UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED

MANAGEMENT INVESTMENT COMPANIES

Investment Company Act file number: 811-01716

ALLIANCEBERNSTEIN CAP FUND, INC.

(Exact name of registrant as specified in charter)

1345 Avenue of the Americas, New York, New York 10105

(Address of principal executive offices) (Zip code)

Joseph J. Mantineo

AllianceBernstein L.P.

1345 Avenue of the Americas

New York, New York 10105

(Name and address of agent for service)

Registrant’s telephone number, including area code: (800) 221-5672

Date of fiscal year end: March 31, 2013

Date of reporting period: June 30, 2012

ITEM 1. SCHEDULE OF INVESTMENTS.

AllianceBernstein - Emerging Markets Multi-Asset Portfolio

Portfolio of Investments

June 30, 2012 (unaudited)

Company	Shares		U.S. $ Value
COMMON STOCKS - 50.2%
Information Technology - 8.9%
Computers & Peripherals - 1.4%
Pegatron Corp.		56,000	$	73,882
Quanta Computer, Inc.		51,000		136,956
Wistron Corp.		122,000		150,600
				361,438
Electronic Equipment, Instruments & Components - 1.4%
AU Optronics Corp.		368,000		149,552
LG Display Co., Ltd. (a)		11,640		219,756
				369,308
Semiconductors & Semiconductor Equipment - 6.1%
Advanced Semiconductor Engineering, Inc.		353,000		289,774
GCL-Poly Energy Holdings Ltd. (b)		890,800		198,098
Lam Research Corp. (a)		4,890		184,548
Samsung Electronics Co., Ltd.		640		677,752
SK Hynix Inc. (a)		7,170		151,402
Vanguard International Semiconductor Corp.		233,000		108,964
				1,610,538
				2,341,284
Energy - 8.8%
Oil, Gas & Consumable Fuels - 8.8%
BP PLC		19,390		129,490
China Petroleum & Chemical Corp. - Class H		332,000		296,717
Gazprom OAO (Sponsored ADR) (a)		77,550		736,725
KazMunaiGas Exploration Production JSC (GDR) (c)		7,970		134,693
LUKOIL OAO (London) (Sponsored ADR) (a)		3,120		174,970
Petroleo Brasileiro SA (Sponsored ADR)		34,000		616,760
PTT PCL (NVDR)		20,600		211,020
				2,300,375
Financials - 8.5%
Commercial Banks - 7.2%
Banco do Brasil SA		48,100		467,709
Banco do Estado do Rio Grande do Sul (Preference Shares)		10,000		70,699
Banco Santander Brasil SA/Brazil (ADR)		17,570		136,167
Bank Negara Indonesia Persero Tbk PT		391,000		160,768
Bank of China Ltd.		178,000		68,374
Hana Financial Group, Inc.		4,820		154,087
Industrial & Commercial Bank of China - Class H		269,000		150,798
KB Financial Group, Inc.		7,020		229,322
Komercni Banka AS		890		155,262
State Bank of India (Sponsored GDR) (c)		615		47,286
Turkiye Vakiflar Bankasi Tao - Class D		129,600		270,221
				1,910,693
Real Estate Management & Development - 1.3%
Evergrande Real Estate Group Ltd. (b)		335,000		173,495

