diff --git a/CHANGELOG.md b/CHANGELOG.md
index 9d74dff42da..69ffa821a71 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -58,6 +58,9 @@
 - Pass `variables` and `context` to a mutation's `update` function <br/>
   [@jcreighton](https://github.com/jcreighton) in [#7902](https://github.com/apollographql/apollo-client/pull/7902)
 
+- A `resultCacheMaxSize` option may be passed to the `InMemoryCache` constructor to limit the number of result objects that will be retained in memory (to speed up repeated reads), and calling `cache.reset()` now releases all such memory. <br/>
+  [@SofianHn](https://github.com/SofianHn) in [#8701](https://github.com/apollographql/apollo-client/pull/8701)
+
 ### Documentation
 TBD
 
diff --git a/src/cache/inmemory/__mocks__/optimism.ts b/src/cache/inmemory/__mocks__/optimism.ts
new file mode 100644
index 00000000000..a81787c6703
--- /dev/null
+++ b/src/cache/inmemory/__mocks__/optimism.ts
@@ -0,0 +1,5 @@
+const optimism = jest.requireActual('optimism');
+module.exports = {
+  ...optimism,
+  wrap: jest.fn(optimism.wrap),
+};
diff --git a/src/cache/inmemory/__tests__/cache.ts b/src/cache/inmemory/__tests__/cache.ts
index a0e00d24b6f..08fc4766c44 100644
--- a/src/cache/inmemory/__tests__/cache.ts
+++ b/src/cache/inmemory/__tests__/cache.ts
@@ -6,6 +6,9 @@ import { makeReference, Reference, makeVar, TypedDocumentNode, isReference, Docu
 import { Cache } from '../../../cache';
 import { InMemoryCache, InMemoryCacheConfig } from '../inMemoryCache';
 
+jest.mock('optimism');
+import { wrap } from 'optimism';
+
 disableFragmentWarnings();
 
 describe('Cache', () => {
@@ -1733,6 +1736,36 @@ describe('Cache', () => {
   });
 });
 
+describe('resultCacheMaxSize', () => {
+  let wrapSpy: jest.Mock = wrap as jest.Mock;
+  beforeEach(() => {
+    wrapSpy.mockClear();
+  });
+
+  it("does not set max size on caches if resultCacheMaxSize is not configured", () => {
+    new InMemoryCache();
+    expect(wrapSpy).toHaveBeenCalled();
+
+    // The first wrap call is for getFragmentQueryDocument which intentionally
+    // does not have a max set since it's not expected to grow.
+    wrapSpy.mock.calls.splice(1).forEach(([, { max }]) => {
+      expect(max).toBeUndefined();
+    })
+  });
+
+  it("configures max size on caches when resultCacheMaxSize is set", () => {
+    const resultCacheMaxSize = 12345;
+    new InMemoryCache({ resultCacheMaxSize });
+    expect(wrapSpy).toHaveBeenCalled();
+
+    // The first wrap call is for getFragmentQueryDocument which intentionally
+    // does not have a max set since it's not expected to grow.
+    wrapSpy.mock.calls.splice(1).forEach(([, { max }]) => {
+      expect(max).toBe(resultCacheMaxSize);
+    })
+  });
+});
+
 describe("InMemoryCache#broadcastWatches", function () {
   it("should keep distinct consumers distinct (issue #5733)", function () {
     const cache = new InMemoryCache();
diff --git a/src/cache/inmemory/__tests__/readFromStore.ts b/src/cache/inmemory/__tests__/readFromStore.ts
index 2a25c064df9..234fcabb6a5 100644
--- a/src/cache/inmemory/__tests__/readFromStore.ts
+++ b/src/cache/inmemory/__tests__/readFromStore.ts
@@ -19,6 +19,37 @@ import {
   TypedDocumentNode,
 } from '../../../core';
 
+jest.mock('optimism');
+import { wrap } from 'optimism';
+
+describe('resultCacheMaxSize', () => {
+  const cache = new InMemoryCache();
+  let wrapSpy: jest.Mock = wrap as jest.Mock;
+  beforeEach(() => {
+    wrapSpy.mockClear();
+  });
+
+  it("does not set max size on caches if resultCacheMaxSize is not configured", () => {
+    new StoreReader({ cache });
+    expect(wrapSpy).toHaveBeenCalled();
+
+    wrapSpy.mock.calls.forEach(([, { max }]) => {
+      expect(max).toBeUndefined();
+    })
+  });
+
+  it("configures max size on caches when resultCacheMaxSize is set", () => {
+    const resultCacheMaxSize = 12345;
+    new StoreReader({ cache, resultCacheMaxSize });
+    expect(wrapSpy).toHaveBeenCalled();
+
+    wrapSpy.mock.calls.forEach(([, { max }]) => {
+      expect(max).toBe(resultCacheMaxSize);
+    })
+  });
+});
+
+
 describe('reading from the store', () => {
   const reader = new StoreReader({
     cache: new InMemoryCache(),
diff --git a/src/cache/inmemory/entityStore.ts b/src/cache/inmemory/entityStore.ts
index 894069fe75a..6dc3124df19 100644
--- a/src/cache/inmemory/entityStore.ts
+++ b/src/cache/inmemory/entityStore.ts
@@ -341,17 +341,6 @@ export abstract class EntityStore implements NormalizedCache {
     }
   }
 
