diff --git a/dependencyManagement/build.gradle.kts b/dependencyManagement/build.gradle.kts
index 2772032e73a4..cee7abe7a673 100644
--- a/dependencyManagement/build.gradle.kts
+++ b/dependencyManagement/build.gradle.kts
@@ -10,7 +10,7 @@ val otelContribVersion = "1.50.0-alpha"
 val otelSdkAlphaVersion = otelSdkVersion.replaceFirst("(-SNAPSHOT)?$".toRegex(), "-alpha$1")
 
 // Need both BOM and groovy jars
-val groovyVersion = "4.0.28"
+val groovyVersion = "4.0.29"
 
 // We don't force libraries we instrument to new versions since we compile and test against specific
 // old baseline versions but we do try to force those libraries' transitive dependencies to new