diff --git a/hack/tools/go.mod b/hack/tools/go.mod
index fae937eeff56..4ec5c9ed95c5 100644
--- a/hack/tools/go.mod
+++ b/hack/tools/go.mod
@@ -22,7 +22,7 @@ require (
 	k8s.io/utils v0.0.0-20230406110748-d93618cff8a2
 	sigs.k8s.io/cluster-api v0.0.0-00010101000000-000000000000
 	sigs.k8s.io/cluster-api/test v0.0.0-00010101000000-000000000000
-	sigs.k8s.io/controller-runtime v0.16.2
+	sigs.k8s.io/controller-runtime v0.16.3
 	sigs.k8s.io/controller-tools v0.13.0
 	sigs.k8s.io/kubebuilder/docs/book/utils v0.0.0-20211028165026-57688c578b5d
 	sigs.k8s.io/kustomize/api v0.13.5-0.20230601165947-6ce0bf390ce3
diff --git a/hack/tools/go.sum b/hack/tools/go.sum
index 7ff79f39b8e9..77642ed0be93 100644
--- a/hack/tools/go.sum
+++ b/hack/tools/go.sum
@@ -746,8 +746,8 @@ k8s.io/utils v0.0.0-20230406110748-d93618cff8a2/go.mod h1:OLgZIPagt7ERELqWJFomSt
 rsc.io/binaryregexp v0.2.0/go.mod h1:qTv7/COck+e2FymRvadv62gMdZztPaShugOCi3I+8D8=
 rsc.io/quote/v3 v3.1.0/go.mod h1:yEA65RcK8LyAZtP9Kv3t0HmxON59tX3rD+tICJqUlj0=
 rsc.io/sampler v1.3.0/go.mod h1:T1hPZKmBbMNahiBKFy5HrXp6adAjACjK9JXDnKaTXpA=
-sigs.k8s.io/controller-runtime v0.16.2 h1:mwXAVuEk3EQf478PQwQ48zGOXvW27UJc8NHktQVuIPU=
-sigs.k8s.io/controller-runtime v0.16.2/go.mod h1:vpMu3LpI5sYWtujJOa2uPK61nB5rbwlN7BAB8aSLvGU=
+sigs.k8s.io/controller-runtime v0.16.3 h1:2TuvuokmfXvDUamSx1SuAOO3eTyye+47mJCigwG62c4=
+sigs.k8s.io/controller-runtime v0.16.3/go.mod h1:j7bialYoSn142nv9sCOJmQgDXQXxnroFU4VnX/brVJ0=
 sigs.k8s.io/controller-tools v0.13.0 h1:NfrvuZ4bxyolhDBt/rCZhDnx3M2hzlhgo5n3Iv2RykI=
 sigs.k8s.io/controller-tools v0.13.0/go.mod h1:5vw3En2NazbejQGCeWKRrE7q4P+CW8/klfVqP8QZkgA=
 sigs.k8s.io/json v0.0.0-20221116044647-bc3834ca7abd h1:EDPBXCAspyGV4jQlpZSudPeMmr1bNJefnuqLsRAsHZo=