13F-HR 1 k13f-093004.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: 09/30/04 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 10/27/04 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: 228 Form 13F Information Table Value Total: $ 1,688,419 (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 7222 3990000 SH SOLE 3990000 22100 12210148 SH OTHER 10595378 1614770 Actuate Corp. COM 00508B102 124 35000 SH SOLE 35000 3716 1052600 SH OTHER 854500 198100 Adept Tech Inc. COM 006854103 1101 770000 SH SOLE 770000 1779 1244330 SH OTHER 1214830 29500 Aeroflex Inc. COM 007768104 459 43450 SH OTHER 39700 3750 Agere Systems Cl B COM 00845V209 213 208352 SH OTHER 169600 38752 Alcatel ADR COM 013904305 230 19623 SH OTHER 19623 Anadigics Inc. COM 032515108 3420 1000000 SH SOLE 1000000 10695 3127324 SH OTHER 2572074 555250 Applied Micro Circuits COM 03822W109 1064 340000 SH SOLE 340000 3314 1058627 SH OTHER 987992 70635 Applied Microsystems COM 037935103 1 30000 SH SOLE 30000 5 257750 SH OTHER 241750 16000 Array Biopharma Inc. COM 04269X105 7724 1105000 SH SOLE 1105000 21011 3005849 SH OTHER 2580999 424850 Artesyn Technologies COM 043127109 3393 340000 SH SOLE 340000 8070 808590 SH OTHER 728890 79700 Arthrocare Corp. COM 043136100 10691 365000 SH SOLE 365000 23917 816550 SH OTHER 723700 92850 Artisan Components COM 042923102 7277 250000 SH SOLE 250000 7763 266670 SH OTHER 237070 29600 Biosite Inc. COM 090945106 7589 155000 SH SOLE 155000 28795 588138 SH OTHER 505068 83070 Brooks Automation Inc. COM 114340102 2830 200000 SH SOLE 200000 8334 588999 SH OTHER 535299 53700 Caliper Life Sciences COM 130872104 5062 720000 SH SOLE 720000 5720 813610 SH OTHER 773060 40550 Captaris Inc. COM 14071N104 3408 800000 SH SOLE 800000 1713 402200 SH OTHER 382300 19900 Captiva Software COM 14073T109 224 20000 SH SOLE 20000 369 33000 SH OTHER 33000 Cardiodynamics Intl COM 141597104 4692 1020000 SH SOLE 1020000 12205 2653175 SH OTHER 2290425 362750 Cell Genesys Inc. COM 150921104 3767 420000 SH SOLE 420000 8070 899630 SH OTHER 801930 97700 Centillium Comm COM 152319109 1428 600000 SH SOLE 600000 2740 1151350 SH OTHER 939000 212350 Cepheid Inc. COM 15670R107 5344 620000 SH SOLE 620000 21591 2504765 SH OTHER 2180665 324100 Charles River Labs COM 159864107 4551 99375 SH OTHER 84275 15100 Cholestech Corp. COM 170393102 1646 243540 SH OTHER 214040 29500 Closure Med Corp COM 189093107 2421 170000 SH SOLE 170000 8630 606045 SH OTHER 535105 70940 Cognos Inc. (Canada) COM 19244C109 18814 529685 SH OTHER 428310 101375 Computer Network COM 204925101 102 25100 SH OTHER 24700 400 Concord Comm Inc. COM 206186108 143 16000 SH OTHER 16000 Conexant Systems Inc. COM 207142100 3568 2230000 SH SOLE 2230000 7916 4947459 SH OTHER 4269459 678000 Curagen Corp. COM 23126R101 5208 947000 SH SOLE 947000 15406 2801157 SH OTHER 2466280 334877 Cyberoptics Corp. COM 232517102 3976 257500 SH SOLE 257500 8904 576655 SH