<br> N | MP |
| 863 | Adaptive Alpha Opportunities ETF | Z428674A | NEM 260417C0015000 |  | NEM 260417C00150000 | NEM260417C150.0 |  | UNGROUPED SECURITIES |  | OPTION | OPTION |  |  |  | USA | UNITED STATES |  |  | USD | US DOLLAR | 4/18/2026 |  |  | 3.48 |  |  |  |  |  | NEM 260417C0015000 |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 |  | S<br> N |  |  | 2/27/2026<br> C |  | 863;USD | USD | -250.00 | -80994.06 | -80994.06 | -86875.00 | -86875.00 | -5880.94 | -5880.94 | 0.00 | False | 0.00 | N/A | -0.03 | -0.02 | -0.03 | 0.00 |  |  | Z428674A<br> N | MP |
| 863 | Adaptive Alpha Opportunities ETF | B429574A | NEM 260417P0010000 |  | NEM 260417P00100000 | NEM260417P100.0 |  | UNGROUPED SECURITIES |  | OPTION | OPTION |  |  |  | USA | UNITED STATES |  |  | USD | US DOLLAR | 4/18/2026 |  |  | 0.87 |  |  |  |  |  | NEM 260417P0010000 |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 |  | S<br> N |  |  | 2/27/2026<br> C |  | 863;USD | USD | -250.00 | -43994.06 | -43994.06 | -21625.00 | -21625.00 | 22369.06 | 22369.06 | 0.00 | False | 0.00 | N/A | -0.01 | -0.01 | -0.01 | 0.00 |  |  | B429574A<br> N | MP |
| 863 | Adaptive Alpha Opportunities ETF | D778464A | NVDA 260227P0017500 |  | NVDA 260227P00175000 | NVDA260227P175. |  | UNGROUPED SECURITIES |  | OPTION | OPTION |  |  |  | USA | UNITED STATES |  |  | USD | US DOLLAR | 2/28/2026 |  |  | 0.02 |  |  |  |  |  | NVDA 260227P0017500 |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 |  | S<br> N |  |  | 2/27/2026<br> C |  | 863;USD | USD | -1000.00 | -160735.25 | -160735.25 | -1500.00 | -1500.00 | 159235.25 | 159235.25 | 0.00 | False | 0.00 | N/A | 0.00 | 0.00 | 0.00 | 0.00 |  |  | D778464A<br> N | MP |
| 863 | Adaptive Alpha Opportunities ETF | 244Z674A | NVDA 260320C0018750 |  | NVDA 260320C00187500 | NVDA260320C187. |  | UNGROUPED SECURITIES |  | OPTION | OPTION |  |  |  | USA | UNITED STATES |  |  | USD | US DOLLAR | 3/21/2026 |  |  | 4.10 |  |  |  |  |  | NVDA 260320C0018750 |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 |  | L<br> N |  |  | 2/27/2026<br> C |  | 863;USD | USD | 2000.00 | 1810572.50 | 1810572.50 | 820000.00 | 820000.00 | -990572.50 | -990572.50 | 0.00 | False | 0.00 | N/A | 0.25 | 0.22 | 0.24 | 0.00 |  |  | 244Z674A<br> N | MP |
| 863 | Adaptive Alpha Opportunities ETF | 244F574A | NVDA 260320P0018750 |  | NVDA 260320P00187500 | NVDA260320P187. |  | UNGROUPED SECURITIES |  | OPTION | OPTION |  |  |  | USA | UNITED STATES |  |  | USD | US DOLLAR | 3/21/2026 |  |  | 14.08 |  |  |  |  |  | NVDA 260320P0018750 |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 |  | L<br> N |  |  | 2/27/2026<br> C |  | 863;USD | USD | 2000.00 | 1694027.50 | 1694027.50 | 2815000.00 | 2815000.00 | 1120972.50 | 1120972.50 | 0.00 | False | 0.00 | N/A | 0.84 | 0.74 | 0.82 | 0.00 |  |  | 244F574A<br> N | MP |
| 863 | Adaptive Alpha Opportunities ETF | F6166449 | NVDA 260618C0025000 |  | NVDA 260618C00250000 | NVDA260618C250. |  | UNGROUPED SECURITIES |  | OPTION | OPTION |  |  |  | USA | UNITED STATES |  |  | USD | US DOLLAR | 6/19/2026 |  |  | 1.92 |  |  |  |  |  | NVDA 260618C0025000 |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 |  | S<br> N |  |  | 2/27/2026<br> C |  | 863;USD | USD | -1000.00 | -488701.25 | -488701.25 | -191500.00 | -191500.00 | 297201.25 | 297201.25 | 0.00 | False | 0.00 | N/A | -0.06 | -0.05 | -0.06 | 0.00 |  |  | F6166449<br> N | MP |
| 863 | Adaptive Alpha Opportunities ETF | D617544A | NVDA 260618P0017000 |  | NVDA 260618P00170000 | NVDA260618P170. |  | UNGROUPED SECURITIES |  | OPTION | OPTION |  |  |  | USA | UNITED STATES |  |  | USD | US DOLLAR | 6/19/2026 |  |  | 13.98 |  |  |  |  |  | NVDA 260618P0017000 |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 |  | S<br> N |  |  | 2/27/2026<br> C |  | 863;USD | USD | -1000.00 | -864426.25 | -864426.25 | -1397500.00 | -1397500.00 | -533073.75 | -533073.75 | 0.00 | False | 0.00 | N/A | -0.42 | -0.37 | -0.41 | 0.00 |  |  | D617544A<br> N | MP |
| 863 | Adaptive Alpha Opportunities ETF | 2327574A | NVDA 260618P0018500 |  | NVDA 260618P00185000 | NVDA260618P185. |  | UNGROUPED SECURITIES |  | OPTION | OPTION |  |  |  | USA | UNITED STATES |  |  | USD | US DOLLAR | 6/19/2026 |  |  | 21.28 |  |  |  |  |  | NVDA 260618P0018500 |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 |  | L<br> N |  |  | 2/27/2026<br> C |  | 863;USD | USD | 500.00 | 864902.88 | 864902.88 | 1063750.00 | 1063750.00 | 198847.12 | 198847.12 | 0.00 | False | 0.00 | N/A | 0.32 | 0.28 | 0.31 | 0.00 |  |  | 2327574A<br> N | MP |
| 863 | Adaptive Alpha Opportunities ETF | 3317544A | NVDA 260618P0019500 |  | NVDA 260618P00195000 | NVDA260618P195. |  | UNGROUPED SECURITIES |  | OPTION | OPTION |  |  |  | USA | UNITED STATES |  |  | USD | US DOLLAR | 6/19/2026 |  |  | 27.28 |  |  |  |  |  | NVDA 260618P0019500 |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 |  | L<br> N |  |  | 2/27/2026<br> C |  | 863;USD | USD | 500.00 | 910461.87 | 910461.87 | 1363750.00 | 1363750.00 | 453288.13 | 453288.13 | 0.00 | False | 0.00 | N/A | 0.41 | 0.36 | 0.40 | 0.00 |  |  | 3317544A<br> N | MP |
| 863 | Adaptive Alpha Opportunities ETF | F3A70349 | NVO 260618C0005500 |  | NVO 260618C00055000 | NVO260618C55.00 |  | UNGROUPED SECURITIES |  | OPTION | OPTION |  |  |  | USA | UNITED STATES |  |  | USD | US DOLLAR | 6/19/2026 |  |  | 0.49 |  |  |  |  |  | NVO 260618C0005500 |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 |  | L<br> N |  |  | 2/27/2026<br> C |  | 863;USD | USD | 250.00 | 131003.53 | 131003.53 | 12250.00 | 12250.00 | -118753.53 | -118753.53 | 0.00 | False | 0.00 | N/A | 0.00 | 0.00 | 0.00 | 0.00 |  |  | F3A70349<br> N | MP |
| 863 | Adaptive Alpha Opportunities ETF | D6A70349 | NVO 260618C0007000 |  | NVO 260618C00070000 | NVO260618C70.00 |  | UNGROUPED SECURITIES |  | OPTION | OPTION |  |  |  | USA | UNITED STATES |  |  | USD | US DOLLAR | 6/19/2026 |  |  | 0.21 |  |  |  |  |  | NVO 260618C0007000 |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 |  | S<br> N |  |  | 2/27/2026<br> C |  | 863;USD | USD | -250.00 | -46746.47 | -46746.47 | -5125.00 | -5125.00 | 41621.47 | 41621.47 | 0.00 | False | 0.00 | N/A | 0.00 | 0.00 | 0.00 | 0.00 |  |  | D6A70349<br> N | MP |
| 863 | Adaptive Alpha Opportunities ETF | Z3A63349 | NVO 260618P0004500 |  | NVO 260618P00045000 | NVO260618P45.00 |  | UNGROUPED SECURITIES |  | OPTION | OPTION |  |  |  | USA | UNITED STATES |  |  | USD | US DOLLAR | 6/19/2026 |  |  | 9.58 |  |  |  |  |  | NVO 260618P0004500 |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 |  | S<br> N |  |  | 2/27/2026<br> C |  | 863;USD | USD | -250.00 | -71071.47 | -71071.47 | -239375.00 | -239375.00 | -168303.53 | -168303.53 | 0.00 | False | 0.00 | N/A | -0.07 | -0.06 | -0.07 | 0.00 |  |  | Z3A63349<br> N | MP |
| 863 | Adaptive Alpha Opportunities ETF | DF75574B | PLTR 260618C0019000 |  | PLTR 260618C00190000 | PLTR260618C190. |  | UNGROUPED SECURITIES |  | OPTION | OPTION |  |  |  | USA | UNITED STATES |  |  | USD | US DOLLAR | 6/19/2026 |  |  | 3.83 |  |  |  |  |  | PLTR 260618C0019000 |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 |  | S<br> N |  |  | 2/27/2026<br> C |  | 863;USD | USD | -300.00 | -263091.88 | -263091.88 | -114750.00 | -114750.00 | 148341.88 | 148341.88 | 0.00 | False | 0.00 | N/A | -0.03 | -0.03 | -0.03 | 0.00 |  |  | DF75574B<br> N | MP |
| 863 | Adaptive Alpha Opportunities ETF | 6A74674B | PLTR 260618P0012500 |  | PLTR 260618P00125000 | PLTR260618P125. |  | UNGROUPED SECURITIES |  | OPTION | OPTION |  |  |  | USA | UNITED STATES |  |  | USD | US DOLLAR | 6/19/2026 |  |  | 10.88 |  |  |  |  |  | PLTR 260618P0012500 |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 |  | S<br> N |  |  | 2/27/2026<br> C |  | 863;USD | USD | -300.00 | -293092.87 | -293092.87 | -326250.00 | -326250.00 | -33157.13 | -33157.13 | 0.00 | False | 0.00 | N/A | -0.10 | -0.09 | -0.10 | 0.00 |  |  | 6A74674B<br> N | MP |
| 863 | Adaptive Alpha Opportunities ETF | 0F14574B | PLTR 260618P0014000 |  | PLTR 260618P00140000 | PLTR260618P140. |  | UNGROUPED SECURITIES |  | OPTION | OPTION |  |  |  | USA | UNITED STATES |  |  | USD | US DOLLAR | 6/19/2026 |  |  | 17.85 |  |  |  |  |  | PLTR 260618P0014000 |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 |  | L<br> N |  |  | 2/27/2026<br> C |  | 863;USD | USD | 300.00 | 596707.13 | 596707.13 | 535500.00 | 535500.00 | -61207.13 | -61207.13 | 0.00 | False | 0.00 | N/A | 0.16 | 0.14 | 0.16 | 0.00 |  |  | 0F14574B<br> N | MP |
| 863 | Adaptive Alpha Opportunities ETF | 5D48764C | QQQ 260227C0060900 |  | QQQ 260227C00609000 | QQQ260227C609.0 |  | UNGROUPED SECURITIES |  | OPTION | OPTION |  |  |  | USA | UNITED STATES |  |  | USD | US DOLLAR | 2/28/2026 |  |  | 0.02 |  |  |  |  |  | QQQ 260227C0060900 |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 |  | L<br> N |  |  | 2/27/2026<br> C |  | 863;USD | USD | 500.00 | 362157.88 | 362157.88 | 750.00 | 750.00 | -361407.88 | -361407.88 | 0.00 | False | 0.00 | N/A | 0.00 | 0.00 | 0.00 | 0.00 |  |  | 5D48764C<br> N | MP |
| 863 | Adaptive Alpha Opportunities ETF | 4068054C | QQQ 260227C0061400 |  | QQQ 260227C00614000 | QQQ260227C614.0 |  | UNGROUPED SECURITIES |  | OPTION | OPTION |  |  |  | USA | UNITED STATES |  |  | USD | US DOLLAR | 2/28/2026 |  |  | 0.01 |  |  |  |  |  | QQQ 260227C0061400 |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 |  | S<br> N |  |  | 2/27/2026<br> C |  | 863;USD | USD | -500.00 | -94059.12 | -94059.12 | -250.00 | -250.00 | 93809.12 | 93809.12 | 0.00 | False | 0.00 | N/A | 0.00 | 0.00 | 0.00 | 0.00 |  |  | 4068054C<br> N | MP |
| 863 | Adaptive Alpha Opportunities ETF | 4168054C | QQQ 260227C0061500 |  | QQQ 260227C00615000 | QQQ260227C615.0 |  | UNGROUPED SECURITIES |  | OPTION | OPTION |  |  |  | USA | UNITED STATES |  |  | USD | US DOLLAR | 2/28/2026 |  |  | 0.01 |  |  |  |  |  | QQQ 260227C0061500 |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 |  | L<br> N |  |  | 2/27/2026<br> C |  | 863;USD | USD | 500.00 | 223410.88 | 223410.88 | 250.00 | 250.00 | -223160.88 | -223160.88 | 0.00 | False | 0.00 | N/A | 0.00 | 0.00 | 0.00 | 0.00 |  |  | 4168054C<br> N | MP |
| 863 | Adaptive Alpha Opportunities ETF | CD69354F | QQQ 260227P0059900 |  | QQQ 260227P00599000 | QQQ260227P599.0 |  | UNGROUPED SECURITIES |  | OPTION | OPTION |  |  |  | USA | UNITED STATES |  |  | USD | US DOLLAR | 2/28/2026 |  |  | 0.01 |  |  |  |  |  | QQQ 260227P0059900 |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 |  | L<br> N |  |  | 2/27/2026<br> C |  | 863;USD | USD | 500.00 | 370942.88 | 370942.88 | 250.00 | 250.00 | -370692.88 | -370692.88 | 0.00 | False | 0.00 | N/A | 0.00 | 0.00 | 0.00 | 0.00 |  |  | CD69354F<br> N | MP |
| 863 | Adaptive Alpha Opportunities ETF | 410F674C | QQQ 260320C0060600 |  | QQQ 260320C00606000 | QQQ260320C606.0 |  | UNGROUPED SECURITIES |  | OPTION | OPTION |  |  |  | USA | UNITED STATES |  |  | USD | US DOLLAR | 3/21/2026 |  |  | 13.96 |  |  |  |  |  | QQQ 260320C0060600 |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 |  | L<br> N |  |  | 2/27/2026<br> C |  | 863;USD | USD | 1000.00 | 1764023.75 | 1764023.75 | 1395500.00 | 1395500.00 | -368523.75 | -368523.75 | 0.00 | False | 0.00 | N/A | 0.42 | 0.37 | 0.41 | 0.00 |  |  | 410F674C<br> N | MP |
