This $50 cashmere crew is extremely warm + breathable, but not bulky! I love layering this as a base layer with a thicker sweater or coat. This runs true to size LTKHoliday LTKOver40 LTKGiftGuide

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The $50 Cashmere Crewneck Sweater | Quince | Quince
Women's Extended Shoulder T-Shirt - A New Day™ | Target
Superwide-Leg Jeans | Madewell
The Half-Zip in Everyday Cotton | Everlane
rag & bone | Shopbop