Provided herein is a water-based hybrid pressure sensitive adhesive composition and a method of producing the same. The composition comprises: (A) 100 parts by mass of a silicone pressure sensitive adhesive; (B) 5 to 80 parts by mass of an acrylic pressure sensitive adhesive; (C) water in a sufficient amount to emulsify or disperse components (A) and (B) in component (C); and (D) 0.1 to 10 parts by mass of an amino-functional alkoxysilane compound, a hydrolysate thereof, or a hydrolyzed condensate thereof. Components (A) and (B) are emulsified or dispersed in component (C). The composition can be cured to form a pressure sensitive adhesive exhibiting good peel adhesion and low silicone migration.