The 1939 Titleholders Championship was contested from January 16-19 at Augusta Country Club. It was the 3rd edition of the Titleholders Championship.
This event was won by Patty Berg.
| # | Player | Country | Score | To par |
|---|---|---|---|---|
| 1 | Patty Berg | United States | 78-78-83-80=319 | +19 |
| 2 | Dorothy Kirby | United States | 82-81-82-76=321 | +21 |
| T3 | Helen Hicks | United States | 81-81-85-84=331 | +31 |
| Marion Miley | United States | 79-81-88-83=331 | ||
| 5 | Kathryn Hemphill | United States | 80-82-87-84=333 | +33 |
| 6 | Laddie Irwin | United States | 87-82-88-81=338 | +38 |
| 7 | Opal Hill | United States | 87-90-86-90=353 | +53 |
| 8 | Isabel Ogilvie | United States | 87-88-95-86=356 | +56 |
| 9 | Helen Waring | United States | 92-90-88-91=362 | +62 |
| 10 | Lillia Watson | United States | 94-90-93-88=365 | +65 |
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