Kazazian Asset Management, LLC Diversified Active

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
BLND	BLEND LABS INC	385,420	$1,172	1.2%	$3.19	0.0%	CL A	09352U108
CE	CELANESE CORP DEL	21,000	$888	0.9%	$40.78	0.0%	COM	150870103
FISV	FISERV INC	11,000	$739	0.8%	$83.87	0.0%	COM	337738108
STUB	STUBHUB HLDGS INC	49,277	$667	0.7%	$15.72	0.0%	CL A	86384P109
CELH	CELSIUS HLDGS INC	11,100	$508	0.5%	$50.38	0.0%	COM NEW	15118V207
FCX	FREEPORT-MCMORAN INC	7,000	$356	0.4%	$43.31	0.0%	CL B	35671D857
NOW	SERVICENOW INC	2,000	$306	0.3%	$171.54	0.0%	COM	81762P102
CAVA	CAVA GROUP INC	3,860	$227	0.2%	$55.77	0.0%	COM	148929102

Increased Positions (11)

AMZN AMAZON COM INC 13.0%

Value ($000) $12,349 (+72.0%) Shares 53,500 (+63.6%) Est. Cost $215.25 Unrealized +6.3%

CMG CHIPOTLE MEXICAN GRILL INC 1.9%

Value ($000) $1,794 (+100.7%) Shares 48,477 (+112.6%) Est. Cost $40.34 Unrealized -10.3%

CHWY CHEWY INC 2.9%

Value ($000) $2,776 (+32.7%) Shares 84,000 (+62.4%) Est. Cost $32.71 Unrealized +6.1%

MTN VAIL RESORTS INC 1.8%

Value ($000) $1,683 (+29.8%) Shares 12,670 (+46.2%) Est. Cost $152.67 Unrealized -3.6%

ABNB AIRBNB INC 2.5%

Value ($000) $2,375 (+15.1%) Shares 17,500 (+2.9%) Est. Cost $133.32 Unrealized -6.6%

PLAY DAVE & BUSTERS ENTMT INC 1.7%

Value ($000) $1,621 (+17.9%) Shares 100,000 (+32.1%) Est. Cost $29.39 Unrealized -43.1%

XYZ BLOCK INC 0.9%

Value ($000) $841 (+29.1%) Shares 12,913 (+43.4%) Est. Cost $78.09 Unrealized -11.7%

PYPL PAYPAL HLDGS INC 0.5%

Value ($000) $467 (+55.7%) Shares 8,000 (+78.8%) Est. Cost $75.49 Unrealized -14.1%

HOV HOVNANIAN ENTERPRISES INC 0.4%

Value ($000) $371 (+80.3%) Shares 3,800 (+137.5%) Est. Cost $118.10 Unrealized -0.1%

EWCZ EUROPEAN WAX CTR INC 1.3%

Value ($000) $1,231 (-7.9%) Shares 342,000 (+2.1%) Est. Cost $5.50 Unrealized -32.0%

SLQT SELECTQUOTE INC 0.2%

Value ($000) $150 (+35.8%) Shares 106,330 (+88.8%) Est. Cost $2.19 Unrealized -23.5%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
AMZN	AMAZON COM INC	53,500 (+63.6%)	$12,349 (+72.0%)	13.0%	$215.25	+6.3%	COM	023135106
CMG	CHIPOTLE MEXICAN GRILL INC	48,477 (+112.6%)	$1,794 (+100.7%)	1.9%	$40.34	-10.3%	COM	169656105
CHWY	CHEWY INC	84,000 (+62.4%)	$2,776 (+32.7%)	2.9%	$32.71	+6.1%	CL A	16679L109
MTN	VAIL RESORTS INC	12,670 (+46.2%)	$1,683 (+29.8%)	1.8%	$152.67	-3.6%	COM	91879Q109
ABNB	AIRBNB INC	17,500 (+2.9%)	$2,375 (+15.1%)	2.5%	$133.32	-6.6%	COM CL A	009066101
PLAY	DAVE & BUSTERS ENTMT INC	100,000 (+32.1%)	$1,621 (+17.9%)	1.7%	$29.39	-43.1%	COM	238337109
XYZ	BLOCK INC	12,913 (+43.4%)	$841 (+29.1%)	0.9%	$78.09	-11.7%	CL A	852234103
PYPL	PAYPAL HLDGS INC	8,000 (+78.8%)	$467 (+55.7%)	0.5%	$75.49	-14.1%	COM	70450Y103
HOV	HOVNANIAN ENTERPRISES INC	3,800 (+137.5%)	$371 (+80.3%)	0.4%	$118.10	-0.1%	CL A NEW	442487401
EWCZ	EUROPEAN WAX CTR INC	342,000 (+2.1%)	$1,231 (-7.9%)	1.3%	$5.50	-32.0%	CLASS A COM	29882P106
SLQT	SELECTQUOTE INC	106,330 (+88.8%)	$150 (+35.8%)	0.2%	$2.19	-23.5%	COM	816307300

