# EDGAR Filing Document

**Accession Number:** 0001464413
**File Stem:** 0002000324-26-001415
**Filing Date:** 2026-4
**Character Count:** 12954
**Document Hash:** 5d3bf97d63aad0af1ec80e44e9e9ee7e
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002000324-26-001415.hdr.sgml**: 20260410

**ACCESSION NUMBER**: 0002000324-26-001415

**CONFORMED SUBMISSION TYPE**: NPORT-P/A

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260410

**DATE AS OF CHANGE**: 20260410

**PERIOD START**: 20260930

**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/A
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22298
- **FILM NUMBER:** 26854981

**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

### Sector Rotation Fund (Series ID: S000032518)

| Class ID   | Class Name     | Ticker Symbol   |
|:---|:---|:---|
| C000100305 | No Load Shares | NAVFX           |

## 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 | 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 |
| 245 | Sector Rotation Fund | SQQQ | PROSHARES ULTRAPRO |  |  | 74350P675 | 1040 | Exchange Traded Fund |  | ETF | EXCHANGE TRADED FUND | EXCHANGE TRADED FUND |  |  | USA | UNITED STATES | MD | MARYLAND | USD | US DOLLAR | 1/0/1900 |  |  | 68.50 |  |  |  |  |  | PROSHARES ULTRAPRO |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 20482.00 | L<br> N |  |  | 12/31/2025<br> C |  | 245;USD | USD | 19000.00 | 1700797.50 | 1700797.50 | 1301500.00 | 1301500.00 | -399297.50 | -399297.50 | 1.57 | False | 0.00 | N/A | 3.11 | 3.11 | 3.11 | 0.00 |  |  | SQQQ<br> N | MP |
| 245 | Sector Rotation Fund | VOX | Vanguard | Communication Servic |  | 92204A884 | 1040 | Exchange Traded Fund |  | ETF | EXCHANGE TRADED FUND | EXCHANGE TRADED FUND |  |  | USA | UNITED STATES |  |  | USD | US DOLLAR | 1/0/1900 |  |  | 193.63 |  |  |  |  |  | Vanguard | Communication Servic |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 60850.00 | L<br> N |  |  | 12/31/2025<br> C |  | 245;USD | USD | 50000.00 | 5603246.50 | 5603246.50 | 9681500.00 | 9681500.00 | 4078253.50 | 4078253.50 | 0.63 | False | 0.00 | N/A | 23.15 | 23.12 | 23.16 | 0.00 |  |  | VOX<br> N | MP |
| 245 | Sector Rotation Fund | SPY | SPDR S&P 500 ETF Tru | st |  | 78462F103 | 1041 | Equity Fund |  | ETF | EXCHANGE TRADED FUND | EXCHANGE TRADED FUND |  |  | USA | UNITED STATES |  |  | USD | US DOLLAR | 1/0/1900 |  |  | 681.92 |  |  |  |  |  | SPDR S&P 500 ETF Tru | st |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 6634.00 | L<br> N |  |  | 12/31/2025<br> C |  | 245;USD | USD | 1000.00 | 105140.00 | 105140.00 | 681920.00 | 681920.00 | 576780.00 | 576780.00 | 0.97 | False | 0.00 | N/A | 1.63 | 1.63 | 1.63 | 0.00 |  |  | SPY<br> N | MP |
| 245 | Sector Rotation Fund | VIS | US92204A6038 | ETF |  | 92204A603 | 1041 | Equity Fund |  | ETF | EXCHANGE TRADED FUND | EXCHANGE TRADED FUND |  |  | USA | UNITED STATES | PA | PENNSYLVANIA | USD | US DOLLAR | 1/0/1900 |  |  | 298.38 |  |  |  |  |  | Vanguard Industrials | ETF |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 74875.00 | L<br> N |  |  | 12/31/2025<br> C |  | 245;USD | USD | 25000.00 | 4126262.20 | 4126262.20 | 7459500.00 | 7459500.00 | 3333237.80 | 3333237.80 | 1.00 | False | 0.00 | N/A | 17.83 | 17.82 | 17.84 | 0.00 |  |  | VIS<br> N | MP |
| 245 | Sector Rotation Fund | VCR | Vanguard Consumer Di | scretionary ETF |  | 92204A108 | 1041 | Equity Fund |  | ETF | EXCHANGE TRADED FUND | EXCHANGE TRADED FUND |  |  | USA | UNITED STATES |  |  | USD | US DOLLAR | 1/0/1900 |  |  | 393.92 |  |  |  |  |  | Vanguard Consumer Di | scretionary ETF |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 38205.00 | L<br> N |  |  | 12/31/2025<br> C |  | 245;USD | USD | 15000.00 | 2703882.80 | 2703882.80 | 5908800.00 | 5908800.00 | 3204917.20 | 3204917.20 | 0.65 | False | 0.00 | N/A | 14.13 | 14.11 | 14.14 | 0.00 |  |  | VCR<br> N | MP |
| 245 | Sector Rotation Fund | 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 |  |  | 133.49 |  |  |  |  |  | Vanguard Financials | ETF |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 48000.00 | L<br> N |  |  | 12/31/2025<br> C |  | 245;USD | USD | 25000.00 | 2243686.50 | 2243686.50 | 3337250.00 | 3337250.00 | 1093563.50 | 1093563.50 | 1.44 | False | 0.00 | N/A | 7.98 | 7.97 | 7.98 | 0.00 |  |  | VFH<br> N | MP |
| 245 | Sector Rotation Fund | VHT | Vanguard Health Care | ETF |  | 92204A504 | 1041 | Equity Fund |  | ETF | EXCHANGE TRADED FUND | EXCHANGE TRADED FUND |  |  | USA | UNITED STATES |  |  | USD | US DOLLAR | 1/0/1900 |  |  | 287.85 |  |  |  |  |  | Vanguard Health Care | ETF |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 51120.00 | L<br> N |  |  | 12/31/2025<br> C |  | 245;USD | USD | 15000.00 | 3473908.90 | 3473908.90 | 4317750.00 | 4317750.00 | 843841.10 | 843841.10 | 1.18 | False | 0.00 | N/A | 10.32 | 10.31 | 10.33 | 0.00 |  |  | VHT<br> N | MP |
| 245 | Sector Rotation Fund | VGT | Vanguard Information | Technology ETF |  | 92204A702 | 1041 | Equity Fund |  | ETF | EXCHANGE TRADED FUND | EXCHANGE TRADED FUND |  |  | USA | UNITED STATES | PA | PENNSYLVANIA | USD | US DOLLAR | 1/0/1900 |  |  | 753.78 |  |  |  |  |  | Vanguard Information | Technology ETF |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 31230.00 | L<br> N |  |  | 12/31/2025<br> C |  | 245;USD | USD | 10000.00 | 2125717.20 | 2125717.20 | 7537800.00 | 7537800.00 | 5412082.80 | 5412082.80 | 0.41 | False | 0.00 | N/A | 18.02 | 18.00 | 18.03 | 0.00 |  |  | VGT<br> N | MP |
| 245 | Sector Rotation Fund | FISXX | Fidelity Investments | Money Market Funds |  | 316175504 | 1078 | Money Market Fund |  | MONEYMKT | MONEY MARKET |  |  |  | USA | UNITED STATES | MA | MASSACHUSETTS | USD | US DOLLAR | 1/1/2026 |  |  | 100.00 |  |  |  |  |  | Fidelity Investments | Money Market Funds |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 58476.72 | L<br> N |  |  | 12/31/2025<br> C |  | 245;USD | USD | 1603031.72 | 1603031.72 | 1603031.72 | 1603031.72 | 1603031.72 | 0.00 | 0.00 | 3.65 | False | 3.64 |  | 3.83 | 3.83 | 3.83 | 0.00 |  |  | FISXX<br> N | AC |

