Aspects of the present invention provide a solution for managing memory in a shared virtual computing environment. A page that is to be stored in the memory of the host in the virtual computing environment is obtained from a guest. The page is analyzed to compute an identifier for the page. This identifier is compared with other identifiers of other pages that are currently stored in the memory to determine whether the identical page is already stored in the memory. If the identical page is currently stored in the memory, a link to that page is stored in the portion of the memory that is allocated to the guest.