Colloidal quantum dots can be stabilized in either a polar solvent or a nonpolar solvent depending on their surface chemistry. The former is typically achieved by charge stabilization while the latter by steric hindrance. This allows reversible tuning of their surface polarity for targeted application by engineering their ligand profile. Here we developed a hybrid stabilization approach that leveraged a combination of steric hindrance and charge stabilization simultaneously. We demonstrated this mechanism in a phase transfer process where hexane dispersed and hydrophobic CdSe/CdS core/shell quantum dots were exchanged into the hydrophilic dimethylformamide (DMF) phase. This was achieved by employing both Z-type cadmium acetate and X-type halide ligands. The results suggested only by using this hybrid stabilization strategy were we able to achieve good colloidal stability while preserving their photoluminescence quantum yield. This hybrid ligand strategy may promise new opportunities for the application of QDs in optoelectronic areas.