diff --git a/.release-please-manifest.json b/.release-please-manifest.json
index eafb614..6bbfeb6 100644
--- a/.release-please-manifest.json
+++ b/.release-please-manifest.json
@@ -1 +1 @@
-{".":"0.4.2"}
+{".":"0.5.0"}
diff --git a/CHANGELOG.md b/CHANGELOG.md
new file mode 100644
index 0000000..9e25f50
--- /dev/null
+++ b/CHANGELOG.md
@@ -0,0 +1,9 @@
+# Changelog
+
+## [0.5.0](https://github.com/ClosureTree/dag_me/compare/v0.4.2...v0.5.0) (2026-10-06)
+
+
+### Bug Fixes
+
+* keep the dev bundle off activerecord 8.1.4 ([b488d73](https://github.com/ClosureTree/dag_me/commit/b488d735e945ecaef270045e8a53254b9558b8f2))
+* recompute the closure without enumerating paths ([498c9dc](https://github.com/ClosureTree/dag_me/commit/498c9dced5d899de1c3ecd140accdda9f0c5c658))
diff --git a/lib/dag_me/version.rb b/lib/dag_me/version.rb
index 0bcbab7..1e259ac 100644
--- a/lib/dag_me/version.rb
+++ b/lib/dag_me/version.rb
@@ -1,5 +1,5 @@
 # frozen_string_literal: true
 
 module DagMe
-  VERSION = '0.4.2'
+  VERSION = '0.5.0'
 end