# EDGAR Filing Document

**Accession Number:** 0001464413
**File Stem:** 0002000324-26-001650
**Filing Date:** 2026-4
**Character Count:** 12131
**Document Hash:** 55198e2b6adc97dc3c21062eac51cc26
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002000324-26-001650.hdr.sgml**: 20260427

**ACCESSION NUMBER**: 0002000324-26-001650

**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:** 26897638

**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

### RH Tactical Outlook ETF (Series ID: S000072159)

| Class ID   | Class Name              | Ticker Symbol   |
|:---|:---|:---|
| C000227949 | RH Tactical Outlook ETF | RHTX            |

## 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 |
| 860 | RH Tactical Outlook ETF | MSTR | MicroStrategy Inc |  |  | 594972408 | 1099 | Application Software |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | VA | VIRGINIA | USD | US DOLLAR | 1/0/1900 |  |  | 129.50 |  |  |  |  |  | MicroStrategy Inc |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 |  | L<br> N |  |  | 2/27/2026<br> C |  | 860;USD | USD | 1342.00 | 228213.73 | 228213.73 | 173789.00 | 173789.00 | -54424.73 | -54424.73 | 0.00 | False | 0.00 | N/A | 2.00 | 1.92 | 1.92 | 0.00 |  |  | MSTR<br> N | MP |
| 860 | RH Tactical Outlook ETF | SPMD | SPDR Portfolio S&P 4 | 00 Mid Cap ETF |  | 78464A847 |  | UNGROUPED SECURITIES |  | ETF | EXCHANGE TRADED FUND | EXCHANGE TRADED FUND |  |  | USA | UNITED STATES |  |  | USD | US DOLLAR | 1/0/1900 |  |  | 62.73 |  |  |  |  |  | SPDR Portfolio S&P 4 | 00 Mid Cap ETF |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 22196.17 |  | L<br> N |  |  | 2/27/2026<br> C |  | 860;USD | USD | 30957.00 | 1467180.47 | 1467180.47 | 1941932.61 | 1941932.61 | 474752.14 | 474752.14 | 1.14 | False | 0.00 | N/A | 22.37 | 21.40 | 21.47 | 0.00 |  | 549300TKUU0ZLRVSLJ96 | SPMD<br> N | MP |
| 860 | RH Tactical Outlook 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 |  | 860;USD | USD | 11846.00 | 292950.39 | 292950.39 | 1006791.54 | 1006791.54 | 713841.15 | 713841.15 | 0.00 | False | 0.00 | N/A | 11.60 | 11.10 | 11.13 | 0.00 |  |  | SLV<br> N | MP |
| 860 | RH Tactical Outlook 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 |  | 860;USD | USD | 1656.00 | 275521.96 | 275521.96 | 801090.00 | 801090.00 | 525568.04 | 525568.04 | 0.00 | False | 0.00 | N/A | 9.23 | 8.83 | 8.86 | 0.00 |  |  | GLD<br> N | MP |
| 860 | RH Tactical Outlook 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 | 7395.37 |  | L<br> N |  |  | 2/27/2026<br> C |  | 860;USD | USD | 2737.00 | 542178.87 | 542178.87 | 715479.17 | 715479.17 | 173300.30 | 173300.30 | 1.03 | False | 0.00 | N/A | 8.24 | 7.89 | 7.91 | 0.00 |  |  | IWM<br> N | MP |
| 860 | RH Tactical Outlook 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 | 38961.48 |  | L<br> N |  |  | 2/27/2026<br> C |  | 860;USD | USD | 5873.00 | 2494865.26 | 2494865.26 | 4028819.27 | 4028819.27 | 1533954.01 | 1533954.01 | 0.97 | False | 0.00 | N/A | 46.41 | 44.40 | 44.54 | 0.00 |  |  | SPY<br> N | MP |
| 860 | RH Tactical Outlook ETF | D61A774A | MSTR 260227C0014000 |  | MSTR 260227C00140000 | MSTR260227C140. |  | UNGROUPED SECURITIES |  | OPTION | OPTION |  |  |  | USA | UNITED STATES |  |  | USD | US DOLLAR | 2/28/2026 |  |  | 0.01 |  |  |  |  |  | MSTR 260227C0014000 |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 |  | S<br> N |  |  | 2/27/2026<br> C |  | 860;USD | USD | -13.00 | -2606.83 | -2606.83 | -6.50 | -6.50 | 2600.33 | 2600.33 | 0.00 | False | 0.00 | N/A | 0.00 | 0.00 | 0.00 | 0.00 |  |  | D61A774A<br> N | MP |
| 860 | RH Tactical Outlook ETF | A49C774A | MSTR 260320P0013000 |  | MSTR 260320P00130000 | MSTR260320P130. |  | UNGROUPED SECURITIES |  | OPTION | OPTION |  |  |  | USA | UNITED STATES |  |  | USD | US DOLLAR | 3/21/2026 |  |  | 9.45 |  |  |  |  |  | MSTR 260320P0013000 |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 0.00 |  | L<br> N |  |  | 2/27/2026<br> C |  | 860;USD | USD | 13.00 | 15073.89 | 15073.89 | 12285.00 | 12285.00 | -2788.89 | -2788.89 | 0.00 | False | 0.00 | N/A | 0.14 | 0.14 | 0.14 | 0.00 |  |  | A49C774A<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:** RH Tactical Outlook ETF

- **b. EDGAR series identifier (if any):** S000072159

- **c. LEI of Series:** 549300YUC69J1CDTU576

**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:** $9073922.39

**Total Liabilities:** $28658.75

**Net Assets:** $9045263.64

**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 C000227949 | 1.69%                | 4.32%                | 2.30%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $0.00                    | $113460.44                                 |
| Month 2  | $-300236.35              | $685842.87                                 |
| Month 3  | $50455.95                | $146106.74                                 |

**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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| MicroStrategy Inc    | COMMSTCK | CUSIP: 594972408<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1342 | NS      | $173789.00    | 1.92%             |  |  |  | No            |                  1 | On Loan: No      |
| SPDR Gold Shares     | ETF      | CUSIP: 78463V107<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | EC               | CORP              | US        |      1656 | NS      | $801090.00    | 8.86%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares Russell 2000 | ETF      | CUSIP: 464287655<br>LEI: 549300O80OAR5VTWR172 | Long             | EC               | CORP              | US        |      2737 | NS      | $715479.17    | 7.91%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares Silver Trust | ETF      | CUSIP: 46428Q109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     11846 | NS      | $1006791.54   | 11.13%            |  |  |  | No            |                  1 | On Loan: No      |
| SPDR Portfolio S&P 4 | ETF      | CUSIP: 78464A847<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     30957 | NS      | $1941932.61   | 21.47%            |  |  |  | No            |                  1 | On Loan: No      |
| State Street SPDR    | ETF      | CUSIP: 78462F103<br>LEI: 549300NZAMSJ8FXPQQ63 | Long             | EC               | CORP              | US        |      5873 | NS      | $4028819.27   | 44.54%            |  |  |  | No            |                  1 | On Loan: No      |
| MicroStrategy Inc    | OPTION   | CUSIP: 594972408<br>LEI: N/A                  | Long             | DE               |  | US        |        13 | NC      | $12285.00     | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| MicroStrategy Inc    | OPTION   | CUSIP: 594972408<br>LEI: N/A                  | Short            | DE               |  | US        |       -13 | NC      | $-6.50        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-04-24

**Name of Applicant:** Starboard Investment Trust

**Signature:** Pete Mccabe

**Name of Signer:** Pete Mccabe

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