13F-HR 1 k13f-063005.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: 06/30/05 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 7/27/05 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: 282 Form 13F Information Table Value Total: $ 1,385,665 (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 000886309 13186 605714 SH SOLE 605714 30627 1406841 SH OTHER 1249037 157804 Actuate Corp. COM 00508B102 65 35000 SH SOLE 35000 75 40000 SH OTHER 40000 Adept Tech Inc. COM 006854202 1335 163800 SH SOLE 163800 3060 375505 SH OTHER 372705 2800 Aeroflex Inc. COM 007768104 195 23200 SH OTHER 23200 Anadigics Inc. COM 032515108 679 350000 SH SOLE 350000 186 96000 SH OTHER 96000 Applied Micro Circuits COM 03822W109 102 40000 SH SOLE 40000 539 210476 SH OTHER 208476 2000 Applied Microsystems COM 037935103 2 30000 SH SOLE 30000 15 243750 SH OTHER 241750 2000 Array Biopharma Inc. COM 04269X105 7718 1225000 SH SOLE 1225000 19498 3094994 SH OTHER 2693794 401200 Artesyn Technologies COM 043127109 4698 540000 SH SOLE 540000 4758 546940 SH OTHER 498240 48700 Arthrocare Corp. COM 043136100 12753 365000 SH SOLE 365000 26651 762770 SH OTHER 684795 77975 Biosite Inc. COM 090945106 8249 150000 SH SOLE 150000 19975 363256 SH OTHER 316001 47255 Brooks Automation Inc. COM 114340102 2970 200000 SH SOLE 200000 6206 417899 SH OTHER 388299 29600 Caliper Life Sciences COM 130872104 5712 1020000 SH SOLE 1020000 3967 708400 SH OTHER 655900 52500 Captaris Inc. COM 14071N104 2774 670000 SH SOLE 670000 354 85400 SH OTHER 80400 5000 Captiva Software COM 14073T109 289 20000 SH SOLE 20000 477 33000 SH OTHER 33000 Cardiodynamics Intl COM 141597104 159 99650 SH OTHER 97650 2000 Cell Genesys Inc. COM 150921104 4120 770000 SH SOLE 770000 12004 2243770 SH OTHER 2017220 226550 Centillium Comm COM 152319109 1302 600000 SH SOLE 600000 1647 758800 SH OTHER 637400 121400 Cepheid Inc. COM 15670R107 7487 1020000 SH SOLE 1020000 18510 2521740 SH OTHER 2244590 277150 Cholestech Corp. COM 170393102 1879 166740 SH OTHER 157840 8900 Cognos Inc. (Canada) COM 19244C109 11088 324768 SH OTHER 277978 46790 Conexant Systems Inc. COM 207142100 3590 2230000 SH SOLE 2230000 5559 3452869 SH OTHER 3086069 366800 Curagen Corp. COM 23126R101 4868 947000 SH SOLE 947000 12201 2373810 SH OTHER 2118360 255450 Cutera Inc. COM 232109108 2082 120000 SH SOLE 120000 4098 236200 SH OTHER 203850 32350 Cyberoptics Corp. COM 232517102 2893 222500 SH SOLE 222500 6185 475755 SH OTHER 438355 37400 Depomed Inc. COM 249908104 5659 1295000 SH SOLE 1295000 13825 3163570 SH OTHER 2763070 400500 Digimarc Corp. COM 253807101 5552 1015000 SH SOLE 1015000 6211 1135423 SH OTHER 1039873 95550 Diversa Corp. COM 255064107 104 20000 SH SOLE 20000 9649 1852035 SH OTHER 1640440 211595 E-Z-EM Inc. COM 269305405 1401 100000 SH SOLE 100000 2662 190040 SH OTHER 169590 20450 ELoyalty Corp. COM 290151307 147 25000 SH SOLE 25000 218 37000 SH