# EDGAR Filing Document

**Accession Number:** 0001464413
**File Stem:** 0002000324-25-002455
**Filing Date:** 2025-7
**Character Count:** 60706
**Document Hash:** c1034267f2f8f30a5753d01036eb0781
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002000324-25-002455.hdr.sgml**: 20250728

**ACCESSION NUMBER**: 0002000324-25-002455

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250531

**FILED AS OF DATE**: 20250728

**DATE AS OF CHANGE**: 20250728

**PERIOD START**: 20250531

**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:** 251155946

**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            |

## 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:** 2025-05-31

- **b. Date as of which information is reported:** 2025-05-31

**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:** $420490504.17

**Total Liabilities:** $103436877.68

**Net Assets:** $317053626.49

**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 | -10.64%              | 6.24%                | 7.53%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $2310474.23              | $-22328571.54                              |
| Month 2  | $72621.81                | $10436658.94                               |
| Month 3  | $16072283.83             | $13441290.69                               |

**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        |      3195 | NS      | $641715.75    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Advanced Micro       | COMMSTCK | CUSIP: 007903107<br>LEI: R2I72C950HOYXII45366 | Long             | EC               | CORP              | US        |      8381 | NS      | $928028.13    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Ameriprise Financial | COMMSTCK | CUSIP: 03076C106<br>LEI: 6ZLKQF7QB6JAEKQS5388 | Long             | EC               | CORP              | US        |      2659 | NS      | $1354069.16   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Amazon.com Inc       | COMMSTCK | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |     71800 | NS      | $14719718.00  | 4.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Arista Networks Inc  | COMMSTCK | CUSIP: 040413205<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     14628 | NS      | $1267369.92   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Abercrombie & Fitch  | COMMSTCK | CUSIP: 002896207<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     10612 | NS      | $832935.88    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Archrock Inc         | COMMSTCK | CUSIP: 03957W106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     31904 | NS      | $794409.60    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Broadcom Inc         | COMMSTCK | CUSIP: 11135F101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     47633 | NS      | $11530520.31  | 3.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Booking Holdings Inc | COMMSTCK | CUSIP: 09857L108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       296 | NS      | $1633603.28   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Badger Meter Inc     | COMMSTCK | CUSIP: 056525108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     13102 | NS      | $3252178.44   | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Boston Scientific Co | COMMSTCK | CUSIP: 101137107<br>LEI: N/A                  | Short            | EC               | CORP              | US        |     -1712 | NS      | $-180205.12   | -0.06%            |  |  |  | No            |                  1 | On Loan: No      |
| Cboe Global Markets  | COMMSTCK | CUSIP: 12503M108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      9436 | NS      | $2161976.32   | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| CONSTELLATION        | COMMSTCK | CUSIP: 21037T109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     31191 | NS      | $9549124.65   | 3.01%             |  |  |  | No            |                  1 | On Loan: No      |
| CommScope Holding Co | COMMSTCK | CUSIP: 20337X109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    194668 | NS      | $1175794.72   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Copart Inc           | COMMSTCK | CUSIP: 217204106<br>LEI: 549300KVYX3JWMYEHU61 | Long             | EC               | CORP              | US        |     50729 | NS      | $2611528.92   | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| salesforce.com Inc   | COMMSTCK | CUSIP: 79466L302<br>LEI: RCGZFPDMRW58VJ54VR07 | Long             | EC               | CORP              | US        |     16641 | NS      | $4416022.17   | 1.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Carpenter Technology | COMMSTCK | CUSIP: 144285103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       408 | NS      | $95880.00     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Deckers Outdoor Corp | COMMSTCK | CUSIP: 243537107<br>LEI: N/A                  | Short            | EC               | CORP              | US        |     -9697 | NS      | $-1023227.44  | -0.32%            |  |  |  | No            |                  1 | On Loan: No      |
| Dollar General Corp  | COMMSTCK | CUSIP: 256677105<br>LEI: OPX52SQVOZI8IVSWYU66 | Long             | EC               | CORP              | US        |    101111 | NS      | $9833044.75   | 3.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Ecolab Inc           | COMMSTCK | CUSIP: 278865100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3643 | NS      | $967653.66    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Fair Isaac Corp      | COMMSTCK | CUSIP: 303250104<br>LEI: RI6HET5SJUEY30V1PS26 | Long             | EC               | CORP              | US        |      1603 | NS      | $2767226.84   | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Federal Signal Corp  | COMMSTCK | CUSIP: 313855108<br>LEI: 549300RTXZRPTNP6G884 | Long             | EC               | CORP              | US        |     10567 | NS      | $994037.69    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| frontdoor Inc        | COMMSTCK | CUSIP: 35905A109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     30042 | NS      | $1652610.42   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| General Electric Co  | COMMSTCK | CUSIP: 369604301<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2102 | NS      | $516902.82    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Green Brick Partners | COMMSTCK | CUSIP: 392709101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1072 | NS      | $62658.40     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| WW Grainger Inc      | COMMSTCK | CUSIP: 384802104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1235 | NS      | $1343136.60   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| HOWMET AEROSPACE INC | COMMSTCK | CUSIP: 443201108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    121088 | NS      | $20571640.32  | 6.49%             |  |  |  | No            |                  1 | On Loan: No      |