---

## 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:** Sector Rotation Fund

- **b. EDGAR series identifier (if any):** S000032518

- **c. LEI of Series:** 549300XRKBZDKSVL4Q93

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

- **a. Date of fiscal year-end:** 2026-09-30

- **b. Date as of which information is reported:** 2025-12-31

**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:** $41866033.31

**Total Liabilities:** $64364.75

**Net Assets:** $41801668.56

**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 C000100305 | 0.50%                | 0.39%                | 0.76%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-75564.96               | $339354.00                                 |
| Month 2  | $-184053.36              | $408753.85                                 |
| Month 3  | $-179612.65              | $426311.75                                 |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| SPDR S&P 500 ETF Tru | ETF      | CUSIP: 78462F103<br>LEI: 549300NZAMSJ8FXPQQ63 | Long             | EC               | CORP              | US        |      1000 | NS      | $681920.00    | 1.63%             |  |  |  | No            |                  1 | On Loan: No      |
| PROSHARES ULTRAPRO   | ETF      | CUSIP: 74350P675<br>LEI: KC8ZSAS0N653Z8PPTO65 | Long             | EC               | CORP              | US        |     19000 | NS      | $1301500.00   | 3.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Vanguard Consumer Di | ETF      | CUSIP: 92204A108<br>LEI: NH4EW5X2H2SQ04NCCD83 | Long             | EC               | CORP              | US        |     15000 | NS      | $5908800.00   | 14.14%            |  |  |  | No            |                  1 | On Loan: No      |
| Vanguard Financials  | ETF      | CUSIP: 92204A405<br>LEI: G1LHPY5HPCPGWBXV0P88 | Long             | EC               | CORP              | US        |     25000 | NS      | $3337250.00   | 7.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Vanguard Information | ETF      | CUSIP: 92204A702<br>LEI: J2NTZGJBERBYMUMBIE74 | Long             | EC               | CORP              | US        |     10000 | NS      | $7537800.00   | 18.03%            |  |  |  | No            |                  1 | On Loan: No      |
| Vanguard Health Care | ETF      | CUSIP: 92204A504<br>LEI: 4G9X037GNB6OUK17TK21 | Long             | EC               | CORP              | US        |     15000 | NS      | $4317750.00   | 10.33%            |  |  |  | No            |                  1 | On Loan: No      |
| US92204A6038         | ETF      | CUSIP: 92204A603<br>LEI: 5493002789CX3L0CJP65 | Long             | EC               | CORP              | US        |     25000 | NS      | $7459500.00   | 17.84%            |  |  |  | No            |                  1 | On Loan: No      |
| Vanguard             | ETF      | CUSIP: 92204A884<br>LEI: G72911VLR8K3DTWYSX34 | Long             | EC               | CORP              | US        |     50000 | NS      | $9681500.00   | 23.16%            |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Investments | MONEYMKT | CUSIP: 316175504<br>LEI: 6X064LF7Y6B4DKF2GZ26 | Long             | STIV             |  | US        |   1603032 | NS      | $1603031.72   | 3.83%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-04-10

**Name of Applicant:** Starboard Investment Trust

**Signature:** Pete Mccabe

**Name of Signer:** Pete Mccabe

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