| 863 | Adaptive Alpha Opportunities ETF | 4F1F544C | QQQ 260320C0060800 |  | QQQ 260320C00608000 | QQQ260320C608.0 |  | UNGROUPED SECURITIES |  | OPTION | OPTION |  |  |  | USA | UNITED STATES |  |  | USD | US DOLLAR | 3/21/2026 |  |  | 12.69 |  |  |  |  |  | QQQ 260320C0060800 |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 |  | S<br> N |  |  | 2/27/2026<br> C |  | 863;USD | USD | -500.00 | -895286.12 | -895286.12 | -634250.00 | -634250.00 | 261036.12 | 261036.12 | 0.00 | False | 0.00 | N/A | -0.19 | -0.17 | -0.19 | 0.00 |  |  | 4F1F544C<br> N | MP |
| 863 | Adaptive Alpha Opportunities ETF | 411F644C | QQQ 260320C0061400 |  | QQQ 260320C00614000 | QQQ260320C614.0 |  | UNGROUPED SECURITIES |  | OPTION | OPTION |  |  |  | USA | UNITED STATES |  |  | USD | US DOLLAR | 3/21/2026 |  |  | 9.11 |  |  |  |  |  | QQQ 260320C0061400 |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 |  | L<br> N |  |  | 2/27/2026<br> C |  | 863;USD | USD | 1000.00 | 1406023.75 | 1406023.75 | 910500.00 | 910500.00 | -495523.75 | -495523.75 | 0.00 | False | 0.00 | N/A | 0.27 | 0.24 | 0.27 | 0.00 |  |  | 411F644C<br> N | MP |
| 863 | Adaptive Alpha Opportunities ETF | 431F644C | QQQ 260320C0061600 |  | QQQ 260320C00616000 | QQQ260320C616.0 |  | UNGROUPED SECURITIES |  | OPTION | OPTION |  |  |  | USA | UNITED STATES |  |  | USD | US DOLLAR | 3/21/2026 |  |  | 8.04 |  |  |  |  |  | QQQ 260320C0061600 |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 |  | L<br> N |  |  | 2/27/2026<br> C |  | 863;USD | USD | 1000.00 | 1315205.75 | 1315205.75 | 803500.00 | 803500.00 | -511705.75 | -511705.75 | 0.00 | False | 0.00 | N/A | 0.24 | 0.21 | 0.24 | 0.00 |  |  | 431F644C<br> N | MP |
| 863 | Adaptive Alpha Opportunities ETF | 770F674C | QQQ 260320C0063000 |  | QQQ 260320C00630000 | QQQ260320C630.0 |  | UNGROUPED SECURITIES |  | OPTION | OPTION |  |  |  | USA | UNITED STATES |  |  | USD | US DOLLAR | 3/21/2026 |  |  | 2.47 |  |  |  |  |  | QQQ 260320C0063000 |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 |  | S<br> N |  |  | 2/27/2026<br> C |  | 863;USD | USD | -2000.00 | -1648714.50 | -1648714.50 | -493000.00 | -493000.00 | 1155714.50 | 1155714.50 | 0.00 | False | 0.00 | N/A | -0.15 | -0.13 | -0.14 | 0.00 |  |  | 770F674C<br> N | MP |
| 863 | Adaptive Alpha Opportunities ETF | 643F6B00 | QQQ 260320C0063100 |  | QQQ 260320C00631000 | QQQ260320C631.0 |  | UNGROUPED SECURITIES |  | OPTION | OPTION |  |  |  | USA | UNITED STATES |  |  | USD | US DOLLAR | 3/21/2026 |  |  | 2.22 |  |  |  |  |  | QQQ 260320C0063100 |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 |  | L<br> N |  |  | 2/27/2026<br> C |  | 863;USD | USD | 1000.00 | 1976478.75 | 1976478.75 | 221500.00 | 221500.00 | -1754978.75 | -1754978.75 | 0.00 | False | 0.00 | N/A | 0.07 | 0.06 | 0.06 | 0.00 |  |  | 643F6B00<br> N | MP |
| 863 | Adaptive Alpha Opportunities ETF | 673F6B00 | QQQ 260320C0063200 |  | QQQ 260320C00632000 | QQQ260320C632.0 |  | UNGROUPED SECURITIES |  | OPTION | OPTION |  |  |  | USA | UNITED STATES |  |  | USD | US DOLLAR | 3/21/2026 |  |  | 1.99 |  |  |  |  |  | QQQ 260320C0063200 |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 |  | L<br> N |  |  | 2/27/2026<br> C |  | 863;USD | USD | 1500.00 | 2915693.63 | 2915693.63 | 297750.00 | 297750.00 | -2617943.63 | -2617943.63 | 0.00 | False | 0.00 | N/A | 0.09 | 0.08 | 0.09 | 0.00 |  |  | 673F6B00<br> N | MP |
| 863 | Adaptive Alpha Opportunities ETF | 51CZ3Z4C | QQQ 260320P0061600 |  | QQQ 260320P00616000 | QQQ260320P616.0 |  | UNGROUPED SECURITIES |  | OPTION | OPTION |  |  |  | USA | UNITED STATES |  |  | USD | US DOLLAR | 3/21/2026 |  |  | 15.92 |  |  |  |  |  | QQQ 260320P0061600 |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 |  | L<br> N |  |  | 2/27/2026<br> C |  | 863;USD | USD | 1500.00 | 1973890.63 | 1973890.63 | 2387250.00 | 2387250.00 | 413359.37 | 413359.37 | 0.00 | False | 0.00 | N/A | 0.72 | 0.63 | 0.70 | 0.00 |  |  | 51CZ3Z4C<br> N | MP |
| 863 | Adaptive Alpha Opportunities ETF | 4428644C | QQQ 260417C0061600 |  | QQQ 260417C00616000 | QQQ260417C616.0 |  | UNGROUPED SECURITIES |  | OPTION | OPTION |  |  |  | USA | UNITED STATES |  |  | USD | US DOLLAR | 4/18/2026 |  |  | 14.44 |  |  |  |  |  | QQQ 260417C0061600 |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 |  | L<br> N |  |  | 2/27/2026<br> C |  | 863;USD | USD | 500.00 | 992869.88 | 992869.88 | 721750.00 | 721750.00 | -271119.88 | -271119.88 | 0.00 | False | 0.00 | N/A | 0.22 | 0.19 | 0.21 | 0.00 |  |  | 4428644C<br> N | MP |
| 863 | Adaptive Alpha Opportunities ETF | D159344F | QQQ 260417P0058000 |  | QQQ 260417P00580000 | QQQ260417P580.0 |  | UNGROUPED SECURITIES |  | OPTION | OPTION |  |  |  | USA | UNITED STATES |  |  | USD | US DOLLAR | 4/18/2026 |  |  | 10.19 |  |  |  |  |  | QQQ 260417P0058000 |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 |  | S<br> N |  |  | 2/27/2026<br> C |  | 863;USD | USD | -500.00 | -617117.12 | -617117.12 | -509500.00 | -509500.00 | 107617.12 | 107617.12 | 0.00 | False | 0.00 | N/A | -0.15 | -0.13 | -0.15 | 0.00 |  |  | D159344F<br> N | MP |
| 863 | Adaptive Alpha Opportunities ETF | 4429544C | QQQ 260417P0061600 |  | QQQ 260417P00616000 | QQQ260417P616.0 |  | UNGROUPED SECURITIES |  | OPTION | OPTION |  |  |  | USA | UNITED STATES |  |  | USD | US DOLLAR | 4/18/2026 |  |  | 21.55 |  |  |  |  |  | QQQ 260417P0061600 |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 |  | L<br> N |  |  | 2/27/2026<br> C |  | 863;USD | USD | 500.00 | 878838.88 | 878838.88 | 1077500.00 | 1077500.00 | 198661.12 | 198661.12 | 0.00 | False | 0.00 | N/A | 0.32 | 0.28 | 0.32 | 0.00 |  |  | 4429544C<br> N | MP |
| 863 | Adaptive Alpha Opportunities ETF | 105B344F | QQQ 260515P0054000 |  | QQQ 260515P00540000 | QQQ260515P540.0 |  | UNGROUPED SECURITIES |  | OPTION | OPTION |  |  |  | USA | UNITED STATES |  |  | USD | US DOLLAR | 5/16/2026 |  |  | 7.40 |  |  |  |  |  | QQQ 260515P0054000 |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 |  | S<br> N |  |  | 2/27/2026<br> C |  | 863;USD | USD | -1000.00 | -853014.25 | -853014.25 | -739500.00 | -739500.00 | 113514.25 | 113514.25 | 0.00 | False | 0.00 | N/A | -0.22 | -0.19 | -0.22 | 0.00 |  |  | 105B344F<br> N | MP |
| 863 | Adaptive Alpha Opportunities ETF | 452B544C | QQQ 260515P0061600 |  | QQQ 260515P00616000 | QQQ260515P616.0 |  | UNGROUPED SECURITIES |  | OPTION | OPTION |  |  |  | USA | UNITED STATES |  |  | USD | US DOLLAR | 5/16/2026 |  |  | 26.05 |  |  |  |  |  | QQQ 260515P0061600 |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 |  | L<br> N |  |  | 2/27/2026<br> C |  | 863;USD | USD | 500.00 | 1115211.88 | 1115211.88 | 1302500.00 | 1302500.00 | 187288.12 | 187288.12 | 0.00 | False | 0.00 | N/A | 0.39 | 0.34 | 0.38 | 0.00 |  |  | 452B544C<br> N | MP |
| 863 | Adaptive Alpha Opportunities ETF | 1C46464F | QQQ 260918P0054000 |  | QQQ 260918P00540000 | QQQ260918P540.0 |  | UNGROUPED SECURITIES |  | OPTION | OPTION |  |  |  | USA | UNITED STATES |  |  | USD | US DOLLAR | 9/19/2026 |  |  | 18.09 |  |  |  |  |  | QQQ 260918P0054000 |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 |  | S<br> N |  |  | 2/27/2026<br> C |  | 863;USD | USD | -1000.00 | -1878676.25 | -1878676.25 | -1809000.00 | -1809000.00 | 69676.25 | 69676.25 | 0.00 | False | 0.00 | N/A | -0.54 | -0.48 | -0.53 | 0.00 |  |  | 1C46464F<br> N | MP |
| 863 | Adaptive Alpha Opportunities ETF | 5946464C | QQQ 260918P0060500 |  | QQQ 260918P00605000 | QQQ260918P605.0 |  | UNGROUPED SECURITIES |  | OPTION | OPTION |  |  |  | USA | UNITED STATES |  |  | USD | US DOLLAR | 9/19/2026 |  |  | 35.81 |  |  |  |  |  | QQQ 260918P0060500 |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 |  | L<br> N |  |  | 2/27/2026<br> C |  | 863;USD | USD | 500.00 | 1865211.88 | 1865211.88 | 1790500.00 | 1790500.00 | -74711.88 | -74711.88 | 0.00 | False | 0.00 | N/A | 0.54 | 0.47 | 0.52 | 0.00 |  |  | 5946464C<br> N | MP |
| 863 | Adaptive Alpha Opportunities ETF | 38BB574A | RKLB 260227P0005500 |  | RKLB 260227P00055000 | RKLB260227P55.0 |  | UNGROUPED SECURITIES |  | OPTION | OPTION |  |  |  | USA | UNITED STATES |  |  | USD | US DOLLAR | 2/28/2026 |  |  | 0.01 |  |  |  |  |  | RKLB 260227P0005500 |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 |  | S<br> N |  |  | 2/27/2026<br> C |  | 863;USD | USD | -500.00 | -85779.12 | -85779.12 | -250.00 | -250.00 | 85529.12 | 85529.12 | 0.00 | False | 0.00 | N/A | 0.00 | 0.00 | 0.00 | 0.00 |  |  | 38BB574A<br> N | MP |
| 863 | Adaptive Alpha Opportunities ETF | 497D5D07 | RKLB 260320C0012500 |  | RKLB 260320C00125000 | RKLB260320C125. |  | UNGROUPED SECURITIES |  | OPTION | OPTION |  |  |  | USA | UNITED STATES |  |  | USD | US DOLLAR | 3/21/2026 |  |  | 0.15 |  |  |  |  |  | RKLB 260320C0012500 |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 |  | S<br> N |  |  | 2/27/2026<br> C |  | 863;USD | USD | -500.00 | -205988.12 | -205988.12 | -7500.00 | -7500.00 | 198488.12 | 198488.12 | 0.00 | False | 0.00 | N/A | 0.00 | 0.00 | 0.00 | 0.00 |  |  | 497D5D07<br> N | MP |
| 863 | Adaptive Alpha Opportunities ETF | 397C6D06 | RKLB 260320P0005500 |  | RKLB 260320P00055000 | RKLB260320P55.0 |  | UNGROUPED SECURITIES |  | OPTION | OPTION |  |  |  | USA | UNITED STATES |  |  | USD | US DOLLAR | 3/21/2026 |  |  | 1.17 |  |  |  |  |  | RKLB 260320P0005500 |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 |  | S<br> N |  |  | 2/27/2026<br> C |  | 863;USD | USD | -500.00 | -112988.12 | -112988.12 | -58250.00 | -58250.00 | 54738.12 | 54738.12 | 0.00 | False | 0.00 | N/A | -0.02 | -0.02 | -0.02 | 0.00 |  |  | 397C6D06<br> N | MP |
| 863 | Adaptive Alpha Opportunities ETF | 1C3F7806 | SLV 260320C0007500 |  | SLV 260320C00075000 | SLV260320C75.00 |  | UNGROUPED SECURITIES |  | OPTION | OPTION |  |  |  | USA | UNITED STATES |  |  | USD | US DOLLAR | 3/21/2026 |  |  | 12.30 |  |  |  |  |  | SLV 260320C0007500 |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 |  | L<br> N |  |  | 2/27/2026<br> C |  | 863;USD | USD | 250.00 | 233312.94 | 233312.94 | 307500.00 | 307500.00 | 74187.06 | 74187.06 | 0.00 | False | 0.00 | N/A | 0.09 | 0.08 | 0.09 | 0.00 |  |  | 1C3F7806<br> N | MP |
| 863 | Adaptive Alpha Opportunities ETF | 6AAF6B07 | SLV 260320C0010200 |  | SLV 260320C00102000 | SLV260320C102.0 |  | UNGROUPED SECURITIES |  | OPTION | OPTION |  |  |  | USA | UNITED STATES |  |  | USD | US DOLLAR | 3/21/2026 |  |  | 2.12 |  |  |  |  |  | SLV 260320C0010200 |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 |  | L<br> N |  |  | 2/27/2026<br> C |  | 863;USD | USD | 250.00 | 390507.94 | 390507.94 | 53000.00 | 53000.00 | -337507.94 | -337507.94 | 0.00 | False | 0.00 | N/A | 0.02 | 0.01 | 0.02 | 0.00 |  |  | 6AAF6B07<br> N | MP |
| 863 | Adaptive Alpha Opportunities ETF | 6D7F574B | SLV 260320C0010500 |  | SLV 260320C00105000 | SLV260320C105.0 |  | UNGROUPED SECURITIES |  | OPTION | OPTION |  |  |  | USA | UNITED STATES |  |  | USD | US DOLLAR | 3/21/2026 |  |  | 1.77 |  |  |  |  |  | SLV 260320C0010500 |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 |  | S<br> N |  |  | 2/27/2026<br> C |  | 863;USD | USD | -100.00 | -15154.62 | -15154.62 | -17700.00 | -17700.00 | -2545.38 | -2545.38 | 0.00 | False | 0.00 | N/A | -0.01 | 0.00 | -0.01 | 0.00 |  |  | 6D7F574B<br> N | MP |