| IES Holdings Inc     | COMMSTCK | CUSIP: 44951W106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5556 | NS      | $1442670.96   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan Chase & Co  | COMMSTCK | CUSIP: 46625H100<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EC               | CORP              | US        |     33690 | NS      | $8894160.00   | 2.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Eli Lilly & Co       | COMMSTCK | CUSIP: 532457108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       966 | NS      | $712589.22    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Madrigal Pharmaceuti | COMMSTCK | CUSIP: 558868105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3704 | NS      | $1019563.04   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| META PLATFORMS INC.  | COMMSTCK | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |     28621 | NS      | $18531811.29  | 5.85%             |  |  |  | No            |                  1 | On Loan: No      |
| MOOG CL A ORD        | COMMSTCK | CUSIP: 615394202<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      6045 | NS      | $1120198.95   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Microsoft Corp       | COMMSTCK | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |     37069 | NS      | $17065084.84  | 5.38%             |  |  |  | No            |                  1 | On Loan: No      |
| NRG Energy Inc       | COMMSTCK | CUSIP: 629377508<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     19473 | NS      | $3035840.70   | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| NVIDIA Corp          | COMMSTCK | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Short            | EC               | CORP              | US        |    -27221 | NS      | $-3678373.73  | -1.16%            |  |  |  | No            |                  1 | On Loan: No      |
| Novo Nordisk A/S     | COMMSTCK | CUSIP: 670100205<br>LEI: N/A                  | Long             | EC               | CORP              | DK        |     22889 | NS      | $1636563.50   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Progressive Corp/The | COMMSTCK | CUSIP: 743315103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     16904 | NS      | $4816456.72   | 1.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Palantir Technologie | COMMSTCK | CUSIP: 69608A108<br>LEI: N/A                  | Short            | EC               | CORP              | US        |     -2460 | NS      | $-324178.80   | -0.10%            |  |  |  | No            |                  1 | On Loan: No      |
| Rigetti Computing In | COMMSTCK | CUSIP: 76655K103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     49557 | NS      | $600135.27    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Raymond James Financ | COMMSTCK | CUSIP: 754730109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      7962 | NS      | $1170254.76   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Rocket Lab USA Inc   | COMMSTCK | CUSIP: 773121108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     99912 | NS      | $2676642.48   | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| SUPER MICRO          | COMMSTCK | CUSIP: 86800U302<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       100 | NS      | $4002.00      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Skyworks Solutions I | COMMSTCK | CUSIP: 83088M102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      7082 | NS      | $488870.46    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| AT&T Inc             | COMMSTCK | CUSIP: 00206R102<br>LEI: 549300Z40J86GGSTL398 | Long             | EC               | CORP              | US        |    121363 | NS      | $3373891.40   | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| TransDigm Group Inc  | COMMSTCK | CUSIP: 893641100<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | EC               | CORP              | US        |      1927 | NS      | $2829664.61   | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Targa Resources Corp | COMMSTCK | CUSIP: 87612G101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      6064 | NS      | $957687.52    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Tesla Inc            | COMMSTCK | CUSIP: 88160R101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       313 | NS      | $108441.98    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Tyler Technologies I | COMMSTCK | CUSIP: 902252105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1553 | NS      | $896065.47    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Verisk Analytics Inc | COMMSTCK | CUSIP: 92345Y106<br>LEI: 549300I1YSWNIRKBWP67 | Long             | EC               | CORP              | US        |     12793 | NS      | $4018793.02   | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| VERTIV HOLDINGS      | COMMSTCK | CUSIP: 92537N108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2368 | NS      | $255578.24    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Vertex Pharmaceutica | COMMSTCK | CUSIP: 92532F100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      7423 | NS      | $3281337.15   | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Vistra Energy Corp   | COMMSTCK | CUSIP: 92840M102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     14604 | NS      | $2344964.28   | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Winmark Corp         | COMMSTCK | CUSIP: 974250102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1715 | NS      | $728566.30    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Zeta Global Holdings | COMMSTCK | CUSIP: 98956A105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    197288 | NS      | $2592364.32   | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Global X MSCI Argent | ETF      | CUSIP: 37950E259<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     22741 | NS      | $2051920.43   | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares Russell 2000 | ETF      | CUSIP: 464287655<br>LEI: 549300O80OAR5VTWR172 | Long             | EC               | CORP              | US        |     54138 | NS      | $11102079.66  | 3.50%             |  |  |  | No            |                  1 | On Loan: No      |
