diff --git a/megatron/core/distributed/fsdp/src/megatron_fsdp/package_info.py b/megatron/core/distributed/fsdp/src/megatron_fsdp/package_info.py
index c696b00bff8..8b245813ff0 100644
--- a/megatron/core/distributed/fsdp/src/megatron_fsdp/package_info.py
+++ b/megatron/core/distributed/fsdp/src/megatron_fsdp/package_info.py
@@ -3,7 +3,7 @@
 
 MAJOR = 0
 MINOR = 3
-PATCH = 1
+PATCH = 2
 PRE_RELEASE = ""
 
 # Use the following formatting: (major, minor, patch, pre-release)
diff --git a/megatron/core/package_info.py b/megatron/core/package_info.py
index 7cb28084516..3273478be46 100644
--- a/megatron/core/package_info.py
+++ b/megatron/core/package_info.py
@@ -3,7 +3,7 @@
 
 MAJOR = 0
 MINOR = 16
-PATCH = 1
+PATCH = 2
 PRE_RELEASE = ""
 
 # Use the following formatting: (major, minor, patch, pre-release)