13F-HR 1 k13f-093007.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: 09/30/07 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 10/29/07 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: 143 Form 13F Information Table Value Total: $ 729,993 (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 496 3250 SH OTHER 3250 ADC Telecomm COM 000886309 2002 102104 SH DEFINED 102104 10911 556412 SH OTHER 517052 39360 Accuray Inc. COM 004397105 423 24240 SH OTHER 23040 1200 Adept Tech Inc. COM 006854202 3313 575100 SH DEFINED 575100 3937 683514 SH OTHER 674514 9000 Angiodynamics COM 03475V101 4551 241417 SH OTHER 221671 19746 Array Biopharma Inc. COM 04269X105 3818 340000 SH DEFINED 340000 14927 1329165 SH OTHER 1172915 156250 Arthrocare Corp. COM 043136100 252 4500 SH OTHER 4500 Authorize.net Hldgs COM 052686102 3098 175745 SH OTHER 165495 10250 Bookham Inc. COM 09856E105 427 160000 SH DEFINED 160000 2487 931310 SH OTHER 841760 89550 Caliper Life Sciences COM 130872104 2296 400000 SH DEFINED 400000 13784 2401309 SH OTHER 2105059 296250 Callidus Software COM 13123E500 5787 672850 SH OTHER 615250 57600 Cell Genesys Inc. COM 150921104 5409 1416000 SH DEFINED 1416000 9692 2537288 SH OTHER 2412438 124850 Cepheid Inc. COM 15670R107 3420 150000 SH DEFINED 150000 2901 127250 SH OTHER 125950 1300 Cognos Inc. (Canada) COM 19244C109 2521 60708 SH OTHER 53608 7100 Conexant Systems COM 207142100 496 413674 SH OTHER 393674 20000 Curagen Corp. COM 23126R101 28 20000 SH OTHER 20000 Cutera Inc. COM 232109108 524 20000 SH DEFINED 20000 4413 168355 SH OTHER 152830 15525 Cyberoptics Corp. COM 232517102 441 35850 SH OTHER 32150 3700 Dexcom Inc. COM 252131107 2517 251725 SH OTHER 213525 38200 Durect Corp. COM 266605104 1754 320000 SH DEFINED 320000 13879 2532660 SH OTHER 2211610 321050 E-Z-EM Inc. COM 269305405 4684 288040 SH OTHER 272790 15250 Emcore Corp. COM 290846104 16138 1681000 SH DEFINED 1681000 25869 2694725 SH OTHER 2485775 208950 Entertainment Distribution COM 29382J105 256 200000 SH DEFINED 200000 134 105000 SH OTHER 105000 Epicor Software Corp. COM 29426L108 26370 1915000 SH DEFINED 1915000 11459 832207 SH OTHER 769632 62575 Extreme Networks COM 30226D106 10739 2796700 SH OTHER 2418600 378100 Finisar Corp. COM 31787A101 6118 2185000 SH DEFINED 2185000 14390 5139188 SH OTHER 4680293 458895 Harmonic Inc. COM 413160102 7050 664480 SH OTHER 571480 93000 Harris Stratex Networks COM 41457P106 5612 321250 SH DEFINED 321250 14570 834001 SH OTHER 749639 84362 Harvard Bioscience COM 416906105 2250 500000 SH DEFINED 500000 2904 645380 SH OTHER 569130 76250 Informatica Corp. COM 45666Q102 7576 482535 SH OTHER 426285 56250 Iris Intl Inc COM 46270W105 1920 100000 SH DEFINED 100000 21023 1094945 SH OTHER 972370 122575 Medarex Inc. COM 583916101 16355 1155000 SH DEFINED 1155000 24404 1723470 SH OTHER 1573070 150400 Micro Component Tech COM 59479Q100 416 1665000 SH DEFINED 1665000 43 173112 SH OTHER 169612 3500 Mindspeed Tech COM 602682106 2027 1171666 SH DEFINED 1171666 4109 2375175 SH OTHER 2164510 210665 Monogram Biosciences COM 60975U108 9618 6725900 SH OTHER 5882500 843400 Neose Tech Inc. COM 640522108 2687 1745000 SH DEFINED 1745000 4636 3010097 SH OTHER 2811297 198800 Network Equipment COM 641208103 16516 1139000 SH DEFINED 1139000 5619 387500 SH OTHER 378500 9000 Northstar Neuroscience COM 66704V101 558 50000 SH DEFINED 50000 4255 381300 SH OTHER 345250 36050 Nuvasive Inc COM 670704105 862 24000 SH DEFINED 24000 23719 660154 SH OTHER 586560 73594 Oplink Communications COM 68375Q403 4408 322711 SH DEFINED 322711 3698 270681 SH OTHER 261269 9412 PLX Technology COM 693417107 4979 461000 SH DEFINED 461000 15089 1397170 SH OTHER 1234995 162175 PMC-Sierra Inc. COM 69344F106 1091 130000 SH DEFINED 130000 336 40000 SH OTHER 40000 Phase Forward Inc. COM 71721R406 21908 1094873 SH OTHER 967673 127200 Possis Corp. COM 737407106 648 47856 SH OTHER 44356 3500 Power Integrations COM 739276103 208 7000 