The San Felipe Stakes is an American Thoroughbred horse race run annually at Santa Anita Park in Arcadia, California.

Normally held in early -March, it is raced at a distance of one and one-sixteenth miles (8+1⁄2 furlongs) on dirt and currently offers a purse of $400,000.

Inaugurated as the San Felipe Handicap in 1935, due to World War II there was no race run in 1942, 1943, and 1944.

As a prep for both the Santa Anita and Kentucky Derbies, the San Felipe has featured many of California's top three-year-olds over the years, including Derby winners California Chrome, Fusaichi Pegasus, Sunday Silence and Triple Crown winner Affirmed.

The 2019 San Felipe was cancelled due to Santa Anita's safety-related suspension of live racing.