13F-HR 1 k13f-063004.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 13F Form 13F COVER PAGE Report for the Calendar Year or Quarter Ended: 06/30/04 Check here if Amendment [ ] ; Amendment Number: This Amendment (Check only one.): [ ] is a restatement. [ ] adds new holdings entries. Institutional Investment Manager Filing this Report: Name: Kopp Investment Advisors, LLC Address: 7701 France Ave. So., Suite 500 Edina, MN 55435 Form 13F File Number: 28- 03099 The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form. Person Signing this Report on Behalf of Reporting Manager: Name: John P. Flakne Title: Chief Financial Officer Phone: (952) 841-0400 Signature, Place and Date of Signing: Edina, MN 07/30/04 Report Type (Check only one.): [ X ] 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager are reported in this report.) [ ] 13F NOTICE. (Check here if no holdings reported are in this report, and all holdings are reported by other reporting manager(s.)) [ ] 13F COMBINATION REPORT. (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).) Form 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 0 Form 13F Information Table Entry Total: 225 Form 13F Information Table Value Total: $ 2,037,465 (thousands) List of Other Included Managers: NONE FORM 13F INFORMATION TABLE VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- ADC Telecomm COM 000886101 11474 4040000 SH SOLE 4040000 35973 12666398 SH OTHER 10895839 1770559 Actuate Corp. COM 00508B102 138 35000 SH SOLE 35000 4425 1120300 SH OTHER 888630 231670 Adept Tech Inc. COM 006854103 893 770000 SH SOLE 770000 692 596530 SH OTHER 583330 13200 Advanced Fibre Comm COM 00754A105 3636 180000 SH SOLE 180000 30140 1492096 SH OTHER 1209116 282980 Aeroflex Inc. COM 007768104 688 48150 SH OTHER 41900 6250 Agere Systems Cl B COM 00845V209 4921 2288852 SH OTHER 1848200 440652 Agilent Technologies COM 00846U101 5420 185108 SH OTHER 139308 45800 Alcatel ADR COM 013904305 304 19623 SH OTHER 19623 Anadigics Inc. COM 032515108 5140 1000000 SH SOLE 1000000 17005 3308380 SH OTHER 2712344 596036 Analog Devices Inc. COM 032654105 7671 162925 SH OTHER 129825 33100 Applied Micro Circuits COM 03822W109 2873 540000 SH SOLE 540000 9145 1719024 SH OTHER 1512495 206529 Applied Microsystems COM 037935103 1 30000 SH SOLE 30000 5 272750 SH OTHER 256750 16000 Array Biopharma Inc. COM 04269X105 8785 1105000 SH SOLE 1105000 23431 2947349 SH OTHER 2518496 428853 Artesyn Technologies COM 043127109 3060 340000 SH SOLE 340000 7520 835540 SH OTHER 744140 91400 Arthrocare Corp. COM 043136100 10600 365000 SH SOLE 365000 23965 825250 SH OTHER 722799 102451 Artisan Components COM 042923102 6450 250000 SH SOLE 250000 7673 297395 SH OTHER 260495 36900 Biosite Inc. COM 090945106 7891 175000 SH SOLE 175000 29204 647686 SH OTHER 552341 95345 Brooks Automation Inc. COM 114340102 4030 200000 SH SOLE 200000 12142 602574 SH OTHER 543274 59300 Caliper Life Sciences COM 130872104 3348 720000 SH SOLE 720000 3817 820760 SH OTHER 775210 45550 Captaris Inc. COM 14071N104 5168 800000 SH SOLE 800000 2643 409200 SH OTHER 389300 19900 Captiva Software COM 14073T109 194 20000 SH SOLE 20000 320 33000 SH OTHER 