# EDGAR Filing Document

**Accession Number:** 0001464413
**File Stem:** 0002000324-25-003024
**Filing Date:** 2025-8
**Character Count:** 13778
**Document Hash:** 4d842afe6ba2b9aed4624953ffed0a0d
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002000324-25-003024.hdr.sgml**: 20250825

**ACCESSION NUMBER**: 0002000324-25-003024

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250825

**DATE AS OF CHANGE**: 20250825

**PERIOD START**: 20250930

**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:** 251248933

**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 | TLT | iShares 20+ Year Tre | asury Bond ETF |  | 464287432 | 1031 | Debt Fund |  | ETF | EXCHANGE TRADED FUND | EXCHANGE TRADED FUND |  |  | USA | UNITED STATES |  |  | USD | US DOLLAR | 1/0/1900 |  |  | 88.25 |  |  |  |  |  | iShares 20+ Year Tre | asury Bond ETF |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 16710.00 | L<br> N |  |  | 6/30/2025<br> C |  | 245;USD | USD | 5000.00 | 431525.00 | 431525.00 | 441250.00 | 441250.00 | 9725.00 | 9725.00 | 3.79 | False | 0.00 | N/A | 1.10 | 1.09 | 1.10 | 0.00 |  |  | TLT<br> N | MP |
| 245 | Sector Rotation Fund | SQQQ | PROSHARES ULTRAPRO |  |  | 74347G192 | 1040 | Exchange Traded Fund |  | ETF | EXCHANGE TRADED FUND | EXCHANGE TRADED FUND |  |  | USA | UNITED STATES | MD | MARYLAND | USD | US DOLLAR | 1/0/1900 |  |  | 19.57 |  |  |  |  |  | PROSHARES ULTRAPRO |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 86240.00 | L<br> N |  |  | 6/30/2025<br> C |  | 245;USD | USD | 80000.00 | 1743447.10 | 1743447.10 | 1565600.00 | 1565600.00 | -177847.10 | -177847.10 | 5.51 | False | 0.00 | N/A | 3.92 | 3.87 | 3.89 | 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 |  |  | 171.03 |  |  |  |  |  | Vanguard | Communication Servic |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 54765.00 | L<br> N |  |  | 6/30/2025<br> C |  | 245;USD | USD | 45000.00 | 4648298.50 | 4648298.50 | 7696350.00 | 7696350.00 | 3048051.50 | 3048051.50 | 0.71 | False | 0.00 | N/A | 19.26 | 19.00 | 19.13 | 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 |  |  | 617.85 |  |  |  |  |  | SPDR S&P 500 ETF Tru | st |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 6634.00 | L<br> N |  |  | 6/30/2025<br> C |  | 245;USD | USD | 1000.00 | 105140.00 | 105140.00 | 617850.00 | 617850.00 | 512710.00 | 512710.00 | 1.07 | False | 0.00 | N/A | 1.55 | 1.53 | 1.54 | 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 |  |  | 280.07 |  |  |  |  |  | Vanguard Industrials | ETF |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 74875.00 | L<br> N |  |  | 6/30/2025<br> C |  | 245;USD | USD | 25000.00 | 4126262.20 | 4126262.20 | 7001750.00 | 7001750.00 | 2875487.80 | 2875487.80 | 1.07 | False | 0.00 | N/A | 17.52 | 17.29 | 17.40 | 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 |  |  | 362.32 |  |  |  |  |  | Vanguard Consumer Di | scretionary ETF |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 43299.00 | L<br> N |  |  | 6/30/2025<br> C |  | 245;USD | USD | 17000.00 | 3333994.80 | 3333994.80 | 6159440.00 | 6159440.00 | 2825445.20 | 2825445.20 | 0.70 | False | 0.00 | N/A | 15.41 | 15.21 | 15.31 | 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 |  |  | 127.30 |  |  |  |  |  | Vanguard Financials | ETF |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 48000.00 | L<br> N |  |  | 6/30/2025<br> C |  | 245;USD | USD | 25000.00 | 2243686.50 | 2243686.50 | 3182500.00 | 3182500.00 | 938813.50 | 938813.50 | 1.51 | False | 0.00 | N/A | 7.96 | 7.86 | 7.91 | 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 |  |  | 248.34 |  |  |  |  |  | Vanguard Health Care | ETF |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 51120.00 | L<br> N |  |  | 6/30/2025<br> C |  | 245;USD | USD | 15000.00 | 3473908.90 | 3473908.90 | 3725100.00 | 3725100.00 | 251191.10 | 251191.10 | 1.37 | False | 0.00 | N/A | 9.32 | 9.20 | 9.26 | 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 |  |  | 663.28 |  |  |  |  |  | Vanguard Information | Technology ETF |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 37476.00 | L<br> N |  |  | 6/30/2025<br> C |  | 245;USD | USD | 12000.00 | 3086008.30 | 3086008.30 | 7959360.00 | 7959360.00 | 4873351.70 | 4873351.70 | 0.47 | False | 0.00 | N/A | 19.92 | 19.65 | 19.78 | 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 | 7/1/2025 |  |  | 100.00 |  |  |  |  |  | Fidelity Investments | Money Market Funds |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 67620.74 | L<br> N |  |  | 6/30/2025<br> C |  | 245;USD | USD | 1613361.46 | 1613361.46 | 1613361.46 | 1613361.46 | 1613361.46 | 0.00 | 0.00 | 4.19 | False | 4.18 |  | 4.04 | 3.98 | 4.01 | 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:** 2025-09-30