| 863 | Adaptive Alpha Opportunities ETF | 4DAF6B07 | SLV 260320C0012500 |  | SLV 260320C00125000 | SLV260320C125.0 |  | UNGROUPED SECURITIES |  | OPTION | OPTION |  |  |  | USA | UNITED STATES |  |  | USD | US DOLLAR | 3/21/2026 |  |  | 0.58 |  |  |  |  |  | SLV 260320C0012500 |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 |  | S<br> N |  |  | 2/27/2026<br> C |  | 863;USD | USD | -750.00 | -401582.18 | -401582.18 | -43500.00 | -43500.00 | 358082.18 | 358082.18 | 0.00 | False | 0.00 | N/A | -0.01 | -0.01 | -0.01 | 0.00 |  |  | 4DAF6B07<br> N | MP |
| 863 | Adaptive Alpha Opportunities ETF | 2DAF6B07 | SLV 260320C0014500 |  | SLV 260320C00145000 | SLV260320C145.0 |  | UNGROUPED SECURITIES |  | OPTION | OPTION |  |  |  | USA | UNITED STATES |  |  | USD | US DOLLAR | 3/21/2026 |  |  | 0.27 |  |  |  |  |  | SLV 260320C0014500 |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 |  | S<br> N |  |  | 2/27/2026<br> C |  | 863;USD | USD | -250.00 | -149744.06 | -149744.06 | -6750.00 | -6750.00 | 142994.06 | 142994.06 | 0.00 | False | 0.00 | N/A | 0.00 | 0.00 | 0.00 | 0.00 |  |  | 2DAF6B07<br> N | MP |
| 863 | Adaptive Alpha Opportunities ETF | 193Z5A06 | SLV 260320P0007000 |  | SLV 260320P00070000 | SLV260320P70.00 |  | UNGROUPED SECURITIES |  | OPTION | OPTION |  |  |  | USA | UNITED STATES |  |  | USD | US DOLLAR | 3/21/2026 |  |  | 1.32 |  |  |  |  |  | SLV 260320P0007000 |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 |  | S<br> N |  |  | 2/27/2026<br> C |  | 863;USD | USD | -250.00 | -116294.06 | -116294.06 | -33000.00 | -33000.00 | 83294.06 | 83294.06 | 0.00 | False | 0.00 | N/A | -0.01 | -0.01 | -0.01 | 0.00 |  |  | 193Z5A06<br> N | MP |
| 863 | Adaptive Alpha Opportunities ETF | 19076A06 | SLV 260618C0007500 |  | SLV 260618C00075000 | SLV260618C75.00 |  | UNGROUPED SECURITIES |  | OPTION | OPTION |  |  |  | USA | UNITED STATES |  |  | USD | US DOLLAR | 6/19/2026 |  |  | 19.30 |  |  |  |  |  | SLV 260618C0007500 |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 |  | L<br> N |  |  | 2/27/2026<br> C |  | 863;USD | USD | 1500.00 | 2182035.63 | 2182035.63 | 2895000.00 | 2895000.00 | 712964.37 | 712964.37 | 0.00 | False | 0.00 | N/A | 0.87 | 0.76 | 0.85 | 0.00 |  |  | 19076A06<br> N | MP |
| 863 | Adaptive Alpha Opportunities ETF | ZC076A06 | SLV 260618C0008000 |  | SLV 260618C00080000 | SLV260618C80.00 |  | UNGROUPED SECURITIES |  | OPTION | OPTION |  |  |  | USA | UNITED STATES |  |  | USD | US DOLLAR | 6/19/2026 |  |  | 17.05 |  |  |  |  |  | SLV 260618C0008000 |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 |  | L<br> N |  |  | 2/27/2026<br> C |  | 863;USD | USD | 200.00 | 273404.75 | 273404.75 | 341000.00 | 341000.00 | 67595.25 | 67595.25 | 0.00 | False | 0.00 | N/A | 0.10 | 0.09 | 0.10 | 0.00 |  |  | ZC076A06<br> N | MP |
| 863 | Adaptive Alpha Opportunities ETF | 7F57674B | SLV 260618C0010000 |  | SLV 260618C00100000 | SLV260618C100 |  | UNGROUPED SECURITIES |  | OPTION | OPTION |  |  |  | USA | UNITED STATES |  |  | USD | US DOLLAR | 6/18/2026 |  |  | 10.95 |  |  |  |  |  | SLV 260618C0010000 |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 |  | S<br> N |  |  | 2/27/2026<br> C |  | 863;USD | USD | -2000.00 | -1223952.50 | -1223952.50 | -2190000.00 | -2190000.00 | -966047.50 | -966047.50 | 0.00 | False | 0.00 | N/A | -0.66 | -0.58 | -0.64 | 0.00 |  |  | 7F57674B<br> N | MP |
| 863 | Adaptive Alpha Opportunities ETF | 3C076A07 | SLV 260618C0015000 |  | SLV 260618C00150000 | SLV260618C150.0 |  | UNGROUPED SECURITIES |  | OPTION | OPTION |  |  |  | USA | UNITED STATES |  |  | USD | US DOLLAR | 6/19/2026 |  |  | 4.75 |  |  |  |  |  | SLV 260618C0015000 |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 |  | S<br> N |  |  | 2/27/2026<br> C |  | 863;USD | USD | -200.00 | -69995.25 | -69995.25 | -95000.00 | -95000.00 | -25004.75 | -25004.75 | 0.00 | False | 0.00 | N/A | -0.03 | -0.02 | -0.03 | 0.00 |  |  | 3C076A07<br> N | MP |
| 863 | Adaptive Alpha Opportunities ETF | 1606574A | SLV 260618P0006950 |  | SLV 260618P00069500 | SLV260618P69.5 |  | UNGROUPED SECURITIES |  | OPTION | OPTION |  |  |  | USA | UNITED STATES |  |  | USD | US DOLLAR | 6/18/2026 |  |  | 6.25 |  |  |  |  |  | SLV 260618P0006950 |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 |  | L<br> N |  |  | 2/27/2026<br> C |  | 863;USD | USD | 500.00 | 553011.88 | 553011.88 | 312500.00 | 312500.00 | -240511.88 | -240511.88 | 0.00 | False | 0.00 | N/A | 0.09 | 0.08 | 0.09 | 0.00 |  |  | 1606574A<br> N | MP |
| 863 | Adaptive Alpha Opportunities ETF | 1F0A644B | SLV 270115C0007500 |  | SLV 270115C00075000 | SLV270115C75.00 |  | UNGROUPED SECURITIES |  | OPTION | OPTION |  |  |  | USA | UNITED STATES |  |  | USD | US DOLLAR | 1/16/2027 |  |  | 25.20 |  |  |  |  |  | SLV 270115C0007500 |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 |  | L<br> N |  |  | 2/27/2026<br> C |  | 863;USD | USD | 250.00 | 471255.94 | 471255.94 | 630000.00 | 630000.00 | 158744.06 | 158744.06 | 0.00 | False | 0.00 | N/A | 0.19 | 0.17 | 0.18 | 0.00 |  |  | 1F0A644B<br> N | MP |
| 863 | Adaptive Alpha Opportunities ETF | 4F0A644A | SLV 270115C0012500 |  | SLV 270115C00125000 | SLV270115C125.0 |  | UNGROUPED SECURITIES |  | OPTION | OPTION |  |  |  | USA | UNITED STATES |  |  | USD | US DOLLAR | 1/16/2027 |  |  | 13.45 |  |  |  |  |  | SLV 270115C0012500 |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 |  | S<br> N |  |  | 2/27/2026<br> C |  | 863;USD | USD | -500.00 | -494488.12 | -494488.12 | -672500.00 | -672500.00 | -178011.88 | -178011.88 | 0.00 | False | 0.00 | N/A | -0.20 | -0.18 | -0.20 | 0.00 |  |  | 4F0A644A<br> N | MP |
| 863 | Adaptive Alpha Opportunities ETF | 4ZD8644Z | SMH 260227C0042750 |  | SMH 260227C00427500 | SMH260227C427.5 |  | UNGROUPED SECURITIES |  | OPTION | OPTION |  |  |  | USA | UNITED STATES |  |  | USD | US DOLLAR | 2/28/2026 |  |  | 0.01 |  |  |  |  |  | SMH 260227C0042750 |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 |  | L<br> N |  |  | 2/27/2026<br> C |  | 863;USD | USD | 200.00 | 140831.75 | 140831.75 | 200.00 | 200.00 | -140631.75 | -140631.75 | 0.00 | False | 0.00 | N/A | 0.00 | 0.00 | 0.00 | 0.00 |  |  | 4ZD8644Z<br> N | MP |
| 863 | Adaptive Alpha Opportunities ETF | 4FZC644Z | SMH 260313C0042750 |  | SMH 260313C00427500 | SMH260313C427.5 |  | UNGROUPED SECURITIES |  | OPTION | OPTION |  |  |  | USA | UNITED STATES |  |  | USD | US DOLLAR | 3/14/2026 |  |  | 3.65 |  |  |  |  |  | SMH 260313C0042750 |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 |  | L<br> N |  |  | 2/27/2026<br> C |  | 863;USD | USD | 600.00 | 858614.25 | 858614.25 | 219000.00 | 219000.00 | -639614.25 | -639614.25 | 0.00 | False | 0.00 | N/A | 0.07 | 0.06 | 0.06 | 0.00 |  |  | 4FZC644Z<br> N | MP |
| 863 | Adaptive Alpha Opportunities ETF | FA9F6749 | SMH 260320C0038000 |  | SMH 260320C00380000 | SMH260320C380.0 |  | UNGROUPED SECURITIES |  | OPTION | OPTION |  |  |  | USA | UNITED STATES |  |  | USD | US DOLLAR | 3/21/2026 |  |  | 32.80 |  |  |  |  |  | SMH 260320C0038000 |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 |  | S<br> N |  |  | 2/27/2026<br> C |  | 863;USD | USD | -250.00 | -874184.06 | -874184.06 | -820000.00 | -820000.00 | 54184.06 | 54184.06 | 0.00 | False | 0.00 | N/A | -0.25 | -0.22 | -0.24 | 0.00 |  |  | FA9F6749<br> N | MP |
| 863 | Adaptive Alpha Opportunities ETF | 7A8F544Z | SMH 260320C0040000 |  | SMH 260320C00400000 | SMH260320C400.0 |  | UNGROUPED SECURITIES |  | OPTION | OPTION |  |  |  | USA | UNITED STATES |  |  | USD | US DOLLAR | 3/21/2026 |  |  | 18.85 |  |  |  |  |  | SMH 260320C0040000 |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 |  | L<br> N |  |  | 2/27/2026<br> C |  | 863;USD | USD | 250.00 | 541094.94 | 541094.94 | 471250.00 | 471250.00 | -69844.94 | -69844.94 | 0.00 | False | 0.00 | N/A | 0.14 | 0.12 | 0.14 | 0.00 |  |  | 7A8F544Z<br> N | MP |
| 863 | Adaptive Alpha Opportunities ETF | 7BDF764Z | SMH 260320C0041000 |  | SMH 260320C00410000 | SMH260320C410.0 |  | UNGROUPED SECURITIES |  | OPTION | OPTION |  |  |  | USA | UNITED STATES |  |  | USD | US DOLLAR | 3/21/2026 |  |  | 13.30 |  |  |  |  |  | SMH 260320C0041000 |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 |  | L<br> N |  |  | 2/27/2026<br> C |  | 863;USD | USD | 500.00 | 944511.88 | 944511.88 | 665000.00 | 665000.00 | -279511.88 | -279511.88 | 0.00 | False | 0.00 | N/A | 0.20 | 0.17 | 0.19 | 0.00 |  |  | 7BDF764Z<br> N | MP |
| 863 | Adaptive Alpha Opportunities ETF | ZF8Z6449 | SMH 260320P0039500 |  | SMH 260320P00395000 | SMH260320P395.0 |  | UNGROUPED SECURITIES |  | OPTION | OPTION |  |  |  | USA | UNITED STATES |  |  | USD | US DOLLAR | 3/21/2026 |  |  | 10.35 |  |  |  |  |  | SMH 260320P0039500 |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 |  | S<br> N |  |  | 2/27/2026<br> C |  | 863;USD | USD | -50.00 | -50848.81 | -50848.81 | -51750.00 | -51750.00 | -901.19 | -901.19 | 0.00 | False | 0.00 | N/A | -0.02 | -0.01 | -0.02 | 0.00 |  |  | ZF8Z6449<br> N | MP |
| 863 | Adaptive Alpha Opportunities ETF | 6A5Z3Z4Z | SMH 260320P0041000 |  | SMH 260320P00410000 | SMH260320P410.0 |  | UNGROUPED SECURITIES |  | OPTION | OPTION |  |  |  | USA | UNITED STATES |  |  | USD | US DOLLAR | 3/21/2026 |  |  | 16.25 |  |  |  |  |  | SMH 260320P0041000 |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 |  | L<br> N |  |  | 2/27/2026<br> C |  | 863;USD | USD | 50.00 | 100801.19 | 100801.19 | 81250.00 | 81250.00 | -19551.19 | -19551.19 | 0.00 | False | 0.00 | N/A | 0.02 | 0.02 | 0.02 | 0.00 |  |  | 6A5Z3Z4Z<br> N | MP |
| 863 | Adaptive Alpha Opportunities ETF | 4ACZ674Z | SMH 260320P0042250 |  | SMH 260320P00422500 | SMH260320P422.5 |  | UNGROUPED SECURITIES |  | OPTION | OPTION |  |  |  | USA | UNITED STATES |  |  | USD | US DOLLAR | 3/21/2026 |  |  | 23.10 |  |  |  |  |  | SMH 260320P0042250 |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 |  | L<br> N |  |  | 2/27/2026<br> C |  | 863;USD | USD | 1000.00 | 1811024.75 | 1811024.75 | 2310000.00 | 2310000.00 | 498975.25 | 498975.25 | 0.00 | False | 0.00 | N/A | 0.69 | 0.61 | 0.68 | 0.00 |  |  | 4ACZ674Z<br> N | MP |
| 863 | Adaptive Alpha Opportunities ETF | 7AA8574Z | SMH 260417C0041500 |  | SMH 260417C00415000 | SMH260417C415.0 |  | UNGROUPED SECURITIES |  | OPTION | OPTION |  |  |  | USA | UNITED STATES |  |  | USD | US DOLLAR | 4/18/2026 |  |  | 19.00 |  |  |  |  |  | SMH 260417C0041500 |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 |  | L<br> N |  |  | 2/27/2026<br> C |  | 863;USD | USD | 500.00 | 1298575.88 | 1298575.88 | 950000.00 | 950000.00 | -348575.88 | -348575.88 | 0.00 | False | 0.00 | N/A | 0.28 | 0.25 | 0.28 | 0.00 |  |  | 7AA8574Z<br> N | MP |
| 863 | Adaptive Alpha Opportunities ETF | FFA71749 | SMH 260618C0038000 |  | SMH 260618C00380000 | SMH260618C380.0 |  | UNGROUPED SECURITIES |  | OPTION | OPTION |  |  |  | USA | UNITED STATES |  |  | USD | US DOLLAR | 6/19/2026 |  |  | 51.25 |  |  |  |  |  | SMH 260618C00380000 |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 |  | L<br> N |  |  | 2/27/2026<br> C |  | 863;USD | USD | 427.00 | 1632216.15 | 1632216.15 | 2188375.00 | 2188375.00 | 556158.85 | 556158.85 | 0.00 | False | 0.00 | N/A | 0.66 | 0.58 | 0.64 | 0.00 |  |  | FFA71749<br> N | MP |
