13F-HR 1 k13f-063006.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: 06/30/06 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 7/28/06 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: 224 Form 13F Information Table Value Total: $ 1,265,710 (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 13488 800000 SH SOLE 800000 20317 1205060 SH OTHER 901338 303722 Actuate Corp. COM 00508B102 162 40000 SH OTHER 40000 Adept Tech Inc. COM 006854202 5069 356961 SH SOLE 356961 8725 614461 SH OTHER 189361 425100 Aeroflex Inc. COM 007768104 228 19500 SH OTHER 19500 Array Biopharma Inc. COM 04269X105 10750 1250000 SH SOLE 1250000 22355 2599445 SH OTHER 1955495 643950 Arthrocare Corp. COM 043136100 4201 100000 SH SOLE 100000 19609 466775 SH OTHER 379725 87050 Bookham Inc. COM 09856E105 1008 300000 SH SOLE 300000 2965 882510 SH OTHER 753310 129200 Caliper Life Sciences COM 130872104 5489 1100000 SH SOLE 1100000 7848 1572780 SH OTHER 1125080 447700 Cell Genesys Inc. COM 150921104 10040 2000000 SH SOLE 2000000 19310 3846638 SH OTHER 2558138 1288500 Centillium Comm COM 152319109 4215 1500000 SH SOLE 1500000 2696 959300 SH OTHER 789800 169500 Cepheid Inc. COM 15670R107 5826 600000 SH SOLE 600000 18218 1876190 SH OTHER 1438990 437200 Cognos Inc. (Canada) COM 19244C109 6859 241078 SH OTHER 204628 36450 Conexant Systems COM 207142100 2092 836974 SH OTHER 478274 358700 Curagen Corp. COM 23126R101 2202 629000 SH OTHER 136000 493000 Cutera Inc. COM 232109108 3944 200000 SH SOLE 200000 4978 252450 SH OTHER 207275 45175 Cyberoptics Corp. COM 232517102 1104 85300 SH SOLE 85300 5131 396550 SH OTHER 270300 126250 Depomed Inc. COM 249908104 6457 1100000 SH SOLE 1100000 15925 2713020 SH OTHER 1972520 740500 Dexcom Inc. COM 252131107 3395 250000 SH SOLE 250000 12658 932100 SH OTHER 802800 129300 Digimarc Corp. COM 253807101 5620 910800 SH SOLE 910800 6221 1008193 SH OTHER 618793 389400 Diversa Corp. COM 255064107 12734 1318250 SH OTHER 1024150 294100 Durect Corp. COM 266605104 7084 1830605 SH OTHER 1634155 196450 E-Z-EM Inc. COM 269305405 4080 300000 SH SOLE 300000 6735 495215 SH OTHER 444965 50250 EMS Technologies Inc. COM 26873N108 11302 628934 SH OTHER 379409 249525 Emcore Corp. COM 290846104 5280 550000 SH SOLE 550000 14482 1508500 SH OTHER 706900 801600 Epicor Software Corp. COM 29426L108 13215 1255000 SH SOLE 1255000 29896 2839092 SH OTHER 808492 2030600 Finisar Corp. COM 31787A101 13080 4000000 SH SOLE 4000000 22563 6899955 SH OTHER 4939855 1960100 Gen-Probe Inc. COM 36866T103 5398 100000 SH SOLE 100000 464 8600 SH OTHER 6950 1650 Glenayre Technologies COM 377899109 1547 586000 SH OTHER 166000 420000 Harvard Bioscience COM 416906105 490 110000 SH SOLE 110000 7866 1767530 SH OTHER 1168530 599000 Hyperion Solutions COM 44914M104 9320 337687 SH OTHER 294507 43180 Informatica Corp. COM 45666Q102 12966 985235 SH OTHER 839535 145700 Iris Intl Inc COM 46270W105 3553 270000 SH SOLE 270000 7435 564965 SH OTHER 509165 55800 JDS Uniphase Corp. COM 46612J101 194 76864 