diff --git a/_service b/_service
index cea4a4b..5a16236 100644
--- a/_service
+++ b/_service
@@ -3,7 +3,7 @@
     <param name="url">https://github.com/gruntwork-io/terragrunt</param>
     <param name="scm">git</param>
     <param name="exclude">.git</param>
-    <param name="revision">v0.38.3</param>
+    <param name="revision">v0.38.4</param>
     <param name="versionformat">@PARENT_TAG@</param>
     <param name="changesgenerate">enable</param>
     <param name="versionrewrite-pattern">v(.*)</param>
@@ -16,6 +16,6 @@
     <param name="compression">gz</param>
   </service>
   <service name="go_modules" mode="disabled">
-    <param name="archive">terragrunt-0.38.3.tar.gz</param>
+    <param name="archive">terragrunt-0.38.4.tar.gz</param>
   </service>
 </services>
diff --git a/_servicedata b/_servicedata
index 64f709d..02c3a77 100644
--- a/_servicedata
+++ b/_servicedata
@@ -1,4 +1,4 @@
 <servicedata>
 <service name="tar_scm">
                 <param name="url">https://github.com/gruntwork-io/terragrunt</param>
-              <param name="changesrevision">7d143740c05ef9a5cc87414c5b22107bf3cb1425</param></service></servicedata>
\ No newline at end of file
+              <param name="changesrevision">48ff9d35066df8a7a49e6b854af95921618758ec</param></service></servicedata>
\ No newline at end of file
diff --git a/terragrunt-0.38.3.tar.gz b/terragrunt-0.38.3.tar.gz
deleted file mode 100644
index ae7fa77..0000000
--- a/terragrunt-0.38.3.tar.gz
+++ /dev/null
@@ -1,3 +0,0 @@
-version https://git-lfs.github.com/spec/v1
-oid sha256:3d9c01a49216c9eb996b57af9c2cfd4b57e221a350621a684b63e8cd5fc36a78
-size 2313079
diff --git a/terragrunt-0.38.4.tar.gz b/terragrunt-0.38.4.tar.gz
new file mode 100644
index 0000000..ceef944
--- /dev/null
+++ b/terragrunt-0.38.4.tar.gz
@@ -0,0 +1,3 @@
+version https://git-lfs.github.com/spec/v1
+oid sha256:c0c1acb118c939c7790db3a23c321e138a81d034942a36b4771f3aab730780ef
+size 2315274
diff --git a/terragrunt.changes b/terragrunt.changes
index 2b216f5..d64742c 100644
--- a/terragrunt.changes
+++ b/terragrunt.changes
@@ -1,3 +1,9 @@
+-------------------------------------------------------------------
+Tue Jul 05 14:19:25 UTC 2022 - kastl@b1-systems.de
+
+- Update to version 0.38.4:
+  * Use faster hashing approach when handling local module sources (#2168)
+
 -------------------------------------------------------------------
 Fri Jul 01 10:52:34 UTC 2022 - kastl@b1-systems.de
 
diff --git a/terragrunt.spec b/terragrunt.spec
index 4c485c3..ddee6e5 100644
--- a/terragrunt.spec
+++ b/terragrunt.spec
@@ -19,7 +19,7 @@
 %define __arch_install_post export NO_BRP_STRIP_DEBUG=true
 
 Name:           terragrunt
-Version:        0.38.3
+Version:        0.38.4
 Release:        0
 Summary:        Thin wrapper for Terraform for working with multiple Terraform modules
 License:        MIT
diff --git a/vendor.tar.gz b/vendor.tar.gz
index f28812c..4459c70 100644
--- a/vendor.tar.gz
+++ b/vendor.tar.gz
@@ -1,3 +1,3 @@
 version https://git-lfs.github.com/spec/v1
-oid sha256:0bddfce8805de81a3db767c87b823ecf16839c8dd91c3983e29551d1cc27c003
-size 9082755
+oid sha256:9db95bf937b04a5e2709cd58a93c38c80d647ec4335226a558b38b3f48436639
+size 9079861