Quoting belize1334:
Yeah, I figured since it's a new motor it shouldn't be valves (unless it's just a new block w/ the old head). Also, I could be wrong but I wouldn't figure that valves would smoke during shifts. I always thought that was more of a start-up thing.
It's more of a vacuum thing than a start-up thing. The seals sit above the floor of the head, so oil doesn't really seep past the seals when the car isn't running. Under vacuum while oil is being slung around in the head, it gets sucked into the combustion chambers. That is why cars with bad valve seals smoke so much after sitting at a stoplight.