QPixmapCache does not appear to respect the cacheLimit

I am using about 2000 test images with resolution 1024x768(they are the sample pictures that come with windows, I mention this in case there's some dependency on the image size). I load the pixmaps into QPixmapCache using the following code(this is from a minimum compilable example so I'm not storing the key for retrieval):

QPixmap pixmap(filename);
QPixmapCache::insert(pixmap);

When I set cache limit to a small value such as 2048, the memory usage of my application's process is fairly steady and under 20 mb. When I set the cache limit to something higher such as 10240(the default), my application's memory usage shoots to over a gigabyte as all the images are loaded in. Based on the documentation, I do not think that it's supposed to work this way.

I have attached a minimum(more or less) compilable example of this behavior. To see the behavior click the import button, import a large number of copies of images around 1024x768 in size, and watch the memory usage soar in the task manager.