-  // Remove every Layer, leaving behind only the Root and the Stump.
-  public prune(): EntityStore {
-    if (this instanceof Layer) {
-      const parent = this.removeLayer(this.id);
-      if (parent !== this) {
-        return parent.prune();
-      }
-    }
-    return this;
-  }
-
   public abstract getStorage(
     idOrObj: string | StoreObject,
     ...storeFieldNames: (string | number)[]
diff --git a/src/cache/inmemory/inMemoryCache.ts b/src/cache/inmemory/inMemoryCache.ts
index 5c2b2a9e2dd..dc3cc2c762d 100644
--- a/src/cache/inmemory/inMemoryCache.ts
+++ b/src/cache/inmemory/inMemoryCache.ts
@@ -2,7 +2,7 @@
 import './fixPolyfills';
 
 import { DocumentNode } from 'graphql';
-import { wrap } from 'optimism';
+import { OptimisticWrapperFunction, wrap } from 'optimism';
 
 import { ApolloCache, BatchOptions } from '../core/cache';
 import { Cache } from '../core/types/Cache';
@@ -33,6 +33,7 @@ export interface InMemoryCacheConfig extends ApolloReducerConfig {
   resultCaching?: boolean;
   possibleTypes?: PossibleTypesMap;
   typePolicies?: TypePolicies;
+  resultCacheMaxSize?: number;
 }
 
 type BroadcastOptions = Pick<
@@ -60,6 +61,11 @@ export class InMemoryCache extends ApolloCache<NormalizedCacheObject> {
   private storeReader: StoreReader;
   private storeWriter: StoreWriter;
 
+  private maybeBroadcastWatch: OptimisticWrapperFunction<
+    [Cache.WatchOptions, BroadcastOptions?],
+    any,
+    [Cache.WatchOptions]>;
+
   // Dynamically imported code can augment existing typePolicies or
   // possibleTypes by calling cache.policies.addTypePolicies or
   // cache.policies.addPossibletypes.
@@ -79,6 +85,10 @@ export class InMemoryCache extends ApolloCache<NormalizedCacheObject> {
       typePolicies: this.config.typePolicies,
     });
 
+    this.init();
+  }
+
+  private init() {
     // Passing { resultCaching: false } in the InMemoryCache constructor options
     // will completely disable dependency tracking, which will improve memory
     // usage but worsen the performance of repeated reads.
@@ -99,8 +109,37 @@ export class InMemoryCache extends ApolloCache<NormalizedCacheObject> {
       this.storeReader = new StoreReader({
         cache: this,
         addTypename: this.addTypename,
+        resultCacheMaxSize: this.config.resultCacheMaxSize,
       }),
     );
+
+    this.maybeBroadcastWatch = wrap((
+      c: Cache.WatchOptions,
+      options?: BroadcastOptions,
+    ) => {
+      return this.broadcastWatch(c, options);
+    }, {
+      max: this.config.resultCacheMaxSize,
+      makeCacheKey: (c: Cache.WatchOptions) => {
+        // Return a cache key (thus enabling result caching) only if we're
+        // currently using a data store that can track cache dependencies.
+        const store = c.optimistic ? this.optimisticData : this.data;
+        if (supportsResultCaching(store)) {
+          const { optimistic, rootId, variables } = c;
+          return store.makeCacheKey(
+            c.query,
+            // Different watches can have the same query, optimistic
+            // status, rootId, and variables, but if their callbacks are
+            // different, the (identical) result needs to be delivered to
+            // each distinct callback. The easiest way to achieve that
+            // separation is to include c.callback in the cache key for
+            // maybeBroadcastWatch calls. See issue #5733.
+            c.callback,
+            JSON.stringify({ optimistic, rootId, variables }),
+          );
+        }
+      }
+    });
   }
 
   public restore(data: NormalizedCacheObject): this {
@@ -285,8 +324,7 @@ export class InMemoryCache extends ApolloCache<NormalizedCacheObject> {
   }
 
   public reset(): Promise<void> {
-    this.optimisticData = this.optimisticData.prune();
-    this.data.clear();
+    this.init();
     this.broadcastWatches();
     return Promise.resolve();
   }
@@ -423,33 +461,6 @@ export class InMemoryCache extends ApolloCache<NormalizedCacheObject> {
     }
   }
 