| SPDR S&P             | ETF      | CUSIP: 78464A771<br>LEI: 549300BBJPWNKDPREW36 | Long             | EC               | CORP              | US        |     26328 | NS      | $3556386.24   | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Invesco QQQ Trust Se | ETF      | CUSIP: 46090E103<br>LEI: 549300VY6FEJBCIMET58 | Long             | EC               | CORP              | US        |      2388 | NS      | $1239634.68   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| VanEck Vectors Semic | ETF      | CUSIP: 92189F676<br>LEI: 549300MJTG2N9QRH7I02 | Long             | EC               | CORP              | US        |     37532 | NS      | $8998297.00   | 2.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Vanguard Financials  | ETF      | CUSIP: 92204A405<br>LEI: 549300MP6BT0L4Q61L10 | Long             | EC               | CORP              | US        |     67136 | NS      | $8249671.68   | 2.60%             |  |  |  | No            |                  1 | On Loan: No      |
| SPDR S&P AEROSPACE   | ETF      | CUSIP: 78464A631<br>LEI: 5493006TZ0473G1GOE68 | Long             | EC               | CORP              | US        |     13804 | NS      | $2640429.12   | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Communication Servic | ETF      | CUSIP: 81369Y852<br>LEI: 549300RPODKQJE2HDW24 | Long             | EC               | CORP              | US        |      8893 | NS      | $901750.20    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Financial Select Sec | ETF      | CUSIP: 81369Y605<br>LEI: 549300Y12KQ6ZG08NY28 | Long             | EC               | CORP              | US        |    338615 | NS      | $17255820.40  | 5.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Technology Select Se | ETF      | CUSIP: 81369Y803<br>LEI: 549300BR5T0JNM2MW070 | Long             | EC               | CORP              | US        |     29394 | NS      | $6787368.54   | 2.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Utilities Select Sec | ETF      | CUSIP: 81369Y886<br>LEI: 549300ERQDM80PRYUH21 | Long             | EC               | CORP              | US        |      1000 | NS      | $81920.00     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| DREYFUS TR SEC       | MONEYMKT | CUSIP: 261941306<br>LEI: 549300U78VESCW509025 | Long             | STIV             |  | US        |  43018111 | NS      | $43018111.00  | 13.57%            |  |  |  | No            |                  1 | On Loan: No      |
| Broadcom Inc         | OPTION   | CUSIP: 11135F101<br>LEI: N/A                  | Short            | DE               |  | US        |      -100 | NC      | $-850.00      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| NVIDIA Corp          | OPTION   | CUSIP: 67066G104<br>LEI: N/A                  | Short            | DE               |  | US        |     -2000 | NC      | $-11000.00    | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Broadcom Inc         | OPTION   | CUSIP: 11135F101<br>LEI: N/A                  | Long             | DE               |  | US        |       237 | NC      | $5806.50      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Rocket Lab USA Inc   | OPTION   | CUSIP: 773121108<br>LEI: N/A                  | Short            | DE               |  | US        |     -2000 | NC      | $-46000.00    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| NVIDIA Corp          | OPTION   | CUSIP: 67066G104<br>LEI: N/A                  | Long             | DE               |  | US        |      4500 | NC      | $2250000.00   | 0.71%             |  |  |  | No            |                  2 | On Loan: No      |
| NVIDIA Corp          | OPTION   | CUSIP: 67066G104<br>LEI: N/A                  | Short            | DE               |  | US        |      -237 | NC      | $-3910.50     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| NVIDIA Corp          | OPTION   | CUSIP: 67066G104<br>LEI: N/A                  | Long             | DE               |  | US        |      1000 | NC      | $18000.00     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| NVIDIA Corp          | OPTION   | CUSIP: 67066G104<br>LEI: N/A                  | Short            | DE               |  | US        |     -1500 | NC      | $-20250.00    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| NVIDIA Corp          | OPTION   | CUSIP: 67066G104<br>LEI: N/A                  | Long             | DE               |  | US        |      2500 | NC      | $47500.00     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| NVIDIA Corp          | OPTION   | CUSIP: 67066G104<br>LEI: N/A                  | Short            | DE               |  | US        |        -1 | NC      | $-282.50      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| NVIDIA Corp          | OPTION   | CUSIP: 67066G104<br>LEI: N/A                  | Long             | DE               |  | US        |       500 | NC      | $17750.00     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| NVIDIA Corp          | OPTION   | CUSIP: 67066G104<br>LEI: N/A                  | Short            | DE               |  | US        |      -500 | NC      | $-5250.00     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Broadcom Inc         | OPTION   | CUSIP: 11135F101<br>LEI: N/A                  | Short            | DE               |  | US        |     -1100 | NC      | $-1460250.00  | -0.46%            |  |  |  | No            |                  2 | On Loan: No      |
