diff --git a/CHANGELOG.md b/CHANGELOG.md
index b35adebbc..d8e7537ac 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -16,6 +16,7 @@
 * Display `Shared` facet when user opens "Move holdings/items to another instance" modal. Refs UIIN-3198.
 * ECS - Allow 'Move holdings/items to another instance' if instance is shared. Refs UIIN-3188.
 * Fix '"location name" is undefined' error when trying to open instance details on ECS. Fixes UIIN-3196.
+* Decrease the amount of rerenders in `ConsortialHoldings` component. Fixes UIIN-3196.
 
 ## [12.0.8](https://github.com/folio-org/ui-inventory/tree/v12.0.8) (2024-12-24)
 [Full Changelog](https://github.com/folio-org/ui-inventory/compare/v12.0.7...v12.0.8)
diff --git a/src/Instance/InstanceDetails/InstanceDetails.js b/src/Instance/InstanceDetails/InstanceDetails.js
index cad55bb7f..6538ee4ef 100644
--- a/src/Instance/InstanceDetails/InstanceDetails.js
+++ b/src/Instance/InstanceDetails/InstanceDetails.js
@@ -8,7 +8,6 @@ import React, {
 import { useIntl, FormattedMessage } from 'react-intl';
 import { useLocation } from 'react-router-dom';
 import PropTypes from 'prop-types';
-import { uniqueId } from 'lodash';
 
 import {
   AppIcon,
@@ -212,7 +211,7 @@ const InstanceDetails = forwardRef(({
 
             {isConsortialHoldingsVisible && (
               <ConsortialHoldings
-                key={uniqueId(instance?.id)}
+                key={instance?.id}
                 instance={instance}
                 prevInstanceId={prevInstanceId.current}
                 updatePrevInstanceId={updatePrevInstanceId}