diff --git a/setup.py b/setup.py
index 8ce1e993f3c..0b236fe2299 100644
--- a/setup.py
+++ b/setup.py
@@ -8,7 +8,7 @@
 
 from setuptools import find_packages, setup
 
-PINNED_BOTORCH_VERSION = "0.11.0"
+PINNED_BOTORCH_VERSION = "0.11.3"
 
 if os.environ.get("ALLOW_BOTORCH_LATEST"):
     # allows a more recent previously installed version of botorch to remain