Try this -
CREATE TABLE #list ([name] [varchar](100) NOT NULL, [value] [int] NOT NULL)
INSERT INTO #list VALUES ('John', 20), ('John', 7), ('John', 7), ('John', 7), ('John', 4);
WITH cte
AS (
SELECT NAME
,value
,ROW_NUMBER() OVER (
PARTITION BY NAME ORDER BY (value) DESC
) RN
FROM #list
)
SELECT NAME
,value
FROM cte
WHERE RN < 4
ORDER BY value DESC