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Is All Photographs selected in the Catalog area in the left panel? The filter bar only works on the folder, in the Folders area, or whatever is selected in the Catalog Area, like Previous Imported, All Synced files and so on. Or even for what is selected in the collections area.
To build on Just Shoot Me's reply: Some of the 5-star photos may be hidden in collapsed stacks. To test:
1. Make sure you've selected All Photographs in the Catalog panel.
2. Do Photo > Stacking > Expand All Stacks.
Smart collections show the entire catalog. Whereas filters only show matching photos in the currently selected source that are in expanded stacks or at the top of collapsed stacks.
Thanks guys. That is the correct answer.
At one point, I did select All Photographs but that didn't help. It wasn't until I expanded all my stacks. Then the filter behaved as expected.