OTHER 520505 56150 Depomed Inc. COM 249908104 4933 945000 SH SOLE 945000 18574 3558280 SH OTHER 3059980 498300 Digimarc Corp. COM 253807101 9176 1015000 SH SOLE 1015000 13125 1451833 SH OTHER 1293283 158550 Diversa Corp. COM 255064107 167 20000 SH SOLE 20000 13448 1610550 SH OTHER 1389050 221500 ELoyalty Corp. COM 290151307 150 25000 SH SOLE 25000 294 49000 SH OTHER 49000 EMC Corporation COM 268648102 627 54375 SH SOLE 54375 2508 217369 SH OTHER 202411 14958 EMS Technologies Inc. COM 26873N108 12912 748500 SH SOLE 748500 23227 1346501 SH OTHER 1145912 200589 Emcore Corp. COM 290846104 256 130000 SH OTHER 130000 Endocardial Solutions COM 292962107 25289 2185703 SH SOLE 2185703 22381 1934430 SH OTHER 1706430 228000 Entegris Inc. COM 29362U104 378 45270 SH OTHER 41470 3800 Enterasys Networks COM 293637104 9664 6040000 SH SOLE 6040000 22477 14048434 SH OTHER 12432234 1616200 Epicor Software Corp. COM 29426L108 31579 2625000 SH SOLE 2625000 33785 2808392 SH OTHER 2729692 78700 Finisar Corp. COM 31787A101 4095 3150000 SH SOLE 3150000 9284 7141904 SH OTHER 6185304 956600 Gen-Probe Inc. COM 36866T103 11961 300000 SH SOLE 300000 506 12700 SH OTHER 8300 4400 Glenayre Technologies COM 377899109 36 20000 SH SOLE 20000 1224 680000 SH OTHER 667500 12500 Harvard Bioscience COM 416906105 2938 675500 SH SOLE 675500 10331 2374925 SH OTHER 1932525 442400 Hypercom Corp. COM 44913M105 234 31750 SH OTHER 28450 3300 Hyperion Solutions COM 44914M104 13681 402510 SH SOLE 402510 14277 420030 SH OTHER 380537 39493 Inkine Pharmaceutical COM 457214104 7633 1502500 SH SOLE 1502500 23687 4662840 SH OTHER 3980365 682475 Inter-Tel Inc. COM 458372109 951 44000 SH OTHER 39000 5000 JDS Uniphase Corp. COM 46612J101 256 76000 SH SOLE 76000 22166 6577519 SH OTHER 5666455 911064 Kintera Inc. COM 49720P506 3473 367906 SH OTHER 315256 52650 Lattice Semiconductor COM 518415104 319 65000 SH OTHER 65000 Lecroy Corp. COM 52324W109 10026 600000 SH SOLE 600000 8716 521623 SH OTHER 450023 71600 Lightbridge Inc. COM 532226107 964 200000 SH SOLE 200000 3058 634509 SH OTHER 535609 98900 Lionbridge Technologies COM 536252109 3585 417300 SH OTHER 347300 70000 MKS Instruments Inc. COM 55306N104 3064 200000 SH SOLE 200000 9430 615547 SH OTHER 517732 97815 MRO Software Inc. COM 55347W105 6650 665000 SH SOLE 665000 13133 1313350 SH OTHER 1118200 195150 Macrovision Corp. COM 555904101 4816 200000 SH SOLE 200000 27914 1159215 SH OTHER 949760 209455 Manugistics Group Inc. COM 565011103 29 12000 SH OTHER 12000 Mapinfo Corp. COM 565105103 8915 825500 SH SOLE 825500 8580 794424 SH OTHER 732649 61775 Medarex Inc. COM 583916101 7380 1000000 SH SOLE 1000000 17610 2386175 SH OTHER 2040925 345250 Medicis Pharm Cl A COM 584690309 13288 340370 SH OTHER 277830 62540 Micrel Inc. COM 594793101 2738 263000 SH OTHER 217000 46000 Micro Component Tech COM 59479Q100 94 135000 SH SOLE 135000 456 651212 SH OTHER 641712 9500 Mindspeed Tech COM 