If you use VMs and don't pin VMs to cores (which is pretty sensible) yes, but if you run your processes on your metal, pinning processes will reduce pressure on their L1/L2 caches if a given process is running on it constantly, the odds the caches have the "right" data increase. The same goes for the processes that are not pinned, as they don't need to compete with the pinned one (unless they have the misfortune of being scheduled on those cores). In the end, it'll look like your cache is bigger.