The 1948 Titleholders Championship was contested from March 18–21 at Augusta Country Club. It was the 9th edition of the Titleholders Championship.
This event was won by Patty Berg.
| Place | Player | Score | To par | ||
|---|---|---|---|---|---|
| 1 |  Patty Berg | 80-74-78-76=308 | +8 | ||
| align=center rowspan=2 | T2 | Peggy Kirk | 77-79-79-74=309 | align=center rowspan=2 | +9 |
| Babe Zaharias | 77-80-73-79=309 | ||||
| 4 | Estelle Page | 79-76-78-79=312 | +12 | ||
| 5 | Dorothy Kirby | 74-77-81-81=313 | +13 | ||
| 6 | Mary Wall | 78-78-81-80=317 | +17 | ||
| 7 | Marjorie Lindsay | 80-77-82-79=318 | +18 | ||
| 8 | Grace Lenczyk | 77-80-79-84=320 | +20 | ||
| 9 | Eileen Stulb | 85-79-83-79=326 | +26 | ||
| 10 | Helen Sigel | 84-82-81-81=328 | +28 |