The 1938 Titleholders Championship was contested from January 13–16 at Augusta Country Club. It was the 2nd edition of the Titleholders Championship.
This event was won by Patty Berg with rounds of 78-79-77-77.
Final leaderboard
| Place | Player | Score | To par |
|---|---|---|---|
| 1 |  Patty Berg |
311 | −5 |
| 2 | Jane Cothran |
325 | +9 |
| 3 | Marian McDougall |
327 | +11 |
| 4 | Kathryn Hemphill |
328 | +12 |
External links
| 1938 Women's Major Golf Championships | |
|---|---|
| Titleholders Championship championships | |
|---|---|
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