| Broadcom Inc         | OPTION   | CUSIP: 11135F101<br>LEI: N/A                  | Short            | DE               |  | US        |     -1000 | NC      | $-872500.00   | -0.28%            |  |  |  | No            |                  2 | On Loan: No      |
| Axon Enterprise Inc  | OPTION   | CUSIP: 05464C101<br>LEI: N/A                  | Short            | DE               |  | US        |      -100 | NC      | $-24000.00    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Axon Enterprise Inc  | OPTION   | CUSIP: 05464C101<br>LEI: N/A                  | Short            | DE               |  | US        |      -100 | NC      | $-1045000.00  | -0.33%            |  |  |  | No            |                  2 | On Loan: No      |
| Broadcom Inc         | OPTION   | CUSIP: 11135F101<br>LEI: N/A                  | Short            | DE               |  | US        |      -500 | NC      | $-638750.00   | -0.20%            |  |  |  | No            |                  2 | On Loan: No      |
| META PLATFORMS INC.  | OPTION   | CUSIP: 30303M102<br>LEI: N/A                  | Short            | DE               |  | US        |      -500 | NC      | $-756250.00   | -0.24%            |  |  |  | No            |                  2 | On Loan: No      |
| Broadcom Inc         | OPTION   | CUSIP: 11135F101<br>LEI: N/A                  | Short            | DE               |  | US        |      -137 | NC      | $-1096.00     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Broadcom Inc         | OPTION   | CUSIP: 11135F101<br>LEI: N/A                  | Short            | DE               |  | US        |     -1000 | NC      | $-500.00      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Deckers Outdoor Corp | OPTION   | CUSIP: 243537107<br>LEI: N/A                  | Long             | DE               |  | US        |      1000 | NC      | $435000.00    | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Palantir Technologie | OPTION   | CUSIP: 69608A108<br>LEI: N/A                  | Short            | DE               |  | US        |     -1000 | NC      | $-1065000.00  | -0.34%            |  |  |  | No            |                  2 | On Loan: No      |
| Dollar General Corp  | OPTION   | CUSIP: 256677105<br>LEI: N/A                  | Long             | DE               |  | US        |       800 | NC      | $199200.00    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Carpenter Technology | OPTION   | CUSIP: 144285103<br>LEI: N/A                  | Short            | DE               |  | US        |      -200 | NC      | $-7500.00     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CONSTELLATION        | OPTION   | CUSIP: 21037T109<br>LEI: N/A                  | Long             | DE               |  | US        |       150 | NC      | $37125.00     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Dollar General Corp  | OPTION   | CUSIP: 256677105<br>LEI: N/A                  | Short            | DE               |  | US        |      -500 | NC      | $-108000.00   | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| VanEck Vectors Semic | OPTION   | CUSIP: 92189F676<br>LEI: N/A                  | Short            | DE               |  | US        |      -700 | NC      | $-72100.00    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| SUPER MICRO          | OPTION   | CUSIP: 86800U302<br>LEI: N/A                  | Short            | DE               |  | US        |      -383 | NC      | $-2298.00     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Tesla Inc            | OPTION   | CUSIP: 88160R101<br>LEI: N/A                  | Long             | DE               |  | US        |       200 | NC      | $10100.00     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| NVIDIA Corp          | OPTION   | CUSIP: 67066G104<br>LEI: N/A                  | Short            | DE               |  | US        |     -2263 | NC      | $-75810.50    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| Tesla Inc            | OPTION   | CUSIP: 88160R101<br>LEI: N/A                  | Long             | DE               |  | US        |       800 | NC      | $2848000.00   | 0.90%             |  |  |  | No            |                  2 | On Loan: No      |
| NVIDIA Corp          | OPTION   | CUSIP: 67066G104<br>LEI: N/A                  | Short            | DE               |  | US        |     -2000 | NC      | $-18000.00    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Invesco QQQ Trust Se | OPTION   | CUSIP: 46090E103<br>LEI: N/A                  | Short            | DE               |  | US        |      -250 | NC      | $-107250.00   | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| NVIDIA Corp          | OPTION   | CUSIP: 67066G104<br>LEI: N/A                  | Short            | DE               |  | US        |     -2000 | NC      | $-17000.00    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| VanEck Vectors Semic | OPTION   | CUSIP: 92189F676<br>LEI: N/A                  | Long             | DE               |  | US        |       500 | NC      | $955000.00    | 0.30%             |  |  |  | No            |                  2 | On Loan: No      |