OTHER 37000 EMS Technologies Inc. COM 26873N108 9321 623500 SH SOLE 623500 14629 978556 SH OTHER 859767 118789 Emcore Corp. COM 290846104 537 130000 SH OTHER 130000 Entegris Inc. COM 29362U104 378 38170 SH OTHER 34770 3400 Enterasys Networks COM 293637104 5450 6056000 SH SOLE 6056000 12365 13738882 SH OTHER 12498139 1240743 Epicor Software Corp. COM 29426L108 26862 2035000 SH SOLE 2035000 32042 2427392 SH OTHER 2362292 65100 Finisar Corp. COM 31787A101 3308 3150000 SH SOLE 3150000 7328 6979354 SH OTHER 6124754 854600 Gen-Probe Inc. COM 36866T103 5435 150000 SH SOLE 150000 424 11700 SH OTHER 10050 1650 Glenayre Technologies COM 377899109 75 20000 SH SOLE 20000 2510 667500 SH OTHER 657500 10000 Harvard Bioscience COM 416906105 2488 792500 SH SOLE 792500 6197 1973680 SH OTHER 1664630 309050 Hyperion Solutions COM 44914M104 15795 392510 SH SOLE 392510 17961 446345 SH OTHER 384544 61801 Informatica Corp. COM 45666Q102 3107 370370 SH OTHER 295970 74400 Inkine Pharmaceutical COM 457214104 5168 1620000 SH SOLE 1620000 13955 4374730 SH OTHER 3791780 582950 Inter-Tel Inc. COM 458372109 354 19000 SH OTHER 17000 2000 Iris Intl Inc COM 46270W105 7811 438840 SH OTHER 384840 54000 JDS Uniphase Corp. COM 46612J101 169 111114 SH OTHER 111114 Lecroy Corp. COM 52324W109 6188 450000 SH SOLE 450000 4159 302471 SH OTHER 260971 41500 Lightbridge Inc. COM 532226107 1313 210000 SH SOLE 210000 3108 497250 SH OTHER 460850 36400 Lionbridge Technologies COM 536252109 5409 797720 SH OTHER 728120 69600 MKS Instruments Inc. COM 55306N104 2365 140000 SH SOLE 140000 7901 467793 SH OTHER 397818 69975 MRO Software Inc. COM 55347W105 10811 740000 SH SOLE 740000 17798 1218225 SH OTHER 1059375 158850 Macrovision Corp. COM 555904101 4508 200000 SH SOLE 200000 19726 875172 SH OTHER 736167 139005 Mapinfo Corp. COM 565105103 8676 825500 SH SOLE 825500 8423 801434 SH OTHER 733359 68075 Medarex Inc. COM 583916101 12948 1560000 SH SOLE 1560000 30185 3636795 SH OTHER 3197845 438950 Micrel Inc. COM 594793101 2438 211600 SH OTHER 182500 29100 Micro Component Tech COM 59479Q100 27 135000 SH SOLE 135000 91 453212 SH OTHER 449712 3500 Mindspeed Tech COM 602682106 1375 1126666 SH SOLE 1126666 5983 4904365 SH OTHER 4295828 608537 Mobility Electronics COM 60741u101 2895 316400 SH OTHER 271500 44900 Molecular Devices COM 60851C107 8019 370218 SH OTHER 308718 61500 Mykrolis Corp. COM 62852P103 6089 428535 SH OTHER 372085 56450 National Instruments COM 636518102 2127 100310 SH OTHER 79235 21075 Neose Tech Inc. COM 640522108 4064 1290120 SH SOLE 1290120 7354 2334590 SH OTHER 2096940 237650 Netmanage Inc. COM 641144308 731 114285 SH SOLE 114285 2535 396045 SH OTHER 389992 6053 Network Equipment COM 641208103 1961 380000 SH SOLE 380000 6934 1343808 SH OTHER 1312203 31605 Neurocrine Biosciences COM 64125C109 7248 172330 SH OTHER 145480 26850 Nortel Network (New) COM 656568102 157 60000 SH SOLE 60000 291 111570 