13F-HR 1 k13f-033108.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: 03/31/08 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 04/30/08 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: 132 Form 13F Information Table Value Total: $ 491,374 (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 ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- S&P DRT Unit Ser 1 78462F103 693 5250 SH OTHER 5250 ADC Telecomm COM 000886309 7472 618571 SH DEFINED 618571 14543 1203917 SH OTHER 1179229 24689 Adept Tech Inc. COM 006854202 5372 624600 SH DEFINED 624600 5820 676690 SH OTHER 671490 5200 Angiodynamics COM 03475V101 6323 546981 SH OTHER 501120 45861 Array Biopharma Inc. COM 04269X105 2383 340000 SH DEFINED 340000 9096 1297635 SH OTHER 1155360 142275 Bookham Inc. COM 09856E105 274 200000 SH DEFINED 200000 879 641410 SH OTHER 612010 29400 Caliper Life Sciences COM 130872104 1500 400000 SH DEFINED 400000 8110 2162709 SH OTHER 1942409 220300 Callidus Software COM 13123E500 4403 915374 SH OTHER 826550 88824 Cell Genesys Inc. COM 150921104 4033 1716000 SH DEFINED 1716000 4698 1999138 SH OTHER 1921988 77150 Cepheid Inc. COM 15670R107 2128 87250 SH OTHER 86800 450 Comverge Inc. COM 205859101 4149 401625 SH OTHER 358700 42925 Conexant Systems COM 207142100 155 267674 SH OTHER 267674 Cybersource Corp. COM 23251j106 2606 178384 SH OTHER 166267 12117 Dexcom Inc. COM 252131107 106 25600 SH OTHER 25600 Durect Corp. COM 266605104 1680 320000 SH DEFINED 320000 10322 1966155 SH OTHER 1745030 221125 Emcore Corp. COM 290846104 11520 2000000 SH DEFINED 2000000 12886 2237174 SH OTHER 2102649 134525 Entertainment Distribution COM 29382J105 102 200000 SH DEFINED 200000 53 103000 SH OTHER 103000 Epicor Software Corp. COM 29426L108 16072 1435000 SH DEFINED 1435000 4120 367900 SH OTHER 364800 3100 Extreme Networks COM 30226D106 7443 2401050 SH OTHER 2126550 274500 Finisar Corp. COM 31787A101 2848 2225000 SH DEFINED 2225000 8107 6333560 SH OTHER 5759910 573650 Harmonic Inc. COM 413160102 4209 553810 SH OTHER 486910 66900 Harris Stratex Networks COM 41457P106 3222 321250 SH DEFINED 321250 6241 622192 SH OTHER 566367 55825 Harvard Bioscience COM 416906105 2500 500000 SH DEFINED 500000 2584 516780 SH OTHER 467480 49300 Indevus Pharmaceuticals COM 454072109 2517 527610 SH OTHER 460660 66950 Informatica Corp. COM 45666Q102 3438 201510 SH OTHER 182360 19150 Iris Intl Inc COM 46270W105 1327 100000 SH DEFINED 100000 12749 960760 SH OTHER 867810 92950 Isis Pharmaceuticals COM 464330109 4030 285580 SH OTHER 262730 22850 Medarex Inc. COM 583916101 8585 970000 SH DEFINED 970000 13717 1549915 SH OTHER 1435040 114875 Micro Component Tech COM 59479Q100 167 1665000 SH DEFINED 1665000 17 169612 SH OTHER 169612 Mindspeed Tech COM 602682106 562 1171666 SH DEFINED 1171666 278 578498 SH OTHER 563498 15000 Monogram Biosciences COM 60975U108 8834 8333900 SH OTHER 7440900 893000 Neose Tech Inc. COM 640522108 495 1775000 SH DEFINED 1775000 514 1845829 SH OTHER 1829829 16000 Network Equipment COM 641208103 10604 1614000 SH DEFINED 1614000 10631 1618045 SH OTHER 1505145 112900 Nuvasive Inc COM 670704105 449 13000 SH DEFINED 13000 15481 448603 SH OTHER 404648 43955 Oplink Communications COM 68375Q403 2661 300000 SH DEFINED 300000 2830 319066 SH OTHER 311810 7256 PLX Technology COM 693417107 3075 461000 SH DEFINED 461000 8268 1239650 SH OTHER 1117100 122550 PMC-Sierra Inc. COM 69344F106 741 130000 SH DEFINED 130000 228 40000 SH OTHER 40000 Phase Forward Inc. COM 71721R406 14409 843613 SH OTHER 759613 84000 Phoenix Technologies COM 719153108 4953 316255 SH OTHER 293280 22975 Power Integrations COM 739276103 205 7000 SH OTHER 7000 RAE Systems COM 75061P102 3936 2071586 