The proposed system and associated algorithm when implemented improves the processor cache miss rates and overall cache efficiency in multi-core environments in which multiple CPU's share a single cache structure (as an example). The cache efficiency will be improved by tracking CPU core loading patterns such as miss rate and minimum cache line load threshold levels. Using this information along with existing cache eviction method such as LRU, results in determining which cache line from which CPU is evicted from the shared cache when a capacity conflict arises. This methodology allows one to dynamically allocate shared cache entries to each core within the socket based on the particular core's frequency of shared cache usage.