diff --git a/lib/SILOptimizer/PassManager/PassPipeline.cpp b/lib/SILOptimizer/PassManager/PassPipeline.cpp
index 8c02e3d911706..d2285a1620244 100644
--- a/lib/SILOptimizer/PassManager/PassPipeline.cpp
+++ b/lib/SILOptimizer/PassManager/PassPipeline.cpp
@@ -445,10 +445,6 @@ static void addPerfEarlyModulePassPipeline(SILPassPipelinePlan &P) {
   // the stdlib and then everything else.
   P.addNonStdlibNonTransparentFunctionOwnershipModelEliminator();
 
-  // We earlier eliminated ownership if we are not compiling the stdlib. Now
-  // handle the stdlib functions.
-  P.addNonTransparentFunctionOwnershipModelEliminator();
-
   // Start by linking in referenced functions from other modules.
   P.addPerformanceSILLinker();
 
@@ -457,6 +453,10 @@ static void addPerfEarlyModulePassPipeline(SILPassPipelinePlan &P) {
   // is linked in from the stdlib.
   P.addTempRValueOpt();
 
+  // We earlier eliminated ownership if we are not compiling the stdlib. Now
+  // handle the stdlib functions.
+  P.addNonTransparentFunctionOwnershipModelEliminator();
+
   // Needed to serialize static initializers of globals for cross-module
   // optimization.
   P.addGlobalOpt();