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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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MIC-Info: RSA-MD5,RSA,
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<SEC-DOCUMENT>0001470266-09-000001.txt : 20090813
<SEC-HEADER>0001470266-09-000001.hdr.sgml : 20090813
<ACCEPTANCE-DATETIME>20090813113125
ACCESSION NUMBER:		0001470266-09-000001
CONFORMED SUBMISSION TYPE:	D
PUBLIC DOCUMENT COUNT:		1
ITEM INFORMATION:		Rule 506
ITEM INFORMATION:		Investment Company Act Section 3(c)
ITEM INFORMATION:		Section 3(c)(7)
FILED AS OF DATE:		20090813
DATE AS OF CHANGE:		20090813
EFFECTIVENESS DATE:		20090813

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Welton Capital Markets Fund LLC - Series G & Series H
		CENTRAL INDEX KEY:			0001469757
		IRS NUMBER:				264625642
		STATE OF INCORPORATION:			DE

	FILING VALUES:
		FORM TYPE:		D
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	021-133606
		FILM NUMBER:		091009034

	BUSINESS ADDRESS:	
		STREET 1:		EASTWOOD BUILDING
		STREET 2:		SAN CARLOS BETWEEN 5TH AND 6TH
		CITY:			CARMEL
		STATE:			CA
		ZIP:			93921
		BUSINESS PHONE:		831.626.5190

	MAIL ADDRESS:	
		STREET 1:		EASTWOOD BUILDING
		STREET 2:		SAN CARLOS BETWEEN 5TH AND 6TH
		CITY:			CARMEL
		STATE:			CA
		ZIP:			93921

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Welton Capital Markets Fund LLC
		DATE OF NAME CHANGE:	20090806
</SEC-HEADER>
<DOCUMENT>
<TYPE>D
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<edgarSubmission>

    <schemaVersion>X0502</schemaVersion>

    <submissionType>D</submissionType>

    <testOrLive>LIVE</testOrLive>

    <primaryIssuer>
        <cik>0001469757</cik>
        <entityName>Welton Capital Markets Fund LLC - Series G &amp; Series H</entityName>
        <issuerAddress>
            <street1>Eastwood Building</street1>
            <street2>San Carlos between 5th and 6th</street2>
            <city>Carmel</city>
            <stateOrCountry>CA</stateOrCountry>
            <zipCode>93921</zipCode>
        </issuerAddress>
        <issuerPhoneNumber>831.626.5190</issuerPhoneNumber>
        <issuerPreviousNameList>
            <previousName>Welton Capital Markets Fund LLC</previousName>
        </issuerPreviousNameList>
        <jurisdictionOfInc>DELAWARE</jurisdictionOfInc>
        <entityType>Limited Liability Company</entityType>
        <yearOfInc>
            <withinFiveYears>true</withinFiveYears>
            <value>2009</value>
        </yearOfInc>
    </primaryIssuer>

    <relatedPersonsList>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Patrick</firstName>
                <middleName></middleName>
                <lastName>Welton</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>Eastwood Building</street1>
                <street2>San Carlos between 5th and 6th</street2>
                <city>Carmel</city>
                <stateOrCountry>CA</stateOrCountry>
                <zipCode>93921</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
                <relationship>Promoter</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Chief Executive Officer of the Managing Member</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Annette</firstName>
                <middleName></middleName>
                <lastName>Welton</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>Eastwood Building</street1>
                <street2>San Carlos between 5th and 6th</street2>
                <city>Carmel</city>
                <stateOrCountry>CA</stateOrCountry>
                <zipCode>93921</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Chair of the Managing Member's Board of Directors</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Jerry</firstName>
                <middleName></middleName>
                <lastName>Harris</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>Eastwood Building</street1>
                <street2>San Carlos between 5th and 6th</street2>
                <city>Carmel</city>
                <stateOrCountry>CA</stateOrCountry>
                <zipCode>93921</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Senior Managing Director and Director of Business Development for the Managing Member</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Brent</firstName>
                <middleName></middleName>
                <lastName>Hankins</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>Eastwood Building</street1>
                <street2>San Carlos between 5th and 6th</street2>
                <city>Carmel</city>
                <stateOrCountry>CA</stateOrCountry>
                <zipCode>93921</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Senior Managing Director and Chief Portfolio Manager of the Managing Member</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>David</firstName>
                <middleName></middleName>
                <lastName>Nowlin</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>Eastwood Building</street1>
                <street2>San Carlos between 5th and 6th</street2>
                <city>Carmel</city>
                <stateOrCountry>CA</stateOrCountry>
                <zipCode>93921</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Senior Managing Director, Chief Compliance Officer and Chief Administrative Officer of the Managing Member</relationshipClarification>
        </relatedPersonInfo>
    </relatedPersonsList>

