13F-HR 1 k13f-033104.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: 03/31/04 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 04/22/04 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: 226 Form 13F Information Table Value Total: $ 2,257,849 (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 ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- 3 Com Corporation COM 885535104 384 54383 SH OTHER 49883 4500 ADC Telecomm COM 000886101 14616 5040000 SH SOLE 5040000 38596 13308852 SH OTHER 9423707 3885145 Actuate Corp. COM 00508B102 113 35000 SH SOLE 35000 3668 1135550 SH OTHER 825880 309670 Adept Tech Inc. COM 006854103 663 705000 SH SOLE 705000 468 497530 SH OTHER 309330 188200 Advanced Fibre Comm COM 00754A105 3976 180000 SH SOLE 180000 37058 1677612 SH OTHER 1265082 412530 Aeroflex Inc. COM 007768104 670 49750 SH OTHER 43000 6750 Agere Systems Cl B COM 00845V209 7135 2286852 SH OTHER 1689300 597552 Agilent Technologies COM 00846U101 5966 188633 SH OTHER 141533 47100 Alcatel ADR COM 013904305 311 19623 SH OTHER 19623 Anadigics Inc. COM 032515108 6220 1000000 SH SOLE 1000000 21330 3429255 SH OTHER 2507819 921436 Analog Devices Inc. COM 032654105 8525 177575 SH OTHER 125475 52100 Applied Micro Circuits COM 03822W109 3083 540000 SH SOLE 540000 10272 1798954 SH OTHER 1356540 442414 Applied Microsystems COM 037935103 0 30000 SH SOLE 30000 3 272750 SH OTHER 109750 163000 Array Biopharma Inc. COM 04269X105 9945 1105000 SH SOLE 1105000 27965 3107169 SH OTHER 2263316 843853 Artesyn Technologies COM 043127109 3237 340000 SH SOLE 340000 7973 837540 SH OTHER 689740 147800 Arthrocare Corp. COM 043136100 8486 365000 SH SOLE 365000 16098 692385 SH OTHER 537584 154801 Artisan Components COM 042923102 5572 250000 SH SOLE 250000 7210 323445 SH OTHER 262095 61350 Biosite Inc. COM 090945106 6394 200000 SH SOLE 200000 23472 734181 SH OTHER 566461 167720 Brooks Automation Inc. COM 114340102 4208 200000 SH SOLE 200000 13551 644074 SH OTHER 425824 218250 Caliper Life Sciences COM 130872104 4485 650000 SH SOLE 650000 5029 728910 SH OTHER 591710 137200 Captaris Inc. COM 14071N104 4400 800000 SH SOLE 800000 2421 440200 SH OTHER 385800 54400 Captiva Software COM 14073T109 277 20000 SH SOLE 20000 457 33000 SH OTHER 28000 5000 Cardiodynamics Intl COM 141597104 6320 1000000 SH SOLE 1000000 14365 2272950 SH OTHER 1736250 536700 Cell Genesys Inc. COM 150921104 4816 400000 SH SOLE 400000 6758 561330 SH OTHER 381380 179950 Centillium Comm COM 152319109 2712 600000 SH SOLE 600000 5603 1239550 SH OTHER 928000 311550 Cepheid Inc. COM 15670R107 5586 600000 SH SOLE 600000 17731 1904490 SH OTHER 1395440 509050 Charles River Labs COM 159864107 10855 253325 SH OTHER 186425 66900 Cholestech Corp. COM 170393102 2824 320940 SH OTHER 286040 34900 Cima Labs Inc. COM 171796105 3168 100800 SH OTHER 300 100500 Cisco System Inc. COM 17275R102 1647 69866 SH OTHER 44630 25236 Closure Med Corp COM 189093107 4675 170000 SH SOLE 170000 10060 