The 1946 Titleholders Championship was contested from April 9–12 at Augusta Country Club. It was the 7th edition of the Titleholders Championship.

This event was won by Louise Suggs.

Place	Player	Score	To par
1	Eileen Stulb	78	+3
2	Louise Suggs	80	+5
3	Dorothy Kirby	83	+8
T4	Marge Becker	84	+9
	Peggy Kirk
	Helen Sigel

Place	Player	Score	To par
1	Eileen Stulb	78-78=156	+6
2	Louise Suggs	80-77=157	+7
3	Dorothy Kirby	83-81=164	+14
4	Peggy Kirk	84-81=165	+15
5	Helen Sigel	84-83=167	+17
6	Marge Becker	84-85=169	+19

Place	Player	Score	To par
1	Louise Suggs	80-77-77=234	+9
2	Eileen Stulb	78-78-79=235	+10
3	Peggy Kirk	84-81-80=245	+20
4	Dorothy Kirby	83-81-84=248	+23

Place	Player	Score	To par
1	Louise Suggs	80-77-77-80=314	+14
2	Eileen Stulb	78-78-79-81=316	+16
3	Dorothy Kirby	83-81-84-80=328	+28
4	Peggy Kirk	84-81-80-84=329	+29
T5	Sally Sessions	87-86-80-83=336	+36
	Marge Decker	84-85-82-85=336
	Helen Sigel	84-83-84-85=336
8	Laddie Irwin	88-85-81-85=339	+39
9	Jean Hopkins	86-83-90-81=340	+40
T10	Mrs. Herman Berg	87-83-89-89=348	+48
	Annetee Gesler	89-85-85-89=348
	Margaret Gunther	85-88-86-89=348

• St. Petersburg Times first round source
• St. Petersburg Times second round source
• Youngstown Vindicator third round source
• St. Petersburg Times fourth round source
• The Palm Beach Post fourth round source