diff --git a/plugins/pyenv/pyenv.plugin.zsh b/plugins/pyenv/pyenv.plugin.zsh
index 58b00f857..5fd3bb601 100644
--- a/plugins/pyenv/pyenv.plugin.zsh
+++ b/plugins/pyenv/pyenv.plugin.zsh
@@ -14,7 +14,7 @@ for pyenvdir in "${pyenvdirs[@]}" ; do
         FOUND_PYENV=1
         export PYENV_ROOT=$pyenvdir
         export PATH=${pyenvdir}/bin:$PATH
-        eval "$(pyenv init - zsh)"
+        eval "$(pyenv init --no-rehash - zsh)"
 
         if pyenv commands | command grep -q virtualenv-init; then
             eval "$(pyenv virtualenv-init - zsh)"