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Shared pool [Oracle]
The shared pool is the part of the SGA where (among others) the following things are stored:
Shared pool latch
The shared pool latch is used when memory is allocated or freed in the shared pool.
Library cache latch
Similar to the shared pool latch, this latch protects operations within the library cache.
Flushing the shared pool
The shared pool can be flushed with alter system flush shared_pool.
Allocation of memory
Memory in the shared pool is managed and freed in a LRU fashion, that is, Memory that isn't used for long gets aged out first. This is in contrast to the large pool, where memory is managed in a heap (using allocate and free).
Up until 9g, the shared pool was always allocated in one large heap. From 10i, there's the possibility to split split the shared pool into multiple seperate subpools (or areas). This behaviour is controlled by the _kghdsidx_count parameter.
Examining the shared pool