Company	Shares		U.S. $ Value
Soho China Ltd.		207,500	$	159,813
				333,308
				2,244,001
Materials - 7.3%
Chemicals - 1.5%
Hyosung Corp.		3,150		152,270
Mitsubishi Gas Chemical Co., Inc.		26,000		147,810
OCI Co., Ltd.		430		86,055
				386,135
Construction Materials - 0.7%
China Shanshui Cement Group Ltd.		113,000		77,364
West China Cement Ltd.		502,800		99,289
				176,653
Metals & Mining - 5.1%
Exxaro Resources Ltd.		10,600		247,527
KGHM Polska Miedz SA		5,030		220,136
Koza Altin Isletmeleri AS		11,730		226,772
Rio Tinto PLC		3,220		153,026
Vale SA (Sponsored ADR) (Local Preference Shares)		24,020		468,630
Xingda International Holdings Ltd.		133,000		43,957
				1,360,048
				1,922,836
Consumer Discretionary - 7.2%
Auto Components - 0.6%
Sumitomo Rubber Industries Ltd.		11,400		148,484
Automobiles - 2.5%
Dongfeng Motor Group Co., Ltd. - Class H		88,000		138,242
Kia Motors Corp.		4,700		309,776
Volkswagen AG (Preference Shares)		1,280		202,788
				650,806
Distributors - 0.7%
Dah Chong Hong Holdings Ltd.		203,000		182,918
Hotels, Restaurants & Leisure - 0.5%
Melco Crown Entertainment Ltd. (ADR) (a)		5,940		68,429
MGM China Holdings Ltd.		46,000		70,534
				138,963
Household Durables - 1.9%
Brookfield Incorporacoes SA		118,400		195,123
Rossi Residencial SA		75,000		184,092
Turkiye Sise ve Cam Fabrikalari AS		76,490		125,448
				504,663
Specialty Retail - 0.4%
Lewis Group Ltd.		11,640		100,295
Textiles, Apparel & Luxury Goods - 0.6%
Daphne International Holdings Ltd.		60,000		61,293

Company	Shares		U.S. $ Value
Yue Yuen Industrial Holdings Ltd.		34,500	$	107,574
				168,867
				1,894,996
Consumer Staples - 3.8%
Food Products - 2.2%
AVI Ltd.		17,500		107,279
Gruma SAB de CV (a)		74,950		185,357
MHP SA (GDR) (a)(c)		16,520		191,160
NongShim Co., Ltd.		540		97,574
				581,370
Tobacco - 1.6%
British American Tobacco PLC		3,780		192,175
KT&G Corp.		3,190		226,156
				418,331
				999,701
Utilities - 2.6%
Electric Utilities - 1.2%
Light SA		25,300		312,393
Water Utilities - 1.4%
Cia de Saneamento Basico do Estado de Sao Paulo		5,900		226,189
Cia de Saneamento de Minas Gerais-COPASA		7,100		153,771
				379,960
				692,353
Industrials - 2.2%
Airlines - 1.4%
Cathay Pacific Airways Ltd.		227,000		368,612
Industrial Conglomerates - 0.7%
Bidvest Group Ltd.		8,370		186,900
Machinery - 0.1%
Zoomlion Heavy Industry Science and Technology Co., Ltd. (a)		21,800		28,039
				583,551
Telecommunication Services - 0.9%
Diversified Telecommunication Services - 0.6%
Telenor ASA		10,340		172,867
Wireless Telecommunication Services - 0.3%
America Movil SAB de CV (ADR)		2,600		67,756
				240,623
Total Common Stocks (cost $14,251,234)				13,219,720

Company	Principal Amount (000)		U.S. $ Value
GOVERNMENTS - SOVEREIGN BONDS - 8.2%
Brazil - 0.9%
Republic of Brazil 5.625%, 1/07/41	U.S.	$194	$	237,941
Chile - 0.4%
Chile Government International Bond 3.875%, 8/05/20		100		111,000
Colombia - 0.5%
Republic of Colombia 8.125%, 5/21/24		95		138,082
Indonesia - 1.0%
Republic of Indonesia 6.875%, 1/17/18 (c)		105		124,162
7.75%, 1/17/38 (c)		100		137,500
				261,662
Lithuania - 0.4%
Republic of Lithuania 6.125%, 3/09/21 (c)		100		110,000
Mexico - 1.2%
Mexican Bonos 5.125%, 1/15/20		52		60,970
5.625%, 1/15/17		132		153,615
5.75%, 10/12/10		80		91,000
				305,585
Panama - 0.5%
Republic of Panama 7.125%, 1/29/26		100		135,000
Peru - 0.6%
Republic of Peru 8.75%, 11/21/33		95		155,800
Poland - 0.5%
Poland Government International Bond 6.375%, 7/15/19		115		135,452
Qatar - 0.9%
State of Qatar 4.50%, 1/20/22 (c)		200		220,700
Russia - 0.8%
Russian Foreign Bond - Eurobond 7.50%, 3/31/30 (c)		169		202,960
South Africa - 0.5%
South Africa Government International Bond 5.875%, 5/30/22		115		136,949
Total Governments - Sovereign Bonds (cost $2,045,186)				2,151,131