33000 Cardiodynamics Intl COM 141597104 5151 1020000 SH SOLE 1020000 13450 2663300 SH OTHER 2251950 411350 Cell Genesys Inc. COM 150921104 4364 420000 SH SOLE 420000 8201 789330 SH OTHER 693230 96100 Centillium Comm COM 152319109 2298 600000 SH SOLE 600000 4594 1199550 SH OTHER 950550 249000 Cepheid Inc. COM 15670R107 7155 620000 SH SOLE 620000 28628 2480740 SH OTHER 2142190 338550 Charles River Labs COM 159864107 11818 241825 SH OTHER 196425 45400 Cholestech Corp. COM 170393102 2122 260340 SH OTHER 230840 29500 Cisco System Inc. COM 17275R102 1636 69030 SH OTHER 52930 16100 Closure Med Corp COM 189093107 4269 170000 SH SOLE 170000 15511 617720 SH OTHER 538430 79290 Cognos Inc. (Canada) COM 19244C109 21475 593875 SH OTHER 478090 115785 Computer Network COM 204925101 150 25100 SH OTHER 24700 400 Concord Comm Inc. COM 206186108 183 16000 SH OTHER 16000 Conexant Systems Inc. COM 207142100 9656 2230000 SH SOLE 2230000 22840 5274884 SH OTHER 4495684 779200 Curagen Corp. COM 23126R101 5691 947000 SH SOLE 947000 17171 2857007 SH OTHER 2516319 340688 Cyberoptics Corp. COM 232517102 6820 262500 SH SOLE 262500 15580 599705 SH OTHER 539205 60500 Depomed Inc. COM 249908104 4668 945000 SH SOLE 945000 16431 3326080 SH OTHER 2832880 493200 Digimarc Corp. COM 253807101 13550 1015000 SH SOLE 1015000 19962 1495308 SH OTHER 1320608 174700 Diversa Corp. COM 255064107 203 20000 SH SOLE 20000 11392 1124550 SH OTHER 954200 170350 ELoyalty Corp. COM 290151307 157 25000 SH SOLE 25000 309 49000 SH OTHER 49000 EMC Corporation COM 268648102 620 54375 SH SOLE 54375 2719 238493 SH OTHER 216278 22215 EMS Technologies Inc. COM 26873N108 14543 748500 SH SOLE 748500 26966 1387851 SH OTHER 1176412 211439 Emcore Corp. COM 290846104 424 130000 SH OTHER 130000 Endocardial Solutions COM 292962107 22644 2185703 SH SOLE 2185703 18945 1828680 SH OTHER 1592730 235950 Entegris Inc. COM 29362U104 524 45270 SH OTHER 42970 2300 Enterasys Networks COM 293637104 12744 6040000 SH SOLE 6040000 28490 13502534 SH OTHER 11967084 1535450 Epicor Software Corp. COM 29426L108 37584 2675000 SH SOLE 2675000 39811 2833542 SH OTHER 2753742 79800 Finisar Corp. COM 31787A101 6237 3150000 SH SOLE 3150000 14608 7377854 SH OTHER 6308654 1069200 Gen-Probe Inc. COM 36866T103 14196 300000 SH SOLE 300000 608 12850 SH OTHER 8450 4400 Glenayre Technologies COM 377899109 46 20000 SH SOLE 20000 1564 680000 SH OTHER 667500 12500 Harvard Bioscience COM 416906105 3026 675500 SH SOLE 675500 10604 2366911 SH OTHER 1935011 431900 Hypercom Corp. COM 44913M105 270 31900 SH OTHER 28600 3300 Hyperion Solutions COM 44914M104 19347 442510 SH SOLE 442510 19164 438340 SH OTHER 394184 44156 Inkine Pharmaceutical COM 457214104 5815 1502500 SH SOLE 1502500 17942 4636290 SH OTHER 3917340 718950 Intel Corp. COM 458140100 827 29964 SH OTHER 26356 3608 Inter-Tel Inc. COM 458372109 1099 44000 SH OTHER 39000 5000 Intl. Business Machines COM 459200101 2520 28585 SH OTHER 22735 5850 Itron Inc. COM 465741106 264 11500 SH OTHER 11500 Ivax Corp. COM 465823102 6350 264675 SH OTHER 218125 46550 JDS Uniphase Corp. COM 46612J101 2183 576000 SH SOLE 576000 33482 8834371 SH OTHER 7767133 1067238 Kintera Inc. COM 