diff --git a/arch/arm64/include/asm/kvm_host.h b/arch/arm64/include/asm/kvm_host.h
index 0e96087885fe..b5cdfb6cb9c7 100644
--- a/arch/arm64/include/asm/kvm_host.h
+++ b/arch/arm64/include/asm/kvm_host.h
@@ -244,14 +244,8 @@ struct kvm_cpu_context {
 	struct kvm_vcpu *__hyp_running_vcpu;
 };
 
-struct kvm_pmu_events {
-	u32 events_host;
-	u32 events_guest;
-};
-
 struct kvm_host_data {
 	struct kvm_cpu_context host_ctxt;
-	struct kvm_pmu_events pmu_events;
 };
 
 struct kvm_host_psci_config {
@@ -728,6 +722,7 @@ void kvm_set_sei_esr(struct kvm_vcpu *vcpu, u64 syndrome);
 struct kvm_vcpu *kvm_mpidr_to_vcpu(struct kvm *kvm, unsigned long mpidr);
 
 DECLARE_KVM_HYP_PER_CPU(struct kvm_host_data, kvm_host_data);
+DECLARE_PER_CPU(struct kvm_pmu_events, kvm_pmu_events);
 
 static inline void kvm_init_host_cpu_context(struct kvm_cpu_context *cpu_ctxt)
 {
@@ -781,6 +776,7 @@ void kvm_arch_vcpu_put_debug_state_flags(struct kvm_vcpu *vcpu);
 void kvm_set_pmu_events(u32 set, struct perf_event_attr *attr);
 void kvm_clr_pmu_events(u32 clr);
 
+void kvm_vcpu_pmu_load(struct kvm_vcpu *vcpu);
 void kvm_vcpu_pmu_restore_guest(struct kvm_vcpu *vcpu);
 void kvm_vcpu_pmu_restore_host(struct kvm_vcpu *vcpu);
 #else
diff --git a/arch/arm64/kvm/arm.c b/arch/arm64/kvm/arm.c
index ba9165e84396..e6f76d843558 100644
--- a/arch/arm64/kvm/arm.c
+++ b/arch/arm64/kvm/arm.c
@@ -400,7 +400,7 @@ void kvm_arch_vcpu_load(struct kvm_vcpu *vcpu, int cpu)
 	if (has_vhe())
 		kvm_vcpu_load_sysregs_vhe(vcpu);
 	kvm_arch_vcpu_load_fp(vcpu);
-	kvm_vcpu_pmu_restore_guest(vcpu);
+	kvm_vcpu_pmu_load(vcpu);
 	if (kvm_arm_is_pvtime_enabled(&vcpu->arch))
 		kvm_make_request(KVM_REQ_RECORD_STEAL, vcpu);
 
diff --git a/arch/arm64/kvm/hyp/nvhe/switch.c b/arch/arm64/kvm/hyp/nvhe/switch.c
index 6410d21d8695..ff7b29fb9787 100644
--- a/arch/arm64/kvm/hyp/nvhe/switch.c
+++ b/arch/arm64/kvm/hyp/nvhe/switch.c
@@ -123,13 +123,9 @@ static void __hyp_vgic_restore_state(struct kvm_vcpu *vcpu)
 /**
  * Disable host events, enable guest events
  */
-static bool __pmu_switch_to_guest(struct kvm_cpu_context *host_ctxt)
+static bool __pmu_switch_to_guest(struct kvm_vcpu *vcpu)
 {
-	struct kvm_host_data *host;
-	struct kvm_pmu_events *pmu;
-
-	host = container_of(host_ctxt, struct kvm_host_data, host_ctxt);
-	pmu = &host->pmu_events;
+	struct kvm_pmu_events *pmu = &vcpu->arch.pmu.events;
 
 	if (pmu->events_host)
 		write_sysreg(pmu->events_host, pmcntenclr_el0);
@@ -143,13 +139,9 @@ static bool __pmu_switch_to_guest(struct kvm_cpu_context *host_ctxt)
 /**
  * Disable guest events, enable host events
  */
-static void __pmu_switch_to_host(struct kvm_cpu_context *host_ctxt)
+static void __pmu_switch_to_host(struct kvm_vcpu *vcpu)
 {
-	struct kvm_host_data *host;
-	struct kvm_pmu_events *pmu;
-
-	host = container_of(host_ctxt, struct kvm_host_data, host_ctxt);
-	pmu = &host->pmu_events;
+	struct kvm_pmu_events *pmu = &vcpu->arch.pmu.events;
 
 	if (pmu->events_guest)
 		write_sysreg(pmu->events_guest, pmcntenclr_el0);
@@ -274,7 +266,7 @@ int __kvm_vcpu_run(struct kvm_vcpu *vcpu)
 	host_ctxt->__hyp_running_vcpu = vcpu;
 	guest_ctxt = &vcpu->arch.ctxt;
 