Company	Principal Amount (000)		U.S. $ Value
EMERGING MARKETS - SOVEREIGNS - 7.9%
Argentina - 0.4%
Argentina Bonos
Series 1
8.75%, 6/02/17	U.S.$	131	$	112,660
Belarus - 0.6%
Republic of Belarus
8.75%, 8/03/15 (c)		156		152,490
Cote D’Ivoire - 1.1%
Ivory Coast Government International Bond
2.50%, 12/31/32 (c)(d)(e)		395		292,300
Dominican Republic - 0.8%
Dominican Republic
7.50%, 5/06/21 (c)		200		213,000
Hungary - 0.4%
Hungary Government International Bond
6.375%, 3/29/21		60		58,440
4.75%, 2/03/15		57		54,720
				113,160
Philippines - 0.9%
Philippine Government International Bond
6.375%, 10/23/34		190		243,200
Turkey - 1.8%
Republic of Turkey
7.00%, 9/26/16-6/05/20		300		347,600
6.75%, 4/03/18		100		113,750
				461,350
Uruguay - 0.3%
Republica Orient Uruguay
8.00%, 11/18/22		50		70,375
Venezuela - 1.6%
Republic of Venezuela
7.65%, 4/21/25		623		429,870
Total Emerging Markets - Sovereigns (cost $1,969,127)				2,088,405
QUASI-SOVEREIGNS - 5.2%
Quasi-Sovereign Bonds - 5.2%
Brazil - 0.5%
Banco Nac De Desen Econo
5.50%, 7/12/20 (c)		123		139,759
Chile - 0.4%
Empresa Nacional del Petroleo
4.75%, 12/06/21 (c)		100		105,320

Company	Principal Amount (000)		U.S. $ Value
Indonesia - 0.9%
Perusahaan Listrik Negara PT
5.50%, 11/22/21 (c)	U.S.$	238	$	248,710
Kazakhstan - 0.8%
KazMunayGas National Co.
9.125%, 7/02/18 (c)		165		204,187
Malaysia - 1.3%
Petroliam Nasional Bhd
7.75%, 8/15/15 (c)		100		117,711
Petronas Capital Ltd.
5.25%, 8/12/19 (c)		205		235,576
				353,287
Mexico - 1.3%
Pemex Project Funding Master Trust
5.75%, 3/01/18		65		73,450
6.625%, 6/15/35		140		166,600
Petroleos Mexicanos
5.50%, 1/21/21		80		90,400
				330,450
Total Quasi-Sovereigns (cost $1,355,668)				1,381,713
	Shares
WARRANTS - 4.4%
Financials - 3.3%
Commercial Banks - 3.3%
Allahabad Bank, JPMorgan Chase, expiring 9/29/14 (a)(c)		27,541		73,535
Bank of India, Merrill Lynch, expiring 4/18/16 (a)		21,960		137,035
Canara Bank, Deutsche Bank, expiring 1/17/17 (a)		28,690		212,788
Commercial Bank of Qatar QSC (The), Deutsche Bank, expiring 05/26/17 (a)		11,610		218,036
Punjab National Bank, Merrill Lynch, expiring 7/07/15 (a)		10,532		153,070
Union Bank of India, Merrill Lynch, expiring 7/07/15 (a)		17,800		66,924
				861,388
Materials - 0.6%
Chemicals - 0.6%
United Phosphorus, Merrill Lynch, expiring 2/17/17 (a)		67,020		151,720
Consumer Discretionary - 0.5%
Auto Components - 0.5%
Apollo Tyres Ltd., Merrill Lynch, expiring 12/30/15, expiring 12/30/15 (a)		104,020		147,760

