diff --git a/ReactCommon/fabric/components/text/basetext/BaseTextShadowNode.cpp b/ReactCommon/fabric/components/text/basetext/BaseTextShadowNode.cpp
index 7c7036fbc4a..aaa8e83e2da 100644
--- a/ReactCommon/fabric/components/text/basetext/BaseTextShadowNode.cpp
+++ b/ReactCommon/fabric/components/text/basetext/BaseTextShadowNode.cpp
@@ -29,7 +29,15 @@ AttributedString BaseTextShadowNode::getAttributedString(
       auto fragment = AttributedString::Fragment{};
       fragment.string = rawTextShadowNode->getProps()->text;
       fragment.textAttributes = textAttributes;
-      fragment.parentShadowNode = parentNode;
+
+      // Storing a retaining pointer to `ParagraphShadowNode` inside
+      // `attributedString` causes a retain cycle (besides that fact that we
+      // don't need it at all). Storing a `ShadowView` instance instead of
+      // `ShadowNode` should properly fix this problem.
+      fragment.parentShadowNode =
+          std::dynamic_pointer_cast<const TextShadowNode>(parentNode)
+          ? parentNode
+          : nullptr;
       attributedString.appendFragment(fragment);
       continue;
     }