| 863 | Adaptive Alpha Opportunities ETF | 78A7574Z | SMH 260618C0041500 |  | SMH 260618C00415000 | SMH260618C415.0 |  | UNGROUPED SECURITIES |  | OPTION | OPTION |  |  |  | USA | UNITED STATES |  |  | USD | US DOLLAR | 6/19/2026 |  |  | 32.30 |  |  |  |  |  | SMH 260618C0041500 |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 |  | L<br> N |  |  | 2/27/2026<br> C |  | 863;USD | USD | 250.00 | 956755.94 | 956755.94 | 807500.00 | 807500.00 | -149255.94 | -149255.94 | 0.00 | False | 0.00 | N/A | 0.24 | 0.21 | 0.24 | 0.00 |  |  | 78A7574Z<br> N | MP |
| 863 | Adaptive Alpha Opportunities ETF | FFA62749 | SMH 260618P0038000 |  | SMH 260618P00380000 | SMH260618P380 |  | UNGROUPED SECURITIES |  | OPTION | OPTION |  |  |  | USA | UNITED STATES |  |  | USD | US DOLLAR | 6/18/2026 |  |  | 22.20 |  |  |  |  |  | SMH 260618P0038000 |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 |  | S<br> N |  |  | 2/27/2026<br> C |  | 863;USD | USD | -73.00 | -188200.74 | -188200.74 | -162060.00 | -162060.00 | 26140.74 | 26140.74 | 0.00 | False | 0.00 | N/A | -0.05 | -0.04 | -0.05 | 0.00 |  |  | FFA62749<br> N | MP |
| 863 | Adaptive Alpha Opportunities ETF | 7FB6644Z | SMH 260618P0040000 |  | SMH 260618P00400000 | SMH260618P400.0 |  | UNGROUPED SECURITIES |  | OPTION | OPTION |  |  |  | USA | UNITED STATES |  |  | USD | US DOLLAR | 6/19/2026 |  |  | 29.90 |  |  |  |  |  | SMH 260618P0040000 |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 |  | L<br> N |  |  | 2/27/2026<br> C |  | 863;USD | USD | 33.00 | 109956.78 | 109956.78 | 98670.00 | 98670.00 | -11286.78 | -11286.78 | 0.00 | False | 0.00 | N/A | 0.03 | 0.03 | 0.03 | 0.00 |  |  | 7FB6644Z<br> N | MP |
| 863 | Adaptive Alpha Opportunities ETF | 7B66574Z | SMH 260618P0041500 |  | SMH 260618P00415000 | SMH260618P415.0 |  | UNGROUPED SECURITIES |  | OPTION | OPTION |  |  |  | USA | UNITED STATES |  |  | USD | US DOLLAR | 6/19/2026 |  |  | 36.95 |  |  |  |  |  | SMH 260618P0041500 |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 |  | L<br> N |  |  | 2/27/2026<br> C |  | 863;USD | USD | 683.00 | 2269668.12 | 2269668.12 | 2523685.00 | 2523685.00 | 254016.88 | 254016.88 | 0.00 | False | 0.00 | N/A | 0.76 | 0.66 | 0.74 | 0.00 |  |  | 7B66574Z<br> N | MP |
| 863 | Adaptive Alpha Opportunities ETF | 48B6544Z | SMH 260618P0042500 |  | SMH 260618P00425000 | SMH260618P425.0 |  | UNGROUPED SECURITIES |  | OPTION | OPTION |  |  |  | USA | UNITED STATES |  |  | USD | US DOLLAR | 6/19/2026 |  |  | 42.00 |  |  |  |  |  | SMH 260618P0042500 |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 |  | L<br> N |  |  | 2/27/2026<br> C |  | 863;USD | USD | 34.00 | 113084.81 | 113084.81 | 142800.00 | 142800.00 | 29715.19 | 29715.19 | 0.00 | False | 0.00 | N/A | 0.04 | 0.04 | 0.04 | 0.00 |  |  | 48B6544Z<br> N | MP |
| 863 | Adaptive Alpha Opportunities ETF | 42A6674Z | SMH 260918P0042000 |  | SMH 260918P00420000 | SMH260918P420.0 |  | UNGROUPED SECURITIES |  | OPTION | OPTION |  |  |  | USA | UNITED STATES |  |  | USD | US DOLLAR | 9/19/2026 |  |  | 50.00 |  |  |  |  |  | SMH 260918P0042000 |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 |  | L<br> N |  |  | 2/27/2026<br> C |  | 863;USD | USD | 200.00 | 893604.75 | 893604.75 | 1000000.00 | 1000000.00 | 106395.25 | 106395.25 | 0.00 | False | 0.00 | N/A | 0.30 | 0.26 | 0.29 | 0.00 |  |  | 42A6674Z<br> N | MP |
| 863 | Adaptive Alpha Opportunities ETF | 59A7574Z | SMH 261218C0042000 |  | SMH 261218C00420000 | SMH261218C420.0 |  | UNGROUPED SECURITIES |  | OPTION | OPTION |  |  |  | USA | UNITED STATES |  |  | USD | US DOLLAR | 12/19/2026 |  |  | 55.25 |  |  |  |  |  | SMH 261218C0042000 |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 |  | L<br> N |  |  | 2/27/2026<br> C |  | 863;USD | USD | 200.00 | 1301611.75 | 1301611.75 | 1105000.00 | 1105000.00 | -196611.75 | -196611.75 | 0.00 | False | 0.00 | N/A | 0.33 | 0.29 | 0.32 | 0.00 |  |  | 59A7574Z<br> N | MP |
| 863 | Adaptive Alpha Opportunities ETF | FCA8674C | SPY 260227C0068900 |  | SPY 260227C00689000 | SPY260227C689.0 |  | UNGROUPED SECURITIES |  | OPTION | OPTION |  |  |  | USA | UNITED STATES |  |  | USD | US DOLLAR | 2/28/2026 |  |  | 0.01 |  |  |  |  |  | SPY 260227C0068900 |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 |  | L<br> N |  |  | 2/27/2026<br> C |  | 863;USD | USD | 1000.00 | 225706.75 | 225706.75 | 500.00 | 500.00 | -225206.75 | -225206.75 | 0.00 | False | 0.00 | N/A | 0.00 | 0.00 | 0.00 | 0.00 |  |  | FCA8674C<br> N | MP |
| 863 | Adaptive Alpha Opportunities ETF | F34F0Z4C | SPY 260320C0069500 |  | SPY 260320C00695000 | SPY260320C695.0 |  | UNGROUPED SECURITIES |  | OPTION | OPTION |  |  |  | USA | UNITED STATES |  |  | USD | US DOLLAR | 3/21/2026 |  |  | 5.77 |  |  |  |  |  | SPY 260320C0069500 |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 |  | L<br> N |  |  | 2/27/2026<br> C |  | 863;USD | USD | 500.00 | 712727.88 | 712727.88 | 288250.00 | 288250.00 | -424477.88 | -424477.88 | 0.00 | False | 0.00 | N/A | 0.09 | 0.08 | 0.08 | 0.00 |  |  | F34F0Z4C<br> N | MP |
| 863 | Adaptive Alpha Opportunities ETF | Z2BZ5B00 | SPY 260320P0069600 |  | SPY 260320P00696000 | SPY260320P696.0 |  | UNGROUPED SECURITIES |  | OPTION | OPTION |  |  |  | USA | UNITED STATES |  |  | USD | US DOLLAR | 3/21/2026 |  |  | 15.05 |  |  |  |  |  | SPY 260320P0069600 |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 |  | L<br> N |  |  | 2/27/2026<br> C |  | 863;USD | USD | 1000.00 | 1305605.75 | 1305605.75 | 1505000.00 | 1505000.00 | 199394.25 | 199394.25 | 0.00 | False | 0.00 | N/A | 0.45 | 0.40 | 0.44 | 0.00 |  |  | Z2BZ5B00<br> N | MP |
| 863 | Adaptive Alpha Opportunities ETF | 885F574A | TLT 260320C0009000 |  | TLT 260320C00090000 | TLT260320C90.00 |  | UNGROUPED SECURITIES |  | OPTION | OPTION |  |  |  | USA | UNITED STATES |  |  | USD | US DOLLAR | 3/21/2026 |  |  | 1.33 |  |  |  |  |  | TLT 260320C0009000 |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 |  | L<br> N |  |  | 2/27/2026<br> C |  | 863;USD | USD | 3000.00 | 270071.25 | 270071.25 | 399000.00 | 399000.00 | 128928.75 | 128928.75 | 0.00 | False | 0.00 | N/A | 0.12 | 0.10 | 0.12 | 0.00 |  |  | 885F574A<br> N | MP |
| 863 | Adaptive Alpha Opportunities ETF | 236F5B02 | TSLA 260320P0042500 |  | TSLA 260320P00425000 | TSLA260320P425. |  | UNGROUPED SECURITIES |  | OPTION | OPTION |  |  |  | USA | UNITED STATES |  |  | USD | US DOLLAR | 3/21/2026 |  |  | 28.58 |  |  |  |  |  | TSLA 260320P0042500 |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 |  | L<br> N |  |  | 2/27/2026<br> C |  | 863;USD | USD | 400.00 | 1056438.50 | 1056438.50 | 1143000.00 | 1143000.00 | 86561.50 | 86561.50 | 0.00 | False | 0.00 | N/A | 0.34 | 0.30 | 0.33 | 0.00 |  |  | 236F5B02<br> N | MP |
| 863 | Adaptive Alpha Opportunities ETF | 21496B03 | TSLA 260417C0052000 |  | TSLA 260417C00520000 | TSLA260417C520. |  | UNGROUPED SECURITIES |  | OPTION | OPTION |  |  |  | USA | UNITED STATES |  |  | USD | US DOLLAR | 4/18/2026 |  |  | 1.69 |  |  |  |  |  | TSLA 260417C0052000 |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 |  | S<br> N |  |  | 2/27/2026<br> C |  | 863;USD | USD | -400.00 | -526343.50 | -526343.50 | -67400.00 | -67400.00 | 458943.50 | 458943.50 | 0.00 | False | 0.00 | N/A | -0.02 | -0.02 | -0.02 | 0.00 |  |  | 21496B03<br> N | MP |
| 863 | Adaptive Alpha Opportunities ETF | 84485B05 | TSLA 260417P0038500 |  | TSLA 260417P00385000 | TSLA260417P385. |  | UNGROUPED SECURITIES |  | OPTION | OPTION |  |  |  | USA | UNITED STATES |  |  | USD | US DOLLAR | 4/18/2026 |  |  | 16.38 |  |  |  |  |  | TSLA 260417P0038500 |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 |  | S<br> N |  |  | 2/27/2026<br> C |  | 863;USD | USD | -400.00 | -620708.50 | -620708.50 | -655000.00 | -655000.00 | -34291.50 | -34291.50 | 0.00 | False | 0.00 | N/A | -0.20 | -0.17 | -0.19 | 0.00 |  |  | 84485B05<br> N | MP |
| 863 | Adaptive Alpha Opportunities ETF | 540F674A | URA 260320C0005100 |  | URA 260320C00051000 | URA260320C51.00 |  | UNGROUPED SECURITIES |  | OPTION | OPTION |  |  |  | USA | UNITED STATES |  |  | USD | US DOLLAR | 3/21/2026 |  |  | 4.85 |  |  |  |  |  | URA 260320C0005100 |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 |  | L<br> N |  |  | 2/27/2026<br> C |  | 863;USD | USD | 500.00 | 206924.88 | 206924.88 | 242500.00 | 242500.00 | 35575.12 | 35575.12 | 0.00 | False | 0.00 | N/A | 0.07 | 0.06 | 0.07 | 0.00 |  |  | 540F674A<br> N | MP |
| 863 | Adaptive Alpha Opportunities ETF | 60Z86B06 | URA 260417C0007000 |  | URA 260417C00070000 | URA260417C70.00 |  | UNGROUPED SECURITIES |  | OPTION | OPTION |  |  |  | USA | UNITED STATES |  |  | USD | US DOLLAR | 4/18/2026 |  |  | 0.78 |  |  |  |  |  | URA 260417C0007000 |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 |  | S<br> N |  |  | 2/27/2026<br> C |  | 863;USD | USD | -500.00 | -132388.12 | -132388.12 | -38750.00 | -38750.00 | 93638.12 | 93638.12 | 0.00 | False | 0.00 | N/A | -0.01 | -0.01 | -0.01 | 0.00 |  |  | 60Z86B06<br> N | MP |
| 863 | Adaptive Alpha Opportunities ETF | 40Z95B06 | URA 260417P0005000 |  | URA 260417P00050000 | URA260417P50.00 |  | UNGROUPED SECURITIES |  | OPTION | OPTION |  |  |  | USA | UNITED STATES |  |  | USD | US DOLLAR | 4/18/2026 |  |  | 2.38 |  |  |  |  |  | URA 260417P0005000 |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 |  | S<br> N |  |  | 2/27/2026<br> C |  | 863;USD | USD | -500.00 | -106388.12 | -106388.12 | -118750.00 | -118750.00 | -12361.88 | -12361.88 | 0.00 | False | 0.00 | N/A | -0.04 | -0.03 | -0.03 | 0.00 |  |  | 40Z95B06<br> N | MP |
| 863 | Adaptive Alpha Opportunities ETF | 5037674A | URA 260618C0005000 |  | URA 260618C00050000 | URA260618C50.00 |  | UNGROUPED SECURITIES |  | OPTION | OPTION |  |  |  | USA | UNITED STATES |  |  | USD | US DOLLAR | 6/19/2026 |  |  | 9.05 |  |  |  |  |  | URA 260618C0005000 |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 |  | L<br> N |  |  | 2/27/2026<br> C |  | 863;USD | USD | 500.00 | 385472.88 | 385472.88 | 452500.00 | 452500.00 | 67027.12 | 67027.12 | 0.00 | False | 0.00 | N/A | 0.14 | 0.12 | 0.13 | 0.00 |  |  | 5037674A<br> N | MP |
| 863 | Adaptive Alpha Opportunities ETF | 7037674A | URA 260618C0007000 |  | URA 260618C00070000 | URA260618C70.00 |  | UNGROUPED SECURITIES |  | OPTION | OPTION |  |  |  | USA | UNITED STATES |  |  | USD | US DOLLAR | 6/19/2026 |  |  | 2.55 |  |  |  |  |  | URA 260618C0007000 |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 |  | S<br> N |  |  | 2/27/2026<br> C |  | 863;USD | USD | -1000.00 | -228976.25 | -228976.25 | -255000.00 | -255000.00 | -26023.75 | -26023.75 | 0.00 | False | 0.00 | N/A | -0.08 | -0.07 | -0.07 | 0.00 |  |  | 7037674A<br> N | MP |
| 863 | Adaptive Alpha Opportunities ETF | 32956B06 | USAR 260618C0002100 |  | USAR 260618C00021000 | USAR260618C21.0 |  | UNGROUPED SECURITIES |  | OPTION | OPTION |  |  |  | USA | UNITED STATES |  |  | USD | US DOLLAR | 6/19/2026 |  |  | 3.18 |  |  |  |  |  | USAR 260618C0002100 |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 |  | L<br> N |  |  | 2/27/2026<br> C |  | 863;USD | USD | 500.00 | 294011.88 | 294011.88 | 158750.00 | 158750.00 | -135261.88 | -135261.88 | 0.00 | False | 0.00 | N/A | 0.05 | 0.04 | 0.05 | 0.00 |  |  | 32956B06<br> N | MP |