SH OTHER 66864 10000 Lightbridge Inc. COM 532226107 4298 331900 SH OTHER 309000 22900 Lionbridge Tech COM 536252109 3786 684555 SH OTHER 620355 64200 MRO Software Inc. COM 55347W105 5820 290000 SH SOLE 290000 19157 954525 SH OTHER 810775 143750 Mapinfo Corp. COM 565105103 10440 800000 SH SOLE 800000 13176 1009684 SH OTHER 602984 406700 Medarex Inc. COM 583916101 14415 1500000 SH SOLE 1500000 35570 3701370 SH OTHER 2571070 1130300 Micrel Inc. COM 594793101 1511 150900 SH OTHER 125800 25100 Micro Component Tech COM 59479Q100 800 1568212 SH OTHER 79712 1488500 Mindspeed Tech COM 602682106 4820 2000000 SH SOLE 2000000 13531 5614546 SH OTHER 4080271 1534275 Neose Tech Inc. COM 640522108 10125 2500000 SH SOLE 2500000 16411 4052070 SH OTHER 2571920 1480150 Netmanage Inc. COM 641144308 1368 275223 SH OTHER 3223 272000 Network Equipment COM 641208103 3203 1020030 SH OTHER 102600 917430 Nuvasive Inc COM 670704105 9115 500000 SH SOLE 500000 26267 1440844 SH OTHER 1244684 196160 Oplink Communications COM 68375Q403 13733 750000 SH SOLE 750000 15333 837392 SH OTHER 464949 372443 PLX Technology COM 693417107 4888 400000 SH SOLE 400000 21401 1751285 SH OTHER 1428670 322615 PMC-Sierra Inc. COM 69344F106 2350 250000 SH SOLE 250000 4010 426555 SH OTHER 261705 164850 Pemstar Inc. COM 706552196 34 10000 SH OTHER 10000 Phase Forward Inc. COM 71721R406 8640 750000 SH SOLE 750000 23411 2032248 SH OTHER 1740048 292200 Previo Inc. COM 74138B105 1 11250 SH OTHER 11250 Quicklogic Corp. COM 74837P108 3860 789400 SH SOLE 789400 5589 1143000 SH OTHER 531800 611200 Quidel Corp. COM 74838J101 12317 1296489 SH OTHER 1032766 263723 RAE Systems COM 75061P102 4000 1000000 SH SOLE 1000000 13077 3269250 SH OTHER 2530650 738600 RF Monolithics Inc. COM 74955F106 1409 249800 SH OTHER 46300 203500 Redback Networks COM 757209507 22292 1215500 SH SOLE 1215500 53219 2901817 SH OTHER 2042928 858889 Regeneration Tech COM 75886n100 2304 360000 SH SOLE 360000 7673 1198940 SH OTHER 1069090 129850 Rita Medical Systems COM 76774E103 3460 1000000 SH SOLE 1000000 11189 3233820 SH OTHER 2830970 402850 Sangamo Biosciences COM 800677106 8850 1500000 SH SOLE 1500000 19272 3266495 SH OTHER 2172895 1093600 Semtech Corp. COM 816850101 478 33075 SH OTHER 28475 4600 Skyworks Solutions COM 83088M102 353 64000 SH OTHER 64000 SonoSite Inc. COM 83568G104 11712 300000 SH SOLE 300000 29282 750060 SH OTHER 583010 167050 Stratex Networks Inc. COM 86279T109 13560 4000000 SH SOLE 4000000 27173 8015514 SH OTHER 5682864 2332650 Sunrise Telecom COM 86769Y105 883 392350 SH OTHER 285850 106500 Superconductor Tech COM 867931305 1306 640000 SH SOLE 640000 3364 1649141 SH OTHER 726841 922300 Symmetricon Inc. COM 871543104 11756 1662835 SH OTHER 1455185 207650 Symyx Technologies COM 87155S108 16663 689980 SH OTHER 571555 118425 Techne Corp. COM 878377100 3734 73328 SH OTHER 64778 8550 Tekelec COM 879101103 9376 759169 SH OTHER 649269 109900 Tellabs Inc. COM 879664100 778 58486 SH OTHER 50468 8018 Transgenomic Inc. COM 89365K206 