Exited Positions (7)

GS GOLDMAN SACHS GROUP INC 1.1%

Value ($000) $1,035 Shares 1,300 Est. Cost $170.89 Unrealized +375.9%

FDX FEDEX CORP 0.9%

Value ($000) $813 Shares 3,449 Est. Cost $161.69 Unrealized +61.8%

PD PAGERDUTY INC 0.7%

Value ($000) $677 Shares 41,000 Est. Cost $15.90 Unrealized -8.3%

CGNX COGNEX CORP 0.4%

Value ($000) $404 Shares 8,920 Est. Cost $38.44 Unrealized +5.2%

— BOXLIGHT CORP 0.4%

Value ($000) $380 Shares 157,477 Est. Cost $1.76 Unrealized —

DOW DOW INC 0.4%

Value ($000) $367 Shares 16,000 Est. Cost $24.31 Unrealized -6.3%

PSCE INVESCO EXCH TRADED FD TR II 0.2%

Value ($000) $213 Shares 5,000 Est. Cost $42.62 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
GS	GOLDMAN SACHS GROUP INC	1,300	$1,035	1.1%	$170.89	+375.9%	—	38141G104
FDX	FEDEX CORP	3,449	$813	0.9%	$161.69	+61.8%	—	31428X106
PD	PAGERDUTY INC	41,000	$677	0.7%	$15.90	-8.3%	—	69553P100
CGNX	COGNEX CORP	8,920	$404	0.4%	$38.44	+5.2%	—	192422103
—	BOXLIGHT CORP	157,477	$380	0.4%	$1.76	—	—	103197307
DOW	DOW INC	16,000	$367	0.4%	$24.31	-6.3%	—	260557103
PSCE	INVESCO EXCH TRADED FD TR II	5,000	$213	0.2%	$42.62	—	—	46138G474

Decreased Positions (12)

LZ LEGALZOOM COM INC 0.7%

Value ($000) $695 (-43.9%) Shares 70,000 (-41.3%) Est. Cost $7.53 Unrealized +31.6%

DIS DISNEY WALT CO 9.2%

Value ($000) $8,721 (-5.6%) Shares 76,651 (-5.0%) Est. Cost $103.77 Unrealized +5.6%

NESR NATIONAL ENERGY SERVICES REU 1.1%

Value ($000) $1,018 (-30.9%) Shares 65,000 (-54.8%) Est. Cost $7.92 Unrealized +65.6%

GM GENERAL MTRS CO 1.3%

Value ($000) $1,188 (-22.0%) Shares 14,611 (-41.6%) Est. Cost $28.78 Unrealized +144.6%

PCG PG&E CORP 0.3%

Value ($000) $321 (-46.8%) Shares 19,974 (-50.1%) Est. Cost $14.52 Unrealized +9.7%

DOCU DOCUSIGN INC 0.6%

Value ($000) $608 (-25.9%) Shares 8,896 (-21.9%) Est. Cost $79.85 Unrealized -13.4%

