-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
 MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 FJEsDnGrLNZOP4/sf4V1u7bc0PAt9awLIvVc+QwRPRY9Z8ww8l50SvTFyqEVLcG8
 xsKHo+FcRue6n0yeAhxEQA==

<SEC-DOCUMENT>0001292046-10-000003.txt : 20100304
<SEC-HEADER>0001292046-10-000003.hdr.sgml : 20100304
<ACCEPTANCE-DATETIME>20100304170206
ACCESSION NUMBER:		0001292046-10-000003
CONFORMED SUBMISSION TYPE:	D
PUBLIC DOCUMENT COUNT:		1
ITEM INFORMATION:		Rule 506
FILED AS OF DATE:		20100304
DATE AS OF CHANGE:		20100304
EFFECTIVENESS DATE:		20100304

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Nantucket Levered LLC
		CENTRAL INDEX KEY:			0001318160
		IRS NUMBER:				364567228
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		D
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	021-74249
		FILM NUMBER:		10657880

	BUSINESS ADDRESS:	
		STREET 1:		40950 WOODWARD STE 307
		CITY:			BLOOMFIELD
		STATE:			MI
		ZIP:			48304
		BUSINESS PHONE:		248-723-9286

	MAIL ADDRESS:	
		STREET 1:		40950 WOODWARD STE 307
		CITY:			BLOOMFIELD
		STATE:			MI
		ZIP:			48304
</SEC-HEADER>
<DOCUMENT>
<TYPE>D
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<edgarSubmission>

    <schemaVersion>X0603</schemaVersion>

    <submissionType>D</submissionType>

    <testOrLive>LIVE</testOrLive>

    <primaryIssuer>
        <cik>0001318160</cik>
        <entityName>Nantucket Levered LLC</entityName>
        <issuerAddress>
            <street1>40950 WOODWARD STE 307</street1>
            <city>BLOOMFIELD</city>
            <stateOrCountry>MI</stateOrCountry>
            <zipCode>48304</zipCode>
        </issuerAddress>
        <issuerPhoneNumber>248-723-9286</issuerPhoneNumber>
        <jurisdictionOfInc>DELAWARE</jurisdictionOfInc>
        <issuerPreviousNameList>
            <value>None</value>
        </issuerPreviousNameList>
        <edgarPreviousNameList>
            <value>None</value>
        </edgarPreviousNameList>
        <entityType>Limited Liability Company</entityType>
        <yearOfInc>
            <withinFiveYears>true</withinFiveYears>
            <value>2005</value>
        </yearOfInc>
    </primaryIssuer>

    <relatedPersonsList>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Nantucket</firstName>
                <lastName>Nantucket Multi Managers, LLC</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>40950 Woodward</street1>
                <street2>Suite 307</street2>
                <city>Bloomfield Hills</city>
                <stateOrCountry>MI</stateOrCountry>
                <zipCode>48304</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Promoter</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Nantucket Multi Managers, LLC is the Managing Member of the Issuer</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>William</firstName>
                <middleName>K.M.</middleName>
                <lastName>Goldsmith</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>40950 Woodward</street1>
                <street2>Suite 307</street2>
                <city>Bloomfield Hills</city>
                <stateOrCountry>MI</stateOrCountry>
                <zipCode>48304</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>William K. M. Goldsmith is the Manager of the Managing Member of the Issuer.</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Andrew</firstName>
                <middleName>C.</middleName>
                <lastName>Hopper</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>40950 Woodward</street1>
                <street2>Suite 307</street2>
                <city>Bloomfield Hills</city>
                <stateOrCountry>MI</stateOrCountry>
                <zipCode>48304</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Andrew C. Hopper is the Managing Director of the Managing Member of the Issuer.</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Elizabeth</firstName>
                <middleName>A.</middleName>
                <lastName>Greenstone</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>40950 Woodward</street1>
                <street2>Suite 307</street2>
                <city>Bloomfield Hills</city>
                <stateOrCountry>MI</stateOrCountry>
                <zipCode>48304</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Chief Compliance Officer</relationshipClarification>
        </relatedPersonInfo>
    </relatedPersonsList>