SH OTHER 111570 Nuvasive Inc COM 670704105 3324 200000 SH SOLE 200000 27293 1642184 SH OTHER 1394134 248050 Oplink Communications COM 68375Q106 6699 4060000 SH SOLE 4060000 7293 4420274 SH OTHER 3972274 448000 PLX Technology COM 693417107 12089 1189820 SH OTHER 1022020 167800 PMC-Sierra Inc. COM 69344F106 3266 350000 SH SOLE 350000 3986 427255 SH OTHER 391105 36150 Pemstar Inc. COM 706552196 10 10000 SH OTHER 10000 Plato Learning Inc. COM 72764Y100 2558 346642 SH OTHER 295395 51247 Power Integrations Inc. COM 739276103 8582 397850 SH OTHER 340525 57325 Previo Inc. COM 74138B105 7 110000 SH SOLE 110000 43 711479 SH OTHER 688729 22750 Quicklogic Corp. COM 74837P108 7081 1913650 SH SOLE 1913650 4674 1263200 SH OTHER 1178950 84250 Quidel Corp. COM 74838J101 1943 375000 SH SOLE 375000 10084 1946779 SH OTHER 1758679 188100 RAE Systems COM 75061P102 550 175650 SH OTHER 165650 10000 RF Monolithics Inc. COM 74955F106 2096 320000 SH SOLE 320000 1589 242600 SH OTHER 239100 3500 Redback Networks COM 757209507 14259 2235000 SH SOLE 2235000 30016 4704630 SH OTHER 4113115 591515 Safenet Inc. COM 78645R107 573 16834 SH OTHER 16834 Sangamo Biosciences COM 800677106 3931 1101000 SH SOLE 1101000 11201 3137475 SH OTHER 2794175 343300 Semtech Corp. COM 816850101 844 50675 SH OTHER 39075 11600 Serena Software Inc. COM 817492101 9253 479425 SH OTHER 408025 71400 Skyworks Solutions COM 83088M102 5859 795000 SH SOLE 795000 19720 2675684 SH OTHER 2317106 358578 SonoSite Inc. COM 83568G104 14278 460000 SH SOLE 460000 32159 1036035 SH OTHER 924810 111225 Stratex Networks Inc. COM 86279T109 6123 3560000 SH SOLE 3560000 14011 8145903 SH OTHER 7197203 948700 Superconductor Tech COM 867931107 1420 2185000 SH SOLE 2185000 2330 3584400 SH OTHER 3210400 374000 Symyx Technologies COM 87155S108 16228 580000 SH SOLE 580000 29947 1070284 SH OTHER 931129 139155 Techne Corp. COM 878377100 6979 152012 SH OTHER 132312 19700 Technology Solutions COM 87872T108 8 15000 SH SOLE 15000 76 140000 SH OTHER 140000 Tekelec COM 879101103 16536 984269 SH OTHER 827219 157050 Tellabs Inc. COM 879664100 679 78046 SH OTHER 69463 8583 Transgenomic Inc. COM 89365K206 2465 3625000 SH SOLE 3625000 3848 5659330 SH OTHER 4827630 831700 Trikon Technologies COM 896187408 689 400000 SH SOLE 400000 19 11000 SH OTHER 11000 Tripath Imaging Inc. COM 896942109 3424 400000 SH SOLE 400000 10984 1283150 SH OTHER 1121200 161950 Tut Systems Inc. COM 901103101 7703 2585000 SH SOLE 2585000 15572 5225638 SH OTHER 5016838 208800 Varian Medical Systems COM 92220P105 3110 83315 SH OTHER 73350 9965 Ventana Medical COM 92276H106 11667 290000 SH SOLE 290000 33052 821584 SH OTHER 729394 92190 Verilink Corp. COM 923432108 386 321653 SH SOLE 321653 1256 1046784 SH OTHER 1044203 2581 Verint Systems COM 92343x100 617 19200 SH OTHER 17950 1250 Verisign Inc. COM 92343E102 11360 395000 SH SOLE 395000 38497 1338560 SH OTHER 1159570 178990 