| 863 | Adaptive Alpha Opportunities ETF | 24654906 | USAR 260618C0003700 |  | USAR 260618C00037000 | USAR260618C37.0 |  | UNGROUPED SECURITIES |  | OPTION | OPTION |  |  |  | USA | UNITED STATES |  |  | USD | US DOLLAR | 6/19/2026 |  |  | 0.86 |  |  |  |  |  | USAR 260618C0003700 |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 |  | S<br> N |  |  | 2/27/2026<br> C |  | 863;USD | USD | -250.00 | -107244.06 | -107244.06 | -21375.00 | -21375.00 | 85869.06 | 85869.06 | 0.00 | False | 0.00 | N/A | -0.01 | -0.01 | -0.01 | 0.00 |  |  | 24654906<br> N | MP |
| 863 | Adaptive Alpha Opportunities ETF | 53756B06 | USAR 260618C0004000 |  | USAR 260618C00040000 | USAR260618C40.0 |  | UNGROUPED SECURITIES |  | OPTION | OPTION |  |  |  | USA | UNITED STATES |  |  | USD | US DOLLAR | 6/19/2026 |  |  | 0.63 |  |  |  |  |  | USAR 260618C0004000 |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 |  | S<br> N |  |  | 2/27/2026<br> C |  | 863;USD | USD | -250.00 | -98494.06 | -98494.06 | -15625.00 | -15625.00 | 82869.06 | 82869.06 | 0.00 | False | 0.00 | N/A | 0.00 | 0.00 | 0.00 | 0.00 |  |  | 53756B06<br> N | MP |
| 863 | Adaptive Alpha Opportunities ETF | 5B756B06 | USAR 260618C0004800 |  | USAR 260618C00048000 | USAR260618C48.0 |  | UNGROUPED SECURITIES |  | OPTION | OPTION |  |  |  | USA | UNITED STATES |  |  | USD | US DOLLAR | 6/19/2026 |  |  | 0.38 |  |  |  |  |  | USAR 260618C0004800 |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 |  | S<br> N |  |  | 2/27/2026<br> C |  | 863;USD | USD | -250.00 | -67494.06 | -67494.06 | -9375.00 | -9375.00 | 58119.06 | 58119.06 | 0.00 | False | 0.00 | N/A | 0.00 | 0.00 | 0.00 | 0.00 |  |  | 5B756B06<br> N | MP |
| 863 | Adaptive Alpha Opportunities ETF | 04647906 | USAR 260618P0001700 |  | USAR 260618P00017000 | USAR260618P17.0 |  | UNGROUPED SECURITIES |  | OPTION | OPTION |  |  |  | USA | UNITED STATES |  |  | USD | US DOLLAR | 6/19/2026 |  |  | 2.92 |  |  |  |  |  | USAR 260618P0001700 |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 |  | S<br> N |  |  | 2/27/2026<br> C |  | 863;USD | USD | -250.00 | -64494.06 | -64494.06 | -73000.00 | -73000.00 | -8505.94 | -8505.94 | 0.00 | False | 0.00 | N/A | -0.02 | -0.02 | -0.02 | 0.00 |  |  | 04647906<br> N | MP |
| 863 | Adaptive Alpha Opportunities ETF | 0308764B | USAR 270115C0001700 |  | USAR 270115C00017000 | USAR270115C17.0 |  | UNGROUPED SECURITIES |  | OPTION | OPTION |  |  |  | USA | UNITED STATES |  |  | USD | US DOLLAR | 1/16/2027 |  |  | 7.45 |  |  |  |  |  | USAR 270115C0001700 |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 |  | L<br> N |  |  | 2/27/2026<br> C |  | 863;USD | USD | 1000.00 | 608023.75 | 608023.75 | 745000.00 | 745000.00 | 136976.25 | 136976.25 | 0.00 | False | 0.00 | N/A | 0.22 | 0.20 | 0.22 | 0.00 |  |  | 0308764B<br> N | MP |
| 863 | Adaptive Alpha Opportunities ETF | 2458774B | USAR 270115C0002200 |  | USAR 270115C00022000 | USAR270115C22 |  | UNGROUPED SECURITIES |  | OPTION | OPTION |  |  |  | USA | UNITED STATES |  |  | USD | US DOLLAR | 1/15/2027 |  |  | 5.65 |  |  |  |  |  | USAR 270115C0002200 |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 |  | S<br> N |  |  | 2/27/2026<br> C |  | 863;USD | USD | -500.00 | -237988.13 | -237988.13 | -282500.00 | -282500.00 | -44511.87 | -44511.87 | 0.00 | False | 0.00 | N/A | -0.08 | -0.07 | -0.08 | 0.00 |  |  | 2458774B<br> N | MP |
| 863 | Adaptive Alpha Opportunities ETF | 4658774B | USAR 270115C0004000 |  | USAR 270115C00040000 | USAR270115C40 |  | UNGROUPED SECURITIES |  | OPTION | OPTION |  |  |  | USA | UNITED STATES |  |  | USD | US DOLLAR | 1/15/2027 |  |  | 2.84 |  |  |  |  |  | USAR 270115C0004000 |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 |  | S<br> N |  |  | 2/27/2026<br> C |  | 863;USD | USD | -500.00 | -219488.12 | -219488.12 | -142000.00 | -142000.00 | 77488.12 | 77488.12 | 0.00 | False | 0.00 | N/A | -0.04 | -0.04 | -0.04 | 0.00 |  |  | 4658774B<br> N | MP |
| 863 | Adaptive Alpha Opportunities ETF | 6658774B | USAR 270115C0006000 |  | USAR 270115C00060000 | USAR270115C60 |  | UNGROUPED SECURITIES |  | OPTION | OPTION |  |  |  | USA | UNITED STATES |  |  | USD | US DOLLAR | 1/15/2027 |  |  | 1.54 |  |  |  |  |  | USAR 270115C0006000 |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 |  | S<br> N |  |  | 2/27/2026<br> C |  | 863;USD | USD | -500.00 | -151988.12 | -151988.12 | -76750.00 | -76750.00 | 75238.12 | 75238.12 | 0.00 | False | 0.00 | N/A | -0.02 | -0.02 | -0.02 | 0.00 |  |  | 6658774B<br> N | MP |
| 863 | Adaptive Alpha Opportunities ETF | 532F6748 | WDC 260320C0026000 |  | WDC 260320C00260000 | WDC260320C260.0 |  | UNGROUPED SECURITIES |  | OPTION | OPTION |  |  |  | USA | UNITED STATES |  |  | USD | US DOLLAR | 3/21/2026 |  |  | 32.75 |  |  |  |  |  | WDC 260320C0026000 |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 |  | L<br> N |  |  | 2/27/2026<br> C |  | 863;USD | USD | 32.00 | 104586.76 | 104586.76 | 104800.00 | 104800.00 | 213.24 | 213.24 | 0.00 | False | 0.00 | N/A | 0.03 | 0.03 | 0.03 | 0.00 |  |  | 532F6748<br> N | MP |
| 863 | Adaptive Alpha Opportunities ETF | 132F6749 | WDC 260320C0032000 |  | WDC 260320C00320000 | WDC260320C320.0 |  | UNGROUPED SECURITIES |  | OPTION | OPTION |  |  |  | USA | UNITED STATES |  |  | USD | US DOLLAR | 3/21/2026 |  |  | 7.90 |  |  |  |  |  | WDC 260320C0032000 |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 |  | S<br> N |  |  | 2/27/2026<br> C |  | 863;USD | USD | -64.00 | -90408.48 | -90408.48 | -50560.00 | -50560.00 | 39848.48 | 39848.48 | 0.00 | False | 0.00 | N/A | -0.02 | -0.01 | -0.01 | 0.00 |  |  | 132F6749<br> N | MP |
| 863 | Adaptive Alpha Opportunities ETF | C84F4A07 | XHB 260320C0011500 |  | XHB 260320C00115000 | XHB260320C115.0 |  | UNGROUPED SECURITIES |  | OPTION | OPTION |  |  |  | USA | UNITED STATES |  |  | USD | US DOLLAR | 3/21/2026 |  |  | 2.38 |  |  |  |  |  | XHB 260320C0011500 |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 |  | L<br> N |  |  | 2/27/2026<br> C |  | 863;USD | USD | 1000.00 | 506223.75 | 506223.75 | 237500.00 | 237500.00 | -268723.75 | -268723.75 | 0.00 | False | 0.00 | N/A | 0.07 | 0.06 | 0.07 | 0.00 |  |  | C84F4A07<br> N | MP |
| 863 | Adaptive Alpha Opportunities ETF | F94F4A07 | XHB 260320C0012400 |  | XHB 260320C00124000 | XHB260320C124.0 |  | UNGROUPED SECURITIES |  | OPTION | OPTION |  |  |  | USA | UNITED STATES |  |  | USD | US DOLLAR | 3/21/2026 |  |  | 0.36 |  |  |  |  |  | XHB 260320C0012400 |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 |  | S<br> N |  |  | 2/27/2026<br> C |  | 863;USD | USD | -1000.00 | -179776.25 | -179776.25 | -35500.00 | -35500.00 | 144276.25 | 144276.25 | 0.00 | False | 0.00 | N/A | -0.01 | -0.01 | -0.01 | 0.00 |  |  | F94F4A07<br> N | MP |
| 863 | Adaptive Alpha Opportunities ETF | D84Z7A07 | XHB 260320P0010500 |  | XHB 260320P00105000 | XHB260320P105.0 |  | UNGROUPED SECURITIES |  | OPTION | OPTION |  |  |  | USA | UNITED STATES |  |  | USD | US DOLLAR | 3/21/2026 |  |  | 0.67 |  |  |  |  |  | XHB 260320P0010500 |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 |  | S<br> N |  |  | 2/27/2026<br> C |  | 863;USD | USD | -1000.00 | -161276.25 | -161276.25 | -66500.00 | -66500.00 | 94776.25 | 94776.25 | 0.00 | False | 0.00 | N/A | -0.02 | -0.02 | -0.02 | 0.00 |  |  | D84Z7A07<br> N | MP |
| 863 | Adaptive Alpha Opportunities ETF | CD565A07 | XLC 260618P0011000 |  | XLC 260618P00110000 | XLC260618P110.0 |  | UNGROUPED SECURITIES |  | OPTION | OPTION |  |  |  | USA | UNITED STATES |  |  | USD | US DOLLAR | 6/19/2026 |  |  | 2.48 |  |  |  |  |  | XLC 260618P0011000 |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 |  | S<br> N |  |  | 2/27/2026<br> C |  | 863;USD | USD | -1000.00 | -183976.25 | -183976.25 | -247500.00 | -247500.00 | -63523.75 | -63523.75 | 0.00 | False | 0.00 | N/A | -0.07 | -0.07 | -0.07 | 0.00 |  |  | CD565A07<br> N | MP |
| 863 | Adaptive Alpha Opportunities ETF | FD565A07 | XLC 260618P0012000 |  | XLC 260618P00120000 | XLC260618P120.0 |  | UNGROUPED SECURITIES |  | OPTION | OPTION |  |  |  | USA | UNITED STATES |  |  | USD | US DOLLAR | 6/19/2026 |  |  | 5.60 |  |  |  |  |  | XLC 260618P0012000 |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 |  | L<br> N |  |  | 2/27/2026<br> C |  | 863;USD | USD | 1000.00 | 461023.75 | 461023.75 | 560000.00 | 560000.00 | 98976.25 | 98976.25 | 0.00 | False | 0.00 | N/A | 0.17 | 0.15 | 0.16 | 0.00 |  |  | FD565A07<br> N | MP |
| 863 | Adaptive Alpha Opportunities ETF | 8FCF674A | XLE 260320C0005550 |  | XLE 260320C00055500 | XLE260320C55.50 |  | UNGROUPED SECURITIES |  | OPTION | OPTION |  |  |  | USA | UNITED STATES |  |  | USD | US DOLLAR | 3/21/2026 |  |  | 2.05 |  |  |  |  |  | XLE 260320C0005550 |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 |  | L<br> N |  |  | 2/27/2026<br> C |  | 863;USD | USD | 2000.00 | 340047.50 | 340047.50 | 409000.00 | 409000.00 | 68952.50 | 68952.50 | 0.00 | False | 0.00 | N/A | 0.12 | 0.11 | 0.12 | 0.00 |  |  | 8FCF674A<br> N | MP |
| 863 | Adaptive Alpha Opportunities ETF | 8D1Z574A | XLE 260320P0005450 |  | XLE 260320P00054500 | XLE260320P54.50 |  | UNGROUPED SECURITIES |  | OPTION | OPTION |  |  |  | USA | UNITED STATES |  |  | USD | US DOLLAR | 3/21/2026 |  |  | 0.72 |  |  |  |  |  | XLE 260320P0005450 |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 |  | L<br> N |  |  | 2/27/2026<br> C |  | 863;USD | USD | 2000.00 | 302047.50 | 302047.50 | 144000.00 | 144000.00 | -158047.50 | -158047.50 | 0.00 | False | 0.00 | N/A | 0.04 | 0.04 | 0.04 | 0.00 |  |  | 8D1Z574A<br> N | MP |
| 863 | Adaptive Alpha Opportunities ETF | 85A7674A | XLE 260918C0005500 |  | XLE 260918C00055000 | XLE260918C55.00 |  | UNGROUPED SECURITIES |  | OPTION | OPTION |  |  |  | USA | UNITED STATES |  |  | USD | US DOLLAR | 9/19/2026 |  |  | 4.63 |  |  |  |  |  | XLE 260918C0005500 |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 |  | L<br> N |  |  | 2/27/2026<br> C |  | 863;USD | USD | 2000.00 | 910547.50 | 910547.50 | 925000.00 | 925000.00 | 14452.50 | 14452.50 | 0.00 | False | 0.00 | N/A | 0.28 | 0.24 | 0.27 | 0.00 |  |  | 85A7674A<br> N | MP |
| 863 | Adaptive Alpha Opportunities ETF | 8C065A07 | XLV 260618P0015000 |  | XLV 260618P00150000 | XLV260618P150.0 |  | UNGROUPED SECURITIES |  | OPTION | OPTION |  |  |  | USA | UNITED STATES |  |  | USD | US DOLLAR | 6/19/2026 |  |  | 2.73 |  |  |  |  |  | XLV 260618P0015000 |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 |  | S<br> N |  |  | 2/27/2026<br> C |  | 863;USD | USD | -1000.00 | -385976.25 | -385976.25 | -273000.00 | -273000.00 | 112976.25 | 112976.25 | 0.00 | False | 0.00 | N/A | -0.08 | -0.07 | -0.08 | 0.00 |  |  | 8C065A07<br> N | MP |
| 863 | Adaptive Alpha Opportunities ETF | 89065A07 | XLV 260618P0015500 |  | XLV 260618P00155000 | XLV260618P155.0 |  | UNGROUPED SECURITIES |  | OPTION | OPTION |  |  |  | USA | UNITED STATES |  |  | USD | US DOLLAR | 6/19/2026 |  |  | 3.41 |  |  |  |  |  | XLV 260618P0015500 |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 |  | L<br> N |  |  | 2/27/2026<br> C |  | 863;USD | USD | 1000.00 | 573023.75 | 573023.75 | 340500.00 | 340500.00 | -232523.75 | -232523.75 | 0.00 | False | 0.00 | N/A | 0.10 | 0.09 | 0.10 | 0.00 |  |  | 89065A07<br> N | MP |