602682106 2193 1096666 SH SOLE 1096666 7674 3837089 SH OTHER 3274613 562476 Molecular Devices COM 60851C107 12212 518118 SH OTHER 430918 87200 Mykrolis Corp. COM 62852P103 6447 640225 SH OTHER 549825 90400 National Instruments COM 636518102 5061 167195 SH OTHER 138470 28725 Neose Tech Inc. COM 640522108 9676 1290120 SH SOLE 1290120 14518 1935700 SH OTHER 1709700 226000 Netmanage Inc. COM 641144308 621 114285 SH SOLE 114285 2858 526401 SH OTHER 512204 14197 Network Equipment COM 641208103 4957 750000 SH SOLE 750000 10761 1627999 SH OTHER 1557524 70475 Nortel Network (New) COM 656568102 204 60000 SH SOLE 60000 2789 820240 SH OTHER 642040 178200 Oplink Communications COM 68375Q106 7178 4010000 SH SOLE 4010000 10140 5664774 SH OTHER 4907274 757500 PLX Technology COM 693417107 1839 255125 SH OTHER 194925 60200 PMC-Sierra Inc. COM 69344F106 3788 430000 SH SOLE 430000 5088 577540 SH OTHER 503890 73650 Pemstar Inc. COM 706552196 18 10000 SH OTHER 10000 Plato Learning Inc. COM 72764Y100 4950 560000 SH SOLE 560000 5627 636514 SH OTHER 508736 127778 Plexus Corporation COM 729132100 2208 200000 SH SOLE 200000 2059 186515 SH OTHER 149115 37400 Power Integrations Inc. COM 739276103 12036 589135 SH OTHER 509320 79815 Previo Inc. COM 74138B105 5 110000 SH SOLE 110000 36 722979 SH OTHER 688729 34250 Proxim Corporation COM 744283102 4545 5680920 SH SOLE 5680920 13130 16412061 SH OTHER 14214953 2197108 Quicklogic Corp. COM 74837P108 4473 1863650 SH SOLE 1863650 3576 1490050 SH OTHER 1313100 176950 Quidel Corp. COM 74838J101 2831 625000 SH SOLE 625000 10598 2339614 SH OTHER 2048264 291350 RF Monolithics Inc. COM 74955F106 2250 320000 SH SOLE 320000 1235 175700 SH OTHER 163300 12400 Redback Networks COM 757209507 5481 1050000 SH SOLE 1050000 22229 4258425 SH OTHER 3569825 688600 Remec Inc. COM 759543101 4969 1055000 SH SOLE 1055000 17433 3701175 SH OTHER 3266439 434736 Retek Inc. COM 76128Q109 4115 902430 SH SOLE 902430 14369 3150993 SH OTHER 2690448 460545 Safenet Inc. COM 78645R107 1121 42500 SH SOLE 42500 3325 126059 SH OTHER 124059 2000 Sangamo Biosciences COM 800677106 4388 901000 SH SOLE 901000 15973 3279786 SH OTHER 2927136 352650 Sanmina Corp. COM 800907107 1762 250000 SH SOLE 250000 2483 352150 SH OTHER 291050 61100 Semtech Corp. COM 816850101 1429 74525 SH OTHER 60675 13850 Serena Software Inc. COM 817492101 4182 250000 SH SOLE 250000 12298 735075 SH OTHER 614275 120800 Skyworks Solutions COM 83088M102 8959 945000 SH SOLE 945000 33007 3481759 SH OTHER 2945086 536673 SonoSite Inc. COM 83568G104 10420 400000 SH SOLE 400000 27195 1043955 SH OTHER 933680 110275 Stratex Networks Inc. COM 86279T109 6899 3080000 SH SOLE 3080000 19360 8642809 SH OTHER 7466223 1176586 Superconductor Tech COM 867931107 349 320000 SH SOLE 320000 4361 4000500 SH OTHER 3433400 567100 Symyx Technologies COM 87155S108 13659 580000 SH SOLE 580000 31636 1343345 SH OTHER 1156815 186530 Synaptics Inc. COM 87157D109 6552 