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/ε^2 we consider the asymptotic regime ε → 0 with the angular velocity proportional to (ε^2|log ε|)^{ −1}.We prove that if \Omega = \Omega_0(ε^2|log ε|)^{−1} and \Omega_0 > 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...