<SEC-DOCUMENT>0001089212-14-000009.txt : 20140709
<SEC-HEADER>0001089212-14-000009.hdr.sgml : 20140709
<ACCEPTANCE-DATETIME>20140709144148
ACCESSION NUMBER:		0001089212-14-000009
CONFORMED SUBMISSION TYPE:	SC 13G
PUBLIC DOCUMENT COUNT:		2
FILED AS OF DATE:		20140709
DATE AS OF CHANGE:		20140709

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			XCel Brands, Inc.
		CENTRAL INDEX KEY:			0001083220
		STANDARD INDUSTRIAL CLASSIFICATION:	PATENT OWNERS & LESSORS [6794]
		IRS NUMBER:				760307819
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SC 13G
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-61619
		FILM NUMBER:		14967100

	BUSINESS ADDRESS:	
		STREET 1:		475 10TH AVENUE
		STREET 2:		4TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10018
		BUSINESS PHONE:		(347) 727-2474

	MAIL ADDRESS:	
		STREET 1:		475 10TH AVENUE
		STREET 2:		4TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10018

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	NETFABRIC HOLDINGS, INC
		DATE OF NAME CHANGE:	20050516

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	HOUSTON OPERATING CO
		DATE OF NAME CHANGE:	19990402

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			BUCKINGHAM CAPITAL MANAGEMENT INC
		CENTRAL INDEX KEY:			0001089212
		IRS NUMBER:				133276152
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SC 13G

	BUSINESS ADDRESS:	
		STREET 1:		485 LEXINGTON AVENUE
		STREET 2:		3RD FL
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10017
		BUSINESS PHONE:		212-922-5525

	MAIL ADDRESS:	
		STREET 1:		485 LEXINGTON AVENUE
		STREET 2:		3RD FL
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10017

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	BUCKINGHAM CAPITAL MANAGEMENT INC/FL
		DATE OF NAME CHANGE:	19990621
</SEC-HEADER>
<DOCUMENT>
<TYPE>SC 13G
<SEQUENCE>1
<FILENAME>xelb063014.txt
<TEXT>
                                  UNITED STATES
                        SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                  SCHEDULE 13G

                    Under the Securities Exchange Act of 1934
                             (Amendment No. )*

                            	Xcel Brands, Inc.
                                 (Name of Issuer)

                      Common Stock, $.001 par value per share
                          (Title of Class of Securities)

                                     98400M101
                                   (CUSIP Number)

                                   June 30, 2014

              (Date of Event Which Requires Filing of this Statement)


Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:

[x] Rule 13d-1(b)

[ ] Rule 13d-1(c)

[ ] Rule 13d-1(d)

* The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities,
and for any subsequent amendment containing information which would alter the
disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be
deemed to be "filed" for the purpose of Section 18 of the Securities Exchange
Act of 1934 ("Act") or otherwise subject to the liabilities of that section of
the Act but shall be subject to all other provisions of the Act (however, see
the Notes).


CUSIP No.  98400M101


1.  Name of Reporting Person: Buckingham Capital Management, Inc.
    IRS Identification No. of above person: 13-3276152

2.  Check the Appropriate Box if a Member of a Group*:


3.  SEC Use Only

4.  Citizenship or Place of Organization:  Delaware

    Number of Shares			5. Sole Voting Power: 1,339,135
    Beneficially Owned
    By Each Reporting			6. Shared Voting Power: 0
    Person With
					7. Sole Dispositive Power: 1,339,135

					8. Shared Dispositive Power: 0

9.  Aggregate Amount Beneficially Owned by Each Reporting Person: 1,339,135

10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares:*

11. Percent of Class Represented by Amount in Row (9): 11.00%

12. Type of Reporting Person*: IA


CUSIP No.  98400M101


1.  Name of Reporting Person: Buckingham Research Group Incorporated.
    IRS Identification No. of above person: 13-3134008

2.  Check the Appropriate Box if a Member of a Group*:


3.  SEC Use Only

4.  Citizenship or Place of Organization:  Delaware

    Number of Shares			5. Sole Voting Power: 1,339,135
    Beneficially Owned
    By Each Reporting			6. Shared Voting Power: 0
    Person With
					7. Sole Dispositive Power: 1,339,135

					8. Shared Dispositive Power: 0

9.  Aggregate Amount Beneficially Owned by Each Reporting Person: 1,339,135

10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares:*

11. Percent of Class Represented by Amount in Row (9): 11.00%

12. Type of Reporting Person*: BD


Schedule 13G of Buckingham Capital Management, Inc.
and Buckingham Research Group Incorporated with
respect to the common stock (the "Common Shares")
of Xcel Brands, Inc. (the "Company").