---

## 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:** Adaptive Alpha Opportunities ETF

- **b. EDGAR series identifier (if any):** S000070423

- **c. LEI of Series:** 549300P51JP3J8J79150

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

- **a. Date of fiscal year-end:** 2026-05-31

- **b. Date as of which information is reported:** 2026-02-28

**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:** $380231140.81

**Total Liabilities:** $38465241.07

**Net Assets:** $341765899.74

**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 C000223904 | -2.59%               | 3.81%                | -0.96%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-1233976.40             | $8618046.86                                |
| Month 2  | $9470961.38              | $626837.02                                 |
| Month 3  | $11958689.85             | $2617959.17                                |

**Designated Index Information**

- **Index Name:** n/a

- **Index Identifier:** n/a

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Apple Inc            | COMMSTCK | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |     12545 | NS      | $3314138.10   | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Albemarle Corp       | COMMSTCK | CUSIP: 012653101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     18640 | NS      | $3330408.80   | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Amazon.com Inc       | COMMSTCK | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |      3585 | NS      | $752850.00    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Archrock Inc         | COMMSTCK | CUSIP: 03957W106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     32772 | NS      | $1157834.76   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Broadcom Inc         | COMMSTCK | CUSIP: 11135F101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       369 | NS      | $117913.95    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Alibaba Group Holdin | COMMSTCK | CUSIP: 01609W102<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |       800 | NS      | $115288.00    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Badger Meter Inc     | COMMSTCK | CUSIP: 056525108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      6482 | NS      | $988051.26    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Boston Scientific Co | COMMSTCK | CUSIP: 101137107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4363 | NS      | $335296.55    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Cboe Global Markets  | COMMSTCK | CUSIP: 12503M108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      9684 | NS      | $2902488.48   | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| CONSTELLATION        | COMMSTCK | CUSIP: 21037T109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1946 | NS      | $641946.48    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Vistance Networks In | COMMSTCK | CUSIP: 20337X109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1267 | NS      | $22261.19     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Carpenter Technology | COMMSTCK | CUSIP: 144285103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       408 | NS      | $162412.56    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Dollar General Corp  | COMMSTCK | CUSIP: 256677105<br>LEI: OPX52SQVOZI8IVSWYU66 | Long             | EC               | CORP              | US        |      1111 | NS      | $173582.64    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Freeport-McMoRan Inc | COMMSTCK | CUSIP: 35671D857<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     24040 | NS      | $1636643.20   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| General Electric Co  | COMMSTCK | CUSIP: 369604301<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      8699 | NS      | $2977319.74   | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| HOWMET AEROSPACE INC | COMMSTCK | CUSIP: 443201108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     51132 | NS      | $13423683.96  | 3.93%             |  |  |  | No            |                  1 | On Loan: No      |
| IES Holdings Inc     | COMMSTCK | CUSIP: 44951W106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5680 | NS      | $2813588.00   | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| IonQ Inc             | COMMSTCK | CUSIP: 46222L108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     17426 | NS      | $668635.62    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan Chase & Co  | COMMSTCK | CUSIP: 46625H100<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EC               | CORP              | US        |     34589 | NS      | $10387076.70  | 3.04%             |  |  |  | No            |                  1 | On Loan: No      |
| KLA-Tencor Corp      | COMMSTCK | CUSIP: 482480100<br>LEI: 549300H0BF5JCG96TJ81 | Long             | EC               | CORP              | US        |      9944 | NS      | $15160125.20  | 4.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Eli Lilly & Co       | COMMSTCK | CUSIP: 532457108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       966 | NS      | $1016222.34   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Lam Research Corp    | COMMSTCK | CUSIP: 512807306<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     49650 | NS      | $11612638.50  | 3.40%             |  |  |  | No            |                  1 | On Loan: No      |
| META PLATFORMS INC.  | COMMSTCK | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |      1372 | NS      | $889302.96    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Microsoft Corp       | COMMSTCK | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |      4760 | NS      | $1869442.40   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Newmont Corp.        | COMMSTCK | CUSIP: 651639106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     61007 | NS      | $7930910.00   | 2.32%             |  |  |  | No            |                  1 | On Loan: No      |
| CLOUDFLARE INC       | COMMSTCK | CUSIP: 18915M107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       984 | NS      | $169434.96    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| NRG Energy Inc       | COMMSTCK | CUSIP: 629377508<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1696 | NS      | $303516.16    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| NVIDIA Corp          | COMMSTCK | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |     63979 | NS      | $11336439.01  | 3.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Novo Nordisk A/S     | COMMSTCK | CUSIP: 670100205<br>LEI: N/A                  | Long             | EC               | CORP              | DK        |      9481 | NS      | $355063.45    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Progressive Corp/The | COMMSTCK | CUSIP: 743315103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |         4 | NS      | $854.64       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Palantir Technologie | COMMSTCK | CUSIP: 69608A108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     23910 | NS      | $3280212.90   | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Reddit Inc           | COMMSTCK | CUSIP: 75734B100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       287 | NS      | $41847.47     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Rigetti Computing In | COMMSTCK | CUSIP: 76655K103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     25296 | NS      | $440656.32    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Rocket Lab USA Inc   | COMMSTCK | CUSIP: 773121108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    100443 | NS      | $6940611.30   | 2.03%             |  |  |  | No            |                  1 | On Loan: No      |
| AT&T Inc             | COMMSTCK | CUSIP: 00206R102<br>LEI: 549300Z40J86GGSTL398 | Long             | EC               | CORP              | US        |    124680 | NS      | $3492286.80   | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Tesla Inc            | COMMSTCK | CUSIP: 88160R101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     15367 | NS      | $6185371.17   | 1.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Vistra Energy Corp   | COMMSTCK | CUSIP: 92840M102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     82383 | NS      | $14325579.87  | 4.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Western Digital Corp | COMMSTCK | CUSIP: 958102105<br>LEI: 549300QQXOOYEF89IC56 | Long             | EC               | CORP              | US        |      9782 | NS      | $2736025.40   | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Zeta Global Holdings | COMMSTCK | CUSIP: 98956A105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       552 | NS      | $9356.40      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Global X MSCI Argent | ETF      | CUSIP: 37950E259<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     23361 | NS      | $2096883.36   | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Global X MSCI Colomb | ETF      | CUSIP: 37954Y327<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     16382 | NS      | $637587.44    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares MSCI Chile E | ETF      | CUSIP: 464286640<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     47160 | NS      | $2051460.00   | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares MSCI Finland | ETF      | CUSIP: 46429B515<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     47160 | NS      | $2411290.80   | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares MSCI Poland  | ETF      | CUSIP: 46429B606<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     51364 | NS      | $1958509.32   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares MSCI Peru an | ETF      | CUSIP: 464289842<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     47280 | NS      | $4436755.20   | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| ISHARES MSCI AUSTRIA | ETF      | CUSIP: 464286202<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    125000 | NS      | $4736250.00   | 1.39%             |  |  |  | No            |                  1 | On Loan: No      |
| ISHARES MSCI S KOREA | ETF      | CUSIP: 464286772<br>LEI: GR1QY1XUY5M0EJSI5J57 | Long             | EC               | CORP              | US        |     47280 | NS      | $7156773.60   | 2.09%             |  |  |  | No            |                  1 | On Loan: No      |
| SPDR Gold Shares     | ETF      | CUSIP: 78463V107<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | EC               | CORP              | US        |     13907 | NS      | $6727511.25   | 1.97%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares U.S. Insuran | ETF      | CUSIP: 464288786<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     47160 | NS      | $6440641.20   | 1.88%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares Bitcoin Trus | ETF      | CUSIP: 46438F101<br>LEI: N/A                  | Short            | EC               | CORP              | US        |     -8000 | NS      | $-297520.00   | -0.09%            |  |  |  | No            |                  1 | On Loan: No      |
| iShares Russell 2000 | ETF      | CUSIP: 464287655<br>LEI: 549300O80OAR5VTWR172 | Long             | EC               | CORP              | US        |     51663 | NS      | $13505224.83  | 3.95%             |  |  |  | No            |                  1 | On Loan: No      |
| State Street SPDR    | ETF      | CUSIP: 78464A771<br>LEI: 549300BBJPWNKDPREW36 | Long             | EC               | CORP              | US        |     26328 | NS      | $3814927.20   | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Invesco Dynamic Phar | ETF      | CUSIP: 46137V662<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     47160 | NS      | $5110729.20   | 1.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Invesco QQQ Trust Se | ETF      | CUSIP: 46090E103<br>LEI: 549300VY6FEJBCIMET58 | Short            | EC               | CORP              | US        |    -18303 | NS      | $-11115228.87 | -3.25%            |  |  |  | No            |                  1 | On Loan: No      |
| iShares Silver Trust | ETF      | CUSIP: 46428Q109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     47860 | NS      | $4067621.40   | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| VanEck Vectors Semic | ETF      | CUSIP: 92189F676<br>LEI: 549300MJTG2N9QRH7I02 | Long             | EC               | CORP              | US        |     57232 | NS      | $23257367.84  | 6.81%             |  |  |  | No            |                  1 | On Loan: No      |
| State Street SPDR    | ETF      | CUSIP: 78462F103<br>LEI: 549300NZAMSJ8FXPQQ63 | Long             | EC               | CORP              | US        |     14720 | NS      | $10097772.80  | 2.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Vanguard Financials  | ETF      | CUSIP: 92204A405<br>LEI: 549300MP6BT0L4Q61L10 | Long             | EC               | CORP              | US        |     68965 | NS      | $8659245.40   | 2.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Vanguard FTSE Europe | ETF      | CUSIP: 922042874<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     66767 | NS      | $6020380.39   | 1.76%             |  |  |  | No            |                  1 | On Loan: No      |
| State Street SPDR    | ETF      | CUSIP: 78464A631<br>LEI: 5493006TZ0473G1GOE68 | Long             | EC               | CORP              | US        |     13804 | NS      | $3905703.76   | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Materials Select Sec | ETF      | CUSIP: 81369Y100<br>LEI: 549300N81BAQ1XPGBT65 | Long             | EC               | CORP              | US        |     46217 | NS      | $2468449.97   | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Communication Servic | ETF      | CUSIP: 81369Y852<br>LEI: 549300RPODKQJE2HDW24 | Long             | EC               | CORP              | US        |     98078 | NS      | $11578107.90  | 3.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Financial Select Sec | ETF      | CUSIP: 81369Y605<br>LEI: 549300Y12KQ6ZG08NY28 | Long             | EC               | CORP              | US        |    142397 | NS      | $7323477.71   | 2.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Technology Select Se | ETF      | CUSIP: 81369Y803<br>LEI: 549300BR5T0JNM2MW070 | Long             | EC               | CORP              | US        |     19356 | NS      | $2685838.56   | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Consumer Staples Sel | ETF      | CUSIP: 81369Y308<br>LEI: 549300Z52QUV3UXHLA68 | Long             | EC               | CORP              | US        |     28086 | NS      | $2528020.86   | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Health Care Select S | ETF      | CUSIP: 81369Y209<br>LEI: 549300EJNY3KKJHPOY44 | Long             | EC               | CORP              | US        |     95490 | NS      | $15297498.00  | 4.48%             |  |  |  | No            |                  1 | On Loan: No      |
| SPDR NYSE Technology | ETF      | CUSIP: 78464A102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     19408 | NS      | $5210659.84   | 1.52%             |  |  |  | No            |                  1 | On Loan: No      |
| DREYFUS TR SEC       | MONEYMKT | CUSIP: 261941306<br>LEI: 549300U78VESCW509025 | Long             | STIV             |  | US        |   7277847 | NS      | $7277847.00   | 2.13%             |  |  |  | No            |                  1 | On Loan: No      |
| USA Rare Earth Inc   | OPTION   | CUSIP: 91733P107<br>LEI: N/A                  | Long             | DE               |  | US        |      1000 | NC      | $745000.00    | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| USA Rare Earth Inc   | OPTION   | CUSIP: 91733P107<br>LEI: N/A                  | Short            | DE               |  | US        |      -250 | NC      | $-73000.00    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| Lam Research Corp    | OPTION   | CUSIP: 512807306<br>LEI: N/A                  | Short            | DE               |  | US        |      -500 | NC      | $-118000.00   | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| Aerovironment Inc    | OPTION   | CUSIP: 008073108<br>LEI: N/A                  | Short            | DE               |  | US        |      -500 | NC      | $-815000.00   | -0.24%            |  |  |  | No            |                  2 | On Loan: No      |
