In the bowl of a stand mixer fitted with the whisk attachment — or using a hand mixer — beat the cold heavy cream on medium-high speed until stiff peaks form, about 2 to 3 minutes. Scoop about 1 cup of the whipped cream into the condensed milk mixture and stir gently to combine; this step lightens the base and ensures a smoother texture. Carefully fold in the remaining whipped cream using a spatula, turning the bowl as you go. Continue folding until the mixture becomes silky and cohesive, leaving only a few small lumps — avoid overmixing to keep it airy.