The 1938–39 Hovedserien season was the fifth season of ice hockey in Norway. Eight teams participated in the league, and Grane won the championship.
First round
editWest Group
edit| Club | GP | W | T | L | GF–GA | Pts | |
|---|---|---|---|---|---|---|---|
| 1. | Grane | 6 | 6 | 0 | 0 | 14:2 | 12 |
| 2. | Holmen Hockey | 6 | 3 | 0 | 3 | 6:5 | 6 |
| 3. | B.14 | 6 | 3 | 0 | 3 | 5:7 | 6 |
| 4. | Ski- og Fotballklubben Trygg | 6 | 0 | 0 | 6 | 3:14 | 0 |
East Group
edit| Club | GP | W | T | L | GF–GA | Pts | |
|---|---|---|---|---|---|---|---|
| 1. | Hasle-Løren Idrettslag | 6 | 3 | 3 | 0 | 8:0 | 9 |
| 2. | Furuset Ishockey | 6 | 2 | 2 | 2 | 8:9 | 6 |
| 3. | Sportsklubben Strong | 6 | 1 | 3 | 2 | 8:8 | 5 |
| 4. | Sportsklubben Forward | 6 | 0 | 4 | 2 | 4:11 | 4 |
Final
edit- Grane - Hasle-Løren Idrettslag 1:0