diff --git a/fonttools-4.37.1-gh.tar.gz b/fonttools-4.37.1-gh.tar.gz
deleted file mode 100644
index e0f0320..0000000
--- a/fonttools-4.37.1-gh.tar.gz
+++ /dev/null
@@ -1,3 +0,0 @@
-version https://git-lfs.github.com/spec/v1
-oid sha256:9a94f852b602540b11aa520952245ddebc22a490f74d838dbb88f82710a4db20
-size 3581903
diff --git a/fonttools-4.38.0.tar.gz b/fonttools-4.38.0.tar.gz
new file mode 100644
index 0000000..6feffe1
--- /dev/null
+++ b/fonttools-4.38.0.tar.gz
@@ -0,0 +1,3 @@
+version https://git-lfs.github.com/spec/v1
+oid sha256:764c569221fb437d0c3937d19d3e38e137d324f225fb30e54ef0aaa2d6f7a289
+size 3603281
diff --git a/python-FontTools.changes b/python-FontTools.changes
index bda68df..d374cfd 100644
--- a/python-FontTools.changes
+++ b/python-FontTools.changes
@@ -1,3 +1,19 @@
+-------------------------------------------------------------------
+Tue Nov 22 06:56:23 UTC 2022 - Marguerite Su <i@marguerite.su>
+
+- Update to 4.38.0
+  * [varLib.instancer] Added support for L4 instancing, i.e. moving the
+    default value of an axis while keeping it variable.
+  * [otlLib/featureVars] Set a few Count values so one doesn't need to
+    compile the font to update them
+  * [varLib.models] Make extrapolation work for 2-master models as well
+    where one master is at the default location
+    Add optional extrapolate=False to normalizeLocation()
+  * [varLib.cff] Fixed sub-optimal packing of CFF2 deltas by no longer
+    rounding them to integer
+  * [scaleUpem] Calculate numShorts in VarData after scale; handle CFF
+    hintmasks
+
 -------------------------------------------------------------------
 Mon Aug 29 16:55:08 UTC 2022 - Gordon Leung <pirateclip@protonmail.com>
 
diff --git a/python-FontTools.spec b/python-FontTools.spec
index 7f40868..5775b32 100644
--- a/python-FontTools.spec
+++ b/python-FontTools.spec
@@ -27,14 +27,14 @@
 %{?!python_module:%define python_module() python3-%{**}}
 %define skip_python2 1
 Name:           python-FontTools%{psuffix}
-Version:        4.37.1
+Version:        4.38.0
 Release:        0
 Summary:        Suite of Tools and Libraries for Manipulating Fonts
 License:        MIT AND OFL-1.1
 Group:          Development/Languages/Python
 URL:            https://github.com/fonttools/fonttools
 # The PyPI archive lacks some test files, but the source is identical to the github archive
-Source:         https://github.com/fonttools/fonttools/archive/refs/tags/%{version}.tar.gz#/fonttools-%{version}-gh.tar.gz
+Source:         https://github.com/fonttools/fonttools/archive/refs/tags/%{version}.tar.gz#/fonttools-%{version}.tar.gz
 BuildRequires:  %{python_module devel >= 3.7}
 BuildRequires:  %{python_module setuptools}
 BuildRequires:  fdupes