Company	Principal Amount (000)		U.S. $ Value
Total Warrants (cost $1,303,392)			$	1,160,868
EMERGING MARKETS - CORPORATE BONDS - 3.4%
Industrial - 3.4%
Basic - 1.6%
ALROSA Finance SA
7.75%, 11/03/20 (c)	U.S.$	200		209,454
Mongolian Mining Corp.
8.875%, 3/29/17 (c)		200		200,000
				409,454
Capital Goods - 0.8%
Cemex Finance LLC
9.50%, 12/14/16 (c)		213		207,675
Consumer Cyclical - Other - 0.4%
Desarrolladora Homex SAB de CV
9.75%, 3/25/20 (c)		107		112,350
Other Industrial - 0.6%
Marfrig Holding Europe BV
8.375%, 5/09/18 (c)		200		156,000
Total Emerging Markets - Corporate Bonds (cost $900,235)				885,479
CORPORATES - NON-INVESTMENT GRADES - 1.9%
Industrial - 1.1%
Energy - 0.4%
Pacific Rubiales Energy Corp.
7.25%, 12/12/21 (c)		100		108,500
Technology - 0.7%
Micron Technology, Inc.
Series D
3.125%, 5/01/32 (c)		207		188,629
				297,129
Financial Institutions - 0.8%
Finance - 0.8%
Sistema International Funding
6.95%, 5/17/19 (c)		200		197,092
Total Corporates - Non-Investment Grades (cost $486,944)				494,221
CORPORATES - INVESTMENT GRADES - 1.1%
Utility - 0.8%
Natural Gas - 0.8%
Talent Yield Investments Ltd.
4.50%, 4/25/22 (c)		200		204,609

Company	Principal Amount (000)		U.S. $ Value
Industrial - 0.3%
Basic - 0.3%
Vale Overseas Ltd.
6.875%, 11/21/36	U.S.$	72	$	83,517
Total Corporates - Investment Grades (cost $281,011)				288,126
EMERGING MARKETS - TREASURIES - 0.6%
Turkey - 0.6%
Turkey Government Bond
Series 2YR
10.00%, 12/04/13 (cost $157,983)	TRY	285		160,268
	Contracts
OPTIONS PURCHASED - CALLS - 0.5%
Options on Funds and Investment Trusts - 0.5%
iShares FTSE China 25 Index Fund
Expiration: Sep 2012, Exercise Price: $ 34.00 (a)(f)		58		8,410
iShares MSCI Brazil Index Fund
Expiration: Sep 2012, Exercise Price: $ 54.00 (a)(f)		104		17,680
iShares MSCI Emerging Markets Index Fund
Expiration: Aug 2012, Exercise Price: $ 40.00 (a)(f)		392		39,200
iShares MSCI Emerging Markets Index Fund
Expiration: Sep 2012, Exercise Price: $ 39.00 (a)(f)		342		70,110
Total Options Purchased - Calls (cost $116,466)				135,400
OPTIONS PURCHASED - PUTS - 0.1%
Options on Funds and Investment Trusts - 0.1%
iShares MSCI Emerging Markets Index Fund
Expiration: Sep 2012, Exercise Price: $ 37.50 (a)(f)		200		26,200
Option on Forward Contracts - 0.0%
KRW/USD
Expiration: Aug 2012, Exercise Price: KRW 1,174.50 (a)		1,400,000,000		4,520
Total Options Purchased - Puts (cost $45,129)				30,720
	Shares
SHORT-TERM INVESTMENTS - 11.2%
Investment Companies - 11.2%
AllianceBernstein Fixed-Income Shares, Inc. - Government STIF Portfolio, 0.14% (g) (cost $2,957,833)		2,957,833		2,957,833

