diff --git a/benchmarks/src/test/java/org/apache/druid/server/coordinator/BalancerStrategyBenchmark.java b/benchmarks/src/test/java/org/apache/druid/server/coordinator/BalancerStrategyBenchmark.java
new file mode 100644
index 0000000..852403d
--- /dev/null
+++ b/benchmarks/src/test/java/org/apache/druid/server/coordinator/BalancerStrategyBenchmark.java
@@ -0,0 +1,142 @@
+/*
+ * Licensed to the Apache Software Foundation (ASF) under one
+ * or more contributor license agreements.  See the NOTICE file
+ * distributed with this work for additional information
+ * regarding copyright ownership.  The ASF licenses this file
+ * to you under the Apache License, Version 2.0 (the
+ * "License"); you may not use this file except in compliance
+ * with the License.  You may obtain a copy of the License at
+ *
+ *   http://www.apache.org/licenses/LICENSE-2.0
+ *
+ * Unless required by applicable law or agreed to in writing,
+ * software distributed under the License is distributed on an
+ * "AS IS" BASIS, WITHOUT WARRANTIES OR CONDITIONS OF ANY
+ * KIND, either express or implied.  See the License for the
+ * specific language governing permissions and limitations
+ * under the License.
+ */
+
+package org.apache.druid.server.coordinator;
+
+import com.google.common.collect.ImmutableMap;
+import com.google.common.util.concurrent.MoreExecutors;
+import io.vavr.collection.Stream;
+import org.apache.druid.client.ImmutableDruidDataSource;
+import org.apache.druid.client.ImmutableDruidServer;
+import org.apache.druid.java.util.common.Intervals;
+import org.apache.druid.server.coordination.DruidServerMetadata;
+import org.apache.druid.server.coordination.ServerType;
+import org.apache.druid.timeline.DataSegment;
+import org.joda.time.Interval;
+import org.openjdk.jmh.annotations.Benchmark;
+import org.openjdk.jmh.annotations.BenchmarkMode;
+import org.openjdk.jmh.annotations.Fork;
+import org.openjdk.jmh.annotations.Level;
+import org.openjdk.jmh.annotations.Measurement;
+import org.openjdk.jmh.annotations.Mode;
+import org.openjdk.jmh.annotations.OutputTimeUnit;
+import org.openjdk.jmh.annotations.Param;
+import org.openjdk.jmh.annotations.Scope;
+import org.openjdk.jmh.annotations.Setup;
+import org.openjdk.jmh.annotations.State;
+import org.openjdk.jmh.annotations.Warmup;
+import org.openjdk.jmh.infra.Blackhole;
+
+import java.io.IOException;
+import java.util.ArrayList;
+import java.util.Collections;
+import java.util.Iterator;
+import java.util.List;
+import java.util.Random;
+import java.util.concurrent.Executors;
+import java.util.concurrent.TimeUnit;
+
+@State(Scope.Benchmark)
+@Fork(value = 1)
+@Warmup(iterations = 10)
+@Measurement(iterations = 10)
+@BenchmarkMode(Mode.AverageTime)
+@OutputTimeUnit(TimeUnit.MILLISECONDS)
+public class BalancerStrategyBenchmark
+{
+  private static final Random RANDOM = new Random(0);
+  private static final Interval TEST_SEGMENT_INTERVAL = Intervals.of("2012-03-15T00:00:00.000/2012-03-16T00:00:00.000");
+  private static final int NUMBER_OF_SERVERS = 20;
+
+  @Param({"default", "50percentOfSegmentsToConsiderPerMove", "useBatchedSegmentSampler"})
+  private String mode;
+  
+  @Param({"10000", "100000", "1000000"})
+  private int numberOfSegments;
+  
+  @Param({"10", "100", "1000"})
+  private int maxSegmentsToMove;
+  
+  private final List<ServerHolder> serverHolders = new ArrayList<>();
+  private int reservoirSize = 1;
+  private double percentOfSegmentsToConsider = 100;
+  private final BalancerStrategy balancerStrategy = new CostBalancerStrategy(
+      MoreExecutors.listeningDecorator(Executors.newFixedThreadPool(1))
+  );
+
+  @Setup(Level.Trial)
+  public void setup() throws IOException
+  {
+    switch (mode) {
+      case "50percentOfSegmentsToConsiderPerMove":
+        percentOfSegmentsToConsider = 50;
+        break;
+      case "useBatchedSegmentSampler":
+        reservoirSize = maxSegmentsToMove;
+        break;
+      default:
+    }
+    
+    List<List<DataSegment>> segmentList = new ArrayList<>(NUMBER_OF_SERVERS);
+    Stream.range(0, NUMBER_OF_SERVERS).forEach(i -> segmentList.add(new ArrayList<>()));
+    for (int i = 0; i < numberOfSegments; i++) {
+      segmentList.get(RANDOM.nextInt(NUMBER_OF_SERVERS)).add(
+          new DataSegment(
+              "test",
+              TEST_SEGMENT_INTERVAL,
+              String.valueOf(i),
+              Collections.emptyMap(),
+              Collections.emptyList(),
+              Collections.emptyList(),
+              null,
+              0,
+              10L
+          )
+      );
+    }
+    
+    for (List<DataSegment> segments : segmentList) {
+      serverHolders.add(
+          new ServerHolder(
+              new ImmutableDruidServer(
+                  new DruidServerMetadata("id", "host", null, 10000000L, ServerType.HISTORICAL, "hot", 1),
+                  3000L,
+                  ImmutableMap.of("test", new ImmutableDruidDataSource("test", Collections.emptyMap(), segments)),
+                  segments.size()
+              ),
+              new LoadQueuePeonTester()
+          )
+      );
+    }
+  }
+
+  @Benchmark
+  public void pickSegmentsToMove(Blackhole blackhole)
+  {
+    Iterator<BalancerSegmentHolder> iterator = balancerStrategy.pickSegmentsToMove(
+        serverHolders,
+        Collections.emptySet(),
+        reservoirSize,
+        percentOfSegmentsToConsider
+    );
+    for (int i = 0; i < maxSegmentsToMove && iterator.hasNext(); i++) {
+      blackhole.consume(iterator.next());
+    }
+  }
+}
diff --git a/docs/configuration/index.md b/docs/configuration/index.md
index b1869ac..89ea6c2 100644
--- a/docs/configuration/index.md
+++ b/docs/configuration/index.md
@@ -809,6 +809,7 @@
   "mergeBytesLimit": 100000000,
   "mergeSegmentsLimit" : 1000,
   "maxSegmentsToMove": 5,
+  "useBatchedSegmentSampler": false,
   "percentOfSegmentsToConsiderPerMove": 100,
   "replicantLifetime": 15,
   "replicationThrottleLimit": 10,
@@ -830,6 +831,7 @@
 |`mergeBytesLimit`|The maximum total uncompressed size in bytes of segments to merge.|524288000L|
 |`mergeSegmentsLimit`|The maximum number of segments that can be in a single [append task](../ingestion/tasks.md).|100|
 |`maxSegmentsToMove`|The maximum number of segments that can be moved at any given time.|5|
+|`useBatchedSegmentSampler`|Boolean flag for whether or not we should use the Reservoir Sampling with a reservoir of size k instead of fixed size 1 to pick segments to move. This option can be enabled to speed up segment balancing process, especially if there are huge number of segments in the cluster or if there are too many segments to move.|false|
 |`percentOfSegmentsToConsiderPerMove`|The percentage of the total number of segments in the cluster that are considered every time a segment needs to be selected for a move. Druid orders servers by available capacity ascending (the least available capacity first) and then iterates over the servers. For each server, Druid iterates over the segments on the server, considering them for moving. The default config of 100% means that every segment on every server is a candidate to be moved. This should make sense for most small to medium-sized clusters. However, an admin may find it preferable to drop this value lower if they don't think that it is worthwhile to consider every single segment in the cluster each time it is looking for a segment to move.|100|
 |`replicantLifetime`|The maximum number of Coordinator runs for a segment to be replicated before we start alerting.|15|
 |`replicationThrottleLimit`|The maximum number of segments that can be replicated at one time.|10|
diff --git a/server/src/main/java/org/apache/druid/server/coordinator/BalancerStrategy.java b/server/src/main/java/org/apache/druid/server/coordinator/BalancerStrategy.java
index 3d0ec0f..78ab951 100644
--- a/server/src/main/java/org/apache/druid/server/coordinator/BalancerStrategy.java
+++ b/server/src/main/java/org/apache/druid/server/coordinator/BalancerStrategy.java
@@ -55,7 +55,8 @@
   ServerHolder findNewSegmentHomeReplicator(DataSegment proposalSegment, List<ServerHolder> serverHolders);
 
