diff --git a/hermes_cli/banner.py b/hermes_cli/banner.py
index c8446f04d9c..1cfb0d51f76 100644
--- a/hermes_cli/banner.py
+++ b/hermes_cli/banner.py
@@ -206,9 +206,12 @@ def check_for_updates() -> Optional[int]:
     if embedded_rev:
         behind = _check_via_rev(embedded_rev)
     else:
-        repo_dir = hermes_home / "hermes-agent"
+        # Prefer the running code's location over the profile-scoped path.
+        # $HERMES_HOME/hermes-agent/ may be a stale copy from --clone-all;
+        # Path(__file__) always resolves to the actual installed checkout.
+        repo_dir = Path(__file__).parent.parent.resolve()
         if not (repo_dir / ".git").exists():
-            repo_dir = Path(__file__).parent.parent.resolve()
+            repo_dir = hermes_home / "hermes-agent"
         if not (repo_dir / ".git").exists():
             return None
         behind = _check_via_local_git(repo_dir)
@@ -222,11 +225,16 @@ def check_for_updates() -> Optional[int]:
 
 
 def _resolve_repo_dir() -> Optional[Path]:
-    """Return the active Hermes git checkout, or None if this isn't a git install."""
-    hermes_home = get_hermes_home()
-    repo_dir = hermes_home / "hermes-agent"
+    """Return the active Hermes git checkout, or None if this isn't a git install.
+
+    Prefers the running code's location over the profile-scoped path
+    because ``$HERMES_HOME/hermes-agent/`` may be a stale copy carried
+    over by ``--clone-all``.
+    """
+    repo_dir = Path(__file__).parent.parent.resolve()
     if not (repo_dir / ".git").exists():
-        repo_dir = Path(__file__).parent.parent.resolve()
+        hermes_home = get_hermes_home()
+        repo_dir = hermes_home / "hermes-agent"
     return repo_dir if (repo_dir / ".git").exists() else None