    <offeringData>
        <industryGroup>
            <industryGroupType>Pooled Investment Fund</industryGroupType>
            <investmentFundInfo>
                <investmentFundType>Other Investment Fund</investmentFundType>
                <is40Act>false</is40Act>
            </investmentFundInfo>
        </industryGroup>
        <issuerSize>
            <aggregateNetAssetValueRange>$5,000,001 - $25,000,000</aggregateNetAssetValueRange>
        </issuerSize>
        <federalExemptionsExclusions>
            <item>06</item>
        </federalExemptionsExclusions>
        <typeOfFiling>
            <newOrAmendment>
                <isAmendment>false</isAmendment>
            </newOrAmendment>
            <dateOfFirstSale>
                <value>2005-02-01</value>
            </dateOfFirstSale>
        </typeOfFiling>
        <durationOfOffering>
            <moreThanOneYear>true</moreThanOneYear>
        </durationOfOffering>
        <typesOfSecuritiesOffered>
            <isPooledInvestmentFundType>true</isPooledInvestmentFundType>
        </typesOfSecuritiesOffered>
        <businessCombinationTransaction>
            <isBusinessCombinationTransaction>false</isBusinessCombinationTransaction>
            <clarificationOfResponse></clarificationOfResponse>
        </businessCombinationTransaction>
        <minimumInvestmentAccepted>500000</minimumInvestmentAccepted>
        <salesCompensationList>
            <recipient>
                <recipientName>The Private Bank</recipientName>
                <recipientCRDNumber>None</recipientCRDNumber>
                <associatedBDName>The Private Bank</associatedBDName>
                <associatedBDCRDNumber>None</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>38505 Woodward Avenue</street1>
                    <city>Bloomfield Hills</city>
                    <stateOrCountry>MI</stateOrCountry>
                    <zipCode>48304</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <value>All States</value>
                </statesOfSolicitationList>
            </recipient>
            <recipient>
                <recipientName>First Heartland</recipientName>
                <recipientCRDNumber>32460</recipientCRDNumber>
                <associatedBDName>First Heartland</associatedBDName>
                <associatedBDCRDNumber>32460</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>1839 Lake Saint Louis Blvd.</street1>
                    <city>Lake Saint Louis</city>
                    <stateOrCountry>MO</stateOrCountry>
                    <zipCode>63367</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <value>All States</value>
                </statesOfSolicitationList>
            </recipient>
        </salesCompensationList>
        <offeringSalesAmounts>
            <totalOfferingAmount>100000000</totalOfferingAmount>
            <totalAmountSold>8702148</totalAmountSold>
            <totalRemaining>91297852</totalRemaining>
            <clarificationOfResponse>Total Amount Sold is sum of investor capital account balances in Nantucket Levered, LLC at 12/31/2009.</clarificationOfResponse>
        </offeringSalesAmounts>
        <investors>
            <hasNonAccreditedInvestors>false</hasNonAccreditedInvestors>
            <totalNumberAlreadyInvested>20</totalNumberAlreadyInvested>
        </investors>
        <salesCommissionsFindersFees>
            <salesCommissions>
                <dollarAmount>129342</dollarAmount>
                <isEstimate>true</isEstimate>
            </salesCommissions>
            <findersFees>
                <dollarAmount>0</dollarAmount>
            </findersFees>
            <clarificationOfResponse>Mgr of the Issuer shares in its management/incentive fees with selling/referring parties. $ in Sales Commiss represent full calendar yr 2009 fees paid to all selling parties collectively for all Manager's funds.  Fee sharing has no negative impact to perf</clarificationOfResponse>
        </salesCommissionsFindersFees>
        <useOfProceeds>
            <grossProceedsUsed>
                <dollarAmount>0</dollarAmount>
            </grossProceedsUsed>
            <clarificationOfResponse></clarificationOfResponse>
        </useOfProceeds>
        <signatureBlock>
            <authorizedRepresentative>false</authorizedRepresentative>
            <signature>
                <issuerName>Nantucket Levered LLC</issuerName>
                <signatureName>Andrew C. Hopper</signatureName>
                <nameOfSigner>Andrew C. Hopper</nameOfSigner>
                <signatureTitle>Managing Director</signatureTitle>
                <signatureDate>2010-03-04</signatureDate>
            </signature>
        </signatureBlock>
    </offeringData>
</edgarSubmission>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----