The 1940 Titleholders Championship was contested from January 16–19 at Augusta Country Club. It was the 4th edition of the Titleholders Championship.
This event was won by Helen Hicks.
| Place | Player | Score | To par | |
|---|---|---|---|---|
| 1 |  Helen Hicks Harb | 336 | +36 | |
| 2 | 337 | +37 | ||
| 3 | 349 | +49 | ||
| 4 | 370 | +70 | ||
| 5 | 373 | +73 |