diff --git a/test/distributed/_tensor/test_dtensor.py b/test/distributed/_tensor/test_dtensor.py
index 17a6aebd8f9..e2758e3216d 100644
--- a/test/distributed/_tensor/test_dtensor.py
+++ b/test/distributed/_tensor/test_dtensor.py
@@ -536,6 +536,16 @@ class DTensorTest(DTensorTestBase):
         buffer.seek(0)
         reloaded_st = torch.load(buffer)
         self.assertEqual(sharded_tensor, reloaded_st)
+        # Test weights_only load
+        try:
+            torch.serialization.add_safe_globals(
+                [DTensor, DeviceMesh, Shard, DTensorSpec, TensorMeta]
+            )
+            buffer.seek(0)
+            reloaded_st = torch.load(buffer, weights_only=True)
+            self.assertEqual(sharded_tensor, reloaded_st)
+        finally:
+            torch.serialization.clear_safe_globals()
 
 
 class DTensorMeshTest(DTensorTestBase):
diff --git a/test/test_serialization.py b/test/test_serialization.py
index 9890d9b2d9f..a25f9856271 100644
--- a/test/test_serialization.py
+++ b/test/test_serialization.py
@@ -15,7 +15,7 @@ import pickle
 import shutil
 import pathlib
 import platform
-from collections import OrderedDict
+from collections import namedtuple, OrderedDict
 from copy import deepcopy
 from itertools import product
 
@@ -804,6 +804,17 @@ class serialization_method:
     def __exit__(self, *args, **kwargs):
         torch.save = self.torch_save
 
+Point = namedtuple('Point', ['x', 'y'])
+
+class ClassThatUsesBuildInstruction:
+    def __init__(self, num):
+        self.num = num
+
+    def __reduce_ex__(self, proto):
+        # Third item, state here will cause pickle to push a BUILD instruction
+        return ClassThatUsesBuildInstruction, (self.num,), {'foo': 'bar'}
+
+
 @unittest.skipIf(IS_WINDOWS, "NamedTemporaryFile on windows")
 class TestBothSerialization(TestCase):
     @parametrize("weights_only", (True, False))
@@ -1049,6 +1060,55 @@ class TestSerialization(TestCase, SerializationMixin):
             finally:
                 torch.serialization.clear_safe_globals()
 
+    def test_weights_only_safe_globals_newobj(self):
+        # This will use NEWOBJ
+        p = Point(x=1, y=2)
+        with BytesIOContext() as f:
+            torch.save(p, f)
+            f.seek(0)
+            with self.assertRaisesRegex(pickle.UnpicklingError,
+                                        "GLOBAL __main__.Point was not an allowed global by default"):
+                torch.load(f, weights_only=True)
+            f.seek(0)
+            try:
+                torch.serialization.add_safe_globals([Point])
+                loaded_p = torch.load(f, weights_only=True)
+                self.assertEqual(loaded_p, p)
+            finally:
+                torch.serialization.clear_safe_globals()
+
+    def test_weights_only_safe_globals_build(self):
+        counter = 0
+
+        def fake_set_state(obj, *args):
+            nonlocal counter
+            counter += 1
+
+        c = ClassThatUsesBuildInstruction(2)
+        with BytesIOContext() as f:
+            torch.save(c, f)
+            f.seek(0)
+            with self.assertRaisesRegex(pickle.UnpicklingError,
+                                        "GLOBAL __main__.ClassThatUsesBuildInstruction was not an allowed global by default"):
+                torch.load(f, weights_only=True)
+            try:
+                torch.serialization.add_safe_globals([ClassThatUsesBuildInstruction])
+                # Test dict update path
+                f.seek(0)
+                loaded_c = torch.load(f, weights_only=True)
+                self.assertEqual(loaded_c.num, 2)
+                self.assertEqual(loaded_c.foo, 'bar')
+                # Test setstate path
+                ClassThatUsesBuildInstruction.__setstate__ = fake_set_state
+                f.seek(0)
+                loaded_c = torch.load(f, weights_only=True)
+                self.assertEqual(loaded_c.num, 2)
+                self.assertEqual(counter, 1)
+                self.assertFalse(hasattr(loaded_c, 'foo'))
+            finally:
+                torch.serialization.clear_safe_globals()
+                ClassThatUsesBuildInstruction.__setstate__ = None
+
     @parametrize('weights_only', (False, True))
     def test_serialization_math_bits(self, weights_only):
         t = torch.randn(1, dtype=torch.cfloat)
diff --git a/torch/_weights_only_unpickler.py b/torch/_weights_only_unpickler.py
index cf1514dcf41..ba131d20478 100644
--- a/torch/_weights_only_unpickler.py
+++ b/torch/_weights_only_unpickler.py
@@ -231,9 +231,12 @@ class Unpickler:
             elif key[0] == NEWOBJ[0]:
                 args = self.stack.pop()
                 cls = self.stack.pop()
-                if cls is not torch.nn.Parameter:
+                if cls is torch.nn.Parameter:
+                    self.append(torch.nn.Parameter(*args))
+                elif cls in _get_user_allowed_globals().values():
+                    self.append(cls.__new__(cls, *args))
+                else:
                     raise RuntimeError(f"Trying to instantiate unsupported class {cls}")
-                self.append(torch.nn.Parameter(*args))
             elif key[0] == REDUCE[0]:
                 args = self.stack.pop()
                 func = self.stack[-1]
@@ -255,9 +258,14 @@ class Unpickler:
                     inst.__setstate__(state)
                 elif type(inst) is OrderedDict:
                     inst.__dict__.update(state)
+                elif type(inst) in _get_user_allowed_globals().values():
+                    if hasattr(inst, "__setstate__"):
+                        inst.__setstate__(state)
+                    else:
+                        inst.__dict__.update(state)
                 else:
                     raise RuntimeError(
-                        f"Can only build Tensor, parameter or dict objects, but got {type(inst)}"
+                        f"Can only build Tensor, parameter or OrderedDict objects, but got {type(inst)}"
                     )
             # Stack manipulation
             elif key[0] == APPEND[0]:
diff --git a/torch/serialization.py b/torch/serialization.py
index 95d8d2e5cc6..d7c3fd15933 100644
--- a/torch/serialization.py
+++ b/torch/serialization.py
@@ -203,7 +203,9 @@ def get_safe_globals() -> List[Any]:
 
 def add_safe_globals(safe_globals: List[Any]) -> None:
     """
-    Marks the given globals as safe for ``weights_only`` load.
+    Marks the given globals as safe for ``weights_only`` load. For example, functions
+    added to this list can be called during unpickling, classes could be instantiated
+    and have state set.
 
     Args:
         safe_globals (List[Any]): list of globals to mark as safe