49720P506 1363 130850 SH OTHER 104300 26550 Kroll Inc. COM 501049100 9997 271074 SH OTHER 218674 52400 Lam Research Corp COM 512807108 204 7600 SH OTHER 7600 Larscom Inc. New COM 51729Y207 437 88571 SH SOLE 88571 1090 221020 SH OTHER 211664 9356 Lattice Semiconductor COM 518415104 1499 213900 SH OTHER 194250 19650 Lecroy Corp. COM 52324W109 10919 606274 SH SOLE 606274 9633 534873 SH OTHER 457923 76950 Lightbridge Inc. COM 532226107 1288 230000 SH SOLE 230000 4650 830293 SH OTHER 696293 134000 Lionbridge Technologies COM 536252109 2837 370900 SH OTHER 306900 64000 MKS Instruments Inc. COM 55306N104 4564 200000 SH SOLE 200000 14530 636722 SH OTHER 531973 104749 MRO Software Inc. COM 55347W105 9051 665000 SH SOLE 665000 18732 1376375 SH OTHER 1161738 214637 Macrovision Corp. COM 555904101 5006 200000 SH SOLE 200000 30699 1226475 SH OTHER 996270 230205 Manugistics Group Inc. COM 565011103 40 12000 SH OTHER 12000 Mapinfo Corp. COM 565105103 8750 825500 SH SOLE 825500 7999 754584 SH OTHER 692309 62275 Medarex Inc. COM 583916101 7290 1000000 SH SOLE 1000000 15149 2078000 SH OTHER 1740400 337600 Medicis Pharm Cl A COM 584690309 14766 369610 SH OTHER 296020 73590 Medtronic Inc. COM 585055106 7145 146662 SH OTHER 123912 22750 Micrel Inc. COM 594793101 3152 259450 SH OTHER 213250 46200 Micro Component Tech COM 59479Q100 193 135000 SH SOLE 135000 938 656212 SH OTHER 646712 9500 Mindspeed Tech COM 602682106 5439 1096666 SH SOLE 1096666 17932 3615399 SH OTHER 3065657 549742 Molecular Devices COM 60851C107 10196 573473 SH OTHER 467942 105531 Motorola Inc. COM 620076109 8939 489800 SH OTHER 390995 98805 Mykrolis Corp. COM 62852P103 11628 667500 SH OTHER 560400 107100 National Instruments COM 636518102 5285 172445 SH OTHER 143595 28850 Neose Tech Inc. COM 640522108 10747 1290120 SH SOLE 1290120 16660 1999981 SH OTHER 1750431 249550 Netmanage Inc. COM 641144308 893 114285 SH SOLE 114285 4167 533543 SH OTHER 517918 15625 Network Equipment COM 641208103 6120 750000 SH SOLE 750000 13472 1650949 SH OTHER 1563349 87600 Nortel Network (New) COM 656568102 299 60000 SH SOLE 60000 5052 1012390 SH OTHER 793940 218450 Oplink Communications COM 68375Q106 7699 4010000 SH SOLE 4010000 11336 5904224 SH OTHER 5115224 789000 PLX Technology COM 693417107 3940 228250 SH OTHER 168450 59800 PMC-Sierra Inc. COM 69344F106 6170 430000 SH SOLE 430000 8429 587360 SH OTHER 513160 74200 Pemstar Inc. COM 706552196 23 10000 SH OTHER 10000 Peoplesoft Inc. COM 712713106 2825 152725 SH OTHER 128675 24050 Pfizer Inc. COM 717081103 6899 201250 SH OTHER 156750 44500 Plato Learning Inc. COM 72764Y100 5550 560000 SH SOLE 560000 6638 669830 SH OTHER 536586 133244 Plexus Corporation COM 729132100 2700 200000 SH SOLE 200000 2656 196725 SH OTHER 154125 42600 Power Integrations Inc. COM 739276103 15010 602805 SH OTHER 509990 92815 Previo Inc. COM 74138B105 18 110000 SH SOLE 110000 117 732979 SH OTHER 698729 34250 Proxim Corporation COM 744283102 6726 5680920 SH SOLE 5680920 19963 16860584 SH OTHER 14470109 2390475 Quicklogic Corp. COM 74837P108 6504 1863650 SH SOLE 1863650 5289 1515600 SH OTHER 1335450 180150 Quidel Corp. COM 74838J101 3681 625000 SH SOLE 625000 14446 2452575 