diff --git a/arch/arm64/kvm/pmu-emul.c b/arch/arm64/kvm/pmu-emul.c
index b238b3d5515cc4d358180abddebcfe7406e3680d..7bab73f85b589538ad28400ea5240f64e9b19f10 100644
--- a/arch/arm64/kvm/pmu-emul.c
+++ b/arch/arm64/kvm/pmu-emul.c
@@ -7,6 +7,7 @@
 #include <linux/cpu.h>
 #include <linux/kvm.h>
 #include <linux/kvm_host.h>
+#include <linux/list.h>
 #include <linux/perf_event.h>
 #include <linux/perf/arm_pmu.h>
 #include <linux/uaccess.h>
@@ -16,6 +17,9 @@
 
 DEFINE_STATIC_KEY_FALSE(kvm_arm_pmu_available);
 
+static LIST_HEAD(arm_pmus);
+static DEFINE_MUTEX(arm_pmus_lock);
+
 static void kvm_pmu_create_perf_event(struct kvm_vcpu *vcpu, u64 select_idx);
 static void kvm_pmu_update_pmc_chained(struct kvm_vcpu *vcpu, u64 select_idx);
 static void kvm_pmu_stop_counter(struct kvm_vcpu *vcpu, struct kvm_pmc *pmc);
@@ -750,9 +754,26 @@ void kvm_pmu_set_counter_event_type(struct kvm_vcpu *vcpu, u64 data,
 
 void kvm_host_pmu_init(struct arm_pmu *pmu)
 {
-	if (pmu->pmuver != 0 && pmu->pmuver != ID_AA64DFR0_PMUVER_IMP_DEF &&
-	    !kvm_arm_support_pmu_v3() && !is_protected_kvm_enabled())
+	struct arm_pmu_entry *entry;
+
+	if (pmu->pmuver == 0 || pmu->pmuver == ID_AA64DFR0_PMUVER_IMP_DEF ||
+	    is_protected_kvm_enabled())
+		return;
+
+	mutex_lock(&arm_pmus_lock);
+
+	entry = kmalloc(sizeof(*entry), GFP_KERNEL);
+	if (!entry)
+		goto out_unlock;
+
+	entry->arm_pmu = pmu;
+	list_add_tail(&entry->entry, &arm_pmus);
+
+	if (list_is_singular(&arm_pmus))
 		static_branch_enable(&kvm_arm_pmu_available);
+
+out_unlock:
+	mutex_unlock(&arm_pmus_lock);
 }
 
 static struct arm_pmu *kvm_pmu_probe_armpmu(void)
diff --git a/include/kvm/arm_pmu.h b/include/kvm/arm_pmu.h
index f9ed4c171d7bf816d4228e5595496afefc8f94de..20193416d2141ef7e542a9ab381c575b6c17fb4e 100644
--- a/include/kvm/arm_pmu.h
+++ b/include/kvm/arm_pmu.h
@@ -29,6 +29,11 @@ struct kvm_pmu {
 	struct irq_work overflow_work;
 };
 
+struct arm_pmu_entry {
+	struct list_head entry;
+	struct arm_pmu *arm_pmu;
+};
+
 DECLARE_STATIC_KEY_FALSE(kvm_arm_pmu_available);
 
 static __always_inline bool kvm_arm_support_pmu_v3(void)