Wow, that would be one big air bubble!
Did you take the termostat houseing off and pour the coolant through there to fill the engine?
Have you turned on the heater to high temp? It could be the heater core is empty, I don't know if this could happen but I have seen just as strange things.
Is the over flow jug 3/4 full when the engine is fully warmed up?
How about half full when cold, could be sucking air back and forth?
Ron