365820 SH OTHER 291105 74715 Cognos Inc. (Canada) COM 19244C109 20421 657475 SH OTHER 484590 172885 Computer Network COM 204925101 441 55000 SH SOLE 55000 4458 555800 SH OTHER 320400 235400 Concord Comm Inc. COM 206186108 307 21000 SH OTHER 21000 Conexant Systems Inc. COM 207142100 13670 2230000 SH SOLE 2230000 33272 5427784 SH OTHER 4313034 1114750 Curagen Corp. COM 23126R101 5909 947000 SH SOLE 947000 18117 2903307 SH OTHER 2170319 732988 Cyberoptics Corp. COM 232517102 4735 262500 SH SOLE 262500 12808 709956 SH OTHER 482156 227800 Depomed Inc. COM 249908104 7243 925000 SH SOLE 925000 21623 2761530 SH OTHER 1926230 835300 Digimarc Corp. COM 253807101 12556 1015000 SH SOLE 1015000 19628 1586758 SH OTHER 1151558 435200 ELoyalty Corp. COM 290151307 172 25000 SH SOLE 25000 337 49000 SH OTHER 23000 26000 EMC Corporation COM 268648102 8226 604375 SH SOLE 604375 6214 456542 SH OTHER 393843 62699 EMS Technologies Inc. COM 26873N108 14341 748500 SH SOLE 748500 26595 1388026 SH OTHER 1029912 358114 Emcore Corp. COM 290846104 529 130000 SH OTHER 10000 120000 Endocardial Solutions COM 292962107 18929 2180703 SH SOLE 2180703 12039 1386930 SH OTHER 937330 449600 Entegris Inc. COM 29362U104 497 39150 SH OTHER 36350 2800 Enterasys Networks COM 293637104 14826 5860000 SH SOLE 5860000 27139 10726689 SH OTHER 7232789 3493900 Epicor Software Corp. COM 29426L108 35256 2675000 SH SOLE 2675000 37563 2849992 SH OTHER 1153092 1696900 Finisar Corp. COM 31787A101 6696 3100000 SH SOLE 3100000 15747 7290104 SH OTHER 5568304 1721800 Gen-Probe Inc. COM 36866T103 10005 300000 SH SOLE 300000 489 14650 SH OTHER 9100 5550 Gene Logic Inc. COM 368689105 268 53100 SH OTHER 3100 50000 Glenayre Technologies COM 377899109 45 20000 SH SOLE 20000 1530 680000 SH OTHER 202500 477500 Harvard Bioscience COM 416906105 5585 602500 SH SOLE 602500 21139 2280361 SH OTHER 1662161 618200 Hyperion Solutions COM 44914M104 18611 449001 SH SOLE 449001 19583 472450 SH OTHER 369660 102790 Inkine Pharmaceutical COM 457214104 7798 1502500 SH SOLE 1502500 24703 4759740 SH OTHER 3630140 1129600 Intel Corp. COM 458140100 872 32064 SH OTHER 27956 4108 Inter-Tel Inc. COM 458372109 1958 65000 SH OTHER 60000 5000 Interpore Intl. COM 46062W107 3092 215000 SH SOLE 215000 10724 745769 SH OTHER 539669 206100 Intl. Business Machines COM 459200101 2644 28785 SH OTHER 19010 9775 Itron Inc. COM 465741106 8564 460209 SH OTHER 289275 170934 Ivax Corp. COM 465823102 5787 254160 SH OTHER 181760 72400 JDS Uniphase Corp. COM 46612J101 8856 2176000 SH SOLE 2176000 38089 9358442 SH OTHER 5611118 3747324 Kroll Inc. COM 501049100 8258 307574 SH OTHER 228074 79500 Larscom Inc. New COM 51729Y207 463 93571 SH SOLE 93571 1119 226074 SH OTHER 114291 111783 Lattice Semiconductor COM 518415104 4549 521080 SH OTHER 397400 123680 Lecroy Corp. COM 52324W109 12702 611274 SH SOLE 611274 11334 545451 SH OTHER 445301 100150 Lightbridge Inc. COM 532226107 2035 345000 SH SOLE 345000 6017 1019838 SH