Company	Shares		U.S. $ Value
Total Investments Before Security Lending Collateral for Securities Loaned - 94.7% (cost $25,870,208)			$	24,953,884
INVESTMENTS OF CASH COLLATERAL FOR SECURITY LOANED - 0.7%
Investment Companies - 0.7%
AllianceBernstein Exchange Reserves - Class I, 0.20% (g) (cost $193,375)		193,375		193,375
Total Investments - 95.4% (cost $26,063,583) (h)				25,147,259
Other assets less liabilities - 4.6%				1,205,833
Net Assets - 100.0%			$	26,353,092

FUTURES CONTRACTS

Type	Number of Contracts		Expiration Month		Original Value		Value at June 30, 2012		Unrealized Appreciation/ (Depreciation)
Purchased Contracts
Mini MSCI Emerging Markets Index Futures		47		September 2012	$	2,129,165	$	2,220,045	$	90,880

FORWARD CURRENCY EXCHANGE CONTRACTS

Counterparty & Description	Contract Amount (000)		U.S. $ Value on Origination Date		U.S. $ Value at June 30, 2012		Unrealized Appreciation/ (Depreciation)
Buy Contracts
Brown Brothers Harriman & Co. :
Brazilian Real settling 7/03/12 (1)		1,378	$	681,739	$	686,084	$	4,345
Deutsche Bank:
Chilean Peso settling 9/14/12 (1)		51,125		100,838		101,048		210
Colombian Peso settling 9/14/12 (1)		191,790		106,669		106,251		(418	)
Peruvian Sol settling 9/14/12		636		236,124		237,268		1,144
Goldman Sachs:
Brazilian Real settling 7/03/12 (1)		1,378		662,978		686,084		23,106
HSBC Securities, Inc.:
Euro settling 9/14/12		350		443,772		443,243		(529	)
Singapore Dollar settling 9/14/12		611		476,131		482,375		6,244
Standard Chartered Bank:
Philippine Peso settling 9/14/12 (1)		16,609		385,270		394,966		9,696
Sale Contracts
Barclays Capital Inc.:
South African Rand settling 9/14/12		1,607		187,677		194,414		(6,737	)

Counterparty & Description	Contract Amount (000)		U.S. $ Value on Origination Date		U.S. $ Value at June 30, 2012		Unrealized Appreciation/ (Depreciation)
Brown Brothers Harriman & Co.:
Brazilian Real settling 7/03/12 (1)		1,378	$	677,383	$	686,084	$	(8,701	)
Euro settling 9/14/12		117		146,937		148,170		(1,233	)
Great British Pound settling 9/14/12		59		93,242		92,384		858
Indian Rupee settling 9/14/12 (1)		13,742		242,363		244,224		(1,861	)
Russian Rubles settling 9/14/12 (1)		8,192		239,637		249,504		(9,867	)
Goldman Sachs:
Brazilian Real settling 7/03/12 (1)		1,378		681,739		686,084		(4,345	)
Brazilian Real settling 10/02/12 (1)		1,378		651,999		674,963		(22,964	)
Great British Pound settling 9/14/12		188		292,408		294,378		(1,970	)
HSBC Securities, Inc.:
Japanese Yen settling 9/14/12		31,670		398,801		396,607		2,194
Standard Chartered Bank:
Russian Rubles settling 9/14/12 (1)		12,593		375,518		383,546		(8,028	)
South Korean Won settling 9/14/12 (1)		507,258		431,159		440,705		(9,546	)
Taiwan New Dollar settling 9/14/12 (1)		7,011		233,156		235,772		(2,616	)
UBS Securities LLC:
Euro settling 9/14/12		1,207		1,514,688		1,528,554		(13,866	)
							$	(44,884	)

(1) Contract represents a non-deliverable forward where payment is received from or paid to a counterparty based on the net realized gain/loss on settlement date.

