diff --git a/static/app/components/core/compactSelect/control.tsx b/static/app/components/core/compactSelect/control.tsx
index 305eb5caeee4..22e3a8396639 100644
--- a/static/app/components/core/compactSelect/control.tsx
+++ b/static/app/components/core/compactSelect/control.tsx
@@ -38,6 +38,7 @@ import type {
   SearchConfig,
   SearchMatchResult,
   SelectKey,
+  SelectOption,
   SelectOptionOrSection,
   SelectOptionWithKey,
 } from './types';
@@ -435,15 +436,25 @@ export function Control({
    * selected, then a count badge will appear.
    */
   const triggerLabel: React.ReactNode = useMemo(() => {
-    const values = Array.isArray(value) ? value : [value];
-    const options = items
-      .flatMap(item => {
-        if ('options' in item) {
-          return item.options;
+    const values = Array.isArray(value) ? value : value === undefined ? [] : [value];
+    if (values.length === 0) {
+      return <TriggerLabel>{t('None')}</TriggerLabel>;
+    }
+
+    const selectedValues = new Set(values);
+    const options: Array<SelectOption<SelectKey>> = [];
+
+    findSelectedOptions: for (const item of items) {
+      const itemOptions = 'options' in item ? item.options : [item];
+      for (const option of itemOptions) {
+        if (selectedValues.has(option.value)) {
+          options.push(option);
+          if (options.length === selectedValues.size) {
+            break findSelectedOptions;
+          }
         }
-        return item;
-      })
-      .filter(item => values.includes(item.value));
+      }
+    }
 
     if (options.length === 0) {
       return <TriggerLabel>{t('None')}</TriggerLabel>;
diff --git a/static/app/components/core/compactSelect/gridList/option.tsx b/static/app/components/core/compactSelect/gridList/option.tsx
index 84fd1ef8983b..a1d6c85dbc0e 100644
--- a/static/app/components/core/compactSelect/gridList/option.tsx
+++ b/static/app/components/core/compactSelect/gridList/option.tsx
@@ -1,9 +1,9 @@
-import {Fragment, useContext, useMemo, useRef, useState} from 'react';
+import {Fragment, memo, useContext, useMemo, useRef, useState} from 'react';
 import styled from '@emotion/styled';
 import type {AriaGridListItemOptions} from '@react-aria/gridlist';
 import {useGridListItem, useGridListSelectionCheckbox} from '@react-aria/gridlist';
 import {useFocusWithin, useHover} from '@react-aria/interactions';
-import {mergeProps} from '@react-aria/utils';
+import {mergeProps, mergeRefs} from '@react-aria/utils';
 import type {ListState} from '@react-stately/list';
 import type {Node} from '@react-types/shared';
 
@@ -25,16 +25,20 @@ export interface GridListOptionProps<
   listState: ListState<T>;
   node: Node<T>;
   size: FormSize;
+  'data-index'?: number;
+  ref?: React.Ref<HTMLLIElement>;
 }
 
 /**
  * A <li /> element with accessibile behaviors & attributes.
  * https://react-spectrum.adobe.com/react-aria/useGridList.html
  */
-export function GridListOption<T extends ListItemBase>({
+function GridListOptionComponent<T extends ListItemBase>({
   node,
   listState,
   size,
+  ref: refProp,
+  'data-index': dataIndex,
 }: GridListOptionProps<T>) {
   const ref = useRef<HTMLLIElement>(null);
   const {
@@ -125,7 +129,8 @@ export function GridListOption<T extends ListItemBase>({
   return (
     <StyledMenuListItem
       {...rowPropsMerged}
-      ref={ref}
+      data-index={dataIndex}
+      ref={mergeRefs(ref, refProp)}
       size={size}
       label={renderedLabel}
       details={details}
@@ -145,6 +150,12 @@ export function GridListOption<T extends ListItemBase>({
   );
 }
 
+// Virtualizer range changes re-render the list. Retained rows keep stable props, so
+// memoization limits each scroll update to rows entering or leaving the buffer.
+export const GridListOption = memo(
+  GridListOptionComponent
+) as typeof GridListOptionComponent;
+
 const StyledMenuListItem = styled(MenuListItem)`
   > ${InnerWrap} {
     padding-left: ${p => p.theme.space.md};
diff --git a/static/app/components/core/compactSelect/listBox/option.tsx b/static/app/components/core/compactSelect/listBox/option.tsx
index 9c33dabf1369..20c8f79a0fc1 100644
--- a/static/app/components/core/compactSelect/listBox/option.tsx
+++ b/static/app/components/core/compactSelect/listBox/option.tsx
@@ -1,4 +1,4 @@
-import {Fragment, useContext, useMemo, useRef} from 'react';
+import {Fragment, memo, useContext, useMemo, useRef} from 'react';
 import styled from '@emotion/styled';
 import type {AriaOptionProps} from '@react-aria/listbox';
 import {useOption} from '@react-aria/listbox';
@@ -29,7 +29,7 @@ export interface ListBoxOptionProps extends AriaOptionProps {
  * A <li /> element with accessible behaviors & attributes.
  * https://react-spectrum.adobe.com/react-aria/useListBox.html
  */
-export function ListBoxOption({
+function ListBoxOptionComponent({
   item,
   listState,
   size,
@@ -129,6 +129,10 @@ export function ListBoxOption({
   );
 }
 
+// Virtualizer range changes re-render the list. Retained rows keep stable props, so
+// memoization limits each scroll update to rows entering or leaving the buffer.
+export const ListBoxOption = memo(ListBoxOptionComponent);
+
 const StyledMenuListItem = styled(MenuListItem)`
   > ${InnerWrap} {
     padding-left: ${p => p.theme.space.md};
diff --git a/static/app/components/core/compactSelect/useVirtualizedItems.tsx b/static/app/components/core/compactSelect/useVirtualizedItems.tsx
index 0a1e876db060..17c0fcf02f45 100644
--- a/static/app/components/core/compactSelect/useVirtualizedItems.tsx
+++ b/static/app/components/core/compactSelect/useVirtualizedItems.tsx
@@ -44,6 +44,8 @@ export function useVirtualizedItems<T extends ObjectLike>({
       return heightEstimation.regular;
     },
     enabled: virtualized,
+    // Keep rich grid rows buffered so fast scrolling does not expose blank space.
+    overscan: 5,
   });
 
   if (virtualized) {
diff --git a/static/app/components/core/compactSelect/utils.tsx b/static/app/components/core/compactSelect/utils.tsx
index aaafd22a4b17..b269021d39b0 100644
--- a/static/app/components/core/compactSelect/utils.tsx
+++ b/static/app/components/core/compactSelect/utils.tsx
@@ -22,6 +22,9 @@ import type {
   SelectSectionWithKey,
 } from './types';
 
+const EMPTY_HIDDEN_OPTIONS = new Set<SelectKey>();
+const EMPTY_SEARCH_SCORES = new Map<SelectKey, number>();
+
 /**
  * Normalises the `search` prop into a plain config object (or `undefined` if
  * search is disabled). Accepts `true` as shorthand for `{}` and treats
@@ -163,6 +166,10 @@ export function getHiddenOptions<Value extends SelectKey>(
     search: string
   ) => SearchMatchResult
 ): {hidden: Set<SelectKey>; scores: Map<SelectKey, number>} {
+  if (!search && limit === Infinity) {
+    return {hidden: EMPTY_HIDDEN_OPTIONS, scores: EMPTY_SEARCH_SCORES};
+  }
+
   const scores = new Map<SelectKey, number>();
   const matcher = searchMatcher ?? defaultSearchMatcher;