325000 SH SOLE 325000 15146 751285 SH OTHER 648810 102475 Techne Corp. COM 878377100 11846 310257 SH OTHER 265377 44880 Technology Solutions COM 87872T108 13 15000 SH SOLE 15000 165 192200 SH OTHER 177200 15000 Tekelec COM 879101103 23421 1404109 SH OTHER 1152609 251500 Tellabs Inc. COM 879664100 3258 354552 SH OTHER 303190 51362 Thermo Electron Corp. COM 883556102 4867 180125 SH OTHER 143075 37050 Transgenomic Inc. COM 89365K206 3631 3130000 SH SOLE 3130000 5326 4591731 SH OTHER 3990963 600768 Trikon Technologies COM 896187408 951 450500 SH SOLE 450500 44 21000 SH OTHER 11000 10000 Tut Systems Inc. COM 901103101 4863 1775000 SH SOLE 1775000 9617 3509988 SH OTHER 3372988 137000 Varian Medical Systems COM 92220P105 4777 138180 SH OTHER 119030 19150 Vastera Inc. COM 92239N109 1646 930000 SH SOLE 930000 4300 2429170 SH OTHER 2112820 316350 Veeco Instruments COM 922417100 2097 100000 SH SOLE 100000 343 16350 SH OTHER 16350 Ventana Medical COM 92276H106 12862 255000 SH SOLE 255000 38912 771460 SH OTHER 656810 114650 Verilink Corp. COM 923432108 183 103273 SH SOLE 103273 478 269873 SH OTHER 258965 10908 Verint Systems COM 92343x100 823 22350 SH OTHER 20900 1450 Verisign Inc. COM 92343E102 7853 395000 SH SOLE 395000 39679 1995950 SH OTHER 1704250 291700 Verity Inc. COM 92343C106 2646 205400 SH SOLE 205400 8812 684145 SH OTHER 560120 124025 Visual Networks COM 928444108 1305 500000 SH SOLE 500000 5903 2261810 SH OTHER 1971660 290150 Vital Images COM 92846N104 4900 400000 SH SOLE 400000 10439 852160 SH OTHER 736760 115400 Vitesse Semiconductor COM 928497106 8135 2980000 SH SOLE 2980000 12054 4415418 SH OTHER 3758038 657380 WJ Communications COM 929284107 5368 2199900 SH SOLE 2199900 12730 5217350 SH OTHER 4825400 391950 Zygo Corp. COM 989855101 7395 730000 SH SOLE 730000 20087 1982940 SH OTHER 1691690 291250 3M Company 88579Y101 4609 57640 SH OTHER 47105 10535 Agilent Technologies 00846U101 3653 169358 SH OTHER 128908 40450 Analog Devices Inc. 032654105 5635 145300 SH OTHER 117800 27500 Cisco System Inc. 17275R102 1154 63757 SH OTHER 48037 15720 Citigroup Inc 172967101 475 10760 SH OTHER 9370 1390 Dow Chemical Co. 260543103 4868 107755 SH OTHER 87850 19905 Exxon Mobil 30231G102 437 9050 SH OTHER 7780 1270 FedEx Corp. 31428X106 4916 57365 SH OTHER 46590 10775 First Horizon Natl. 320517105 432 9955 SH OTHER 8525 1430 Home Depot Inc. 437076102 4914 125345 SH OTHER 101965 23380 Intel Corp. 458140100 630 31414 SH OTHER 27806 3608 Intl. Business Machines 459200101 2262 26380 SH OTHER 21375 5005 Marriott Intl. Inc. 571903202 5080 97765 SH OTHER 79465 18300 Medtronic Inc. 585055106 6312 121621 SH OTHER 102109 19512 Metlife Inc. 59156R108 439 11355 SH OTHER 9755 1600 Motorola Inc. 620076109 6940 384710 SH OTHER 306190 78520 Pfizer Inc. 717081103 5680 185625 SH OTHER 146825 38800 Proctor & Gamble 742718109 4582 84660 SH OTHER 68745 15915 Solectron Corp 834182107 84 16960 SH OTHER 16960