CREDIT DEFAULT SWAP CONTRACTS

Swap Counterparty & Referenced Obligation	Fixed Rate (Pay) Receive			Implied Credit Spread at June 30, 2012			Notional Amount (000)		Market Value		Upfront Premiums (Paid) Received			Unrealized Appreciation/ (Depreciation)
Buy Contracts
Citibank, NA:
Qatar Government International Bond,
9.75% 6/15/30, 9/20/16*		(1.00	)%		0	%	$	180	$	720	$	(218	)	$	502
Venezuela Government International Bond,
9.25% 9/15/27, 9/20/16*		(5.00	)		– 0	–		400		45,579		(71,884	)		(26,305	)
Sell Contracts
Citibank, NA: CDX-EM 17 5 Year Index, 6/20/17*		5.00			2.79			690		68,597		(59,717	)		8,880

Swap Counterparty & Referenced Obligation	Fixed Rate (Pay) Receive		Implied Credit Spread at June 30, 2012			Notional Amount (000)		Market Value		Upfront Premiums (Paid) Received			Unrealized Appreciation/ (Depreciation)
JPMorgan Chase Bank NA:
CDX-EM 17 5 Year Index, 6/20/17*		5.00		2.79	%	$	270	$	26,842	$	(23,586	)	$	3,256
								$	141,738	$	(155,405	)	$	(13,667	)

* Termination date

(a) Non-income producing security.

(b) Represents entire or partial securities out on loan.

(c) Security is exempt from registration under Rule 144A of the Securities Act of 1933. These securities are considered liquid and may be resold in transactions exempt from registration, normally to qualified institutional buyers. At June 30, 2012, the aggregate market value of these securities amounted to $4,535,358 or 17.2% of net assets.

(d) Security is in default and is non-income producing.

(e) Coupon rate adjusts periodically based upon a predetermined schedule. Stated interest rate in effect at June 30, 2012.

(f) One contract relates to 100 shares.

(g) Investment in affiliated money market mutual fund. The rate shown represents the 7-day yield as of period end.

(h) As of June 30, 2012, the cost basis of investment securities owned was substantially identical for both book and tax purposes. Gross unrealized appreciation of investments was $957,744 and gross unrealized depreciation of investments was $(1,874,068), resulting in net unrealized depreciation of $(916,324).

Currency Abbreviation:

KRW	-	South Korean Won
TRY	-	Turkish Lira

Glossary:

ADR	-	American Depositary Receipt
CDX-EM	-	Emerging Market Credit Default Swap Index
FTSE	-	Financial Times Stock Exchange
GDR	-	Global Depositary Receipt
NVDR	-	Non Voting Depositary Receipt

COUNTRY BREAKDOWN*

13.8%	Brazil
9.3%	South Korea
7.8%	China
6.1%	Russia
5.0%	Turkey
4.8%	Mexico
4.0%	India
3.6%	Taiwan
3.1%	South Africa
2.7%	Indonesia
2.2%	Hong Kong
2.1%	United States
1.9%	United Kingdom
21.7%	Other
11.9%	Short-Term
100.0%	Total Investments

* All data are as of June 30, 2012. The Portfolio’s country breakdowns are expressed as a percentage of total investments (excluding Security lending collateral) and may vary over time. “Other” country weightings represent 1.8% or less in the following countries: Argentina, Belarus, Chile, Columbia, Cote D’Ivoire, Czech Republic, Dominican Republic, Germany, Hungary, Japan, Kazakhstan, Lithuania, Malaysia, Mongolia, Norway, Panama, Peru, Philippines, Poland, Qatar, Thailand, Ukraine, Uruguay, and Venezuela.

AllianceBernstein Emerging Markets Multi Asset Fund

June 30, 2012 (unaudited)

In accordance with U.S. GAAP regarding fair value measurements, fair value is defined as the price that the Fund would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. The U.S GAAP disclosure requirements establish a framework for measuring fair value, and a three-level hierarchy for fair value measurements based upon the transparency of inputs to the valuation of an asset or liability. Inputs may be observable or unobservable and refer broadly to the assumptions that market participants would use in pricing the asset or liability. Observable inputs reflect the assumptions market participants would use in pricing the asset or liability based on market data obtained from sources independent of the Fund. Unobservable inputs reflect the Fund’s own assumptions about the assumptions that market participants would use in pricing the asset or liability based on the best information available in the circumstances. Each investment is assigned a level based upon the observability of the inputs which are significant to the overall valuation. The three-tier hierarchy of inputs is summarized below.

