We study the Gross-Pitaevskii (GP) energy functional for a fast rotating Bose-Einstein condensate on the unit disc in two dimensions. Writing the coupling parameter as 1/ε2 we consider the asymptotic regime ε → 0 with the angular velocity Ω proportional to (ε2{pipe}log ε{pipe})-1. We prove that if Ω = Ω0(ε2{pipe}log ε{pipe})-1 and Ω0 > 2(3π)-1 then a minimizer of the GP energy functional has no zeros in an annulus at the boundary of the disc that contains the bulk of the mass. The vorticity resides in a complementary 'hole' around the center where the density is vanishingly small. Moreover, we prove a lower bound to the ground state energy that matches, up to small errors, the upper bound obtained from an optimal giant vortex trial funct...