STARBOARD INVT TR

Ticker: RHRX CUSIP: 85521B775 Class: ETF

Holders for Q4 2025 Position Changes for Q4 2025

Note: Option positions (PUT/CALL) are excluded.

New Positions (1)

OLD MISSION CAPITAL LLC

Value ($000) $305 Shares 16,573

Institution	Shares	Value ($000)
OLD MISSION CAPITAL LLC	16,573	$305

Increased Positions (4)

NewEdge Advisors, LLC

Value ($000) $460 (+78.8%) Shares 25,012 (+77.1%)

OSAIC HOLDINGS, INC.

Value ($000) $34 (+875.8%) Shares 1,871 (+812.7%)

LPL Financial LLC

Value ($000) $920 (+3.7%) Shares 49,998 (+2.7%)

SUSQUEHANNA INTERNATIONAL GROUP, LLP

Value ($000) $799 (+2.2%) Shares 43,406 (+1.2%)

Institution	Prev Shares	Curr Shares	Change
NewEdge Advisors, LLC	14,122	25,012	+10,890 (+77.1%)
OSAIC HOLDINGS, INC.	205	1,871	+1,666 (+812.7%)
LPL Financial LLC	48,685	49,998	+1,313 (+2.7%)
SUSQUEHANNA INTERNATIONAL GROUP, LLP	42,884	43,406	+522 (+1.2%)

Decreased Positions (3)

INTEGRITY ALLIANCE, LLC.

Value ($000) $2,846 (-2.2%) Shares 154,649 (-3.1%)

Cetera Investment Advisers

Value ($000) $1,946 (-18.7%) Shares 105,754 (-19.4%)

Value ($000) $26 (-74.6%) Shares 1,400 (-74.8%)

Institution	Prev Shares	Curr Shares	Change
INTEGRITY ALLIANCE, LLC.	159,654	154,649	-5,005 (-3.1%)
Cetera Investment Advisers	131,256	105,754	-25,502 (-19.4%)
UBS Group AG	5,566	1,400	-4,166 (-74.8%)

Exited Positions (2)

GTS SECURITIES LLC

Value ($000) $317 Shares 17,391

CoreCap Advisors, LLC

Value ($000) $3 Shares 138

Institution	Prev Shares	Prev Value ($000)
GTS SECURITIES LLC	17,391	$317
CoreCap Advisors, LLC	138	$3