-	pmu_switch_needed = __pmu_switch_to_guest(host_ctxt);
+	pmu_switch_needed = __pmu_switch_to_guest(vcpu);
 
 	__sysreg_save_state_nvhe(host_ctxt);
 	/*
@@ -336,7 +328,7 @@ int __kvm_vcpu_run(struct kvm_vcpu *vcpu)
 	__debug_restore_host_buffers_nvhe(vcpu);
 
 	if (pmu_switch_needed)
-		__pmu_switch_to_host(host_ctxt);
+		__pmu_switch_to_host(vcpu);
 
 	/* Returning to host will clear PSR.I, remask PMR if needed */
 	if (system_uses_irq_prio_masking())
diff --git a/arch/arm64/kvm/pmu.c b/arch/arm64/kvm/pmu.c
index 310d47c9990f..8f722692fb58 100644
--- a/arch/arm64/kvm/pmu.c
+++ b/arch/arm64/kvm/pmu.c
@@ -5,7 +5,8 @@
  */
 #include <linux/kvm_host.h>
 #include <linux/perf_event.h>
-#include <asm/kvm_hyp.h>
+
+DEFINE_PER_CPU(struct kvm_pmu_events, kvm_pmu_events);
 
 /*
  * Given the perf event attributes and system type, determine
@@ -27,12 +28,7 @@ static bool kvm_pmu_switch_needed(struct perf_event_attr *attr)
 
 static struct kvm_pmu_events *get_kvm_pmu_events(void)
 {
-	struct kvm_host_data *ctx = this_cpu_ptr_hyp_sym(kvm_host_data);
-
-	if (!ctx)
-		return NULL;
-
-	return &ctx->pmu_events;
+	return this_cpu_ptr(&kvm_pmu_events);
 }
 
 /*
@@ -43,7 +39,7 @@ void kvm_set_pmu_events(u32 set, struct perf_event_attr *attr)
 {
 	struct kvm_pmu_events *pmu = get_kvm_pmu_events();
 
-	if (!kvm_arm_support_pmu_v3() || !pmu || !kvm_pmu_switch_needed(attr))
+	if (!kvm_arm_support_pmu_v3() || !kvm_pmu_switch_needed(attr))
 		return;
 
 	if (!attr->exclude_host)
@@ -59,7 +55,7 @@ void kvm_clr_pmu_events(u32 clr)
 {
 	struct kvm_pmu_events *pmu = get_kvm_pmu_events();
 
-	if (!kvm_arm_support_pmu_v3() || !pmu)
+	if (!kvm_arm_support_pmu_v3())
 		return;
 
 	pmu->events_host &= ~clr;
@@ -213,3 +209,11 @@ void kvm_vcpu_pmu_restore_host(struct kvm_vcpu *vcpu)
 	kvm_vcpu_pmu_enable_el0(events_host);
 	kvm_vcpu_pmu_disable_el0(events_guest);
 }
+
+void kvm_vcpu_pmu_load(struct kvm_vcpu *vcpu)
+{
+	kvm_vcpu_pmu_restore_guest(vcpu);
+
+	if (kvm_arm_support_pmu_v3() && !has_vhe())
+		vcpu->arch.pmu.events = *get_kvm_pmu_events();
+}
diff --git a/include/kvm/arm_pmu.h b/include/kvm/arm_pmu.h
index 20193416d214..0b3898e0313f 100644
--- a/include/kvm/arm_pmu.h
+++ b/include/kvm/arm_pmu.h
@@ -20,6 +20,11 @@ struct kvm_pmc {
 	struct perf_event *perf_event;
 };
 
+struct kvm_pmu_events {
+	u32 events_host;
+	u32 events_guest;
+};
+
 struct kvm_pmu {
 	int irq_num;
 	struct kvm_pmc pmc[ARMV8_PMU_MAX_COUNTERS];
@@ -27,6 +32,7 @@ struct kvm_pmu {
 	bool created;
 	bool irq_level;
 	struct irq_work overflow_work;
+	struct kvm_pmu_events events;
 };
 
 struct arm_pmu_entry {
