UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                    FORM 13F

                               FORM 13F Cover Page



Report for the Calendar Year or Quarter Ended: June 30, 2012

Check here if Amendment:           |_|; Amendment Number: ____

This Amendment (Check only one):   |_| is a restatement
                                   |_| adds new holding entries.

Institutional Manager Filing this Report:

Name:     Kacela Capital, LLC

Address:  7 Times Square, 25th Floor
          New York, NY 10036


13F File Number: 028-14244

The institutional investment manager filing this report and the person by whom
it is signed hereby  represent that the person signing the report is authorized
to submit it, that all information contained  herein is true, correct and
complete, and that it is understood that all required items, statements,
schedules, lists, and tables are considered integral parts of this form.

Person Signing this Report on Behalf of Reporting Manager:

Name:   Steven DiMartino
Title:  Chief Financial Officer
Phone:  212-634-6402


Signature, Place and Date of Signing:


/s/ Steven DiMartino         New York, New York             August 10, 2012
-------------------     ---------------------------      --------------------
     [Signature]                [City, State]                  [Date]



Report Type:  (Check only one):

[X]      13F HOLDINGS REPORT.  (Check here if all holdings of this reporting
         manager are reported in this report).

[_]      13F NOTICE.  (Check here if no holdings reported are in this report,
         and all holdings are reported by other reporting managers(s).)

[_]      13F COMBINATION REPORT.  (Check here if a portion of the holdings for
         this reporting manager are reported in this report and a portion are
         reported by other reporting manager(s).)


List of Other Managers Reporting for this Manager: None



                                Form 13F SUMMARY PAGE


Report Summary:


Number of Other Included Managers:        1

Form 13F Information Table Entry Total:   0 (1)

Form 13F Information Table Value Total:  $0
                                         (thousands)


List of Other Included Managers:

No.              Form 13F         File Number

1                028-14245        Kacela Offshore Fund, Ltd.

(1)   Kacela Capital, LLC ceased conducting investment advisory activities as
      of June 30, 2012.  As a result, this will be the last Form 13F filed by
      Kacela Capital, LLC.



SK 25771 0001 1311068