1578 3430000 SH SOLE 3430000 3090 6716555 SH OTHER 3883255 2833300 Tut Systems Inc. COM 901103101 7986 3300000 SH SOLE 3300000 19279 7966628 SH OTHER 4456528 3510100 Ventana Medical COM 92276H106 20179 427713 SH OTHER 368313 59400 Verint Systems COM 92343x100 2396 82075 SH OTHER 58950 23125 Verisign Inc. COM 92343E102 17162 740685 SH OTHER 613980 126705 Vital Images COM 92846N104 2470 100000 SH SOLE 100000 11707 473984 SH OTHER 414859 59125 Vitesse Semiconductor COM 928497106 5760 4000000 SH SOLE 4000000 8059 5596865 SH OTHER 3454965 2141900 WJ Communications COM 929284107 5180 3500000 SH SOLE 3500000 10948 7397441 SH OTHER 4566691 2830750 Zymogenetics Inc. COM 98985T109 3794 200000 SH SOLE 200000 17916 944440 SH OTHER 823090 121350 3M Company 88579Y101 3932 48679 SH OTHER 40377 8302 Aflac Incorporated 001055102 457 9865 SH OTHER 9765 100 Air Prod & Chem 009158106 306 4780 SH OTHER 4780 Allstate Corp. 020002101 3988 72862 SH OTHER 61072 11790 American Express 025816109 3794 71285 SH OTHER 59490 11795 American Int'l Group 026874107 270 4570 SH OTHER 4570 Amgen Inc. (Calif) 031162100 452 6935 SH OTHER 6775 160 Anadarko Petroleum 032511107 299 6280 SH OTHER 6280 Anheuser Busch 035229103 418 9170 SH OTHER 9170 Applied Materials Inc 038222105 275 16880 SH OTHER 16880 Bankamerica Corp 060505104 4207 87466 SH OTHER 73221 14245 Baxter International 071813109 3517 95666 SH OTHER 79931 15735 Bemis Co Inc 081437105 325 10620 SH OTHER 10620 Best Buy Co. Inc. 086516101 317 5777 SH OTHER 5777 Black & Decker Corp. 091797100 470 5565 SH OTHER 5505 60 Boeing Company 097023105 521 6360 SH OTHER 6290 70 Boston Scientific Corp. 101137107 227 13495 SH OTHER 13495 Cardinal Health 14149Y108 676 10505 SH OTHER 10010 495 Caterpillar Inc. 149123101 740 9935 SH OTHER 9485 450 Cendant Corp 151313103 216 13245 SH OTHER 13245 Cisco System Inc. 17275R102 408 20895 SH OTHER 20495 400 Citigroup Inc 172967101 416 8620 SH OTHER 8620 Coach Inc. 189754104 262 8760 SH OTHER 8760 Computer Sciences 205363104 298 6145 SH OTHER 6145 ConocoPhillips 20825C104 319 4870 SH OTHER 4870 Constellation Energy 210371100 650 11915 SH OTHER 11440 475 Corning Inc. 219350105 291 12015 SH OTHER 12015 Countrywide Financial 222372104 308 8100 SH OTHER 8100 Dominion Res Inc. VA 25746U109 268 3585 SH OTHER 3585 Dow Chemical Co. 260543103 3432 87920 SH OTHER 73876 14044 Eastman Kodak Co. 277461109 970 40784 SH OTHER 35804 4980 Eaton Corporation 278058102 352 4665 SH OTHER 4665 Ebay Inc. 278642103 204 6980 SH OTHER 6980 Emerson Electric Co. 291011104 424 5065 SH OTHER 5065 Entergy Corp New 29364G103 3635 51377 SH OTHER 43082 8295 Exxon Mobil 30231G102 3832 62455 SH OTHER 52675 9780 FedEx Corp. 31428X106 4335 37099 SH OTHER 31099 6000 Fifth Third Bancorp 316773100 552 14950 SH OTHER 14825 125 First Data Corp. 319963104 484 10750 SH OTHER 10635 115 General Electric Co. 369604103 353 10700 SH OTHER 10700 HCA Inc. 404119109 286 6630 SH OTHER 6630 Halliburton Company 406216101 541 7295 SH OTHER 7230 65 Harley Davidson