@PavanKadambiMohan
Very common question.
You can try creating a dependent dropdown. This would make sense anyway if you have more than 10000 list items. Will make it easier for users to find what they're looking for.
https://help.anaplan.com/anapedia/Content/Modeling/Build%20Models/Dropdowns/Many-to-many_Filtered_Picklists.htm
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