   /**
-   * Pick the best segment to move from one of the supplied set of servers according to the balancing strategy.
+   * Pick the best segments to move from one of the supplied set of servers according to the balancing strategy.
+   *
    * @param serverHolders set of historicals to consider for moving segments
    * @param broadcastDatasources Datasources that contain segments which were loaded via broadcast rules.
    *                             Balancing strategies should avoid rebalancing segments for such datasources, since
@@ -63,20 +64,81 @@
    *                             NOTE: this should really be handled on a per-segment basis, to properly support
    *                                   the interval or period-based broadcast rules. For simplicity of the initial
    *                                   implementation, only forever broadcast rules are supported.
+   * @param reservoirSize the reservoir size maintained by the Reservoir Sampling algorithm.
    * @param percentOfSegmentsToConsider The percentage of the total number of segments that we will consider when
    *                                    choosing which segment to move. {@link CoordinatorDynamicConfig} defines a
    *                                    config percentOfSegmentsToConsiderPerMove that will be used as an argument
    *                                    for implementations of this method.
-   *
-   * @return {@link BalancerSegmentHolder} containing segment to move and server it currently resides on, or null if
-   *         there are no segments to pick from (i. e. all provided serverHolders are empty).
+   * @return Iterator for set of {@link BalancerSegmentHolder} containing segment to move and server they currently
+   * reside on, or empty if there are no segments to pick from (i. e. all provided serverHolders are empty).
    */
-  @Nullable
-  BalancerSegmentHolder pickSegmentToMove(
+  default Iterator<BalancerSegmentHolder> pickSegmentsToMove(
       List<ServerHolder> serverHolders,
       Set<String> broadcastDatasources,
+      int reservoirSize,
       double percentOfSegmentsToConsider
-  );
+  )
+  {
+    if (reservoirSize > 1) {
+      return new Iterator<BalancerSegmentHolder>()
+      {
+        private Iterator<BalancerSegmentHolder> it = sample();
+
+        private Iterator<BalancerSegmentHolder> sample()
+        {
+          return ReservoirSegmentSampler.getRandomBalancerSegmentHolders(
+              serverHolders,
+              broadcastDatasources,
+              reservoirSize
+          ).iterator();
+        }
+
+        @Override
+        public boolean hasNext()
+        {
+          if (it.hasNext()) {
+            return true;
+          }
+          it = sample();
+          return it.hasNext();
+        }
+
+        @Override
+        public BalancerSegmentHolder next()
+        {
+          return it.next();
+        }
+      };
+    }
+
+    return new Iterator<BalancerSegmentHolder>()
+    {
+      private BalancerSegmentHolder next = sample();
+
+      private BalancerSegmentHolder sample()
+      {
+        return ReservoirSegmentSampler.getRandomBalancerSegmentHolder(
+            serverHolders,
+            broadcastDatasources,
+            percentOfSegmentsToConsider
+        );
+      }
+
+      @Override
+      public boolean hasNext()
+      {
+        return next != null;
+      }
+
+      @Override
+      public BalancerSegmentHolder next()
+      {
+        BalancerSegmentHolder ret = next;
+        next = sample();
+        return ret;
+      }
+    };
+  }
 