Inc. 412822108 303 5525 SH OTHER 5525 Hershey Foods Corp. 427866108 340 6165 SH OTHER 6165 Home Depot Inc. 437076102 408 11410 SH OTHER 11290 120 Ingersoll-Rand G4776G101 292 6820 SH OTHER 6820 Intel Corp. 458140100 522 27481 SH OTHER 24581 2900 Intl. Business Machines 459200101 408 5305 SH OTHER 5245 60 Intuit Inc. 461202103 358 5920 SH OTHER 5920 Johnson & Johnson 478160104 3649 60893 SH OTHER 50728 10165 Johnson Controls Inc. 478366107 4542 55240 SH OTHER 46215 9025 Lilly Eli & Co. 532457108 380 6870 SH OTHER 6870 Lockheed Martin 539830109 314 4380 SH OTHER 4380 Marriott Intl. Inc. 571903202 4142 108653 SH OTHER 90633 18020 Medtronic Inc. 585055106 615 13101 SH OTHER 11801 1300 Merrill Lynch & Co. 590188108 1176 16900 SH OTHER 15070 1830 Microsoft Corp. 594918104 1032 44280 SH OTHER 38770 5510 Monsanto Co. 61166W101 320 3805 SH OTHER 3805 Motorola Inc. 620076109 3558 176575 SH OTHER 147785 28790 National Semicond 637640103 290 12140 SH OTHER 12140 Noble Corp. G65422100 334 4490 SH OTHER 4490 Nordstrom Inc. 655664100 1066 29205 SH OTHER 25830 3375 Northern Trust 665859104 339 6125 SH OTHER 6125 Nucor Corp 670346105 797 14685 SH OTHER 13775 910 Oracle Systems Corp 68389X105 295 20380 SH OTHER 20380 PNC Finl Svcs Group 693475105 322 4595 SH OTHER 4595 Pepsico Inc. 713448108 1116 18590 SH OTHER 16420 2170 Pfizer Inc. 717081103 348 14810 SH OTHER 14810 Pitney Bowes Inc. 724479100 469 11345 SH OTHER 11225 120 Procter & Gamble 742718109 3375 60700 SH OTHER 50935 9765 Progressive Corp 743315103 269 10480 SH OTHER 10480 Public Storage Inc. 74460d109 288 3790 SH OTHER 3790 Quest Diagnostics 74834L100 358 5980 SH OTHER 5980 S&P DRT Unit Ser 1 78462F103 482 3790 SH OTHER 2350 1440 Sara Lee Corp. 803111103 377 23505 SH OTHER 23505 Sempra Energy 816851109 282 6195 SH OTHER 6195 Simon Property Group 828806109 565 6815 SH OTHER 6755 60 Solectron Corp 834182107 579 169155 SH OTHER 160965 8190 Southern Company 842587107 283 8845 SH OTHER 8845 Southwest Airlines Co 844741108 301 18405 SH OTHER 18405 Sprint Nextel 852061100 251 12575 SH OTHER 12575 Staples Inc 855030102 308 12630 SH OTHER 12630 Starbucks Corp 855244109 327 8665 SH OTHER 8665 State Street Corp. 857477103 329 5660 SH OTHER 5660 Synovus Financial 87161C105 276 10290 SH OTHER 10290 Target Corp. 87612E106 298 6100 SH OTHER 5800 300 Texas Instruments Inc. 882508104 3671 121208 SH OTHER 101033 20175 Time Warner Inc. 887317105 266 15390 SH OTHER 15390 United Healthcare 91324P102 240 5365 SH OTHER 5365 Valero Energy 91913Y100 375 5630 SH OTHER 5630 Verizon Comm. 92343V104 503 15015 SH OTHER 14650 365 Wal-Mart Stores Inc. 931142103 483 10035 SH OTHER 9765 270 Walgreen Company 931422109 301 6705 SH OTHER 6705 Walt Disney 254687106 340 11330 SH OTHER 11330 Wells Fargo & Co. 949746101 452 6740 SH OTHER 6490 250 Weyerhaeuser Co. 962166104 432 6940 SH OTHER 6865 75 Whirlpool Corp 963320106 446 5395 SH OTHER 5395 Xcel Energy Inc. 98389B100 389 20290 SH OTHER 20290 Xerox Corp. 984121103 268 19290 SH OTHER 19290