    <offeringData>
        <industryGroup>
            <industryGroupType>Pooled Investment Fund</industryGroupType>
            <investmentFundInfo>
                <investmentFundType>Hedge Fund</investmentFundType>
                <is40Act>false</is40Act>
            </investmentFundInfo>
        </industryGroup>
        <issuerSize>
            <aggregateNetAssetValueRange>Decline to Disclose</aggregateNetAssetValueRange>
        </issuerSize>
        <federalExemptionsExclusions>
            <item>06</item>
            <item>3C</item>
            <item>3C.7</item>
        </federalExemptionsExclusions>
        <typeOfFiling>
            <newOrAmendment>
                <isAmendment>false</isAmendment>
            </newOrAmendment>
            <dateOfFirstSale>
                <value>2009-08-01</value>
            </dateOfFirstSale>
        </typeOfFiling>
        <durationOfOffering>
            <moreThanOneYear>true</moreThanOneYear>
        </durationOfOffering>
        <typesOfSecuritiesOffered>
            <isPooledInvestmentFundType>true</isPooledInvestmentFundType>
        </typesOfSecuritiesOffered>
        <businessCombinationTransaction>
            <isBusinessCombinationTransaction>false</isBusinessCombinationTransaction>
            <clarificationOfResponse></clarificationOfResponse>
        </businessCombinationTransaction>
        <minimumInvestmentAccepted>250000</minimumInvestmentAccepted>
        <salesCompensationList></salesCompensationList>
        <offeringSalesAmounts>
            <totalOfferingAmount>Indefinite</totalOfferingAmount>
            <totalAmountSold>18764680</totalAmountSold>
            <totalRemaining>Indefinite</totalRemaining>
            <clarificationOfResponse></clarificationOfResponse>
        </offeringSalesAmounts>
        <investors>
            <hasNonAccreditedInvestors>false</hasNonAccreditedInvestors>
            <totalNumberAlreadyInvested>17</totalNumberAlreadyInvested>
        </investors>
        <salesCommissionsFindersFees>
            <salesCommissions>
                <dollarAmount>0</dollarAmount>
            </salesCommissions>
            <findersFees>
                <dollarAmount>0</dollarAmount>
            </findersFees>
            <clarificationOfResponse></clarificationOfResponse>
        </salesCommissionsFindersFees>
        <useOfProceeds>
            <grossProceedsUsed>
                <dollarAmount>0</dollarAmount>
            </grossProceedsUsed>
            <clarificationOfResponse></clarificationOfResponse>
        </useOfProceeds>
        <signatureBlock>
            <authorizedRepresentative>false</authorizedRepresentative>
            <signature>
                <issuerName>Welton Capital Markets Fund LLC - Series G &amp; Series H</issuerName>
                <signatureName>Patrick Welton</signatureName>
                <nameOfSigner>Patrick Welton</nameOfSigner>
                <signatureTitle>CEO of the Managing Member</signatureTitle>
                <signatureDate>2009-08-13</signatureDate>
            </signature>
        </signatureBlock>
    </offeringData>
</edgarSubmission>
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</TEXT>
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</SEC-DOCUMENT>
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