SH DEFINED 2071586 10359 5452210 SH OTHER 5059760 392450 RF Micro Devices COM 749941100 31 11601 SH OTHER 11601 RF Monolithics Inc. COM 74955F106 60 25000 SH OTHER 25000 RTI Biologics, Inc. COM 74975N105 1890 200000 SH DEFINED 200000 16342 1729340 SH OTHER 1569950 159390 Regeneron Pharma COM 75886F107 768 40000 SH DEFINED 40000 13368 696610 SH OTHER 637460 59150 Sangamo Biosciences COM 800677106 12365 1217000 SH DEFINED 1217000 17918 1763550 SH OTHER 1648750 114800 SonoSite Inc. COM 83568G104 3581 125955 SH OTHER 110805 15150 SunPower Corp. COM 867652109 4303 57750 SH OTHER 52890 4860 Sunrise Telecom COM 86769Y105 312 215000 SH DEFINED 215000 171 118100 SH OTHER 99400 18700 Superconductor Tech COM 867931305 3618 807500 SH DEFINED 807500 1049 234200 SH OTHER 233200 1000 Synovis Life Tech COM 87162G105 539 34380 SH OTHER 34380 Tellabs Inc. COM 879664100 150 27501 SH OTHER 27501 Thoratec Corp. COM 885175307 5163 361280 SH OTHER 326430 34850 Transgenomic Inc. COM 89365K206 2233 4558000 SH DEFINED 4558000 2078 4240065 SH OTHER 4063665 176400 Verisign Inc. COM 92343E102 8197 246591 SH OTHER 210411 36180 Vital Images COM 92846N104 5347 360814 SH OTHER 332714 28100 Vitesse Semiconductor COM 928497106 4795 7156000 SH DEFINED 7156000 3661 5463650 SH OTHER 5364650 99000 WJ Communications COM 929284107 4590 4805900 SH DEFINED 4805900 5431 5686720 SH OTHER 5311670 375050 3M Company 88579Y101 2098 26502 SH OTHER 23422 3080 Aflac Incorporated 001055102 382 5880 SH OTHER 5880 Allstate Corp. 020002101 2001 41645 SH OTHER 36830 4815 American Express 025816109 1786 40840 SH OTHER 36355 4485 Amgen Inc. (Calif) 031162100 304 7265 SH OTHER 7265 Bankamerica Corp 060505104 1921 50670 SH OTHER 45260 5410 Baxter International 071813109 350 6060 SH OTHER 6060 Cardinal Health 14149Y108 287 5475 SH OTHER 5475 Caterpillar Inc. 149123101 2380 30396 SH OTHER 26901 3495 Computer Sciences 205363104 279 6850 SH OTHER 6850 ConocoPhillips 20825C104 336 4415 SH OTHER 4310 105 Constellation Energy 210371100 354 4005 SH OTHER 4005 Dow Chemical Co. 260543103 2061 55935 SH OTHER 49560 6375 Entergy Corp New 29364G103 2159 19794 SH OTHER 17619 2175 Exxon Mobil 30231G102 2312 27335 SH OTHER 24530 2805 FedEx Corp. 31428X106 2114 22811 SH OTHER 20136 2675 Fifth Third Bancorp 316773100 291 13915 SH OTHER 13915 Halliburton Company 406216101 2420 61538 SH OTHER 54853 6685 Hershey Foods Corp. 427866108 333 8840 SH OTHER 8840 Home Depot Inc. 437076102 1872 66925 SH OTHER 59360 7565 Intel Corp. 458140100 638 30105 SH OTHER 29701 404 Intl. Business Machines 459200101 353 3064 SH OTHER 3064 Johnson & Johnson 478160104 2227 34335 SH OTHER 30580 3755 Johnson Controls Inc. 478366107 2225 65839 SH OTHER 58899 6940 Marriott Intl. Inc. 571903202 1976 57499 SH OTHER 50969 6530 Medtronic Inc. 585055106 249 5151 SH OTHER 5151 Merrill Lynch & Co. 590188108 1374 33724 SH OTHER 29919 3805 Microsoft Corp. 594918104 476 16783 SH OTHER 16380 403 Motorola Inc. 620076109 1417 152347 SH OTHER 136867 15480 Nucor Corp 670346105 2193 32379 SH OTHER 28604 3775 Pepsico Inc. 713448108 2368 32800 SH OTHER 29025 3775 Pitney Bowes Inc. 724479100 316 9020 SH OTHER 9020 Procter & Gamble 742718109 2319 33095 SH OTHER 29645 3450 Simon Property Group 828806109 456 4905 SH OTHER 4905 Texas Instruments Inc. 882508104 295 10445 SH OTHER 10445 United Tech Corp. 913017109 347 5035 SH OTHER 5035 Verizon Comm 92343V104 2035 55820 SH OTHER 49465 6355 Wal-Mart Stores Inc. 931142103 375 7110 SH OTHER 6940 170 Walt Disney 254687106 336 10715 SH OTHER 10715 Weyerhaeuser Co. 962166104 337 5175 SH OTHER 5065 110 Whirlpool Corp 963320106 338 3890 SH OTHER 3890 Neose Tech 5 yr wts exer at $1 19 330667 SH OTHER 330667