| CONSTELLATION        | OPTION   | CUSIP: 21037T109<br>LEI: N/A                  | Short            | DE               |  | US        |      -500 | NC      | $-53750.00    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| SUPER MICRO          | OPTION   | CUSIP: 86800U302<br>LEI: N/A                  | Long             | DE               |  | US        |      1000 | NC      | $88000.00     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Gilead Sciences Inc  | OPTION   | CUSIP: 375558103<br>LEI: N/A                  | Long             | DE               |  | US        |      1000 | NC      | $239000.00    | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| SUPER MICRO          | OPTION   | CUSIP: 86800U302<br>LEI: N/A                  | Long             | DE               |  | US        |       500 | NC      | $500.00       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| VanEck Vectors Semic | OPTION   | CUSIP: 92189F676<br>LEI: N/A                  | Long             | DE               |  | US        |       300 | NC      | $298500.00    | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| SUPER MICRO          | OPTION   | CUSIP: 86800U302<br>LEI: N/A                  | Long             | DE               |  | US        |       500 | NC      | $33500.00     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| SUPER MICRO          | OPTION   | CUSIP: 86800U302<br>LEI: N/A                  | Long             | DE               |  | US        |      1000 | NC      | $274000.00    | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Palantir Technologie | OPTION   | CUSIP: 69608A108<br>LEI: N/A                  | Short            | DE               |  | US        |      -500 | NC      | $-168750.00   | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| Tesla Inc            | OPTION   | CUSIP: 88160R101<br>LEI: N/A                  | Short            | DE               |  | US        |     -1000 | NC      | $-1895000.00  | -0.60%            |  |  |  | No            |                  2 | On Loan: No      |
| VanEck Vectors Semic | OPTION   | CUSIP: 92189F676<br>LEI: N/A                  | Long             | DE               |  | US        |       500 | NC      | $370000.00    | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Invesco QQQ Trust Se | OPTION   | CUSIP: 46090E103<br>LEI: N/A                  | Short            | DE               |  | US        |      -250 | NC      | $-44875.00    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| NVIDIA Corp          | OPTION   | CUSIP: 67066G104<br>LEI: N/A                  | Long             | DE               |  | US        |      1000 | NC      | $15500.00     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| NVIDIA Corp          | OPTION   | CUSIP: 67066G104<br>LEI: N/A                  | Long             | DE               |  | US        |       145 | NC      | $362.50       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| VanEck Vectors Semic | OPTION   | CUSIP: 92189F676<br>LEI: N/A                  | Long             | DE               |  | US        |       500 | NC      | $155000.00    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Broadcom Inc         | OPTION   | CUSIP: 11135F101<br>LEI: N/A                  | Long             | DE               |  | US        |      1000 | NC      | $3047500.00   | 0.96%             |  |  |  | No            |                  2 | On Loan: No      |
| VanEck Vectors Semic | OPTION   | CUSIP: 92189F676<br>LEI: N/A                  | Short            | DE               |  | US        |     -1000 | NC      | $-1740000.00  | -0.55%            |  |  |  | No            |                  2 | On Loan: No      |
| CONSTELLATION        | OPTION   | CUSIP: 21037T109<br>LEI: N/A                  | Short            | DE               |  | US        |      -300 | NC      | $-105000.00   | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| Invesco QQQ Trust Se | OPTION   | CUSIP: 46090E103<br>LEI: N/A                  | Long             | DE               |  | US        |       250 | NC      | $262750.00    | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Amazon.com Inc       | OPTION   | CUSIP: 023135106<br>LEI: N/A                  | Long             | DE               |  | US        |       500 | NC      | $275000.00    | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Amazon.com Inc       | OPTION   | CUSIP: 023135106<br>LEI: N/A                  | Long             | DE               |  | US        |       500 | NC      | $286250.00    | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Palantir Technologie | OPTION   | CUSIP: 69608A108<br>LEI: N/A                  | Short            | DE               |  | US        |       -17 | NC      | $-2847.50     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Tesla Inc            | OPTION   | CUSIP: 88160R101<br>LEI: N/A                  | Short            | DE               |  | US        |      -250 | NC      | $-180000.00   | -0.06%            |  |  |  | No            |                  2 | On Loan: No      |
| Rocket Lab USA Inc   | OPTION   | CUSIP: 773121108<br>LEI: N/A                  | Long             | DE               |  | US        |       500 | NC      | $125250.00    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Rocket Lab USA Inc   | OPTION   | CUSIP: 773121108<br>LEI: N/A                  | Long             | DE               |  | US        |       500 | NC      | $71000.00     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Rocket Lab USA Inc   | OPTION   | CUSIP: 773121108<br>LEI: N/A                  | Long             | DE               |  | US        |       500 | NC      | $59250.00     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| SUPER MICRO          | OPTION   | CUSIP: 86800U302<br>LEI: N/A                  | Long             | DE               |  | US        |       500 | NC      | $165000.00    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| CONSTELLATION        | OPTION   | CUSIP: 21037T109<br>LEI: N/A                  | Short            | DE               |  | US        |      -150 | NC      | $-178500.00   | -0.06%            |  |  |  | No            |                  2 | On Loan: No      |
