"Fourth place" refers to the position or ranking that comes after the top three places in a competition or race. It means finishing or being ranked as the fourth best out of a group of competitors or participants. Full definition
«At the time of writing, we sit in fourth place in the league and, with thirteen games remaining, there is everything to play for,» he added. (justarsenal.com)
That's enough for fourth place on the global cryptocurrency value chart. (hacked.com)