• Level 1—quoted prices in active markets for identical investments

• Level 2—other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, credit risk, etc.)

• Level 3—significant unobservable inputs (including the Fund’s own assumptions in determining the fair value of investments)

The following table summarizes the valuation of the Fund’s investments by the above fair value hierarchy levels as of June 30, 2012:

Investments in Securities

Level 1

Level 2

Level 3

Total

Common Stocks:

Information Technology

$

184,548

$

2,156,736

$

– 0

–

$

2,341,284

Energy

134,693

2,165,682

– 0

–

2,300,375

Financials

674,575

1,569,426

– 0

–

2,244,001

Materials

– 0

–

1,922,836

– 0

–

1,922,836

Consumer Discretionary

447,644

1,447,352

– 0

–

1,894,996

Consumer Staples

411,513

588,188

– 0

–

999,701

Utilities

692,353

– 0

–

– 0

–

692,353

Industrials

– 0

–

583,551

– 0

–

583,551

Telecommunication Services

67,756

172,867

– 0

–

240,623

Governments - Sovereign Bonds

– 0

–

2,151,131

– 0

–

2,151,131

Emerging Markets - Sovereigns

– 0

–

1,796,105

292,300

2,088,405

Quasi-Sovereigns

– 0

–

1,241,954

139,759

1,381,713

Warrants

– 0

–

– 0

–

1,160,868

1,160,868

Emerging Markets - Corporate Bonds

– 0

–

885,479

– 0

–

885,479

Corporates - Non-Investment Grades

– 0

–

494,221

– 0

–

494,221

Corporates - Investment Grades

– 0

–

288,126

– 0

–

288,126

Emerging Markets - Treasuries

– 0

–

160,268

– 0

–

160,268

Options Purchased - Calls

– 0

–

135,400

– 0

–

135,400

Options Purchased - Puts

– 0

–

30,720

– 0

–

30,720

Short-Term Investments

2,957,833

– 0

–

– 0

–

2,957,833

Investments of Cash Collateral for Securities Loaned in Affiliated Money Market Fund

193,375

– 0

–

– 0

–

193,375

Total Investments in Securities

5,764,290

17,790,042

+

1,592,927

25,147,259

Other Financial Instruments*:

Assets

Credit Default Swaps

– 0

–

12,638

– 0

–

12,638

Futures Contracts

90,880

– 0 –

– 0

–

90,880

Forward Currency Exchange Contracts

– 0

–

47,797

– 0

–

47,797

Liabilities

Credit Default Swaps

– 0

–

(26,305

)

– 0

–

(26,305

)

Forward Currency Exchange Contracts

– 0

–

(92,681

)

– 0

–

(92,681

)

Total

$

5,855,170

$

17,731,491

$

1,592,927

$

25,179,588

* Other financial instruments are derivative instruments, such as futures, forwards and swap contracts, which are valued at the unrealized appreciation/depreciation on the instrument. Other financial instruments may also include options written which are valued at market value.

+ A significant portion of the Fund’s foreign equity investments are categorized as Level 2 investments since they are valued using fair value prices based on third party vendor modeling tools to the extent available.

Following is a reconciliation of investments in which significant unobservable inputs (Level 3) were used in determining fair value. The transfers between levels of the fair value hierarchy assumes the financial instrument was transferred at the beginning of the reporting period.