   /**
    * Returns an iterator for a set of servers to drop from, ordered by preference of which server to drop from first
diff --git a/server/src/main/java/org/apache/druid/server/coordinator/CoordinatorDynamicConfig.java b/server/src/main/java/org/apache/druid/server/coordinator/CoordinatorDynamicConfig.java
index d125aa4..d4bf3e8 100644
--- a/server/src/main/java/org/apache/druid/server/coordinator/CoordinatorDynamicConfig.java
+++ b/server/src/main/java/org/apache/druid/server/coordinator/CoordinatorDynamicConfig.java
@@ -55,6 +55,7 @@
   private final int mergeSegmentsLimit;
   private final int maxSegmentsToMove;
   private final double percentOfSegmentsToConsiderPerMove;
+  private final boolean useBatchedSegmentSampler;
   private final int replicantLifetime;
   private final int replicationThrottleLimit;
   private final int balancerComputeThreads;
@@ -115,6 +116,7 @@
       @JsonProperty("mergeSegmentsLimit") int mergeSegmentsLimit,
       @JsonProperty("maxSegmentsToMove") int maxSegmentsToMove,
       @JsonProperty("percentOfSegmentsToConsiderPerMove") @Nullable Double percentOfSegmentsToConsiderPerMove,
+      @JsonProperty("useBatchedSegmentSampler") boolean useBatchedSegmentSampler,
       @JsonProperty("replicantLifetime") int replicantLifetime,
       @JsonProperty("replicationThrottleLimit") int replicationThrottleLimit,
       @JsonProperty("balancerComputeThreads") int balancerComputeThreads,
@@ -161,6 +163,7 @@
     );
     this.percentOfSegmentsToConsiderPerMove = percentOfSegmentsToConsiderPerMove;
 
+    this.useBatchedSegmentSampler = useBatchedSegmentSampler;
     this.replicantLifetime = replicantLifetime;
     this.replicationThrottleLimit = replicationThrottleLimit;
     this.balancerComputeThreads = Math.max(balancerComputeThreads, 1);
@@ -273,6 +276,12 @@
   }
 
   @JsonProperty
+  public boolean useBatchedSegmentSampler()
+  {
+    return useBatchedSegmentSampler;
+  }
+
+  @JsonProperty
   public int getReplicantLifetime()
   {
     return replicantLifetime;
@@ -377,6 +386,7 @@
            ", mergeSegmentsLimit=" + mergeSegmentsLimit +
            ", maxSegmentsToMove=" + maxSegmentsToMove +
            ", percentOfSegmentsToConsiderPerMove=" + percentOfSegmentsToConsiderPerMove +
+           ", useBatchedSegmentSampler=" + useBatchedSegmentSampler +
            ", replicantLifetime=" + replicantLifetime +
            ", replicationThrottleLimit=" + replicationThrottleLimit +
            ", balancerComputeThreads=" + balancerComputeThreads +
@@ -421,6 +431,9 @@
     if (percentOfSegmentsToConsiderPerMove != that.percentOfSegmentsToConsiderPerMove) {
       return false;
     }
+    if (useBatchedSegmentSampler != that.useBatchedSegmentSampler) {
+      return false;
+    }
     if (replicantLifetime != that.replicantLifetime) {
       return false;
     }
@@ -469,6 +482,7 @@
         mergeSegmentsLimit,
         maxSegmentsToMove,
         percentOfSegmentsToConsiderPerMove,
+        useBatchedSegmentSampler,
         replicantLifetime,
         replicationThrottleLimit,
         balancerComputeThreads,
@@ -501,6 +515,7 @@
     private static final int DEFAULT_REPLICATION_THROTTLE_LIMIT = 10;
     private static final int DEFAULT_BALANCER_COMPUTE_THREADS = 1;
     private static final boolean DEFAULT_EMIT_BALANCING_STATS = false;
+    private static final boolean DEFAULT_USE_BATCHED_SEGMENT_SAMPLER = false;
     private static final boolean DEFAULT_KILL_UNUSED_SEGMENTS_IN_ALL_DATA_SOURCES = false;
     private static final int DEFAULT_MAX_SEGMENTS_IN_NODE_LOADING_QUEUE = 0;
     private static final int DEFAULT_DECOMMISSIONING_MAX_SEGMENTS_TO_MOVE_PERCENT = 70;
@@ -513,6 +528,7 @@
     private Integer mergeSegmentsLimit;
     private Integer maxSegmentsToMove;
     private Double percentOfSegmentsToConsiderPerMove;
+    private Boolean useBatchedSegmentSampler;
     private Integer replicantLifetime;
     private Integer replicationThrottleLimit;
     private Boolean emitBalancingStats;
@@ -539,6 +555,7 @@
         @JsonProperty("mergeSegmentsLimit") @Nullable Integer mergeSegmentsLimit,
         @JsonProperty("maxSegmentsToMove") @Nullable Integer maxSegmentsToMove,
         @JsonProperty("percentOfSegmentsToConsiderPerMove") @Nullable Double percentOfSegmentsToConsiderPerMove,
+        @JsonProperty("useBatchedSegmentSampler") Boolean useBatchedSegmentSampler,
         @JsonProperty("replicantLifetime") @Nullable Integer replicantLifetime,
         @JsonProperty("replicationThrottleLimit") @Nullable Integer replicationThrottleLimit,
         @JsonProperty("balancerComputeThreads") @Nullable Integer balancerComputeThreads,
@@ -561,6 +578,7 @@
       this.mergeSegmentsLimit = mergeSegmentsLimit;
       this.maxSegmentsToMove = maxSegmentsToMove;
       this.percentOfSegmentsToConsiderPerMove = percentOfSegmentsToConsiderPerMove;
+      this.useBatchedSegmentSampler = useBatchedSegmentSampler;
       this.replicantLifetime = replicantLifetime;
       this.replicationThrottleLimit = replicationThrottleLimit;
       this.balancerComputeThreads = balancerComputeThreads;
@@ -606,6 +624,12 @@
       return this;
     }
 