| Tesla Inc            | OPTION   | CUSIP: 88160R101<br>LEI: N/A                  | Long             | DE               |  | US        |         2 | NC      | $191.00       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Tesla Inc            | OPTION   | CUSIP: 88160R101<br>LEI: N/A                  | Long             | DE               |  | US        |         2 | NC      | $18490.00     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| VanEck Vectors Semic | OPTION   | CUSIP: 92189F676<br>LEI: N/A                  | Long             | DE               |  | US        |       500 | NC      | $2000.00      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Rocket Lab USA Inc   | OPTION   | CUSIP: 773121108<br>LEI: N/A                  | Long             | DE               |  | US        |       500 | NC      | $23500.00     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Rocket Lab USA Inc   | OPTION   | CUSIP: 773121108<br>LEI: N/A                  | Long             | DE               |  | US        |      1000 | NC      | $183000.00    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Broadcom Inc         | OPTION   | CUSIP: 11135F101<br>LEI: N/A                  | Short            | DE               |  | US        |      -600 | NC      | $-1800.00     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Rigetti Computing In | OPTION   | CUSIP: 76655K103<br>LEI: N/A                  | Long             | DE               |  | US        |      1000 | NC      | $500.00       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Invesco QQQ Trust Se | OPTION   | CUSIP: 46090E103<br>LEI: N/A                  | Short            | DE               |  | US        |      -200 | NC      | $-5200.00     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Dollar General Corp  | OPTION   | CUSIP: 256677105<br>LEI: N/A                  | Long             | DE               |  | US        |       500 | NC      | $9750.00      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Boston Scientific Co | OPTION   | CUSIP: 101137107<br>LEI: N/A                  | Long             | DE               |  | US        |      2000 | NC      | $165000.00    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Broadcom Inc         | OPTION   | CUSIP: 11135F101<br>LEI: N/A                  | Long             | DE               |  | US        |       250 | NC      | $173125.00    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Broadcom Inc         | OPTION   | CUSIP: 11135F101<br>LEI: N/A                  | Long             | DE               |  | US        |      1000 | NC      | $1172500.00   | 0.37%             |  |  |  | No            |                  2 | On Loan: No      |
| CONSTELLATION        | OPTION   | CUSIP: 21037T109<br>LEI: N/A                  | Short            | DE               |  | US        |      -500 | NC      | $-10000.00    | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Palantir Technologie | OPTION   | CUSIP: 69608A108<br>LEI: N/A                  | Long             | DE               |  | US        |      1500 | NC      | $1721250.00   | 0.54%             |  |  |  | No            |                  2 | On Loan: No      |
| VanEck Vectors Semic | OPTION   | CUSIP: 92189F676<br>LEI: N/A                  | Long             | DE               |  | US        |       219 | NC      | $776355.00    | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| Palantir Technologie | OPTION   | CUSIP: 69608A108<br>LEI: N/A                  | Long             | DE               |  | US        |       500 | NC      | $93750.00     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Palantir Technologie | OPTION   | CUSIP: 69608A108<br>LEI: N/A                  | Long             | DE               |  | US        |       267 | NC      | $75160.50     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Palantir Technologie | OPTION   | CUSIP: 69608A108<br>LEI: N/A                  | Long             | DE               |  | US        |       500 | NC      | $318750.00    | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| VanEck Vectors Semic | OPTION   | CUSIP: 92189F676<br>LEI: N/A                  | Long             | DE               |  | US        |       219 | NC      | $11607.00     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Carpenter Technology | OPTION   | CUSIP: 144285103<br>LEI: N/A                  | Long             | DE               |  | US        |       200 | NC      | $22500.00     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Dollar General Corp  | OPTION   | CUSIP: 256677105<br>LEI: N/A                  | Short            | DE               |  | US        |      -500 | NC      | $-2000.00     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Invesco QQQ Trust Se | OPTION   | CUSIP: 46090E103<br>LEI: N/A                  | Short            | DE               |  | US        |      -500 | NC      | $-62000.00    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| Palantir Technologie | OPTION   | CUSIP: 69608A108<br>LEI: N/A                  | Long             | DE               |  | US        |       500 | NC      | $168750.00    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Broadcom Inc         | OPTION   | CUSIP: 11135F101<br>LEI: N/A                  | Short            | DE               |  | US        |      -500 | NC      | $-7750.00     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Palantir Technologie | OPTION   | CUSIP: 69608A108<br>LEI: N/A                  | Long             | DE               |  | US        |       500 | NC      | $250.00       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Broadcom Inc         | OPTION   | CUSIP: 11135F101<br>LEI: N/A                  | Long             | DE               |  | US        |       250 | NC      | $103125.00    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| VanEck Vectors Semic | OPTION   | CUSIP: 92189F676<br>LEI: N/A                  | Short            | DE               |  | US        |      -500 | NC      | $-300000.00   | -0.09%            |  |  |  | No            |                  2 | On Loan: No      |
| Invesco QQQ Trust Se | OPTION   | CUSIP: 46090E103<br>LEI: N/A                  | Short            | DE               |  | US        |      -200 | NC      | $-101300.00   | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| VanEck Vectors Semic | OPTION   | CUSIP: 92189F676<br>LEI: N/A                  | Long             | DE               |  | US        |       500 | NC      | $1537500.00   | 0.48%             |  |  |  | No            |                  2 | On Loan: No      |
