diff --git a/.pre-commit-config.yaml b/.pre-commit-config.yaml
index e61e688d..214c2857 100644
--- a/.pre-commit-config.yaml
+++ b/.pre-commit-config.yaml
@@ -21,7 +21,7 @@ repos:
     hooks:
     -   id: autopep8
 -   repo: https://github.com/pre-commit/pre-commit
-    rev: v2.12.0
+    rev: v2.12.1
     hooks:
     -   id: validate_manifest
 -   repo: https://github.com/asottile/pyupgrade
diff --git a/CHANGELOG.md b/CHANGELOG.md
index 2d6a35d9..2f154c44 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,3 +1,11 @@
+2.12.1 - 2021-04-16
+===================
+
+### Fixes
+- Fix race condition when stashing files in multiple parallel invocations
+    - #1881 PR by @adamchainz.
+    - #1880 issue by @adamchainz.
+
 2.12.0 - 2021-04-06
 ===================
 
diff --git a/setup.cfg b/setup.cfg
index b336e582..40029987 100644
--- a/setup.cfg
+++ b/setup.cfg
@@ -1,6 +1,6 @@
 [metadata]
 name = pre_commit
-version = 2.12.0
+version = 2.12.1
 description = A framework for managing and maintaining multi-language pre-commit hooks.
 long_description = file: README.md
 long_description_content_type = text/markdown