+    public Builder withUseBatchedSegmentSampler(boolean useBatchedSegmentSampler)
+    {
+      this.useBatchedSegmentSampler = useBatchedSegmentSampler;
+      return this;
+    }
+
     public Builder withReplicantLifetime(int replicantLifetime)
     {
       this.replicantLifetime = replicantLifetime;
@@ -689,6 +713,7 @@
           maxSegmentsToMove == null ? DEFAULT_MAX_SEGMENTS_TO_MOVE : maxSegmentsToMove,
           percentOfSegmentsToConsiderPerMove == null ? DEFAULT_PERCENT_OF_SEGMENTS_TO_CONSIDER_PER_MOVE
                                                      : percentOfSegmentsToConsiderPerMove,
+          useBatchedSegmentSampler == null ? DEFAULT_USE_BATCHED_SEGMENT_SAMPLER : useBatchedSegmentSampler,
           replicantLifetime == null ? DEFAULT_REPLICANT_LIFETIME : replicantLifetime,
           replicationThrottleLimit == null ? DEFAULT_REPLICATION_THROTTLE_LIMIT : replicationThrottleLimit,
           balancerComputeThreads == null ? DEFAULT_BALANCER_COMPUTE_THREADS : balancerComputeThreads,
@@ -721,6 +746,7 @@
           mergeSegmentsLimit == null ? defaults.getMergeSegmentsLimit() : mergeSegmentsLimit,
           maxSegmentsToMove == null ? defaults.getMaxSegmentsToMove() : maxSegmentsToMove,
           percentOfSegmentsToConsiderPerMove == null ? defaults.getPercentOfSegmentsToConsiderPerMove() : percentOfSegmentsToConsiderPerMove,
+          useBatchedSegmentSampler == null ? defaults.useBatchedSegmentSampler() : useBatchedSegmentSampler,
           replicantLifetime == null ? defaults.getReplicantLifetime() : replicantLifetime,
           replicationThrottleLimit == null ? defaults.getReplicationThrottleLimit() : replicationThrottleLimit,
           balancerComputeThreads == null ? defaults.getBalancerComputeThreads() : balancerComputeThreads,
diff --git a/server/src/main/java/org/apache/druid/server/coordinator/CostBalancerStrategy.java b/server/src/main/java/org/apache/druid/server/coordinator/CostBalancerStrategy.java
index ac56544..8ff4f6a 100644
--- a/server/src/main/java/org/apache/druid/server/coordinator/CostBalancerStrategy.java
+++ b/server/src/main/java/org/apache/druid/server/coordinator/CostBalancerStrategy.java
@@ -35,7 +35,6 @@
 import java.util.Iterator;
 import java.util.List;
 import java.util.NavigableSet;
-import java.util.Set;
 import java.util.concurrent.ThreadLocalRandom;
 import java.util.stream.Collectors;
 
@@ -210,21 +209,6 @@
     return totalCost;
   }
 
-
-  @Override
-  public BalancerSegmentHolder pickSegmentToMove(
-      final List<ServerHolder> serverHolders,
-      Set<String> broadcastDatasources,
-      double percentOfSegmentsToConsider
-  )
-  {
-    return ReservoirSegmentSampler.getRandomBalancerSegmentHolder(
-        serverHolders,
-        broadcastDatasources,
-        percentOfSegmentsToConsider
-    );
-  }
-
   @Override
   public Iterator<ServerHolder> pickServersToDrop(DataSegment toDrop, NavigableSet<ServerHolder> serverHolders)
   {
diff --git a/server/src/main/java/org/apache/druid/server/coordinator/RandomBalancerStrategy.java b/server/src/main/java/org/apache/druid/server/coordinator/RandomBalancerStrategy.java
index 8f3b96d..d70d850 100644
--- a/server/src/main/java/org/apache/druid/server/coordinator/RandomBalancerStrategy.java
+++ b/server/src/main/java/org/apache/druid/server/coordinator/RandomBalancerStrategy.java
@@ -26,7 +26,6 @@
 import java.util.Iterator;
 import java.util.List;
 import java.util.NavigableSet;
-import java.util.Set;
 import java.util.concurrent.ThreadLocalRandom;
 import java.util.stream.Collectors;
 
