There are 2 tabs in the Horse window: “Horse equipment” and “Bags”. The “Horse equipment” tab has 5 slots:
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2 slots for the loot from locations
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2 slots for bags. Bags in these slots create additional slots for loot in the “Bags” tab
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1 slot for feeding
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1 slot for the horseshoe
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1 slot for the saddle
In the “Bags” tab you will find:
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Additional slots for the loot from locations, created by applying the bags in the "Horse Equipment" tab.
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A slot for PvP chests.