diff --git a/Project.toml b/Project.toml
index 7b1fb1673..99b0f5c14 100644
--- a/Project.toml
+++ b/Project.toml
@@ -1,6 +1,6 @@
 name = "Compat"
 uuid = "34da2185-b29b-5c13-b0c7-acf172513d20"
-version = "4.15.0"
+version = "4.16.0"
 
 [deps]
 Dates = "ade2ca70-3891-5945-98fb-dc099432e06a"
diff --git a/README.md b/README.md
index 280f20700..3478d88a4 100644
--- a/README.md
+++ b/README.md
@@ -72,6 +72,8 @@ changes in `julia`.
 
 ## Supported features
 
+* `Fix{N}` which fixes an argument at the `N`th position ([#54653]) (since Compat 4.16.0)
+
 * `chopprefix(s, prefix)` and `chopsuffix(s, suffix)` ([#40995]) (since Compat 4.15.0)
 
 * `logrange(lo, hi; length)` is like `range` but with a constant ratio, not difference. ([#39071]) (since Compat 4.14.0) Note that on Julia 1.8 and earlier, the version from Compat has slightly lower floating-point accuracy than the one in Base (Julia 1.11 and later).
@@ -192,3 +194,4 @@ Note that you should specify the correct minimum version for `Compat` in the
 [#47679]: https://github.com/JuliaLang/julia/pull/47679
 [#48038]: https://github.com/JuliaLang/julia/issues/48038
 [#50105]: https://github.com/JuliaLang/julia/issues/50105
+[#54653]: https://github.com/JuliaLang/julia/issues/54653