@@ -54,20 +53,6 @@
   }
 
   @Override
-  public BalancerSegmentHolder pickSegmentToMove(
-      List<ServerHolder> serverHolders,
-      Set<String> broadcastDatasources,
-      double percentOfSegmentsToConsider
-  )
-  {
-    return ReservoirSegmentSampler.getRandomBalancerSegmentHolder(
-        serverHolders,
-        broadcastDatasources,
-        percentOfSegmentsToConsider
-    );
-  }
-
-  @Override
   public Iterator<ServerHolder> pickServersToDrop(DataSegment toDropSegment, NavigableSet<ServerHolder> serverHolders)
   {
     List<ServerHolder> serverList = new ArrayList<>(serverHolders);
diff --git a/server/src/main/java/org/apache/druid/server/coordinator/ReservoirSegmentSampler.java b/server/src/main/java/org/apache/druid/server/coordinator/ReservoirSegmentSampler.java
index dd43760..751f259 100644
--- a/server/src/main/java/org/apache/druid/server/coordinator/ReservoirSegmentSampler.java
+++ b/server/src/main/java/org/apache/druid/server/coordinator/ReservoirSegmentSampler.java
@@ -22,6 +22,7 @@
 import org.apache.druid.java.util.emitter.EmittingLogger;
 import org.apache.druid.timeline.DataSegment;
 
+import java.util.ArrayList;
 import java.util.List;
 import java.util.Set;
 import java.util.concurrent.ThreadLocalRandom;
@@ -31,6 +32,42 @@
 
   private static final EmittingLogger log = new EmittingLogger(ReservoirSegmentSampler.class);
 
+  static List<BalancerSegmentHolder> getRandomBalancerSegmentHolders(
+      final List<ServerHolder> serverHolders,
+      Set<String> broadcastDatasources,
+      int k
+  )
+  {
+    List<BalancerSegmentHolder> holders = new ArrayList<>(k);
+    int numSoFar = 0;
+
+    for (ServerHolder server : serverHolders) {
+      if (!server.getServer().getType().isSegmentReplicationTarget()) {
+        // if the server only handles broadcast segments (which don't need to be rebalanced), we have nothing to do
+        continue;
+      }
+
+      for (DataSegment segment : server.getServer().iterateAllSegments()) {
+        if (broadcastDatasources.contains(segment.getDataSource())) {
+          // we don't need to rebalance segments that were assigned via broadcast rules
+          continue;
+        }
+
+        if (numSoFar < k) {
+          holders.add(new BalancerSegmentHolder(server.getServer(), segment));
+          numSoFar++;
+          continue;
+        }
+        int randNum = ThreadLocalRandom.current().nextInt(numSoFar + 1);
+        if (randNum < k) {
+          holders.set(randNum, new BalancerSegmentHolder(server.getServer(), segment));
+        }
+        numSoFar++;
+      }
+    }
+    return holders;
+  }
+
   /**
    * Iterates over segments that live on the candidate servers passed in {@link ServerHolder} and (possibly) picks a
    * segment to return to caller in a {@link BalancerSegmentHolder} object.
@@ -42,6 +79,7 @@
    *                                   returning immediately.
    * @return
    */
+  @Deprecated
   static BalancerSegmentHolder getRandomBalancerSegmentHolder(
       final List<ServerHolder> serverHolders,
       Set<String> broadcastDatasources,
diff --git a/server/src/main/java/org/apache/druid/server/coordinator/duty/BalanceSegments.java b/server/src/main/java/org/apache/druid/server/coordinator/duty/BalanceSegments.java
index d1fca19..218cf69 100644
--- a/server/src/main/java/org/apache/druid/server/coordinator/duty/BalanceSegments.java
+++ b/server/src/main/java/org/apache/druid/server/coordinator/duty/BalanceSegments.java
@@ -36,6 +36,7 @@
 import org.apache.druid.timeline.SegmentId;
 
 import java.util.HashMap;
+import java.util.Iterator;
 import java.util.List;
 import java.util.Map;
 import java.util.NavigableSet;
@@ -55,6 +56,8 @@
   protected final Map<String, ConcurrentHashMap<SegmentId, BalancerSegmentHolder>> currentlyMovingSegments =
       new HashMap<>();
 
+  private static final int DEFAULT_RESERVOIR_SIZE = 1;
+
   public BalanceSegments(DruidCoordinator coordinator)
   {
     this.coordinator = coordinator;
@@ -180,22 +183,30 @@
       int maxSegmentsToMove
   )
   {
+    if (maxSegmentsToMove <= 0) {
+      return new Pair<>(0, 0);
+    }
+
     final BalancerStrategy strategy = params.getBalancerStrategy();
     final int maxIterations = 2 * maxSegmentsToMove;
     final int maxToLoad = params.getCoordinatorDynamicConfig().getMaxSegmentsInNodeLoadingQueue();
     int moved = 0, unmoved = 0;
 
