diff --git a/python-traitlets.changes b/python-traitlets.changes
index bbe0f47..7b0f95d 100644
--- a/python-traitlets.changes
+++ b/python-traitlets.changes
@@ -1,3 +1,12 @@
+-------------------------------------------------------------------
+Wed Jun 22 14:01:30 UTC 2022 - Ben Greiner <code@bnavigator.de>
+
+- Update to 5.3.0
+  * Fix traitlet name in docstring by @fcollonval in #745
+  * Re-support multiple-alias key for ArgParseConfigLoader by
+    @azjps in #687
+- Drop traitlets-pr739-fixversion.patch
+
 -------------------------------------------------------------------
 Sun Jun  5 16:53:54 UTC 2022 - Ben Greiner <code@bnavigator.de>
 
diff --git a/python-traitlets.spec b/python-traitlets.spec
index cbf4b06..419c4f7 100644
--- a/python-traitlets.spec
+++ b/python-traitlets.spec
@@ -17,14 +17,12 @@
 
 
 Name:           python-traitlets
-Version:        5.2.2
+Version:        5.3.0
 Release:        0
 Summary:        Traitlets Python configuration system
 License:        BSD-3-Clause
 URL:            https://github.com/ipython/traitlets
 Source:         https://files.pythonhosted.org/packages/source/t/traitlets/traitlets-%{version}.tar.gz
-# PATCH-FIX-UPSTREAM traitlets-pr739-fixversion.patch -- gh#ipython/traitlets#739
-Patch1:         https://github.com/ipython/traitlets/pull/739.patch#/traitlets-pr739-fixversion.patch
 BuildRequires:  %{python_module base >= 3.7}
 BuildRequires:  %{python_module hatchling >= 0.25}
 BuildRequires:  %{python_module pip}
diff --git a/traitlets-5.2.2.tar.gz b/traitlets-5.2.2.tar.gz
deleted file mode 100644
index afc0856..0000000
--- a/traitlets-5.2.2.tar.gz
+++ /dev/null
@@ -1,3 +0,0 @@
-version https://git-lfs.github.com/spec/v1
-oid sha256:f72ba7d3b31e7938c122860d70d75a5f0ca34e6f2c7db2c7d2f06d47ae099f27
-size 136801
diff --git a/traitlets-5.3.0.tar.gz b/traitlets-5.3.0.tar.gz
new file mode 100644
index 0000000..4a32b8d
--- /dev/null
+++ b/traitlets-5.3.0.tar.gz
@@ -0,0 +1,3 @@
+version https://git-lfs.github.com/spec/v1
+oid sha256:0bb9f1f9f017aa8ec187d8b1b2a7a6626a2a1d877116baba52a129bfa124f8e2
+size 136916
diff --git a/traitlets-pr739-fixversion.patch b/traitlets-pr739-fixversion.patch
deleted file mode 100644
index 74ad740..0000000
--- a/traitlets-pr739-fixversion.patch
+++ /dev/null
@@ -1,42 +0,0 @@
-From 69de82b56bed9675c1acda293b5cdb4b1c1dcc7a Mon Sep 17 00:00:00 2001
-From: Joffrey Bienvenu <joffreybvn@gmail.com>
-Date: Tue, 31 May 2022 22:22:32 +0200
-Subject: [PATCH 1/2] Fix package version
-
----
- traitlets/_version.py | 2 +-
- 1 file changed, 1 insertion(+), 1 deletion(-)
-
-diff --git a/traitlets/_version.py b/traitlets/_version.py
-index ecff6d1d..a1b6b2c6 100644
---- a/traitlets/_version.py
-+++ b/traitlets/_version.py
-@@ -1,5 +1,5 @@
- version_info = (5, 2, 2, "final")
--__version__ = "5.2.2"
-+__version__ = "5.2.2.final"
- 
- # unlike `.dev`, alpha, beta and rc _must not_ have dots,
- # or the wheel and tgz won't look to pip like the same version.
-
-From ad10c659385a59c5d015ecae123b9b7a31a108cf Mon Sep 17 00:00:00 2001
-From: Joffrey Bienvenu <joffreybvn@gmail.com>
-Date: Tue, 31 May 2022 22:57:03 +0200
-Subject: [PATCH 2/2] Remove the 'final' keyword in version
-
----
- traitlets/_version.py | 4 ++--
- 1 file changed, 2 insertions(+), 2 deletions(-)
-
-diff --git a/traitlets/_version.py b/traitlets/_version.py
-index a1b6b2c6..f75993c7 100644
---- a/traitlets/_version.py
-+++ b/traitlets/_version.py
-@@ -1,5 +1,5 @@
--version_info = (5, 2, 2, "final")
--__version__ = "5.2.2.final"
-+version_info = (5, 2, 2)
-+__version__ = "5.2.2"
- 
- # unlike `.dev`, alpha, beta and rc _must not_ have dots,
- # or the wheel and tgz won't look to pip like the same version.