	Governments - Sovereign Bonds			Emerging Markets - Sovereigns			Quasi-Sovereigns			Warrants
Balance as of 3/31/12	$	163,475		$	154,350		$	– 0	–	$	1,210,390
Accrued discounts/(premiums)		– 0	–		(80	)		(302	)		– 0	–
Realized gain (loss)		– 0	–		8,533			– 0	–		(43,843	)
Change in unrealized appreciation/depreciation		– 0	–		31,187			2,916			(160,238	)
Purchases		– 0	–		92,475			– 0	–		279,025
Sales		– 0	–		(157,640	)		– 0	–		(124,466	)
Reclassification		(163,475	)		163,475			– 0	–		– 0	–
Transfers into Level 3		– 0	–		– 0	–		137,145			– 0	–
Transfers out of Level 3		– 0	–		– 0	–		– 0	–		– 0	–
Balance as of 6/30/12	$	– 0	–	$	292,300		$	139,759		$	1,160,868
Net change in unrealized appreciation/depreciation from investments held as of 6/30/12	$	– 0	–	$	43,944		$	2,916		$	(190,075	)
	Total
Balance as of 3/31/12	$	1,528,215
Accrued discounts/(premiums)		(382	)
Realized gain (loss)		(35,310	)
Change in unrealized appreciation/depreciation		(126,135	)
Purchases		371,500
Sales		(282,106	)
Reclassification		– 0	–
Transfers into Level 3		137,145
Transfers out of Level 3		– 0	–
Balance as of 6/30/12	$	1,592,927
Net change in unrealized appreciation/depreciation from investments held as of 6/30/12	$	(143,215	)

The following presents information about significant unobservable inputs related to the Fund’s material categories of Level 3 investments at June 30, 2012:

Quantitative Information about Level 3 Fair Value Measurements

	Fair Value at
	6/30/2012		Valuation Technique	Unobservable Input	Range
Emerging Markets - Sovereigns	$	292,300	Market Quotes	Broker Quotes	$71.1875
Warrants	$	1,160,868	Market Quotes	Broker Quotes	$1.4205 - 18.78

Warrants—The significant unobservable inputs used in the fair value measurement of the Fund’s Warrants can consist of broker quotes received from industry sources via third party vendor or directly from the source. These instruments are typically not quoted on a vendor pricing source.

Corporate, Emerging Markets - Sovereigns, Emerging Markets - Treasuries, Government, Agency, and Municipal Securities—The significant unobservable inputs used in the fair value measurement of the Fund’s Corporate, Emerging Markets - Sovereigns, Emerging Markets - Treasuries, Government, Agency, and Municipal Securities are non-agency quality ratings, spreads on non-rated instrument, and yields on non-rated instruments. On non-evaluated assets, broker quotes are used when other market information not available to produce an evaluation and are considered non-observable. Generally, an increase in spreads or a decrease in yields leads to an inverse move in the price of the assets. A decrease in rating or absence of a rating is accompanied by a directionally opposite change in price.

The significant unobservable inputs used in the fair value measurement of these securities are the spread over the public curve as well as the spreads or yields on non-rated instruments.

ITEM 2. CONTROLS AND PROCEDURES.

(a) The registrant’s principal executive officer and principal financial officer have concluded that the registrant’s disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940, as amended) are effective at the reasonable assurance level based on their evaluation of these controls and procedures as of a date within 90 days of the filing date of this document.

(b) There were no changes in the registrant’s internal controls over financial reporting that occurred during the second fiscal quarter of the period that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting.

ITEM 3. EXHIBITS.

The following exhibits are attached to this Form N-Q:

EXHIBIT NO.	DESCRIPTION OF EXHIBIT
3 (a) (1)	Certification of Principal Executive Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
3 (a) (2)	Certification of Principal Financial Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

(Registrant): AllianceBernstein Cap Fund, Inc.

By:	/s/    Robert M. Keith
	Robert M. Keith
	President
Date:	August 23, 2012

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

By:	/s/    Robert M. Keith
	Robert M. Keith
	President
Date:	August 23, 2012
By:	/s/    Joseph J. Mantineo
	Joseph J. Mantineo
	Treasurer and Chief Financial Officer
Date:	August 23, 2012