| VanEck Vectors Semic | OPTION   | CUSIP: 92189F676<br>LEI: N/A                  | Short            | DE               |  | US        |      -300 | NC      | $-83100.00    | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| Palantir Technologie | OPTION   | CUSIP: 69608A108<br>LEI: N/A                  | Long             | DE               |  | US        |      2000 | NC      | $3260000.00   | 1.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Palantir Technologie | OPTION   | CUSIP: 69608A108<br>LEI: N/A                  | Long             | DE               |  | US        |       500 | NC      | $250.00       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co  | OPTION   | CUSIP: 46625H100<br>LEI: N/A                  | Short            | DE               |  | US        |      -500 | NC      | $-1500.00     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Tesla Inc            | OPTION   | CUSIP: 88160R101<br>LEI: N/A                  | Long             | DE               |  | US        |       200 | NC      | $42700.00     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| NVIDIA Corp          | OPTION   | CUSIP: 67066G104<br>LEI: N/A                  | Long             | DE               |  | US        |       150 | NC      | $214500.00    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| META PLATFORMS INC.  | OPTION   | CUSIP: 30303M102<br>LEI: N/A                  | Short            | DE               |  | US        |      -100 | NC      | $-3700.00     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| NVIDIA Corp          | OPTION   | CUSIP: 67066G104<br>LEI: N/A                  | Short            | DE               |  | US        |      -500 | NC      | $-671250.00   | -0.21%            |  |  |  | No            |                  2 | On Loan: No      |
| NVIDIA Corp          | OPTION   | CUSIP: 67066G104<br>LEI: N/A                  | Short            | DE               |  | US        |      -500 | NC      | $-125500.00   | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| NVIDIA Corp          | OPTION   | CUSIP: 67066G104<br>LEI: N/A                  | Long             | DE               |  | US        |       500 | NC      | $436250.00    | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| NVIDIA Corp          | OPTION   | CUSIP: 67066G104<br>LEI: N/A                  | Short            | DE               |  | US        |     -1000 | NC      | $-357500.00   | -0.11%            |  |  |  | No            |                  2 | On Loan: No      |
| Financial Select Sec | OPTION   | CUSIP: 81369Y605<br>LEI: N/A                  | Long             | DE               |  | US        |      2000 | NC      | $209000.00    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Financial Select Sec | OPTION   | CUSIP: 81369Y605<br>LEI: N/A                  | Long             | DE               |  | US        |      2000 | NC      | $1000.00      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| NVIDIA Corp          | OPTION   | CUSIP: 67066G104<br>LEI: N/A                  | Long             | DE               |  | US        |      2000 | NC      | $960000.00    | 0.30%             |  |  |  | No            |                  2 | On Loan: No      |
| NVIDIA Corp          | OPTION   | CUSIP: 67066G104<br>LEI: N/A                  | Long             | DE               |  | US        |      3000 | NC      | $1342500.00   | 0.42%             |  |  |  | No            |                  2 | On Loan: No      |
| NVIDIA Corp          | OPTION   | CUSIP: 67066G104<br>LEI: N/A                  | Short            | DE               |  | US        |     -4000 | NC      | $-1610000.00  | -0.51%            |  |  |  | No            |                  2 | On Loan: No      |
| Tesla Inc            | OPTION   | CUSIP: 88160R101<br>LEI: N/A                  | Short            | DE               |  | US        |      -500 | NC      | $-13250.00    | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Dollar General Corp  | OPTION   | CUSIP: 256677105<br>LEI: N/A                  | Short            | DE               |  | US        |      -800 | NC      | $-70000.00    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| NVIDIA Corp          | OPTION   | CUSIP: 67066G104<br>LEI: N/A                  | Long             | DE               |  | US        |      4000 | NC      | $2690000.00   | 0.85%             |  |  |  | No            |                  2 | On Loan: No      |
| NVIDIA Corp          | OPTION   | CUSIP: 67066G104<br>LEI: N/A                  | Long             | DE               |  | US        |      1500 | NC      | $419250.00    | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| HOWMET AEROSPACE INC | OPTION   | CUSIP: 443201108<br>LEI: N/A                  | Short            | DE               |  | US        |     -1716 | NC      | $-304590.00   | -0.10%            |  |  |  | No            |                  2 | On Loan: No      |
| META PLATFORMS INC.  | OPTION   | CUSIP: 30303M102<br>LEI: N/A                  | Short            | DE               |  | US        |      -100 | NC      | $-55750.00    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| NVIDIA Corp          | OPTION   | CUSIP: 67066G104<br>LEI: N/A                  | Long             | DE               |  | US        |      3000 | NC      | $2212500.00   | 0.70%             |  |  |  | No            |                  2 | On Loan: No      |
| NVIDIA Corp          | OPTION   | CUSIP: 67066G104<br>LEI: N/A                  | Long             | DE               |  | US        |      2000 | NC      | $1045000.00   | 0.33%             |  |  |  | No            |                  2 | On Loan: No      |
| META PLATFORMS INC.  | OPTION   | CUSIP: 30303M102<br>LEI: N/A                  | Short            | DE               |  | US        |      -100 | NC      | $-8900.00     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| NVIDIA Corp          | OPTION   | CUSIP: 67066G104<br>LEI: N/A                  | Long             | DE               |  | US        |      2000 | NC      | $93000.00     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| NVIDIA Corp          | OPTION   | CUSIP: 67066G104<br>LEI: N/A                  | Short            | DE               |  | US        |     -1000 | NC      | $-15000.00    | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| HOWMET AEROSPACE INC | OPTION   | CUSIP: 443201108<br>LEI: N/A                  | Short            | DE               |  | US        |      -500 | NC      | $-677500.00   | -0.21%            |  |  |  | No            |                  2 | On Loan: No      |
