diff --git a/.release-please-manifest.json b/.release-please-manifest.json
index f12fff5889..c89a651d41 100644
--- a/.release-please-manifest.json
+++ b/.release-please-manifest.json
@@ -1,3 +1,3 @@
 {
-  ".": "0.132.0"
+  ".": "0.132.1"
 }
diff --git a/CHANGELOG.md b/CHANGELOG.md
index dfde5343e6..b3df8bd31a 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,17 @@
 # Changelog
 
+## [0.132.1](https://github.com/chio-labs/sqlbuild/compare/v0.132.0...v0.132.1) (2026-10-02)
+
+
+### Bug Fixes
+
+* keep set operations after subquery operands at the outer query ([#914](https://github.com/chio-labs/sqlbuild/issues/914)) ([d8d9507](https://github.com/chio-labs/sqlbuild/commit/d8d950779515cd1de3f836bea32bfad736f582da))
+
+
+### Performance Improvements
+
+* **compile:** reuse rule results on warm and one-edit compiles ([#915](https://github.com/chio-labs/sqlbuild/issues/915)) ([01a2bbd](https://github.com/chio-labs/sqlbuild/commit/01a2bbd7e6dcbc905a776c7111c6eca506bf5368))
+
 ## [0.132.0](https://github.com/chio-labs/sqlbuild/compare/v0.131.0...v0.132.0) (2026-10-02)
 
 
diff --git a/Cargo.lock b/Cargo.lock
index 07f2fe0f6e..a92b67ef66 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -617,7 +617,7 @@ checksum = "f8fadd59c855ef2080decdef8ff161eb6661b86933c9d82e5ba29dc602a55aba"
 
 [[package]]
 name = "sqlbuild-rules-native"
-version = "0.132.0"
+version = "0.132.1"
 dependencies = [
  "fensu-policy",
  "globset",
diff --git a/crates/sqlbuild-rules-native/Cargo.toml b/crates/sqlbuild-rules-native/Cargo.toml
index 1cf3c32e58..4c5c1b4ae0 100644
--- a/crates/sqlbuild-rules-native/Cargo.toml
+++ b/crates/sqlbuild-rules-native/Cargo.toml
@@ -1,6 +1,6 @@
 [package]
 name = "sqlbuild-rules-native"
-version = "0.132.0"
+version = "0.132.1"
 edition.workspace = true
 license.workspace = true
 publish.workspace = true
diff --git a/pyproject.toml b/pyproject.toml
index 15e5bff708..2237ab7d01 100644
--- a/pyproject.toml
+++ b/pyproject.toml
@@ -7,7 +7,7 @@ build-backend = "maturin"
 
 [project]
 name = "sqlbuild"
-version = "0.132.0"
+version = "0.132.1"
 description = "Typed, test-first SQL pipelines with local E2E testing"
 readme = "README.md"
 requires-python = ">=3.12"
diff --git a/uv.lock b/uv.lock
index ecce3c6a45..66c8ec89d5 100644
--- a/uv.lock
+++ b/uv.lock
@@ -4137,7 +4137,7 @@ wheels = [
 
 [[package]]
 name = "sqlbuild"
-version = "0.132.0"
+version = "0.132.1"
 source = { editable = "." }
 dependencies = [
     { name = "duckdb" },