OTHER 690593 329245 Lionbridge Technologies COM 536252109 3661 376300 SH OTHER 302150 74150 MKS Instruments Inc. COM 55306N104 4802 200000 SH SOLE 200000 15771 656850 SH OTHER 508633 148217 MRO Software Inc. COM 55347W105 8018 690000 SH SOLE 690000 16605 1428975 SH OTHER 1127138 301837 Macrovision Corp. COM 555904101 3778 200000 SH SOLE 200000 24266 1284580 SH OTHER 965045 319535 Manugistics Group Inc. COM 565011103 82 12000 SH OTHER 12000 Mapinfo Corp. COM 565105103 10575 825500 SH SOLE 825500 9684 755934 SH OTHER 526809 229125 Medarex Inc. COM 583916101 8970 1000000 SH SOLE 1000000 12229 1363300 SH OTHER 1014200 349100 Medicis Pharm Cl A COM 584690309 17193 429835 SH OTHER 320845 108990 Medtronic Inc. COM 585055106 7473 156497 SH OTHER 126196 30301 Micrel Inc. COM 594793101 3023 225900 SH OTHER 185000 40900 Micro Component Tech COM 59479Q100 189 135000 SH SOLE 135000 919 656212 SH OTHER 216712 439500 Mindspeed Tech COM 602682106 7161 1096666 SH SOLE 1096666 22442 3436783 SH OTHER 2772235 664548 Molecular Devices COM 60851C107 12502 663573 SH OTHER 513017 150556 Motorola Inc. COM 620076109 9515 540646 SH OTHER 390410 150236 Mykrolis Corp. COM 62852P103 10096 708000 SH OTHER 551500 156500 National Instruments COM 636518102 5911 187845 SH OTHER 151870 35975 Neose Tech Inc. COM 640522108 12127 1290120 SH SOLE 1290120 19346 2058134 SH OTHER 1548484 509650 Netmanage Inc. COM 641144308 1103 114285 SH SOLE 114285 5185 537315 SH OTHER 247977 289338 Network Equipment COM 641208103 7485 750000 SH SOLE 750000 16563 1659604 SH OTHER 830204 829400 Nortel Network (New) COM 656568102 356 60000 SH SOLE 60000 6459 1087390 SH OTHER 677740 409650 Oplink Communications COM 68375Q106 9985 4010000 SH SOLE 4010000 15840 6361424 SH OTHER 3729231 2632193 PLX Technology COM 693417107 3436 319000 SH OTHER 214150 104850 PMC-Sierra Inc. COM 69344F106 7297 430000 SH SOLE 430000 10176 599660 SH OTHER 438960 160700 Pemstar Inc. COM 706552196 36 10000 SH OTHER 10000 Peoplesoft Inc. COM 712713106 2990 161725 SH OTHER 117625 44100 Pfizer Inc. COM 717081103 6704 191275 SH OTHER 142175 49100 Plato Learning Inc. COM 72764Y100 5746 570000 SH SOLE 570000 7162 710527 SH OTHER 550986 159541 Plexus Corporation COM 729132100 3558 200000 SH SOLE 200000 3586 201575 SH OTHER 142475 59100 Power Integrations Inc. COM 739276103 17692 605055 SH OTHER 489290 115765 Previo Inc. COM 74138B105 18 110000 SH SOLE 110000 121 732979 SH OTHER 262229 470750 Proxim Corporation COM 744283102 10055 5680920 SH SOLE 5680920 30598 17287158 SH OTHER 12183350 5103808 Quicklogic Corp. COM 74837P108 7099 1863650 SH SOLE 1863650 5274 1384550 SH OTHER 749700 634850 Quidel Corp. COM 74838J101 4415 670000 SH SOLE 670000 17229 2614375 SH OTHER 1917639 696736 RF Monolithics Inc. COM 74955F106 3382 320000 SH SOLE 320000 1915 181200 SH OTHER 69800 111400 Remec Inc. COM 759543101 8018 1055000 SH SOLE 1055000 29475 3878325 SH OTHER 2789064 1089261 Retek Inc. COM 76128Q109 6822 902430 