- **b. Date as of which information is reported:** 2025-06-30

**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:** $40506766.64

**Total Liabilities:** $270871.23

**Net Assets:** $40235895.41

**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 | -1.17%               | 7.34%                | 4.28%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-330895.39              | $-50962.50                                 |
| Month 2  | $237191.02               | $2434889.10                                |
| Month 3  | $3.00                    | $1624917.90                                |

### 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      | $617850.00    | 1.54%             |  |  |  | No            |                  1 | On Loan: No      |
| PROSHARES ULTRAPRO   | ETF      | CUSIP: 74347G192<br>LEI: KC8ZSAS0N653Z8PPTO65 | Long             | EC               | CORP              | US        |     80000 | NS      | $1565600.00   | 3.89%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares 20+ Year Tre | ETF      | CUSIP: 464287432<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5000 | NS      | $441250.00    | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Vanguard Consumer Di | ETF      | CUSIP: 92204A108<br>LEI: NH4EW5X2H2SQ04NCCD83 | Long             | EC               | CORP              | US        |     17000 | NS      | $6159440.00   | 15.31%            |  |  |  | No            |                  1 | On Loan: No      |
| Vanguard Financials  | ETF      | CUSIP: 92204A405<br>LEI: G1LHPY5HPCPGWBXV0P88 | Long             | EC               | CORP              | US        |     25000 | NS      | $3182500.00   | 7.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Vanguard Information | ETF      | CUSIP: 92204A702<br>LEI: J2NTZGJBERBYMUMBIE74 | Long             | EC               | CORP              | US        |     12000 | NS      | $7959360.00   | 19.78%            |  |  |  | No            |                  1 | On Loan: No      |
| Vanguard Health Care | ETF      | CUSIP: 92204A504<br>LEI: 4G9X037GNB6OUK17TK21 | Long             | EC               | CORP              | US        |     15000 | NS      | $3725100.00   | 9.26%             |  |  |  | No            |                  1 | On Loan: No      |
| US92204A6038         | ETF      | CUSIP: 92204A603<br>LEI: 5493002789CX3L0CJP65 | Long             | EC               | CORP              | US        |     25000 | NS      | $7001750.00   | 17.40%            |  |  |  | No            |                  1 | On Loan: No      |
| Vanguard             | ETF      | CUSIP: 92204A884<br>LEI: G72911VLR8K3DTWYSX34 | Long             | EC               | CORP              | US        |     45000 | NS      | $7696350.00   | 19.13%            |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Investments | MONEYMKT | CUSIP: 316175504<br>LEI: 6X064LF7Y6B4DKF2GZ26 | Long             | STIV             |  | US        |   1613362 | NS      | $1613361.46   | 4.01%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-08-13

**Name of Applicant:** Starboard Investment Trust

**Signature:** Pete Mccabe

**Name of Signer:** Pete Mccabe

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