diff --git a/tokio/src/runtime/builder.rs b/tokio/src/runtime/builder.rs
index 2629065f14d..adee919656e 100644
--- a/tokio/src/runtime/builder.rs
+++ b/tokio/src/runtime/builder.rs
@@ -1231,12 +1231,6 @@ cfg_rt_multi_thread! {
             use crate::runtime::scheduler::{self, MultiThread};
 
             let core_threads = self.worker_threads.unwrap_or_else(num_cpus);
-            // Shrink the size of spawn_concurrency_level when using loom. This shouldn't impact
-            // logic, but allows loom to test more edge cases in a reasoable a mount of time.
-            #[cfg(loom)]
-            let spawn_concurrency_level = 4;
-            #[cfg(not(loom))]
-            let spawn_concurrency_level = Self::get_spawn_concurrency_level(core_threads);
 
             let (driver, driver_handle) = driver::Driver::new(self.get_cfg())?;
 
@@ -1255,7 +1249,6 @@ cfg_rt_multi_thread! {
                 driver_handle,
                 blocking_spawner,
                 seed_generator_2,
-                spawn_concurrency_level,
                 Config {
                     before_park: self.before_park.clone(),
                     after_unpark: self.after_unpark.clone(),
@@ -1286,14 +1279,6 @@ cfg_rt_multi_thread! {
                 use crate::runtime::scheduler::MultiThreadAlt;
 
                 let core_threads = self.worker_threads.unwrap_or_else(num_cpus);
-
-                // Shrink the size of spawn_concurrency_level when using loom. This shouldn't impact
-                // logic, but allows loom to test more edge cases in a reasoable a mount of time.
-                #[cfg(loom)]
-                let spawn_concurrency_level = 4;
-                #[cfg(not(loom))]
-                let spawn_concurrency_level = Self::get_spawn_concurrency_level(core_threads);
-
                 let (driver, driver_handle) = driver::Driver::new(self.get_cfg())?;
 
                 // Create the blocking pool
@@ -1311,7 +1296,6 @@ cfg_rt_multi_thread! {
                     driver_handle,
                     blocking_spawner,
                     seed_generator_2,
-                    spawn_concurrency_level,
                     Config {
                         before_park: self.before_park.clone(),
                         after_unpark: self.after_unpark.clone(),
@@ -1329,15 +1313,6 @@ cfg_rt_multi_thread! {
                 Ok(Runtime::from_parts(Scheduler::MultiThreadAlt(scheduler), handle, blocking_pool))
             }
         }
-
-        fn get_spawn_concurrency_level(core_threads : usize) -> usize {
-            const MAX_SPAWN_CONCURRENCY_LEVEL: usize = 1 << 16;
-                    let mut size = 1;
-                    while size / 4 < core_threads && size < MAX_SPAWN_CONCURRENCY_LEVEL {
-                        size <<= 1;
-                    }
-                    size.min(MAX_SPAWN_CONCURRENCY_LEVEL)
-            }
     }
 }
 
diff --git a/tokio/src/runtime/scheduler/multi_thread/mod.rs b/tokio/src/runtime/scheduler/multi_thread/mod.rs
index 24d353cdfac..d85a0ae0a2a 100644
--- a/tokio/src/runtime/scheduler/multi_thread/mod.rs
+++ b/tokio/src/runtime/scheduler/multi_thread/mod.rs
@@ -60,7 +60,6 @@ impl MultiThread {
         driver_handle: driver::Handle,
         blocking_spawner: blocking::Spawner,
         seed_generator: RngSeedGenerator,
-        spawn_concurrency_level: usize,
         config: Config,
     ) -> (MultiThread, Arc<Handle>, Launch) {
         let parker = Parker::new(driver);
@@ -70,7 +69,6 @@ impl MultiThread {
             driver_handle,
             blocking_spawner,
             seed_generator,
-            spawn_concurrency_level,
             config,
         );
 