SH SOLE 902430 25683 3397176 SH OTHER 2455343 941833 Safenet Inc. COM 78645R107 4599 122500 SH SOLE 122500 5130 136659 SH OTHER 48159 88500 Sangamo Biosciences COM 800677106 5568 901000 SH SOLE 901000 21082 3411336 SH OTHER 2452586 958750 Sanmina Corp. COM 800907107 2760 250000 SH SOLE 250000 6526 591150 SH OTHER 397450 193700 Semtech Corp. COM 816850101 2374 104000 SH OTHER 86950 17050 Serena Software Inc. COM 817492101 5087 250000 SH SOLE 250000 16240 798050 SH OTHER 616125 181925 Skyworks Solutions COM 83088M102 11028 945000 SH SOLE 945000 43536 3730568 SH OTHER 2901467 829101 SonoSite Inc. COM 83568G104 8524 400000 SH SOLE 400000 23688 1111585 SH OTHER 847485 264100 Stratex Networks Inc. COM 86279T109 15010 3160000 SH SOLE 3160000 41222 8678229 SH OTHER 6173356 2504873 Superconductor Tech COM 867931107 736 320000 SH SOLE 320000 2783 1210150 SH OTHER 842750 367400 Symyx Technologies COM 87155S108 16646 580000 SH SOLE 580000 42508 1481120 SH OTHER 1105040 376080 Synaptics Inc. COM 87157D109 5876 335000 SH SOLE 335000 18030 1027910 SH OTHER 803910 224000 Techne Corp. COM 878377100 15289 374825 SH OTHER 299125 75700 Technology Solutions COM 87872T108 16 15000 SH SOLE 15000 238 216200 SH OTHER 61200 155000 Tekelec COM 879101103 29137 1756318 SH OTHER 1335918 420400 Tellabs Inc. COM 879664100 5025 580263 SH OTHER 453686 126577 Teradyne Inc. COM 880770102 5778 242450 SH OTHER 182550 59900 Therasense Inc. COM 883381105 5405 200500 SH OTHER 15000 185500 Thermo Electron Corp. COM 883556102 5905 208800 SH OTHER 143200 65600 Transgenomic Inc. COM 89365K206 6135 3130000 SH SOLE 3130000 8377 4273798 SH OTHER 2965080 1308718 Trikon Technologies COM 896187408 1442 450500 SH SOLE 450500 67 21000 SH OTHER 6000 15000 Tut Systems Inc. COM 901103101 7669 1755000 SH SOLE 1755000 14813 3389788 SH OTHER 1928288 1461500 Varian Medical Systems COM 92220P105 7661 88765 SH OTHER 64040 24725 Vastera Inc. COM 92239N109 3977 1025000 SH SOLE 1025000 10895 2808100 SH OTHER 2168125 639975 Veeco Instruments COM 922417100 4209 150000 SH SOLE 150000 1031 36750 SH OTHER 29050 7700 Ventana Medical COM 92276H106 17818 435000 SH SOLE 435000 44662 1090375 SH OTHER 799650 290725 Verint Systems COM 92343x100 726 23500 SH OTHER 22000 1500 Verisign Inc. COM 92343E102 6553 395000 SH SOLE 395000 33071 1993400 SH OTHER 1471650 521750 Verity Inc. COM 92343C106 2808 205400 SH SOLE 205400 10369 758520 SH OTHER 575570 182950 Visual Networks COM 928444108 1665 500000 SH SOLE 500000 4992 1499060 SH OTHER 1261360 237700 Vital Images COM 92846N104 4032 400000 SH SOLE 400000 6187 613760 SH OTHER 434460 179300 Vitesse Semiconductor COM 928497106 21158 2980000 SH SOLE 2980000 31520 4439478 SH OTHER 3486398 953080 WJ Communications COM 929284107 7955 2149900 SH SOLE 2149900 11838 3199500 SH OTHER 1408750 1790750 Zoll Medical Corp. COM 989922109 417 10500 SH OTHER 8500 2000 Zygo Corp. COM 989855101 11410 730000 SH SOLE 730000 32370 2071007 SH OTHER 1511007 560000