Viasat Inc. COM 92552v100 546 26850 SH OTHER 25400 1450 Visual Networks COM 928444108 1540 1000000 SH SOLE 1000000 4089 2655350 SH OTHER 2340750 314600 Vital Images COM 92846N104 10052 560000 SH SOLE 560000 21234 1182965 SH OTHER 1029915 153050 Vitesse Semiconductor COM 928497106 5970 2870000 SH SOLE 2870000 6952 3342388 SH OTHER 2909138 433250 WJ Communications COM 929284107 4386 2549900 SH SOLE 2549900 13640 7929991 SH OTHER 7245841 684150 Zygo Corp. COM 989855101 6840 698000 SH SOLE 698000 14822 1512450 SH OTHER 1322650 189800 3M Company 88579Y101 3330 46060 SH OTHER 38690 7370 AT&T Co. 001957505 364 19100 SH OTHER 19100 Air Prod & Chem 009158106 276 4575 SH OTHER 4575 Allstate Corp. 020002101 378 6320 SH OTHER 6320 American Express 025816109 287 5395 SH OTHER 5395 American Int'l Group 026874107 256 4410 SH OTHER 4410 Amgen Inc. (Calif) 031162100 341 5645 SH OTHER 5645 Anadarko Petroleum 032511107 286 3480 SH OTHER 3480 Anheuser Busch 035229103 325 7100 SH OTHER 7100 Applied Materials Inc 038222105 271 16755 SH OTHER 16755 Baxter International 071813109 4253 114646 SH OTHER 96791 17855 Bemis Co Inc 081437105 270 10160 SH OTHER 10160 Best Buy Co. Inc. 086516101 296 4325 SH OTHER 4325 Black & Decker Corp. 091797100 418 4655 SH OTHER 4655 Boeing Company 097023105 384 5820 SH OTHER 5820 Cardinal Health 14149Y108 529 9195 SH OTHER 8775 420 Caterpillar Inc. 149123101 512 5370 SH OTHER 5125 245 Cendant Corp 151313103 283 12660 SH OTHER 12660 Cisco System Inc. 17275R102 531 27828 SH OTHER 27428 400 Citigroup Inc 172967101 4049 87580 SH OTHER 73665 13915 Coach Inc. 189754104 298 8880 SH OTHER 8880 Computer Sciences 205363104 303 6930 SH OTHER 6930 ConocoPhillips 20825C104 290 5045 SH OTHER 5045 Corning Inc. 219350105 296 17835 SH OTHER 17835 Dell Computer Corp 24702R101 278 7040 SH OTHER 7040 Dominion Res Inc. VA 25746U109 246 3350 SH OTHER 3350 Dow Chemical Co. 260543103 3764 84538 SH OTHER 71488 13050 Duke Energy 264399106 524 17610 SH OTHER 16670 940 Eastman Kodak Co. 277461109 644 23980 SH OTHER 22260 1720 Eaton Corporation 278058102 268 4480 SH OTHER 4480 Ebay Inc. 278642103 220 6650 SH OTHER 6650 Emerson Electric Co. 291011104 323 5160 SH OTHER 5160 Entergy Corp New 29364G103 4389 58093 SH OTHER 48758 9335 Equity Office Prop Tr 294741103 422 12760 SH OTHER 12760 Exxon Mobil 30231G102 4247 73900 SH OTHER 62100 11800 FPL Group Inc. 302571104 263 6260 SH OTHER 6260 Fannie Mae 313586109 247 4230 SH OTHER 4230 FedEx Corp. 31428X106 3615 44628 SH OTHER 37353 7275 First Data Corp. 319963104 371 9235 SH OTHER 9235 First Horizon Natl. 320517105 3927 93061 SH OTHER 78401 14660 General Electric Co. 369604103 339 9795 SH OTHER 9795 HCA Inc. 404119109 321 5665 SH OTHER 5665 Halliburton Company 406216101 391 8170 SH OTHER 8170 Harley Davidson Inc. 412822108 245 4940 SH OTHER 4940 Hershey Foods Corp. 427866108 296 4770 SH OTHER 4770 Home Depot Inc. 437076102 