NBIS NEBIUS GROUP N.V. 0.2%

Value ($000) $220 (-46.0%) Shares 2,633 (-27.5%) Est. Cost $32.90 Unrealized +215.0%

MDB MONGODB INC 0.7%

Value ($000) $672 (+32.3%) Shares 1,600 (-2.1%) Est. Cost $282.40 Unrealized +28.8%

MSOS ADVISORSHARES TR 2.6%

Value ($000) $2,450 (-5.1%) Shares 519,154 (-3.7%) Est. Cost $2.61 Unrealized —

NNDM NANO DIMENSION LTD 0.1%

Value ($000) $98 (-37.5%) Shares 63,700 (-36.3%) Est. Cost $1.57 Unrealized —

NET CLOUDFLARE INC 0.2%

Value ($000) $227 (-15.5%) Shares 1,150 (-8.0%) Est. Cost $97.70 Unrealized +116.5%

CRON CRONOS GROUP INC 0.1%

Value ($000) $103 (-24.6%) Shares 39,214 (-20.3%) Est. Cost $2.09 Unrealized +24.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
LZ	LEGALZOOM COM INC	70,000 (-41.3%)	$695 (-43.9%)	0.7%	$7.53	+31.6%	COM	52466B103
DIS	DISNEY WALT CO	76,651 (-5.0%)	$8,721 (-5.6%)	9.2%	$103.77	+5.6%	COM	254687106
NESR	NATIONAL ENERGY SERVICES REU	65,000 (-54.8%)	$1,018 (-30.9%)	1.1%	$7.92	+65.6%	SHS	G6375R107
GM	GENERAL MTRS CO	14,611 (-41.6%)	$1,188 (-22.0%)	1.3%	$28.78	+144.6%	COM	37045V100
PCG	PG&E CORP	19,974 (-50.1%)	$321 (-46.8%)	0.3%	$14.52	+9.7%	COM	69331C108
DOCU	DOCUSIGN INC	8,896 (-21.9%)	$608 (-25.9%)	0.6%	$79.85	-13.4%	COM	256163106
NBIS	NEBIUS GROUP N.V.	2,633 (-27.5%)	$220 (-46.0%)	0.2%	$32.90	+215.0%	SHS CLASS A	N97284108
MDB	MONGODB INC	1,600 (-2.1%)	$672 (+32.3%)	0.7%	$282.40	+28.8%	CL A	60937P106
MSOS	ADVISORSHARES TR	519,154 (-3.7%)	$2,450 (-5.1%)	2.6%	$2.61	—	PURE US CANNABIS	00768Y453
NNDM	NANO DIMENSION LTD	63,700 (-36.3%)	$98 (-37.5%)	0.1%	$1.57	—	SPONSORD ADS NEW	63008G203
NET	CLOUDFLARE INC	1,150 (-8.0%)	$227 (-15.5%)	0.2%	$97.70	+116.5%	CL A COM	18915M107
CRON	CRONOS GROUP INC	39,214 (-20.3%)	$103 (-24.6%)	0.1%	$2.09	+24.0%	COM	22717L101

Unchanged Positions (18)