+    Iterator<BalancerSegmentHolder> segmentsToMove = strategy.pickSegmentsToMove(
+        toMoveFrom,
+        params.getBroadcastDatasources(),
+        params.getCoordinatorDynamicConfig().useBatchedSegmentSampler() ? maxSegmentsToMove : DEFAULT_RESERVOIR_SIZE,
+        params.getCoordinatorDynamicConfig().getPercentOfSegmentsToConsiderPerMove()
+    );
+
     //noinspection ForLoopThatDoesntUseLoopVariable
     for (int iter = 0; (moved + unmoved) < maxSegmentsToMove; ++iter) {
-      final BalancerSegmentHolder segmentToMoveHolder = strategy.pickSegmentToMove(
-          toMoveFrom,
-          params.getBroadcastDatasources(),
-          params.getCoordinatorDynamicConfig().getPercentOfSegmentsToConsiderPerMove()
-      );
-      if (segmentToMoveHolder == null) {
+      if (!segmentsToMove.hasNext()) {
         log.info("All servers to move segments from are empty, ending run.");
         break;
       }
+      final BalancerSegmentHolder segmentToMoveHolder = segmentsToMove.next();
+
       // DruidCoordinatorRuntimeParams.getUsedSegments originate from SegmentsMetadataManager, i. e. that's a set of segments
       // that *should* be loaded. segmentToMoveHolder.getSegment originates from ServerInventoryView,  i. e. that may be
       // any segment that happens to be loaded on some server, even if it is not used. (Coordinator closes such
diff --git a/server/src/test/java/org/apache/druid/server/coordinator/BalanceSegmentsTest.java b/server/src/test/java/org/apache/druid/server/coordinator/BalanceSegmentsTest.java
index 26175f6..76b1104 100644
--- a/server/src/test/java/org/apache/druid/server/coordinator/BalanceSegmentsTest.java
+++ b/server/src/test/java/org/apache/druid/server/coordinator/BalanceSegmentsTest.java
@@ -42,6 +42,7 @@
 import java.util.Arrays;
 import java.util.Collections;
 import java.util.HashMap;
+import java.util.Iterator;
 import java.util.List;
 import java.util.Set;
 import java.util.concurrent.Executors;
@@ -233,20 +234,26 @@
 
     BalancerStrategy strategy = EasyMock.createMock(BalancerStrategy.class);
     EasyMock.expect(
-        strategy.pickSegmentToMove(
+        strategy.pickSegmentsToMove(
             ImmutableList.of(
                 new ServerHolder(druidServer2, peon2, false)
             ),
             broadcastDatasources,
+            1,
             100
         )
     ).andReturn(
-        new BalancerSegmentHolder(druidServer2, segment3)).andReturn(new BalancerSegmentHolder(druidServer2, segment4)
+        ImmutableList.of(
+            new BalancerSegmentHolder(druidServer2, segment3),
+            new BalancerSegmentHolder(druidServer2, segment4)
+        ).iterator()
     );
 
-    EasyMock.expect(strategy.pickSegmentToMove(EasyMock.anyObject(), EasyMock.anyObject(), EasyMock.anyInt()))
-            .andReturn(new BalancerSegmentHolder(druidServer1, segment1))
-            .andReturn(new BalancerSegmentHolder(druidServer1, segment2));
+    EasyMock.expect(strategy.pickSegmentsToMove(EasyMock.anyObject(), EasyMock.anyObject(), EasyMock.anyInt(), EasyMock.anyInt()))
+            .andReturn(
+                ImmutableList.of(
+                    new BalancerSegmentHolder(druidServer1, segment1),
+                    new BalancerSegmentHolder(druidServer1, segment2)).iterator());
 
     EasyMock.expect(strategy.findNewSegmentHomeBalancer(EasyMock.anyObject(), EasyMock.anyObject()))
             .andReturn(new ServerHolder(druidServer3, peon3))
@@ -309,11 +316,14 @@
     mockCoordinator(coordinator);
 
     BalancerStrategy strategy = EasyMock.createMock(BalancerStrategy.class);
-    EasyMock.expect(strategy.pickSegmentToMove(EasyMock.anyObject(), EasyMock.anyObject(), EasyMock.anyInt()))
-            .andReturn(new BalancerSegmentHolder(druidServer1, segment1))
-            .andReturn(new BalancerSegmentHolder(druidServer1, segment2))
-            .andReturn(new BalancerSegmentHolder(druidServer2, segment3))
-            .andReturn(new BalancerSegmentHolder(druidServer2, segment4));
+    EasyMock.expect(strategy.pickSegmentsToMove(EasyMock.anyObject(), EasyMock.anyObject(), EasyMock.anyInt(), EasyMock.anyInt()))
+            .andReturn(ImmutableList.of(new BalancerSegmentHolder(druidServer1, segment1)).iterator());
+    EasyMock.expect(strategy.pickSegmentsToMove(EasyMock.anyObject(), EasyMock.anyObject(), EasyMock.anyInt(), EasyMock.anyInt()))
+            .andReturn(
+                ImmutableList.of(
+                    new BalancerSegmentHolder(druidServer1, segment2),
+                    new BalancerSegmentHolder(druidServer2, segment3),
+                    new BalancerSegmentHolder(druidServer2, segment4)).iterator());
 
     EasyMock.expect(strategy.findNewSegmentHomeBalancer(EasyMock.anyObject(), EasyMock.anyObject()))
             .andReturn(new ServerHolder(druidServer3, peon3))
@@ -358,8 +368,8 @@
     mockCoordinator(coordinator);
 