SH OTHER 2131975 320600 RF Monolithics Inc. COM 74955F106 2522 320000 SH SOLE 320000 1408 178700 SH OTHER 166300 12400 Redback Networks COM 757209507 6410 1000000 SH SOLE 1000000 6593 1028580 SH OTHER 918680 109900 Remec Inc. COM 759543101 6668 1055000 SH SOLE 1055000 24231 3833975 SH OTHER 3346664 487311 Retek Inc. COM 76128Q109 5541 902430 SH SOLE 902430 20305 3307053 SH OTHER 2787508 519545 Safenet Inc. COM 78645R107 3391 122500 SH SOLE 122500 3716 134234 SH OTHER 131234 3000 Sangamo Biosciences COM 800677106 5379 901000 SH SOLE 901000 19984 3347486 SH OTHER 2968536 378950 Sanmina Corp. COM 800907107 2275 250000 SH SOLE 250000 4899 538400 SH OTHER 427550 110850 Semtech Corp. COM 816850101 1831 77800 SH OTHER 60350 17450 Serena Software Inc. COM 817492101 4772 250000 SH SOLE 250000 14494 759250 SH OTHER 623500 135750 Skyworks Solutions COM 83088M102 8250 945000 SH SOLE 945000 31350 3591033 SH OTHER 3008172 582861 SonoSite Inc. COM 83568G104 9596 400000 SH SOLE 400000 25833 1076805 SH OTHER 954105 122700 Stratex Networks Inc. COM 86279T109 9086 3080000 SH SOLE 3080000 25093 8506269 SH OTHER 7297946 1208323 Superconductor Tech COM 867931107 394 320000 SH SOLE 320000 2288 1859900 SH OTHER 1571500 288400 Symyx Technologies COM 87155S108 13990 580000 SH SOLE 580000 33257 1378795 SH OTHER 1180265 198530 Synaptics Inc. COM 87157D109 6472 335000 SH SOLE 335000 17604 911170 SH OTHER 767720 143450 Techne Corp. COM 878377100 14920 343392 SH OTHER 287362 56030 Technology Solutions COM 87872T108 16 15000 SH SOLE 15000 210 196200 SH OTHER 181200 15000 Tekelec COM 879101103 29160 1604854 SH OTHER 1309804 295050 Tellabs Inc. COM 879664100 4848 554673 SH OTHER 466486 88187 Teradyne Inc. COM 880770102 5299 233450 SH OTHER 185050 48400 Thermo Electron Corp. COM 883556102 6211 202040 SH OTHER 155040 47000 Transgenomic Inc. COM 89365K206 4132 3130000 SH SOLE 3130000 5744 4351698 SH OTHER 3757480 594218 Trikon Technologies COM 896187408 1333 450500 SH SOLE 450500 62 21000 SH OTHER 11000 10000 Tut Systems Inc. COM 901103101 5591 1775000 SH SOLE 1775000 10962 3479988 SH OTHER 3353988 126000 Varian Medical Systems COM 92220P105 6436 81115 SH OTHER 68365 12750 Vastera Inc. COM 92239N109 2790 930000 SH SOLE 930000 8002 2667225 SH OTHER 2308325 358900 Veeco Instruments COM 922417100 3871 150000 SH SOLE 150000 925 35850 SH OTHER 30600 5250 Ventana Medical COM 92276H106 16398 345000 SH SOLE 345000 39097 822575 SH OTHER 697100 125475 Verint Systems COM 92343x100 802 23450 SH OTHER 22000 1450 Verisign Inc. COM 92343E102 7860 395000 SH SOLE 395000 39994 2009730 SH OTHER 1694830 314900 Verity Inc. COM 92343C106 2775 205400 SH SOLE 205400 9861 729870 SH OTHER 583170 146700 Visual Networks COM 928444108 1515 500000 SH SOLE 500000 5246 1731460 SH OTHER 1494460 237000 Vital Images COM 92846N104 4956 400000 SH SOLE 400000 7538 608410 SH OTHER 516510 91900 Vitesse Semiconductor COM 928497106 14542 2980000 SH SOLE 2980000 20798 4261878 SH OTHER 3603848 658030 WJ Communications COM 929284107 7611 2149900 SH SOLE 2149900 12019 3395200 SH OTHER 3193800 201400 Zygo Corp. COM 989855101 8169 730000 SH SOLE 730000 22387 2000640 SH OTHER 1677390 323250