369 9485 SH OTHER 9165 320 Ingersoll-Rand G4776G101 233 3260 SH OTHER 3260 Intel Corp. 458140100 670 25736 SH OTHER 23836 1900 Intl. Business Machines 459200101 342 4605 SH OTHER 4605 Intuit Inc. 461202103 288 6380 SH OTHER 6380 Johnson & Johnson 478160104 4150 63839 SH OTHER 53699 10140 Johnson Controls Inc. 478366107 3969 70455 SH OTHER 59170 11285 Keyspan Corp. 49337W100 287 7040 SH OTHER 7040 Knight Ridder Inc. 499040103 439 7160 SH OTHER 7160 Lockheed Martin 539830109 280 4315 SH OTHER 4315 MBNA Corp. 55262L100 296 11325 SH OTHER 11325 Marriott Intl. Inc. 571903202 4469 65509 SH OTHER 54684 10825 Medtronic Inc. 585055106 705 13611 SH OTHER 12361 1250 Merck & Co. Inc. 589331107 330 10710 SH OTHER 10710 Merrill Lynch & Co. 590188108 712 12935 SH OTHER 12010 925 Metlife Inc. 59156R108 4339 96544 SH OTHER 80859 15685 Microsoft Corp. 594918104 827 33290 SH OTHER 30315 2975 Monsanto Co. 61166W101 279 4440 SH OTHER 4440 Motorola Inc. 620076109 4363 238924 SH OTHER 201464 37460 National Semicond 637640103 330 14965 SH OTHER 14965 Noble Corp. G65422100 332 5395 SH OTHER 5395 Nordstrom Inc. 655664100 862 12685 SH OTHER 11735 950 Northern Trust 665859104 304 6665 SH OTHER 6665 Nucor Corp 670346105 426 9340 SH OTHER 8750 590 Oracle Systems Corp 68389X105 258 19575 SH OTHER 19575 PNC Finl Svcs Group 693475105 364 6680 SH OTHER 6680 Pepsico Inc. 713448108 754 13980 SH OTHER 12840 1140 Pfizer Inc. 717081103 376 13650 SH OTHER 13650 Pitney Bowes Inc. 724479100 375 8600 SH OTHER 8600 Proctor & Gamble 742718109 3634 68885 SH OTHER 57755 11130 Progress Energy 743263105 355 7850 SH OTHER 7850 Progressive Corp 743315103 386 3910 SH OTHER 3910 Quest Diagnostics 74834L100 308 5785 SH OTHER 5785 S&P DRT Unit Ser 1 78462F103 232 1950 SH OTHER 1950 Sara Lee Corp. 803111103 343 17335 SH OTHER 17335 Solectron Corp 834182107 467 123165 SH OTHER 118395 4770 Southern Company 842587107 269 7750 SH OTHER 7750 Southwest Airlines Co 844741108 247 17705 SH OTHER 17705 St. Jude Medical Inc. 790849103 333 7630 SH OTHER 7630 Staples Inc 855030102 270 12675 SH OTHER 12675 Starbucks Corp 855244109 265 5125 SH OTHER 5125 State Street Corp. 857477103 307 6365 SH OTHER 6365 Sun Trust Banks Inc. 867914103 264 3650 SH OTHER 3650 Target Corp. 87612E106 344 6325 SH OTHER 6025 300 Texas Instruments Inc. 882508104 4216 150188 SH OTHER 126338 23850 Time Warner Inc. 887317105 249 14875 SH OTHER 14875 United Healthcare Corp. 91324P102 297 5695 SH OTHER 5695 Verizon Comm. 92343V104 247 7140 SH OTHER 7140 Wal-Mart Stores Inc. 931142103 352 7305 SH OTHER 7305 Walgreen Company 931422109 296 6430 SH OTHER 6430 Walt Disney 254687106 241 9587 SH OTHER 9587 Wells Fargo & Co. 949746101 522 8475 SH OTHER 8475 Weyerhaeuser Co. 962166104 350 5495 SH OTHER 5495 Whirlpool Corp 963320106 420 5985 SH OTHER 5985 Williams Companies 969457100 271 14250 SH OTHER 14250 Xerox Corp. 984121103 255 18500 SH OTHER 18500