     BalancerStrategy strategy = EasyMock.createMock(BalancerStrategy.class);
-    EasyMock.expect(strategy.pickSegmentToMove(EasyMock.anyObject(), EasyMock.anyObject(), EasyMock.anyInt()))
-            .andReturn(new BalancerSegmentHolder(druidServer1, segment1))
+    EasyMock.expect(strategy.pickSegmentsToMove(EasyMock.anyObject(), EasyMock.anyObject(), EasyMock.anyInt(), EasyMock.anyInt()))
+            .andReturn(ImmutableList.of(new BalancerSegmentHolder(druidServer1, segment1)).iterator())
             .anyTimes();
     EasyMock.expect(strategy.findNewSegmentHomeBalancer(EasyMock.anyObject(), EasyMock.anyObject())).andAnswer(() -> {
       List<ServerHolder> holders = (List<ServerHolder>) EasyMock.getCurrentArguments()[1];
@@ -393,8 +403,8 @@
 
     ServerHolder holder2 = new ServerHolder(druidServer2, peon2, false);
     BalancerStrategy strategy = EasyMock.createMock(BalancerStrategy.class);
-    EasyMock.expect(strategy.pickSegmentToMove(EasyMock.anyObject(), EasyMock.anyObject(), EasyMock.anyInt()))
-            .andReturn(new BalancerSegmentHolder(druidServer1, segment1))
+    EasyMock.expect(strategy.pickSegmentsToMove(EasyMock.anyObject(), EasyMock.anyObject(), EasyMock.anyInt(), EasyMock.anyInt()))
+            .andReturn(ImmutableList.of(new BalancerSegmentHolder(druidServer1, segment1)).iterator())
             .once();
     EasyMock.expect(strategy.findNewSegmentHomeBalancer(EasyMock.anyObject(), EasyMock.anyObject()))
             .andReturn(holder2)
@@ -556,27 +566,29 @@
 
     // The first call for decommissioning servers
     EasyMock.expect(
-        strategy.pickSegmentToMove(
+        strategy.pickSegmentsToMove(
             ImmutableList.of(),
             broadcastDatasources,
+            1,
             40
         )
     )
-            .andReturn(null);
+            .andReturn(Collections.emptyIterator());
 
     // The second call for the single non decommissioning server move
     EasyMock.expect(
-        strategy.pickSegmentToMove(
+        strategy.pickSegmentsToMove(
             ImmutableList.of(
                 new ServerHolder(druidServer3, peon3, false),
                 new ServerHolder(druidServer2, peon2, false),
                 new ServerHolder(druidServer1, peon1, false)
             ),
             broadcastDatasources,
+            1,
             40
         )
     )
-            .andReturn(new BalancerSegmentHolder(druidServer2, segment3));
+            .andReturn(ImmutableList.of(new BalancerSegmentHolder(druidServer2, segment3)).iterator());
 
     EasyMock.expect(strategy.findNewSegmentHomeBalancer(EasyMock.anyObject(), EasyMock.anyObject()))
             .andReturn(new ServerHolder(druidServer3, peon3))
@@ -606,6 +618,30 @@
     );
   }
 
+  @Test
+  public void testUseBatchedSegmentSampler()
+  {
+    mockDruidServer(druidServer1, "1", "normal", 30L, 100L, segments);
+    mockDruidServer(druidServer2, "2", "normal", 0L, 100L, Collections.emptyList());
+    mockDruidServer(druidServer3, "3", "normal", 0L, 100L, Collections.emptyList());
+    mockDruidServer(druidServer4, "4", "normal", 0L, 100L, Collections.emptyList());
+
+    mockCoordinator(coordinator);
+
+    DruidCoordinatorRuntimeParams params = defaultRuntimeParamsBuilder(druidServers, peons)
+        .withDynamicConfigs(
+            CoordinatorDynamicConfig.builder()
+                                    .withMaxSegmentsToMove(2)
+                                    .withUseBatchedSegmentSampler(true)
+                                    .build()
+        )
+        .withBroadcastDatasources(broadcastDatasources)
+        .build();
+
+    params = new BalanceSegmentsTester(coordinator).run(params);
+    Assert.assertEquals(2L, params.getCoordinatorStats().getTieredStat("movedCount", "normal"));
+  }
+
   private DruidCoordinatorRuntimeParams.Builder defaultRuntimeParamsBuilder(
       List<ImmutableDruidServer> druidServers,
       List<LoadQueuePeon> peons
@@ -716,13 +752,14 @@
     }
 
     @Override
-    public BalancerSegmentHolder pickSegmentToMove(
+    public Iterator<BalancerSegmentHolder> pickSegmentsToMove(
         List<ServerHolder> serverHolders,
         Set<String> broadcastDatasources,
+        int numberOfSegments,
         double percentOfSegmentsToConsider
     )
     {
-      return pickOrder.get(pickCounter.getAndIncrement() % pickOrder.size());
+      return pickOrder.iterator();
     }
 