| Palantir Technologie | OPTION   | CUSIP: 69608A108<br>LEI: N/A                  | Long             | DE               |  | US        |       300 | NC      | $535500.00    | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Invesco QQQ Trust Se | OPTION   | CUSIP: 46090E103<br>LEI: N/A                  | Short            | DE               |  | US        |     -1000 | NC      | $-739500.00   | -0.22%            |  |  |  | No            |                  2 | On Loan: No      |
| Western Digital Corp | OPTION   | CUSIP: 958102105<br>LEI: N/A                  | Short            | DE               |  | US        |       -64 | NC      | $-50560.00    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| General Electric Co  | OPTION   | CUSIP: 369604301<br>LEI: N/A                  | Long             | DE               |  | US        |       300 | NC      | $762000.00    | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| General Electric Co  | OPTION   | CUSIP: 369604301<br>LEI: N/A                  | Long             | DE               |  | US        |       500 | NC      | $181250.00    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| iShares Silver Trust | OPTION   | CUSIP: 46428Q109<br>LEI: N/A                  | Long             | DE               |  | US        |       500 | NC      | $312500.00    | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| iShares Silver Trust | OPTION   | CUSIP: 46428Q109<br>LEI: N/A                  | Long             | DE               |  | US        |      1500 | NC      | $2895000.00   | 0.85%             |  |  |  | No            |                  2 | On Loan: No      |
| iShares Silver Trust | OPTION   | CUSIP: 46428Q109<br>LEI: N/A                  | Short            | DE               |  | US        |      -250 | NC      | $-33000.00    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| iShares Silver Trust | OPTION   | CUSIP: 46428Q109<br>LEI: N/A                  | Long             | DE               |  | US        |       250 | NC      | $307500.00    | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Invesco QQQ Trust Se | OPTION   | CUSIP: 46090E103<br>LEI: N/A                  | Short            | DE               |  | US        |     -1000 | NC      | $-1809000.00  | -0.53%            |  |  |  | No            |                  2 | On Loan: No      |
| iShares Silver Trust | OPTION   | CUSIP: 46428Q109<br>LEI: N/A                  | Long             | DE               |  | US        |       250 | NC      | $630000.00    | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| Tesla Inc            | OPTION   | CUSIP: 88160R101<br>LEI: N/A                  | Short            | DE               |  | US        |      -400 | NC      | $-67400.00    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| NVIDIA Corp          | OPTION   | CUSIP: 67066G104<br>LEI: N/A                  | Long             | DE               |  | US        |       500 | NC      | $1063750.00   | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| Tesla Inc            | OPTION   | CUSIP: 88160R101<br>LEI: N/A                  | Long             | DE               |  | US        |       400 | NC      | $1143000.00   | 0.33%             |  |  |  | No            |                  2 | On Loan: No      |
| NVIDIA Corp          | OPTION   | CUSIP: 67066G104<br>LEI: N/A                  | Long             | DE               |  | US        |      2000 | NC      | $2815000.00   | 0.82%             |  |  |  | No            |                  2 | On Loan: No      |
| NVIDIA Corp          | OPTION   | CUSIP: 67066G104<br>LEI: N/A                  | Long             | DE               |  | US        |      2000 | NC      | $820000.00    | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| USA Rare Earth Inc   | OPTION   | CUSIP: 91733P107<br>LEI: N/A                  | Short            | DE               |  | US        |      -500 | NC      | $-282500.00   | -0.08%            |  |  |  | No            |                  2 | On Loan: No      |
| USA Rare Earth Inc   | OPTION   | CUSIP: 91733P107<br>LEI: N/A                  | Short            | DE               |  | US        |      -250 | NC      | $-21375.00    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| General Electric Co  | OPTION   | CUSIP: 369604301<br>LEI: N/A                  | Long             | DE               |  | US        |        34 | NC      | $145435.00    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| iShares Silver Trust | OPTION   | CUSIP: 46428Q109<br>LEI: N/A                  | Short            | DE               |  | US        |      -250 | NC      | $-6750.00     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| USA Rare Earth Inc   | OPTION   | CUSIP: 91733P107<br>LEI: N/A                  | Long             | DE               |  | US        |       500 | NC      | $158750.00    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| NVIDIA Corp          | OPTION   | CUSIP: 67066G104<br>LEI: N/A                  | Long             | DE               |  | US        |       500 | NC      | $1363750.00   | 0.40%             |  |  |  | No            |                  2 | On Loan: No      |
| Rocket Lab USA Inc   | OPTION   | CUSIP: 773121108<br>LEI: N/A                  | Short            | DE               |  | US        |      -500 | NC      | $-250.00      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Rocket Lab USA Inc   | OPTION   | CUSIP: 773121108<br>LEI: N/A                  | Short            | DE               |  | US        |      -500 | NC      | $-58250.00    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| iShares Silver Trust | OPTION   | CUSIP: 46428Q109<br>LEI: N/A                  | Short            | DE               |  | US        |      -200 | NC      | $-95000.00    | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| Invesco QQQ Trust Se | OPTION   | CUSIP: 46090E103<br>LEI: N/A                  | Short            | DE               |  | US        |      -500 | NC      | $-250.00      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Global X Uranium ETF | OPTION   | CUSIP: 37954Y871<br>LEI: N/A                  | Short            | DE               |  | US        |      -500 | NC      | $-118750.00   | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| Invesco QQQ Trust Se | OPTION   | CUSIP: 46090E103<br>LEI: N/A                  | Long             | DE               |  | US        |      1000 | NC      | $1395500.00   | 0.41%             |  |  |  | No            |                  2 | On Loan: No      |
| Invesco QQQ Trust Se | OPTION   | CUSIP: 46090E103<br>LEI: N/A                  | Long             | DE               |  | US        |      1000 | NC      | $910500.00    | 0.27%             |  |  |  | No            |                  2 | On Loan: No      |
| Invesco QQQ Trust Se | OPTION   | CUSIP: 46090E103<br>LEI: N/A                  | Long             | DE               |  | US        |       500 | NC      | $250.00       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| VanEck Vectors Semic | OPTION   | CUSIP: 92189F676<br>LEI: N/A                  | Long             | DE               |  | US        |       200 | NC      | $1000000.00   | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| Invesco QQQ Trust Se | OPTION   | CUSIP: 46090E103<br>LEI: N/A                  | Long             | DE               |  | US        |      1000 | NC      | $803500.00    | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| Invesco QQQ Trust Se | OPTION   | CUSIP: 46090E103<br>LEI: N/A                  | Long             | DE               |  | US        |       500 | NC      | $721750.00    | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| Invesco QQQ Trust Se | OPTION   | CUSIP: 46090E103<br>LEI: N/A                  | Long             | DE               |  | US        |       500 | NC      | $1077500.00   | 0.32%             |  |  |  | No            |                  2 | On Loan: No      |
| Invesco QQQ Trust Se | OPTION   | CUSIP: 46090E103<br>LEI: N/A                  | Long             | DE               |  | US        |       500 | NC      | $1302500.00   | 0.38%             |  |  |  | No            |                  2 | On Loan: No      |
| USA Rare Earth Inc   | OPTION   | CUSIP: 91733P107<br>LEI: N/A                  | Short            | DE               |  | US        |      -500 | NC      | $-142000.00   | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| VanEck Vectors Semic | OPTION   | CUSIP: 92189F676<br>LEI: N/A                  | Long             | DE               |  | US        |        34 | NC      | $142800.00    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Rocket Lab USA Inc   | OPTION   | CUSIP: 773121108<br>LEI: N/A                  | Short            | DE               |  | US        |      -500 | NC      | $-7500.00     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| VanEck Vectors Semic | OPTION   | CUSIP: 92189F676<br>LEI: N/A                  | Long             | DE               |  | US        |      1000 | NC      | $2310000.00   | 0.68%             |  |  |  | No            |                  2 | On Loan: No      |
| iShares Silver Trust | OPTION   | CUSIP: 46428Q109<br>LEI: N/A                  | Short            | DE               |  | US        |      -750 | NC      | $-43500.00    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| iShares Silver Trust | OPTION   | CUSIP: 46428Q109<br>LEI: N/A                  | Short            | DE               |  | US        |      -500 | NC      | $-672500.00   | -0.20%            |  |  |  | No            |                  2 | On Loan: No      |
| Invesco QQQ Trust Se | OPTION   | CUSIP: 46090E103<br>LEI: N/A                  | Short            | DE               |  | US        |      -500 | NC      | $-634250.00   | -0.19%            |  |  |  | No            |                  2 | On Loan: No      |
| VanEck Vectors Semic | OPTION   | CUSIP: 92189F676<br>LEI: N/A                  | Long             | DE               |  | US        |       600 | NC      | $219000.00    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| VanEck Vectors Semic | OPTION   | CUSIP: 92189F676<br>LEI: N/A                  | Long             | DE               |  | US        |       200 | NC      | $200.00       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Global X Uranium ETF | OPTION   | CUSIP: 37954Y871<br>LEI: N/A                  | Long             | DE               |  | US        |       500 | NC      | $452500.00    | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Invesco QQQ Trust Se | OPTION   | CUSIP: 46090E103<br>LEI: N/A                  | Long             | DE               |  | US        |      1500 | NC      | $2387250.00   | 0.70%             |  |  |  | No            |                  2 | On Loan: No      |
| Aerovironment Inc    | OPTION   | CUSIP: 008073108<br>LEI: N/A                  | Short            | DE               |  | US        |      -200 | NC      | $-426000.00   | -0.12%            |  |  |  | No            |                  2 | On Loan: No      |
| Western Digital Corp | OPTION   | CUSIP: 958102105<br>LEI: N/A                  | Long             | DE               |  | US        |        32 | NC      | $104800.00    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| USA Rare Earth Inc   | OPTION   | CUSIP: 91733P107<br>LEI: N/A                  | Short            | DE               |  | US        |      -250 | NC      | $-15625.00    | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Global X Uranium ETF | OPTION   | CUSIP: 37954Y871<br>LEI: N/A                  | Long             | DE               |  | US        |       500 | NC      | $242500.00    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Freeport-McMoRan Inc | OPTION   | CUSIP: 35671D857<br>LEI: N/A                  | Long             | DE               |  | US        |       500 | NC      | $467500.00    | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Invesco QQQ Trust Se | OPTION   | CUSIP: 46090E103<br>LEI: N/A                  | Long             | DE               |  | US        |       500 | NC      | $1790500.00   | 0.52%             |  |  |  | No            |                  2 | On Loan: No      |
| VanEck Vectors Semic | OPTION   | CUSIP: 92189F676<br>LEI: N/A                  | Long             | DE               |  | US        |       200 | NC      | $1105000.00   | 0.32%             |  |  |  | No            |                  2 | On Loan: No      |
| HOWMET AEROSPACE INC | OPTION   | CUSIP: 443201108<br>LEI: N/A                  | Short            | DE               |  | US        |      -200 | NC      | $-86000.00    | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| USA Rare Earth Inc   | OPTION   | CUSIP: 91733P107<br>LEI: N/A                  | Short            | DE               |  | US        |      -250 | NC      | $-9375.00     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Invesco QQQ Trust Se | OPTION   | CUSIP: 46090E103<br>LEI: N/A                  | Long             | DE               |  | US        |       500 | NC      | $750.00       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| SPDR Gold Shares     | OPTION   | CUSIP: 78463V107<br>LEI: N/A                  | Long             | DE               |  | US        |       250 | NC      | $1503125.00   | 0.44%             |  |  |  | No            |                  2 | On Loan: No      |
| SPDR Gold Shares     | OPTION   | CUSIP: 78463V107<br>LEI: N/A                  | Long             | DE               |  | US        |       250 | NC      | $942500.00    | 0.28%             |  |  |  | No            |                  2 | On Loan: No      |
| Global X Uranium ETF | OPTION   | CUSIP: 37954Y871<br>LEI: N/A                  | Short            | DE               |  | US        |      -500 | NC      | $-38750.00    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Invesco QQQ Trust Se | OPTION   | CUSIP: 46090E103<br>LEI: N/A                  | Long             | DE               |  | US        |      1000 | NC      | $221500.00    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| USA Rare Earth Inc   | OPTION   | CUSIP: 91733P107<br>LEI: N/A                  | Short            | DE               |  | US        |      -500 | NC      | $-76750.00    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| Invesco QQQ Trust Se | OPTION   | CUSIP: 46090E103<br>LEI: N/A                  | Long             | DE               |  | US        |      1500 | NC      | $297750.00    | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Global X Copper Mine | OPTION   | CUSIP: 37954Y830<br>LEI: N/A                  | Short            | DE               |  | US        |     -1000 | NC      | $-315000.00   | -0.09%            |  |  |  | No            |                  2 | On Loan: No      |
| VanEck Vectors Semic | OPTION   | CUSIP: 92189F676<br>LEI: N/A                  | Long             | DE               |  | US        |        50 | NC      | $81250.00     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Palantir Technologie | OPTION   | CUSIP: 69608A108<br>LEI: N/A                  | Short            | DE               |  | US        |      -300 | NC      | $-326250.00   | -0.10%            |  |  |  | No            |                  2 | On Loan: No      |
| iShares Silver Trust | OPTION   | CUSIP: 46428Q109<br>LEI: N/A                  | Long             | DE               |  | US        |       250 | NC      | $53000.00     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| iShares Silver Trust | OPTION   | CUSIP: 46428Q109<br>LEI: N/A                  | Short            | DE               |  | US        |      -100 | NC      | $-17700.00    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Global X Uranium ETF | OPTION   | CUSIP: 37954Y871<br>LEI: N/A                  | Short            | DE               |  | US        |     -1000 | NC      | $-255000.00   | -0.07%            |  |  |  | No            |                  2 | On Loan: No      |
| Invesco QQQ Trust Se | OPTION   | CUSIP: 46090E103<br>LEI: N/A                  | Short            | DE               |  | US        |     -2000 | NC      | $-493000.00   | -0.14%            |  |  |  | No            |                  2 | On Loan: No      |
| VanEck Vectors Semic | OPTION   | CUSIP: 92189F676<br>LEI: N/A                  | Long             | DE               |  | US        |       250 | NC      | $807500.00    | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| VanEck Vectors Semic | OPTION   | CUSIP: 92189F676<br>LEI: N/A                  | Long             | DE               |  | US        |       250 | NC      | $471250.00    | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| VanEck Vectors Semic | OPTION   | CUSIP: 92189F676<br>LEI: N/A                  | Long             | DE               |  | US        |       500 | NC      | $950000.00    | 0.28%             |  |  |  | No            |                  2 | On Loan: No      |
