diff --git a/Library/Homebrew/dev-cmd/bump.rb b/Library/Homebrew/dev-cmd/bump.rb
index da8140a4f0baf..84b01affc4770 100644
--- a/Library/Homebrew/dev-cmd/bump.rb
+++ b/Library/Homebrew/dev-cmd/bump.rb
@@ -35,6 +35,8 @@ def bump_args
              description: "Check only formulae."
       switch "--cask", "--casks",
              description: "Check only casks."
+      switch "--installed",
+             description: "Check formulae and casks that are currently installed."
       switch "--open-pr",
              description: "Open a pull request for the new version if none have been opened yet."
       flag   "--limit=",
@@ -60,26 +62,33 @@ def bump
       raise UsageError, "`--limit` must be used with either `--formula` or `--cask`."
     end
 
-    formulae_and_casks = if args.formula?
-      args.named.to_formulae
-    elsif args.cask?
-      args.named.to_casks
-    else
-      args.named.to_formulae_and_casks
-    end
-    formulae_and_casks = formulae_and_casks&.sort_by do |formula_or_cask|
-      formula_or_cask.respond_to?(:token) ? formula_or_cask.token : formula_or_cask.name
-    end
+    Homebrew.with_no_api_env do
+      formulae_and_casks = if args.installed?
+        formulae = args.cask? ? [] : Formula.installed
+        casks = args.formula? ? [] : Cask::Caskroom.casks
+        formulae + casks
+      elsif args.named.present?
+        if args.formula?
+          args.named.to_formulae
+        elsif args.cask?
+          args.named.to_casks
+        else
+          args.named.to_formulae_and_casks
+        end
+      end
 
-    unless Utils::Curl.curl_supports_tls13?
-      begin
-        ensure_formula_installed!("curl", reason: "Repology queries") unless HOMEBREW_BREWED_CURL_PATH.exist?
-      rescue FormulaUnavailableError
-        opoo "A newer `curl` is required for Repology queries."
+      formulae_and_casks = formulae_and_casks&.sort_by do |formula_or_cask|
+        formula_or_cask.respond_to?(:token) ? formula_or_cask.token : formula_or_cask.name
+      end
+
+      unless Utils::Curl.curl_supports_tls13?
+        begin
+          ensure_formula_installed!("curl", reason: "Repology queries") unless HOMEBREW_BREWED_CURL_PATH.exist?
+        rescue FormulaUnavailableError
+          opoo "A newer `curl` is required for Repology queries."
+        end
       end
-    end
 
-    Homebrew.with_no_api_env do
       if formulae_and_casks.present?
         handle_formula_and_casks(formulae_and_casks, args)
       else
diff --git a/completions/bash/brew b/completions/bash/brew
index 399e844e737e4..2c523322057c2 100644
--- a/completions/bash/brew
+++ b/completions/bash/brew
@@ -441,6 +441,7 @@ _brew_bump() {
       --formula
       --full-name
       --help
+      --installed
       --limit
       --no-pull-requests
       --open-pr
diff --git a/completions/fish/brew.fish b/completions/fish/brew.fish
index ea011bf9a86e0..3c0507b3e6b0f 100644
--- a/completions/fish/brew.fish
+++ b/completions/fish/brew.fish
@@ -384,6 +384,7 @@ __fish_brew_complete_arg 'bump' -l debug -d 'Display any debugging information'
 __fish_brew_complete_arg 'bump' -l formula -d 'Check only formulae'
 __fish_brew_complete_arg 'bump' -l full-name -d 'Print formulae/casks with fully-qualified names'
 __fish_brew_complete_arg 'bump' -l help -d 'Show this message'
+__fish_brew_complete_arg 'bump' -l installed -d 'Check formulae and casks that are currently installed'
 __fish_brew_complete_arg 'bump' -l limit -d 'Limit number of package results returned'
 __fish_brew_complete_arg 'bump' -l no-pull-requests -d 'Do not retrieve pull requests from GitHub'
 __fish_brew_complete_arg 'bump' -l open-pr -d 'Open a pull request for the new version if none have been opened yet'
diff --git a/completions/zsh/_brew b/completions/zsh/_brew
index 8fc52f55ac3f7..a8164b8dc29b1 100644
--- a/completions/zsh/_brew
+++ b/completions/zsh/_brew
@@ -495,6 +495,7 @@ _brew_bump() {
     '--debug[Display any debugging information]' \
     '--full-name[Print formulae/casks with fully-qualified names]' \
     '--help[Show this message]' \
+    '--installed[Check formulae and casks that are currently installed]' \
     '--limit[Limit number of package results returned]' \
     '(--open-pr)--no-pull-requests[Do not retrieve pull requests from GitHub]' \
     '(--no-pull-requests)--open-pr[Open a pull request for the new version if none have been opened yet]' \
diff --git a/docs/Manpage.md b/docs/Manpage.md
index d4059e01e2c18..4ee78ea4ec819 100644
--- a/docs/Manpage.md
+++ b/docs/Manpage.md
@@ -1012,6 +1012,8 @@ formulae, also displays whether a pull request has been opened with the URL.
   Check only formulae.
 * `--cask`:
   Check only casks.
+* `--installed`:
+  Check formulae and casks that are currently installed.
 * `--open-pr`:
   Open a pull request for the new version if none have been opened yet.
 * `--limit`:
diff --git a/manpages/brew.1 b/manpages/brew.1
index fb25c6f94c874..add813434a958 100644
--- a/manpages/brew.1
+++ b/manpages/brew.1
@@ -1443,6 +1443,10 @@ Check only formulae\.
 Check only casks\.
 .
 .TP
+\fB\-\-installed\fR
+Check formulae and casks that are currently installed\.
+.
+.TP
 \fB\-\-open\-pr\fR
 Open a pull request for the new version if none have been opened yet\.
 .