diff --git a/src/lib/Microsoft.Fx.Portability/Utils/JsonConverters/JsonToStringConverter.cs b/src/lib/Microsoft.Fx.Portability/Utils/JsonConverters/JsonToStringConverter.cs
index 553e2233e..873e840de 100644
--- a/src/lib/Microsoft.Fx.Portability/Utils/JsonConverters/JsonToStringConverter.cs
+++ b/src/lib/Microsoft.Fx.Portability/Utils/JsonConverters/JsonToStringConverter.cs
@@ -4,15 +4,18 @@
 using Newtonsoft.Json;
 using Newtonsoft.Json.Linq;
 using System;
+using System.Collections.Concurrent;
 
 namespace Microsoft.Fx.Portability.Utils.JsonConverters
 {
     internal class JsonToStringConverter<T> : JsonConverter<T>
     {
+        private readonly ConcurrentDictionary<string, T> _cache;
         private readonly Func<string, T> _factory;
 
         public JsonToStringConverter(Func<string, T> factory)
         {
+            _cache = new ConcurrentDictionary<string, T>(StringComparer.Ordinal);
             _factory = factory;
         }
 
@@ -20,7 +23,7 @@ public override object ReadJson(JsonReader reader, Type objectType, object exist
         {
             var value = serializer.Deserialize<JToken>(reader).ToString();
 
-            return string.IsNullOrEmpty(value) ? default(T) : _factory(value);
+            return string.IsNullOrEmpty(value) ? default : _cache.GetOrAdd(value, _factory);
         }
 
         public override void WriteJson(JsonWriter writer, object value, JsonSerializer serializer)