diff --git a/src/d3d11/d3d11_context_imm.cpp b/src/d3d11/d3d11_context_imm.cpp
index b342fd70..a93414df 100644
--- a/src/d3d11/d3d11_context_imm.cpp
+++ b/src/d3d11/d3d11_context_imm.cpp
@@ -36,12 +36,18 @@ namespace dxvk {
   
   
   ULONG STDMETHODCALLTYPE D3D11ImmediateContext::AddRef() {
-    return m_parent->AddRef();
+    ULONG refCount = m_refCount++;
+    if (!refCount)
+      m_parent->AddRef();
+    return refCount;
   }
   
   
   ULONG STDMETHODCALLTYPE D3D11ImmediateContext::Release() {
-    return m_parent->Release();
+    ULONG refCount = --m_refCount;
+    if (!refCount)
+      m_parent->Release();
+    return refCount;
   }
   
   
diff --git a/src/d3d11/d3d11_context_imm.h b/src/d3d11/d3d11_context_imm.h
index 235daec4..8c98d79b 100644
--- a/src/d3d11/d3d11_context_imm.h
+++ b/src/d3d11/d3d11_context_imm.h
@@ -109,6 +109,8 @@ namespace dxvk {
     DxvkCsThread m_csThread;
     bool         m_csIsBusy = false;
 
+    std::atomic<uint32_t> m_refCount = { 0 };
+
     std::chrono::high_resolution_clock::time_point m_lastFlush
       = std::chrono::high_resolution_clock::now();