diff --git a/src/masking/__benches__/types.bench.ts b/src/masking/__benches__/types.bench.ts
index 621fb29dfaf..562ece9838e 100644
--- a/src/masking/__benches__/types.bench.ts
+++ b/src/masking/__benches__/types.bench.ts
@@ -299,7 +299,7 @@ test("MaybeMasked handles odd types", (prefix) => {
 
   bench(prefix + "unknown instantiations", () => {
     attest<unknown, MaybeMasked<unknown>>();
-  }).types([52, "instantiations"]);
+  }).types([54, "instantiations"]);
   bench(prefix + "unknown functionality", () => {
     expectTypeOf<MaybeMasked<unknown>>().toBeUnknown();
   });
@@ -464,3 +464,19 @@ test("base type, multiple fragments on sub-types", (prefix) => {
     }>();
   });
 });
+
+test("does not detect `$fragmentRefs` if type contains `any`", (prefix) => {
+  interface Source {
+    foo: { bar: any[] };
+  }
+
+  bench(prefix + "instantiations", () => {
+    return {} as MaybeMasked<Source>;
+  }).types([6, "instantiations"]);
+
+  bench(prefix + "functionality", () => {
+    const x = {} as MaybeMasked<Source>;
+
+    expectTypeOf(x).branded.toEqualTypeOf<Source>();
+  });
+});
diff --git a/src/masking/internal/types.ts b/src/masking/internal/types.ts
index ead6b64abdf..1c6150555ae 100644
--- a/src/masking/internal/types.ts
+++ b/src/masking/internal/types.ts
@@ -184,7 +184,8 @@ export type RemoveFragmentName<T> =
   T extends any ? Omit<T, " $fragmentName"> : T;
 
 export type ContainsFragmentsRefs<TData> =
-  TData extends object ?
+  true extends IsAny<TData> ? false
+  : TData extends object ?
     " $fragmentRefs" extends keyof TData ?
       true
     : ContainsFragmentsRefs<TData[keyof TData]>