     @Override
@@ -745,18 +782,19 @@
     // either decommissioning servers list or acitve ones (ie servers list is [2] or [1, 3])
     BalancerStrategy strategy = EasyMock.createMock(BalancerStrategy.class);
     EasyMock.expect(
-        strategy.pickSegmentToMove(
+        strategy.pickSegmentsToMove(
             ImmutableList.of(
                 new ServerHolder(druidServer2, peon2, true)
             ),
             broadcastDatasources,
+            1,
             100
         )
     ).andReturn(
-        new BalancerSegmentHolder(druidServer2, segment2)
+        ImmutableList.of(new BalancerSegmentHolder(druidServer2, segment2)).iterator()
     );
-    EasyMock.expect(strategy.pickSegmentToMove(EasyMock.anyObject(), EasyMock.anyObject(), EasyMock.anyInt()))
-            .andReturn(new BalancerSegmentHolder(druidServer1, segment1));
+    EasyMock.expect(strategy.pickSegmentsToMove(EasyMock.anyObject(), EasyMock.anyObject(), EasyMock.anyInt(), EasyMock.anyDouble()))
+            .andReturn(ImmutableList.of(new BalancerSegmentHolder(druidServer1, segment1)).iterator());
     EasyMock.expect(strategy.findNewSegmentHomeBalancer(EasyMock.anyObject(), EasyMock.anyObject()))
             .andReturn(new ServerHolder(druidServer3, peon3))
             .anyTimes();
diff --git a/server/src/test/java/org/apache/druid/server/coordinator/ReservoirSegmentSamplerTest.java b/server/src/test/java/org/apache/druid/server/coordinator/ReservoirSegmentSamplerTest.java
index f59f242..70086ab 100644
--- a/server/src/test/java/org/apache/druid/server/coordinator/ReservoirSegmentSamplerTest.java
+++ b/server/src/test/java/org/apache/druid/server/coordinator/ReservoirSegmentSamplerTest.java
@@ -174,10 +174,10 @@
     Map<DataSegment, Integer> segmentCountMap = new HashMap<>();
     for (int i = 0; i < iterations; i++) {
       // due to the pseudo-randomness of this method, we may not select a segment every single time no matter what.
-      BalancerSegmentHolder balancerSegmentHolder = ReservoirSegmentSampler.getRandomBalancerSegmentHolder(holderList, Collections.emptySet(), 100);
-      if (balancerSegmentHolder != null) {
-        segmentCountMap.put(balancerSegmentHolder.getSegment(), 1);
-      }
+      segmentCountMap.put(
+          ReservoirSegmentSampler.getRandomBalancerSegmentHolders(holderList, Collections.emptySet(), 1).get(0).getSegment(),
+          1
+      );
     }
 
     for (DataSegment segment : segments) {
diff --git a/server/src/test/java/org/apache/druid/server/http/CoordinatorDynamicConfigTest.java b/server/src/test/java/org/apache/druid/server/http/CoordinatorDynamicConfigTest.java
index e022082..b6776a8 100644
--- a/server/src/test/java/org/apache/druid/server/http/CoordinatorDynamicConfigTest.java
+++ b/server/src/test/java/org/apache/druid/server/http/CoordinatorDynamicConfigTest.java
@@ -389,7 +389,7 @@
     Assert.assertEquals(
         current,
         new CoordinatorDynamicConfig
-            .Builder(null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null)
+            .Builder(null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null, null)
             .build(current)
     );
   }
diff --git a/web-console/src/dialogs/coordinator-dynamic-config-dialog/__snapshots__/coordinator-dynamic-config-dialog.spec.tsx.snap b/web-console/src/dialogs/coordinator-dynamic-config-dialog/__snapshots__/coordinator-dynamic-config-dialog.spec.tsx.snap
index 16f0386..b799bb5 100644
--- a/web-console/src/dialogs/coordinator-dynamic-config-dialog/__snapshots__/coordinator-dynamic-config-dialog.spec.tsx.snap
+++ b/web-console/src/dialogs/coordinator-dynamic-config-dialog/__snapshots__/coordinator-dynamic-config-dialog.spec.tsx.snap
@@ -169,6 +169,14 @@
           "type": "number",
         },
         Object {
+          "defaultValue": false,
+          "info": <React.Fragment>
+            Boolean flag for whether or not we should use the Reservoir Sampling with a reservoir of size k instead of fixed size 1 to pick segments to move. This option can be enabled to speed up segment balancing process, especially if there are huge number of segments in the cluster or if there are too many segments to move.
+          </React.Fragment>,
+          "name": "useBatchedSegmentSampler",
+          "type": "boolean",
+        },
+        Object {
           "defaultValue": 100,
           "info": <React.Fragment>
             The percentage of the total number of segments in the cluster that are considered every time a segment needs to be selected for a move. Druid orders servers by available capacity ascending (the least available capacity first) and then iterates over the servers. For each server, Druid iterates over the segments on the server, considering them for moving. The default config of 100% means that every segment on every server is a candidate to be moved. This should make sense for most small to medium-sized clusters. However, an admin may find it preferable to drop this value lower if they don't think that it is worthwhile to consider every single segment in the cluster each time it is looking for a segment to move.
diff --git a/web-console/src/druid-models/coordinator-dynamic-config.tsx b/web-console/src/druid-models/coordinator-dynamic-config.tsx
index 4ee4296..ee519ca 100644
--- a/web-console/src/druid-models/coordinator-dynamic-config.tsx
+++ b/web-console/src/druid-models/coordinator-dynamic-config.tsx
@@ -195,6 +195,19 @@
     ),
   },
   {
+    name: 'useBatchedSegmentSampler',
+    type: 'boolean',
+    defaultValue: false,
+    info: (
+      <>
+        Boolean flag for whether or not we should use the Reservoir Sampling with a reservoir of
+        size k instead of fixed size 1 to pick segments to move. This option can be enabled to speed
+        up segment balancing process, especially if there are huge number of segments in the cluster
+        or if there are too many segments to move.
+      </>
+    ),
+  },
+  {
     name: 'percentOfSegmentsToConsiderPerMove',
     type: 'number',
     defaultValue: 100,