diff --git a/tokio/src/runtime/scheduler/multi_thread/worker.rs b/tokio/src/runtime/scheduler/multi_thread/worker.rs
index d4aed2ec231..c1dd6df9865 100644
--- a/tokio/src/runtime/scheduler/multi_thread/worker.rs
+++ b/tokio/src/runtime/scheduler/multi_thread/worker.rs
@@ -245,7 +245,6 @@ pub(super) fn create(
     driver_handle: driver::Handle,
     blocking_spawner: blocking::Spawner,
     seed_generator: RngSeedGenerator,
-    spawn_concurrency_level: usize,
     config: Config,
 ) -> (Arc<Handle>, Launch) {
     let mut cores = Vec::with_capacity(size);
@@ -288,7 +287,7 @@ pub(super) fn create(
             remotes: remotes.into_boxed_slice(),
             inject,
             idle,
-            owned: OwnedTasks::new(spawn_concurrency_level as u32),
+            owned: OwnedTasks::new(size),
             synced: Mutex::new(Synced {
                 idle: idle_synced,
                 inject: inject_synced,
diff --git a/tokio/src/runtime/scheduler/multi_thread_alt/mod.rs b/tokio/src/runtime/scheduler/multi_thread_alt/mod.rs
index 86c6f96087d..e30c9b4783b 100644
--- a/tokio/src/runtime/scheduler/multi_thread_alt/mod.rs
+++ b/tokio/src/runtime/scheduler/multi_thread_alt/mod.rs
@@ -49,7 +49,6 @@ impl MultiThread {
         driver_handle: driver::Handle,
         blocking_spawner: blocking::Spawner,
         seed_generator: RngSeedGenerator,
-        spawn_concurrency_level: usize,
         config: Config,
     ) -> (MultiThread, runtime::Handle) {
         let handle = worker::create(
@@ -58,7 +57,6 @@ impl MultiThread {
             driver_handle,
             blocking_spawner,
             seed_generator,
-            spawn_concurrency_level,
             config,
         );
 
diff --git a/tokio/src/runtime/scheduler/multi_thread_alt/worker.rs b/tokio/src/runtime/scheduler/multi_thread_alt/worker.rs
index 6db95a935d0..8d16418a80b 100644
--- a/tokio/src/runtime/scheduler/multi_thread_alt/worker.rs
+++ b/tokio/src/runtime/scheduler/multi_thread_alt/worker.rs
@@ -259,7 +259,6 @@ pub(super) fn create(
     driver_handle: driver::Handle,
     blocking_spawner: blocking::Spawner,
     seed_generator: RngSeedGenerator,
-    spawn_concurrency_level: usize,
     config: Config,
 ) -> runtime::Handle {
     let mut num_workers = num_cores;
@@ -308,7 +307,7 @@ pub(super) fn create(
             remotes: remotes.into_boxed_slice(),
             inject,
             idle,
-            owned: OwnedTasks::new(spawn_concurrency_level as u32),
+            owned: OwnedTasks::new(num_cores),
             synced: Mutex::new(Synced {
                 assigned_cores: (0..num_workers).map(|_| None).collect(),
                 shutdown_cores: Vec::with_capacity(num_cores),
diff --git a/tokio/src/runtime/task/list.rs b/tokio/src/runtime/task/list.rs
index 44873540986..b46deb9e909 100644
--- a/tokio/src/runtime/task/list.rs
+++ b/tokio/src/runtime/task/list.rs
@@ -68,15 +68,17 @@ pub(crate) struct LocalOwnedTasks<S: 'static> {
     pub(crate) id: NonZeroU64,
     _not_send_or_sync: PhantomData<*const ()>,
 }
+
 struct OwnedTasksInner<S: 'static> {
     list: LinkedList<Task<S>, <Task<S> as Link>::Target>,
     closed: bool,
 }
 
 impl<S: 'static> OwnedTasks<S> {
-    pub(crate) fn new(concurrency_level: u32) -> Self {
+    pub(crate) fn new(num_cores: usize) -> Self {
+        let shard_size = Self::gen_shared_list_size(num_cores);
         Self {
-            list: List::new(concurrency_level as usize),
+            list: List::new(shard_size),
             closed: AtomicBool::new(false),
             id: get_next_id(),
         }
@@ -183,6 +185,22 @@ impl<S: 'static> OwnedTasks<S> {
     pub(crate) fn is_empty(&self) -> bool {
         self.list.is_empty()
     }
+
+    fn gen_shared_list_size(num_cores: usize) -> usize {
+        // Shrink the size of spawn_concurrency_level when using loom. This shouldn't impact
+        // logic, but allows loom to test more edge cases in a reasoable a mount of time.
+        #[cfg(loom)]
+        return 4;
+        #[cfg(not(loom))]
+        {
+            const MAX_SHARED_LIST_SIZE: usize = 1 << 16;
+            let mut size = 1;
+            while size / 4 < num_cores && size < MAX_SHARED_LIST_SIZE {
+                size <<= 1;
+            }
+            size.min(MAX_SHARED_LIST_SIZE)
+        }
+    }
 }
 
 cfg_taskdump! {