diff --git a/NEWS.md b/NEWS.md
index 8b2038c1c4..7a5cfdbf43 100644
--- a/NEWS.md
+++ b/NEWS.md
@@ -1,3 +1,17 @@
+### v10.5.0 (2023-07-20)
+
+#### Features
+
+* enabled code_level_metrics by default ([#1723](https://github.com/newrelic/node-newrelic/pull/1723)) ([0b96de3](https://github.com/newrelic/node-newrelic/commit/0b96de3fbf8db7be7d3673e29bab706d1d67de42))
+
+#### Bug Fixes
+
+* prevent ESM loader from loading instrumentation multiple times ([#1729](https://github.com/newrelic/node-newrelic/pull/1729)) ([962d172](https://github.com/newrelic/node-newrelic/commit/962d172aa5a9496041fe40e73ab8d183db94bae7))
+
+#### Miscellaneous Chores
+
+* **deps-dev:** bump word-wrap from 1.2.3 to 1.2.4 ([#1730](https://github.com/newrelic/node-newrelic/pull/1730)) ([500a69e](https://github.com/newrelic/node-newrelic/commit/500a69e6c9e94e4073805630e6d380f349d91689))
+
 ### v10.4.2 (2023-07-13)
 
 #### Bug Fixes
diff --git a/changelog.json b/changelog.json
index 977af615fc..79b889b398 100644
--- a/changelog.json
+++ b/changelog.json
@@ -1,6 +1,18 @@
 {
   "repository": "newrelic/node-newrelic",
   "entries": [
+    {
+      "version": "10.5.0",
+      "changes": {
+        "security": [],
+        "bugfixes": [
+          "prevent ESM loader from loading instrumentation multiple times"
+        ],
+        "features": [
+          "enabled code_level_metrics by default"
+        ]
+      }
+    },
     {
       "version": "10.4.2",
       "changes": {
diff --git a/package-lock.json b/package-lock.json
index 3c15908d4a..eec0f06361 100644
--- a/package-lock.json
+++ b/package-lock.json
@@ -1,12 +1,12 @@
 {
   "name": "newrelic",
-  "version": "10.4.2",
+  "version": "10.5.0",
   "lockfileVersion": 2,
   "requires": true,
   "packages": {
     "": {
       "name": "newrelic",
-      "version": "10.4.2",
+      "version": "10.5.0",
       "license": "Apache-2.0",
       "dependencies": {
         "@grpc/grpc-js": "^1.8.10",
diff --git a/package.json b/package.json
index b1c884c445..823a741215 100644
--- a/package.json
+++ b/package.json
@@ -1,6 +1,6 @@
 {
   "name": "newrelic",
-  "version": "10.4.2",
+  "version": "10.5.0",
   "author": "New Relic Node.js agent team <nodejs@newrelic.com>",
   "license": "Apache-2.0",
   "contributors": [