| Gilead Sciences Inc  | OPTION   | CUSIP: 375558103<br>LEI: N/A                  | Short            | DE               |  | US        |     -1000 | NC      | $-47000.00    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| META PLATFORMS INC.  | OPTION   | CUSIP: 30303M102<br>LEI: N/A                  | Short            | DE               |  | US        |      -100 | NC      | $-284250.00   | -0.09%            |  |  |  | No            |                  2 | On Loan: No      |
| HOWMET AEROSPACE INC | OPTION   | CUSIP: 443201108<br>LEI: N/A                  | Long             | DE               |  | US        |      2016 | NC      | $977760.00    | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| HOWMET AEROSPACE INC | OPTION   | CUSIP: 443201108<br>LEI: N/A                  | Long             | DE               |  | US        |      1000 | NC      | $272500.00    | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| HOWMET AEROSPACE INC | OPTION   | CUSIP: 443201108<br>LEI: N/A                  | Long             | DE               |  | US        |      2000 | NC      | $580000.00    | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| META PLATFORMS INC.  | OPTION   | CUSIP: 30303M102<br>LEI: N/A                  | Short            | DE               |  | US        |      -400 | NC      | $-322000.00   | -0.10%            |  |  |  | No            |                  2 | On Loan: No      |
| NVIDIA Corp          | OPTION   | CUSIP: 67066G104<br>LEI: N/A                  | Long             | DE               |  | US        |       500 | NC      | $12000.00     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| NVIDIA Corp          | OPTION   | CUSIP: 67066G104<br>LEI: N/A                  | Long             | DE               |  | US        |      2000 | NC      | $6065000.00   | 1.91%             |  |  |  | No            |                  2 | On Loan: No      |
| iShares Russell 2000 | OPTION   | CUSIP: 464287655<br>LEI: N/A                  | Long             | DE               |  | US        |      1000 | NC      | $500.00       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| iShares Russell 2000 | OPTION   | CUSIP: 464287655<br>LEI: N/A                  | Long             | DE               |  | US        |      1000 | NC      | $500.00       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Axon Enterprise Inc  | OPTION   | CUSIP: 05464C101<br>LEI: N/A                  | Long             | DE               |  | US        |       100 | NC      | $764000.00    | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| iShares Russell 2000 | OPTION   | CUSIP: 464287655<br>LEI: N/A                  | Long             | DE               |  | US        |       500 | NC      | $43250.00     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| iShares Russell 2000 | OPTION   | CUSIP: 464287655<br>LEI: N/A                  | Long             | DE               |  | US        |       500 | NC      | $250.00       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| META PLATFORMS INC.  | OPTION   | CUSIP: 30303M102<br>LEI: N/A                  | Short            | DE               |  | US        |      -400 | NC      | $-429000.00   | -0.14%            |  |  |  | No            |                  2 | On Loan: No      |
| Abercrombie & Fitch  | OPTION   | CUSIP: 002896207<br>LEI: N/A                  | Long             | DE               |  | US        |       100 | NC      | $164500.00    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Amazon.com Inc       | OPTION   | CUSIP: 023135106<br>LEI: N/A                  | Long             | DE               |  | US        |      1000 | NC      | $500.00       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| iShares Russell 2000 | OPTION   | CUSIP: 464287655<br>LEI: N/A                  | Short            | 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      | $240000.00    | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Zeta Global Holdings | OPTION   | CUSIP: 98956A105<br>LEI: N/A                  | Long             | DE               |  | US        |         1 | NC      | $20.00        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| VanEck Vectors Semic | OPTION   | CUSIP: 92189F676<br>LEI: N/A                  | Long             | DE               |  | US        |       140 | NC      | $769300.00    | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| VanEck Vectors Semic | OPTION   | CUSIP: 92189F676<br>LEI: N/A                  | Short            | DE               |  | US        |      -360 | NC      | $-7560.00     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| VanEck Vectors Semic | OPTION   | CUSIP: 92189F676<br>LEI: N/A                  | Short            | DE               |  | US        |      -300 | NC      | $-12300.00    | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co  | OPTION   | CUSIP: 46625H100<br>LEI: N/A                  | Long             | DE               |  | US        |       500 | NC      | $7750.00      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| META PLATFORMS INC.  | OPTION   | CUSIP: 30303M102<br>LEI: N/A                  | Long             | DE               |  | US        |       400 | NC      | $475000.00    | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| NVIDIA Corp          | OPTION   | CUSIP: 67066G104<br>LEI: N/A                  | Short            | DE               |  | US        |     -2000 | NC      | $-1145000.00  | -0.36%            |  |  |  | No            |                  2 | On Loan: No      |
| NVIDIA Corp          | OPTION   | CUSIP: 67066G104<br>LEI: N/A                  | Long             | DE               |  | US        |      2000 | NC      | $2010000.00   | 0.63%             |  |  |  | No            |                  2 | On Loan: No      |
| VanEck Vectors Semic | OPTION   | CUSIP: 92189F676<br>LEI: N/A                  | Long             | DE               |  | US        |       300 | NC      | $8700.00      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-07-21

**Name of Applicant:** Starboard Investment Trust

**Signature:** Pete Mccabe

**Name of Signer:** Pete Mccabe

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