	Item 1(a)	Name of Issuer:   Xcel Brands, Inc.

	Item 1(b)	Address of Issuer's Principal Executive Offices:
			475 Tenth Ave, 4th Floor, New York, NY 10018

	Item 2(a)	Name of Persons Filing:
			This statement is being filed by Buckingham Capital
			Management, Inc. and Buckingham Research Group
			Incorporated.  Buckingham Capital Management, Inc.
			is a registered investment adviser which acts as the general
			partner and investment manager for various private investment
			funds and which also manages other accounts on a discretionary
			basis.  Buckingham Research Group Incorporated, a registered
			broker-dealer, is the parent company of Buckingham Capital
			Management, Inc. and thus may be deemed to be the
			beneficial owner of the securities reported herein.

	Item 2(b)	Address of Principal Business Office or, if none,
			Residence: 485 Lexington Avenue, Third Floor,
			New York, NY 10017

	Item 2(c)	Citizenship:
			Each of Buckingham Capital Management, Inc.
			and Buckingham Research Group Incorporated is a
			Delaware corporation

	Item 2(d)	Title of Class of Securities: Common Stock

	Item 2(e)	CUSIP Number: 98400M101

	Item 3		If this statement is filed pursuant to Rule
			240.13d-1(b) or 240.13d-2(b) or (c), check
			whether the person filing is a:

		(a) 	[x] Broker or dealer registered under section 15 of
			the Act (15 U.S.C. 78o)
		(b)	[ ] Bank as defined in section 3(a)(6) of the Act
			(15 U.S.C. 78c).
		(c) 	[ ] Insurance company as defined in section 3(a)(19)
			of the Act (15 U.S.C. 78c).
		(d) 	[ ] Investment company registered under section 8 of
			the Investment Company Act of 1940 (15 U.S.C. 80a-8).
		(e) 	[x] An investment adviser in accordance with Rule
			240.13d-1(b)(1)(ii)(E);
		(f) 	[ ] An employee benefit plan or endowment fund in
			accordance with Rule 240.13d-1(b)(1)(ii)(F);
		(g) 	[ ] A parent holding company or control person in
			accordance with Rule 240.13d-1(b)(1)(ii)(G);
		(h) 	[ ] A savings associations ad defined in Section 3(b)
			of the Federal Deposit Insurance Act (12 U.S.C. 1813);
		(i) 	[ ] A church plan that is excluded from the definition
                        of an investment company under section 3(c)(14) of the
			Investment Company Act of 1940 (15 U.S.C. 80a-3);
                (j)     [ ] Group, in accordance with Rule 240.13d-1(b)
			(1)(ii)(J).

	Item 4	Ownership

		(a) Amount Beneficially Owned:  1,339,135

                (b) Percent of class: 11.00% (based on the 12,163,633 Common
		    Shares reported to be outstanding on Form S-1 as of 5/30/14).

		(c) Number of shares as to which the person has:

		(i)  Sole power to vote or to direct the vote: 1,339,135
		(ii) Shared power to vote or to direct the vote: 0
		(iii)Sole power to dispose or to direct the disposition of:
		     1,339,135
                (iv) Shared power to dispose or to direct the disposition of: 0

	Item 5	Ownership of Five Percent or less of a Class: Not applicable.


        Item 6	Ownership of More than Five Percent on Behalf of Another Person:
		Not applicable.

	Item 7	Identification and Classification of the Subsidiary, Which
		Acquired the Security, Being Reported on By the Parent Holding
		Company: Not applicable.

	Item 8	Identification and Classification of Members of the Group:
		Not applicable.

	Item 9	Notice of Dissolution of Group: Not applicable.

	Item 10	Certification (if filing pursuant to Rule 240.13d-1(b)):

                By signing below I certify that, to the best of my knowledge and
		belief, the securities referred to above were acquired and
		are held in the ordinary course of business and were not acquired
		and are not held for the purpose of or with the effect of changing
		or influencing the control of the issuer of the securities and
		were not acquired and are not held in connection with or as a
		participant in any transaction having that purpose or effect.



                                      SIGNATURE

	After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.

					Dated:  July 9, 2014


					BUCKINGHAM CAPITAL MANAGEMENT, INC.



					By:/s/Peter D. Goldstein, Esq.
					   Peter D. Goldstein, Esq, Chief Compliance Officer, General Counsel



					THE BUCKINGHAM RESEARCH GROUP INCORPORATED



					By:/s/Peter D. Goldstein, Esq.
					   Peter D. Goldstein, Esq, Chief Legal Officer









</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>SC 13G
<SEQUENCE>2
<FILENAME>13GExhibit.pdf
<TEXT>
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