The easiest way to do this is to just sort the data and take N items from the front. This is the recommended way for small data sets - anything more complicated is just not worth it otherwise.
However, for large data sets it can be a lot quicker to do what's known as a Partial Sort
.
There are two main ways to do this: Use a heap, or use a specialised quicksort.
The article I linked describes how to use a heap. I shall present a partial sort below:
public static IList<T> PartialSort<T>(IList<T> data, int k) where T : IComparable<T>
{
int start = 0;
int end = data.Count - 1;
while (end > start)
{
var index = partition(data, start, end);
var rank = index + 1;
if (rank >= k)
{
end = index - 1;
}
else if ((index - start) > (end - index))
{
quickSort(data, index + 1, end);
end = index - 1;
}
else
{
quickSort(data, start, index - 1);
start = index + 1;
}
}
return data;
}
static int partition<T>(IList<T> lst, int start, int end) where T : IComparable<T>
{
T x = lst[start];
int i = start;
for (int j = start + 1; j <= end; j++)
{
if (lst[j].CompareTo(x) < 0) // Or "> 0" to reverse sort order.
{
i = i + 1;
swap(lst, i, j);
}
}
swap(lst, start, i);
return i;
}
static void swap<T>(IList<T> lst, int p, int q)
{
T temp = lst[p];
lst[p] = lst[q];
lst[q] = temp;
}
static void quickSort<T>(IList<T> lst, int start, int end) where T : IComparable<T>
{
if (start >= end)
return;
int index = partition(lst, start, end);
quickSort(lst, start, index - 1);
quickSort(lst, index + 1, end);
}
Then to access the 5th largest element in a list you could do this:
PartialSort(list, 5);
Console.WriteLine(list[4]);
For large data sets, a partial sort can be significantly faster than a full sort.
Addendum
See here for another (probably better) solution that uses a QuickSelect algorithm.