diff --git a/CHANGELOG.md b/CHANGELOG.md
index 0f53d387b3..f3cffc4047 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,10 @@
 # Svelte changelog
 
+## 3.16.3
+
+* Fix bitmask overflow when using slotted components ([#4077](https://github.com/sveltejs/svelte/issues/4077))
+* Remove unnecessary `$$invalidate` calls from init block ([#4018](https://github.com/sveltejs/svelte/issues/4018))
+
 ## 3.16.2
 
 * Handle slot updates when parent component has a bitmask overflow  ([#4078](https://github.com/sveltejs/svelte/pull/4078))
diff --git a/package.json b/package.json
index e13824687e..f53a454f43 100644
--- a/package.json
+++ b/package.json
@@ -1,6 +1,6 @@
 {
   "name": "svelte",
-  "version": "3.16.2",
+  "version": "3.16.3",
   "description": "Cybernetically enhanced web apps",
   "module": "index.mjs",
   "main": "index",