SH OTHER 7000 RAE Systems COM 75061P102 6043 1825586 SH DEFINED 1825586 19559 5909160 SH OTHER 5391110 518050 RF Monolithics Inc. COM 74955F106 183 30000 SH OTHER 30000 Regeneration Tech COM 75886n100 2144 200000 SH DEFINED 200000 20002 1865865 SH OTHER 1674875 190990 Regeneron Pharma COM 75886F107 712 40000 SH DEFINED 40000 14091 791610 SH OTHER 709485 82125 RightNow Tech COM 76657R106 2745 170625 SH OTHER 145900 24725 Sangamo Biosciences COM 800677106 16960 1202000 SH DEFINED 1202000 30454 2158348 SH OTHER 1974698 183650 Sirenza Microdevices COM 82966T106 3988 230625 SH OTHER 200675 29950 SonoSite Inc. COM 83568G104 5471 179260 SH OTHER 157835 21425 Sunrise Telecom COM 86769Y105 474 225500 SH DEFINED 225500 373 177600 SH OTHER 146900 30700 Superconductor Tech COM 867931305 5776 827500 SH DEFINED 827500 1795 257100 SH OTHER 256300 800 Symmetricom Inc. COM 871543104 8199 1744545 SH OTHER 1516645 227900 Synovis Life Tech COM 87162G105 946 43880 SH OTHER 41380 2500 Tekelec COM 879101103 137 11325 SH OTHER 11325 Tellabs Inc. COM 879664100 424 44581 SH OTHER 44581 Thoratec Corp. COM 885175307 6316 305255 SH OTHER 270705 34550 Transgenomic Inc. COM 89365K206 3081 4279000 SH DEFINED 4279000 3342 4641590 SH OTHER 4336590 305000 Verisign Inc. COM 92343E102 12226 362372 SH OTHER 302542 59830 Vital Images COM 92846N104 8521 436509 SH OTHER 395159 41350 Vitesse Semiconductor COM 928497106 5041 5251000 SH DEFINED 5251000 5345 5567940 SH OTHER 5352940 215000 WJ Communications COM 929284107 3756 2888900 SH DEFINED 2888900 6764 5202820 SH OTHER 4746470 456350 Zymogenetics Inc. COM 98985T109 5618 430490 SH OTHER 385990 44500 3M Company 88579Y101 2807 29992 SH OTHER 25802 4190 Aflac Incorporated 001055102 438 7675 SH OTHER 7675 Allstate Corp. 020002101 2616 45735 SH OTHER 39510 6225 American Express 025816109 2568 43250 SH OTHER 37130 6120 Amgen Inc. (Calif) 031162100 443 7825 SH OTHER 7650 175 Bankamerica Corp 060505104 2695 53619 SH OTHER 46629 6990 Baxter International 071813109 441 7840 SH OTHER 7840 Cardinal Health 14149Y108 342 5475 SH OTHER 5475 Caterpillar Inc. 149123101 2657 33871 SH OTHER 29101 4770 Computer Sciences 205363104 389 6965 SH OTHER 6965 ConocoPhillips 20825C104 410 4675 SH OTHER 4570 105 Constellation Energy 210371100 411 4785 SH OTHER 4785 Dow Chemical Co. 260543103 2731 63420 SH OTHER 54970 8450 Entergy Corp New 29364G103 2582 23839 SH OTHER 20424 3415 Exxon Mobil 30231G102 3018 32607 SH OTHER 28382 4225 FedEx Corp. 31428X106 2547 24311 SH OTHER 20796 3515 Fifth Third Bancorp 316773100 418 12350 SH OTHER 12350 Halliburton Company 406216101 2603 67798 SH OTHER 59123 8675 Hershey Foods Corp. 427866108 371 8004 SH OTHER 8004 Home Depot Inc. 437076102 2117 65250 SH OTHER 56590 8660 Intel Corp. 458140100 799 30896 SH OTHER 30496 400 Intl. Business Machines 459200101 460 3904 SH OTHER 3904 Johnson & Johnson 478160104 2762 42035 SH OTHER 36090 5945 Johnson Controls Inc. 478366107 2928 24791 SH OTHER 21619 3172 Marriott Intl. Inc. 571903202 2623 60349 SH OTHER 52194 8155 Medtronic Inc. 585055106 305 5411 SH OTHER 5411 Merrill Lynch & Co. 590188108 2011 28219 SH OTHER 24324 3895 Microsoft Corp. 594918104 548 18615 SH OTHER 18215 400 Motorola Inc. 620076109 2736 147643 SH OTHER 128283 19360 Nucor Corp 670346105 2328 39149 SH OTHER 33839 5310 Pepsico Inc. 713448108 2695 36789 SH OTHER 31565 5224 Pitney Bowes Inc. 724479100 403 8865 SH OTHER 8865 Procter & Gamble 742718109 2929 41635 SH OTHER 35985 5650 Simon Property Group 828806109 524 5235 SH OTHER 5235 Texas Instruments Inc. 882508104 425 11620 SH OTHER 11620 United Tech Corp. 913017109 456 5665 SH OTHER 5665 Verizon Comm. 92343V104 2706 61100 SH OTHER 52635 8465 Wal-Mart Stores Inc. 931142103 345 7905 SH OTHER 7735 170 Walt Disney 254687106 405 11785 SH OTHER 11785 Weyerhaeuser Co. 962166104 382 5290 SH OTHER 5180 110 Whirlpool Corp 963320106 357 4005 SH OTHER 3985 20 Neose Tech 5 yr wts exer at $1 22 394984 SH OTHER 394984