diff --git a/CHANGELOG.md b/CHANGELOG.md
index fb93d2e9..ad52cdc8 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,6 +1,6 @@
 # Overcommit Changelog
 
-## master (unreleased)
+## 0.47.0
 
 ### New Features
 
diff --git a/lib/overcommit/version.rb b/lib/overcommit/version.rb
index 49954888..3ff2b285 100644
--- a/lib/overcommit/version.rb
+++ b/lib/overcommit/version.rb
@@ -2,5 +2,5 @@
 
 # Defines the gem version.
 module Overcommit
-  VERSION = '0.46.0'.freeze
+  VERSION = '0.47.0'.freeze
 end