-  private maybeBroadcastWatch = wrap((
-    c: Cache.WatchOptions,
-    options?: BroadcastOptions,
-  ) => {
-    return this.broadcastWatch(c, options);
-  }, {
-    makeCacheKey: (c: Cache.WatchOptions) => {
-      // Return a cache key (thus enabling result caching) only if we're
-      // currently using a data store that can track cache dependencies.
-      const store = c.optimistic ? this.optimisticData : this.data;
-      if (supportsResultCaching(store)) {
-        const { optimistic, rootId, variables } = c;
-        return store.makeCacheKey(
-          c.query,
-          // Different watches can have the same query, optimistic
-          // status, rootId, and variables, but if their callbacks are
-          // different, the (identical) result needs to be delivered to
-          // each distinct callback. The easiest way to achieve that
-          // separation is to include c.callback in the cache key for
-          // maybeBroadcastWatch calls. See issue #5733.
-          c.callback,
-          JSON.stringify({ optimistic, rootId, variables }),
-        );
-      }
-    }
-  });
-
   // This method is wrapped by maybeBroadcastWatch, which is called by
   // broadcastWatches, so that we compute and broadcast results only when
   // the data that would be broadcast might have changed. It would be
diff --git a/src/cache/inmemory/readFromStore.ts b/src/cache/inmemory/readFromStore.ts
index a463ce8af34..f9ed078573b 100644
--- a/src/cache/inmemory/readFromStore.ts
+++ b/src/cache/inmemory/readFromStore.ts
@@ -80,11 +80,62 @@ type ExecSubSelectedArrayOptions = {
 export interface StoreReaderConfig {
   cache: InMemoryCache,
   addTypename?: boolean;
+  resultCacheMaxSize?: number;
 }
 
 export class StoreReader {
+  // cached version of executeSelectionset
+  private executeSelectionSet: OptimisticWrapperFunction<
+    [ExecSelectionSetOptions], // Actual arguments tuple type.
+    ExecResult, // Actual return type.
+    // Arguments type after keyArgs translation.
+    [SelectionSetNode, StoreObject | Reference, ReadMergeModifyContext]>;
+
+  // cached version of executeSubSelectedArray
+  private executeSubSelectedArray: OptimisticWrapperFunction<
+    [ExecSubSelectedArrayOptions],
+    ExecResult<any>,
+    [ExecSubSelectedArrayOptions]>;
+
   constructor(private config: StoreReaderConfig) {
     this.config = { addTypename: true, ...config };
+
+    this.executeSelectionSet = wrap(options => this.execSelectionSetImpl(options), {
+      keyArgs(options) {
+        return [
+          options.selectionSet,
+          options.objectOrReference,
+          options.context,
+        ];
+      },
+      max: this.config.resultCacheMaxSize,
+      // Note that the parameters of makeCacheKey are determined by the
+      // array returned by keyArgs.
+      makeCacheKey(selectionSet, parent, context) {
+        if (supportsResultCaching(context.store)) {
+          return context.store.makeCacheKey(
+            selectionSet,
+            isReference(parent) ? parent.__ref : parent,
+            context.varString,
+          );
+        }
+      }
+    });
+
+    this.executeSubSelectedArray =  wrap((options: ExecSubSelectedArrayOptions) => {
+      return this.execSubSelectedArrayImpl(options);
+    }, {
+      max: this.config.resultCacheMaxSize,
+      makeCacheKey({ field, array, context }) {
+        if (supportsResultCaching(context.store)) {
+          return context.store.makeCacheKey(
+            field,
+            array,
+            context.varString,
+          );
+        }
+      }
+    });
   }
 
   /**
@@ -152,33 +203,6 @@ export class StoreReader {
     return false;
   }
 
-  // Cached version of execSelectionSetImpl.
-  private executeSelectionSet: OptimisticWrapperFunction<
-    [ExecSelectionSetOptions], // Actual arguments tuple type.
-    ExecResult, // Actual return type.
-    // Arguments type after keyArgs translation.
-    [SelectionSetNode, StoreObject | Reference, ReadMergeModifyContext]
-  > = wrap(options => this.execSelectionSetImpl(options), {
-    keyArgs(options) {
-      return [
-        options.selectionSet,
-        options.objectOrReference,
-        options.context,
-      ];
-    },
-    // Note that the parameters of makeCacheKey are determined by the
-    // array returned by keyArgs.
-    makeCacheKey(selectionSet, parent, context) {
-      if (supportsResultCaching(context.store)) {
-        return context.store.makeCacheKey(
-          selectionSet,
-          isReference(parent) ? parent.__ref : parent,
-          context.varString,
-        );
-      }
-    }
-  });
-
   // Uncached version of executeSelectionSet.
   private execSelectionSetImpl({
     selectionSet,
@@ -330,21 +354,6 @@ export class StoreReader {
 
   private knownResults = new WeakMap<Record<string, any>, SelectionSetNode>();
 
-  // Cached version of execSubSelectedArrayImpl.
-  private executeSubSelectedArray = wrap((options: ExecSubSelectedArrayOptions) => {
-    return this.execSubSelectedArrayImpl(options);
-  }, {
-    makeCacheKey({ field, array, context }) {
-      if (supportsResultCaching(context.store)) {
-        return context.store.makeCacheKey(
-          field,
-          array,
-          context.varString,
-        );
-      }
-    }
-  });
-
   // Uncached version of executeSubSelectedArray.
   private execSubSelectedArrayImpl({
     field,