GOOG ALPHABET INC 16.7%

Value ($000) $15,871 Shares 50,577 Est. Cost $171.53 Unrealized +66.9%

C CITIGROUP INC 17.5%

Value ($000) $16,651 Shares 142,694 Est. Cost $60.85 Unrealized +70.3%

BABA ALIBABA GROUP HLDG LTD 2.7%

Value ($000) $2,586 Shares 17,641 Est. Cost $123.40 Unrealized —

GOOGL ALPHABET INC 2.4%

Value ($000) $2,266 Shares 7,240 Est. Cost $163.29 Unrealized +74.9%

ETSY ETSY INC 2.4%

Value ($000) $2,288 Shares 41,270 Est. Cost $53.12 Unrealized +14.9%

EXPE EXPEDIA GROUP INC 1.2%

Value ($000) $1,162 Shares 4,100 Est. Cost $132.80 Unrealized +85.9%

EAT BRINKER INTL INC 1.4%

Value ($000) $1,300 Shares 9,061 Est. Cost $112.55 Unrealized +16.4%

FTAI FTAI AVIATION LTD 1.0%

Value ($000) $984 Shares 5,000 Est. Cost $117.07 Unrealized +45.4%

BLCO BAUSCH PLUS LOMB CORP 1.0%

Value ($000) $948 Shares 55,529 Est. Cost $12.03 Unrealized +31.8%

ZS ZSCALER INC 0.3%

Value ($000) $255 Shares 1,132 Est. Cost $193.56 Unrealized +45.8%

DHX DHI GROUP INC 0.1%

Value ($000) $102 Shares 65,873 Est. Cost $2.38 Unrealized -20.6%

KWEB KRANESHARES TRUST 0.3%

Value ($000) $270 Shares 7,933 Est. Cost $37.94 Unrealized —

GTM ZOOMINFO TECHNOLOGIES INC 0.6%

Value ($000) $568 Shares 55,809 Est. Cost $10.69 Unrealized -3.7%

SHOP SHOPIFY INC 0.4%

Value ($000) $427 Shares 2,650 Est. Cost $97.26 Unrealized +65.1%

SNOW SNOWFLAKE INC 0.9%

Value ($000) $834 Shares 3,800 Est. Cost $150.53 Unrealized +62.1%

BAC BANK AMERICA CORP 0.4%

Value ($000) $369 Shares 6,715 Est. Cost $42.83 Unrealized +23.0%

OKTA OKTA INC 0.3%

Value ($000) $259 Shares 3,000 Est. Cost $93.37 Unrealized -6.5%

BIDU BAIDU INC 1.1%

Value ($000) $1,009 Shares 7,720 Est. Cost $98.72 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
GOOG	ALPHABET INC	50,577	$15,871	16.7%	$171.53	+66.9%	CAP STK CL C	02079K107
C	CITIGROUP INC	142,694	$16,651	17.5%	$60.85	+70.3%	COM NEW	172967424
BABA	ALIBABA GROUP HLDG LTD	17,641	$2,586	2.7%	$123.40	—	SPONSORED ADS	01609W102
GOOGL	ALPHABET INC	7,240	$2,266	2.4%	$163.29	+74.9%	CAP STK CL A	02079K305
ETSY	ETSY INC	41,270	$2,288	2.4%	$53.12	+14.9%	COM	29786A106
EXPE	EXPEDIA GROUP INC	4,100	$1,162	1.2%	$132.80	+85.9%	COM NEW	30212P303
EAT	BRINKER INTL INC	9,061	$1,300	1.4%	$112.55	+16.4%	COM	109641100
FTAI	FTAI AVIATION LTD	5,000	$984	1.0%	$117.07	+45.4%	SHS	G3730V105
BLCO	BAUSCH PLUS LOMB CORP	55,529	$948	1.0%	$12.03	+31.8%	COMMON SHARES	071705107
ZS	ZSCALER INC	1,132	$255	0.3%	$193.56	+45.8%	COM	98980G102
DHX	DHI GROUP INC	65,873	$102	0.1%	$2.38	-20.6%	COM	23331S100
KWEB	KRANESHARES TRUST	7,933	$270	0.3%	$37.94	—	CSI CHI INTERNET	500767306
GTM	ZOOMINFO TECHNOLOGIES INC	55,809	$568	0.6%	$10.69	-3.7%	COMMON STOCK	98980F104
SHOP	SHOPIFY INC	2,650	$427	0.4%	$97.26	+65.1%	CL A SUB VTG SHS	82509L107
SNOW	SNOWFLAKE INC	3,800	$834	0.9%	$150.53	+62.1%	COM SHS	833445109
BAC	BANK AMERICA CORP	6,715	$369	0.4%	$42.83	+23.0%	COM	060505104
OKTA	OKTA INC	3,000	$259	0.3%	$93.37	-6.5%	CL A	679295105
BIDU	BAIDU INC	7,720	$1,009	1.1%	$98.72	—	SPON ADR REP A	056752108