diff --git a/.gitignore b/.gitignore
index 9c94a2e..18280b5 100644
--- a/.gitignore
+++ b/.gitignore
@@ -11,3 +11,4 @@
 /traitlets-5.2.1.tar.gz
 /traitlets-5.2.1.post0.tar.gz
 /traitlets-5.3.0.tar.gz
+/traitlets-5.4.0.tar.gz
diff --git a/python-traitlets.spec b/python-traitlets.spec
index 5169e98..d1ef5a8 100644
--- a/python-traitlets.spec
+++ b/python-traitlets.spec
@@ -1,7 +1,7 @@
 %global srcname traitlets
 
 Name:           python-%{srcname}
-Version:        5.3.0
+Version:        5.4.0
 Release:        1%{?dist}
 Summary:        A lightweight derivative of Enthought Traits for configuring Python objects
 
@@ -57,6 +57,9 @@ This package powers the config system of IPython and Jupyter.
 
 
 %changelog
+* Fri Sep 23 2022 Orion Poplawski <orion@nwra.com> - 5.4.0-1
+- Update to 5.4.0
+
 * Mon Aug 22 2022 Lumír Balhar <lbalhar@redhat.com> - 5.3.0-1
 - Update to 5.3.0
 Resolves: rhbz#2092219
diff --git a/sources b/sources
index f20cb36..980fa88 100644
--- a/sources
+++ b/sources
@@ -1 +1 @@
-SHA512 (traitlets-5.3.0.tar.gz) = df3d57569abfcd6305be8f43b4e907751e9f023514920ece69c11cea95350acef14a0c3e64447ce504377acd2cda9e9ad21f53c5d6e8f30c8e1aa3376ebd45f8
+SHA512 (traitlets-5.4.0.tar.gz) = 896b51702907be74d02f86762dd4e6a31e18d8f11bd8d103310e73c148a327f985824e77c84456e4f26ebfda3188eeca202eb8c7176ffe4be836059cabafe67b