| VanEck Vectors Semic | OPTION   | CUSIP: 92189F676<br>LEI: N/A                  | Long             | DE               |  | US        |       683 | NC      | $2523685.00   | 0.74%             |  |  |  | No            |                  2 | On Loan: No      |
| VanEck Vectors Semic | OPTION   | CUSIP: 92189F676<br>LEI: N/A                  | Long             | DE               |  | US        |       500 | NC      | $665000.00    | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| SPDR Gold Shares     | OPTION   | CUSIP: 78463V107<br>LEI: N/A                  | Long             | DE               |  | US        |       500 | NC      | $670000.00    | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Global X Copper Mine | OPTION   | CUSIP: 37954Y830<br>LEI: N/A                  | Long             | DE               |  | US        |       500 | NC      | $31250.00     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| iShares Silver Trust | OPTION   | CUSIP: 46428Q109<br>LEI: N/A                  | Short            | DE               |  | US        |     -2000 | NC      | $-2190000.00  | -0.64%            |  |  |  | No            |                  2 | On Loan: No      |
| VanEck Vectors Semic | OPTION   | CUSIP: 92189F676<br>LEI: N/A                  | Long             | DE               |  | US        |        33 | NC      | $98670.00     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| HOWMET AEROSPACE INC | OPTION   | CUSIP: 443201108<br>LEI: N/A                  | Long             | DE               |  | US        |       150 | NC      | $28125.00     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| iShares Bitcoin Trus | OPTION   | CUSIP: 46438F101<br>LEI: N/A                  | Short            | DE               |  | US        |     -2000 | NC      | $-546000.00   | -0.16%            |  |  |  | No            |                  2 | On Loan: No      |
| Tesla Inc            | OPTION   | CUSIP: 88160R101<br>LEI: N/A                  | Short            | DE               |  | US        |      -400 | NC      | $-655000.00   | -0.19%            |  |  |  | No            |                  2 | On Loan: No      |
| Energy Select Sector | OPTION   | CUSIP: 81369Y506<br>LEI: N/A                  | Long             | DE               |  | US        |      2000 | NC      | $925000.00    | 0.27%             |  |  |  | No            |                  2 | On Loan: No      |
| iShares 20+ Year Tre | OPTION   | CUSIP: 464287432<br>LEI: N/A                  | Long             | DE               |  | US        |      3000 | NC      | $399000.00    | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Health Care Select S | OPTION   | CUSIP: 81369Y209<br>LEI: N/A                  | Long             | DE               |  | US        |      1000 | NC      | $340500.00    | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| KLA-Tencor Corp      | OPTION   | CUSIP: 482480100<br>LEI: N/A                  | Long             | DE               |  | US        |       100 | NC      | $517500.00    | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Eli Lilly & Co       | OPTION   | CUSIP: 532457108<br>LEI: N/A                  | Short            | DE               |  | US        |      -100 | NC      | $-28050.00    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Eli Lilly & Co       | OPTION   | CUSIP: 532457108<br>LEI: N/A                  | Long             | DE               |  | US        |       100 | NC      | $168000.00    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Health Care Select S | OPTION   | CUSIP: 81369Y209<br>LEI: N/A                  | Short            | DE               |  | US        |     -1000 | NC      | $-273000.00   | -0.08%            |  |  |  | No            |                  2 | On Loan: No      |
| Energy Select Sector | OPTION   | CUSIP: 81369Y506<br>LEI: N/A                  | Long             | DE               |  | US        |      2000 | NC      | $144000.00    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Energy Select Sector | OPTION   | CUSIP: 81369Y506<br>LEI: N/A                  | Long             | DE               |  | US        |      2000 | NC      | $409000.00    | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| HOWMET AEROSPACE INC | OPTION   | CUSIP: 443201108<br>LEI: N/A                  | Long             | DE               |  | US        |       100 | NC      | $171000.00    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| HOWMET AEROSPACE INC | OPTION   | CUSIP: 443201108<br>LEI: N/A                  | Long             | DE               |  | US        |       500 | NC      | $57500.00     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Newmont Corp.        | OPTION   | CUSIP: 651639106<br>LEI: N/A                  | Long             | DE               |  | US        |       450 | NC      | $185625.00    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| iShares Bitcoin Trus | OPTION   | CUSIP: 46438F101<br>LEI: N/A                  | Long             | DE               |  | US        |       500 | NC      | $121250.00    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| iShares Bitcoin Trus | OPTION   | CUSIP: 46438F101<br>LEI: N/A                  | Short            | DE               |  | US        |      -500 | NC      | $-48000.00    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Lam Research Corp    | OPTION   | CUSIP: 512807306<br>LEI: N/A                  | Short            | DE               |  | US        |      -300 | NC      | $-376500.00   | -0.11%            |  |  |  | No            |                  2 | On Loan: No      |
| SPDR Gold Shares     | OPTION   | CUSIP: 78463V107<br>LEI: N/A                  | Long             | DE               |  | US        |       300 | NC      | $1035750.00   | 0.30%             |  |  |  | No            |                  2 | On Loan: No      |
| iShares Russell 2000 | OPTION   | CUSIP: 464287655<br>LEI: N/A                  | Long             | DE               |  | US        |      1000 | NC      | $452000.00    | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Freeport-McMoRan Inc | OPTION   | CUSIP: 35671D857<br>LEI: N/A                  | Short            | DE               |  | US        |      -500 | NC      | $-187500.00   | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| Newmont Corp.        | OPTION   | CUSIP: 651639106<br>LEI: N/A                  | Short            | DE               |  | US        |      -250 | NC      | $-21625.00    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| HOWMET AEROSPACE INC | OPTION   | CUSIP: 443201108<br>LEI: N/A                  | Short            | DE               |  | US        |      -200 | NC      | $-656000.00   | -0.19%            |  |  |  | No            |                  2 | On Loan: No      |
| Lam Research Corp    | OPTION   | CUSIP: 512807306<br>LEI: N/A                  | Long             | DE               |  | US        |       250 | NC      | $1250.00      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Lam Research Corp    | OPTION   | CUSIP: 512807306<br>LEI: N/A                  | Long             | DE               |  | US        |       250 | NC      | $298750.00    | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Lam Research Corp    | OPTION   | CUSIP: 512807306<br>LEI: N/A                  | Long             | DE               |  | US        |       500 | NC      | $891250.00    | 0.26%             |  |  |  | No            |                  2 | On Loan: No      |
| SPDR S&P Homebuilder | OPTION   | CUSIP: 78464A888<br>LEI: N/A                  | Long             | DE               |  | US        |      1000 | NC      | $237500.00    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Eli Lilly & Co       | OPTION   | CUSIP: 532457108<br>LEI: N/A                  | Short            | DE               |  | US        |      -100 | NC      | $-16600.00    | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| KLA-Tencor Corp      | OPTION   | CUSIP: 482480100<br>LEI: N/A                  | Short            | DE               |  | US        |      -100 | NC      | $-735000.00   | -0.22%            |  |  |  | No            |                  2 | On Loan: No      |
| Communication Servic | OPTION   | CUSIP: 81369Y852<br>LEI: N/A                  | Short            | DE               |  | US        |     -1000 | NC      | $-247500.00   | -0.07%            |  |  |  | No            |                  2 | On Loan: No      |
| Invesco QQQ Trust Se | OPTION   | CUSIP: 46090E103<br>LEI: N/A                  | Long             | DE               |  | US        |       500 | NC      | $250.00       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Invesco QQQ Trust Se | OPTION   | CUSIP: 46090E103<br>LEI: N/A                  | Short            | DE               |  | US        |      -500 | NC      | $-509500.00   | -0.15%            |  |  |  | No            |                  2 | On Loan: No      |
| Aerovironment Inc    | OPTION   | CUSIP: 008073108<br>LEI: N/A                  | Long             | DE               |  | US        |       100 | NC      | $605000.00    | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| Lam Research Corp    | OPTION   | CUSIP: 512807306<br>LEI: N/A                  | Long             | DE               |  | US        |       500 | NC      | $420000.00    | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| NVIDIA Corp          | OPTION   | CUSIP: 67066G104<br>LEI: N/A                  | Short            | DE               |  | US        |     -1000 | NC      | $-1397500.00  | -0.41%            |  |  |  | No            |                  2 | On Loan: No      |
| Novo Nordisk A/S     | OPTION   | CUSIP: 670100205<br>LEI: N/A                  | Short            | DE               |  | US        |      -250 | NC      | $-5125.00     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| NVIDIA Corp          | OPTION   | CUSIP: 67066G104<br>LEI: N/A                  | Short            | DE               |  | US        |     -1000 | NC      | $-1500.00     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| SPDR S&P Homebuilder | OPTION   | CUSIP: 78464A888<br>LEI: N/A                  | Short            | DE               |  | US        |     -1000 | NC      | $-66500.00    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| Eli Lilly & Co       | OPTION   | CUSIP: 532457108<br>LEI: N/A                  | Short            | DE               |  | US        |      -100 | NC      | $-71750.00    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| Aerovironment Inc    | OPTION   | CUSIP: 008073108<br>LEI: N/A                  | Long             | DE               |  | US        |       250 | NC      | $1201250.00   | 0.35%             |  |  |  | No            |                  2 | On Loan: No      |
| Palantir Technologie | OPTION   | CUSIP: 69608A108<br>LEI: N/A                  | Short            | DE               |  | US        |      -300 | NC      | $-114750.00   | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| State Street SPDR    | OPTION   | CUSIP: 78462F103<br>LEI: N/A                  | Long             | DE               |  | US        |       500 | NC      | $288250.00    | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Novo Nordisk A/S     | OPTION   | CUSIP: 670100205<br>LEI: N/A                  | Long             | DE               |  | US        |       250 | NC      | $12250.00     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| iShares Bitcoin Trus | OPTION   | CUSIP: 46438F101<br>LEI: N/A                  | Long             | DE               |  | US        |      2000 | NC      | $760000.00    | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| NVIDIA Corp          | OPTION   | CUSIP: 67066G104<br>LEI: N/A                  | Short            | DE               |  | US        |     -1000 | NC      | $-191500.00   | -0.06%            |  |  |  | No            |                  2 | On Loan: No      |
| Newmont Corp.        | OPTION   | CUSIP: 651639106<br>LEI: N/A                  | Short            | DE               |  | US        |      -200 | NC      | $-34700.00    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Lam Research Corp    | OPTION   | CUSIP: 512807306<br>LEI: N/A                  | Short            | DE               |  | US        |      -100 | NC      | $-37000.00    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| iShares Bitcoin Trus | OPTION   | CUSIP: 46438F101<br>LEI: N/A                  | Long             | DE               |  | US        |      3000 | NC      | $1290000.00   | 0.38%             |  |  |  | No            |                  2 | On Loan: No      |
| SPDR S&P Homebuilder | OPTION   | CUSIP: 78464A888<br>LEI: N/A                  | Short            | DE               |  | US        |     -1000 | NC      | $-35500.00    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| iShares Bitcoin Trus | OPTION   | CUSIP: 46438F101<br>LEI: N/A                  | Long             | DE               |  | US        |      1000 | NC      | $397500.00    | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| VanEck Vectors Semic | OPTION   | CUSIP: 92189F676<br>LEI: N/A                  | Short            | DE               |  | US        |      -250 | NC      | $-820000.00   | -0.24%            |  |  |  | No            |                  2 | On Loan: No      |
| HOWMET AEROSPACE INC | OPTION   | CUSIP: 443201108<br>LEI: N/A                  | Long             | DE               |  | US        |       200 | NC      | $233000.00    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| State Street SPDR    | OPTION   | CUSIP: 78462F103<br>LEI: N/A                  | Long             | DE               |  | US        |      1000 | NC      | $500.00       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Communication Servic | OPTION   | CUSIP: 81369Y852<br>LEI: N/A                  | Long             | DE               |  | US        |      1000 | NC      | $560000.00    | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| VanEck Vectors Semic | OPTION   | CUSIP: 92189F676<br>LEI: N/A                  | Short            | DE               |  | US        |       -73 | NC      | $-162060.00   | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| VanEck Vectors Semic | OPTION   | CUSIP: 92189F676<br>LEI: N/A                  | Long             | DE               |  | US        |       427 | NC      | $2188375.00   | 0.64%             |  |  |  | No            |                  2 | On Loan: No      |
| State Street SPDR    | OPTION   | CUSIP: 78462F103<br>LEI: N/A                  | Long             | DE               |  | US        |      1000 | NC      | $1505000.00   | 0.44%             |  |  |  | No            |                  2 | On Loan: No      |
| Novo Nordisk A/S     | OPTION   | CUSIP: 670100205<br>LEI: N/A                  | Short            | DE               |  | US        |      -250 | NC      | $-239375.00   | -0.07%            |  |  |  | No            |                  2 | On Loan: No      |
| Newmont Corp.        | OPTION   | CUSIP: 651639106<br>LEI: N/A                  | Short            | DE               |  | US        |      -250 | NC      | $-86875.00    | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| iShares Bitcoin Trus | OPTION   | CUSIP: 46438F101<br>LEI: N/A                  | Short            | DE               |  | US        |     -2000 | NC      | $-730000.00   | -0.21%            |  |  |  | No            |                  2 | On Loan: No      |
| iShares Silver Trust | OPTION   | CUSIP: 46428Q109<br>LEI: N/A                  | Long             | DE               |  | US        |       200 | NC      | $341000.00    | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Global X Copper Mine | OPTION   | CUSIP: 37954Y830<br>LEI: N/A                  | Long             | DE               |  | US        |       500 | NC      | $595000.00    | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| VanEck Vectors Semic | OPTION   | CUSIP: 92189F676<br>LEI: N/A                  | Short            | DE               |  | US        |       -50 | NC      | $-51750.00    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| iShares Bitcoin Trus | OPTION   | CUSIP: 46438F101<br>LEI: N/A                  | Long             | DE               |  | US        |      2000 | NC      | $1520000.00   | 0.44%             |  |  |  | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-04-23

**Name of Applicant:** Starboard Investment Trust

**Signature:** Pete Mccabe

**Name of Signer:** Pete Mccabe

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